Tech News
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Zephyr Health Launches Illuminate for Life Science Companies
SAN FRANCISCO, Sept. 30, 2015 (GLOBE NEWSWIRE) -- Zephyr Health, the leading insights-as-a-service company today launched Zephyr Illuminate™, its next-generation enterprise solution for pharmaceutical, biotechnology, medical device and diagnostics companies. Zephyr Illuminate integrates global health data from thousands of disconnected sources to provide deep and actionable customer and market insights for faster, more confident decision-making across the entire product planning and launch lifecycle.
"More than 400 products will be launched in the next three years, and yet industry statistics tell us that fewer than half will achieve even half of their sales forecast. Why? Because information guiding these predictions was either wrong, incomplete or more importantly, not driven by the latest available information," said William King, founder and CEO, Zephyr Health. "Illuminate solves long-standing issues of accessing and integrating data. This new product maximizes time to market for life sciences companies and provides market metrics to instrument their business with facts at every stage of product development, launch and commercialization."
Illuminate brings together the core capabilities of Zephyr's existing applications - Voyager, Cocktail and Kaleidescope - creating a next-generation insights platform with a sleek new Web and mobile interface for business users in headquarters and in the field. Illuminate's Recommendations Engine uncovers new market and customer insights and delivers them to users via easy integration into CRM or Business Intelligence solutions. Proprietary algorithms link out-of-the-box public global healthcare data with customer and vendor data to deliver predictive analytics and actionable business insights.
"We've developed the world's first all-in-one insights engine for global health data," said Ronald Meaux, vice president of Products at Zephyr Health. "Powerful algorithms and intuitive applications make it easy for our customers to identify the best physicians and hospitals around the world for clinical research, market influence and sales potential."
Zephyr Illuminate features include:
- Data on Demand: Access continually updated public data for every major disease area directly from the Zephyr Illuminate platform to eliminate the slow and error-prone process of sourcing, importing, cleaning and linking global health data manually.
- Zephyr Scores: Easily understand the potential and performance of physicians and hospitals in specific territories, organizing insights by treatment volume, promotional engagement, market influence and clinical research.
- Zephyr Recommendations: Improve decision making with business-driven suggestions and predictive analytics driven by Illuminate's industry-leading algorithms and data sciences experts.
- Geospatial analysis: Visualize sales potential and market share insights for relevant geographies around the globe.
- Intuitive search: Quickly identify providers and institutions of interest by using organized, easy-to-understand attributes, including advanced filtering and sorting capabilities.
- Save and refine target lists: Quickly save the results of your search, adding or removing specific target customers or institutions based on field team expertise.
- Share target lists: Collaborate with field and home office teams by sharing saved lists for validation and refining.
- Integration with existing IT infrastructure: Automatically and continually integrate internal data with vendor and public data sources to obtain deep insights delivered directly into CRM applications or custom dashboards and reports.
About Zephyr Health
Founded in 2011 by William King, Zephyr Health is the leading insights-as-a-service company harnessing the power of global health data to address critical business and patient needs. From clinical trials to market strategy and sales, Zephyr Illuminate™ helps Life Sciences companies – pharmaceutical, biotech, medical device and diagnostics – make confident decisions faster across the entire product lifecycle with precise and predictive customer and market insights. Zephyr Health's customers include Fortune 100 biopharmaceutical, diagnostic and medical device companies Amgen, Genentech, Gilead, GSK, Medtronic, Onyx and Stryker.
Zephyr Health is a privately held company headquartered in San Francisco with offices in London, UK, and Pune, India. Zephyr Health is venture backed by Google Ventures, Kleiner Perkins Caufield & Byers and Icon Ventures. For more information, please visit:www.zephyrhealth.com.
CONTACT: Media Contact: Zephyr Health Global Communications pr@zephyrhealth.com
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AppFolio Announces Expanded Value+ Offerings at Third Annual Customer Conference
SANTA BARBARA, Calif., Sept. 30, 2015 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ:APPF), a leading provider of cloud-based business software solutions in the property management and legal markets, today announced the upcoming launch of Premium Leads and Owner/Vendor E-Checks, two new Value+ services built within AppFolio Property Manager (APM), its software solution for property management professionals.
These announcements came during AppFolio's third annual Customer Conference, a three-day event held at The Fess Parker Doubletree Hotel in Santa Barbara, September 28 through 30. Over 700 property management customers from around the United States attended the conference to take part in industry education seminars, networking events, and hands-on product demonstration sessions with AppFolio experts.
