FatBrain Acquires Confidential Computing Platform ZeroTrust to Protect Data Privacy and Accelerate Innovation for Millions of Growth Businesses

Rhea-AI Summary

FatBrain AI (LZG International, Inc.; OTCQB:LZGI) announced the acquisition of Zero2A PTE LTD, gaining its ZeroTrust Platform for confidential computing and privacy IP assets. This strategic move aims to enhance data security for SMEs across various sectors, allowing them to share sensitive information without privacy risks. The platform simplifies compliance with regulations like GDPR and HIPAA, thus facilitating innovation. The acquisition is expected to empower smaller enterprises, fostering cooperative data usage and unlocking insights from complex data networks.

Positive

• Acquisition of ZeroTrust Platform enhances FatBrain's offerings.
• Enables SMEs to share data securely, accelerating innovation.
• Simplifies compliance with major data protection laws such as GDPR and HIPAA.
• Potential to unlock significant insights from shared data across industries.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / October 19, 2022 / FatBrain AI (LZG International, Inc.) (OTCQB:LZGI), the leader in powerful and easy-to-use artificial intelligence (AI) solutions for star enterprises of tomorrow, has acquired the confidential computing and privacy intellectual property (IP) plus software assets of Zero2A PTE LTD ("ZeroTrust Platform"), a software company based in Singapore.

ZeroTrust Platform secures privacy-enabled data collaboration for all enterprises, including in the energy, mobile, logistics, healthcare, finance, insurance, pharma, food security and supply chain segments. The Platform allows businesses to cooperate in learning across sensitive or regulated first-party and third-party data to unlock the hidden, multi-level insights available only from the emergent data network. ZeroTrust simplifies and accelerates hierarchical data-led innovation, while bolstering compliance, including GDPR, CCPA, HIPAA, data provenance and data residence regimes. Moreover, the Platform orchestrates Confidential Computing technologies now natively available in most hardware, making it easy to deploy secure, private, collaborative environments built on public and private cloud infrastructure.

Startup and midsize enterprises (sometimes called SMEs) can benefit from the Platform's data privacy guarantees that today are only available to enterprises with large tech teams. With a FatBrain subscription, SMEs can now share their "small" business data to harness AI solutions for comprehensive insights with no privacy risks.

"All companies need cloud economics to accelerate innovation, but many get stuck trusting their data to others," said Peter B. Ritz, co-founder and CEO of FatBrain. "ZeroTrust Platform is a critical enabler for many and small to beat large and heavy," he added, paraphrasing U.S. Naval College Prof. John Arquilla on modern warfare in Bitskrieg: The New Challenge of Cyberwarfare, Polity Books (2021). "The Platform guarantees trust and fosters cooperative innovation to join the Peer Intelligence network, to harness opportunities while minimizing risks. It's Kaggle meets WAZE."

"We're simplifying and scaling innovation," said Soubir Acharya, Chief Architect at FatBrain and CTO-emeritus at cloud mobility pioneers Kubisys and SyncSort. "Our F500 clients experienced the security and performance of Confidential Computing on IBM mainframes, each within their enterprise silos. With ZeroTrust Platform orchestrating modern cloud hardware, millions of enterprises across millions of apps can take advantage of our Peer Intelligence AI Solutions as a core part of their subscription."

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on September 13, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are based entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

About FatBrain AI (LZG International, Inc.):

FatBrain AI (LZG International, Inc.; OTCQB:LZGI) provides powerful and easy-to-use AI solutions to empower the star enterprises of tomorrow (aka mSMEs) to grow, innovate, and drive the majority of the global economy. FatBrain's AI 2.0 technologies and advanced data services transform continuous learning, narrative reasoning, cloud and blockchain technologies into auditable, explainable and easy to integrate AI solutions. FatBrain's subscription model allows all companies to deploy its advanced AI solutions quickly and easily, securely utilizing them on premises behind their firewalls or via cloud.

For more information, please visit: https://www.fatbrain.ai.

About Zero2AI PTE LTD:

Zero2AI PTE LTD is a software company based in Singapore, focused on developing applications which harness open-source AI models, packages, and solutions across many business and consumer markets.

For more information, please visit: http://zero2ai.sg

Media Inquiries:

Dennis Carey
media@fatbrain.ai

SOURCE: LZG International, Inc.

View source version on accesswire.com:
https://www.accesswire.com/721005/FatBrain-Acquires-Confidential-Computing-Platform-ZeroTrust-to-Protect-Data-Privacy-and-Accelerate-Innovation-for-Millions-of-Growth-Businesses

FAQ

What are the main benefits of FatBrain's acquisition of ZeroTrust Platform?

The acquisition enhances data privacy for SMEs, simplifies compliance with regulations, and allows secure data sharing, fostering innovation.

How does the ZeroTrust Platform improve data security for small enterprises?

The platform enables secure, privacy-enabled data collaboration, protecting sensitive information while allowing enterprises to gain valuable insights.

When was the acquisition of ZeroTrust Platform completed?

The acquisition was announced on October 19, 2022.

What is the significance of the ZeroTrust Platform for the finance sector?

It offers enhanced data security and compliance features critical for handling sensitive financial information.

What impact could this acquisition have on LZGI's future stock performance?

The acquisition could help LZGI expand its customer base among SMEs, potentially leading to increased revenues and improved stock performance.