ActiveCampaign Announces Integration on Salesforce AppExchange

CHICAGO, Aug. 21, 2019 /PRNewswire/ — ActiveCampaign, the Customer Experience Automation company, today announced it has launched an integration on Salesforce AppExchange, empowering businesses to connect with their customers, partners and employees in new ways. By connecting ActiveCampaign and Salesforce, businesses can align and automate marketing and sales teams while improving customer experiences at scale.

(PRNewsfoto/ActiveCampaign)

Built on the Salesforce Platform, ActiveCampaign is currently available on the AppExchange at https://appexchange.salesforce.com/appxListingDetail?listingId=a0N3A00000FtRcWUAV.

When businesses connect Salesforce and ActiveCampaign, they can leverage the information they know about their customers and prospects to qualify leads, create and send personalized, automated communications, all while streamlining internal processes. This enables an enhanced internal team who can create unique customer experiences that can lead to more sales and increase the lifetime value.

“All too often, we’ve seen small businesses left behind as technology providers move up market to grow,” said Jason VandeBoom, Founder and CEO of ActiveCampaign. “We’re focused on helping small businesses create personalized experiences for every customer and prospect. By working with Salesforce Essentials and releasing an integration on AppExchange for Salesforce customers, we’re democratizing access to innovative tools for businesses to create more personal experiences that go beyond the traditional norms of marketing automation, to increase sales and customer loyalty.”

The integration on AppExchange joins the more than 250 applications businesses can connect to ActiveCampaign, giving small businesses the flexibility to select the tools they want to run and grow their business. To learn more or to get started in integrating ActiveCampaign with Salesforce, please visit: www.activecampaign.com/apps/salesforce-essentials-integration.

About Salesforce AppExchange
Salesforce AppExchange, the world’s leading enterprise cloud marketplace, empowers companies to sell, service, market and engage in entirely new ways. With more than 5,000 solutions, 6.5 million customer installs and 80,000 peer reviews, it is the most comprehensive source of cloud, mobile, social, IoT, analytics and artificial intelligence technologies for businesses.

Salesforce, AppExchange and others are among the trademarks of salesforce.com, inc.

About ActiveCampaign
Recognized as the leader in Customer Experience Automation, ActiveCampaign helps growing businesses meaningfully connect and engage with their customers. Its SaaS platform enables businesses to create optimized customer experiences by automating many behind the scenes processes and communicating with their customers across channels with personalized, intelligence-driven messages. For more information, visit www.activecampaign.com.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/activecampaign-announces-integration-on-salesforce-appexchange-300904891.html

SOURCE ActiveCampaign

Bpm’online Recognized as the Best CRM Solution for Enterprises in MarTech Breakthrough Awards

BOSTON, Aug. 21, 2019 /PRNewswire/ — Bpm’online, a global business software company leading in the space of low-code, process automation and CRM, today announced it has been named the Best CRM Solution for Enterprises in MarTech Breakthrough Awards, 2019.

The mission of the MarTech Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of marketing, sales and advertising technology-related categories. This year’s program attracted more than 2,500 nominations from over 15 different countries throughout the world.

“MarTech Breakthrough was created to analyze the crowded field of MarTech and highlight the standout solutions and companies driving innovation in this extremely competitive space,” mentioned James Johnson, managing director, MarTech Breakthrough, in the recent article. “As the MarTech sector crosses the $50 billion mark in global spending, there are certainly no signs that the rate of growth within the MarTech space is slowing, and our winners circle this year shows that the future is bright for the entire MarTech market. We extend a hearty congratulations to our fantastic set of 2019 MarTech Breakthrough Award winners.”

All award nominations were evaluated by an independent panel of experts within the MarTech industry, with the winning products and companies selected based on a variety of considerations, including innovation, design and user experience, as well as overall technological advancement for their respective categories.

“We are extremely honored that bpm’online was selected as the best CRM solution for enterprises,” said Katherine Kostereva, CEO and Managing Partner at bpm’online. “This recognition is a tribute to the hard work our team puts in to deliver top-notch solutions that orchestrate customer journeys and accelerate change for enterprises all over the world. By utilizing technology such as low-code, artificial intelligence and machine learning, business process management – bpm’online helps align marketing, sales and service on a single platform, providing organizations with all the needed tools for effective business management,” said Katherine Kostereva, CEO and Managing Partner at bpm’online.  

About bpm’online

Bpm’online is a global business software company leading in the space of low-code, business process automation and CRM. The company has been highly recognized as a market leader by key industry analysts. Its intelligent platform accelerates sales, marketing, service and operations for thousands of customers and hundreds of partners worldwide. The mission of bpm’online is to help companies ACCELERATE!

For more information, please visit www.bpmonline.com

About MarTech

Part of the Tech Breakthrough Awards organization, the MarTech Breakthrough Awards program is devoted to honoring excellence in marketing, ad and sales technology companies, products and people. The MarTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough marketing technology companies and products in categories including marketing automation, AdTech, SalesTech, marketing analytics, CRM, content and social marketing, website, SEM, mobile marketing and more.

For more information, please visit martechbreakthrough.com

Media Contact:
Vera Mayuk
617.765.7997
220275@email4pr.com

Cision View original content:http://www.prnewswire.com/news-releases/bpmonline-recognized-as-the-best-crm-solution-for-enterprises-in-martech-breakthrough-awards-300904528.html

SOURCE bpm’online.com

Ideanomics appoints Mr. Steven Fadem to its Board of Directors

NEW YORK, Aug. 21, 2019 /PRNewswire/ — Ideanomics Inc. (Nasdaq: IDEX) has today announced Mr. Steven Fadem has been appointed to its Board of Directors effective immediately. Mr. Fadem will hold this position until the Company’s next annual meeting of stockholders. Mr. Fadem replaces Mr. Jin Shi, who recently stepped down after serving on the board for a number of years.

