MSCI Launches Breakthrough Index Integrating Public Markets and Private Equity

    Innovative index is designed to provide a broad and daily view of the global equity opportunity

(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI) launched the MSCI All Country Public + Private Equity Index, an innovative daily index that combines public markets and a broad private equity view within a single, coherent framework. The launch marks a major shift in how investors can assess total equity exposures and measure performance across their portfolio.

With private markets increasingly integrated into investment portfolios, private equity is becoming a core component of total portfolio allocation, contributing to diversification, long-term return potential and exposure to segments of the economy not captured by public markets. Reflecting the evolving structure of investor portfolios, this index sets a new standard for tracking global equity performance across public and private markets.

The index combines the flagship MSCI ACWI IMI, which represents the performance of the full opportunity set of publicly listed equities across developed and emerging markets and serves as the benchmark for approximately USD 5.6 trillion in assets under management1, and the new MSCI All Country Private Equity Index, a daily measure based on MSCI’s proprietary dataset of LP-sourced cash flows and valuations from nearly 10,000 private equity funds. This integrated approach allows the index to reflect both the investable public equity universe and modelled private equity exposures in a consistent global equity framework.

Powered by MSCI’s combined index expertise and research and data capabilities, the MSCI All Country Public + Private Equity Index methodology is designed to provide transparency and a consistent approach for index construction, maintenance and rebalancing aligned with MSCI’s index design principles. The index, with a target allocation to private equity set to 15%, is calculated daily based on the drifted weight and the daily performance of each component index. The index is reviewed and rebalanced quarterly to maintain consistency with the target allocation weights. In each review, the latest available component index data are incorporated, and the weighting factors are reset to the target allocation. Rebalancing is conducted in accordance with MSCI’s index maintenance policies providing continuity and comparability over time.

“This index is a milestone in our mission to make private markets more transparent and accessible,” said Luke Flemmer, Head of Private Assets at MSCI. “It reflects MSCI’s unique combination of high-quality data, world class research and index distribution capabilities and extends our private assets toolkit that gives investors a simpler way to access, benchmark, and allocate to private capital.”

The launch reflects MSCI’s broader commitment to equipping investors with tools, research and data required to support informed decision-making across their portfolios. To learn more, visit MSCI Private Assets.

1 As of June 30, 2025. Active institutional AUM includes separate/segregated AUM, pooled/commingled AUM and mutual fund institutional AUM. Active retail funds include open-ended funds, closed-ended funds and insurance product funds. AUM also includes indexed assets and the notional open interest in futures and options, based on internal MSCI data. For funds that did not report AUM as of June 30, 2025, prior period values were used as estimates.

About MSCI

MSCI Inc. (NYSE: MSCI) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates. To learn more, please visit www.msci.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance differ materially and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.

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Media Inquiries

PR@msci.com

Melanie Blanco

+1 212 981 1049

Konstantinos Makrygiannis

+44 77 6893 0056

Tina Tan

+852 2844 9320

Julie Mansmann

+1 917 815 6375

MSCI Global Client Service

EMEA Client Service

+ 44 20 7618 2222

Americas Client Service

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Asia Pacific Client Service

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ZYN Branding to be present in selected races, starting with the Formula 1 Etihad Airways Abu Dhabi Grand Prix 2025

(BUSINESS WIRE) -- Philip Morris International Inc. (NYSE: PM) today announced an expanded partnership with Scuderia Ferrari HP and with Ferrari Challenge Trofeo Pirelli—the single-marque motorsport championship created in 1993—for the 2026 season and beyond. This next chapter introduces one major development: the ZYN brand of nicotine pouches—the number one nicotine pouch brand globally¹—will feature on Scuderia Ferrari HP Formula 1 liveries at select races throughout the seasons.

This bold new chapter reinforces a spirit of relentless innovation and unforgettable experiences that has defined the partnership for more than five decades—making it one of the strongest in sports history. To mark this moment, ZYN branding will first feature on the Scuderia Ferrari HP car livery during the Abu Dhabi Grand Prix 2025 scheduled for December 7.

“PMI shares with Scuderia Ferrari HP the pursuit to innovate and challenge the status quo for millions of adults that share this passion. By engaging in this space, we demonstrate our commitment on this journey,” said Stefano Volpetti, President Smoke-Free Products & Chief Consumer Officer, PMI. “By further enhancing our partnership with Scuderia Ferrari HP, we hope to accelerate the replacement of cigarettes, and we want our adult consumers of nicotine products, like ZYN, to embrace and enjoy every moment of this thrilling ride.”

“Ferrari has always valued partnerships built on innovation, responsibility and a vision oriented toward continuous improvement, with a forward-looking mindset. Our renewed collaboration with PMI is a concrete expression of this approach and continues a relationship that has lasted for over fifty years, grounded in scientific progress and long-term thinking. As PMI advances the development of smoke-free alternatives, we are proud to evolve together, uniting our shared values of excellence, discipline and innovation to drive progress both on and off the track,” said Lorenzo Giorgetti, Chief Racing Revenue Officer, Ferrari.

Responsible Marketing

PMI’s marketing and sales policies and practices reflect our commitment to market all our products responsibly. This means increasing adult consumers’ awareness and understanding of our smoke-free product portfolio while guarding against access to our products by unintended audiences. Formula 1—with its overwhelmingly adult audience—is a global platform where we engage adult consumers worldwide with a message of choice and innovative alternatives to cigarettes.

About ZYN

ZYN nicotine pouches—the number one nicotine pouch brand globally². In the U.S., they are the only nicotine pouches authorized as appropriate to protect public health by the U.S. Food and Drug Administration. ZYN nicotine pouches are not risk-free and contain nicotine, which is addictive. They are intended only for legal-aged adult consumers of nicotine products and are not alternatives to quitting tobacco and nicotine altogether.

Philip Morris International: A Global Smoke-Free Champion

Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. Our smoke-free products are available for sale in over 100 markets, and as of June 30, 2025, PMI estimates they were used by over 41 million legal-age consumers around the world, many of whom have moved away from cigarettes or significantly reduced their consumption. The smoke-free business accounted for 41% of PMI’s first-nine months 2025 total net revenues. Since 2008, PMI has invested over $14 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match’s General snus and ZYN nicotine pouches and versions of PMI’s IQOS devices and consumables - the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables and General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness and healthcare areas and aims to enhance life through the delivery of seamless health experiences. References to “PMI”, “we”, “our” and “us” mean Philip Morris International Inc., and its subsidiaries. For more information, please visit www.pmi.com and www.pmiscience.com.

