PROCUREMENT & SUPPLY CHAIN
NASCENT Technology | February 03, 2022
Firmament, a provider of structured equity capital solutions to small- and medium-sized enterprises (SMEs), announced its investment in NASCENT Technology, a leading manufacturer of Automated Gate Systems (AGS), software and systems integration for the supply chain, including rail, marine terminals, manufacturing and distribution centers, as well as the private and for-hire carrier market.
The acquisition of NASCENT is a continuation of Firmament's longstanding commitment to investing in the supply chain. NASCENT is the worldwide leader and pioneer of fully integrated, scalable hardware and software for automated gates, portals, and kiosks as well as safety and security monitoring equipment. NASCENT celebrated its 26th anniversary in January and has played an instrumental role in accelerating and transforming gate and portal processes in the intermodal industry. Ted Wong, Principal at Firmament, remarked, "Our investment will allow NASCENT to invest in its suite of best-in-class technology solutions and to service its growing customer footprint during a time of unprecedented demand for improved visibility and control within the supply chain. We value the opportunity to be part of the solution for the current supply chain challenges."
NASCENT will also benefit from strategic partnership with Firmament's portfolio company, Envase Technologies, the largest and most innovative cloud-based Transportation Management System (TMS) provider for intermodal and drayage operators in North America. Since 2020, Envase's portfolio of brands has grown to include Profit Tools, Compcare Services, Tailwind Transportation Software, SecurSpace, and Infosite Technologies. The integration of data and the resulting real-time visibility from intermodal and drayage operators on-the-go through to terminals and facilities in the NASCENT footprint offer customers and partners an unmatched value proposition.
"The NASCENT team is excited by Firmament's investment and what the future holds. Firmament's knowledge and expertise within the supply chain industry will enable us to support our growing customer base and their evolving technology needs. Furthermore, our customers in the intermodal and drayage industry will greatly benefit from the strategic partnership with Envase, We are eager to leverage our technologies and teams in ways that will help our customers move freight more efficiently and securely through ports, rails, yards, warehouses, and end destinations with complete visibility."
-Ray West, President and CEO of NASCENT.
Larry Cuddy, Jr., CEO of Envase Technologies, commented, NASCENT's market-leading technology and expertise aligns perfectly with Envase's goal to revolutionize and digitize the end-to-end lifecycle of containers. With this strategic partnership, NASCENT and Envase have a significant opportunity for technological innovation within the intermodal industry and international growth and expansion.
About NASCENT Technology
NASCENT Technology (www.nascent.com) is the worldwide leader and pioneer in the development, manufacture, installation, and service of fully integrated, scalable hardware and software for gates, kiosks, safety, and security monitoring equipment. As one of the pioneers of Automated Gate Systems (AGS) to the industry, NASCENT has consistently led the way in new technology-based solutions, providing several innovations and industry firsts. Backed by unrivaled engineering, assembly, software development, QA, and support organizations, NASCENT continues to draw on its vast industry experience and keen focus on supply chain operations to provide unparalleled solutions.
Envase (www.envasetechnologies.com) provides mission-critical, cloud-based transportation management system (TMS) enterprise software and mobile applications to the supply chain, with a core focus on the drayage trucking niche. The software merges order entry, dispatch, container tracking, electronic data interchange (EDI), API connectivity, document imaging, invoicing, settlements, and business intelligence, among other functions, into a single, streamlined system providing carrier efficiencies and container visibility over the supply chain.
Firmament (www.firmament.com) provides structured equity capital solutions to small- and medium-sized enterprises. Firmament is a value-added partner to entrepreneurs, management teams and business owners and curates solutions by deploying versatile capital in a user-friendly way. Firmament concentrates on software and services businesses with significant scaling potential in the healthcare, logistics, wellness and environmental sectors. With offices across the United States and in the United Kingdom, Firmament is focused on turning small business into big business.
