Intelligent CIO Europe Issue 28 | Page 12

NEWS Oculeus wins Cybersecurity Excellence Award for Communications Fraud Protection Aptean announces acquisition of Paragon Software Systems A ptean, a global leader of mission-critical enterprise software solutions, has announced the acquisition of UK-based, Paragon Software Systems, a market-leading provider of transportation management software solutions serving the food and beverage, distribution and retail industries. This acquisition furthers Aptean’s presence in the European market and adds purpose-built software designed to meet the expanding supply chain needs of its customers around the globe. With proven solutions that assist its customers with routing, logistics, scheduling and home delivery, Paragon has seen strong growth in recent years due to the continuing rise in e-commerce and the rapidly expanding need for companies to support more timely and efficient deliveries. O culeus, a leading provider of innovative telecommunications solutions based in Germany, has won the Cybersecurity Excellence Award in the category for Communications Fraud Protection for the third consecutive year. the most damaging forms of telecoms fraud. PBX hacking and toll fraud involve cybercriminals injecting expensive telecommunications traffic, often to remote destinations, into the telephony systems of enterprises. The company won the award for its AI-driven Oculeus-Protect service for protecting enterprise telephony systems and communications networks against telecoms fraud. To execute a toll fraud attack, a cybercriminal only needs the communication credentials of a PBX system, which are available in every call. Oculeus-Protect provides an intelligent and automated framework to efficiently prevent false charges resulting from PBX hacking and toll fraud, which are two of 12 INTELLIGENTCIO Founded in 1991, Paragon has remained at the forefront of the industry for over 30 years with a track record of continuously investing in and delivering logistics software that helps customers solve real-world distribution challenges. Paragon is well positioned to take advantage of the growing transportation management market which Gartner projects will see accelerated growth over the next few years, reaching US$1.94 billion by 2022. With more than 4,700 systems deployed globally today, Paragon’s solutions are already helping its more than 300 customers transform their delivery models, including many household- name brands in the food and beverage, retail, grocery, distribution and pharmaceutical sectors. With a reputation for exceptional customer satisfaction, Paragon has built a strong global presence now poised for further expansion under Aptean’s ownership. The analyst firm Technology Research Institute estimates this telecoms fraud over enterprise PBX systems is causing around US$8 billion in financial damage each year to business worldwide. www.intelligentcio.com