Radiflow’s CIARA 4.0 Delivers Actionable Insights to Simplify the Management of OT Cyber Risk at Industrial Facilities

Ilan Barda, Founder and CEO of Radiflow

CIARA V4.0 boosts compliance with security regulations and best practices while providing effective mitigation guidance. “CISOs are doing more with less, making it challenging to understand their current standing across the OT Cybersecurity landscape,” said Ilan Barda, Radiflow CEO, and Co-founder.

Tel Aviv, Israel, June 6, 2023 – Radiflow, creators of the award-winning OT cybersecurity platform, CIARA, announced the general availability of CIARA 4.0. This release introduces a leading benchmark tool as well as delivers actionable insights for managing and minimizing risk in large multi-site industrial facilities.

Today, CISOs and security teams are responsible for the cybersecurity of OT facilities. However, they lack the ability to evaluate the ever-changing cybersecurity risks to their operations. Unlike other sectors, they can not easily assess risk exposure or the effectiveness of specific security activities. To address this, Radiflow released CIARA 4.0, a data-driven platform that continuously monitors changes in the site topology as well as vulnerabilities and threats, always re-evaluating the risk posture of facilities and their digital components. This continuous monitoring enables the CISO to review the strategic and tactical OT security plans and adapt them if needed.

In order to further assist the CISO with the evaluation of their risk posture, Radiflow is introducing a  new free-to-use cloud benchmark tool. Utilizing collected industry-specific benchmark information based on Radiflow’s vast experience and enriched with CS2AI surveys, the new benchmark tool provides the user with a quick risk posture assessment compared to the industry status and best practices.

“CISOs are under enormous pressure to do more with less, making it challenging to understand their current standing across the OT Cybersecurity landscape,” said Ilan Barda, Radiflow CEO, and Co-founder. “Data-driven CIARA 4.0 automates the delivery of the necessary insights concerning the changes in the risk posture that actually direct users toward optimal security actions.”

At the same time that threat actors are getting more sophisticated and vulnerabilities are becoming more diverse, national and industrial regulatory bodies are tightening cybersecurity regulations. But these are often highly complicated and challenging. For example, while the widely accepted IEC62443 international series of standards provides a detailed map of security controls, it is often too complex for companies to understand and implement. For these situations, CIARA 4.0 delivers a view of Best Practices of Security Controls which are simpler to understand and map better to the planning of security projects in an individual factory or across a sprawling, geographically diverse complex of interlinked facilities.

“A centralized, highly intelligent solution that enables OT cybersecurity teams to identify vulnerabilities, and stay up to date with industry standards and/or best practices, while prioritizing and evaluating mitigation efforts, slashes the investment in time and effort required to conduct secure operations,” explained Michael Langer, Radiflow’s Chief Product Officer. “With the accelerating pace of so many new devices being interconnected via expanding OT networks alongside decades of legacy versions, CIARA 4.0’s ability to automate accurate risk analyses and furnish actionable insights becomes vital for ensuring zero downtime.”

Cigniti Technologies Digital Engineering Services (DES) Appraised at CMMI® Development V2.0 Maturity Level 3

Cigniti Technologies Digital

Mumbai,2nd June 2023 Cigniti Technologies Limited, the world’s leading AI & IP-led Digital Assurance and Digital Engineering Services company, has been appraised at CMMI® Development V2.0 Maturity Level 3 for its Digital Engineering Services. This significant milestone reinforces Cigniti’s commitment to excellence and sets new standard in the field of digital engineering.

The Capability Maturity Model Integration (CMMI) is an internationally recognized framework that assesses an organization’s maturity and capability in various process areas. The Level 3 appraisal showcases Cigniti’s establishment of robust and standardized processes for managing and delivering digital engineering services, ensuring consistent quality and efficiency in its offerings. This certification is in addition to the existing CMMI-SVC V2.0 Maturity Level 5 certification for Cigniti’s software testing services.