Attendees were excited to learn about the new Value+ service offerings, which include a premium tenant lead service referred to as Premium Leads, and an expanded payment platform service referred to as Owner/Vendor E-Checks.
Premium Leads expands on AppFolio's current property management offering by providing property managers with single-click vacancy posting to dozens of popular pay-to-list websites. Rather than competing with tens of thousands of other free vacancy postings on the Internet, property managers using the Premium Leads service can ensure their property listings will appear on exclusive paid websites, as well as at the top of the list on many free listing sites, which increases a property's visibility. As with the other Value+ services offered through AppFolio Property Manager, this service has been designed to be easy-to-use and is built seamlessly into the software solution.
"Earlier this year, AppFolio acquired RentLinx, a rental listing syndicator, with the intention of integrating the RentLinx service into the AppFolio Property Management platform. Today, we're excited to announce Premium Leads, which is the result of those efforts," says Nat Kunes, AppFolio's VP of Product. "Another benefit to customers is that, with Premium Leads, there are no contracts or commitments; customers only pay for the verified leads they actually receive."
The second Value+ service announced at the conference was Owner/Vendor E-Checks, which will allow property managers to quickly and securely pay owner or vendor bills from within APM, without the need to write paper checks or interface with the bank for NACHA file processing.
"In developing this enhanced payment platform feature, we understood that making payments to owners and vendors was a major pain point for our customers," notes Kunes. "NACHA files and paper checks are cumbersome, and our customers have asked for a better process. We're happy to soon be offering them the convenience of Owner/Vendor E-Checks, which will be a significant time-saver and eliminate the need to go through the lengthy and complex ACH set up process with their banks."
The addition of these Value+ service offerings further highlights AppFolio's commitment to listening to the needs of our customers and continuing to offer cutting-edge solutions for today's property management professional.
About AppFolio, Inc.
AppFolio provides comprehensive, easy-to-use, cloud-based business software solutions for small and medium-sized businesses in various vertical markets. Our products include cloud-based property management software (AppFolio Property Manager) and cloud-based legal practice management software (MyCase). The Company was founded in 2006 and is headquartered in Santa Barbara, CA. Learn more at www.appfolioinc.com.
CONTACT: Media Contact: Aimee Miller VP Marketing aimee.miller@appfolio.com
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Toon City Deepens Their Commitment to Toon Boom Harmony
MONTREAL, Sept. 30, 2015 (GLOBE NEWSWIRE) -- Toon Boom Animation Inc. announced today that Toon City, a Philippines-based animation studio, has signed a three-year software purchase agreement for additional Harmony Premium licenses. As part of this agreement, Toon City will work with Toon Boom Animation in pushing the boundaries of the quality of animation produced at their studio - including using the latest features of Harmony 12 such as the advanced 3D light shading, envelope deformers, node-based compositing effects, as well as producing content at both 4K and 8K resolutions.
“Toon City is synonymous with production quality and productivity, and has worked on many major projects for studios around the world,” said François Lalonde, VP of Sales at Toon Boom. “This agreement is a confirmation of their ongoing commitment and dedication to excellence in their production work.”
With the additional seat purchases, Toon City will now have greater capacity to take on more international projects in both traditional paperless and cut-out animation styles - where their customers are looking for higher production quality while getting projects realized at a competitive cost. Toon Boom Animation will also work with Toon City in developing more Harmony-trained artists in the region.
“The demand for higher quality animated content is exploding worldwide,” said Miguel del Rosario, CEO at Toon City. "We have had a long-standing and excellent relationship with Toon Boom through the years. In fact, we were one of its first clients in Southeast Asia. Toon Boom is very much a part of our success as they clearly understand our needs even more so now as creators and directors push us to the limit, demanding extraordinary quality for the animation styles they require.”
About Toon City
Toon City is a 22-year-old animation studio based in the Philippines. Starting out as an exclusive studio for Disney, it opened its doors to other major production houses in the US, Canada and Europe in 2004.Drawing from its wealth of experience, Toon City continues to deliver timely and outstanding quality feature film and TV series animation to its ever demanding clients. Toon City now belongs to an exclusive roster of studios, having been recognized with an Emmy award for its Outstanding Animated Children's Program in 2010 for Curious George.
Recognizing the need for younger talent for Philippine animation, Toon City established Toon City Academy in 2014 to offer no-frills courses on basic and cut-out animation.
