Tech News
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Eight new companies begin Innosphere's incubation program for technology startups
Published: Friday, November 6, 2015 | By: GlobalNewswireFORT COLLINS, Colo., Nov. 6, 2015 (GLOBE NEWSWIRE) -- Innosphere is excited to announce that eight new client companies have been accepted into Innosphere's incubation program, and have just begun attending the initial exclusive training sessions. Innosphere client companies receive customized development plans, learn from other founders and experienced advisors, and receive ongoing support to ensure they have the know-how to raise the right kind of capital, and have all the resources to exponentially grow.
One entrepreneur who recently entered the program is Rod Nuss, founder and COO of ValidCare, a digital healthcare and services company focused on solving real problems for the healthcare industry around surgical episode management. A "surgical episode" starts when a patient elects surgery and concludes when they achieve total recovery. "ValidCare is more than just a cloud-based software solution. It also aligns hospital, surgeon, and patient incentives to improve the cost, quality, and patient experience outcomes associated with surgical care coordination," said Mike Freeman, Innosphere CEO. "The costs associated with readmissions from just knee and hip replacements alone is a huge problem in healthcare. ValidCare helps reduce readmissions through improved patient-caregiver communication in real time throughout the recovery process. We are excited to be supporting a company that is helping hospitals thrive with value-based care."
"The Innosphere program has already been a great experience," said Nuss. "We want to link with the growing healthcare startup community in Colorado, and Innosphere is a leader in fostering that growth and building that community."
Innosphere is currently supporting 40 Client Companies with another 2 companies in pre-client status, along with 3 Colorado State University student startup companies.
The new eight Innosphere Client Companies include:- ValidCare (Centennial, CO) ValidCare is a digital healthcare company focused on improving the surgical episode of care. Their customers are network participants who are pioneering the transformation to value-based care, and ValidCare helps their customers improve their financial, operational, and patient health by: communicating via their HIPAA compliant, cloud-based communication platform; delivering real-time education, reminders, alerts and patient-reported outcomes; and Implementing ValidCare alignment services to facilitate the adoption of value-based care models. www.validcare.com
- MyChoiceMD (Fort Collins) Whether it is because they are uninsured or are on a medical plan with a high-deductible, more and more people are paying cash for routine medical care. MyChoiceMD puts the power of choice back in the hands of the consumer. You will see up-front pricing that can save you as much as 40%. And you know the price of your visit before you go! Book and pay for your appointment in one easy process with the MyChoiceMD platform, which now also includes Associates in Family Medicine and Harmony Imaging. www.mychoicemd.co
- Allergy Solutions (Erie, CO) Allergy Solutions brings long-term relief for allergy sufferers and improves financial health for our client doctors and companies through proven-safe and effective allergy-care services. www.allergysolutionsinc.com
- FluoroFinder (Broomfield, CO) FluoroFinder is a cloud-based experiment design tool, that enables scientists to select the best fluorochromes for their medical research experiments, and the find who sells them. Trusted in over 160 US medical research institutions, FluoroFinder is accelerating their research initiatives in the field of Cancer, HIV, Multiple Sclerosis, and other diseases. FluoroFinder's technologies save thousands of days - and millions of dollars - for research institutions every year, by turning a manual task of hours or days to just minutes. https://fluorofinder.com/
- Mother's Milk Is Best (Fort Collins, CO) MMIB was founded with the goal of improving feeding options for premature babies. They have developed a medical device for concentrating mother's milk and maximizing bioactive factors in it. MMIB exists because one in eight babies is born prematurely in the United States. These tiny babies must begin life fighting to survive, and have immature organs which cannot process the large volume of milk necessary for growth so they need their milk to be fortified or concentrated. www.mothersmilkisbest.com
- SimpliOpus (Colorado Springs, CO) SimpliOpus solves a problem every sales leader faces: consistent sales execution by every seller. With only 20% of sales teams reaching quota and close rates below 30%, it's a universal challenge. SimpliOpus is a cloud platform that simplifies and automates any Value Based Sales process. It integrates with Salesforce to provide consistent sales execution. It includes: Account Planning, Executive Sponsorship, Automated Discovery, Financial Modeling and Business Case creation. SimpliOpus enables sellers to show the business and financial impact of their offering. Taking mere mortal salespeople and turning them into sales rock stars.
- ResourceX (Denver, CO) Resource Exploration (ResourceX) is a fiscal analytics software venture, providing advanced technology for resource allocation solutions. Our software provides comprehensive analytics to understand an organization's financial, human, and physical resources. Compared to competitors, ResourceX stands out for two things. First, its unique underlying processes of program inventory identification, program costing, and priority based budgeting. This process has a proven track record supported by our work with over 100 local governments across North America. Our second differentiator is we have combined that experience with the power of a user friendly interface. The software of ResourceX reaches well outside local governments and applies to private sector industries, including education, real estate and healthcare. www.ResourceX.net
- The Food Corridor (Fort Collins, CO) Post your kitchen space. Find your cooking place. The Food Corridor is a food hub connecting commercial kitchen space with food businesses. They are the first online marketplace for food businesses to find and book commercial kitchens. Concurrently, commercial kitchen owners can more effectively utilize their assets, providing additional revenue streams to schools, food banks, churches, restaurants, and more. www.thefoodcorridor.com
Applications now open for next cohort of startups
High-tech small businesses and startups can apply now to join Innosphere's incubation program that will begin in January 2016. Innosphere reviews applicant companies three times a year. Once accepted into the program, Innosphere's exclusive onboarding process allows companies to attend valuable sessions to help scale their business. Please visit www.innosphere.org/apply to submit an application to be a part of the first company cohort of 2016. Deadline to apply is December 11.
