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(Reuters) - Cisco methods Inc talked about on Thursday it might buy Duo protection, a assignment capital-backed cyber safety business, for $2.35 billion in money, as participate of its shove to expand into a faster turning out to breathe belt of software than its core business.
A Cisco techniques signal is considered outside a Cisco fitness sanatorium at Cisco systems in San Jose, California, U.S., March 22, 2018. picture taken March 22, 2018. REUTERS/Elijah Nouvelage
The deal is the largest acquisition for Cisco on the grounds that its $three.7-billion purchase of company efficiency monitoring software enterprise AppDynamics terminal 12 months, and its greatest in the cyber protection sector because its $2.7-billion takeover of Sourcefire in 2013.
The deal is an sample of “a flux toward utility and their shift to extra recurring salary with new subscription-based mostly solutions,” Robert Salvagno, head of Cisco’s company development spoke of on a conference name Thursday.
Many corporations are on the hunt for deals to extend their cybersecurity choices as organisations wish to bulk up their defenses in opposition t a wave of cyber attacks by using criminals, spies and hacker activists. prior this month, telecommunications company AT&T Inc bought AlienVault, a cybersecurity provider for petite and medium-measurement companies.
“Cisco is getting its act together within the cyber protection market,” credit Suisse analyst Brad Zelnick pointed out in a research observe, noting that Cisco has acquired 5 security corporations over the terminal three years.
Cisco shares rose 1.6 percent at $42.fifty four on Thursday.
The deal represents a rare multi-billion dollar exit for cybersecurity venture traders who had been pouring money at a listing tempo into a crowded market. There are over 3,000 cyber
protection organizations with greater than four hundred being funded per year, according to advisory solid Momentum Cyber.
One project capital firm, Benchmark, noticed a 20 instances recur on its early investment in the business, according to a supply customary with the matter. Benchmark declined to comment.
primarily based in Ann Arbor, Michigan, Duo had raised $119 million to this point from investors such as Lead side Capital, Index Ventures, Workday, Redpoint Ventures and genuine Ventures.
Duo’s platform allows clients to assess their id with a two-step authentication technique, a product that Cisco executives observed turned into key as extra of their shoppers try to securely connect to applications within the cloud.
The deal, suggested first via Reuters, is expected to nigh within the first quarter of Cisco’s fiscal 2019.
Cisco has been making efforts to transform itself past networking. anyway security, it's also concentrated on investing in what it calls the web of issues and cloud-based functions.
Cisco changed into counseled with the aid of Goldman Sachs and Barclays as smartly because the legislation company Fenwick & West. Duo become counseled by Qatalyst partners and legislation solid Gunderson Dettmer.
Reporting by means of Liana B. Baker in manhattan and Akanksha Rana in Bengaluru; enhancing with the aid of Nick Zieminski and Anil D'Silva
LAS VEGAS — a while ago, Cisco items had been closed methods, said consumer Kaushik Saha, a digital architect at India-based mostly IT services company Wipro. That’s not the case anymore — and it’s a superb element, he immediately introduced.
indeed. At its Cisco live event in Las Vegas, Cisco programs Inc. expounded on its present approach to networking, one that takes into consideration the IT needs of the digital transformation era.
in accordance with CEO Chuck Robbins during his opening keynote, purchasers are embracing mobility, cloud, analytics and the web of issues (IoT) as they appear to breathe to digitize business operations.
with no effort put, the “digital-equipped” community has to maintain up, according to Robbins. constructing off its Digital community architecture (DNA) approach it announced this past March, Robbin referred to that the know-how helps companies as they acquire the shift from hardware-centric to software-driven, from manual to automated, and from closed to programmable.
and because the community evolves, so too may still the cybersecurity method, based on the business; Cisco on Monday unveiled new functions and cloud-primarily based protection options developed with Cisco’s threat-centric safety architecture. according to the business, the outfit seat of attention on the network to the endpoint to the cloud, an method that makes it possible for organisations to extra immediately determine threats and remediate them in below 17 hours – tons faster than the business accustomed of one hundred days.
mainly, Cisco introduced here:
Cisco Umbrella Roaming: A centralized, cloud-delivered insurance policy approach that aims to to eradicate off-community blind spots, guarding roaming personnel wherever they work. With Umbrella Roaming, now embedded as a module with Cisco’s AnyConnect VPN answer, companies can add a new layer of off-community coverage that blocks connections to malicious sites without desiring to installation yet another agent.
