Real Estate Technology Startup SetSchedule Launches AI-Predictive Learning Mobile App for Real Estate Agents to Pinpoint Property Sales Opportunities Before They Reach the Market

IRVINE, Calif., April 2, 2018 /PRNewswire/ — SetSchedule, the revolutionary real estate marketplace that connects real estate agents with homeowners and buyers, today announced the launch of their mobile app, enabling real estate agents to receive valuable industry insights as well as qualified leads in the form of listing appointments. The AI-predictive learning interface is available on the SetSchedule desktop platform and agents can now download it directly to their iOS and Android devices.

SetSchedule Logo www.setschedule.com

SetSchedule’s exclusive technology features a unique data extraction platform powered by artificial intelligence (AI) and machine learning, and fueled by extensive data aggregated from diverse sources. SetSchedule analyzes data through partnerships with title companies, along with data related to permit changes, taxes, and major life events, to identify homeowners who are highly likely to sell their houses within months. SetSchedule qualifies the leads and sends them directly to agents’ schedules, removing the pressure of the time-consuming and expensive marketing process from the agents’ responsibility. And instead of just providing a list of leads, SetSchedule sets up a listing appointment and provides background about the seller and the property. The application also allows realtors to add notes to the sales lead’s entry and designate an opportunity’s temperature.

“Today’s realtors are rarely at a desk, so providing them with a mobile app is an essential progression building off of our innovative software,” said Udi Dorner, COO of SetSchedule. “With this new mobile app, realtors can bypass the typical lead generation process on the fly and get off to a faster start in this fiercely competitive industry.”

SetSchedule currently offers an online solution and the mobile app enhances their current platform. SetSchedule user benefits also include insider market insights, automated marketing software tools, access to an online research center, and a user-friendly customer relationship management (CRM) system. Additionally, with just one click agents can call on the active support of SetSchedule’s team of seasoned mentors to advise them and help them close deals.

About SetSchedule:
SetSchedule is a first-of-its-kind technology-based real estate marketing firm that connects Realtors® with local homeowners, home buyers, and investors who are seeking to buy and sell properties. The company identifies potential sale properties before they even reach the market with its innovative, multi-patented matching engine that leverages AI-powered predictive data, insider market insights and automated marketing software tools. Founded in 2014, SetSchedule is based in Irvine, California. Learn more at setschedule.com.

 

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Spiceworks Study Reveals 40 Percent of Large Businesses Will Implement Intelligent Assistants or Chatbots by 2019

AUSTIN, Texas, April 2, 2018 /PRNewswire/ — Spiceworks today announced the results of a new survey examining the adoption and usage of intelligent assistants and AI chatbots in the workplace. The results show that within the next 12 months, 40 percent of large businesses – those with more than 500 employees – expect to implement one or more intelligent assistants or AI chatbots on company-owned devices, compared to 25 percent of mid-size companies and 27 percent of small businesses. The findings indicate that although adoption is on the rise, some organizations are holding back due to a lack of use cases in the workplace and privacy concerns.

 (PRNewsfoto/Spiceworks)

Across all company sizes, Microsoft Cortana is the most commonly used intelligent assistant in the workplace, likely due to its native integration into Windows 10. Among organizations that have implemented intelligent assistants or chatbots on company-owned devices and services, the results show 49 percent are currently using Microsoft Cortana for work-related tasks, followed closely by Apple Siri at 47 percent. Additionally, 23 percent of organizations are using Google Assistant and 13 percent are using Amazon Alexa. Looking specifically at AI chatbots, the results show 14 percent of organizations are using AI chatbots integrated in collaboration tools (e.g., Microsoft Teams, Slack), while only 2 percent of organizations have custom-built AI chatbots. However, an additional 10 percent plan to build one in the next 12 months.

One in four organizations use AI chatbots and assistants to support team collaboration

Among companies using AI chatbots and intelligent assistants, 46 percent are using them for voice to text dictation, 26 percent are using them to support team collaboration, and 24 percent are using them for employee calendar management. Additionally, 14 percent are using AI chatbots and assistants for customer service and 13 percent are using them for IT help desk management.

In terms of which departments are supported by AI chatbots and assistants, the results show 53 percent of organizations use them within their IT department, 23 percent use them to support their administrative department, and 20 percent use them to support the customer service department. Sixteen percent of organizations are also using AI chatbots and assistants in their sales and marketing departments.

Among organizations that are not using AI chatbots or intelligent assistants, the results show 50 percent have not implemented them due to a lack of use cases in the workplace, while 29 percent note security and privacy concerns and 25 percent are holding back due to the cost.