About Toon Boom Animation
Toon Boom Animation Inc.’s award-winning software is the global standard for 2D animation and storyboarding. Toon Boom solutions provide everyone from enthusiasts to professionals with the artistic freedom to create in any style and efficiently publish anywhere. Some of our customers include Bento Box Entertainment, Disney Television Animation, DreamWorks Animation, Fox Television Animation, Mercury Filmworks, Nelvana and Toon City. For more information, visit: toonboom.com.Copyright © 2015 Toon Boom Animation Inc., a Corus Entertainment Inc. company. All rights reserved. Toon Boom is a registered trademark and Harmony and the Toon Boom logo are trademarks of Toon Boom Animation Inc. All other trademarks are the property of their respective owners.
CONTACT: For more information (press only):Toon Boom Animation Inc.Desideria Mastriacodmastriaco@toonboom.comMarketing and Communications Manager+1 514 490 6497
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Alarm.com Enhances Smart Solution to Protect Homes From Water Damage
VIENNA, Va., Sept. 29, 2015 (GLOBE NEWSWIRE) -- Alarm.com (Nasdaq:ALRM), the leading platform solution for the smart home, has expanded its Smart Home Security solutions with a Water solution. An intelligent combination of sensors, devices and Alarm.com cloud services will detect water leaks, alert homeowners, and proactively respond to minimize damage.
Powered by Alarm.com's cloud platform, the Water solution protects homeowners from dangers and challenges that traditional security systems cannot address. The solution is completely integrated into Alarm.com's Smart Home Security offering, which gives homeowners control of the home and awareness of important events through an intuitive smartphone app.
In the event of a leak, a connected water sensor signals the Alarm.com platform through a dedicated cellular connection that operates during power outages and avoids reliability issues with broadband connections and home networking. The homeowner is immediately alerted through text or push notifications so they can take action to limit damage. With an automated water shut off valve—a new addition to Alarm.com's ecosystem of connected devices—the home's water supply is shut off automatically, immediately stopping the spread of water whether the homeowner is on-site or not.
"Alarm.com is focused on applying Smart Home technology to real challenges, making the home safer and smarter," said Jay Kenny, SVP of marketing at Alarm.com. "In addition to intrusion detection, automation and mobile app control, Smart Home Security gives homeowners real solutions for a wide range of potential threats, including fire, carbon monoxide and costly water damage caused by leaks.
Water damage is a significant cause of damage and property loss for residential homes. According to ACE Private Risk Services, leaks account for 23 percent of homeowner property loss annually*, and they are a major factor in unexpected home repair costs. Flood damage from frozen pipes, water heaters and appliances is common, and cleanup costs can exceed $20,000* if a leak goes undetected for long enough to flood a home. Alarm.com's Water solution is designed to detect and immediately alert a homeowner so that the leak can be addressed and the damage limited. With a water shutoff valve installed, the system can respond automatically.
In addition to water detection and shutoff features, Alarm.com's whole-home security solution offers many other ways for homeowners to guard against water damage. Low temperature threshold alerts indicate when a home's heating has malfunctioned and pipes are at risk of bursting. This awareness is useful for unoccupied second homes, which, thanks to the system's dedicated cellular connection, can be monitored year-round without broadband running. In the event of a leak, smart locks can be opened remotely to give access to a local plumber or trusted neighbor, and the security system re-armed remotely after they leave.
*Source: ACE Private Risk Services, based on SNL and ISO data.
Media Inquiries: Matt Zartman mzartman@alarm.com 571-356-9158 Chris Pilbeam cpilbeam@alarm.com 301-875-8232 About Alarm.com
Alarm.com, founded in 2000, is a leading technology provider of connected home services, powering millions of residential and commercial installations. Through its connected home platform, millions of people use Alarm.com to help protect and manage the things that matter most – their homes, families, and small businesses. Alarm.com connects a wide range of supported devices across the Internet of things to provide an integrated connected home experience through an intelligent cloud-based services platform and easy to use mobile app. Alarm.com solutions are sold exclusively through a network of licensed and authorized Dealer Partners. For more information, please visit www.alarm.com.
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CSC and Cloudera Partner to Achieve PCI and HIPAA Certification on Big Data Platform as a Service (BDPaaS) Offering
PALO ALTO, Calif., and FALLS CHURCH, Va., Sept. 29, 2015 (GLOBE NEWSWIRE) -- Cloudera, the leader in enterprise analytic data management powered by Apache HadoopTM, today announced that it has partnered with CSC (NYSE: CSC), a global leader in next-generation IT services and solutions, with support from Intel, to achieve the industry's most stringent security certifications for CSC's Big Data Platform as a Service (BDPaaS) offering: PCI and HIPAA. With this achievement, BDPaaS becomes the first Hadoop-based managed service to receive PCI and HIPAA certifications.
