News Article | February 23, 2017
- La empresa de ingeniería de software con sede en Melbourne, Ocean Software, asegura su cliente militar internacional 13 para el suministro de su producto COTS, FlightPro(R) MELBOURNE, Australia, 23 de febrero de 2017 /PRNewswire/ -- La organización militar más reciente para gestionar FlightPro® es Belgian Air Component, que va a utilizar el software para gestionar todos los aspectos de sus operaciones de vuelos militares, incluida la formación. La selección de FlightPro®, después de un riguroso proceso de licitación competitivo, es evidencia de la naturaleza crítica de la capacidad solicitada por el Ministerio de Defensa belga. El acuerdo con Belgian Air Component asegura la posición global dominante de Ocean Software en el espacio Enterprise Aviation Operations Management Software, particularmente en Europa, donde Bélgica se une a la lista de clientes europeos de rápida expansión de Ocean que incluye la European Defence Agency, la Royal Air Force, la Finnish Air Force, Lufthansa, BAE Systems, y ST Aero. Ocean Software originalmente desarrolló FlightPro® en 1993 para la Royal Australian Air Force, donde todavía confía para asegurar que las operaciones diarias de escuadrones de vuelo son gestionadas eficientemente y con seguridad. FlightPro® fue diseñado para simplificar la tarea multidimensional, difícil de conseguir correctamente pilotos calificados en el avión justo en el momento adecuado para los propósitos de las operaciones militares y entrenamiento. Históricamente esto ha requerido a personal de operaciones altamente cualificado y experimentado, volando generalmente instructores, para gestionar múltiples procesos manuales y sistemas de legado para lograr el objetivo final. FlightPro® simplifica y automatiza muchas de las tareas asociadas con esto y trae todos los datos necesarios dentro de un único sistema, para manejar todo, desde programación, formación, cualificación y gestión de la moneda, a mantenimiento y presentación de informes, así como todo en el medio. El director general de Ocean Software, Bruce Moors, comentó: "El duro trabajo del equipo de Belgian Air Component y Ocean Software por hacer esto posible ha asegurado el reconocimiento de lo principal tras todo lo que hacemos; crear y ofrecer sistemas de alta calidad. FlightPro® es un producto probado y altamente apreciado que ha sido desarrollado y mejorado durante más de 20 años por gente que entiende la complejidad extrema de las operaciones de aviación, particularmente en entornos militares". Belgian Air Component pretende tener el software FlightPro® y en funcionamiento a finales de este año. El oficial de proyecto belga, Steven Van der Vorst, destacó: "Retos de futuro como 'hacer más con menos' y sistemas de armas cada vez más complejos como A400M, NH90 y combatientes futuros requerirán herramientas cada vez más eficientes como FlightPro® en orden para que los sistemas de armas sean empleados efectivamente". Ocean Software diseña, desarrolla y suministra soluciones de software empresarial para clientes militares, gobierno y corporativos del mundo. Las soluciones de Ocean están ampliamentes consideradas como el estándar de oro en sus respectivas clases debido a su integridad, niveles de soporte, desarrollo, formación y documentación. Nuestros productos forman los sistemas de base detrás de entornos operativos muy complejos incluyendo: comando y control, operaciones y gestión de formación de salud, gestión de la cadena de suministro y comercio electrónico. Para más información, visite www.ocean.software. Belgian Air Component celebró el año pasado su 70 aniversario, pero sus raíces se remontan a 1907. Hoy en día, Belgian Air Component, se considera como una de las fuerzas aéreas más activas del mundo con un papel fundamental en la OTAN. Belgian Air Component es un socio pequeño pero fiable para sus aliados, a nivel nacional y en el extranjero. Además de sus deberes nacionales como QRA y SAR, Belgian Air Component participa en una amplia gama de operaciones. Equipos y tecnología excepcional son obligatorios para hacerlo. Para imágenes de alta resolución, contactar con:
News Article | February 23, 2017
MELBOURNE, Australia, Feb. 24, 2017 /PRNewswire/ -- The latest Military organisation to procure FlightPro(R) is the Belgian Air Component, who will be using the software to manage all aspects of their military flying operations, including training. FlightPro'(R) selection, after a rigorous competitive tender process, is evidence of the critical nature of the capability sought by the Belgian MoD. The deal with the Belgian Air Component secures Ocean Software's dominant global position in the Enterprise Aviation Operations Management Software space, particularly across Europe, as Belgium joins Ocean's rapidly expanding European customer list which includes the European Defence Agency, the Royal Air Force, the Finnish Air Force, Lufthansa, BAE Systems, and ST Aero. Ocean Software originally developed FlightPro(R) in 1993 for the Royal Australian Air Force, where it is still relied upon to ensure the day-to-day operations of flying squadrons are handled efficiently and safely. FlightPro(R) was designed to simplify the multi-dimensional, challenging task of getting correctly qualified pilots into the right aircraft at the right time for both training and military operations purposes. Historically this has required highly skilled and experienced operations personnel, usually flying instructors, to manage multiple manual processes and legacy systems in order to achieve the end goal. FlightPro(R) simplifies and automates many of the tasks associated with this, and brings all the necessary data together within a single system, to handle everything from scheduling, training, qualification and currency management, to maintenance and reporting, as well as everything in between. Ocean Software's General Manager, Bruce Moors says, "The hard work of the Belgian Air Component and Ocean Software's team to make this happen has assured recognition of the principles behind everything we do; that is to build and deliver high quality systems. FlightPro(R) is a proven and highly regarded product that has been developed and enhanced over more than 20 years by people who understand the extreme complexities of Aviation Operations, particularly within Military environments." The Belgian Air Component seeks to have the FlightPro(R) Software up and running by the end of this year. The Belgian Project Officer, Steven Van der Vorst, says, "Future challenges such as 'do more with less' and increasingly complex