Press Releases

Apttus Recognized as a Leader in the 2018 Gartner Magic Quadrant for Configure, Price and Quote Application Suites

SAN MATEO, Calif., Feb. 1, 2018 /PRNewswire/ — Apttus, the global leader in Quote-to-Cash and Contract Lifecycle Management solutions utilizing artificial intelligence (AI), today announced that Gartner, an independent research and advisory firm, named Apttus a Leader in the Magic Quadrant for Configure, Price and Quote Application Suites.*

Apttus Logo (PRNewsFoto/Apttus)

Gartner evaluated 11 CPQ vendors based on their ability to execute and completeness of vision,  and placed Apttus in the Leaders quadrant. From Apttus’ perspective, this research represents the latest in a series of third party analyst reports that recognize the value of Apttus CPQ – a key pillar in the Apttus Quote-to-Cash footprint.

  • Gartner estimates that “market revenue for configure, price and quote software was approximately $878 million in 2016, with growth of 20% per year expected through 2020.”
  • The report notes that “Leading CPQ solutions support the creation of quotes and capturing of orders across multiple channels of customer interaction (such as direct sales, contact center, point-of-sales, resellers, and customer self-service).”
  • The report further notes that implementing a CPQ solution should have demonstrable bottom-line impact with “Intelligent discounting guidance, enforcement of discounting guidelines and linking sales rep compensation to margin results in higher margins…Guided upsells and cross-sells drive additional revenue and higher margins.”
  • The report further states, “Gartner clients are almost uniformly seeking to procure cloud/SaaS CPQ software solutions.”

Apttus Intelligent CPQ software helps enterprises improve generation of new leads, identify cross-sell/up-sell opportunities, and accelerate sales cycle times by a factor of five or more, greatly streamlining global practices, increasing sales effectiveness, margins, and ultimately an enterprise’s revenue.

“After we implemented Apttus CPQ, the functionality of our quotes for our sales reps was dramatically improved,” said Jack Borland, sales operations manager at Wolters Kluwer, a global company that provides information, software, and services. “The ability to take a quote and present it with the appropriate legal terms and conditions relevant to a customer buying in, in a specific fashion is a tremendous benefit.”

“We believe Apttus’ extensible, enterprise-grade, Intelligent Middle Office platform represents the most comprehensive solution for optimizing what is arguably the most critical process in business – the generation of revenue and management of commercial relationships,” said Kirk Krappe, CEO at Apttus. “CPQ is a key component of our platform. We see this Magic Quadrant recognition as a validation of our consistent innovation and leadership in providing a world-class experience for our customers.”

*Gartner, “Magic Quadrant for Configure, Price and Quote Application Suites,” Mark Lewis, Melissa A. Hilbert, 29 January 2018.

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

About Apttus
Apttus is a Silicon Valley-based global provider of the Intelligent Middle Office platform allowing enterprises to automate and optimize their most critical revenue and commercial relationship management processes. Apttus is powered by the Apttus Intelligent Cloud, a hybrid-cloud platform utilizing the most advanced technologies from Salesforce, Microsoft and IBM. Analysts rank Apttus as the global gold standard for Quote-to-Cash (QTC) and Contract Lifecycle Management (CLM) solutions. Apttus’ innovations include Max, the company’s Applied Artificial Intelligence that enables enterprises to achieve superior business outcomes. Apttus partners with a world-class ecosystem. Apttus customers include hundreds of the world’s mid-sized organizations and the who’s who of the Global 1000.

Press contact: Alex Cohen
press@apttus.com

 

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SOURCE Apttus

TraceLink Expands Leadership Team with New Senior Vice President of Engineering and New Chief Technology Officer Appointment

NORTH READING, Mass., Feb. 1, 2018 /PRNewswire/ — TraceLink Inc., the World’s Largest Track and Trace Network for connecting the life sciences supply chain and providing real-time information sharing for better patient outcomes, today announced two key new senior leadership appointments: John Hogan hired as senior vice president of engineering and Bob Sturim promoted as Chief Technology Officer. Both senior leaders will assist in guiding TraceLink’s high-level strategy and technology operations as the Company delivers on its 2018 goals to continue its global growth and market leadership in serialization compliance and advance its Information Sharing Network Platform, by delivering new network value applications for its customers.

“With our unique architecture, vast network of 265,000 trading partners and billions of serialized data already flowing through our Life Sciences Cloud, we are effectively building the digital supply chain for life sciences and transforming the future of medicine with real-time information sharing. As we rapidly expand the information-sharing capabilities of our network platform, we’ve added two new senior leaders to the TraceLink executive team who will play critical roles as we evolve our business,” said Shabbir Dahod, president and CEO of TraceLink. “I am thrilled to welcome John to TraceLink to lead the entire global engineering team in continuing to develop and deliver our proven, industry-leading, legacy compliance solution. And, I am pleased to announce Bob as our new Chief Technology Officer, where he will focus on the expansion of the TraceLink system architecture as an extensible network platform, incorporating reporting, business intelligence, visualization, predictive analytics and artificial intelligence into innovative new applications that drive more network value.”

Joining TraceLink as the new senior vice president of engineering, John Hogan will be responsible for managing the engineering development organization to drive the execution and delivery of product releases and software updates, while ensuring seamless collaboration with the Company’s strategy to deliver an extensible value network platform. With 25 years in global software development, Hogan has held executive positions in software engineering at startups, early-stage, and late-stage companies, building product, customer success and support teams at Informix, Plumtree Software, Unica Corporation, Oracle and IBM. Prior to TraceLink, Hogan was vice president of engineering at Boston-based cybersecurity startup Barkly, where he was responsible for product development and building out the company’s unique approach to endpoint protection. Prior to Barkly, he served as VP of Engineering and Director, EMM Products and Operations at both Unica and IBM, where he was responsible for product strategy, development and hosting operations for both SaaS and traditional product lines.

“TraceLink’s technology will truly enable a transformation in the industry and I am excited to come onboard during a pivotal time of growth and innovation. In leading the engineering development team, my mission is to help foster an environment where engineers can collaborate in building great products, thrive in their careers, and continually evolve practices that drive quality and agility,” said Hogan.

