News Article | February 15, 2017
Medic-CE, a Career Step company and provider of accredited, online continuing education for EMS and firefighting professionals, has released four new continuing education courses as part of its Code3 CME Virtual Instructor-Led Training (VILT) Solution. These new courses are taught live in an online classroom and meet the requirements of the National Continued Competency Program (NCCP), the new recertification model adopted by the National Registry of Emergency Medical Technicians (NREMT). The 8-hour, 20-hour, 25-hour and 30-hour courses are each designed to fulfill the NCCP’s national component for certifying EMRs, EMTs, AEMTs and paramedics, respectively. “Emergency responders have very busy schedules, so our goal with these new programs is to provide additional options that help providers of varying EMS roles meet their national requirements in one place,” said Judson Smith, Career Step Vice President of Continuing Education. “Given that our courses are taught live online, EMS providers can complete their refresher education from anywhere they have access to a computer, tablet or smartphone, and therefore can choose the classes that best fit their busy schedules. We are offering an innovative, convenient way for EMS providers to meet the NCCP requirements.” Each new course covers the NCCP’s specified curriculum hour requirements for refresher training on airway, respiration and ventilation, cardiovascular, trauma, medical and operations for the varying EMS roles. The live training modules in the new courses are taught by experienced EMS instructors, providing students with the convenience and flexibility of a live, online classroom they can access from anywhere when it works with their schedules. “Our Code3 CME Solution was built on the desire to offer an innovative approach to EMS continuing education,” said Laurie McBrierty, Career Step Vice President of Product Development. “We are providing refresher education that enables EMS providers to learn from the very best instructors and meet their recertification requirements no matter where they are located or what their schedules look like.” These new Code3 CME courses are accredited by the Commission on Accreditation for Pre-Hospital Continuing Education (CAPCE) and are accepted by NREMT. The NREMT’s NCCP is the accepted standard for recertification training in 33 states. Medic-CE will also continue to provide 24-hour EMT refresher and 48-hour AEMT and paramedic refresher training through its Code3 CME Solution. These courses have been updated to meet the new NCCP national requirements while providing additional continuing education hours toward the state and local NCCP components. To learn more about the Code3 CME refresher courses for emergency responders, visit Code3CME.com/course-listing. About Medic-CE Medic-CE, a Career Step company, provides accredited online continuing education for EMS and firefighting professionals. Founded in 2006, the company currently serves over 75,000 learners and 200 fire/EMS/ambulance agencies. More than 200 hours of continuing education are available through the company’s powerful learning management system. The company also offers the Code3 CME Virtual Instructor-Led Training (VILT) Solution and the option for agencies to add their own in-house continuing education and instructor-led courses to its sophisticated and robust learning platform. More information is available at Medic-CE.com or 1-844-800-2304. About Career Step Career Step is an online provider of career-focused education and professional training. The company has trained over 100,000 students for new careers, has more than 150 partnerships with colleges and universities nationwide, offers a variety of continuing education courses for healthcare professionals and has educated more than 100,000 healthcare professionals. Career Step provides training for several of the largest and most respected healthcare employers in the nation and is committed to helping students and practicing healthcare professionals alike gain the skills they need to be successful in the workplace—improving lives, advancing careers and bettering business results through education. More information can be found at http://www.careerstep.com or 1-800-246-7836.
News Article | February 27, 2017
RICHARDSON, Texas--(BUSINESS WIRE)--RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, today announced financial results for the fourth quarter and year ended December 31, 2016. “Today we announced exceptional 2016 financial performance and our agreement to acquire Lease Rent Options (LRO®)” said Steve Winn, Chairman and CEO of RealPage. “The acquisition of LRO adds over 1.5 million units to our revenue management platform expanding our repository of real-time lease transaction data used to calibrate our pricing and forecasting models. This acquisition, coupled with our recent acquisition of Axiometrics, positions RealPage as a core catalyst for increased operational yields and improved harvesting and placement of capital within the $3.0 trillion apartment industry in the U.S. We believe precision asset optimization tools are used in less than 10% of the U.S. rental housing industry and are virtually non-existent internationally.” “Our 2016 performance and recent acquisitions are significant steps towards achieving our 2020 objective of $1 billion of revenue and 30% adjusted EBITDA margin,” said Bryan Hill, CFO and Treasurer of RealPage. “Full year financial performance was strong, with total revenue growth of 22% and adjusted EBITDA margin expansion of 260 basis points. Our diligent focus on efficiency gains across the business resulted in one of the highest adjusted EBITDA margins in company history during the fourth quarter. This execution provides us confidence as we begin to integrate and realize synergies from the recent acquisitions as well as execute against our adjusted EBITDA margin expansion objective of 200 basis points per year.” The company recently announced its agreement to acquire LRO and related assets