Cybersecurity - It Takes an Engineer to Catch an Engineer

Infosecurity Magazine | June 28, 2019

The explosion and exponential rise in global data breaches and malware attacks has become unprecedented and dangerous. Collating facts and figures on how many attacks makes for an interesting read, but it doesn’t solve the problems. It’s fair to say the security industry hasn’t been shy attempting to solve these problems, but to be equally fair, they don’t seem to have made much progress thus far. Not wishing to be too critical of the security industry, and may they continue with their honorable quest, but it’s most likely they’re suffering from professional blindness where these problems are concerned. Billions of dollars are invested annually in cybersecurity R&D and this investment is predominantly in the area of user authentication techniques - commonly referred to as Identity Access Management. The industry is convinced by investing more time and money on enhanced IAM techniques, that this strategy alone will solve the problems of data breaches and malware attacks. Well, who do they think cyber-criminals are – aren’t they users too? When data breaches occur, doesn’t that mean that cyber-criminals were already in the system and well beyond the IAM check point!

Spotlight

Let’s explore some of the current processes around pipeline management and forecasting and how they can be improved.

Spotlight

Let’s explore some of the current processes around pipeline management and forecasting and how they can be improved.

Related News

ENGINEERING TECH

Bentley Systems Announces the Acquisition of Aarhus GeoSoftware by Seequent

Bentley Systems | July 08, 2021

Bentley Systems, Incorporated, the infrastructure engineering software firm, announced today that its Seequent business unit had acquired Danish geophysical software developer Aarhus GeoSoftware. Seequent's solutions for operational groundwater management and sustainability initiatives, including exploration, contaminants, and infrastructure resilience, will be expanded due to the acquisition. Aarhus GeoSoftware, a spinoff company from Aarhus University in Denmark, creates the software packages AGS Workbench, SPIA, Res2DInv, and Res3DInv for the processing inversion and visualization of geophysical data from electromagnetic (EM), electrical resistivity tomography (ERT), and other sources. Users using AGS software can generate 2D and 3D pictures of subsurface electrical resistivity. The software's outputs can be used to identify and differentiate subsurface materials, and they can then be modeled in Seequent's Leapfrog to help with various subsurface investigations. The software maps the subsurface distribution of materials such as water, mineral deposits, and clays using electric field measurements acquired at ground level or airborne sensors. Electrical resistivity enables researchers and industry experts to know better the distribution of materials such as water, mineral deposits, and clays. For example, when the water contains other chemicals such as salt, the distribution can be inferred. The goal of AGS software was to map groundwater throughout Denmark to ensure clean drinking water for future generations. It is now used in a variety of applications, such as locating subsurface faults and cavities to reduce construction risk, investigating orebodies and waste rock and tailing processes in the mining, monitoring groundwater and contaminant movements to help understand environmental impacts, modeling dam and tunnel stability, and assessing landslide risk to gauge asset resilience or construction plunging. Seequent will continue its tradition of collaborating with universities and research organizations worldwide by extending its collaboration with Aarhus University to develop AGS geophysical solutions. About Seequent Seequent, a Bentley company, is a global leader developing innovative geoscience analysis, modeling, and collaborative technologies to understand geoscience and engineering design solutions better. Our solutions enable individuals to understand complicated data, manage risk, and ultimately make better decisions about earth, environment, and energy issues. Seequent software is utilized on large-scale projects worldwide, including road and rail tunnel construction, groundwater detection and management, geothermal research, subsea infrastructure mapping, resource evaluation, and spent nuclear fuel storage. Seequent's global footprint comprises its Christchurch headquarters and R&D facilities in Christchurch and Canada and a network of offices in Asia/Pacific, Africa, South America, North America, and Europe that provide leading subsurface solutions to organizations in over 100 countries. About Bentley Systems Bentley Systems is a software company that specializes in infrastructure engineering. We develop innovative software to improve the world's infrastructure, thus sustaining the global economy and the environment. Professionals and businesses of all sizes rely on our industry-leading software solutions to design, construct, and operate roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, and industrial facilities. MicroStation-based modeling and simulation applications, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins are among our products. Bentley Systems employs over 4,000 employees and generates more than $800 million in annual revenue across 172 countries.