¹ PMI reported global shipment volumes and in-market sales estimates of nicotine pouch units, from January 2025 to July 2025

² PMI reported global shipment volumes and in-market sales estimates of nicotine pouch units, from January 2025 to July 2025

 

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Philip Morris International
Corey Henry
T. +1 (202) 679 7296
E. corey.henry@pmi.com

GCL Evolves Into The Rock-It Company, Uniting Leading Logistics Platform of Live Events and Luxury Goods Services Under a New Banner

Built on the 47-year legacy of Rock-It Cargo and a growing platform across multiple end markets, the evolution marks a new era of growth and acceleration for the company

 

(BUSINESS WIRE)--Global Critical Logistics (GCL) announced today its brand evolution into the newly unveiled identity of The Rock-It Company, uniting its diverse portfolio under the iconic and globally recognized name. The announcement arrives as Rock-It delivers some of the world’s most impactful cultural moments this week including the Final Draw of the FIFA World Cup 2026™ in Washington D.C., Art Basel in Miami, The Conference at Rock Lititz and several concerts and automotive events in Abu Dhabi, including the RM Sotheby’s Auction. These marquee events all coincide with a extensive slate of global tours, film productions, broadcast operations, and experiential projects that span multiple continents. Together, these iconic moments contribute to the more than 10,000 mission-critical projects that Rock-It enables each year through its global network of logistics expertise.

For decades, the company has been at the heart of the most complex sporting events, far-reaching global music tours, and the movement of the most valuable assets across the luxury goods landscape. Through a vast network of experts, comprehensive capabilities set and strategically located facilities, The Rock-It Company is a leader in executing the world’s most intricate and high-profile logistics operations that define its reputation in the industry.

As part of this evolution, Rock-It is organizing its offerings around two complementary pillars: Live Events & Luxury Goods.

Live Events
Building on the 47-year heritage of Rock-It Cargo, Rock-It will introduce vertical-oriented divisions dedicated to delivering best-in-class service for its many growing end markets:

• Rock-It Cargo will continue to be a world leader in live performance touring and specialty logistics for the music touring industry. The sports, film, and experiential focus within Rock-It Cargo today will transition into dedicated divisions providing clear focus and leadership around each vertical.
• Rock-It Sports will integrate the combined capabilities and track record of Rock-It Cargo and SOS Global into one unified sports and broadcast operations segment. The SOS Global brand will sunset, bringing the trusted staff, decades of expertise, and client relationships under Rock-It Sports.
• Rock-It Productions will encompass the company’s expertise in film, television, podcasting, multi-media, and live productions. Dynamic International will continue to operate with excellence as Dynamic International by Rock-It.
• Rock-It Experiential will deliver corporate live events, fairs and exhibitions, brand activations and large-scale global experiential projects.

Luxury Goods
Supporting a fast-growing global demand for trusted logistics across the high-value goods sector, The Rock-It Company is led by two trusted divisions listed below.

• DIETL by Rock-It will represent Rock-It as the driving force behind global growth in the fine art sector, supporting a worldwide network of collectors, auctions, individuals and museums.
• CARS By Rock-It will provide white-glove service, storage, and management for automotive collectors, rallies, races, auctions and beyond.

“This natural evolution honors our heritage and allows us to serve clients better than ever before,” said Daniel Rosenthal, President & CEO of The Rock-It Company. “By uniting under the Rock-It name, we’re combining decades of experience, an earned reputation, and the industry’s best talent into one global platform, with a shared commitment to delivering the world’s most extraordinary moments.”

About The Rock-It Company
The Rock-It Company (formerly Global Critical Logistics) is a global leader in mission-critical specialty logistics, trusted to move irreplaceable assets and power extraordinary moments across Live Events and Luxury Goods. Built on a 47-year legacy, Rock-It delivers multimodal freight forwarding, event logistics planning, specialized packing and storage, customs and ATA carnet services, insurance, on-site support and more.

Rock-It enables international concert touring, major sporting events, broadcasting, film and media productions, experiential events and activations, live event infrastructure, and the transport and protection of fine art, rare automobiles, and other priceless collections. With access across 160+ countries and with more than 10,000 missions each year, Rock-It serves a diverse list of partners including the FIFA World Cup 2026, The Pebble Beach Concours d'Elegance, RM Sotheby’s, leading hypercar OEMs, multiple Olympic committees, leagues and federations, and other leading brands across the globe.

 

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Angus Brown
angus.brown@rockitcompany.com
(213) 444-9064

Hyatt Advances Luxury Brand Focus With New Leadership and Planned Global Expansion in 2026dentity Security as AI Adoption Accelerates Across the Middle East

Hyatt appoints Tamara Lohan to lead its luxury brands; shares preview of extraordinary openings worldwide.

(BUSINESS WIRE) -- Hyatt Hotels Corporation (NYSE: H) today announced at ILTM Cannes the next chapter of Hyatt’s luxury journey, unveiling strengthened leadership with the appointment of Tamara Lohan as Global Brand Leader – Luxury on an interim basis and previewing a remarkable pipeline of luxury openings set for 2026.

“Hyatt’s momentum in luxury continues to accelerate, powered by our insights-driven development strategy and commitment to delivering deeply resonant guest experiences,” said Mark Hoplamazian, President and Chief Executive Officer, Hyatt. “Tamara brings world-class luxury expertise, and her leadership will further strengthen our ability to differentiate our luxury brands while growing with intent in the markets our guests and owners value most.”

Lohan joined Hyatt in 2023 through the acquisition of Mr & Mrs Smith, the award-winning boutique and luxury hotel platform she co-founded and led for more than two decades. Known for curating exceptional independent hotels and championing design-forward, experience-rich travel, she brings deep expertise in personalization, global luxury trends and consumer insights. In her new role as Global Brand Leader – Luxury, she will guide Hyatt’s global luxury brand strategy while elevating brand consistency and guest experiences across Hyatt’s luxury portfolio.

“When Hyatt acquired Mr & Mrs Smith, it was clear how deeply Hyatt respects independent spirit, design integrity and the craft of luxury,” said Tamara Lohan, Global Brand Leader – Luxury, Hyatt. “It’s a privilege to help shape the future of what luxury means for Hyatt, and I’m excited to develop the brands in our portfolio and take our guests on even more personal experiences whilst thoughtfully growing the collection.”

With nearly 125 luxury hotels representing more than 21,000 rooms worldwide, Hyatt’s luxury portfolio – which includes the Park Hyatt, Alila, Miraval, Impression by Secrets and The Unbound Collection by Hyatt brands – continues to expand strategically in the destinations that matter most to guests, members, customers, travel advisors and owners.

Set to open in the first quarter of 2026, Miraval The Red Sea will mark the brand’s first resort outside the United States and a defining moment for luxury wellness in the EAME region. Located on Saudi Arabia’s Shura Island, the adults-only retreat will feature 180 guestrooms and suites, immersive wellbeing programming and the largest spa in the Red Sea destination.

Miraval’s international expansion underscores the rising global demand for transformative travel – nearly 50 percent of travelers¹ now define luxury as deeply personalized experiences, aligning closely with Miraval’s focus on spiritual, emotional and physical renewal.

Hyatt will continue to expand its luxury brand footprint through 2026 with openings across its most sought-after brands:

• Park Hyatt celebrates the reopening of Park Hyatt Tokyo and will introduce Park Hyatt Cabo del Sol, Park Hyatt Cancun, Park Hyatt Mexico City, Park Hyatt Vancouver and Park Hyatt Phu Quoc over the coming year.

• Alila will strengthen Hyatt’s portfolio in Mexico with the opening of Alila Mayakoba, bringing the brand’s refined, immersive luxury to Riviera Maya.

• The Unbound Collection by Hyatt grows in EAME with Kennedy 89 in Frankfurt, Germany and a new coastal experience in Nice, France.

