Take a Leap and Discover the Great Taste of Quaker Oatmeal Squares
Quaker Oats Offers Free Samples of Quaker Oatmeal Squares on Facebook
CHICAGO, Feb. 29, 2012 /PRNewswire/ -- Quaker Oats today announced the expansion of their existing Quaker Oatmeal Squares cereal lineup with the launch of their new, Honey Nut flavor. In honor of Leap Day, Quaker is encouraging everyone to discover the nutty taste, hearty crunch and the right amount of honey flavored sweetness of the new Honey Nut flavor of Quaker Oatmeal Squares. Now with new packaging, breakfast lovers will be delighted by the taste of all four varieties (Brown Sugar, Cinnamon, Golden Maple and Honey Nut) making Quaker Oatmeal Squares a delicious way to discover just how good whole grains can be.
Visit http://www.Facebook.com/QuakerOatmealSquares today and "like" the page to get a free sample of Quaker Oatmeal Squares*. Facebook fans can receive a free sample of the new Honey Nut flavor, and can help up to 10 friends discover the surprisingly delicious taste and crunch of Quaker Oatmeal Squares with a free sample of the Brown Sugar variety. Facebook fans can also share their thoughts and comments right there on the page.
Quaker Oatmeal Squares taste delicious with just the right amount of sweetness in every bite, and are a great way to get a jumpstart on your daily whole-grain consumption and in-turn, take the first step towards a heart-healthy lifestyle. All four flavors are made with natural flavors and provide you with at least 46 grams of whole grains (that's 96 percent of your minimum daily recommendation of whole grains), 5 grams of dietary fiber and 6 grams of protein per serving.
As The Quaker Coach, celebrity fitness expert Bob Harper knows breakfast is the most important meal of the day, especially one that's packed with whole grains. "This year, take advantage of your Leap Day by using it to find something new that you love. Here are some of my suggestions for how you can take advantage of the extra day," said Quaker Coach Bob Harper.
-- Change up your breakfast routine. Discover something new that not only
tastes great, but also gives you energy so you can start your day off
right! My favorite new breakfast cereal is Quaker Oatmeal Squares new
Honey Nut flavor - it's packed with whole grains and has the perfect
amount of sweetness in every crunch.
-- Take some "me time." Take this extra day to re-center yourself, first
thing in the morning. This will help you make better decisions
throughout the day.
-- Step out of your cardio comfort zone. Take the stairs at work. Try a new
class at the gym. Use Leap Day as a reason to get out of your comfort
zone and discover a new way to get your heart rate up and avoid a
workout plateau!
-- Set a new goal. Give yourself a new achievable and measurable goal to
work towards. For example, add more vegetables and whole grains to your
meals or get in an hour of play time with your kids.
About The Quaker Oats Company
The Quaker Oats Company, headquartered in Chicago, is a unit of PepsiCo, Inc., one of the world's largest consumer packaged goods companies. For more than 130 years, Quaker's brands have served as symbols of quality, great taste and nutrition. Holding No. 1 positions in their respective categories, Quaker Oats, Quaker Rice Cakes and Quaker Chewy Granola Bars are consumer favorites. For more information, please visitwww.QuakerOats.com. Follow Quaker Oats on Facebook and Twitter.
About PepsiCo
In its global portfolio of food and beverage brands, PepsiCo has 22 different brands that generate more than $1 billion each in annual retail sales. Our main businesses also make hundreds of other enjoyable foods and beverages that are respected household names throughout the world. With net revenues of over $65 billion, PepsiCo's people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo's promise to provide a wide range of foods and beverages for local tastes; to find innovative ways to minimize our impact on the environment, including by conserving energy and water usage, and reducing packaging volume; to provide a great workplace for our associates; and to respect, support, and invest in the local communities where we operate. For more information, please visit http://www.pepsico.com.
Vuole Launches Savalanche in UK - Allows Anybody to Create an Online Marketplace in One Day
LONDON, February 29, 2012/PRNewswire/ --
A Finnish based Vuole Ltd today introduced Savalanche [http://www.savalanche.co.uk ]
in UK's biggest publishing exhibition Publishing Expo. Among over 200 products introduced,
Savalanche [http://www.savalanche.co.uk ] was selected as an Editor's choice in the
official exhibition magazine.
Savalanche is a SaaS platform that enables building of white labeled online
marketplaces fast and connects those with a network of merchants via the Savalanche
e-commerce [http://www.savalanche.co.uk ] service. The idea is to utilize the media's
high-quality content and reliable brand identity by offering interesting products and
enable easy purchasing of goods for online audience. Integrating an online shopping mall
into a popular website creates a completely new experience where the customer does not
have to leave the site to make purchases. This means website's audience will have easy
access to the products that interest them through the place where they like to hang out.
Solving the publishers and merchants known problems
"Publishers today are facing drastic change and challenges. With Savalanche publishers
can take a new role as digital distribution channel for merchants," says Pasi Vuorio, the
CEO of the Vuole Ltd. Building a marketplace on side of online media enables new revenue
channel both for publishers and merchants, without cannibalizing existing advertising
business. "We believe time is right for 3rd party marketplaces and shopping clubs like
successful services Groupon and Gilt have shown," Pasi Vuorio concludes.
Vuole Ltd is a Finnish pioneer and innovator of social commerce whose solutions are
trusted by many international companies and Finland's leading media houses.
- Net income of $1.8 million; $0.13 earnings per share
ROSEVILLE, Calif., Feb. 29, 2012 /PRNewswire/ -- SureWest Communications (NASDAQ: SURW) today announced operating results for the fourth quarter and full year ended December 31, 2011.
Steve Oldham, SureWest's president and chief executive officer, said, "Our strong 2011 results were highlighted by top-line business and residential services revenue growth, driving an increase in adjusted EBITDA. Our core Broadband segment now accounts for 77% of the company's total revenues and 54% of total adjusted EBITDA. SureWest's business services revenues continue to be an important part of delivering long-term, sustainable growth due to positive trends in Kansas City and increased bandwidth demands for backhaul services to wireless carriers. We continue to increase the take rates of our residential products like Advanced Digital TV, high-speed Internet and Broadband Voice over IP. During the year, we also added 15,400 new fiber homes in Kansas City that we are aggressively targeting.
"The investments we've made over the last several years to expand our extensive fiber-to-the-home network and enhance our suite of services have delivered excellent returns and offer many opportunities for additional value creation. Our knowledge and innovation is what drives SureWest's strong continued growth and underscores the strategic benefits of the recently announced acquisition of our company by Consolidated Communications. The combination with Consolidated is highly accretive and brings together Consolidated's strong cash flow with SureWest's proven broadband growth strategy. Customers and shareholders alike will benefit from the combined company's greater scale, scope and financial resources."
The following table highlights financial results for continuing operations on a consolidated basis (dollars are in thousands):
Y-O-Y comparison Full Year comparison
---------------- --------------------
Consolidated Q4'11 Q4'10 Change % 2011 2010 Change %
----- ----- ------ --- ---- ---- ------ ---
Broadband
Revenue $49,010 $45,032 $3,978 9% $188,366 $174,546 $13,820 8%
Telecom
Revenue 14,529 16,614 (2,085) (13%) 59,687 68,953 (9,266) (13%)
Total
Revenue 63,539 61,646 1,893 3% 248,053 243,499 4,554 2%
Adjusted
EBITDA 21,602 21,780 (178) (1%) 84,431 82,511 1,920 2%
Net Income 1,483 1,951 (468) (24%) 1,802 3,355 (1,553) (46%)
Capital
Expenditures 21,747 13,289 8,458 64% 72,528 52,560 19,968 38%
Net Cash
Provided
by
Operating
Activities 20,259 17,044 3,215 19% 81,448 63,553 17,895 28%
Free Cash
Flow (4,241) 4,439 (8,680) (196%) (6,761) 12,620 (19,381) (154%)
Adjusted
Free Cash
Flow 3,281 4,465 (1,184) (27%) 16,651 13,931 2,720 20%
Net Debt 200,167 202,472 (2,305) (1%) 200,167 202,472 (2,305) (1%)
-------- ------- ------- ------ ---- ------- ------- ------ ----
See Non-GAAP measure notes near end of release, and Adjusted EBITDA, Free Cash
Flow, Adjusted Free Cash Flow and Net Debt reconciliations for adjustments.
Fourth Quarter Financial Results
Consolidated revenues increased 3% year-over-year to $63.5 million as Broadband revenues grew by $4 million, or 9%, more than offsetting Telecom revenue declines of $2.1 million, or 13%. Adjusted EBITDA declined 1% year-over-year to $21.6 million, with Broadband adjusted EBITDA increasing 8% to account for 54% of total adjusted EBITDA, offsetting most of the Telecom adjusted EBITDA decline of 10%. SureWest expects to continue increasing its Broadband revenues and adjusted EBITDA through expansion of both residential and business product offerings. The long-term strategy remains growing the Broadband segment while continuing to successfully offset industry-wide structural declines in the traditional Telecom segment.
Operating expenses, exclusive of depreciation and amortization, increased 5% year-over-year to $43.0 million due primarily to increases in residential video license fees and transport charges associated with commercial services growth and advertising expense offset slightly by office consolidation savings.
Net income for the quarter was $1.48 million compared to net income of $1.95 million in the same period last year. Earnings per share from continuing operations were $0.11 compared to $0.14 in the fourth quarter 2010 and $0.05 in the third quarter 2011.
Capital expenditures totaled $21.7 million for the fourth quarter and $72.5 million for the full year 2011, an increase from $52.6 million in 2010. During the quarter, SureWest added 5,800 new marketable homes on its fiber-to-the-home (FTTH) network in Kansas City and a total of 15,400 new fiber homes for the full year 2011. Also during the quarter, the company upgraded 2,800 ILEC territory copper homes with Advanced Digital TV service and completed 8,600 upgrades during 2011. These upgrades increased the percentage of fiber and copper triple-play marketable homes in the ILEC to 66%, up from 57% in the fourth quarter of 2010. The 2012 capital plan prioritizes spending where the company has experienced the greatest return on investment. This includes continued business sales growth opportunities, residential RGU growth and increased residential penetration. The company plans to pass 11,000 additional fiber homes during 2012 in Kansas City where it has experienced superior penetration levels. SureWest is reiterating projected capital expenditures of $60-70 million in 2012.
