Tag Archives: Firm

Tech firm raises $118 million in virtual coin offer to fund blockchain phone
December 14, 2017 12:42 pm|Comments (0)

TEL AVIV (Reuters) – Swiss-Israeli technology firm Sirin Labs said on Thursday it had raised $ 118 million in an initial coin offering (ICO) to support the development of an open source blockchain smartphone.

Moshe Hogeg, co-founder and president of British-Israeli start-up, Sirin Labs AG, manufacturers of Solarin, a mobile device with unprecedented levels of technology and security, speaks during an interview with Reuters at their offices in Tel Aviv, Israel May 16, 2016. REUTERS/Amir Cohen TPX IMAGES OF THE DAY – S1BETHKDEGAB

ICOs allow startups founded on cryptocurrency technologies such as blockchain to quickly raise capital by issuing virtual tokens to investors.

Such offerings have become more common in the past year, but Europe’s top markets regulator warned last month they were “extremely risky and highly speculative investments.”

Sirin, which has recruited soccer superstar Lionel Messi to be its brand ambassador, said it had raised the money from 5,600 people globally within the first 24 hours and would continue the offering for another 12 days.

“These are our potential clients. We think they will be the first to buy the phones,” Moshe Hogeg, CEO and founder of Sirin, told reporters.

The ICO will help fund its secure blockchain phone, as well as a blockchain personal computer. The company said the phone, which should be on the market near the end of next year, benefits from enhanced security and the ability to carry out fee-less transactions.

Hogeg said his target had been to raise $ 75 million – the amount needed to develop the phone. The additional funds will enable the company to increase its production and invest more in sales and marketing.

Reporting by Ari Rabinovitch and Tova Cohen; Editing by Mark Potter

Tech

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British shipping firm Clarkson reports cyber attack
November 29, 2017 12:16 pm|Comments (0)

(Reuters) – British shipping services provider Clarkson Plc said it was subject to a cyber security incident and warned that the person or persons behind the incident may release some data on Wednesday.

“As soon as it was discovered, Clarkson took immediate steps to respond to and manage the incident,” the company said.

“Our initial investigations have shown the unauthorized access was gained via a single and isolated user account which has now been disabled,” Clarkson said.

The London-headquartered company said it had been working with the police on the incident.

Reporting by Rahul B in Bengaluru; Editing by Maju Samuel

Our Standards:The Thomson Reuters Trust Principles.

Tech

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Someone Is Trying to Scrub Trump’s Name From the Wikipedia Page of Lieberman’s Law Firm
June 13, 2017 12:02 pm|Comments (0)

There’s a Wikipedia edit war going on right now on the page of the law firm of Kasowitz, Benson, Torres & Friedman. That wouldn’t be notable except for the fact that someone is trying to scrub Donald Trump’s name from the page and Joe Lieberman is a special counsel at the firm. Lieberman is a frontrunner to head the…

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Engineering firm uses cloud storage to speed file loads, and then unplugs its MPLS net
September 8, 2016 1:11 pm|Comments (0)

Woodard & Curran is a $ 200 million integrated engineering, science, and operations company based in Portland, Maine, but has offices scattered across the country. Kenneth Danila, Director of Information Systems, recently helped migrate the company to a cloud based storage system from Panzura to eliminate long delays in sharing huge engineering files, and that shift enabled the company to swap out its expensive MPLS network. Ancillary benefits included a painless way to migrate from one cloud supplier to another (AWS to Azure), and a way to limit the threat of ransomware.  Network World Editor in Chief John Dix recently caught up with Danila in his Dedham, MA office. 

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UKCloud Becomes First British Firm to Achieve ISO27018 Information Security Certification
September 6, 2016 8:15 am|Comments (0)

“As cloud computing becomes more widely adopted, public sector organisations with considerable data protection responsibilities understandably …


Cloud Computing

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Hawaii-Based Firm Unlocks “Dark Energy” Data in National…
August 21, 2016 8:25 am|Comments (0)

R.P. Delio and Company announce that the latest commercial installations of their Waypoint Power™ “SCADA in the Cloud” subscription-based platform has taken it across the Nation, to Georgia, New York,…

(PRWeb August 21, 2016)

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