Acknowledging the achievement, Srikanth Chakkilam, CEO of Cigniti, said, “We are happy to have achieved the CMMI Development V2.0 Maturity Level 3 appraisal for our Digital Engineering Services. This achievement is aligned with our mission to become a $1 Billion company. It lays a strong path to help increase the confidence of our customers in our ability to offer world-class digital engineering services on top of our existing market leading digital assurance services. We remain committed to leveraging our standardized processes and industry best practices to drive exceptional value for our clients and fuel our continued success. This is a firm step towards marching ahead in achieving our stated goals of growth and being a preferred partner of choice in helping customers accelerate their digital journeys.”

“This certification is a testament to our internal processes and reflects our dedication to meeting and exceeding client expectations. The CMMI Development V2.0 Maturity Level 3 certification benefits our clients by assuring them of our commitment to quality. It provides a more systematic, innovative, robust project management framework and risk-aware approach to project delivery. This certificate also serves as tangible proof of our competence to consistently deliver excellence, empowering our clients with the assurance that they are partnering with a trusted organization for their digital engineering requirements,” said Raghuram Krovvidy, Chief Delivery Officer, Cigniti Technologies.

Mr. Rajiv Shetye, the first SEI-authorized lead assessor in India for the CMMI, performed the appraisal using the latest version of CMMI Development Model V2.0. The appraisal evaluated various aspects of Cigniti’s digital engineering services, including requirements management, planning, technical solution, risk & opportunity management, and quality assurance.

Happiest Minds Technologies honored with STPI Exports & Excellence Awards 2021-22

Happiest Minds Technologies honored

India,19th May 2023 Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital . Born Agile’, Mindful IT Company, today announced that it has been conferred with the Software Technology Parks of India (STPI) Exports & Excellence Special Jury Award Promising Debutant Indian Category. The award is presented in recognition of contributions made by the STP/IT units in exports, employment generation, innovation, and boosting the overall economy and prosperity of the State of Odisha. The award ceremony was organized by STPI, part of Transforming Odisha Conclave 2023, the Economic Times & co-hosted by the E & IT Department, Government of Odisha, on May 11, 2023, at Hotel Taj Vivanta, Bhubaneswar.

STPI, an autonomous society under the Ministry of Electronics and Information Technology, Govt. of India, has been set up with a distinct focus on boosting Software export from the country. STPI-Bhubaneswar has played a seminal role in promoting IT/ITeS exports from the region by boosting tech entrepreneurship and creating employment opportunities for the local youth. STPI-Bhubaneswar was set up in 1990 and has operational centers at Berhampur, Rourkela, Patna, Ranchi, and Deoghar.

Mr. Venkatraman Narayanan, MD & CFO, Happiest Minds Technologies, said, “We are excited to receive the STPI Exports & Excellence Awards within the first year of starting operations in the State. Odisha is a regional tech hub with a large talent pool, supported by a business-friendly Government, making it a preferred location for us.”

In 2022, Happiest Minds announced its expansion plans in Odisha with a new software Development Centre at Fortune Towers in Bhubaneswar, taking forward its long-term investment plans for further expansion in the state in alignment with the Make in Odisha focus of the state government.

Designed for perpetuity, Happiest Minds is recognized among India’s Top 10 ‘India’s Best Workplaces™ in Health and Wellness 2022, and Top 50 India’s Best Workplaces for Building a Culture of Innovation by All™ 2023 by the Great Place to Work® Institute. The company has also won the prestigious Golden Peacock Award for Excellence in Corporate Governance 2022.

Krones expands its capabilities in process technology with the acquisition of US company Ampco Pumps

Krones expands its capabilities in process technology

On 22 April 2023, Krones signed an agreement to acquire 90% of Ampco Pumps Company LLC (Ampco Pumps). Based in Wisconsin, USA, Ampco Pumps is supplying sanitary pumps and applied products like mixing and blending equipment to the food, beverage, dairy processing, personal care, and pharmaceutical markets. The company has more than 70 years of history in the pump market and is a key player for sanitary pumps in the US food and beverage market.

