All posts by admin

Business Wire India

 

XBOW, the leader in autonomous offensive security, today announced it has raised $120 million in Series C financing. The round, led by DFJ Growth and Northzone, values the company at over $1 billion.

 

As part of DFJ Growth’s investment, Ramin Sayar, Venture Partner, will join the XBOW Board of Directors. Drawing on his experience as the former CEO of Sumo Logic, he will help the company scale operations and expand in the enterprise market. The round also includes participation from new investors Sofina and Alkeon Capital, as well as existing investors Altimeter, NFDG Ventures, and Sequoia Capital.

 

 

Until now, attackers were constrained by talent. Even the most sophisticated adversaries could not target every system, every version, all the time. With AI, that constraint is gone. Attackers now operate continuously and at scale, probing every release, every environment, and every exposed surface. At the same time, engineering teams are shipping faster than ever. Traditional human-led penetration testing cannot keep pace with AI-driven attackers and modern development cycles.

 

 

“When I founded XBOW in January 2024, few believed AI could truly think like a hacker and operate at machine speed. We proved it. XBOW reached the top of the HackerOne leaderboard and is now deployed at some of the most security-forward companies in the world,” said Oege de Moor, Founder and CEO, XBOW. “Attackers are already using AI. Defenders need to move just as fast. XBOW provides that continuous speed, and this funding enables us to bring it to the entire industry.”

 

 

Cybersecurity Enters the Autonomous Era

 

 

Autonomous offensive security is emerging as the next evolution of security testing. Rather than relying on point-in-time manual pentests, organizations are shifting toward continuous, intelligent coverage that mirrors how modern attackers operate.

 

 

XBOW applies AI reasoning and adversarial workflows modeled on real-world attack techniques to identify and validate vulnerabilities at machine speed. Its platform continuously tests applications, uncovering deep exploits often missed by manual testing, while maintaining a low false-positive rate.

 

 

​​“XBOW was the first to demonstrate how large language models could be applied to offensive security at scale,” said Barry Schuler, Co-founder and Managing Partner, DFJ Growth. “The company didn’t just prove the technology, it also proved market demand. By combining AI reasoning with real-world adversarial expertise, XBOW is bringing the autonomous hacker to life.”

 

 

“XBOW is rapidly emerging as a category leader, with Fortune 500 and global enterprises already relying on the platform as a mission-critical layer in their security stack,” said Sanjot Malhi, Partner, Northzone. “Oege and the team have built an extraordinarily capable AI-driven security platform in a remarkably short time, and we’re thrilled to partner with them as they scale.”

 

 

Proof Achieved. Now Scaling.

 

 

Over the past year, XBOW proved that autonomous systems can operate safely and effectively in live production environments. This investment will accelerate the company’s expansion across enterprise markets, continued product innovation, and international growth.

 

 

From day one, XBOW has paired autonomous systems with some of the world’s top hackers, who help train its autonomous hacker to think like a real adversary. The company was founded by Oege de Moor, creator of GitHub Copilot and GitHub Advanced Security, and built alongside a core group of engineers from the original Copilot team. Chief Information Security Officer Nico Waisman, formerly CISO at Lyft, joined from the outset and has helped shape XBOW’s approach to deploying autonomous systems safely in complex environments. Nico assembled a team of some of the best human hackers in the world to teach the XBOW system its trade.

 

 

The company has further strengthened its leadership by naming Ron Gabrisko to its Board, Jonaki Egenolf as Chief Marketing Officer, Dean Breda as General Counsel, and Niro Rajadurai as Chief Revenue Officer. As part of its global expansion strategy, XBOW also appointed WonLae Lee as General Manager, South Korea, at the beginning of 2026.

 

 

For more information about XBOW’s autonomous offensive security platform, visit xbow.com or stop by booth #1843 at RSAC™ 2026 next week.

 

 

About XBOW

 

 

XBOW is the autonomous offensive security company redefining cyber defense for the AI era. Combining AI reasoning with offensive security workflows, the XBOW platform delivers expert-level security testing at machine speed. XBOW empowers security teams to transform from reactive to proactive defense at AI scale. For XBOW customers, autonomous offense is the best defense.

 

 

About DFJ Growth

 

 

DFJ Growth is a prominent investor in emerging technology leaders during their scaling phase of development. Founded in 2005, DFJ Growth partners with extraordinary, mission-driven entrepreneurs disrupting the status quo with game-changing innovations that become iconic companies. Our investments include Anaplan, Anduril, Box, Cellares, Coinbase, Commonwealth Fusion Systems, Neuralink, OpenAI, Patreon, Ring (Amazon), ScaleAI, SolarCity (Tesla), SpaceX, Stripe, Tesla, Twitter, and Unity. DFJ Growth is a fearless investor and steadfast partner to founders who imagine the future and execute on their bold visions to define it.