from the Rainmaker Group for $300 million. This acquisition remains subject to certain standard conditions, and is expected to close during the second quarter of 2017. For the year ended December 31, 2016, the LRO business possessed revenue and EBITDA of $35.6 million and $10 million, respectively. Integration work is expected to be completed in 2018 and RealPage expects to achieve incremental revenue and expense synergies that will be accretive to its long term revenue growth objective and adjusted EBITDA margin expansion. For more details regarding the acquisition of LRO, please reference the company’s press release dated February 27, 2017. RealPage management expects to achieve the following results during its first quarter ended March 31, 2017: RealPage management expects to achieve the following results during its calendar year ended December 31, 2017: The Company will host a conference call at 5 p.m. EST today to discuss its financial results. Participants are encouraged to listen to the presentation via a live web broadcast as well as download the Investor Presentation at www.realpage.com on the Investor Relations section. In addition, a live dial-in is available domestically at 866-807-9684 and internationally at 412-317-5415. A replay will be available at 877-344-7529 or 412-317-0088, passcode 10102086, until March 6, 2017. RealPage is a leading global provider of software and data analytics to the real estate industry. Clients use our platform to improve operating performance and increase capital returns. Founded in 1998 and headquartered in Richardson, Texas, RealPage currently serves over 11,000 clients worldwide from offices in North America, Europe and Asia. For more information about the company, visit https://www.realpage.com. This press release contains “forward-looking” statements relating to RealPage, Inc.’s financial outlook, expected, possible or assumed future results and RealPage’s long-term revenue and adjusted EBITDA margin goals. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as “expects,” “believes,” “plans,” or similar expressions and the negatives of those terms. Those forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The company may be required to revise its results upon finalizing its review of quarterly and full year results, which could cause or contribute to such differences. Additional factors that could cause or contribute to such differences include, but are not limited to, the following: (a) the possibility that general economic conditions, including leasing velocity or uncertainty, could cause information technology spending, particularly in the rental housing industry, to be reduced or purchasing decisions to be delayed; (b) an increase in insurance claims; (c) an increase in customer cancellations; (d) the inability to increase sales to existing customers and to attract new customers; (e) RealPage, Inc.’s failure to integrate LRO or other acquired businesses and any future acquisitions successfully or to achieve expected synergies; (f) the timing and success of new product introductions by RealPage, Inc. or its competitors; (g) changes in RealPage, Inc.’s pricing policies or those of its competitors; (h) legal or regulatory proceedings; (i) the inability to achieve revenue growth or to enable margin expansion; and (j) such other risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission (“SEC”) by RealPage Inc., including its Quarterly Report on Form 10-Q previously filed with the SEC on November 8, 2016. All information provided in this release is as of the date hereof and RealPage Inc. undertakes no duty to update this information except as required by law. The company reports its financial results in accordance with accounting principles generally accepted in the United States of America, or GAAP. However, the company believes that, in order to properly understand its short-term and long-term financial, operational and strategic trends, it may be helpful for investors to exclude certain non-cash or non-recurring items when used as a supplement to financial performance measures in accordance with GAAP. These non-cash or non-recurring items result from facts and circumstances that vary in both frequency and impact on continuing operations. The company also uses results of operations excluding such items to evaluate the operating performance of RealPage and compare it against prior periods, make operating decisions, determine executive compensation, and serve as a basis for long-term strategic planning. These non-GAAP financial measures provide the company with additional means to understand and evaluate the operating results and trends in its ongoing business by eliminating certain non-cash expenses and other items that RealPage believes might otherwise make comparisons of its ongoing business with prior periods more difficult, obscure trends in ongoing operations, reduce management’s ability to make useful forecasts, or obscure the ability to evaluate the effectiveness of certain business strategies and management incentive structures. In addition, the company also believes that investors and financial analysts find this information to be helpful in analyzing the company’s financial and operational performance and comparing this performance to the company’s peers and competitors. The company defines “Non-GAAP Total Revenue” as total revenue plus acquisition-related and other deferred revenue adjustments. The company believes it is useful to include deferred revenue written down for GAAP purposes under purchase accounting rules and revenue deferred due to a lack of historical experience determining the settlement of the contractual obligation in order to appropriately measure the underlying performance of its business operations in the period of activity and associated expense. Further, the company believes this measure is useful to investors as a way to evaluate the company’s ongoing performance because it provides a more accurate depiction of on demand revenue arising from our strategic acquisitions. The