All posts tagged: firm

Thoma Bravo’s Proofpoint in talks to buy cybersecurity firm Varonis, source says

Thoma Bravo’s Proofpoint in talks to buy cybersecurity firm Varonis, source says

Published by Sam Flores

Sept 2 : Thoma Bravo-owned Proofpoint is in discussions to acquire cybersecurity firm Varonis Systems, a source familiar with the matter told Reuters on Wednesday. Shares of Varonis, which has a market value of about $5 billion, closed up over 10 per cent. Private equity firm Thoma Bravo declined a request for comment, while Proofpoint and Varonis did not immediately respond. Miami-based Varonis offers cybersecurity services, including data classification on cloud storage systems and employee behavior tracking, employing over 2,400 people across 14 global offices. Its shares jumped about 30 per cent following media reports in June that the firm was weighing a sale after fielding takeover interest from private equity firms. Thoma Bravo in 2021 agreed to acquire Proofpoint, which sells software that helps companies guard against cyberattacks, valuing the firm at about $12.3 billion in the take-private deal. A takeover of Varonis would bring two complementary data security businesses together, allowing Proofpoint to strengthen its offerings around protecting sensitive corporate information and managing access to it. Deals in the cybersecurity space have slowed …

91% of professionals say their firm still falls short on AI – how to fix that

91% of professionals say their firm still falls short on AI – how to fix that

Published by skeptic

Alllex/ E+ via Getty Images Follow ZDNET: Add us as a preferred source on Google. ZDNET’s key takeaways Professionals believe AI isn’t delivering value. Too many organizations suffer from tool blast. Focus on strong use cases to deliver uplift.  As many as 91% of employees say their organization is falling short of reaching the value that AI can deliver, according to the 2026 Future of Professionals Report from global content and technology company Thomson Reuters. The research, based on a global survey of 1,800 professionals from multiple sectors, shows a widening gap between AI ambition and reality, which is becoming an increasingly significant issue, Kirsty Roth, chief operations officer at Thomson Reuters, told ZDNET. Also: Why replacing staff with AI backfires – and 5 ways smart leaders generate real value instead Eighteen months ago, employees were eager to experiment with AI, and their bosses were keen to support these explorations. Today, it’s another story. Professionals are burning through tokens as they use AI, with their bosses concerned about the upward trajectory of their IT bills. With MIT …

What could Meta’s US settlement mean around the world – and what now for other claims against firm? | Meta

What could Meta’s US settlement mean around the world – and what now for other claims against firm? | Meta

Published by Sam Flores

In October 2021, Abrham Meareg’s father, a professor of chemistry in Ethiopia’s northern town of Bahir Dar, was shot at close range and died outside his family home. This was in the middle of the country’s civil war. For weeks, Facebook’s algorithm had actively promoted posts calling for the academic to be murdered, according to Meareg and Foxglove, a nonprofit organisation supporting Meareg’s lawsuit against the company in Kenya. These posts included photos of his father and his home address. Meareg filed the lawsuit in 2022. He said he repeatedly asked Facebook to remove the posts and the company did nothing. Nearly four years later, the case has still not been heard. Foxglove said Meta, Facebook’s parent company, had “fought tooth and nail to avoid responsibility”. Meareg said: “It’s a matter of numbers to them, a matter of statistics. It has been proven multiple times that our lives do not matter to them.” On Wednesday, Meta settled a lawsuit brought by 29 US states who argued it had designed addictive products that hooked young people. …

Media and events firm TechTV Network on trial for S0,000 in allegedly unpaid salaries

Media and events firm TechTV Network on trial for S$190,000 in allegedly unpaid salaries

Published by Sam Flores

SINGAPORE: A media and events firm went on trial on Wednesday (Aug 26) for allegedly failing to pay over S$190,000 (US$150,000) in wages to four employees. The Singapore company, TechTV Network, faces 14 charges under the Employment Act.  CNA previously reported on TechTV employees’ experiences that led them to file claims with the Tripartite Alliance for Dispute Management (TADM). Ex-employees testified on Wednesday that although TechTV’s founder and director, Ms Debbie Lee, signed settlement agreements with them after TADM mediation, not all the payments were made. The trial got under way at a district court with no TechTV representative or defence counsel present. A Ministry of Manpower (MOM) investigating officer told the court that Ms Lee had said she could not represent the firm in the proceedings as she had resigned as director and was an undischarged bankrupt. In a statement taken from Ms Lee in April 2025, she had said she was the sole decision-maker for TechTV, according to the MOM investigating officer. Ms Lee had also said that TechTV was facing financial constraints …

Ex-employee let go after probation without one month’s notice wins claim against law firm

Ex-employee let go after probation without one month’s notice wins claim against law firm

Published by Sam Flores

SINGAPORE: Two days before his probation period at a law firm ended, a man was informed that he had not passed probation and that his employment would end. He filed a claim seeking one month’s salary in lieu of notice and won against the law firm, which appealed against the decision. Nanyang Law said it was entitled to let the probation period lapse and give the man a letter of non-confirmation with no notice period and no salary in lieu of notice, and that it was not a termination but simply an expiry of the probation period. In a judgment published on Monday (Aug 24), Justice of the Court of Appeal Sushil Nair dismissed the law firm’s appeal and upheld the order for Nanyang Law to pay Mr Ghui Meng Yang about S$2,900 (US$2,280). Justice Nair, who is the incoming Chief Justice, clarified that whether employment automatically ends when probation expires depends on the wording and construction of the particular employment contract. THE CASE Mr Ghui was hired as a supporting officer in April 2023 …

