MOUNTAIN VIEW, Calif., Aug. 21, 2018 /PRNewswire/ — Pure Storage (NYSE: PSTG), the all-flash storage leader that helps innovators build a better world with data, today announced the acquisition of privately-held, Sunnyvale, California based software company StorReduce, a cloud-first software-defined storage solution for managing large scale unstructured data.

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

The acquisition allows Pure Storage to add sophisticated deduplication technology to its object storage portfolio and expand its public cloud integrations to meet the growing demand to manage unstructured data in multi-cloud environments. 

StorReduce’s cloud-optimized technology reduces storage and bandwidth costs, enabling flash plus cloud solutions across a variety of use cases, including data tiering, migration, and protection. StorReduce has been recognized for its innovative technology, recently named a Gartner Cool Vendor in Storage.1 In the same report, Gartner noted that developing a private/hybrid/public cloud strategy is the number one issue facing organizations today, cited by one in three organizations as their primary challenge.

“We are excited to be joining the Pure Storage team. StorReduce and Pure Storage share a common goal to empower customers to get the most out of their data in the increasingly hybrid cloud world,” said StorReduce CEO Vanessa Wilson. “With the combination of StorReduce’s data reduction capabilities and Pure’s flash and object storage technologies, we can now optimize many modern cloud-native applications as well as many existing unstructured data workloads, in particular rapid recovery, at a faster rate.”

“The StorReduce team has built an incredibly exciting technology that has the opportunity to make a major impact on next-generation storage architectures,” said Charles Giancarlo, Pure Storage CEO. “Together, we will help customers execute on data-centric architectures that bridge seamlessly from on-prem to cloud.”

The financial terms of the acquisition are not being disclosed. The acquisition closed in August 2018.

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 Satmetrix-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.

Analyst Recognition:
Gartner July 2018 Magic Quadrant for Solid-State Arrays 
IDC MarketScape for All-Flash Arrays

1Gartner Cool Vendors in Storage Technologies, Dave Russell, Arun Chandrasekaran, Julia Palmer, Garth Landers, Valdis Filks, Raj Bala, April 19, 2018

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, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/pure-storage-announces-acquisition-of-storreduce-300700485.html

SOURCE Pure Storage

MOUNTAIN VIEW, Calif., Aug. 21, 2018 /PRNewswire/ — Pure Storage (NYSE: PSTG), the all-flash storage leader that helps innovators build a better world with data, today announced financial results for its second quarter ended July 31, 2018.

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

Key quarterly business and financial highlights include:

  • Revenue: $308.9 million, up 37% Y/Y, exceeding the high end of our guidance;
  • Gross margin: 66.7% GAAP; 68.0% non-GAAP, all-time high in history;
  • Operating margin: -17.9% GAAP; 0.3% non-GAAP, up 9.2 ppts and 10.6 ppts Y/Y, respectively;
  • Acquired StorReduce, Inc., a cloud-first software-defined storage solution.

“Pure has delivered another exceptional quarter, with all measures exceeding our Q2 guidance ranges,” said Charles Giancarlo, CEO, Pure Storage. “Our continued focus on enabling customers to succeed in a data-centric world is working and validated, maintaining Pure’s lead in the data storage market.”

Nearly 400 new customers joined Pure Storage in the quarter, increasing the total to more than 5,150 organizations. New customer wins in the quarter include: Dustin Sverige, Honda Federal Credit Union, Fresenius Medical Care, Lufthansa Aero Alzey Gmbh, New York Genome Center, Syntax, TaxSlayer, The University of Texas MD Anderson Cancer Center, and Zeiss Vision Care France.

“Q2 was another strong quarter for Pure,” said Tim Riitters, CFO, Pure Storage. “Growth was strong, gross margins were the highest in history, and we achieved another profitable quarter.”

Second Quarter Fiscal 2019 Financial Highlights

The following tables summarize our consolidated financial results for the fiscal quarters ended July 31, 2018 and 2017 (in millions except percentages, per share amounts and headcount, unaudited):

GAAP Quarterly Financial Information

Three Months Ended
July 31, 2018

Three Months Ended
July 31, 2017

Y/Y Change

Revenue

$308.9

$224.7

37%

Gross Margin

66.7%

66.0%

0.7 ppts

Product Gross Margin

67.5%

68.1%

-0.6 ppts

Support Subscription Gross Margin

63.9%

57.3%

6.6 ppts

Operating Loss

$(55.2)

$(60.9)

$5.7

Operating Margin

-17.9%

-27.1%

9.2 ppts

Net Loss

$(60.1)

$(58.4)

$(1.7)

Net Loss per Share – Basic and Diluted

$(0.26)

$(0.28)

$0.02

Weighted-Average Shares

229.4

209.2

20.2

Headcount

>2,450

>1,900

~550

 

Non-GAAP Quarterly Financial Information

Three Months Ended
July 31, 2018

Three Months Ended
July 31, 2017

Y/Y Change

Gross Margin

68.0%

67.2%

0.8 ppts

Product Gross Margin

67.9%

68.3%

-0.4 ppts

Support Subscription Gross Margin

68.4%

62.5%

5.9 ppts

Operating Income (Loss)

$0.9

$(23.1)

$24.0

Operating Margin

0.3%

-10.3%

10.6 ppts

Net Income (Loss)

$2.4

$(20.7)

$23.1

Net Income (Loss) per Share – Diluted

$0.01

$(0.10)

$0.11

Weighted-Average Shares – Diluted

262.6

209.2

53.4

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

Financial Outlook

Pure Storage’s third quarter fiscal 2019 guidance is as follows:

  • Revenue in the range of $361 million to $369 million
  • Non-GAAP gross margin in the range of 64.5% to 67.5%
  • Non-GAAP operating margin in the range of 4.0% to 8.0%

Pure Storage’s full year fiscal 2019 guidance is as follows:

  • Revenue in the range of $1.350 billion to $1.380 billion
  • Non-GAAP gross margin in the range of 65.5% to 67.5%
  • Non-GAAP operating margin in the range of 2.5% to 4.5%

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 and 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.

Conference Call Information

Pure Storage will host a teleconference to discuss the second quarter fiscal 2019 results at 2:00 p.m. (PT) on August 21, 2018. Pure Storage 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: (877) 201-0168 or (647) 788-4901 (for international callers).
  • 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 approximately two hours after the call ends on Tuesday, August 21, 2018, through September 4, 2018. The replay will be accessible by calling (800) 585-8367 or (416) 621-4642 (for international callers), with conference ID 9794206.

Upcoming Events

Management will participate in upcoming financial Q&A discussions at Deutsche Bank Technology Conference on September 13, 2018 at 10:00 a.m. (PT). Pure Storage will post a link to these events on the investor relations website at investor.purestorage.com for both the live and archived webcasts.

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 Satmetrix-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.

