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Yuenglings Ice Cream Corp (OTC YCRM) Is Now Frequency Holdings Inc (OTC FRQN) as Strategic Evolution Takes Hold
Globenewswire· 2025-07-31 12:30
Core Viewpoint - Frequency Holdings Inc has transitioned from Yuenglings Ice Cream Corp to a multi-brand technology holding company focused on cybersecurity, AI, and digital identity, marking a significant strategic shift [1][3][4] Group 1: Company Structure and Strategy - Frequency Holdings is modeled after Berkshire Hathaway and Alphabet, with subsidiaries operating independently while benefiting from shared strategic leadership [2] - The flagship operating company, ReachOut, is acquiring and scaling cybersecurity-focused managed service providers (MSPs) across the US [2] - The company aims to unveil additional ventures in decentralized identity and artificial intelligence in the coming quarters [1][4] Group 2: Leadership and Vision - CEO Rick Jordan emphasizes that the name change represents a broader vision of building a platform that accommodates multiple companies, each with its own identity [3] - Kevin Harrington, a board member, supports the vision, highlighting the right timing and industry conditions for growth [3][6] - David Meltzer, another board member, expresses commitment to innovation and value creation within the company [3][8] Group 3: Company Background - Frequency Holdings is focused on high-growth ventures in cybersecurity, AI, digital identity, and IT infrastructure, with ReachOut as its lead operating brand [4] - The company previously operated under the name Yuenglings Ice Cream Corp and traded under the symbol YCRM, with the new name and symbol effective immediately [1][3]
Blue Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Share Rights, Commencing August 4, 2025
Prnewswire· 2025-07-31 11:25
Group 1 - Blue Acquisition Corp. will allow holders of units from its initial public offering to separately trade Class A ordinary shares and rights starting August 4, 2025 [1] - The Class A ordinary shares will trade under the symbol "BACC" and the rights under "BACCR" on the Nasdaq Global Market, while units not separated will continue to trade under "BACCU" [1] Group 2 - Blue Acquisition Corp. is a blank check company aimed at executing mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations [2] - The company intends to focus on business combination targets within manufacturing or data centers that align with green energy initiatives and sustainable practices, as well as software development in emerging technologies like AI, Cybersecurity, and energy management [2]
Mobilicom and ARK Electronics Launch Their First Joint Integrated Cybersecure Solution for Drones and Robotics Platforms
Globenewswire· 2025-07-31 11:00
Core Insights - Mobilicom and ARK Electronics have launched a new integrated product aimed at the small-sized drones market, which is projected to reach $11 billion by 2030 [1][4] - The product combines Mobilicom's cybersecurity solutions with ARK's drone technologies, ensuring compliance with NDAA and enhancing security for defense and commercial applications [2][4] - The partnership aims to develop additional products and expand into new markets, addressing a $6 billion market for mini and small-sized drones in 2025, with a projected CAGR of 12% [4][5] Company Overview - Mobilicom is a provider of cybersecurity and robust solutions for drones and robotics, with a portfolio that includes software, hardware, and professional services [7] - ARK Electronics specializes in made-in-the-USA drone electronics, focusing on advanced technologies such as autopilots and GPS systems [6] Market Potential - The small-sized drones market is expected to grow significantly, with a projected increase from $6 billion in 2025 to $11 billion by 2030, reflecting a compound annual growth rate (CAGR) of 12% [4][5] - The integrated solutions from Mobilicom and ARK are designed to meet key industry requirements, including advanced cybersecurity and modular systems for complex environments [5]
Best Antivirus for Mac (2025): Avast Named Top Malware Protection for Apple Users by Software Experts
Prnewswire· 2025-07-31 09:50