The Payment Card Industry Data Security Standard (PCI DSS) is an industry-wide framework for protecting consumer credit card data, and its security compliance standards are generally considered the market's most stringent. Beyond payment cards, PCI-level security is essential for many industries -- including banking, retail and healthcare -- where strict requirements dictate processes for handling sensitive information such as financial data and personally identifiable information.
In achieving PCI DSS certification for its BDPaaS offering, CSC becomes the first and only global technology services firm to provide a compliance-ready Hadoop platform as a service. This means Cloudera and CSC are now able to offer a PCI-ready environment for clients looking to host sensitive data within CSC's fully managed BDPaaS offering, which speeds and simplifies development, testing and deployment of big data applications.
The Health Insurance Portability and Accountability Act (HIPAA) ensures that all healthcare-related information conforms to a high standard of data security. The nature of healthcare data is very sensitive, and requires stringent security to ensure data theft does not occur. By achieving HIPAA compliance, BDPaaS provides assurance to patients and healthcare providers that the platform is safe for their data, allowing them to focus on their core mission of healthcare.
"Cloudera was critical to our PCI/HIPAA compliant solution," said Eddie Satterly, chief technology officer for CSC's Emerging Business Group. "The unique technologies of Cloudera Navigator, Cloudera Sentry, and other security capabilities essential to the successful audit of the solution."
For its part, Cloudera is "very excited to be bringing the HIPAA/PCI-ready service offering to market," said Tim Stevens, vice president, Corporate and Business, Cloudera. "CSC has shown its leadership and deep understanding of Cloudera's technology in reaching this high security bar. This offering presents an interesting option for those customers who need HIPAA or PCI-level security but would like a managed data platform."
The PCI DSS and HIPAA-certified solutions are designed using Intel x86 technology with the Red Hat Enterprise Linux OpenStack Platform within a CSC datacenter.
CompliancePoint served as the third-party evaluator to CSC and Cloudera for PCI and HIPAA compliance, and the Duluth, Georgia-based information security service company will also be available for audit services for any customers of BDPaaS.
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About CSC
Computer Sciences Corporation (CSC) is a global leader of next generation information technology (IT) services and solutions. The Company's mission is to enable superior returns on our client's technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has approximately 70,000 employees and reported revenue of $11.7 billion for the 12 months ended July 3, 2015. For more information, visit the company's website at www.csc.com.
About Cloudera
Cloudera is revolutionizing enterprise data management by offering the first unified Platform for Big Data, an enterprise data hub built on Apache Hadoop. Cloudera offers enterprises one place to store, access, process, secure, and analyze all their data, empowering them to extend the value of existing investments while enabling fundamental new ways to derive value from their data. Cloudera's open source Big Data platform is the most widely adopted in the world, and Cloudera is the most prolific contributor to the open source Hadoop ecosystem. As the leading educator of Hadoop professionals, Cloudera has trained over 40,000 individuals worldwide. Over 1,800 partners and a seasoned professional services team help deliver greater time to value. Finally, only Cloudera provides proactive and predictive support to run an enterprise data hub with confidence. Leading organizations in every industry plus top public sector organizations globally run Cloudera in production.
Connect with Cloudera
Read our blogs: http://www.cloudera.com/blog/ and http://vision.cloudera.com/
Follow us on Twitter: http://twitter.com/cloudera
Visit us on Facebook: http://www.facebook.com/cloudera
Join the Cloudera Community: http://cloudera.com/community
Cloudera, Cloudera's Platform for Big Data, Cloudera Enterprise Data Hub Edition, Cloudera Enterprise Flex Edition, Cloudera Enterprise Basic Edition and CDH are trademarks or registered trademarks of Cloudera Inc. in the United States, and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
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CONTACT: Deborah Wiltshire Cloudera +1.650.644.3900 press@cloudera.com Anne Eisele CSC +1.703.641.2315 aeisele@csc.com
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Foresite Joins "Bit9 + Carbon Black Connect" Alliance Program as an Incident Response Partner
OVERLAND PARK, Kan., Sept. 29, 2015 (GLOBE NEWSWIRE) -- Foresite, an emerging leader of managed security services, today announced it has joined the "Bit9 + Carbon Black Connect" Alliance Program as an incident response (IR) partner.
As a "Connect" IR partner, Foresite uses Carbon Black to help its customers remediate cyberattacks and breaches. As the Foresite team identifies malicious files used to execute an attack, they use Carbon Black to pinpoint each endpoint and server on which malware has landed and reveal the entire "kill chain" of the attack, so responders can quickly see where and how the attack started. This enhanced visibility enables Foresite to rapidly contain attacks and accelerate remediation efforts.
