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News Article | March 1, 2017
Site: www.techrepublic.com

I wrote about 10 ways to reduce insider BYOD threats last week, which focused on some security tips to help IT professionals and users get the most out of BYOD deployments. There is a wealth of deeper information within what constitutes a forest representing the nuances of good security, since often there are no absolutes. Speaking of absolute, I spoke about the concepts of BYOD security with Richard Henderson, Global Security Strategist at Absolute, a software security organization, in order to get a more detailed look at the trees in the overall forest. TechRepublic: What are the biggest threats from BYOD? Richard Henderson: "It's up to the CIO/CISO to determine how risky it is to allow non-corporate devices on the network and what measures can be put in place to control that risk. While government agencies and some large enterprises dealing with sensitive, compartmentalized, or classified information have very stringent requirements, your typical office's BYOD policies can sometimes be far too relaxed. This lenient attitude can create an unprotected entrance to the corporate network via mobile devices. Outdated devices pose another serious threat for BYOD. A recent report found that 60% of mobile devices in an enterprise BYOD environment are running an outdated operating system and are vulnerable to known security flaws where patches have been made available. Requiring employees to run the latest software updates is always difficult to regulate, so companies end up taking on more risk. Of course, there are many devices, typically Android-based, where patches will never be made available due to the age of the device or the abandonment of updates from either the manufacturer or the carrier. It's incredibly difficult to ask employees to continually replace their hardware for a newer device that is currently supported. Organizations' lack of visibility is also a threat, which is further complicated by BYOD. Most companies have very little visibility of the endpoints on their corporate network, and with the explosion of IoT devices everywhere, in many cases are provided with even less long-term support than smartphones, the situation is only going to get worse.For a particularly risk-averse CISO or CSO, BYOD policies just aren't worth the risk." SEE: BYOD (Bring Your Own Device) Policy (Tech Pro Research) TR: Are there any myths or misconceptions about BYOD security? RH: "Privacy is a big area of confusion for BYOD. When employees use their personal devices for work, they expect to still be able to use their phone as they see fit, and without their employer watching. While some mobile security solutions out there prioritize user privacy, employees need to understand that they will need to relinquish a certain measure of control to their employer to ensure that the device and the data accessible through it is protected from theft and loss. BYOD isn't a right, no matter what employees may think." TR: What are your recommendations to mitigate or reduce risk? RH: "A third of cybersecurity incidents can be tied back to attacks on mobile devices, so building policies and programs that specifically address mobile devices (both company-provided and BYOD), as well as removable media, is critical to reducing risk. As a first step, IT teams must deploy a fully fleshed-out and well-planned mobile device management (MDM) or enterprise mobility management (EMM) solution. These solutions help ensure policy compliance among employees, which is very important, but insufficient on its own. In order to protect against mobile cyber-attacks, companies should adopt a mobile threat defense solution. These solutions can detect malicious threats, alert IT teams accordingly, and provide remediation action, like remote-wipe, disconnecting from WiFi, etc. Some more recent developments around machine learning-based appear to have success detecting unknown or never-before seen threats. Beyond that, companies must get buy-in from employees. Hosting regular training sessions that teach employees about the importance of mobile security is key. The sessions should cover why software updates are so important to company security, why public WiFi networks should be avoided, how to identify a phishing attack, and exactly what to do if they suspect something is wrong. Circling back to the initial point on snooping by the enterprise, I think it is one of the most critical pieces of building a successful strategy to communicate clearly to employees that the technology being placed on employee-owned devices is only there to protect corporate data and network assets, and will never be used for snooping or monitoring personal activity... unless an incident has occurred and further investigation is warranted." TR: Are there any problematic apps (or types of apps) which represent more of a BYOD risk than others? RH: "Certainly. Cloud storage apps can lead to issues if allowed to be installed willy nilly, especially with those employees who are entrusted with the most critical of corporate data (HR information, financial data, intellectual property). On top of that, Android users often need to be cognizant of the fact that there are many "free" apps out there that ask for significant permissions... and some of those apps in the past have been shown to collect much more data than they should. It may be essential for security staff to whitelist a subset of approved applications for their most privileged or critical employees." TR: Can you comment on the cost savings involved with BYOD compared to any costs involved with additional security requirements/staff/controls? In other words, is BYOD still cost-effective? RH: "I'm not sure BYOD has ever been as cost effective as it was initially sold to enterprises, and as you suggest, it may be a wash at best. But we have to look beyond the simple bottom line when it comes to BYOD: many companies use BYOD policies as one of many carrots on a stick to attract and retain good talent. If a top recruit wants to use a MacBook instead of a Thinkpad, then at the end of the day the costs are minimal. Add to that the fact that BYOD allows employees to use technologies they are already intimately familiar with, leading to greater job satisfaction and potentially increased productivity, and it becomes difficult to justify an iron-clad, strict device policy." SEE: Report: Your business is wasting money on BYOD reimbursements TR: My wife and I were in NYC recently and she lost her iPhone in Manhattan. We used 'find my iPhone' and it triangulated the iPhone to a specific intersection, but we never could find the phone. I feel since 'find my iPhone' has a degree of plus or minus a few feet in terms of locational accuracy that it may have been picked up and taken inside an apartment building at that intersection. Is there anything you could recommend for a situation like that? RH: "Really, there's not much more you could have done to hopefully retrieve the lost device, other than placing it in lost mode and hoping that someone finds it and returns it to you or the local police (or Apple Store!). Beyond that, my advice to people who ask similar questions is simple - be pragmatic and accept that we live in an era now where phones, tablets, and laptops, while certainly pricey, are reasonably inexpensive enough to replace if the worst happens. With that in mind, it's absolutely critical that you avail yourself of all the tools device manufacturers make available for your protection: remote wiping/locking, full-disk encryption of the device, complex alphanumeric passcodes instead of simple 4 digit PINs, etc. Just ask yourself a simple question: if someone snatched my phone out of my hands and took off with it, would I feel secure that the meaty, juicy data inside the device was free from prying eyes? If the answer is no, then you have to do a little more to change that no to a yes." TR: How does the BYOD landscape look going forward - any new threats, developments, solutions on the horizon? RH: "2016 was the worst year yet for data breaches and leaks, and with the massive explosion of data being created, collected, processed, and shared, I expect 2017 to eclipse 2016. Threats around BYOD will likely play a big role. There are literally millions of devices out there that will never see another security patch again, and those same devices are not going to be replaced anytime soon. When you add to this the mire of IoT, where even the vending machines in the corporate cafeteria are now being subverted and used in attacks, it's obvious to me that the surface area for attackers to exploit has never been larger. I've been talking about the inherent threats surrounding connected devices for quite some time, and 2016 proved that the new world of machine-to-machine attacks are here to stay. Millions of connected devices have been subverted and used to launch DDoS attacks on scales that weren't even conceived of in the past. Major sites are knocked off the internet in a blink, causing e-commerce grinds to come to a halt. Millions of dollars are lost in revenue, clean-up and additional defenses. What's an organization to do when devices inside their networks are exploited and used in attacks elsewhere? It's likely that conservative and risk-averse corporations will declare BYOD off-limits for their teams. But that will mean security teams will need to watch very carefully for rogue or difficult employees will attempt to find ways around security controls in order to get access to Inter- and Intranet resources. It may be a good solution for security teams to work with their network team colleagues and build out dedicated, fully-segmented network blocks with their own security infrastructure to provide the most basic of access to employee-owned devices." Also see: Free ebook: Executive's guide to mobile security Video: Top 5 things to know about BYOD Report: Your business is wasting money on BYOD reimbursements Infographic: BYOD is popular, but not widely supported by IT