Ideanomics (PRNewsfoto/Ideanomics)

“We are very pleased to welcome Mr. Fadem to our Board of Directors. Steve is a seasoned leader with the experience and acumen necessary for helping the company create shareholder value”, said Mr. Alf Poor, CEO of Ideanomics. “In addition to Steve’s operational, accounting, and legal expertise he has also overseen cutting-edge technology companies through turn around and product pivot situations – resulting in profit, growth, and acquisition. This type of experience is invaluable to Ideanomics in the coming years, as we look to enter a period of sustained profitability and growth.”

“I am extremely excited to be part of this dynamic team which is building a 21st-century market platform utilizing cutting-edge technologies and sophisticated approaches to the debt markets,” said Mr. Steven Fadem, Director of Ideanomics.

Mr. Steven Fadem is an innovative executive and thought leader with substantial experience building media, entertainment, technology, information services, big data and cybersecurity companies with experience in the digital transformation of traditional businesses. Mr. Fadem has successfully launched start-ups; turned-around and revitalized complex corporate businesses and created long-term-value for professional services organizations. Steven Fadem was the Chairman of Global Data Sentinel, a cybersecurity firm he co-founded in 2014. In his capacity as Chairman, he has led the company’s strategic development and capital formation. Previously, Mr. Fadem ran several private equity-backed companies in the media, energy and financial services areas; the business side of a top-five Am Law firm, Kirkland & Ellis; and a major financial services firm, Geller & Co. which, among other things, possesses a major multifamily office servicing the ultra-high net worth community and is the outsourced CFO for Bloomberg L.P. Mr. Fadem received his JD from Emory University of Law and a B.S. in Economics, Finance, and Political Science from University of Pennsylvania – The Wharton School. 

About Ideanomics
Ideanomics is a global Financial Technology (Fintech) company for transformative industries. Ideanomics combines deal origination and enablement with the application of technologies such as artificial intelligence, blockchain, and others as part of the next- generation of smart financial services. Our projects in New Energy Vehicle markets, Fintech, and advisory services provides our customers and partners better efficiencies, technologies, and access to global markets.

Ideanomics, through its investments and, along with its partners curate innovation around the globe through hubs and centers that foster a pipeline of technological excellence in cleantech, fintech, tradetech, agritech, regtech, insuretech, playtech, healthtech, cyber security, and more.

The company is headquartered in New York, NY, and has offices in Beijing, China. It also has a planned global center for Technology and Innovation in West Hartford, CT, named Fintech Village.

Safe Harbor Statement
This press release contains certain statements that may include “forward looking statements”. All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov.. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Investor Relations and Media Contact
Tony Sklar, VP of Communications at Ideanomics
55 Broadway, 19th Floor New York, New York 10006
Email: ir@ideanomics.com
www.ideanomics.com
 
Tel: +1.212.206.1216

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/ideanomics-appoints-mr-steven-fadem-to-its-board-of-directors-300904886.html

SOURCE Ideanomics

Teachers Credit Union Launches Conversational Banking Powered by Industry Leading Conversational AI Platform From Senseforth.ai

PALO ALTO, Calif., Aug. 21, 2019 /PRNewswire-PRWeb/ — Teachers Credit Union is rolling out a new service for its members called “Alice” to help improve their digital experience by answering questions and finding accurate banking information 24 hours per day, seven days a week. The “Alice” service is powered by the Conversational AI platform from Senseforth.ai.

The new digital assistant or chatbot, named Alice, is one more way TCU is working to enhance the online service experience for its members. Alice — available by clicking the icon at the bottom of any TCU webpage — can answer a wide variety of questions about TCU accounts and services. “Providing services that meets members where they are is a priority for TCU,” said Dan Rousseve, Senior Vice President and Chief Information Officer. “Alice offers the kind of effective assistance and efficient access to information that people have come to expect online.”

The launch of Alice is part of a strategic initiative to service customers, with a seamless near-human experience, across digital channels. Ask TCU is powered by A.Ware, an industry leading Conversational AI platform from Senseforth.ai. Atando Technologies, designed and implemented the service and provides ongoing enhancements and support.

“We are excited to partner with TCU and provide conversational banking service that will delight customers. Our mission at Senseforth.ai is to provide a Conversational AI platform that works across any voice & text channel and provides a personalized, real time experience for customers for all their banking needs. With our industry leading platform, A.ware, we are ushering in a new age in digital banking experience,” said Shridhar Marri, Co-founder & CEO of Senseforth.ai

The A.Ware platform from Senseforth.ai uses supervised machine learning so the “Ask TCU” service is always learning and improving and will connect members to a live TCU chat agent if they prefer or when the AI-powered service detects a more complex need better suited for an agent.

About Senseforth.ai
Senseforth.AI is a leader in Conversational AI for enterprises. It is a human like conversation platform powered by Artificial Intelligence. Senseforth mimics human cognitive abilities in reading, listening, comprehending, interpreting and conversing. This ability combined with several actionization modules creates intelligent bots for your business so that you can respond to customers in an automated, real-time and contextual way. The Platform also offers a Hybrid Chat model where a live agent can converse with user in the same interface. Senseforth. AI has built industry specific models for key industries with thousands of intents and entities. The platform is available in the cloud or on-premise and comes with ready connectors to connect to a range of IT systems.

Website: http://www.senseforth.ai
Twitter: @senseforth
Linkedin: https://in.linkedin.com/company/senseforth
Facebook: https://www.facebook.com/senseforth

 

SOURCE Senseforth.ai

The Personalization & CDP Summit 2019 to Explore ‘Connecting in the Age of Machine Learning’

SOMERVILLE, Mass., Aug. 21, 2019 /PRNewswire/ — Evergage, The 1-to-1 Platform company, today announced the agenda for The Personalization & CDP Summit 2019, to be held Sept. 18-20, at the Boston Convention & Exhibition Center. This sixth annual event will explore the theme of “Connecting in the Age of Machine Learning” – featuring keynotes, case studies, panel discussions, exclusive workshops and more to help attendees synthesize and activate their data to deliver 1-to-1 personalized experiences.