IT professionals believe AI will help automate mundane tasks rather than replace jobs

Although 40 percent of IT professionals believe AI can replace entry-level jobs that don’t require human creativity, they feel relatively secure when it comes to their own jobs. Only 17 percent of IT professionals believe AI will put IT jobs at risk. In fact, 76 percent believe AI will help automate mundane tasks and enable more time to focus on strategic IT initiatives. On average, IT professionals believe 19 percent of their current daily tasks can be automated via AI and intelligent automation.

However, despite the rising adoption of AI, only 20 percent of IT professionals believe their organization has the proper skills, talent, and resources to implement and support AI technology. The study also revealed only 5 percent of IT professionals believe their organization values AI skillsets and experience when making hiring decisions.

“While AI has the potential to drastically alter life as we know it, the technology is still in its infancy,” said Peter Tsai, senior technology analyst at Spiceworks. “As a result, many companies aren’t thinking about the tools and expertise they’ll need to support artificial intelligence. However, AI is rapidly advancing and becoming a more integral part of our software, devices, and lives. As a result, companies should start putting policies and procedures in place so they can take full advantage of and manage this technology in the future.”

Methodology 
The Spiceworks survey was conducted in March 2018 and included 529 respondents from North America and Europe. Respondents are among the millions of technology buyers in Spiceworks and represent a variety of company sizes, including small-to-medium-sized businesses and enterprises. Respondents come from a variety of industries, including manufacturing, healthcare, nonprofits, education, government, and finance. For more information and a complete list of survey results, visit https://community.spiceworks.com/blog/2964-data-snapshot-ai-chatbots-and-intelligent-assistants-in-the-workplace.

About Spiceworks 
Spiceworks is the platform that connects the IT industry to help technology buyers and sellers get their jobs done, every day. The company empowers the world’s businesses to find, adopt, and manage the latest technologies while also helping IT brands build, market, and support better products and services. Founded in 2006 and headquartered in Austin, Texas, Spiceworks makes IT easy, and enjoyable, for everyone. For more information, visit http://www.spiceworks.com.  

Connect with Spiceworks on Facebook: http://www.facebook.com/Spiceworks and follow us on Twitter: http://twitter.com/spiceworks.  

Spiceworks is a registered trademark of Spiceworks, Inc. All other names may be trademarks or registered trademarks of their respective owners. 

Media Contact:
Risa Kleen
Spiceworks
press@spiceworks.com

 

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Simplaex Announces UK Expansion and Appointment of Gordon Bonifacio as New Country Manager

LONDON, April 2, 2018 /PRNewswire-PRWeb/ — Simplaex, the company behind the Artificial Intelligence-powered user classification technology for the programmatic advertising ecosystem, today announces the opening of its new London office, and the appointment of Gordon Bonifacio as Country Manager. In his new role at Simplaex, Bonifacio will be responsible for the business operations of the company in the United Kingdom, and bring the company’s AI-first app retargeting platform to brands and agencies in the country.

“We are quite excited to have Gordon on board and head our presence in the UK. He brings with him years of experience working with brands and agencies in this market which will enable us to grow rapidly,” said Jeffry Van Ede, CEO and Co-Founder, Simplaex.

“Many brands have put a lot of investment into building great apps which allow them to not only attract new customers but also maintain a channel of communication with existing customers. Retargeting is a way for them to make the most of this investment. I am very excited to introduce Simplaex to the UK market. Our in-house technology offers mobile marketers a self-serve ability to segment their audiences based on their own first-party data and then utilize the power of AI to reach them with timely, personalized messages,” said Bonifacio

Bonifacio is a proven veteran in the sales and mobile space with more than 20 years of experience. Prior to joining Simplaex, Bonifacio was a Sales Director at Mozoo. While at Mozoo, the world’s first premium mobile rich media and video ad exchange, Bonifacio was responsible for managing all agency relationships and worked closely with them to push innovative creative ideas including the product launch of Outroll which solved many of the challenges faced by brands looking to scale their video campaigns on mobile devices. Before Mozoo, Bonifacio was the UK Sales Director at Vdopia, and was credited with launching and scaling the EMEA business starting with successful mobile video campaigns for brands such as Sony and P&G. Bonifacio started evangelizing about the future of mobile advertising while employed at Orange.

ABOUT SIMPLAEX

Simplaex is the company behind the world’s most advanced Artificial Intelligence-powered user classification technology. As ads move through the programmatic supply chain, Simplaex aligns the ROI interests of the demand and supply side by creating a unified insight in understanding and valuation of consumer behavior. For more information, visit http://www.simplaex.com or follow us on Twitter, Facebook, and LinkedIn.

 

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Oracle Named a Leader in the 2018 Gartner Magic Quadrant for Identity Governance and Administration

REDWOOD SHORES, Calif., April 2, 2018 /PRNewswire/ — Oracle today announced that it has been named a Leader in Gartner’s 2018 “Magic Quadrant for Identity Governance and Administration” report for the fifth consecutive time. Oracle believes this recognition further validates the strength and innovation of cloud security services Oracle has introduced over the past year and its ability to help enterprises better integrate security solutions to manage their business.