Formerly vice president of engineering at TraceLink, Bob Sturim has led the TraceLink engineering team since 2012, spearheading the product design, implementation, and testing of the TraceLink Life Sciences Cloud to ensure the seamless processing and tracking of billions of serialized pharmaceutical products across the supply chain. In his role as Chief Technology Officer, Sturim will deliver on the strategic long-term vision of the Company by further expanding the network foundation into an extensible value platform to enable an information sharing network with value-added applications.

“In my tenure at TraceLink, I am constantly motivated by the Company’s ability to not only innovate, but also consistently execute on its vision and strategy to deliver high value and critical products to its customers. I am delighted to be moving into the Chief Technology Officer position, which will allow me to focus on leading the Company’s strategy to develop a next-generation extensible platform and ensure that our customers have a fully aligned and seamless experience to not only meet compliance requirements, but grow their businesses using the TraceLink network,” said Sturim.

With 265,000 life sciences companies, distributors, hospitals and clinics on its network, TraceLink has built the industry’s only end-to-end digital information sharing platform for the pharmaceutical supply chain. TraceLink facilitates the fastest and most comprehensive trade partner and system integrations for serialization, and eliminates the complexities associated with point to point connections

About TraceLink
TraceLink is the World’s Largest Track and Trace Network for connecting the Life Sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace. Leading businesses trust the TraceLink Life Sciences Cloud to deliver complete global connectivity, visibility and traceability of pharmaceuticals from ingredient to patient. A single point and click connection to the Life Sciences Cloud creates a supply chain control tower that delivers the information, insight and collaboration needed to improve performance and reduce risk across global supply, manufacturing and distribution operations. A winner of numerous industry awards including Deloitte’s Technology Fast 500 (ranked number 177 in 2017), the Amazon AWS Global Start-Up Challenge Grand Prize, and the Edison Award for Innovation in Health Management, the Life Sciences Cloud is used by businesses across the globe to meet strategic goals in ensuring global compliance, fighting drug counterfeiting, improving on-time and in-full delivery, protecting product quality and reducing operational cost. For more information on TraceLink and our solutions, visit www.tracelink.com or follow us on LinkedIn, Twitter and Facebook.

TraceLink is funded by Goldman Sachs, FirstMark Capital, Volition Capital and F-Prime Capital.

 

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SOURCE TraceLink

Battle of the Generations: Who Knows the Most About Ransomware?

BROOMFIELD, Colo., Feb. 1, 2018 /PRNewswire/ — As massive data breaches like Equifax and Yahoo continue to affect millions of Americans, Webroot, the Smarter Cybersecurity® company, set out to discover how these incidents are impacting cybersecurity awareness—and precautions—among different generations.

Webroot logo. (PRNewsFoto/Webroot)

The company surveyed more than 2,000 US-based home users about their cybersecurity knowledge and practices, and found that while users of all ages have some practices down (such as not clicking links in messages from unknown senders), there are still gaps in their awareness, mostly around ransomware.

In a ransomware attack, hackers encrypt or lock consumers’ files to extort payment. Unless the victim pays the ransom, their files may be gone forever (though there’s no guarantee that payment will buy back their files, either.) Despite the growing prevalence of ransomware attacks in news headlines, including WannaCry and Petya, nearly two thirds (61.6 percent) of survey respondents could not accurately define ransomware.

Click here to see the full survey results.

How do the generations stack up?

Gen-Z (18-24)

  • This group was the least ransomware-savvy. Under a quarter (23.7 percent) were able to accurately define ransomware.
  • Although antivirus offers strong protection against ransomware, members of Gen-Z are likely to report they either don’t use antivirus protection (33 percent), or don’t know if they have any installed (23.8 percent).
  • This same group is the most willing to pay a hacker to return stolen data; 25.1 percent reported they would pay a hacker up to $500 to return stolen data.
  • Thirty-six percent of Gen-Zers who reported they have clicked a link in an email or text from an unknown sender, have also been a victim of a ransomware attack or know someone who has.

Millennials (25-34)

  • While more savvy than their younger counterparts, only a third (34.2 percent) of millennials could accurately define ransomware.
  • Millennials are the selfie generation; nearly a third (28.9 percent) of survey respondents who were most concerned about losing personal photos in a cyberattack were millennials.
  • Over 60 percent of millennials share their personal information online via mobile banking and bill pay, tax, financial and health care forms, or by shopping online. This makes them more vulnerable to data breaches of all types, underscoring the need for cybersecurity knowledge. 

Baby Boomers (55 -65+)

  • While only half (47.6 percent) of baby boomers could accurately define ransomware, this was still the highest of any generation.
  • Respondents 55 and older might be the most unsafe online, as they are most likely to admit to having received suspicious texts or emails (73.3 percent), or having clicked links in emails/texts from unknown senders (26.9 percent).
  • Despite the risks they face, Baby Boomers are the savviest when it comes to not forwarding emails from unknown senders; 94.2 percent said they had not done so in the past year.

Key Quotes:

Gary Hayslip, Chief Information Security Officer, Webroot 
“Despite the widespread threat ransomware presents, consumers still think they are invulnerable to these types of cybersecurity risks. It’s imperative that users follow basic cybersecurity procedures to protect themselves. Regularly backing up your data, keeping applications current with the latest patches, and running a best-in-class antivirus software are critical to protect against ransomware.” 

Tips for consumers to stay safe:

  • Back up your data. Proactively backing up your files can not only save you thousands, it can save your favorite vacation photos, videos of your kids’ piano recitals, and sensitive information.
  • Use good judgement. Be extra vigilant about the websites you visit, the URLs you click and mobile apps you use.
  • Think before you click. Don’t click links from unknown senders and hover over links before you click to double-check that the URL will really direct you a legitimate website. Or better yet, type the URL into your browser yourself.
  • Skip the public WiFi. Criminals can hack your device if you’re signed into an unsecured network. Instead, opt to use your mobile data or connect to a VPN to secure your session.
  • Choose your cards wisely. If a hacker gets your debit card info, your bank may not replace the money they steal. Credit cards are the safer way to pay.
  • Deactivate Bluetooth. Especially in crowded areas like shopping malls. Bluetooth makes it easier for anyone within range to hack your phone.
  • Use a reliable antivirus software. A good solution should protect your data while providing a seamless user experience.