Analyst Recognition

Gartner Magic Quadrant for Solid-State Arrays
IDC MarketScape for All-Flash Arrays

Pure Storage, Evergreen, FlashBlade, FlashStack 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 growth prospects and expectations regarding technology differentiation, and our outlook for the third quarter and full year fiscal 2019, and statements regarding our products, business, operations and results. 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 will also be available in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2018. All information provided in this release and in the attachments is as of August 21, 2018, 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 and amortization of debt discount and debt issuance costs 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, or superior to, 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 (used in) 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, 2018

As of
January 31, 2018

(As Adjusted*)

Assets

Current assets:

Cash and cash equivalents

$

370,457

$

244,057

Marketable securities

736,205

353,289

Accounts receivable, net of allowance of $957 and $1,062

242,409

243,001

Inventory

41,673

34,497

Deferred commissions, current

23,521

21,088

Prepaid expenses and other current assets

36,071

47,552

Total current assets

1,450,336

943,484

Property and equipment, net

101,718

89,142

Intangible assets, net

4,305

5,057

Deferred income taxes, non-current

1,534

1,060

Restricted cash

15,778

14,763

Deferred commissions, non-current

67,948

66,225

Other assets, non-current

4,610

4,264

Total assets

$

1,646,229

$

1,123,995

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable

$

68,058

$

84,420

Accrued compensation and benefits

51,654

59,898

Accrued expenses and other liabilities

27,049

26,829

Deferred revenue, current

213,100

191,229

Liability related to early exercised stock options

320

Total current liabilities

359,861

362,696

Convertible senior notes, net

436,687

Deferred revenue, non-current

200,147

182,873

Other liabilities, non-current

5,140

4,025

Total liabilities

1,001,835

549,594

Stockholders’ equity:

Common stock and additional paid-in capital

1,675,234

1,479,905

Accumulated other comprehensive loss

(2,826)

(1,917)

Accumulated deficit

(1,028,014)

(903,587)

Total stockholders’ equity

644,394

574,401

Total liabilities and stockholders’ equity

$

1,646,229

$

1,123,995

* Prior period information has been adjusted to reflect the adoption impact of Accounting Standards Codification 606, Revenue from Contracts with Customers (ASC 606), which we adopted on February 1, 2018.

 

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,

2018

2017

2018

2017

(As Adjusted*)

(As Adjusted*)

Revenue:

Product

$

241,137

$

179,669

$

436,586

$

322,519

Support subscription

67,747

45,001

128,243

84,796

Total revenue

308,884

224,670

564,829

407,315

Cost of revenue:

Product (1)

78,262

57,252

144,682

103,897

Support subscription(1)

24,457

19,199

47,667

36,102

Total cost of revenue

102,719

76,451

192,349

139,999

Gross profit

206,165

148,219

372,480

267,316

Operating expenses:

Research and development (1)

84,031

69,361

162,523

134,789

Sales and marketing (1)

143,749

117,552

266,116

209,315

General and administrative (1)

33,591

22,162

60,921

42,258

Total operating expenses

261,371

209,075

489,560

386,362

Loss from operations

(55,206)

(60,856)

(117,080)

(119,046)

Other income (expense), net

(4,032)

3,266

(5,031)

5,261

Loss before provision for income taxes

(59,238)

(57,590)

(122,111)

(113,785)

Provision for income taxes

885

821

2,316

1,785

Net loss

$

(60,123)

$

(58,411)

$

(124,427)

$

(115,570)

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

$

(0.26)

$

(0.28)

$

(0.55)

$

(0.56)

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

229,359

209,193

226,609

207,515

* Prior period information has been adjusted to reflect the adoption impact of ASC 606, which we adopted on February 1, 2018.

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

Cost of revenue — product

$

720

$

358

$

1,328

$

755

Cost of revenue — support subscription

2,929

2,245

5,613

4,019

Research and development

22,232

17,971

43,322

33,559

Sales and marketing

17,269

11,439

31,209

22,065

General and administrative

10,504

4,825

16,137

8,659

Total stock-based compensation expense

$

53,654

$

36,838

$

97,609

$

69,057

 

PURE STORAGE, INC.

Condensed Consolidated Statements of Cash Flows

(in thousands, unaudited)

Three Months Ended July 31,

Six Months Ended July 31,

2018

2017

2018

2017

(As Adjusted*)

(As Adjusted*)

Cash flows from operating activities

Net loss

$

(60,123)

$

(58,411)

$

(124,427)

$

(115,570)

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:

Depreciation and amortization

17,173

15,175

33,590

30,000

Amortization of debt discount and debt issuance costs

6,434

7,889

Stock-based compensation expense

53,654

36,838

97,609

69,057

Other

(70)

346

82

797

Changes in operating assets and liabilities:

Accounts receivable, net

(46,436)

(36,546)

707

25

Inventory

(4,471)

5,618

(8,900)

(10,487)

Deferred commissions

(5,424)

(8,220)

(4,155)

(9,587)

Prepaid expenses and other assets

23

3,758

11,134

(186)

Accounts payable

667

4,183

(18,135)

201

Accrued compensation and other liabilities

22,423

21,201

(7,458)

(2,993)

Deferred revenue

24,634

15,867

39,144

24,251

Net cash provided by (used in) operating activities

8,484

(191)

27,080

(14,492)

Cash flows from investing activities

Purchases of property and equipment

(20,437)

(17,331)

(42,733)

(30,100)

Purchases of marketable securities

(412,805)

(39,382)

(494,507)

(95,358)

Sales of marketable securities

3,131

28,145

13,585

33,529

Maturities of marketable securities

36,770

27,360

97,793

73,681

Net cash used in investing activities

(393,341)

(1,208)

(425,862)

(18,248)

Cash flows from financing activities

Net proceeds from exercise of stock options

19,453

4,536

29,067

6,793

Proceeds from issuance of common stock under employee stock purchase plan

19,698

14,166

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

562,062

Payment for purchase of capped calls

(64,630)

Repurchase of common stock

(20,000)

Net cash provided by financing activities

19,453

4,536

526,197

20,959

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

(365,404)

3,137

127,415

(11,781)

Cash, cash equivalents and restricted cash, beginning of period

751,639

181,491

258,820

196,409

Cash, cash equivalents and restricted cash, end of period

$

386,235

$

184,628

$

386,235

$

184,628

* Prior period information has been adjusted to reflect the adoption impact of ASC 606 and ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which we adopted on February 1, 2018.

 

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, 2018

Three Months Ended July 31, 2017 (As Adjusted*)

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)

$

720

(c)

$

358

(c)

36

(d)

8

(d)

Gross profit — product

$

162,875

67.5

%

$

756

$

163,631

67.9

%

$

122,417

68.1

%

$

366

$

122,783

68.3

%

$

2,929

(c)

$

2,245

(c)

137

(d)

87

(d)

Gross profit — support subscription

$

43,290

63.9

%

$

3,066

$

46,356

68.4

%

$

25,802

57.3

%

$

2,332

$

28,134

62.5

%

$

3,649

(c)

$

2,603

(c)

173

(d)

95

(d)

Total gross profit

$

206,165

66.7

%

$

3,822

$

209,987

68.0

%

$

148,219

66.0

%

$

2,698

$

150,917

67.2

%

 * Prior period information has been adjusted to reflect the adoption impact of ASC 606, which we adopted on February 1, 2018.

