Tech News
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Edgewater Board of Directors Unanimously Rejects Unsolicited Proposal From AMERI
WAKEFIELD, Mass., Nov. 10, 2015 (GLOBE NEWSWIRE) -- Edgewater Technology, Inc. (NASDAQ:EDGW), a leading consulting firm that helps business leaders drive transformational change through its unique selection of business and technology services and specialized product-based solutions, today announced that its Board of Directors, in consultation with its independent financial and legal advisors, has unanimously determined that the unsolicited, all-stock proposal from AMERI Holdings, Inc. to acquire Edgewater for $8.50 per share, is grossly inadequate and not in the best interests of Edgewater's shareholders.
"After a thorough review, the Edgewater Board believes that AMERI Holdings' proposal substantially undervalues the Company," said Edgewater Lead Independent Director Wayne Wilson. "Moreover, the Board firmly believes that Edgewater has strong standalone prospects and that continued execution of the Company's strategic plan will deliver significant long-term value to Edgewater shareholders."
Mr. Wilson added, "The Board and management are aligned around a clear strategy, focused on building on Edgewater's unique position as a strategic and IT consultancy that specializes in delivering value-added services to clients across multiple and rapidly-evolving industries around the world. We have a strong platform in place, and continue to successfully expand and enhance our offerings through organic investment and a robust acquisition pipeline."
Mr. Wilson concluded, "We are confident that we have the right strategy in place to deliver profitable growth and shareholder value."
The Company also announced that it has filed preliminary consent revocation materials with the Securities and Exchange Commission in response to the preliminary consent solicitation statement filed on October 26, 2015 and amended on November 6, 2015 by Lone Star Value Investors, LP ("Lone Star") through which Lone Star and others intend to solicit shareholder consents to remove certain directors from the Board and to implement certain other proposals regarding the Company.
Signal Hill Capital Group LLC is serving as Edgewater's financial advisor and Hinckley, Allen & Snyder LLP and Jones Day are acting as legal counsel.
About Edgewater
Edgewater (NASDAQ:EDGW) helps business leaders drive transformational change through its unique selection of business and technology services and specialized product-based solutions.
Classic consulting disciplines (such as business advisory, process improvement, organizational change management, M&A due diligence, and domain expertise) are blended with technical services (such as digital transformation, technical roadmaps, data and analytics services, custom development, and system integration) to help organizations get the most out of their existing IT assets while creating new digital business models.
Delivering both on premise and in the cloud, Edgewater partners with Oracle and Microsoft to offer Business Analytics, BI, ERP, and CRM solutions. Edgewater Ranzal, an Oracle Platinum Consulting Partner, provides Business Analytics solutions leveraging Oracle EPM, BI, and Big Data technologies. As an award-winning Microsoft partner, Edgewater Fullscope delivers Dynamics AX ERP, Business Intelligence, and CRM solutions, with a specialty in manufacturing.
Forward-Looking Statements
Some of the statements in this press release constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, growth, performance, tax consequences or achievements to be materially different from any future results, levels of activity, growth, performance, tax consequences or achievements expressed or implied by such forward-looking statements. Such factors include, among other things, those listed below, as well as those further set forth under the heading "Risk Factors" in the Company's 2014 Annual Report on Form 10-K as filed with the SEC on March 2, 2015. The forward-looking statements included in this press release are related to future events or the Company's strategies or future financial performance, including statements concerning the Company's 2015 outlook, future revenue and growth, customer spending outlook, general economic trends, IT service demand, future revenue and revenue mix, utilization, new service offerings, significant customers, competitive and strategic initiatives, growth plans, potential stock repurchases, future results, tax consequences and liquidity needs. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "believe," "anticipate," "anticipated," "expectation," "continued," "future," "forward," "potential," "estimate," "estimated," "forecast," "project," "encourage," "opportunity," "goal," "objective," "could," "expect," "expected," "intend," "plan," "planned," "will," "predict," or the negative of such terms or comparable terminology. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans or assessments which are believed to be reasonable as of the date of this press release. Factors that may cause actual results, goals, targets or objectives to differ materially from those contemplated, projected, forecasted, estimated, anticipated, planned or budgeted in such forward-looking statements include, among others, the following possibilities: (1) failure to obtain new customers or retain significant existing customers; (2) the loss of one or more key executives and/or employees; (3) changes in industry trends, such as a decline in the demand for Enterprise Resource Planning and Enterprise Performance Management solutions, custom development and system integration services and/or declines in industry-wide information technology spending, whether on a temporary or permanent basis and/or delays by customers in initiating new projects or existing project milestones; (4) inability to execute upon growth objectives, including new services and growth in entities acquired by the Company; (5) adverse developments and volatility involving geopolitical or technology market conditions; (6) unanticipated events or the occurrence of fluctuations or variability in the matters identified under "Critical Accounting Policies" in our 2014 Annual Report on Form 10-K; (7) delays in, or the failure of, the Company's sales pipeline being converted to billable work and recorded as revenue; (8) termination by clients of their contracts with the Company or inability or unwillingness of clients to pay for the Company's services, which may impact the Company's accounting assumptions; (9) inability to recruit and retain professionals with the high level of information technology skills and experience needed to provide the Company's services; (10) failure to expand outsourcing services to generate additional revenue; (11) any changes in ownership of the Company or otherwise that would result in a limitation of the net operating loss carry forward under applicable tax laws; (12) future proxy contests could be disruptive and costly, and the possibility that activist stockholders may wage proxy contests or gain representation on or control of the Board of Directors could cause disruption and/or uncertainty to the Company's business, customer relationships and employee retention; (13) the failure of the marketplace to embrace advisory and product-based consulting services; (14) changes in the Company's utilization levels; and/or (15) pending, threatened or future legal proceedings in connection with the unsolicited, all-stock proposal from AMERI Holdings, Inc. to acquire Edgewater for $8.50 per share. In evaluating these statements, you should specifically consider various factors described above as well as the risks outlined under Part I - Item IA "Risk Factors" in the Company's 2014 Annual Report on Form 10-K filed with the SEC on March 2, 2015.