Oracle Logo (PRNewsfoto/Oracle)

“Security and Identity has quickly become one of the most critical areas businesses must address in order to be successful and maintain regular operations, and identity governance is a critical foundational step any enterprise should take to strengthen its security posture,” said Eric Olden, senior vice president and general manager, security and identity, Oracle. “Over the last year, Oracle has significantly enhanced its solutions’ capabilities to help enterprises manage, analyze and remediate security incidents with Oracle’s autonomous security capabilities. We are continuing our commitment to offering a trusted identity fabric and portfolio to help enterprises secure their businesses.”

According to Gartner, “IGA Leaders deliver a comprehensive toolset for governance and administration of identity and access. These vendors have successfully built a significant installed customer base and revenue stream, and have high viability ratings and robust revenue growth. Leaders also show evidence of superior vision and execution for anticipated requirements related to technology, methodology or means of delivery. Leaders typically demonstrate customer satisfaction with IGA capabilities and/or related service and support.”

In December, Oracle announced the first cloud-native identity governance service for hybrid cloud environments, which will be fully integrated and native to Oracle’s SaaS applications, Oracle Identity Security Operations Center (Identity SOC) portfolio (including Oracle Identity Cloud Service and Oracle CASB Cloud Service), as well as Oracle Management Cloud. In addition, Oracle expanded its consumer identity management capabilities in Oracle Identity Cloud Service through integrations with Oracle Marketing Cloud and Oracle Data Cloud.

Oracle’s integrated security suite of the Oracle Identity SOC portfolio and Oracle Management Cloud are designed to help enterprises forecast, reduce, detect, and resolve security threats and assist in efforts to remediate application and infrastructure performance issues.  Leveraging artificial intelligence to analyze a unified data set consisting of the full breadth of security and operational telemetry, as well as provide automated remediation, Oracle’s integrated suite is designed to enable customers to quickly adapt their security and operational posture as their risk landscape changes. This application of machine learning can potentially help thwart attacks, reduce the detection window from months to minutes, and more quickly address security breaches and performance outages.

Download a complimentary copy of Gartner’s 2018 “Magic Quadrant for Identity Governance and Administration” here.

Source: Gartner, “Magic Quadrant for Identity Governance and Administration,” Felix Gaehtgens, Kevin Kampman, Brian Iverson, 21 February 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.

Additional Information

About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at www.oracle.com.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

 

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AutoAlert Teams With Conversica In Ongoing API Push

KANSAS CITY, Mo., April 2, 2018 /PRNewswire/ — AutoAlert, in keeping its promise of an open API to integrate all vendors in automotive, has announced a new partnership with the Artificial Intelligence (AI)-powered sales assistant, Conversica.

This development brings together two former VinSolutions executives in Mike Dullea, former CEO of VinSolutions and current CEO of AutoAlert, and David Marod, former Sales Executive of VinSolutions, and current Automotive Industry General Manager at Conversica.

The partnership connects two companies that are both on the cutting edge when it comes to using big data as the engine in connecting dealers with their customers in an automated, yet highly personalized, way.

Within AutoAlert’s CXM platform lies a predictive-analytics algorithm model that the company has been utilizing for over 13 years. The same can be said for Conversica’s AI-powered sales assistant that has learned from millions of customer conversations.

“The thing about programs like Conversica’s, is that they get smarter with every touchpoint and transaction, making our AI engine smarter today than it was yesterday, last month, or last year — obviously the same can be said for AutoAlert and its predictive analytic algorithm,” Marod said.

AutoAlert can pinpoint the best opportunities within a dealership’s customer base, ensuring that it is sending the right message, to the right customer, at the right time. Conversica’s sales assistant can automatically reach out and communicate that message.

“We have always been aware that the amount of opportunities we create out of our dealerships’ DMS database can be overwhelming at times,” Dullea said. “This is why we put some much emphasis on automated communication. At the same time, we never want to lose sight of the ultimate goal, which is providing customers with the best shopping experience possible. That is why the partnership with Conversica makes so much sense for our dealers.”

This partnership becomes particularly beneficial for dealerships that understand the importance of maintaining consistent relationships with their current customers. It is particularly important in the tumultuous world caused by the high turnover that has plagued the automotive industry for years. Dealerships don’t currently have the additional headcount available to handle such a task.

The announcement is the second in as many weeks, indicating how quickly the team at AutoAlert is willing to move to integrate its CXM platform with strategic partners.

“We have drawn much of our inspiration from Salesforce and its AppExchange,” Dullea said. “Vendors from other verticals are much more willing to integrate with each other for the betterment of their customers, and Salesforce is a prime example of that. We want to be the first to offer that same level of collaboration with all vendors in the automotive space.”