Evergage (PRNewsFoto/Evergage)

“Organizations today have vast – and ever-growing – quantities of customer data. They’re seeking to tap into that data in a way that brings value to their company and, importantly, to each customer,” said Karl Wirth, Evergage CEO and author of the award-winning book One-to-One Personalization in the Age of Machine Learning. “We look forward to exploring how to harness all that information – applying artificial intelligence and its subset, machine learning, to elevate the customer experience and create relevant cross-channel interactions that drive loyalty, engagement and conversions.”

This premier industry event will bring together more than 300 marketing, e-commerce, customer experience, product management, data analysis and software development professionals. They’ll hear from luminaries and leaders across the retail, technology, financial services, insurance, media, travel and other industries with strategies, techniques and real-world stories on implementing and applying personalization and customer data platform (CDP) technology.

Additional event information includes:

Title: The Personalization & CDP Summit 2019: Connecting in the Age of Machine Learning

When:

  • Sept. 18 – Opening reception
  • Sept. 19 – Keynotes, panels, breakout sessions, networking reception
  • Sept. 20 – Product workshops, breakout sessions, closing reception

Where: The Boston Convention & Exhibition Center, 415 Summer Street, Boston, MA

Keynote Speakers:

  • Abhishek Dalmia, managing director and partner, Boston Consulting Group (BCG)
  • Sheryl Kingstone, research vice president for customer experience and commerce, 451 Research
  • Karl Wirth, CEO and co-founder, Evergage

Additional Speakers: from Abercrombie & Fitch, Buildium, Carhartt, CIEE, Citrix, Evariant, Exact, Imprivata, Matalan, Quick Base, UMB Bank, Vision Retailing and more

More Event Highlights:

  • Content and keynotes on the state, value and future of CDPs, and their intersection and increased convergence with personalization engines
  • Panel discussions and case studies, with actionable takeaways from real CDP and personalization implementations
  • Breakout tracks for B2B and B2C strategists and practitioners, with sessions including “Converting and Connecting with Prospects on the B2B Marketing Site,” “Capitalizing on Shopper Data and the CDP to Deliver Exceptional Retail Experiences” and more
  • A look at Evergage’s platform roadmap – including exciting, upcoming features, capabilities and priorities – and Evergage product news
  • Networking and cocktail receptions

Full Agenda: https://events.evergage.com/summit2019/Agenda 

Register: https://events.evergage.com/summit2019 

Customer feedback from the 2018 Summit includes:

“The Personalization Summit 2018 ended up to be another reminder about why great conferences can make a big difference throughout the year,” said Dennis White, web business analyst, Citrix. “Everyone I met reinforced that we’re all in this together, at about the same place, and that we’re turning personalization from an emerging technology into a standard digital marketing discipline.” (See a blog post from White with more event takeaways.)

A 1.5-minute promotional video, including footage from the 2018 Summit, is available here.

Evergage’s Summit comes on the heels of other news for the company. Last month, Evergage was named a Leader in Gartner’s Magic Quadrant for Personalization Engines1, positioned the highest overall for ability to execute. Earlier this year, Evergage earned a gold Stevie® Award in The American Business Awards® for improving personalization with artificial intelligence (AI). The company was also named Best CDP in the inaugural MarTech Breakthrough Awards.

For more information on The Personalization & CDP Summit, please visit https://events.evergage.com/summit2019.

1 Gartner, Inc., Magic Quadrant for Personalization Engines, Jennifer Polk, Martha Mathers and Jason McNellis, July 3, 2019.

Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Evergage
Only Evergage’s real-time personalization and customer data platform (CDP) delivers The Power of 1, enabling companies to transform the dream of 1-to-1 engagement, across channels, into reality. Combining in-depth behavioral analytics and advanced machine learning with data from existing sources, Evergage provides the one solution you need to build a single, comprehensive view of each one of your customers and prospects and activate that data to deliver maximally relevant, individualized experiences – “in the moment,” across touchpoints and at scale. Evergage’s powerful and flexible cloud-based platform delivers personalization to billions of customers and visitors of hundreds of leading organizations across industries, including Carhartt, Citrix, Endurance International Group, Lenovo, Publishers Clearing House and Zumiez. Evergage is a five-time winner in the Stevie American Business Awards, four-time winner in the Golden Bridge Awards, three-time winner in the Best in Biz Awards and two-time CODiE Award winner. For more information, visit http://evergage.com or contact the company at info@evergage.com or 1-888-310-0589.

Media Contact:
Katie Sweet
Email: press@evergage.com
Phone: 1-888-310-0589

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/the-personalization–cdp-summit-2019-to-explore-connecting-in-the-age-of-machine-learning-300904502.html

SOURCE Evergage

JF Healthcare’s AI Technology Is First to Beat Radiologists in Stanford Chest X-ray Diagnostic Competition

CONCORD, Mass., Aug. 21, 2019 /PRNewswire/ — JF Healthcare, a medical diagnostic start-up based in Nanchang, China, is the first organization in the world to beat Stanford University radiologists in a competition designed by the Stanford Machine Learning group to compare the capability of artificial intelligence (AI) to human experts in interpreting chest x-rays.

The AI team from JF Healthcare recently achieved an average AUC score (a measure of diagnostic accuracy) of 0.926 and is currently ranked No. 1 in the world on Stanford’s CheXpert leaderboard. Significantly, the JF team outperforms all three Stanford radiologists on the test set, demonstrating the role that AI can play in providing precise medical diagnostics, especially in underserved areas of the world, with profound implications for the treatment of lung cancer, tuberculosis and other diseases of the thorax.

JF Healthcare was founded in 2015 by Frank Wu, who led the healthcare division of Siemens in Northeast Asia for more than 20 years. Through its cloud-based platform, JF offers remote diagnostic services, focusing on chest x-rays, for rural township hospitals in China where certified radiologists are often not available.  Its mobile screening truck is expected to screen more than ten provinces in China for tuberculosis by the end of 2019, offering a half-million people the possibility of early detection while preventing the spread of disease to broader populations.

The company recently closed its first major financing round led by Concord, Massachusetts-based GreyBird Ventures, a boutique private investment firm that focuses on diagnostic technology.