Cisco Umbrella department: This cloud-delivered retort offers corporations greater control over visitor Wi-Fi use with simple content filtering. With Umbrella branch, groups can without problems upgrade built-in functions Routers (ISR) for standard, quick and finished protection at department areas.
Cisco protection Orchestrator: This cloud-based administration application permits clients toeasily and easily control a ample security infrastructure and policies in distributed places across hundreds of instruments via an simple cloud-based mostly console. It cuts through complexity to control security policies across Cisco security items from ASA and ASAv firewalls to Cisco Firepower next- technology firewalls and ASA with FirePOWERTM features that includes Firepower danger protection, and OpenDNS.
Cisco Meraki MX security home outfit with advanced Malware protection (AMP) and danger Grid : This cloud-managed unified risk management (UTM) retort simplifies advanced threat insurance arrangement for the dispensed business, presenting offshoot places of toil with malware protection that tests data in opposition t its cloud database to identify malicious content material, blockading the information earlier than clients down load them.
Stealthwatch researching Networks License: This component permits the Cisco ISR to behave as a safety sensor and enforcer for department desultory protection. It makes it possible for groups to celebrate and tune anomalies in network traffic, resolve suspicious network activity, and identify malicious site visitors.
Robbins offered that in addition to Cisco partnerships and acquisitions, the seat of attention on cloud-based IT security on the network layer could breathe critical affecting forward.
As a corporation, Cisco is focused on relocating “quick, after which even sooner than that” when it comes to digital transformation and the network, Robbins spoke of.connected download Sponsor: GoDaddyThe SMB IT Reseller panorama in Canada: A Time of TransitionIT World Canada currently carried out a survey and interviews of Canadian resellers. The peruse at, backed via GoDaddy, exhibits that Canadian SMB resellers beget taken fantastic strides forward to adjust to the digital period.read greater
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Shares of Proofpoint (PFPT) are on firmer ground this year thanks to investor optimism about some of the cybersecurity vendor’s newer product offerings. Proofpoint stock fell 5% in 2018, dragged down in participate by concerns about slowing growth in the company’s core email security business. So far this year, the stock is rallying 44%.
Long-term shareholders of Proofpoint had their forbearance tested terminal year, as the stock hit a new 52-week low of $75.92 in late October, falling 41% from the all-time lofty of $130.27 reached in May 2018.
But a tenacious fourth-quarter earnings report in late January (both revenue and earnings easily beat the consensus estimates) resulted in a one-day rally of 12.4% in the participate expense and helped help overall investor sentiment. In the middle of March, the stock rebounded to an intraday lofty of $125.68.
As it turns out, each and every of that worrying about Proofpoint’s growth profile was overdone. The company’s email security business is still experiencing solid demand.
Cybercriminals continue to use email as a top bombard vector because they know humans are often the weakest link in an organization when it comes to security. In email fraud attacks, frequently delivered via spoofed email addresses or fraudulently registered domains, attackers signify on users to click on Dangerous links or attachments.
Proofpoint has a portfolio of 17 cloud-based security solutions, operating in a total addressable market (TAM) of $12 billion. The company’s newer products, which expanded the TAM by an estimated $5 billion, are now starting to really befriend bolt the needle. In the December quarter, the emerging offerings accounted for more than 30% of each and every new and add-on business, signaling growing acceptance across the customer base.
Email Fraud Defense (EFD) is one of the newer solutions that has been seeing tenacious demand. EFD gets included in many of Proofpoint’s largest enterprise deals. Email fraud, such as domain spoofing and lookalike domain spoofing, costs organizations billions of dollars a year, while phishing attacks are at record levels. EFD blocks fraudulent emails before they gain employees, partners and customers. Users are able to view each and every inbound imposter threats from a solitary portal.
Threat Response—a security orchestration, automation and response (SOAR) solution—is another emerging product with tenacious underlying momentum. The solution handles several key parts of the incident response process. First, it collects lots of information (ranging from security alerts to endpoint forensics data), then automates workflows and response actions based on each and every of the data it ingests. Auto-generated reports even measure the overall effectiveness of the security response.