weapon systems including the A400M, NH90 and future fighters will require ever more efficient tools such as FlightPro(R) in order for the weapon systems to be employed effectively." Ocean Software designs, develops, and delivers Enterprise Software solutions for military, government, and corporate customers around the world. Ocean's solutions are widely regarded as the gold standard in their respective classes due to their completeness, levels of support, ongoing development, training and documentation. Our products form the core systems behind highly complex operating environments including: Command and Control, Operations & Training Management Healthcare, Supply Chain Management, and eCommerce. For more information, visit www.ocean.software. The Belgian Air Component celebrated last year its 70th anniversary, but its roots can be traced back to 1907. Today, the Belgian Air Component, is considered as one of the most active Air Forces in the world with a pivotal role in NATO. The Belgian Air Component is a small but reliable partner for its allies, active in homeland and abroad. Besides its national duties like QRA and SAR, the Belgian Air Component participates in a broad range of operations. Outstanding technology and equipment is mandatory to achieve this.
News Article | February 23, 2017
— Market Highlights Intelligent railway transport system market is expected to grow at CAGR of ~26.6% during the forecast period and expected to reach market size of USD ~90 Billion by the end of forecast period. The Intelligent Railway Transport System Market is gaining importance with the increase in adoption of intelligent railway transportation system by the public and private railway authorities all over the world. The increased need of surveillance of passengers for their safety and for providing them with convenient transportation facilities is driving the market. The market is gaining importance with its facility of providing real time information of the trains and related railway services. The users get benefit in terms of saving their time and availing cost effectiveness by implementation of this technology. The railways is adopting various tools as a part of intelligent railways system such as the display screens on the platforms and in local & metro trains for providing information about the next stop. The implementation of intelligent railway transportation system helps in ensuring safe drive of trains even in adverse climatic conditions and prevents trains from accidents at railway crosses. The use of systems at the railway crossings for controlling the road traffic and preventing human accidents at rail crossings is also boosting the growth of the intelligent railway transport system markets. Prominent Players • ABB Group (Switzerland) • Indra Sistemas • S.A. (Spain) • Alstom S.A. (Saint-Ouen) • Alcatel-Lucent S.A. (France) • Bombardier Inc.(Canada) • Huawei Technologies Co. Ltd. (China) • Hitachi, Ltd. (Japan) • Cisco Systems, Inc. (U.S.) • Siemens AG (Munich) • International Business Machines Corporation (U.S.) • General Electric Company (U.S.) • Ansaldo Signalling and Transportation Systems (Itlay) Intelligent railway transport system market The Global Intelligent railway transport system market has been segmented on the basis of Devices & Components, Services and solutions. Devices and components include Rail Sensors, Video Surveillance Cameras, Smart Cards, Networking & Connectivity Devices (Router, Wi-Fi, Switches, etc.) and Others (Multimedia Displays). Services include Professional Services, Cloud Services and Integration Services among others. Solutions comprises of Passenger Information System (PIS), Railway Traffic Management System (RTMS), Advanced Security Management System, Smart Ticketing System (STS), Rail Operations Management System, Rail Communication & Networking Systems and Others (Rail Analytics System and Freight Information System). Market Research Analysis: Market Research Future Analysis shows that the carbon emission control has gained utmost importance in developing the railway intelligent transport system. The increasing awareness of the people towards environment protection is facilitating the growth of this market. The traditional railways used coal and were a major source of carbon generation in the environment. The increasing awareness towards global warming among all the nations worldwide has compelled the railway authorities to adopt the intelligent transportation systems. Therefore, the increased need of carbon control emission has facilitated the growth of this market. Geographically, The Europe region has reached at the optimum level for this market as the region has a well-established railway system with effective implementation of intelligent transport systems. North America is expected to grow rapidly in the intelligent railway transport system market as with the existence of advanced intelligent transport system hardware providers and manufacturers of sensors and surveillance cameras among others. In Asia-pacific region, the government is taking charge of managing railways with the help of intelligent railway transport system. This government initiative of managing railways and initiating the metro rail projects in developing nations like India is contributing to the growth of intelligent railway transport system. Related Report Real-Time Locating Systems Market is expected to reach at market size of ~$6 billion by the end of forecast period with CAGR of ~28% between 2016 and 2022 https://marketresearchfuture.com/reports/real-time-locating-systems-market About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. For more information, please visit https://www.marketresearchfuture.com/reports/intelligent-railway-transport-system-market
News Article | February 28, 2017
