Latest news with #JayChandan
Globe and Mail
21-07-2025
- Business
- Globe and Mail
Gorilla Technology Concludes Legal Action Against Culper Research via Settlement Agreement
London, United Kingdom--(Newsfile Corp. - July 21, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced that it has resolved its previously disclosed litigation against Culper Research ("Culper") and its founder, Christian Lamarco. The Company issued the following statement: Subsequent to a report published on April 4, 2025 by Culper Research, Gorilla Technology filed a lawsuit against Culper and its founder, Christian Lamarco, on April 16, 2025. Given recent developments, including, but not limited to, the release of Gorilla's 20F filing dated April 30, 2025 and Gorilla's earnings release dated June 18, 2025, Gorilla Technology Group and Culper Research have agreed to resolve their litigation via a confidential non-monetary settlement. Jay Chandan, Chairman & CEO, added: "We are pleased to put this matter behind us. Gorilla has spent this year doing what matters most, executing our strategy and delivering results. With over $5.6 billion in active pipeline, new capital secured and a growing global customer base, we are not just moving forward, we are accelerating. The company remains committed to maintaining high standards of transparency and performance as it enters its next phase of growth. This resolution clears the runway, and I intend to use it." Gorilla recently hosted a webinar to share updates on its recent momentum, including a $5.6 billion global pipeline of active opportunities and continued U.S. expansion with wide-scale public sector relationships. Moreover, Gorilla's strong first quarter earnings released on June 18, 2025 reinforce its continued momentum and operational progress. For more information on Gorilla's business updates, please visit the Company's investor relations website here. About Gorilla Technology Group Inc. Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.
Malay Mail
21-07-2025
- Business
- Malay Mail
Gorilla Technology Concludes Legal Action Against Culper Research via Settlement Agreement
[email protected] [email protected] London, United Kingdom - Newsfile Corp. - July 21, 2025 - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced that it has resolved its previously disclosed litigation against Culper Research ("Culper") and its founder, Christian Company issued the following statement:Jay Chandan, Chairman & CEO, added:"We are pleased to put this matter behind us. Gorilla has spent this year doing what matters most, executing our strategy and delivering results. With over $5.6 billion in active pipeline, new capital secured and a growing global customer base, we are not just moving forward, we are company remains committed to maintaining high standards of transparency and performance as it enters its next phase of growth. This resolution clears the runway, and I intend to use it."Gorilla recently hosted a webinar to share updates on its recent momentum, including a $5.6 billion global pipeline of active opportunities and continued U.S. expansion with wide-scale public sector relationships. Moreover, Gorilla's strong first quarter earnings released on June 18, 2025 reinforce its continued momentum and operational progress. For more information on Gorilla's business updates, please visit the Company's investor relations website here Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for more information, please visit our website: Public Relations Contact:Samantha DowdProsek PartnersInvestor Relations Contact:Dave GentryRedChip Companies, Inc.1-407-644-4256 The issuer is solely responsible for the content of this announcement. About Gorilla Technology Group Inc.
Malay Mail
03-07-2025
- Business
- Malay Mail
Join Gorilla Technology's Exclusive Live Investor Webinar and Q&A Session on July 10
[email protected] London, United Kingdom - Newsfile Corp. - July 3, 2025 - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, is pleased to invite investors to a webinar on July 10, 2025, at 8:30 a.m. exclusive event, hosted by RedChip Companies, will feature Gorilla's Chairman and CEO, Jay Chandan, who will discuss Gorilla's leadership in AI-based Industrial IoT and Security Convergence technologies. With over 23 years of innovation and a recently completed $105 million capital raise, Gorilla is now strongly positioned-both technologically and financially-to scale execution across its global pipeline. The Company is driving critical public safety and infrastructure modernization efforts worldwide, including its flagship Smart City project in Santa Marta, Colombia and a five-year AI partnership with Thailand's Tourist Police. Backed by a $93 million backlog and a $6.6 billion opportunity pipeline, Gorilla has guided for 2025 revenue between $100 million and $110 million with EBITDA margins of 20-25%. With 29 global patents, a veteran leadership team, and a valuation multiple well below SaaS peers, Gorilla offers investors a unique opportunity for growth and value creation.A question-and-answer session will follow the can be pre-submitted to [email protected] or online during the live in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for more information, please visit our website: This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding the Company's intended use of proceeds from the offering, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the SEC on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable Gentry, CEORedChip Companies, Inc.1-407-644-4256 The issuer is solely responsible for the content of this announcement. About Gorilla Technology Group Inc.