(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.

 

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, 2018

Three Months Ended July 31, 2017 (As Adjusted*)

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)

$

53,654

(c)

$

36,838

(c)

2,427

(d)

906

(d)

Operating income (loss)

$

(55,206)

-17.9

%

$

56,081

$

875

0.3

%

$

(60,856)

-27.1

%

$

37,744

$

(23,112)

-10.3

%

$

53,654

(c)

$

36,838

(c)

2,427

(d)

906

(d)

6,434

(e)

Net income (loss)

$

(60,123)

$

62,515

$

2,392

$

(58,411)

$

37,744

$

(20,667)

Net income (loss) per share –diluted

$

(0.26)

$

0.01

$

(0.28)

$

(0.10)

Weighted-average shares used in per share calculation —  diluted

229,359

33,216

(f)

262,575

209,193

209,193

 * Prior period information has been adjusted to reflect the adoption impact of ASC 606, which we adopted on February 1, 2018.

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

(b) Non-GAAP operating margin is defined as non-GAAP operating income (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 the amortization expense of debt discount and debt issuance costs related to our convertible debt.

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

 

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

Three Months Ended July 31,

2018

2017

Net cash provided by (used in) operating activities

$

8,484

$

(191)

Less: purchases of property and equipment

(20,437)

(17,331)

Free cash flow (non-GAAP)

$

(11,953)

$

(17,522)

Adjust: ESPP impact

(6,982)

(4,964)

Free cash flow without ESPP impact (non-GAAP)

$

(18,935)

$

(22,486)

Free cash flow as % of revenue

-3.9

%

-7.8

%

Free cash flow without ESPP impact as % of revenue

-6.1

%

-10.0

%

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/pure-storage-announces-second-quarter-fiscal-2019-financial-results-300700463.html

SOURCE Pure Storage

BEIJING and HONG KONG, Aug. 21, 2018 /PRNewswire/ — Chinasoft International (SEHK: 00354) announced today its 2108 interim results.

For the first half of the 2018, the Group’s business achieved high growth. Its revenue, service revenue, profit for the period, and net profit attributable to the owners of the Group achieved a YoY growth of 16.1%, 17.9%, 48.0%, and 44.9%.

RMB’000

2018H1

2017H1

Growth

Revenue

4,813,853

4,145,060

16.1%

Service Revenue

4,770,267

4,047,248

17.9%

Profit for the Period

355,805

240,445

48.0%

Net Profit Attributable to Equity Shareholders

358,759

245,470

46.2%

Basic EPS(RMB cents)

14.87

10.26

44.9%

 

For the first half of 2018, the Group accelerated its global service layout with its cloud driven digitalization services and continued to improve its overall competitiveness. The Group ranked 7th in the latest “Top 100 Most Competitive Chinese Software Enterprises” (and continues to rise in rankings), and became the backbone of China’s software and ITS development. It plays a leading role in industrial innovation and upgrade transformations of government and enterprise customers.

A. Focus on Large Customers and Promote Comprehensive Strategic Partnerships.

During the reporting period, the Group continued its in-depth partnerships with large customers including Huawei, HSBC, Tencent, Ping-An, and etc. Through its “zero distance” innovative service, the Group understood its customers’ demands better, improved its management capabilities, and increased quality and delivery efficiencies. Furthermore, the Group combined cloud services with its Internet platform to provide Chinese and global enterprises with more capabilities, values, and more smart technologies, creating a new ecosystem in the digital world.

During the reporting period, the Group strengthened its partnership with Huawei, and was named “Huawei Cloud’s Best Partner”. The oversea strategic partnership achieved substantial breakthrough in Malaysia, Myanmar, India, and etc. The Group was introduced into Huawei’s “Service Provider Development Program,” becoming its trustworthy strategic partner.

HSBC’s line of business progressed steadily. The Group participated in the development HSBC’s third generation global commercial banking platform and HSBC risk control department’s key project, and completed the upgrade of a HSBC’s brand new online banking system infrastructure. The online banking line of business grew 30% YoY. During the reporting period, the HSBC SME digitalization line of business achieved breakthrough in global servicing capabilities. The Group’s delivery team in Xi’an surpassed that of in England and India, gaining competitive advantages.

During the reporting period, Tencent software service line of business grew rapidly. The Group’s Guangzhou WeChat line of business expanded quickly, and the Group worked a WeSure, a subsidiary of Tencent, to signed its first customer project.  Furthermore, Ants Financial oversea payment project was launched in Indonesia, reaching a certain scale. Ali Mama’s advertisement audit business was also implemented. Lastly, the Group formed a strategic partnership with Baidu in artificial intelligence, specifically in technology enablement, market expansion, innovative technologies, and etc. 

During the reporting period, the Group continued to strengthen its comprehensive strategic partnership with Ping-An. The Group and Ping-An signed a strategic cooperation to jointly develop the Shenzhen Smart IT project. Furthermore, the Group and Ping-An Insurance continued its in-depth partnership and upgraded the partnership model. The Group will leverage its mobile, big data, and other capabilities to help Ping-An Insurance connect to its clients (precise matching).

B. Accelerate the Strategic Transformation: Emerging Business Grew Rapidly

During the reporting period, the emerging business, largely represented by JointForce, cloud, and big data businesses, achieved high growth. The revenue of the emerging business was RMB 741.655 million and accounted for 15.4% of the total revenue, representing a YoY growth of 95%. Through the accelerated implementation of the transformation strategy, the Group’s revenue structure and profitability improved during the reporting period. The new generation cloud driven, platform IT enterprise’s value will continue to blossom.

1. JointForce Sees Positive Results, With the Implementation of the “Cloud Integrative Service” Completing Its Ecosystem Blueprint   

The JointForce platform has been commercialized for three years now, and has continued to enrich its services, upgrade its business model, and accelerate the growth of its servicing capabilities. JointForce’s resources now span across 400 cities (districts and counties). The volume of the work posted in the first half of 2018 was RMB 1.2 billion, and has completed over 10,000 enterprises’ precision profiling and due diligence. JointForce has truly established a cloud ecosystem focusing in software development.

Focusing on the software service demand of the Government, JointForce launched its “Cloud Integrative Service” solution. This solution, through establishing a cloud integrative service platform, helps the government with IT services, including online purchasing transaction services, due diligence for service providers based on enterprise big data. This solution is being quickly recognized, approved, applied and promoted. It is in operation in Nanjing, has reached a pilot phase in Xi’an, and reached a strategic agreement with the Zhejiang government. Furthermore, JointForce’s “Cloud Integrative Service” team has penetrated the top 50 GDP cities in the country and helped over tens of thousands of software service providers undergo digital due diligence, completing precision profiling.

“Cloud Software Parks” continued to be promoted, serving Jiangsu, Shandong, Hubei, Anhui, Chongqing, Zhejiang, Fujian, and other provinces. There are close to 1,000 people (“army”) there to promote locally and provide local services. In these regions, JointForce software ecosystems are beginning to form.