For more information contact Innosphere CEO, Mike Freeman, at Mike@innosphere.org or 970.818.7736.
About InnosphereInnosphere is a non-profit 501(c)(3) organization that supports entrepreneurs building high-growth and high-tech companies in the industries of energy and advanced materials, digital health innovations, biosciences, and software/hardware. Innosphere works with these startups and small businesses through their validation, startup, and growth stages. Innosphere prides themselves on the work they do to understand each company's specific needs in order to better customize a high-performance plan for each company based on capital, talent and growth strategies. Companies learn from other founders and experienced advisors, and receive ongoing support to ensure they have the know-how to raise the right kind of capital, and have all the resources to exponentially grow. Headquartered in Fort Collins, CO, Innosphere has multiple office locations across the state to better serve entrepreneurs.
CONTACT: Mike Freeman, Innosphere CEO (970) 818.7736 | Mike@innosphere.org
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Concurrent Technologies Corporation's Dom Glavach to Participate on FABTECH Panel "Enterprise Security Risks: Is Your Company Protected?"
Published: Friday, November 6, 2015 | By: GlobalNewswireJOHNSTOWN, Pa., Nov. 6, 2015 (GLOBE NEWSWIRE) -- Concurrent Technologies Corporation's (CTC's) Dom Glavach, Chief Information Security Officer and Senior Principal Information Systems Security Engineer, will be participating on a panel at FABTECH 2015, North America's largest metal forming, fabricating, welding and finishing event. Over 40,000 people attend the event to see the latest industry products and developments, discover new solutions, and find the tools to improve productivity. FABTECH 2015 will take place November 9-12, 2015, in Chicago, Illinois.
Dom will be participating on the expert panel for the "Enterprise Security Risks: Is Your Company Protected?" session, which takes place on Tuesday, November 10. The threat of enterprise security breaches and compromises has become one of business' greatest – and most unpredictable – risk factors. An increasing number of companies are falling victim to internal and external threats, and the manufacturing industry is no exception. This session offers a comprehensive look at the current threats manufacturers face, the security vulnerabilities they exploit, and the potential impact on an organization. The panel will discuss the latest technologies available to protect a company's valuable information and how to develop a security strategy.
Concurrent Technologies Corporation (CTC) is an independent, nonprofit, applied scientific research and development professional services organization. Together with our affiliates, we leverage research, development, test and evaluation work to provide transformative, full lifecycle solutions. To best serve our clients' needs, we offer the complete ability to fully design, develop, test, prototype, and build. We support our clients' core mission objectives with customized solutions and strive to exceed expectations. CTC has been named one of the World's Most Ethical Companies by Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices. In addition, CTC has been named a Best for Vets Employer by Military Times. For more information about CTC, visit www.ctc.com.CONTACT: Media Contact: Mary Bevan 814-269-2490 or bevanm@ctc.com
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Tracx Appoints Eric Berkowitz SVP Global Services and Adi Kleiman SVP Product
Published: Friday, November 6, 2015 | By: GlobalNewswireNEW YORK, Nov. 6, 2015 (GLOBE NEWSWIRE) -- Tracx Inc., the leading social business cloud for enterprises, today announced the appointment of Eric Berkowitz as Senior Vice President of Global Services, and Adi Kleiman as Senior Vice President of Product. Berkowitz will oversee the expansion of Tracx's global services team and efforts, while Kleiman will be managing the development and roadmap of Tracx's social business management platform. Both will report directly to Rick Rudman, Chief Executive Officer at Tracx.
"The appointment of Eric Berkowitz and Adi Kleiman to their new roles represents Tracx's continued growth and maturation as we solidify ourselves as the leading social business solution on the market," said Rick Rudman. "As we continue to expand our global customer base and develop our software to better serve the needs of those customers, both Eric and Adi will act as critical members of the executive team that will assure Tracx is providing the most relevant and highest quality services and solutions possible."
Eric Berkowitz brings with him extensive expertise in social technologies and how organizations can best benefit from working with social data. Prior to his arrival at Tracx in 2012 he served as Manager of Agency Partnerships at Visible Technologies where he worked directly with brands looking to get the most out of their social media efforts and investments. Since joining Tracx, Eric has applied his skills in various roles including Senior Product Manager, VP Sales Engineering, and VP Solutions Engineering.
Adi Kleiman brings a proven track record of groundbreaking product and software development to her new role as SVP of Product, as she spent nearly five years as a Senior Product Manager at SAP before joining Tracx in 2012. Since 2014, Kleiman has served as VP of Product for Tracx, gaining familiarity with the intricacies of the platform and shaping the future of the solution and company by defining, directing and overseeing execution of the product roadmap."I couldn't be more excited about what the future holds for Tracx," said Adi Kleiman. "I've witnessed firsthand the tremendous growth that we have gone through since opening our US headquarters, and now we are better positioned than ever to not only build the best social business solution on the market, but to foster a global company that services customers around the world as well."
About TracxTracx is the leading social business cloud empowering enterprises to build their brand, attract new customers, service existing ones and connect with other key audiences in the social-enabled world. The solution analyzes and refines mass amounts of geographic, demographic and psychographic data from across the social web to deliver deep insights into customers, competitors and influencers. It then makes those insights actionable through its contextually driven Social Recommendation Engine, enabling smarter interactions that deliver meaningful business results. The world's most respected and leading brands such as BMW, Kraft Foods, and Rolex rely on Tracx to identify and target audiences, improve planning, enhance monitoring and effectively engage consumers. Tracx is headquartered in New York City with offices in Tel Aviv and London. For more information, visit http://www.tracx.com.