These factors may cause the Company's actual results to differ materially from those contemplated, projected, anticipated, planned or budgeted in any such forward-looking statements. Although the Company believes that the expectations in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, growth, earnings per share or achievements. However, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such statements. Except as otherwise required, the Company undertakes no obligation to update any of the forward-looking statements after the date of this press release to conform such statements to actual results.
Additional Information
In connection with the consent solicitation initiated by Lone Star Value Investors, LP, the Company will file a consent revocation statement and other documents regarding the Lone Star proposals with the SEC and will mail a consent revocation statement and a consent revocation card to each stockholder of record entitled to deliver a written consent with respect to the Lone Star proposals. STOCKHOLDERS ARE ENCOURAGED TO READ ANY CONSENT REVOCATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The final consent revocation statement will be mailed to stockholders. Investors and security holders will be able to obtain the documents free of charge at the SEC's website, www.sec.gov, from Edgewater at its website, www.edgewater.com, or 200 Harvard Mill Square, Suite 210, Wakefield, Massachusetts 01880, Attention: Corporate Secretary.
Participants in Solicitation
The Company and its directors and executive officers may be deemed to be participants in the solicitation of consent revocations in connection with the Lone Star proposals. Information concerning the Company's participants is set forth in the proxy statement, dated April 22, 2015, for its 2015 Annual Meeting of Stockholders as filed with the SEC on Schedule 14A. Additional information regarding the interests of participants of the Company in the solicitation of consent revocations in connection with the Lone Star proposals and other relevant materials will be filed with the SEC when they become available.
CONTACT: INVESTOR CONTACT: Edgewater Technology, Inc. Timothy R. Oakes Phone: 781-246-6984 E-mail: toakes@edgewater.com MEDIA CONTACT: Sard Verbinnen & Co Bryan Locke / Debbie Miller Phone: (312) 895-4700 E-mail: blocke@sardverb.com / dmiller@sardverb.com
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Adesto Technologies Introduces Extended-Voltage Range Memory
SUNNYVALE, Calif., Nov. 9, 2015 (GLOBE NEWSWIRE) -- Adesto Technologies (NASDAQ:IOTS), a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products, today announced the launch of a new line of extended voltage range (1.65V-4.4V Vcc) serial Flash memory products.
In 2014, Adesto introduced the world's first wide VCC 1.65V to 3.6V serial flash products optimized for the IoT sector. Continuing this tradition of leadership and smart design, the new "Fusion XV" family further enhances and optimizes IoT, wearable, wireless sensors, and other energy conscious applications. Adesto's Fusion XV serial Flash memory brings together advanced features, such as ultra-deep power down, active interrupt, and other energy saving capabilities, with a new, extended voltage range. Extending the memory's operating voltage range from 1.65V to 4.4V allows designers to meet the demands of the latest chipsets and lithium polymer battery chemistries without additional circuit complexity or overhead.
"Adesto is committed to enhance the value of our customers' products by meeting their specific application needs," said Paul Hill, Director of Product Marketing. "Designers now require external memory for over-the-air update and data storage to supplement the embedded memory of the chipset. They want to connect the chipset and external memory directly to the battery without additional voltage regulation and components. Adesto's Fusion XV memory provides this in a density, performance and cost range that can't be met by conventional serial flash or serial eeprom solutions today."
"Adesto's Fusion XV devices have a range of features that enhance the system," he said. "By enabling the use of a single rail power supply, Fusion XV provides the means to save additional component costs and reduce the component footprint, while improving system efficiency and energy consumption."
Fusion's small sector sizes and intelligent, active interrupt capabilities provide hardware designers system energy saving options not available in standard serial Flash devices. These features can optimize battery-operation and extend battery life on devices such as Bluetooth low energy (BLE) products, ZigBee, RF4CE, Z-Wave and other Wi-Fi and Wi-Fi Direct applications.
Fusion XV serial Flash products not only use less energy during standard operation but also operate over the full Vcc range of the battery and chipset-- maximizing on-board energy reserves. Products supported by Adesto serial memory will continue to operate even when the battery discharge voltage is as low as 1.65V -- further extending battery life and device function.
To support System-in-Package (SIP) and Multi-Chip Module designs, Fusion XV products are offered in 8-ball wafer level chip scale packages, with a slim .35mm z-height. Standard package options also include SOIC, UDFN and TSSOP packages.
Samples and production devices of the new Fusion XV products are available now with standard lead times. At introduction, the new Fusion XV product line includes 2 and 4-Mbit densities with industry-standard page erase architecture. Products with 8, 16, and 32-Mbit densities are scheduled for release in 2016. To order samples or to purchase Adesto's enhanced serial memory products, visit http://www.adestotech.com.
About Adesto Technologies Corporation
Adesto is a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products. The company has designed and built a portfolio of innovative products, including Fusion Serial Flash, DataFlash® and Conductive Bridging RAM (CBRAM®). CBRAM® is a breakthrough technology platform that enables 100 times less energy consumption than today's memory technologies without sacrificing speed and performance. Founded in 2007 in Sunnyvale, CA, Adesto holds more than 100 patents with dozens more in process and is working with visionary companies across various industries to deploy its technology to the market.
CONTACT: Company Contact: David Viera Director, Corporate Communications 408-419-4844 david.viera@adestotech.com
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Adesto Technologies Introduces Extended-Voltage Range Memory
SUNNYVALE, Calif., Nov. 9, 2015 (GLOBE NEWSWIRE) -- Adesto Technologies (NASDAQ:IOTS), a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products, today announced the launch of a new line of extended voltage range (1.65V-4.4V Vcc) serial Flash memory products.