Free cash flow, defined as income from continuing operations plus depreciation and amortization less capital expenditures, was negative $4.2 million for the quarter and negative $6.8 million for the full year 2011, compared to positive $12.6 million in 2010. This decline was expected as a result of the $23.4 million investment in network expansion in 2011 compared to $1.3 million in 2010. Adjusted free cash flow, defined as free cash flow excluding capital investments in network expansion, increased 20% year-over-year to $16.7 million.
Cash and cash equivalents increased year-over-year to $4.2 million from $2.9 million. Total debt net of cash and cash equivalents (net debt) was $200.2 million, resulting in a net debt to adjusted EBITDA ratio of 2.37x.
Broadband Segment Results
Broadband revenues increased 9% year-over-year and accounted for 77% of the company's total revenues, compared to 73% in the fourth quarter 2010. Broadband adjusted EBITDA increased 8% year-over-year and now represents 54% of the company's total adjusted EBITDA. Broadband adjusted EBITDA will be impacted in the first quarter when the company incurs increases in video license fees that do not coincide with a customer price increase, which in 2012, is scheduled for the second quarter.
Broadband Residential:
Broadband Residential revenues increased 7% year-over-year to $34 million as a result of 5% growth in average revenue per user (ARPU) and a 4% increase in RGUs. To illustrate growth trends, Broadband RGUs, subscriber counts and ARPU are detailed both year-over-year and sequentially in the table and text below:
Q4 '11 vs. Q4 '10 Change Q4 '11 vs. Q3 '11 Change
------------------------ ------------------------
Kansas Kansas
Sacramento City Sacramento City
Market Market Total Market Market Total
----------- ------ ----- ----------- ------ -----
Broadband
Residential RGUs 3% 5% 4% 1% 2% 1%
Data RGUs 0% 8% 3% 0% 3% 1%
Video RGUs 9% 7% 7% 2% 3% 2%
Voice RGUs 4% (1%) 2% 0% 0% 0%
Total Residential
Subscribers 0% 7% 3% 0% 3% 1%
The Sacramento region's Advanced Digital TV product continued to drive growth, helping to increase net video RGUs by 2,230 year-over-year and 530 sequentially. SureWest had 21,662 Advanced Digital TV subscribers through the fourth quarter, representing 78% of the company's overall video RGUs in the Sacramento market. Approximately 98% of the Advanced Digital TV subscribers bundle Internet and 79% subscribe to a triple-play with ARPU of $148.
ARPU for customers on SureWest's FTTH and hybrid fiber coaxial (HFC) networks increased 2% year-over-year to $117 due to video and data price increases in July 2011.
Residential customer churn improved year-over-year and sequentially in the fourth quarter from 1.6% to 1.4% as a result of churn reduction programs such as Advanced Digital TV video upgrades on the copper network, as well as ongoing superior customer service and value-added features like additional HD channels and increased Internet speeds.
Broadband Business:
Broadband Business revenues increased by $1.8 million, or 15%, year-over-year to $14.2 million. Business customers increased 3% year-over-year to 8,000 and ARPU grew 11% from the prior year to $592. The Kansas City market grew ARPU by 11% year-over-year while increasing customer counts by 3%. The Sacramento market grew customers by 4% while ARPU increased by 11% driven by wireless carrier backhaul and existing customers taking additional products. Broadband Business growth expectations remain high in both Sacramento and Kansas City.
As of December 31, 2011, SureWest was billing for 322 wireless backhaul access points at annualized revenues of $3.6 million. The company is now scheduled to bill for over 398 backhaul connections by third quarter 2012 with over $4.5 million in annualized revenues when those sites become active. Opportunities continue to be pursued to serve additional connections in both the Sacramento and Kansas City markets.
Telecom Segment Results
Telecom revenues declined $2.1 million, or 12.5%, year-over-year to $14.5 million, consistent with the industry-wide trend of declines in access lines, minutes of use and access revenues. This was partially due to the decrease of $1 million in regulatory support revenues that were reduced as scheduled in the first quarter 2011. The company's scheduled state regulatory support declines began in 2006 and will be fully phased out in the first quarter 2012.
The Telecom segment has consistently generated adjusted EBITDA margins over 40% and continues to generate significant free cash flow, which is utilized to reduce debt and fund Broadband segment expansion. As the company focuses on growing its Broadband segment, the Telecom segment will continue to account for a smaller percentage of total revenues. For the fourth quarter 2011, Telecom revenues were 23% of total company revenues compared to 27% in the fourth quarter of 2010.
Additionally, voice line loss is declining and is having less of an impact on overall financial performance. Fourth quarter 2011 year-over-year consolidated ILEC voice RGU loss was 3,800, compared to a loss of 4,800 in the fourth quarter 2010. In addition, fourth quarter 2011 consolidated year-over-year loss in ILEC and CLEC voice RGUs combined was 4,400, compared to a loss of 6,000 in the fourth quarter 2010.
Telecom Residential:
Telecom Residential revenues declined 21% year-over-year to $3.1 million resulting from a 20% decline in Telecom voice RGUs. However, of the 5,900 year-over-year Telecom Residential voice RGU losses, 2,600, or 44%, migrated to the SureWest Broadband Voice over IP service. The migration of existing Telecom ILEC access lines to Broadband VoIP enables the continued preservation of voice revenues on a consolidated basis.
Telecom Business:
Telecom Business revenues declined 2% year-over-year to $8.4 million as a result of a 3% decrease in business customers in the ILEC territory. The company is experiencing competitive pressure in the very small business customer segments; however medium and large ILEC business customers remain stable.
Telecom Access:
Telecom Access revenues decreased $1.1 million year-over-year to $3.0 million primarily due to the scheduled reduction in the California High Cost Fund (CHCF) subsidy, the elimination of the transport interconnection charge (TIC) and the decline in switched access revenues related to access line loss and declining minutes of use. The combined annual regulatory support related to CHCF and TIC declined roughly $4.0 million in 2011 from $6.1 million in 2010 to $2.0 million in 2011 - and will be zero in 2012. In the first quarter of 2012, the company will have an expected quarterly revenue decline of $500 thousand related to the final phase out of the CHCF.
Merger Update
As previously announced on February 6, 2012, SureWest entered into a definitive merger agreement under which Consolidated Communications (Nasdaq: CNSL) will acquire all the outstanding shares of SureWest in a cash and stock transaction valued at $23.00 per share, or a total of approximately $340.9 million, exclusive of debt. The consideration represents a 47% premium to SureWest's stock price as of the close on February 3, 2012. Subject to the satisfaction of customary closing conditions, including federal and state regulatory approvals and the approval by both Consolidated and SureWest shareholders, the transaction is expected to close in the second half of 2012. The transaction was unanimously approved by the boards of directors of both companies.
The merger agreement is attached as Exhibit 2.1 to the Current Report on Form 8-K that SureWest filed with the Securities and Exchange Commission on February 8, 2012.
Non-GAAP Measures
In addition to the results presented in accordance with generally accepted accounting principles (GAAP) throughout this press release, the company has presented non-GAAP financial measures such as adjusted EBITDA, free cash flow, adjusted free cash flow and net debt. Adjusted EBITDA represents net income (loss) excluding amounts for income taxes, depreciation and amortization, non-cash pension and certain post-retirement benefits, non-cash stock compensation, severance and other related termination costs, and all other non-operating income/expenses. Free cash flow represents net income (loss) plus depreciation and amortization less capital expenditures. Adjusted free cash flow represents free cash flow as defined above, excluding the network expansion capital investments. Free cash flow and adjusted free cash flow are a measure of operating cash flows available for corporate purposes after providing sufficient fixed asset additions to maintain current productive capacity. Net debt represents total long-term debt (including current maturities) less cash and cash equivalents. Net debt can be used as a component in measuring leverage. The company believes these non-GAAP measures, viewed in addition to but not in lieu of its reported GAAP results, provide useful information to investors as they are an integral part of the internal evaluation of operating performance. In addition, they are measures that the company uses to evaluate management's effectiveness. Reconciliations to the comparable GAAP measures are provided in the accompanying financial and operating summaries. SureWest's non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies.
Conference Call and Webcast
SureWest Communications will not host an investor call with respect to the financial results.
Additional Information and Where to Find It
In connection with the proposed transaction, Consolidated will file a registration statement on Form S-4 with the SEC, which will include the proxy statement and also constitute a prospectus with respect to the Consolidated common stock. SureWest will mail the proxy statement/prospectus to its shareholders once the Form S-4 has been declared effective. INVESTORS ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS) BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Once filed with the SEC, investors may obtain free copies of the registration statement and proxy statement/prospectus, as well as other filings containing information about Consolidated and SureWest, without charge, at the SEC's website (http://www.sec.gov). These documents may also be obtained free of charge from SureWest's Investor Relations website (http://www.surw.com) or by directing a request to: SureWest Investor Relations, P.O. Box 969, Roseville, CA 95678 or by calling 916.786.1831. Copies of Consolidated's filings may be obtained free of charge from Consolidated's Investor Relations website (http://ir.consolidated.com) or by directing a request to: Consolidated Investor Relations, 121 South 17th Street, Mattoon, IL 61938.
SureWest, Consolidated and their respective officers and directors may be deemed, under SEC rules, to be participants in the solicitation of proxies from shareholders with respect to the proposed Merger. Information regarding the officers and directors of SureWest is included in its definitive proxy statement for its 2011 annual meeting filed with the SEC on April 7, 2011. Information regarding the officers and directors of Consolidated is included in its definitive proxy statement for its 2011 annual meeting filed with the SEC on March 30, 2011. More detailed information regarding the identity of potential participants in the solicitation, and their direct or indirect interests, by securities, holdings or otherwise, which interests may be different from those of the company's shareholders generally, will be set forth in the proxy statement/prospectus and other materials to be filed with the SEC in connection with the proposed transaction.
About SureWest
SureWest Communications is a leading integrated communications provider and the bandwidth leader in the markets it serves. Headquartered in Northern California for more than 95 years, SureWest offers bundled residential and commercial services in the greater Sacramento and Kansas City regions that include IP-based digital and high-definition television, high-speed Internet, Voice over IP, and local and long distance telephone. SureWest was the nation's first provider to launch residential HDTV over an IP network and offers one of the nation's fastest symmetrical Internet services with speeds of up to 50 Mbps in each direction on its fiber-to-the-home network. For up-to-date information on products and services, visit the company on Facebook and Twitter.