Associated Press
24-06-2025
- Business
- Associated Press
Gorilla Technology Enters into a Definitive Agreement to Acquire Innovative Technology Solution Providers CNS and CANS in Thailand, Unlocking New Revenue Streams in AI, Cybersecurity and AI-Powered Customer Engagement Infrastructure
London, United Kingdom--(Newsfile Corp. - June 24, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ('Gorilla' or the 'Company'), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, has entered into a definitive agreement to acquire CNS, as well as its communication and mobility subsidiary CANS, two of Thailand's most innovative technology solution providers. The transaction is expected to close in the summer of 2025. Financial terms were not disclosed. This strategic acquisition significantly enhances Gorilla's product portfolio and opens up new monetisation opportunities through a mobile-first AI-powered customer engagement infrastructure platform designed for distributed teams, telecom operators, call centres and public service agencies. This announcement marks another milestone in Gorilla's strategic expansion across Thailand and the broader Association of Southeast Asian Nations (ASEAN) region. Building on a series of high-impact digital infrastructure and AI deployments, the Company continues to strengthen its regional presence through scalable, sovereign-aligned technology that addresses national priorities in public safety, smart cities and digital transformation. With growing demand for edge AI, cybersecurity and intelligent service platforms, Gorilla is well-positioned to become a foundational layer in Southeast Asia's next wave of innovation. CNS and CANS, founded by CEO Praweena Saingam, have earned a reputation for building scalable, low-latency, CPU-optimised AI systems across video analytics, network defence and intelligent mobile platforms. With a client base of over 200 businesses and a nationwide network spanning all 77 Thai provinces, the companies bring immediate scale and deep operational know-how to Gorilla's strategy in Asian markets. Jay Chandan, Chairman and CEO of Gorilla Technology, stated: 'This is a strategic leap forward for Gorilla and for the advancement of AI in Asia. CNS and CANS are leaders in real-world deployment at scale, from public infrastructure to secure enterprise systems. The addition of its mobile-first engagement platform will allow us to offer an AI-powered customer engagement infrastructure solution that is future-ready, mobile-native and globally scalable. We see enormous recurring revenue potential, not just in Thailand but across Southeast Asia, Latin America and beyond.' Dr. Rajesh Natarajan, Chief Technology Officer of Gorilla, added: 'Incorporating this mobility first, context-aware engagement platform into our portfolio significantly accelerates our roadmap. It gives us the tools to drive hyper-personalized, intelligent communication at the edge; across telcos, smart service providers, contact centres and government agencies; unlocking new levels of operational coordination and customer connection. This transaction positions Gorilla to address a multi-billion-dollar segment in customer engagement and operational coordination as we strengthen our portfolio towards creating Smarter and Safer Cities.' Praweena Saingam, Founder and CEO of CNS and CANS, commented: 'We built CANS and CNS to solve problems at scale for Thai enterprises and government clients. Joining Gorilla gives our solutions scale and global reach. Together, we are creating intelligent, agile infrastructure that empowers teams and protects communities, whether in Bangkok, Bogotá or Berlin.' Expanding Gorilla's Product Portfolio Gorilla will integrate CNS and CANS's collective field-tested products into its global platform, including mobility-first AI-powered engagement platform, alongside CPU-optimised edge AI software for video analytics and endpoint detection. Their 30-strong research and development centre will also support Gorilla's rollout of smart infrastructure projects across the region. Addressable Market Opportunity In Southeast Asia, the Edge AI, Video Analytics and Cybersecurity market is forecast to exceed $6.8 billion by 2027, according to International Data Corporation (IDC). Growth is expected to be fuelled by government investment in smart cities, transport digitisation and national digital infrastructure. Globally, the Video Analytics market is projected to reach $23.4 billion by 2030, while Edge AI is expected to surpass $66.5 billion in the same period, based on projections from Grand View Research. Complementing these trends is the surging demand for intelligent, mobility-first customer engagement platforms. The global market for contact and customer engagement software is projected to reach $173.9 billion by 2032, growing at a CAGR of 21.2 percent according to Precedence Research. Once the transaction is completed, Gorilla will be well positioned to capitalise on this growth, able to deliver real-time, secure and intelligent interaction infrastructure for telecom operators, distributed workforces, emergency services and enterprises navigating digital transformation. About Gorilla Technology Group Inc. Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents. For more information, please visit our website: Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'might' and 'continues,' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading 'Risk Factors' in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the 'SEC') on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Investor Relations Contact: Dave Gentry RedChip Companies, Inc. 1-407-644-4256 [email protected] To view the source version of this press release, please visit