Additional resources:

Research Methodology
The figures presented are based on 2017 data collected, tracked and analyzed by Google Surveys and SHIFT Communications.

About Webroot
Webroot was the first to harness the cloud and artificial intelligence to protect businesses and individuals against cyber threats. We provide the number one security solution for managed service providers and small businesses, who rely on Webroot for endpoint protection, network protection, and security awareness training. Webroot BrightCloud® Threat Intelligence Services are used by market leading companies like Cisco, F5 Networks, Citrix, Aruba, Palo Alto Networks, A10 Networks, and more. Leveraging the power of machine learning to protect millions of businesses and individuals, Webroot secures the connected world. Headquartered in Colorado, Webroot operates globally across North America, Europe, and Asia. Discover Smarter Cybersecurity® solutions at webroot.com.

Social Media: Twitter | LinkedIn YouTube | Facebook

©2018 Webroot Inc. All rights reserved. Webroot, SecureAnywhere, Webroot SecureAnywhere, Webroot BrightCloud, BrightCloud, and Smarter Cybersecurity are trademarks or registered trademarks of Webroot Inc. in the United States and other countries. All other trademarks are properties of their respective owners. 

 

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SOURCE Webroot

Sabre launches pilot of A.I.-powered chatbot

SOUTHLAKE, Texas, Feb. 1, 2018 /PRNewswire/ — Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, today launched a pilot program of an A.I.-powered chatbot that leverages Microsoft’s Bot Framework and Microsoft Cognitive Services, a set of tools that organizations can use to add intelligent and conversational features to their applications. Sabre is initially piloting the chatbot with the travel agency Travel Services International USA (TSI) and the travelers they serve.

“We are excited to start pilot testing for the bot,” said Chad Callaghan, head of the Sabre Studios incubation team. “We believe the self-service convenience the bot offers will improve travelers’ ability to resolve routine support requests. At the same time, we are happy to help our travel agency customers ensure agents can focus on supporting more complex traveler requests. We will be interested to track how travelers learn about and interact with the bot.”

TSI will test a white-label version of the chatbot with their corporate travelers, who will access the chatbot via Facebook Messenger to address common service and support requests related to existing flight reservations. Using the bot, travelers will be able to ask trip-related questions, make voluntary changes to existing flight reservations, request a special meal, select and pay for a seat, and request an emailed copy of an itinerary. The chatbot will divert to a live travel agent if it is unable to fulfill a request.

“We’ve named the TSI bot, Ella,” noted Claire LeBuhn, vice president, support services at TSI USA. “Ella represents TSI’s heritage of innovation and commitment to exploring new technologies and tools that can help our corporate customers and their busy employees. Travelers can access Ella via the TSI app or directly from TSI’s Facebook page. Ella supports reservations originated by TSI. We are eager to understand how corporate travelers engage with Ella and the kinds of emerging conversational interfaces that she represents.”

Throughout the test, Sabre and TSI will evaluate travelers’ preferences for how often and when they engage the chatbot and when they are likely to divert to a live agent. The companies expect to gain a better understanding of the best way to engage travelers with chatbots and solve for some of the most common friction points associated with chatbots, such as how travelers will initially find the bot.

In developing the chatbot, Sabre is leveraging Microsoft Bot Framework and a selection of Microsoft Cognitive Services, including Language Understanding Intelligent Service (LUIS). One of the key challenges in human-computer interactions is the ability of computers to understand what people want and find relevant information that connects to their intent. Travel applications must recognize a plethora of unique terms and phrases, which adds complexity for industry applications. LUIS provides simple tools to build language models that allow any application or bot to understand commands and act accordingly.

About Sabre
Sabre Corporation is the leading technology provider to the global travel industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

SABR-F

Media contact: sabrenews@sabre.com Investor contact: sabre.investorrelations@sabre.com

Sabre logo. (PRNewsFoto/Sabre) (PRNewsFoto/SABRE)

 

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SOURCE Sabre Corporation

ID Chain Foundation and DeepBrain Chain Foundation establish strategic partnership

SHANGHAI, Jan. 31, 2018 /PRNewswire/ — ID Chain Foundation, Ltd., a Singapore-based registered charitable organization backed by a Silicon Valley, Hong Kong and Taiwan blockchain project research team, and DeepBrain Chain (DBC www.DeepBrainChain.org) Foundation, an organization supported by a blockchain technology-driven AI computing platform, jointly announced the establishment of a strategic partnership, whereby both parties will cooperate on artificial intelligence (AI) and marketing outside of their home markets. ID Chain will take advantage of DBC’s neural network computing nodes, and DBC will help ID Chain cut computing costs, while gaining access to ID Chain’s computing competence.

ID Chain aims to use blockchain technology to meet market demand for certification, which remains largely unmet in the internet era yet is becoming even more urgent with the advent and increasing use of IoT and AI. The approach focuses on leveraging blockchain technology to provide high-efficiency, reliable yet low-cost certification of ID, credit or data between two individuals (or groups of individuals), between an individual and an object (a device or a piece of equipment) or between two objects, in a bid to redefine the global certification industry and provide a fast, highly efficient and reliable certification platform and related tools, through the setting up of a platform of co-managed blockchain nodes.

DBC, a blockchain technology-driven AI computing platform, is committed to helping AI firms worldwide solve industry challenges, reduce computing costs and protect data privacy.

The partnership between ID Chain and DBC, a win-win cooperation, will facilitate the healthy development of a blockchain ecosystem and promote wide adoption of blockchain-based apps.

For information, please visit ID Chain website: http://www.IDChain.live, or social media outlets:

Twitter: https://twitter.com/idchainid
Facebook:
https://www.facebook.com/ID-Chain-861061720739487  
Reddit:
https://www.reddit.com/user/idchain

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SOURCE ID Chain Foundation

Humanity United launches Working Capital, a $23 million venture fund to invest in ethical supply chain innovations

SAN FRANCISCO, Jan. 30, 2018 /PRNewswire-USNewswire/ — Working Capital, an early-stage venture fund, launched today with the goal of accelerating supply chain innovations to enable corporations to operate more transparently and ethically around the world. It was founded by Humanity United, a foundation that is part of The Omidyar Group, a diverse collection of organizations, each guided by its own approach, but united by a common desire to catalyze social impact.