 

 

About Northzone

 

 

Northzone is a global venture capital fund built on experience spanning multiple economic and disruptive technology cycles. Founded in 1996, Northzone has raised more than ten funds to date, with its most recent fundraise in excess of $1.2 billion and has invested in more than 175 companies, including category-defining businesses such as Trustpilot, Spotify, Klarna, iZettle, Kahoot!, Personio, TrueLayer, Spring Health, and Zopa.

 

 

Northzone is a full-stack investor from Seed to Growth stage, with transatlantic hubs out of London, New York, Amsterdam, Berlin, Stockholm and Oslo.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260318258057/en/

 

Business Wire India

 

Backing Every Business initiative pairs founders with mentorship, grants and AI-powered technology – because no small business owner should build alone.

 

Eva Longoria is ready to be your “business twin;” entrepreneurs worldwide can apply to be mentored directly by her. Applications are open now.

 

Lenovo today launches Backing Every Business, a new global initiative designed to close the support gap facing small businesses. In partnership with actress, entrepreneur and investor Eva Longoria, founders around the world can apply for grant funding, AI-enabled technology and one-to-one mentorship, including from Longoria herself.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260317068350/en/

 

 

 

Small and medium-sized businesses fuel the world’s economy, representing approximately 90% of all businesses, 70% of employees and 50% of global GDP, according to the World Economic Forum. Their impact is anything but small, yet many founders struggle to access the capital, technology and strategic guidance needed to thrive. Backing Every Business aims to change that by combining financial support, meaningful peer connection and cutting-edge AI-powered technology to help founders grow and scale with confidence.

 

 

At the heart of the initiative is a cross-border mentorship program called Twinning which pairs small business owners across industries and geographies for one-to-one collaboration. Grounded in a simple idea — a problem shared is a problem halved — Twinning matches entrepreneurs facing similar challenges, transforming isolation into collaboration and shared momentum. For a select group of participants, that twin will be Eva Longoria herself.

 

 

“Being an entrepreneur is one of the hardest, most daring things you can do,” said Eva Longoria, actress, producer, entrepreneur and Twinning global ambassador. “Every entrepreneur reaches moments where they wish they had someone who truly understands the weight of what they’re building. What I love about Backing Every Business is that it’s built on creating that connection and goes beyond providing technology. It brings people together around the world to share experiences, learn from one another and grow. When entrepreneurs feel supported, entire communities benefit.”

 

 

Longoria, whose business portfolio spans hospitality, media, sports ownership and philanthropy, joins the program as an ambassador and a fellow entrepreneur who understands firsthand the realities of scaling a business. Longoria will serve as a mentor to selected founders, becoming the “anchor twin” in a global network built on shared ambition and lived experience.

 

 

While many small business programs offer funding or networking opportunities, Backing Every Business uniquely combines global peer-to-peer mentorship with hands-on AI enablement. Beyond providing technology, the program will help founders use AI in practical ways that matter – saving time on paperwork, sharpening marketing tactics, understanding customers and making smarter decisions. Lenovo has spent decades building the tools businesses rely on every day and this initiative turns that experience into hands-on support for entrepreneurs who don’t have time to waste.

 

 

Small businesses can apply for the chance to be supported by Lenovo and receive their very own business twin. Selected participants will receive: a $10,000 grant, Lenovo AI-enabled technology, 1:1 mentorship with Eva Longoria and their very own business twin who understands the realities of building a business.

 

 

For founders ready to scale, adapt and grow, the message is simple: you could be Eva Longoria’s business twin.

 

 

Through Backing Every Business, Lenovo is building a global network where entrepreneurs gain the support, perspective and practical tools needed to succeed in an increasingly complex digital economy.

 

 

“With Lenovo, small businesses gain more than technology, they gain a partner who understands and is committed to their resilience, productivity and future. We empower ambition and help build a stronger global community,” said Emily Ketchen, Lenovo’s CMO & SVP for the Intelligent Devices Group and International Sales Markets. “Our Backing Every Business global initiative gives small businesses the tools to tackle an increasingly complex digital world, connections to drive lasting value and opportunities to learn and scale for long term success.”

 

 

Additionally, the company is expanding its support for small businesses at the local level through an initiative called The Growth Lab. This initiative convenes entrepreneurs in collaborative, locally led sessions featuring hands-on coaching, peer learning and AI-enabled tools designed to address real-world business challenges.

 

 

Backing Every Business builds on Lenovo’s long-standing commitment to small businesses and represents the evolution of its Evolve Small initiative in North America into a global platform, built for sustained impact. Through storytelling, mentorship and community engagement, Lenovo continues to reinforce its commitment to empowering entrepreneurs at every stage, everywhere.

 

 

Applications are now open to eligible small business owners in Japan, Mexico, United Kingdom and United States. Selected participants will be notified in May 2026. For more information on the official contest rules, FAQs, eligibility guidelines, program details or to apply, visit http://www.lenovo.com/backing-every-business.

 

 

About Lenovo

 

 

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion revenue Fortune Global 500 company serving customers in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that power (through devices and infrastructure) and empower (through solutions, services and software) millions of customers every day and together create a more inclusive, trustworthy and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com and read about the latest news via our StoryHub.