News Article | February 17, 2017
Site: globenewswire.com

In Q4, our sales performance improved, producing an increased order backlog for the beginning of 2017. We saw continued growth in our focus areas, e.g. Self Service Analytics, Business Intelligence as a Managed Service and select Industries. However, our business also continued to decrease in select traditional areas such as new implementations of structured data warehouses. Our revenue and operating profit decreased, driven by transformation in Finland and Baltics segment portfolios. In Q4, we also established capabilities in growing market areas. BIGDATAPUMP (www.bigdatapump.com) acquisition will serve as the basis for a cross-Nordic cloud analytics growth unit for Affecto. Weave (www.weave.fi) represents a similar action. Weave was launched in Q4 by spinning off a service design and custom development team into a separate unit. At the same time, we completed the sale of our Estonian subsidiary, addressing particular challenges within the Estonian customer market. Our full year 2016 order intake was at the same level as in 2015, with the order intake of Sweden increasing significantly while being offset by those of Norway and the Baltics. Our full year 2016 revenue and operating profit declined compared to 2015 This is a result attributable to the Baltics, Finland and to incremental evolution-spending in all our offices. By contrast, Sweden and Denmark had a strong year, growing both revenue and operating profit. During 2016, we moved significantly forward with our business portfolio, people, capabilities and co-operation. We grew a new business platform out of, among other areas, self-service analytics and analytics-as-a-service to offset the decrease in demand in select traditional areas. 200 new Affectones joined our teams to be part of the Affecto family of talent. At the same time, we boosted skill-building and collaboration within our network. We are now locally industry-organized and stronger in technology skills. During the year we also signed essential new Analytics as a Service contracts which further contribute to our recurring revenue base which is now estimated to be approximately 45% of our revenue. We will organize a Capital Markets Day on the 29th of September, 2017. Affecto expects its FY’17 revenue to be at the same level or above the previous year, and its FY’17 operating profit to be at the same level or below the previous year. The Company is going through a transformation period. In 2016, Affecto divested its Estonian business and acquired a Finnish cloud analytics company BIGDATAPUMP. The divested Estonian business had a revenue of EUR 4.5 million and EUR 0.4 million operating profit in 2016 in addition to the EUR 0.3 million gain from the divestment. BIGDATAPUMP will be its own reportable segment in 2017 and the earn out element of the acquisition will be treated as an IFRS3 cost that will affect the Company’s operating profit. The Company will arrange a briefing for analysts and media 17 February 2017 at 15:00 at the Company’s Espoo premises, Keilaranta 17 C, FI-02150 Espoo. This release is based on audited figures. In 10-12/2016, Affecto’s order intake increased by 8% and was 46.1 MEUR (42.6 MEUR). Order intake increased significantly in Sweden and Baltics and increased in Denmark. The order intake decreased slightly for Norway and decreased in Finland. In 1-12/2016, Affecto’s order intake was at the same level as in the prior year and was 117.3 MEUR (117.1 MEUR). Order intake increased significantly in Sweden and slightly increased in Denmark. The order intake in Finland remained on the same level as last year. Order intake decreased slightly in Baltic and decreased in Norway. The order backlog increased significantly by 9% and was 55.0 MEUR (50.7 MEUR) at the end of the reporting period. Order backlog increased significantly in Sweden and Baltic and increased in Norway. Order backlog decreased in Finland and decreased significantly in Denmark. In 10-12/2016, Affecto’s revenue decreased by 1% to 31.1 MEUR (31.3 MEUR). Revenue increased significantly in Sweden and Denmark and increased in Norway. Revenue decreased significantly in Baltic and Finland. In 1-12/2016, Affecto’s revenue decreased by 3% to 112.5 MEUR (116.0 MEUR). Revenue increased significantly in Denmark and increased in Norway and Sweden. Revenue decreased in Finland and decreased significantly in Baltic. In 10-12/2016, Affecto's operating profit decreased to 9.1% and was 2.8 MEUR (3.2 MEUR). The profitability increased in Denmark and increased slightly in Sweden. Norway remained on the same level as last year while Finland profitability decreased and Baltic profitability decreased significantly. Net profit for the period was 2.4 MEUR while it was 2.6 MEUR last year. Affecto also completed the sale of its Estonian subsidiary in Q4 for 1.8 MEUR, with a positive impact to Cash Flow of 1.0 MEUR. The sale positively affected the operating profit by 0.3 MEUR in the Other segment In 1-12/2016, Affecto's operating profit decreased to 5.9% and was 6.7 MEUR (7.5 MEUR). The profitability increased significantly in Denmark and increased in Sweden. The profitability decreased slightly in Finland and Norway and decreased significantly in Baltic. Net profit for the period was 4.7 MEUR while it was 5.9 MEUR last year. The Company had two non-recurring items that impacted the profitability negatively by approximately 1.9 MEUR in total during FY2015: A restructuring provision of approximately 0.9 MEUR was booked in Finland and a non-recurring item of 1.0 MEUR related to the fraud incident impacted the Other segment. Finally, profitability was also impacted by first phase evolution activities carried out during 2016. These activities have represented essential incremental investments into Affecto’s people, building improved collaboration in our PowerGrid, and building capabilities for competitiveness in the transforming market place. Taxes corresponding to the profit have been entered as tax expense. The group's business is managed through five reportable segments: Finland, Norway, Sweden, Denmark and Baltic. In 10-12/2016, the Finnish market displayed continued demand for services in the area of Traditional IT & Analytics market, especially in the areas of managed services and custom software development. Affecto also observed a positive development of demand for Business Technology & Analytics. Affecto continued transitioning towards Business Technology & Analytics market, renewing its portfolio. In 10-12/2016, order intake decreased from last year. The total order backlog decreased from last year. Revenue decreased significantly by 6% to 13.4 MEUR (14.3 MEUR). Operational segment result was 1.4 MEUR (1.9 MEUR) or 11 % (13 %) of revenue. Order intake performance was driven by the Company’s transitioning into larger and more complex deals which drives the performance of individual quarters more than before as well as by customers postponing major deals into 2017. On the other hand, existing long-term customers contributed a number of significant deals. The Q4 ’16 y-o-y order intake performance was also impacted by the signing of the Yle Areena contract and the stock clearance of nautical charts in Q4 ’15. In 10-12/2016, revenue and operating profit performance was impacted by decline in the traditional areas of the business which was partially offset by increases across new business areas. Affecto estimates a 30% y-o-y run rate growth within the growing areas of the portfolio and a 35% y-o-y run rate reduction within the declining areas. Professional Services revenue also slightly increased. The stock clearance of nautical charts in 2015 equally impacted revenue and profitability as order intake. The Company also continued ramping up a significant new Managed Service for a Nordic telecom operator with a temporary lower profitability related to first phases of the service period, continued until the end of December. Compared with the prior year, profitability was also impacted by a reversal of restructuring costs in 2015. Finland progressed in renewing its portfolio through transitioning into new demand areas and continued its decided investments into its people and capabilities to drive improvements in business performance. This was further contributed by steering the leadership practices, driving the new, more customer industry focused go-to-market model for improved sales and by a liquid and transparent internal job market for improved consultant utilization. The launch of Weave and the acquisition of BIGDATAPUMP are also seen as contributing to growth going forward. In 10-12/2016, revenue of Karttakeskus geographical information system (“GIS”) business, reported as part of Finland, decreased by 18% to 2.8 MEUR (3.5 MEUR). Karttakeskus lost large contracts in 2015 which continued to negatively affect the revenue.  