HighByte | January 14, 2022
HighByte®, an industrial software company, announced that it has been selected as the winner of the "Smart Manufacturing Company of the Year" award in the 6th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, products, and people in the global Internet-of-Things (IoT) market.HighByte builds "breakthrough" software solutions that solve the data architecture and integration challenges experienced when scaling Industrial IoT (IIoT) initiatives. HighByte developed the first DataOps solution, HighByte Intelligence Hub, that enables manufacturers to merge, prepare, and deliver modeled industrial data to and from IT systems without writing or maintaining code. With the Intelligence Hub, users can speed system integration time, rapidly leverage contextualized data for analytics, AI, and ML applications, and govern data standards across the enterprise for smart manufacturing.
"Early IIoT adopters recognized that industrial data created by connected machines, processes, and products on the plant floor contain critical insights, but the reality is that most users and systems do not have access to this data in real-time to convert it into useful information they can act on,The existing data infrastructure has simply not been able to keep up with the rapid growth of IIoT. HighByte is delivering breakthrough solutions that provide the modern data infrastructure to power today's IIoT. We want to congratulate HighByte for winning the 'Smart Manufacturing Company of the Year' award for transforming the way manufacturers think about and leverage industrial data."
-James Johnson, managing director at IoT Breakthrough
The mission of the IoT Breakthrough Awards program is to recognize the innovators, leaders, and visionaries from around the globe in a range of IoT categories, including Industrial and Enterprise IoT, Smart City technology, Connected Home and Home Automation, Connected Car, and many more. This year's program attracted more than 3,850 nominations from companies all over the world.
"We built HighByte from the ground up in response to the persistent data integration and interoperability challenges faced by manufacturers as they struggle to scale IIoT pilots into production,We are incredibly grateful for this recognition from IoT Breakthrough. We stand by our belief that contextualized and standardized data is essential for IIoT to reach broad adoption. This award shines a light on HighByte as we define and evangelize DataOps as a new category of software solutions in the industrial market."
-Tony Paine, HighByte CEO.
About IoT Breakthrough
Part of the Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the IoT Breakthrough Awards program is devoted to honoring excellence in Internet-of-Things technologies, services, companies and products. The IoT Breakthrough Awards program provides a forum for public recognition around the achievements of IoT companies and products in categories including Connected Home and Home Automation, Connected Car, Industrial IoT (IIoT) and Smart City, Consumer IoT and more. For more information visit IoTBreakthrough.com.HighByte is a registered trademark of HighByte, Inc.
SIGA | January 31, 2022
SIGA announces its European HQ in Luxembourg to rapidly scale SIGA's services for the cyber defence of national infrastructure and manufacturing facilities across Europe. SIGA will leverage its new Luxembourg office to expand its customer base and distribution networks with industrial automation and OT cybersecurity partners.
SIGA joined the House of DeepTech Roundtable with the Ministry of Economy of Luxembourg and Chief Information Security leaders in Europe last week to trade notes on best practices and lessons learned internationally.
"Moving beyond the network security layer to level zero is critical to the effective cyber risk governance of our manufacturing hubs and critical infrastructure. We welcome SIGA into Luxembourg and to accelerate the company's impact across the European Union."
-Francois Thill, Ministry of Economy, Director of Cybersecurity and Digital
The global cybersecurity market, valued at USD 183.34 billion in 2020, has a CAGR of 11.6% from 2021-to 2030. Analysts predict it to reach USD 539.78 billion by 2030 (Research and Markets, Oct 6, 2021). Luxembourg was a natural choice for SIGA's European headquarters, as it was recently voted second most inclusive economy globally and second in the world for market access and infrastructure.
The accelerating pace of cyber attacks on infrastructure poses greater public safety and economic risks to industry and the public and forces CISOs to anticipate a third-party risk. Accidents can be as catastrophic as attacks, as Chernobyl demonstrated so well. The high effectiveness of level zero detection of incipient attacks and accidents adds unique value to the cyber risk governance stack.