 

 

LENOVO is a trademark of Lenovo. ©2026 Lenovo Group Limited. All rights reserved.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317068350/en/

 

Business Wire India

 

• The agreement covers up to five assets, including SB36, a biosimilar candidate referencing Entyvio (vedolizumab), for collaboration of development and commercialization in global markets excluding China, Hong Kong, Taiwan, Macau, and Republic of Korea
• Samsung Bioepis continues to pave the way for access to life-changing medicines by advancing a biosimilar pipeline across immunology and oncology

 

Samsung Bioepis Co., Ltd. announced today that the company has entered into a global license, development and commercialization agreement (DCA) with Sandoz for up to five biosimilar candidates under development by Samsung Bioepis, including SB36, a biosimilar candidate referencing Entyvio¹ (vedolizumab). The other terms of the agreement remain confidential.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260318826412/en/

 

 

 

Under the terms of the agreement, Samsung Bioepis will be responsible for development, regulatory registration in key markets, and manufacture of the biosimilars, while Sandoz will be responsible for commercialization in global markets, excluding China, Hong Kong, Taiwan, Macau, and Republic of Korea.

 

“We are very pleased to expand our successful partnership with Sandoz and to secure commercialization agreement for multiple biosimilar assets that are in early-stage development. The agreement is a significant progress in improving access to biologic medicines for patients living with debilitating conditions, who have limited access to life-changing medicines,” said Kyung-Ah Kim, President and Chief Executive Officer, Samsung Bioepis. “At Samsung Bioepis, we will continue to demonstrate our enduring commitment to biosimilars by further strengthening our pipeline and widening their availability for patients and healthcare systems across the world.”

 

 

SB36, under pre-clinical development at Samsung Bioepis, references Entyvio (vedolizumab) which is indicated for the treatment of adult patients with Crohn’s disease, ulcerative colitis and pouchitis.²

 

 

The agreement builds on the global partnership between the two companies for PYZCHIVA^® (ustekinumab) established in September 2023. PYZCHIVA was first launched in Europe in July 2024 and in the United States in February 2025. In December 2025, the companies also signed an agreement for the commercialization of EPYSQLI™, a biosimilar to Soliris³ (eculizumab), for the Middle East and Africa region.

 

 

About Samsung Bioepis Co., Ltd.

 

 

Established in 2012, Samsung Bioepis is a biopharmaceutical company committed to realizing healthcare that is accessible to everyone. Through innovations in product development and a firm commitment to quality, Samsung Bioepis aims to become the world’s leading biopharmaceutical company. As a wholly owned subsidiary of Samsung Epis Holdings, Samsung Bioepis continues to advance a broad pipeline of biologic candidates that cover a spectrum of therapeutic areas, including immunology, oncology, ophthalmology, hematology, nephrology, endocrinology. For more information, please visit www.samsungbioepis.com and follow us on LinkedIn and X.

 

 

1	Entyvio is a registered trademark of Takeda Pharmaceuticals
2	European Medicines Agency (EMA). Entyvio. Summary of Product Characteristics. Available at: Entyvio, INN-vedolizumab. Last accessed March 2026
3	Soliris is a registered trademark of Alexion Pharmaceuticals

 

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260318826412/en/

 

Business Wire India

The Forum of Indian Food Importers (FIFI) international pavilion at AAHAR 2026 was inaugurated recently, highlighting global food and beverage innovations amid strong international participation at India’s premier agri food trade show.

The ceremony commenced with a meet-and-greet alongside Shri Piyush Goyal, Minister of Commerce & Industry, Government of India. Followed by the lighting of the ceremonial lamp and ribbon-cutting. Attendees included H.E. Mr. Christopher Cooter (High Commissioner of Canada), H.E. Mr. Philip Green OAM (High Commissioner of Australia), Mr. Uma Shankar Dhyani (Executive Director, FSSAI), Mark Birrell (Trade Counsellor for South Asia, British High Commission), and Mr. Manvesh Kumar (Director Imports, FSSAI).

Furthermore, specific country pavilions were inaugurated by their country leadership like H.E. Mr. Juan Angulo, Ambassador of Chile to India, H.E. Ms. Chavanart Thangsumphant, Ambassador of Thailand to India, Minister Marcos Sperandio, DCM of the Embassy of Brazil, Mr. Jason Meeks, Deputy Chief of Mission, USA, Mr. Pawel Stachowiak, Counsellor, Trade & Economic Affairs, European Union, Mr Juan Manuel, Counsellor Agriculture, Spain to India, and many others.

FIFI exhibitors received top awards for the best international pavilion at AAHAR 2026 finale: Brazil bagged gold, Australia silver, and Ashapura bronze, proving the unmatched strength of the FIFI international pavilion. 