To create this first-of-its-kind fund, Humanity United teamed up with leading brands, foundations, and impact investors that share a commitment for more responsible supply chains. Working Capital operates on a shared vision of building scalable solutions to improve labor practices in the global operations and extended supply chains of multinational corporations. In addition to Humanity United, partners and supporters in the fund include: Walmart Foundation, C&A Foundation, Stardust Equity, Open Society Foundations (Soros Economic Development Fund), The Ray and Dagmar Dolby Family Fund, and The Walt Disney Company. The unique structure of aligning with leading companies as funders helps leverage innovative solutions for sustainable impact in a way that is good for all – consumers, business, and society.

“There is a growing market demand for more transparent and responsible corporate supply chains,” said Ed Marcum, Managing Director at Working Capital. “We see an opportunity to invest in emerging solutions that will meet the demands of large multinational corporations while also benefiting millions of vulnerable workers at the bottom of the economic pyramid.”

The Fund will also leverage support from the UK’s Department for International Development in “sidecar” grant funding for pre-investment and seed-stage interventions.

Led by an experienced team from Humanity United, the Fund has already invested in promising portfolio companies, further demonstrating both the market opportunity for emerging entrepreneurs to develop more innovative solutions, and demand from leading brands to adopt these solutions. Current portfolio companies include:

  • Provenance, a technology platform that uses blockchain to enable brands, suppliers, and stakeholders to trace products along their journey from producer to consumer; and
  • Ulula, a software and data analytics platform that allows organizations to engage with workers in real time to measure and monitor labor-related risks, creating more responsible global supply chains.

Working Capital’s partners and supporters share the Fund’s commitment to reduce worker vulnerability and ensure greater transparency into working conditions.  

“Our aim is to use our strengths in collaboration with others to transform the supply chain systems we rely on, and we are proud to be part of the Working Capital group of partners,” said Kathleen McLaughlin, President of the Walmart Foundation. “We believe in solutions that benefit everyone – from the workers who make the products to the consumers who purchase them, creating a shared value for business and society.”

“C&A Foundation is proud to be an anchor investor in the Working Capital Fund. This unique partnership furthers our goal to end the worst forms of labour exploitation in the apparel industry, and promote accountability through innovative solutions and collaboration with industry players,” said Brandee Butler, Head of Gender Justice & Human Rights of the C&A Foundation. “We believe that gender justice is fundamental to improve conditions for workers and support the Fund’s commitment to gender lens investing to improve outcomes for women, and economic returns for investors.”

To better tackle the various transparency and ethical labor challenges associated with complex supply chains, the Fund focuses on product traceability, worker engagement, sourcing platforms, risk assessment, and ethical recruiting tools by investing in emerging technologies such as blockchain, machine learning, artificial intelligence, digital identity and Internet of Things (IoT) solutions.

About Working Capital

Working Capital is an early stage venture fund that invests in scalable innovations to meet the growing corporate demand for more transparent and ethical supply chains—addressing the urgent need to protect vulnerable workers and source responsibly. It was created by Humanity United, part of The Omidyar Group, a diverse collection of organizations, each guided by its own approach, but united by a common desire to catalyze social impact.

About Humanity United 

Humanity United is a foundation dedicated to bringing new approaches to global problems that have long been considered intractable. We build, lead, and support efforts to change the systems that contribute to problems like human trafficking, mass atrocities, and violent conflict. HU is part of The Omidyar Group, a diverse collection of organizations, each guided by its own approach, but united by a common desire to catalyze social impact.

Media Contact: Liliana Giffen, lgiffen@humanityunited.org, 650-207-3930

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SOURCE Humanity United

Gridsum Signed IIoT Strategic Cooperation Agreement with Bee(R) China

BEIJING, Jan. 31, 2018 /PRNewswire/ — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced that it has signed a strategic cooperation framework agreement with Bee® China (“Bee®“), an energy and facility systems consulting and service firm that offers resource efficiency assessment, intelligence and solutions, to jointly develop and implement optimal operation and management strategies in various energy systems, smart campuses and industrial plants.

According to the terms of the strategic cooperation framework agreement, Gridsum and Bee® will leverage each of their competitive strengths to develop Industrial Internet of Things (“IIoT”) solutions that promote and facilitate energy conservation, emission reduction, big data provision, cloud and fog computation and automation platforms, and modernize/optimize resource management for China’s private and public sectors.

Mr. Guosheng Qi, Chief Executive Officer of Gridsum, commented, “I eagerly look forward to working closely with Bee® on developing IIoT solutions that will leverage our deep experience in cloud-based big-data analytics and extensive AI capabilities. This agreement marks another milestone in our IIoT development. It not only grows our presence in China’s IIoT space following our agreement late last year to jointly develop an IIoT cloud platform with Shandong Province and other IIoT engagements, but also demonstrates our effectiveness and strategy to leverage our core technology competence to build highly scalable big data analytics and AI solutions that can be customized and applied in a number of different areas. Both Bee® and Gridsum share similar philosophies and visions which I believe when combined with our respective technology capabilities, will greatly benefit China’s drive to conserve energy and reduce emissions.”

About Bee®

Bee® (Building energy efficiency) was founded in Austin, Texas in 2009 and is an energy system consulting and service firm that offers energy analyses and solutions based on the most rigorous applications of engineering science and art. Its focus is energy efficiency. Every energy consuming system has an optimum operating range. Bee® strives to detect the most economical balance between efficiency, requirements and reliability. Bee® offers clients on-going technical support through its enterprise platform to help maintain the optimum performance of their energy consuming systems. Performance persistence is as important as the initial identification.

Bee® China advocates data-and-technology-driven full life-cycle energy management by incorporating resource management services throughout a system’s entire life-cycle and breaking barriers among stages from planning, design, construction, to operation and maintenance. Moreover, it focuses on integrated management and optimization to achieve optimum and persistent performance and results.

About Gridsum

Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better informed decisions and be more productive.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, quotations from management in this announcement as well as Gridsum’s strategic and operational plans contain forward-looking statements. Gridsum may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Gridsum’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: unexpected difficulties in Gridsum’s pursuit of its goals and strategies; the unexpected developments, including slow growth, in the digital intelligence market; reduced demand for, and market acceptance of, Gridsum’s solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competitions in the digital intelligence market; PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business conditions in the regions where Gridsum provides solutions and services. Further information regarding these and other risks is included in Gridsum’s reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

For more information, please visit http://www.gridsum.com/.