"The Bit9 + Carbon Black partnership helps to minimize the time required to mitigate an incident, which means faster resolution to the critical data investigation process, and provides organizations continued improvement to their security posture through the remediation and 'lessons learned' processes," said Jason LeDuc, Foresite's vice president of consulting services.
"The Foresite team clearly values its customers' data," said Tom Barsi, vice president of business development for Bit9 + Carbon Black. "Now equipped with Carbon Black, this team has the ability to detect and respond to advanced attacks targeting these customers better than ever before."
About Foresite
Founded in 1997, Foresite has been the go-to provider of information security and network solutions for hundreds of companies and is now emerging as the preeminent source for managed security and compliance solutions. These unique and flexible solutions offer businesses innovative ways to address the liabilities of today's complex security and compliance requirements. Our professionals, long experienced and highly knowledgeable in IT management and security, apply their expertise to providing superior product performance and unparalleled customer service through Foresite's proprietary ProVision platform. Foresite is a Moneo Technology Solutions Company, headquartered in Overland Park, Kansas, with operations centers in Connecticut, and London.
About the "Bit9 + Carbon Black Connect" Alliance Partner Program
The "Bit9 + Carbon Black Connect" Alliance Partner Program enables security consulting and solution firms to deliver Bit9 + Carbon Black's leading endpoint threat detection, response and protection platform as a managed advanced threat protection service. With Bit9 + Carbon Black technology at the core of security offering, MSSPs and IR teams are able to offer their customers a complete advanced threat protection service that:
• Monitors every endpoint in real-time (servers, laptops, desktops) for threat indicators
• Investigates events to determine severity, accuracy and context
• Quickly escalates critical events for containment and remediationCONTACT: Jana Pinkerton Foresite 617.283.2898 Jana.Pinkerton@foresite.com
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Hundreds attend Spillman Users' Conference for software training, networking opportunities
SALT LAKE CITY, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Spillman Technologies kicked off its 2015 Users' Conference today as more than 775 attendees from 359 public safety agencies across the nation gathered in Salt Lake City. The annual conference provides Spillman customers with four days of networking and educational opportunities, hands-on workshops, and previews of the latest software innovations.
Spillman President and CEO Lance Clark opened the conference with a state of the company address, highlighting the conference theme: "Unlocking the Power of your Data." Clark also acknowledged Spillman's rapid growth and continued stability, with the addition of 236 new customers since last year's conference and 527 in the last three years. Following Clark's remarks, Spillman R &D Manager Josh Smith highlighted upcoming product releases, including an updated look and new name for Spillman's on-premises system, Spillman Flex. Smith also announced the current development of a new mobile app that will work with the Flex system. Other announced changes included enhanced functionality within Spillman's Computer-Aided Dispatch (CAD) mapping, jail management (JMS), and records management systems (RMS), and the addition of new field interview and mobile arrest forms.
Captain Richard Phillips took the stage to wrap up the Opening General Session of the conference, where he delivered a keynote address to those in attendance. The retired merchant mariner, who had been captured and held hostage by Somali pirates in 2009, spoke about his experience during the maritime hijacking and of his eventual rescue by U.S. Navy SEALs. His experiences were recounted in his autobiography, A Captain's Duty: Somali Pirates, Navy SEALs, and Dangerous Days at Sea, and dramatized in the 2013 film, Captain Phillips.
This year's conference will also feature a private evening performance by the World Classic Rockers, an ensemble group of all-star musicians from some of the greatest rock bands of all time. Members of Journey, Lynyrd Skynyrd, Boston, and more will come together to perform fan favorites like "Born to be Wild," "Sweet Home Alabama," and "Don't Stop Believing" at the Salt Palace Convention Center.
Classes at the 2015 Users' Conference will focus on specific training to fit the needs of every department at an agency. Attendees can choose from more than 100 beginner, intermediate, and advanced classes in 12 different tracks designed to help each agency maximize the investment in their Spillman systems. With a variety of user-taught best practices courses, attendees will also have the opportunity to hear directly from other customers about how they have optimized their Spillman systems. This year's conference will feature a new track of classes focused on Analytics, with presenters such as Command Solutions' Rich Hendricks, representatives from BAIR Analytics, a LexisNexis Company, as well as members of Spillman's Demo and Research & Design teams.
