Latest news with #DataVault
Channel Post MEA
30-05-2025
- Business
- Channel Post MEA
Finesse And Securiti To Offer Cybersecurity Solutions
Finesse has announced a strategic, partnership with Securiti, the pioneer of the Data+AI Command Center. The partnership, which was announced during the GISEC event, aims to provide cutting-edge cybersecurity solutions to businesses in the region. The partnership brings together Finesse's proven expertise in deploying transformative digital solutions with Securiti's groundbreaking technologies in managing sensitive data, offering a sophisticated blend of capabilities designed to address the multifaceted demands of today's cybersecurity landscape. By integrating Securiti's innovative AI-driven data privacy and security solutions into Cyberhub's comprehensive portfolio, Finesse is set to equip organizations with advanced tools to protect their critical information across both structured and unstructured data environments. Finesse's Cyberhub already boasts an impressive suite of solutions, including its industry-leading Cognitive Security Operations Center (CSOC), automated incident response frameworks, AI-driven Zero Trust architecture, and governance frameworks for generative AI. With the addition of Securiti's advanced platforms, such as Data Vault, Data Leakage Protection, and privacy-compliance automation, the enhanced Cyberhub offering will empower businesses to deploy proactive, scalable, and highly intelligent cybersecurity strategies. Commenting on the partnership, Megha Shastri, Vice President – Enterprise Accounts Finesse, said, 'Together with Securiti we will address critical set of challenges that organizations face in securing sensitive data across modern, distributed environments—especially in the cloud. This partnership will empower our customers with continuous visibility and control over sensitive data, reducing security risks, and ensuring compliance across environments.' 'Organizations today face a dual imperative- to innovate rapidly with AI and cloud technologies, while simultaneously maintaining stringent data security and privacy controls,' said Tahir Latif, Chief Privacy Officer ( META) at Securiti. 'Through this partnership, we are enabling enterprises to automate the discovery, classification, and protection of sensitive data at scale, providing the foundational intelligence that downstream security and AI governance solutions rely on.' Securiti's unique ability to combine robust data visibility and controls with AI intelligence aligns seamlessly with Cyberhub's mission to ensure businesses maintain visibility and control over their digital assets while staying ahead of emerging threats. This integration also enables enterprises to achieve and sustain compliance with international privacy regulations, such as GDPR, CCPA, and similar standards, through automation and data-driven insights. As AI continues to evolve, managing privacy and ethical considerations alongside threat mitigation has become a top priority for enterprises. Through this partnership, Finesse and Securiti aim to redefine the boundaries of PrivacyOps by introducing a new level of automation and transparency. Organizations will now have access to enhanced zero-trust frameworks, enabling them to mitigate risks proactively, while also fostering responsible adoption of AI technologies in their operations. 'Responsible AI governance begins with responsible data governance,' added Mr Latif. 'Without deep visibility into the flow and sensitivity of data, organizations risk deploying AI on unstable ground. The Finesse – Securiti partnership comes at a critical time when businesses are navigating an era of unprecedented cyber threats and complex regulatory landscapes. Together, these two industry powerhouses are creating a secure foundation for businesses to thrive, offering seamless integration of data security, AI governance, and privacy management solutions. 0 0
Business Wire
20-05-2025
- Business
- Business Wire
Datavault AI Finalizes Strategic Acquisition of CompuSystems, Inc. Assets
BEAVERTON, Ore.--(BUSINESS WIRE)--Datavault AI Inc. (Nasdaq: DVLT) (the 'Company' and 'Datavault AI'), a leader in AI-driven data experience, valuation and monetization, announced it expects to finalize the strategic acquisition of CompuSystems, Inc. (CSI) assets today, May 20, 2025. In alignment with this milestone, the Company will host a business update call at 9:00 AM ET, as previously announced. 'The closing of the CSI acquisition will mark a pivotal step in Datavault AI's growth strategy,' said Nathaniel Bradley, CEO of Datavault AI. 