TOKYO & WALTHAM, Mass.--(BUSINESS WIRE)--NEC Corporation and Netcracker Technology announced today that Globe Telecom has selected them to support its digital transformation initiative and lay the foundation for next-generation infrastructure, including virtualization. Globe will use Netcracker's sophisticated OSS suite and comprehensive Service Orchestration solution, a component of NEC/Netcracker's Hybrid Operations Management solution and Agile Virtualization Platform and Practice. Globe Telecom is the leading mobile service operator in the Philippines, managing one of the nation's largest networks which delivers sophisticated mobile, broadband and fixed-line services to consumers, small and medium businesses and large enterprises. Known for delivering innovative services and exceeding customer expectations, Globe Telecom is constantly investing in new capabilities to maintain its market leadership. As part of this mandate, Globe is upgrading and optimizing its infrastructure for new digital services. Netcracker's OSS suite, comprised of Service Activation, Resource Inventory and Discovery & Reconciliation, and NEC/Netcracker's Service Orchestration solution will enable Globe to lay the foundation for hybrid operations between physical and virtual infrastructure. The solutions will also optimize current service deployment processes and increase the level of automation. "Our customers expect us to offer the most innovative digital services in the market and deliver those services reliably and consistently. As such, we continue to invest in cutting-edge technology that will allow seamless customer experience," said Pebbles Sy-Manalang, Chief Information Officer at Globe. "We are excited to launch this partnership with NEC and Netcracker and leverage their expertise and solutions to meet our key business objective of being the best digital service provider for our customers." "As one of the leading service providers in the Philippines, Globe is using our solutions to give it the agility and flexibility needed to keep pace with such a fast-moving market," said Elizabeth Pangan, President of NEC Philippines. "We are excited to support Globe in achieving their mission of creating wonderful experiences and overcoming challenges, we are confident that these capabilities will result in better operations for Globe, introducing even more possibilities for growth in the future." "The transition into a next-generation service provider requires the deployment of new technologies and processes, both of which are important aspects of transformation," said Loh John Wu, Senior Vice President and General Manager of Asia Pacific at Netcracker. "We are excited to help Globe evolve and set the foundation for virtualization and digitalization, which will enable it to deliver the best experience to its diverse customers." Globe Telecom is a leading full service telecommunications company in the Philippines, serving the needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connections, internet and managed services. Its principals are Ayala Corporation and Singtel who are acknowledged industry leaders in the country and in the region. For more information, visit www.globe.com.ph. Follow us on Twitter: http://twitter.com/talk2Globe and Facebook: http://facebook.com/GlobePH NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company’s experience and global resources, NEC’s advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at www.nec.com. The NEC Group globally provides “Solutions for Society” that promote the safety, security, efficiency and equality of society. Under the company’s corporate message of “Orchestrating a brighter world,” NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. ©2016 NEC Corporation. Netcracker Technology, a wholly owned subsidiary of NEC Corporation, is a forward-looking software company, offering mission-critical solutions to service providers around the globe. Our comprehensive portfolio of software solutions and professional services enables large-scale digital transformations, unlocking the opportunities of the cloud, virtualization and the changing mobile ecosystem. With an unbroken service delivery track record of more than 20 years, our unique combination of technology, people and expertise helps companies transform their networks and enable better experiences for their customers.
News Article | February 27, 2017
Transformation Well Under Way SINGAPORE, SINGAPORE--(Marketwired - Feb. 27, 2017) - Jadestone Energy Inc. (TSX VENTURE:JSE) ("Jadestone" or the "Company"), formerly Mitra Energy Inc., reported third quarter 2017 operating and financial results for the period to December 31, 2016, on February 24, 2017. "Our Q3 results present and reflect a critical turning point for the Company as it transforms to a balanced portfolio with an emphasis on production, providing a more sustainable business foundation, and near term development, to deliver exceptional returns to shareholders. For the first time in the Company's history, we are pleased to report crude oil production from operations, underpinned by a strong and resilient Balance Sheet. We have stabilised our financial position with a non-brokered fund raising of US$40 million common equity, and with the Stag Oilfield generating operating free cashflow with an oil price as low as US$38/barrel (at planned production rate). In addition, we have constrained our spending, both capital and operational, to live within our means, and continue our efforts to address general and administrative expenses", said Paul Blakeley, Executive Chairman. "We are also making good progress on our work with the Australian offshore petroleum regulator NOPSEMA, seeking customary clearances for the Company's Safety Case, Environmental Plan and Well Operations Management Plan. In the meantime, operations at Stag continue to be provided by Quadrant Energy under the transitional services agreement put in place at the time of the sale. We look forward to concluding this work with NOPSEMA, facilitated by the excellent cooperation with Quadrant Energy, in the second quarter of calendar year 2017, so that we can take charge of operations and accelerate efforts to unlock value with the benefit of management's second phase operating capabilities. We see a number of opportunities to achieve cost reductions almost immediately". Production at the Stag Oilfield has been negatively impacted in the quarter by downtime associated with workover repairs on the 21H well and a temporary shut-in of the 36H well, a significant producing well, while waiting on equipment for a workover. There was also a two-day suspension of operational activities due to Cyclone Yvette at Christmas. Production is running at 3,125 barrels a day as of February 26, 2017, with the 36H well expected back on-line in the second quarter of calendar year 2017. Efforts to accelerate portfolio management of the remainder of the portfolio have intensified. ODPs for the Nam Du and U Minh gas fields, in Blocks 46/07 and 51 respectively, were submitted to PVN and PVEP on November 8, 2016 for endorsement and approval. Pending approval of the ODPs, Jadestone is now preparing to enter the define phase of the project, including Front End Engineering & Design, Field Development Plan studies, and preparation for a Gas Sales Agreement. On the western