The annual conference will conclude with an awards banquet where Spillman will recognize customers celebrating their 10-, 15-, 20-, 25-year anniversaries with Spillman. Special recognition will be given to the four agencies celebrating 30-year anniversaries with Spillman in 2015. Additionally, the Logan Police Department of Utah earned the Spillman Customer Innovation Award in 2015 for its submission, "Logan City Communication Dispatch Trainee Daily Observation Report (DOR)."
Spillman Technologies serves sheriff's offices, police departments, communication centers, correctional facilities, and fire departments 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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RiT Technologies Reports Second Quarter and Six Month 2015 Results
-Q2 2015 Revenue Increased 172% Year-Over-Year to $4.5 Million
-Q2 2015 Gross Margin Increased to 47% Compared to 31% in Q2 2014
TEL AVIV, Israel, Sept. 29, 2015 (GLOBE NEWSWIRE) -- RiT Technologies (NASDAQ:RITT), a leading provider of Converged Infrastructure Management Solutions that enable companies to maximize utilization and security of their network infrastructure announced today its results for the second quarter and six months ended June 30, 2015.
Financial Highlights for the Second Quarter Ended June 30, 2015
- Revenue for Q2 2015 increased 172% to $4.5 million, compared to $1.7 million in Q2 2014
- Gross margin for Q2 2015 improved to 47%, compared to 31% in Q2 2014
- Net Income for Q2 2015 was $0.1 million, or $0.01 per (basic and diluted) share, compared to a net loss of $(2.6) million or $(0.20) per (basic and diluted) share in Q2 2014
- Cash and cash equivalents as of June 30, 2015 was $1.2 million
- Shareholders' equity as of June 30, 2015, increased to $5.2 million, compared to $3.9 million on December 31, 2014
Financial Highlight for the Six Month Period Ended June 30, 2015
- Revenue for the first six months of 2015 increased 115% to $7.9 million, compared to $3.7 million in the same period of 2014
- Gross margin for the first six months of 2015 improved to 46%, compared to 36% in the same period of 2014
- Net profit for the first six months of 2015 was $0.1 million, or $0.01 per (basic and diluted) share, compared to a net loss of $(4.5) million, or $(0.35) loss per (basic and diluted) share recorded in the first six months of 2014
"Throughout the first half of 2015, RiT continued to capitalize on the combined strength of our improved operational platform and product/service offering, which resulted in favorable revenue growth and increased profitability," noted Yossi Ben-Harosh President and Chief Executive Officer of RiT Technologies. "With a robust and growing pipeline of opportunities, supported by a focused business strategy and commitment to superior execution, I am confident RiT is positioned to deliver increasingly strong results during the second half of 2015 and beyond."
"In addition to my joining in July, RiT has added proven, seasoned professionals to the sales and senior management teams to further strengthen the Company's position in the market. I am encouraged by what I've seen to date and look forward to the increasing contribution of these key individuals," concluded Mr. Ben-Harosh.
To more effectively define its service offering, RiT launched a new subsidiary RiT Wireless - focusing on global market penetration of RiT's advanced Indoor Wireless Optical Networks technology, Beamcaster 2.0.
And in addition two distinct lines of business as part of its strategy to focus on new opportunities with specific technologies and deployment models that address unique challenges and application needs:
- RiT Connectivity – a line of business that includes RiT's flagship products of SCS (smart cabling systems) and IIM (intelligent infrastructure management); with a commitment to maintaining its market leadership as the premium IIM solution in the market.
- RiT Software – a line of business promoting RiT's growth engine software product Converged Infrastructure Management System, CM 3.0, a platform that provides a unified way to manage converged systems and services to improve network utilization, streamline infrastructure operations, reduce costs and enhance data security.
About RiT Technologies
RiT Technologies (NASDAQ:RITT) is a leading provider of converged IT infrastructure management and connectivity solutions that improve network utilization, streamline infrastructure operations and enhance data security reduce network operation cost and optimize future investments.
RiT offers a platform that provides a unified way to manage converged systems and services to improve network utilization, streamline infrastructure operations, reduce cost and enhance data security. RiT's platform includes connectivity solutions such as IIM, (Intelligent Infrastructure Management), converged infrastructure management software, and indoor optical wireless technology.
Deployed around the world in data centers, large corporations, government agencies, financial institutions, telecommunications, airport authorities, healthcare organizations and educational facilities. RiT's shares are traded on the NASDAQ Capital Market under the symbol RITT.