These additions contribute to Hyatt’s strong luxury chain scale pipeline of more than 170 hotels representing 141,000 rooms globally.

“As we approach a new calendar year, ILTM Cannes serves not only as a moment to celebrate what we’ve accomplished in 2025, but as a powerful catalyst for what’s to come,” remarks Marc Jacheet, Group President, EAME, Hyatt. “This winter marks a defining moment in Hyatt’s luxury growth story, as the Miraval brand debuts on the international stage in the Red Sea – a sanctuary for wellbeing explorers and discerning adventurers alike spanning over 3 million square feet of pristine coastline and offering one of the largest spas in the region with 40,000 square feet and 39 treatment rooms. With an ever-expanding, world-class luxury portfolio across EAME, Hyatt continues to set new benchmarks in hospitality and remains a driving force behind our global growth journey.”

For more information or to book a stay, please visit hyatt.com.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2025, the Company's portfolio included more than 1,450 hotels and all-inclusive properties in 82 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid® Hotels & Resorts, Sunscape® Resorts & Spas, Alua Hotels & Resorts®, and Bahia Principe Hotels & Resorts; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Unscripted by Hyatt, Hyatt Place®, Hyatt House®, Hyatt Studios®, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; the impact of global tariff policies or regulations; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as hurricanes, earthquakes, tsunamis, tornadoes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve specified levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations or realize anticipated synergies; failure to successfully complete proposed transactions, including the failure to satisfy closing conditions or obtain required approvals; our ability to successfully complete dispositions of certain of our owned real estate assets within targeted timeframes and at expected values; our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotel services agreements or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and manage the Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

¹ https://flywire.foleon.com/report/luxury-travel-report-2025/

 

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Robert Martinez
Robert.Martinez1@hyatt.com

NIKE, Inc. Announces Senior Leadership Changes to Accelerate “Win Now” Actions

 BEAVERTON, Ore. - Wednesday, 03. December 2025 

(BUSINESS WIRE) -- NIKE, Inc. (NYSE:NKE) today shared the following note with employees regarding changes to its Senior Leadership Team.

//

Team,

I’d like to share some important changes to our Senior Leadership Team (SLT) that further remove layers and continue to bring us closer to athletes* and the marketplace.

We’re establishing the role of EVP, Chief Operating Officer (COO), reporting to me, to better connect our operations and integrate technology more seamlessly into our sport offense. Venkatesh Alagirisamy (“Venky”), currently Chief Supply Chain Officer and a nearly 20-year Nike veteran, will take on this role effective December 8. Venky will lead Technology, in addition to his existing responsibilities leading Supply Chain, Planning, Operations, Manufacturing and Sustainability.

He and his team will now be able to look end-to-end to ensure technology is fully integrated across the company and into how we create, plan, make, deliver and sell our world-class innovations across our three iconic brands. His experience, innovative mindset and team-first leadership style will be key as we continue to evolve into a more agile, tech-enabled Nike.

As a result of this change, we’ve eliminated the EVP, Chief Technology Officer role on the SLT and Dr. Muge Dogan will leave the company. I want to thank Muge for the role she has played in advancing our tech capabilities, helping to shape how we embed digital, data and AI across our business. I’m grateful for the impact she’s had and wish her well.

Additionally, as we seek to move faster in service of athletes*, strengthen our leadership team’s connection with consumers and further activate our sport offense, the senior leaders of Nike’s four Geographies will now join the SLT, reporting to me. I want to welcome Angela Dong (Greater China), Carl Grebert (EMEA), Tom Peddie (North America) and Cathy Sparks (APLA) to our team.

As part of this shift, we’re eliminating the role of EVP, Chief Commercial Officer (CCO), currently held by Craig Williams. I want to thank Craig for his important role in advancing our marketplace strategy as CCO and for his leadership of the Jordan Brand. Throughout his time at Nike and Jordan, Craig has united teams around the world through his passion for our brands, his commitment to excellence and his value-based leadership. We wish him the best in his next chapter.

Global Sales and Nike Direct will now report to our EVP and Chief Financial Officer, Matt Friend. In addition to his role as CFO, Matt brings deep commercial, strategy, and geography experience from more than 15 years at Nike. He has partnered closely with me for several years managing our integrated marketplace, and his understanding of our global business will be especially valuable now. Bringing these teams under Matt’s leadership, alongside the strategy work he already oversees, puts him in a unique position to connect our marketplace directly to company strategy and where we place our biggest bets. It ensures that insights from our stores, our digital platforms, and our wholesale partners directly shape our corporate planning, growth initiatives, and investment priorities.

This move is about growth and offense — giving Sales and Nike Direct an even stronger voice in how we set strategy and invest. It also reflects the critical role the marketplace plays in driving Nike’s success, including our Win Now actions. Our physical and digital footprints will continue to celebrate the passion and emotion of sport, highlight our innovations and game-changing products, and inspire consumers wherever they experience our brands.

It’s significant our Brand presidents and our Geography leaders are sitting together at the same NIKE, Inc. leadership table. With this newly evolved SLT, I’m confident we’ll be able to accelerate the core aspects of our Win Now actions. Collectively, these changes amount to us eliminating layers and better positioning Nike to continue to have an impact the way only Nike can.

You’ve heard me say before we need everyone pushing forward with focus, speed, collaboration and urgency. I’m grateful to each of you for answering this call and I know we are making meaningful progress in creating a bright future of our own design.

Elliott Hill
President & CEO, NIKE, Inc.

*If you have a body, you are an athlete.

//

About NIKE, Inc.

NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.Nike.com/. Individuals can also visit https://about.Nike.com/ and follow NIKE on LinkedIn, Instagram and YouTube.

For imagery/executive headshots, please visit: https://about.nike.com/en/company.

 

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Media Contact:
Media.Relations@nike.com

Investor Relations:
Investor.relations@nike.com

Saviynt Opens Dubai HQ to Strengthen Identity Security as AI Adoption Accelerates Across the Middle East

Strategic partnership with cybersecurity leader StarLink expands regional access to modern identity security solutions

 

(BUSINESS WIRE)--Saviynt, a leader in AI-powered identity security, today announced the opening of its new regional headquarters in Dubai and a strategic partnership with StarLink, one of the Middle East and Africa’s largest specialist cybersecurity distributors. The move comes as organizations across the region rapidly scale cloud and AI initiatives, transforming the identity landscape and intensifying demand for continuous access governance.

Cloud computing investment in the Middle East continues to surge, fueled by national digital transformation programs, regulated industry innovation, and the rise of AI-assisted business operations. This expansion has brought millions of new identities online, from employees and contractors to applications, workloads, and connected devices. Managing who has access to what, and ensuring that access remains appropriate, has become a defining challenge for security leaders.

“Enterprises across the Middle East are adding thousands of new identities every month, yet many still rely on manual access reviews and fragmented tools,” said Todd Rotger, Chief Revenue Officer at Saviynt. “That gap is exactly where attackers thrive. Our investment in the region is focused on helping customers close it and maintain control before risk becomes breach.”

As part of the launch, Saviynt will locally host its converged Identity Cloud platform to help customers meet data residency requirements and strengthen support for regulated industries including banking, energy, government, and telecommunications. The Dubai hub will focus on customer success, solution delivery, and partner enablement to accelerate time to value.