Core Insights - Avast Premium Security and Avast Ultimate have been recognized as the top malware protection products for Mac users by Software Experts in 2025, highlighting the increasing cybersecurity threats targeting Apple devices [1][8] Product Performance - Software Experts' analysis evaluated Avast's performance in four key areas: malware protection, usability, real-world effectiveness, and feature set, with Avast excelling in all categories [3][13] - Avast Premium Security offers essential protections against various threats, including viruses, spyware, ransomware, and phishing, with features like real-time malware detection and email scam filtering [4][9] New Features - Avast has introduced Scam Guardian Pro, an AI-powered feature in Avast Premium Security, which includes tools for real-time web content scanning, suspicious message guidance, and risky email flagging [5][8] Multi-Device Solutions - Avast Ultimate provides a comprehensive multi-device solution, including a VPN, device performance optimizer, and anti-tracking tools, compatible across Mac, Windows, Android, and iOS [6][10] Industry Recognition - Avast received the Best macOS Security Award from AV-Test in 2024 and was recognized as a Top-Rated Product by AV-Comparatives in 2023, indicating strong performance and user-friendly interface [7][8] Cybersecurity Landscape - The evolving nature of online threats necessitates supplemental software for Mac users, as traditional native protections may not suffice against phishing, browser hijacking, and targeted ad tracking [12][11] - The rise of hybrid work models and increased personal device usage emphasizes the need for reliable cybersecurity tools across all platforms, including macOS [11][12]
X @Ash Crypto
Ash Crypto· 2025-07-31 07:30
The rise of quantum computing presents a serious threat to Web3 security, making it essential to build strong foundations of digital trust and cybersecurity.Naoris Protocol (@NaorisProtocol) offers a solution built for this future.What is Naoris Protocol?Naoris Protocol is the world’s first Decentralized Post-Quantum Infrastructure, operating at the Sub-Zero Layer—a trust and security layer beneath Layer 0 to Layer 3 blockchains.🔑 Key Features:➡️ Fully compatible with EVM blockchains; no hard forks required ...
CGI(GIB) - 2025 Q3 - Earnings Call Transcript
2025-07-30 14:00
Financial Data and Key Metrics Changes - Revenue for Q3 2025 was reported at CAD 4.1 billion, an increase of 11.4% year-over-year, or 7% when excluding foreign exchange impacts [4][10] - Adjusted EBIT was CAD 666 million, up 10.5% year-over-year, with a margin of 16.3%, a slight decrease of 10 basis points [10] - Adjusted net earnings were CAD 470 million, an increase of CAD 30 million year-over-year, with a margin of 11.5% [10][11] - The company generated CAD 487 million in cash from operations, representing 11.9% of total revenue [11] Business Line Data and Key Metrics Changes - Revenue growth was primarily driven by business acquisitions and strong performance in the financial services sector, with constant currency revenue growth in financial services at 9.6% [5][6] - IP revenue represented 20.6% of total revenue, with growth in six of eight proximity segments [6] - Bookings in the quarter exceeded CAD 4 billion, resulting in a book-to-bill ratio of 101% [7][9] Market Data and Key Metrics Changes - North American operations grew by 7.4%, while European segments saw growth of 6.6% [5] - The Asia Pacific offshore delivery revenue increased by 6.4% [5] - The government sector showed strong demand with a Q3 book-to-bill ratio of 112% [16] Company Strategy and Development Direction - The company continues to focus on a "build and buy" profitable growth strategy, emphasizing capital deployment in line with this strategy [14][28] - CGI's strategic partnerships with large technology companies are yielding positive results, with bookings from these partnerships increasing by 120% year-over-year [40] - The company is actively pursuing mergers and acquisitions, with a robust pipeline of potential targets [27][55] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainties impacting client decision-making, particularly in Europe, but expressed optimism about future growth as tariffs stabilize [20][93] - There is a strong expectation for increased client spending in the financial services sector, with year-over-year bookings up by over CAD 400 million [15] - The company anticipates that the integration of recent acquisitions will enhance margins in the future [46] Other Important Information - CGI has CAD 2.7 billion in capital resources readily available for growth initiatives [13] - The Board of Directors approved a quarterly cash dividend of CAD 0.15 per share, payable on September 19, 2025 [12] Q&A Session Summary Question: Can you talk about organic growth in different segments? - Management indicated challenges in some areas due to tariffs but noted good organic growth in the financial sector, particularly in North America [34][36] Question: Can you provide insights on the partnership strategy? - The company has invested in