company defines “Adjusted Gross Profit” as gross profit, plus (1) acquisition-related and other deferred revenue adjustments, (2) depreciation, (3) amortization of intangible assets, (4) headquarters relocation costs, and (5) stock-based expense; and the company defines “Adjusted Gross Margin” as Adjusted Gross Profit as a percentage of Non-GAAP Total Revenue. The company believes that investors and financial analysts find these non-GAAP financial measures to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ability to generate income from ongoing business operations. The company defines “Adjusted EBITDA” as net income (loss), plus (1) acquisition-related and other deferred revenue adjustments, (2) depreciation, asset impairment, and the loss on disposal of assets, (3) amortization of intangible assets, (4) acquisition-related expense (income), (5) interest expense, net, (6) income tax expense (benefit), (7) litigation-related expense, (8) headquarters relocation costs, and (9) stock-based expense; and the company defines “Adjusted EBITDA Margin” as Adjusted EBITDA as a percentage Non-GAAP Total Revenue. The company believes that investors and financial analysts find these non-GAAP financial measures to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ability to generate income from ongoing business operations. The company defines “Non-GAAP Product Development Expense” as product development expense, excluding (1) asset impairment and loss on disposal of assets, (2) headquarters relocation costs, and (3) stock-based expense; and the company defines “Non-GAAP Product Development Margin” as Non-GAAP Product Development Expense as a percentage of Non-GAAP Total Revenue. The company believes that investors and financial analysts find these non-GAAP financial measures to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ongoing expenditures related to product innovation. The company defines “Non-GAAP Sales and Marketing Expense” as sales and marketing expense, excluding (1) amortization of intangible assets, (2) headquarters relocation costs, and (3) stock-based expense; and the company defines “Non-GAAP Sales and Marketing Margin” as Non-GAAP Sales and Marketing Expense as a percentage of Non-GAAP Total Revenue. The company believes that investors and financial analysts find these non-GAAP financial measures to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ongoing expenditures related to its sales and marketing strategies. The company defines “Non-GAAP General and Administrative Expense” as general and administrative expense, excluding (1) asset impairment and loss on disposal of assets, (2) acquisition-related expense (income), (3) litigation-related expense, (4) headquarters relocation costs, and (5) stock-based expense; and the company defines “Non-GAAP General and Administrative Margin” as Non-GAAP General and Administrative Expense as a percentage of Non-GAAP Total Revenue. The company believes that investors and financial analysts find these non-GAAP financial measures to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s underlying expense structure to support corporate activities and processes. The company defines “Non-GAAP Operating Expense” as operating expense, excluding (1) asset impairment and loss on disposal of assets, (2) acquisition-related expense (income), (3) litigation-related expense, (4) headquarters relocation costs, and (5) stock-based expense; and the company defines “Non-GAAP Operating Expense Margin” as Non-GAAP Operating Expense as a percentage of Non-GAAP Total Revenue. The company believes that investors and financial analysts find these non-GAAP financial measures to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s underlying expense structure to support ongoing operations. The company defines “Non-GAAP Operating Income” as operating income (loss), plus (1) acquisition-related and other deferred revenue, (2) asset impairment and loss on disposal of assets, (3) amortization of intangible assets, (4) acquisition-related expense (income), (5) litigation-related expense, (6) headquarters relocation costs, and (7) stock-based expense; and the company defines “Non-GAAP Operating Margin” as Non-GAAP Operating Income as a percentage of Non-GAAP Total Revenue. The company believes that investors and financial analysts find these non-GAAP financial measures to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ability to generate income from ongoing business operations. The company defines “Non-GAAP Net Income” as net income (loss), plus (1) income tax expense, (2) acquisition-related and other deferred revenue, (3) asset impairment and loss on disposal of assets, (4) amortization of intangible assets, (5) acquisition-related expense (income), (6) litigation-related expense, (7) headquarters relocation costs, (8) stock-based expense, and (9) provision for income tax expense based on an assumed rate in order to approximate the company’s long-term effective corporate tax rate; and the company defines “Non-GAAP Net Income per Diluted Share” as Non-GAAP Net Income divided by weighted average diluted shares outstanding. The company believes that investors and financial analysts find these non-GAAP financial measures to be useful in analyzing the company’s financial and operational performance, comparing this performance to the company’s peers and competitors, and understanding the company’s ability to generate income from ongoing business operations. The company defines “Non-GAAP On Demand Revenue” as total revenue plus acquisition-related and other deferred revenue adjustments. The company believes it is useful to include deferred revenue written down for GAAP purposes under purchase accounting rules and revenue deferred due to a lack of historical experience determining the settlement of the contractual obligation in order to appropriately measure the underlying performance of the company’s business operations in the period of activity and associated expense. Further, the company believes that investors and financial analysts find