“With identity becoming the front line of digital trust, organizations need intelligent, unified control over every identity on their network,” said Mahmoud Nimer, President of StarLink. “Saviynt delivers that convergence without slowing down transformation. We are proud to bring their innovation to more customers across the region.”

The expansion builds on Saviynt’s growth across EMEA and APJ, including new offices and leadership in Singapore, London, Amsterdam, Germany, Iberia, and Poland, along with continued investment in its India innovation center. Saviynt was recently recognized as a 2024 Gartner® Peer Insights™ Customers’ Choice for Identity Governance and Administration for the fourth year in a row.

For more information about Saviynt's Identity Cloud, please visit the website.

About Saviynt

Saviynt empowers enterprises to secure their digital transformation, safeguard critical assets, and meet regulatory compliance. With a vision to provide a secure and compliant future for all enterprises, Saviynt is recognized as an industry leader in identity security whose cutting-edge solutions protect the world’s leading brands, Fortune 500 companies and government organizations. The company recently launched Saviynt University to help reduce the knowledge gap in cybersecurity and identity management by providing free training and certification programs, with significant focus on practitioners in India.

For more information, please visit www.saviynt.com.

 

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Media contact
Heera Kang
heera.kang@saviynt.com

Invisible IT Emerges as Workplace Transformation Evolves, Lenovo Research Finds

 Four out of five IT leaders say their systems can’t keep up and are turning to AI-powered automation to make IT seamless, predictive, and proactive.

 

(BUSINESS WIRE)--The next step in workplace transformation is invisible technology that fades into the background so that support is automated and seamless, according to a Lenovo global survey of IT leaders released today.

Most employees only notice IT when it slows them down and interrupts processes. Invisible IT is the opposite. It means technology that anticipates needs, prevents issues before they happen, and personalizes support automatically.

Achieving Invisible IT, the newest report in Lenovo’s ongoing Work Reborn series, explores how AI and automation are redefining the digital workplace and employee experience. Of the IT leaders who participated, 79% aspire to deliver seamless, proactive support that minimizes disruption for employees, but only 21% have achieved predictive issue resolution. The results underscore an urgent need for organizations to remove digital barriers, simplify IT ecosystems, and adopt AI-enabled, hyper-personalized support that delivers a truly effortless employee experience.

“Organizations have spent years modernizing their digital workplaces, but many remain hindered by fragmented systems and slow, manual support processes,” said Rakshit Ghura, Vice President and General Manager, Lenovo Digital Workplace Solutions. “By making IT invisible through predictive, proactive, and personalized support, enterprises can empower employees to focus on what truly matters: innovation, collaboration, and performance.”

The Workplace Is Ready for Change

Lenovo’s research shows that roughly half (49%) of IT decision makers agree productivity and engagement are the top priorities, but only 36% believe their current digital workplace effectively supports employee engagement. And 84% of IT leaders say they can’t predict disruptions before they occur, spotlighting the importance of AI to anticipate and resolve issues before they impact work.

To help organizations move toward this model, AI-powered workplace services can deliver the foundations of invisible IT. One example is Lenovo’s AI–driven workplace solutions platform that uses rich persona data and behavioral insights to tailor support to the individual, anticipating needs, resolving issues proactively, and personalizing every aspect of the employee’s digital experience. The approach has been shown to drive up to a 30% improvement in user satisfaction, 30% lower support costs, and 40% of issues proactively resolved, according to IDC and internal Lenovo data.1

Flexible device-subscription models also help reduce complexity. Lenovo’s TruScale Device as a Service, for example, cuts deployment time by up to 50% and lowers device-related IT costs.2

One customer example: Coventry University Group used TruScale DaaS to replace its aging IT infrastructure, eliminating an estimated 223 tons of CO₂ and cutting 40 IT labor hours per week from device management.3 They saw measurable gains in productivity, sustainability, and employee experience — all hallmarks of invisible IT.

Expert Perspective

“Lenovo’s services strategy looks to capture the next evolution of the digital workplace,” said Rob Brothers, VP of Services for IDC. “Organizations that invest in AI-enabled, proactive IT lifecycle management will lead the way in creating productive, resilient, and employee-focused workplaces.”

The Human Side of AI-Powered Support

Instead of replacing human expertise, invisible IT enhances it. Lenovo’s research found that 39% of IT leaders expect AI-driven support to allow IT staff to focus on higher-value work such as improving end-user productivity and experience, while only 12% foresee any reduction in team size.

“Invisible IT means smarter IT,” continued Ghura. “By automating routine support and anticipating needs, we’re freeing IT teams to shift from reactive maintenance to proactive value creation.”

Yet even as leaders recognize the value of combining human expertise with AI and automation, structural barriers remain. The top challenges cited by IT leaders include complex systems (51%), cost constraints (47%), and limited AI skills (43%). Lenovo’s report outlines practical steps to overcome these obstacles:

Unify and simplify IT ecosystems to reduce fragmentation

Upskill IT teams to harness AI capabilities

Partner with experienced providers to deploy predictive, personalized support more securely and at scale

Organizations that achieve invisible IT can reduce digital friction, boost engagement, and free employees to focus on higher-value work. The full Work Reborn Report 4: Achieving Invisible IT outlines practical steps enterprises are taking to get there.

To learn how your organization can unlock the benefits of invisible IT, download the full Work Reborn Report 4: Achieving Invisible IT and visit Lenovo.com for more insights on digital workplace transformation.

1 Source: Based on Lenovo internal testing data from Care of One deployments, Digital Workplace Solutions, 2025. Actual results may vary.

2 Source: Lenovo, TruScale DaaS ROI Tool, 2024. Sample representation based on average monthly pricing, 3-year refresh cycle, 2% repair rate, and $70K IT salary

3 Source: Lenovo case study, Coventry University Group: Equipping Staff for Success, 2024

About Lenovo

Lenovo is a US$69 billion revenue global technology powerhouse, ranked #196 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.

Notes for editors

Achieving Invisible IT is the fourth report in the Lenovo Work Reborn Research Series 2025, which is being published throughout the course of the year. The report is based on a survey of 600 IT leaders that took place in April and May 2025. The survey sample included respondents from the USA Canada, UK, France, Germany, India, Japan, Singapore, Brazil, Mexico Australia, and New Zealand. Respondents included IT leaders from companies with at least 1,000 employees and from a range of sectors.

Lenovo is a trademark of Lenovo. All other trademarks are the property of their respective owners. ©2025 Lenovo Group Limited. All rights reserved.

 

 

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Doha Debates Examines How Entertainment Shapes Us Today

 Doha, Qatar - Wednesday, 03. December 2025

In a new episode, leading thinkers and students debate whether today’s entertainment elevates us or pulls us into distraction.

 

Qatar Foundation’s Doha Debates continues its flagship debate series with a new episode that examines how modern entertainment shapes our attention, creativity, and everyday well-being. Moderated by Dareen Abughaida, the debate brings together three influential thinkers to ask whether today’s entertainment landscape is enriching us—or overwhelming us.