partnerships with large technology firms, which is paying off with increased revenues [37][40] Question: What are the margin expansion strategies beyond restructuring? - Integration of recent acquisitions is expected to improve margins, particularly in the UK and U.S. [44][46] Question: How does CGI differentiate itself in vendor consolidation trends? - CGI's client-centric approach and willingness to co-invest in processes are key differentiators [48][51] Question: What is the outlook for acquisitions in the current environment? - Management remains optimistic about the acquisition environment, noting lower valuations and a robust pipeline of targets [55][56] Question: Is there a shift from cost-cutting to modernization in U.S. Federal government? - Management confirmed that discussions are shifting towards modernization and automation, moving beyond just cost-cutting [58][59] Question: Can you discuss the growth in the APAC business unit? - North America is a significant driver, with growing activities in Germany and India also contributing to growth [61][62] Question: How is CGI applying AI internally? - CGI is leveraging AI to improve productivity and deliver savings to clients, which is expected to increase headcount productivity [70][71] Question: What are CGI's priorities for IP beyond AI? - The company is embedding AI in various platforms, including ERP systems, and is seeing strong momentum in government sector IP [76][77]
Palo Alto Networks CEO on CyberArk acquisition: CyberArk is poised to disrupt this market
CNBC Television· 2025-07-30 13:56
Acquisition Overview - Palo Alto Networks is acquiring CyberArk in a deal worth approximately $25 billion [1] - The deal is composed of stock, allowing CyberArk shareholders to participate in the combined company's future [10] Strategic Rationale - Palo Alto Networks aims to create a comprehensive cybersecurity platform by integrating identity security [13] - The acquisition addresses the increasing threat of credential theft, which drives 88% of all brand server attacks, especially with the rise of AI [3] - CyberArk's identity security focus is viewed as a security problem, differentiating it from competitors who see it as a connectivity issue [18] - Palo Alto Networks believes it can accelerate the growth rate of CyberArk's identity platform [14] Synergies and Future Outlook - The combined entity expects to achieve top-line benefits through merged go-to-market capabilities and accelerated innovation [15] - Palo Alto Networks anticipates cybersecurity consolidation and believes scale is crucial, especially in the enterprise market where scale begins after $10 billion [12][13] - The company believes a billion-dollar entity should be part of a larger organization to deliver leverage and scale for high cash flow and margins [16]
Sainsbury's blames Visa card issues for online payment failure
Sky News· 2025-07-30 09:36
J Sainsbury, the supermarket chain, was on Wednesday racing to resolve an issue with the card payments giant Visa which was impacting customers' ability to pay for their online grocery orders. Sky News understands that Sainsbury's is working with Visa to address the issue after a number of shoppers reported that their card payments had failed. The retailer ruled out the possibility of a cyberattack and said its website and app were functioning normally, with no direct impact on customers. Money latest: The ...
Hackers leak thousands of photos and ID's in Tea app data breach
NBC News· 2025-07-30 03:37
Data Breach Incident - T app experienced a significant data breach, impacting approximately 72,000 images, including 13,000 verification selfies and government IDs [1] - Private direct messages were also compromised, leading to the disabling of that function [1] - The breach exposed user data due to the lack of encryption and protection in the app's earlier development stages [1] - A Google map allegedly showing user addresses and a website allowing rating of leaked selfies further exacerbated the situation [1] Company Response and Remediation - The breach primarily affected users who registered before February 2024 [2] - T app has engaged third-party cybersecurity experts to secure its systems and is working to contain the data spill [2] - T app stated that some legacy content was not migrated into the new fortified system, leading to unauthorized access to data stored before February 24th, 2024 [1]
X @Bloomberg
Bloomberg· 2025-07-29 23:12
Security Breach - Fermi National Accelerator Laboratory, a Department of Energy national lab, was attacked by hackers [1] - The attack exploited flaws in Microsoft's SharePoint software [1]