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Orange Egypt integrates Openet’s Real-time Offer Manager to improve subscriber experience

Openet enables Orange Egypt to stimulate data usage through real-time offers to create new revenue streamsDUBLIN, Ireland – 12th April, 2017 – Openet, a global leader in the supply of real-time BSS (business support systems) and customer engagement systems, today announced that Orange Egypt, a leading Egyptian operator, has deployed Openet’s Real-Time Offer Manager (RTOM) solution plus reporting tools to improve subscriber experience and increase data revenues. Orange Egypt is using Openet’s RTOM solution to... Source: RealWire

ADP CISO Offers Tips to Leverage Security to Grow the Business

Savvy CISOs would do their companies a favor by broadly integrating security across the organization, a move that can yield greater revenues, cost savings and an entry into new markets.

Imagination Technologies’ shares collapse after Apple ditches Brit chip designer

"Apple is developing own chip designs—which might breach Imagination's IP," firm claims.

Fast growing social app, BRO, partners with Tutela to boost incomes...

App monetises crowd-sourced mobile signal data to get share of £1.25m revenue fundLondon, UK. 28 March, 2017: Tutela, the crowd-sourced wireless analytics monetisation (WAM) company, has today announced its partnership with social app, BRO (www.bro.social).

The partnership will see the app, which is a social platform just for men, benefit from additional revenues generated as a result of Tutela’s technology.Tutela’s software package (SDK), is currently deployed across millions of devices and hundreds of thousands of... Source: RealWire

Gemalto profits hit by crummy US card sales, dials back expectations...

PINs hopes on some good news next year Gemalto warned on Wednesday that its first-quarter revenues will be between 7 to 9 per cent lower compared to the same period of 2016.…

Why the U.S. should give tax breaks to cloud adopters

To promote the use of cloud computing by small businesses in India, the Indian government is planning to introduce a subsidy for cloud usage.

The hope is that the use of the cloud will make small businesses more successful, thus increasing both employment and tax revenues to the government. In the United States we see the opposite approach, with the government more interested in taxing cloud computing than promoting its use.   [ InfoWorld’s quick guide: Digital Transformation and the Agile Enterprise. | Download InfoWorld’s essential guide to microservices and learn how to create modern web and mobile applications that scale. ] Subsidies or not, the cloud does make it easier to start a small business because it makes IT resources both affordable and available.

Before the cloud, those resources could cost millions of dollars.To read this article in full or to leave a comment, please click here

Volkswagen boss won’t rule out sale to Fiat-Chrysler

CEO Matthias Mueller has changed his tune from just a week ago.

Sophos to assimilate Invincea’s intelligent machine tech to fight malware

Machine learning IP snapped up in $100m deal Sophos has announced a deal to acquire the core technologies of anti-malware protection outfit Invincea for $100m plus up to $20m, dependent on first-year revenues.…

Super Mario Run hits 78 million downloads—but only five percent buy...

Nintendo laments poor conversion rate, but Pokémon Sun and Moon bring it back to profit.

Ciena Implements Licensing Solution from Flexera Software to Simplify Customer Deployments...

Flexera providing a future-proof solution that is scalable to meet existing and emerging business needsMaidenhead, U.K. – Jan. 31, 2017 – Flexera Software, the leading provider of next-generation software licensing, compliance, security and installation solutions, announced today that Ciena, a network strategy and technology company, has implemented FlexNet Licensing and FlexNet Operations to simplify deployments of programmable network solutions as well as help enable new revenues in their Network Functions Virtualisation ecosystem.In order to deliver... Source: RealWire

Cloud Bottlenecks: How Pokémon Go (and other game dev teams) caught...

Lesson: “Something that works with two million users doesn’t always work with 10 million."

Cognosec enters exclusive agreement to acquire UK-based A-tek Distribution Limited

Cognosec AB (publ) (“Cognosec” or “The Company”), (Nasdaq: COGS), a leading supplier of cyber security solutions with operations in Europe, Africa and the Middle East, has signed an exclusive agreement with A-tek Distribution, a UK-based company specialising in the sale and digital distribution via innovative portal technologies of cyber security solutions, products and services.