this measure to be useful in evaluating the company’s ongoing performance because it provides a more accurate depiction of on demand revenue arising from our strategic acquisitions. The company defines “Ending On Demand Units” as the number of rental housing units managed by our customers with one or more of our on demand software solutions at the end of the period. We use ending on demand units to measure the success of our strategy of increasing the number of rental housing units managed with our on demand software solutions. Property unit counts are provided to us by our customers as new sales orders are processed. Property unit counts may be adjusted periodically as information related to our customers’ properties is updated or supplemented, which could result in adjustments to the number of units previously reported. The company defines “RPU,” or Revenue Per Unit, as Non-GAAP On Demand Revenue divided by average on demand units for the same period, including pro forma adjustments for significant acquisitions and dispositions during the period. For interim periods, the calculation is performed on an annualized basis. The company calculates average on demand units as the average of the beginning and ending on demand units for each quarter in the period presented. The company monitors this metric to measure its success in increasing the number of on demand software solutions utilized by its customers to manage their rental housing units, its overall revenue and profitability. The company defines “ACV,” or Annual Client Value, as RPU multiplied by Ending On Demand Units. The company monitors this metric to measure its success in increasing the number of on demand units and the amount of software solutions utilized by its customers to manage their rental housing units. In addition, the company believes ACV provides a useful proxy for the annual run-rate value of on demand customer relationships. The company excludes or adjusts each of the items identified below from the applicable non-GAAP financial measure referenced above for the reasons set forth with respect to each excluded item:
News Article | February 23, 2017
Company Recognized for Unique Cloud-based Product Development Platform that Unites Engineering, Quality, and Operations in Creation of Innovative Connected Products FOSTER CITY, California, Feb. 23, 2017 /PRNewswire/ -- Arena Solutions, pioneer of a cloud-based all-in-one product development platform that unites PLM, ALM, supply chain collaboration and QMS, today announced that it has been awarded its second consecutive Golden Mousetrap Award from Design News. Winners were named at the annual awards ceremony held in conjunction with Pacific Design & Manufacturing event in Anaheim, Calif. on February 7, 2017. Now in its 16th year, the Golden Mousetrap Awards were created by Design News to acknowledge and recognize American people, companies, and technologies driving innovation in the industry. Arena provides a comprehensive, cloud-based product development platform that unites all engineering, quality, and operations disciplines in the creation of innovative connected products. In the Fall of 2016, the company added ALM (application lifecycle management) capabilities with Arena Verify, which provides requirements, issue, bug and hardware defect management in a holistic product development solution that offers a unique combination of PLM, ALM, supply chain collaboration and quality management (QMS). "Arena pioneered cloud-based PLM, and, over the past two years, we've rapidly increased the breadth and capabilities of our interdisciplinary solution," said Kent Killmer, vice president of marketing at Arena Solutions. "Today, we offer an all-in-one product development platform that's delivered as a service. OEMs can gain complete control over their complex bill of materials, supply chain, quality and manufacturing. This recognition from Design News comes at a time when OEMs are working to integrate IoT functionality into their products and are searching for solutions like Arena's that are powerful enough to manage the development and manufacturing of complex products, yet still easy to use, affordable and capable of shrinking time to market." For more information about Arena PLM, please visit http://www.arenasolutions.com/products/plm/ About Advanced Manufacturing Expo & Conference 2017 The Advance Manufacturing Expo & Conference is a three-day event that includes admission to ATX West, MD&M, Electronics West, Plastec West and WestPack. This year's conference offers industry-focused programs composed of technical sessions, real-world case studies and hands-on workshops that cover the trending hot topics, methodologies and tools in the manufacturing, fabrication, repair and maintenance industries. The show boasts 150+ industry experts, 2,200 exhibiting suppliers and the opportunity to network with 20,000+ peers. About Arena Solutions Arena, the inventor of cloud PLM, provides an all-in-one product development platform that unites PLM, ALM, supply chain collaboration, and QMS for the design and manufacture of complex electronics. With Arena, electrical, mechanical, software and firmware engineers can collaborate with manufacturing and quality teams to manage their bill of materials, facilitate engineering change orders, and speed prototyping. As a result, Arena customers can better meet standards while they ensure regulatory compliance, improve training management, reduce costs, increase quality, and collapse time to market. Arena has been ranked a Top 10 PLM provider and won the coveted Design News Golden Mousetrap Award in 2016 and 2017. For more information, please visit http://www.arenasolutions.com. To learn more about Arena Solutions: Read the Arena blog on product design, development and manufacturing. Follow @arenasolutions on Twitter. Follow Arena on LinkedIn. Arena and Arena Solutions are trademarks of Arena Solutions, Inc., Reg. U.S. Pat. & Tm. Off. All rights reserved. Other product and company names are the property of their respective holders.