During the reporting period, the Group focused on intelligent manufacturing. JointForce adhered to the “China Manufacture 2025 Core Integrators” development initiative and formed strategic partnerships with ESI Group (France), Haier, Phoenix Contacts (Germany), Fast, Nari Information and Telecommunication, and other prominent domestic enterprises as well as multiple governments. JointForce and Haier’s COSMOPlat platform will go hand in hand to fully promote the industrial intelligent manufacturing cloud ecosystem. In the virtual prototyping field, the Group migrated ESI Group’s industrial virtual prototype solution onto the cloud and fully realized “Honeycomb’s” intelligent manufacturing integration capabilities. Through cloud, the Group will be able to distribute this solution to the Chinese manufacturers and crease a virtual prototype application ecosystem through “JointForce + Honeycomb”.

During the reporting period, the Group continued to expand in the artificial intelligence and industrial software industries. The Group formed a strategic partnership with the Nanjing Turning Artificial Intelligence Research Institute, founded by Academician Yao Zhizhi. Together they will establish the JointForce Turning Research Institute and accelerate the evolution of AI technology products. Furthermore, the Group will also jointly promote the construction of the “Industrial Software International Cooperation Industrial Base” with the China Electronic Information Industry Association.

2. Cloud Business Grows Steadily and Its Business Scope Expands

During the reporting period, the Group’s cloud line of business grew steadily, successfully realized overseas cloud business layout, and successfully expanded its business scope with Huawei Cloud, Tencent Cloud, and Baidu Cloud. The Group was nominated for 100% third-party service software operation and maintenance supporting project of Huawei’s e-government PaaS platform; it completed Huawei cloud and multiple e-government cloud migration projects, and provided cloud migration service for near 40 users and about 180 application and business systems, with the number of cumulatively migrated cloud hosts over 1,100 and total data volume near 700T. The Group passed the certification of independent software vendor (ISV) of Tencent cloud and obtained Tencent Cloud’s subcontracting channel. The Group successfully developed a cloud deployment solution based on Microsoft enterprise applications. The Group introduced mature Azure-based cloud service capacity, built a joint team with members from China, the US and India, developed the “Hosting” solution of Huawei cloud for Microsoft products, and realized the globalized layout of cloud services. During the reporting period, the Group’s enterprise cloud disk capabilities reached an industry leading position, and expanded its business to Southeast Asia, Africa, and other regions.

3. Big Data Business Continues to Expand Its Industry Leading Position, Fueled by Success in Multiple Industries

During the reporting period, following the strategy of exploring in-depth solutions and focusing on the industry, the Group continued to strive in different industries and won landmark project, continuing to expand its industry leading position. In the banking, securities, insurance, and other sub-segment of the finance industry, the Group will continue to focus on the quality customers, understand the industry need, and continue to upgrade its services. In the airport industry, the Group won the bid for the Beijing New Airport Intelligent Data Center System Project and the Wuhan Tianhe Airport Intelligent Data Warehouse Construction Project. In the public transportation industry, the Group successfully won the bid for the Jiangsu Province One Card Platform data mining project, the Beijing One Card Big Data Platform Project and the Xi’an City Running Big Data Project.

In the first half of 2018, facing the complex situation of the US-China trade war, fluctuation of currency in emerging markets, and the volatility of the stock market, the Group remained resolute towards its strategy. Firmly believing in its strategic transformation, the Group formed an employee owned fund, which increased its shares of the Group during this period, showing the Group’s confident in future business development. This action solidified the capital market’s confident in the Group. 

Under the opportunity of the digital China transformation, the Group will, in the future, penetrate the government and enterprise market. Through the JointForce software ecosystem platform, the Group will continue to export new technologies, form new businesses, establish new ecosystem, ignite new motives, and to fully utilize the Group cloud service and top IT design capabilities to drive the Group to optimize the revenue structure and realize business model upgrade. The Group will continue  to become a global IT service leader with comprehensive strength and outstanding innovation capabilities.

About ChinaSoft International Limited (SEHK:354)

Founded in 2000, ChinaSoft International Limited is a listed company on the Hong Kong Stock Exchange with its code of 354.HK. It is a leading China based comprehensive software and information services provider, ranging from end-to-end services of consulting, solution, outsourcing and talent training. It serves clients in manufacturing, finance, telecommunication, high-tech, transportation, energy and also the government. The Company provides global services to over 100 multinational companies with close to 54,000 employees located worldwide including mainland China, Hong Kong, Princeton, Seattle, London, Tokyo and etc. For more information, please visit www.chinasofti.com.

Cision View original content:http://www.prnewswire.com/news-releases/chinasoft-accelerates-its-strategic-transformation-achieving-a-net-profit-growth-of-46-2-300700309.html

SOURCE ChinaSoft International Ltd.

LONDON, August 21, 2018 /PRNewswire/ —

– Runecast Analyzer 2.0 Provides Historical Trending, PCI-DSS Security Analysis and New UI

– Enables VMware Admins to Significantly Reduce Time Spent Troubleshooting

Runecast, a leading provider of predictive analytics for VMware environments, today announced the availability of the latest version of Runecast Analyzer.

Runecast Analyzer utilizes Artificial Intelligence (AI) and Natural Language Processing (NLP) to optimize VMware vSphere, vSAN and NSX environments. It is built on patent pending technology that automatically discovers all configurations that can trigger outages (such as Purple Screen of Death), fail security audits or other issues that negatively affect performance.

“Runecast is focused on helping customers mitigate operational risk and increase security compliance across the entire SDDC,” said Stanimir Markov, Runecast CEO.

This latest version further increases the visibility for system administrators of their VMware environments, enabling them to ensure systems are operating at full performance to deliver on their business requirements.

Runecast Analyzer 2.0 features include:

Historical trending and analysis:

Keep history of every scan ever conducted and see how the environment has improved over time

PCI DSS security checks:

Automate PCI DSS security checks of your VMware vSphere, vSAN and NSX environments. Days of tedious work become a thing of the past with a 2 minute PCI DSS scan

New user interface:

Every pixel has been redesigned for easier visualization. The most important information, right where it is needed

Major under-the-hood improvements:

Built on the latest technology and on the most secure platform

By delivering the ability to see historical charts of every scan ever performed on the environment, Runecast Analyzer 2.0 allows system administrators to showcase the result of their work; increasing the stability of the environment by demonstrating fewer and fewer issues and detailing tighter security, with fewer vulnerabilities.

With the majority of enterprise customers having mission critical environments and stringent security audits, the ability to visualize tangible improvements over time is crucial to the success of their operations and their business. Data security is also of paramount importance, Runecast Analyzer works on premises and even offline, so no data ever leaves the customers’ data center.