Investor Relations

Gridsum 
ir@gridsum.com

Christensen
In China 
Mr. Christian Arnell 
Phone: +86-10-5900-1548 
Email: carnell@christensenir.com 

In U.S. 
Mr. Tip Fleming 
Phone: +1 917 412 3333 
Email: tfleming@christensenir.com

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SOURCE Gridsum Holding Inc.

Gaming Partners International Corporation, BrainChip Inc., and Xuvi, LLC Signed Licensing and Development Agreement

NORTH LAS VEGAS, Nev., Jan. 31, 2018 /PRNewswire/ — Gaming Partners International Corporation (NASDAQ: GPIC), a worldwide leading provider of casino table products, currency, and radio frequency identification (RFID) solutions, has entered global licensing and development agreements to develop an advanced Automated Table Solution (ATS) with BrainChip Holdings Ltd. (ASX: BRN), a leading developer of accelerated solutions for artificial intelligence (AI) applications, and with Xuvi, LLC, a data science company that uses immersive data analytics and automation for intelligent data-driven decisions.

“We look forward to partnering with GPI to bring table game automation technology to casino operators,” said Arun Rajaraman, CEO at Xuvi. “The combined technology will empower casinos with predictive analytics, real-time and accurate comp decisions, secure table currency, protect table games from fraud, improve productivity, and optimize revenues, all using immersive data analytics and artificial intelligence.”

BrainChip’s President, Louis DiNardo commented, “GPI has very deep expertise in casino game operations, a broad base of existing customers, and a premier global sales and service team that will bring these products to market. Our Artificial Intelligence expertise is well suited to address the challenges of achieving high quality video analytics in the difficult casino environment. We are very excited about this development.”

Greg Gronau, GPI’s President and CEO commented, “With our new Automated Table Solution (ATS), GPI will leverage BrainChip visioning technologies, Xuvi’s immersive data analytics, and GPI’s radio frequency identification to provide currency security, game protection and trend analysis, accurate comping, and marketing automation. GPI acknowledges this is a major step forward in developing the Automated Table Solution.”

About Gaming Partners International Corporation (NASDAQ:GPIC)
GPIC manufactures and supplies casino table game equipment to licensed casinos worldwide. Under the brand names of Paulson®, Bourgogne et Grasset®, Gemaco®, Dolphin® and Bud Jones®, GPIC provides casino currency, including chips, plaques and jetons; playing cards; table layouts; gaming furniture and table accessories; dice; and roulette wheels. GPIC pioneered the use of security features like radio frequency identification device (RFID) technology in casino currency, and offers RFID solutions including RFID readers, software, and displays. Headquartered in North Las Vegas, Nevada, GPIC also has facilities in Beaune, France; San Luis Rio Colorado, Mexico; Blue Springs, Missouri; Atlantic City, New Jersey; Gulfport, Mississippi; and Macau S.A.R., China. For additional information, please visit www.gpigaming.com.

About Xuvi, LLC:
Xuvi, LLC is a Las Vegas, NV based data science company – empowering gaming, retail and hospitality operators with immersive data analytics & automation to engage consumers, increase operational efficiency, and optimize revenues using artificial intelligence. Xuvi’s easy-to-use BeamStudio™ platform (powered by SpendScore™ – a patent-pending guest valuation scoring index) harnesses big data & machine learning to deliver enterprise-wide predictive insights, prescriptive automation, real-time trend detection and optimizes marketing re-investment, guest valuation, equipment and service yield management, staffing levels, inventory levels and fraud prevention.  For more information, visit www.xuvi.com.

About BrainChip Holdings Ltd (ASX:BRN)
BrainChip Holdings Ltd. is a leading provider of software and hardware-accelerated solutions for Advanced artificial intelligence and machine learning applications.  The Company has developed a revolutionary new spiking neural network technology that can learn autonomously, evolve and associate information just like the human brain. The technology, which is proprietary, is fast, completely digital and consumes very low power. The Company provides software and hardware solutions that address the high-performance requirements in civil surveillance, gaming, facial recognition and visual inspection systems. For more information, visit www.brainchipinc.com.

Safe Harbor Statement:
This release contains “forward-looking statements” based on current expectations inherently subject to known and unknown risks and uncertainties, including statements relating to new product offerings; manufacturing capabilities and operational efficiencies; anticipated future sales; the long-term growth and prospects for our business or any jurisdiction in which we operate; and the long term potential of the RFID casino currency solutions market and our ability to capitalize on any such growth opportunities. Actual results or achievements may be materially different from those expressed or implied. Our plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, the timing of and ability to consummate acquisitions, and future business decisions and other risks and uncertainties identified in “Risk Factors” of our Annual Report on Form 10-K for the period ended December 31, 2016; all of which are difficult or impossible to predict accurately, beyond our control, or subject to change. There is no assurance any forward- looking statement will prove to be accurate.

For Further Information, Contact:                        
Gregory S. Gronau, President and Chief Executive Officer
PH: 702.384.2425
FX: 702.384.1965

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SOURCE Gaming Partners International Corporation

Cavium Announces Financial Results for Q4 2017

SAN JOSE, Calif., Jan. 31, 2018 /PRNewswire/ — Cavium, Inc. (NASDAQ: CAVM), a leading provider of semiconductor products that enable intelligent processing for enterprise, data center, cloud, wired and wireless networking, today announced financial results for the fourth quarter ended December 31, 2017. Due to the pending merger with Marvell Technology Group Ltd. (“Marvell”), the Company will not schedule an earnings conference call.

Net revenue in the fourth quarter of 2017 was $260.4 million, a 3.3% sequential increase from the $252.0 million reported in the third quarter of 2017 and 15.1% from the $226.2 million reported in the fourth quarter of 2016.

Generally Accepted Accounting Principles (GAAP) Results

Net loss for the fourth quarter of 2017 was $1.1 million, or ($0.02) per diluted share, compared to $6.2 million, or ($0.09) per diluted share in the third quarter of 2017. Gross margins were 53.9% in the fourth quarter of 2017 compared to 54.6% in the third quarter of 2017. As a percentage of revenue, GAAP loss from operations was 4.7% in the fourth quarter of 2017 compared to GAAP operating income of 0.2% in the third quarter of 2017. Total cash and cash equivalents were $140.5 million at December 31, 2017.