News Article | March 2, 2017
- Final report of initial preclinical study confirms Cymerus™ MSCs have significant beneficial effects on all three key components of asthma: airway hyper-responsiveness, inflammation and airway remodelling- Additional preclinical study expected to pave the way for a potential clinical trialMELBOURNE, Australia, Mar. 2, 2017 /PRNewswire/ -- Australian stem cell and regenerative medicine company, Cynata Therapeutics Ltd (ASX: CYP), has signed an agreement with the Monash Lung Biology Network, a consortia involving researchers from the Monash Biomedicine Discovery Institute and Department of Pharmacology at Monash University, Melbourne, to conduct a further preclinical study to support the use of Cymerus™ mesenchymal stem cells (MSCs) for the treatment of asthma. Asthma is a chronic, long term lung condition recognised by the World Health Organisation as a disease of major public health importance due to its global prevalence. Patients who suffer from chronic asthma manage the disease through the use of steroid type drugs, which can have significant side effects and impact on patients' quality of life. The global market for asthma drugs is expected to reach US$25.6 billion by 2024 so this challenging disease represents a highly valuable commercial opportunity for Cynata. In October 2016, Cynata announced compelling initial data from a proof of concept study of Cymerus™ MSCs in an experimental model of asthma, which was conducted under the supervision of Associate Professor Chrishan Samuel and Dr Simon Royce at Monash University. Those initial results clearly demonstrated that Cymerus™ MSCs have a dramatic effect on improving airway hyper-responsiveness. Cynata recently received the final report of that study, which showed that Cymerus™ MSCs also consistently reduced markers of airway inflammation and airway remodelling. The preparation of a manuscript describing these findings is at an advanced stage, and it is expected to be submitted to a leading peer-reviewed journal in the near future. Leading on from these findings, and consequent to the recent capital raising, the Company will now conduct a further study in collaboration with Associate Professor Samuel's group, which will focus on the effects of Cymerus™ MSCs in combination with and in comparison to corticosteroids. This study has direct clinical relevance, as corticosteroids are the most widely used class of drugs currently used to control and/or prevent asthma exacerbations. "Our findings so far are encouraging, in particular because Cymerus™ MSCs exerted effects that had not been seen with equivalent doses of human bone marrow-derived MSCs, or other stem cells, in the same model. We are therefore very pleased to be able to continue our collaboration with Cynata," said Associate Professor Samuel. "The final report of the initial study at Monash has strengthened our confidence that Cymerus™ MSCs could exert substantial disease-modifying effects (rather than just treating the symptoms) in asthma, which is a very exciting prospect, given the large number of people who are unable to gain control of their asthma using existing drugs," said Cynata Vice President of Product Development, Dr Kilian Kelly. "We are optimistic that this accelerated program will pave the way forward for a clinical trial in asthma patients in the near future," added Dr Kelly. Cynata Therapeutics Limited (ASX: CYP) is an Australian stem cell and regenerative medicine company that is developing a therapeutic stem cell platform technology, Cymerus™, originating from the University of Wisconsin-Madison, a world leader in stem cell research. The proprietary Cymerus™ technology addresses a critical shortcoming in existing methods of production of mesenchymal stem cells (MSCs) for therapeutic use, which is the ability to achieve economic manufacture at commercial scale. Cymerus™ utilises induced pluripotent stem cells (iPSCs) to produce a particular type of MSC precursor, called a mesenchymoangioblast (MCA). The Cymerus™ platform provides a source of MSCs that is independent of donor limitations and provides an "off-the-shelf" stem cell platform for therapeutic product use, with a pharmaceutical product business model and economies of scale. This has the potential to create a new standard in the emergent arena of stem cell therapeutics and provides both a unique differentiator and an important competitive position. This message and its attachments may contain legally privileged or confidential information. It is intended solely for the named addressee. If you are not the addressee indicated in this message (or responsible for delivery of the message to the addressee), you may not copy or deliver this message or its attachments to anyone. Rather, you should permanently delete this message and its attachments and kindly notify the sender by reply e-mail. No warranty is made that the e-mail or attachment(s) are free from computer virus or other defect. If you wish to be removed from our contact list please send an email to firstname.lastname@example.org immediately. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cynata-advances-development-of-cymerustm-mscs-for-the-treatment-of-asthma-300416530.html
News Article | February 28, 2017
Silver Management Group, Inc., a leading provider of enterprise-class wealth management technology solutions, announced today the addition of Teri Manton to its expanding product team. Manton joins Silver as Director of Product Management to build upon Silver’s recent success in the digital wealth management space – particularly with its Fee Billing and Portfolio Data solutions. “I am eager to help our clients grow and efficiently operate their wealth management businesses by addressing their most profound and persistent challenges and by continuing to innovate Silver’s best-in-class technology solutions,” said Manton. Silver stands to benefit greatly from Manton’s deep industry expertise and extensive product management experience spanning numerous investment services areas. Prior to joining Silver, Manton provided tax reporting and compliance solutions for brokerage firms and trust companies as Vice President of Product Management for Broadridge Tax Services. As Executive Director of Product Development for JPMorgan Chase, she led product strategy for customer statements and portfolio & performance reporting. Manton focused on client reporting and retirement products as Director of Product Management and Development at Pershing. At Harrisdirect (formerly CSFBdirect and DLJdirect), she was Director of Product Development with responsibility for all client-facing platforms. “We are excited to welcome Teri to the Silver team as the company continues its dramatic growth,” said Jason Vogel, Senior Director of Product Strategy & Development. “Her proven track record in managing teams and building very effective investment services solutions will help us accelerate the timeline in achieving our ambitious product and sales goals.” Silver is a trusted provider of business and technology solutions for the investment services industry. The Silver team applies decades of securities industry and software development experience along with a passion for solving real-world problems to deliver cost-effective brokerage operations, cost basis reporting, and wealth management solutions for our clients. Silver's strategic partners provide complementary services, software, and market data to enhance Silver solutions. Silver's proprietary Cost Basis, Fee Billing, and Portfolio Data solutions are currently used by some of the world's most respected financial institutions to process tens of millions of investment accounts and more than $1 trillion in assets. For more information, please visit www.silvermanagement.com.
