Allot NetworkSecure solution Deployed by Taiwan’s Far EasTone Telecommunications

On the 1st of December, Allot Inc. a global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, announced that, following a deal signed earlier this year, Far EasTone Telecommunications (FET) in Taiwan has launched cybersecurity threat protection and comprehensive content control services for its mobile customers based on the Allot NetworkSecure solution.

“FET has continued to introduce new products and services and provide deals with great value to users. The Allot Secure solution provides us with the right tools so that we can offer valuable, contemporary services to our users, while differentiating our brand as a market leader in cybersecurity,” commented Eric Chu, Executive Vice President, Consumer and Home Business Unit at Far EasTone Telecommunications.

“At Allot, we are very pleased that Far EasTone Telecommunications has chosen to join a growing list of CSPs who are deploying Allot Secure for their consumer cybersecurity needs. It is a proven, easy-to-implement and easy-to-use solution that fills a need while generating recurring revenue for the CSP,” said Dr. Weiming Li, Vice President of Sales for APAC at Allot.

Allot Third Quarter Financial Results

On the 15th of November, a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, announced its unaudited third quarter 2022 financial results. Key highlights: Third quarter revenues were $25.0 million compared with $38.2 million in the third quarter of last year; Gross margin on a non-GAAP basis was 67%; GAAP operating loss was $13.1 million and non-GAAP operating loss was $10.8 million;GAAP net loss was $12.9 million and non-GAAP net loss was $10.6 million. For the fourth quarter and full year of 2022, management reiterates its guidance expectations as follows: Maintaining guidance for full year revenues of $125 million to $130 million, with expectations that full year revenues will trend toward the lower end of the range; Additional recurring security deals to be executed, providing incremental MAR** of about $180 million for the full year;Continues to expect December 2022 total ARR* including SECaaS ARR* and Support & Maintenance ARR* to be between $50-52 million, Continues to expect December 2022 SECaaS ARR* to be approximately $9 million; Continues to expect recurring security revenue to be approximately $7 million for 2022.

Allot Published Global Survey on Secure Traffic Providers

On the 14th of November, Allot, a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, released the findings of it latest commissioned survey conducted by Coleman Parkes Research measuring the attitudes of small businesses toward cybersecurity.

Among the results of the survey of 1,000 businesses, with 50 employees or less, in North America, Europe, and APAC, the following findings were revealed:

• 70% of small businesses share the view that “It is the responsibility of the Internet provider/CSP to provide secure traffic”
• 73% of small businesses want security to be a core offering of their Internet/data provider
• 69% look to their CSP for insights and solutions about how to stay safe.
• 65% of small businesses expect to be victims of a cyber attack
• Only 22% of respondents trust their existing solution will protect their small business from cyber attacks

Backbase Secures the Title “Best Digital Banking Innovation Provider”at MEA Finance Awards 2022

Backbase, the leading Engagement Banking Platform provider, has won the ‘Best Digital Banking Innovation Provider’ and ‘Best Banking as a Platform Provider’ categories at the MEA Finance Awards 2022. The awards are a recognition of the leading role Backbase is playing in the digital banking sector through its innovative approach to developing products by focussing on delivering compelling customer experiences. Matthijs Eijpe, Regional Vice President EMEA, commented: “We are very proud to have won the awards in the Best Digital Banking Innovation Provider and Best Banking as a Platform Provider categories from the MEA Finance judging panel. At Backbase we are focused on developing the tools and technologies that can help financial institutions to re-architect their offerings to take advantage of the huge potential of digitization and this award is a great recognition of that. Looking ahead we will continue to innovate new solutions that maximise engagement banking while delivering compelling customer experiences that help banks to boost their bottom line”.

Avaya Named A ‘Leader’ in the 2022 Aragon Research Globe for Unified Communications and Collaboration

On the 27th of October, Avaya announced it has been identified as a Leader in The Aragon Research Globe for Unified Communications and Collaboration UC&C, 2022. The evaluation was based on completeness of strategy and performance. Avaya’s all-in-one solution for seamless communications and integration with other business apps enables businesses to take customer and employee experiences to a new level.

The report, authored by Aragon Research lead analyst Jim Lundy, clearly lays out the reasons for the growing demand for UC&C: “Communication and collaboration platforms have continued to evolve in the post-COVID era. Video conferencing continues to be one of the most sought-after capabilities for business teams. Team collaboration is also poised to overtake e-mail as more and more enterprises realize that real-time messaging for remote workers is a winner. The key for enterprises is the need for an integrated UC&C stack that can work with and integrate with other enterprise applications.”