Upon being asked, Mr. Amit Lohani, Founder Director of FIFI was quoted as saying, “One of the largest gatherings of industry leaders, luminaries, and key trade influencers brought together the entire fraternity of chefs, procurement managers, retailers, e-commerce players, GOI officials, importers, and more. The FIFI international pavilion’s grand success stemmed from the fact that every major industry leader stopped by our FIFI showcase, spread across Halls 1 and 2, to draw inspiration from this collaborative effort where East meets West and North meets South—both domestically and internationally.”

He was further noted commenting, “Participants hailed from as far as Chile on one end of the globe and Australia on the other. Brands from Europe, Canada, the USA, Southeast Asia, and Brazil, alongside several FIFI members, were the true jewels in FIFI’s crown, demonstrating much deeper penetration of world foods into Indian audiences.”

Business Wire India

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN, OR AT ANY ADDRESS IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT)) OR IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE “OFFER AND DISTRIBUTION RESTRICTIONS” BELOW).

 

SES Financing S.à r.l., a wholly owned subsidiary of SES, announced the successful launch and pricing of the PNC5.25 Subordinated Perpetual with Automatic Conversion Events (“SPACE”) hybrid transaction, guaranteed on a subordinated basis by SES and SES Americom.

 

 

SES Financing S.à r.l. is rated Ba1 (stable) and BBB- (stable) by Moody’s and Fitch respectively.

 

 

The hybrid securities are expected to be rated Ba3 and BB by Moody’s and Fitch respectively, 2 notches below SES’ Long-Term Rating.

 

 

The securities will bear a coupon of 7.375% per annum and callable at par from 24 March 2031.

 

 

Upon issuance, the securities are expected to receive 100% equity credit (Basket H) from Moody’s (if sub-investment grade) and 50% equity credit from Fitch until the first reset date.

 

 

SES intends to apply the net proceeds from this transaction to refinance the upcoming 2.875% NC26 hybrid notes (approximately €525 million outstanding) in line with SES’s deleveraging and balance‑sheet strengthening objectives.

 

 

BBVA, Goldman Sachs International and J.P. Morgan acted as Joint Global Coordinators and Joint Bookrunners, together with Citi, Deutsche Bank, HSBC and Société Générale as Joint Bookrunners.

 

 

The settlement is scheduled for 24 March 2026 and application has been made for the Securities to be listed on the Luxembourg Stock Exchange’s Euro MTF market.

 

 

Lisa Pataki, the CFO of SES commented: “We are pleased with the strong investor demand for our new SPACE Hybrid Bonds, reflected in 5 times oversubscribed order book and quality of support across the investor base. This new PNC5.25 of €650 million SPACE hybrid benefits from an innovative structure, achieving 100% Moody’s equity credit, providing a balanced solution between credit reinforcement and capital efficiency. This instrument allows us to strengthen our balance sheet and leverage reduction targets as well as preserve liquidity headroom and address near-term maturities.”

 

 

Forward-looking Statements

 

 

This press release contains certain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “expected to”, “shall”, and “will”.

 

 

Forward-looking statements are not assurances of future performance and are subject to inherent uncertainties and risks that are difficult to predict. Factors that might cause such a difference include those discussed in our filings with the US Securities and Exchange Commission, including our Form F-4, such as risks relating to indebtedness and credit rating downgrades; ability of the group to service indebtedness; and adverse effects of failing to meet debt service obligations. The forward-looking statements included in this press release are made only as of the date hereof and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317153147/en/

 

Business Wire India

Rimini Street, Inc. (Nasdaq: RMNI), the Software Support and Agentic AI ERP Company™, and the leading third-party support provider for Oracle, SAP and VMware software, today announced Lwart Environmental Solutions, one of the world’s leading oil re-refineries and industrial sustainability organizations, has expanded its long-time partnership with Rimini Street.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260317697393/en/

 

 

 

By switching to Rimini Street for SAP and VMware support, Lwart has taken direct control of its software licensing, upgrade and technology roadmap decisions, eliminating vendor-driven timelines and cost escalation. The move improves support responsiveness, lowers operating costs and allows Lwart’s IT organization to operate its core systems on its own terms – freeing capacity to focus on operational improvements and long-term innovation.

 

Nearly a Decade of Trusted Support Delivering Stability and Cost Control

 

 

Lwart operates one of the most sophisticated circular-economy oil recovery ecosystems globally, with the capacity to process 240 million liters of used oil annually across more than half of Brazil’s municipalities. Its SAP and VMware systems underpin nationwide logistics and operations for 1,100 users, including 540 mobile-connected truck drivers who rely on SAP systems to log oil collection and payment across 3,700 municipalities in Brazil.

 

 

Lwart first turned to Rimini Street when economic pressures in Brazil demanded a closer look at reducing IT costs without compromising system reliability. SAP systems are mission-critical to Lwart’s operations, where downtime would immediately disrupt oil collection nationwide. Following a comprehensive evaluation of expected service quality, value, expertise and reliability, Lwart made the decision to switch from vendor support to Rimini Support™ for SAP.

