Market Newsdesk

Menlo Park, California, March 08, 2021 (GLOBE NEWSWIRE) — A practical fully homomorphic encryption capability could secure data being processed on, and sent to, untrusted clouds, and especially the volumes of data required to train AI and ML models

MENLO PARK, Calif, March 8, 2021 – SRI International today announced that DARPA, the Defense Advanced Research Projects Agency, has awarded the research institute an $11.5 million contract to develop a new hardware accelerator chip to support fully homomorphic encryption (FHE). The resulting hardware and supporting software solution could enable practical FHE, which has broad commercial implications, such as accelerating the computations required to process large volumes of sensitive data for machine learning and to train artificial intelligence and enhancing security for data hosted in untrusted cloud computing platforms.

With most data encryption strategies, data has to be decrypted before processing, which presents security and privacy concerns. FHE enables computations to be performed on encrypted data rather than rather than clear plaintext, but FHE-based computations involve “noise” that accumulates with each computation, that may ultimately render the encrypted result of the computations undecryptable. Solving the problem will require a new type of accelerator CPU architecture and supporting software to speed up processing time which will reduce overhead and control the noise. The DARPA contract is part of a larger initiative named DPRIVE, Data Protection in Virtual Environments, with the stated goal of developing a
chip to accelerate FHE.

SRI has assembled a world-class team of researchers and engineers for this initiative. “Creating a new hardware accelerator for FHE encrypted data is a unique technical challenge that requires expertise in co-processor architectures, hardware design, computer-aided verification of hardware, software, mathematics and FHE algorithms,” said Dr. Karim Eldefrawy, Principal Computer Scientist for the Computer Science Lab (CSL) at SRI International. “With the team of word-class researchers we have assembled for this project, we are confident that in a few years we can develop a viable hardware solution that will make FHE data processing practical and commercially viable for a large set of applications.”

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SRI International

SRI International creates world-changing solutions making people safer, healthier and more productive. SRI, a research center headquartered in Menlo Park, California, works primarily in advanced technology and systems, biosciences, computing and education. SRI brings its innovations to the marketplace through technology licensing, spin-off ventures and new product solutions.

GRAND ISLAND, Neb., March 08, 2021 (GLOBE NEWSWIRE) — Amur Equipment Finance, Inc. (“Amur”) is excited to announce record growth in Q4 2020. Amur’s Q4 originations increased 27 percent, year over year, with a 34 percent year over year increase in application volume. Amur is proud to have set new records for monthly and quarterly origination and application volume during the fourth quarter overall.

This performance demonstrates clearly that Amur’s planned growth strategy has resonated with small businesses nationwide. At a time when businesses have needed their financial partners to step-up, Amur is proud to be a preferred financing provider for over 15,000 equipment vendors nationwide and a trusted partner for over 40,000 small businesses.

Amur’s presence in the digital sphere has grown dramatically as well. Year over year, Amur has seen a 16-fold increase in visitors to its website, with a dramatic uptick in usage of the digital tools and applications that Amur has invested in over the last year to help small businesses manage their financing needs.

To enable this growth, Amur has increased its employee headcount by 50 percent since last March, despite the COVID-19 pandemic. It has opened two new offices in Lincoln, Nebraska, and Rapid City, South Dakota. As a company born and raised in Grand Island, Nebraska, Amur is proud to now have three offices in its home state and an enlarged presence within its Great Plains regional footprint.

“We have a simple goal,” said Chairman and Chief Executive Mostafiz ShahMohammed. “We want to be the champion of small businesses. Small businesses dealt with a lot in 2020, but we have always believed in the ingenuity and resilience of the entrepreneurs that power America’s small businesses. Our growth proves that we’re becoming a financing partner of choice for small businesses nationwide, and we can’t wait to serve small businesses in record numbers in 2021.”

Amur also recently closed a $75 million, five-year, investment-grade, unsecured private notes offering. Through this capital raise, Amur was able to connect with a diverse investor base that is eager to back the company during its next phase of growth. “This new investment-grade notes offering communicates the ongoing confidence that the investment community has in our business model and growth trajectory,” remarked Kalyan Makam, Amur’s Executive Vice President. “This will enable us to launch several exciting new growth initiatives to better serve our customers, vendors, and partners across the nation.”

About Amur Equipment Finance, Inc.

Amur Equipment Finance is a Top Five nationally ranked independent commercial equipment finance provider and a certified Great Place to Work^®, dedicated to ensuring that its customers and employees around the nation are equipped to grow and succeed. Amur offers customized capital financing programs that draw on its uniquely extensive expertise in the world’s most essential industries – from transportation and technology to manufacturing and medicine – to support its network of over 15,000 vendors and other partners.

