Fastcase Partners with the American Immigration Lawyers Association to Publish New Journal

WASHINGTON, Oct. 31, 2018 /PRNewswire-PRWeb/ — Today Fastcase and the American Immigration Lawyers Association (AILA) announced they will partner to produce a new biannual law journal in 2019. The journal, which will cover current and pragmatic topics related to the rapidly changing immigration law landscape, will be led by Editor-in-Chief Shoba Sivaprasad Wadhia, Samuel Weiss Faculty Scholar and Clinical Professor of Law at Penn State Law in University Park.

The AILA Law Journal will be the second law journal published by the ever-expanding Fastcase imprint Full Court Press, the publishing arm of Fastcase. Like Full Court Press’s first journal offering, RAIL: The Journal of Robotics, Artificial Intelligence & Law, the new journal will be available in several mediums: in print, as an eBook, and within the Fastcase legal research application, as well as in AILALink—AILA’s immigration law research database.

“When we began discussing the next journal project to tackle, AILA came to mind as a fantastic and obvious choice,” said Full Court Press Publisher Morgan Morrissette Wright.

“Fastcase has a long and productive history working with AILA, from coming together to integrate specialty administrative immigration law opinions into the Fastcase legal research platform, to providing AILA members with a vast collection of primary law materials in conjunction with the expert resources offered on AILALink. Full Court Press was launched in large part to enable our state bar and alliance partners to expand their publishing programs. Given the fluctuating landscape of U.S. immigration law, it is important to provide AILA attorneys, and the legal community in general, with the most compelling, timely, and expert analysis possible.”

“Now, more than ever, immigration law and policy are at the forefront of a national discussion about who we are as a nation,” said Benjamin Johnson, AILA Executive Director. “All of our 15,000+ members are hungry for new and innovative resources that they can turn to for insights and advice that will help them serve their clients and advance the understanding of immigration law. AILA is excited to launch this new journal with Fastcase, one of our longstanding and valued partners, and we could not be more delighted that Professor Shoba Sivaprasad Wadhia will serve as Editor-in-Chief of this vital new resource.”

“I am honored to serve as the Editor-in-Chief of the AILA Law Journal and to build something together with AILA, Fastcase, and our esteemed editorial board,” said Wadhia. “The AILA Law Journal will provide our readers with accurate, concise, and cutting-edge writing about immigration law and policy from authors with expertise in the field and compassion towards those impacted.”

In 2019, Full Court Press will continue to publish a diverse library of titles, including co-developing digests, journals, treatises, guidebooks, and blogs with an array of partners, including other state and specialty bar associations, leading law schools and law firms, and authors who have entrusted Fastcase to continue publishing their work in updated and enhanced editions.

The AILA Law Journal will include contributions from several leading experts in the field, including:

PUBLISHER
Morgan Morrissette Wright
Fastcase

EDITOR-IN-CHIEF
Shoba Sivaprasad Wadhia
Samuel Weiss Faculty Scholar and Clinical Professor of Law, Founding Director of the Center for Immigrants’ Rights Clinic, Penn State Law in University Park

EDITOR
Danielle M. Polen
Director, Publications and Online Resources, AILA

EDITOR EMERITUS
Stephen H. Legomsky
John S. Lehmann University Professor Emeritus, Washington University Law in St. Louis

Board of Editors

Jim Alexander
Managing Shareholder, Maggio Kattar Nahajzer + Alexander, PC

Guillermo Cantor
Research Director, American Immigration Council

Dree K. Collopy
Partner, Benach Collopy, LLP

Kehrela Hodkinson
Principal, Hodkinson Law Group

Geoffrey A. Hoffman
Director, University of Houston Law Center Immigration Clinic
Clinical Associate Professor, University of Houston Law Center

Matthew Hoppock
Owner & Principal, Hoppock Law Firm

Mahsa Khanbabai
Owner, Khanbabai Immigration Law

Cyrus D. Mehta
Founder & Managing Partner, Cyrus D. Mehta & Partners, PLLC (CDMP)

Angelo A. Paparelli
Partner, Seyfarth Shaw, LLP

Thomas K. Ragland
Member, Clark Hill, PLC

Craig R. Shagin
Member, The Shagin Law Group, LLC
Adjunct Professor of Law, Widener Commonwealth Law School

Rebecca Sharpless
Professor of Clinical Legal Education, University of Miami School of Law

William A. Stock
Founding Member & Partner, Klasko Immigration Law Partners, LLP
AILA Past President

Becki Young
Co-Founder, Hammond Young Immigration Law, LLC

About Fastcase
As the smarter alternative for legal research, Fastcase democratizes the law, making it more accessible to more people. Using patented software that combines the best of legal research with the best of Web search, Fastcase helps busy users sift through the clutter, ranking the best cases first and enabling the re-sorting of results to find answers fast. Founded in 1999, Fastcase has more than 800,000 subscribers from around the world. Fastcase is an American company based in Washington, D.C. For more information, follow Fastcase on Twitter at @Fastcase, or visit http://www.fastcase.com.

About the American Immigration Lawyers Association
The American Immigration Lawyers Association (AILA) is the national association of more than 15,000 attorneys and law professors who practice and teach immigration law. AILA member attorneys represent U.S. families seeking permanent residence for close family members, as well as U.S. businesses seeking talent from the global marketplace. AILA members also represent foreign students, entertainers, athletes, and asylum seekers, often on a pro bono basis. Founded in 1946, AILA is a nonpartisan, not-for-profit organization that provides continuing legal education, information, professional services, and expertise through its 39 chapters and over 50 national committees. https://www.aila.org/

 

SOURCE Fastcase, Inc.

More Than 60% of Job Seekers Unsure if Companies Use Artificial Intelligence to Review Applications

WASHINGTON, Oct. 31, 2018 /PRNewswire/ — Job seekers question businesses’ use of artificial intelligence (AI) to evaluate resumes and cover letters, according to a new survey from Clutch, a B2B ratings and reviews firm.

The survey found that 32% of job seekers doubt companies used AI to review their resumes or cover letters during their most recent job search, compared to 32% who believe companies used AI but remain unsure.

This uncertainty translates to job seekers’ mixed feelings about AI, the survey finds. More than half of recent job seekers (51%) believe AI currently isn’t advanced enough to assist with recruitment – including nearly 20% who doubt AI will ever be useful.

Does AI Improve Recruitment?
AI’s level of usefulness depends on how companies choose to apply it.

Only 11% of job seekers believe AI improves recruitment. Experts warn that AI can reinforce existing biases when it’s used to evaluate resumes and cover letters. For example, AI can replicate a company’s tendency to hire candidates of a certain gender or educational background.

Experts, however, believe AI can be beneficial if companies use AI for skill-based testing instead of screening candidates’ race, gender, or backgrounds.

“As long as your test isn’t easier for someone who went to MIT than it is for someone who went to community college, AI can be tremendously helpful,” said Harj Haggar, CEO and co-founder of Triplebyte, a company that uses background-blind testing to match candidates with tech companies.

AI can also supplement communication between companies and candidates. Currently, only 3% of applicants communicate with companies via AI-supported chatbots, but experts see potential for growth.

Nearly One-Quarter of Job Seekers Text Companies During Recruitment
Nearly 25% of job seekers have texted a company representative during the interview process.

Courteney Kovacs, a senior professional in HR at Hudson Insurance Group, views texting as a valuable tool for communicating with potential employees, especially in a competitive hiring landscape.

“Everybody is texting,” Kovacs said. “If you can find a way to incorporate it into recruitment, why not?”

Candidates who text potential employers should use the same etiquette as writing a professional email, experts advise.

Nearly 20% of Job Seekers Use Social Media to Contact Companies
Nearly 1 in 5 job seekers (16%) connect with companies on social media.

Emily Rowe is the owner and CEO of Social Sensei, a Florida-based creative agency. She initially connected with three members of her core staff on Instagram before hiring them.

“If a business is on social media, they should expect to use it as a mode of communication,” Rowe said.

Traditional Communication Methods Remain Popular
Phone calls and email still remain essential to hiring.

Nearly three-quarters of recent hires connected with companies via phone calls (74%) and email (73%) during recruitment.

Clutch’s 2018 Recruiting Survey included 507 full-time employees who were hired in the past 6 months.

Read the full report here: https://clutch.co/hr/recruiting/resources/how-companies-use-technology-communicate-recruitment

For questions or comments about the survey, or an introduction to the experts included in the report, contact Michelle Delgado at 204145@email4pr.com.

About Clutch
A B2B research, ratings, and reviews firm in the heart of Washington, DC, Clutch connects small and medium businesses with the best-fit agencies, software, or consultants they need to tackle business challenges together and with confidence. Clutch’s methodology compares business service providers and software in a specific market based on verified client reviews, services offered, work quality, and market presence.

Contact
Michelle Delgado
204145@email4pr.com 
(202) 869-3866

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/more-than-60-of-job-seekers-unsure-if-companies-use-artificial-intelligence-to-review-applications-300740966.html

SOURCE Clutch

Validere raises $7M in funding to bring IoT and artificial intelligence to Oil & Gas

The financing round for the Y-Combinator backed oil and gas startup was led by Sallyport Investments

TORONTO, Oct. 31, 2018 /PRNewswire/ – Validere, a venture-backed oil and gas IoT and artificial intelligence platform has raised $7 million in seed funding to transform oil and gas trading and logistics through reliable data and Artificial Intelligence (AI) insights. The round included lead investor, Sallyport Investments, alongside Y Combinator, Real Ventures, Moment Ventures, and ZhenFund . The new round of funding will fuel Validere's US expansion and further the development of Validere's new AI-powered blending, logistics, and trading optimization platform.

