Author: Newsdesk

• Zoom expands platform with breakthrough product, Zoom Docs, a modular AI-powered workspace for documentation, project and data management, and creating tables, wikis, tasks, and more.
• Debuts AI Companion in Zoom Whiteboard, and expands Meeting and Team Chat summarization capabilities to Zoom higher education and healthcare customers
• Enhances employee and customer experiences with new platform innovations and integrations, underpinned by powerful AI capabilities
  

SAN JOSE, Calif., Oct. 03, 2023 (GLOBE NEWSWIRE) — Today Zoom Video Communications, Inc. (NASDAQ: ZM) kicked off Zoomtopia 2023, the company’s annual event, unveiling new platform innovations underpinned by powerful AI capabilities to help streamline the workday through effective communication and collaboration tools.

Zoom’s breakthrough product, Zoom Docs, is a next-gen way of collaborating, built from the ground up with AI at its core. Zoom Docs is a flexible, modular workspace that tightly integrates with Zoom and third-party apps, making it easy for teams and individuals to create, collaborate, manage projects, and stay organized. Zoom Docs includes traditional document capabilities, as well as wikis and drag-and-drop content blocks for tables, charts, and images. Zoom Docs users can also leverage its AI-powered functionality to populate docs with content from Zoom Meetings to inform and jumpstart creation, generate content with Zoom AI Companion, summarize content quickly, easily search documents, and more. Zoom Docs is scheduled to be generally available in 2024.

“As work continues to evolve and present new challenges, one thing will remain the same: effective collaboration and communication tools are crucial for businesses to succeed,” said Eric S. Yuan, founder and CEO of Zoom. “At Zoom, we’re grounded in doing what’s right and caring for our customers, and we understand that business leaders are faced with new obstacles every day — whether it’s navigating hybrid work, improving engagement and collaboration among customers and employees, deciding how to leverage generative AI to empower people, or reducing the complexity of their IT solutions. Our new innovations demonstrate Zoom’s commitment to evolving our platform in ways that empower limitless human connection and solve real business problems.”

Zoom AI Companion drives impact with intelligence

The recently announced Zoom AI Companion, the company’s generative AI digital assistant, debuted a new Whiteboard capability and is expanding to new industry customers with the introduction of Meeting and Team Chat summarization capabilities to Zoom higher education and healthcare customers. And, unlike other similar offerings that cost $30 or more per user per month, AI Companion is included at no additional cost for paid users on eligible accounts.*

Zoom AI Companion helps users catch up on already-in-progress meeting discussions, summarize long chat threads, compose emails in Zoom Mail, and so much more. Now, AI Companion can also help generate ideas on a digital whiteboard and organize them into categories, so teams can get to work faster.

For more information on AI Companion and all of its real-time capabilities in the Zoom platform visit the Zoom newsroom.

Enabling flexible collaboration on a modern platform

Zoom is purpose-built for hybrid, remote, and in-office work. Delivering an exceptional employee experience in the hybrid work era that supports employees across different work styles is critical for companies to succeed. Zoom unveiled the following platform innovations to enhance:

• Employee engagement: Workvivo, acquired by Zoom earlier this year, is an employee engagement and communications solution that provides new ways to keep employees informed, engaged, and connected in today’s hybrid work model. Having a strong ongoing employee engagement strategy is crucial for today’s distributed workforces, which is why Workvivo users will be able to access Workvivo rightin the Zoom desktop client in the coming weeks.