The acquisition is in line with Cognosec’s strategy to expand business areas to cover the sale and distribution of software technologies over the internet.

This press release includes inside information of Cognosec AB (publ) (“Cognosec” or “The Company”) that has been subject to postponement of disclosure.

The disclosure of inside information was postponed on December 8, 2016 under Article 17 (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation).

Cognosec AB today announces the signing of Heads of Terms of Agreement pursuant to the acquisition of A-tek Distribution, which is expected to close in Q1, 2017 subject to legal, financial and technology due diligence exercises.

A-tek Distribution was founded in 2009, and is a United Kingdom registered company.

The transaction will include the acquisition of 100% of outstanding shares for a consideration of approximately €275,000[1] comprised of €44,000 cash and €231,000 Cognosec AB new issue shares.

The transaction will be completed by Cognosec AB subsidiary, Credence Security.

There will be no other impact on Cognosec AB’s balance sheet.

A-tek Distribution is a specialist Digital Software Distribution Business, distributing cyber security solutions by portal and established by pioneers of digital software distribution who between them, possess over 85 man years of digital software distribution.

A-tek is positioned as a New Age Distribution Business, enabling global access to the vast SME markets with Pay-as-you-Use and Software-as-a-Service cyber security solutions.

The technology platform provides significant scalability and global advantages through innovative distribution methodologies.

A-tek Distribution recorded revenues of EUR101 510 2[2] in FY2016 and EBITDA of EUR 48 5602.

The acquisition of A-tek improves Cognosec’s competitive advantage for both vendors and customers alike.

This addition also expands Credence Security’s current product portfolio to incorporate cyber security solutions for secure operation centers, network operation centers, datacenters, mobile platforms, virtualised environments as well as providing critical fraud prevention solutions into the technology, media, telecommunications, financial and public sectors.

Commenting on the acquisition of the business by Cognosec AB, Robert Hall, A-tek Distribution’s Co-founder, says that - “It will allow the Company to fast track the overview above, whilst working together with a globally recognised provider of cyber security excellence to secure additional distribution agreements giving our current and future partners tremendous platforms for future growth, productivity and profitability."

Robert Brown, CEO of Cognosec AB commented – “We are delighted to broaden and deepen our business in line with our strategies through the acquisition of A-tek, a highly respected and experienced team.

Through A-tek, Cognosec will be extending its customer base with the addition of web-based digital distribution portals covering existing and new segments of this growing market.

Cognosec recognises the expansion of distribution of cyber security software through innovative portal solutions providing products and services with a strong emphasis on the SME markets as our strategic focus."

[1]The transaction will complete in GBP so the approximation is for the GBP:EUR exchange rates which were taken at mid-market on 23rd January 2017, 1GBP=1.158EUR.
[2]A-tek Distribution Limited uses GBP as reporting currency.

The approximation is for GBP:EUR exchange rates which were taken at mid-market on 23rd January 2017, 1GBP=1.158EUR.

Certified Adviser
Mangold Fondkommission AB is the Company’s Certified Adviser.
Telephone: +46 (0)8 5030 1550
E-mail: info@mangold.se

FOR FURTHER INFORMATION, PLEASE CONTACT:
Magnus Stuart
IR-contact, Cognosec AB
Email: magnus.stuart@cognosec.com

Aidan Murphy / Matthew Watkins
PR contacts, Finn Partners
Email: Cognosec@FinnPartners.com
Call: +44 (0)20 3217 7060

This information is information that Cognosec AB is obliged to make public, pursuant to the EU Market Abuse Regulation.

The information was submitted for publication, through the agency of the contact person set out above, on 24th January, 2017, at 15.00 CET.

ABOUT COGNOSEC
Cognosec AB (publ) (Nasdaq: COGS) is engaged in the provision of cyber security solutions and conducts its operations through the Swedish parent company and through subsidiaries in South Africa, UK, Kenya, and the United Arab Emirates.

The Group delivers services and technology licences to enhance clients’ protection against unwanted intrusion and to prevent various forms of information theft.

The parent company is domiciled in Stockholm, Sweden.

Cognosec employs 110 people and had revenues of EUR 16.8 million in 2015. Please visit www.cognosec.se for more information.