side of the Block 51 license, the Tho Chu discovery was granted a five-year suspended development status by the Prime Minister on December 26, 2016, which will give us time to delineate what we believe to be a far more material gas resource. Relinquishment of the Sibaru PSC in Indonesia was approved by MIGAS on December 29, 2016. Closing of the Company's purchase of a 30% working interest in Vietnam Block 05-1b&c PSC from Teikoku Oil (Con Son) Co., Ltd, a wholly owned subsidiary of Inpex Corporation, remains subject to certain conditions precedent, most notably the statutory pre-emption right held by PVN. JSE reported an operating loss for the quarter of US$8.6 million compared to an operating loss of US$1.8 million for the same quarter in the 2016 financial year. We remain subject to Quadrant Energy's Stag allocated operating costs until NOPSEMA regulatory approval, while the Company invests in its own team in Perth ready to take operatorship of the asset in the coming months. In addition, the Company incurred elevated workover costs during the quarter of US$16.70/barrel, due to a more intensive level of activity in November and December, as well as non-cash depletion costs of US$10.21/barrel. The results also reflect one-off restructuring charges including US$2.4 million of termination payments, and other sundry items arising from the strategic shift under the new management. Headcount has been reduced from 59 in June 2016 to 39, with a plan for further reduction to 32 in the second quarter of calendar year 2017 (on a like-for-like basis and excluding the Stag field operating team). Investing activities in the third quarter amounted to a cash outflow of US$19.8 million, largely due to the US$10 million acquisition of the Stag Oilfield plus customary working capital adjustments which included US$8.9 million of crude oil inventory. Financing activities for the quarter totaled US$39.5 million cash inflow, arising from the November 2016 non-brokered private placement of US$40 million. The Company has US$26.2 million cash, plus an undrawn US$28 million convertible bond facility. The Stag Oilfield is expected to be operating free cashflow positive in 2017, while the funding of infill drilling will require utilising some of the cash on hand and/or convertible bond. At the current strip prices, we do not anticipate drawing on the convertible bond until closing of the 05-1b&c PSC acquisition and/or as part of the Stag Oilfield infill well programme. "We are very excited about taking control of operations at Stag in the coming months, together with the potential closing of the 05-1b&c acquisition. Meanwhile, we continue to more actively manage our existing portfolio, including restructuring the business to lower our general and administrative expense burden, accelerate development of our discovered gas resources and selectively relinquish non-core exploration licenses. Furthermore, the M&A opportunities for a capable and efficient second phase operating company in the region, like Jadestone, grow ever more attractive, both in 2017 and in the medium to longer term," said Paul Blakeley. The following table provides selected financial information of the Company, which was derived from, and should be read in conjunction with, the unaudited financial statements for the 9-months ended December 31, 2016: 1 Excludes US$18.5 million for the acquisition of the Stag Oilfield including US$8.9 million working capital adjustments for crude oil on hand. Jadestone Energy Inc. is TSX-V listed oil and gas company headquartered in Singapore. The Company is currently engaged in exploration, appraisal and pre-development activities in Southeast Asia (Vietnam, the Philippines and Indonesia) and production and appraisal activity in the Carnarvon Basin, Australia. Following a recent strategic review, the Company is focusing on acquiring assets with production in the near term, and where significant follow-on reinvestment opportunities exist to enhance value, as well as undeveloped discoveries which may be rapidly brought to production. This press release contains certain forward-looking information and forward-looking statements (collectively, "forward-looking information") that involves various risks, uncertainties and other factors. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "should", "believe", "plans", and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information pertaining to the potential acquisition of Block 05-01b&c. With respect to forward-looking information contained in this news release, assumptions have been made regarding, among other things: satisfaction of the conditions to closing of the Block 05-01b&c acquisition and the Company's ability to obtain all required approvals for the acquisition. Actual results could differ materially from those anticipated in the forward-looking information as a result of the possible failure of the Company to complete the Block 05-01b&c acquisition and/or to realize the anticipated benefits of the Block 05-01b&c acquisition and other risks including volatility in market prices and demand for oil, natural gas liquids and natural gas and hedging activities related thereto; general economic, business and industry conditions; variance of the Company's actual capital costs, operating costs and economic returns from those anticipated; risks related to the exploration, development and production of oil and natural gas reserves and resources; negative public perception of oil and natural gas development and transportation, hydraulic fracturing and fossil fuels; actions by governmental authorities, including changes in government regulation, royalties and taxation; the management of the Company's growth; the availability, cost or shortage of rigs, equipment, raw materials, supplies or qualified personnel; the absence or loss of key employees; uncertainty associated with estimates of oil, natural gas liquids and natural gas reserves and resources and the variance of such estimates from actual future production; dependence upon compressors, gathering lines, pipelines and other facilities, certain of which the Company does not control; failure to accurately estimate abandonment and reclamation costs; changes in the interpretation and enforcement of applicable laws and regulations; terrorist attacks or armed conflicts; natural disasters; reassessment by taxing authorities of the Company's prior transactions and filings; variations in foreign exchange rates and interest rates; third-party credit risk including risk associated with counterparties in risk management activities related to commodity prices and foreign exchange rates; sufficiency of insurance policies; potential for litigation; variation in future calculations of certain financial measures; and potential competition in the Company's industry. The forward-looking information and statements contained in this news release speak only as of the date hereof, and the Company does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