Safe Harbor Statement
Statements made in this news release that are not historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements may be identified by the use of words such as "may," "will," "should," "expect," "plan," "anticipate" or "project," or the negative of those words or other comparable words. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the company's actual results to differ from those projected in such forward-looking statements. Important factors that could cause actual results to differ from those set forth in the forward-looking statements include, but are not limited to, advances in telecommunications technology, changes in the telecommunications regulatory environment, changes in the financial stability of other telecommunications providers who are customers of the company, changes in competition in markets in which the company operates, adverse circumstances affecting the economy in California, Kansas and Missouri in general, and in the greater Sacramento, California and greater Kansas City, Kansas and Missouri areas in particular, the availability of future financing, changes in the demand for services and products, new product and service development and introductions, and pending and future litigation.
Contacts:
Ron Rogers
Corporate Communications
916-746-3123
r.rogers@surewest.com
Operating
expenses:
Cost of
services and
products
(exclusive
of
depreciation
and
amortization) 28,919 28,566 353 1%
Customer
operations
and selling 7,631 7,771 (140) (2%)
General and
administrative 6,496 6,879 (383) (6%)
Depreciation
and
amortization 16,023 15,810 213 1%
------ ------ --- ---
Total
operating
expenses 59,069 59,026 43 0%
------ ------ --- ---
Income from
operations 4,470 3,971 499 13%
Other income
(expense):
Investment
income 3 4 (1) (25%)
Interest
expense (2,074) (2,497) 423 17%
Other, net 208 (546) 754 138%
--- ---- --- ---
Total other
income
(expense),
net (1,863) (3,039) 1,176 39%
------ ------ ----- ---
Income from
operations
before
income taxes 2,607 932 1,675 180%
Operating
expenses:
Cost of services
and products
(exclusive of
depreciation and
amortization) 28,919 26,948 1,971 7%
Customer
operations and
selling 7,631 7,095 536 8%
General and
administrative 6,496 6,828 (332) (5%)
Depreciation and
amortization 16,023 15,777 246 2%
------ ------ --- ---
Total operating
expenses 59,069 56,648 2,421 4%
------ ------ ----- ---
Income from
operations 4,470 4,998 (528) (11%)
Other income
(expense):
Investment income 3 15 (12) (80%)
Interest expense (2,074) (2,157) 83 4%
Other, net 208 107 101 94%
--- --- --- ---
Total other income
(expense), net (1,863) (2,035) 172 8%
------ ------ --- ---
Income from
operations before
income taxes 2,607 2,963 (356) (12%)
Operating
expenses:
Cost of
services
and
products
(exclusive
of
depreciation
and
amortization) 110,271 105,719 4,552 4%
Customer
operations
and selling 29,777 29,637 140 0%
General and
administrative 29,315 31,124 (1,809) (6%)
Depreciation
and
amortization 63,965 61,825 2,140 3%
------ ------ ----- ---
Total
operating
expenses 233,328 228,305 5,023 2%
------- ------- ----- ---
Income from
operations 14,725 15,194 (469) (3%)
Other income
(expense):
Investment
income 39 77 (38) (49%)
Interest
expense (11,586) (8,346) (3,240) (39%)
Other, net (41) (216) 175 81%
--- ---- --- ---
Total other
income
(expense),
net (11,588) (8,485) (3,103) (37%)
------- ------ ------ -----
Income from
operations
before
income
taxes 3,137 6,709 (3,572) (53%)
Net income $1,802 $3,355 $(1,553) (46%)
====== ====== ======= =====
Basic and
diluted
earnings
per share $0.13 $0.24 $(0.11)
===== ===== ======
Shares of
common
stock used
to
calculate
earnings
per share:
Basic 13,876 13,836 40
====== ====== ===
Diluted 13,936 13,836 100
====== ====== ===
Dividends
per share $0.26 $- $0.26
===== === =====
SureWest Communications
Quarterly Selected Financial Results & Reconciliations of Non-GAAP Measures
(on a consolidated and a segment basis)
(Unaudited; Amounts in thousands)
For 2010 Quarters Ended: For 2011 Quarters Ended: Quarter Sequential
------------------------ ------------------------ Year-over-Year Qtr-over-Qtr
-------------- ------------
March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 $chg % $chg %
-------- ------- ------------ ----------- -------- ------- ------------ ----------- ---- --- ---- ---
Net Debt:
Long-term debt,
including current
maturities $215,045 $219,045 $209,045 $205,409 $210,000 $210,000 $206,250 $204,375 $(1,034) (1%) $(1,875) (1%)
Less: Cash and
cash equivalents (6,982) (6,154) (3,215) (2,937) (12,881) (11,047) (8,932) (4,208) (1,271) (43%) 4,724 53%
Net Debt (5) $208,063 $212,891 $205,830 $202,472 $197,119 $198,953 $197,318 $200,167 $(2,305) (1%) $2,849 1%
======== ======== ======== ======== ======== ======== ======== ======== ======= ==== ====== ===
(1) External customers only.
(2) Adjusted EBITDA represents net income (loss) excluding amounts for income taxes; depreciation and amortization; non-cash pension and certain post-retirement benefits; non-cash stock compensation;
severance and other related termination costs; and all other non-operating income/expenses. Adjusted EBITDA is a common measure of operating performance in the telecommunications industry. Adjusted
EBITDA is not a measure of financial performance under United States generally accepted accounting principles and should not be considered in isolation or as a substitute for consolidated net income
(loss) as a measure of performance.
(3) Severance and other related termination costs related to the workforce reduction initiative implemented during the quarter ended June 30, 2010. Amounts exclude the termination costs related to stock
compensation expense, which are included in non-cash stock compensation expense of the adjusted EBITDA reconciliation.
(4) Free cash flow is a measure of operating cash flows available for corporate purposes after providing sufficient fixed asset additions to maintain current productive capacity. Consolidated free cash
flow includes capital expenditures for our corporate operating unit. Adjusted free cash flow represents free cash flow excluding capital expenditures for network expansion. Free cash flow and adjusted
free cash flow are not measures of financial performance under United States generally accepted accounting principles and should not be considered in isolation or as a substitute for consolidated net
income (loss) as a measure of performance and net cash provided by operating activities as a measure of liquidity.
(5) Net debt represents total long-term debt (including current maturities) less cash and cash equivalents. Net debt can be a component in measuring leverage. Net debt is not a measure determined in
accordance with United States generally accepted accounting principles and should not be considered as a substitute for total long-term debt.
(6) The ratio of net debt to adjusted EBITDA is calculated as net debt divided by adjusted EBITDA based on a trailing twelve month (TTM) period. This measure provides useful information to our investors
about our debt level relative to our performance and about our ability to meet our financial obligations.
(7) Operating revenues in the Broadband segment have been reclassified for a change during the fourth quarter of 2011 in the classification of promotional discounts between residential voice, video and
data revenue. Prior period revenues have been reclassified to conform to the current period presentation.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SUREWEST COMMUNICATIONS
CONSOLIDATED BALANCE SHEETS
(Unaudited; Amounts in thousands)
December December
31, 31, $ %
2011 2010 Change Change
---- ---- ------ ------
ASSETS
Current assets:
Cash and cash
equivalents $4,208 $2,937 $1,271 43%
Short-term
investments - 771 (771) (100%)
Accounts
receivable,
net 21,540 20,298 1,242 6%
Income tax
receivable 280 1,782 (1,502) (84%)
Prepaid
expenses 2,912 3,792 (880) (23%)
Deferred income
taxes 2,226 2,284 (58) (3%)
Assets held for
sale 4,756 6,009 (1,253) (21%)
----- ----- ------ -----
Total current
assets 35,922 37,873 (1,951) (5%)
Property, plant
and equipment,
net 522,790 514,639 8,151 2%
Intangible and
other assets:
Customer
relationships,
net 1,417 2,632 (1,215) (46%)
Goodwill 45,814 45,814 - -
Deferred
charges and
other assets 6,133 2,223 3,910 176%
----- ----- ----- ---
53,364 50,669 2,695 5%
------ ------ ----- ---
$612,076 $603,181 $8,895 1%
======== ======== ====== ===
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Current
liabilities:
Current portion
of long-term
debt $7,500 $15,636 $(8,136) (52%)
Accounts
payable 4,315 2,885 1,430 50%
Other accrued
liabilities 16,783 12,847 3,936 31%
Advance
billings and
deferred
revenues 8,051 8,035 16 0%
Accrued
compensation 7,593 6,998 595 9%
----- ----- --- ---
Total current
liabilities 44,242 46,401 (2,159) (5%)
Long-term debt 196,875 189,773 7,102 4%
Deferred income
taxes 49,126 56,661 (7,535) (13%)
Accrued pension
and other
post-
retirement
benefits 54,354 33,815 20,539 61%
Other
liabilities
and deferred
revenues 6,784 4,473 2,311 52%
Commitments and
contingencies
Shareholders'
equity:
Common stock,
without par
value; 100,000
shares
authorized,
14,060 and
13,866 shares
issued and
outstanding at
December 31,
2011 and
December 31,
2010,
respectively 146,498 143,309 3,189 2%
Accumulated
other
comprehensive
loss (27,770) (15,081) (12,689) (84%)
Retained
earnings 141,967 143,830 (1,863) (1%)
------- ------- ------ ----
Total
shareholders'
equity 260,695 272,058 (11,363) (4%)
------- ------- ------- ----
$612,076 $603,181 $8,895 1%
======== ======== ====== ===
SUREWEST COMMUNICATIONS
SELECTED OPERATING METRICS
As of and for the Quarters Ended
Note: The calculation of certain metrics have been revised over time to reflect the current view of our
business. Where necessary prior period metric calculations have been revised to conform with current practice.
All amounts rounded to the nearest 100s, except percents and dollars.
(1) During the fourth quarter of 2011, we revised our methodology for allocating subscriber discounts to video,
voice and data revenue. The revised methodology facilitates the consistent application of discounts and ARPU
calculation between both our residential markets. Accordingly, the ARPU metrics previously reported for 2009,
2010 and 2011 have been revised to conform to current practice.
(2) Marketable Homes -Prior to Q110, video marketable homes and penetration rate included serviceable homes in
Sacramento and Kansas City fiber and hybrid fiber coax (HFC) networks only. With launch of ADTV in Q110,
certain copper homes became video serviceable and 3-play capable and are included in marketable home counts.
Penetration rates prior to Q110 were not adjusted for small number of video customers on copper network prior
to ADTV.
(3) A residential subscriber is a customer who subscribes to one or more residential RGUs.
(4) ARPU is the total residential revenue per average subscriber.