With more software affecting to the cloud each and every the time, Proofpoint’s Cloud App Security Broker (CASB) offering is gaining traction. The solution helps protect various cloud applications (including Office 365, G Suite and Box), providing granular visibility and better controls. Proofpoint CASB offers insights into cloud usage at the global, app and user level. It checks for suspicious log-ins and activity in the cloud, while identifying vital SaaS files at risk.
Last year, Proofpoint paid $225 million to acquire Wombat, a provider of phishing simulation and security awareness computer-based training. Wombat operates in a TAM that’s expected to gain $1 billion in 2021, estimates Gartner.
With the addition of Wombat, Proofpoint customers are able to use actual detected phishing attacks for training simulations. Wombat also enables quick responses to user-reported phishing incidents, leveraging orchestration and automation to find true attacks, quarantine emails in users’ inboxes and lock down compromised accounts.
On the Q4 earnings call, management talked up the tenacious growth prospects for Wombat, which was included in a number of large deals in the latest quarter. Proofpoint CEO Gary Steele, citing “great claim within the installed base,” named Wombat the product he’s most excited about for 2019.
Management on the Q4 call also talked about how it handled some recent sales productivity challenges related to the ramping of new reps. In Q4, Proofpoint saw improved sales productivity from recent hires. Steele mentioned a “completely reimagined and revamped focus” on how new reps first engage with customers and potential customers. An improved training program, better mentoring and reduced sales friction via solution bundles are each and every working to boost sales coerce productivity.
Proofpoint ended 2018 on a lofty note, and the company looks to breathe well positioned for the year ahead. Revenue in Q4 rose 35% to $198.5 million, including about $3 million pulled in early from Q1 of 2019. Even though that business got shifted into Q4, the company was still able to proffer Q1 top-line guidance that was above the consensus estimate at the midpoint.
It’s notable that Q4 billings of $269.9 million easily beat the lofty conclude of the guidance range, rising an impressive 43%, acceleration from growth of 33% in the previous quarter.
Proofpoint continues to expand its presence at larger organizations. The company’s enterprise customer foundation now totals 6,100, up 25% organically year over year. About 53% of the Fortune 1000 are customers.
In 2018, the enterprise edition of Proofpoint’s Targeted bombard Protection (TAP) offering, for dealing with advanced attacks such as ransomware, boosted its customer foundation by 30% to 3,900. The penetration rate for TAP across the enterprise customer foundation stands at 64%.
For 2019, Proofpoint should breathe able to generate greater add-on sales, as large customers sign up for more of the company’s offerings. Proofpoint now counts 2,900 customers with three or more products, up 45% from the year-ago level.
Proofpoint’s 2019 revenue guidance gain of $870 million to $874 million represents growth of 21.6% at the midpoint. At the recent market cap of $6.7 billion, the forward revenue multiple (using the 2019 consensus estimate of $873.2 million) is 7.6. On the 2020 consensus revenue estimate of $1.06 billion (representing growth of 21%), the forward revenue multiple stands at 6.3.
Symark announced PowerKeeper 3.0, the latest version of their advanced privileged account access management appliance for the secure creation, control, storage and retrieval of privileged administrative account passwords.
PowerKeeper 3.0 includes back for application-to-application (A2A) and application-to-database (A2DB) connectivity, and bolsters security by replacing embedded credentials with one-time-use passwords. The new version also utilizes the HP ProLiant DL360 G5 server, which, when combined with PowerKeeper 3.0, significantly improves system availability and facilitates greater scalability to exploit more users, managed systems and managed accounts per appliance.
PowerKeeper provides the combination of a secured, hardened appliance with the use of only commercially supported FIPS-140 validated encryption components. This provides the best security techniques available for protecting passwords — and the accounts they access — from unauthorized use.
By protecting the UNIX/Linux root, Windows Administrator and other privileged accounts such as Cisco Enable — the virtual “keys to the kingdom” — PowerKeeper enables organizations to create a secure access control infrastructure that satisfies corporate governance, compliance and risk guidelines. PowerKeeper also tracks and logs each and every password activity — including requests and releases — and creates a comprehensive audit trail from which various reports can breathe generated.