News Article | February 16, 2017
According to a new market research report "Data Science Platform Market by Business Function (Marketing, Sales, Logistics, Risk, Customer Support, Human Resources, & Operations), Deployment Model, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to grow from USD 19.58 Billion in 2016 to USD 101.37 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 38.9% Browse 44 market data Tables and 43 Figures spread through 137 Pages and in-depth TOC on "Data Science Platform Market" http://www.marketsandmarkets.com/Market-Reports/data-science-platform-market-21532997.html Early buyers will receive 10% customization on this report. The logistics business function is expected to grow at the highest CAGR during the forecast period The logistics business function is expected to have the largest market share, as well as, the highest growth rate. Most of the enterprises are embracing revered data science platforms to ingest data from numerous sources. These data science platforms have helped enterprises to address the business queries with the help of actionable insights delivered as an end result from data science platform solutions. This has led enterprises to enhance and maximize their Return on Investment (ROI). Moreover, data science platform also helps sort data to support efficient network planning and network optimization through analysis of historical data of transportation routes. The on-demand deployment model to grow at the highest CAGR during the forecast period The market by deployment model has been segmented into on-premises and on-demand model. The on-demand deployment model is expected to witness the highest CAGR during the forecast period. The on-demand deployment model will gain traction in the future, owing to low operational expenses, ease of deployment, and improved scalability & integration. North America is expected to dominate the Data Science Platform Market during the forecast period The Data Science Platform Market segments the global market on the basis of regions, which includes North America, Asia-Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest share of the Data Science Platform Market in 2016, due to the presence of large enterprises, technical experts, and growing demands for data science platform in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The APAC market is expected to adopt data science platform significantly, owing to increased Foreign Direct Investments (FDIs), flexible government policies advocating the growth of digitalization, industrialization, and smart city initiatives by various governments, which will be instrumental in adoption of the technology by leaps and bounds. Enterprises are focusing on methods enabling simpler use of data to drive their business and advancement in big data technologies and these are the key driving forces of the Data Science Platform Market. The report also encompasses different strategies, such as acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their shares in the market. Some of the major technology vendors include Microsoft Corporation (U.S.), IBM Corporation (U.S.), Google, Inc. (U.S.), Wolfram (U.S.), DataRobot Inc. (U.S.), Sense Inc. (U.S.), RapidMiner Inc. (U.S.), Domino Data Lab (U.S.), Dataiku (France), Alteryx, Inc. (U.S.), and Continuum Analytics, Inc. (U.S.). Browse Related Reports Big Data Market by Component (Software and Services), Type (Structured, Semi-Structured and Unstructured), Deployment Model, Vertical, and Region (North America, Europe, Asia-Pacific, Latin America & Middle East and Africa) - Global Forecast to 2021 http://www.marketsandmarkets.com/Market-Reports/big-data-market-1068.html Predictive Analytics Market by Business Function, Applications (Risk Management, Operations Management, Sales Management, Supply Chain Management, Workforce Management), Organization Size, Deployment Model, Vertical, & by Region - Global Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/predictive-analytics-market-1181.html Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
News Article | February 28, 2017
2016 Fourth Quarter Revenues of $177.3 Million, up 6.9% year over year 4Q Diluted EPS (GAAP) of $0.45, up from $0.43 in Q4 of 2015 4Q Adjusted Diluted EPS (Non-GAAP) of $0.61, up from $0.56 in Q4 of 2015 2016 Revenues of $686.0 Million, up 9.1% year over year 2016 Diluted EPS (GAAP) of $1.79, up from $1.51 in 2015 2016 Adjusted Diluted EPS (Non-GAAP) of $2.33, up from $2.03 in 2015 NEW YORK, Feb. 28, 2017 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (NASDAQ:EXLS), a leading operations management and analytics company, today announced its financial results for the quarter ended December 31, 2016 and the full year 2016. Rohit Kapoor, Vice Chairman and CEO, commented, “Our fourth quarter 2016 revenues beat expectations, and for the full year 2016 revenues increased 9.1% year over year or 10.9% in constant currency (non-GAAP) to $686.0 million. We achieved an 18.4% increase in diluted EPS to $1.79 and a 14.8% increase in adjusted diluted EPS to $2.33 for the full year 2016. Our revenues growth this year was led by our Analytics segment which grew 35.7% for the full year. Our Operations Management segment revenues growth was 2.7% for the full year driven by new and existing clients offset by weakness in our consulting business. “Our growth was broad-based, the result of our driving superior customer experiences and our investments in automation and robotics including the Business EXLerator Framework™. The integrated selling of our business process management and analytics solutions continues to strengthen our competitive positioning with our clients and prospects. Our three acquisitions in 2016 have been assimilated and are performing at or above expectations. I believe our market position is strong, and we have great momentum to execute our growth plans in 2017.” Vishal Chhibbar, CFO, commented, “In 2016, we generated $100.3 million of cash flow from operations and ended the year with $226.6 million in cash and short term investments. For 2017, we are providing revenue guidance of $735 million to $760 