In the 2022 fiscal year, Ampco Pumps generated a workforce of more than 130 employees and revenue of approx. US$50 million and a high EBITDA margin. The transaction will increase the profitability margin of the “Process Technology” segment as well as the group margin of Krones. Current Ampco management will remain and will continue to hold 10% of the shares of Ampco. Krones has the option to buy the 10% of the shares in the future.

The acquisition of Ampco Pumps is a major step in expanding the components business of Krones Processing. With Ampco Pumps and Evoguard Valve Technology Krones has now a broad portfolio of all key components for the processing technology market. In addition, the businesses of the two companies complement each other perfectly in regional terms.

The transaction is subject to approval under the relevant antitrust legislation. Krones expects the transaction to be completed (closing) within the first half of 2023. As of the closing date, Krones will consolidate the figures of Ampco Pumps in the “Process Technology” segment.

CoinSwitch ties up with Jump.trade for Metaverse–led advertising with Digital Lands

JT X CoinSwitch

Asia, 18 April, 2023: Jump.trade, the flagship NFT marketplace of the 360° digital collectible technology enablement platform GuardianLink, announced its partnership with CoinSwitch, India’s largest crypto investing platform. CoinSwitch has entered into this partnership with Jump.trade through a unique proposition for brands to advertise in the Web3 space in the upcoming game by Jump.trade, RADDX Racing Metaverse.

Jump.trade announced the launch of its first racing game RADDX Racing Metaverse earlier this year, and its pre-booking of the RADDX Racing Metaverse NFTs has met with massive success. The game metaverse also opened opportunities for brands and individuals to purchase virtual real estate elements within the game that can be used for commercial purposes like advertising, event-hosting, and a lot more.

Brands like Flipkart and Thoughtworks have already expressed their interest in purchasing Digital Lands NFTs in RADDX Racing Metaverse. At this juncture, CoinSwitch, has also entered into a partnership with Jump.trade This goes in line with the endeavors of CoinSwitch to be an enabler of Web3 innovation in India.

The partnership between Jump.trade and CoinSwitch also shows how Indian brands in the Web3 space have strived to create a symbiosis between each other, so the overall positioning of India in this emerging technology can be strengthened. It is to be noted that Jump.trade, in the last week, surpassed brands like OpenSea to become the number one NFT marketplace on the Polygon Network.

Speaking of this partnership, Kameshwaran Elangovan, COO, Jump.trade said, “The purchase of Digital Lands by CoinSwitch shows how crypto brands, especially in the subcontinent, are getting into the NFT/Web3 space to expand their presence. This is a healthy show of how crypto and NFT brands can work with each other helping Web3 adoption and penetration in India!”

Swati Pincha, Head of Growth, CoinSwitch, added, “An essential principle of growth marketing is to meet users where they are. That is why the metaverse is quickly becoming a must-explore frontier. It is an interactive, collaborative online world that allows people to create, explore, and connect in previously impossible ways. We are thrilled to be part of this innovation wave and associate with RADDX Racing Metaverse. It is exciting to be part of an initiative that blurs the lines between physical and virtual realities, and we can’t wait to see where this immersive journey takes us.”

RADDX Racing Metaverse is to be an engaging and immersive game with elements like cop chases and high-octane races. The Digital Lands is likely to revolutionize advertising as the metaverse will be one of the most prominent hang-out joints, especially for the Gen-Z audience. This would mean that games like RADDX Racing Metaverse are ideal spaces for brands that would like to reach the newer segment of their target audience. CoinSwitch getting into this space proves that it is not only the traditionally rooted brands but even new-age business brands like crypto investing platforms can also capitalize on Web3 advertising.