News Article | February 21, 2017
TETTNANG, Germany--(BUSINESS WIRE)--Updating and patching software is more than a convenience. It is an essential element in online security as the average computer contains a wide range of applications requiring hundreds of updates and patches each year. While some updates are automatic, many require users to search and directly download the needed updates. However, many people are annoyed by popups and unsure of the proper update regime, so they don’t update regularly –– and this puts them and their computers at risk. Given this substantial vulnerability, Avira has launched the Software Updater to enhance user security and its premium Software Updater Pro to put the entire update process on automatic pilot. Keeping computers updated is a joyless task from two primary perspectives. First, the average computer runs more than 20 various applications. It is an organizational task to keep track of what software needs to be updated, go find the updates, and download them to the end computer in a timely fashion. Second, “update fatigue” is a major issue as people are tired of the barrage of update notifications and the disruption to their daily workflow. Counting software vulnerabilities is a never-ending task. In 2016, there were 6435 new vulnerabilities in applications, browsers, mobile devices, and operating systems, according to CVE Details. This list included 1437 vulnerabilities in Mozilla’s Firebox browser, 1370 in Google’s Chrome, and 986 in Adobe’s Flash Player. While software updates may seem like an annoying morning reminder, patching vulnerabilities is key to online security. The US Computer Emergency Readiness Team has found that keeping computers updated can prevent many as 85 percent of targeted attacks. “Ensuring these are patched with the latest updates greatly reduces the number of exploitable entry points available to an attacker,” pointed out US CERT in its Alert (TA15-119A) on the Top 30 Targeted High Risk Vulnerabilities. With over 6000 vulnerabilities uncovered annually, there is an ongoing race between cybercriminals and software developers for the end computer. Cybercriminals seek to transform new vulnerabilities into a zero-day, open door for malware. Developers work to create and distribute an update that will patch the newest vulnerability. Meanwhile, the success of either side can depend on whether or not the user gets around to installing the latest update. The vast numbers of unpatched computers are clearly a huge attraction to cybercriminals. This last December, Avira identified and stopped over 26 million exploit kits on their way to users’ computer. The race is on. Software Updater Pro lets the user decide how and when to bring in the updates. “The security benefits are absolutely clear to staying fully updated. But, in our design of this updater, we worked to make the user’s day-to-day experience be just as easy and as hands-off as they want it to be,” stated Victor Mihaiu, Product Manager at Avira for Software Updater Pro. Users have a choice between fully automatic updates and one-click installations: *Fully automatic – Users makes a list of software and app updates that can be installed without their further input. Once an update is available, the updater automatically downloads and installs it without requiring additional actions from the user. *One click – Once the Software Updater Pro interface is opened, users can select specific software to be updated with a single click, no further action required. The automatic and one click updates are key features in the Avira Software Updater Pro. Smart Signal detection is available in both the premium and in the free Software Updater to help users find outdated software and navigate to the to the developer’s website with the help of our Publisher URL Database for a direct download. “Good home security practices are simple, almost automatic. With Avira Software Updater Pro, our goal has been to make it as simple as possible for people to keep their digital lives safe and in order,“ said Andreas Flach, Executive Vice President of Product Development at Avira. “Both the free and the premium Software Updater variants perfectly dovetail into our growing family of consumer products and help support our company mission of protecting people in the connected world.” Avira Software Updater and the premium Software Updater Pro can be downloaded at Avira.com and the major download sites.
News Article | February 16, 2017
Infinex Financial Group, a leading third party marketing firm and independent broker/dealer, recently announced the addition of Holger Kunst as Chief Information Officer and Rob Johnson as Vice President of Advisory Services. Since his October 2016 hire date, Kunst has overseen the final development of Infinex’s innovative new technology platform and is increasing advisor efficiencies across all lines of business. He will launch Infinex’s leading-edge technology platform this February, 2017. Johnson will be responsible for the continued development of Infinex’s advisory department and WealthSelect program, while helping to prepare advisors for the implementation of the new DOL fiduciary rule. “Both Kunst and Johnson were strategically hired early in the fourth quarter of 2016 so that Infinex could come out of the gate stronger than ever in 2017. The advancement of our technology offerings and advisory strategy are vital to our overall corporate direction and are connected initiatives that require elite leaders and collaborators,” said Stephen Amarante, Infinex’s President and CEO. “In addition to their extensive skill sets and experience, Kunst and Johnson are already a perfect fit for our company culture and team approach. They fully understand and embody Infinex’s dedication to delivering top-notch support and services to our financial institutions and their customers.” “While 2016 was a significant year of growth for Infinex’s WealthSelect program of proprietary investment models, we needed the right industry veteran in place in 2017 to further our advisory strategy, in conjunction with DOL preparations,” stated Al Dabiri, Senior Vice President and Managing Director of Infinex’s Wealth Solutions. “Johnson had the knowledge, experience and professional demeanor Infinex needed to successfully fill this important role within our organization. Since his October 2016 hire, Johnson has worked collaboratively with all departments and will continue to head everything from advisory technology platform improvements, to products, business planning, pricing and advisor training.” Kunst is a proven leader with over 20 years of experience in information technology and analytics. He most recently was the COO and CTO for Truebridge in Boston Massachusetts, as well as Managing Director of 46 Financial (an annuity wholesaling company). He will be based in Boston, MA. Johnson, an industry veteran with close to 20 years of experience in financial services, was responsible for the strategic direction of the investment product platform at Voya Financial Advisors. During his tenure at Voya Financial, he directed the Investment Research, Due Diligence and Product Development efforts, in addition to overseeing national account relationships. He will be based at the Infinex headquarters in Meriden, CT. About Infinex Financial Group Infinex is a leading provider of investment, insurance, and wealth management products and services to financial institutions and their customers. The firm, headquartered in Meriden, CT, has a unique history of being formed by banks, owned by banks, and focused on providing service to financial institutions. For more information, please visit Infinex at http://www.infinexgroup.com.
