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Hollysys’ Board of Directors to Review Revised Unsolicited Proposal

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Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys” or the “Company”)’s Board of Directors (the “Board”) has confirmed it received a revised unsolicited consortium proposal to acquire all the outstanding shares of Hollysys for $17.10 per share (the “Revised Proposal”).

The Board, consistent with its fiduciary duty and in consultation with its independent financial and legal advisors, will carefully review and thoroughly evaluate the Revised Proposal. Latham & Watkins is serving as legal advisor to Hollysys.

The Board and management is deeply committed to maximizing shareholder value and will thoroughly evaluate any opportunities or strategic alternatives that would advance that goal.  As part of this review, the Board will consider the Revised Proposal in the context of the significant value creation potential from the Company’s ongoing business strategy.

Management looks forward to sharing more information on its strategic plan and updates to the business as they become available. No specific timetable has been set and there can be no assurance that the review of the Revised Proposal will result in the consummation of any agreement or transaction. The Company’s shareholders do not need to take any action at this time.

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AKATI Sekurity Earns Frost & Sullivan’s 2024 Asia-Pacific Competitive Strategy Leadership Award for Its Rapid Expansion and Strong Presence in the APAC Digital Forensics Services Market

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AKATI Sekurity delivers outstanding security solutions across key industries and regions and is constantly forging strategic partnerships to enhance its offerings.
SAN ANTONIO, June 6, 2024 /PRNewswire/ — Frost & Sullivan recently analyzed the Global digital forensics services market and, based on its findings, recognizes AKATI Sekurity with the 2024 Asia-Pacific Competitive Strategy Leadership Award. AKATI Sekurity is a leading Managed Security Service Provider (MSSP) company that offers threat intelligence and computer forensics services to clients in the financial, healthcare, retail, industrial, IT, government, telecommunications, and transportation.

AKATI Sekurity has established a solid presence in the large enterprise segment by providing comprehensive digital forensics services and continuously improving its vast portfolio. This strategy enabled the company’s rapid growth and significantly strengthened its reputation. AKATI Sekurity’s reputation is also backed by accolades such as the 15th position in the MSSP Alert’s Top 250 MSSP rankings for 2023 and the Channel Futures’ Security MSP of the Year 2023, MSP 501 award.
AKATI Sekurity’s Black Hawk Security Operations Centre provides managed security services across five pillars – Identify, Protect, Detect, Respond, and Recover. Managed security services include 24*7*365 security monitoring, brand protection & dark-web monitoring, intel-led penetration testing and red teaming (Adversarial Attack Simulation Exercise (AASE)), endpoint Managed Detection and Response (MDR), cybersecurity maturity assessment, threat hunting, next-generation EDR, digital forensic and incident response (DFIR), and crisis communication. In addition, the company has recently started to offer threat exposure management services.
“AKATI Sekurity’s team is based in Hong Kong, Malaysia, Singapore, Sri Lanka, and Mexico. In 2024, the company is expanding its operations to India, Canada, and the United States. The company has over 500 customers across five continents,” said Swetha Krishnamoorthi, industry principal for cybersecurity at Frost & Sullivan.
“AKATI Sekurity provides the full spectrum of forensic investigation services, including digital evidence recovery, data acquisition and imaging, network forensics, mobile forensics, cloud forensics, and malware analysis. In addition to forensic investigations, AKATI Sekurity offers technical and expert witness testimony to customers that are going through legal proceedings,” noted Krishnamoorthi.
To further support its customers during and after forensic investigations, AKATI offers customized reports, providing a high-level summary for senior management, a technical follow-up for the IT team, and a specific report for the legal team. The company ensures all stakeholders have the information to address the breach effectively. As a result, AKATI’s innovative ethos, customer-centric approach, and aggressive expansion strategy have allowed it to grow steadily and position itself as a leader in the digital forensics services market.
Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share, competitive brand positioning, and customer satisfaction.
Frost & Sullivan Best Practices awards recognize companies in various regional and global sectors for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Contact:
Tarini SinghP: +91- 9953764546E: [email protected] 
About AKATI Sekurity
AKATI Sekurity, an award-winning Cyber security consulting and Managed Security Service Provider (MSSP), delivers round-the-clock security monitoring and a comprehensive suite of services. Our distinctive approach encompasses multiple angles of cyber defense to protect clients from all directions.
Accredited Services:
Payment Card Industry Data Security Standard (PCIDSS ASV).CREST Approved Penetration Testing and Vulnerability Assessment Service Provider.SWIFT Customer Security Programme (CSP) Assessment Provider.Payment Networks (PAYNET) Malaysia Independent Auditor for Third Party Acquirers (TPA).Contact:
Joanna WoonP: +603-2779.4944E: [email protected] 
Photo – https://mma.prnewswire.com/media/2431939/AKATI_Sekurity_Award.jpg