CONTACT: Amy Inlow 203-829-5652 amy@tracx.com
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PROLIM has been selected as a winner of the 2015 Dallas 100™ Awards
Published: Friday, November 6, 2015 | By: GlobalNewswirePlano, TX, Nov. 06, 2015 (GLOBE NEWSWIRE) -- PROLIM is recognized in Dallas-100 List of fastest growing privately held companies in Dallas Area. PROLIM is ranked 12 among the top 100 list of fastest growing, most dynamic privately held companies in the Dallas Area.
The announcement came at the annual SMU Cox Dallas 100™ Awards Ceremony and Banquet Wednesday, Nov. 4, at the Omni Hotel, Dallas Convention Center, 555 South Lamar Street, Dallas, Texas.
Dallas 100™, co-founded by the Caruth Institute, honors the ingenuity, commitment and perseverance of the fastest-growing privately held entrepreneurial businesses in the Dallas area. According to Caruth Institute data, this year’s winning companies collectively generated $3.6 billion in sales in 2014, and grew at an average annual growth rate of 91 percent per year for each of the last three years.
The Dallas 100™, presented by the Caruth Institute at SMU Cox, was sponsored this year by Avison Young; BKD LLP; CARR Intellectual Property Law; The CFO Suite; The Dallas Business Journal; Evos Financial; Executive Press; KRLD 1080 News Radio; and Texas Capital Bank. The event recognizes privately held corporations, proprietorships or partnerships headquartered in the Dallas area that often don’t get attention, but which have created jobs and generated wealth for their founders and employees and enhanced the area economy.
“We have an exciting year,” Prabhu Patil, CEO of PROLIM said. “We have successfully expanded our reach from east coast to west coast market. Given PROLIM’s focus on enabling innovation through IT and PLM technology with high performing deep industry knowledgeable PLM software teams, we are able to consistently help our clients quickly scale their PLM needs reducing their time-to-market, while cutting their development costs in half, and improving quality. For each client, we serve as a seamless extension to their current development efforts, with our development center globally.”
PROLIM is a leading provider to industries like Automotive, Aerospace, Manufacturing Supplier and Life Sciences. Providing these services has helped the clients to enhance efficiency and top-line growth As one of the fastest growing private Companies in America recognized by Inc 500, PROLIM being customer focused rather than product focused, the company envisions harnessing customer requisites by adding more satellite offices over the next few years in major metropolitan centers PROLIM envisages reaching customers beyond borders to deliver effective services in the west and east coasts of the US Canada and Europe and Asia.
CONTACT: Esther VillalobosClient PartnerPROLIM Corporation2805 N. Dallas Parkway, Suite 610, Plano, TX 75093Office: 214-924-2667 Fax: 800-515-6821E-mail: esther.villalobos@prolim.com
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MISTRAS Brands Its Latest Bridge Monitoring and Inspection Solution Into New StructurAlert(TM) Name
Published: Friday, November 6, 2015 | By: GlobalNewswirePRINCETON JUNCTION, N.J., Nov. 6, 2015 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG) is pleased to introduce StructurAlert™ as the new brand for its advanced line of structural health monitoring and asset protection solutions for bridges. StructurAlert™ encompasses MISTRAS Group's entire family of structural health monitoring solutions, which have globally monitored bridges and other important public and privately owned infrastructure assets for over 25 years. StructurAlert™ uses proprietary technology to continually assess, alert, and report on the structural and operational integrity of bridges in real-time, to ensure public safety, extend useful life, minimize downtime, and reduce the need for physical inspections and capital expenditures.
Physical changes and deterioration occurring within aging infrastructure assets can typically be measured and "heard" before they can be seen. StructurAlert™ deploys world class acoustic emission (AE) technology using strategically placed sensors that "listen" for signs of deterioration before it is identified through visual inspections. Additional system sensors are installed to detect and measure vibration, strain, tilt, displacement, and temperature. Collectively, each active sensor transmits data into StructurAlert's™ expert system software for the early detection of damage. StructurAlert's™ software also provides user-mandated alarms, notifying designated personnel on their mobile devices of any occurring trouble.
StructurAlert™ is designed to monitor multiple bridge types, including cable-stay, post-tensioned, concrete, and steel bridges, ranging from brand new to "structurally deficient." By actively monitoring a bridge's health status and structural inconsistencies, StructurAlert™ generates quantifiable cause and effect data from critical locations, pinpointing the exact location of internal and/or external damage, allowing bridge engineers to apply immediate corrective action.
StructurAlert™ is currently installed on many of the world's important bridges in California, Maryland, Pennsylvania, New Jersey, New York, Ohio, and Virginia, plus several bridges throughout Europe. StructurAlert™ was developed by MISTRAS Group, incorporating over 25 years of bridge monitoring experience to enhance key bridge performance factors and accurately identify corrosion, weld cracking, wire breaks, and bolt snapping.
An explainer video is available detailing how the StructurAlert™ system works and how it can help bring bridge owners piece of mind. Watch StructurAlert™ in action at www.structuralert.com.
About MISTRAS Group, Inc.