'Since the deal's announcement, we have begun client outreach, positioning the business for strong growth. We are focused on monetizing the historical, present and future data of CSI along with transitioning the entire company to scalable, repeatable and customer first solutions. Leveraging our patented suite of Web 3.0 technologies is paramount, and we are strengthening our team with an infusion of talent and event expertise that will provide us with a stable base of clientele, events and deal flow. By using our technologies inside meaningful and highly efficacious deployments and events with CSI, our AI and machine learning will also improve. Data Vault events will expand our revenue generation in a way that we can automate, replicate and scale. Our IBM watsonx TM -powered AI platform and our Datavault AI agents will improve our customers' satisfaction, revenue generation and spend with Datavault AI in coveted sports, entertainment and venue markets. We've begun to apply our patented technologies of Data Vault, Adio, and WiSA towards exploiting these markets, and we expect to benefit from the technical capabilities that afford us a competitive advantage in managing events.' 'We anticipate CSI will deliver solid revenue in 2025, comprising the majority of our 2H 2025 revenue target of $12 million to $15 million. Building on this momentum in 2026, the acquisition is expected to account for $15 million to $20 million of our target $40 million to $50 million in total revenue next year driven from a combination of DVHOLO, Adio, WiSA and Data Vault licensing and sales on our patented Information Data Exchange. I look forward to sharing more details and a broader business update during our investor call today,' added Bradley. In conjunction with the closing, Datavault will name John Mark LoGiurato as President of the CSI Division of Datavault AI (the 'CSI Division'). On May 20, 2025, in connection with Mr. LoGiurato's appointment as President of the CSI Division, Mr. LoGiurato will be granted 500,000 units of restricted stock of Datavault AI (the 'Units') as an inducement material to Mr. LoGuirato's entering into employment with the Company. The Units were approved by the board of directors of the Company and granted outside of the Company's 2020 Stock Incentive Plan and 2018 Long-Term Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4). In connection with the award of Units, Mr. LoGiurato and the Company have entered into an Inducement Award Agreement for the Units, which agreement contemplates half of the Units vesting in equal 3-month installments over a 36-month period beginning June 20, 2025, and the other half of the Units vesting upon the CSI Division obtaining aggregate revenue equaling or exceeding $25 million over any trailing 12 calendar month period ending on or prior to the date that is 5 years from the grant date. Datavault AI expects to complete the final steps outlined in the amended asset purchase agreement with CSI today. Following the transaction, CSI's assets and operations will be fully integrated into Datavault AI's business. Investor Conference Call on May 20, 2025 Datavault will host an investor call to review business progress and discuss the CSI asset acquisition: Date: Tuesday, May 20, 2025 Time: 9:00 AM ET Webcast & Presentation: Dial-in: 1-833-366-1124 (US), 1-412-317-0702 (Intl) Replay Available: Webcast replay will be available approximately one hour after the end of the call and will be available for 90 days, at the above webcast link. A telephonic replay will be available through May 27, 2025, and may be accessed by calling 1- 877-344-7529 (US) or 1-412-317-0088 (Intl) and using access code 8794302. About Datavault AI Inc. Datavault AI Inc. (Nasdaq: DVLT) is a next-generation data licensing and monetization company. Its patented platform empowers secure data valuation, exchange, and AI-driven monetization—enabling businesses and creators to unlock the true value of their data assets across cloud, Web 3.0, and experiential computing landscapes. Learn more at: About CompuSystems, Inc. CSI is a premier provider of registration, data analytics, and lead management services for live events, offering cutting-edge solutions and unparalleled customer support to clients in the trade, association, corporate, and government event markets. With a strong focus on innovation, customer service, and sustainability, CSI is dedicated to delivering exceptional event experiences for clients and their attendees. Learn more about CSI here. Forward Looking Statements Disclaimer This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as 'expect,' 'will,' 'anticipates,' 'estimates' and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, licensing initiatives, recent funding and M&A activities as well as our plans to integrate acquired businesses and technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the risk that we are unable to satisfy all closing conditions in connection with the acquisition of certain assets from CSI; our ability to successfully integrate all IP that we have acquired; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various agreements we have entered into and assets we have acquired; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement the licensed technology into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law.