About AutoAlert
A pioneer in data mining and new client engagement, AutoAlert was founded in 2002 and now leads the automotive industry in data-mining, communication platforms, and other software solutions. AutoAlert’s technology bridges the communication gap between a dealership’s management, employees, and customers, creating high-quality sales opportunities, increased gross margin, and improved customer retention.

Visit www.autoalert.com to learn more about AutoAlert’s software solutions for growing and supporting dealerships.

About Conversica
Conversica is the leader in AI-powered business conversations and the only provider of AI-driven lead engagement software for the automotive industry. The flagship Conversica® AI Sales Assistant helps companies find and secure customers more quickly and efficiently by automatically contacting, engaging, qualifying, and following up with leads via natural, two-way conversations. Used by more than 1,000 companies worldwide, Conversica’s sales assistants are built on a proven AI platform integrating natural language processing (NLP), natural language generation (NLG), and machine learning (ML) capabilities and engage prospects over multiple communication channels and in multiple languages. Recognized by Gartner as a Cool Vendor, Conversica is a portfolio company of Providence Equity, Kennet Partners and Toba Capital and is headquartered in Foster City, Calif.

For more information, contact Ryan Rigdon, AutoAlert’s Senior Director of Strategy & Execution, at ryan.rigdon@autoalert.com

AutoAlert, Inc. Logo.  (PRNewsFoto/AutoAlert, Inc.) (PRNewsfoto/AutoAlert, Inc.)

 

Conversica logo

 

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Word Counts Play A Larger Role In Publisher Ad Earnings Than Many Probably Think

CARLSBAD, Calif., April 2, 2018 /PRNewswire/ — Some exciting new research has emerged for online publishers about the effect that article word counts have on digital ad revenue. Inspired by a case study recently presented at Google offices in New York, artificial intelligence platform, Ezoic, shared some interesting new information about the relationship between content word count and total page revenue. This information was shared in a post on the company’s blog.

 (PRNewsfoto/Ezoic)

“Our entire platform is built on helping publishers capture and use data to make better decisions automatically. Recently, we launched an exclusive suite of new website analytics tools on our platform. After our customers started to dig into the data, it didn’t take us long to learn that word counts were playing a very interesting role in the amount of revenue that publishers generated from their web properties,” said Ezoic’s Head of Marketing, Tyler Bishop.

In fact, in the study published on the Ezoic blog, it appears that word counts could be accounting for a 50% to 400% difference in page RPM on the same website. While some of the data might seem apparent to publishers, what’s interesting is the aspects of the data that seem to be slightly less clear-cut.

There were 4 very different websites featured in the Ezoic blog study, and each one saw different word counts serve as the top earner. While every website did serve a separate niche and a different audience, there didn’t seem to be a pattern to easily diagnose which word counts and sites tended to see the highest revenues.

“We had customers using our Big Data Analytics tools start coming to us to share these unique insights. They wanted to know if advertisers were paying more for certain word counts or if it was something unique about word counts on just their website. It’s likely a little bit of both, but you have to access the data to even understand how it might work on any particular site because every site we look at is different. That’s why we decided to publish the study. We’ve had customers completely change the way they create new content based on this data,” Bishop continued.

Word count is not traditionally seen as a metric core to digital ad earnings for publishers, but Bishop believes that may change. “It’s not like word count is some kind of new critical metric for publishers to optimize around; however, we were surprised at how many didn’t really know how it was correlating with things like total Engagement Time and page RPM. This is stuff content creators can use to make more money and better connect with their audiences.”

Bishop believes that the relationships between ad revenue, page attributes, and user behavior run much deeper than just word counts.

“Ultimately, there are a lot of interesting pieces of information that publishers may not really be thinking about that they probably should. Understanding the relationship between page engagement, ad revenue, and the actual page content is something we think everyone should understand, but it is largely not being looked in great detail by a lot of publishers. And, if they are, many aren’t able to translate it into anything meaningful. That’s what we do and our customers seem to love it,” Bishop finished.

About Ezoic

Ezoic is a Google Certified Publishing Partner with a U.S location in Carlsbad, California and European offices in New Castle and London, UK. Ezoic has won several awards for its artificial intelligence technology that allows digital publishers to tailor different elements of their web properties to different visitor segments; based on machine learning.

 

Ezoic adds former Google boss as new Vice President of Global Partnerships. Ends newsworthy year on a high note. (PRNewsFoto/Ezoic)

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WGU’s New B.S. in Computer Science Includes Key IT Certifications

SALT LAKE CITY, April 2, 2018 /PRNewswire-USNewswire/ — Western Governors University’s (WGU) College of Information Technology announced today the addition of a Bachelor’s of Science in Computer Science (BSCS) degree program. This program, which is online and competency-based, includes valuable certifications from CIW, CompTIA, Axelos, and Oracle, at no additional cost. Students who apply now can begin their program as early as June 1, 2018.