• Hybrid work:
  
  • In addition to suggesting where people can sit to be close to key collaborators, Workspace Reservation will be adding a Wayfinding feature next year that provides a map to the reserved seat and allows users to review their path on their mobile device when they’re in an unfamiliar office location, making it easier to find their desk.
  • Huddles are virtual coworking spaces that bring employees together across in-office, hybrid, and remote teams. Now, Zoom has introduced presence indicators and location information with My Office View, so users know when the colleagues they collaborate closely with are in a virtual Huddle or in the physical office. My Office View in Huddles is scheduled to be available in 2024.
• Collaboration: Zoom has streamlined the pre-meeting process with products like Calendar, Mail, Team Chat, and, most recently, Zoom Scheduler. Now, with the latest features available in Zoom Scheduler, users can incorporate single-use booking links to maintain control of their calendar, add customized booking page logos to offer a consistent brand experience, and add multiple account support so that users can check availability across multiple accounts like their work and personal calendars. Coming soon, users will be able to incorporate unique schedules of availability per host so users do not have to block calendars for different teams or regions, delegate support so that executive assistants or other support members can book for others and integrate Salesforce with Scheduler to seamlessly link meeting records from Zoom Scheduler in Salesforce automatically.

For more information on additional enhancements to Zoom Meetings, Zoom Rooms, and other Zoom One products, visit the Zoom newsroom.

Strengthening customer relationships

Zoom’s AI-powered customer experience (CX) solutions help ensure that customer-facing teams, no matter where they are located, have what they need in one place to support and engage customers.

Zoom’s latest innovations can help the following teams strengthen customer relationships:

• Customer support agents and supervisors:
  • With AIExpert Assist, generative AI listens, adapts, and presents real-time outputs that help streamline contact center workflows. For agents, it leverages natural conversation language to provide contextual, real-time actions and auto-surface useful customer and knowledge base information. For supervisors, it provides actionable suggestions to help them reduce the cost of manual efforts and avoid missed improvement opportunities. The agent features will be available in late Q4 (end of year), and the supervisor features will be available in Q1.
  • Brands strive to meet customers on the channels they already use to allow for personalized connections, speedier resolutions, and increased long-term loyalty. To help facilitate this, Zoom Virtual Agent and Zoom Contact Center will integrate with two popular Meta digital messaging apps, WhatsApp and Messenger, in the coming months.
• Event managers: Event managers will receive better support around event prep and live event execution with the help of generative AI in Zoom Events through AI-composed event email invitations and lobby chats (available in the coming months), and sessions (available next year).

To learn more about these and additional Zoom innovations built to enable better customer experiences, visit the Zoom newsroom.

Providing an open ecosystem that enables choice

Zoom is an open platform, supported by an ecosystem of key integrations, apps, and partners that offer customers the choice of third-party solutions that work seamlessly with Zoom to drive key business outcomes.

For more information on additional enhancements Zoom unveiled today to make it easier for people to develop and deploy seamless workflows through Zoom, visit the Zoom newsroom.

Tune In LIVE

For the second consecutive year, Zoomtopia is a two-day hybrid experience hosted on Zoom Events, featuring thought-provoking speakers and business leaders, and including many opportunities to network, collaborate, and learn. Tune in live on October 3–4 to catch all the excitement.

About Zoom

Zoom is an all-in-one intelligent collaboration platform that makes connecting easier, more immersive, and more dynamic for businesses and individuals. Zoom technology puts people at the center, enabling meaningful connections, facilitating modern collaboration, and driving human innovation through solutions like team chat, phone, meetings, omnichannel cloud contact center, smart recordings, whiteboard, and more, in one offering. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com.

The statements contained here are for informational purposes only and may not be incorporated into any contract. Any services, products or functionality referenced that are not currently available are subject to change at Zoom’s sole discretion and may not be delivered as planned or at all. Customers who purchase from Zoom should make their purchase decisions based upon currently available pricing, features and functions.

Zoom Public Relations

Candace Dean
[email protected]

*Available for customers with the paid services assigned to their Zoom user accounts. AI Companion may not be available for all regions and industry verticals.

BALA CYNWYD, Pa., Oct. 03, 2023 (GLOBE NEWSWIRE) — BALA CYNWYD, October 3, 2023 /Globe Newswire/ — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.

Intercept Pharmaceuticals, Inc. (Nasdaq – ICPT)

Under the terms of the agreement, Intercept will be acquired by Alfasigma S.p.A (“Alfasigma”) for $19.00 per share in cash for each share of Intercept held. The investigation concerns whether the Intercept Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Alfasigma is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/intercept-pharmaceuticals-inc-nasdaq-icpt/.