The GAAP results of operations in the fourth quarter of 2017 included an income tax benefit of $11.1 million as a result of the Company’s preliminary assessment of the impact of the newly enacted U.S. Tax Reform. On December 22, 2017, the United States enacted tax reform legislation through the Tax Cuts and Jobs Act (the “Act”), which significantly changes the existing U.S. tax laws. Major reforms in the legislation include a reduction in the corporate tax rate from 35.0% to 21.0%, and a move from a worldwide tax system to a territorial system. As a result of enactment of the legislation, the Company recognized a tax benefit mentioned above due to the reduction in its net long term deferred tax liabilities recorded on its consolidated balance sheet. Although the Company believes the amount of recognized tax benefit is a reasonable estimate of the income tax effects of the Act, it should be considered provisional and may differ from the amounts that will be reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 as the Company continuously refines its assessment of the impact. Further, the final assessment of the impact of the Act may differ due to and among other things, changes in interpretations, assumptions made by the Company, the issuance of additional guidance, and actions the Company may take as a result of tax reform. The SEC has issued rules which allow for a measurement period of up to one year after the enactment date of the Act to finalize the accounting for the related tax impacts. Any adjustments to these provisional amounts will be reported as a component of income tax expense or benefit in the reporting period in which any such adjustments are determined, which will be no later than the fourth quarter of 2018.

Non-GAAP Results                  

Cavium believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Cavium’s financial condition and results of operations. Cavium believes that these non-GAAP financial measures provide additional insight into Cavium’s ongoing performance and core operational activities and has chosen to provide these measures for more consistent and meaningful comparison between periods. These measures should only be used to evaluate Cavium’s results of operations in conjunction with the corresponding GAAP measures. The Non-GAAP results exclude the effect of stock-based compensation and related payroll taxes, amortization of acquisition related assets, acquisition related inventory charges, acquisition and integration related costs, tax reform impact and acquisition related tax adjustment. The acquisition and integration related costs in the fourth quarter of 2017 included various transaction-related charges associated with the pending Merger with Marvell, primarily financial advisory and outside legal fees. The reconciliation between GAAP and non-GAAP financial results is provided in the financial statements portion of this release.

In the fourth quarter of 2017, Non-GAAP net income was $60.8 million, or $0.83 per diluted share, Non-GAAP gross margin was 65.2% and Non-GAAP income from operations as a percentage of revenue was 24.2%.

Recent News Highlights                                           

  • January 23, 2018Cavium FastLinQ® Enables Scalable Networking for HyperConverged Infrastructure
  • December 5, 2017Cavium Partners with IBM for Next Generation Platforms by Joining OpenCAPI
  • November 28, 2017Cavium FastLinQ® Delivers Advanced Networking I/O for HPE Gen 10 Servers
  • November 20, 2017Marvell and Cavium to Combine Creating an Infrastructure Solutions Powerhouse
  • November 14, 2017Microsemi Announces Adaptec Smart Storage Adapter Support for Cavium ThunderX2 ARM-Based CPUs
  • November 13, 2017HPE Helps Businesses Capitalize on High Performance Computing and Artificial Intelligence Applications with New High-Density Compute and Storage
  • November 13, 2017Cray Catapults Arm-Based Processors Into Supercomputing
  • November 13, 2017GIGABYTE Announces Production Availability of Cavium’s ThunderX2-based Server Portfolio
  • November 13, 2017Ingrasys Announces Production Systems Based on Cavium’s ThunderX2 Processor
  • November 13, 2017Cavium and Leading Partners to Showcase ThunderX2™ Arm-based Server Platforms and FastLinQ® Ethernet Adapters for High Performance Computing at SC17
  • November 8, 2017Cavium™ ThunderX2 Motherboard Specification for Microsoft’s Project Olympus Contributed to the Open Compute Project
  • November 7, 2017University of Michigan Partners with Cavium™ on Big Data Computing Platform for U-M Researchers

About Cavium

Cavium, Inc. (NASDAQ: CAVM), offers a broad portfolio of infrastructure solutions for compute, security, storage, switching, connectivity and baseband processing. Cavium’s highly integrated multi-core SoC products deliver software compatible solutions across low to high performance points enabling secure and intelligent functionality in Enterprise, Data Center and Service Provider Equipment. Cavium processors and solutions are supported by an extensive ecosystem of operating systems, tools, application stacks, hardware reference-designs and other products. Cavium is headquartered in San Jose, CA with design centers in California, Massachusetts, India, Israel, China and Taiwan. For further information, please visit the investor relations section of the Cavium web site at http://www.cavium.com.

CAVIUM, INC.

Unaudited GAAP Condensed Consolidated Statements of Operations

(in thousands, except per share amounts)

Three Months Ended

December 31, 2017

September 30, 2017

Net revenue

$

260,361

$

251,987

Cost of revenue

119,921

114,455

Gross profit

140,440

137,532

Operating expenses:

     Research and development

98,610

93,860

     Sales, general and administrative

53,963

43,184

        Total operating expenses

152,573

137,044

Income (loss) from operations

(12,133)

488

Other income (expense), net:

    Interest expense

(6,468)

(6,493)

    Other, net

75

277

Total other expense, net

(6,393)

(6,216)

     Loss before income taxes

(18,526)

(5,728)

     Provision for (benefit from) income taxes

(17,476)

486

Net loss

$

(1,050)

$

(6,214)

Net loss per common share, basic and diluted

$

(0.02)

$

(0.09)

Shares used in computing basic and diluted net loss per common share

69,044

68,675

 

CAVIUM, INC.