Validere Technologies Inc. (CNW Group/Validere Technologies Inc.)

Oil and gas companies currently use unreliable product quality data to make critical operational decisions. To address this problem, Validere is using Internet of Things (IoT) to radically improve confidence in product quality and AI predictive insights to guide optimal blending, logistics, and trading decisions. This optimization helps oil and gas companies get up to $9 more out of a barrel.

"More than $2T worth of crude oil is traded annually. As oil constantly changes hands, batches mix together irreversibly changing the product's quality. The industry largely bases important operational decisions on poor quality data. Our platform not only informs product quality reliably and in real time, but it also uses AI to help oil and gas companies optimize product movement," said Ian Burgess, Validere's co-founder and CTO.

Doug Foshee, former CEO of El Paso Corporation and current owner of Sallyport Investments, added that "quality analytics represents a massive opportunity to push the industry forward. Validere's strong cross-functional team, proprietary AI platform, and deep understanding of the industry uniquely positions them to add tremendous value to midstream and upstream businesses."

Validere's funding announcement comes on the heels of a breakthrough year. The company successfully completed IoT and AI platform deployments with large Canadian oil and gas clients and recently expanded into the US market by opening a Houston office. Validere was also recently named one of Canada's top 20 most innovative tech companies by CIX (The Canadian Innovation Exchange).

ABOUT VALIDERE
Validere's AI & IoT platform is empowering oil & gas organizations to optimize critical blending, logistics, and trading decisions. Validere was founded in 2015 at Harvard by entrepreneurs who recognized the enormous opportunity to bring data transparency and innovation to oil & gas. The company graduated from San Francisco's Y-Combinator and Toronto's Creative Destruction Lab accelerators in 2016. For more information, visit validere.com

ABOUT SALLYPORT INVESTMENTS
Sallyport Investments was founded by Doug Foshee in 2012 to provide capital and leadership to companies in the Upstream, Midstream and Service Sectors of the Energy Industry. Sallyport is also heavily involved in philanthropy, supporting causes like education, veteran support, homelessness, and more. For more information, visit sallyport.net

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/validere-raises-7m-in-funding-to-bring-iot-and-artificial-intelligence-to-oil–gas-300741020.html

SOURCE Validere Technologies Inc.

Arteris IP Announces New FlexNoC® 4 Interconnect IP with Artificial Intelligence (AI) Package

CAMPBELL, Calif., Oct. 31, 2018 /PRNewswire-PRWeb/ — Arteris IP, the leading supplier of innovative, silicon-proven network-on-chip (NoC) interconnect intellectual property, today announced the new Arteris IP FlexNoC version 4 interconnect IP and the companion AI Package. FlexNoC 4 and the AI Package (“FlexNoC 4 AI”) implement many new technologies that ease the development of today’s most complex AI, deep neural network (DNN), and autonomous driving systems-on-chip (SoC).
Arteris IP created the new technologies in FlexNoC 4 AI based on its learning from some of the world’s leading AI and DNN SoC design teams. Arteris IP customers developing AI chips include autonomous driving pioneer Mobileye, who recently licensed Arteris IP FlexNoC and Ncore interconnect IP for its next-generation EyeQ systems, Movidius, Cambricon, Intellifusion, Enflame, Iluvatar CoreX, Canaan Creative, and four other companies that have not been publicly announced.

New capabilities in FlexNoC 4 and the new AI Package include:

  • Automated topology generation for mesh, ring and torus networks –FlexNoC 4 AI enables SoC architects to not only generate AI topologies automatically but also edit generated topologies to optimize each individual network router, if desired.
  • – – Multicast – FlexNoC 4 AI intelligent multicast optimizes the usage of on-chip and off-chip bandwidth by broadcasting data as close to network targets as possible. This allows for more efficient updates of DNN weights, image maps and other multicast data.
  • Source synchronous communications – Helps avoid clock tree synthesis, physical placement, and timing closure problems when spanning long distances on AI chips, which can be larger than 400 mm2.
  • VC-Link™ virtual channels – Allows sharing of long physical links in congested areas of the die while maintaining quality-of-service (QoS).
  • HBM2 and multichannel memory support – Ideal integration with HBM2 multichannel memory controllers with 8 or 16 channel interleaving.
  • Up to 2048-bit wide data support – With non-power of 2 data width and integrated rate adaptation.

“Numerous startups are attempting to develop SoCs for neural-network training and inference, but to be successful, they must have the interconnect IP and tools required to integrate such complex, massively parallel processors while meeting the requirements for high-bandwidth on-chip and off-chip communications,” said Mike Demler, Senior Analyst and Senior Editor, The Linley Group and Microprocessor Report. “Arteris IP has the experience and interconnect IP to help these companies succeed, and FlexNoC 4 with the AI Package provides the features required for AI chips in an easy-to-use and highly configurable form.”

“FlexNoC 4 and the accompanying AI Package are major interconnect technology updates that streamline the creation of the next generation of AI SoCs that hardware-accelerate neural network processing,” said K. Charles Janac, President and CEO of Arteris IP. “Arteris IP is committed to maintain and extend its role as the world’s leading technology provider for on-chip communications IP products that simplify the development and assembly of the highly complex chips designed by our customers.”

Availability
FlexNoC 4 interconnect IP and the FlexNoC 4 AI Package are available immediately.

About Arteris IP
Arteris IP provides network-on-chip (NoC) interconnect IP to accelerate system-on-chip (SoC) semiconductor assembly for a wide range of applications from AI to automobiles, mobile phones, IoT, cameras, SSD controllers, and servers for customers such as Samsung, Huawei / HiSilicon, Mobileye, and Texas Instruments. Arteris IP products include the Ncore cache coherent and FlexNoC non-coherent interconnect IP, the CodaCache standalone last level cache, and optional Resilience Package (ISO 26262 functional safety) and PIANO automated timing closure capabilities. Customer results obtained by using the Arteris IP product line include lower power, higher performance, more efficient design reuse and faster SoC development, leading to lower development and production costs. For more information, visit http://www.arteris.com or find us on LinkedIn at https://www.linkedin.com/company/arteris.
Arteris, FlexNoC, Ncore, and PIANO are registered trademarks of Arteris, Inc. Arteris IP, CodaCache, and the Arteris IP logo are trademarks of Arteris, Inc. All other product or service names are the property of their respective owners.

 

SOURCE Arteris IP

Evergage Unveils New Machine-Learning Innovations to Improve the Impact of and Ability to Analyze Personalization Efforts

SOMERVILLE, Mass., Oct. 31, 2018 /PRNewswire/ — Evergage, The 1-to-1 Platform company, today announced two new machine-learning innovations to help companies drive greater results with 1-to-1 personalization. With Evergage Decisions and the Evergage Data Science Workbench, companies can tap into their rich customer data, maintained in the Evergage platform, to maximize the performance of their personalization campaigns, and improve conversions and loyalty.

Evergage (PRNewsFoto/Evergage)

Evergage Decisions
For companies with multiple content assets – such as promotions, messages and images – it can be challenging to match the ideal experience to a specific visitor in real time. For example, a financial services firm might have a defined area on its homepage to highlight promotions – such as for credit cards, mortgages, auto loans and 401k plans – and wants to display the optimal one to each visitor, considering the likelihood of engagement and the value to the business.

With the new Evergage Decisions algorithms, B2C and B2B companies can apply industry-leading artificial intelligence (AI) to automatically deliver the most relevant content – or complete experience – to each website visitor, application user and email recipient.

Complementing Evergage’s already-powerful, machine-learning-driven, 1-to-1 personalization and recommendation capabilities, Contextual Bandit, the first algorithm launched as part of Evergage Decisions, goes further – delivering the most relevant offer or experience with the highest potential value to the company. This is computed by taking into account both the probability of engagement at the user level and the revenue opportunity or synthetic value (for non e-commerce use cases) at the business level.

Factoring in deep behavioral data, including a visitor’s digital engagement and the context of each session, along with other situational and attribute criteria (e.g., referral source, browser, device type, lifetime value, geolocation, etc.), Contextual Bandit:

  • Estimates the probability of each person interacting with each available offer or experience on a given channel (website, web app, mobile app, email) in real time.
  • Uses advanced machine learning to predict the content for each visitor with the highest-value return – weighing the probability of someone accepting a particular offer or promotion, with the business value of that offer to the company. And unlike A/B testing methodologies, which can only determine the best choice for all visitors, Contextual Bandit delivers automatic personalization to determine the best experience for each individual visitor.
  • Frees up marketers to focus on creating powerful messaging and offers, rather than spending lots of time defining rules about which experience to show which audience every time.

Evergage will be hosting a webinar on Nov. 14 at 1 p.m. ET, to discuss and demonstrate the power of Contextual Bandit. To register for free, please visit www.evergage.com/resources/webinars/contextual-bandit-optimal-offer/.

“Evergage’s platform and full suite of personalization capabilities – now including Evergage Decisions –  represent the future of personalization at the individual level,” said Karl Wirth, Evergage CEO and co-founder, and author of the award-winning book “One-to-One Personalization in the Age of Machine Learning.” “Contextual Bandit is a win-win – blending what’s most helpful to the customer with what’s best for the business. These advanced capabilities go beyond what any other personalization provider today offers – underscoring Evergage’s market leadership and commitment to helping companies improve customer engagement, loyalty and results.”

Data Science Workbench
Evergage is also introducing another breakthrough for its customers: the Evergage Data Science Workbench, giving companies’ data scientists a way to access and work with the rich data stored on Evergage servers. Such data – maintained in the unified profile of each and every customer, visitor and account a company has – includes in-depth behavioral data, contextual information and explicit survey responses, combined with first- and third-party information from other systems (e.g., CRMs, email service providers, data warehouses).