View original content:https://www.prnewswire.co.uk/news-releases/akati-sekurity-earns-frost–sullivans-2024-asia-pacific-competitive-strategy-leadership-award-for-its-rapid-expansion-and-strong-presence-in-the-apac-digital-forensics-services-market-302165994.html

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CrowdStrike is Awarded with Frost & Sullivan 2024 Customer Value Leadership Award for Cloud Security

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CrowdStrike’s Falcon platform delivers a complete CNAPP with unified visibility and threat protection across the entire cloud estate to help global customers stop cloud breaches
SAN ANTONIO, June 7, 2024 /PRNewswire/ — Frost & Sullivan has recognized CrowdStrike with its 2024 Global Customer Value Leadership Award for Best Practices in Cloud Security. CrowdStrike was recognized for its ability to simplify and scale cloud security through a single, unified platform. CrowdStrike Falcon® Cloud Security provides global customers with unified protection from code to cloud – enabling them to consolidate point products and stop cloud breaches.

According to the CrowdStrike 2024 Global Threat Report, cloud exploitation cases grew 110% over the past year, with adversaries becoming increasingly focused and persistent. Stopping cloud breaches requires a modern approach to protection that holistically addresses cloud security risk. CrowdStrike Falcon Cloud Security delivers the most complete CNAPP on the market today in a single, unified platform, empowering customers to see, secure and stop all cloud threats and attack surfaces across infrastructure, workloads, applications, APIs and data. This unified approach is a leading reason why organizations consolidate with CrowdStrike to replace siloed cloud security point products and why CrowdStrike has one of the largest and fastest growing cloud security businesses in the industry.
“CrowdStrike’s unified cloud-native security platform’s integrated approach, along with a focus on breach prevention and proactive support, delivers seamless customer support and experience, setting it apart from competitors,” said Anh Tien Vu, Industry Principal, Global Cybersecurity Research at Frost & Sullivan. “By enhancing its security technology capabilities, gaining customer trust, and maximizing the value of its solutions, CrowdStrike has become a popular cloud security choice among organizations, boosting the adoption of its solutions and revenue growth over the last few years to become a leader in the competitive cloud security industry.”
“Adversaries are aggressively targeting cloud environments and traditional cybersecurity tools are not enough to help customers battle these persistent threats,” said Raj Rajamani, head of products, CrowdStrike. “Only CrowdStrike delivers visibility, prevention and remediation across the entire cloud estate in a unified platform to stop cloud breaches. Frost & Sullivan’s acknowledgement of the value Falcon Cloud Security provides customers further validates our cloud security leadership and commitment to securing the cloud across every industry and region.”
CrowdStrike Falcon Cloud Security stands out in the following areas:
Business Threat Context and AI-driven Risk Prioritization: Security teams can quickly identify high-risk threats and vulnerabilities targeting sensitive data and critical applications. AI automates this process, allowing teams to prioritize the most critical threats without lengthy manual investigations.Consolidated Code to Cloud Protection: With unified visibility and runtime protection in a single platform, single agent architecture, CrowdStrike eliminates security gaps and stops cloud breaches without making customers manage different cloud point products. Customers can consolidate the disjointed point products across their entire cloud estate to reduce overall costs and eliminate complexity.Built to Stop Breaches: Many CNAPPs are thinly veiled CSPMs, built as cloud vulnerability management tools lacking capabilities to stop cloud breaches. CrowdStrike stops threats in real-time with advanced runtime protection built on the same unified agent as CrowdStrike’s best-in-class EDR and Identity Protection. Leveraging world-class managed threat hunting and intelligence, CrowdStrike sets the standard for cloud detection and response (CDR) as a native part of the most comprehensive cloud security platform, built to stop the breach.For more information, read the full report: 2024 Frost & Sullivan Customer Value Leadership Award: The Global Cloud Security Industry Excellence in Best Practices.
Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share, competitive brand positioning, and customer satisfaction.
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & SullivanFor six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
ContactLindsey WhitakerP: 1.210.477.8457E: [email protected]
Photo – https://mma.prnewswire.com/media/2432722/Frost_and_Sullivan_Crowdstrike_Award.jpg