Affecto expects the effect of the lost deals to have ceased at the end of 2016. Business development actions for strengthening the Company’s capabilities in digital content and services to complement the traditional cartographic offerings were continued. In 1-12/2016, the Finnish market displayed a continued demand for solutions with respect to the Traditional IT & Analytics market, especially in the areas of managed services and custom software development. Development and piloting demand in the Business Technology & Analytics market progressed positively. In 1-12/2016, order intake remained on the same level as last year. Revenue decreased to 48.1 MEUR (49.5 MEUR). Operational segment result was 2.6 MEUR (3.5 MEUR) or 5% (7%) of revenue. In 1-12/2016, the decline in order intake of Karttakeskus geographical information system (“GIS”) business was offset by an increase in order intake in the area of Business Technology and Analytics market which resulted the order intake to be on the same level as the year before. The decline in order backlog is mainly attributable to an essential multi-year contract secured in 2015 for the geographical information systems business, delivered during years 2016-2018. Revenue decrease was mainly driven by two large lost contracts during 2015 in the geographical information system business area. During the year, the Company also experienced a decrease in the traditional areas of the business which was partially offset by increases across new business areas.  Professional Services revenue remained on the same level as previous year. Operational segment result was impacted especially in Q1-3 by Finland transitioning with larger contracts and into new demand areas and recruitment and onboarding of new technology-business hybrid roles. In 1-12/2016, revenue of Karttakeskus geographical information system (“GIS”) business, reported as part of Finland, decreased by 14% to 10.5 MEUR (12.2 MEUR). In 10-12/2016, Affecto continued to experience a shift in demand towards Managed Services and modernization of Information Management platforms within the Traditional IT & Analytics market, and a continuous interest in Self-Service Analytics from the Business Technology & Analytics market. Noticeable in the quarter was an increase of interest in solutions for handling big data and analytics. In 10-12/2016, order intake decreased slightly and order backlog increased compared to last year’s level. Revenue increased to 5.7 MEUR (5.5 MEUR). Operational segment result was 0.3 MEUR (0.3 MEUR) or 5% (5%) of revenue. The reduced order intake was caused mainly by customers postponing purchasing decisions on software within the quarter, and some key customers committing to shorter contract periods for professional services work than before. Important new managed services deal was won at Norwegian Telecommunications company Telenor, building a stable base of multi-year managed service. Longer term managed services contracts at important customers and an increase in recurring software contracts ensured a positive order backlog development despite a slight decline in order intake.  Increased revenue from recurring software contracts was the main driver for revenue growth in the quarter. Profitability was low as consultant utilization continued to be challenged by the transformation of the Company’s delivery capabilities to meet changing market requirements and more complex delivery models. Affecto continued to build its capabilities to sell and deliver solutions within Managed Services, Customer and Product Master Data Management (MDM) as well as big data and unstructured information. The go to market model was changed at the end of the period to strengthen focus on developing the customer segments Business to Consumer (B2C), Financial Services and Public to Citizen. In 1-12/2016, the Norwegian economy was marked by uncertainty. In the Traditional IT & Analytics market, Affecto continued to experience a shift in demand towards improving the performance of existing solutions, combined with a willingness to explore managed services and nearshoring opportunities. In the Business Technology & Analytics market, buyers continued to be interested in Self-Service Analytics in order to increase their organizations’ broader use of data and analytics. Managed services and digitalization initiatives continued to increase potential deal sizes. In 1-12/2016, the order intake decreased. Revenue increased by 4% to 21.8 MEUR (21.1 MEUR). Operational segment result decreased slightly to 1.3 MEUR (1.5 MEUR) or 6% (7%) of revenue. Year-over-year order intake comparison is influenced negatively by large multi-year managed services deal won in Q2 2015. Order backlog is up due to increasing recurring software revenue, new and existing managed services contracts. Revenue increased based on a shift from traditional license sales to recurring models, particularly connected to Self-Service Analytics and other modern software solutions. Profitability was low as consultant utilization continued to be challenged by the transformation of the Company’s delivery capabilities to meet changing market requirements and more complex delivery models through the year. In 10-12/2016, activity level continued to be high in both the Traditional IT & Analytics market, as well as the developing Business Technology & Analytics market. Activity level on existing managed services customers increased to an all-time high level. In the Business Technology & Analytics market the interest in Digital Workplace solutions and Self-Service Analytics continued to develop favorably. In 10-12/2016, order intake and order backlog increased significantly. Revenue increased significantly by 16% and was 5.6 MEUR (4.8 MEUR). Operational segment result was 0.7 MEUR (0.5 MEUR) or 13% (11%) of revenue. Order intake increased due to strong development of customer engagements within Financial Services segment and Digital Workplace solutions within the Business Technology & Analytics market. Also year-end license sales helped increase order intake, while order backlog was also helped by longer term managed services contracts. Revenue growth was driven by all-time high revenue from managed services customers, and a general high utilization of consultants including increased usage of near-shoring. Software sales increased with extensions of traditional solutions at existing customers as well as introducing Self-Service Analytics to new customers. High consultant utilization and growing software revenue ensured good profitability. The Company strengthened its efforts to recruit consultants to meet market demand, and managed to increase the number of consultants. Use of near-shoring of resources from the rest of the Affecto network grew during the quarter. The close co-operation between the offices in Malmö, Copenhagen and Århus is ongoing with positive results as the Company now has more scalable operation in the region, and the possibility to deliver a broader set of competencies to local customers. Charlotte Darth was appointed as the Managing Director of Affecto Sweden and a member of the Affecto Leadership Team, starting 9 January 2017. In 1-12/2016, the activity in the Swedish economy was high, and the demand for Affecto’s skills and solutions within both the Traditional IT and Analytics and Business Technology and Analytics market likewise. The high demand led to strong competition for talent, but the Company was able to attract new talent and grow its number of local consultants during the year, in addition to increasing usage of near-shoring and resources from the rest of Affecto’s network. In 1-12/2016, order intake increased significantly. Revenue increased by 5% and was 19.1 MEUR (18.2 MEUR). Operational segment result increased to 1.7 MEUR (0.7 MEUR) or 9% (4%) of revenue. Order intake increased significantly due to new and existing managed services contracts being won and extended. Also, important new contracts were signed expanding the Company’s customer base for Digital Workplace solutions, adding new healthcare customers, and new contracts opening Self-Service Analytics and big data opportunities. The Company’s Malmö office have been working in close cooperation with the Company’s offices in Copenhagen and Århus to open up new customers within both Financial Sector and Industrial, bringing in new capabilities in areas such as anti-money laundering and Internet of Things.  