(5) Triple play ARPU includes the total residential revenue per average subscriber and Triple play RGUs per
Subscriber includes ending RGUs per ending subscriber, for the triple play markets, excluding the ILEC market.
(6) A business customer is a customer who subscribes to business data, voice or video and represents a unique
customer account. ARPU is the total business revenue per average customer.
(7) A voice RGU is a residential customer who subscribes to one or more voice access lines.
(8) Telecom Voice RGU Migration to Broadband Voice are residential Telecom voice RGUs in Line (7) that have
ported their Telecom primary access line service to Broadband VoIP.
(9) Telecom Churn excludes disconnects in Line (8) that have ported their Telecom primary access line service to
Broadband VoIP.
(10) ILEC Voice RGUs are the total residential voice RGUs in the ILEC franchise market area that are either a
Telecom primary access line or Broadband VoIP subscriber.
(11) CLEC Voice RGUs are the total residential voice RGUs in the Kansas City and Sacramento markets, excluding
the ILEC market.
(12) Total Voice RGUs are the total of ILEC and CLEC residential voice RGUs, and represent the total company
residential voice RGUs of both the Broadband and Telecom Segments.
SUREWEST COMMUNICATIONS
SELECTED OPERATING METRICS
As of and for the Quarters Ended
Hiscox Renews its Award-Winning Startup Comedy "Leap Year" for Second Season
New season of the critically-acclaimed online comedy about five friends founding a tech startup begins production March 5th, premieres this summer on Hulu(TM) and Mashable
NEW YORK, Feb. 29, 2012 /PRNewswire/ -- Hiscox, the first insurer in the U.S. to offer small business insurance direct, online and in real time, today announced it has renewed Leap Year (http://leapyear.hiscoxusa.com), its award-winning original comedy about five friends founding a tech startup, for a second season. Filming of Leap Year's ten 22-minute-episode second season begins March 5th in San Francisco and will premiere this summer on Hulu, Hulu Plus, Mashable and a variety of online and mobile platforms.
Created and produced for Hiscox in collaboration with CJP Digital Media and Happy Little Guillotine Films, Leap Year co-stars series co-writer/director Yuri Baranovsky, Alexis Boozer, creator/executive producer Wilson Cleveland, Daniela DiIorio and Drew Lanning as downsized co-workers turned co-founders of a buzzworthy technology startup called C3D. Leap Year received critical acclaim and amassed over 5 million views during its first season and was recently honored by NATPE with its Digital Luminary Award for Best Branded Entertainment Series.
Season two follows Aaron, Bryn, Derek, Olivia and Jack as they race to bring their C3D holographic web conferencing device to market before their personal lives and dreams of success are permanently derailed by the CEO of a competing startup bent on sabotage played by Joshua Malina (Scandal, Big Bang Theory). Steven Weber (Studio 60 on the Sunset Strip), and Emma Caulfield (Once Upon a Time, Bandwagon) will also guest star this season along with Craig Bierko (The Three Stooges) and Julie Warner (Crash, Tommy Boy), who are set to return as Gemini Corp CEO, Andy Corvell and attorney Josie Lanning.
Startup fans and founders from Silicon Valley to Silicon Alley can expect to see many familiar faces in cameo appearances including Reddit and Breadpig Co-founder Alexis Ohanian and What's Trending Host, Shira Lazar as well as a story line in which the founders of C3D are accepted into the prestigious TechStars startup accelerator and receive guidance from the program's actual mentors including TechStars Founder and CEO, David Cohen and Managing Director, David Tisch.
"Hiscox's Leap Year chronicles the trials and successes that our small business customers experience every day. We have been championing startups internationally for over five years so there's not much we haven't seen. The ups and downs in this series will resonate with small business owners, as well as make them laugh," said Kevin Kerridge, small business insurance expert at Hiscox.
New episodes of Leap Year will premiere every Monday on Hulu and Hulu Plus before appearing on Mashable, YouTube, iTunes and other platforms. Hulu Plus subscribers may also watch Leap Year on their TV sets and other connected devices via Roku, TiVo, PlayStation ® 3, Nintendo Wii and Xbox 360; or Apple/Android tablets and smart phones via the Hulu Plus mobile app. Leap Year season 1 is currently available on Hulu, HuluPlus, YouTube, Mashable, Blip and iTunes and will soon be available on Netflix and Amazon Instant.
To learn more about Hiscox Small Business Insurance, including general liability insurance, professional liability insurance and business owner insurance, visit http://www.hiscoxusa.com/small-business-insurance/ or speak with a Hiscox licensed advisor at (888) 202-3007 (Monday through Friday, 8:00 AM- 10:00 PM EST).
Read more news from Hiscox Small Business Insurance.
About Hiscox Small Business Insurance
Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE: HSX). Hiscox is the first company in the U.S. to offer insurance for professional services businesses with 10 employees or less direct, online, and in real-time. We provide professional liability, general liability and business owner's insurance, underwritten by Chicago-based Hiscox Insurance Company Inc., which is rated 'A' (Excellent) by A.M. Best Company. Additional information can be found on the Why Choose Hiscox? page. Coverages are subject to underwriting and may not be available in all states.
Hiscox also provides professional liability, property and specialty insurance to US businesses through US-based brokers. This communication does not constitute a solicitation of business by Hiscox's syndicates at Lloyd's, London.
SOURCE Hiscox
Hiscox
CONTACT: Hiscox USA, Hunter Hoffmann, +1-646-442-8341, hunter.hoffmann@hiscox.com; for Hiscox USA, Chris Brown, +1-203-254-1300 ext.206, cbrown@cjpcom.com; for Hiscox USA, Katherine McGann, +1-203-254-1300 ext.249 kmcgann@cjpcom.com
NGDATA to Showcase Big Data Management Platform at Strata 2012 Conference in Santa Clara, CA.
Showcase demonstrates real-time evolving behavior profile capabilities and easy integration with existing enterprise systems.
SANTA CLARA, Calif., Feb. 29, 2012 /PRNewswire/ -- NGDATA (http://www.ngdata.com) today announced that the company will showcase Lily, its big data management platform at the Strata 2012 Conference in Santa Clara, California. The O'Reilly Strata Conference is the leading event for the people and technology driving the data revolution. NGDATA is among a select group of innovative early stage companies to demonstrate their big data technologies during the Strata 2012 Startup Showcase.
Lily is an easy-to-use big data management platform for enterprises and system integrators that offers a flexible and scalable way to extract powerful information and real-time business insights from vast amounts of data. By interactively tracking user behavior and translating insights into recommendations, Lily allows companies to execute targeted actions, such as personalized advertising, detection of fraud and one-to-one marketing, resulting in an immediate improvement of business performance.
NGDATA's business showcase at the Strata Conference will demonstrate how Lily
-- continuously gathers usage and user information to create evolving
customer behavior profiles in real-time; and
-- easily integrates with existing back-end enterprise systems through an
Extraction, Transformation and Loading (ETL) integration bridge.
Luc Burgelman, Chairman and Chief Executive Officer of NGDATA, said, "We're proud to be selected and excited to demonstrate Lily during the Strata showcases. We look forward to meeting with our partners to discuss their experiences and the unique big data management requirements we can address in the future to provide our joint customers maximum big data value."
NGDATA recently announced its plans for a capital increase to fuel the company's continued growth. The additional funds will be used to accelerate the development and roll-out of the product roadmap and support business development activities in the United States.
Strata 2012 Conference is scheduled February 28th through March 1st at the Santa Clara Convention Center in Santa Clara, California. NGDATA will showcase on February 29th at 6h30 pm (Mission City Ballroom Foyer). For more information on the event, visit http://strataconf.com/strata2012.
About NGDATA
NGDATA brings big data technology and machine intelligence together, allowing organizations to capitalize on the massive amounts of data that is generated today. NGDATA develops Lily, a big data management platform that offers an easy way to extract powerful business insights in real-time and benefit from enriched data to make an immediate impact on business performance. NGDATA's global partner community provides expert services best suited to meet evolving big data needs. NGDATA is a privately-held company with headquarters in Ghent, Belgium. More information and recent updates are available at http://www.ngdata.com.
About Lily
NGDATA develops Lily, a big data management platform that offers an easy and scalable way to extract real-time data and gain business insights. Lily enables the management of big data, providing analytically enriched guidance through smart data management, indexing, search, profile harvesting and interactive audience metrics. While based on Apache Hadoop, HBase and SOLR(*NOTE) technology, Lily focuses on the customer's specific needs with a user-friendly interface to easily manage extensive data assets to quickly obtain powerful insights and key trends to impact decision making and improve business performance. Meet Lily: http://www.lilyproject.org.
(*NOTE: Apache HBase, Apache Hadoop and Apache Solr are trademarks of the Apache Software Foundation.)
Logo download for media: Send2Press.com/mediaboom/12-0221-ngdata_300dpi.jpg
This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com
SOURCE NGDATA
NGDATA
CONTACT: Ina Suffeleers, Of NGDATA, +32 495 59 02 32, ina.suffeleers@ngdata.com
Nirvanix Cloud Storage Takes the Sting Out of Disk Drive Scarcity and High Prices
Savings of Up to 70% are Achievable by Shifting to the Cloud and its Usage-Based Pricing Model
SAN DIEGO, Feb. 29, 2012 /PRNewswire/ -- Nirvanix today announced that at a time of disk drive shortages and sharp price increases it is fully prepared to meet the global market demand for enterprise and SMB storage requirements with its flexible portfolio of cloud storage services with usage-based pricing. By shifting to the cloud, Nirvanix has found its customers save up to 70% over conventional storage systems and are provided with a level of efficiency that companies simply can't achieve on their own.
With hard disk drive manufacturers posting record profits and the scarcity of high density drives that is expected to continue throughout 2012, fully managed cloud storage services are becoming increasingly viable alternatives. Acquiring more drives means a lot more data center infrastructure plus power consumption, cooling, switches, cables, conduit, racks, floor space, and maintenance. Inevitably, it leads to the never ending technology refresh cycles and data migration that plagues all storage systems reaching their end of life (EOL).
"Cloud storage not only enables IT organizations to shift to a pay-by-the-drink business model for their storage resources, but it also provides them with business-enabling capabilities that just can't be achieved with conventional disk storage," said Marc Staimer, President of Dragon Slayer Consulting. "With the Nirvanix cloud, companies get continuous data access achieved by multiple live replicas spread across a global grid, enabling work-flow sharing and content collaboration across multiple diverse locations while maintaining data consistency. Clearly the shift to big clouds for big data makes more economic sense now than ever before."