MISTRAS is a leading "one source" global provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. Mission critical services and solutions are delivered globally and provide customers with asset life extension, improved productivity and profitability, compliance with government safety and environmental regulations, and enhanced risk management operational decisions.
MISTRAS uniquely combines its industry-leading products and technologies - 24/7 on-line monitoring of critical assets; mechanical integrity (MI) and non-destructive testing (NDT) services; destructive testing (DT) services; process and fixed asset engineering and consulting services; and its world class enterprise inspection data management and analysis software (PCMS™) to provide comprehensive and competitive products, systems and services solutions from a single source provider.
For more information about this press release, please visit the company's website at http://www.mistrasgroup.com or contact Nestor S. Makarigakis, Group Director, Marketing Communications at marcom@mistrasgroup.com.
CONTACT: Media Contact: Nestor S. Makarigakis, Group Director of Marketing Communications marcom@mistrasgroup.com, 1(609)716-4000
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EHNAC Accredits First Two Organizations for Data Registry Accreditation Program (DRAP)
Published: Monday, November 9, 2015 | By: GlobalNewswireFARMINGTON, Conn., Nov. 09, 2015 (GLOBE NEWSWIRE) -- The Electronic Healthcare Network Accreditation Commission (EHNAC), a non-profit, federally recognized standards development organization and accrediting body for organizations that electronically exchange healthcare data, announced today that two organizations – Alpha II, LLC and FIGmd, Inc. – have completed the accreditation process for its Data Registry Accreditation Program (DRAP).
In response to the privacy and security challenges of healthcare data submission of this kind, the comprehensive third-party review provides an additional level of confidence for organizations that are under industry competitive pressures to demonstrate the rigor and structure of the registry database as envisioned and supported by the Centers for Medicare and Medicaid Services (CMS). The program is designed for data registries that provide these services to their stakeholders which can include health information exchanges (HIEs), regional extension centers (RECs) as well as other healthcare providers, healthcare payers, CMS and other government and state entities.
“We’re confident that the need for registries by institutional and professional providers, specialists and their trade associations, healthcare payers, federal and state governments will explode in the years ahead,” said Lee Barrett, executive director of EHNAC. “To coincide with that, it is imperative to determine that the registries that are being chosen to use have the necessary protections in place to handle the many privacy and security challenges that they will face. When it comes to health data privacy and security, the risks are much too high to assume that everything is up to par – it is much better to ensure it is on the frontend by using an accredited entity that has been reviewed by a third-party.”
As beta participants throughout the consultative and consensus-driven process of program development, Alpha II, LLC and FIGmd, Inc. were the first to undergo evaluation on their compliance with the criteria and receive full accreditation status for the two-year timeframe.
“Being one of the first organizations to become accredited for EHNAC’s Data Registry program and participating on the development committee was an important experience for Alpha II, as it allowed us to play an integral role in not only shaping of the program itself but also preparing the initial criteria,” said Jan Powell, CEO of Alpha II. “We’ve already been EHNAC accredited for HNAP-EHN, so it made perfect sense that we demonstrate our continued commitment to the highest standards in data privacy, security and compliance with our newest product – Alpha II PQRS Registry.”
“As an increasing number of customers rely on our registry platform as their solution of choice for launching and scaling clinical registries, it was important to us that we showcase our commitment to the highest levels of data security and protection,” said Sanket Baralay, president and CEO of FIGmd. “This EHNAC accreditation was a tremendous accomplishment for our organization, and we see it as a way to ensure trust in the marketplace.”
EHNAC’s Data Registry Accreditation Program includes the criteria, standards and framework for creating a core set of requirements for compliance. In addition, DRAP:
- Ensures stakeholder trust for managing the registry credentials used between exchange users;
- Reviews the key functions of structure, portability, interoperability, clinical integration, compliance monitoring, reporting and industry certification/accreditation; and
- Serves as a baseline standard for stakeholders to assure compliance with CMS requirements and guidelines.
Visit www.ehnac.org for more details on DRAP and the many other EHNAC accreditation programs.
About EHNAC
The Electronic Healthcare Network Accreditation Commission (EHNAC) is a voluntary, self-governing standards development organization (SDO) established to develop standard criteria and accredit organizations that electronically exchange healthcare data. These entities include accountable care organizations, data registries, electronic health networks, EPCS vendors, eprescribing solution providers, financial services firms, health information exchanges, health information service providers, management service organizations, medical billers, outsourced service providers, payers, practice management system vendors and third-party administrators.
EHNAC was founded in 1993 and is a tax-exempt 501(c)(6) nonprofit organization. Guided by peer evaluation, the EHNAC accreditation process promotes quality service, innovation, cooperation and open competition in healthcare. To learn more, visit www.ehnac.org, contact info@ehnac.org, or follow us on Twitter, LinkedIn and YouTube.
CONTACT: Press contact information:Dave Anderson, Anderson Interactive, 678-401-2991dave@andersoni.comDebra Hopkinson, EHNAC, 860-408-1620dhopkinson@ehnac.org
- Ensures stakeholder trust for managing the registry credentials used between exchange users;
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Wyoming purchases Spillman as statewide sharing initiative
Published: Monday, November 9, 2015 | By: GlobalNewswireCHEYENNE, Wyo., Nov. 9, 2015 (GLOBE NEWSWIRE) -- Public safety agencies across Wyoming that use Spillman Technologies' software solutions gained access to three new products after a statewide purchase proposed by the Wyoming Association of Sheriffs and Chiefs of Police (WASCOP). Agencies will streamline data entry processes using Spillman's Report Beam Crash and XML Citations interfaces, while also increasing data-sharing capabilities through Spillman's InSight data sharing module.