With the Data Science Workbench, this trove of information – previously available only to Evergage’s own data scientists – is now available to Evergage customers’ data scientists as well, in an environment that supports activities such as data transformation, numerical simulation, statistical modeling and data visualization.

The Data Science Workbench is a new component of the recently announced Evergage Gears™ framework – which enables companies to extend the core capabilities of Evergage’s platform and drive even greater value from their Evergage investments.

While Evergage natively provides companies with a way to deliver 1-to-1 personalized experiences based on deep behavioral analytics data, companies now also have the ability to access this raw data for their own analytical purposes. Their data scientists can use the Data Science Workbench to:

  • Initiate pulls of live data and cache it into the workbench.
  • Investigate the data using familiar tools, including Spark, Python and R.
  • Create visualizations, execute data transformations, build models and more.
  • Enhance the unified profiles in Evergage with the output of such models.

For more information about the Data Science Workbench, please see www.evergage.com/platform/evergage-gears/data-science-workbench/.

More information about Contextual Bandit is available at
www.evergage.com/modules/decisions/.

About Evergage
Only Evergage’s real-time personalization and customer data platform (CDP) delivers The Power of 1, enabling companies to transform the dream of 1:1 engagement, across channels, into reality. Combining in-depth behavioral analytics with advanced machine learning, Evergage provides the one solution you need to systematically understand and interact with each person that visits your site, uses your app or opens your emails – one at a time, “in the moment” and at scale – to deliver a maximally relevant, individualized experience. Evergage’s powerful and flexible cloud-based platform delivers personalization to billions of web visitors, improving revenue growth, demand generation and customer success for leading organizations across industries, including Citrix, Endurance International Group, Lenovo, Publishers Clearing House, Rue La La and Zumiez. Evergage is a four-time winner in the Stevie American Business Awards and Golden Bridge Awards, three-time winner in the Best in Biz Awards, and two-time CODiE Award winner. For more information, visit http://evergage.com or contact the company at info@evergage.com or 1-888-310-0589.

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

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/evergage-unveils-new-machine-learning-innovations-to-improve-the-impact-of-and-ability-to-analyze-personalization-efforts-300741144.html

SOURCE Evergage

ThroughPut Inc. Appoints Global Leader in Product, Advanced Technologies & Big Data Analytics, Dr. Bhaskar Ballapragada, to Chief Technology Architect

Seasoned Public and Private Technology Architecture & Analytics Leader drives product and platform strategy as ThroughPut Inc. expands into the next stage of venture growth and global enterprise scalability

MENLO PARK, Calif. and SAN FRANCISCO, Oct. 31, 2018 /PRNewswire/ — ThroughPut Inc., the Artificial Intelligence (AI) Supply Chain pioneer that enables companies to detect, prioritize and alleviate dynamic operational bottlenecks, today announced the appointment of Dr. Bhaskar Ballapragada to the role of Chief Technology Architect. Ballapragada most recently served as the Chief Product Officer of RhythmOne [RTHM], with responsibilities for Global Product, Engineering and Data across companies worldwide operations.

“We’re glad to welcome Bhaskar to ThroughPut executive team. Bhaskar’s impressive track record over three-decades at four pioneering analytics companies highlights his proven experience in building multiple, large-scale, data-intensive platforms. Bhaskar has deep expertise in analytics, machine learning and artificial intelligence that operate at hyper-velocities and massive-scales. His long-standing background in chemical process engineering and operations management further make him a perfect fit for the next-generation of our Bottleneck Management System, built on ThroughPut’s ELI platform, the market leader in automated bottleneck detection, prioritization and remediation through process intelligence initiatives,” said Ali Raza, ThroughPut Founder and CEO. “Bhaskar has come on board to continue providing innovative process optimization and supply chain solutions at scale to our global enterprise customers and partners.”

Ballapragada will also lead strategic initiatives across the company and partner with Chief Operations Officer, Co-Founder and Corporate Development veteran, Seth Page, to identify and build-out key technology partnerships for driving overall revenue generation, product distribution and operational excellence across the company.

Ballapragada is stepping into the late-co-founder role, where rapidly building-out dynamic, world-class engineering and production-ready solutions at scale has become a Fortune 500 prerequisite for Supply Chain Process Intelligence providers.

“I am truly honored to join ThroughPut and be part of such a talented and incredibly driven team,” said Ballapragada. “In today’s hyper-connected world, digital technologies are evolving at a rapid pace and traditional industry leaders need the right innovation partners to build their market position. The crux of a supply chain framework revolves around putting the right products to customers at the right time. Think of it as Toyota Production Systems applied to the digital environment. In the modern world, data is like a part in the supply chain.  Smaller existing data sets that are available for use now, are much more valuable when analyzed together to solve existing bottleneck problems today. In contrast, the hoards of big data awaiting at the end of a long and expensive digital transformation consulting tunnel will someday be useful, but don’t address today’s issues with tomorrow’s promises until actually implemented. With globalization, dynamic market needs, mass customization and an enormous disruption of systems, processes, and products, the very premise of true supply chain visibility is facing huge problems today. Companies need to stay as efficient as possible to avoid any surprises and predictably mitigate bottlenecks. ThroughPut’s transformative Artificial Intelligence driven platform, ELI, crunches the hoards of time-stamped records, both small and large, to empower companies with real-time notifications and 360-degree visibility across the entire supply chain, including manufacturing, logistics and demand forecasting. With ELI’s powerful and robust data management and integration capabilities, business leaders can now focus on forward-looking strategic initiatives versus running the day-to-day operations and putting out the fires of the hour. I am very optimistic about where ThroughPut is headed and pleased to contribute my technology expertise in building future-ready supply chain solutions for our customers.”

Prior to RhythmOne, Ballapragada served as the President of Prime Visibility Media Group’s Platform business, and CTO of it’s acquired predecessors, all fast-growing venture capital and private equity backed ventures. Earlier in his career, Ballapragada was a Senior Process Engineering Consultant with Damon S Williams Associates, where Ballapragada designed the dechlorination Facility for the City of Phoenix Wastewater Treatment Plant , and created the operations manual for the 140 Million Gallons-per-Day City of San Diego Wastewater Treatment Plant.

Ballapragada has a Ph.D. in Engineering from University of Washington, Masters in Engineering from Vanderbilt University, an MBA from the Northwestern Kellogg School of Management, and a Bachelors of Technology from IIT, Bombay.

About ThroughPut Inc:

ThroughPut Inc. is the Artificial Intelligence (AI) Supply Chain pioneer that enables companies to detect, prioritize and alleviate dynamic operational bottlenecks in real-time. ThroughPut’s supply chain Bottleneck Management System (BMS) runs on the ELI platform, helping clients utilize their existing enterprise databases, such as ERP, MES, and PLC, to automatically solve bottlenecks today. The technology was designed by Fortune 500 geomarket logistics leaders and Silicon Valley analytics experts with decades of experience in the industrial technology and enterprise space. ELI thinks like an operations manager and provides human domain expertise and insights in a timely manner to the right operations leads, which current, status-quo static Business Intelligence and Analytics tools do not effectively capture nor leverage. Throughput’s dynamic insights include real-time resource allocation recommendations, granular root causes, and operational process stability analysis. ELI enables process improvement experts and operations managers to reduce cycle times and operational unpredictability across some of the most advanced process industries, including automotive, manufacturing, oil & gas, transportation & aviation, chemical processing, energy and utilities. More information about ThroughPut is available at www.throughput.ai

Contact:
ThroughPut Inc
Tina Jacobs, +1 215-606-8552
Marketing@ThroughPut.ai

Cision View original content:http://www.prnewswire.com/news-releases/throughput-inc-appoints-global-leader-in-product-advanced-technologies–big-data-analytics-dr-bhaskar-ballapragada-to-chief-technology-architect-300740741.html

SOURCE ThroughPut Inc.

Clarivate Analytics to enhance AI-driven trademark research solutions with TrademarkVision acquisition

Strategic acquisition of cutting-edge, Australian company to deliver the next generation of trademark research

PHILADELPHIA, Oct. 30, 2018 /PRNewswire/ — Clarivate Analytics, the global leader in providing trusted insights and analytics to accelerate the pace of innovation, today announced the acquisition of Australian AI-technology company TrademarkVision. It joins Boston-based company CompuMark, the trademark clearance and protection partner for 9 out of 10 of the world’s most valuable brands.

Clarivate Analytics logo

Forty percent of trademarks filed contain images. However, trademark professionals rely on building complex queries with keywords and image codes to research image-based trademarks on their own. TrademarkVision revolutionized the trademark research space when it released the world’s first visual search for trademarks in 2013.

TrademarkVision’s AI-powered image recognition software applies the principles of facial recognition software to visually search artwork, images and even 3D design patents, to determine whether a proposed trademark logo is acceptable or if it infringes on an existing trademark. CompuMark currently applies TrademarkVision technology within TM go365™, a tool designed to enable trademark professionals to instantly research trademarks and more effectively manage day-to-day portfolios.

Jeff Roy, President, CompuMark, said: “CompuMark is making significant investments in its product portfolio and the business as a whole by investing in best-of-breed image recognition technology and expertise in artificial intelligence. TrademarkVision’s award-winning AI innovation and deep relationships with Patent and Trademark Offices (PTO) and government agencies around the world, combined with CompuMark’s premier data, industry-leading expertise and global reach will open opportunities for new products and solutions both within and outside the trademark research industry that will underpin the business’s next generation of solutions.”