Cloud storage introduces a completely different cost paradigm. Users only pay for capacity actually utilized, not for RAID overhead--which can be north of 40% in a single disk storage system--or metadata storage, orphaned storage or simple unutilized storage. Cloud storage makes storage capacity, availability and bandwidth resources available on demand. On demand means higher user productivity and accelerated product time-to-market with the complete elimination of procurement cycles, installation hassles and extended wait times for disk drive manufacturers to have product available--at increasingly higher prices.
The Nirvanix Cloud Storage Network--a global grid of data centers that span Los Angeles, Dallas, New Jersey, Frankfurt, Tokyo, Switzerland, and Hawaii enables customers to access Petabytes of cloud storage capacity on demand and benefit from the transparent movement of data from one region to another with no impact to their business operations.
"Industry researchers believe that the prices for high density disk drives will not go back down in the next 18-24 months," said Scott Genereux, President & CEO of Nirvanix. "At times like these, the elastic flexibility of a fully managed cloud services model enables companies to lower their operational and acquisition costs and achieve more than is possible from disk storage systems alone. The movement to cloud storage services represents a once in a generation paradigm shift with an inflection point that's here and now."
Nirvanix offers fully managed cloud storage services with usage-based pricing--available in public, hybrid and private cloud deployment options.
The Only Consistent Data Storage on the Internet
Nirvanix has the only cloud storage technology that knows where every single object in the cloud is located at any point in time by virtue of its innovations in data consistency software. This software ensures that there are no consistency windows for companies to deal with as changes to a file are immediately reflected across the whole cloud and not at some future point in time.
A Geo-Diverse, Global Namespace
Nirvanix has the only cloud storage service with a truly geo-diverse, global namespace that spans countries, regions, data centers and pools all data into a single globally accessible repository. Others either offer "cloud-in-a-box," are limited by regional namespaces or confined to a single physical data center. The Nirvanix global namespace creates a logical pool across all deployed nodes in a public, hybrid or private cloud implementation.
The Nirvanix Cloud File System(TM)
Specifically designed to handle millions of users, billions of files and exabytes of data, the Nirvanix Cloud File System is architected from the ground up to accommodate massive unstructured content files that are prevalent in healthcare, media and entertainment, finance, biotech and IT industries.
For companies seeking more information on accessing the Nirvanix cloud, contact info@nirvanix.com
About Nirvanix
Nirvanix is the leading provider of enterprise-class cloud storage services designed specifically for customers with expectations of extreme security, reliability and redundancy. Under its CloudComplete(TM) portfolio, Nirvanix is the only company that offers fully managed public, hybrid and private cloud storage services with usage-based pricing. The company's battle-hardened, proven second generation technology is utilized by leading IT OEMs and is fully integrated with third-party backup and archiving software products and appliances, enabling One Click to the Cloud(TM). Nirvanix has global customers accessing its Cloud Storage Network(TM), from SMBs to Fortune 500 companies.
Nirvanix, Cloud Storage Network, CloudComplete, and One Click to the Cloud are trademarks or registered trademarks of Nirvanix, Inc. Other marks are the property of the companies with which they are associated.
Michael Schoolnik
Michael@storypr.com
415.420.2391
Launches Disease Awareness Website Dedicated to Rare Forms of Lipodystrophy
SAN DIEGO, Feb. 29, 2012 /PRNewswire/ -- Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) today announced that it is participating in the fifth annual international Rare Disease Day to demonstrate the Company's support for patients and families who are impacted by rare diseases. Celebrated around the world today, Rare Disease Day aims to raise awareness of the more than 7,000 known rare diseases and the effects of these diseases on patients' lives, and to provide a platform of unity for rare disease patient communities.
In the U.S., a disease is considered rare, or orphan, if it affects fewer than 200,000 individuals. According to the National Institutes of Health Office of Rare Diseases Research, an estimated 25 to 30 million people in the U.S. have a rare disease. Most rare diseases have limited or no associated treatment options - and, to date, there are no known cures for these diseases.
"We are honored to participate in activities to draw heightened attention to rare diseases and the critical need to drive research to better understand these diseases and develop effective therapies for patients," said Daniel M. Bradbury, president and chief executive officer of Amylin Pharmaceuticals. "At Amylin, we are proud to be advancing the development of a potential therapy for rare forms of lipodystrophy, an 'ultra-orphan' disease. We believe all patients - whether they are impacted by one of the world's most prevalent diseases, like type 2 diabetes, or one of the rarest - deserve better treatment options."
To coincide with Rare Disease Day, Amylin also announced today the launch of mylipodystrophy.com, a disease awareness website that is dedicated to rare forms of lipodystrophy, and serves as a resource for information about the disease for patients, caregivers and healthcare providers.
People with lipodystrophy lack fat tissue. This can be partial, affecting select areas of the body, or generalized, affecting the entire body. The physical appearance of people with lipodystrophy can therefore vary considerably. Fat tissue is a major endocrine organ producing important metabolic hormones such as leptin. A lack of functioning fat tissue can lead to relative deficiency of leptin. Without adequate leptin function, the metabolic system, which regulates food intake, energy storage, and energy production, falls out of balance. Fat accumulates in the blood or organs, which can lead to life-threatening complications including insulin-resistant diabetes, hypertriglyceridemia, acute pancreatitis and hepatic steatosis or steatohepatitis, also known as fatty liver disease. There are no approved drugs to adequately treat the metabolic abnormalities that occur in lipodystrophy.
To help raise public awareness of rare diseases, Amylin is also featuring a Rare Disease Day series on its corporate blog, Building Blocks, available at http://www.amylinbuildingblocks.com. This series includes contributions from several experts in the rare disease field describing efforts underway to understand and combat rare diseases, as well as initiatives that are providing support for patient communities. Amylin is also participating in the Global Genes Project's "Wear that you Care(TM)" denim campaign, encouraging its employees to wear jeans to work today to show support for the rare disease cause.
Amylin is developing metreleptin as a potential treatment option for diabetes and/or hypertriglyceridemia in pediatric and adult patients with rare forms of lipodystrophy. The Company plans to complete the rolling Biologics License Application (BLA) submission to the U.S. Food and Drug Administration (FDA) in the first half of this year.
About Amylin Pharmaceuticals
Amylin Pharmaceuticals is a biopharmaceutical company dedicated to improving lives of patients through the discovery, development and commercialization of innovative medicines. Amylin is committed to delivering novel therapies that transform the way diabetes and other metabolic disorders are treated. Amylin is headquartered in San Diego, Calif. and has a commercial manufacturing facility in Ohio. More information about Amylin Pharmaceuticals is available at http://www.amylin.com.This press release contains forward-looking statements about Amylin, which involve risks and uncertainties. Our actual results could differ materially from those discussed herein due to a number of risks and uncertainties, including risks that metreleptin as a potential treatment option for diabetes and/or hypertriglyceridemia in pediatric and adult patients with rare forms of lipodystrophy will not be approved by the FDA; risks that our clinical trials will not be completed when planned, may not replicate previous results, may not be predictive of real world use or may not achieve desired end-points; risks that our preclinical studies may not be predictive; risks that our NDAs for product candidates or sNDAs for label expansion requests may not be submitted timely or receive FDA approval; risks that we will not submit the remaining components of the BLA mentioned in this press release in a timely manner; and other risks inherent in the drug development and commercialization process. These and additional risks and uncertainties are described more fully in the Company's recently filed Form 10-K. Amylin disclaims any obligation to update these forward-looking statements.
SOURCE Amylin Pharmaceuticals, Inc.
Photo:http://photos.prnewswire.com/prnh/20101020/LA85062LOGO-a http://photoarchive.ap.org/
Amylin Pharmaceuticals, Inc.
CONTACT: Alice Izzo, +1-858-232-9072, alice.izzo@amylin.com
The Harmonious Sounds of Vinyl Enter the Digital Age AirStudio's Top 5 AirVinyl App is Now Available for iPhone
LONDON, February 29, 2012/PRNewswire/ --
Following the success of its AirVinyl iPad app, Air Studios, the world famous
recording studios created in 1969 by legendary Beatles producer Sir George Martin, is
today launching AirVinyl for iPhone.
Developed using the expertise of Air Studios' award winning engineers, the app
recreates the warm, harmonious sound of vinyl records for a new generation, transforming
your digital media files into your record collection when played through the iPhone.
Choose your record from one of the wooden crates that houses your music collection and
play single tracks or albums on the authentic teak and brushed steel AirVinyl record deck.
Taking inspiration from the high-end decks and systems of the '70s and '80s, AirVinyl
also includes a retro tape deck interface that allows you to create mix tapes and
playlists that can be shared via social networks. Any playlists you have already stored on
your iPhone will also be accessible as Mixtapes. Compatibility with iTunes Match means
that AirVinyl can access and play tens of thousands of songs from your personal iCloud
library.
The AirVinyl app is also AirPlay enabled and will soon feature AirStreem, allowing
users to stream music from their Mac to AirVinyl over Wi-Fi.
Danny Kellard, Marketing Director of Air Entertainment Group says, "With AirVinyl, we
set out to recreate the whole vinyl and hi-fi experience, whilst using our expertise as a
studio to make an app that delivers a great sound experience from the iPhone and iPad. We
also wanted to create an app that users can build on and add components to in the future."
AirVinyl will be releasing a variety of extra features and skins on an on going basis.
The iPhone version launches today at a special introductory price of 0.69p / 0.99c for a
limited period only, at: http://itunes.apple.com/us/app/airvinyl-for-iphone/id501666256 The iPad version is
available from GBP1.99 / $2.99.
A variety of screenshots are available to download from:
TradePub.com Delivers Largest On Demand Mobile Content Library for Business Professionals
Anywhere Anytime Access to Free Business Intelligence
LOS GATOS, Calif., Feb. 29, 2012 /PRNewswire/ -- TradePub.com, one of the largest networks of business content, has just introduced a suite of powerful new features for its mobile apps to meet the needs of millions of busy executives and professionals who are using their tablets and smart phones to stay informed of the latest business reports, eBooks, executive summaries and industry white papers. The easy-to-use tools make it even faster and simpler for users to select, download, read and save selections anywhere, anytime--for free--to their iPad, iPhone, Android Device, or Windows Phone.
Established in 1994, TradePub.com has provided more than 20 million downloads to more than 13 million registered users, and was one of the first to offer the free business content to every major mobile platform. "Since its introduction, our iPad app has been among the Top 25 Most Downloaded Business Apps from iTunes," said David Fortino, Vice President of Audience Development for TradePub.com. "We've listened to our mobile audience and have continued to refine the product based on their specific feedback. Future releases will continue reflect the feature requests we've receive from our mobile audience base."