PowerKeeper 3.0 is available now. Cost is $25,000 per appliance, which includes 100 licenses to manage 100 different systems with an unlimited number of users.
Cequence Security, a provider of innovative application security solutions for today’s hyper-connected enterprises, today announced that the Merchants Risk Council named the company’s bot detection platform a winner of the 2019 MRC Technology Awards at the annual MRC Vegas 2019 Conference. The award recognizes superior solution providers making substantial contributions in the fraud, payments, and risk industries.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190326005258/en/
Cequence Security’s CQ botDefense solution, which runs on the Cequence Application Security Platform, was recognized for its unmatched skill to automatically detect and defend against malicious bot attacks, including those targeting on-line retail businesses. With malicious bots now accounting for fully one-third of each and every Internet traffic, hyper-connected enterprises are increasingly finding their Web, Mobile and API assets being targeted for account takeover, business logic abuse, fiscal fraud, application DDoS, denial of inventory and other potentially catastrophic business disruptors. CQ botDefense is a cloud-native application that can breathe rapidly deployed in private and public clouds, as well as on-premises data centers.
"The MRC Technology Awards recognize the most esteemed achievements in eCommerce, honoring organizations surpassing industry standards and providing a benchmark for excellence," says Markus Bergthaler, MRC Director of Programs and Marketing. "Cequence Security is deserving of this award as they proffer an innovative solution leveraging a patent-pending analytics engine (CQAI), which combines applied synthetic intelligence, machine learning, and behavioral analysis. The independent panel of merchant judges who evaluated Cequence’s technology celebrated its success in stopping the growing number of malicious bot attacks that target the web, mobile, and API application assets of today's hyper-connected organizations.”
Winners of the MRC Technology Awards are committed to integrity, innovation, and ingenuity by delivering world-class products and helping merchants successfully fight fraud and optimize payments.
“On-line retailers are at the vanguard of today’s digital economy, and their Internet-facing applications and APIs are increasingly the targets of advanced semantic and syntactic attacks,” said Ameya Talwalkar, Chief Product Officer and Co-Founder of Cequence Security. “We’re honored to befriend protect a growing roster of the world’s top retailers and eCommerce entities, and they deeply thank the MRC for this honor.”
Cequence Security was also named a 2018 Gartner collected Vendor and has amassed several prestigious awards and recognitions in 2019. The platform, designed to back multiple application security modules, has initially focused on stopping malicious bot attacks, which are often undetectable by traditional security tools.
About Merchant Risk Council (MRC)
As an independent, not-for-profit business association, the Merchant Risk Council's mission is to facilitate collaboration between eCommerce payments and risk professionals. Year-round, the MRC provides valuable resources to its members that include proprietary educational content, webinars, best practices, industry trends, benchmarking reports and whitepapers. In addition, the MRC hosts four annual conferences in the U.S. and Europe, as well as several regional networking events which provide an opportunity for industry professionals to build stronger connections with industry stakeholders.
With the vision of making commerce safe and profitable everywhere, the MRC was established in the year 2000 by a group of eCommerce professionals from leading consumer brands invested in supporting their organizations' risk management efforts. Today, the MRC supports a diverse coalesce of over 500 member companies representing a wide variety of industries, technologies, services and solutions focused on optimizing payments and reducing eCommerce fraud.
