Latest news with #SmartCycle
Yahoo
11-07-2025
- Business
- Yahoo
Stonepeak to purchase co-control stake in reusable packaging company IFCO
Alternative investment company Stonepeak has signed a definitive agreement to acquire a 50% co-controlling interest in IFCO Group, a provider of reusable packaging solutions for fresh foods. This stake is being purchased from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Triton, an existing shareholder and European mid-market investor, will maintain its partnership with IFCO, resulting in equal ownership and governance between Stonepeak and Triton. Stonepeak senior managing director Nikolaus Woloszczuk said: 'As the operator of the largest and most established logistics network for reusable packaging in the grocery supply chain globally, IFCO represents a critical component of the logistics infrastructure delivering fresh produce.' IFCO, established in 1992, manages a logistics system that uses more than 400 million reusable packaging containers (RPCs) to allow over 2.5 billion annual shipments of fresh produce, meat, poultry, seafood, eggs, and bread across over 50 countries. The company operates around 140 service centres globally to clean and repair RPCs, supporting a closed-loop, circular supply chain. IFCO's reusable solutions provide cost savings, sustainability benefits, and automation efficiencies for major food retailers and producers, according to Stonepeak. With approximately 2,000 employees, IFCO serves more than 300 retailers and 18,000 growers worldwide. IFCO CEO Michael Pooley said: 'With the support of ADIA and Triton, IFCO has gone through a successful strategic and operational transformation and delivered strong growth. 'We want to thank both investors for their contribution and welcome Stonepeak as a new partner alongside Triton.' The transaction is subject to customary regulatory approvals and is anticipated to close in the fourth quarter (Q4) of 2025. Citi is acting as financial advisor and Kirkland & Ellis as legal counsel to Stonepeak while Bank of America and Morgan Stanley & Co. International are advising ADIA and Triton, with legal counsel from Latham & Watkins and Freshfields Bruckhaus Deringer. In January this year, IFCO announced that its SmartCycle circular pooling system helped customers save 674,333 tonnes of carbon dioxide emissions in 2024 by replacing single-use packaging. "Stonepeak to purchase co-control stake in reusable packaging company IFCO" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
25-03-2025
- Business
- Associated Press
AI-Powered SmartCycle(TM) Intelligently Prioritizes DDoS Vulnerabilities to Cut Time to DDoS Identification and Remediation
MazeBolt launched its new SmartCycle feature to further enhance the DDoS Vulnerability Management provided by the RADAR™ solution. RAMAT GAN, ISRAEL / ACCESS Newswire / March 25, 2025 / MazeBolt, a leading provider of DDoS Vulnerability Management solutions, has introduced SmartCycle, a new enhancement to its RADAR offering. SmartCycle is an AI-powered DDoS simulation engine that intelligently prioritizes the attack vectors that are most likely to cause damage to a specific environment, during an RADAR Dashboard - DDoS Vulnerability Management MazeBolt RADAR Dashboard - DDoS Vulnerability Management Leveraging MazeBolt's unique vulnerability data to train its AI engine, SmartCycle can reliably predict which attack vectors are highly likely to bypass an organization's defenses - and enables RADAR to test them first. This capability ensures that organizations receive the most critical information up front. SmartCycle makes DDoS vulnerability validation a realistic possibility even when faced with extensive attack surfaces spanning millions of potential attack points. By leveraging AI to very accurately pinpoint the most serious threats, RADAR can then verify their real-world status. This approach transforms how the largest organizations can identify and remediate DDoS vulnerabilities at scale. It enables organizations to prevent damaging DDoS attacks - before they happen. MazeBolt's industry-leading RADAR technology is the only solution available that allows enterprises to eliminate all known DDoS vulnerabilities by providing complete visibility into the entire DDoS attack surface. It enables organizations to validate their DDoS Protections, remediate vulnerable protection configurations, and keep services online. MazeBolt's new AI-powered SmartCycle selects the order of DDoS attack vector testing using real-time risk data to dynamically set the DDoS simulation sequence based on each enterprise's unique protections and target attributes. SmartCycle refines and boosts RADAR's DDoS Vulnerability Management with: Effective AI simulation selection: RADAR validates AI vulnerability predictions in the environment immediately. Improved security posture: Identification and elimination of vulnerabilities quickly - increases security dramatically. Increased accuracy: Enhances the precision of DDoS simulations by focusing them on the most critical attack vectors. Optimized Resource Allocation: Helps security teams prioritize remediation efforts. Reduced Risk: Ensures business continuity by eliminating the risk of unpatched vulnerabilities and reducing time to remediate. According to Matthew Andriani, CEO MazeBolt, 'Organizations often struggle with an overwhelming number of vulnerabilities in their DDoS protections. Validating these defenses efficiently, even with the best automation, takes time.' 'MazeBolt's AI-powered SmartCycle introduces a breakthrough capability that significantly accelerates vulnerability identification,' Andriani continued. 'It rapidly guides DDoS simulations based on the specific environment - ensuring the most critical vulnerabilities are the first ones to be remediated.' About MazeBolt MazeBolt RADAR™ is a patented solution addressing the highly vulnerable DDoS protection market. Without affecting online services, through ongoing nondisruptive DDoS attack simulations, RADAR continuously identifies and enables remediation of DDoS vulnerabilities that lead to damaging downtime. Global enterprises trust RADAR to proactively prevent damaging attacks, eliminating reliance on reactive manual responses or SLA guarantees. With its unique technology, RADAR provides unparalleled visibility into defense configurations, empowering organizations to prevent attacks entirely and maintain uninterrupted business continuity. Learn more at:
