Tech News
-
Manhattan Associates Marks a Decade of Leadership in Warehouse Management Market Share
ATLANTA, Oct. 14, 2015 (GLOBE NEWSWIRE) -- Marking a decade of leadership, Manhattan Associates, Inc. (NASDAQ:MANH) announced today that, based on revenues, it is again ranked as the global leading supplier of “Total WMS Software and Services” in ARC Advisory Group’s “Warehouse Management Systems Global Market Research Study, Market Analysis and Forecast Through 2019.”
Published annually, the ARC study follows more than 40 suppliers of WMS solutions and provides a detailed analysis and forecast for the marketplace through 2019. In addition to its global market share leader position, Manhattan Associates also took the top spot for WMS in Asia-Pacific and North America.
“The current omni-channel retail paradigm shift, driven in large part by the surge in e-commerce, is arguably the most significant supply chain management trend in the last decade,” ARC Advisory Group Enterprise Software Analyst Clint Reiser writes in the report. The report continues, “Manhattan is well situated to capitalize on this multichannel fulfillment transformation due to its well-established warehouse management solution set, distributed order management offering and store inventory and fulfillment offering.”
“We are proud to continue our strong showing in this influential report that shows we have increased our share of the overall WMS market in recent years,” said Scott Fenwick, senior director, product management, Manhattan Associates. “The unique combination of our market-leading WMS and Order Management Solutions is a powerful asset for companies going through an omni-channel transformation.”
Manhattan Associates holds the top market share in 23 of the 37 categories tracked by ARC, including:
- WMS for Apparel Retail
- WMS for Department Stores
- WMS for Home Improvement Retail
- WMS for Retail
- WMS for Retail Electronics
- WMS for Pharma
- WMS for Grocery Retail
- WMS for Transportation and Logistics
- WMS for Wholesale
Receive up-to-date product, customer and partner news directly from Manhattan Associates on Twitter and Facebook.
About Manhattan Associates
Manhattan Associates makes commerce-ready supply chains that bring all points of commerce together so you’re ready to sell and ready to execute. Across the store, through your network or from your fulfillment center, we design, build and deliver market-leading solutions that support both top-line growth and bottom-line profitability. By converging front-end sales with back-end supply chain execution, our software, platform technology and unmatched experience help our customers get commerce ready—and ready to reap the rewards of the omni-channel marketplace. For more information, please visit www.manh.com.
CONTACT: Cameron SmithManhattan Associates 678-597-6841camsmith@manh.com
-
Rapid7 Acquires Logentries; Adds Machine Data Search to Its Leading Security Data and Analytics Platform
BOSTON, Oct. 13, 2015 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leading provider of security data and analytics solutions, today announced it has acquired RevelOps, Inc. d/b/a Logentries (Logentries), a leading provider of machine data search technology. With the addition of Logentries' world class, cloud-based log management and search, Rapid7 will enable information security teams to solve a full range of security challenges, deeply investigate incidents, and more efficiently achieve their compliance requirements. Rapid7 acquired Logentries for an aggregate purchase price of approximately $68 million, consisting of approximately $36 million in cash and $32 million in Rapid7 equity.
"We're thrilled to add Logentries' technology and team to Rapid7. The disruptive combination of Rapid7's industry-leading data collection and security analytics and Logentries' compelling machine data search technology, enables customers to better understand and quickly respond to risk in their IT environment," said Corey Thomas, president and chief executive officer of Rapid7. "This is a natural progression of our security data and analytics platform, complementing our value proposition and accelerating our time to market."
Customers need solutions that can quickly cut through the noise to deliver valuable information about activity in their IT environment. Today, Rapid7 offers one of the broadest and deepest collections of data, from the endpoint to the cloud. With this robust data collection and packaged analytics, Rapid7 enables security teams to quickly and accurately assess and act to reduce risk, identify and respond to threat actors on the network, and consistently improve their security posture.
Logentries' innovative technology provides a powerful cloud-based solution for searching, visualizing, and analyzing machine data and logs. Built-in tagging, alerting, and reporting make it easy for customers to maintain a proactive view of their environment and identify anomalous events. Logentries' scalable, cost-effective architecture enables users to store and search structured, semi-structured, and unstructured data in real time – in some cases five-to-ten times faster than competing solutions – and at a lower cost.
The acquisition of Logentries accelerates Rapid7's product roadmap, adding machine data search, forensics, and compliance capabilities that complement and build upon Rapid7's core technology leadership and market strengths around threat exposure management, and incident detection, investigation, and analytics.
Andrew Burton, chief executive officer of Logentries commented, "Rapid7's leading position in the security data and analytics market gives us the opportunity to reach an evolving and expanding market that is looking for lower cost access to machine data, along with advanced security data collection and analytics."
Logentries is headquartered in Boston, Massachusetts, with a talented research and development team based in Dublin, Ireland. Logentries serves more than 3,000 customers in over 65 countries across a diverse set of industries. Logentries has approximately 70 employees, nearly all of whom joined Rapid7, including all of the engineering and development professionals in Dublin. Rapid7 will continue to build this team and invest in its presence in Ireland.
Acquisition Details and Financial Impact
The acquisition of Logentries was completed on October 13, 2015 for an aggregate purchase price of approximately $68 million, consisting of approximately $36 million in cash from Rapid7's balance sheet, the issuance of approximately 1.3 million unregistered shares of Rapid7 common stock, and the assumption of vested options, which became exercisable for approximately 0.2 million shares of Rapid7 common stock.
"In addition to the strong technology and business fit between Logentries and Rapid7, we're excited to add their unique technology and drive new offerings that are expected to be accretive to Rapid7's growth rate," said Steven Gatoff, chief financial officer of Rapid7. "We anticipate the acquisition of Logentries driving an incremental $10-12 million in billings in 2016. Importantly, we do not expect the acquisition to have a material impact on the overall timing of our attainment of positive operating cash flow or on non-GAAP profitability breakeven."
Rapid7 expects the acquisition of Logentries to be neutral to operating cash flow in the second half of 2016 and to be accretive to operating cash flow, non-GAAP operating income and non-GAAP earnings per share in 2017 and beyond.
For 2016, Rapid7 expects the acquisition to contribute approximately $4 million to $5 million in revenue, be dilutive to non-GAAP operating loss and non-GAAP loss per share by approximately $4 million to $5 million and $0.07 to $0.09, respectively.
For the fourth quarter of 2015, Rapid7 expects the acquisition to contribute approximately $1.5 million in incremental billings and approximately $0.5 million in revenue and to be dilutive to non-GAAP operating loss and non-GAAP loss per share by approximately $2.5 million to $3 million and $0.06 to $0.07, respectively.
In order to induce Logentries' employees to join and to retain and incentivize them going forward, Rapid7 has granted 910,812 shares of restricted common stock to 39 individuals who became employees of Rapid7 or one of its subsidiaries upon the closing of the acquisition. These awards were approved by the compensation committee of Rapid7's board of directors, and were issued on October 13, 2015 under and pursuant to the terms of Rapid7's 2015 Equity Incentive Plan, as amended (the "Plan").
As required by NASDAQ Marketplace Rule 5635(c)(4), Rapid7 has today announced these new employee inducement grants, which were made under a separate share reserve under the Plan designated for awards to be made to new employees of Rapid7 as an inducement material to such persons entering into employment with Rapid7 that was not approved by Rapid7's stockholders. The inducement awards described above vest over a one to three year period, with the first vesting date occurring on the six month anniversary of the closing of the acquisition and quarterly thereafter. Certain of these awards are subject to possible accelerated vesting under certain circumstances.
Today's Conference Call and Webcast Information
Rapid7 will host a conference call today to discuss the acquisition of Logentries at 5:00 p.m. Eastern Time. The call will be accessible by telephone at 888-223-4580 (domestic) or 303-223-2683 (international). The call will also be available live via webcast on the company's web site at http://investors.rapid7.com. A telephone replay of the conference call will be available at 800-633-8284 or 402-977-9140 (access code 21779435) until October 16, 2015. A webcast replay will be available at http://investors.rapid7.com.
About Rapid7
Rapid7 is a leading provider of security data and analytics solutions that enable organizations to implement an active, analytics-driven approach to cyber security. We combine our extensive experience in security data and analytics and deep insight into attacker behaviors and techniques to make sense of the wealth of data available to organizations about their IT environments and users. Our solutions empower organizations to prevent attacks by providing visibility into vulnerabilities and to rapidly detect compromises, respond to breaches, and correct the underlying causes of attacks. Rapid7 is trusted by more than 4,150 organizations across 90 countries, including 34% of the Fortune 1000. To learn more about Rapid7 or get involved in our threat research, visit www.rapid7.com.
About Logentries
Logentries provides a powerful cloud-based solution for collecting, searching, visualizing, and analyzing machine data and logs. The scalable and cost-effective architecture enables users to store and search structured, semi-structured, and unstructured data in real time – in some cases five to ten times faster than competing solutions. Logentries' unique approach is very efficient for customers, and the user interface makes it easy to learn and use. Logentries serves more than 3,000 customers in over 65 countries across a diverse set of industries.
Non-GAAP Financial Measures
Rapid7 believes that the use of prospective non-GAAP operating loss and non-GAAP loss per share is helpful to our investors. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP, and non-GAAP financial measures as used by us may not be comparable to similarly titled amounts used by other companies. Quantitative reconciliations of the prospective non-GAAP measures included herein to the most directly comparable U.S. GAAP financial measures have not been provided. Not all of the information necessary for quantitative reconciliations is available to Rapid7 at this time without unreasonable efforts.
Cautionary Language Concerning Forward-Looking Statements
This press release includes forward-looking statements. All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding the anticipated benefits of the acquisition of Logentries and the future performance of the combined business, the expected billings, revenue and cost contributions of the acquired business, our future financial and business performance for the fourth quarter and full-year 2015, technical innovations, market opportunity and plans and objectives for future operations, are forward-looking statements. The words "anticipate," believe," "continue," "estimate," "expect," "intend," "may," "will" and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation, risks related to our rapid growth and ability to sustain our revenue growth rate, the ability of our products and professional services to correctly detect vulnerabilities, competition in the markets in which we operate, market growth, our ability to innovate and manage our growth, our ability to operate in compliance with applicable laws and the risks and uncertainties set forth in the "Risk Factors" section of our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission for the quarterly period ended June 30, 2015, and subsequent reports that we file with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. We are under no duty to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations, except as required by law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.
CONTACT: Rapid7 Investor Relations: +1 (857) 415-4419 investors@rapid7.com Rapid7 Media Relations: +1 (857) 288-7438 press@rapid7.com
-
Geisinger Health System to Utilize Cerner's HealtheIntent Population Health Management Platform Across Disparate EHR Systems
KANSAS CITY, Mo., Oct. 13, 2015 (GLOBE NEWSWIRE) -- Geisinger Health System, a national model for high quality and high value health care, has decided to collaborate with Cerner, a global leader in health care technology, to use Cerner's HealtheIntent℠ population health management platform to further extend Geisinger's data-driven population health capabilities. A representative from Geisinger made the announcement at the Cerner Health Conference in Kansas City.
"In a time when payment models are changing from volume to value, Cerner and Geisinger share a core belief that managing the health of populations requires access to information outside traditional health care domains," said Neal Patterson, chairman and CEO, Cerner. "We admire Dr. Feinberg's vision for a better patient experience, and we're excited to be a strategic part of Geisinger's ability to provide systems-level insights to manage population health at scale."
Geisinger leveraged HealtheIntent, a system-agnostic, near real-time platform that normalizes data from any source, to aggregate clinical and financial data from its core electronic health record (EHR) and other sources, such as its insurance company, in a proof-of-concept project. Given the positive outcome of the demonstration, Geisinger has decided to include HealtheIntent as a core component of its Unified Data Architecture platform (UDA). Geisinger's UDA is designed to handle both structured and unstructured data to enable deeper insights for both individuals and entire populations.
"Leveraging our vast stores of data is one way we demonstrate our commitment to ensuring Geisinger's patients benefit from leading-edge advances in health care," said Dr. David Feinberg, CEO, Geisinger. "Implementing HealtheIntent as part of our UDA will afford our providers unparalleled access to data and allow them to pursue new and exciting data analytics opportunities that will improve patient experience and patient outcomes."
The cloud-based platform is designed to be accessed by physicians anywhere, anytime.
"While EHRs have successfully digitized some health care information, convenient and personalized care will only be achieved through integration of data from sources within and outside the EHR platforms – it is about time for the health care industry to begin taking advantage of cloud-based big data analytics, like HealtheIntent to manage patients," said Dr. Alistair Erskine, chief clinical informatics officer at Geisinger.
Cerner believes population health management is imperative to achieving better outcomes.
"HealtheIntent enables providers to use meaningful data to proactively engage with patients beyond the office setting," said Matthew Swindells, senior vice president, population health at Cerner. "It's this personalized care that will enable the transformation of the health care industry and allow for a deeper level of care continuity."
Geisinger and Cerner, along with xG Health Solutions, also have a Master Collaboration Agreement to develop SMART® on FHIR® applications to manage particular patient populations and improve clinical outcomes.
About Cerner
Cerner's health information technologies connect people, information and systems at more than 18,000 facilities worldwide. Recognized for innovation, Cerner solutions assist clinicians in making care decisions and enable organizations to manage the health of populations. The company also offers an integrated clinical and financial system to help health care organizations manage revenue, as well as a wide range of services to support clients' clinical, financial and operational needs. Cerner's mission is to contribute to the systemic improvement of health care delivery and the health of communities. On February 2, 2015, Cerner Corporation acquired substantially all of the assets, and assumed certain liabilities, of the Siemens Health Services business from Siemens AG. Nasdaq: CERN. For more information about Cerner, visit cerner.com, read our blog at cerner.com/blog, connect with us on Twitter at twitter.com/cerner and on Facebook at facebook.com/cerner.
Certain trademarks, service marks and logos set forth herein are property of Cerner Corporation and/or its subsidiaries. All other non-Cerner marks are the property of their respective owners.
CONTACT: Media Contact: Marlene.Bentley@Cerner.com
-
LECTRA: Lectra-ESCP Europe Chair organizes a round table discussion on "Fashion, Sustainable Development and Technology"
H&M, Kering, European TK'Blue Agency and Eva Zingoni presented their organizations' actions
PARIS, Oct. 13, 2015 (GLOBE NEWSWIRE) -- Lectra, the world leader in integrated technology solutions dedicated to industries using soft materials-fabrics, leather, technical textiles and composite materials-and ESCP Europe recently organized a round table on "Fashion, Sustainable Development and Technology" under the auspices of the "Fashion and Technology" Chair. The Lectra-ESCP Europe Chair, inaugurated in February 2014, aims to develop and convey knowledge based on innovations within the fashion and luxury sectors, thanks to cutting-edge technologies.
In the run up to the launch of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 21), which will be held next month in Paris, Lectra and ESCP Europe sought to present some of the ongoing sustainable development changes in the fashion sector. The round table attendees included, Rémi Crinière, Head of Environmental and Social Responsibility H&M France; Dr. Helen Crowley, Head of sustainable sourcing innovation, Kering; Philippe Mangeard, European TK'Blue Agency President; Eva Zingoni, sustainable fashion designer as well as Laurence Jacquot, Director of Industrial Operations and Hardware R&D, Lectra.
The panelists agreed on a number of principles that allows the fashion industry to become environmentally sustainable more quickly and efficiently. These included, being one step ahead of consumers' behavior; the necessity of supply chain transparency; participating in cross-industry platforms in order to drive forward innovation; use technology that permits fashion brands to be more environmentally friendly as well as socially responsible.
"The fashion industry should be ahead of its time. Unfortunately, it has fallen behind as far as sustainable development is concerned," points out Eva Zingoni. The clothing industry suffers from structural constraints, making it one of the least sustainable sectors. This impacts the entire supply chain, beginning with the production of raw materials to end-of-life product management via manufacturing conditions.
"A fashion company, such as Kering, has to manage worldwide and complex supply chains. We have already developed several actions and programs to improve our understanding so as to better measure our impact and therefore reduce it step-by-step throughout the entire supply chain," explains Helen Crowley. Kering, which is at the top of the Dow Jones Sustainability Index 2015 in the textile, clothing and luxury products sector for the second consecutive year, has decided to implement a more sustainable economic model that covers the entire span of its operations. To execute this strategy, the company uses an important tool, namely the environmental profit and loss account (E P&L), which is integrated into all of its brands.
"It is possible to develop and find more sustainable solutions so long as there is a will to do so. It is above all a matter of company culture and state of mind," affirms Rémi Crinière. "The company's strategic choices must be stable in order to be lasting. Swedish, family-owned company H&M focuses on long-term rather than short-term profits by adhering to sustainable development and circular economy practices." The H&M Conscious Foundation recently launched the Global Change Award, endowed with one million euros, to drive innovation that will bring the circular economy into the fashion industry.
"Innovation and best practices help to reduce both transportation's cost and overall environmental footprint (CO2, particles, but also noise, congestion.) in an industry that is heavily dependent upon such means. This is not just the case for international transportation, but also inner-city delivery to stores and e-commerce customers," adds Philippe Mangeard.
"Lectra's innovative solutions help fashion industry players reduce their carbon footprint, while respecting economic priorities," notes Laurence Jacquot. "For example, 3D technology reduces the use of physical prototypes, while PLM allows teams to work together in real time without any paper work. Better designed collections respond to consumer demand, thereby reducing waste associated with unsold merchandise."
The round table was moderated by the Co-Directors of Lectra-ESCP Europe "Fashion and Technology" Chair Céline Abecassis-Moedas and Valérie Moatti.
For further information, visit the Lectra-ESCP Europe Chair's website at www.mode-technologie.fr/en and join its social networks.About ESCP Europe
Established in 1819, ESCP Europe is the world's oldest business school and has educated generations of leaders and entrepreneurs.
With its five urban campuses in Paris, London, Berlin, Madrid, and Torino, ESCP Europe's true European Identity enables the provision of a unique style of cross-cultural business education and a Global Perspective on international management issues.
About Lectra
Lectra is the world leader in integrated technology solutions that automate, streamline and accelerate product design, development and manufacturing processes for industries using soft materials. Lectra develops the most advanced specialized software and cutting systems and provides associated services to a broad array of markets including fashion (apparel, accessories, footwear), automotive (car seats and interiors, airbags), furniture, as well as a wide variety of other market sectors, such as aeronautical and marine industries, wind power and personal protective equipment. Lectra serves 23,000 customers in more than 100 countries with 1,500 employees, and registered revenues of $281 million in 2014. The company is listed on Euronext.
For more information, please visit www.lectra.com
Contact - Lectra Headquarters / Press Dept.: Nathalie Fournier-Christol
E-mail: n.fournier-christol@lectra.com
Tel.: +33 (0)1 53 64 42 37 - Fax: +33 (0)1 53 64 43 40Lectra_ESCP Europe_round table_press release http://hugin.info/143494/R/1958197/713530.pdf
HUG#1958197
-
Centage Corporation Named Finalist in the 7th Annual Golden Bridge Awards for Innovation in Business Process Management and Best Deployment
NATICK, Mass., Oct. 13, 2015 (GLOBE NEWSWIRE) -- Centage™ Corporation, a leading provider of budgeting and forecasting software (Budget Maestro™) for small and medium sized businesses has been recognized as a finalist in two categories in the Annual 2015 Golden Bridge Awards® including "Innovation in Business Process Management" for Analytics Maestro, and "Best Deployment" based on the successful customer case study with M3 Midstream, LLC. The coveted annual Golden Bridge Awards program encompasses the world's best in organizational performance, products and services, innovations, executives and management teams, among others, from every major industry. Organizations from all over the world are eligible to submit nominations. Winners will be honored in San Francisco on Monday, November 16, 2015 during the sixth annual awards dinner and presentation.
Innovation in Business Process Management – Finalist
Analytics Maestro for Microsoft Dynamics GP integrates directly with Microsoft Dynamics GP to give accounting and other financial professionals simple, seamless, self-serve reports from GL and sales order processing data without IT involvement. The dynamic tool gives accountants the power and flexibility they need to build engaging reports and real-time dashboards to deliver more accurate insight decision makers need to confidently monitor their companies' performance on a proactive basis.
Best Deployment – Finalist
M3 Midstream, an independent midstream energy company, relied on archaic spreadsheets to manage their budgeting and forecasting processes. However, the manual process was too inefficient and error prone. The company's business model and revenue stream depended on them providing a turn-key natural gas production facility so being able to accurately forecast the resulting demand for cash over an 18-24 month pre-production cycle was paramount to the company's success. With detailed cash forecasting capabilities, Budget Maestro from Centage Corporation was the only solution to meet M3's needs. By leveraging user defined drivers to create and revise the budget and forecasts automatically as adjustments were made, the team at M3 was able to develop their annual budget 50% times faster than using spreadsheets. Read more HERE.
"We are pleased to be named a finalist by Golden Bridge Awards," said Barry Clapp, President & CEO, Centage. "The recognition is a testament to our commitment to developing the next generation of budgeting and planning tools designed to help financial professionals confidently manage the financial health of their organization."
For more information follow us on Twitter @Centage or visit our blog http://centage.com/Blog/.
About the Golden Bridge Awards
Golden Bridge Awards are an annual industry and peers recognition program honoring Best Companies of all types and sizes and the people behind them in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America, Best Products and Services, Innovations, Management and Professionals, Women in Business and the Professions, International Business, Corporate Communications, PR and Marketing, Product Management, Customer Service, Support, Human Resources, Information Technology, and Company Milestones. Learn more about the outstanding performances in the workplace recognized by Golden Bridge Awards worldwide at www.goldenbridgeawards.com.
About Centage
Budget Maestro® by Centage is an easy-to-use, scalable, automated budgeting, planning, and forecasting application. It is designed for small to mid-market companies and automates many of the time-consuming and error-prone activities associated with using spreadsheets to generate accurate budgets and forecasts. It features built in financial and business logic that allow users to build and update their budgets and forecasts and never worry about formulas, functions, links or any custom programming. It is the only solution in the market that offers synchronized P &L, Balance Sheet, and Cash Flow reporting that generate automatically and seamlessly update. Budget Maestro serves more than 7,000 users worldwide. Visit us at www.centage.com. For more information follow us on Twitter @Centage or visit our blog http://blog.centage.com/ for the latest insights on budgeting and forecasting strategies.CONTACT: Sarah Murray Attune Communications +1 781 378 2674 sarah@attunecommunications.com
-
COPsync Announces 1-for 50 Reverse Stock Split
Dallas, Oct. 13, 2015 (GLOBE NEWSWIRE) -- COPsync, Inc. (OTCQB: COYN), which operates the nation's only law enforcement in-car information sharing and communication network and the COPsync911 threat alert service for schools, government buildings, hospitals and other potentially at-risk facilities, announced a 1-for-50 reverse split of its common stock that was effective at 12:01 A.M. on Wednesday, October 14, 2015, with a simultaneous record date, and in effect at the opening of trading on the OTCQB tier of the OTC Markets on Wednesday, October 14, 2015. The reverse stock split was approved by the company's shareholders by written consent on July 7, 2015 and the specific ratio was subsequently determined at a meeting of the company's Board of Directors on September 9, 2015.
The reverse stock split was implemented to help the company become eligible for listing on The NASDAQ Capital Market ("NASDAQ"). The company has applied for listing on NASDAQ because it expects that the listing will broaden the company's shareholder base to include more institutional investors and larger retail investors and also improve liquidity in the company's securities. The company can provide no assurance, however, that the up-listing will be approved and, even if approved, that the expected benefits of up-listing will be realized.
At the effective time of the reverse stock split, every 50 shares of the company's common stock will be converted into one newly issued share of the company's common stock, without any change in the par value per share.
The reverse stock split will reduce the number of shares of the company's outstanding common stock from 208,588,818 to approximately 4,171,806 shares. Proportional adjustments will be made to the company's outstanding stock options and outstanding warrants. The number of authorized shares of the company's common stock will remain at 500,000,000 shares.
Each holder who otherwise would have been entitled to receive a fractional share as a result of the reverse stock split shall receive an additional share of common stock.
Holders of shares of common stock held in book-entry form or through a bank, broker or other nominee do not need to take any action in connection with the reverse split, and will see the impact of the reverse split automatically reflected in their accounts. Beneficial holders may contact their bank, broker or nominee for more information. Holders of shares in certificate form or a combination of certificate and book-entry form do not need to take any action to exchange their stock certificates. Stockholders may continue to make sales or transfers using their old stock certificates. Upon request, we will issue new certificates to anyone who holds old stock certificates in exchange therefor.
Additional information about the reverse stock split can be found in the company's definitive information statement filed on Schedule 14C with the Securities and Exchange Commission on August 5, 2015, a copy of which is available at www.sec.gov.
About COPsync
COPsync, Inc. (OTCQB: COYN) is a technology company that improves communication between and among law enforcement officers and agencies from differing jurisdictions to help them prevent and respond more quickly to crime. The COPsync Network connects law enforcement officers and agencies to a common communications system, which gives officers instant access to actionable, mission-critical data and enables them to share information and communicate in real-time with other officers and agencies, even those hundreds and thousands of miles away. The Network's companion, COPsync911 threat alert system, enables schools, courts, hospitals, government buildings, energy, telecommunications and other potentially at-risk facilities to automatically and silently send threat alerts directly to local law enforcement officers in their patrol cars in the event of a crisis, thereby speeding first responder response times and saving minutes when seconds count. The COPsync Network saves officer and citizen lives, reduces unsolved crimes and assists in apprehending criminals and interdicting criminal behavior -- through such features as a nationwide officer safety alert system, GPS/auto vehicle location and distance-based alerts for crimes in progress, such as school crisis situations, child abductions, bank robberies and police pursuits. The COPsync Network also eliminates manual processes and increases officer productivity by enabling officers to electronically write tickets, accident reports, DUI forms, arrest forms and incident and offense reports. The company also sells VidTac(R), an in-vehicle, software-driven video system for law enforcement. Visit www.copsync.com and www.copsync911.com for more information.
Statements in this release that are not purely historical facts or that depend upon future events, including statements about forecasts of earnings, revenue, product development, sales or other statements about anticipations, beliefs, expectations, intentions, plans or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Examples of such forward-looking statements include, without limitation, "…because it expects that the listing will broaden the company's shareholder base to include more institutional investors and larger retail investors and also improve liquidity in the company's securities." Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements are based on information available to the Company on the date this release was issued. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to the Company's ability to obtain and retain customers and development, implementation and acceptance of its products and services. The Company may not succeed in adequately addressing and managing these and other risks. Further information regarding factors that could affect the Company's financial, operating and other results can be found in the risk factors section of the Company's filing on Form 10-K for 2014 and other filings the Company may make with the Securities and Exchange Commission from time-to-time.
CONTACT: Contact: Ronald A. Woessner Dian Griesel Int'l Chief Executive Officer Susan Forman 972-865-6192 212-825-3210 invest@copsync.com sforman@dgicomm.com
-
Target Analytics Launches New Specialized Fundraising Solutions
CHARLESTON, S.C., Oct. 13, 2015 (GLOBE NEWSWIRE) -- Target Analytics, a division of Blackbaud, Inc. (NASDAQ:BLKB), today announced the availability of its Grateful Patient Healthcare solution, designed for patient populations, and Very Important Patron (VIP) solution, specific to arts & cultural visitor and ticket buyer populations, enabling rapid identification of donor prospects for annual gift and major gift fundraising appeals.
“Both healthcare and arts & cultural organizations have diverse daily visitors, all of which are meaningfully engaged in an experiential event, but only a select number have the likelihood and capacity to honor that experience with a philanthropic gift,” said Richard Becker, president of Blackbaud Target Analytics. “Our new screening solutions enable both healthcare and arts and cultural organizations to identify annual and major gift fundraising prospects when visitors are meaningfully engaged with their organization, increasing fundraising opportunity identification, effectiveness and donor conversion.”
Target Analytics’ Grateful Patient Healthcare solution
Healthcare organizations create grateful patients on a daily basis, and many of these grateful patients possess philanthropic characteristics that make them prime candidates for an annual or major gift. With Target Analytics’ Grateful Patient Healthcare solution, healthcare organizations can screen lists of in-patient and out-patient files within minutes, obtaining information that identifies and prioritizes donor prospects from recent patient populations, along with intelligence that influences donor prospect engagement, whether that engagement is via direct marketing or face-to-face.“The healthcare bundle is having a major impact on our daily processes and, more specifically, refining our Grateful Patient program. Our development officers are more fully equipped to meet their day-to-day and annual goals,” said Cherie Menke, system development data coordinator for UCHealth.
Target Analytics’ Very Important Patron (VIP) Solution
Arts & cultural organizations engage patrons with performances, exhibitions, and events, providing them culturally rich learning and life experiences. Many of these patrons have demonstrated philanthropic behaviors and wealth characteristics that make them uniquely qualified to give an annual or major gift. With Target Analytics’ Very Important Patron (VIP) solution, arts & cultural organizations can screen lists of visitors and participants within minutes, obtaining key data that enables the identification and prioritization of donor prospects, along with information that enables a timely direct marketing or major gift fundraising strategy.“By far - Target Analytics gives us the best results, and better accuracy in matching donors with the wealth information available,” said Candace Chesler, Blackbaud Database Manager at Bernard Zell Anshe Emet.
Target Analytics, a division of Blackbaud Inc., offers data and analytic driven solutions to over 7,000 nonprofit clients, enabling nonprofits’ direct marketing fundraising, donor prospect research, major gift fundraising, data health, and fundraising performance measurement. For more information about its Grateful Patient Healthcare solution, visit www.blackbaud.com/gratefulhealthcare and to learn more about its Very Important Patron (VIP) solution, visit www.blackbaud.com/culturalscreening.
About Blackbaud
Serving the worldwide philanthropic community for more than 30 years, Blackbaud (NASDAQ:BLKB) combines innovative software and services, and expertise to help organizations achieve their missions. Blackbaud works in over 60 countries to power the passions of more than 30,000 clients, including nonprofits, K-12 private and higher education institutions, healthcare organizations, foundations and other charitable giving entities, and corporations. The company offers a full spectrum of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Blackbaud's portfolio of software and services support nonprofit fundraising and relationship management, eMarketing, advocacy, accounting, payments and analytics, as well as grant management, corporate social responsibility, and education. Using Blackbaud technology, these organizations raise, invest, manage and award more than $100 billion each year. Recognized as a top company, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland and the United Kingdom. For more information, visit www.blackbaud.com.Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding the introduction of new products and product features, as well as the expected benefits of the new products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.CONTACT: Media ContactNicole McGouganPublic Relations843.654.3307nicole.mcgougan@blackbaud.com
-
Digital Signage Provider, Industry Weapon, Announces Collaboration with Google in Upcoming Webinar
PITTSBURGH, PA., Oct. 13, 2015 (GLOBE NEWSWIRE) -- Industry Weapon, experts in simplifying and advancing the applications of digital signage, announced support for Google's Chrome Devices. Industry Weapon's line of Google streaming media players complements their portfolio of traditional caching devices. To make deployments even easier, the Chrome Device can be configured to Industries Weapon specs without requiring traditional device imaging.
"We're excited about our new relationship with Google. Chrome Devices are affordable, have a small form factor, and take no time to get content up and running."
- William Chufo, CIO, Industry Weapon
The Google Chrome Devices hit a sweet spot in the digital signage market as media players become less expensive and smaller in build. Its lightweight, compact size makes it more versatile than its larger counterparts. However, both size and price have no effect on its capabilities.
Google Chrome Devices will enable Industry Weapon users the same abilities they get from their existing media players which include designing, scheduling, and publishing multimedia content to digital signs. Industry Weapon's SaaS platform, CommandCenterHD, is a content management platform that features automated data integrations protected by a secure hybrid-cloud infrastructure. Industry Weapon differentiates itself by delivering unparalleled security features, backed by PCI compliancy and SOC 2 Auditing standards.
To learn more about the partnership, the companies are hosting a joint webinar on October 28th at 2 pm Eastern Time. You can register to attend the webinar here.
About Industry WeaponIndustry Weapon (www.industryweapon.com), a digital media company, specializes in simplifying and advancing the applications of digital signage. The SaaS solution enables subscribers to design, schedule and publish multimedia content and integrated data sources to screens, kiosks, tablets and mobile devices. Their solution is suited for all industries and includes 24/7 free support and training along with design and creative services.
For additional information please email Industry Weapon at press@industryweapon.com
Or call 1-877-344-8450
-
Nexant Executive to Speak at National Summit on Smart Grid & Climate Change
SAN FRANCISCO, CALIF., Oct. 13, 2015 (GLOBE NEWSWIRE) -- Nexant Senior Vice President of Utility Services, Mike Sullivan, will speak on a panel discussion at the National Summit on Smart Grid & Climate Change being held this week in Washington, D.C. Sullivan will join industry experts on the "Smart Grid and Adaptation" panel, a discussion of the impacts of the EPA Clean Power Plan (CPP) on electricity reliability from different points of view on the grid.
Sullivan will be joined on the panel by several other utility industry leaders including moderator Lori Singleton, Director Emerging Customer Programs – Solar, Sustainability and Telecom, Salt River Project; Tom Bialek, Chief Engineer, Smart Grid Integration Team, San Diego Gas & Electric; and Jeff Burleson, VP of System Planning, Southern Company Southern Company.
At Nexant, Sullivan is SVP, Utility Services and has more than 30 years of utility industry consulting experience directing strategic planning, economic analysis, statistical surveying, research design and DSM program evaluation projects. He co-leads Nexant's Customer Strategy, Planning and Analysis practice focused on designing, implementing and evaluating demand response and energy efficiency programs. Sullivan is an expert in estimating energy savings resulting from behavioral interventions and feedback devices and economic benefits resulting from transmission and distribution system investments, such as smart grid and advanced metering.
About the National Summit on Smart Grid & Climate ChangeThe 2nd Annual National Summit on Smart Grid & Climate Change, to be held October 13-14, 2015 in Washington, D.C., will bring together policymakers, utilities, technology companies and a wide variety of environmental and energy stakeholders to address the role of smart grid technologies and practices in mitigating and adapting to climate change. Learn more at smartgridclimatechange.org.
About NexantNexant is a global software and services company that helps utilities navigate a changing landscape and enable the implementation of smart grid, clean energy and demand management initiatives. Nexant solutions help utilities embrace a customer-centric model that aligns strategic planning, grid operations and demand side management to improve customer engagement, boost operational efficiency, reduce costs and achieve superior business results. See nexant.com for more.
CONTACT: Media Contact Heatheryn Higgins, Nexant Director of Communications +1.303.998.2474 hhiggins@nexant.com
-
GovDelivery Adds Advanced Marketing Capabilities to Public Sector Communications Platform
SAINT PAUL, Minn., Oct. 13, 2015 (GLOBE NEWSWIRE) -- GovDelivery, the leading provider of cloud-based solutions enhancing the government-to-citizen experience, today announced the release of advanced marketing capabilities to the GovDelivery Communications Cloud. Communication is at the foundation of customer service and the digital experience, and these new capabilities allow public sector communicators to incorporate greater degrees of testing, segmentation, and pre-built campaigns to improve awareness of key programs, while moving citizens from awareness-to-action.
"We live in a customer-centric world where every industry works to meet customers on their terms," said Scott Burns, CEO and co-founder of GovDelivery. "While the public sector has a greater challenge in defining its customer, our work with more than 1,000 government agencies reveals that government can use a customer-centric, digital-driven approach to promote online transactions, enhance public awareness to drive behavior change, and improve citizen involvement."
"From the largest federal agencies down to local government organizations, we see government agencies becoming increasingly sophisticated in the execution of digital strategies. Our advanced offerings for the GovDelivery Communications Cloud build on years of experience to streamline audience segmentation, campaign, and message testing capabilities," said Laurel Anderson, VP of Product Development.
The GovDelivery Communications Cloud allows government to reach more people, engage them in today's most effective channels and convert them to take action. The platform includes access to the GovDelivery Network, which connects government to a built-in network of more than 90 million citizens, and is proven to double audiences within the first year.
The GovDelivery Communications Cloud is regularly updated to include new capabilities. Today's announcement marks the first time that GovDelivery has released a complete package of new capabilities designed around transforming the citizen experience. Capabilities include pre-built digital campaigns proven to successfully onboard new customers, automated A/B testing and targeting tools to increase engagement among existing audiences.
For more information on GovDelivery's new advanced offerings, read this blog post. Government organizations can also register for a webinar on October 21 or contact info@govdelivery.com to learn more.
About GovDelivery
Over one thousand public sector organizations use GovDelivery's, highly-secure, cloud solutions every day to enhance the citizen experience for more than 90 million people. GovDelivery offers leading solutions for managing government communications, internal and external learning, and open data. The GovDelivery Network offers a unique and impactful way for public sector organizations to work together to cross promote content and increase digital reach. Organizations using GovDelivery see higher utilization of citizen services and greater citizen engagement. GovDelivery is an Actua (Nasdaq:ACTA) company. Visit www.govdelivery.com.
CONTACT: Media contact: Kelsey Lund Kelsey.Lund@govdelivery.com 651-925-5766