“JF Healthcare has multiple advantages that allowed this small company from a mid-tier Chinese city to achieve this remarkable success,” said Tom Miller, Founder and Managing Partner of GreyBird Ventures. “But the key factor is that JF has its own team of radiologists that work closely with AI engineers to review thousands of x-ray annotations every week.  Adding human continuous learning to machine learning is an enormous advantage.  The fact that they are leveraging this benefit for a poor underserved population is a wonderful bonus.”

JF plans to develop a chest x-ray screening product to simultaneously screen for tuberculosis, lung cancer and pneumonia, covering the major thorax diseases based on more than 300,000 chest x-ray images with curated radiology reports collected from approximately 1,000 township hospitals. The team is hoping to fully leverage the clinical value of chest x-rays through AI and deliver it to the massive township hospital patient population in China where radiologists are most needed.

“The goal is to be better than the best human in making diagnoses and deliver low cost care with a level of quality that is equivalent to the best hospitals in the world. To do that, the secret is not math; it’s a huge volume of well-curated data,” said Wu, JF Healthcare’s Founder and CEO. “There are 3 billion people in the world without access to quality healthcare. The first step in remedying this problem is providing extremely accurate diagnostics, which is at the core of our strategy and mission.”

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/jf-healthcares-ai-technology-is-first-to-beat-radiologists-in-stanford-chest-x-ray-diagnostic-competition-300904816.html

SOURCE JF Healthcare

Capella Space Partners with SpaceNet® to Expand Access to SAR Data

SAN FRANCISCO, Aug. 21, 2019 /PRNewswire/ — Capella Space, an information services company that provides on-demand Earth observation imagery, today announced its partnership with SpaceNet®, a nonprofit organization dedicated to accelerating open source, artificial intelligence (AI) applied research for geospatial applications. Capella joins the collaborative SpaceNet partnership alongside In-Q-Tel’s (IQT) CosmiQ Works, Maxar Technologies, Intel AI and Amazon Web Services (AWS). Capella’s addition to the partnership presents an exciting opportunity to expand SpaceNet’s existing geospatial open source research to a new data type, Synthetic Aperture Radar (SAR). Opening access to this data will help broaden the use of high-quality SAR in a variety of geospatial analytic applications. 

Capella Logo (PRNewsfoto/Capella Space)

“SAR promises substantial value for a wide variety of geospatial applications because, unlike satellite imagery, it is not limited by weather or lighting conditions. Furthermore, SAR phase data can offer additional insights into a particular location such as land subsidence,” said Ryan Lewis, Senior Vice President at IQT and General Manager of SpaceNet. “Capella’s contribution of an open-source, high-resolution SAR data set is an important next step for SpaceNet, and we are excited to see how participants use this data for machine learning models in an upcoming challenge.”

There is tremendous potential in applying machine learning to SAR data for a range of applications, from natural disaster response to monitoring global supply chain activity, but the industry still faces significant barriers to adoption. Developers and data scientists lack open data and software tools. Capella seeks to help overcome these obstacles through its partnership with SpaceNet and the development of a new SAR user community.

“Traditionally, this type of high-resolution SAR data has only been used by governments for defense applications and has not been easy to access. By opening access to this type of data and lowering barriers to adoption, we aim to foster broad and rapid advances in commerce, conservation and well-being across many industries,” said Andrew Ulmer, Vice President of Business Development at Capella Space. “We encourage industry leaders, academics and NGOs to experiment with the data, as it’s our collective imagination that will unlock the most value and transform how we live.”

The Capella User Community will broaden the adoption of high-resolution SAR data to solve a range of global issues. Data scientists and software engineers will have access to free and open Capella data along with tools and techniques to work more easily with SAR data. The company invites academics, non-government organizations (NGOs), governments, and companies to join Capella’s User Community at capellaspace.com/community.

About Capella Space
Capella Space is an information services company that provides on-demand Earth observation imagery. Through a constellation of small satellites, Capella is providing easy access to frequent, timely and flexible information affecting dozens of industries worldwide. Capella’s high-resolution synthetic aperture radar (SAR) satellites are matched with unparalleled infrastructure to deliver reliable global insights that sharpen our understanding of the changing world – improving decisions about commerce, conservation and well-being on Earth. Learn more at capellaspace.com.

About SpaceNet
SpaceNet is a nonprofit organization dedicated to accelerating applied research in geospatial machine learning by developing and providing publicly available commercial satellite imagery and labeled training data, as well as open sourcing computer vision algorithms and tools. Designed to lower the barrier to entry for developers, researchers and startups to access high-quality geospatial data, SpaceNet focuses on four key open source pillars: data, tools, challenge, and algorithms. SpaceNet is a collaborative initiative between CosmiQ Works, Maxar, Intel AI, Amazon Web Services, and Capella Space. Learn more at spacenet.ai.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/capella-space-partners-with-spacenet-to-expand-access-to-sar-data-300904874.html

SOURCE Capella Space

TechSee and Comdata Announce Massive Enhancements to Point of Sale Service Performance

NEW YORK, Aug. 21, 2019 /PRNewswire/ — TechSee, the category leader in Intelligent Visual Assistance, and Comdata Inc., a world leader in payment innovation, have uncovered new data demonstrating huge operational enhancements to Comdata’s service delivery for point of sale (POS) systems.

Average handle time (AHT) has been cut by 20 percent, customer satisfaction is up 20 points and escalations due to non-resolution of issues have been significantly reduced, as explained in this video testimonial.

Comdata is responsible for POS systems distributed across the US – many located at truck stops – and offers round-the-clock support services to its merchants to streamline transactions, aid regulatory compliance and reduce fraud. Given Comdata’s complex hardware and software, and the varying degrees of technical aptitude among site managers and cashiers, remotely troubleshooting system issues was traditionally lacking in efficiency.

To deliver faster, more consistent service, Comdata turned to TechSee’s Visual Assistance solution. The technology enables a merchant to initiate a live video stream with a simple screen tap and use their smartphone camera to show an agent exactly what they see. This enables the agent to isolate the issue more quickly and accurately and use Augmented Reality tools to provide precise step-by-step on-screen guidance.