Read More

ENGINEERING TECH

FARO Extends Digital Twin Product Suite with the Acquisition of HoloBuilder, Inc

FARO, HoloBuilder | June 08, 2021

FARO Technologies, Inc., a global leader in 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering, and Construction), and Public Safety Analytics industries, announced the purchase of HoloBuilder, Inc. today. HoloBuilder introduces to FARO its industry-leading photogrammetry-based 3D platform, which provides hardware-agnostic image capture, registration, and viewing to the rapidly increasing Digital Twin sector. HoloBuilder's technology platform, with an initial focus on ConstructionManagement, offers general contractors a solution to easily capture and virtually manage construction progress using off-the-shelf 360° cameras. HoloBuilder's SaaS platform will complement FARO's highly accurate 3D point cloud-based laser scanning with fast and easy reality-capture photo documentation and remote access capabilities to build the industry's first end-to-end Digital Twin solution—all without leaving the FARO ecosystem. The combined solution will offer comprehensive scanning and image management capabilities for the Digital Twin market, such as robotic assembly 3D simulation, construction management, facility operations and management, and incident pre-planning. The agreement provided for a cash payout of $34 million to HoloBuilder shareholders. HoloBuilder has $4.0 million in annual recurring revenue as of April 30, 2021, with a compounded yearly growth rate of over 75% since 2019. The transaction was closed on June 4 and was funded with cash reserves available. Alantra served as HoloBuilder's exclusive financial advisor. About FARO FARO has been providing industry-leading technology solutions that enable customers to measure their world and then utilize that data to make smarter decisions faster for over 40 years. FARO remains a leader in bridging the digital and physical worlds with data-driven reliable accuracy, precision, and immediacy. About HoloBuilder HoloBuilder is a San Francisco-based technology company that designs, develops, and sells enterprise software that uses 360° photographs, machine vision, and artificial intelligence. HoloBuilder has customers in over 35 countries, and users have documented over 28,000 projects to date.

Read More

ENGINEERING TECH

Building Industry Partners Forms New Specialty Building Product in Partnership With Building Products Manufacturing Industry Veteran Ted Rock