This week’s debate features Marya Bangee, Senior Advisor at the Pop Culture Collaborative; Dr. Anna Lembke, Professor of Psychiatry at Stanford University and author of Dopamine Nation; and Nicholas Carr, Pulitzer Prize finalist and author of The Shallows.

For Bangee, the power of entertainment lies in storytelling that reflects lived human experience and fosters empathy. “I think entertainment today is pervasive. It’s something that shapes each person and society. The question is how are we going to make sure we are shaping it back.”

Lembke brings a clinical and human-centered lens to the discussion, warning that the design of modern entertainment often overwhelms our brain’s reward pathways. “Modern entertainment is not better for us because it hijacks our brain reward pathway. Now we need more pleasure to feel any pleasure at all.”

Carr widens the frame further, examining how technology-driven entertainment affects our ability to think deeply and act collectively. “We’ve assumed that having more topics, choices and information is always a good thing. Going forward we really need to pay much attention to the drawbacks.”

Students add their own reflections. Sara Akbar, 22, from the University of Doha for Science and Technology, shares: “Between 16 to 28, we are all trying to escape reality because of everything happening in the world. And it really affects how we live our lives. Why can’t we live a second without Instagram?” From Georgetown University in Qatar, Ameer Saadi, 18, adds: “With entertainment, the responsibility here is not to make you a better person but to genuinely try to express some form of the human experience.”

Together, their voices deepen a debate that goes beyond preference or taste, reflecting Doha Debates’ commitment to truth-seeking, open inquiry, and conversations that bridge perspectives rather than divide them.

The episode is now available on the Doha Debates website and YouTube channel. Viewers can also explore previous episodes on childhood in the age of social media and on the meaning of love today.

Doha Debates

Website: DohaDebates.com

X/Twitter: @DohaDebates

Instagram: @DohaDebates

Facebook: Facebook.com/DohaDebates

YouTube: YouTube.com/DohaDebates

Threads: Threads.net/@dohadebates

TikTok: @DohaDebates

About Doha Debates

Doha Debates engages a vanguard of intellectually curious truth-seekers to constructively debate differences in order to build a better future. We emphasize unity over division, encouraging conversations that bring us together rather than drive us apart.

Learn more at DohaDebates.com

 

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Contacts

Doha Debates media contact

Sumi Alkebsi

Director of Communications and Marketing

Email: salkebsi@dohadebates.com

Andersen Consulting Expands Digital Transformation Capabilities

 (BUSINESS WIRE)--Andersen Consulting enters into a Collaboration Agreement with Neit Consulting, a firm focused on streamlining operations, integrating smart technologies, and accelerating digital maturity for clients.

Neit Consulting is a business consulting firm based in the Czech Republic with more than 20 years of experience delivering ISO-certified IT and business advisory services across data analytics, performance management, and process optimization. With more than 200 consultants, the firm supports clients—including global banks, insurers, manufacturing companies, and public entities—through business consulting, IT systems implementation, and long-term systems support. Neit Consulting serves clients globally with a focus on aligning digital capabilities to complex operational needs.

“This collaboration represents a significant step forward in the scope of services provided to our clients,” said Tomáš Niederle, sales director of Neit Consulting. “Andersen’s global reach and multidisciplinary approach, paired with our technical depth and regional experience, creates a powerful platform for delivering transformational change at scale.”

“Neit Consulting brings a unique blend of domain-specific expertise and a practical, implementation-focused mindset,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “Their ability to modernize core systems and optimize operations aligns perfectly with our mission to help clients lead with agility, efficiency, and insight.”

Andersen Consulting is a global consulting practice providing a comprehensive suite of services spanning corporate strategy, business, technology, AI transformation, and human capital solutions. Andersen Consulting integrates with the multidimensional service model of Andersen Global, delivering world-class consulting, tax, legal, valuation, global mobility, and advisory expertise on a global platform with more than 44,000 professionals worldwide and a presence in over 600 locations through its member firms and collaborating firms. Andersen Consulting Holdings LP is a limited partnership that provides consulting solutions through its member and collaborating firms worldwide.

 

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“Soudah Development” and “National Grid” Sign SAR 1.3 Billion Agreement to Power Soudah Peaks

 Soudah, Saudi Arabia 

Strategic partnership to deliver advanced power infrastructure to Soudah Peaks.

A new important milestone in the progression of Soudah Peaks project paving the way for more.

 

Soudah Development, a Public Investment Fund (PIF) company, chaired by HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, has signed a landmark agreement with National Grid, a Subsidiary of the Saudi Electricity Company, valued at more than SAR 1.3 billion, to develop and deliver advanced power infrastructure for the Soudah Peaks.

This strategic partnership marks a critical milestone in the development of Soudah Peaks, an ultra-luxury mountain destination rising 3,015 meters above sea level, and underscores Soudah Development’s commitment to excellence and unparalleled experiences in tourism, hospitality, wellness, retail, and ultra-luxury residential and others.

Under this agreement, "National Grid" will design and construct the integrated electrical network that includes a 380/132 kV central substation with a capacity of 500 MVA, as well as two 132/13.8 kV high-voltage substations. This robust infrastructure will form the backbone of the utility ecosystem across all zones of the project, ensuring reliable power delivery to hospitality, residential, commercial, and public assets, for all development phases.

Eng. Saleh AlOraini, CEO of Soudah Development, stated: "This agreement marks a defining step forward in the journey to develop Soudah Peaks, a world-class destination that exemplifies ultra-luxury, excellence, and sustainability. Through our partnership with National Grid SA, we are securing the infrastructure foundation needed to power all of Soudah Peaks development phases." By securing future-ready infrastructure, this partnership not only ensures the operational success of Soudah Peaks but also underscores the shared vision of both organizations to drive economic diversification and support the Kingdom's sustainability ambitions.

Eng. Waleed Al-Saadi, CEO of the National Grid SA, stated: “This agreement represents a pivotal milestone in developing the electrical infrastructure for the Soudah Peaks project. It reflects our firm commitment to supporting major development initiatives in the Kingdom through integrated solutions built on the highest standards of efficiency and reliability.” He added: "Our partnership with Soudah Development underscores our central role in enabling luxury tourism destinations and the Kingdom’s growing economic landscape. By establishing an advanced electrical network tailored to meet the project’s needs across all phases, we reaffirm National Grid SA’s continued efforts to enhance the readiness and resilience of the power system in alignment with sustainability goals and Saudi Vision 2030. "

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Contacts

Karine Ramadan

kramadan@apcoworldwide.com

Winchester Interconnect Launches LiteSPEed™ Cable: Faster, Lighter, Simpler Connectivity for Mission-Critical Systems

 MILFORD, Conn. - Wednesday, 03. December 2025 AETOSWire 

(BUSINESS WIRE) -- Winchester Interconnect, an Aptiv company and leading supplier of high-performance interconnect solutions, today introduced LiteSPEed™ Cable, a next-generation single-pair Ethernet (SPE) solution that delivers 10-gigabit data rates in a dramatically smaller, lighter design. Built for the increasingly connected and space-constrained environments of aerospace, defense, industrial automation and next-generation mobility, LiteSPEed™ helps customers move more data with less cable, reducing weight, complexity, and cost while increasing system performance and reliability.