“When a point of sale device at a truck stop goes down, customers want that system back online quickly, and they don’t want to keep truckers waiting,” said Pat O’Donnell, EVP/General Manager Merchant Teams at Comdata. “We immediately saw that Visual Assistance would give us the ability to isolate issues faster and more accurately.”

The deployment of TechSee’s Visual Assistance solution took less than 1 month. Service associates rapidly embraced the easy-to-use technology, which has become a powerful tool that allows them to achieve tangible results.

“We knew Visual Assistance could help Comdata reduce the amount of time it took merchants with POS challenges to get their systems back up and running,” said John Johnson, VP Channel Sales-North America at TechSee. “When agents can see exactly what is wrong, they are far better equipped to help fix the issue. Comdata has empowered its service associates to deliver better and faster POS support, merchants are more satisfied, and truck drivers can be better assured of meeting their deadlines.”

About Comdata

Comdata Inc., a FLEETCOR company, is a leading provider of innovative payment and operating technology that drives actionable insights from spending data, builds enhanced controls and positively impacts its clients’ bottom lines. The company partners with more than 30,000 businesses to better manage $55B in annual fleet, corporate purchasing, payroll and healthcare spending, making it one of the largest fuel card issuers and the second largest commercial MasterCard provider in the United States and Canada. Founded in 1969 and headquartered in Brentwood, Tennessee, Comdata employs more than 1,300 professionals across North America. To learn more about Comdata, Inc., visit www.comdata.com.

About TechSee: 

TechSee is global leader in Visual Assistance technologies, revolutionizing the customer service domain with the first intelligent visual engagement solution powered by Computer Vision and Augmented Reality. TechSee empowers teams across the globe to execute visual, interactive remote diagnoses and resolutions of issues. The company is led by industry veterans with years of experience in mobile technologies, Artificial Intelligence and big data. TechSee is headquartered in Tel Aviv with offices in New York and Madrid.

Contact:
Liad Churchill
VP Marketing TechSee
Churchill@techsee.me  

 

 

 

 

Cision View original content:http://www.prnewswire.com/news-releases/techsee-and-comdata-announce-massive-enhancements-to-point-of-sale-service-performance-300904972.html

SOURCE TechSee

Pure Storage Announces Second Quarter Fiscal 2020 Financial Results

MOUNTAIN VIEW, Calif., Aug. 21, 2019 /PRNewswire/ — Pure Storage (NYSE: PSTG), the data solutions leader that helps innovators build a better world with data, today announced financial results for its second quarter ended July 31, 2019.

www.purestorage.com (PRNewsFoto/Pure Storage) (PRNewsfoto/Pure Storage)

“Our significant growth this quarter and continued market share gains are the result of creating a modern data experience for our customers,” said Charles Giancarlo, Chairman and CEO, Pure Storage. “Pure frees enterprises to leverage their data rather than locking it away.”

Key Financial Highlights:

  • Revenue: $396.3 million, up 28% Year-over-Year
  • Gross margin: GAAP 67.7%; non-GAAP 69.4%
  • Operating margin: GAAP -16.4%; non-GAAP -0.8%

Recent Company Highlights:

Pure’s second quarter yielded strong momentum as customers are selecting Pure’s modern approach that enables organizations to better utilize all data today and for the future direction of their hybrid IT environment.

  • Customer Traction: Added more than 450 new customers in Q2, the highest number in any Q2 of our history.
  • Technology Momentum: The subscription-based Cloud Block Store beta as part of Pure Cloud Data Services, is oversubscribed and early customer feedback has been overwhelmingly positive.
  • Repurchase Program: Pure’s board of directors authorized a $150 million share buy-back program.

“Pure’s strong growth in Q2 has separated us from the legacy vendors,” said Tim Riitters, CFO, Pure Storage. “Our fundamentals remain strong, and our innovative product cycle is helping customers leverage their data in a powerful way.”

Organizational Update

Chief Financial Officer Tim Riitters will be departing the company this year after a successful five-year tenure. Riitters will remain on into the Fall as the company undergoes the search for a replacement CFO. Riitters first joined Pure in August 2014, assuming leadership of the company’s worldwide financial and accounting operations. In that time, he has helped drive an increase in revenue of nearly 10x, while also helping the company achieve profitability.

“Tim has been an integral part of the Pure Storage leadership team for the last five years. As our CFO, the success of his tenure is in the numbers and the numbers speak for themselves,” said Giancarlo. “Everyone at Pure has the utmost respect for what Tim has accomplished and we wish him well.”

Second Quarter Fiscal 2020 Financial Highlights

The following tables summarize our consolidated financial results for the fiscal quarters ended July 31, 2019 and 2018 (in millions except percentages, per share amounts and headcount, unaudited):

GAAP Quarterly Financial Information

Three Months Ended
July 31, 2019

Three Months Ended
July 31, 2018

Y/Y Change

Revenue

$ 396.3

$ 308.9

28 %

Gross Margin

67.7 %

66.7 %

1.0 ppts

Product Gross Margin

69.1 %

67.5 %

1.6 ppts

Support Subscription Gross Margin

63.5 %

63.9 %

-0.4 ppts

Operating Loss

$ (64.9)

$ (55.2)

$ (9.7)

Operating Margin

-16.4 %

-17.9 %

1.5 ppts

Net Loss

$ (66.0)

$ (60.1)

$ (5.9)

Net Loss per Share – Basic and Diluted

$ (0.26)

$ (0.26)

Weighted-Average Shares

251.3

229.4

21.9

Headcount

>3,300

>2,450

~850

Non-GAAP Quarterly Financial Information

Three Months Ended
July 31, 2019

Three Months Ended
July 31, 2018

Y/Y Change

Gross Margin

69.4 %

68.0 %

1.4 ppts

Product Gross Margin

70.0 %

67.9 %

2.1 ppts

Support Subscription Gross Margin

67.4 %

68.4 %

-1.0 ppts

Operating Income (Loss)

$ (3.2)

$ 0.9

$ (4.1)

Operating Margin

-0.8 %

0.3 %

-1.1 ppts

Net Income

$ 2.5

$ 2.4

$ 0.1

Net Income per Share

$ 0.01

$ 0.01

Weighted-Average Shares

270.8

262.6

8.2

A reconciliation between GAAP and non-GAAP information is provided at the end of this release.