TrademarkVision’s CEO and founder Sandra Mau will remain with the company, along with COO Cameron Mitchell and their team of 30+ professionals based in Brisbane, Australia, and Pittsburgh, USA. She explained, “As part of CompuMark, TrademarkVision will be able to leverage CompuMark’s expertise in the trademark industry and vast global distribution channels to ensure our next generation of solutions reach trademark professionals around the world.”

The addition of TrademarkVision technology to CompuMark follows the announcement earlier this year that CompuMark entered a strategic partnership with Chinese trademark solution provider, White Rabbit / Bai Tu.  Clarivate Analytics continues to invest in new technologies and solutions that support innovation and improved products for its global customers. This is Clarivate’s third acquisition in 18 months, following the acquisition of technology start-ups Kopernio and Publons.

TrademarkVision was advised in the transaction by Innovation Advisors, a technology-focused, global investment bank.

1. Voted Best AI Startup –AIBusiness at the largest AI summit in the world. Fast Company listed in Top 10 most innovative Machine Learning companies  in the world

About CompuMark
CompuMark is the industry leader in trademark research and protection solutions. We enable trademark and brand professionals worldwide to launch, expand and protect strong brands through the highest quality global content; expert analysis; superior trademark screening, search, and watch tools; and best-in-class service. Key products include: SAEGIS Trademark Screening Tools; TM go365 DIY Clearance Solution; Trademark Full Search; Trademark Watching; Copyright Searches; and Custom Solutions. For more information, please visit www.compumark.com.

About TrademarkVision
TrademarkVision protects the world’s brands with image recognition and machine learning. Based out of Australia and the USA, it works closely with government IP offices and many leading law firms and corporations around the world. For more information, please visit www.trademark.vision

About Clarivate Analytics
Clarivate Analytics is the global leader in providing trusted insights and analytics to accelerate the pace of innovation. Building on a heritage going back more than a century and a half, we have built some of the most trusted brands across the innovation lifecycle, including CompuMark, Web of Science, Cortellis, Derwent, MarkMonitor and Techstreet. Today, Clarivate Analytics is a new and independent company on a bold entrepreneurial mission to help our clients radically reduce the time from new ideas to life-changing innovations. For more information, please visit www.clarivate.com.

MEDIA CONTACTS
Sofia Nogues
External Communications Manager
+44 7500102982
Email: sofia.nogues@clarivate.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/clarivate-analytics-to-enhance-ai-driven-trademark-research-solutions-with-trademarkvision-acquisition-300740793.html

SOURCE Clarivate Analytics

Sprint Reports Year-Over-Year Growth In Wireless Service Revenue With Fiscal Year 2018 Second Quarter Results

OVERLAND PARK, Kan., Oct. 31, 2018 /PRNewswire/ —

  • Wireless service revenue grew year-over-year for the first time in nearly five years, excluding the $173 million impact of the new revenue recognition standard
  • Net income of $196 million, operating income of $778 million, and adjusted EBITDA* of $3.3 billion
    • Fourth consecutive quarter of net income and 11th consecutive quarter of operating income
    • Highest fiscal second quarter adjusted EBITDA* in 12 years and raising fiscal year 2018 adjusted EBITDA* outlook
  • Net cash provided by operating activities of $2.9 billion and adjusted free cash flow* of $525 million
    • Positive adjusted free cash flow* in six of the last seven quarters
  • Retail net additions of 95,000
    • Postpaid net additions for the fifth consecutive quarter
    • Prepaid net additions in the Boost brand for the seventh consecutive quarter
  • Most improved network among national carriers based on average download speeds
    • Further improvement expected with nationwide deployment of LTE Advanced features that offer up to two times faster speeds than before
  • Strong progress on digitalization initiatives
    • Postpaid gross additions in digital channels increased nearly 60 percent year-over-year

 

Sprint Corp. Logo (PRNewsfoto/Sprint Corp.)

Sprint Corporation (NYSE: S) today reported year-over-year growth in wireless service revenue for the first time in nearly five years and positive adjusted free cash flow* for the sixth time in the last seven quarters as part of results for the second quarter of fiscal year 2018. The company also announced an increase to its fiscal year 2018 adjusted EBITDA* outlook.

“Sprint reached an important milestone this quarter by returning to year-over-year growth in wireless service revenue two quarters earlier than promised,” said Sprint CEO Michel Combes. “Our strategy of balancing growth and profitability while we increase network investments and add digital capabilities continues to drive solid financial results.” 

Wireless Service Revenue Inflection Contributes to Improved Profitability
One quarter after reporting sequential growth, Sprint reported year-over-year growth in wireless service revenue for the first time in nearly five years, when excluding the impact of the new revenue recognition standard. Five consecutive quarters of postpaid net additions and seven consecutive quarters of prepaid net additions within the Boost brand, along with stabilizing ARPU, have contributed to improved revenue trends in the business.

  • Postpaid service revenue grew sequentially for the second consecutive quarter.
  • Prepaid service revenue grew year-over-year for the fourth consecutive quarter.

Sprint reported its fourth consecutive quarter of net income, its 11th consecutive quarter of operating income, and its highest fiscal second quarter adjusted EBITDA* in 12 years, all excluding the positive impact of the new revenue recognition standard. The new revenue recognition standard had a positive impact of $178 million on reported net income and $225 million on reported operating income and adjusted EBITDA* in the quarter.

Sprint continued to make progress on its multi-year plan to improve its cost structure. Excluding the impact of the new revenue recognition standard and merger costs, the company reported approximately $200 million of combined year-over-year reductions in cost of services and selling, general and administrative expenses in the first half of fiscal 2018. For the full fiscal year, the company expects to deliver gross reductions of more than $1 billion for the fifth consecutive year, with net reductions of less than $500 million after reinvestments.

(Millions, except per share data)

Fiscal 2Q18

Fiscal 2Q17

Change

Net income (loss)

$196

($48)

$244

Basic income (loss) per share

$0.05

($0.01)

$0.06

Operating income

$778

$601

$177

Adjusted EBITDA*

$3,256

$2,729

$527

Net cash provided by operating activities

$2,927

$2,802

$125

Adjusted free cash flow*

$525

$420

$105

New Premium Option Joins the Best Lineup of Unlimited Plans
Sprint expanded its portfolio of unlimited data, talk and text plans this quarter by introducing Unlimited Premium, a VIP platinum-style wireless plan tailored for the customer who wants it all. The company also recently launched a selection of unlimited plans for customers who want value, a great network and unlimited data, including the Unlimited Plus, Unlimited Basic, Unlimited Military, and Unlimited 55+ plans. All these plans are part of the company’s “Unlimited for All” initiative to design plans so customers can select the best choice for them.

Increased Network Investments Driving a Better Experience
Sprint’s quarterly network investments, or cash capital expenditures excluding leased devices, nearly doubled year-over-year as the company made continued progress on executing its Next-Gen Network plan.

  • Sprint completed thousands of tri-band upgrades and now has 2.5 GHz spectrum deployed on 70 percent of its macro sites.
  • Sprint added thousands of new outdoor small cells and currently has 21,000 deployed including both mini macros and strand mounts.
  • Sprint continued commercial deployment of Massive MIMO radios, which increase the speed and capacity of the LTE network and, with a software upgrade, will provide mobile 5G service launching in the first half of 2019.

These deployments are contributing to Sprint providing customers with a better network experience, as seen in Speedtest Intelligence data from Ookla.

  • Best-ever showing with the fastest average download speed in 123 cities, including Seattle, Pittsburgh, Denver, and Honolulu.1
  • Most improved network among national carriers with national average download speeds up 31.5 percent year-over-year.2

The company has reached nationwide deployment with LTE Advanced features such as 256 QAM, 4X4 MIMO, and two- and three-channel carrier aggregation, a milestone on the road to 5G. These enhancements are expected to deliver up to two times faster speeds than Sprint 4G LTE on capable devices.

Becoming a Digital-First Company
Sprint is leading the U.S. telecommunications industry in leveraging digital capabilities, including boosting sales in digital channels, leveraging artificial intelligence to improve customer care interactions, and utilizing deep dive analytics to identify customer issues.

  • Postpaid gross additions in digital channels increased nearly 60 percent year-over-year.
  • Nearly 20 percent of postpaid upgrades were in digital channels in the quarter.
  • More than 25 percent of all Sprint customer care chats are now performed by virtual agents using artificial intelligence.

Fiscal Year 2018 Outlook

  • Due to strong year-to-date performance, the company is increasing its expectation for adjusted EBITDA* to a range of $12.4 billion to $12.7 billion. The previous expectation was $12.0 billion to $12.5 billion.
  • Excluding the impact of the new revenue recognition standard, the company is also increasing its expectation for adjusted EBITDA* to a range of $11.7 billion to $12.0 billion. The previous expectation was $11.3 billion to $11.8 billion.
  • The company expects cash capital expenditures excluding leased devices to be $5.0 billion to $5.5 billion. The previous expectation was $5.0 billion to $6.0 billion.

Conference Call and Webcast

  • Date/Time: 8:30 a.m. (ET) Wednesday, October 31, 2018
  • Call-in Information
    • U.S./Canada: 866-360-1063 (ID: 6693758)
    • International: 443-961-0242 (ID: 6693758)
  • Webcast available at www.sprint.com/investors
  • Additional information about results is available on our Investor Relations website

 

1 Analysis by Ookla® of Speedtest Intelligence® data average download speeds from 7/1/18 to 9/30/18 for all mobile results.

2 Analysis by Ookla® of Speedtest Intelligence® data comparing average download speeds from September 2017 to September 2018 for all mobile results.