For more information, visit amuref.com.

Media Contact:

Jacklynn Manning
Vice President, Marketing
Amur Equipment Finance
+1 (800) 994-0016 x266
[email protected]

LITTLETON, Mass., March 08, 2021 (GLOBE NEWSWIRE) — Ingram Micro Inc. the world’s leading global technology provider and distributor, and CyGlass, a SaaS-based network security and compliance company have formed a strategic partnership in response to Australia and New Zealand’s growing demand for cybersecurity services. CyGlass Network Defense as a Service (NDaaS) will give small and medium organizations in ANZ advanced cyber security technology able to baseline IT activity and detect anomalies. CyGlass helps organizations see risks, stop attacks and prove compliance.

According to AustCyber’s Digital Census 2020, Australians spent approximately $5.6 billion on cyber security in 2020 – from both local and international providers – a figure that is expected to increase to $7.6 billion by 2024. Small and medium organizations generate about a quarter of the cyber sector’s revenue in Australia, with the rest directed to diversified professional services providers, technology integrators, mid-tier providers and defense contractors.

Ingram Micro Cloud will enable CyGlass to help secure this growing market by incorporating network security and compliance requirements into its cloud security and managed service offerings. The partnership extends Ingram Micro’s security capabilities through its analytics, explainable Artificial Intelligence (AI) and Machine Learning (ML) algorithms, to offer solutions and services that will help partners see and prioritize risks on their network, stop threats gaining a foothold and prove compliance in the ANZ market when securing critical assets and data. The agentless SaaS solution does this without the need for on-premise software or hardware and is easily integrated with the existing security infrastructure.

The CyGlass NDaaS allows small IT and security teams to:

• Identify and classify which assets are most important to their business
• Gain operational knowledge of the network to surface abnormal risky activities
• Surface security and IT risks including those from remote working and cloud
• Detect threats that other security tools miss through ‘explainable AI’ powered detection
• Prioritize threats and reduce anomalies to a small number of ‘Smart Alerts’ prioritized by risk
• Automate continuous monitoring for threats across networks, cloud, ransomware, and VPNs. Detects, responds and blocks cyber attacks 24 x 7
• Automate compliance policies and AI, activated with the push of a button using CyGlass Goals and Objectives
• Prove compliance through prebuilt reporting including control effectiveness, SLA tracking, and compliance objective metrics

Jason Langley, Ingram Micro New Zealand Managing Director, says cybersecurity is an issue for every company today. “A sound cybersecurity posture backed by intelligent technology is essential. CyGlass is breaking new ground in the fight against cybercrime by being able to bypass traditional network constraints such as firewalls, sending network metadata to cloud servers for analysis and threat detection. We are therefore thrilled to be able to offer CyGlass to our extensive range of Cloud security solutions.”

Trent Gomersall, Director of Cloud, for Ingram Micro Australia said: “Australia’s large businesses had a cybersecurity wake-up call last year with the news of a sophisticated state-sponsored attack. In 2021, cybersecurity is as important as physical security. We’re pleased to be working with CyGlass to help smaller organizations see risks, stop attacks, show compliance and get on with their core business.”

Ed Jackowiak, President of CyGlass said: “Cloud-based services have become more critical to businesses than ever before thanks to the pandemic, and we’re proud to be working with Ingram Micro Cloud at the very forefront of this market. The combination of our simple to deploy yet powerful NDaaS solution with Ingram Micro Cloud’s proven route to market will go far in supporting the needs of small to mid-sized IT and security teams in the ANZ market. Protecting the networks of small and medium organizations against cyberattack is not only important, but it can also be critical to survival – we look forward to working with Ingram Micro Cloud on that mission.”

For more about CyGlass and Network Defense as a Service (NDaaS) for small and medium organizations watch our video and sign up for a free threat assessment.

ABOUT CYGLASS

CyGlass is a leading provider of network-centric, threat detection solutions that allow customers of all sizes to uncover, pinpoint, and respond to advanced cyber threats that have evaded traditional security controls. CyGlass’ mission is to provide organizations with a new level of intelligence to defend against the most sophisticated cyber-attacks. Its asset oriented, risk-based approach to threat detection and mitigation focuses attention on the emerging attacks which pose the greatest risk. www.cyglass.com. CyGlass is a subsidiary of Nominet Inc.

ABOUT INGRAM MICRO

Ingram Micro helps businesses realise the promise of technology. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. Discover how Ingram Micro can help you realise the promise of technology.

For more information, please visit: https://www.ingrammicrocloud.com/au/en/