In 2014, Adesto introduced the world's first wide VCC 1.65V to 3.6V serial flash products optimized for the IoT sector. Continuing this tradition of leadership and smart design, the new "Fusion XV" family further enhances and optimizes IoT, wearable, wireless sensors, and other energy conscious applications. Adesto's Fusion XV serial Flash memory brings together advanced features, such as ultra-deep power down, active interrupt, and other energy saving capabilities, with a new, extended voltage range. Extending the memory's operating voltage range from 1.65V to 4.4V allows designers to meet the demands of the latest chipsets and lithium polymer battery chemistries without additional circuit complexity or overhead.
"Adesto is committed to enhance the value of our customers' products by meeting their specific application needs," said Paul Hill, Director of Product Marketing. "Designers now require external memory for over-the-air update and data storage to supplement the embedded memory of the chipset. They want to connect the chipset and external memory directly to the battery without additional voltage regulation and components. Adesto's Fusion XV memory provides this in a density, performance and cost range that can't be met by conventional serial flash or serial eeprom solutions today."
"Adesto's Fusion XV devices have a range of features that enhance the system," he said. "By enabling the use of a single rail power supply, Fusion XV provides the means to save additional component costs and reduce the component footprint, while improving system efficiency and energy consumption."
Fusion's small sector sizes and intelligent, active interrupt capabilities provide hardware designers system energy saving options not available in standard serial Flash devices. These features can optimize battery-operation and extend battery life on devices such as Bluetooth low energy (BLE) products, ZigBee, RF4CE, Z-Wave and other Wi-Fi and Wi-Fi Direct applications.
Fusion XV serial Flash products not only use less energy during standard operation but also operate over the full Vcc range of the battery and chipset-- maximizing on-board energy reserves. Products supported by Adesto serial memory will continue to operate even when the battery discharge voltage is as low as 1.65V -- further extending battery life and device function.
To support System-in-Package (SIP) and Multi-Chip Module designs, Fusion XV products are offered in 8-ball wafer level chip scale packages, with a slim .35mm z-height. Standard package options also include SOIC, UDFN and TSSOP packages.
Samples and production devices of the new Fusion XV products are available now with standard lead times. At introduction, the new Fusion XV product line includes 2 and 4-Mbit densities with industry-standard page erase architecture. Products with 8, 16, and 32-Mbit densities are scheduled for release in 2016. To order samples or to purchase Adesto's enhanced serial memory products, visit http://www.adestotech.com.
About Adesto Technologies Corporation
Adesto is a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products. The company has designed and built a portfolio of innovative products, including Fusion Serial Flash, DataFlash® and Conductive Bridging RAM (CBRAM®). CBRAM® is a breakthrough technology platform that enables 100 times less energy consumption than today's memory technologies without sacrificing speed and performance. Founded in 2007 in Sunnyvale, CA, Adesto holds more than 100 patents with dozens more in process and is working with visionary companies across various industries to deploy its technology to the market.
CONTACT: Company Contact: David Viera Director, Corporate Communications 408-419-4844 david.viera@adestotech.com
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KeyedIn Introduces All-New KeyedIn Manufacturing Cloud ERP Software
MINNEAPOLIS, Nov. 9, 2015 (GLOBE NEWSWIRE) -- KeyedIn® Solutions, an innovator in aPaaS and SaaS-based business solutions, today announced version 5 of its KeyedIn Manufacturing Cloud ERP solution. This dynamically configurable and extensible Cloud ERP software has a powerful production engine that puts the planning back into ERP for the modern production and fabricating manufacturer.
"We recognize that ERP solutions are missing the key ingredients that production manufacturers need to achieve production control – which is their key to efficiency, profitability and competitive advantage," states Lauri Klaus, KeyedIn CEO and Co-Founder. "KeyedIn Manufacturing is a native Cloud ERP solution that transforms an organization with a powerful production engine that delivers real-time, comprehensive production control." Integration with other software systems is easily enabled through open APIs (application program interfaces) resulting in greater visibility of priorities, easier access to decision-driving information and the agility to instantly adjust to changes in demand. The new release includes capabilities to address needs across the production manufacturing enterprise; from the business and operations, to production and the supply chain. Notable attributes of KeyedIn Manufacturing Cloud ERP software include:
Powerful Production Engine – KeyedIn put the planning back into ERP, with a powerful Cloud-based production and manufacturing resource planning engine that provides real-time visibility of both supply and demand so priorities are clear and customer promise dates are achieved. Designed specifically for the production and fabricating manufacturer, this engine gives the manufacturer computing power and speed only available with KeyedIn Manufacturing Cloud ERP.
Native Cloud – KeyedIn Manufacturing ERP was developed in the Cloud, for the Cloud using the most advanced architecture that includes both KeyedIn Konfigure™ and Microsoft® Azure Cloud services. This means KeyedIn Manufacturing is multi-tenant SaaS Cloud that enables unprecedented performance speed and up/down scalability. Most important to the production manufacturer, however, is the fact that KeyedIn Manufacturing's Cloud delivery shifts the majority of the software burden to KeyedIn (see illustration below), enables mobility with access through any mobile device, and the manufacturer is always using the very latest version of the software technology.
Dynamically Configurable – The software's unique platform gives manufacturers the ability to configure KeyedIn Manufacturing ERP to their environment – without the cost of coding and upgrade concerns of traditional customized software. This means the business logic within the software can be configured to fit their unique process – a requirement not previously available to the production manufacturer. This dynamic configurability also extends to the item masters, which are different in every facility and previously a difficult to manage part of the manufacturer's ERP software. This adaptation to the uniqueness of the production manufacturer's business process makes the software more user-friendly and subsequently improves user adoption within the organization.
Feature-Rich – This software provides the production manufacturer with all the key functionality needed to connect the people, processes and most importantly critical business data throughout the facility. In turn, the benefit is immediate and real-time visibility of inventory, production, customer orders, profit margins, and most critically, potential production issues that need to be addressed quickly.
Integration – KeyedIn Manufacturing Cloud ERP easily integrates with other software systems with open APIs to become the single source for accurate data and information for the enterprise. This also extends to the Internet of Things (IoT) in that the flow of data can be exchanged across devices, systems, and software. The primary benefit to the production manufacturer is a single source of the truth for all their critical business data, eliminating the inefficiency and opportunity for error of re-entry.
Secure – KeyedIn Manufacturing partners with a world-class data security provider, Dimension Data, a $6.7B company who serves 72% of the Fortune 100 and 60% of the Fortune 500 companies around the globe and whose core competency is protecting data. This is a vast improvement for manufacturers large and small who comparatively may face security risk with outdated processes and servers within their facility.
"We worked with our KeyedIn Manufacturing Customer Advisory Board and put powerful manufacturing resource planning tools into this release of KeyedIn Manufacturing ERP. With KeyedIn Manufacturing Cloud ERP, manufacturers can run and visualize the Production Planning Board with the outstanding computing power enabled by the Cloud. In turn they gain comprehensive visibility into supply and demand and progress towards on time delivery," adds Kevin Hurley, KeyedIn EVP of Technology. Ultimately, production manufacturers become more agile in responding to production changes to optimize their facility, improve efficiency and gain competitive advantage.
For more information or to request a software demonstration of KeyedIn Manufacturing Cloud ERP visit http://www.keyedin.com/manufacturing/. The software is sold on an affordable monthly SaaS subscription model.KeyedIn Manufacturing can also be seen through November 13 at FABTECH Expo in Chicago, Booth S2186.
About KeyedIn® SolutionsKeyedIn Solutions helps organizations simplify business processes, improve performance and drive results through an innovative combination of aPaaS and SaaS business solutions. These applications were developed in the Cloud for the Cloud, to capitalize on the exclusive benefits only the Cloud can offer.
The company's SaaS-based business systems include KeyedIn Manufacturing, a configurable Cloud ERP software that drives operational excellence for manufacturers, and is designed exclusively for production manufacturing. KeyedIn Projects is a strategy-led and execution-driven project management solution that aligns organizations with complete visibility for effective Project Portfolio Management (PPM) as well as drives utilization, profitability and performance to achieve growth with Professional Services Automation (PSA). KeyedIn Konfigure™ aPaaS is transforming custom enterprise-level application development, building new business systems and system components with greater speed, agility, and innovation.
When businesses need results fast, they look to the Cloud – and turn to KeyedIn Solutions. You should too. Keep up with us at KeyedIn Manufacturing, Twitter @KeyedInMFG, Facebook; or LinkedIn: KeyedIn Solutions, Inc.A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=37478
CONTACT: Debbie Breemeersch Sr. Director of Marketing 952-835-1041 dbreemeersch@keyedin.com
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KeyedIn Introduces All-New KeyedIn Manufacturing Cloud ERP Software
MINNEAPOLIS, Nov. 9, 2015 (GLOBE NEWSWIRE) -- KeyedIn® Solutions, an innovator in aPaaS and SaaS-based business solutions, today announced version 5 of its KeyedIn Manufacturing Cloud ERP solution. This dynamically configurable and extensible Cloud ERP software has a powerful production engine that puts the planning back into ERP for the modern production and fabricating manufacturer.
"We recognize that ERP solutions are missing the key ingredients that production manufacturers need to achieve production control – which is their key to efficiency, profitability and competitive advantage," states Lauri Klaus, KeyedIn CEO and Co-Founder. "KeyedIn Manufacturing is a native Cloud ERP solution that transforms an organization with a powerful production engine that delivers real-time, comprehensive production control." Integration with other software systems is easily enabled through open APIs (application program interfaces) resulting in greater visibility of priorities, easier access to decision-driving information and the agility to instantly adjust to changes in demand. The new release includes capabilities to address needs across the production manufacturing enterprise; from the business and operations, to production and the supply chain. Notable attributes of KeyedIn Manufacturing Cloud ERP software include:
Powerful Production Engine – KeyedIn put the planning back into ERP, with a powerful Cloud-based production and manufacturing resource planning engine that provides real-time visibility of both supply and demand so priorities are clear and customer promise dates are achieved. Designed specifically for the production and fabricating manufacturer, this engine gives the manufacturer computing power and speed only available with KeyedIn Manufacturing Cloud ERP.
Native Cloud – KeyedIn Manufacturing ERP was developed in the Cloud, for the Cloud using the most advanced architecture that includes both KeyedIn Konfigure™ and Microsoft® Azure Cloud services. This means KeyedIn Manufacturing is multi-tenant SaaS Cloud that enables unprecedented performance speed and up/down scalability. Most important to the production manufacturer, however, is the fact that KeyedIn Manufacturing's Cloud delivery shifts the majority of the software burden to KeyedIn (see illustration below), enables mobility with access through any mobile device, and the manufacturer is always using the very latest version of the software technology.
Dynamically Configurable – The software's unique platform gives manufacturers the ability to configure KeyedIn Manufacturing ERP to their environment – without the cost of coding and upgrade concerns of traditional customized software. This means the business logic within the software can be configured to fit their unique process – a requirement not previously available to the production manufacturer. This dynamic configurability also extends to the item masters, which are different in every facility and previously a difficult to manage part of the manufacturer's ERP software. This adaptation to the uniqueness of the production manufacturer's business process makes the software more user-friendly and subsequently improves user adoption within the organization.
Feature-Rich – This software provides the production manufacturer with all the key functionality needed to connect the people, processes and most importantly critical business data throughout the facility. In turn, the benefit is immediate and real-time visibility of inventory, production, customer orders, profit margins, and most critically, potential production issues that need to be addressed quickly.
Integration – KeyedIn Manufacturing Cloud ERP easily integrates with other software systems with open APIs to become the single source for accurate data and information for the enterprise. This also extends to the Internet of Things (IoT) in that the flow of data can be exchanged across devices, systems, and software. The primary benefit to the production manufacturer is a single source of the truth for all their critical business data, eliminating the inefficiency and opportunity for error of re-entry.
Secure – KeyedIn Manufacturing partners with a world-class data security provider, Dimension Data, a $6.7B company who serves 72% of the Fortune 100 and 60% of the Fortune 500 companies around the globe and whose core competency is protecting data. This is a vast improvement for manufacturers large and small who comparatively may face security risk with outdated processes and servers within their facility.
"We worked with our KeyedIn Manufacturing Customer Advisory Board and put powerful manufacturing resource planning tools into this release of KeyedIn Manufacturing ERP. With KeyedIn Manufacturing Cloud ERP, manufacturers can run and visualize the Production Planning Board with the outstanding computing power enabled by the Cloud. In turn they gain comprehensive visibility into supply and demand and progress towards on time delivery," adds Kevin Hurley, KeyedIn EVP of Technology. Ultimately, production manufacturers become more agile in responding to production changes to optimize their facility, improve efficiency and gain competitive advantage.
For more information or to request a software demonstration of KeyedIn Manufacturing Cloud ERP visit http://www.keyedin.com/manufacturing/. The software is sold on an affordable monthly SaaS subscription model.KeyedIn Manufacturing can also be seen through November 13 at FABTECH Expo in Chicago, Booth S2186.
About KeyedIn® SolutionsKeyedIn Solutions helps organizations simplify business processes, improve performance and drive results through an innovative combination of aPaaS and SaaS business solutions. These applications were developed in the Cloud for the Cloud, to capitalize on the exclusive benefits only the Cloud can offer.
The company's SaaS-based business systems include KeyedIn Manufacturing, a configurable Cloud ERP software that drives operational excellence for manufacturers, and is designed exclusively for production manufacturing. KeyedIn Projects is a strategy-led and execution-driven project management solution that aligns organizations with complete visibility for effective Project Portfolio Management (PPM) as well as drives utilization, profitability and performance to achieve growth with Professional Services Automation (PSA). KeyedIn Konfigure™ aPaaS is transforming custom enterprise-level application development, building new business systems and system components with greater speed, agility, and innovation.
When businesses need results fast, they look to the Cloud – and turn to KeyedIn Solutions. You should too. Keep up with us at KeyedIn Manufacturing, Twitter @KeyedInMFG, Facebook; or LinkedIn: KeyedIn Solutions, Inc.A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=37478
CONTACT: Debbie Breemeersch Sr. Director of Marketing 952-835-1041 dbreemeersch@keyedin.com
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Wyoming purchases Spillman as statewide sharing initiative
CHEYENNE, Wyo., Nov. 9, 2015 (GLOBE NEWSWIRE) -- Public safety agencies across Wyoming that use Spillman Technologies' software solutions gained access to three new products after a statewide purchase proposed by the Wyoming Association of Sheriffs and Chiefs of Police (WASCOP). Agencies will streamline data entry processes using Spillman's Report Beam Crash and XML Citations interfaces, while also increasing data-sharing capabilities through Spillman's InSight data sharing module.
The governing board of WASCOP elected to make the statewide purchase after reviewing a proposal created by Spillman to improve collaboration and efficiency among current Spillman customers. The board will fund the initial installation and first year costs while providing each agency with the individual product licenses. The agencies will then be responsible for maintenance fees on the three products after the first year.
The InSight module will benefit Wyoming public safety agencies by allowing them to share data across jurisdictional lines. Information entered by one agency into the InSight product syncs to other agencies' databases in real time, increasing agency productivity while also strengthening alliances within the region. Uinta County Sheriff's Office Dispatch Supervisor and Spillman System Administrator Chris Lamb also highlighted increased officer safety as an advantage of statewide Insight usage.
"I think it's great," Lamb said. "I know not every agency in the state is using Spillman, but I think more and more are starting to work toward that. I think it's great that we can connect and be able to share information because, especially in a more rural state like ours, being able to have that information from other agencies at our fingertips is certainly beneficial for officer safety."
Lt. Rick Hooper, of Rawlins Police Department, explained that multi-jurisdictional data sharing through InSight is beneficial in Wyoming because personnel in different agencies often see the same criminals committing the same crimes in multiple jurisdictions. The lieutenant gave an example of using InSight while dealing with an individual who had turned up in multiple areas around the state.
"We found that, looking in the InSight database, we could see his history and reports of dealing with him in other jurisdictions," Hooper said. "Now I've tracked him through three different cities doing essentially the same things in each jurisdiction. It helps out when you go to meet this individual for the first time… maybe it's not an instance where I'm going to let him off with a warning. No, this time I'm going to take action."
In addition to the InSight module, the purchased Report Beam Crash and XML Citations interfaces will help agencies throughout the state efficiently maintain accurate records in their Spillman databases, while also complying with state-mandated reporting procedures. Using the two Spillman interfaces, accident and citation data entered into the Report Beam Crash and XML Citations platforms can be transferred seamlessly into the reporting agency's Spillman system.
Lamb explained that the addition of the two interfaces will increase efficiency by eliminating the need to manually enter the same information into multiple databases.
"It will cut down on our patrol guys' time in the office," Lamb said. "With the way the state has us report through Report Beam, they were actually having to enter data twice."
Previously, Uinta County personnel needed to enter their reports into the Report Beam platform and the Spillman database separately, Lamb said. Utilizing the two interfaces will allow the agency to efficiently maintain accurate and accessible records in their own database while also providing the state with required information.
"It will be a great help for us to keep all of that information locally and not actually have to go back out to the state to find the data again," she said.
Wyoming boasts 37 public safety agencies using Spillman systems, with 35 using the on-premises product, Flex, and two using the web-based product, Nova. The state also includes several of Spillman's most long-standing customer relationships, including those with Hot Springs County Sheriff's Office, Thermopolis Police Department, and Uinta County Sheriff's Office. Each of these agencies will celebrate 30-year anniversaries with the company before the end of 2015.
Spillman Technologies serves more than 1,500 sheriff's offices, police departments, fire departments, communication centers, and correctional facilities nationwide. Spillman specializes in integrated on-premises and cloud software solutions, including Computer-Aided Dispatch, Records Management Systems, Mobile Data & Field Reporting, Mapping & GIS, Jail Management Systems, Fire, Data Sharing, Personnel & Resources, and Analytics & Intelligence-Led Policing. For more information about Spillman, visit www.spillman.com.CONTACT: Ben Hale 800.860.8026 x. 1643 bhale@spillman.com Twitter: @SpillmanTech
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Wyoming purchases Spillman as statewide sharing initiative
CHEYENNE, Wyo., Nov. 9, 2015 (GLOBE NEWSWIRE) -- Public safety agencies across Wyoming that use Spillman Technologies' software solutions gained access to three new products after a statewide purchase proposed by the Wyoming Association of Sheriffs and Chiefs of Police (WASCOP). Agencies will streamline data entry processes using Spillman's Report Beam Crash and XML Citations interfaces, while also increasing data-sharing capabilities through Spillman's InSight data sharing module.
The governing board of WASCOP elected to make the statewide purchase after reviewing a proposal created by Spillman to improve collaboration and efficiency among current Spillman customers. The board will fund the initial installation and first year costs while providing each agency with the individual product licenses. The agencies will then be responsible for maintenance fees on the three products after the first year.
The InSight module will benefit Wyoming public safety agencies by allowing them to share data across jurisdictional lines. Information entered by one agency into the InSight product syncs to other agencies' databases in real time, increasing agency productivity while also strengthening alliances within the region. Uinta County Sheriff's Office Dispatch Supervisor and Spillman System Administrator Chris Lamb also highlighted increased officer safety as an advantage of statewide Insight usage.
"I think it's great," Lamb said. "I know not every agency in the state is using Spillman, but I think more and more are starting to work toward that. I think it's great that we can connect and be able to share information because, especially in a more rural state like ours, being able to have that information from other agencies at our fingertips is certainly beneficial for officer safety."
Lt. Rick Hooper, of Rawlins Police Department, explained that multi-jurisdictional data sharing through InSight is beneficial in Wyoming because personnel in different agencies often see the same criminals committing the same crimes in multiple jurisdictions. The lieutenant gave an example of using InSight while dealing with an individual who had turned up in multiple areas around the state.
"We found that, looking in the InSight database, we could see his history and reports of dealing with him in other jurisdictions," Hooper said. "Now I've tracked him through three different cities doing essentially the same things in each jurisdiction. It helps out when you go to meet this individual for the first time… maybe it's not an instance where I'm going to let him off with a warning. No, this time I'm going to take action."
In addition to the InSight module, the purchased Report Beam Crash and XML Citations interfaces will help agencies throughout the state efficiently maintain accurate records in their Spillman databases, while also complying with state-mandated reporting procedures. Using the two Spillman interfaces, accident and citation data entered into the Report Beam Crash and XML Citations platforms can be transferred seamlessly into the reporting agency's Spillman system.
Lamb explained that the addition of the two interfaces will increase efficiency by eliminating the need to manually enter the same information into multiple databases.
"It will cut down on our patrol guys' time in the office," Lamb said. "With the way the state has us report through Report Beam, they were actually having to enter data twice."
Previously, Uinta County personnel needed to enter their reports into the Report Beam platform and the Spillman database separately, Lamb said. Utilizing the two interfaces will allow the agency to efficiently maintain accurate and accessible records in their own database while also providing the state with required information.
"It will be a great help for us to keep all of that information locally and not actually have to go back out to the state to find the data again," she said.
Wyoming boasts 37 public safety agencies using Spillman systems, with 35 using the on-premises product, Flex, and two using the web-based product, Nova. The state also includes several of Spillman's most long-standing customer relationships, including those with Hot Springs County Sheriff's Office, Thermopolis Police Department, and Uinta County Sheriff's Office. Each of these agencies will celebrate 30-year anniversaries with the company before the end of 2015.
Spillman Technologies serves more than 1,500 sheriff's offices, police departments, fire departments, communication centers, and correctional facilities nationwide. Spillman specializes in integrated on-premises and cloud software solutions, including Computer-Aided Dispatch, Records Management Systems, Mobile Data & Field Reporting, Mapping & GIS, Jail Management Systems, Fire, Data Sharing, Personnel & Resources, and Analytics & Intelligence-Led Policing. For more information about Spillman, visit www.spillman.com.CONTACT: Ben Hale 800.860.8026 x. 1643 bhale@spillman.com Twitter: @SpillmanTech
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Lexmark Exhibit at RSNA15 to Benefit Camp Invention's STEM Programs for Children Across the United States
LEXINGTON, Ky., Nov. 9, 2015 (GLOBE NEWSWIRE) -- News Facts
- Lexmark today announced it will host a special benefit activity in its exhibit booth at the Radiological Society of North America's RSNA15 conference in Chicago to support Camp Invention's science, technology, engineering and math (STEM) programs for children across the United States.
- RSNA attendees are invited to have a photo taken at the Lexmark Healthcare exhibit or to tag a photo on Twitter or Instagram with #innovationwall. These images will come together on an Innovation Wall in the Lexmark Healthcare exhibit booth to create a real-time, collaborative mosaic depicting the future of healthcare.
- For each photo tagged and posted on the mosaic, Lexmark Healthcare will make a contribution toward Camp Invention student scholarships. RSNA attendees are invited to stop by the Lexmark Healthcare exhibit booth throughout the conference to check the progress of the composite image.
- RSNA attendees can find Lexmark Healthcare in North-Hall B of Chicago's McCormick Place, exhibit space 8117, from November 29 through December 3.