Revenue increased from high utilization of consultants, while software sales were down as the Company is transforming to meet the changing software market demand in Sweden. The growing revenue from high consultant utilization throughout the year ensured a positive development of profitability. In 10-12/2016, while the Company continued to focus on customers in the Financial Services and Industrial & Energy sectors, new contracts were won also within Public Sector through self-service analytics. Within the area of Business Technology & Analytics market, self-service concepts were extended into the CFO Services concept through new solutions for cloud based performance management and planning. In 10-12/2016, order intake increased and order backlog decreased significantly from last year. Revenue increased significantly by 17% and was 3.7 MEUR (3.2 MEUR). Operational segment result increased to 0.6 MEUR (0.3 MEUR) or 16% (10%) of revenue. Order intake increased while order backlog decreased as growing sales of software, including self-service analytics, increased order intake but not order backlog. Several new contracts were won as pilots in emerging areas where the initial contract value is relatively low with limited effect on order backlog. Revenue increased significantly due to high consultant utilization and growing software sales. Focus on customers within Financial Services and Industrial segments have increased the Company’s ability to meet Industry specific demands and grow at key customers. Working with innovation and co-creation of new opportunities at new and existing customers are adding to the growth. High utilization of resources combined with software sales ensured improved profitability. Account management practices continues to drive growth at Financial Services accounts, while Affecto’s Innolab concept (http://www.affecto.com/innolab/) have created a good pipeline and the first pilot cases for Internet of Things related big data and analytics cases within the Industrial segment. The Company has strengthened its focus and account management practices towards the Financial Services and Industrial customer segments. This has increased the ability to understand and target customer segment specific demands, and bringing in advanced analytics and big data. Continued close cooperation with the Company’s office in Malmö have boosted capabilities to meet customer demands in the region, and contributed to the positive development. In 1-12/2016, the Company’s industry oriented focus and improved account management practices has created positive development within the selected Industries where key customers have grown and the Company’s capabilities have been better tailored to meet the changing demands and growth opportunities within both the Traditional IT and Analytics and the Business Technology and Analytics markets. In 1-12/2016, order intake increased slightly and order backlog decreased significantly. Revenue increased significantly by 15% and was 13.0 MEUR (11.3 MEUR). Operational segment result increased significantly to 1.3 MEUR (0.4 MEUR) or 10% (3%) of revenue. Order intake increased slightly from a combination of increased orders from key customers, growth in software orders and orders of smaller pilots within emerging areas. Self-Service Analytics contributed to the positive development of software orders. The high activity level at key customers contributed to growing revenue from professional services and growth in software revenue, also ensuring improved profitability. In 10-12/2016, in the Lithuanian market, the Company saw continued interest by energy companies to invest into the area of Traditional IT & Analytics while the public sector continued to invest modestly into new IT solutions. In Estonia the public sector investments have been modest causing increased price competition. The Company sold its Estonian subsidiary in December to the subsidiary’s acting members of staff. Across the segment, the private sector was mainly interested in investing into Traditional IT & Analytics, renewal projects and solutions while the impact for Affecto is minor in 2016. The Company also saw that the decisiveness within insurance customers for systems upgrades remained low. On the other hand, the Company saw growing interest for renewal of insurance core systems. The demand for nearshore is increasing as Nordic companies are increasingly investing into managed services. In 10-12/2016, the Baltic (Lithuania, Latvia, Estonia, Poland and South Africa) order intake increased significantly and order backlog has increased significantly from last year’s level. Revenue decreased significantly by 8% and was 4.3 MEUR (4.7 MEUR). Operational segment result was 0.1 MEUR (0.7 MEUR) or 3% (15%) of revenue. Order intake performance improved significantly as compared to the previous quarters and compared with Q4 2015. Consequently, also order backlog is on the highest level of the year and almost on the same level as year before. The Company signed a multi-year agreement for implementation of Enterprise Asset Management solution for Lithuanian gas transmission system operator AB AmberGrid. The value of the agreement is approximately 1.1 MEUR. The Company signed an agreement with Codan Norway for implementing a core insurance system. The value of the agreement is approximately 2.2 MEUR. The revenue decline was due to modest investments into IT solutions and services by the public sector customers in Estonia and Lithuania during the previous quarters and insurance customers postponing their investments into systems upgrades. The same drivers impacted profitability. The Company continued to focus on local business development in Baltic, on nearshoring boost for all Affecto countries and on strong co-operation with its partners within the insurance sector. In 1-12/2016, the Company invested into meeting new demand areas such as asset management solutions in Lithuania, as the Lithuanian public sector continued to invested modestly into new IT solutions. In Estonia the public sector investments have been modest causing increased price competition. Across the segment, the private sector was mainly interested in investing into Traditional IT & Analytics, renewal projects and solutions while the impact for Affecto was minor in 2016. The Company also saw that the decisiveness within insurance customers for systems upgrades remained low. On the other hand, the Company saw towards the end of the year a growing interest for renewal of insurance core systems. The demand for nearshoring is increasing as Nordic companies are increasingly investing into managed services. In 1-12/2016, the Baltic order intake decreased slightly. Revenue decreased significantly by 18% and was 16.6 MEUR (20.1 MEUR). Operational segment result was 1.2 MEUR (3.9 MEUR) or 7% (20%) of revenue. Order intake was on a lower level during the first nine months of the year compared with the previous year. In the last quarter the order intake was significantly better than the during the previous quarters resulting into an order backlog that is almost on the same level as the year before. The Company signed during the year two multi-year agreements for implementation of Enterprise Asset Management solution (Ab LitGrid and AB AmberGrid) and one major agreement for implementation of insurance core system (Codan Norway). The revenue decline was due to modest investments into IT solutions and services by the public sector customers in Estonia and Lithuania during the previous quarters and insurance customers postponing their investments into systems upgrades. The revenue development y-o-y was also unfavorably impacted by the successful completion of key insurance sector projects in 2015. The same drivers impacted profitability. The Company continued to focus on local business development in Baltic, especially towards telecommunications, retail and industrial customers, on nearshoring boost for all Affecto countries, and on strong co-operation with its partners within the insurance sector. Affecto has traditionally operated with a holding company model that consists of independent and heterogeneous business segments. As the Company’s market has shifted, Affecto has responded by defining its Strategic Direction and Choices in February 2015 and in May 2016, as part of its Capital Markets Day (“CMD”). The Company’s presented direction forms an evolution glide path happening in three phases. In the second half of 2016 the first phase of evolution was finalized. Within this phase the Company’s focus was: customer value creation and evolving Affecto’s core capabilities, activating collaboration and leadership, introducing and executing B2C & Industrial growth initiatives and updating Affecto’s brand. In 10-12/2016, the most significant evolution activities across Affecto’s offices were the following: The above reported Q4 activities are in addition to the activities which have been reported as part of the Company’s Half Year and Q3 ‘16 Interim Reports. During Q2 and Q3 key focus has been on investments to the Company’s people and leadership, boosting collaboration and capabilities within the Affecto PowerGrid and continuing to win new contracts within the focus areas of the Company, e.g. in Self Service Analytics and Business Intelligence as a Managed Service. During Q1 2017 Affecto will launch the second phase of its evolution. Within this phase Affecto will: Boost cooperation in its PowerGrid and unite its purposes together with its people and customers, continue to develop its approach and leadership towards the transforming market, step up and scale its growth initiatives with customers, and Begin the implementation of new IT platforms to integrate its operating model. With the Industry growth topics, Affecto sees a growing market to connect physical world with the digital world in real-time, enabling data driven business models for the customer companies. The Company aligned most of its offices by selected focus industries and focus clients resulting larger deal sizes in focus expertise areas. With industry growth programs (B2C and Industrial) The Company worked with customers such as Empower Group’s Industry division, City of Tampere Electricity Utility (TKS), Grundfos, Expert ASA and Nokian Tyres with Vianor and Futurice.  