 

 

“We’ve had nothing but good experiences since we moved our support for SAP to Rimini Street,” said Jefferson Andriotti, head of IT and procurement, Lwart Environmental Solutions. “With my SAP ECC 6 stabilized, secured and performing optimally with Rimini Support™, I no longer have to worry about constantly upgrading or migrating to a new version of SAP as some of my peers do. Rimini Street makes it possible for me to focus my team’s attention on the needs of our customers, partners and the future of Lwart instead of unnecessary disruption.”

 

 

Lwart Eases VMware Licensing Pressures with Rimini Support™ for VMware

 

 

Lwart’s decision to expand its relationship with Rimini Street was accelerated by significant changes to VMware licensing following Broadcom’s acquisition – changes that would have nearly tripled costs.

 

 

“Either we would need to absorb a massive increase in licensing costs with Broadcom or pursue alternate paths,” Andriotti said. “We looked at moving to Nutanix or Citrix, but because Rimini Street had done so well with our SAP support, we thought, ‘Why not use them for VMware too?’”

 

 

Building on a trusted partnership with confidence in Rimini Street’s vendor-agnostic support model, Lwart selected Rimini Support™ for VMware, delivered under Rimini Custom™, which provides third-party support and managed services across a broad range of enterprise software, including end-of-life systems. Rimini Support for VMware is helping Lwart reduce maintenance costs, receive higher quality support for its critical systems and avoid forced upgrades just to remain fully supported.

 

 

Additional Rimini Street benefits include:

 

 

• Guaranteed 10-minute response time for priority cases, delivered on average in less than 2 minutes, 24/7/365 global coverage with frequent cadence of communications updates until resolution
• Rimini Protect™ for Advanced Hypervisor Security (AHS) Powered by Vali Cyber^® to help defend against ransomware and other common malware-based attacks
• Root cause analysis to help prevent future issues
• Perpetual license support without required upgrades or migrations

 

 

Cost savings fuel business process innovation at Lwart

 

The expanded partnership ensures high availability and operational stability across Lwart’s SAP and VMware systems while significantly reducing ongoing IT overhead costs. With routine maintenance demands expertly covered, Lwart’s IT team is now focused on modernizing processes that support its nationwide collection and logistics network.

 

 

“With Rimini Street, our SAP and VMware environments simply work,” Andriotti said. “That reliability gives us time to improve business processes and collaborate more closely with our innovation teams. We’ve found a partner we trust to keep our core systems running while we focus on where the business needs to go next.”

 

 

“Our long-standing partnership with Lwart Environmental Solutions is built on trust, collaboration and a shared commitment to results,” said Edenize Maron, general manager for the Americas at Rimini Street. “By delivering reliable, high-impact support for both SAP ERP and VMware virtualization environments, we help Lwart redirect people, time and money toward advancing the business. We’re proud to support their continued growth and leadership in circular-economy operations, and most importantly, to help support Lwart’s mission to preserve natural resources and create a more environmentally conscious world for all.”

 

 

Read the full story of how Lwart is keeping VMware and SAP running strong with Rimini Street.

 

 

Learn how Rimini Street gives IT leaders control over licensing decisions, upgrade timing and long-term platform strategy.

 

 

About Rimini Street, Inc.

 

 

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000^® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who have leveraged the Rimini Smart Path™ methodology to achieve better operational outcomes, billions of US dollars in savings and fund AI and other innovation.

 

 

To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.

 

 

Forward-Looking Statements

 

 