The governing board of WASCOP elected to make the statewide purchase after reviewing a proposal created by Spillman to improve collaboration and efficiency among current Spillman customers. The board will fund the initial installation and first year costs while providing each agency with the individual product licenses. The agencies will then be responsible for maintenance fees on the three products after the first year.
The InSight module will benefit Wyoming public safety agencies by allowing them to share data across jurisdictional lines. Information entered by one agency into the InSight product syncs to other agencies' databases in real time, increasing agency productivity while also strengthening alliances within the region. Uinta County Sheriff's Office Dispatch Supervisor and Spillman System Administrator Chris Lamb also highlighted increased officer safety as an advantage of statewide Insight usage.
"I think it's great," Lamb said. "I know not every agency in the state is using Spillman, but I think more and more are starting to work toward that. I think it's great that we can connect and be able to share information because, especially in a more rural state like ours, being able to have that information from other agencies at our fingertips is certainly beneficial for officer safety."
Lt. Rick Hooper, of Rawlins Police Department, explained that multi-jurisdictional data sharing through InSight is beneficial in Wyoming because personnel in different agencies often see the same criminals committing the same crimes in multiple jurisdictions. The lieutenant gave an example of using InSight while dealing with an individual who had turned up in multiple areas around the state.
"We found that, looking in the InSight database, we could see his history and reports of dealing with him in other jurisdictions," Hooper said. "Now I've tracked him through three different cities doing essentially the same things in each jurisdiction. It helps out when you go to meet this individual for the first time… maybe it's not an instance where I'm going to let him off with a warning. No, this time I'm going to take action."
In addition to the InSight module, the purchased Report Beam Crash and XML Citations interfaces will help agencies throughout the state efficiently maintain accurate records in their Spillman databases, while also complying with state-mandated reporting procedures. Using the two Spillman interfaces, accident and citation data entered into the Report Beam Crash and XML Citations platforms can be transferred seamlessly into the reporting agency's Spillman system.
Lamb explained that the addition of the two interfaces will increase efficiency by eliminating the need to manually enter the same information into multiple databases.
"It will cut down on our patrol guys' time in the office," Lamb said. "With the way the state has us report through Report Beam, they were actually having to enter data twice."
Previously, Uinta County personnel needed to enter their reports into the Report Beam platform and the Spillman database separately, Lamb said. Utilizing the two interfaces will allow the agency to efficiently maintain accurate and accessible records in their own database while also providing the state with required information.
"It will be a great help for us to keep all of that information locally and not actually have to go back out to the state to find the data again," she said.
Wyoming boasts 37 public safety agencies using Spillman systems, with 35 using the on-premises product, Flex, and two using the web-based product, Nova. The state also includes several of Spillman's most long-standing customer relationships, including those with Hot Springs County Sheriff's Office, Thermopolis Police Department, and Uinta County Sheriff's Office. Each of these agencies will celebrate 30-year anniversaries with the company before the end of 2015.
Spillman Technologies serves more than 1,500 sheriff's offices, police departments, fire departments, communication centers, and correctional facilities nationwide. Spillman specializes in integrated on-premises and cloud software solutions, including Computer-Aided Dispatch, Records Management Systems, Mobile Data & Field Reporting, Mapping & GIS, Jail Management Systems, Fire, Data Sharing, Personnel & Resources, and Analytics & Intelligence-Led Policing. For more information about Spillman, visit www.spillman.com.CONTACT: Ben Hale 800.860.8026 x. 1643 bhale@spillman.com Twitter: @SpillmanTech
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Lexmark Exhibit at RSNA15 to Benefit Camp Invention's STEM Programs for Children Across the United States
Published: Monday, November 9, 2015 | By: GlobalNewswireLEXINGTON, Ky., Nov. 9, 2015 (GLOBE NEWSWIRE) -- News Facts
- Lexmark today announced it will host a special benefit activity in its exhibit booth at the Radiological Society of North America's RSNA15 conference in Chicago to support Camp Invention's science, technology, engineering and math (STEM) programs for children across the United States.
- RSNA attendees are invited to have a photo taken at the Lexmark Healthcare exhibit or to tag a photo on Twitter or Instagram with #innovationwall. These images will come together on an Innovation Wall in the Lexmark Healthcare exhibit booth to create a real-time, collaborative mosaic depicting the future of healthcare.
- For each photo tagged and posted on the mosaic, Lexmark Healthcare will make a contribution toward Camp Invention student scholarships. RSNA attendees are invited to stop by the Lexmark Healthcare exhibit booth throughout the conference to check the progress of the composite image.
- RSNA attendees can find Lexmark Healthcare in North-Hall B of Chicago's McCormick Place, exhibit space 8117, from November 29 through December 3.
- Camp Invention is a nationally recognized summer enrichment program for children in grades one through six that helps them develop critical thinking skills. In partnership with the National Inventors Hall of Fame, the United States Patent and Trademark Office and the Collegiate Inventors Competition, Camp Invention programs at more than 1,500 locations across 49 states have encouraged nearly two million children with immersive, hands-on challenges that teach STEM concepts, including robotics, solar energy, ecological diversity, modeling, mechanical prototyping and others.
- In hospitals and health systems, Lexmark healthcare and medical imaging solutions connect healthcare staff with the business and clinical information they need to provide better patient service levels. Both clinical and non-clinical content that normally resides outside of core patient care and business systems becomes accessible and actionable. The result is a more complete and accessible patient record.