Kanye West’s Malibu mansion renovation lawsuit takes new turn as firm seeks dismissal

Kanye West’s Malibu mansion renovation lawsuit takes new turn as firm seeks dismissal

Published by Daniella Wilson

Get the inside track from Roisin O’Connor with our free weekly music newsletter Now Hear This Get our free music newsletter Now Hear This Get our free music newsletter Now Hear This Attorneys who represented a worker alleging he was undercompensated for supervising a renovation project at the Malibu home of Ye, the artist formerly known as Kanye West, are asking a judge to dismiss claims filed against their law firm. Handyman Tony Saxon maintained in his initial Los Angeles Superior Court lawsuit that the 49-year-old musician agreed to pay him $20,000 per week under a 2021 agreement. However, Ye provided only one $20,000 payment in addition to $100,000 intended for construction costs. Judge Brock T. Hammond previously upheld a March 11 jury decision that awarded Saxon $140,000. Ye, alongside his company, Shore Drive Holdings LLC, launched a separate lawsuit targeting Saxon and West Coast Trial Lawyers APLC, the firm representing the handyman. Their amended complaint filed July 10 asserts that a $1.8 million lien placed on Ye’s property in January 2024 was a “fabrication …

Another polling firm comes under fire for ‘falsified data’ on Florida primary

Another polling firm comes under fire for ‘falsified data’ on Florida primary

Published by Sam Flores

A major polling tracker announced Thursday it would suspend its use of data from a pollster after it discovered evidence that the firm allegedly “falsified data” in a survey of candidates in Florida’s gubernatorial Republican primary race.  The decision follows a shocking announcement last week from fake polling center Median Strategies, which admitted to spreading… Source link

‘Paw Patrol’ Enters Genetic Engineering in Pact With Bioscience Firm

‘Paw Patrol’ Enters Genetic Engineering in Pact With Bioscience Firm

Published by Daniella Wilson

The Paw Patrol litter is gonna need a scientist dogs. Maybe a poodle — they’re smart. Colossal Biosciences, a de-extinction company trying to bring back the Woolly Mammoth, has enlisted the beloved pups in its efforts to save endangered species. Paramount, Spin Master and Colossal have teamed to “teach children that real animals don’t always have the Paw Patrol to rescue them. The group playing God even got Godzilla: King of the Monsters writer/director Michael Dougherty — and the dude who voices firedog Marshall (Carter Young) — to put together a call-to-action video for the little tablet-wielders. The campaign teaches the kiddos that mayors in purple tails and top hats are not always the big bads to the animal kingdom. Usually it’s disease; often it’s us. “The next generation of protectors, that’s us. Together, we can become a real-life Paw Patrol for our planet,” the campaign tells them. Yes, it’s a real Mission PAW situation. Watch the video: Thus far, Colossal has de-extincted Red Wolves, the most endangered species of wolf with only 14 left in the wild …

Finance manager sacked for working from France tried to sue firm

Finance manager sacked for working from France tried to sue firm

Published by Sam Flores

Iryna Malyk had claimed that her ‘fully remote’ role allowed her to relocate to France A finance manager who was sacked for working from France attempted to sue her former company for unfair dismissal. Iryna Malyk brought a tribunal claim against Teleperformance Contact after she was dismissed for working remotely in Europe without its permission. Ms Malyk argued that she was unfairly dismissed by the Bristol-based company in a “disproportionate” sacking because her contract was “fully remote”. However, an employment judge threw out her claims after finding that her contract “expressly” required her to “work from her home in the UK”. The tribunal, in Bristol, heard that she worked for Teleperformance Contact from May 2022 as a European regional finance business partner. Teleperformance Contact is a subsidiary of a French multinational company and provides outsourced visa services to governments including those of the UK, France and Germany. Ms Malyk told bosses she wanted to relocate to France in 2024 after her husband was offered a job in the country. However, her line manager, Michael Aouate, …

Trump family-backed crypto firm World Liberty gets conditional bank charter approval

Trump family-backed crypto firm World Liberty gets conditional bank charter approval

Published by Sam Flores

Zach Witkoff, co-founder and CEO of World Liberty Financial and chairman of Alt5 Sigma Corp., right, and Eric Trump at the Nasdaq MarketSite in New York, Aug. 13, 2025. Adam Gray | Bloomberg | Getty Images A federal financial regulator has conditionally approved an application for a bank charter by an entity connected to World Liberty Financial, a crypto firm partially owned by President Donald Trump’s family. The Office of the Comptroller of the Currency on Friday gave conditional approval to World Liberty Trust Co.’s application for a national trust bank, according to a letter posted on the OCC’s website. The trust company is sponsored by World Liberty Financial, which says on its website it is 38% owned by “an entity affiliated with Donald J. Trump and certain of his family members.” The banking charter will enable World Liberty to issue stablecoins, a type of cryptocurrency that is backed by safe reserve assets such as U.S. Treasurys and is convertible one-to-one into U.S. dollars. World Liberty currently relies on a third party, BitGo, for some stablecoin …