Financial Outlook

Third quarter fiscal 2020 guidance:

  • Revenue in the range of $434 million to $446 million, or $440 million at the midpoint
  • Non-GAAP gross margin in the range of 66.0% to 69.0%, or 67.5% at the midpoint
  • Non-GAAP operating margin in the range of 3.0% to 7.0%, or 5.0% at the midpoint

Full year fiscal 2020 guidance:

  • Revenue in the range of $1.645 billion to $1.715 billion, or $1.680 billion at the midpoint
  • Non-GAAP gross margin in the range of 67.0% to 69.0%, or 68.0% at the midpoint
  • Non-GAAP operating margin in the range of 2.25% to 4.75%, or 3.5% at the midpoint

All forward-looking non-GAAP financial measures contained in this section titled “Financial Outlook” exclude stock-based compensation expense, payroll tax expense related to stock-based activities, amortization of debt discount and debt issuance costs, amortization of intangible assets acquired from acquisitions, any applicable anti-dilutive share count impact of our convertible debt hedge agreements and, as applicable, other special items. We have not reconciled guidance for non-GAAP gross margin and non-GAAP operating margin to their most directly comparable GAAP measures because the items that impact these measures are not within our control and/or cannot be reasonably predicted. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measures is not available without unreasonable effort.

Share Repurchase Authorization

Pure’s board of directors has authorized a $150 million stock repurchase program. This authorization allows the company to repurchase shares of its common stock opportunistically and will be funded from working capital. Repurchases may be made at management’s discretion from time to time on the open market, through privately negotiated transactions, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The authorization for share repurchases is effective immediately, with no end date. The repurchase program does not obligate Pure to acquire any of its common stock, and may be suspended or discontinued by the company at any time without prior notice.

Conference Call Information

Pure will host a teleconference to discuss the second quarter fiscal 2020 results at 2:00 p.m. (PT) on August 21, 2019. Pure will post its supplemental earnings presentation to the Investor Relations website at investor.purestorage.com following the conference call.

Teleconference details are as follows:

  • To Listen via Telephone: (866) 393-4306 or (734) 385-2616 (for international callers) with passcode 7071658.
  • To Listen via the Internet: A live and replay audio broadcast of the conference call with corresponding slides will be available at investor.purestorage.com.
  • Replay: A telephone playback of this conference call is scheduled to be available two hours after the call ends on Wednesday, August 21, 2019, through September 4, 2019. The replay will be accessible by calling (855) 859-2056 or (404) 537-3406 (for international callers), with conference ID 7071658.

Upcoming Events

In conjunction with Pure’s customer conference, Pure//Accelerate 2019 being held in Austin, Texas, Pure will be hosting an Investor Session on September 17th at 1 p.m. (CT). This event will be webcast and all information will be available on the Investor Relations website at investor.purestorage.com.

About Pure Storage

Pure Storage (NYSE: PSTG) helps innovators build a better world with data. Pure’s data solutions enable SaaS companies, cloud service providers, and enterprise and public sector customers to deliver real-time, secure data to power their mission-critical production, DevOps, and modern analytics environments in a multi-cloud environment. One of the fastest growing enterprise IT companies in history, Pure Storage enables customers to quickly adopt next-generation technologies, including artificial intelligence and machine learning, to help maximize the value of their data for competitive advantage. And with a certified NPS customer satisfaction score in the top one percent of B2B companies, Pure’s ever-expanding list of customers are among the happiest in the world.

Pure Storage, DirectFlash, Evergreen, FlashBlade, FlashStack, ObjectEngine and the “P” Logo mark are trademarks of Pure Storage, Inc. All other trademarks or names referenced in this document are the property of their respective owners.

Forward Looking Statements

This press release contains forward-looking statements regarding our products, business and operations, including our outlook for the third quarter and full year fiscal 2020, our momentum, growth prospects and expectations regarding product and technology differentiation, including our new products and innovative product cycle, and statements regarding our products, business, operations and results, including our plans with respect to our share repurchase authorization and possibility that share repurchases may be suspended or discontinued. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions “Risk Factors” and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.purestorage.com and on the SEC website at www.sec.gov. Additional information is also set forth in our Annual Report on Form 10-K for the year ended January 31, 2019. All information provided in this release and in the attachments is as of August 21, 2019, and we undertake no duty to update this information unless required by law.

Non-GAAP Financial Measures

To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, free cash flow, free cash flow as a percentage of revenue, free cash flow without ESPP impact, and free cash flow without ESPP impact as a percentage of revenue.

We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures such as stock-based compensation expense, amortization of debt discount and debt issuance costs, and amortization of intangible assets acquired from acquisitions that may not be indicative of our ongoing core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for, our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.

For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned “Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures” and “Reconciliation from net cash provided by operating activities to free cash flow and free cash flow without ESPP impact,” included at the end of this release.

PURE STORAGE, INC.

Condensed Consolidated Balance Sheets

(in thousands, unaudited)

As of
July 31, 2019

As of
January 31, 2019

Assets

Current assets:

Cash and cash equivalents

$

268,938

$

447,990

Marketable securities

913,521

749,482

Accounts receivable, net of allowance of $614 and $660

352,617

378,729

Inventory

35,820

44,687

Deferred commissions, current

31,273

29,244

Prepaid expenses and other current assets

47,776

51,695

Total current assets

1,649,945

1,701,827

Property and equipment, net

131,048

125,353

Operating lease right-of-use-assets

114,339

Deferred commissions, non-current

87,295

85,729

Intangible assets, net

63,659

20,118

Goodwill

36,420

10,997

Deferred income taxes, non-current

939

1,060

Restricted cash

15,425

15,823

Other assets, non-current

16,904

12,118

Total assets

$

2,115,974

$

1,973,025

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable

$

64,582

$

103,462

Accrued compensation and benefits

70,753

99,910

Accrued expenses and other liabilities

44,690

39,860

Operating lease liabilities, current

26,005

Deferred revenue, current

308,523

266,584

Total current liabilities

514,553

509,816

Convertible senior notes, net

463,118

449,828

Operating lease liabilities, non-current

94,941

Deferred revenue, non-current

298,740

269,336

Deferred tax liabilities, non-current

5,697

Other liabilities, non-current

1,386

6,265

Total liabilities

1,378,435

1,235,245

Stockholders’ equity:

Common stock and additional paid-in capital

1,982,433

1,820,067

Accumulated other comprehensive income (loss)

3,409

(338)

Accumulated deficit

(1,248,303)

(1,081,949)

Total stockholders’ equity

737,539

737,780

Total liabilities and stockholders’ equity

$

2,115,974

$

1,973,025

 

PURE STORAGE, INC.