million, representing annual revenue growth of 8% to11% in constant currency. Our adjusted diluted earnings per share guidance is $2.50 to $2.60, representing an increase of 7% to 12%.” We have two reportable segments: Operations Management and Analytics. Reconciliations of adjusted (non-GAAP) financial measures, including those reflecting constant currency, to GAAP measures are included at the end of this release. Today, we announced that our Board of Directors authorized an additional $100 million common stock repurchase program, effective immediately. The approval increases the 2017 authorization from $20 million to $40 million and authorizes stock repurchases of up to $40 million in 2018 and 2019. The shares may be purchased through December 31, 2019 by the Company on the open market and through private transactions as determined by EXL’s management. Based on current visibility and a U.S. Dollar to Indian rupee exchange rate of 67.0, British Pound to U.S. Dollar exchange rate at 1.25, U.S. Dollar to the Philippine Peso exchange rate of 50.0 and all other currencies at current exchange rates, the Company is providing the following guidance for the calendar year 2017: ExlService Holdings, Inc. will host a conference call on Tuesday, February 28, 2017 at 8:00 A.M. ET to discuss the Company’s quarterly operating and financial results. The conference call will be available live via the internet by accessing the investor relations section of EXL’s website at ir.exlservice.com, where an accompanying investor-friendly spreadsheet of historical operating and financial data can also be accessed. Please access the website at least fifteen minutes prior to the call to register, download and install any necessary audio software. To listen to the conference call via phone, please dial 1-877-303-6384, or if dialing internationally, 1-224-357-2191 and an operator will assist you. For those who cannot access the live broadcast, a replay will be available on the EXL website ir.exlservice.com. EXL (NASDAQ:EXLS) is a leading operations management and analytics company that designs and enables agile, customer-centric operating models to help clients improve their revenue growth and profitability. Our delivery model provides market-leading business outcomes using EXL’s proprietary Business EXLerator Framework™, cutting-edge analytics, digital transformation and domain expertise. At EXL, we look deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. Headquartered in New York, New York, EXL has more than 26,000 professionals in locations throughout the United States, Europe, Asia (primarily India and Philippines), South America, Australia and South Africa. For more information, visit www.exlservice.com. Continuing Statement Regarding Forward-Looking Statements This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL's operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management's experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K for the year ended December 31, 2015. These risks could cause actual results to differ materially from those implied by forward-looking statements in this release. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws. Reconciliation of Adjusted Financial Measures to GAAP Measures In addition to its reported operating results in accordance with U.S. generally accepted accounting principles (GAAP), EXL has included in this release adjusted financial measures (adjusted operating income, adjusted operating income margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted diluted earnings per share and information on a constant currency basis) that the Securities and Exchange Commission defines as “non-GAAP financial measures.” The adjusted financial measures disclosed by EXL should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from those financial statements should be carefully evaluated. EXL believes that providing these adjusted measures may help investors better understand EXL’s underlying financial performance. Management also believes that these adjusted financial measures, when read in conjunction with EXL’s reported results, can provide useful supplemental information for investors analyzing period to period comparisons of the Company’s results and comparisons of the Company’s results with the results of other companies. Additionally, management considers some of these adjusted financial measures to determine variable compensation of its employees. EXL believes that it is unreasonably difficult to provide its earnings per share financial guidance in accordance with GAAP for a number of reasons including, without limitation, EXL’s inability to predict its future stock-based compensation expense under ASC Topic 718, the amortization of intangibles associated with further acquisitions and the currency fluctuations. EXL also incurs significant non-cash charges for depreciation that may not be indicative of the Company’s ability to generate cash flow. Additionally, EXL provides certain information on a constant currency basis, which reflects a comparison of current period results translated at the prior period currency rates. EXL primary exchange rate exposure is with the Indian Rupee, the U.K. pound sterling and the Philippine peso. The average exchange rate of the U.S. dollar against the Indian rupee increased from 66.08 during the quarter ended December 31, 2015 to 67.70 during the quarter ended December 31, 2016, representing a depreciation of 2.5%. The average exchange rate of the U.S. dollar against the Philippine peso increased from 47.01 during the quarter ended December 31, 2015 to 49.29 during the quarter ended December 31, 2016, representing a depreciation of 4.9%. The average exchange rate of the British Pound against the U.S. dollar decreased from 1.51 during the quarter ended December 31, 2015 to 1.23 during the quarter ended December 31, 2016, representing a depreciation of 18.5%. This information is provided because EXL believes that it provides useful comparative incremental information to investors regarding EXL’s operating performance. The following table shows the reconciliation of these adjusted financial measures from GAAP measures for the year ended December 31, 2016 and December 31, 2015, the three months ended December 31, 2016 and December 31, 2015 and for the three months ended September 30, 2016: (a) To exclude stock-based compensation expense under ASC Topic 718. (b) To exclude amortization of acquisition-related intangibles. (c) To exclude change in fair value of earn-out consideration related to the RPM acquisition.