Splunk, Inc. (Nasdaq – SPLK)

Under the terms of the Merger Agreement, Splunk will be acquired by Cisco (Nasdaq – CSCO) for $157.00 per share in cash for each share of Splunk held. The investigation concerns whether the Splunk Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Cisco is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/splunk-inc-nasdaq-splk/.

Applied Molecular Transport Inc. (Nasdaq – AMTI)

Under the terms of the Agreement, AMT will be acquired by Cyclo Therapeutics, Inc. (“Cyclo Therapeutics”) (Nasdaq – CYTH) in an all-stock transaction. AMT stockholders will receive approximately 0.174 shares of Cyclo Therapeutics in exchange for each of their shares in AMT (subject to adjustment based on AMT’s net cash at closing). Cyclo Therapeutics expects to issue approximately 7.624 million shares of Cyclo Therapeutics’ common stock to AMT shareholders, equating to approximately 25% of the combined company on a fully diluted basis. The investigation concerns whether the AMT Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Cyclo Therapeutics is paying fair value to shareholders of the Company.

Additional information can be found at: https://www.brodskysmith.com/cases/applied-molecular-transport-inc-nasdaq-amti/.

NextGen Healthcare, Inc. (Nasdaq – NXGN)

Under the terms of the agreement, NextGen Healthcare will be acquired by acquired by Thoma Bravo. Under the terms of the merger agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. The investigation concerns whether the NextGen Healthcare Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Thoma Bravo is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/nextgen-healthcare-inc-nasdaq-nxgn/.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

NEW YORK, Oct. 03, 2023 (GLOBE NEWSWIRE) — In celebration of Hispanic Heritage Month, which is commemorated every year from September 15 to October 15, Verizon is inviting the public to share their own stories about how they have impacted their communities for the better. Photos and videos can be shared on social media using the hashtags #SorteoTuCultura and #YourCultureSweepstakes through October 16. Four stories will be selected and featured on @Verizon Instagram and TikTok, and selected individuals will win a $1,000 cash grant to help them continue to make an impact on their local communities¹. Click here to access the sweepstakes rules and regulations and details on how to participate.

Verizon is committed to spotlighting and supporting the Latino community today and every day. From efforts to help close the digital divide for students, to helping small businesses serving the Latino community achieve success in the digital economy, the company is committed to creating positive change in the communities it serves.

Verizon Small Digital Ready Program: Committed to supporting small business owners

Earlier this year, Verizon awarded 25 Hispanic small business owners with $10,000 grants in connection with the launch of new Spanish-language resources and Verizon’s ongoing efforts to help digitize and accelerate growth of small businesses across the country. Through Verizon Small Business Digital Ready, a free online learning portal created with and for small businesses, Verizon is focused on helping small businesses achieve success in today’s digital economy, and in partnership with Next Street and Local Initiatives Support Corporation (LISC), these grants helped businesses to invest in upgrading their technology, advancing their marketing, or supporting operational costs such as employee wages, rent, and more. Over 28,000 Hispanic small business owners have benefited from the Verizon Small Business Digital Ready program, through courses — available in both English and Spanish – mentorship, peer networking, 1:1 expert coaching, and incentives such as grant funding.

Empowering Latinos through education: Verizon Innovative Learning

For more than a decade, Verizon has increased digital equity and inclusion for teachers and students nationwide through its award-winning education initiative, Verizon Innovative Learning. This school year, Verizon is expanding the Verizon Innovative Learning Schools program by welcoming 31 new Title I schools from 10 new school districts across nine states, bringing the program’s total reach to 592 schools nationwide. Students and teachers of this new cohort will be equipped with devices – including tablets and laptops – as well as up to four years of data, empowering 24/7 learning in and out of the classroom. As of today, 48% of students in the Verizon Innovative Learning School program identify as Hispanic or Latino and many of the Verizon Innovative Learning HQ courses – a free education portal that makes innovative learning tools available to all – are offered in both Spanish and English.