Safe Harbor Statement
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate", "forecast", "target", "could" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described under the heading "Risk Factors" in our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 20-F, which may be revised or supplemented in subsequent reports filed with the SEC. These factors include, but are not limited to, the following: our ability to raise additional financing, if required; the continued development of market trends in directions that benefit our sales; our ability to maintain and grow our revenues; our dependence upon independent distributors, representatives and strategic partners; our ability to develop new products and enhance our existing products; the availability of third-party components used in our products; the economic condition of our customers; the impact of government regulation; and the economic and political situation in Israel. Except as otherwise required by applicable law, we expressly disclaim any obligation to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.
RiT TECHNOLOGIES LTD. STATEMENTS OF OPERATIONS (U.S GAAP) (U.S dollars in thousands, except per share data) (Unaudited) Three Six Months Ended Months Ended June 30 June 30 2015 2014 2015 2014 Sales 4,549 1,674 7,936 3,690 Cost of sales 2,428 1,151 4,307 2,355 Gross profit 2,121 523 3,629 1,335 Operating expenses Research and development, net 450 786 825 1,473 Sales and marketing, net 740 1,007 1,483 2,163 General and administrative 789 1,298 1,145 2,133 Total operating expenses 1,979 3,091 3,453 5,769 Operating margin / (loss) 142 (2,568) 176 (4,434) Financing loss, net (28) (23) (44) (49) Other income (expenses), net Loss before income tax expense 114 (2,591) 132 (4,483) Taxes on income Net Profit / (Loss) 114 (2,591) 132 (4,483) Net Profit (Loss) Per Share -Basic and diluted 0.01 (0.20) 0.01 (0.35) Weighted average number of ordinary shares Outstanding- basic and diluted 15,541,306 12,763,218 15,541,306 12,763,218 RiT TECHNOLOGIES LTD. CONSOLIDATED BALANCE SHEETS (U.S GAAP) (U.S dollars in thousands, except per share data) (Unaudited) June 30,
2015 US$
thousandsDecember 31,
2014 US$
thousandsAssets Current Assets: Cash and cash equivalents 1,232 1,604 Trade receivables, net 5,951 1,680 Other current assets 431 335 Inventories 3,495 3,617 Total Current Assets 11,109 7,236 Assets held for severance benefits 893 967 Capitalized software development costs, net 193 0 Property and equipment, net 445 471 Total non-Current Assets 1,531 1,438 Total Assets 12,640 8,674 Liabilities and Shareholders' Equity Current Liabilities: Trade payables 1,755 967 Other payables and accrued liabilities 1,515 1,554 Total Current Liabilities 3,270 2,521 Principal shareholder convertible loan 3,000 1,000 Liability in respect of employees' severance benefits 1,168 1,224 Total of non-Current Liabilities 4,168 2,224 Total Liabilities 7,438 4,745 Shareholders' Equity: Share capital 3,384 3,384 Treasury stock (27) (27) Additional paid-in capital 73,380 72,239 Accumulated deficit (71,535) (71,667) Total Shareholders' Equity 5,202 3,929 Total Liabilities and Shareholders' Equity 12,640 8,674 CONTACT: Amit Mantsur CFO M: +972. 55.882.3734 amitm@rittech.com www.rittech.com
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Nexant Energy Software Forum 2015 Brings Together Demand Side Management, Energy Efficiency, Energy Retail and ISO Leaders
SAN FRANCISCO, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Nexant, a leading provider of software for utilities, today announced its 2015 Energy Software Forum is being held this week in La Jolla, California.
The software forum allows Nexant iEnergy, iHedge and RevenueManager software customers from around the world to gather and discuss best practices and share expertise. Product tracks will discuss use cases and results through interactive product sessions, case studies, and a look into the future of energy software.
About Nexant iEnergy, iHedge and RevenueManager
iEnergy® is a purpose-built, data management, analytics and customer engagement platform that fundamentally changes how utilities manage business processes and customer initiatives for energy efficiency, renewables, demand response and water conservation programs.
iHedge® is a comprehensive software platform that enables market participants to hedge congestion risks in transmission constrained electricity markets by providing competitive strategies through simulation of auctions, allocations of congestion revenue rights (CRR) and allocation of financial transmission rights (FTR).
RevenueManager® is a fully integrated, customer care, billing and contract management software platform that supports multiple commodities through the entire customer lifecycle—from prospecting, to customer acquisition, customer service and billing—in residential, commercial and industrial markets.
About Nexant
Nexant offers a comprehensive suite of best-in-class energy enterprise software platforms that transform utility business processes and enable implementation of smart grid, clean energy and demand management initiatives. Nexant software helps utilities embrace a customer-centric model that aligns strategic planning, grid operations and demand side management to improve customer engagement, boost operational efficiency, reduce risk and achieve superior business results. Learn more at www.nexant.com.