- Camp Invention is a nationally recognized summer enrichment program for children in grades one through six that helps them develop critical thinking skills. In partnership with the National Inventors Hall of Fame, the United States Patent and Trademark Office and the Collegiate Inventors Competition, Camp Invention programs at more than 1,500 locations across 49 states have encouraged nearly two million children with immersive, hands-on challenges that teach STEM concepts, including robotics, solar energy, ecological diversity, modeling, mechanical prototyping and others.
- In hospitals and health systems, Lexmark healthcare and medical imaging solutions connect healthcare staff with the business and clinical information they need to provide better patient service levels. Both clinical and non-clinical content that normally resides outside of core patient care and business systems becomes accessible and actionable. The result is a more complete and accessible patient record.
- One hundred percent of U.S.-based HIMSS Stage 7 healthcare systems use Lexmark products and solutions. Lexmark's enterprise image connectivity solutions are used by half of all U.S. hospitals.
Supporting Quotes
"For over 25 years, we have encouraged our Camp Invention students to think outside the box and embrace the inquisitive nature of their minds to explore, create and invent," said Invent Now, Inc. CEO Michael Oister, which coordinates Camp Invention. "We are honored to work with Lexmark Healthcare to offer scholarships to future innovators. Together with our extraordinary partners, Camp Invention will set a precedent that inspiration and innovation are not limited by age or generation so that we can continue to help drive the progression of our nation."
"Today's children are tomorrow's healthcare and technology problem solvers," said Reynolds C. Bish, vice president, Lexmark and president, Lexmark Enterprise Software. "Experiences that foster innovation, creativity, self-esteem, teamwork, persistence and goal-setting will better equip them to make a difference in their communities and workplaces. Many of the children at Camp Invention could not participate without the generosity of individuals and companies. We are pleased to invite RSNA attendees to join us in supporting Camp Invention enrichment programs."
Supporting Resources- Explore Lexmark healthcare solutions
- Read InContext healthcare news and trends
- Stay in touch with Lexmark Healthcare on LinkedIn
- Camp Invention Facebook
- Camp Invention Media Room
About Lexmark
Lexmark (NYSE:LXK) creates enterprise software, hardware and services that remove the inefficiencies of information silos and disconnected processes, connecting people to the information they need at the moment they need it. Open the possibilities at www.Lexmark.com.
Lexmark, the Lexmark logo and Open the possibilities are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
About Camp Invention
Camp Invention is the only nationally recognized summer program focused on creativity, innovation, real-world problem solving and the spirit of invention. Through hands-on programming, Camp Invention encourages children in grades one through six to explore science, technology, engineering and mathematics curriculum inspired by some the world's great inventors. Camp Invention, the National Inventors Hall of Fame and the Collegiate Inventors Competition serve as the authority on inspiring invention and compose Invent Now. This nationwide nonprofit organization is committed to the curious minds and innovative spirits of the past, present and future. Since 1990, our education programs have served over 1 MILLION children and 125,000 teachers and Leadership Interns.
For further information: Investor Contact: John Morgan, (859) 232-5568, jmorgan@lexmark.com Media Contact: Mark Bowen, (205) 447-3115, mark.bowen@lexmark.comCONTACT: Jeremy McNeive (859) 232-5568 jmorgan@lexmark.com
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Lexmark Exhibit at RSNA15 to Benefit Camp Invention's STEM Programs for Children Across the United States
LEXINGTON, Ky., Nov. 9, 2015 (GLOBE NEWSWIRE) -- News Facts
- Lexmark today announced it will host a special benefit activity in its exhibit booth at the Radiological Society of North America's RSNA15 conference in Chicago to support Camp Invention's science, technology, engineering and math (STEM) programs for children across the United States.
- RSNA attendees are invited to have a photo taken at the Lexmark Healthcare exhibit or to tag a photo on Twitter or Instagram with #innovationwall. These images will come together on an Innovation Wall in the Lexmark Healthcare exhibit booth to create a real-time, collaborative mosaic depicting the future of healthcare.
- For each photo tagged and posted on the mosaic, Lexmark Healthcare will make a contribution toward Camp Invention student scholarships. RSNA attendees are invited to stop by the Lexmark Healthcare exhibit booth throughout the conference to check the progress of the composite image.
- RSNA attendees can find Lexmark Healthcare in North-Hall B of Chicago's McCormick Place, exhibit space 8117, from November 29 through December 3.
- Camp Invention is a nationally recognized summer enrichment program for children in grades one through six that helps them develop critical thinking skills. In partnership with the National Inventors Hall of Fame, the United States Patent and Trademark Office and the Collegiate Inventors Competition, Camp Invention programs at more than 1,500 locations across 49 states have encouraged nearly two million children with immersive, hands-on challenges that teach STEM concepts, including robotics, solar energy, ecological diversity, modeling, mechanical prototyping and others.
- In hospitals and health systems, Lexmark healthcare and medical imaging solutions connect healthcare staff with the business and clinical information they need to provide better patient service levels. Both clinical and non-clinical content that normally resides outside of core patient care and business systems becomes accessible and actionable. The result is a more complete and accessible patient record.
- One hundred percent of U.S.-based HIMSS Stage 7 healthcare systems use Lexmark products and solutions. Lexmark's enterprise image connectivity solutions are used by half of all U.S. hospitals.
Supporting Quotes
"For over 25 years, we have encouraged our Camp Invention students to think outside the box and embrace the inquisitive nature of their minds to explore, create and invent," said Invent Now, Inc. CEO Michael Oister, which coordinates Camp Invention. "We are honored to work with Lexmark Healthcare to offer scholarships to future innovators. Together with our extraordinary partners, Camp Invention will set a precedent that inspiration and innovation are not limited by age or generation so that we can continue to help drive the progression of our nation."