“Keeping track of issues within environments such as ESXi, vSphere, vSAN etc. can be very time consuming. With the latest version of Runecast Analyzer, there are many new exciting features to aid admins in monitoring these environments. One of the key features is the ability to monitor the history of all issues associated with an infrastructure over a certain period of time. This feature will be very beneficial in increasing efficiencies and reducing admins’ time in managing their environments.” – Vladan Seget, IT consultant and blogger

A free trial of Runecast Analyzer 2.0 can be downloaded at https://www.runecast.biz/register

About Runecast

Runecast is a leading provider of patent-pending, actionable predictive analytics for VMware vSphere, vSAN and NSX environments. Runecast Analyzer provides software-defined expertise to mitigate service outages, increase security and compliance and reduce time in troubleshooting. Runecast Analyzer is deployed in VMware environments across the globe within enterprise and SME customers.

For more information, visit www.runecast.biz.

Media Contact:

Michal Hrncirik
Runecast
+44-203-318-1991

SOURCE Runecast

BELLEVILLE, Mich. and NEW YORK, Aug. 21, 2018 /PRNewswire/ — Tata Consultancy Services, (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, and Discovery Education, the leading provider of digital education content and professional development for K-12 classrooms, have announced the Michigan launch of their Ignite My Future in School (IMFIS) initiative.

Tata Consultancy Services.(PRNewsFoto/Tata Consultancy Services) (PRNewsfoto/Tata Consultancy Services)

The program will provide a select group of middle school educators from Southeast Michigan – including hosts Van Buren Public Schools and Saline Area Schools, as well as Plymouth-Canton Community Schools, Taylor School District, Evart Public Schools, Riverview Schools, Wayne-Westland School District, and Crestwood School District – with the opportunity to participate in Ignite My Future in School’s Day of Discovery at Belleville High School. During this day of professional development training, local educators will connect with TCS and Discovery Education’s curriculum experts to learn about the program, understand its purpose and develop innovative strategies for integrating these new resources into classroom instruction.

Much like critical thinking, computational thinking equips learners with essential skills for solving complex problems to find innovative solutions through skills such as collecting and analyzing data, modeling solutions, or applying algorithmic thinking. Ignite My Future in School combines the best of digital content, lesson plans, career vignettes, and professional learning to help teachers prepare their students for careers of the future. The initiative offers educators instructional resources and year-round curriculum support to ensure that computational thinking is embedded into core subjects such as math, sciences, arts, and social studies.  This interdisciplinary approach helps students to obtain the necessary skills required for 21st century careers across all industries.

In this video message, Michigan Senator Gary Peters congratulated TCS and Discovery on their IMFIS program stating, “Jobs of tomorrow will require an increasing level of digital skills. Technology plays a crucial role in our modern economy, a role that will only continue to grow in the coming years. Today, nearly 50 percent of jobs require digital skills, and by the end of the decade there will there will be more than one million new technology related jobs and we will not have enough highly skilled graduates to fill them. As Michigan leads the way in technological advances like self-driving cars, Artificial Intelligence, and even missions in space exploration, this incredible program will ensure that you can help prepare your students to play a central role.”

Michigan colleges only produced 1,793 computer science (CS) graduates in 2015, and this past school year, just 71 high schools in the state offered AP computer science courses. Ignite My Future in School hopes to bridge the gap by developing relevant skills for future job opportunities in the new digital economy, including Artificial Intelligence, machine learning and the Internet of Things (IoT). 

“I would like to congratulate Tata Consultancy Services and Discovery Education on their collaborative efforts to create the ‘Ignite My Future in School’ initiative,” said Michigan Congresswoman Debbie Dingell. “The resources and programs that this initiative offers to the teachers and students will provide new learning opportunities to prepare our students for an ever-changing world.”

“Creating pathways for students to gain relevant job readiness skills is essential to their future success and the future of the nation,” said Balaji Ganapathy, Head of Workforce Effectiveness, TCS. “I applaud the various school districts in Southeast Michigan for being forward-thinking and committed to integrating computer science into core subjects. We are excited to work with each school system as they continue to give young people opportunities to succeed through education that is contextually aligned with the needs of growing industries in Michigan.”

On a national level, Ignite My Future in School has a goal of engaging 20,000 teachers and one million U.S. students by 2021. As a first step towards this objective, TCS and Discovery Education have partnered with U.S. school districts in the Washington, D.C. area, Georgia, New York, North Carolina, Pennsylvania, Texas, Michigan and Wisconsin as early adopters and launch sites of this transdisciplinary approach. Since launching in 2017, IMFIS has provided training materials valued at more than $2 million and engaged over 185,000 students and 3,300 educators in all 50 states. To learn more about Ignite My Future in School, go to www.ignitemyfutureinschool.org.

About Tata Consultancy Services Ltd (TCS):
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development. A part of the Tata group, India’s largest multinational business group, TCS has more than 400,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at tcs.com.

To stay up-to-date on TCS news in North America, follow @TCS_NA. For TCS global news, follow @TCS_News.

About Discovery Education:
As the global leader in standards-based digital content for K-12 classrooms worldwide, Discovery Education is transforming teaching and learning with award-winning digital textbooks, multimedia content, professional learning, and the largest professional learning community of its kind. Serving 4.5 million educators and over 50 million students, Discovery Education’s services are available in approximately half of U.S. classrooms, 50 percent of all primary schools in the UK, and more than 50 countries around the globe. Inspired by the global media company Discovery, Inc., Discovery Education partners with districts, states, and like-minded organizations to captivate students, empower teachers, and transform classrooms with customized solutions that increase academic achievement. Explore the future of education at DiscoveryEducation.com. Stay connected with Discovery Education on FacebookTwitter and Instagram @DiscoveryEd.

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/middle-school-educators-across-southeast-michigan-adopt-computational-thinking-curriculum-to-prepare-students-for-21st-century-careers-300700229.html

SOURCE Tata Consultancy Services

WASHINGTON, Aug. 21, 2018 /PRNewswire/ — Over 400 innovators, investors and Realtors® will gather in San Francisco August 29-30 for the National Association of Realtor®’s inaugural Innovation, Opportunity & Investment Summit, to debate, discuss and collaborate on real estate’s most pressing technology issues. During the summit, real estate technology companies, the investment community and business executives will join Realtors® to tackle key technology developments such as artificial intelligence, virtual reality and augmented reality.  

National Association of Realtors logo (PRNewsFoto/National Association of Realtors)

“One of my first initiatives I outlined when I became CEO was to bring the tech firms that many consider to be disruptors under the tent as innovators, and turn them into advocates for our members. The iOi Summit will identify technology tools and future advocates that are Realtor®-friendly and help us advance our members-first mission. The future of real estate technology is rapidly changing and the iOi Summit is an opportunity to embrace, leverage and be part of the change that surrounds our industry,” said NAR CEO Bob Goldberg

WHAT:           Innovation, Opportunity & Investment (iOi) Summit

WHEN:           August 29-30, 2018

WHERE:        Bespoke, Westfield San Francisco Centre, 865 Market St, San Francisco, California 94103

REGISTER:   Contact NAR’s Strategic Business, Innovation and Technology Team by phone: 312-329-8524 or email: [email protected]

Registration is free for credentialed media and is required to attend sessions. For conference updates and on-site information, visit https://www.nar.realtor/events/ioi

During the iOi Summit, Second Century Ventures, NAR’s wholly owned strategic investment arm, will host a pitch battle where founders can compete to establish their companies as the most innovative startups in real estate. A select group of real estate-focused tech startups will compete with live demos in front of venture capitalists, technology innovators, brokers and real estate professionals to help define the future of real estate. This event will also feature a hackathon to bring developers from established and startup tech companies to the table.