Building Industry Partners | September 01, 2021

Building Industry Partners LLC (“BIP”), the leading building industry-focused private equity investment firm, has formed a new specialty building products component manufacturing platform in partnership with building industry veteran Ted Rock – North American Specialty Laminations (“American Laminations”). BIP and Mr. Rock formed American Laminations to build a best-in-class, people-first component profile wrapping and specialty manufacturing organization. Concurrent with its formation, American Laminations made its inaugural investment, the acquisition of the assets of SourceCut Industries, Inc. in partnership with SourceCut’s existing owners and management team. Founded in 1999, SourceCut Industries, Inc. (“SourceCut”) is a fast-growing manufacturer of laminated, composite and wood components serving the residential and commercial Window & Door, Cabinet & Casegood, Architectural Millwork, Furniture and Fixture/Display Industries. This partnership and investment in SourceCut will help bring to life the Wiedenhoeft family’s vision for the business – investing in human and capital resources to bolster service of existing and new customers and position the business for significant organic and acquisition-related expansion. Brad Wiedenhoeft, founder of SourceCut, continues with American Laminations as Chief Revenue Officer. Zach Wiedenhoeft continues in his current role of President, with responsibility for the day-to-day operations of the facilities in Osseo, Wisconsin. Both Brad and Zach Wiedenhoeft will support Mr. Rock who will serve as Chief Executive Officer of North American Specialty Laminations. SourceCut Industries, Inc. will retain their business’ name. Matt Ogden, Founder & Managing Partner of BIP, said, “We’re excited to kick off our new specialty component manufacturing platform with SourceCut as our foundation, and are looking forward to working alongside the Wiedenhoeft family to build on all they have achieved. We’re also introducing a proven, growth-minded manufacturing leader in Ted Rock, growth capital, and a commitment to driving enhanced results for our employees, customers, and business operations overall. Mr. Ogden also noted, “North American Specialty Laminations is BIP’s second new platform under our people-first purpose. BIP renewed its purpose to drive a new standard in its investing that better aligns shareholder, management and employee interests, and prioritizes human capital management as a strategic pillar to building better businesses, generating better investment returns, and helping employees actualize their career goals. Brad Wiedenhoeft, the founder of SourceCut, commented “BIP’s commitment to SourceCut’s people was an intriguing factor in pursuing this partnership. BIP’s relationships, talent resources, and capital investment will allow us to continue our strategic growth plan – providing our customers excellent service levels with quality products. Most importantly, enhancing our pursuit to provide our employees best in class opportunities. I’m very excited about the positive impact this partnership will have for our great employees, and for our customers who trust us with their business.” Ted Rock joins as Chief Executive Officer of North American Specialty Laminations, drawing on his 15+ years of experience with market-leading building products manufacturing companies, and successful track record of growing private equity-backed organizations. Mr. Rock will lead the company’s future growth, including an ambitious plan to expand the platform’s footprint. He most recently served as Chief Executive Officer of Panoramic Doors, Senior Vice President of PGT Innovations, and as Chief Operating Officer of Atrium Windows and Doors. Pat Mascia, Partner & Head of Strategic Development for BIP, said, “We are grateful for the opportunity to partner with a talented and experienced leader like Ted Rock - his unique experience across Private Equity, Specialty Manufacturing, and the Window and Door segment make him especially qualified to lead American Laminations. We are honored to be working alongside Mr. Rock and the Wiedenhoeft family to build on the success they have each achieved individually, and to bring our collective experiences, skills, and resources together to drive a game-changing platform.” Ted Rock commented, “It has been a pleasure to get to know the Wiedenhoeft family, and a privilege to be entrusted to lead this platform alongside them. I am delighted by the opportunity to partner with BIP, a firm that I have admired both for their investment track record and for their explicit commitment to the employees of BIP portfolio companies. This is a fantastic opportunity for me and for SourceCut, and I’m looking forward to being a contributor to BIP’s ‘Do Good and Do Well’ mission.” Two BIP Operating Partners – Peter Stroble and Chris Kliefoth – will be joining the Board of North American Specialty Laminations as Directors. Mr. Stroble previously held roles as Chief Strategy Officer, Chief Operating Officer, and Chief Financial Officer of Alta Forest Products, North America's largest manufacturer of fence boards, as well as President of Alta's predecessor, Welco Lumber Company. Mr. Kliefoth is a Wisconsin native, with deep experience in private equity, manufacturing, and leadership – including 15+ years as President of Nationwide Industries. Partners involved in this opportunity were Holland & Knight LLC and Fifth Third Bank. Intrinsic LLC, CBIZ Insurance Services, Inc., DSG Benefits Group, and ATEC were also instrumental. Building Industry Partners (“BIP”) Forms New Specialty Building Products Component Manufacturing Platform, North American Specialty Laminations (“American Laminations”), in Partnership With Building Products Manufacturing Industry Veteran Ted Rock American Laminations seeks to build a best-in-class component profile wrapping and specialty manufacturing organization to better serve the building products industry. The Company will engage people-first business practices and broad-based employee ownership as part of BIP’s mission to better align collective shareholder, management & employee interests, elevate workforce prosperity, and drive enhanced organizational performance in its portfolio companies. American Specialty Laminations makes its inaugural investment via the acquisition of the assets of SourceCut Industries Inc. (based in Osseo, Wisconsin), in partnership with Ted Rock, Brad and Zach Wiedenhoeft, and the business’ managers and workforce. August 30, 2021 10:20 PM Eastern Daylight Time OSSEO, Wis.