CONTACT: Heatheryn Higgins, Nexant Director of Communications +1.303.998.2474 hhiggins@nexant.com
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Imagination's Ensigma Communications IP Receives Wi-Fi CERTIFIED(TM) ac Certification and Bluetooth Smart Qualification
LONDON, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Imagination Technologies (IMG.L) announces it has received certification for Wi-Fi CERTIFIED™ ac and qualification for Bluetooth® Smart for its high-performance Ensigma Explorer radio processing unit (RPU) communications IP. Attained through Wi-Fi Alliance® and the Bluetooth SIG (Special Interest Group) respectively, these certifications instill a high level of confidence among chip makers on the quality and interoperability of Ensigma IP-based RPUs. The Wi-Fi® certification further makes Ensigma RPUs the world's first communications IP to be certified for 802.11ac.
Programmable Ensigma Explorer RPUs address the ever-growing challenge of proliferating communications and connectivity standards by supporting them all on a single architecture, and enabling them to be integrated onto SoCs for the lowest possible system cost. The high-performance Explorer family is complemented by the ultra-low power Ensigma Whisper communications IP family, which is designed specifically to enable the integration of ultra-low power communications in SoCs. All Ensigma RPUs are provided as a complete communications solution from RF to software.
Chakra Parvathaneni, Imagination's vice president of Ensigma Business Operations, says: "Our customers increasingly realize the benefits of implementing advanced communications processors on chip, rather than using a standalone solution – making Imagination's portfolio of end-to-end communications offerings particularly attractive to customers. The certification of the Ensigma Explorer RPUs will enable customers in a wide range of markets to reduce system costs and power consumption while delivering reliable advanced wireless connectivity with assured interoperability."
Wi-Fi CERTIFIED ac is the latest generation of Wi-Fi, which delivers multi-gigabyte data rates, enabling devices to handle demanding applications such as Ultra HD and 4K video, multimedia streaming and rapid file transfer on tablets, gaming devices, handsets and many other devices. In addition, Explorer RPUs have undergone a rigorous program that tests for performance, compliance with the specification, interoperability across vendors, and backward compatibility to older standards.
Bluetooth Smart consumes a fraction of the power of Classic Bluetooth radios, creating significant advantages for developers and manufacturers, while providing a better user experience for their customers. It extends the use of Bluetooth wireless technology to devices that are powered by small, coin-cell batteries such as watches and toys. Other devices such as sports and fitness, health care, keyboards and mice, beacons, wearables and entertainment devices are enhanced by this version of the technology.
Imagination's Wi-Fi CERTIFIED ac and Bluetooth Smart certifications join a growing list of existing certifications including Miracast®, Passpoint™, Wi-Fi CERTIFIED™ a/b/g/n, Wi-Fi Direct®, WPA™, WPA2™, WMM® and Wi-Fi Protected Setup™.
About Ensigma RPUs
The Ensigma range of RPUs includes the low-power Whisper family and the high-performance Explorer family, designed to address applications from ultra-low power to maximum performance, and with a common API, customers can reuse software across the platforms. Ensigma RPUs provide multi-standard support in a single architecture, designed to enable customers to bring standards such as Wi-Fi, Bluetooth Classic, Bluetooth Smart, NFC, GNSS and other existing or emerging low-power connectivity technologies onto their SoCs. By bringing this functionality on-chip, customers can minimize power consumption, silicon footprint and system cost compared with conventional solutions. Ensigma RPUs are shipping today in numerous low-power audio and connectivity devices with a growing range of designs in the pipeline.
About Imagination Technologies
Imagination is a global technology leader whose products touch the lives of billions of people across the globe. The company's broad range of silicon IP (intellectual property) includes the key processing blocks needed to create the SoCs (Systems on Chips) that power all mobile, consumer and embedded electronics. Its unique software IP, infrastructure technologies and system solutions enable its customers to get to market quickly with complete and highly differentiated SoC platforms. Imagination's licensees include many of the world's leading semiconductor manufacturers, network operators and OEMs/ODMs who are creating some of the world's most iconic products. See: www.imgtec.com.
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Imagination Technologies and the Imagination Technologies logo are trademarks of Imagination Technologies Limited and/or its affiliated group companies in the United Kingdom and/or other countries. All other logos, products, trademarks and registered trademarks are the property of their respective owners.
CONTACT: Imagination Technologies' Press Contacts: UK: David Harold david.harold@imgtec.com +44 (0)1923 260 511 USA: Jen Bernier-Santarini jen.bernier@imgtec.com +1 408-530-5178