The total revenue from the industry growth programs in 2016 has been relatively low because of the piloting approach, still growing towards the end of the year. In October Affecto launched Weave BCE, its independent and agile business unit to capture the fast growing market of service design and modern software development. During the first quarter of its existence Weave managed to establish its independent, yet Affecto connected business and increased its headcount by 20%. In December Affecto formed a joint cloud analytics business by acquiring BIGDATAPUMP to seize the fast growing Microsoft Cloud Analytics market and ecosystem across the Nordics. During the year Affecto formed cross-office expertise teams resulting in many key wins in areas like Managed Services and Self-Service Analytics. Through the continuous focus with growth programs and its evolution Affecto has been able to balance the accelerated revenue decline of more traditional expertise areas. At the end of the reporting period Affecto's balance sheet totaled 117.5 MEUR (12/2015: 118.3 MEUR). Equity ratio was 59.6% (12/2015: 58.5%) and net gearing was -6.7% (12/2015: -6.2%). The financial loans were 16.5 MEUR (12/2015: 18.5 MEUR) at the end of reporting period. The Company's cash and liquid assets were 20.8 MEUR (12/2015: 22.4 MEUR). The interest-bearing net debt was -4.3 MEUR (12/2015: -3.9 MEUR). On 17 June 2016, Affecto announced that it has entered into a new 18.5 MEUR term loan agreement. The new loan replaced the previous loan of 18.5 MEUR that expired in the end of June 2016. Affecto will repay the loan in semi-annual instalments of 2.0 MEUR starting in December 2016. In 10-12/2016, the cash flow from operating activities was 7.5 MEUR (9.7 MEUR) and cash flow from investing activities was 0.5 MEUR (-0.1 MEUR). Investments in tangible and intangible assets were -0.6 MEUR (-0.1 MEUR). The weakened cash flow from operating activities was driven by a negative change in working capital in Norway. In 1-12/2016, the cash flow from operating activities was 3.6 MEUR (9.3 MEUR) and cash flow from investing activities was 0.0 MEUR (-0.6 MEUR). Investments in tangible and intangible assets were -1.0 MEUR (-0.6 MEUR). The weakened cash flow from operating activities was driven by the negative change in working capital in Norway and Sweden and lower profitability for the period. On 8 December 2016, the Company announced that it has agreed to sell its subsidiary business in Estonia (Affecto Estonia OÜ) to the subsidiary’s acting members of staff. The transaction was a mutually beneficial decision and is in line with Affecto’ s strategic direction. The selling price was 1.8 MEUR. The transaction positively affected cash flow by 1.0 MEUR and operating profit by 0.3 MEUR in 2016. The Company announced on 21 December 2016 that it has finalized the transaction. Affecto continues to partner with the entity in Estonia which enables joint local delivery solutions to continue for Affecto’s international customers. On 20 December 2016, the Company announced that it has agreed to purchase BIGDATAPUMP, a privately held cloud analytics company based in Finland. The purchase price consists of a 3.5 MEUR cash payment upon closing of the transaction and an earn-out element worth a maximum of 3.0 MEUR. The earn-out element is also paid in cash, subject to the achievement of defined financial targets in 3 years, at the latest in 5 years. This overall purchase price is on a net debt free basis. The transaction will result in the establishment of a joint business with a suite of cloud data analytics offerings with managed service capabilities, including nearshore delivery, as well as service design capabilities. The business will drive a plan of expansion across Finland & Scandinavia in 2017. This acquisition represents the joining of Affecto’s existing Northern European office network with BIGDATAPUMP’s growing international business footprint. BIGDATAPUMP will retain its brand and focus, while its personnel, customers, and partners will belong to newly formed BIGDATAPUMP under the Affecto Group. Revenue of BIGDATAPUMP was 1.8 MEUR in 2015 and 3.4 MEUR in 2016. BIGDATAPUMP will be its own reportable segment on a going forward basis. The number of employees was 930 (985) persons at the end of the reporting period. 428 (398) employees were based in Finland, 92 (102) in Norway, 108 (106) in Sweden, 70 (64) in Denmark and 232 (315) in the Baltic countries. The average number of employees during the period was 987 (1010). The decrease in employees in Affecto and the Baltic segment between 2016 and 2015 was due to the sale of its subsidiary business in Estonia in December 2016. The comparable numbers that take into account the sale of the Estonian subsidiary was 930 (910) for the Affecto level and 232 (240) for the Baltic segment. Affecto’s corporate governance practices comply with Finnish laws and regulations, Affecto’s Articles of Association, the rules of NASDAQ Helsinki and the Finnish Corporate Governance Code issued by the Securities Market Association of Finland in 2015. The code is publicly available at http://cgfinland.fi/en/. Affecto has published its corporate governance statement for 2015 in the Financial Statements 2015 and on the Company website www.affecto.com. Annual General Meeting of Affecto Plc (“AGM”) was held on 8 April 2016. The AGM adopted the financial statements and discharged the members of the Board of Directors and the CEO from liability for the financial year 2015. The meeting approved the Board of Directors’ proposal to pay a dividend of EUR 0.16 per share and the dividend was paid on 19 April 2016. Aaro Cantell, Magdalena Persson, Jukka Ruuska, Olof Sand, Tuija Soanjärvi and Lars Wahlström were re-elected to the Board. The Board of Directors elected from among its members Aaro Cantell as its Chairman and Olof Sand as Vice-Chairman and the following members to the Committees: The AGM approved all proposals made by the Board as described in the invitation published on 11 March 2016. The resolutions of the AGM were published as a stock exchange release on 8 April 2016 and can be found on the Company’s website www.affecto.com. Additionally, the AGM established the Shareholders’ Nomination Board that consists of the representatives of the three largest shareholders of Affecto at 31 October 2016 and the Chairman of the Board of Directors if he is not appointed as a representative of a shareholder. On 16 November 2016, the Company announced that Cantell Oy, Säästöpankki Kotimaa Fund and Ilmarinen have appointed Aaro Cantell, Chairman of Affecto's Board of Directors, Petteri Vaarnanen, Head of Asset Management in SP-Rahastoyhtiö and Mikko Mursula, CIO of Ilmarinen, as members of the Nomination Board. Lombard International Assurance S.A. did not use its right to appoint a member. The Company has one share series and all shares have similar rights. At the end of the review period Affecto Plc's share capital consisted of 22 450 745 shares and the Company owned 821 974 treasury shares, approximately 3.7% of the total amount of the shares. Additional information with respect to the shares, shareholding and trading can be found on the Company’s website www.affecto.com. The markets where Affecto operates are going through change. Historically, Affecto has concentrated on the traditional IT market solutions for a broad customer space and mainly on moderate deal sizes and shapes. Affecto’s demand is growing within larger and more complex deal sizes and shapes as well as within the emerging business technology & analytics market. There is a risk as well as an opportunity with respect to the speed of which Affecto is able to develop and build capability in the new emerging areas in proportion to the traditional areas. Affecto’s success depends also on good customer relationships. Affecto has a diverse customer base. In 2016, the largest customer generated approximately 3% and the 10 largest customers together approximately 20% of Affecto’s revenue. Although none of the customers is critically large for the whole group, there are large customers in various countries that are significant for local business in the relevant country. On the other hand, the diverse customer base may decrease the effectiveness of the sales & delivery efforts and overall agility of the Company. Affecto also needs to be seen as an interesting employer in order to recruit and retain skilled employees. It is important for Affecto to be seen as an employer our employees can be proud of. High people churn may create inefficiencies in the business and temporarily decrease the utilization rate. Affecto executed its first acquisition since 2007 at the end of 2016. The Company recognizes the risk with regards to its ability to complete an effective post-merger integration to achieve the anticipated benefits while maintaining the continuity of the growth track of the acquired company. The changes in the general economic conditions and the operating environment of customers have direct impact on Affecto’s markets. Recently, the US elections and the Brexit have increased global uncertainty. If the macroeconomic environment remains weak, some countries may introduce new regulations. The uncertain economic outlook may affect Affecto’s customers negatively. Slower IT investment decision making and uncertainty on new investments with respect to new business technology solutions may have negative impact on Affecto, especially in the public sector. Affecto’s order backlog has traditionally been only a few months long. Slower decision making of the customers decreases the predictability of the business and may decrease the utilization rate. Specifically, the insurance sector has been impacted by slower than expected investments, mainly due to product cycle related issues, which may continue to have an effect on the Company in Baltic.  