VMware | September 13, 2022
VMware, Inc. today announced that it has reached a settlement with the U.S. Securities and Exchange Commission (the “SEC”) to resolve a previously disclosed investigation related to the Company’s backlog disclosures in public filings for its 2019 and 2020 fiscal years, which ran from February 3, 2018 through January 31, 2020.
Under the terms of the settlement, the Company has agreed to pay a civil monetary penalty of $8 million without admitting or denying the SEC’s findings, which relate to the Company's disclosures. The SEC’s findings do not include any findings that the Company failed to comply with generally accepted accounting principles. The SEC Staff has confirmed that it does not intend to recommend enforcement action against any current or former VMware officers or other member of management in connection with the investigation, and this settlement concludes the matter.
VMware believes this settlement is the right course of action for the Company and continues to be committed to operating at the highest level of integrity, including with respect to its public filings and communications with investors.
VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda.
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Castle Shield Holdings, | October 14, 2022
Castle Shield Holdings, LLC., a leader in Zero Trust and cybersecurity solutions, today announced that its Aeolus VPN solution now supports additional post-quantum cryptography (PQC) algorithms selected by the National Institute of Standards and Technology (NIST).
Last year, prior to the conclusion of the third round of the NIST PQC Standardization, we announced the successful integration of the Saber algorithm into Aeolus VPN. Reference our October 11, 2021, press release.
NIST has now selected two primary PQC algorithms for most use cases: CRYSTALS-KYBER and CRYSTALS-Dilithium. In addition, the signature schemes FALCON and SPHINCS+ were standardized as well. Kyber and Dilithium were both selected for their strong security and excellent performance, and NIST expects them to work well in most applications. Therefore, we have integrated Kyber (i.e., Kyber1024) and Dilithium (i.e., Dilithium5) algorithms into Aeolus VPN as well.
Aeolus VPN protects data between two or more network points. It offers a streamlined approach to privacy which results in more stability and lower latency that is a perfect addition to enterprise data-in-motion security for both classic and post-quantum computing environments. Aeolus VPN offers point-to-point asymmetric PQC and symmetric encryption for UDP and TCP on Windows, Linux and macOS platforms.
“At Castle Shield, we are encryption agnostic. As NIST selects new PQC standards, we will add them to our suite of solutions that further demonstrates the cryptographic agility of our products. Our primary focus is to seamlessly integrate the best encryption algorithms available with our solutions to protect our customer’s data for today and tomorrow,”
Dr. Milton Mattox, Chief Technology Officer at Castle Shield, Holdings, LLC
Aeolus VPN with PQC continues to be available today for testing, proofs of concept, and production installations.
About Castle Shield Holdings, LLC
Founded in 2019, Castle Shield offers a complete range of enterprise-grade cybersecurity solutions that protects enterprises and consumers against all internal and external cyber threats. Our quantum-resistant solutions (Fides) stand strong as the last line of defense for enterprise and consumer data in the emerging quantum computing threat landscape. Legion, our Security Information Event Management or (SIEM) product portfolio and Fides work together to strengthen your overall data security. We monitor and address threat vectors through our scalable, multi-tenant SIEM platform, protecting enterprise systems and data in an efficient, cost-effective manner. In addition, we utilize an advanced compliance platform (Senate) and expert analysis with an in-depth understanding of dynamic compliance standards and industry best practices to highlight cyber risk factors. Our Senate system provides comprehensive ratings for third party vendors based on technical risk scores, compliance, and financial impact in the event of a breach. Our 360° proactive security solutions are what sets Castle Shield apart independent of your IT backbone whether cloud, hybrid or premise based.
Cogent | September 12, 2022
Cogent Communications Holdings, Inc. announced today that it has entered into a definitive agreement to acquire T-Mobile's Wireline Business. Cogent's commitment to serving the Wireline Business customers it is acquiring through this transaction will cement the future for this strong legacy business as T-Mobile continues its strategic focus on providing wireless solutions to consumers and enterprises as the core of its future growth.
For Cogent, acquisition of T-Mobile's Wireline Business is expected to be an ideal strategic fit with its existing business. The Wireline Business offers the legacy Sprint U.S. long-haul network that provides an owned network asset to complement and eventually replace Cogent's current leased network and provides the ability to expand its product set, including the sales of optical wave transport services to new and existing customers. It also has a current customer base who are a fit for Cogent's products and services, and a group of experienced employees with the knowledge and capabilities to execute the company's strategy.
As part of the agreement, in addition to the fiber network and related assets and customers, Cogent will acquire certain liabilities associated with the business. In addition, at the closing of the acquisition, the parties will enter into a separate agreement pursuant to which Cogent will offer IP transit services to T-Mobile for 54 months following the closing date and T-Mobile will pay Cogent $700 million for such services, with $350 million due in equal payments over the first 12 months after closing and $350 million due in equal payments over the remaining 42 months.
Cogent expects to offer customers the ability to migrate from their legacy MPLS VPN solutions to modern Ethernet / VPLS or SD-WAN / DIA solutions for their corporate needs. Cogent also expects to facilitate the migration of netcentric internet access customers from the T-Mobile Wireline Business (legacy Sprint) AS1239 to Cogent's AS174.
A newly formed direct subsidiary of Cogent will consummate the acquisition. Cogent does not plan to issue new debt or equity in order to finance the acquisition, and the transaction is not expected to be dilutive to Cogent's existing stockholders. Cogent plans to maintain its current dividend per share, which is expected to continue to increase over time.
Houlihan Lokey served as the exclusive financial advisor to T-Mobile and T-Mobile was represented by Joseph Alexander, Nancy Victory, Marc Samuel and Jason Juall from DLA Piper.
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Cogent is a facilities-based provider of low cost, high speed Internet access and private network services to bandwidth intensive businesses. Cogent's facilities-based, all-optical IP network provides services in over 219 markets across 51 countries.