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “assume,” “believe,” “budget,” “continue,” “could,” “currently,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “goal,” “potential,” “predict,” “project,” “reflect,” “results,” “seem,” “seek,” “should,” “will,” “would” and other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to our ability to attract new clients or retain and/or sell additional products or services to existing clients; our ability to achieve and maintain an adequate rate of revenue growth; cost of revenue, including changes in costs associated with our efforts to grow and the results of any efforts to manage costs to align with current revenue expectations and the expansion of our offerings; the effects of increased intense competition in our industry and our ability to compete effectively; our ability to successfully educate the market regarding the advantages of our support and managed services for enterprise resource planning (ERP) software and to sell the products and services comprising our “Rimini Smart Path™” solutions portfolio, including but not limited to our Agentic AI ERP solutions; our intentions with respect to our pricing model and expectations of client savings relative to use of other providers; the evolution of the ERP software management and support landscape facing our clients and prospects; estimates of our total addressable market; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor-supplied software support and managed services; the effects of the efforts of enterprise software vendors to sell upgrades or migrations to cloud-based versions of their enterprise software on our results of operations; our ability to scale our operations quickly enough to meet our clients’ changing needs or decrease our costs adequately in response to changing client demand; risks arising from incorporating artificial intelligence (“AI”) technologies into our products or services or any deficiencies associated with AI technologies used by us or by our third-party vendors and service providers; our ability to maintain, protect, and enhance our brand; the continuing impact of and our ability to comply with the terms of our July 2025 settlement agreement with Oracle; our wind down of support services for Oracle PeopleSoft software products and the impact on future period revenue and costs incurred related to these efforts; the loss of one or more members of our management team and our ability to attract and retain additional qualified technical, sales and marketing personnel; our ability to expand our marketing and sales capabilities; our ability to avoid interruptions to, or degraded performance of, our services and the impact of any such interruptions or performance problems on our operations; our ability to defend against cybersecurity threats and to comply with data protection and privacy regulations; our expectations regarding new product offerings, innovation solutions, partnerships and alliance programs and our ability to develop and maintain strategic partnerships; our ability to expand internationally and the risks associated with global operations; the impact of macro-economic trends, including inflation and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; our ability to generate significant capital through our operations or to raise additional capital necessary to fund and expand our operations and invest in new services and products; our business plan and our ability to effectively secure and manage our growth and associated investments; risks relating to retention rates, including our ability to accurately forecast retention rates; our ability to protect our intellectual property; our ability to maintain an effective system of internal control over financial reporting; changes in laws or regulations, including tax laws or unfavorable outcomes of tax positions we take; tariff costs, including those imposed by the United States government and the potential for retaliatory trade measures by affected countries; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance (“ESG”) matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the volatility of our stock price; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; our ability to maintain our good standing with the United States government and international governments and capture new contracts with governmental entities/agencies; the occurrence of catastrophic events that may disrupt our business or that of our current and prospective clients; future acquisitions of, or investments in, complementary companies, products, subscriptions or technologies; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on February 19, 2026, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the U.S. Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

 

 

© 2026 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317697393/en/

 

Business Wire India

Secure Code Warrior today announced SCW Trust Agent: AI, the industry’s first governance solution designed to make AI influence in software development visible, attributable, and enforceable at the point of commit — enabling enterprises to scale AI coding tools with measurable control over software risk. For the first time, organizations can trace which AI models influenced specific commits, correlate that influence to vulnerability exposure, and take corrective action before insecure code reaches production.

 

AI-driven development is no longer experimental — it is embedded in daily workflows. According to Sonar’s 2026 State of Code Developer Survey, 72% of developers report using AI coding tools in their development processes every day.¹ Yet most enterprises lack visibility into how those tools influence production code — creating governance blind spots as development velocity accelerates. According to Gartner, by the end of this year, at least 80% of unauthorized AI transactions will result from internal policy violations rather than malicious attacks — underscoring the need for enforceable oversight inside development environments.²

 

 

Secure Code Warrior is defining AI software governance with SCW Trust Agent: AI. By embedding commit-level visibility and enforceable oversight into development workflows, the platform enables organizations to scale AI-driven development with measurable control over software risk while reinforcing secure coding behavior across both human and AI–generated code.

 

 

“SCW Trust Agent: AI provides organizations the quantitative pathway to effectively measure the risk posture of their development environment in the AI era, whether the contributing ‘developer’ is human or AI,” said Pieter Danhieux, co-founder and CEO, Secure Code Warrior. “Beginning with comprehensive observability and traceability of AI-generated coding, MCP and AI tool usage, SCW Trust Agent: AI creates a foundation for more effective, adaptive learning that hones in with precision on the most relevant areas and fundamentally changes behavior among development teams, offsetting the introduction of AI-enabled vulnerabilities over time.”

 

 

SCW Trust Agent: AI moves organizations beyond passive visibility into active, operational governance by connecting:

 

 

• AI Usage Visibility: Maintain a verifiable record of which LLMs — including sanctioned and “Shadow AI” models — influenced specific commits, supporting governance and audit requirements without storing source code or prompts.
• Proprietary LLM Security Benchmarking: Leverage Secure Code Warrior’s LLM security benchmark data to evaluate models and enforce approved AI usage policies based on measurable security performance.
• MCP Discovery and Supply Chain Insight: Track which Model Context Protocol (MCP) servers are installed and active to prevent AI agents from accessing sensitive internal tools or databases through unvetted or risky connections.
• Commit-Level Risk Correlation and Enforcement: Correlate developers’ skill sets (as measured by SCW Trust Score®) and their AI usage with vulnerability benchmarks to identify the risk level, and enforce policy before code reaches production.
• Adaptive Learning for the AI Era: Mitigate risk by correlating AI-generated code and contributor secure coding skill to automatically deliver the most relevant training to developers and more effectively build secure coding proficiency.

 

 

SCW Trust Agent: AI is available today to Secure Code Warrior customers. For more information on SCW Trust Agent: AI visit https://www.securecodewarrior.com/product/trust-agent-ai.

 

About Secure Code Warrior

 

 

Secure Code Warrior is a leader in AI software governance and developer security upskilling, enabling enterprises to control AI-driven software development across the SDLC. Built on a decade as the leading secure coding training platform, it delivers AI visibility, policy enforcement, and hands-on learning to prevent vulnerabilities and uplift software quality before production.