Western Governors University Logo. (PRNewsFoto/Western Governors University)

In 2015, there were almost 10 times more computing jobs open in the U.S. than qualified computer science graduates. In addition, the demand for computer scientists is projected to grow 19 percent from 2016 to 2026, significantly faster than the average for all occupations. WGU’s BSCS will teach graduates to design, develop, and optimize systems, preparing them for opportunities in careers such as computer systems analyst, programmer, AI specialist, software engineer, UX designer, and network architect.

“This new degree program was developed in collaboration with industry and academic experts and will prepare graduates with the knowledge and skills employers are seeking in areas such as logic, architecture and systems, data structures, artificial intelligence, algorithms, and computer theory,” said John Balderree, WGU’s Vice President of Academic Operations for the College of Information Technology.

Competency-based education (CBE) is a good fit for busy adults because it allows them to study and learn on their schedules and advance as soon as they have mastered course materials. Students can draw on the knowledge and skills they have gained from previous experience and education, moving quickly through material they already know and taking the time they need to learn new material. Students have 24/7 access to their course materials, and faculty members provide one-on-one support. Terms are six months long, and students in the BSCS are charged a flat-rate tuition of $3,190 per term, regardless of the number of courses completed. Many students are able to accelerate their studies, finishing their degrees sooner, saving both time and money.

About WGU
Established in 1997 by 19 U.S. governors with a mission to expand access to high-quality, affordable higher education, online, nonprofit WGU now serves 95,000 students nationwide and has 103,000 graduates in all 50 states. Driving innovation as the nation’s leading competency-based university, WGU has been recognized by the White House, state leaders, employers, and students as a model that works in postsecondary education. In just 21 years, the university has become a leading influence in changing the lives of individuals and families, and preparing the workforce needed in today’s rapidly evolving economy. WGU is accredited by the Northwest Commission on Colleges and Universities, has been named one of Fast Company‘s Most Innovative Companies, and was featured on NPR, NBC Nightly News, CNN, and in The New York Times. Learn more at www.wgu.edu.

Follow WGU:
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http://www.linkedin.com/companies/western-governors-university  
http://twitter.com/wgu  
http://www.youtube.com/WesternGovernorsUniv  
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http://news.wgu.edu/news/news.xml

Contact for media inquiries:
Joan Mitchell – VP of Public Relations
801-428-5463
jmitchell@wgu.edu  

Contact for enrollment information:
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PASSUR® Aerospace Announces Results for the First Quarter Ended January 31, 2018 and Launching of New Business Intelligence and Analytics Group

STAMFORD, Conn., April 2, 2018 /PRNewswire/ — PASSUR® Aerospace, Inc. (OTC: PSSR), a business intelligence, predictive analytics, and big data company, announced the formation of a new Business Intelligence Group, the hiring of Ilhan Ince, Vice President of Business Intelligence and Analytics, formerly Managing Director of Operations Planning and Performance at American Airlines, as well as the financial results for the first quarter, FY 2018.

Launch of PASSUR’s Business Intelligence Group (PASSUR BI) – Led by Ilhan Ince, Vice President of Business Intelligence and Analytics

Mr. Ince joined PASSUR as the VP of Business Intelligence and Analytics in December 2017. Previously, Mr. Ince was the Managing Director of the American Airlines Operations Planning and Performance team, responsible for operations planning and analysis including operational goals development, improved performance and operating efficiency through strategic planning, big data analytics, process re-engineering and decision support system implementation. His first transportation industry position was with the US Airways Operations Research team developing schedule optimization software. He has since worked on many aspects of airline operations and network optimization including block planning, robust schedule development, and operations recovery.

Ilhan Ince brings an enormous amount of experience and a fantastic reputation with airlines and other important industry stakeholders,” said Jim Barry, PASSUR President and CEO. “Our new PASSUR BI Group, under Ilhan’s leadership, puts together many of the investments we’ve made in the last several years into a single organization – and we believe allows us to have an even more meaningful and measurable impact on our customers’ operational performance – and thus help us to increase PASSUR revenue globally.”

Under Mr. Ince’s leadership, PASSUR will deliver actionable intelligence and analytics to airlines and airports from the following capabilities:

  • The PASSUR global database of flight and operations information, integrating multiple additional industry data sets, including from the PASSUR sensor network, into its integrated aviation database, along with data from a variety of additional aircraft, airspace, and ground surveillance technologies;
  • The widely-deployed aviation intelligence solutions platform used by hundreds of industry stakeholders to measure and optimize NAS operations;
  • Experience in managing, integrating, and deriving meaningful information from multiple data sources;
  • Over 15 years of experience in dashboards and data visualization;
  • The Company’s Aviation Intelligence Center of Excellence (“CoE”), a team of subject matter experts with extensive experience in airline, airport and business aviation operations, finance, air traffic management, systems automation, and data visualization, with specific expertise in the operational and business needs, requirements, objectives, and constraints of the aviation industry.