New Features for TradePub.com's mobile apps include:
-- Search--The quick and handy Search tool helps users find specific
eBooks, industry reports, whitepapers, tutorials, and business articles.
-- Sharing--Users can share content with their peers from directly within
the app.
-- Expanded Categories--Because new content is continually being added, the
Categories list has been expanded to include a broader range of business
topics and functions.
-- Recommendations Tab--This new feature automatically suggests relevant
information that a user might be interested in based on their previously
downloaded selections.
"Anywhere/anytime access to business intelligence is very important to our users," added Fortino. "We're focused on adapting and utilizing innovative technology to provide them with most convenient and hassle-free experience."
About NetLine Corporation
NetLine Corporation is the industry's premier B2B lead generation provider with the most comprehensive lifecycle customer acquisition platform, integrating e-mail, internet, social media, and mobile. Clients include Adobe, Hewlett Packard, Google, Oracle, IBM, Juniper Networks, Microsoft Corporation, SAP, and VeriSign, among others. NetLine is privately held and headquartered in Los Gatos, California. More information is available at http://www.netline.com.
SOURCE TradePub.com
TradePub.com
CONTACT: Kevin Sanchez, +1-415-227-1150 x110, kevin@hollenbeckassociates.com
IGT's The Dark Knight Video Slot Premieres at Monte Carlo's Societe des Bains de Mer Casinos
HOOFDDORP, The Netherlands, Feb. 29, 2012 /PRNewswire/ -- International Game Technology (NYSE: IGT) today announced the successful installation of The Dark Knight video slot game on the IGT Center Stage Seriesin five Monte-Carlo Societe des Bains de Mer (SBM) casinos. Located in Monaco, the five casinos that now feature The Dark Knight video slot game are Casino de Monte-Carlo, Casino Monte Carlo Bay, Casino Cafe de Paris, Sun Casino and Casino Rascasse.
"Our players are always looking for new and unique games, which is why we are excited to premiere The Dark Knight Video Slots at our properties," said Eric Guazzonne, director of slots of the Monte-Carlo SBM casinos. "Early responses have already shown that our players are fans of The Dark Knight and the video slot game's amazing graphics and engaging game play. It is sure to garner rave reviews on our casino floors."
The Dark Knight video slots game on the IGT Center Stage Series takes players to Gotham City. The IGT Premium Product game, also known as MegaJackpots®, features the popular Batman theme, which makes the game attractive to a diverse demographic. Players at SBM are able to choose to play Batman or The Joker, immerse themselves in both individual and group play bonuses and enjoy a thematic film experience. Get ready to visit Gotham City as this explosive, good-versus-evil experience unfolds.
The Dark Knight video slot game appears on the flexible 103-inch Center Stage console.
After installing IGT's show-stopping Center Stage Series, operators can quickly and easily refresh content with the latest games featuring big, bold titles on the most eye-catching console in the industry. Flanked with incredible sound chairs, oversize screens, and big bonuses, this Premium Products console demands to be the center of attention on any casino floor.
"IGT is thrilled to continue our partnership with SBM with the installation of The Dark Knight video slot game and many other of our industry leading casino games and products," said Sabby Gill, IGT regional vice president of Europe, the Middle East and Africa. "Players at SBM will enjoy the immersive game play on this blockbuster title."
IGT has a 53 percent floor share at the Monaco-based casinos with several orders for new Universal Slants, SAVPs and other IGT premium cabinets over the last few months. Additional IGT products at SBM properties include casino management solutions such as EZ Pay and Ticket In/Ticket Out (TITO).
International Game Technology (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets. More information about IGT is available at http://www.IGT.com or follow IGT on Twitter at @IGTNews or Facebook at http://www.facebook.com/IGT.
About Monte-Carlo SBM
Monte-Carlo SBM operates the Principality of Monaco's most distinctive assets. It comprises of two palaces and two deluxe hotels, five casinos, 60 conference and banqueting rooms, 33 bars and restaurants, three spas including Les Thermes Marins de Monte-Carlo, as well as cultural and leisure venues including the Opera, the Salle des Etoiles, the Jimmy'z night club, the Monte-Carlo Golf Club and the Monte-Carlo Country Club.
IGT Resources:
-- Like us on Facebook
-- Follow us on Twitter!
-- View IGT's YouTube Channel
-- Check out our other games!
SOURCE IGT
IGT
CONTACT: Shelle Murach of IGT Public Relations, +1-775-448-0221, Shelle.Murach@IGT.com
Calibrus, Inc. Announces Fanatic Fans is Now on Facebook
TEMPE, Ariz., Feb. 29, 2012 /PRNewswire/ -- Calibrus, Inc., a development company specializing in Social Media and Mobile applications, announces the release of its Fanatic Fans Facebook application. Could not make it to the show? No problem, Sports and Music fans can view user generated content and experience the live event on Facebook using the Fanatic Fans Facebook app. Fanatic Fans Facebook app allows Facebook users to access all live event sports and concert content without ever having to leave Facebook. See photos and videos that fans took of your favorite sports team and/or music artist in real-time and hear what they thought of the big game or concert.
With the Fanatic Fans Facebook app, Facebook users never have to miss a live event; Fanatic Fans app features a calendar of all sports and music events in their area. Users can look up the location and time of an event and get a map with directions showing them exactly how to get there. When a user sees an event they are interested in they can share it with their Facebook friends, buy tickets to the event, make comments, post videos and pictures before, in real-time during, and after the event.
Facebook users can now earn rewards for attending their favorite live events and using the Fanatic Fans Facebook or mobile applications. Facebook users can access a complete listing of merchant discount offers on food, drinks, merchandise and tickets. Look up discounts nearby and redeem rewards using the Fanatic Fans mobile application.
"Providing Facebook users the ability to view live event content, have access to merchant rewards and the ability to buy discount tickets to live events all within Facebook is a very exciting step in the development of Fanatic Fans. We will continue to work hard to provide value add services within the Fanatic Fans platform as we grow our user base and build our brand," said Jeff Holmes, Calibrus CEO.
Fanatic Fans Facebook application is free and is available for download from the Facebook app store. Fanatic Fans mobile app is free and can be downloaded from the iTunes store, Android Market or online at FanaticFans.com.
ABOUT CALIBRUS - Calibrus, Inc. (OTC Bulletin Board:CALB.ob - News) develops products and services in Social Media, Mobile applications, Third Party Verification, Hosted Call Recording and IVR Services. In addition to Fanatic Fans mobile app and FanaticFans.com website, Calibrus operates the JabberMonkey website (http://www.jabbermonkey.com), a premier site for expressing and gathering public opinion on a global scale. For more information on Calibrus visit the Calibrus website at http://www.calibrus.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact: Kevin Asher, phone 602.778.7516, kasher@calibrus.com
- Intellect announces that B2B adoption of Cloud applications is moving to
mainstream use, with online CRM provider, Really Simple Systems increasing its web CRM
user base to nearly 5,000 users of Small Business CRM in line with the trend -
Intellect, the UK's IT trade association, has today launched a series of resource case
studies that shows how the adoption of cloud technology, such as online CRM
[http://www.reallysimplesystems.com/our-customers ], web CRM and small business CRM
[http://www.reallysimplesystems.com/pricing-options ], within a B2B environment has now
become mainstream, following an initial slow take-up in the early years. The case studies
include the use of web CRM provider Really Simple Systems' http://www.reallysimplesystems.com online CRM and Contact Management, which has
experienced a dramatic increase in its user-base in Small Business CRM particularly over
the last 18 months.
The new case studies published as a follow-up to Intellect's 2009 briefing paper, "The
Business case for Software as a Service", show that companies and organisations, both
large and small, private and public sector, have switched many of their business-critical
infrastructure, such as online CRM, web CRM and small business CRM, to cloud-based systems
over the past two years.
John Paterson, CEO of online CRM, web CRM and small business CRM provider Really
Simple Systems, comments, "We launched a Free Edition of our small business CRM offering
back in October 2010 and had a target of achieving 10,000 sign-ups inside 12 months. That
figure has now been exceeded and we have just hit 20,000 sign-ups." He continues, "Cloud
Computing is replacing expensive and complex enterprise software systems with easy to use
products, such as online CRM, web CRM and small business CRM, at consumer prices."
This trend for cloud-based systems, such as online CRM, web CRM and small business
CRM, is endorsed by the US analysts Gartner Group's 2011 report on the adoption of online
CRM systems which showed that Sales Force Automation has moved through the "trough of
disillusionment" through to the "scope of enlightenment" and is less than two years away
from mainstream adoption.
The case studies cover a wide range of applications including Asset Management from
Dell, CRM and Contact Management from online CRM, web CRM and small business CRM provider
Really Simple Systems, Experian QAS and HTK, Accounting from Twinfield, and Supply Chain
Management from ediTrack.
David Terrar, Chairman of Intellect's Software as a Service (SaaS) group, comments,
"Two years ago, cloud-based applications were seen as a novel technology with a bright
future. This report shows that the future is now here and these systems now form an
integral part of business operations."
Oberthur Technologies and sicap Open Their Secure Application Suite to the NFC Ecosystem
BARCELONA, Spain, February 29, 2012/PRNewswire/ --
A unique suite to securely deploy and manage mobile services remotely
After two years of successful partnership, Oberthur Technologies and sicap,
respectively leaders in the fields of smart card solutions and device management are today
extending their unique solution to securely manage the NFC services life cycle, from
application creation to deployment.
Application stores of the past contributed to the success of mobile services yet
limited the added value of mobile operators. Applications were also often tied to a single
type of operating system and device and did not meet security requirements for sensitive
services like mobile commerce or mobile financial services (NFC-based or not).
In order to address the specific needs of mobile operators and services providers
launching NFC services, the Secure Application Suite is fully compatible with Oberthur
Technologies' TSM solution. In a unique environment, it permits not only to install but
also to access services, thus providing a complete 'NFC wallet' experience. Compatible
with multi-OS and supporting multi-content, it is designed to provide a seamless service
across a single platform to enhancethe customer journey.
Arnaud de La Chapelle, General Manager - Convergence and Solutions at Oberthur
Technologies commented, "In order to bring both security and ubiquity of service to their
subscribers, mobile operators need to position themselves in the mobile services
value-chain by proposing an alternative to vertical application stores. The best way for
mobile operators to secure their applications such as NFC services is to leverage on the
SIM capabilities. Our Secure Application Suite is the only tool today to securely deliver
mobile services to the largest number of subscribers."