The hackathon aims to find new and novel approaches to how artificial intelligence and machine learning will affect real estate, and how to incorporate them for the benefit of Realtors®.   

Throughout the summit, Realtors® will attend sessions and hear from TaskRabbit founder, Leah Busque, California Attorney General Xavier Becerra, Washington, D.C. Attorney General Karl Racine, leaders in the technology and startup industry, as well as 2018 NAR President Elizabeth Mendenhall, 2018 NAR Immediate Past President Bill Brown, 2018 NAR President-Elect John Smaby and NAR CEO Bob Goldberg.

Other confirmed speakers include executives from DocuSign, realtor.com®, and Google.

The National Association of Realtors® is America’s largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.nar.realtor.  

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/realtors-host-premier-tech-summit-in-san-francisco-august-29-30-300700196.html

SOURCE National Association of Realtors

TAIPEI, Taiwan, Aug. 21, 2018 /PRNewswire/ — Recognized for its high-tech manufacturing and its top position in the global supply chains, Taiwan continues to display its economic and technological capabilities that are founded on the tight collaboration between industries and academia. To assist domestic companies in creating values from their innovations on the international market, key ministries and agencies of Taiwan’s government – MOEA, MND, MOE, MOST, COA, and NDC — will be holding Taiwan Innotech Expo 2018 from 27th to 29th of this September at Exhibition Hall 1 of the Taipei World Trade Center. The event will run under the grand theme of “Innovation Shaping Our Future” and bring together exhibitions related to Taiwan’s 5+2 Major Innovative Industries. Top companies and R&D organizations from over 50 countries across North America, Asia Pacific, Europe, and other regions of the world have been gathered to participate in this technological exchange. In highlighting the government’s New Southbound initiative, the event organizers have also invited exhibitors from Southeast Asia, South Asia, and Australasia. Both domestic and international exhibitors will be showing off their best innovations to visitors who are eager to develop new commercial applications, create original user experiences, and find effective solutions to their technological bottlenecks.

The 2018 "Taiwan Innotech Expo" focuses on innovative technologies from the 5+2 Industrial Transformation Plan, features three Expo parks with themes of "Future Technology", "Innovative Invention", and "Sustainability", and invites Southeast Asian, European, American, and Japanese organizations to participate and exhibit with the goal of promoting Taiwan to be the major platform for international R&D exchanging.

Event highlights “Future Technology,” “Sustainability,” and “Innovative Invention”

Exhibitions at Taiwan Innotech Expo 2018 will be organized under three thematic sections – “Future Technology,” “Sustainability,” and “Innovative Invention.” The first section covers technologies scheduled for commercialization and deployment during the next several years in the following areas: smart manufacturing, digital services, smart life, and biotechnologies. The second section covers long-term R&D efforts on advanced new agriculture and green energy technologies. The third theme covers prototypes and technologies that can immediately enter commercialization to satisfy the needs of the society or industries. Formats of the exhibitions will vary, but they generally represent the realization of smart technologies in different applications and environments, such as transportation, home life, learning/education, entertainment, machinery, and defense technologies.

The layouts of the three thematic sections have been carefully designed with the intention of helping event participants to quickly achieve their objectives, such as finding market channels, matching buyers with sellers, and collaborating with foreign companies. For example, the “Future Technology Section” will feature an IoT-based interactive system that uses RFID to enhance the visitors’ experiences with the exhibitions.

Taiwan Innotech Expo 2018 will be showing technological offerings from a wide range of industries. Many of them are expected to generate significant values for specific application fields. Taiwan’s Industrial Technology Research Institute (ITRI) has developed a medical instrument for rapid diagnosis of infectious diseases. The Hand-held Infectious Disease Detection System, which weighs just 700 grams, can process molecular detection within 30 minutes to identify the viral or bacterial infection. It has enormous potential in the Point-of-Care-Test market especially in tele-healthcare. Also, Japan’s R&D powerhouse TCI will be displaying its biofuel generator and waste heat recovery generator. TCI’s exhibition on thermal generation technologies will be an interesting reference for those wanting to expand the domestic green energy sector. In addition, the World Vegetable Center will be at the event to introduce new strains of tomatoes and peppers that are resistant to heat and diseases. Taiwan is a founding member of the World Vegetable Center along with the United States, Japan, South Korea, Thailand, Vietnam, the Philippines, and the Asian Development Bank. Other renowned enterprises and R&D organizations that will be joining Taiwan Innotech Expo 2018 include Amazon Web Services and Microsoft from the United States, Japan’s Nissan Motor, Denmark’s Ørsted, France’s Virbac, and Thailand’s NSTDA.

Intellectual property (IP) ownership is an important index of competitiveness. Hence, this year’s Taiwan Innotech Expo will open with the “International IP Strategy and Cross-Industry Innovation Summit 2018” that will be held on September 27th at the Taipei International Convention Center. The summit aims to impart valuable lessons on patent rights, technology licensing, technology investment strategies, M&A deals, and R&D collaboration between industry and academia. In addition, there will be discussions on trends in the technology sector with a special focus on artificial intelligence (AI) and the blockchain technology. Key presenters at the summit include Prof. Dr. Heinz Goddar, former president of LES International; John Han, VP of Qualcomm Technology Licensing; Jason Tsao, COO of Microsoft Taiwan and head of AI team in Microsoft’s Greater China operation; Ethan Tu, founder and CEO of Taiwan AI Labs; and Katharine Ku, director of the Office of Technology Licensing and the Industry Contracts Office at Stanford University. The majority of the summit participants are expected to come from the top-level managerial teams of major global companies.

Taiwan’s government cordially invite representatives from businesses, academia, and news media worldwide to take part in Taiwan Innotech Expo 2018 that will run during September 27th-29th at Exhibition Hall 1 of the Taipei World Trade Center. With the infusion of cutting-edge technologies and valuable patents, this annual event has risen as a global hub for exchanges of solutions, expertise, and talents. Besides opening up scores of opportunities, the event also demonstrates Taiwan’s international presence and promotes cooperation among regional partners. This year’s edition will especially act as a bridge for the transfers of technological innovations between Southeast Asian and developed countries.