Fast Company
13-06-2025
- Business
- Fast Company
10 summer reading picks from business and financial leaders
Hello and welcome to Modern CEO! I'm Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. A few weeks ago, I published part of my summer reading list. I asked readers and CEOs to respond with their own picks, and they delivered. Here are a few that stand out, in their own words: Jay Chandan, chairman and CEO, Gorilla Technology Group Peak Performance Trading and Investing by Bruce Bower This is a powerful read that strips away the noise and gets to the essence of how elite thinking drives consistent outperformance. Bower distills decades of experience into pragmatic frameworks that are just as relevant in the boardroom as on the trading floor. His insights go well beyond markets; they offer clarity under pressure and sharpen decision-making across any high-stakes environment. Kathy Crosby, president and CEO, Truth Initiative Demon Copperhead by Barbara Kingsolver As someone who's spent years advocating for children in foster care and adoption, this book is both heartbreaking and affirming. Barbara Kingsolver gives voice to the kids too often left out of the national conversation—resilient, overlooked, and deserving of so much more. This story haunts you because it's not just fiction—it's the truth for too many. Mary Ellen Iskenderian, president and CEO, Women's World Banking Fintech Feminists: Increasing Inclusion, Redefining Innovation, and Changing the Future for Women Around the World by Nicole Casperson Through compelling storytelling and rigorous insight, Nicole Casperson shines a powerful light on the women transforming fintech and, in doing so, reshaping the global economy. This is essential reading for anyone committed to building a more equitable and resilient financial system for women everywhere. Richard Kopelman, CEO, Aprio Advisory Group The Curiosity Muscle by Diana Kander and Andy Fromm This book is a powerful reminder of how curiosity fuels progress. Kander and Fromm offer a clear, practical framework that helps teams adapt in fast-changing environments and unlocks their full potential. Their insights have inspired me to think bigger about how curiosity drives growth, avoids stagnation, and keeps us evolving. It's a timely and energizing read for anyone committed to building a culture of forward momentum and continuous learning. Philip Krim, cofounder and CEO, Montauk Climate by Javier Blas and Jack Farchy This book exposes the history behind the behemoths that dominate today's markets around commodities, power, precious metals, and others. Studying how we got here helps inform me on where we are heading. Andrew McMahon, chair and CEO, Guardian Life Insurance Company of America Co-Intelligence: Living and Working with AI by Ethan Mollick I found Co-Intelligence invaluable for its practical insights on how we can all collaborate with AI. The book reinforces Guardian's vision of using AI to enhance how we serve customers and policyholders, make decisions, and scale our impact. Anthony Scaramucci, founder and managing partner, SkyBridge Capital Frank Sinatra Has a Cold and Other Essays by Gay Talese Gay Talese released a fantastic new book, A Town Without Time, in late 2024, that is absolutely worth reading, but I recommend you start with some of his older material, Frank Sinatra Has a Cold and Other Essays. Talese is credited by Tom Wolfe with the creation of a new form of rich nonfiction writing called 'New Journalism.' As long-form journalism recedes in the face of soundbite-driven social media, I encourage readers to dig into work from the greatest storyteller of a generation. Mike Tiedemann, CEO, AlTi Tiedemann Global Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed This Pulitzer Prize winner offers a rare perspective on the history of the 1920s and the four central bankers that drove the decisions that, while well intended, ultimately led to the Great Depression. There are lessons in this book that rhyme with the world we are living in today, (e.g., currencies, inflation, trade tensions, and crypto). I found it an incredible perspective to gain about a critical time in history. Hepsen Uzcan, Americas CEO, DWS Group Right Kind of Wrong: The Science of Failing Well by Amy Edmondson In my view, this book captures the challenges between managing innovation, regulatory, and market complexities while navigating through the organizational cultural implications, highlighting the importance of psychological safety we need to foster where failures will be embraced. Fail fast to recover faster. Austin C. Willis, CEO, Willis Lease Finance Mind Hacking Happiness, Volumes 1 and 2, by Sean Webb The first volume was a validation of something that I've known for a while . . . if you don't let too many things attach to your 'self' map, you are less apt to get upset or frustrated when those things are attacked or criticized (i.e., Don't let your identity become intertwined with a sports team. That way, when one loses or is criticized, you don't find yourself getting angry.) The second volume took the concepts to a new level and discussed how mindfulness, science, and religion all interact: Specifically, how the pursuit of enlightenment is foundational to nearly all religions, although enlightenment goes by many names, and how different types of science interact with religion.