Unaudited Reconciliation of Non-GAAP Adjustments

(in thousands, except per share data and percentages)

Three Months Ended

December 31,
2017

September 30,
2017

Reconciliation of GAAP gross profit and margin to non-GAAP:

Net revenue

$

260,361

$

251,987

GAAP gross profit

140,440

137,532

GAAP gross margin

53.9

%

54.6

%

Stock-based compensation and related payroll taxes

887

879

Inventory charges

543

(18)

Amortization of acquisition related assets

27,947

27,947

Non-GAAP gross profit

$

169,817

$

166,340

Non-GAAP gross margin

65.2

%

66.0

%

Reconciliation of GAAP operating expenses to non-GAAP:

GAAP research and development expenses

$

98,610

$

93,860

Stock-based compensation and related payroll taxes

(16,647)

(17,437)

Amortization of acquisition related assets

(646)

(725)

Acquisition and integration related costs

(3,068)

(743)

Non-GAAP research and development expenses

78,249

74,955

GAAP sales, general and administrative expenses

53,963

43,184

Stock-based compensation and related payroll taxes

(8,909)

(9,035)

Amortization of acquisition related assets

(1,280)

(1,278)

Acquisition and integration related costs

(15,108)

(3,997)

Non-GAAP sales, general and administrative expenses

28,666

28,874

Total Non-GAAP operating expenses

$

106,915

$

103,829

Reconciliation of GAAP Income tax to non-GAAP:

GAAP provision for (benefit from) income tax

$

(17,476)

$

486

Tax reform impact and acquisition related tax adjustment

13,232

Non-GAAP provision for (benefit from) income tax

$

(4,244)

$

486

 

CAVIUM, INC.

Unaudited Reconciliation of Non-GAAP Adjustments

(in thousands, except per share data and percentages)

Three Months Ended

December 31,
2017

September 30,
2017

Reconciliation of GAAP income (loss) from operations to non-GAAP income from operations:

GAAP income (loss) from operations

$

(12,133)

$

488

Stock-based compensation and related payroll taxes

26,443

27,351

Inventory charges

543

(18)

Amortization of acquisition related assets

29,873

29,950

Acquisition and integration related costs

18,176

4,740

Non-GAAP income from operations

$

62,902

$

62,511

Non-GAAP income from operations as a percentage of revenue

24.2

%

24.8

%

Reconciliation of GAAP net loss to non-GAAP net income:

GAAP net loss

$

(1,050)

$

(6,214)

Non-GAAP adjustments:

Stock-based compensation and related payroll taxes

26,443

27,351

Inventory charges

543

(18)

Amortization of acquisition related assets

29,873

29,950

Acquisition and integration related costs

18,176

4,740

Tax reform impact and acquisition related tax adjustment

(13,232)

Total of non-GAAP adjustments

61,803

62,023

Non-GAAP net income

$

60,753

$

55,809

GAAP net loss per share, diluted

$

(0.02)

$

(0.09)

Non-GAAP adjustments detailed above

0.85

0.85

Non-GAAP net income per share, diluted

$

0.83

$

0.76

GAAP weighted average shares, diluted

69,044

68,675

Non-GAAP share adjustment

4,190

4,488

Non-GAAP weighted average shares, diluted

73,234

73,163

 

CAVIUM, INC.

Unaudited GAAP Condensed Consolidated Balance Sheets

(in thousands)

As of

December 31, 2017

September 30, 2017

Assets

Current assets

Cash and cash equivalents

$

140,498

$

152,654

Accounts receivable, net

230,143

186,447

Inventories

93,674

94,879

Prepaid expenses and other current assets

22,794

23,510

Total current assets

487,109

457,490

Property and equipment, net

192,515

169,747

Intangible assets, net

664,769

692,994

Goodwill

237,692

237,692

Other assets

7,240

5,757

Total assets

$

1,589,325

$

1,563,680

Liabilities and Stockholders’ Equity

Current liabilities

Accounts payable

$

91,318

$

74,207

Accrued expenses and other current liabilities

38,753

44,898

Deferred revenue

9,236

9,501

Current portion of long-term debt

3,270

3,270

Capital lease and technology license obligations

31,435

27,803

Total current liabilities

174,012

159,679

Long-term debt

592,963

593,770

Capital lease and technology license obligations, net of current

15,370

15,025

Deferred tax liability

2,686

16,824

Other non-current liabilities

25,948

25,436

Total liabilities

810,979

810,734

Stockholders’ equity

Common stock

69

69

Additional paid-in capital

1,183,819

1,157,386

Accumulated deficit

(406,352)

(405,302)

Accumulated other comprehensive income

810

793

Total stockholders’ equity

778,346

752,946

Total liabilities and stockholders’ equity

$

1,589,325

$

1,563,680

                      

Cavium, Inc. Logo. (PRNewsFoto/Cavium Networks)

                                                                                                                   

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SOURCE Cavium, Inc.

SAS posts 2017 revenue of US$3.24 billion

CARY, N.C., Jan. 31, 2018 /PRNewswire/ — Increased customer demand for artificial intelligence, machine learning, fraud and risk management and cloud solutions strongly influenced continued revenue growth and profitability for SAS in 2017. The analytics leader posted US$3.24 billion in total operating revenue, up 1.25 percent over 2016.

Continued revenue growth and profitability for SAS in 2017.

“The analytics landscape is rapidly changing as organizations find new value in how they use data to gain insights,” said SAS CEO Jim Goodnight. “We are helping our customers be more competitive with disruptive technologies such as analytics for the Internet of Things and artificial intelligence. Successfully innovating new technology and ways to help our customers is why we continue to be the company people turn to for unrivaled analytics expertise and business solutions.”

Strategic growth areas

Last year, Asia Pacific and Latin America saw the highest growth as customers in those regions adopted more strategic uses of analytics. Government, manufacturing, retail and sectors of financial services saw strong momentum. Globally, customers such as American Honda Motor Company, international food conglomerate Cargill, Germany’s Deutsche Telekom, global communications technology company Ericsson and the Chicago Bears rely on SAS® to gain more insights from their data.

As SAS customers sought to better engage with their own clients, the move to real-time customer engagement became more prominent last year. Targeted solutions like SAS Customer Intelligence 360, SAS Marketing Automation and SAS Marketing Optimization continued helping brands take the next best action with analytics, as highlighted by SAS’ leadership ranking in real-time interaction management in 2017.

Revenue associated with the cloud rose 15 percent as customers sought cost-effective and rapid access to SAS software in a convenient cloud environment. Customers also recognized the value of adding SAS’ expertise without the cost of building their own internal teams.