 

Wireless Operating Statistics (Unaudited)

 Quarter To Date 

 Year To Date 

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Net additions (losses) (in thousands)

Postpaid

109

123

168

232

129

Postpaid phone

(34)

87

279

53

367

Prepaid

(14)

3

95

(11)

130

Wholesale and affiliate

(115)

(69)

115

(184)

180

Total wireless net (losses) additions

(20)

57

378

37

439

End of period connections (in thousands)

Postpaid(a) (c) (d) 

32,296

32,187

31,686

32,296

31,686

Postpaid phone(a) (c)

26,813

26,847

26,432

26,813

26,432

Prepaid(a) (b) (c) (e)

9,019

9,033

8,765

9,019

8,765

Wholesale and affiliate (b) (c) (f)

13,232

13,347

13,576

13,232

13,576

Total end of period connections

54,547

54,567

54,027

54,547

54,027

Churn

Postpaid

1.78%

1.63%

1.72%

1.71%

1.69%

Postpaid phone

1.73%

1.55%

1.59%

1.64%

1.55%

Prepaid

4.74%

4.17%

4.83%

4.45%

4.70%

Supplemental data – connected devices

End of period connections (in thousands)

Retail postpaid

2,585

2,429

2,158

2,585

2,158

Wholesale and affiliate

10,838

10,963

11,221

10,838

11,221

Total

13,423

13,392

13,379

13,423

13,379

ARPU(g)

Postpaid

$           43.99

$           43.55

$           46.00

$           43.77

$           46.65

Postpaid phone

$           50.16

$           49.57

$           52.34

$           49.86

$           53.13

Prepaid

$           35.40

$           36.27

$           37.83

$           35.83

$           38.04

NON-GAAP RECONCILIATION – ABPA* AND ABPU* (Unaudited)

(Millions, except accounts, connections, ABPA*, and ABPU*)

Quarter To Date

 Year To Date 

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

ABPA*

Postpaid service revenue

$           4,255

$           4,188

$           4,363

$           8,443

$           8,829

Add: Installment plan and non-operating lease billings 

326

352

397

678

765

Add: Equipment rentals

1,253

1,212

966

2,465

1,865

Total for postpaid connections

$           5,834

$           5,752

$           5,726

$         11,586

$         11,459

Average postpaid accounts (in thousands)

11,207

11,176

11,277

11,192

11,295

Postpaid ABPA*(h)

$         173.53

$         171.57

$         169.25

$         172.55

$         169.10

Quarter To Date

 Year To Date 

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Postpaid phone ABPU*

Postpaid phone service revenue

$           4,038

$           3,977

$           4,132

$           8,015

$           8,346

Add: Installment plan and non-operating lease billings 

279

307

358

586

690

Add: Equipment rentals

1,247

1,204

953

2,451

1,840

Total for postpaid phone connections

$           5,564

$           5,488

$           5,443

$         11,052

$         10,876

Postpaid average phone connections (in thousands)

26,838

26,745

26,312

26,792

26,182

Postpaid phone ABPU* (i)

$           69.10

$           68.41

$           68.95

$           68.75

$           69.23

(a) During the three-month period ended June 30, 2018, we ceased selling devices in our installment billing program under one of our brands and as a result, 45,000 subscribers were migrated back to prepaid.

(b) Sprint is no longer reporting Lifeline subscribers due to regulatory changes resulting in tighter program restrictions. We have excluded them from our customer base for all periods presented, including our Assurance Wireless prepaid brand and subscribers through our wholesale Lifeline MVNOs.

(c)  As a result of our affiliate agreement with Shentel, certain subscribers have been transferred from postpaid and prepaid to affiliates. During the three-month period ended June 30, 2018, 10,000 and 4,000 subscribers were transferred from postpaid and prepaid, respectively, to affiliates. During the three-month period ended June 30, 2017, 17,000 and 4,000 subscribers were transferred from postpaid and prepaid, respectively, to affiliates.

(d)  During the three-month period ended June 30, 2017, 2,000 Wi-Fi connections were adjusted from the postpaid subscriber base.

(e)  During the three-month period ended September 30, 2017, the Prepaid Data Share platform It’s On was decommissioned as the Company continues to focus on
higher value contribution offerings resulting in a 49,000 reduction to prepaid end of period subscribers.

(f)  On April 1, 2018, approximately 115,000 wholesale subscribers were removed from the subscriber base with no impact to revenue.

(g)  ARPU is calculated by dividing service revenue by the sum of the monthly average number of connections in the applicable service category. Changes in average monthly service revenue reflect connections for either the postpaid or prepaid service category who change rate plans, the level of voice and data usage, the amount of service credits which are offered to connections, plus the net effect of average monthly revenue generated by new connections and deactivating connections.  Postpaid phone ARPU represents revenues related to our postpaid phone connections.

(h)  Postpaid ABPA* is calculated by dividing postpaid service revenue earned from postpaid customers plus billings from installment plans and non-operating leases, as well as equipment rentals, by the sum of the monthly average number of postpaid accounts during the period. Installment plan billings represent the substantial majority of the total billings in the table above for all periods presented.

(i)  Postpaid phone ABPU* is calculated by dividing service revenue earned from postpaid phone customers plus billings from installment plans and non-operating leases, as well as equipment rentals, by the sum of the monthly average number of postpaid phone connections during the period. Installment plan billings represent the substantial majority of the total billings in the table above for all periods presented.

 

Wireless Device Financing Summary (Unaudited)

(Millions, except sales, connections, and leased devices in property, plant and equipment)

 Quarter To Date 

 Year To Date 

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Postpaid activations (in thousands)

3,772

3,473

3,917

7,245

7,585

Postpaid activations financed

81%

83%

85%

82%

85%

Postpaid activations – operating leases

59%

70%

68%

64%

62%

Installment plans

Installment sales financed

$              255

$             213

$             268

$             468

$             821

Installment billings

$              292

$             325

$             373

$             617

$             741

Installment receivables, net

$              838

$             983

$           1,583

$             838

$           1,583

Equipment rentals and depreciation – equipment rentals

Equipment rentals   

$           1,253

$           1,212

$             966

$           2,465

$           1,865

Depreciation – equipment rentals

$           1,181

$           1,136

$             888

$           2,317

$           1,742

Leased device additions

Cash paid for capital expenditures – leased devices

$           1,707

$           1,817

$           1,706

$           3,524

$           3,065

Leased devices  

Leased devices in property, plant and equipment, net

$           6,184

$           6,213

$           4,709

$           6,184

$           4,709

Leased device units

Leased devices in property, plant and equipment (units in thousands)

15,392

15,169

13,019

15,392

13,019

Leased device and receivables financings net proceeds

Proceeds

$           1,527

$           1,356

$             789

$           2,883

$           1,554

Repayments

(1,200)

(1,070)

(1,148)

(2,270)

(1,421)

Net proceeds (repayments) of financings related to devices and receivables

$              327

$             286

$            (359)

$             613

$             133

 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(Millions, except per share data)

Quarter To Date

Year To Date

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Net operating revenues

  Service revenue

$           5,762

$           5,740

$           5,967

$         11,502

$         12,038

  Equipment sales

1,418

1,173

994

2,591

2,181

  Equipment rentals

1,253

1,212

966

2,465

1,865

Total net operating revenues

8,433

8,125

7,927

16,558

16,084

Net operating expenses

  Cost of services (exclusive of depreciation and amortization below)

1,694

1,677

1,698

3,371

3,407

  Cost of equipment sales

1,517

1,270

1,404

2,787

2,949

  Cost of equipment rentals (exclusive of depreciation below)

151

124

112

275

224

  Selling, general and administrative

1,861

1,867

2,013

3,728

3,951

  Depreciation – network and other

1,021

1,023

997

2,044

1,974

  Depreciation – equipment rentals

1,181

1,136

888

2,317

1,742

  Amortization

159

171

209

330

432

  Other, net

71

42

5

113

(359)

Total net operating expenses

7,655

7,310

7,326

14,965

14,320

Operating income

778

815

601

1,593

1,764

  Interest expense

(633)

(637)

(595)

(1,270)

(1,208)

  Other income (expense), net

79

42

44

121

(8)

Income before income taxes

224

220

50

444

548

  Income tax expense

(17)

(47)

(98)

(64)

(390)

Net income (loss)

207

173

(48)

380

158

  Less: Net (income) loss attributable to noncontrolling interests

(11)

3

(8)

Net income (loss) attributable to Sprint Corporation

$             196

$             176

$              (48)

$             372

$             158

Basic net income (loss) per common share attributable to Sprint Corporation

$            0.05

$            0.04

$           (0.01)

$            0.09

$            0.04

Diluted net income (loss) per common share attributable to Sprint Corporation

$            0.05

$            0.04

$           (0.01)

$            0.09

$            0.04

Basic weighted average common shares outstanding

4,061

4,010

3,998

4,036

3,996

Diluted weighted average common shares outstanding

4,124

4,061

3,998

4,095

4,080

Effective tax rate

7.6%

21.4%

196.0%

14.4%

71.2%

NON-GAAP RECONCILIATION – NET INCOME (LOSS) TO ADJUSTED EBITDA* (Unaudited)

(Millions)

Quarter To Date

Year To Date

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Net income (loss)

$             207

$             173

$              (48)

$             380

$             158

  Income tax expense

17

47

98

64

390

Income before income taxes

224

220

50

444

548

  Other (income) expense, net

(79)

(42)

(44)

(121)

