Issue link: https://maltatoday.uberflip.com/i/1495507
2 NEWS 23.3.2023 GO is announcing an investment of €800,000 in cyber security services company Cybersift Holdings Limited. is investment, that has the potential to increase to €1.1 million by 2024, means that GO has acquired majori- ty shareholding in the company which complements the Group's growing portfolio. With a customer base spanning Mal- ta, Italy, and the US, Cybersift is help- ing hundreds of companies improve their cyber security by using machine learning to provide them with ad- vanced, self-learning tools for detect- ing threats. "e synergies between Cybersift's innovative approach to addressing emerging cyber threats and GO's ap- proach to security, were immediately obvious to us. is alignment made Cybersift a very attractive investment to GO as it allows us to offer world-class products to our business clients, allowing them to continue achieving their digital growth in an even more secure environment," said GO CEO Nikhil Patil. The company offers cyber security services, including its own software for detect- ing threats, which works with any existing security tools a client has and does not require any changes to their infrastructure. It also helps automate the process of investigating alerts, thus saving time whilst increasing cost efficiency for the client. Founded in 2017 by technologist David Vassallo and experienced dig- ital entrepreneur Brian Zarb Adami, Cybersift established itself as a main player in the application of machine learning and artificial intelligence to network intrusion detection, offering easily deployable technology with a fast return on investment. "Over the past years, through heavy investment, we have established our- selves with the development of prod- ucts that address issues that others are not handling as efficiently," said Brian Zarb Adami. "Our business collaboration with GO led us to realise that we share the same ambition to grow both our solutions, as well as our reach. Being able to work closely with a company that not only is well established do- mestically, assists the growth of ven- tures in which it invests, but also has a diverse portfolio of businesses made this the ideal way forward for us," he added. GO invests in cybersecurity company Cybersift Engineering company signs representation agreement with global brand Clark €800,000 investment allows GO to help its clients grow more securely STAKEHOLDERS, such as govern- ments, consumers and investors, are increasingly encouraging original equipment manufacturers (OEMs) to become more carbon-free to be able to propel theirs and their respective suppliers' ESG metrics according to an ESG report published last month in Bloomberg. "Companies like ours are not only constantly expected to review their environmental impact but are also audited on their operative carbon footprint. is is why we have cho- sen to strengthen our dealership with CLARK, knowing that this company's full commitment to leverage all the advantages of lithium-ion technology will ultimately benefit us and all those clients who choose to invest with us," said David Fleri Soler, Chief Commer- cial Officer of Express Trailers. "It is in the light of this that our en- gineering company Express Trailers Engineering Ltd is proud to renew its formal representation agreement with global forklifter company CLARK, one of the top brands in the world and a brand which we have been repre- senting for the past 16 years with its fork-lifters and palletizers," added Mr Fleri Soler. e announcement of this agree- ment comes as Express Trailers Engi- neering takes consignment of the first fleet of 10 new battery operated pal- letizers operated with Lithium-pow- ered batteries. A leader in the provision of ware- house equipment, CLARK offers a wide range of low lift trucks and mul- ti-function order pickers with Li-Ion battery. With more than one million fork- lifts built and a presence through 450 dealers in more than 90 countries, CLARK is an undisputed leader in the industrial trucks sector, with the man- ufacture of forklifts and pallet trucks, narrow-aisle forklifts and warehouse equipment for warehousing activity and port operations. DB Group has opened an office in London to identify new international opportunities for partnerships and in- vestments. "We always welcomed collaboration, joint ventures and projects that bring different expertise to the table. So it is a natural step for us to open up to the rest of the world in search of new op- portunities," said CEO Robert Debono. db Group is the Maltese holder of the Starbucks and Hard Rock Cafe fran- chises. It also owns the Seabank and San Antonio hotels as well as various upmarket restaurants including Loa, Aki, and Amami. e group's international family of- fice in Mayfair is called SDH Capital with Nicholas Portelli as the managing director. Portelli has over 25 years' experience in finance and investment. He served as the CEO of a financial services group of companies in Malta and lat- er as the senior VP of an international group based in London and operating in East Africa. In 2012, he founded and managed a real estate firm in Central London, a position he relinquished prior to joining db Group. "e db Group has been incredibly successful with its hotels, restaurants, franchises and industrial catering busi- nesses in Malta. I believe we can put this expertise to good use in new mar- kets, thereby diversifying our portfo- lio," Portelli said. He added that the Group has already identified a key investment in London that will be launched in 2024. Interna- tionalising the group's hotel and res- taurant proposition will be a key focus. For more information about SDH Capital visit www.sdhcapital.co.uk. For more information about the initiatives of the db Group visit: www.dbgroup- malta.com. db Group opens London office with eye on international investment Nicholas Portelli