"Today's children are tomorrow's healthcare and technology problem solvers," said Reynolds C. Bish, vice president, Lexmark and president, Lexmark Enterprise Software. "Experiences that foster innovation, creativity, self-esteem, teamwork, persistence and goal-setting will better equip them to make a difference in their communities and workplaces. Many of the children at Camp Invention could not participate without the generosity of individuals and companies. We are pleased to invite RSNA attendees to join us in supporting Camp Invention enrichment programs."
Supporting Resources- Explore Lexmark healthcare solutions
- Read InContext healthcare news and trends
- Stay in touch with Lexmark Healthcare on LinkedIn
- Camp Invention Facebook
- Camp Invention Media Room
About Lexmark
Lexmark (NYSE:LXK) creates enterprise software, hardware and services that remove the inefficiencies of information silos and disconnected processes, connecting people to the information they need at the moment they need it. Open the possibilities at www.Lexmark.com.
Lexmark, the Lexmark logo and Open the possibilities are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
About Camp Invention
Camp Invention is the only nationally recognized summer program focused on creativity, innovation, real-world problem solving and the spirit of invention. Through hands-on programming, Camp Invention encourages children in grades one through six to explore science, technology, engineering and mathematics curriculum inspired by some the world's great inventors. Camp Invention, the National Inventors Hall of Fame and the Collegiate Inventors Competition serve as the authority on inspiring invention and compose Invent Now. This nationwide nonprofit organization is committed to the curious minds and innovative spirits of the past, present and future. Since 1990, our education programs have served over 1 MILLION children and 125,000 teachers and Leadership Interns.
For further information: Investor Contact: John Morgan, (859) 232-5568, jmorgan@lexmark.com Media Contact: Mark Bowen, (205) 447-3115, mark.bowen@lexmark.comCONTACT: Jeremy McNeive (859) 232-5568 jmorgan@lexmark.com
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EHNAC Accredits First Two Organizations for Data Registry Accreditation Program (DRAP)
FARMINGTON, Conn., Nov. 09, 2015 (GLOBE NEWSWIRE) -- The Electronic Healthcare Network Accreditation Commission (EHNAC), a non-profit, federally recognized standards development organization and accrediting body for organizations that electronically exchange healthcare data, announced today that two organizations – Alpha II, LLC and FIGmd, Inc. – have completed the accreditation process for its Data Registry Accreditation Program (DRAP).
In response to the privacy and security challenges of healthcare data submission of this kind, the comprehensive third-party review provides an additional level of confidence for organizations that are under industry competitive pressures to demonstrate the rigor and structure of the registry database as envisioned and supported by the Centers for Medicare and Medicaid Services (CMS). The program is designed for data registries that provide these services to their stakeholders which can include health information exchanges (HIEs), regional extension centers (RECs) as well as other healthcare providers, healthcare payers, CMS and other government and state entities.
“We’re confident that the need for registries by institutional and professional providers, specialists and their trade associations, healthcare payers, federal and state governments will explode in the years ahead,” said Lee Barrett, executive director of EHNAC. “To coincide with that, it is imperative to determine that the registries that are being chosen to use have the necessary protections in place to handle the many privacy and security challenges that they will face. When it comes to health data privacy and security, the risks are much too high to assume that everything is up to par – it is much better to ensure it is on the frontend by using an accredited entity that has been reviewed by a third-party.”
As beta participants throughout the consultative and consensus-driven process of program development, Alpha II, LLC and FIGmd, Inc. were the first to undergo evaluation on their compliance with the criteria and receive full accreditation status for the two-year timeframe.
“Being one of the first organizations to become accredited for EHNAC’s Data Registry program and participating on the development committee was an important experience for Alpha II, as it allowed us to play an integral role in not only shaping of the program itself but also preparing the initial criteria,” said Jan Powell, CEO of Alpha II. “We’ve already been EHNAC accredited for HNAP-EHN, so it made perfect sense that we demonstrate our continued commitment to the highest standards in data privacy, security and compliance with our newest product – Alpha II PQRS Registry.”
“As an increasing number of customers rely on our registry platform as their solution of choice for launching and scaling clinical registries, it was important to us that we showcase our commitment to the highest levels of data security and protection,” said Sanket Baralay, president and CEO of FIGmd. “This EHNAC accreditation was a tremendous accomplishment for our organization, and we see it as a way to ensure trust in the marketplace.”
EHNAC’s Data Registry Accreditation Program includes the criteria, standards and framework for creating a core set of requirements for compliance. In addition, DRAP:
- Ensures stakeholder trust for managing the registry credentials used between exchange users;
- Reviews the key functions of structure, portability, interoperability, clinical integration, compliance monitoring, reporting and industry certification/accreditation; and
- Serves as a baseline standard for stakeholders to assure compliance with CMS requirements and guidelines.
Visit www.ehnac.org for more details on DRAP and the many other EHNAC accreditation programs.
About EHNAC
The Electronic Healthcare Network Accreditation Commission (EHNAC) is a voluntary, self-governing standards development organization (SDO) established to develop standard criteria and accredit organizations that electronically exchange healthcare data. These entities include accountable care organizations, data registries, electronic health networks, EPCS vendors, eprescribing solution providers, financial services firms, health information exchanges, health information service providers, management service organizations, medical billers, outsourced service providers, payers, practice management system vendors and third-party administrators.
EHNAC was founded in 1993 and is a tax-exempt 501(c)(6) nonprofit organization. Guided by peer evaluation, the EHNAC accreditation process promotes quality service, innovation, cooperation and open competition in healthcare. To learn more, visit www.ehnac.org, contact info@ehnac.org, or follow us on Twitter, LinkedIn and YouTube.
CONTACT: Press contact information:Dave Anderson, Anderson Interactive, 678-401-2991dave@andersoni.comDebra Hopkinson, EHNAC, 860-408-1620dhopkinson@ehnac.org
- Ensures stakeholder trust for managing the registry credentials used between exchange users;