Yahoo
20-05-2025
- Business
- Yahoo
Datavault AI Finalizes Strategic Acquisition of CompuSystems, Inc. Assets
Acquisition expected to drive 2H 2025 revenue and contribute $15 million to $20 million to 2026 revenue target and growth opportunities for both acoustic and data divisions Business update call today, May 20, 2025, at 9:00 AM ET BEAVERTON, Ore., May 20, 2025--(BUSINESS WIRE)--Datavault AI Inc. (Nasdaq: DVLT) (the "Company" and "Datavault AI"), a leader in AI-driven data experience, valuation and monetization, announced it expects to finalize the strategic acquisition of CompuSystems, Inc. (CSI) assets today, May 20, 2025. In alignment with this milestone, the Company will host a business update call at 9:00 AM ET, as previously announced. "The closing of the CSI acquisition will mark a pivotal step in Datavault AI's growth strategy," said Nathaniel Bradley, CEO of Datavault AI. "Since the deal's announcement, we have begun client outreach, positioning the business for strong growth. We are focused on monetizing the historical, present and future data of CSI along with transitioning the entire company to scalable, repeatable and customer first solutions. Leveraging our patented suite of Web 3.0 technologies is paramount, and we are strengthening our team with an infusion of talent and event expertise that will provide us with a stable base of clientele, events and deal flow. By using our technologies inside meaningful and highly efficacious deployments and events with CSI, our AI and machine learning will also improve. Data Vault events will expand our revenue generation in a way that we can automate, replicate and scale. Our IBM watsonxTM-powered AI platform and our Datavault AI agents will improve our customers' satisfaction, revenue generation and spend with Datavault AI in coveted sports, entertainment and venue markets. We've begun to apply our patented technologies of Data Vault, Adio, and WiSA towards exploiting these markets, and we expect to benefit from the technical capabilities that afford us a competitive advantage in managing events." "We anticipate CSI will deliver solid revenue in 2025, comprising the majority of our 2H 2025 revenue target of $12 million to $15 million. Building on this momentum in 2026, the acquisition is expected to account for $15 million to $20 million of our target $40 million to $50 million in total revenue next year driven from a combination of DVHOLO, Adio, WiSA and Data Vault licensing and sales on our patented Information Data Exchange. I look forward to sharing more details and a broader business update during our investor call today," added Bradley. In conjunction with the closing, Datavault will name John Mark LoGiurato as President of the CSI Division of Datavault AI (the "CSI Division"). On May 20, 2025, in connection with Mr. LoGiurato's appointment as President of the CSI Division, Mr. LoGiurato will be granted 500,000 units of restricted stock of Datavault AI (the "Units") as an inducement material to Mr. LoGuirato's entering into employment with the Company. The Units were approved by the board of directors of the Company and granted outside of the Company's 2020 Stock Incentive Plan and 2018 Long-Term Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4). In connection with the award of Units, Mr. LoGiurato and the Company have entered into an Inducement Award Agreement for the Units, which agreement contemplates half of the Units vesting in equal 3-month installments over a 36-month period beginning June 20, 2025, and the other half of the Units vesting upon the CSI Division obtaining aggregate revenue equaling or exceeding $25 million over any trailing 12 calendar month period ending on or prior to the date that is 5 years from the grant date. Datavault AI expects to complete the final steps outlined in the amended asset purchase agreement with CSI today. Following the transaction, CSI's assets and operations will be fully integrated into Datavault AI's business. Investor Conference Call on May 20, 2025 Datavault will host an investor call to review business progress and discuss the CSI asset acquisition: Date: Tuesday, May 20, 2025Time: 9:00 AM ETWebcast & Presentation: Dial-in: 1-833-366-1124 (US), 1-412-317-0702 (Intl) Replay Available: Webcast replay will be available approximately one hour after the end of the call and will be available for 90 days, at the above webcast link. A telephonic replay will be available through May 27, 2025, and may be accessed by calling 1- 877-344-7529 (US) or 1-412-317-0088 (Intl) and using access code 8794302. About Datavault AI Inc. Datavault AI Inc. (Nasdaq: DVLT) is a next-generation data licensing and monetization company. Its patented platform empowers secure data valuation, exchange, and AI-driven monetization—enabling businesses and creators to unlock the true value of their data assets across cloud, Web 3.0, and experiential computing landscapes. Learn more at: About CompuSystems, Inc. CSI is a premier provider of registration, data analytics, and lead management services for live events, offering cutting-edge solutions and unparalleled customer support to clients in the trade, association, corporate, and government event markets. With a strong focus on innovation, customer service, and sustainability, CSI is dedicated to delivering exceptional event experiences for clients and their attendees. Learn more about CSI here. Forward Looking Statements Disclaimer This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as "expect," "will," "anticipates," "estimates" and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, licensing initiatives, recent funding and M&A activities as well as our plans to integrate acquired businesses and technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the risk that we are unable to satisfy all closing conditions in connection with the acquisition of certain assets from CSI; our ability to successfully integrate all IP that we have acquired; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various agreements we have entered into and assets we have acquired; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement the licensed technology into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law. View source version on Contacts Investors: datavaultinvestors@
