Latest news with #riskMitigation
Times of Oman
2 days ago
- Business
- Times of Oman
Sohar Emergency Response Organisation inaugurated
Muscat: Under the patronage of Eng. Saeed bin Hamoud bin Saeed Al Mawali, Minister of Transport, Communication, and Information Technology, Sohar Port and Freezone hosted the inauguration ceremony of the Sohar Emergency Response Organisation, a milestone that redefines industrial safety and resilience in Oman. The Sohar Emergency Response Organisation is a fully integrated initiative, jointly established by Sohar Port and Freezone in close partnership with its tenant community. Designed to serve all stakeholders, from employees and contractors to port users and visitors ,this model represents a unified, community-wide approach to emergency preparedness. Its collective nature is what sets it apart as a first-of-its-kind initiative in the region. Ensuring the safety of people and the protection of valuable assets are fundamental principles at Sohar. The Emergency Response Organisation enhances risk mitigation, safeguards facilities, and ensures business continuity, directly supporting Sohar's mission to be a reliable, safe, and sustainable industrial hub. Eng. Saeed bin Hamoud bin Saeed Al Mawali, Minister of Transport, Communication, and Information Technology, emphasized the broader significance of this achievement: 'The Sohar Emergency Response Organisation represents a critical step in aligning with Oman's vision for resilience and sustainability. By enhancing safety standards and ensuring operational continuity, it supports not only Sohar's growth but also Oman's strategic objectives in the logistics sector.' 'This is not just a facility, it is a strategic outcome of collaboration,' said Abdullah Al Jabri, Chairman of the Board of SoharPort and Freezone. 'Together with our tenants, we have built a shared resource that protects the entire Sohar ecosystem. This unified model reflects our collective responsibility toward safety, operational excellence, and long-term resilience.' Operating 24/7 and equipped with advanced technologies, the center provides rapid response to a wide range of emergency scenarios, from medical incidents and industrial fires to hazardous materials and technical rescues. Developed in collaboration with international experts such as the Safety Authority Rotterdam, and operated by Unity Fire and Safety Services LLC, the facility aligns with the best global practices adapted to the local context. The inauguration of the Sohar Emergency Response Organisation sets a new regional benchmark in industrial safety, not only for its operational capability, but for its ability to unite diverse stakeholders under one mission: protecting the entire Sohar community through collective action.
Yahoo
5 days ago
- Business
- Yahoo
Flow Capital Announces a US$5.0 Million Investment in Congruity 360
TORONTO, May 29, 2025 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) ('Flow Capital' or the 'Company') is pleased to announce the successful closing of a US$5.0 million senior note investment in Congruity 360, a leading provider of unstructured data management and risk mitigation solutions. Congruity 360's Classify360 platform equips organizations with critical capabilities to understand, manage, and secure petabyte-scale unstructured data across cloud, SaaS, and on-premises environments. Its capabilities include data discovery and classification, identification of governance and compliance vulnerabilities, and automated workflows for remediation and infrastructure optimization. Already trusted by Fortune 500 companies operating across the globe, Congruity 360 will use the capital to fuel continued product innovation and growth. 'The unstructured data management and classification market is thriving! We were impressed by Congruity 360's market and product momentum, particularly its automated governance workflow and the introduction of AI into the classification process,' said Alex Baluta, CEO of Flow Capital. 'Given its high growth rate, Flow's covenant-light, founder-friendly capital was a perfect fit for Congruity 360's needs.' '2025's wins have accelerated our product and GTM plans! We are excited to partner with Flow Capital,' said Brian Davidson, CEO of Congruity 360. Technology companies seeking flexible growth capital are invited to apply for funding directly at About Congruity 360 Congruity 360 delivers the only data management solution built on a foundation of classification, by experts in data storage and data privacy. The Classify360 platform is easy to implement, requires no outside consultants, and quickly analyzes and remediates your data at a petabyte scale in days, not weeks or months. About Flow Capital Flow Capital Corp. is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking $2 to $10 million in capital to drive their continued expansion. Learn more at For further information, please contact: Flow Capital Corp. Alex Baluta Chief Executive Officer alex@ 47 Colborne Street, Suite 303, Toronto, Ontario M5E 1P8 Forward-Looking Information and Statements Certain statements herein may be 'forward-looking' statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