News Article | February 15, 2017
Swych, Inc., creator of the revolutionary digital gifting platform, announced today the beta release of its new bot technology for person-to-person gifting. Winner of the Most Innovative Startup at the FinovateFall 2016 event, Swych™ is a mobile first, highly secure, context aware digital gifting platform with advanced analytics. Adding another world’s first to its portfolio, Swych GiftBot™ technology uses artificial intelligence (AI) and natural language processing (NLP) to bring gifting to popular messaging and virtual assistant apps. “The paradigm for consumer interaction with brands is at the cusp of a revolution where technologies like artificial intelligence, virtual and augmented reality are gearing up to overtake traditional web- and app-based commerce. We are proud to be the first mobile gifting service to bring machine learning, AI and advanced data analytics into the fast growing digital gifting space,” said Deepak Jain, Swych chief executive officer and co-founder. Swych’s GiftBot uses strong user authentication along with an open and extensible artificial intelligence layer that enables a rich and dynamic user experience to send digital gifts to anyone in your social network. With the Swych GiftBot service, users can initiate e-gifts quickly and easily to anyone using a smartphone, desktop or tablet, from within their favorite chat, messaging or virtual assistant application. The GiftBot identifies a recipient from just a first name, automatically picking up the mobile phone number or email address for instant delivery. GiftBot then makes recommendations for the gift and allows personalization via a greeting, all from within that Facebook or Skype conversation where the idea of gift giving is top of mind, seamlessly aligning timing and intent. For enhanced security, users receive a confirmation within the Swych app to authorize and pay for the gift after the GiftBot has finished creating it from the conversation. Gifts sent through the Swych GiftBot function exactly like gifts sent directly from the Swych mobile app: all gifts received in Swych put the recipients in charge. Receiving a digital gift inside Swych is delightful, since any gift received can be swyched for any of more than one hundred retailers available within the app, ensuring a perfect gift experience every time. Each gift is accompanied by a personalized message or a picture from the sender, and the recipient can say thanks with a click. Robert P. Sabella, chief revenue officer and co-founder for Swych, added, “Most mobile usage studies show that consumers prefer to interact with friends, family and colleagues predominantly in social media apps such as Facebook Messenger, Skype, Snapchat, Instagram, Slack or WhatsApp. The use of virtual assistants like Siri, Alexa and Google Home is also growing at a very fast clip. Swych’s GiftBot platform opens the door for our gifting brand partners to take advantage of this trend and connect to their consumers in an entirely new way.” Swych has designed the GiftBot platform to be white label ready for financial institutions, enterprises and retailers. Today’s public beta release presents an avenue for the platform to interact with consumers to enhance its machine learning and brand recommendation engines, as well as and discover more ways in which a gift can be sent. Beta testing is open on both iOS and Android platforms for users of Facebook Messenger, Skype and Siri. You can learn more about GiftBot and the beta release at http://www.goswych.com/giftbot. To learn more about the Swych mobile platform, or to download the latest app, visit http://goswych.com/download/. Swych’s patent-pending mobile gifting platform enables users to send “swychable” gifts from their mobile device that can be instantly redeemed for electronic gift cards from more than 100 popular brands. Swych users can instantly buy, send, re-gift, upload, swych and redeem gift cards conveniently from their mobile device. Swych is a private company funded by seasoned angel investors from the banking, financial services, payments, gifting, telecom and enterprise computing spaces. Swych is headquartered in Plano, Texas, with offices in San Francisco, California. Swych was formed in 2015 by serial entrepreneurs Deepak Jain and Robert P. Sabella. Product Development and Operations are headed by Anu Shultes who is a well-known and highly respected gift card industry expert. Marketing is headed by Stephanie Barrueto and Product Engineering by Linda Yang. For more information please visit http://www.goswych.com. To download the award winning Swych app, click here. Follow us on Twitter @GoSwych, like us on Facebook at fb.com/goswych and follow us on Instagram at instagram.com/goswych. Siri, Skype and Messenger are trademarks for Apple, Microsoft and Facebook respectively. In order to use the Swych GiftBot on Siri, users must have iOS 10.0 or above.