News Article | February 15, 2017
BASEL, Switzerland--(BUSINESS WIRE)--Therachon AG, a biotechnology company focused on rare genetic diseases, announced today the strengthening of its Board of Directors and executive management team. Hans Schikan, Pharm.D., will the join the Board as a non-executive director. Richard Porter, Ph.D., is announced as the Chief Operating Officer and Jeffrey Stavenhagen, Ph.D. as Vice President of Biology. “I am delighted to have Drs. Schikan, Porter and Stavenhagen join our team,” said Luca Santarelli, M.D., Therachon’s Chief Executive Officer and Director. “The addition of these three tenured biopharmaceutical executives extends and deepens our scientific and business expertise. With their experience and successful track record, I am confident that we will be able to harness the full therapeutic potential of our drug candidate, TA-46, for children suffering from achondroplasia.” “I am thrilled to welcome these three industry leaders to our Board and management team,” said Thomas Woiwode, Ph.D., Managing Director at Versant Ventures and Chairman of the Board at Therachon. “Hans, Richard and Jeffrey understand the potential and hope Therachon brings to patients suffering from rare, genetic diseases. Under Luca’s leadership and with the recent completion of our $40 million Series A financing, Therachon is now well positioned to accelerate TA-46 into the clinic.” Hans Schikan currently serves as Chairman at Asceneuron (Switzerland), Complix (Belgium) and InteRNA (Netherlands), and is a non-executive director at Hansa Medical (Sweden), Swedish Orphan Biovitrum (Sweden), Wilson Therapeutics (Sweden) and Dutch Top Sector Life Sciences & Health (Netherlands). Previously, he was the CEO of Prosensa, which used RNA modulation to treat rare diseases such as Duchenne muscular dystrophy (DMD). While at Prosensa, he oversaw the M&A transaction with BioMarin for up to $840 million. Prior to that, he held senior strategic and commercial positions at Genzyme and Organon. Hans Schikan received his Pharm.D. from the University of Utrecht (Netherlands). Richard Porter brings over 20 years of experience working across multiple therapeutic areas in the pharmaceutical and biotech industries. He spent over 14 years at Roche in positions of increasing responsibility, most recently as the Global Head of Operations Management for Neuroscience Ophthalmology and Rare Diseases. He has also served as a Product General Manager in the Emerging Business Unit at Shire Pharmaceuticals, and held scientific leadership positions at Vernalis and ASTRA. He has brought multiple projects through development and brings extensive experience at both an operational and strategic level. He received his Ph.D. from the University of Southampton and completed his postdoctoral training at the University of Oxford (U.K.) and at the University of Rochester (U.S.). Jeffrey Stavenhagen brings 20 years of scientific leadership experience in both the U.S. and Europe using emerging technology platforms for the development of novel biologics. He most recently was a Senior Director at Lundbeck (Denmark) and led their global biologics program to treat CNS diseases. Prior to that, he served as Director, Molecular Immunology at Amplimmune and held roles of increasing responsibility at MacroGenics. Dr. Stavenhagen started his career as an assistant professor at the University of Dayton in the Department of Biology. He received his Ph.D. in molecular biology from Columbia University and conducted Post-Doctoral research at the Fred Hutchinson Cancer Research Center in Seattle, Washington. Therachon is a global biotechnology company focused on developing medicines for rare, genetic diseases that currently have no available treatments. The company’s lead pipeline candidate, TA-46, is a novel protein therapy in development for achondroplasia, the most common form of short-limbed dwarfism. This rare genetic condition affects about one in 25,000 children and is caused by a genetic mutation of the FGFR3 receptor, which stunts child bone growth. Therachon is committed to translating the promise of its science into new treatments for patients with high unmet medical needs. For more information, visit www.therachon.com.