--(BUSINESS WIRE)--Building Industry Partners LLC (“BIP”), the leading building industry-focused private equity investment firm, has formed a new specialty building products component manufacturing platform in partnership with building industry veteran Ted Rock – North American Specialty Laminations (“American Laminations”). BIP and Mr. Rock formed American Laminations to build a best-in-class, people-first component profile wrapping and specialty manufacturing organization. Concurrent with its formation, American Laminations made its inaugural investment, the acquisition of the assets of SourceCut Industries, Inc. in partnership with SourceCut’s existing owners and management team. Founded in 1999, SourceCut Industries, Inc. (“SourceCut”) is a fast-growing manufacturer of laminated, composite and wood components serving the residential and commercial Window & Door, Cabinet & Casegood, Architectural Millwork, Furniture and Fixture/Display Industries. This partnership and investment in SourceCut will help bring to life the Wiedenhoeft family’s vision for the business – investing in human and capital resources to bolster service of existing and new customers and position the business for significant organic and acquisition-related expansion. Brad Wiedenhoeft, founder of SourceCut, continues with American Laminations as Chief Revenue Officer. Zach Wiedenhoeft continues in his current role of President, with responsibility for the day-to-day operations of the facilities in Osseo, Wisconsin. Both Brad and Zach Wiedenhoeft will support Mr. Rock who will serve as Chief Executive Officer of North American Specialty Laminations. SourceCut Industries, Inc. will retain their business’ name. Matt Ogden, Founder & Managing Partner of BIP, said, “We’re excited to kick off our new specialty component manufacturing platform with SourceCut as our foundation, and are looking forward to working alongside the Wiedenhoeft family to build on all they have achieved. We’re also introducing a proven, growth-minded manufacturing leader in Ted Rock, growth capital, and a commitment to driving enhanced results for our employees, customers, and business operations overall. Mr. Ogden also noted, “North American Specialty Laminations is BIP’s second new platform under our people-first purpose. BIP renewed its purpose to drive a new standard in its investing that better aligns shareholder, management and employee interests, and prioritizes human capital management as a strategic pillar to building better businesses, generating better investment returns, and helping employees actualize their career goals. Brad Wiedenhoeft, the founder of SourceCut, commented “BIP’s commitment to SourceCut’s people was an intriguing factor in pursuing this partnership. BIP’s relationships, talent resources, and capital investment will allow us to continue our strategic growth plan – providing our customers excellent service levels with quality products. Most importantly, enhancing our pursuit to provide our employees best in class opportunities. I’m very excited about the positive impact this partnership will have for our great employees, and for our customers who trust us with their business.” Ted Rock joins as Chief Executive Officer of North American Specialty Laminations, drawing on his 15+ years of experience with market-leading building products manufacturing companies, and successful track record of growing private equity-backed organizations. Mr. Rock will lead the company’s future growth, including an ambitious plan to expand the platform’s footprint. He most recently served as Chief Executive Officer of Panoramic Doors, Senior Vice President of PGT Innovations, and as Chief Operating Officer of Atrium Windows and Doors. Pat Mascia, Partner & Head of Strategic Development for BIP, said, “We are grateful for the opportunity to partner with a talented and experienced leader like Ted Rock - his unique experience across Private Equity, Specialty Manufacturing, and the Window and Door segment make him especially qualified to lead American Laminations. We are honored to be working alongside Mr. Rock and the Wiedenhoeft family to build on the success they have each achieved individually, and to bring our collective experiences, skills, and resources together to drive a game-changing platform.” Ted Rock commented, “It has been a pleasure to get to know the Wiedenhoeft family, and a privilege to be entrusted to lead this platform alongside them. I am delighted by the opportunity to partner with BIP, a firm that I have admired both for their investment track record and for their explicit commitment to the employees of BIP portfolio companies. This is a fantastic opportunity for me and for SourceCut, and I’m looking forward to being a contributor to BIP’s ‘Do Good and Do Well’ mission.” Two BIP Operating Partners – Peter Stroble and Chris Kliefoth – will be joining the Board of North American Specialty Laminations as Directors. Mr. Stroble previously held roles as Chief Strategy Officer, Chief Operating Officer, and Chief Financial Officer of Alta Forest Products, North America's largest manufacturer of fence boards, as well as President of Alta's predecessor, Welco Lumber Company. Mr. Kliefoth is a Wisconsin native, with deep experience in private equity, manufacturing, and leadership – including 15+ years as President of Nationwide Industries. Partners involved in this opportunity were Holland & Knight LLC and Fifth Third Bank. Intrinsic LLC, CBIZ Insurance Services, Inc., DSG Benefits Group, and ATEC were also instrumental. About Building Industry Partners Building Industry Partners (“BIP”) is the leading private equity investment firm focused on the U.S. building industry. Founded by Matt Ogden in 2008, BIP is headquartered in Boston, with partners across the U.S. The firm is led by Matt and Partners Pat Mascia, Pete Robinson, and Stu Kliman and supported by the firm’s Operating Partners. BIP invests its Partners’ own capital, as well as that of a number of strategic, like-minded investors, including business leaders and family offices affiliated with the U.S. building industry.

Read More