News Article | February 24, 2017
SINGAPORE--(BUSINESS WIRE)--Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa”, “K&S” or the “Company”), announced today its contribution of an automatic single-head semiconductor wedge bonder to the Engineering Product Development (EPD) Pillar of the Singapore University of Technology and Design (SUTD). Wedge Bonder equipment is used in interconnect technologies in a wide range of power semiconductor packages and modules such as the automotive, industrial, renewable energy, consumer and computing markets. New applications utilizing wedge bonder equipment are emerging, and one such application is in the manufacturing of batteries for electric vehicles. A presentation ceremony was held on the same day at the SUTD campus where the equipment was on display with live wire bonding demonstration. Chan Pin Chong, Kulicke & Soffa’s Senior Vice President for AP-Hybrid, Electronics Assembly, Wedge Bonders, Capillaries and Blades Business Lines, said, “K&S believes in continuous learning as it opens doors to innovation and opportunities. As part of our corporate responsibility effort, we hope our contribution of the machine enables hands-on experience for the students, and inspires them in applying technology to real life applications.” Professor Yeo Kiat Seng, SUTD's Associate Provost for Graduate Studies and International Relations said, "SUTD appreciates Kulicke & Soffa’s generous support of the automatic semiconductor wedge bonder. This equipment will provide our students with the desired hands-on experience and skills training in chip assembly, packaging, IC design and semiconductor. SUTD’s partnership with Kulicke & Soffa will mutually benefit both parties as it will catalyze research to greater heights and value-add to the industry and Singapore economy.” Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor packaging and electronic assembly solutions supporting the global automotive, consumer, communications, computing and industrial segments. As a pioneer in the semiconductor space, K&S has provided customers with market leading packaging solutions for decades. In recent years, K&S has expanded its product offerings through strategic acquisitions and organic development, adding advanced packaging, electronics assembly, wedge bonding and a broader range of expendable tools to its core offerings. Combined with its extensive expertise in process technology and focus on development, K&S is well positioned to help customers meet the challenges of packaging and assembling the next-generation of electronic devices. (www.kns.com) About Singapore University of Technology and Design The Singapore University of Technology and Design (SUTD) is Singapore’s fourth public university, and one of the first universities in the world to incorporate the art and science of design and technology into a multi-disciplinary curriculum. Established in collaboration with the Massachusetts Institute of Technology (MIT), SUTD seeks to nurture technically-grounded leaders and innovators in engineering product development, engineering systems and design, information systems technology and design, and architecture and sustainable design, to serve societal needs. Also in collaboration with Zhejiang University (ZJU) and Singapore Management University (SMU), SUTD, a research-intensive university, is distinguished by its unique East and West academic programmes which incorporate elements of technology, entrepreneurship, management and design thinking. Graduate opportunities include an MIT-SUTD Dual Masters' Degree Programme and an SUTD PhD Programme. (www.sutd.edu.sg)
News Article | February 21, 2017
Eldorado Stone, manufacturer of the world’s most believable architectural stone veneer, introduces the Sherwood™ Fireplace from Eldorado Outdoor, a bold new design statement to complement any outdoor space with the warmth and aroma of a crackling fire. The Sherwood is fully customizable and ready to be dressed with any stone and accessories. It features a unique Isokern firebox interior, and its strong, lightweight modular structure reduces install time by nearly 50 percent. “The dynamic nature of fire is captivating for any audience, and the new Sherwood Fireplace creates a distinctly dramatic focal point for open air conversations,” said Ramsay Hawfield, Vice President of Marketing and Product Development at Eldorado Stone. “The Sherwood enhances the design of any outdoor space while adding the warmth of fire and a natural gathering place.” TWEET THIS: The fully customizable #SherwoodFireplace from @EldoradoStone boldly redefines #outdoorliving. #luxury #design http://bit.ly/1JYhfXm The Sherwood features a tiered design and ample hearth bench that allows quick and easy access to the warmth and comfort of the fire. The interior of the fireplace is Isokern, an industry leading fireplace material made from high-grade pumice extracted from a volcano in Iceland. With more than 70 years in the market, Isokern material has a reputation for durability, safety and longevity. Currently available for purchase, the new wood-burning fireplace assembles using strong, lightweight modular components that require no additional concrete footing. For more information on Eldorado Stone, please visit eldoradostone.com. About Eldorado Stone Eldorado Stone, LLC is the manufacturer of the world’s most believable architectural stone veneer and is headquartered in San Marcos, California. It is a subsidiary of Headwaters Incorporated (NYSE:HW), a world leader in creating value through innovative advancements in building products. For more than 45 years, Eldorado Stone has demonstrated an undeniable passion for creating authentic products that elevate quality and design, including architectural stone and brick veneer, natural stone veneer, fireplace surrounds, fire bowls and outdoor living products. The company currently operates manufacturing facilities in several states with regional distribution centers across the U.S. For more information and to view a gallery of beautiful installations, visit http://www.eldoradostone.com.