Veeam Expands Investor Base with  Billion Secondary Offering, Valuation Hits  Billion

Veeam Expands Investor Base with $2 Billion Secondary Offering, Valuation Hits $15 Billion

Veeam Software, the global leader in data resilience, has expanded its shareholder base through a $2 billion secondary equity offering, elevating its valuation to $15 billion. The transaction was led by TPG, with participation from Temasek, Neuberger Berman Capital Solutions, and other investors. Insight Partners remains the company’s largest shareholder. As enterprises face increasing data…

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Automechanika Dubai 2024 to Propel UAE’s eMobility Goals

Automechanika Dubai 2024 to Propel UAE’s eMobility Goals

Dubai, UAE: Automechanika Dubai 2024, the region’s largest automotive aftermarket event, will spotlight the UAE’s ambitious electric mobility (eMobility) targets. Scheduled from 10-12 December 2024 at the Dubai World Trade Centre, the event will explore cutting-edge strategies, policies, and technologies reshaping sustainable transportation and the automotive aftermarket. The Innovation4Mobility Conference, a highlight of the event,…

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Veeam Strengthens Data Resilience with the Launch of Veeam Data Platform v12.3

Veeam Strengthens Data Resilience with the Launch of Veeam Data Platform v12.3

Veeam® Software, the global leader in data resilience, has announced the release of Veeam Data Platform v12.3, a transformative update designed to address the evolving challenges of cybersecurity and enterprise data management. This latest version introduces powerful new capabilities, including Microsoft Entra ID protection, proactive threat analysis tools, and AI-driven insights, all aimed at fortifying…

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India’s AI Revolution: MeitY Empanels Agencies to Democratize Access to AI Infrastructure

India’s AI Revolution: MeitY Empanels Agencies to Democratize Access to AI Infrastructure

In a major leap forward for India’s artificial intelligence (AI) ecosystem, the Ministry of Electronics and Information Technology (MeitY), through its IndiaAI Independent Business Division (IBD), has initiated the empanelment of agencies to provide AI Compute and Cloud Services. This ambitious project aims to create a scalable AI infrastructure powered by 10,000 GPUs, catering to…

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India’s Breakthrough in Tackling Drug-Resistant Pneumonia: Nafithromycin Revolutionizes Antibiotic Therapy

India’s Breakthrough in Tackling Drug-Resistant Pneumonia: Nafithromycin Revolutionizes Antibiotic Therapy

In a landmark achievement for India’s biotechnology sector, the Union Minister Dr. Jitendra Singh unveiled the country’s first indigenously developed antibiotic, Nafithromycin, designed to combat drug-resistant pneumonia. Launched under the trade name “Miqnaf” by Wockhardt Pharmaceuticals, this groundbreaking drug offers a revolutionary treatment for Community-Acquired Bacterial Pneumonia (CABP), a condition that significantly impacts children, the…

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ESET Research Unveils Analysis of RedLine Stealer Infostealer Empire Post-Takedown

ESET Research Unveils Analysis of RedLine Stealer Infostealer Empire Post-Takedown

November 5, 2024, Bratislava – In the aftermath of a coordinated international law enforcement operation, ESET Research has released an in-depth analysis of the RedLine Stealer malware empire. Known for its expansive Malware-as-a-Service (MaaS) model, RedLine Stealer was dismantled on October 24, 2024, as part of Operation Magnus. This effort, led by Dutch National Police…

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WorldFirst partners with Walmart for secure online fund collection

London/Shanghai, 7 August, 2024 — WorldFirst, a one-stop digital payment and financial services platform for global businesses, particularly SMEs in international trade, has worked with Walmart to enable China-based e-commerce sellers to securely collect funds from Walmart Marketplace, accelerating global growth opportunities. Leveraging WorldFirst’s 20 years of expertise in secure cross-border payments, the new digital…

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Huawei’s XMC-80D Wins Prestigious Design Awards

Huawei’s XMC-80D Wins Prestigious Design Awards

Huawei’s cutting-edge 2T E-band outdoor unit (ODU), the XMC-80D, has been honored with both the Red Dot Design Award and the iF Design Award for 2024. This recognition highlights the innovative product design and advanced technology of the XMC-80D, marking the second time Huawei’s microwave technology has been awarded these prestigious accolades, following the XMC-3E in 2021.

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