- One hundred percent of U.S.-based HIMSS Stage 7 healthcare systems use Lexmark products and solutions. Lexmark's enterprise image connectivity solutions are used by half of all U.S. hospitals.
Supporting Quotes
"For over 25 years, we have encouraged our Camp Invention students to think outside the box and embrace the inquisitive nature of their minds to explore, create and invent," said Invent Now, Inc. CEO Michael Oister, which coordinates Camp Invention. "We are honored to work with Lexmark Healthcare to offer scholarships to future innovators. Together with our extraordinary partners, Camp Invention will set a precedent that inspiration and innovation are not limited by age or generation so that we can continue to help drive the progression of our nation."
"Today's children are tomorrow's healthcare and technology problem solvers," said Reynolds C. Bish, vice president, Lexmark and president, Lexmark Enterprise Software. "Experiences that foster innovation, creativity, self-esteem, teamwork, persistence and goal-setting will better equip them to make a difference in their communities and workplaces. Many of the children at Camp Invention could not participate without the generosity of individuals and companies. We are pleased to invite RSNA attendees to join us in supporting Camp Invention enrichment programs."
Supporting Resources- Explore Lexmark healthcare solutions
- Read InContext healthcare news and trends
- Stay in touch with Lexmark Healthcare on LinkedIn
- Camp Invention Facebook
- Camp Invention Media Room
About Lexmark
Lexmark (NYSE:LXK) creates enterprise software, hardware and services that remove the inefficiencies of information silos and disconnected processes, connecting people to the information they need at the moment they need it. Open the possibilities at www.Lexmark.com.
Lexmark, the Lexmark logo and Open the possibilities are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
About Camp Invention
Camp Invention is the only nationally recognized summer program focused on creativity, innovation, real-world problem solving and the spirit of invention. Through hands-on programming, Camp Invention encourages children in grades one through six to explore science, technology, engineering and mathematics curriculum inspired by some the world's great inventors. Camp Invention, the National Inventors Hall of Fame and the Collegiate Inventors Competition serve as the authority on inspiring invention and compose Invent Now. This nationwide nonprofit organization is committed to the curious minds and innovative spirits of the past, present and future. Since 1990, our education programs have served over 1 MILLION children and 125,000 teachers and Leadership Interns.
For further information: Investor Contact: John Morgan, (859) 232-5568, jmorgan@lexmark.com Media Contact: Mark Bowen, (205) 447-3115, mark.bowen@lexmark.comCONTACT: Jeremy McNeive (859) 232-5568 jmorgan@lexmark.com
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KeyedIn Introduces All-New KeyedIn Manufacturing Cloud ERP Software
Published: Monday, November 9, 2015 | By: GlobalNewswireMINNEAPOLIS, Nov. 9, 2015 (GLOBE NEWSWIRE) -- KeyedIn® Solutions, an innovator in aPaaS and SaaS-based business solutions, today announced version 5 of its KeyedIn Manufacturing Cloud ERP solution. This dynamically configurable and extensible Cloud ERP software has a powerful production engine that puts the planning back into ERP for the modern production and fabricating manufacturer.
"We recognize that ERP solutions are missing the key ingredients that production manufacturers need to achieve production control – which is their key to efficiency, profitability and competitive advantage," states Lauri Klaus, KeyedIn CEO and Co-Founder. "KeyedIn Manufacturing is a native Cloud ERP solution that transforms an organization with a powerful production engine that delivers real-time, comprehensive production control." Integration with other software systems is easily enabled through open APIs (application program interfaces) resulting in greater visibility of priorities, easier access to decision-driving information and the agility to instantly adjust to changes in demand. The new release includes capabilities to address needs across the production manufacturing enterprise; from the business and operations, to production and the supply chain. Notable attributes of KeyedIn Manufacturing Cloud ERP software include:
Powerful Production Engine – KeyedIn put the planning back into ERP, with a powerful Cloud-based production and manufacturing resource planning engine that provides real-time visibility of both supply and demand so priorities are clear and customer promise dates are achieved. Designed specifically for the production and fabricating manufacturer, this engine gives the manufacturer computing power and speed only available with KeyedIn Manufacturing Cloud ERP.
Native Cloud – KeyedIn Manufacturing ERP was developed in the Cloud, for the Cloud using the most advanced architecture that includes both KeyedIn Konfigure™ and Microsoft® Azure Cloud services. This means KeyedIn Manufacturing is multi-tenant SaaS Cloud that enables unprecedented performance speed and up/down scalability. Most important to the production manufacturer, however, is the fact that KeyedIn Manufacturing's Cloud delivery shifts the majority of the software burden to KeyedIn (see illustration below), enables mobility with access through any mobile device, and the manufacturer is always using the very latest version of the software technology.
Dynamically Configurable – The software's unique platform gives manufacturers the ability to configure KeyedIn Manufacturing ERP to their environment – without the cost of coding and upgrade concerns of traditional customized software. This means the business logic within the software can be configured to fit their unique process – a requirement not previously available to the production manufacturer. This dynamic configurability also extends to the item masters, which are different in every facility and previously a difficult to manage part of the manufacturer's ERP software. This adaptation to the uniqueness of the production manufacturer's business process makes the software more user-friendly and subsequently improves user adoption within the organization.
Feature-Rich – This software provides the production manufacturer with all the key functionality needed to connect the people, processes and most importantly critical business data throughout the facility. In turn, the benefit is immediate and real-time visibility of inventory, production, customer orders, profit margins, and most critically, potential production issues that need to be addressed quickly.