8

  Interest expense

633

637

595

1,270

1,208

Operating income

778

815

601

1,593

1,764

  Depreciation – network and other

1,021

1,023

997

2,044

1,974

  Depreciation – equipment rentals

1,181

1,136

888

2,317

1,742

  Amortization

159

171

209

330

432

EBITDA*(1)

3,139

3,145

2,695

6,284

5,912

  Loss (gain) from asset dispositions, exchanges, and other, net(2)

68

68

(304)

  Severance and exit costs (3)

25

8

33

  Contract terminations (4)

34

34

(5)

  Merger costs (5)

56

93

149

  Litigation and other contingencies(6)

(55)

  Hurricanes (7)

(32)

34

(32)

34

Adjusted EBITDA*(1)

$           3,256

$           3,280

$           2,729

$           6,536

$           5,582

Adjusted EBITDA margin*

56.5%

57.1%

45.7%

56.8%

46.4%

Selected items:

  Cash paid for capital expenditures – network and other

$           1,266

$           1,132

$             692

$           2,398

$           1,843

  Cash paid for capital expenditures – leased devices

$           1,707

$           1,817

$           1,706

$           3,524

$           3,065

 

WIRELESS STATEMENTS OF OPERATIONS (Unaudited)

(Millions)

Quarter To Date

Year To Date

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Net operating revenues

Service revenue

Postpaid

$           4,255

$           4,188

$           4,363

$           8,443

$           8,829

Prepaid

954

982

990

1,936

1,989

Wholesale, affiliate and other

289

290

296

579

555

Total service revenue

5,498

5,460

5,649

10,958

11,373

  Equipment sales

1,418

1,173

994

2,591

2,181

  Equipment rentals

1,253

1,212

966

2,465

1,865

Total net operating revenues

8,169

7,845

7,609

16,014

15,419

Net operating expenses

  Cost of services (exclusive of depreciation and amortization below)

1,466

1,429

1,422

2,895

2,834

  Cost of equipment sales

1,517

1,270

1,404

2,787

2,949

  Cost of equipment rentals (exclusive of depreciation below)

151

124

112

275

224

  Selling, general and administrative

1,749

1,704

1,936

3,453

3,811

  Depreciation – network and other

968

972

944

1,940

1,869

  Depreciation – equipment rentals

1,181

1,136

888

2,317

1,742

  Amortization

159

171

209

330

432

  Other, net

58

37

5

95

(309)

Total net operating expenses

7,249

6,843

6,920

14,092

13,552

Operating income

$             920

$           1,002

$             689

$           1,922

$           1,867

WIRELESS NON-GAAP RECONCILIATION (Unaudited)

(Millions)

Quarter To Date

Year To Date

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Operating income

$             920

$           1,002

$             689

$           1,922

$           1,867

  Loss (gain) from asset dispositions, exchanges, and other, net(2)

68

68

(304)

  Severance and exit costs (3)

12

3

15

(5)

  Contract terminations (4)

34

34

(5)

  Hurricanes (7)

(32)

34

(32)

34

  Depreciation – network and other

968

972

944

1,940

1,869

  Depreciation – equipment rentals

1,181

1,136

888

2,317

1,742

  Amortization

159

171

209

330

432

Adjusted EBITDA*(1)

$           3,276

$           3,318

$           2,764

$           6,594

$           5,630

Adjusted EBITDA margin*

59.6%

60.8%

48.9%

60.2%

49.5%

Selected items:

  Cash paid for capital expenditures – network and other

$           1,101

$           1,019

$             549

$           2,120

$           1,514

  Cash paid for capital expenditures – leased devices

$           1,707

$           1,817

$           1,706

$           3,524

$           3,065

 

WIRELINE STATEMENTS OF OPERATIONS (Unaudited)

(Millions)

Quarter To Date

Year To Date

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Net operating revenues

$             328

$             338

$             409

$             666

$             842

Net operating expenses

  Cost of services (exclusive of depreciation and amortization below)

295

311

372

606

759

  Selling, general and administrative

53

69

66

122

123

  Depreciation and amortization

51

49

49

100

100

  Other, net

13

5

18

5

Total net operating expenses

412

434

487

846

987

Operating loss

$              (84)

$              (96)

$              (78)

$            (180)

$            (145)

WIRELINE NON-GAAP RECONCILIATION (Unaudited)

(Millions)

Quarter To Date

Year To Date

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Operating loss

$              (84)

$              (96)

$              (78)

$            (180)

$            (145)

  Severance and exit costs (3)

13

5

18

5

  Depreciation and amortization

51

49

49

100

100

Adjusted EBITDA*

$              (20)

$              (42)

$              (29)

$              (62)

$              (40)

Adjusted EBITDA margin*

-6.1%

-12.4%

-7.1%

-9.3%

-4.8%

Selected items:

  Cash paid for capital expenditures – network and other

$               55

$               51

$               40

$             106

$             102

 

CONDENSED CONSOLIDATED CASH FLOW INFORMATION (Unaudited)

(Millions)

Year To Date

9/30/18

9/30/17

Operating activities

  Net income

$             380

$             158

  Depreciation and amortization

4,691

4,148

  Provision for losses on accounts receivable

166

199

  Share-based and long-term incentive compensation expense 

68

87

  Deferred income tax expense

39

364

  Gains from asset dispositions and exchanges

(479)

  Loss on early extinguishment of debt

65

  Amortization of long-term debt premiums, net

(67)

(90)

  Loss on disposal of property, plant and equipment

343

410

  Deferred purchase price from sale of receivables

(223)

(640)

  Other changes in assets and liabilities:

    Accounts and notes receivable

85

(179)

    Inventories and other current assets 

168

541

    Accounts payable and other current liabilities 

(95)

(161)

    Non-current assets and liabilities, net 

(384)

183

  Other, net 

186

120

Net cash provided by operating activities

5,357

4,726

Investing activities

  Capital expenditures – network and other

(2,398)

(1,843)

  Capital expenditures – leased devices

(3,524)

(3,065)

  Expenditures relating to FCC licenses

(70)

(19)

  Change in short-term investments, net

(832)

3,834

  Proceeds from sales of assets and FCC licenses

272

218

  Proceeds from deferred purchase price from sale of receivables

223

640

  Other, net

42

(2)

Net cash used in investing activities 

(6,287)

(237)

Financing activities

  Proceeds from debt and financings

2,944

1,860

  Repayments of debt, financing and capital lease obligations

(2,928)

(4,261)

  Debt financing costs

(248)

(9)

  Call premiums paid on debt redemptions

(129)

  Proceeds from issuance of common stock, net

276

1

  Other, net

(22)

Net cash provided by (used in) financing activities 

44

(2,560)

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

(886)

1,929

Cash, cash equivalents and restricted cash, beginning of period

6,659

2,942

Cash, cash equivalents and restricted cash, end of period

$           5,773

$           4,871

RECONCILIATION TO CONSOLIDATED FREE CASH FLOW* (NON-GAAP) (Unaudited)

(Millions)

Quarter To Date

Year To Date

9/30/18

6/30/18

9/30/17

9/30/18

9/30/17

Net cash provided by operating activities

$           2,927

$           2,430

$           2,802

$           5,357

$           4,726

  Capital expenditures – network and other

(1,266)

(1,132)

(692)

(2,398)

(1,843)

  Capital expenditures – leased devices

(1,707)

(1,817)

(1,706)

(3,524)

(3,065)

  Expenditures relating to FCC licenses, net

(11)

(59)

(6)

(70)

(19)

  Proceeds from sales of assets and FCC licenses

139

133

117

272

218

  Proceeds from deferred purchase price from sale of receivables

53

170

265

223

640

  Other investing activities, net

63

(3)

(1)

60

(2)

Free cash flow*

$             198

$            (278)

$             779

$              (80)

$             655

  Net proceeds (repayments) of financings related to devices and receivables

327

286

(359)

613

133

Adjusted free cash flow*

$             525

$                 8

$             420

$             533

$             788

 

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(Millions)

9/30/18

3/31/18

ASSETS

Current assets

Cash and cash equivalents

$           5,726

$           6,610

Short-term investments

3,186

2,354

Accounts and notes receivable, net

3,555

3,711

Device and accessory inventory

859

1,003

Prepaid expenses and other current assets

1,121

575

Total current assets

14,447

14,253

Property, plant and equipment, net

20,816

19,925

Costs to acquire a customer contract

1,379

Goodwill

6,598

6,586

FCC licenses and other

41,373

41,309

Definite-lived intangible assets, net

2,075

2,465

Other assets

1,163

921

Total assets

$         87,851

$         85,459

LIABILITIES AND EQUITY

Current liabilities

Accounts payable

$           4,210

$           3,409

Accrued expenses and other current liabilities

3,370

3,962

Current portion of long-term debt, financing and capital lease obligations

5,346

3,429

Total current liabilities

12,926

10,800

Long-term debt, financing and capital lease obligations

35,329

37,463

Deferred tax liabilities

7,704

7,294

Other liabilities

3,428

3,483

Total liabilities 

59,387

59,040

Stockholders’ equity

Common stock

41

40

Treasury shares, at cost

(15)

Paid-in capital

28,251

27,884

Retained earnings (accumulated deficit)

432

(1,255)

Accumulated other comprehensive loss

(308)

(313)

Total stockholders’ equity

28,401

26,356

Noncontrolling interests

63

63

Total equity

28,464

26,419

Total liabilities and equity

$         87,851

$         85,459

NET DEBT* (NON-GAAP) (Unaudited)

(Millions)

9/30/18

3/31/18

Total debt

$         40,675

$         40,892

Less: Cash and cash equivalents

(5,726)

(6,610)

Less: Short-term investments

(3,186)

(2,354)

Net debt*

$         31,763

$         31,928

 

SCHEDULE OF DEBT (Unaudited)

(Millions)

9/30/18

ISSUER

 MATURITY 

 PRINCIPAL 

Sprint Corporation

7.25% Senior notes due 2021

09/15/2021

$              2,250

7.875% Senior notes due 2023

09/15/2023

4,250

7.125% Senior notes due 2024

06/15/2024

2,500

7.625% Senior notes due 2025

02/15/2025

1,500

7.625% Senior notes due 2026

03/01/2026

1,500

  Sprint Corporation

12,000

Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC, and Sprint Spectrum Co III LLC

3.36% Senior secured notes due 2021

09/20/2021

2,625

4.738% Senior secured notes due 2025

03/20/2025

2,100

5.152% Senior secured notes due 2028

03/20/2028

1,838

  Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC, and Sprint Spectrum Co III LLC

6,563

Sprint Communications, Inc.