 

 

^[1]Sonar State of Code Developer Survey, 6, January 2026

 

 

^[2]Top Strategic Technology Trends for 2026: AI Security Platforms. 18, October 2025By Dennis Xu, Marissa Schmidt, Bart Willemsen, Gene Alvarez, Neil MacDonald, Kevin Schmidt

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317399993/en/

 

Business Wire India

Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has launched a photovoltaic-output photocoupler, “TLX9920”, in a thin, long-creepage-distance SO6L package, for solid state relays (SSR)^[1] in automotive equipment. Volume shipments start today.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260317428805/en/

Demand is growing for automotive equipment relay units with a longer life, a trend that has led to increased use of SSR instead of mechanical relays. As automotive systems continue to evolve, the shift to SSR is expected to accelerate further.

 

TLX9920 is suitable for use as a gate driver for the high-voltage power MOSFET used in SSR. Combined with a high-voltage power MOSFET, it can achieve high-voltage and high-current switching that is difficult with photorelays. As SSR have no physical contacts, unlike mechanical relays, contact wear and the need for regular maintenance are eliminated. TLX9920 also complies with AEC-Q101, the automotive electronic component reliability standard.

 

It is housed in an SO6L package with a creepage distance of over 8mm, which realizes high isolation voltage (BVs=5000Vrms). For example, the IEC 60664-12^[2] international standard requires a creepage distance of 5.6mm or more for application in environments with pollution degree 2 and an operating voltage of 400V or more. TLX9920 meets this requirement.

 

TLX9920 is suitable for application in high-voltage systems and harsh environmental conditions. It can be used in a wide range of switching applications in automotive equipment, energy storage systems (ESS) and industrial power equipment.

 

Toshiba will continue to contribute to building a safe and sustainable society by developing products for automotive and industrial equipment that enhance reliability and advance technological innovation.

 

Notes:
[1]	Semiconductor relays that are used to control high-power loads (heating elements, motors) with low-voltage signals. The primary (control) side and the secondary (switching) side are electrically isolated by an isolation barrier, which allows switching of circuits directly connected to AC lines, or switching between devices with different ground potentials.
[2]	The standard that specifies principles, requirements, and test methods for insulation coordination for systems up to AC 1000V or DC 1500V.

 

Applications

 

• Automotive equipment: Battery management systems (BMS), onboard chargers, inverters, etc.
• Industrial equipment: Energy storage systems (ESS)

 

Features

 

• Thin and long creepage package: SO6L (3.84×10.0×2.1 (mm))
• Long creepage distance: 8mm (min)
• High isolation voltage: BVS＝5000Vrms (min)
• Open voltage: VOC＝13.5V (min)
• Short-circuit current: ISC＝8μA (min)
• AEC-Q101 qualified

 

Main Specifications

 

(Unless otherwise specified, Ta=25℃)
Part Number				TLX9920
Discharge circuit				Integrated
Absolute maximum ratings	Operating temperature Topr (°C)			-40 to 125
Electrical characteristics	Input forward voltage VF (V)	IF=10mA	Min	1.5
			Typ.	1.65
			Max	1.8
Coupled electrical characteristics	Open voltage VOC (V)	IF=10mA	Min	13.5
	Short-circuit current ISC (μA)	IF=10mA	Min	8
	Trigger LED current IFT (mA)		Max	3
Switching characteristics	Turn-on time ton (ms)		Typ.	0.6
			Max	1.0
	Turn-off time toff (ms)		Typ.	0.1
			Max	1.0
Isolation characteristics	Isolation voltage BVS (Vrms)		Min	5000
Clearance distance (mm)			Min	8
Creepage distance (mm)			Min	8
Package	Name			SO6L
	Size (mm)		Typ.	3.84×10.0×2.1
Sample Check & Availability				Buy Online

 

Follow the link below for more on the new product.
TLX9920

 

Follow the link below for more on Toshiba’s isolators and solid state relays.
Isolators/Solid State Relays

 

To check availability of the new products at online distributors, visit:
TLX9920
Buy Online

 

* Company names, product names, and service names may be trademarks of their respective companies.
* Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.

 

About Toshiba Electronic Devices & Storage Corporation

 

Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products.

 

Its 17,000 employees around the world share a determination to maximize product value, and to promote close collaboration with customers in the co-creation of value and new markets. The company looks forward to building and to contributing to a better future for people everywhere.

 

Find out more at https://toshiba.semicon-storage.com/ap-en/top.html

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317428805/en/

 

Business Wire India

• Enables researchers worldwide to access high-quality ssDNA oligonucleotides within hours
• Establishes direct distribution networks across Latin America, Japan and South Korea

DNA Script, a pioneer in DNA synthesis providing scientists with rapid, on-demand access to high-quality DNA, today announced it has signed distribution agreements with Gencell, Bio-Medical Science Co. (BMS), and Biostream, expanding global access to the Company’s SYNTAX™ platform for decentralized, in-house and on-demand oligonucleotide production. Under the agreements, Gencell will distribute SYNTAX across Latin America, Bio-Medical Science will cover South Korea, and Biostream will support customers in Japan.