Integration – KeyedIn Manufacturing Cloud ERP easily integrates with other software systems with open APIs to become the single source for accurate data and information for the enterprise. This also extends to the Internet of Things (IoT) in that the flow of data can be exchanged across devices, systems, and software. The primary benefit to the production manufacturer is a single source of the truth for all their critical business data, eliminating the inefficiency and opportunity for error of re-entry.
Secure – KeyedIn Manufacturing partners with a world-class data security provider, Dimension Data, a $6.7B company who serves 72% of the Fortune 100 and 60% of the Fortune 500 companies around the globe and whose core competency is protecting data. This is a vast improvement for manufacturers large and small who comparatively may face security risk with outdated processes and servers within their facility.
"We worked with our KeyedIn Manufacturing Customer Advisory Board and put powerful manufacturing resource planning tools into this release of KeyedIn Manufacturing ERP. With KeyedIn Manufacturing Cloud ERP, manufacturers can run and visualize the Production Planning Board with the outstanding computing power enabled by the Cloud. In turn they gain comprehensive visibility into supply and demand and progress towards on time delivery," adds Kevin Hurley, KeyedIn EVP of Technology. Ultimately, production manufacturers become more agile in responding to production changes to optimize their facility, improve efficiency and gain competitive advantage.
For more information or to request a software demonstration of KeyedIn Manufacturing Cloud ERP visit http://www.keyedin.com/manufacturing/. The software is sold on an affordable monthly SaaS subscription model.KeyedIn Manufacturing can also be seen through November 13 at FABTECH Expo in Chicago, Booth S2186.
About KeyedIn® SolutionsKeyedIn Solutions helps organizations simplify business processes, improve performance and drive results through an innovative combination of aPaaS and SaaS business solutions. These applications were developed in the Cloud for the Cloud, to capitalize on the exclusive benefits only the Cloud can offer.
The company's SaaS-based business systems include KeyedIn Manufacturing, a configurable Cloud ERP software that drives operational excellence for manufacturers, and is designed exclusively for production manufacturing. KeyedIn Projects is a strategy-led and execution-driven project management solution that aligns organizations with complete visibility for effective Project Portfolio Management (PPM) as well as drives utilization, profitability and performance to achieve growth with Professional Services Automation (PSA). KeyedIn Konfigure™ aPaaS is transforming custom enterprise-level application development, building new business systems and system components with greater speed, agility, and innovation.
When businesses need results fast, they look to the Cloud – and turn to KeyedIn Solutions. You should too. Keep up with us at KeyedIn Manufacturing, Twitter @KeyedInMFG, Facebook; or LinkedIn: KeyedIn Solutions, Inc.A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=37478
CONTACT: Debbie Breemeersch Sr. Director of Marketing 952-835-1041 dbreemeersch@keyedin.com
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Edgewater Board of Directors Unanimously Rejects Unsolicited Proposal From AMERI
Published: Tuesday, November 10, 2015 | By: GlobalNewswireWAKEFIELD, Mass., Nov. 10, 2015 (GLOBE NEWSWIRE) -- Edgewater Technology, Inc. (NASDAQ:EDGW), a leading consulting firm that helps business leaders drive transformational change through its unique selection of business and technology services and specialized product-based solutions, today announced that its Board of Directors, in consultation with its independent financial and legal advisors, has unanimously determined that the unsolicited, all-stock proposal from AMERI Holdings, Inc. to acquire Edgewater for $8.50 per share, is grossly inadequate and not in the best interests of Edgewater's shareholders.
"After a thorough review, the Edgewater Board believes that AMERI Holdings' proposal substantially undervalues the Company," said Edgewater Lead Independent Director Wayne Wilson. "Moreover, the Board firmly believes that Edgewater has strong standalone prospects and that continued execution of the Company's strategic plan will deliver significant long-term value to Edgewater shareholders."
Mr. Wilson added, "The Board and management are aligned around a clear strategy, focused on building on Edgewater's unique position as a strategic and IT consultancy that specializes in delivering value-added services to clients across multiple and rapidly-evolving industries around the world. We have a strong platform in place, and continue to successfully expand and enhance our offerings through organic investment and a robust acquisition pipeline."
Mr. Wilson concluded, "We are confident that we have the right strategy in place to deliver profitable growth and shareholder value."
The Company also announced that it has filed preliminary consent revocation materials with the Securities and Exchange Commission in response to the preliminary consent solicitation statement filed on October 26, 2015 and amended on November 6, 2015 by Lone Star Value Investors, LP ("Lone Star") through which Lone Star and others intend to solicit shareholder consents to remove certain directors from the Board and to implement certain other proposals regarding the Company.
Signal Hill Capital Group LLC is serving as Edgewater's financial advisor and Hinckley, Allen & Snyder LLP and Jones Day are acting as legal counsel.
About Edgewater
Edgewater (NASDAQ:EDGW) helps business leaders drive transformational change through its unique selection of business and technology services and specialized product-based solutions.
Classic consulting disciplines (such as business advisory, process improvement, organizational change management, M&A due diligence, and domain expertise) are blended with technical services (such as digital transformation, technical roadmaps, data and analytics services, custom development, and system integration) to help organizations get the most out of their existing IT assets while creating new digital business models.