PASSUR BI: Helping airlines and airports use actionable intelligence to improve operational performance

  • PASSUR BI is intended to help unlock the savings that could result from better real-time analytics.
  • Allows for easy interpretation of big data generated within our proprietary sensor networks, and the ability to identify actionable new metrics that impact our customers and partners, whether they are financial (cost savings), operational (fewer delays/cancellations/diversions), or human (bags and passengers connected).
  • Includes dashboard development, product benchmarking, and targeted analytics around system performance, all of which provide airlines and airports the opportunity to segment their most important operational objectives, and then receive alerts and recommendations to actions they can take to achieve their goals.
  • Provides analytics and consulting for airline and airport projects including performance review, hub structure design, and robust schedule development, which are now available in streamlined and cost-effective solutions.
  • Will help aviation organizations and professionals identify the most important problems to target, where to invest resources for the greatest gains, and create “before” and “after” profiles to measure their return on investment.

Aviation Analytics – potential airline and airport savings in the billions annually

  • Commercial airlines provide the best example of how data analytics are driving improved efficiency through better on-time arrivals, reduced delays and new maintenance techniques.
  • It has been estimated that $5-6 billion annually of global airline operating costs can be reduced through the new connectivity and advanced analytics (*The Data Science Revolution That’s Transforming Aviation, Forbes Magazine. June 16, 2017.)
  • Help airlines and airports increase their capacity to process information and use advanced analytics in artificial intelligence to help inform operations – and in real time.
  • Easy access to aircraft performance data via web-based dashboards, spreadsheets and applications provided by data analytics enabled by the internet of things (IOT) will continue to expand.

Opening Regional Dallas Office – positions PASSUR near large airline and airport customers, and technology partners

PASSUR recently opened its latest regional office in Dallas, Texas. Our Business Intelligence and Analytics group is located in this office, ideally placed to interact with the national carriers, major airports, and PASSUR technology partners also headquartered in the southwest US. Additionally, this office supports PASSUR’s growth strategy into international markets as it is a gateway into Mexico and Latin America.

Reports financial results for the first quarter, ended January 31, 2018 – continued significant increase in operating expenses to build out our Business Intelligence capabilities and help achieve other strategic objectives

For Q1, 2018, PASSUR announced revenues of $3,513,000 for the three months ended January 31, 2018, compared with $3,616,000 for the same period in fiscal year 2017, a decline of $102,000, or 3%. The decline in revenues for the three months ended January 31, 2018, was primarily due to lost revenue from expired contracts. This amount was partially offset by the net incremental revenue recognized during the period, related to new contracts closed during fiscal year 2017, plus new revenue related to contracts closed during Q1 2018.

For the three months ended January 31, 2018, the Company incurred a net loss of $1,167,000, or $0.15 per diluted share, compared with a net loss of $51,000, or $0.01 per diluted share for the same period in fiscal year 2017. Contributing to the Company’s net loss for the three months ended January 31, 2018, was a reduction in revenue, as described above, as well as a significant increase in operating expenses due to our continued investment in hiring new development, sales and marketing and management professionals needed to achieve our future strategic product enhancements and revenue growth objectives. These investments were targeted in several important growth areas, including the initiation of PASSUR’s new Business Intelligence Group.

About PASSUR® Aerospace, Inc.

PASSUR Aerospace (OTC: PSSR) is a leading business intelligence company, providing predictive analytics and decision support technology for the aviation industry primarily to improve the operational performance and cash flow of airlines and the airports where they operate. PASSUR Aerospace’s information solutions are used at the five largest North American airlines, more than 60 airport customers, (including the top 30 North American airports), hundreds of business aviation customers, and the U.S. government. PASSUR owns and operates the largest commercial passive radar network in the world that provides aircraft position updates every 1 to 4.6 seconds, powering a proprietary database that is accessible in real-time and delivers timely and accurate information and solutions via PASSUR’s industry leading algorithms and business logic included in its products. Visit PASSUR Aerospace’s website at www.passur.com for updated products, solutions, and news. PASSUR, Airwayz, NextGen2 and NextGen3 are trademarks or registered trademarks of PASSUR Aerospace, Inc. in the U.S. All other companies and product names of those companies contained herein may be trademarks of their respective holders.

Visit PASSUR Aerospace’s website at www.passur.com for updated products, solutions, and news. 