While the Company sees revitalizing demand for traditional IT system investments in Lithuania especially in energy sector, the Lithuanian public sector investments into IT remains modest which may have an effect on the Company’s business. Affecto sells third party software licenses and maintenance as part of its solutions. Typically, the license sales have the highest impact on the last month of each quarter and especially in the fourth quarter. This increases the fluctuation in revenue between quarters and increases the difficulty of accurately forecasting the quarters. Additionally, the increase of cloud services and other similar market trends may affect the license revenue negatively. Affecto had license revenue of approximately 7 MEUR in 2016. The Company recognizes that the risks of frauds and cyber security threats have increased. The Company aims to mitigate the increased risks with internal controls, IT-security, training, awareness and security minded culture. The Company recognizes the disintegration of its IT systems and process. Given the number of separate systems, there is low group wide transparency and risk of suboptimal management of the respective businesses. Approximately 36% of Affecto’s revenue is generated in Sweden and Norway, thus the development of the currencies of these countries (SEK and NOK) may have an impact on Affecto’s profitability. The main part of the companies’ income and costs are within the same currency, which decreases the risks. In addition, the Company also has business in South Africa and therefore the development of the South African Rand (ZAR) may also affect the business environment in South Africa and thus the Company’s business. Affecto’s balance sheet includes a material amount of goodwill. Goodwill has been allocated to cash generating units. Cash generating units, to which goodwill has been allocated, are tested for impairment both annually and whenever there is an indication that the unit may be impaired. Potential impairment losses may have material effect on the reported profit and value of assets. On 27 January 2017, the Company announced the proposals of the Shareholder’s Nomination Board. It was proposed that Aaro Cantell, Magdalena Persson, Olof Sand and Tuija Soanjärvi shall be re-elected and Mikko Kuitunen and Timo Vaajoensuu shall be elected as new members to the Board. Jukka Ruuska and Lars Wahlström have announced that they are no longer available for re-election. The monthly remuneration of the Chairman of the Board was proposed to be increased from EUR 3,500 to EUR 4,000 and the monthly remuneration of the Chairman of the Audit Committee was proposed to be increased to EUR 2,750 from EUR 2,000. The monthly remuneration of the Deputy Chairman and the other Board members was proposed to remain unchanged at EUR 2,750 and EUR 2,000, respectively. In addition, a fee of EUR 300 was proposed to be paid for participation in each committee meeting and participation in person in Board meetings that are outside the country of residence of the relevant Board member. The Shareholders’ Nomination Board proposed that 40 % of the Board remuneration is paid in Affecto’s shares. On 2 February 2017, the Company completed its acquisition of BIGDATAPUMP. BIGDATAPUMP will be its own reportable segment on a going forward basis. The purchase price consists of a 3.5 MEUR cash payment upon closing of the transaction and an earn-out element worth a maximum of 3.0 MEUR. The earn-out element is also paid in cash, subject to the achievement of defined financial targets in 3 years, at the latest 5 years. The overall purchase price is on a net debt free basis. The purchase price allocation has not yet been prepared. The preliminary purchase price allocation will be prepared during the first quarter of 2017. Distributable funds of the group parent company on 31 December 2016 are 58,676,860.61 euros, of which the distributable profit is 15,163,635.13 euros. Board of Directors proposes that from the financial year 2016 a dividend of 0.16 euros per share will be paid, a total of 3,460,603.16 euros with the outstanding number of shares at the end of the financial period, and the rest is carried forward to the retained earnings account. No material changes have taken place in respect of the Company’s financial position after the balance sheet date. The liquidity of the Company is good and in the opinion of the Board of Directors the proposed distribution of profit does not risk the liquidity of the Company. Interim Report January-March 2017: 11 May 2017 Half-yearly Report January-June 2017: 22 August 2017 Interim Report January-September 2017: 7 November 2017 The Financial Statements and the Corporate Governance Statement will be published during the week starting on 13 March 2017. The Annual General Meeting is scheduled to be held 7 April 2017. Affecto expects its FY’17 revenue to be at the same level or above the previous year, and its FY’17 operating profit to be at the same level or below the previous year. The Company is going through a transformation period. In 2016, Affecto divested its Estonian business and acquired a Finnish cloud analytics company BIGDATAPUMP. The divested Estonian business had a revenue of EUR 4.5 million and EUR 0.4 million operating profit in 2016 in addition to the EUR 0.3 million gain from the divestment. BIGDATAPUMP will be its own reportable segment in 2017 and the earn out element of the acquisition will be treated as an IFRS3 cost that will affect the Company’s operating profit. 1. Consolidated income statement, consolidated comprehensive income statement, balance sheet, cash flow statement and statement of changes in equity 2. Notes 3. Key figures 1. Consolidated income statement, consolidated comprehensive income statement, balance sheet, cash flow statement and statement of changes in equity CONSOLIDATED STATEMENT OF CHANGES IN EQUITY This financial statement bulletin has been prepared in accordance with the IFRS recognition and measurement principles and in accordance with IAS 34, Interim Financial reporting. The financial statement bulletin should be read in conjunction with the annual financial statements for the year ended 31 December 2015. In material respects, the same accounting policies have been applied as in the 2015 annual consolidated financial statements.  The amendments to and interpretations of IFRS standards that entered into force on 1 January 2016 had no material impact on this financial statement bulletin. Affecto's reporting segments are based on geographical locations and are Finland, Norway, Sweden, Denmark and Baltic. 2.3. Changes in intangible and tangible assets Affecto Plc owns 821 974 treasury shares, which correspond to 3.7% of the total amount of the shares. The amount of registered shares is 22 450 745 shares. On 17 June 2016, the Company announced that it has entered into a new 18.5 MEUR term loan agreement. The new loan replaced the previous loan of 18.5 MEUR that expired in the end of June 2016. Affecto will repay the loan in semi-annual instalments of 2.0 MEUR starting in December 2016. Affecto's loan facility agreement includes financial covenants, breach of which might lead to an increase in cost of debt or cancellation of the facility agreement. The covenants are based on total net debt to earnings before interest, taxes, depreciation and amortization and total net debt to total equity. The covenants will be measured quarterly, and these terms and conditions of covenants were met at the end of the reporting period. The Company renewed its long term financing in 2016. As a part of the termination of the previous loan agreement, Affecto was able to release the guarantees given in relation to the previous loan. Other securities given on Affecto’s behalf: Other guarantees are mostly securities issued for customer projects. These guarantees include both bank guarantees secured by parent company of the group and guarantees issued by the parent company and subsidiaries. Key management compensation and remunerations to the board of directors: Affecto has revised the terminology used in its financial reporting. Prior to Q1-2016 release, the Company used the term ‘net sales’. In this report and going forward, the term ‘net sales’ is replaced with ‘revenue’, however, the meaning of the two terms is identical.