Condensed Consolidated Statements of Operations

(in thousands, except per share data, unaudited)

Three Months Ended July 31,

Six Months Ended July 31,

2019

2018

2019

2018

Revenue:

Product

$

300,128

$

241,137

$

538,869

$

436,586

Support subscription

96,199

67,747

184,158

128,243

Total revenue

396,327

308,884

723,027

564,829

Cost of revenue:

Product (1)

92,870

78,262

169,462

144,682

Support subscription(1)

35,138

24,457

68,859

47,667

Total cost of revenue

128,008

102,719

238,321

192,349

Gross profit

268,319

206,165

484,706

372,480

Operating expenses:

Research and development (1)

107,020

84,031

212,095

162,523

Sales and marketing (1)

186,188

143,749

352,814

266,116

General and administrative (1)

40,016

33,591

82,126

60,921

Total operating expenses

333,224

261,371

647,035

489,560

Loss from operations

(64,905)

(55,206)

(162,329)

(117,080)

Other income (expense), net

(652)

(4,032)

(2,468)

(5,031)

Loss before provision for income taxes

(65,557)

(59,238)

(164,797)

(122,111)

Income tax provision

461

885

1,557

2,316

Net loss

$

(66,018)

$

(60,123)

$

(166,354)

$

(124,427)

Net loss per share attributable to common stockholders, basic and diluted

$

(0.26)

$

(0.26)

$

(0.67)

$

(0.55)

Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted

251,298

229,359

248,366

226,609

(1) Includes stock-based compensation expense as follows:

Cost of revenue — product

$

954

$

720

$

1,931

$

1,328

Cost of revenue — support subscription

3,633

2,929

7,584

5,613

Research and development

29,108

22,232

57,353

43,322

Sales and marketing

16,055

17,269

34,369

31,209

General and administrative

8,654

10,504

19,324

16,137

Total stock-based compensation expense

$

58,404

$

53,654

$

120,561

$

97,609

 

PURE STORAGE, INC.

Condensed Consolidated Statements of Cash Flows

(in thousands, unaudited)

Three Months Ended July 31,

Six Months Ended July 31,

2019

2018

2019

2018

Cash flows from operating activities

Net loss

$

(66,018)

$

(60,123)

$

(166,354)

$

(124,427)

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

22,531

17,173

43,591

33,590

Amortization of debt discount and debt issuance costs

6,800

6,434

13,290

7,889

Stock-based compensation expense

58,404

53,654

120,561

97,609

Other

1,138

(70)

327

82

Changes in operating assets and liabilities, net of effects of acquisition:

Accounts receivable, net

(40,746)

(46,436)

26,553

707

Inventory

8,875

(4,471)

6,852

(8,900)

Deferred commissions

(5,311)

(5,424)

(3,595)

(4,155)

Prepaid expenses and other assets

6,663

23

(635)

11,134

Operating lease right-of-use assets

7,229

13,438

Accounts payable

(5,020)

667

(30,827)

(18,135)

Accrued compensation and other liabilities

18,289

22,423

(25,704)

(7,458)

Operating lease liabilities

(7,049)

(13,083)

Deferred revenue

43,032

24,634

71,045

39,144

Net cash provided by operating activities

48,817

8,484

55,459

27,080

Cash flows from investing activities

Purchases of property and equipment

(28,933)

(20,437)

(53,229)

(42,733)

Acquisition, net of cash acquired

(47,881)

Purchase of intangible assets

(9,000)

(9,000)

Purchases of marketable securities

(175,638)

(412,805)

(488,497)

(494,507)

Sales of marketable securities

38,024

3,131

60,368

13,585

Maturities of marketable securities

106,617

36,770

270,756

97,793

Net cash used in investing activities

(68,930)

(393,341)

(267,483)

(425,862)

Cash flows from financing activities

Net proceeds from exercise of stock options

2,499

19,453

19,260

29,067

Proceeds from issuance of common stock under employee stock purchase plan

32,042

19,698

Proceeds from issuance of convertible senior notes, net of issuance costs

562,062

Payment for purchase of capped calls

(64,630)

Repayment of debt acquired from acquisition

(11,555)

Tax withholding on vesting of restricted stock

(1,501)

(7,173)

Repurchase of common stock

(20,000)

Net cash provided by financing activities

998

19,453

32,574

526,197

Net increase (decrease) in cash, cash equivalents and restricted cash

(19,115)

(365,404)

(179,450)

127,415

Cash, cash equivalents and restricted cash, beginning of period

303,478

751,639

463,813

258,820

Cash, cash equivalents and restricted cash, end of period

$

284,363

$

386,235

$

284,363

$

386,235

Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures

The following table presents non-GAAP gross margins by revenue source before certain items (in thousands except percentages, unaudited):

Three Months Ended July 31, 2019

Three Months Ended July 31, 2018

GAAP
results

GAAP
gross
margin (a)

Adjustment

Non-
GAAP
results

Non-
GAAP
gross
margin (b)

GAAP
results

GAAP
gross
margin (a)

Adjustment

Non-
GAAP
results

Non-
GAAP
gross
margin (b)

$

954

(c)

$

720

(c)

27

(d)

36

(d)

1,971

(e)

Gross profit — product

$

207,258

69.1

%

$

2,952

$

210,210

70.0

%

$

162,875

67.5

%

$

756

$

163,631

67.9

%

$

3,633

(c)

$

2,929

(c)

98

(d)

137

(d)

Gross profit — support subscription

$

61,061

63.5

%

$

3,731

$

64,792

67.4

%

$

43,290

63.9

%

$

3,066

$

46,356

68.4

%

$

4,587

(c)

$

3,649

(c)

125

(d)

173

(d)

1,971

(e)

Total gross profit

$

268,319

67.7

%

$

6,683

$

275,002

69.4

%

$

206,165

66.7

%

$

3,822

$

209,987

68.0

%

(a) GAAP gross margin is defined as GAAP gross profit divided by revenue.

