Latest news with #Waterloo-based
Business Wire
09-07-2025
- Business
- Business Wire
PolyML Strengthens Leadership with Appointment of Industry Luminary Chameli Naraine to Board
WATERLOO, Ontario--(BUSINESS WIRE)-- PolyML, an innovator in data analytics and machine learning (AI), announced today that Chameli Naraine, a trailblazer in the fintech and payments industry, has joined its Board of Directors. Naraine's appointment marks a significant milestone in PolyML's growth trajectory and reflects the company's commitment to advancing responsible innovation and industry leadership. As President and CEO of Symcor from 2010 to 2024, Chameli Naraine led a sweeping digital transformation, repositioning the organization as a nimble, digital-first powerhouse. Under her leadership, Symcor became one of Canada's leading providers of secure business process outsourcing and technology services across key sectors including financial services, telecommunications, and utilities. Her strategic foresight and emphasis on culture change cemented her legacy as one of the most influential figures in Canadian fintech. 'Bringing Chameli's calibre of leadership and her deep payments industry experience to our Board is a game-changer for PolyML,' said Mardi Witzel, CEO of PolyML. 'We are incredibly excited about the strategic insights and innovative spirit she will bring to our team.' 'Chameli's visionary approach to technology, governance, and risk management will be absolutely critical as PolyML enters its next phase of growth,' said Dr. Gaston Gonnet, co-founder and Chairman of PolyML. 'Her addition strengthens our ability to deliver cutting-edge, compliant, and explainable AI solutions to global financial institutions.' Beyond her corporate achievements, Naraine is a dedicated philanthropist through the Naraine Family Foundation, which focuses on advancing education, health, and wellness initiatives for women and children in Canada, India, Honduras and Kenya. She has also converted family farms into sustainable, eco-friendly operations, providing fresh food to underserved communities and hands-on learning opportunities for students. Naraine's many accolades include being named one of Canada's Top 100 Most Powerful Women, Ascend Canada's Pan-Asian Leader of the Year, and recipient of the Trailblazer Award from Women's College Hospital. Her appointment signals a bold new chapter for PolyML as the company scales its mission to redefine the future of AI in financial services through ethical innovation, privacy-preserving technology, and explainable machine learning. About PolyML PolyML is a Waterloo-based technology company specializing in data analytics and machine learning (AI) solutions across a range of sectors. Founded by Dr. Gaston Gonnet and a team of leading computer scientists, PolyML helps financial institutions leverage value from some of their most complicated data across a range of applications. The company's platform enables extraction of high-value insights, interpretable models, and specialized approaches to forecasting—empowering organizations to deploy AI with confidence, clarity, and accountability.
Time of India
25-06-2025
- Business
- Time of India
BlackBerry raises annual revenue forecast on robust demand for cybersecurity services
Canada's BlackBerry raised its annual revenue forecast on Tuesday, anticipating steady demand for its cybersecurity services amid growing online crimes , sending the company's U.S.-listed shares up 6% after the bell. A rise in cybercrimes and hacks has spurred companies to invest heavily in cybersecurity, benefiting firms such as BlackBerry that provide security services. Cybersecurity remains largely insulated from broader spending volatility and is likely to continue as a top investment priority for customers, analysts have said. BlackBerry now sees fiscal year 2026 revenue in the range of $508 million to $538 million, up from its earlier forecast of $504 million to $534 million. The company also raised annual revenue forecast for its secure communications segment, which provides intelligent security software to enterprises and governments. Live Events It expects revenue between $234 million and $244 million for the unit, from its prior forecast of $230 million to $240 million. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The Waterloo-based company's revenue for the quarter ended May 31 stood at $121.7 million, below $123.4 million reported last year. Revenue in its QNX business rose 8.1% year-on-year to $57.5 million, while revenue from its secure communications unit fell 7.3% to $59.5 million in the first quarter.
The Star
24-06-2025
- Business
- The Star
BlackBerry raises annual revenue forecast on robust demand for cybersecurity services
FILE PHOTO: The Blackberry logo is shown on a office tower in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo (Reuters) -Canada's BlackBerry raised its annual revenue forecast on Tuesday, anticipating steady demand for its cybersecurity services amid growing online crimes, sending the company's U.S.-listed shares up 6% after the bell. A rise in cybercrimes and hacks has spurred companies to invest heavily in cybersecurity, benefiting firms such as BlackBerry that provide security services. Cybersecurity remains largely insulated from broader spending volatility and is likely to continue as a top investment priority for customers, analysts have said. BlackBerry now sees fiscal year 2026 revenue in the range of $508 million to $538 million, up from its earlier forecast of $504 million to $534 million. The company also raised annual revenue forecast for its secure communications segment, which provides intelligent security software to enterprises and governments. It expects revenue between $234 million and $244 million for the unit, from its prior forecast of $230 million to $240 million. The Waterloo-based company's revenue for the quarter ended May 31 stood at $121.7 million, below $123.4 million reported last year. Revenue in its QNX business rose 8.1% year-on-year to $57.5 million, while revenue from its secure communications unit fell 7.3% to $59.5 million in the first quarter. (Reporting by Juby Babu in Mexico City; Editing by Mohammed Safi Shamsi)
Business Times
24-06-2025
- Business
- Business Times
BlackBerry raises annual revenue forecast on robust demand for cybersecurity services
[MEXICO CITY] Canada's BlackBerry raised its annual revenue forecast on Tuesday (Jun 24), anticipating steady demand for its cybersecurity services amid growing online crimes, sending the company's US-listed shares up 6 per cent after the bell. A rise in cybercrimes and hacks has spurred companies to invest heavily in cybersecurity, benefiting firms such as BlackBerry that provide security services. Cybersecurity remains largely insulated from broader spending volatility and is likely to continue as a top investment priority for customers, analysts have said. BlackBerry now sees fiscal year 2026 revenue in the range of US$508 million to US$538 million, up from its earlier forecast of US$504 million to US$534 million. The company also raised its annual revenue forecast for its secure communications segment, which provides intelligent security software to enterprises and governments. It expects revenue between US$234 million and US$244 million for the unit, from its prior forecast of US$230 million to US$240 million. The Waterloo-based company's revenue for the quarter ended May 31 stood at US$121.7 million, below US$123.4 million reported last year. Revenue in its QNX business rose 8.1 per cent year on year to US$57.5 million, while revenue from its secure communications unit fell 7.3 per cent to US$59.5 million in the first quarter. REUTERS
Yahoo
24-06-2025
- Business
- Yahoo
BlackBerry raises annual revenue forecast on robust demand for cybersecurity services
(Reuters) -Canada's BlackBerry raised its annual revenue forecast on Tuesday, anticipating steady demand for its cybersecurity services amid growing online crimes, sending the company's U.S.-listed shares up 6% after the bell. A rise in cybercrimes and hacks has spurred companies to invest heavily in cybersecurity, benefiting firms such as BlackBerry that provide security services. Cybersecurity remains largely insulated from broader spending volatility and is likely to continue as a top investment priority for customers, analysts have said. BlackBerry now sees fiscal year 2026 revenue in the range of $508 million to $538 million, up from its earlier forecast of $504 million to $534 million. The company also raised annual revenue forecast for its secure communications segment, which provides intelligent security software to enterprises and governments. It expects revenue between $234 million and $244 million for the unit, from its prior forecast of $230 million to $240 million. The Waterloo-based company's revenue for the quarter ended May 31 stood at $121.7 million, below $123.4 million reported last year. Revenue in its QNX business rose 8.1% year-on-year to $57.5 million, while revenue from its secure communications unit fell 7.3% to $59.5 million in the first quarter. 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