News Article | February 15, 2017
Site: www.prweb.com

SyncDog, Inc., the leading ISV for mobile application containerization, today announced it has been named one of the 30 Most Admired Companies of the Year by Insights Success Magazine. The publication finds the most innovative companies and entrepreneurs in order to highlight their experiences, views, and approaches to development in their respective fields, and has featured SyncDog’s advancements in mobile security and app collaboration in its Most Admired Companies of 2016 edition. This acknowledgment is due in part to the subject matter expertise and leadership of CEO Jonas Gyllensvaan, as well as SyncDog’s innovative approach to enterprise mobile collaboration. The SyncDog SentinelSecure™ solution suite protects enterprise networks from the risk of cyber breach inherent in mobile computing sources, and offers a secure infrastructure as a general workspace and also to develop and deploy mobile apps securely. “Mobility is now a given for organizational objectives, but securing enterprise mobile data is often last thought of on the priority list,” said Gyllensvaan. “As cases of cyber intrusion rise, organizations must take the appropriate steps to secure their networks and out to their mobile endpoints.” The SentinelSecure™ containerized workspace provides a secure application platform that encrypts and transports data between the enterprise and secure, “sandboxed” applications running on employees’ and contractors’ mobile devices. The workspace protects client enterprise networks with a secure, partitioned FIPS 140-2 certified* container on both iOS and Android devices, and secures data both at rest and in transit using AES 256-bit encryption. The SentinelSecure™ container has been designed to address four main workflows for users accessing enterprise file stores and applications: Secure Communications, File Management, Secure Internet/Intranet Access, and Secure Location-based Services. A full suite of mobile-enabled productivity applications is available to support these workflows, including SharePoint, Enterprise Chat, Geo-location Services, DropBox, a Personal Information Management (PIM) suite, Office Suite, Office 365, Secure Mobile App Management & Development, File Sync, and many more. A full list of supported applications can be found here. Download the SentinelSecure™ datasheet here. To read the full write-up on SyncDog in Insights Success Magazine, click here. SyncDog has been actively building its partner ecosystem over the last year, securing certified APIs for the option to integrate SentinelSecure™ with a broad network of EMM providers. This flexibility allows customers the choice to deploy SentinelSecure™ as a standalone container or as a complementary layer of security to existing EMM investments. Certified SentinelSecure™ integrations include: SentinelSecure™ also has field integration with most name-brand EMM and MDM solutions. Insights Success is a global business solutions magazine that focuses distinctively on emerging and leading tech companies, their confrontational style of doing business, and their way of delivering effective, collaborative solutions to strengthen market share. It is the top publication for technology and business updates in the enterprise market. Insights Success Magazine talks about leaders from the world of technology, including CEOs, CIOs, VPs, and managers who have set benchmarks in the IT industry. For more information, visit insightssuccess.com. SyncDog is the leading independent software vendor (ISV) for building secure infrastructure frameworks that protect enterprise networks from cyber breach from mobile computing sources. The SentinelSecure™ product line for application containerization and IoT (Internet of Things) module monitoring provides the industry’s most proactive approach to securing enterprise mobile collaboration. The SentinelSecure™ data security solution delivers military-grade (FIPS 140-2 certified,* AES 256-bit) secure mobile device partitions or “containers” that can secure emails/contacts, calendar items, IM apps, Internet browsers, mobile file stores and other business apps provisioned on personal devices to be used in a BYOD or COPE (corporate owned personally enabled) setting. For more information on SyncDog products please visit syncdog.com/solutions


News Article | February 27, 2017
Site: globenewswire.com

PALO ALTO, Calif., Feb. 27, 2017 (GLOBE NEWSWIRE) -- The latest market brief by The Radicati Group, “Enterprise Mobility Management – Market Quadrant, 2017” provides a competitive analysis of the Enterprise Mobility Management (EMM) market. Enterprise Mobility Management (EMM) solutions enable businesses to secure and manage employee mobile devices, including smartphones and tablets. Core components of an EMM solution include: Mobile Device Management (MDM), Mobile Application Management (MAM), Mobile Security, and Mobile Content Management. Enterprise Mobility Management vendors evaluated in this Market Quadrant include: BlackBerry, Citrix Systems, IBM, Kaspersky Lab, Microsoft, MobileIron, SAP, Sophos, SOTI, and VMware AirWatch. Radicati Market QuadrantsSM rank vendors based on a four quadrant system, which includes “Top Players”, “Trail Blazers”, “Specialists”, and “Mature Players” quadrants. Vendors are positioned based on the functionality of their solution, and their strategic vision for future direction. Radicati Market QuadrantsSM provide a comparative viewpoint of the market, with an analysis of each vendor, including both strengths and weaknesses. To order a copy of the study, or for additional information about our research, please visit our web site at http://www.radicati.com or contact us at 650-322-8059. About The Radicati Group, Inc. The Radicati Group covers all aspects of email, security, social media, instant messaging, information archiving, regulatory compliance, mobile, web services, unified communications, and more. The company provides both quantitative and qualitative information, including detailed market size, installed base and forecast information on a worldwide basis, as well as detailed country breakouts. The Radicati Group advises corporate organizations to assist them in selecting the right products to fit their business needs, and also works with vendors to define the best strategic direction for their products. The Radicati Group also works with investment firms on a worldwide basis to identify and assess new investment opportunities.


News Article | March 1, 2017
Site: www.marketwired.com

Cortado Corporate Server's new multi-tenant capabilities ensures maximum security with minimal operating costs and administrative effort BERLIN, GERMANY and DENVER, CO--(Marketwired - Mar 1, 2017) -  Cortado Mobile Solutions, manufacturer of the productivity-enhancing enterprise mobility solution Cortado Corporate Server, today announced the release of the multi-tenant version of its software. Service providers can now create secure and separate areas for individual business customers on a single server, while managing all customer accounts through a centralized management console. The multitenancy capability allows service providers to significantly lower hardware costs and increase efficiency and simplicity in managing devices and apps. Without multitenancy, service providers offering mobile device management (MDM) and mobile application management (MAM) to their customers required a separate server for each business customer for security reasons. The consequences were high hardware costs and complicated setup and management of new customers. With the multi-tenant version of Cortado Corporate Server, service providers can create strictly separate areas for multiple business customers on just one server. Each tenant has their own SQL database and connection to Microsoft's Active Directory. "With the new multi-tenant feature, Cortado is meeting the needs of service providers who want to offer their customers enterprise mobility combined with maximum security, minimal operating costs and little administrative effort," said Armin Lungwitz, CIO of Cortado Mobile Solutions. "This feature is also ideal for companies that want to manage individual sites or subsidiaries separately." For more information on the multitenancy feature and a free demo, please visit: https://www.cortado.com/en/tour/multitenancy/ Press information and photos can be found at: https://press.cortado.com Cortado Mobile Solutions GmbH is a wholly owned subsidiary of Cortado Holding AG, and is responsible for all operations relating to the enterprise mobility solution Cortado Corporate Server. The unique enterprise mobility solution offers the perfect balance between security for the organization, easy manageability for the IT department and maximum flexibility for users. The on-premises software includes all the tools required for successful enterprise mobility; mobile device management, mobile application management and mobile content management, and can be fully integrated into the Windows backend. IT administrators continue to work with their known systems, Active Directory groups and Windows privileges, and users can access network drives, SharePoint and intranet pages directly from their mobile devices. Cortado Mobile Solutions follows the philosophy that working natively delivers the highest levels of user acceptance. So Cortado's enterprise mobility solution fully supports native app management and instead of focusing on separate storage when it comes to file sharing, enables a direct connection to the corporate network. The result is a significant increase in productivity for mobile employees, improved collaboration among teams as well as convenient management for the IT department. Cortado's enterprise mobility solution is developed and tested at its headquarters in Berlin, Germany. Also experts in offices in the United States, UK, Australia, Japan, and Brazil, highly qualified consultants at our Berlin location as well as a trained, worldwide network of channel partners provide presence and support to local customers throughout the world.