 

PASSUR Aerospace, Inc. and Subsidiary

CONSOLIDATED BALANCE SHEETS

January 31, 2018

  October 31, 2017 (1)

 (unaudited)

Assets

Current assets:

Cash

$           3,056,352

$              275,146

Accounts receivable, net

927,251

1,308,091

Prepaid expenses and other current assets

411,330

303,045

           Total current assets

4,394,933

1,886,282

PASSUR Network, net

5,942,861

6,004,367

Capitalized software development costs, net

8,922,494

8,893,414

Property and equipment, net

765,880

852,147

Other assets

156,103

169,635

               Total assets

$         20,182,271

$         17,805,845

Liabilities and stockholders’ equity

Current liabilities:

    Accounts payable

$           1,615,959

$              984,369

    Accrued expenses and other current liabilities

1,116,059

1,273,170

Deferred revenue, current portion

4,815,397

2,824,885

          Total current liabilities

7,547,415

5,082,424

Deferred revenue, long term portion

447,656

470,831

Notes payable – related party

4,725,000

3,800,000

Other Liabilities

5,517

             Total liabilities

12,725,588

9,353,255

Commitment and contingencies

             Total stockholders’ equity

7,456,683

8,452,590

             Total liabilities and stockholders’ equity

$         20,182,271

$         17,805,845

(1) Certain January 31, 2017 balances have been restated from previously reported results. Please refer to Note 2 of the Company’s Annual Report on Form 10-K for the year ended October 31, 2017.

 

 

 

PASSUR Aerospace, Inc. and Subsidiary

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended

January 31,

2018

2017 (1)

Revenues

$         3,513,487

$         3,615,556

Cost and expenses:

Cost of revenues

2,239,299

1,681,774

Research and development expenses

154,666

227,480

Selling, general, and administrative expenses

2,220,828

1,818,534

4,614,793

3,727,788

Loss from operations

$        (1,101,306)

$            (112,232)

Interest expense – related party

65,713

41,400

Loss before income taxes

(1,167,019)

(153,632)

Provision/(benefit) for income taxes

(103,065)

Net loss

$       (1,167,019)

$           (50,567)

Net loss per common share – basic

$               (0.15)

$               (0.01)

Net loss per common share – diluted

$               (0.15)

$               (0.01)

Weighted average number of common shares outstanding – basic

7,696,091

7,690,199

Weighted average number of common shares outstanding – diluted

7,696,091

7,690,199

(1) Certain January 31, 2017 balances have been restated from previously reported results. Please refer to Note 2 of the Company’s Annual Report on Form 10-K for the year ended October 31, 2017.

 

 

Contact:

Media: 

Investor Relations:

Ron Dunsky

Louis J. Petrucelly

SVP Marketing and New Business Development

SVP & Chief Financial Officer

(203) 622-4086

(203) 622-4086

192663@email4pr.com

192663@email4pr.com

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SOURCE PASSUR Aerospace

G7 Forms Joint Venture with GLP and NIO Capital to Develop Autonomous Driving Electric Trucks

BEIJING, April 2, 2018 /PRNewswire/ — G7, a leading Internet of Things (IoT) technology company in China, GLP, the leading global provider of modern logistics facilities and technology-led solutions, and NIO Capital today announced a joint venture (JV), controlled by G7, focused on developing next generation smart heavy-duty trucks powered by autonomous driving, new energy technologies, logistics big data and exploring innovative models of ‘vehicle-as-a-service’.

Built on G7’s massive real-time data and fleet management capabilities, GLP’s open logistics ecosystem and NIO Capital’s extensive automotive industry partnership, the JV aims to create the next generation of smart vehicles for logistics and transportation through cross-industry collaboration. The JV’s immediate objectives are to develop industry-leading, autonomous driven electric heavy-duty trucks that are highly efficient, safe and easy to manage and to build innovation in ‘asset-as-a-service’ for the logistics and transportation industry via artificial intelligence.

Focusing on logistics and road transportation scenarios, the JV is committed to delivering breakthroughs in autonomous driving, new energy technologies and logistics efficiency to meet and exceed customers’ expectations.

As the logistics technology leader in China, G7 actively invests in IoT, big data, AI and smart equipment and promotes intelligent transformation, connectivity and sharing for logistics assets, including trucks and trailers. The G7 platform serves more than 50,000 customers and connects more than 600,000 vehicles in real time, making it the largest open IoT platform in China’s logistics sector.

Xuehun Zhai, G7’s Founder and CEO said: “Through its technical capacity, G7 is at the forefront of tackling the latest challenges in fleet safety, energy efficiency and operations management. Emerging technologies and logistics big data are creating revolutionary opportunities to solve these long-term challenges. We will work closely with the automotive industry to achieve seamless integration of AI, trucks and logistics scenarios and will challenge ourselves with a goal of developing a dream truck for logistics companies.”