Export Development Canada secured loan

12/17/2019

300

9% Guaranteed notes due 2018

11/15/2018

1,753

7% Guaranteed notes due 2020

03/01/2020

1,000

7% Senior notes due 2020

08/15/2020

1,500

11.5% Senior notes due 2021

11/15/2021

1,000

9.25% Debentures due 2022

04/15/2022

200

6% Senior notes due 2022

11/15/2022

2,280

  Sprint Communications, Inc.

8,033

Sprint Capital Corporation

6.9% Senior notes due 2019

05/01/2019

1,729

6.875% Senior notes due 2028

11/15/2028

2,475

8.75% Senior notes due 2032

03/15/2032

2,000

  Sprint Capital Corporation

6,204

Credit facilities

PRWireless secured term loan

06/28/2020

181

Secured equipment credit facilities

2021 – 2022

461

Secured term loan

02/03/2024

3,940

  Credit facilities

4,582

Accounts receivable facility

2020

3,024

Financing obligations

2021

129

Capital leases and other obligations

2019 – 2026

478

Total principal

41,013

Net premiums and debt financing costs

(338)

Total debt

$            40,675

 

RECONCILIATION OF ADJUSTMENTS FROM THE ADOPTION OF TOPIC 606 RELATIVE TO TOPIC 605 ON CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(Millions, except per share data)

Three Months Ended September 30, 2018

Six Months Ended September 30, 2018

As reported

Balances
without adoption
of Topic 606

Change

As reported

Balances
without adoption
of Topic 606

Change

Net operating revenues

  Service revenue

$         5,762

$            5,935

$           (173)

$       11,502

$          11,818

$           (316)

  Equipment sales

1,418

1,067

351

2,591

1,959

632

  Equipment rentals

1,253

1,270

(17)

2,465

2,498

(33)

Total net operating revenues

8,433

8,272

161

16,558

16,275

283

Net operating expenses

  Cost of services (exclusive of depreciation and amortization below)

1,694

1,714

(20)

3,371

3,402

(31)

  Cost of equipment sales

1,517

1,468

49

2,787

2,716

71

  Cost of equipment rentals (exclusive of depreciation below)

151

151

275

275

  Selling, general and administrative

1,861

1,954

(93)

3,728

3,902

(174)

  Depreciation – network and other

1,021

1,021

2,044

2,044

  Depreciation – equipment rentals

1,181

1,181

2,317

2,317

  Amortization

159

159

330

330

  Other, net

71

71

113

113

Total net operating expenses

7,655

7,719

(64)

14,965

15,099

(134)

Operating income

778

553

225

1,593

1,176

417

Total other expense

(554)

(554)

(1,149)

(1,149)

Income (loss) before income taxes

224

(1)

225

444

27

417

Income tax (expense) benefit

(17)

30

(47)

(64)

23

(87)

Net income

207

29

178

380

50

330

  Less: Net income attributable to noncontrolling interests

(11)

(11)

(8)

(8)

Net income attributable to Sprint Corporation

$            196

$                 18

$            178

$            372

$                 42

$            330

Basic net income per common share attributable to Sprint Corporation

$           0.05

$                    –

$           0.05

$           0.09

$              0.01

$           0.08

Diluted net income per common share attributable to Sprint Corporation

$           0.05

$                    –

$           0.05

$           0.09

$              0.01

$           0.08

Basic weighted average common shares outstanding

4,061

4,061

4,036

4,036

Diluted weighted average common shares outstanding

4,124

4,124

4,095

4,095

 

RECONCILIATION OF ADJUSTMENTS FROM THE ADOPTION OF TOPIC 606 RELATIVE TO TOPIC 605 ON CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(Millions)

September 30, 2018

As reported

Balances
without adoption
of Topic 606

Change

ASSETS

Current assets

Accounts and notes receivable, net

$           3,555

$            3,470

$               85

Device and accessory inventory

859

881

(22)

Prepaid expenses and other current assets

1,121

691

430

Costs to acquire a customer contract

1,379

1,379

Other assets

1,163

1,004

159

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Accrued expenses and other current liabilities

$           3,370

$            3,397

$              (27)

Deferred tax liabilities

7,704

7,251

453

Other liabilities

3,428

3,460

(32)

Stockholders’ equity

Retained earnings (accumulated deficit)

432

(1,205)

1,637

 

NOTES TO THE FINANCIAL INFORMATION (Unaudited)

(1)

As more of our customers elect to lease a device rather than purchasing one under our subsidized program, there is a significant positive impact to EBITDA* and Adjusted EBITDA* from direct channel sales primarily due to the fact the cost of the device is not recorded as cost of equipment sales but rather is depreciated over the customer lease term. Under our device leasing program for the direct channel, devices are transferred from inventory to property and equipment and the cost of the leased device is recognized as depreciation expense over the customer lease term to an estimated residual value. The customer payments are recognized as revenue over the term of the lease. Under our subsidized program, the cash received from the customer for the device is recognized as revenue from equipment sales at the point of sale and the cost of the device is recognized as cost of equipment sales. During the three and six month periods ended September 30, 2018, we leased devices through our Sprint direct channels totaling approximately $1,094 million and $2,257, respectively, which would have increased cost of equipment sales and reduced EBITDA* if they had been purchased under our subsidized program.

The impact to EBITDA* and Adjusted EBITDA* resulting from the sale of devices under our installment billing program is generally neutral except for the impact in our indirect channels from the time value of money element related to the imputed interest on the installment receivable.

(2)

During the second quarter of fiscal year 2018 and the first quarter of fiscal year 2017, the company recorded losses on dispositions of assets primarily related to cell site construction and network development costs that are no longer relevant as a result of changes in the company’s network plans. Additionally, during the first quarter of fiscal year 2017 the company recorded a pre-tax non-cash gain related to spectrum swaps with other carriers.

(3)

During the second and first quarters of fiscal year 2018, severance and exit costs consist of lease exit costs primarily associated with tower and cell sites, access exit costs related to payments that will continue to be made under the company’s backhaul access contracts for which the company will no longer be receiving any economic benefit, and severance costs associated with reduction in its work force.

(4)

During the first quarter of fiscal year 2018, contract termination costs are primarily due to the purchase of certain leased spectrum assets, which upon termination of the spectrum leases resulted in the accelerated recognition of the unamortized favorable lease balances. During the first quarter of fiscal year 2017, we recorded a $5 million gain due to reversal of a liability recorded in relation to the termination of our relationship with General Wireless Operations, Inc. (Radio Shack).

(5)

During the second and first quarters of fiscal year 2018, we recorded merger costs of $56 million and $93 million, respectively, due to the proposed Business Combination Agreement with T-Mobile.

(6)

During the first quarter of fiscal year 2017, we recorded a $55 million reduction in legal reserves related to favorable developments in pending legal proceedings.

(7)

During the second quarter of fiscal year 2018 we recognized hurricane-related reimbursements of $32 million. During the second quarter of fiscal year 2017 we recorded estimated hurricane-related charges of $34 million, consisting of customer service credits, incremental roaming costs, network repairs and replacements.

*FINANCIAL MEASURES

Sprint provides financial measures determined in accordance with GAAP and adjusted GAAP (non-GAAP). The non-GAAP financial measures reflect industry conventions, or standard measures of liquidity, profitability or performance commonly used by the investment community for comparability purposes. These measurements should be considered in addition to, but not as a substitute for, financial information prepared in accordance with GAAP. We have defined below each of the non-GAAP measures we use, but these measures may not be synonymous to similar measurement terms used by other companies.

Sprint provides reconciliations of these non-GAAP measures in its financial reporting. Because Sprint does not predict special items that might occur in the future, and our forecasts are developed at a level of detail different than that used to prepare GAAP-based financial measures, Sprint does not provide reconciliations to GAAP of its forward-looking financial measures.

The measures used in this release include the following:

EBITDA is operating income/(loss) before depreciation and amortization. Adjusted EBITDA is EBITDA excluding severance, exit costs, and other special items. Adjusted EBITDA Margin represents Adjusted EBITDA divided by non-equipment net operating revenues for Wireless and Adjusted EBITDA divided by net operating revenues for Wireline. We believe that Adjusted EBITDA and Adjusted EBITDA Margin provide useful information to investors because they are an indicator of the strength and performance of our ongoing business operations. While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent non-cash current period costs associated with the use of long-lived tangible and definite-lived intangible assets. Adjusted EBITDA and Adjusted EBITDA Margin are calculations commonly used as a basis for investors, analysts and credit rating agencies to evaluate and compare the periodic and future operating performance and value of companies within the telecommunications industry.