News Article | February 16, 2017
ALEXANDRIA, Va.--(BUSINESS WIRE)--The Senior Living Certification Commission (SLCC) has announced a list of 252 senior living professionals who have earned its Certified Director of Assisted Living (CDAL) credential. The SLCC’s CDAL program was developed by practicing subject matter experts in senior living, and is based on the unique knowledge and skills required by the executive director, as identified through an extensive job analysis. Utilizing standards for best practice in the certification field, this voluntary certification program takes existing state licensing requirements to the next level. Certification demonstrates attainment of consistent, relevant, measurable and industry-recognized standards of practice in the assisted living executive director role. The CDAL examination provides a mechanism to measure judgment, application of knowledge, and problem-solving abilities. It is comprised of questions in the following knowledge domains: Principles and Philosophy of Assisted Living; Resident Care and Services; Customer Experience; Leadership; Operations Management; Regulatory Compliance; Sales and Marketing; and Financial Management. “I congratulate each of our professionals that have earned the Certified Director of Assisted Living credential,” said SLCC Chairman and Legend Senior Living CEO Tim Buchanan. “I also want to encourage other qualified professionals to apply for the opportunity to earn this credential. The commitment to sit for certification demonstrates not only a personal drive for growth, but also a desire to elevate the standards of the industry.” Applications for the CDAL certification and registration for the spring testing period for the certification examination are now open. Successful completion of the exam is one of the requirements for attaining certification through the SLCC. April 15 marks the registration deadline for the testing period taking place this spring from March 1 – May 31. “The new Certified Director of Assisted Living program gives leaders access to a high-standard credential which recognizes their experience, competency and professionalism, strengthening our industry’s dedication to providing quality of life to those we serve,” said Argentum Board of Directors Chairman and Silverado CEO Loren Shook. “It demonstrates to consumers and state regulators that the senior living industry is committed to rigorous, professional development and self-regulation in an effort to deliver the best of quality of life to our consumers.” The Senior Living Certification Commission (SLCC) is an independent, non-profit organization committed to establishing credentialing programs for professionals working in senior living. To learn more about the SLCC, visit www.slcccertification.org. Since 1990, Argentum has advocated for choice, accessibility, independence, dignity, and quality of life for all older adults. Argentum’s programs promote business and operational excellence designed to foster innovation and entrepreneurism in the field of senior living. To learn more about Argentum, visit www.argentum.org.
News Article | March 1, 2017
„Die Verwandlung von IT-Organisationen von einer Kostenfunktion in einen Wertschöpfer ist wesentlich, um in der sich schnell ändernden, innovativen Umgebung von heute wettbewerbsfähig zu bleiben“, sagte Tom Goguen, Vice President und Geschäftsführer (General Manager) für IT Operations Management bei Hewlett Packard Enterprise. Er fügte hinzu: „Der Windpark Manager 4.0™ bietet eine einmalige Anwendung der Fähigkeiten der HPE Operations Bridge-Software durch die Vereinfachung und Automatisierung von IT-Betrieben mit Echtzeit-Sichtbarkeit, um Leitern zu helfen, Entscheidungen schneller zu treffen.“ Bei bestimmten Aussagen in dieser Pressemitteilung in Bezug auf unsere zukünftigen Wachstumsaussichten handelt es sich um zukunftsgerichtete Aussagen, die eine Reihe von Risiken und Ungewissheiten mit sich bringen, die dazu führen können, dass tatsächliche Ergebnisse maßgeblich von diesen zukunftsgerichteten Aussagen abweichen. Zu den Risiken und Ungewissheiten im Zusammenhang mit diesen Aussagen gehören unter anderem Risiken und Ungewissheiten in Bezug auf Fluktuationen bei unseren Einnahmen, Erträgen und Gewinnen, unsere Fähigkeit, Wachstum zu generieren und zu steuern, der intensive Wettbewerb bei IT-Dienstleistungen, unsere Fähigkeit, unseren Kostenvorsprung zu halten, Lohnerhöhungen in Indien, unsere Fähigkeit, hochqualifizierte Fachleute einzustellen und zu halten, Zeit- und Kostenüberschreitungen bei preis- und zeitgebundenen Rahmenverträgen, Kundenkonzentration, Einwanderungsbeschränkungen, unsere Fähigkeit, unsere internationalen Betriebe zu führen, nachlassende Nachfrage nach Technologien in unseren Schwerpunktbereichen, Störungen in Telekommunikationsnetzen, unsere Fähigkeit, potenzielle Übernahmen erfolgreich abzuschließen und einzubinden, Haftung für Schäden bei unseren Service-Verträgen, der Erfolg der Unternehmen, in die wir strategische Investitionen getätigt haben, Entzug von finanziellen Regierungsanreizen, politische Instabilität, Krieg, rechtliche Beschränkungen der Kapitalaufnahme oder der Übernahme von Unternehmen außerhalb von Indien, die unbefugte Verwendung unseres geistigen Eigentums, sowie allgemeine wirtschaftliche Bedingungen mit Einfluss auf unsere Geschäftstätigkeiten und unsere Branche. Weitere Risiken, die möglicherweise Einfluss auf unsere zukünftigen Betriebsergebnisse haben, werden ausführlicher in unseren Einreichungen bei der US-Börsenaufsichtsbehörde SEC (Securities and Exchange Commission) beschrieben. Diese Unterlagen stehen auf www.sec.gov zur Verfügung. Es ist möglich, dass wir mitunter zusätzliche schriftliche und mündliche zukunftsgerichtete Aussagen machen, darunter Aussagen, die in den Einreichungen des Unternehmens bei der SEC sowie in unseren Aktionärsberichten enthalten sind. Wir verpflichten uns nicht, von uns oder in unserem Namen gemachte zukunftsgerichtete Aussagen zu aktualisieren.