View original content:https://www.prnewswire.co.uk/news-releases/crowdstrike-is-awarded-with-frost–sullivan-2024-customer-value-leadership-award-for-cloud-security-302166667.html

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NEW AI COPILOT PLUGIN IS A BREAKTHROUGH FOR FINANCIAL INSTITUTIONS, TRANSFORMING EXISTING, SILOED SYSTEMS IN SECONDS

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AMSTERDAM, June 6, 2024 /PRNewswire/ — A groundbreaking generative AI copilot plugin, launched by Lucinity at Money2020 Europe, delivers immediate ROI. The copilot plugin is system-agnostic, acting as one central copilot that can be used on top of all web-based enterprise applications, pulling data from any system including Customer Relationship Management (CRM) systems, case management systems, third-party vendors, and Excel documents.

 
The new plugin enhances Lucinity’s AI copilot, ‘Luci,’ launched last year as the world’s first AI copilot for financial crime prevention. This new plugin functionality now means that Luci is the easiest copilot to integrate into any financial institution (FI), boosting productivity by up to 90% and resulting in substantial cost savings.
It also means that businesses can keep the same licenses and contracts they already have with their current providers, while augmenting their insights and accelerating decision making. FIs can now start using GenAI without the constraints, enormous costs, and lengthy timelines of traditional implementations.
Lucinity has also released the Copilot Skills Studio, an innovative workflow automation studio leveraging Generative Intelligence Process Automation (GIPA). GIPA combines traditional AI, generative AI, and Robotic Process Automation (RPA) all in one, to automate end-to-end processes that typically involve repetitive work, information gathering and analysis, or human-like decision making abilities.
This includes automating end-to-end workflows to gain insights on customers, such as running a negative news search, producing a transaction summary from a screenshot of Excel, and obtaining a money flow visualization from a customer’s transactions. At the end, all the insights can be directly added to a case or a customer’s profile. This process typically requires one to four hours, but can now be performed in a matter of minutes. Through this technology, FIs are now able to automate entire workflows that they could initially only perform by executing various tasks across multiple systems.
Lucinity’s customers are already witnessing the power of Luci in action. Hannah Becher, Fraud and AML Surveillance Lead from Pleo, a fintech company that provides businesses with spending solutions, says: “Luci is streamlining Pleo’s proof of business (POB) checks, significantly enhancing the efficiency and accuracy of verifying the legitimacy of new customers. With Luci, these checks are completed in a matter of minutes.
“The process runs automatically or is manually initiated as part of the review process. Luci not only evaluates the legitimacy of businesses but also provides well-documented recommendations with complete references to the data sources used, ensuring full auditability and explainability of its assessments. The automated POB check can be reviewed and edited by Pleo’s analysts to ensure correctness.”
“This new innovation will blow your mind,” says GK, Founder and CEO of Lucinity. “One of the most common things we hear from FIs is that they love our products, but they have an old system they can’t get rid of that they’ve just invested in. With our new copilot plug-in, that’s not a problem. I was blown away when using Luci myself in our own CRM system and directly in Microsoft Outlook to prepare for meetings. I never thought I would start to use our own software without working directly in FinCrime prevention, but Luci is just so powerful now that it is even assisting me in my daily work.”
When accessing publicly available data, Luci can be implemented instantly – after which privately-held data sources can be added. Luci can also still be deployed within the complete Lucinity platform, working with powerful modules such as Case Manager and Customer 360°. Lucinity’s platform is also system-agnostic, connecting with any Transaction Monitoring, Fraud, or KYC systems that FIs currently use or would like to integrate with.
In terms of security, Lucinity uses state-of-the-art models like Microsoft Azure Open AI for secure infrastructure. Luci was developed within the world of compliance, ensuring maximum auditability with detailed Audit Log functionality.
Summary of groundbreaking innovations built into the Luci copilot:
Copilot plug-in allows generative AI copilot to work with old and new systems and deliver results immediatelyGIPA platform incorporates advanced artificial intelligence technologies to automate complex cognitive tasksSeamless Copilot Skills Studio to customize automated tasksLogo – https://mma.prnewswire.com/media/2208676/4669079/Lucinity_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/new-ai-copilot-plugin-is-a-breakthrough-for-financial-institutions-transforming-existing-siloed-systems-in-seconds-302166578.html

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