“As systems become more intelligent and interconnected, engineers need lighter, more efficient ways to deliver power and data,” said Juan Contreres, director of product management. “LiteSPEed™ gives them a rugged, high-speed Ethernet solution that simplifies installation without compromising performance.”

With advanced sensors, real-time analytics, and distributed control systems proliferating across industries, cabling has become a hidden bottleneck. LiteSPEed™ tackles that challenge head-on, by consolidating power and data into a single, easy-to-route cable, freeing valuable space and enabling faster deployment across platforms.

Key Advantages of LiteSPEed™ Cable

Single-Pair Termination: Up to 75 percent faster to terminate than traditional four-pair Ethernet

Up to 50% Smaller Diameter: Fits through tight routing paths and compact enclosures

Up to 25% Lighter: Reduces strain on cable trays, harnesses, and support structures

Tight Bend Radius: Navigates corners and dense assemblies with ease

Power + Data in One Cable: Eliminates separate power wiring in many use cases

10-Gbps Data Transmission: Handles high-bandwidth applications with ease

Lower Labor Costs: Speeds up installation and reduces on-site expense

LiteSPEed™ is also designed to supersede legacy protocols such as CANbus, Profinet, and I/O Link, minimizing the need for gateways and extra termination points and simplifying network architecture.

For more information, visit the LiteSPEed™ Cable product page.

About Winchester Interconnect

Winchester Interconnect, a subsidiary of Aptiv PLC, is a leading designer and manufacturer of high-precision connectors, cable assemblies, and cables for mission-critical applications in military, aerospace, industrial, medical, and space markets where unmatched performance and reliability are essential. With engineering and manufacturing locations around the world, Winchester partners closely with customers to deliver customized interconnect solutions that perform in the most demanding environments. Winchester Interconnect is part of Aptiv’s Engineered Components Group, which brings together materials science, advanced manufacturing, and interconnect expertise to power the next generation of intelligent systems across industries. Learn more at www.winconn.com.

 

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Lisa Scalzo

Lisa.Scalzo@aptiv.com

Brooke Sinko

b.sinko@winconn.com

LumRisk Announces Strategic Reset and USD 5 Million Capital Commitment to Accelerate Its Transformation Toward an AI-Driven QIS and Multi-Asset Platform

 

GENEVA & MADRID & DUBAI, United Arab Emirates - 

(BUSINESS WIRE) -- LumRisk today announced a major milestone in its evolution, with the approval and implementation of a comprehensive corporate reset. This includes the restructuring of legacy obligations and the reinforcement of the company’s balance sheet. These measures establish a strong foundation for a new phase of accelerated global growth across LumRisk’s core domains: Quantitative Investment Strategies (QIS) and Multi-Asset Analytics.

As part of this strategic renewal, LumRisk has secured shareholder approval for a USD 5 million equity commitment, subject to customary conditions. This capital is intended to be deployed to scale the company’s next-generation platform, reinforce its data and technology capabilities, and deepen its offering across the global QIS ecosystem.

In parallel, LumRisk is implementing a new management-led corporate structure, under which the leadership team will assume full operational control and a majority equity position upon finalisation of the process. This realignment strengthens governance and aligns ownership directly with execution.

Quote — Mohdi Jeroudi, Chief Executive Officer

“This strategic reset marks the beginning of a new chapter for LumRisk. With a stronger balance sheet, fresh shareholder capital and full alignment between leadership and owners, we are now ready to accelerate our ambition to become a leading global platform for QIS and multi-asset analytics. Our 2026 release will introduce a next-generation platform with enhanced data quality, richer analytics, and far more intuitive workflows. It will also lay the foundation for deeper AI integration to enhance user navigation across the platform, increase transparency, sharpen risk insights and deliver more actionable value to institutional investors worldwide.”

Quote — Arpad “Arki” Busson, Founder & Chairman

“LumRisk has long been a pioneer in bringing transparency and innovation to the QIS industry. The board appoints Mohdi Jeroudi as CEO of LumRisk to lead the implementation of this important strategic initiative. The refreshed balance sheet and renewed investment capital give the company the financial strength to drive its next phase of growth, with AI placed at the very core of our entire infrastructure. By empowering the management team through the new ownership structure, we are placing the future of the company firmly in the hands of those closest to our clients and our technology”.

Looking ahead

LumRisk will share further updates in the coming weeks and months as it completes the reset, expands its AI-driven capabilities, and advances toward the launch of its next-generation platform in 2026 — a unified solution designed to support investors across the entire lifecycle, from pre-trade to post-trade analysis, effectively covering the full journey of any QIS investor or prospective investor, as well as expanding its offering in the multi-asset space.

 

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Contacts

Media Contact

Mohdi Jeroudi

Chief Executive Officer

T +41 58 330 21 48

M +971 58 863 17 46

mohdi.jeroudi@lumrisk.com

www.lumrisk.com

NetApp Collaborates with AWS to bring Enterprise Data to AWS AI Services

 Amazon S3 Access Points for FSx for NetApp ONTAP connects ONTAP data to AWS's wide range of AI, ML, and Analytics services

(BUSINESS WIRE) -- NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced a new capability that enables enterprises to make their workflows simpler and more efficient by connecting Amazon Web Services (AWS) AI and Analytics services directly with their NetApp data both in the cloud and on-premises. Amazon S3 Access Points for Amazon FSx for NetApp ONTAP® enable customers to accelerate AI and analytics projects by allowing FSx for ONTAP-resident file data to be accessed via the S3 API by AWS's extensive portfolio of AI/ML and analytics services—all while the data remains in place and is fully accessible for read / write via file protocols.

“By connecting FSx for ONTAP data natively to AWS's wide range of AI, ML, and analytics services, the new integration with Amazon S3 Access Points unleashes the potential to connect to more than 100 exabytes of enterprise data stored on NetApp systems for transformative use cases like generative AI and analytics uses cases built on AWS,” said Pravjit Tiwana, Senior Vice President and General Manager, Cloud Storage and Services at NetApp. “The introduction of S3 Access Points for Amazon FSx is a game changer for both FSx for ONTAP and for on-premises ONTAP users. Customers can now use advanced cloud services directly integrated with enterprise applications and data architecture.”

As a leading enterprise storage solution provider and the only one with a first-party data storage service natively built on AWS, NetApp is uniquely equipped to help customers accelerate modern workloads in the cloud. By using Amazon S3 Access Points with FSx for ONTAP, customers can connect S3-based AWS services and ISV applications to FSx for ONTAP file systems as if they were S3 buckets. Built-in replication capabilities in ONTAP enable enterprises to mobilize their data across hybrid cloud environments, allowing FSx for ONTAP customers to easily connect to their data stored on-premises. With this capability, file data stored in FSx for ONTAP is accessible for use with the broad range of artificial intelligence, machine learning, serverless compute, and analytics services and applications that work with S3. Users can control and simplify how different applications or users can access data by creating access points with names and permissions tailored to each application or user.

By eliminating the need to move data out of FSx for ONTAP to leverage AI services, customers also benefit from the built-in cyber resilience capabilities that make ONTAP the most secure storage on the planet, including real-time ransomware detection and integrated snapshots.