Verizon strives to keep the Latino community connected year-round, with the best value, offers and experiences on the network America relies on. With offerings like Global Choice and myPlan, customers can get the best value while staying connected with their loved ones in Latin America. Plus, all Unlimited plans include unlimited calling to Mexico, and allow you to take your domestic talk, text and data allowances with you to Mexico at no additional charge.

1 No purchase necessary. Sweepstakes begins at 12:00 AM ET on 10/1/23 and ends at 11:59 PM ET on 10/15/23. Open to legal U.S. residents 18 years of age or older as of the date of entry. Sponsored by Verizon. For Official Rules, visit: rules.dja.com/verizontuculturasweepstakes.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:

Ana Rosella Ibarra
[email protected]

Singh’s appointment comes in support of the Company’s next evolution, which will be focused on investing in top talent, commencement of commercial operations, and investing in clinical research and development of plant based therapies, and expanding into cultivation and manufacturing of other scheduled substances.

GRANTS, N.M., Oct. 03, 2023 (GLOBE NEWSWIRE) — Bright Green Corporation (NASDAQ: BGXX) (“Bright Green” or “the Company”), announced today their appointment of Groovy Singh, a renowned leader and strategist in the cannabis and wellness industries, as Chief Executive Officer. Singh will replace current CEO Seamus McAuley, who is stepping back from the position to address recently developed health-related concerns. McAuley will assume an advisory role to Mr. Singh during the transition to continue facilitating the company’s success while remaining focused on his recovery.

Mr. Singh comes to the role with extensive experience in both U.S. and international markets across consumer products, retail, fashion, entertainment, and wellness. Over a 23-year career as co-founder and executive, he has driven the successful growth and expansion of both private brands and public corporations. He brings a penchant for international partnerships as demonstrated at TWC Brands Inc. where he forged alliances with global active apparel brands Billabong, Reebok, and Disney; and developed significant relations with foreign investors through the management of a real estate fund which will be pivotal to Bright Green’s EB-5 program. Most recently, Mr. Singh co-founded and was the Chief Marketing Officer of Glass House Brands where he was responsible for the formation and growth of the company’s commercial cannabis operations including six million square feet of cultivation and consumer retail business.

“The Bright Green Board and I are very grateful to Seamus for the work carried out thus far, and we are fully understanding of the health challenges he currently faces. We offer him nothing but our support moving forward,” Terry Rafih, Executive Chairman of the Board of Directors for Bright Green said Monday. “We are delighted to appoint Groovy Singh to the role of CEO given the depth of his experience and shared enthusiasm on the opportunities that lie ahead for the company. I am confident that, with his expertise and experience, he will successfully lead the execution of the next phase of Bright Green’s strategy.”

Mr. Singh addressed his appointment on Monday with enthusiasm, stating, “I think Bright Green is positioned with an opportunity to not only be the premier cultivator, manufacturer, and supplier of a new, groundbreaking class of Active Pharmaceuticals Ingredients, but also to form a trusted network of domestic and international partners that can facilitate the expansion of this impactful approach to medicine and therapies. This is the vision that is shared across the Founders and Board Members of Bright Green — to have everything under one roof and “Made in the USA” from start to finish.” Singh continued, “I am eager to leverage the monumental achievements that Bright Green’s leadership has already solidified, including the EB-5 program and our existing international exposure—an element I am particularly looking forward to building on.”

Singh’s appointment comes closely behind Bright Green’s February announcement of its plans to raise $500 million under the United States Citizens and Immigration Services (“UCISC”) EB-5 Program, a result of the company’s historic DEA registration as the first and largest publicly traded company in the U.S. to be federally authorized to grow, manufacture and sell cannabis and cannabis-related products for research, pharmaceutical applications, and affiliated import and export—a milestone the company announced in April this year. As the new CEO, Singh will look to use that momentum to significantly impact and progress business and commerce operations in New Mexico, helping drive Bright Green’s position as a pioneer in the cannabis and pharmaceutical space. Further details on the Bright Green EB-5 program can be found by visiting our dedicated EB-5 website www.brightgreen.us/eb5

In conjunction with his appointment to CEO of Bright Green, Singh holds seats on the boards of several International companies in the Agtech, Real Estate, and CPG sectors. He holds a B.A. from Stanford University and an OPM certification from Harvard Business School.