Taiwan Innotech Expo 2018
Show Dates:
Sept. 27 (Thurs) – Sept. 29 (Sat), 2018
9:30am  5:30pm

Venues:
TWTC Exhibition Hall 1,
No.5, Sec.5, Xin-yi Rd., Taipei City, Taiwan

Website:
https://tie.twtm.com.tw/WebPage/index.aspx

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/taiwan-innotech-expo-2018-will-demonstrate-national-rd-strengths-and-foster-global-ties-300700050.html

SOURCE Taiwan Innotech Expo

SHAFFHAUSEN, Switzerland, Aug. 21, 2018 /PRNewswire/ — Acronis, a global leader in cyber protection and hybrid cloud solutions, today released the 15-year Anniversary Edition of its award-winning personal backup software, Acronis True Image 2019. In making the announcement, Acronis revealed that its artificial intelligence-based anti-ransomware technology – which is integrated into all of its backup solutions, including the new product – stopped more than 200,000 ransomware attacks on 150,000 customers last year. With current ransoms demanding an average of $522 per attack, the defense prevented more than $104 million in damages.

Acronis logo (PRNewsFoto/Acronis)

The success of personal backup software with an integrated anti-ransomware shield is the latest example of how Acronis constantly redefines what modern data protection is. That leadership is why Acronis’ technology is relied on by users of all types – from top sports organizations like Arsenal Football Club and Williams Martini Formula 1 Racing, to everyday people like Diana Rhodes.

“I have used Acronis for 10 years,” explained Rhodes. “I would not trust my treasured memories or my operating system and programs to anyone else. Acronis has saved me and the companies I work for on more than one occasion.”

Innovative leadership
Since its founding in Singapore in 2003, Acronis has consistently led innovation in the backup industry. It was the first company to offer home users real-time disk imaging. It expanded its coverage to include new computing devices like mobile and NAS. Acronis True Image is the only personal backup software that ensures the integrity of data using blockchain authentication and uses AI to defeat the growing threat of ransomware.

Today, Acronis True Image 2019 is the only home solution that allows users to make full image backups to both local and cloud storage, or lets users clone an active system disk on either a Windows or Mac machine – capabilities that strengthen the user’s control over their data protection and management.

President of Acronis John Zanni notes, “How people use data is constantly changing, as are the threats to that data. To create the kind of modern protection users need, our approach is to deliver total cyber protection, blending proven backup with effective security features. The Anniversary Edition of Acronis True Image continues that long-standing commitment.”

The Anniversary Edition of Acronis’ award-winning personal backup solution includes enhancements designed to meet the growing need for protection that is safe, accessible, private, authentic and secure. As a result, Acronis establishes a new level of cyber protection that is easy-to-use, efficient, and secure.

Easy backup
By adding the ability to create an all-in-one recovery tool on an external hard drive, Acronis True Image 2019 makes restoring a system as easy as plugging in the external drive. Called the Acronis Survival Kit, it is as comprehensive and flexible in emergencies as a Swiss Army Knife – containing everything a user needs to restore a system from boot media to the system partition and all of their backups. 
Creating backups is also easier with new event-based scheduling options, such as automatically backing up when an external USB drive is attached. For a personal backup solution that already offers tremendous customization, the new trigger-based options provide even more flexibility to users.

While Acronis True Image is known for its ability to let users recover their system to the same or dissimilar hardware, improved WinPE media makes the power of Universal Restore even greater. The new WinPE builder streamlines media creation by detecting network adapters and configuring network settings so a user can recover their system through an Ethernet connection as well as a Wi-Fi network.

Efficient operations
Not everyone wants things to be automated, and the new Backup Cleanup utility builds on that desire for data control. It allows users to free up disk space by manually selecting unnecessary versions of backups and deleting unneeded files – so they can keep what’s needed and wipe what’s not.

Some of the enhancements in the 2019 release relate to improving performance rather than adding capabilities. A new file-to-cloud format, for example, increases the reliability and performance of cloud backups for both Windows and Mac, while adjustments to the program’s interface are designed to make the user experience even more intuitive.

Secure data and devices
Finally, the threat from ransomware isn’t going away, so Acronis True Image 2019 features an improved version of that award-winning ransomware defense. In addition to protecting the data, files and systems on the local PC or Mac, the updated Acronis Active Protection technology now protects data on network shares and NAS, addressing the increased reliance of these devices in home networks.

Pricing and Availability
There are three editions of Acronis True Image 2019:

  • Standard is a perpetual license designed for customers who store their data on local drives only. No cloud storage or cloud-based features are included. Pricing starts at $49.99 for one computer.
  • Advanced is a one-year subscription that includes 250 GB of Acronis Cloud Storage and access to all cloud-based features. Pricing starts at $49.99 per year for one computer.
  • Premium is a one-year subscription that includes blockchain-based data certification and electronic signature capabilities, as well as 1 TB of Acronis Cloud Storage. Starts at $99.99 per year for one computer.

All versions include Acronis Active Protection against ransomware and cover an unlimited number of mobile devices. Subscription customers can purchase additional cloud storage as needed.

About Acronis
Acronis sets the standard for cyber protection and hybrid cloud storage through its innovative backup, anti-ransomware; disaster recovery, storage, and enterprise file sync and share solutions. Enhanced by AI-based Active Protection technology, blockchain-based authentication and a unique hybrid-cloud architecture, Acronis protects all data in any environment, including physical, virtual, cloud, mobile workloads and applications.

Founded in Singapore in 2003, today the company is trusted by more than 5 million consumers and 500,000 businesses worldwide, including 79 of the top 100 most valuable brands.

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/acronis-true-image-2019-includes-cyber-protection-that-stopped-more-than-100-million-in-ransomware-damages-300700132.html

SOURCE Acronis

SAN FRANCISCO and BEER SHEVA, Israel, Aug. 21, 2018 /PRNewswire/ — Dojo by BullGuard, a market leader in IoT security, and BGN Technologies, the technology transfer company of Ben-Gurion University of the Negev (BGU) today announced a partnership to develop advanced technologies for automated IoT threat detection utilizing artificial intelligence (AI) and highly advanced machine learning algorithms. Researchers from [email protected], the cyber research lab at BGU, one of the world’s leading sources for cybersecurity research and development, and Dojo by BullGuard will join forces to develop practical, implementable research, which will be part of the Dojo Intelligent IoT Security Platform for Communication Service Providers (CSPs).

Dojo by BullGuard, Smart Cybersecurity for Your Smart Home (PRNewsfoto/BullGuard)

“We’re proud to announce the launch of the new [email protected] by BullGuard research lab. Together, our mutual teams will join forces to expand the frontiers of IoT cybersecurity and move the sector forward through our findings,” said Professor Yuval Elovici, Software and Information Systems Engineering, and Director of Ben-Gurion University Cyber Research Lab.

Ben-Gurion University is considered a world leader in the field of cybersecurity research, while award-winning Dojo by BullGuard offers advanced cloud based IoT cybersecurity platform designed from the ground up for the service provider market. The Dojo Intelligent IoT Security Platform for CSPs (DIP) was designed from its early days as an IoT security solution at CSP scale, providing an end-to-end cyber security and privacy solution for all IoT connected devices. The platform is easily integrated into any CSP’s network. Using DIP, CSPs can leverage their existing network connectivity services and offer enterprise-grade cybersecurity and privacy services to their customers.