“NetApp provides a unified data platform that enables customers to extract value from their data across environments,” said Jasdeep Singh, Research Manager, Cloud and Edge Services at IDC. “The close collaboration between NetApp and AWS enables customers to leverage the scale, performance, and efficiency of the cloud alongside the streamlined and proven data management of NetApp ONTAP to drive innovation. Native integration with cloud-native AI and analytics services and advanced workload management capabilities give enterprises the tools they need to operate efficiently and adapt to evolving requirements.”

To learn more about FSx for ONTAP and NetApp Workload Factory, visit NetApp booth #1039 at AWS re:Invent in Las Vegas from December 1-5, 2025.

Additional Resources

• NetApp Accelerates VMware Migrations with Amazon Elastic VMware Service Integration

• Amazon FSx for NetApp ONTAP: A storage service built to optimize your AWS workloads

• NetApp Workload Factory: Workload Management

About NetApp

For more than three decades, NetApp has helped the world’s leading organizations navigate change – from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth.

At the heart of that infrastructure is the NetApp data platform – the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale.

Disaggregated by design, the NetApp data platform separates storage, services, and control so enterprises can modernize faster, scale efficiently, and innovate without lock-in. As the only enterprise storage platform natively embedded in the world’s largest clouds, it gives organizations the freedom to run any workload anywhere with consistent performance, governance, and protection.

With NetApp, data is always ready – ready to defend against threats, ready to power AI, and ready to drive the next breakthrough. That’s why the world’s most forward-thinking enterprises trust NetApp to turn intelligence into advantage.

Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

 

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Contacts

Media Contact:

Kenya Hayes

NetApp

kenya.hayes@netapp.com

Investor Contact:

Kris Newton

NetApp

kris.newton@netapp.com

Perma-Pipe International Holdings, Inc. Secures $52 Million in Third-Quarter Awards, Expands Global Reach With U.S. Data Centers and Saudi Aramco Projects

THE WOODLANDS, Texas - Wednesday, 03. December 2025

(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) today announced that it secured $52 million in project awards during the third quarter of 2025, including $30 million previously announced in September. The additional $22 million in new awards includes major data center infrastructure projects in the United States and Saudi Aramco–related projects to be executed from the company’s recently approved Dammam, Saudi Arabia facility.

“These awards underscore the accelerating demand we’re seeing across mission-critical infrastructure, especially in the data center sector,” said Marc Huber, Senior Vice President, North America. “Our teams continue to deliver the technical capabilities, responsiveness, and reliability that our customers expect as they scale up.”

Adham Sharkawi, Senior Vice President, MENA, added: “Growth in the Kingdom of Saudi Arabia is a strategic priority for Perma-Pipe. The new Saudi Aramco awards demonstrate our strengthened local presence in Dammam and reinforce our commitment to providing localized production, advanced manufacturing, and in-country value aligned with regional development goals.”

“These wins highlight the strength of the platform we have built and the disciplined execution that underpins our growth,” said Saleh Sagr, President and Chief Executive Officer. “Perma-Pipe continues to deliver reliable, high-value solutions in markets where performance and safety are critical. The momentum we are seeing across North America and the Middle East reflects not only rising demand, but also our ability to respond quickly with the engineering expertise, manufacturing capacity, and localized capabilities that set Perma-Pipe apart.”

Perma-Pipe’s expanded Dammam facility enhances the company’s regional manufacturing and fabrication capabilities, enabling faster deployment of engineered piping systems, modular components, and integrated industrial solutions for energy, utilities, and mission-critical infrastructure customers.

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at fourteen locations in seven countries.

Forward-Looking Statements

Certain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) the impact of the coronavirus ("COVID-19") on the Company's results of operations, financial condition and cash flows; (ii) fluctuations in the price of oil and natural gas and its impact on the customer order volume for the Company's products; (iii) the Company's ability to comply with all covenants in its credit facilities; (iv) the Company’s ability to repay its debt and renew expiring international credit facilities; (v) the Company’s ability to effectively execute its strategic plan and achieve profitability and positive cash flows; (vi) the impact of global economic weakness and volatility; (vii) fluctuations in steel prices and the Company’s ability to offset increases in steel prices through price increases in its products; (viii) the timing of order receipt, execution, delivery and acceptance for the Company’s products; (ix) decreases in government spending on projects using the Company’s products, and challenges to the Company’s non-government customers’ liquidity and access to capital funds; (x) the Company’s ability to successfully negotiate progress-billing arrangements for its large contracts; (xi) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xii) the Company’s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (xiii) the Company’s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xiv) reductions or cancellations of orders included in the Company’s backlog; (xv) the Company's ability to collect an account receivable related to a project in the Middle East; (xvi) risks and uncertainties related to the Company's international business operations; (xvii) the Company’s ability to attract and retain senior management and key personnel; (xviii) the Company’s ability to achieve the expected benefits of its growth initiatives; (xix) the Company’s ability to interpret changes in tax regulations and legislation; (xx) the Company's ability to use its net operating loss carryforwards; (xxi) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company’s percentage-of-completion revenue recognition; (xxii) the Company’s failure to establish and maintain effective internal control over financial reporting; and (xxiii) the impact of cybersecurity threats on the Company’s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at https://www.sec.gov and under the Investor Center section of our website (http://investors.permapipe.com).

 

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Contacts

Saleh Sagr, President and CEO

Perma-Pipe Investor Relations

847.929.1200

investor@permapipe.com

Rimini Street Launches Rimini Agentic UX™ to Bring Agentic AI Innovation to ERP Processes

  LAS VEGAS - Wednesday, 03. December 2025 AETOSWire  

Rimini Agentic UX is being implemented across dozens of client projects, delivering intelligent process automation, AI-driven productivity and enterprise-wide visibility — without requiring expensive upgrades, migrations or budget increases

 

(BUSINESS WIRE)--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 introduced Rimini Agentic UX™, an intelligent, AI-driven user engagement layer that streamlines ERP process execution for efficiency and significant savings, delivering persona- and role-based automation and productivity enhancements without the need for costly ERP Software upgrades or migrations.

Rimini Agentic UX Redefines ERP Process Execution

Rimini Agentic UX combines AI-driven orchestration, automation and UX design principles to deliver a unified, composable interface for enterprise workflows. Clients benefit from persona-based, AI-enhanced productivity and enterprise visibility to experience new levels of efficiency and operating speed. Sitting on top of existing ERP Software, Rimini Agentic UX delivers intelligent Agentic AI automation that reduces labor, streamlines workflows and transforms ERP Process execution across an entire enterprise at scale.

“Traditional ERP Software is reaching its technical and functional limits and lacks the agility required for an enterprise to respond with speed to today’s ever-changing environment,” said Seth Ravin, president and CEO at Rimini Street. “Rimini Street is leading the way forward with Rimini Agentic UX™, bringing Agentic AI ERP to the real world. With Rimini Agentic UX and the Rimini Smart Path™ methodology, we can maximize the full potential of a client’s existing solutions, deploying Agentic AI ERP over the top of existing ERP Software to deliver savings and value in weeks, not months — and within the existing budget.”