Media Inquiries & Investor Relations Contact


[email protected]

About Bright Green

Bright Green is one of the first companies selected and approved by the US government to legally grow, manufacture, and sell cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export under legal and state law. Our approval, based on pre-agreed terms set by the U.S. Drug Enforcement Administration, gives Bright Green the opportunity to advance the vision of improving quality of life through the opportunities presented by cannabis-derived therapies. To learn more, visit www.brightgreen.us.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management as of such date. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control, including but not limited to, the inability of the Company to raise funds under the Company’s EB-5 program, and the impact that new officers, directors and employees may have on the Company and the Company’s business and results of operations. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as amended and supplemented, as well as other documents that may be filed by the Company from time to time with the SEC. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its views to change. The Company undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release. Additional information regarding these and other factors that could affect the Company’s results is included in the Company’s SEC filings, which may be obtained by visiting the SEC’s website at www.sec.gov.

NEW YORK, Oct. 03, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Shift4 Payments, Inc. (“Shift4” or the “Company”) (NYSE: FOUR) and certain officers.   The class action, filed in the United States District Court for the Eastern District of Pennsylvania, and docketed under 23-cv-03206, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Shift4 securities between November 10, 2021 and April 18, 2023, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased or otherwise acquired Shift4 securities during the Class Period, you have until October 19, 2023 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Shift4 provides software and payment processing solutions in the United States.  The Company provides, among other products and services, integrated and mobile point-of-sale (“POS”) solutions.

In Shift4’s third quarter of 2022, the Company completed its so-called “mass strategic buyout program” as part of a purported strategic initiative to insource its sales distribution network.

According to Shift4, because the Company is not a “member bank” as defined in certain payment network rules, the Company is not eligible for primary membership in certain payment networks and is therefore unable to directly access them.  Accordingly, Shift4’s payment networks require the Company to be sponsored by a member bank as a service provider, which the Company has accomplished through a sponsorship agreement with its sponsor bank.  To cover overdraft obligations at the sponsor bank, prior to December 2022, Shift4 had funds deposited in a sponsor bank merchant settlement account to facilitate gross card transaction deposits for those customers the Company bills on a monthly, as opposed to a daily, basis. 

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Shift4 had inadequate disclosure controls and procedures and internal control over financial reporting; (ii) as a result, Shift4 failed to properly account for customer acquisition costs, thereby artificially inflating its net cash provided by operating activities; (iii) accordingly, Shift4 would likely be forced to restate one or more of its previously issued financial statements; (iv) Shift4 employed accounting maneuvers in connection with, among other things, its mass strategic buyout program and sponsor bank merchant settlement account, that were designed to present an inaccurate picture of, inter alia, the Company’s performance, its underlying business quality, and its earnings power; (v) all the foregoing, once revealed, was likely to negatively impact Shift4’s reputation and business; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On October 21, 2022, Shift4 disclosed in a filing with the U.S. Securities and Exchange Commission that the Company’s third quarter 2021, full year 2021, first quarter 2022, and second quarter 2022 financial statements should no longer be relied upon and would need to be restated because of a material weakness in the Company’s financial controls, which had caused it to incorrectly treat “customer acquisition costs” as cash used in investing activities rather than cash used in operating activities in its Consolidated Statements of Cash Flows.  As a result, Shift4 was forced to negatively revise its net cash provided by operating activities to $3 million (down from its originally reported $29.2 million), $30.8 million (down from its originally reported $37.1 million), and $70.8 million (down from its originally reported $85 million) for the year ended December 31, 2021, the three months ended March 31, 2022, and the six months ended June 30, 2022, respectively.

On this news, Shift4’s stock price fell $1.21 per share, or 2.67%, to close at $44.16 per share on October 24, 2022. 