Postpaid ABPA is average billings per account and calculated by dividing postpaid service revenue earned from postpaid customers plus billings from installment plans and non-operating leases, as well as equipment rentals, by the sum of the monthly average number of postpaid accounts during the period. We believe that ABPA provides useful information to investors, analysts and our management to evaluate average postpaid customer billings per account as it approximates the expected cash collections, including billings from installment plans and non-operating leases, as well as equipment rentals, per postpaid account each month.   

Postpaid Phone ABPU is average billings per postpaid phone user and calculated by dividing service revenue earned from postpaid phone customers plus billings from installment plans and non-operating leases, as well as equipment rentals by the sum of the monthly average number of postpaid phone connections during the period. We believe that ABPU provides useful information to investors, analysts and our management to evaluate average postpaid phone customer billings as it approximates the expected cash collections, including billings from installment plans and non-operating leases, as well as equipment rentals, per postpaid phone user each month.   

Free Cash Flow is the cash provided by operating activities less the cash used in investing activities other than short-term investments and equity method investments. Adjusted Free Cash Flow is Free Cash Flow plus the proceeds from device financings and sales of receivables, net of repayments. We believe that Free Cash Flow and Adjusted Free Cash Flow provide useful information to investors, analysts and our management about the cash generated by our core operations and net proceeds obtained to fund certain leased devices, respectively, after interest and dividends, if any, and our ability to fund scheduled debt maturities and other financing activities, including discretionary refinancing and retirement of debt and purchase or sale of investments.

Net Debt is consolidated debt, including current maturities, less cash and cash equivalents and short-term investments. We believe that Net Debt provides useful information to investors, analysts and credit rating agencies about the capacity of the company to reduce the debt load and improve its capital structure.

SAFE HARBOR

This release includes “forward-looking statements” within the meaning of the securities laws. The words “may,” “could,” “should,” “estimate,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “target,” “plan”, “outlook,” “providing guidance,” and similar expressions are intended to identify information that is not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to our network, cost reductions, connections growth, and liquidity; and statements expressing general views about future operating results — are forward-looking statements. Forward-looking statements are estimates and projections reflecting management’s judgment based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. With respect to these forward-looking statements, management has made assumptions regarding, among other things, the development and deployment of new technologies and services; efficiencies and cost savings of new technologies and services; customer and network usage; connection growth and retention; service, speed, coverage and quality; availability of devices; availability of various financings, including any leasing transactions; the timing of various events and the economic environment. Sprint believes these forward-looking statements are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date when made. Sprint undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our company’s historical experience and our present expectations or projections. Factors that might cause such differences include, but are not limited to, those discussed in Sprint Corporation’s Annual Report on Form 10-K for the fiscal year ended March 31, 2018. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

About Sprint:
Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 54.5 million connections as of Sept. 30, 2018 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Today, Sprint’s legacy of innovation and service continues with an increased investment to dramatically improve coverage, reliability, and speed across its nationwide network and commitment to launching the first 5G mobile network in the U.S. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/sprint-reports-year-over-year-growth-in-wireless-service-revenue-with-fiscal-year-2018-second-quarter-results-300741140.html

SOURCE Sprint

FourKites Accelerates "Zero Deadhead" Initiative to Help Shippers Share Unused Truck Capacity

CHICAGO, Oct. 31, 2018 /PRNewswire-PRWeb/ — FourKites, the leader in predictive supply chain visibility, today announced a new business unit designed to drive adoption of new technology that minimizes trucking “deadhead” by sharing capacity across like-minded shippers and carriers.

Nearly 40 percent of trucks on the road are empty at any given time, and yet capacity shortages are driving transportation costs up by 15 percent or more this year across the industry. FourKites believes capacity sharing can reduce 15 to 20 percent of overall shipping costs – and reduce environmental impact – by allowing shippers and carriers to access unused truck capacity via private networks, using real-time visibility and artificial intelligence via the FourKites platform.

FourKites recently launched its Predictive Capacity Management (PCM) product, which is the industry’s first to dynamically match shipments with available capacity. By comparison, traditional matching technologies and load boards operate based on stale historical data uploaded by carriers and shippers. The emergence of real-time visibility using GPS and ELD data makes predictive capacity sharing a real-world possibility.

To help deliver on this vision, FourKites today announced that Kristopher Glotzbach has joined the company as vice president, leading a new business unit responsible for predictive capacity management. Glotzbach joins from Uber Freight, where he helped bring shippers and carriers together in a transparent marketplace. Glotzbach is a 20-year veteran of the transportation industry, with deep specialization working with customers on the front lines to improve capacity and inventory management.

“This is the next big opportunity in supply chain and logistics,” said Matt Elenjickal, FourKites founder and CEO. “At a time when trucking capacity is at a record low, the search for carriers that make a good fit on certain lanes is increasingly intense. We’re enabling shippers to get products to market more quickly at lower overall operating costs. This level of collaboration and dynamic execution is only possible due to predictive tracking technology we created back in 2013.”

“This is an exciting, yet turbulent time in the transportation and logistics industry,” said Glotzbach. “The need for smart analytics and smart execution has never been higher, as today’s economics work against the goals of both shippers and carriers. I’m excited to join FourKites and help drive the foundational change and collaboration necessary to tilt the economics.”

FourKites is uniquely positioned to disrupt the load matching process due its already-strong shipper and carrier network, including more than 200 Fortune 1000 shippers creating much needed freight and capacity liquidity. Plus, FourKites software provides dynamic execution of load matches, allowing shippers to execute matches based on real-time conditions including delays at stops, traffic congestion and disruptive weather events.

FourKites PCM is currently focused on sharing truck capacity across truckload shipments. The broader FourKites platform operates across all transportation modes, including truckload and LTL, ocean, rail, intermodal, last mile and parcel, and in all regions of the world. The company’s customer list includes AB InBev, Conagra Brands, Kraft Heinz, Nestlé, Perdue Foods, Smithfield Foods, Unilever, Walmart Canada and many others.

About FourKites
FourKites is the fastest-growing predictive supply chain visibility platform, delivering real-time visibility and predictive analytics for the broadest network of Fortune 500 companies and third-party logistics firms. Using a proprietary algorithm to calculate shipment arrival times, FourKites enables customers to lower operating costs, improve on-time performance, and strengthen end-customer relationships. With a network of more than four million GPS/ELD devices, FourKites covers all modes including ocean, rail, parcel and over-the-road. The platform is optimized for mobile and equipped with market-leading end-to-end security.

To learn more, visit http://www.fourkites.com.

 

SOURCE FourKites

Swrve Expands Technical Capabilities with Shaw + Scott

CHICAGO, Oct. 31, 2018 /PRNewswire-PRWeb/ — Shaw + Scott, a digital agency offering strategic, technical and creative marketing solutions, announced today it has partnered with Swrve, the leader in multichannel customer lifecycle engagement.

Swrve’s best-in-class customer engagement platform harnesses real-time behavior processing, A/B testing, and artificial intelligence features to deliver microtargeted messages across existing and emerging channels. Shaw + Scott offers industry-leading agency services, and this partnership will seamlessly connect clients with a more robust suite of technical capabilities.

“Swrve fills such an important gap in customer engagement across mobile, web, and TV apps, and we are honored to provide full digital agency services to strengthen their already solid brand,” said Jamie Frech, President of Shaw + Scott. “The technical backend of digital marketing efforts can get complicated, and Shaw + Scott’s award-winning capabilities solve this problem for Swrve.”

Together with Shaw + Scott’s existing suite of proprietary tools – including Send Time Optimization, Archiver, and Coupon Services – Swrve’s platform bolsters the agency’s ability to provide relevant, timely, and predictive content for their clients’ customers across screens and devices.

Recently recognized by Gartner as a leader in its inaugural “2018 Magic Quadrant for Mobile Marketing Platforms,” Swrve’s completeness of vision and ability to execute make them a natural partner for Shaw + Scott, who are known for helping brands fully leverage their technical capabilities to solve everything from daily business challenges to complete business transformations. Shaw + Scott also expands Swrve’s technical capabilities on the mobile and analytics fronts.

“Today, consumers spend most of their time flipping between engagement channels, from mobile to web to television,” said Barry Nolan, Chief Marketing Officer at Swrve. “Brands must orchestrate their customer engagement strategy across all of these touch points to reach consumers with relevant messages across all channels. Shaw + Scott has impressive tools and processes in place to allow brands to improve their messaging reach and relevance, and the partnership with Swrve will enable stronger consumer relationships, no matter the channel.”

About Swrve
Swrve helps brands win more moments of customer engagement with multi-channel marketing automation software that delivers microtargeted messages in relevant moments across mobile, web, and TV apps. The company has a worldwide enterprise customer base. Swrve’s technology has been deployed in over 3.5 billion apps to date.

For more information contact Swrve – http://www.swrve.com/contact.

About Shaw + Scott

Shaw + Scott was founded in 2009 by Melissa Shaw and Julian Scott to deliver a full range of digital marketing solutions to clients across a spectrum of industries and market verticals. Recognized brands including Snapfish, Lululemon, Pier 1 Imports, Jo-Ann Stores, and Holland America have relied on the digital marketing experts at Shaw + Scott to conceive, design, build, and implement marketing campaigns that drive bottom-line results and positive customer experiences. This year (2018) marked the fourth consecutive year Shaw + Scott was placed on the Inc. 5000 list as one of the fastest growing company in the United States. Shaw + Scott values diversity, equity, and work-life integration and partners with clients who trust their digital marketing experience and expertise. To learn more, visit the Shaw + Scott website at http://www.shawscott.com.

Media Contact:
Teena Touch for Shaw + Scott
(415) 310-3125
press@shawscott.com

 

SOURCE Shaw + Scott