An Accelerated Roadmap to Agentic AI ERP

Rimini Street has helped thousands of organizations drive greater value from their software portfolio through ultra-responsive third-party support and optimization services, unlocking billions of U.S. dollars to reinvest in meaningful innovation and accelerated growth. With access to unmatched ERP knowledge and experience, the Rimini Smart Path™ is a tested, trusted methodology leveraged by enterprises around the world and across every major industry, to achieve real innovation faster and without increasing overall budget.

"Without Rimini Street, a ton of our projects would still be stuck at the proposal stage,” said Kevin Khoo, CIO at Sunway. “Instead, they’ve allowed us to start executing AI projects and other major tech initiatives that will be fundamental to competing and providing an excellent customer experience going forward."

Rimini Agentic UX and the Rimini Smart Path are helping organizations achieve better business outcomes with savings, speed and agility. Get started here.

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,” “continue,” “could,” “currently,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “goal,” “potential,” “predict,” “project,” “seem,” “seek,” “should,” “will,” “would” or 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, litigation, agreements and Court orders involving Oracle, the wind down of support services for Oracle’s PeopleSoft software products and the impact on future period revenue and costs incurred related to these efforts; changes in the business environment in which Rimini Street operates, including the impact of macro-economic trends, geopolitical tensions 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; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry and our intentions with respect to our pricing model; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our expectations regarding new product offerings, partnerships and alliance programs, including but not limited to our partnership with ServiceNow and our Agentic AI ERP innovation solutions; our ability to grow our revenue and accurately forecast revenue, along with the results of any efforts to manage costs to align with revenue expectations and expansion of our offerings; the expected impact of reductions in our workforce during the last and current fiscal year and associated reorganization costs; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel; our business plan and ability to grow in the future and our ability to achieve and maintain profitability; the volatility of our stock price; our need and ability to raise equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats; any deficiencies associated with artificial intelligence (AI) technologies used by us or by our third-party vendors and service providers or incorporated by us into our service offerings and/or our Agentic AI ERP innovation solutions; our ability to protect the confidential information of our employees and clients and to comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take; tariff costs, including tariff relief or the ability to mitigate tariffs, in light of new or increased tariffs imposed by the United States government and the potential for retaliatory trade measures by affected countries; a failure by us to establish adequate tax reserves; adverse developments in and costs associated with defending pending litigation or any new litigation; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our ability to maintain our good standing with the United States government and international governments, capture new contracts with governmental entities and maintain our status as an approved United States government contractor; 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 amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on October 30, 2025, 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.

© 2025 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.

 

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Contacts

Janet Ravin

VP, Global Communications

Rimini Street, Inc.

+1 702 285-3532

pr@riministreet.com

AI Takes Center Stage as the Major Threat to Cybersecurity in 2026

COSTA MESA, Calif. - Tuesday, 02. December 2025

Experian releases its 13th Annual Data Breach Industry Forecast highlighting six predictions for 2026 that include several ways AI may have an impact

(BUSINESS WIRE) -- Experian® today released its 2026 Data Breach Industry Forecast, offering a look at the evolving cyber threat landscape. The predictions address how the coming year could usher in a new wave of sophisticated attacks driven by artificial intelligence along with other threats and vulnerabilities including quantum computing.

Now in its 13th year, the forecast offers six insights into how cybercriminals are leveraging emerging technologies to create more convincing identities, evade detection, and exploit new digital frontiers. From synthetic profiles and autonomous AI agents to shape-shifting malware and even brain-computer interface vulnerabilities, the 2026 predictions point to a future where cyberattacks are more personalized, persistent, and technologically advanced than ever before.

To download the complimentary paper, go here.

“Technology is evolving at breakneck speed, and cybercriminals are often the first to adopt tools like AI to outpace defenses and exploit vulnerabilities,” said Michael Bruemmer, vice president of Global Data Breach Resolution at Experian. “It’s an uphill battle but organizations can also harness these same innovations to strengthen their security posture. With the right preparation and use of technology, companies can be in a solid position to combat attacks, but they should also be ready to deal with the fallout of a security incident.”

There have been more than 8,000 global data breaches in the first half of 2025 with approximately 345 million records exposedi. Among Experian clients, the top countries hit hardest are the United States, United Kingdom, and Canada.

“We’re entering a new era where cyberattacks are no longer just about stealing data, they’re about manipulating reality,” said Jim Steven, Head of Crisis and Data Response Services at Experian Global Data Breach Resolution in the United Kingdom. “Organizations must prepare for threats that are faster, smarter, and harder to detect. The time to act is now.”

To learn more about Experian Data Breach Resolution, attendees at the Financial Times Cyber Resilience Summit: Europe held at Convene in London can visit the Experian table and attend the panel discussion, “How can leaders combat emerging cyber security threats?” including Steven on December 3, 2025, at 4:50-5:30pm GMT.

Consumers Concerned about AI Impact

Experian research among consumers in the United States and United Kingdom shows that many are feeling the impact of savvy attacks and anxious about cyber threats worsening.

Additionally, findings reveal that younger generations are increasingly vulnerable to scams, while many victims feel unsupported after their data is compromised. Consumers question whether the companies they trust are ready to defend against sophisticated cyber threats. Overall, key findings include:

    1 in 4 millennial adults surveyed say they’ve been a victim of identity theft in the past year.

    Nearly a quarter say they’ve fallen for a phishing attack at home or work in the past 12 months.

    More than 4 in 5 are concerned about AI being used to create fake identities that are indistinguishable from real people.

Key U.S. findings:

    More than one in three (35%) adults worry about being found personally liable for monetary loss as a result of a cybersecurity mistake at work.

    69% do not believe their bank or retailer is adequately prepared to defend against AI-driven cyberattacks or they’re unsure.

    Over three-quarters (76%) believe that cybercrime will continue to increase and be impossible to slow down because of AI.

Top UK results:

    A quarter of millennial adults (25%) say they’ve been a victim of identity theft in the past year.

    One in three (33%) UK adults worry about damaging their professional reputation due to a cybersecurity mistake at work.

    Among those who’ve had their data stolen or exposed in a data breach, more than 3 in 5 (62%) did not say the organization provided adequate support.

Experian Data Breach Resolution helps organizations respond swiftly and confidently to data breaches with over 21 years of crisis management expertise and more than 69,000 incidents served. Its comprehensive services include global consumer notifications, multilingual call centers, and identity protection tools like credit monitoring and dark web surveillance. Experian’s Reserved Response™ ensures readiness with guaranteed staffing and infrastructure, while its international capabilities support breach response across 100+ countries. Whether facing a live breach, third-party incident, or class action crisis, Experian delivers tailored solutions to protect customer trust and minimize reputational risk.

For more information about Experian Global Data Breach Resolution, go to https://www.experian.com/business/solutions/fraud-management/global-data-breach-services.

About Experian

Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics, and software. We also assist millions of people to realise their financial goals and help them to save time and money.

We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.

We invest in talented people and new advanced technologies to unlock the power of data and to innovate. A FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 25,100 people across 32 countries. Our corporate headquarters are in Dublin, Ireland. Learn more at experianplc.com.
 

i Data Breach Statistics 2025: Key Trends, Costs & Risks Revealed, SQ Magazine, October 6, 2025

 

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Contacts

MEDIA CONTACTS
Sandra Bernardo
Experian
1 949 529 7550
sandra.bernardo@experian.com