On April 19, 2023, Blue Orca Capital published a report addressing Shift4 (the “Blue Orca Report”).  The Blue Orca Report alleged, among other things, that “Shift4 [is], in reality, a roll-up of low-tech POS systems and payment processors which is substantially less profitable, generates far less cash, and is materially more levered than investors are led to believe.”  The Blue Orca Report further alleged that in 2022, “Shift4 engaged in a string of highly questionable and hyper-aggressive accounting maneuvers seemingly designed to keep the stock afloat, from cash flow manipulation to inexplicable distributor acquisitions that enabled it to capitalize a major component of COGS [cost of goods sold].”  For example, the Blue Orca Report alleged, inter alia, that Shift4’s “buyout of 50% of its independent distributors”—i.e., in connection with its mass strategic buyout program—“and Q4 2022 cash account withdrawal” from its sponsor bank merchant settlement account “together inflated operating cash flow by 61%.”

On this news, Shift4’s stock price fell $5.95 per share, or 8.68%, to close at $62.59 per share on April 19, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

SUNNYVALE, Calif., Oct. 03, 2023 (GLOBE NEWSWIRE) —

John Maddison, Chief Marketing Officer and EVP, Product Strategy at Fortinet
“Fortinet serves tens of thousands of secure SD-WAN enterprise customers, offers the world’s only SD-WAN ASIC solution, and has been named as a Leader in the Gartner Magic Quadrant for SD-WAN for the fourth year in a row. We believe this recognition solidifies Fortinet’s presence as an industry leader and demonstrates our ability to transform and secure our customers’ infrastructure and provide a foundation for the transition to single-vendor SASE.”

News Summary

Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that for the fourth consecutive year it has been named a Leader in the 2023 Gartner^® Magic Quadrant™ for SD-WAN. Fortinet is also the only Leader to be positioned highest in Ability to Execute for at least three consecutive years.

Fortinet believes this consistent recognition as a Leader and being positioned highest for Ability to Execute is a testament to our commitment to SD-WAN innovation. Fortinet Secure SD-WAN offers unparalleled support for ongoing network transformation initiatives by:

• Creating a seamless transition to single-vendor SASE through the integration with FortiSASE cloud-delivered security services, which is managed through a single, intuitive console. The Fortinet single-vendor SASE solution provides consistent enterprise-grade security and a superior experience for users no matter where they are located.
• Lowering costs and consolidating point products by converging AI-powered security, such as data loss prevention, intrusion prevention system, and SSL deep packet inspection with next-generation firewall, advanced routing, and zero-trust network access (ZTNA) application gateway functions.
• Empowering hybrid work with integrated ZTNA for secure application access everywhere and branch security that simplifies the entire network infrastructure.
• Integrating with digital experience monitoring to ensure optimal user and IT experience through end-to-end monitoring, intelligent application steering, and simplified operations.

Additional Third-Party Recognition for Fortinet Secure SD-WAN and single-vendor SASE

For four years in a row, Fortinet has been named a Gartner® Peer Insights™ Customers’ Choice for SD-WAN. In independent third-party testing performed by Cyber Ratings, Fortinet received a “Recommended” rating, the highest available.

SD-WAN is a foundational element of Fortinet’s single-vendor SASE solution, and Fortinet was recognized as a Challenger in the 2023 Gartner® Magic Quadrant™ for Single-Vendor SASE, which is the first Magic Quadrant of its kind. Additionally, Fortinet was named a Leader in the Forrester Wave™: Zero Trust Edge Solutions, Q3 2023 report. Zero Trust Edge is also known as SASE.