Founder and CEO of G7 Xuehun Zhai

G7 President Julian Ma commented: “Redefining smart transportation equipment through new technologies and big data, as well as bringing innovation into asset management and ‘asset-as-a-service’ in the age of road transportation robots, represents historical opportunities and challenges to us. We look forward to close collaboration with leading automotive groups, logistics companies, high-tech firms, energy companies and financial institutions around the world and jointly push cross-field innovation to the extreme.”

GLP is the world’s leading modern logistics solutions provider and a pioneer in developing smart logistics and building a logistics ecosystem. Ming Mei, Co-Founder and CEO of GLP said: “GLP is focused on leveraging data to help our customers improve efficiency and maximizing the value of our logistics assets. We are pleased to join this JV with G7 and NIO Capital to drive forward technological innovation as well as exploration of applying renewable energy in the logistics industry globally.”

NIO Capital is a private equity fund that invests in themes which are reshaping the automotive, mobility, energy and IoT sectors, through an industry focused and value creation approach. “Focusing on mega industries and creating major projects sit at the core of our investment approach and are the driver of our partnership with G7 and GLP. In our collaboration, we expect to take full advantage of NIO Capital’s industry access, actively leverage the resources of NIO’s ‘Blue Sky Alliance’ and share the automotive industry’s traditional experience and cutting-edge AI technology with the logistics sector,” said the NIO’s Founder, Chairman, CEO and NIO Capital’s Managing Partner William Li.

About G7

G7 is a leading IoT technology company in China. It provides IoT and AI-enabled fleet management and value-added services to empower logistics companies. G7 currently serves more than 50,000 customers and has over 600,000 connected vehicles. G7 is committed to establishing an open ecosystem which connects vehicles, logistic infrastructure and financial institutions. It provides fleet management as well as asset management and trading services across the fields of ETC, oil products, finance, and insurance. The shareholders of G7 include GLP, Tencent, Eastern Bell Venture Capital, Temasek, China Development Bank, Bank of China, and China Construction Bank.

About GLP

GLP is the world’s leading modern logistics solutions provider and a pioneer in smart logistics and logistics ecosystem development. GLP continues to build a leading ecosystem through equity investment, financial services and data technology, supporting advances in the logistics, new energy and technology sectors. As of February 2018, GLP had a US$46 billion portfolio across China, the U.S., Japan, Brazil and Europe.

About NIO Capital

NIO Capital is a leading private equity fund based in China which focuses on investment in the NEV industry chain. NIO Capital’s investments cover electric vehicles and core components, new energy and connected energy networks, autonomous driving and intelligent systems, IoV (Internet of Vehicles) and mobility services, new materials and related applications. NIO Capital’s investment portfolio comprises multiple industry-leading players including Shouqi Limousine & Chauffeur, Dida Chuxing, Momenta, Ronbay Lithium Battery and Unite Winners System. NIO Capital has also established strategic cooperation with leading Chinese auto groups Changan Automobile and GAG (Guangzhou Automobile Group), and retains strong synergies with several other auto manufacturers, component suppliers and Internet giants through its ‘Blue Sky Alliance’ program.

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SOURCE G7

Jeff Rothschild Joins Pure Storage’s Board of Directors

MOUNTAIN VIEW, Calif., April 2, 2018 /PRNewswire/ — Pure Storage (NYSE: PSTG), the all-flash storage platform that helps innovators build a better world with data, today announced the appointment of Jeffrey J. Rothschild to its Board of Directors. Rothschild is filling the position held by Aneel Bhusri, who is stepping down following more than seven years of board service.

Jeff Rothschild, Pure Storage Board of Directors

“Drawing from his years of experience building and shaping successful companies, Jeff’s insights will be valuable during this exciting time at Pure,” said Pure Storage CEO Charles Giancarlo. “Jeff is an accomplished business and technology leader, with insights into hyperscale cloud infrastructure, and we are thrilled to have him on our board of directors.”

Rothschild has been an advisor and venture partner at Accel, contributing to the development of many portfolio companies including Rhapsody Networks, Walmart.com, and Hearme.com. From 2005 to 2015, he was Vice President of Infrastructure Engineering at Facebook. Rothschild co-founded Veritas Software, a leading storage management software company.

“Pure has the right team, technology, and strategy to continue to grow and thrive,” said Rothschild. “I am honored to serve on the board alongside a talented team of advisors.”

As an early member of the Pure Storage board, Bhusri has been a strategic advisor to the company. “It has been my privilege to serve on Pure’s board and work closely with the team,” said Bhusri, Co-Founder and CEO of Workday. “As Workday is a happy Pure customer, I look forward to seeing even more great things from the company.”

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.

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

 

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SOURCE Pure Storage