About Cequence Security
Cequence Security delivers a game-changing application security platform for today’s hyper-connected organizations that depend on web, mobile, and API application services to back business processes and enable customer engagements. The platform leverages an AI-powered analytics engine to consolidate multiple functions that strengthen the security attitude of these organizations against a broad gain of application attacks. The automation within the analytics engine also improves the productivity and efficiency of IT resources. Cequence’s management team includes Larry Link, CEO, Ameya Talwalkar, CPO and Shreyans Mehta, CTO. Larry led the worldwide sales team for Palo Alto Networks from 2007 to 2012. Ameya and Shreyans led the development of Symantec’s anti-malware platform. The company is venture-backed and headquartered in Sunnyvale, CA. Learn more at www.cequence.ai.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190326005258/en/
SOURCE: Cequence Security
Media Contact:Dan ChmielewskiMadison Alexander PROffice: +1 714-832-8716Mobile: +1 firstname.lastname@example.org
Copyright business Wire 2019
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Business-Objects [11 Certification Exam(s) ]
Business-Tests [4 Certification Exam(s) ]
CA-Technologies [21 Certification Exam(s) ]
Certification-Board [10 Certification Exam(s) ]
Certiport [3 Certification Exam(s) ]
CheckPoint [43 Certification Exam(s) ]
CIDQ [1 Certification Exam(s) ]
CIPS [4 Certification Exam(s) ]
Cisco [318 Certification Exam(s) ]
Citrix [48 Certification Exam(s) ]
CIW [18 Certification Exam(s) ]
Cloudera [10 Certification Exam(s) ]
Cognos [19 Certification Exam(s) ]
College-Board [2 Certification Exam(s) ]
CompTIA [76 Certification Exam(s) ]
ComputerAssociates [6 Certification Exam(s) ]
Consultant [2 Certification Exam(s) ]
Counselor [4 Certification Exam(s) ]
CPP-Institue [2 Certification Exam(s) ]
CPP-Institute [2 Certification Exam(s) ]
CSP [1 Certification Exam(s) ]
CWNA [1 Certification Exam(s) ]
CWNP [13 Certification Exam(s) ]
CyberArk [1 Certification Exam(s) ]
Dassault [2 Certification Exam(s) ]
DELL [11 Certification Exam(s) ]
DMI [1 Certification Exam(s) ]
DRI [1 Certification Exam(s) ]
ECCouncil [21 Certification Exam(s) ]
ECDL [1 Certification Exam(s) ]
EMC [129 Certification Exam(s) ]
Enterasys [13 Certification Exam(s) ]
Ericsson [5 Certification Exam(s) ]
ESPA [1 Certification Exam(s) ]
Esri [2 Certification Exam(s) ]
ExamExpress [15 Certification Exam(s) ]
Exin [40 Certification Exam(s) ]
ExtremeNetworks [3 Certification Exam(s) ]
F5-Networks [20 Certification Exam(s) ]
FCTC [2 Certification Exam(s) ]
Filemaker [9 Certification Exam(s) ]
Financial [36 Certification Exam(s) ]
Food [4 Certification Exam(s) ]
Fortinet [14 Certification Exam(s) ]
Foundry [6 Certification Exam(s) ]
FSMTB [1 Certification Exam(s) ]
Fujitsu [2 Certification Exam(s) ]
GAQM [9 Certification Exam(s) ]
Genesys [4 Certification Exam(s) ]
GIAC [15 Certification Exam(s) ]
Google [4 Certification Exam(s) ]
GuidanceSoftware [2 Certification Exam(s) ]
H3C [1 Certification Exam(s) ]
HDI [9 Certification Exam(s) ]
Healthcare [3 Certification Exam(s) ]
HIPAA [2 Certification Exam(s) ]
Hitachi [30 Certification Exam(s) ]
Hortonworks [4 Certification Exam(s) ]
Hospitality [2 Certification Exam(s) ]
HP [752 Certification Exam(s) ]
HR [4 Certification Exam(s) ]
HRCI [1 Certification Exam(s) ]
Huawei [21 Certification Exam(s) ]
Hyperion [10 Certification Exam(s) ]
IAAP [1 Certification Exam(s) ]
IAHCSMM [1 Certification Exam(s) ]
IBM [1533 Certification Exam(s) ]
IBQH [1 Certification Exam(s) ]
ICAI [1 Certification Exam(s) ]