"Our common solution is a real opportunity for operators to stay in the driving seat,"
said MrFabrice Valois, Director of Device and SIM Business Line at sicap. "The commercial
offer is exclusive, relevant, and the user experience is guaranteed. Our solution fosters
brand satisfaction by ensuring compatibility between the customer device and the
applications in the application store. Once attracted by NFC applications, subscribers can
be incentivised to use the operator portal for all their value-added service downloads."
This solution will be demonstrated during the Mobile World Congress at Oberthur
Technologies booth, Hall 8, stand 8B68 and at sicap booth, Hall 8, Stand 8B94
About SICAP
Sicap software solutions empower mobile operators to deliver a superior subscriber
experience, create new revenue streams and reduce operating costs.
Sicap develops and implements solutions across the value chain, including DM, billing
and loyalty, m-money, and USSD solutions. Present in 120 networks, serving 835 million
subscribers in 75 countries worldwide.
Oberthur Technologies is world leader in security based on smart card technology and
associated services. Through innovation and excellence in service, we deliver value to
business customers with profitable models and clear benefits for end-users. Our clients
are spread around the world and belong in many cases to global organisations.
They include mobile operators, financial institutions, governments, transport
operators, corporates and conditional access system providers. The products and services
we develop address the ever-changing needs of the payment, mobile, identity, transport,
convergence and digital TV market segments.
Oberthur Technologies has 5,700 employees through 40 countries and 65 sites.
Synaptics Ramping World's First High-Volume In-Cell Display Integration Solution for Smartphones
Synaptics Continues to Build on its History of Delivering Leading Capacitive Touch Solutions
SANTA CLARA, Calif., Feb. 29, 2012 /PRNewswire/ -- Synaptics Inc. (NASDAQ: SYNA),a leading developer of human interface solutions for mobile computing, communications and entertainment devices, today announced the world's first volume shipments of its ClearPad(TM) 3250 In-Cell solution. The ClearPad 3250 is a single-chip touch controller for display integrated In-Cell capacitive touchscreens. Synaptics ClearPad 3250 In-Cell solution eliminates the discrete touch sensor by integrating touch in the display, enabling OEMs to develop thinner smartphones.
The patent pending technology in the 3250 In-Cell solution eliminates display noise during touch sensing. By eliminating the discrete touch sensor, the ClearPad 3250 In-Cell solution enhances the display quality by increasing the transmittance of the display, which in turn reduces the power required for the backlight.
ClearPad 3250 is supported by Synaptics Design Studio(TM)4 (DS4), the ClearPad development solution embedded with patented SignalClarity(TM) Technology. Synaptics DS4 offers the most advanced and comprehensive touch system in the market. DS4 accelerates the development cycle by enabling customers to evaluate and optimize the performance of their touch experience and efficiently implement their custom ClearPad sensor solution. SignalClarity Technology improves tracking accuracy, finger separation and environmental and electrical noise robustness for an unmatched user experience.
"ClearPad 3250 In-Cell technology enables OEMs to further differentiate their high performance smartphones," said Kevin Barber, senior vice president and general manager of Synaptics. "Our OEM and display manufacturing partners are delighted with the thinner, low power, high performance characteristics of Synaptics' industry leading 3250 solution and we expect to see broad adoption of this technology in 2012."
For up to the minute Synaptics news, follow @SynaCorpon Twitter. For more information on Synaptics' products and solutions please visit http://www.synaptics.com .
About Synaptics
Synaptics delivers intelligent touch solutions for intelligent devices. As a leading developer of human interface solutions for the mobile computing, communications and digital home entertainment markets, Synaptics solutions enhance the user experience. The ClearPad(TM) touchscreen product family supports devices ranging from entry-level mobile phones to tablets. The TouchPad(TM) family, including ClickPad(TM), is integrated into the majority of today's notebook PCs. Synaptics has shipped over one billion capacitive touch solutions to date. (NASDAQ: SYNA) http://www.synaptics.com
Synaptics, ClearPad, TouchPad, ClickPad, Design Studio, SignalClarity, and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.
For further information, please contact:
Nick Rottler
Synaptics
408-454-5388
nrottler@synaptics.com
Holly Little
Edelman for Synaptics
650-762-2888
holly.little@edelman.com
Synopsys and Arteris Develop IP Solution to Reduce Mobile Phone Memory Costs
Joint MIPI Alliance Low Latency Interface (LLI) IP solution enables lower bill of materials cost and smaller printed circuit board area for mobile phones
BARCELONA, Spain, Feb. 29, 2012 -- MOBILE WORLD CONGRESS - Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP used in the design, verification and manufacture of electronic components and systems, and Arteris, Inc., the inventor and leading supplier of network-on-chip (NoC) interconnect IP solutions, today announced their joint analog and digital IP solutions to implement the MIPI Alliance Low Latency Interface (LLI) 1.0 specification. The combined offerings deliver high performance with low power consumption in a compact silicon footprint while providing interoperability with the MIPI standard. By providing a collaborative solution that adheres to the LLI specification, Arteris and Synopsys give system-on-chip (SoC) designers access to pre-tested and pre-optimized analog and digital MIPI-based IP that can reduce design cost and accelerate time to market.
The MIPI Alliance LLI specification enables high-bandwidth, low-latency inter-chip communication between two chips using a minimal number of SoC pins. The LLI specification utilizes the MIPI M-PHY physical layer, which also supports five other protocols including USB SSIC, JEDEC UFS, MIPI CSI-3, DSI-2 and DigRF( ) v4. The round-trip latency of the LLI inter-chip connection is fast enough for a mobile phone modem to share an application processor's memory while maintaining enough read throughput and low latency for cache refills. This enables phone manufacturers to remove the modem's dedicated RAM chip from the phone's bill of materials, MIPI Alliance estimates saving approximately $2 in cost per phone as well as significant printed circuit board (PCB) space that can be used for additional features or to create smaller or thinner devices.
"As active MIPI contributors, Synopsys and Arteris are aiding in the adoption of the MIPI M-PHY and MIPI Low Latency Interface," said Joel Huloux, chairman of the board of MIPI Alliance. "The early integration and availability of the Arteris and Synopsys solution helps speed time to market for MIPI LLI adopters."
The joint solution consists of Arteris' Flex LLI(TM) MIPI LLI digital controller IP and Synopsys' DesignWare® MIPI M-PHY IP. A team of Arteris and Synopsys engineers, formed to facilitate verification and testing of the joint solution, validated its functionality and interoperability.
"The Synopsys-Arteris MIPI LLI joint solution is the easiest and lowest risk path to adopting MIPI LLI," said Charlie Janac, president and CEO of Arteris. "Arteris and Synopsys have worked together to offer joint customers the most integrated LLI solution with the fastest time to market and least design risk."
"The new Synopsys-Arteris MIPI LLI solution eases adoption of this innovative low latency chip-to-chip interface by providing high-quality IP that has been jointly validated and is ready for customers to rapidly integrate into their SoCs," said John Koeter, vice president of marketing for IP and systems at Synopsys. "With the increasing demand to incorporate display, camera and mobile broadband connectivity into consumer devices, SoC designers must rely on proven IP that is verified compliant with MIPI standards such as DSI, CSI-2, D-PHY, DigRF 3G/v4 and M-PHY."
Availability
Arteris and Synopsys' joint MIPI LLI IP solution is available today for select early access customers to start their design. System hardware implementing the joint solution will also be available in the second half of 2012.
For more information on Arteris' FlexLLI MIPI LLI digital controller IP, please visit: http://www.arteris.com/lli
Synopsys is a leading provider of high-quality, silicon-proven IP solutions for SoC designs. The broad DesignWare IP portfolio includes complete interface IP solutions consisting of controllers, PHY and verification IP for widely used protocols, analog IP, embedded memories, logic libraries and configurable processor cores. To support software development and hardware/software integration of the IP, Synopsys offers drivers, transaction-level models, and prototypes for many of its IP products. Synopsys' HAPS® FPGA-Based Prototyping Solution enables validation of the IP and the SoC in the system context. Synopsys' Virtualizer(TM) virtual prototyping tool set allows developers to start the development of software for the IP or the entire SoC significantly earlier compared to following traditional methods. With a robust IP development methodology, extensive investment in quality, IP prototyping, software development and comprehensive technical support, Synopsys enables designers to accelerate time-to-market and reduce integration risk. For more information on DesignWare IP, visit: http://www.synopsys.com/designware. Follow us on Twitter at http://twitter.com/designware_ip.
About Synopsys®
Synopsys, Inc. (Nasdaq: SNPS) is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design, verification and manufacturing. Synopsys' comprehensive, integrated portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, system-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has approximately 70 offices located throughout North America, Europe, Japan, Asia and India. Visit Synopsys online at http://www.synopsys.com.
About Arteris
Arteris, Inc. provides Network-on-Chip interconnect IP and tools to accelerate System-on-Chip semiconductor (SoC) assembly for a wide range of applications. Results obtained by using the Arteris product line include lower power, higher performance, more efficient design reuse and faster development of ICs, SoCs and FPGAs.
Founded by networking experts, Arteris operates globally with headquarters in Sunnyvale, California and an engineering center in Paris, France. Arteris is a private company backed by a group of international investors including ARM Holdings, Crescendo Ventures, DoCoMo Capital, Qualcomm Incorporated, Synopsys, TVM Capital, and Ventech. More information can be found at http://www.arteris.com.
About MIPI Alliance
MIPI Alliance is a global, collaborative organization comprised of companies that span the mobile ecosystem and are committed to defining and promoting interface specifications for mobile devices. MIPI Specifications establish standards for hardware and software interfaces which drive new technology and enable faster deployment of new features and services. For more information, visit http://www.mipi.org.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the expected availability of system hardware implementing Arteris and Synopsys' joint MIPI LLI IP solution. These statements are based on current expectations and beliefs. Actual results could differ materially from those described by these statements due to risks and uncertainties including, but not limited to, unforeseen production or delivery delays, failure to perform as expected, product errors or defects and other risks detailed in Synopsys' filings with the U.S. Securities and Exchange Commission, including those described in the "Risk Factors" section of Synopsys' Annual Report on Form 10-K for the fiscal year ended October 31, 2011.
Editorial Contacts:
-------------------
Kurt Shuler Mike Sottak
Arteris, Inc. Wired Island, Ltd.