Supporting Quote

“Fortinet came out on top. FortiSASE seamlessly integrates with our existing products while protecting our previous Fortinet investments. And it was easy to extend FortiClient to FortiSASE, which freed us from needing to train our people on a new SASE solution. FortiSASE was really the next step in our network evolution.”
– Peter VanDorp, Cybersecurity Analyst, Wellington Catholic District School Board

Additional Resources

• Download the full report: 2023 Gartner^® Magic Quadrant™ for SD-WAN
• Learn more about Fortinet Secure SD-WAN, FortiSASE and Fortinet’s ability to deliver single-vendor SASE.
• Download the Fortinet 2023 Zero Trust Report or read the blog post for key takeaways.
• Learn about Fortinet’s free cybersecurity training, which includes broad cyber awareness and product training. As part of the Fortinet Training Advancement Agenda (TAA), the Fortinet Training Institute also provides training and certification through the Network Security Expert (NSE) Certification,Academic Partner, and Education Outreach programs.
• Learn more about FortiGuard Labs threat intelligence and research and Outbreak Alerts, which provide timely steps to mitigate breaking cybersecurity attacks.
• Learn more about Fortinet’s FortiGuard Security Services portfolio.
• Read about how Fortinet customers are securing their organizations.
• Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on our blog or YouTube.

Gartner, Magic Quadrant for SD-WAN, By Jonathan Forest, Sr. Director Analyst, Andrew Lerner, VP Analyst, Naresh Singh, Sr. Director Analyst, Karen Brown, Director Analyst, September 28, 2023

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant and Peer Insights are a registered trademark , of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

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About Fortinet

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RALEIGH, N.C., Oct. 03, 2023 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the highly anticipated opening of Regency at Olde Towne, a 55+ active-adult community offering three collections of homes and future onsite private amenities in Wake County, North Carolina. Home buyers are invited to visit the Toll Brothers Sales Center, located in the Olde Towne Clubhouse, to tour the new luxury home community at 5101 Anamosa Street in Raleigh.

Located minutes away from downtown Raleigh, Regency at Olde Towne is a low-maintenance community for active adults offering the perfect mix of urban excitement and an exquisite resort-style escape with three collections of single-family homes priced from the mid-$400,000s. Homes include flexible floor plan options with 2 to 4 bedrooms and 2 to 4.5 bathrooms.

Toll Brothers homeowners in the Discovery, Journey, and Excursion Collections will enjoy an array of future amenities, including a private clubhouse, state-of-the-art fitness center, resort-style swimming pool, and pickleball courts exclusively for Regency residents. Master-planned amenities include indoor/outdoor pools, a clubhouse with kitchen, game room, fitness center, playground, dog park, and volleyball and tennis courts.

“This neighborhood truly exemplifies the Toll Brothers luxury brand and Regency active-adult lifestyle for which we are known,” said Ted Pease, Division President of Toll Brothers in Raleigh. “With a wide array of sophisticated home designs to choose from and the opportunity to personalize their new home at the Toll Brothers Design Studio, we continue to offer our residents the best in luxury 55+ living in the greater Raleigh area.”

Home buyers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home buyers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants. 

Toll Brothers Regency active-adult communities across the United States are planned with the active lifestyles of their residents in mind. Each community offers exquisitely designed homes with an array of luxury resort-style amenities, activities, and social events available for residents 55 years of age or older.

Three Toll Brothers model homes in the community are currently under construction and anticipated to open to the public in early 2024. For more information on Regency at Olde Towne and Toll Brothers communities throughout North Carolina, call (844) 840-5263 or visit TollBrothers.com/NC.

About Toll Brothers 
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 56 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers was named the #1 Home Builder in Fortune magazine’s 2023 survey of the World’s Most Admired Companies®, the eighth year it has been so honored. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

©2023 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Toll Brothers. 

Contact: Andrea Meck | Toll Brothers, Director, Public Relations & Social Media | 215-938-8169 | [email protected]

Photo Download

High-Res Photo Link: https://tb-p-001-public.stylelabs.cloud/collections/7d7a94c443b94f0e9d035e89079077b6
Caption: Toll Brothers opens Regency at Olde Towne luxury active-adult community located minutes from downtown Raleigh. 

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bf9694fa-e7d8-42ee-b3c6-32daf761d69f

https://www.globenewswire.com/NewsRoom/AttachmentNg/b1eec49a-4e38-4f69-b991-9ee69c3d4e81

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)