Observer
18-05-2025
- Business
- Observer
Trump's Gulf visit... what it means for the region
President Donald Trump's visit to the Gulf in May 2025 marked the beginning of his second term with a bold diplomatic and economic statement. In just five days, he secured a series of agreements with Saudi Arabia, Qatar, and the United Arab Emirates worth more than $4 trillion. While some critics claim that Trump came to the region merely to 'milk' its wealth, a closer look at the details reveals a broader strategy anchored in mutual interests, long-term planning, and shifting global alliances. In Riyadh, the United States and Saudi Arabia announced a new strategic partnership built on investments and defence cooperation. The Saudi government pledged $600 billion in new investments into the American economy, while a $142 billion defence package was signed, reportedly the largest in US history. These agreements were not limited to arms deals. They extended into sectors such as artificial intelligence, renewable energy, infrastructure, and healthcare. Saudi companies like Data Vault committed to major data centre projects in the US, while American firms such as Google and Oracle expanded their collaborative ventures in the Kingdom. Qatar followed with a series of headline-making announcements. The total value of its agreements with the US reached $1.2 trillion, including a record-setting order of over 200 Boeing aircraft. This deal alone is expected to support over 150,000 American jobs annually during the production phase. In addition, Qatar launched a joint quantum computing initiative with the US-based firm Quantinuum and confirmed a major expansion of its defence capabilities, including the purchase of cutting-edge systems for drone defence and surveillance. The two nations also signed a statement of intent for deeper long-term military cooperation, and Qatar committed to investing further in the development of Al Udeid Air Base. In the United Arab Emirates, the focus turned towards technology and energy. President Trump and UAE leaders finalised agreements worth more than $200 billion. These included a significant deal for Etihad Airways to purchase new Boeing aircraft and a bold plan by the Abu Dhabi National Oil Company (ADNOC) to increase its investment in the US energy sector to $440 billion by 2035. Perhaps the most notable development was an agreement allowing the UAE to purchase advanced AI chips from Nvidia – previously restricted under export controls. In return, the UAE agreed to stringent export compliance measures and to establish major data centres within the United States. US President Donald Trump holds a sample of oil that he was gifted as he attends a business forum at Qasr Al Watan during the final stop of his Gulf visit, in Abu Dhabi, United Arab Emirates, last Friday. — Reuters While the scale of these agreements has drawn international attention, their context is just as important. This recent tour builds on groundwork laid during Trump's first term, which included historic arms deals, the Abraham Accords, and expanded economic cooperation across multiple sectors. These initiatives positioned the Gulf states not just as clients but as strategic partners, with shared ambitions in fields like artificial intelligence, energy transition, and regional security. Reactions to Trump's Gulf tour were mixed. Supporters viewed it as a demonstration of economic diplomacy at its most effective. By securing investments, creating jobs, and reinforcing Washington's position in a competitive global environment, the administration offered a model of transactional engagement that resonated with Gulf leaders. In a time when other powers, particularly China, are vying for influence in the region, the United States reaffirmed its central role. However, scepticism was not absent. Some US lawmakers and analysts questioned the transparency of the figures and the security risks of transferring sensitive technology. Others expressed concern over the absence of discussions around regional conflicts. Despite the criticism, the nature of these agreements makes clear that Gulf states acted with strategic intent. Their investments are focused, diversified, and designed to advance national visions of economic modernisation and technological advancement. These are not mere displays of generosity, but deliberate choices in a world where influence and innovation are increasingly linked. In sum, President Trump's Gulf tour was not a one-sided affair. The agreements forged during his visit are likely to shape regional and global dynamics for years to come. They signal a renewed era of strategic alignment between the United States and its Gulf partners – one defined by collaboration, mutual benefit, and a shared pursuit of economic and technological leadership.