As for every system connected to the Internet, CISOs must adequately secure their industrial control systems. Yet industrial physical processes are often overlooked in this mission because they are tied to legacy mission-critical systems and depend heavily on low-level sensor/actuator infrastructure.
SIGA's mission in Europe is to expand its footprint to secure the integrity of critical OT processes by delivering AI-enhanced monitoring and in-depth operational situational awareness. SIGA's unique machine-learning-based solution is designed to monitor the most reliable level of process data within any operational environment, the physical layer, and detect anomalies that indicate cyberattacks or operational faults.
Through SIGA's Incipient Failure Detection solution, SigaGuard, the company mission is to secure the integrity of critical OT physical processes by delivering AI-enhanced monitoring and uncovering in-depth operational perception for secure, safe, productive & continuous operation. SIGA's technology incorporates a comprehensive process anomaly detection system that monitors critical assets using LEVEL 0 ICS electrical signals-based predictive analysis and artificial intelligence. It is an autonomous and intelligent "out-of-band" solution and cannot be hacked or manipulated.
"SIGA selected Luxembourg as our strategic gateway to the European Union. With the support of our partners at the House of DeepTech and the Ministry, we can accelerate our R&D development, investments, and commercial scale."
- Amir Samilioff, CEO of SIGA OT Solutions.
SIGA's investors include PureTerra Ventures, a Dutch fund that specialises in water and infrastructure investments, AWZ Ventures, SIBF, Moore Strategic Ventures, and a German electrical and control systems manufacturer, Phoenix Contact.
In collaboration with its global industrial automation partners, SIGA will build on its global footprint of energy, oil and gas, water utilities, data centres, and heavy industrial and manufacturing clients.
About SIGA OT Solutions
SIGA OT Solutions is an Israeli OT Cybersecurity company providing critical infrastructure and industrial assets cybersecurity protection services. SIGA's technology incorporates a comprehensive process anomaly detection system that monitors critical assets using LEVEL 0 ICS electrical signals-based AI. https://www.sigasec.com
OFS | June 14, 2022
Fiber Connect 2022, Booth 205 - OFS is pleased to announce the introduction of its on-demand building installation system, the MDU!Click Solution, to the North American Market. The MDU!Click Solution allows developers to minimize the initial build cost and time of FTTx MDU networks, with an easy upgrade path when more users come on-line, by offering installers on-demand expansion of ports for new users and flexible deployment for new and existing multiple dwelling unit (MDU) buildouts.
The MDU!Click Solution facilitates installation in congested environments with a compact design that does not require specialized labor or special tools. It provides flexibility through modular plug-and-play modules, allowing the installation of splitters on demand, plus the possibility of expanding the optical network design in buildings without additional fusion splicing requirements.
The SlimBox® Flex unit supports the drop-off of one fiber by mid-spanning a riser cable, such as the M-Pack® Backbone Cable or AccuMax® Cable, offering the capability to support the initial user promptly. Once additional users are ready to connect, the SlimBox Flex Splitter Module can be "clicked" into place without splicing or field termination, providing ready port availability for up to 8 users.
EZ-Bend® Drop Cable can be run from the SlimBox Flex Module to each user through the overhead ceiling, and with an industry-leading 2.5 mm bend radius, get around tight corners and minimize installation care required. Alternatively, drops can be run in open hallways or along the molding to the using the InvisiLight® Solution.
This solution allows developers to invest on demand, in a cost-effective way, to meet the needs for simplification and flexibility in the construction of FTTx networks.
OFS is a world-leading designer, manufacturer and provider of optical fiber, fiber optic cable, connectivity, fiber-to-the-subscriber (FTTx) and specialty fiber optic products. We put our development and manufacturing resources to work creating solutions for applications in such areas as telecommunications, medicine, industrial networking, sensing, aerospace, defense, and energy. We provide reliable, cost-effective fiber optic solutions that help our customers meet the needs of consumers and businesses today and into the future.