Delivering both on premise and in the cloud, Edgewater partners with Oracle and Microsoft to offer Business Analytics, BI, ERP, and CRM solutions. Edgewater Ranzal, an Oracle Platinum Consulting Partner, provides Business Analytics solutions leveraging Oracle EPM, BI, and Big Data technologies. As an award-winning Microsoft partner, Edgewater Fullscope delivers Dynamics AX ERP, Business Intelligence, and CRM solutions, with a specialty in manufacturing.
Forward-Looking Statements
Some of the statements in this press release constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, growth, performance, tax consequences or achievements to be materially different from any future results, levels of activity, growth, performance, tax consequences or achievements expressed or implied by such forward-looking statements. Such factors include, among other things, those listed below, as well as those further set forth under the heading "Risk Factors" in the Company's 2014 Annual Report on Form 10-K as filed with the SEC on March 2, 2015. The forward-looking statements included in this press release are related to future events or the Company's strategies or future financial performance, including statements concerning the Company's 2015 outlook, future revenue and growth, customer spending outlook, general economic trends, IT service demand, future revenue and revenue mix, utilization, new service offerings, significant customers, competitive and strategic initiatives, growth plans, potential stock repurchases, future results, tax consequences and liquidity needs. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "believe," "anticipate," "anticipated," "expectation," "continued," "future," "forward," "potential," "estimate," "estimated," "forecast," "project," "encourage," "opportunity," "goal," "objective," "could," "expect," "expected," "intend," "plan," "planned," "will," "predict," or the negative of such terms or comparable terminology. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans or assessments which are believed to be reasonable as of the date of this press release. Factors that may cause actual results, goals, targets or objectives to differ materially from those contemplated, projected, forecasted, estimated, anticipated, planned or budgeted in such forward-looking statements include, among others, the following possibilities: (1) failure to obtain new customers or retain significant existing customers; (2) the loss of one or more key executives and/or employees; (3) changes in industry trends, such as a decline in the demand for Enterprise Resource Planning and Enterprise Performance Management solutions, custom development and system integration services and/or declines in industry-wide information technology spending, whether on a temporary or permanent basis and/or delays by customers in initiating new projects or existing project milestones; (4) inability to execute upon growth objectives, including new services and growth in entities acquired by the Company; (5) adverse developments and volatility involving geopolitical or technology market conditions; (6) unanticipated events or the occurrence of fluctuations or variability in the matters identified under "Critical Accounting Policies" in our 2014 Annual Report on Form 10-K; (7) delays in, or the failure of, the Company's sales pipeline being converted to billable work and recorded as revenue; (8) termination by clients of their contracts with the Company or inability or unwillingness of clients to pay for the Company's services, which may impact the Company's accounting assumptions; (9) inability to recruit and retain professionals with the high level of information technology skills and experience needed to provide the Company's services; (10) failure to expand outsourcing services to generate additional revenue; (11) any changes in ownership of the Company or otherwise that would result in a limitation of the net operating loss carry forward under applicable tax laws; (12) future proxy contests could be disruptive and costly, and the possibility that activist stockholders may wage proxy contests or gain representation on or control of the Board of Directors could cause disruption and/or uncertainty to the Company's business, customer relationships and employee retention; (13) the failure of the marketplace to embrace advisory and product-based consulting services; (14) changes in the Company's utilization levels; and/or (15) pending, threatened or future legal proceedings in connection with the unsolicited, all-stock proposal from AMERI Holdings, Inc. to acquire Edgewater for $8.50 per share. In evaluating these statements, you should specifically consider various factors described above as well as the risks outlined under Part I - Item IA "Risk Factors" in the Company's 2014 Annual Report on Form 10-K filed with the SEC on March 2, 2015.
These factors may cause the Company's actual results to differ materially from those contemplated, projected, anticipated, planned or budgeted in any such forward-looking statements. Although the Company believes that the expectations in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, growth, earnings per share or achievements. However, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such statements. Except as otherwise required, the Company undertakes no obligation to update any of the forward-looking statements after the date of this press release to conform such statements to actual results.
Additional Information
In connection with the consent solicitation initiated by Lone Star Value Investors, LP, the Company will file a consent revocation statement and other documents regarding the Lone Star proposals with the SEC and will mail a consent revocation statement and a consent revocation card to each stockholder of record entitled to deliver a written consent with respect to the Lone Star proposals. STOCKHOLDERS ARE ENCOURAGED TO READ ANY CONSENT REVOCATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The final consent revocation statement will be mailed to stockholders. Investors and security holders will be able to obtain the documents free of charge at the SEC's website, www.sec.gov, from Edgewater at its website, www.edgewater.com, or 200 Harvard Mill Square, Suite 210, Wakefield, Massachusetts 01880, Attention: Corporate Secretary.
Participants in Solicitation
The Company and its directors and executive officers may be deemed to be participants in the solicitation of consent revocations in connection with the Lone Star proposals. Information concerning the Company's participants is set forth in the proxy statement, dated April 22, 2015, for its 2015 Annual Meeting of Stockholders as filed with the SEC on Schedule 14A. Additional information regarding the interests of participants of the Company in the solicitation of consent revocations in connection with the Lone Star proposals and other relevant materials will be filed with the SEC when they become available.
CONTACT: INVESTOR CONTACT: Edgewater Technology, Inc. Timothy R. Oakes Phone: 781-246-6984 E-mail: toakes@edgewater.com MEDIA CONTACT: Sard Verbinnen & Co Bryan Locke / Debbie Miller Phone: (312) 895-4700 E-mail: blocke@sardverb.com / dmiller@sardverb.com

