Reaktr.ai Launches AI-Powered SecAi Service on Oracle Cloud Infrastructure

November 11, 2024

IRVING, Texas, Nov. 11, 2024 (GLOBE NEWSWIRE) - Reaktr, the global business unit of Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), XBP Europe ("XBP") (NASDAQ: XBP, XBPEW), and a member of the Oracle Partner Network (OPN), today announced the availability of SecAi on Oracle Cloud Infrastructure (OCI) and in the Oracle Cloud Marketplace.

A pivotal component of Reaktr's innovative AI cybersecurity suite, SecAi provides enterprises with a fully configurable generative AI validation framework that supports 120+ large language models (LLMs). Enterprises can now validate components, including training data, LLMs of choice, enterprise integrations, and responsible interactions, helping align with OWASP, the latest CVEs, MITRE Framework, and local government regulations.

"We're excited to collaborate with Oracle to deliver our SecAi service, which will help enterprises across the globe secure GenAI implementations, making them less vulnerable to bad actors," said Vineet Chaku, President of Reaktr. "Our vision for SecAi will be significantly accelerated by leveraging OCI thanks to its security and global reach across industries."

SecAi integrates with more than 80+ external data sources, and with 100,000+ scenarios and MLOps integrations it helps ensure coverage and proactive threat detection. The solution underscores Reaktr's dedication to harnessing AI and cloud solutions to deliver global enterprises secure, scalable, and reliable services.

"OCI provides a robust and reliable infrastructure that surpasses industry standards, helping ensure the utmost protection for our cybersecurity solutions," said Sripathy Balaji, SVP of product and solutions, Reaktr. "With OCI's state-of-the-art GPU ecosystems, Reaktr can help secure the end customer's GenAI ecosystem. Sitting at the center of enterprise data on OCI, Reaktr can leverage pre-integrated data sources as well as cloud-hosted LLM/ML-based solutions for enterprises. This will bring SecAi out of the box on OCI for one of the largest data-centric enterprise ecosystems."

"Reaktr understands the complexities of security challenges facing companies today," said David Hicks, group vice president, ISV business and marketing development, Oracle. "Leveraging OCI, SecAi can benefit customers and enterprises worldwide, helping ensure heightened protection and peace of mind in today's ever-evolving cyber threat landscape."

For more information about Reaktr's collaboration with Oracle and its suite of AI-powered solutions, visit Reaktr.ai.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle's partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; Industry Healthcare for partners that provide commercially available products and/or services built with Oracle Cloud and Oracle Health technologies; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork

Trademark

Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company-ushering in the new era of cloud computing.

About Reaktr.ai (pronounced reactor.ai)

Reaktr's mission is to revolutionize the technology services sector through the power of AI, delivering superior outcomes at optimal costs. Operating across 50 countries, we empower enterprises to embrace innovation, collaboration, and resilience. At Reaktr.ai, we focus on four key areas to redefine the technology landscape:

• Multi-cloud services to enterprises underpinned by our CloudX.ai platform
  • Focus on hybrid management
  • AI-driven Insights & Finops platform
• Infrastructure services build our InfraX.ai platform
  • Network Management
  • Cloud and Hybrid Management
• Managed SOC/Cybersecurity Services
  • Compliance management
  • Integrated SOC services across enterprise infra and Apps
• Data Modernization & AI consulting
  • Making enterprises' data ready for AI adoption
  • Transforming business workflows underpinned with AI

For more Reaktr news, and industry perspectives, visit:

Website: https://reaktr.ai/

X: @ReaktrAI

LinkedIn: Reaktr.ai

Instagram: @reaktr.ai

About Exela

Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune® 100. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela's software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 15,000 employees operating in 21 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner.

To automatically receive Exela financial news by email, please visit the Exela Investor Relations website, http://investors.exelatech.com/, and subscribe to Email Alerts.

About XBP Europe

XBP Europe is a pan-European integrator of bills, payments and related solutions and services seeking to enable digital transformation of its more than 2,000 clients. The Company's name - 'XBP' stands for 'exchange for bills and payments' and reflects the Company's strategy to connect buyers and suppliers, across industries, including banking, healthcare, insurance, utilities and the public sector, to optimise clients' bills and payments and related digitisation processes. The Company provides business process management solutions with proprietary software suites and deep domain expertise, serving as a technology and services partner for its clients. Its cloud-based structure enables it to deploy its solutions across the European market, along with the Middle East and Africa. The physical footprint of XBP Europe spans 15 countries, 32 locations and a team of approximately 1,500 individuals. XBP Europe believes its business ultimately advances digital transformation, improves market wide liquidity by expediting payments, and encourages sustainable business practices. For more information, please visit: http://www.xbpeurope.com.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Exchange Act, including certain financial forecasts and projections. All statements other than statements of historical fact contained in this press release, including statements as to future results of operations and financial position, revenue and other metrics planned products and services, business strategy and plans, objectives of management for future operations of XBP Europe, market size and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," "forecast" or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by XBP Europe and its management, as the case may be, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted against XBP Europe or others and any definitive agreements with respect thereto; (2) the inability to meet the continued listing standards of Nasdaq or another securities exchange; (3) the risk that the business combination disrupts current plans and operations of XBP Europe and its subsidiaries; (4) the inability to recognise the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of XBP Europe and its subsidiaries to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) costs related to the business combination; (6) changes in applicable laws or regulations; (7) the possibility that XBP Europe or any of its subsidiaries may be adversely affected by other economic, business and/or competitive factors; (8) risks related to XBP Europe's potential inability to achieve or maintain profitability and generate cash; (9) the impact of the COVID-19 pandemic, including any mutations or variants thereof, and its effect on business and financial conditions; (10) volatility in the markets caused by geopolitical and economic factors; (11) the ability of XBP Europe to retain existing clients; (12) the potential inability of XBP Europe to manage growth effectively; (13) the ability to recruit, train and retain qualified personnel, and (14) other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Annual Reports on Form 10-K filed on April 1, 2024 and, our subsequent quarterly reports on Form 10-Q and our current reports on Form 8-K as filed with the Securities and Exchange Commission (the "SEC"). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Readers should not place undue reliance on forward-looking statements, which speak only as of the date they are made. XBP Europe gives no assurance that either XBP Europe or any of its subsidiaries will achieve its expected results. XBP Europe undertakes no duty to update these forward-looking statements, except as otherwise required by law.

For more XBP Europe news, commentary, and industry perspectives, visit: https://www.xbpeurope.com/

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X: https://X.com/XBPEurope

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Facebook: https://www.facebook.com/people/XBP-Europe/61563369044267/

The information posted on XBP Europe's website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in XBP Europe should monitor XBP Europe's website and its social media accounts in addition to XBP Europe's press releases, SEC filings and public conference calls and webcasts.

Investor and/or Media Contacts:

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