ICDL [6 Certification Exam(s) ]
IEEE [1 Certification Exam(s) ]
IELTS [1 Certification Exam(s) ]
IFPUG [1 Certification Exam(s) ]
IIA [3 Certification Exam(s) ]
IIBA [2 Certification Exam(s) ]
IISFA [1 Certification Exam(s) ]
Intel [2 Certification Exam(s) ]
IQN [1 Certification Exam(s) ]
IRS [1 Certification Exam(s) ]
ISA [1 Certification Exam(s) ]
ISACA [4 Certification Exam(s) ]
ISC2 [6 Certification Exam(s) ]
ISEB [24 Certification Exam(s) ]
Isilon [4 Certification Exam(s) ]
ISM [6 Certification Exam(s) ]
iSQI [7 Certification Exam(s) ]
ITEC [1 Certification Exam(s) ]
Juniper [65 Certification Exam(s) ]
LEED [1 Certification Exam(s) ]
Legato [5 Certification Exam(s) ]
Liferay [1 Certification Exam(s) ]
Logical-Operations [1 Certification Exam(s) ]
Lotus [66 Certification Exam(s) ]
LPI [24 Certification Exam(s) ]
LSI [3 Certification Exam(s) ]
Magento [3 Certification Exam(s) ]
Maintenance [2 Certification Exam(s) ]
McAfee [8 Certification Exam(s) ]
McData [3 Certification Exam(s) ]
Medical [69 Certification Exam(s) ]
Microsoft [375 Certification Exam(s) ]
Mile2 [3 Certification Exam(s) ]
Military [1 Certification Exam(s) ]
Misc [1 Certification Exam(s) ]
Motorola [7 Certification Exam(s) ]
mySQL [4 Certification Exam(s) ]
NBSTSA [1 Certification Exam(s) ]
NCEES [2 Certification Exam(s) ]
NCIDQ [1 Certification Exam(s) ]
NCLEX [2 Certification Exam(s) ]
Network-General [12 Certification Exam(s) ]
NetworkAppliance [39 Certification Exam(s) ]
NI [1 Certification Exam(s) ]
NIELIT [1 Certification Exam(s) ]
Nokia [6 Certification Exam(s) ]
Nortel [130 Certification Exam(s) ]
Novell [37 Certification Exam(s) ]
OMG [10 Certification Exam(s) ]
Oracle [282 Certification Exam(s) ]
P&C [2 Certification Exam(s) ]
Palo-Alto [4 Certification Exam(s) ]
PARCC [1 Certification Exam(s) ]
PayPal [1 Certification Exam(s) ]
Pegasystems [12 Certification Exam(s) ]
PEOPLECERT [4 Certification Exam(s) ]
PMI [15 Certification Exam(s) ]
Polycom [2 Certification Exam(s) ]
PostgreSQL-CE [1 Certification Exam(s) ]
Prince2 [6 Certification Exam(s) ]
PRMIA [1 Certification Exam(s) ]
PsychCorp [1 Certification Exam(s) ]
PTCB [2 Certification Exam(s) ]
QAI [1 Certification Exam(s) ]
QlikView [1 Certification Exam(s) ]
Quality-Assurance [7 Certification Exam(s) ]
RACC [1 Certification Exam(s) ]
Real-Estate [1 Certification Exam(s) ]
RedHat [8 Certification Exam(s) ]
RES [5 Certification Exam(s) ]
Riverbed [8 Certification Exam(s) ]
RSA [15 Certification Exam(s) ]
Sair [8 Certification Exam(s) ]
Salesforce [5 Certification Exam(s) ]
SANS [1 Certification Exam(s) ]
SAP [98 Certification Exam(s) ]
SASInstitute [15 Certification Exam(s) ]
SAT [1 Certification Exam(s) ]
SCO [10 Certification Exam(s) ]
SCP [6 Certification Exam(s) ]
SDI [3 Certification Exam(s) ]
See-Beyond [1 Certification Exam(s) ]
Siemens [1 Certification Exam(s) ]
Snia [7 Certification Exam(s) ]
SOA [15 Certification Exam(s) ]
Social-Work-Board [4 Certification Exam(s) ]
SpringSource [1 Certification Exam(s) ]
SUN [63 Certification Exam(s) ]
SUSE [1 Certification Exam(s) ]
Sybase [17 Certification Exam(s) ]
Symantec [135 Certification Exam(s) ]
Teacher-Certification [4 Certification Exam(s) ]
The-Open-Group [8 Certification Exam(s) ]
TIA [3 Certification Exam(s) ]
Tibco [18 Certification Exam(s) ]
Trainers [3 Certification Exam(s) ]
Trend [1 Certification Exam(s) ]
TruSecure [1 Certification Exam(s) ]
USMLE [1 Certification Exam(s) ]
VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [33 Certification Exam(s) ]
Vmware [58 Certification Exam(s) ]
Wonderlic [2 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]
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