The IoT market is exploding, with consumer spending on smart home systems and services predicted to reach $158 billion by 2020 (Source: Strategy Analytics). “An estimated 80 percent of IoT devices have built-in vulnerabilities, creating a tremendously vulnerable IoT landscape,” said Yossi Atias, general manager, IoT Security at BullGuard. “Many IoT devices are not properly designed cybersecurity-wise.  As a result, they introduce multiple cybersecurity risks for both physical and digital assets, posing significant risk to data integrity and privacy. The joint research partnership between Dojo by BullGuard and [email protected] will foster cybersecurity innovation. The technology will be used to advance the Security of Things, with a high level focus on threat detection and privacy issues created by IoT devices.”

About BGN Technologies
BGN Technologies is the technology company of Ben-Gurion University, Israel. BGN Technologies brings technological innovations from the lab to the market and fosters research collaborations and entrepreneurship among researchers and students. To date, BGN Technologies has established over 100 startup companies in the fields of biotech, hi-tech, and cleantech as well as initiated leading technology hubs, incubators, and accelerators. Over the past decade, BGN Technologies has focused on creating long-term partnerships with multinational corporations such as Deutsche Telekom, Dell-EMC, IBM and PayPal, securing value and growth for Ben-Gurion University as well as the Negev region. For more information, visit the BGN Technologies website.

About Ben-Gurion University and [email protected]
Ben-Gurion University of the Negev is the fastest growing, research university in Israel, fulfilling the vision of David Ben-Gurion, Israel’s first prime minister, who envisaged the future of Israel emerging from the Negev. From medicine to the humanities to the natural sciences, BGU conducts groundbreaking research and offers insightful instruction. The University is at the heart of Beer-Sheva’s transformation into Israel’s cyber capital, where leading multi-national corporations leverage BGU’s expertise to generate innovative R&D. A third of Israel’s engineers graduate from BGU, with that number destined to rise as the IDF moves south and sends its brightest to swell the ranks of BGU’s student body. To accommodate that growth, BGU has launched an ambitious campaign to double the size of its main campus. [email protected] is an umbrella organization at Ben-Gurion University of the Negev and is home to various cybersecurity, big data analytics and AI applied research activities. Residing in a newly established R&D center at the new high tech park of Israel’s Cyber Capital, Beer Sheva, [email protected] serves as a platform for the most innovative and technologically challenging projects with various industrial and governmental partners. As it counts up to its fiftieth anniversary, the University’s research becomes ever more relevant as its global reach broadens. http://in.bgu.ac.il/en/Pages/default.aspx.

About BullGuard
BullGuard is a market leader in consumer cybersecurity. We make it simple to protect everything in your digital life – from your data, to your identity and your smart home. The BullGuard product portfolio extends to PCs, Macs, and Android tablet and smartphone protection, and includes internet security, comprehensive mobile security and 24/7 identity protection. BullGuard released the world’s first IoT vulnerability scanner and leads the consumer cybersecurity industry in providing continuous innovation.

Dojo by BullGuard is an award-winning intelligent cyber defense system and service that provides the highest level of protection to consumers across all of their connected devices and smart homes. Dojo is the cornerstone of a smart home, ensuring a connected world where every consumer in every home, is smart, safe and protected.

Privately held, BullGuard is based in Bucharest, London, Silicon Valley and Herzliya, Israel. Follow us on Twitter @BullGuard and @DojoSafe, like us on Facebook at BullGuard and Dojo or learn more at https://www.bullguard.com.

All trademarks contained herein are the property of their respective owners.

Media Contacts:

Mindy M. Hull

Tsipi Haitovsky       

Mercury Global Partners for BullGuard

Global Media Liaison for BGN Technologies

+1 415 889 9977

+972 52 598 9892

[email protected] 

[email protected]

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/dojo-by-bullguard-and-bgn-technologies-form-strategic-partnership-to-develop-advanced-iot-security-technology-300700027.html

SOURCE BullGuard

SAN FRANCISCO, Aug. 21, 2018 /PRNewswire-PRWeb/ — PRO Unlimited, a global innovator of contingent workforce management software and services, has been named the winner of six Stevie® Awards, including Gold Awards in the “Best New Product of the Year – Software – Business or Competitive Intelligence Solution” and “Best App – Productivity” categories in the 15th Annual International Business Awards®. PRO’s Wand VMS was also recognized in the “Best New Product or Service of the Year – Software – Human Capital Management Solution” and “Best New Product or Service of the Year – Software – Artificial Intelligence / Machine Learning Solution” categories.

The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2018 IBAs received entries from 74 nations and territories.

Judges in the “Best App – Productivity” category honored PRO’s VMS app, Wand® Mobile, which empowers managers, suppliers and employees within the contingent workforce lifecycle to be more productive by completing key workforce tasks anytime and anywhere. The latest addition to the Wand Mobile family is the Wand Mobile Supplier App, an industry-first iOS/Android VMS app that enables account managers, recruiters and billing specialists to increase their productivity on the go.

“This is an excellent app!” commented one of the judges about Wand Mobile. “Very easy-to-understand user flow and a clean visual design. Great job!”

In the “Best New Product of the Year – Software – Business or Competitive Intelligence Solution” category, PRO was recognized for the “amazing innovation” of its Total Talent Solutions offering, which provides clients with total visibility into both contingent AND full-time resources across the entire organization – an industry first. An extension of PRO’s Wand Discovery business intelligence tool, Total Talent Solutions helps managers and executives determine the best way to engage talent across all categories from a cost, quality and risk perspective.

In the area of artificial intelligence, PRO was honored for its leading-edge Wand AI suite – comprised of the Wand Sourcing Platform, Wand Merlin, the Wand Campus App and the Wand Badge App – which uses technologies such as machine learning, natural language processing and augmented reality to improve contingent workforce management in areas like requisition creation, job sourcing and mobile interaction.

Stevie Award winners were determined by the average scores of more than 270 executives worldwide who participated on 12 juries.

“This year’s Stevie Award winners in the IBAs are the most distinguished group of winners we’ve had yet,” said Michael Gallagher, president and founder of the Stevie Awards. “We raised the minimum average score from the judges required to qualify as a Stevie winner, so 2018 winners should be especially proud of their achievements. We look forward to presenting their Stevies to them in London on October 20.”

Details about The International Business Awards and the lists of Stevie Award winners are available at http://www.StevieAwards.com/IBA.

About PRO Unlimited
PRO Unlimited, through its purely vendor-neutral Managed Services Program (MSP) and Vendor Management Software (VMS) solutions, helps organizations around the world address the costs, risks, and quality issues associated with managing a contingent workforce. A pioneer and innovator in the VMS and MSP space, PRO offers solutions for e-procurement and management of contingent labor, 1099/co-employment risk management, and third-party payroll for client-sourced contract talent.

About the Stevie® Awards
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Follow PRO Unlimited:
https://twitter.com/PROUnlimited
https://twitter.com/WandVMS
http://www.linkedin.com/company/pro-unlimited

 

SOURCE PRO Unlimited