SAS’ investment in risk management is paying off, as new sales in this area grew by 35 percent – an indicator that more companies see value in creating a risk-aware culture to meet regulatory demands and anticipate the impact of their investments. SAS expected credit loss and stress testing solutions go beyond compliance to help companies orchestrate and manage models and analytics for business benefit.

An uptick in SAS capital management risk solutions was driven by continued banking regulatory stress testing regimes and new financial reporting requirements like IFRS 9 and CECL. An increased need to make real-time credit decisions boosted revenue for SAS credit scoring solutions.

The advanced data governance and data quality capabilities offered by SAS Data Integration, which grew at 11 percent, became increasingly important for customers to contend with data protection regulations like GDPR. Hybrid data landscapes, which combine on-premises and cloud data, also required more sophisticated data integration technologies last year.

Shifts in fraud patterns that require more sophisticated detection methods, like machine learning, led to an 11 percent increase in SAS fraud and security solutions. Modernization of anti-money laundering programs and a need for proactive policing also contributed to this growth.

SAS enhanced the artificial intelligence portfolio with new product releases in machine learning, deep learning and natural language processing, enabling faster insights and simplifying the end-to-end solution for businesses. This focus to make machine learning easy to use and provide quick time to value was well received by SAS customers, and contributed to double-digit growth in machine learning last year.

SAS global partnering efforts again influenced more than one-third of new sales. This includes a growing demand for cloud solutions by midmarket customers with a desire to purchase through trusted local partners.

Looking ahead

To strengthen alignment between product and revenue generating operations and carry out plans for growth and strategic investments, SAS appointed Oliver Schabenberger as Chief Operating Officer effective January 1, 2018. He also retains his role as Chief Technology Officer.

“I’m eager to focus on our strategic global direction and investment areas supporting our continued growth in critical and emerging areas,” said Schabenberger. “This includes targeted investments to accelerate growth in core strengths, including artificial intelligence and machine learning, analytics, fraud, risk management, data management and customer intelligence. In addition, we see incredible growth opportunity in IoT and expansions into the midmarket.”

Last year alone, SAS revenue associated with IoT grew by 60 percent. Industry analyst firm IDC estimates the size of the analytics market in IoT will grow to over $23 billion by 2020. An estimated 20.4 billion connected things are projected to be generating massive data volumes by 2020. Capitalizing on this opportunity will require innovation, like SAS Event Stream Processing, which gained tremendous traction in 2017. And SAS has created an IoT division combining R&D and marketing expertise that will continue SAS’ focus on providing edge analytics that add great value to customers’ IoT investments. SAS plans to build out a similar business unit around fraud management.

Looking further ahead in 2018, SAS will continue heavy investment in embedding artificial intelligence across the SAS portfolio. Plans are also underway for a center of excellence to help SAS customers understand and apply artificial intelligence in ways that can transform their businesses and the world around us. For example, in financial services, artificial-intelligence-enabled natural language processing can help unlock new services for customers and revenue streams for businesses. In the energy sector, deep learning tools enabled by artificial intelligence can help maximize investments in renewable energy by optimizing placement of wind farms.

New offerings to enhance the cloud experience with SAS applications will include managed container services for customer infrastructure in public or private clouds.

Continuous innovation sustains market leadership

Analysts continue to laud the company’s innovation and market dominance, naming SAS a leader in predictive and advanced analytics. According to IDC[1], SAS holds a 30.5 percent share of the advanced and predictive analytics market, well over twice the market share of the next-closest competitor. SAS has led – and grown – in this category since IDC started tracking the market in 1997. In 2017, analysts also named SAS a leader in streaming analytics, machine learning, big data, data science platforms, real-time marketing, data integration, data quality, fraud detection, risk management and retail analytics. 

“When it comes to driving the business on data and analytics, everyone has high expectations,” said SAS Chief Marketing Officer Randy Guard. “SAS delivers a platform that addresses the full analytics life cycle – data, discovery and deployment of decisions. Along with the openness that the SAS Platform offers, we enable our customers to bring their data and analytics together across their entire data science community.”

Maintaining market leadership is heavily dependent upon innovation. Year after year, SAS reinvests about twice the average of major technology firms into R&D – 26 percent in 2017. This investment supported the addition of artificial intelligence capabilities to the SAS Platform. And enhancements to SAS® Viya® extend the SAS Platform to deliver additional capabilities for analytics-driven organizations, including Cisco, the American Red Cross, Munich Re and Lockheed Martin. This modernization appeals to a growing number of SAS Viya adopters seeking to bring together all their analytics assets, and unite SAS with open source interfaces and languages.

Champion for education, sustainability and inclusivity

In addition to business success, SAS has always put a heavy emphasis on making a difference in the world. Last year, efforts around education, sustainability and data for good landed SAS on Fortune’s 2017 list of companies that “Change the World.”

SAS is deeply committed to developing the next generation of innovators through education, and makes it easy to build coveted analytics skills by targeting worldwide education initiatives in STEM. SAS University Edition provides free access to SAS software so anyone can learn how to analyze data. Thousands of professors, students and researchers take advantage of free, cloud-based SAS OnDemand for Academics. Downloads and registrations of these two products have reached nearly 1.5 million.

From helping tackle opioid addiction and safeguarding vulnerable children to protecting fragile species through conservation efforts, SAS’ deep bench of analytics solutions change the world by analyzing data to solve critical humanitarian issues. Expanding on our social innovation efforts, SAS introduced GatherIQ™ – a crowdsourcing initiative bringing together volunteers to solve social challenges. The GatherIQ app has been downloaded by people from 69 countries who want to use data for good.

SAS fosters an award-winning, sustainable workplace that has a positive impact on our future. The company reduces its environmental footprint with programs focused on energy conservation and solar projects, emission management, pollution mitigation, water conservation, waste reduction and recycling, procurement and green building.

Such passion for doing good ignites employees’ creativity and gives them the opportunity to effect change. Continually recognized for providing an enriching work environment, SAS remains a staple on best workplaces lists around the world. SAS is also considered a best workplace for diversity and inclusivity, women and gender equity, as well as a top company for millennials, recent grads and IT professionals.

About SAS 
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2018 SAS Institute Inc. All rights reserved.

[1]IDC, Worldwide Business Intelligence and Analytics Tools Software Market Shares, 2016: Here Comes the Cloud (Doc # US42072417, June 2017)

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SOURCE SAS