(b) Non-GAAP gross margin is defined as non-GAAP gross profit divided by revenue.

(c) To eliminate stock-based compensation expense.

(d) To eliminate payroll tax expense related to stock-based activities.

(e) To eliminate amortization expense of acquired intangible assets.

The following table presents certain non-GAAP consolidated results before certain items (in thousands, except per share amounts and percentages, unaudited):

Three Months Ended July 31, 2019

Three Months Ended July 31, 2018

GAAP
results

GAAP
operating
margin (a)

Adjustment

Non-
GAAP
results

Non-
GAAP
operating
margin (b)

GAAP
results

GAAP
operating
margin (a)

Adjustment

Non-
GAAP
results

Non-
GAAP
operating
margin (b)

$

58,404

(c)

$

53,654

(c)

1,355

(d)

2,427

(d)

1,971

(e)

Operating income (loss)

$

(64,905)

-16.4

%

$

61,730

$

(3,175)

-0.8

%

$

(55,206)

-17.9

%

$

56,081

$

875

0.3

%

$

58,404

(c)

$

53,654

(c)

1,355

(d)

2,427

(d)

1,971

(e)

6,801

(f)

6,434

(f)

Net Income (loss)

$

(66,018)

$

68,531

$

2,513

$

(60,123)

$

62,515

$

2,392

Net Income (loss) per share — basic and diluted

$

(0.26)

$

0.01

$

(0.26)

$

0.01

Weighted-average shares used in per share calculation — basic and diluted

251,298

19,550

(g)

270,848

229,359

33,216

(g)

262,575

(a) GAAP operating margin is defined as GAAP operating loss divided by revenue.

(b) Non-GAAP operating margin is defined as non-GAAP operating loss divided by revenue.

(c) To eliminate stock-based compensation expense.

(d) To eliminate payroll tax expense related to stock-based activities.

(e) To eliminate amortization expense of acquired intangible assets.

(f) To eliminate amortization expense of debt discount and debt issuance costs related to our convertible debt.

(g) To include effect of dilutive securities (employee stock options, restricted stock, and shares from employee stock purchase plans (ESPP)).

 

Reconciliation from net cash provided by operating activities to free cash flow and free cash flow without ESPP impact (in thousands except percentages, unaudited):

Three Months Ended July 31,

2019

2018

Net cash provided by operating activities

$

48,817

$

8,484

Less: purchases of property and equipment

(28,933)

(20,437)

Free cash flow (non-GAAP)

$

19,884

$

(11,953)

Adjust: ESPP impact

(5,671)

(6,982)

Free cash flow without ESPP impact (non-GAAP)

$

14,213

$

(18,935)

Free cash flow as % of revenue

5.0

%

-3.9

%

Free cash flow without ESPP impact as % of revenue

3.6

%

-6.1

%

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/pure-storage-announces-second-quarter-fiscal-2020-financial-results-300905408.html

SOURCE Pure Storage

InEight Chief Design Officer Delivering AI Insights at Constructech Technology Days 2019

SCOTTSDALE, Ariz., Aug. 21, 2019 /PRNewswire/ — InEight®, the leading developer of construction project management software, announced today that Dr. Dan Patterson, Chief Design Officer, InEight, will be delivering a presentation on artificial intelligence (AI) at Constructech Technology Days 2019 on August 22, 2019, in Arlington Heights, Illinois.

InEight Chief Design Officer Dr. Dan Patterson

Patterson’s presentation, “How AI Is Changing the Project Management Landscape for the Better,” will examine how AI is being used to proactively guide and validate the entire project planning process. Capturing historical project performance and leveraging that data to validate new plans is a huge step forward for the industry as a whole.

“For the first time in recent history, the computer is now able to provide guidance to the planner rather than the planner simply using the computer as an input device,” says Patterson. “AI is not going to replace human expertise any time soon, but it does assist in capturing that expertise for subsequent reuse.”

Developed specifically for capital projects, InEight construction project management software enables users to overcome their greatest project pain points. Our solutions span the project life cycle, from design to estimate and field execution to turnover; providing real-time information and insights to minimize risk, improve operational efficiency, control project costs, make educated decisions and collaborate easily with all project stakeholders.

About Constructech Technology Days 2019
Constructech Technology Days 2019 will address opportunities for the infrastructure supply chain, ways to tackle the skilled labor shortage and how emerging technology coupled with digital transformation will play a pivotal role in driving and empowering the next-generation workforce. The event will focus on how infrastructure needs to be rebuilt; concerns related to why infrastructure is failing; ways to rebuild that are efficient and productive; and the use of technology and how it factors into these topics from the office to the jobsite.

About InEight
Built on a history of construction and engineering excellence, InEight helps companies visualize, estimate, manage, control and connect all aspects of their projects. The company combines technology with a unified vision, delivering actionable insights and proven project certainty to more than 300,000 users and 750 companies. With configurable, modular and field-tested solutions, InEight delivers the visibility and control required for on-budget and on-time project completion. Based in Scottsdale, Arizona, U.S., InEight, an ISO 9001:2015- and ISO 27001-certified company, is a subsidiary of Kiewit Corporation (Kiewit). Kiewit, through its subsidiaries, is one of North America’s largest and most respected construction and engineering organizations. For more information, please visit ineight.com.

InEight is the leading developer of construction project management software. (PRNewsfoto/InEight)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/ineight-chief-design-officer-delivering-ai-insights-at-constructech-technology-days-2019-300905385.html

SOURCE InEight