 

This expansion supports DNA Script’s strategy to broaden global adoption of SYNTAX and enable researchers located far from major oligonucleotide production hubs in Europe and the United States to access DNA more quickly and reliably. Each distributor is an established life and health sciences company with strong regional networks, enabling local access to DNA synthesis capabilities without reliance on overseas manufacturing.

 

Oligonucleotides are a critical input for a wide range of applications, but researchers located far from large-scale synthesis centers face project delays due to long delivery times or logistical constraints. DNA Script’s automated, benchtop SYNTAX platform addresses these challenges by enabling researchers to synthesize ssDNA oligonucleotides directly within the lab in only few hours, shifting the model from centralized supply chains to local DNA production and ensuring geography does not determine scientific speed.

 

Marc Montserrat, Chief Executive Officer, DNA Script, commented:“We’re excited to enter these new partnerships as part of our strategy to scale global accessibility and availability of ssDNA oligos, making them available to researchers anywhere in the world. These distributor agreements expand global access to the platform, support the Company’s continued growth, and enable researchers to access oligonucleotides more quickly and reliably, regardless of location.”

 

Fabio Andrés Zapata, CEO of Gencell, said: “This alliance represents a fundamental step toward accelerating innovation in Latin America. By bringing technologies like SYNTAX closer to researchers in the region, we help reduce development times and drive local biomanufacturing. We are proud to strengthen the region’s scientific and technological capabilities, positioning Latin America as an increasingly competitive player in global science and biotechnology.”

 

Dukhyun Lim, Vice President of Bio-Medical Science, BMS, commented:“SYNTAX offers researchers greater control and speed in oligonucleotide production, enabling increased independence and control over project workflows, and we are pleased to support its availability in South Korea.”

 

Iwabuchi Takeshi, President of BioStream Co., added: “This partnership strengthens our ability to deliver advanced life sciences technologies throughout Japan, helping customers reduce dependence on overseas synthesis and long delivery timelines.”

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317004585/en/

 

Business Wire India

Walton Global (“Walton”), a leading real estate investment, land banking and land asset management company, announces the launch of the U.S. Land Income & Growth Fund for offshore investors. The fund is a private investment vehicle focused on income generation and long-term capital appreciation through U.S. residential land aimed at resolving the housing supply imbalance across the country.

 

The fund completed its first close in October 2025 and is structured for international investors, seeking exposure to U.S. real assets. The launch follows Walton Global’s earlier introductions of a publicly offered fund in Japan and a registered investment vehicle in Hong Kong, reflecting continued overseas demand for U.S. land-backed strategies.

 

 

The hybrid strategy provides short- to mid-term financing to large national U.S. homebuilders in positions that are secured by first-lien interests in residential land, with the land title held as collateral, generating income from interest payments. At the same time, the fund acquires pre-development residential land in U.S. metropolitan areas characterized by population growth, housing undersupply, and sustained homebuilder demand

 

 

“The fund is intended for institutional and high-net-worth investors seeking stable income and long-term growth through U.S. real asset exposure,” said Tim Haywood, Managing Director, Middle East at Walton Global. “Walton Global has decades of experience identifying assets that are positioned for value creation through entitlement progress and eventual sale to builders.”

 

 

The strategy is designed for earlier opportunities in the housing value chain, where capital is secured by land rather than finished housing or consumer demand. For international investors, U.S. residential land offers exposure to long-term housing demand with a structure that emphasizes asset backing and capital discipline. The focus on land-secured positions is intended to limit reliance on leverage or market timing, which has become a priority for investors amid ongoing market volatility.

 

 

The fund has been certified as Shariah-compliant by Masryef Advisory, expanding access for investors with Islamic finance and ethical investment mandates that require tangible, asset-backed structures.

 

 

The U.S. Land Income & Growth Fund is available to qualified investors through multiple global investment platforms including: Swissquote, Moventum, Capital Platforms, Momentum, Capital International Group, Universal Platform, Veri-Global, and Veritas Life.

 

 

Additionally, the fund is registered in the Cayman Islands and regulated by the Cayman Islands Monetary Authority and is managed by U.S. Land Manager (BVI) Limited, an affiliate of Walton’s parent company, with Walton Global Holdings, LLC responsible for sourcing, structuring, and managing land-related activities.

 

 

About Walton Global

 

 

Walton Global is a privately-owned, leading land asset management and global real estate investment company with more than 85,000 acres of land under ownership, management and administration in the United States and Canada, totaling $4.54 billion. With more than 47 years of experience, Walton has a proven track record of land investment projects within the path of growth in the fastest-growing metropolitan areas. A total of $2.96 billion has been distributed to over 87,000 investors located in 91 countries. The company works closely with top U.S. home builders, developers and industry partners. Business lines include fixed-income products, builder land financing, development projects, DST offerings, and various fund structures. For more information, visit walton.com.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317157482/en/