News Article | February 22, 2017
Site: globenewswire.com

Great customer experiences are paramount to winning in business today. But without great data, companies struggle to deliver great experiences to their customers at scale. InformaticaÒ, the world’s No. 1 provider of data management solutions, today announced that the latest versions of its master data fueled applications, Informatica MDM – Customer 360 and Informatica MDM – Relate 360, work together to power actionable, next-generation customer views, at any scale, to deliver superior customer experiences. Every organization is trying to gain a competitive advantage and achieve a holistic view of customer activities and Informatica MDM helps to deliver a complete view to identify new opportunities, uncover existing relationships and achieve a 360 view of customers. Informatica today also introduced Informatica Axon, the industry’s first fully integrated, enterprise data governance solution. Informatica Axon is designed to engage all constituencies, technical and business, to effectively govern an organization’s data. The solution enables enterprise data governance programs across a wide array of industries including highly regulated industries such as financial services, healthcare, life sciences, insurance and others to connect people and data for better business decisions. Informatica Axon, based on technologies obtained through the acquisition of Diaku Ltd., integrates seamlessly with industry-leading Informatica data management solutions for data quality, master data management, big data and cloud to form the only complete, unified data governance offering, for any market and any size enterprise. Informatica MDM solutions combine the strength of the market’s only true end-to-end MDM solution, Informatica MDM with the power of graph technology and data exploration and visualization. Together they propel customer centricity strategies forward across a large spectrum of B2B and B2C use cases and empower companies to fulfill the promise of customer-centric initiatives, identify new opportunities, uncover existing relationships and streamline customer information management processes. They provide an innovative way to centrally onboard, strategically manage, visually explore, and securely share customer information with those who need it most. “Informatica customer data management solutions have helped top brands improve their customer experiences through gathering, validating and mastering customer data across diverse sources, and managing it to ensure it stays clean, consistent and connected,” said Amit Walia, executive vice president and chief products officer, Informatica. “By infusing multidomain MDM with graph technology and intuitive relationship discovery capabilities, the synergy that results from using MDM – Customer 360 in concert with MDM – Relate 360 is a game-changer for businesses competing on customer experience, particularly as customer channels and data, not to mention expectations, continue to grow in diversity and complexity.” Greater than the Sum of their Parts Built on the Informatica Intelligent Data Platform, MDM – Customer 360 and MDM – Relate 360 work synergistically to ensure that all an enterprise’s customer-related data can be trusted and used to provide insights into customer needs and behaviors, predict the best actions and most relevant up-sell and cross-sell offers in real time, drive engagement, and improve operations across sales, marketing, customer service and other customer-facing functions. Informatica MDM – Customer 360 and MDM – Relate 360 are the two most recent apps added to our suite of master data fueled applications. Informatica MDM – Customer 360 and MDM – Relate 360 MDM applications are designed with a business-friendly, configurable user interface, and make data accessible through existing apps or through pre-configured, role-based interactive dashboards designed for customer engagement and relationship discovery. Configurable prebuilt workflows and data model make it easy to ensure data is clean, complete and fit for purpose and conforms with internal and industry policies and regulations. “Businesses of all sizes and in many industries continue to struggle to maintain a consistent, shareable and accurate single version of master data across their organizations — a requirement that is growing in importance. With the increasing focus on the digitalization of enterprises, management of their key master data is also becoming more important. The ability to achieve and maintain a single, semantically consistent version of customer master data is crucial for customer centric organizations. More importantly, trusted data (which starts with trusted master data) sits at the center of a digital business platform, so demand for effective MDM will continue to increase in the next few years.”- Gartner Magic Quadrant for Master Data Management Solutions, published January 19, 2017 Informatica is 100 percent focused on data because the world runs on data. Organizations need business solutions around data for the cloud, big data, real-time and streaming. Informatica is the world’s No. 1 provider of data management solutions, in the cloud, on-premise or in a hybrid environment. More than 7,000 organizations around the world turn to Informatica for data solutions that power their businesses. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com. Connect with Informatica at https://linkedin.com/company/informatica, https://twitter.com/Informatica and https://facebook.com/InformaticaLLC. Note: Informatica is a registered trademark of Informatica 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. The information provided herein is subject to change without notice. In addition, the development, release and timing of any product or functionality described today remain at the sole discretion of Informatica and should not be relied upon in making a purchasing decision, nor as a representation, warranty or commitment to deliver specific products or functionality in the future.


Patent
Mdm | Date: 2013-05-16

A mouthpiece includes a first body configured to be secured over one or more teeth of a user. The first body comprises a frame for location about at least one of a molar or a premolar of user, as a first bite pad between upper teeth and lower teeth. The first bite pad is molded in the frame while in situ in the mouth of the user and the first bite pad is formed by a PVS material. The first bite pad is in contact with at least one of a molar or a premolar of user, and the first bite pad defines an exterior shape of at least a portion of the teeth of a user. There is a similar second body with a connector between the first body and the second body and together these form the appliance for the user.


Patent
Mdm | Date: 2014-04-17

A mouthpiece includes first and second bodies over teeth of a user. The bodies comprise frames with a bite pad between upper and lower teeth. The bite pad is molded in the frames while in situ in the mouth. The frames, prior to having the bite pads in place are hollow spaces with spanning elements spaced from each other projecting into the hollow space between a top and a bottom of each of the frames. An upper wall of the frame includes an inwardly directed lip directed towards a space inside the frames. A lower wall of the frame is extended in height relatively longer than the upper wall. A shim or a clip is inserted between the incisor edges for facilitating alignment of the incisor edges. The connector includes a slot for accommodating an extension of the shim when the shim is located with the connector.


Patent
Mdm | Date: 2014-04-18

A mouthpiece includes first and second bodies over teeth of a user. The bodies comprise frames with a bite pad between upper and lower teeth. The bite pad is molded in the frames while in situ in the mouth. The frames, prior to having the bite pads in place are hollow spaces with spanning elements spaced from each other projecting into the hollow space between a top and a bottom of each of the frames. An upper wall of the frame includes an inwardly directed lip directed towards a space inside the frames. A lower wall of the frame is extended in height relatively longer than the upper wall. A shim or a clip is inserted between the incisor edges for facilitating alignment of the incisor edges. The connector includes a slot for accommodating an extension of the shim when the shim is located with the connector.


Patent
Mdm | Date: 2014-09-18

A mouthpiece includes first and second bodies over teeth of a user and connector between the bodies. The bodies comprise frames with a bite pad between upper and lower teeth. The bite pad is molded in the frames while in situ in the mouth. The frames, prior to having the bite pads in place are hollow spaces with spanning elements spaced from each other projecting into the hollow space between a top and a bottom of each of the frames. The material of the bodies and connector employ a durometer selectively between Shore A 40-45, and selectively the amount of material is between 4-6 grams for each of a first base putty and for a second catalyst putty for the making of the guard, in combination with the frame. At least one putty is of a first color and selectively the second putty is a same or different color to the first color, and at least one frame is selectively clear or colored, and at least one of the putties includes a flavoring or is flavorless.

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