+1 408-470-7300 +1 408-876-4418
kurt.shuler@arteris.com mike@wiredislandpr.com
Sheryl Gulizia Stephen Brennan
Synopsys, Inc. MCA, Inc.
650-584-8635 650-968-8900 x114
sgulizia@synopsys.com sbrennan@macpr.com
SOURCE Synopsys, Inc.; Arteris, Inc.
Aylus Networks Launches Interconnected Mobile Video Calling at GSMA Mobile World Congress
BARCELONA, Spain, February 29, 2012/PRNewswire/ --
Visit meeting room 4.6HS07 in Hall 4 to see how to deliver mobile video
calling that works for everyone - between video calling clients, over multiple networks
Aylus Networks [http://www.aylus.com ](TM), a leading provider of infrastructure for
enabling live mobile video services, announced today that they will launch their
interconnected mobile video calling at the GSMA Mobile World Congress show. Aylus will
demonstrate at the show the Aylus Video Platform [http://www.aylus.com/platform.html
](TM), which will serve as an interconnect gateway to enable service providers to make
mobile video calling work seamlessly across different services - including OTT offerings -
and across multiple networks. Stop by the Aylus meeting room in Hall 4 - room 4.6HS07 - to
see a demonstration.
"The mobile video communication landscape today is predominately served by
over-the-top (OTT) services and communities of subscribers. Over the course of the next
year, many tier-1 carriers will release network-based video calling based on the VoLTE and
IR94 specifications. This will result in a more complex world of video calling and a
multitude of video clients on a wide range of devices that are unable to place video calls
to each other. If we want to drive mass-market adoption of new mobile video services, this
needs to change," said Mark Edwards, CEO of Aylus Networks. "With the Aylus Video
Platform(TM) handling the inter-exchange among the different video calling services and
networks, operators and service providers can offer video calling services that are not
constrained to particular groups of friends or family members who happen to be on the same
network or using the same video calling client on their devices."
The Aylus Video Platform is unique in its ability to serve as the inter-exchange
mechanism for video communications among different networks - wireless (3G/4G/Wi-Fi) and
wireline/Web - while ensuring that the signaling and video are converted for the different
services and CODECs at each end. The platform also ensures that video usage is tracked and
can be billed correctly, and that policies for video routing and usage can be enforced.
Aylus makes it possible to offer video calling services that work for anyone and everyone.
"With Aylus handling the inter-connect functions, video calling and other video
communication services can become an integral part of the voice calling session.
Subscribers can use their contact list or dialing function to start a voice call with
anyone they choose, electing to upgrade the call to include live video," Edwards added.
"Only by making video calling as intuitive and simple to use as voice calling will we be
able to drive mobile video calling into the mass market-benefiting the service providers,
OTT vendors, consumers and enterprises using the services."
About Aylus Networks
Aylus Networks, Inc. helps mobile operators and communications service providers
deliver live video services for consumers and enterprises. Solutions from Aylus range from
live video sharing, including social networks and RCS/RCSe devices, to multi-party video
calling on mobile networks. Aylus' innovative, IP-based core infrastructure platform is
unique in its ability to serve as a video calling inter-exchange, enabling service
providers to optimize video communications among different networks (3G/4G/Wi-Fi)
regardless of the endpoints, build new revenue streams through QoS/QoE, and drive
mass-market adoption of mobile video services based on existing voice calling offerings.
For more information visit http://www.aylus.com.
Kii Links Smartphone App Makers to Global Carriers and Handset Makers
App makers gain global promotion and distribution opportunities with mobile industry giants
BARCELONA, Spain, Feb. 29, 2012 /PRNewswire/ -- MOBILE WORLD CONGRESS -- Kii Corporation, providers of cloud technology services, funding and distribution for mobile app developers, today announced Kii Partners, a program for Smartphone App promotion and distribution. The formation of Kii Partners coincides with the company's formal launch today.
As its core business, Kii Corporation identifies and partners with promising smartphone app makers with early traction in app stores. Under Kii Partners, the company will promote these apps to its partners for preloading applications and distribution in the partner's own markets.
Companies participating in today's announcement include:
-- NTT DOCOMO
-- NEC Corporation
-- Kyocera
-- Softbank
-- KDDI
-- HTC
-- D2C
-- Madhouse
To find out how to participate, please contact info@kii.com.
About KII Corporation
Kii Corporation was formed in July 2010 as the result of the merger of Servo Software and Synclore Corporation, leaders in the mobile data synchronization and backup space. The company's core offering, Kii Platform, is a unique combination of cloud technology, distribution services and an early stage investment fund designed to help mobile app developers monetize and grow their business. Kii currently reaches over 40 million end users around the world through its network of developer partners. Kii is headquartered in Tokyo, Japan with offices in San Mateo, California and Shenzhen, China and today employs more than 100 engineers and business professionals around the world. For more information visit http://www.kii.com.
About NTT DOCOMO
NTT DOCOMO is a world-leading mobile operator that is in transition into an integrated service company placing mobility at the core. The company serves over 59 million customers in Japan via advanced wireless networks, including a nationwide 3G network and one of the world's first commercial LTE networks. Leveraging its unique capabilities as a mobile operator, DOCOMO is a leading developer of cutting-edge technologies for NFC mobile payments, mobile GPS, mobile TV, intuitive mobile assistance, environmental monitoring, smart grids and much more. Overseas, the company provides technical and operational expertise to eight mobile operators and other partner companies. NTT DOCOMO is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. Please visit http://www.nttdocomo.com for more information.
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
About Kyocera Corporation
Kyocera Corporation (NYSE:KYO) (TOKYO:6971) (http://global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as "advanced ceramics"). By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of telecommunications equipment, electronic components, solar power generating systems, printers, copiers, semiconductor packages, cutting tools and industrial ceramics. During the year ended March 31, 2011, the company's net sales totaled 1.27 trillion yen (approx. USD15.3 billion). The company is ranked #604 on Forbes magazine's 2011 "Global 2000" listing of the world's largest publicly traded companies.
About HTC
Founded in 1997, HTC Corporation (HTC) is the creator of many award-winning mobile devices and industry firsts. By putting people at the center of everything it does, HTC pushes the boundaries of design and technology to create innovative and personal experiences for consumers around the globe. HTC's portfolio includes smartphones and tablets powered by HTC Sense(TM), a multilayered graphical user interface that vastly improves user experience. HTC is listed on the Taiwan Stock Exchange (TWSE: 2498). For more information, please visit http://www.htc.com.
About D2C Communications, Inc.
D2 COMMUNICATIONS INC. (D2C) was established in 2000, as a subsidiary incorporated of NTT DOCOMO, INC., Dentsu Inc., and NTT Advertising, Inc. D2C is the first company in the world specializing in mobile advertisement. Under the corporate slogan "No Wireless, No Marketing", our business domains include the following: mobile advertisements, media representative, planning / operations for mobile campaigns, development of Apps / digital contents, and other mobile marketing services. We are now currently focused on developing new mobile Apps / contents as well as expanding our business beyond Japan.?URL: http://www.d2c.co.jp?
About KDDI
KDDI, as a comprehensive communications company offering both fixed-line and mobile communications services, strives to be a leading company during changing times. For individual customers, KDDI offers its mobile communications (au mobile phone) and fixed-line communications (broadband Internet/telephone) services under the brand name "au", helping to realize FMBC (Fixed Mobile and Broadcasting Convergence). And for business clients, KDDI provides all services in the ICT (Information and Communication Technology) realm, from FMC (Fixed Mobile Convergence) networks to data centers, applications, and security strategies, to help clients strengthen their businesses. For more information, please visit KDDI at http://www.kddi.com/english/index.html
About Softbank
SOFTBANK MOBILE Corp. (SBM) is a leading company of Mobile Communications business, providing innovative service in Japan, and an operator of Mobile Communications Segment of the SOFTBANK Group. SBM has declared to be No.1 "Mobile Internet Company" and it has brought the new era of digital life to Japanese users by introducing a variety of Smartphones. SBM's strategy for the future growth is to enhance customer base and the network. It has achieved gaining 2.43 million subscriber net additions in 2011 and it has been the No.1 carrier to gain the most subscribers for 5 consecutive years among other carriers in Japan.
About Madhouse Inc.
Founded in 2006, Madhouse is the leading and most established mobile ad network and mobile marketing solutions provider in China, serving 199 brand customers and 52 agency partners in 2011 alone. On February 14th, 2012 Madhouse launched operations in India to capitalize on the ever increasing demand for customized mobile marketing solutions in that market. Madhouse offers four key services: MadServing: industry-leading mobile ad serving platform; SmartMad: China's largest mobile ad network; MadPlatform: industry-leading mobile; ad technology service platform; MadSolutions: integrated mobile marketing solutions services. For more information about Madhouse, please visit http://www.madhouse.cn.
All trademarks are the properties of their respective owners.
Kii Corporation Launches Kii Platform for Mobile App Developers
The industry's first one-stop-shop for cloud services, funding, and Asian distribution helps App Store entrepreneurs accelerate global business success
SAN MATEO, Calif. and BARCELONA, Spain, Feb. 29, 2012 /PRNewswire/ -- MOBILE WORLD CONGRESS -- Kii Corporation (http://www.kii.com) is making its official debut today at Mobile World Congress with a unique offering for mobile app developers. The company's core service offering, Kii Platform, combines cloud technology (Kii Cloud), distribution through Asian OEMs and operators (Kii Partners) and an early stage investment fund (Kii Capital) for accelerating App Store entrepreneurs into successful global businesses. Kii currently reaches over 40 million end users around the world through its network of developer partners.
"Building a successful App business is incredibly difficult because most developers are already feeling overburdened by the pressure to maintain a high ranking in app stores. As a result, capitalizing, marketing and monetizing it in different geographies and capturing what needs to be improved to make it successful, is beyond the skills and capabilities of most of them," said Rob Enderle, Principal Analyst for the Enderle Group. "The Kii Platform provides the resources developers need and a collaborative infrastructure where people new to this segment can learn from the successes and mistakes of others."
The Kii Platform is made up of three pillars:
Kii Cloud: A suite of scalable back-end cloud services including user management, data management, analytics and mobile advertising. Through Kii's developer portal, developers can quickly and easily persist data for millions of users without writing a single line of server code. With similar ease developers can improve app monetization by including the Kii Ad SDK. Kii supports smartphone developers using any major platform but offers special native SDK support for Apple IOS and Android development.
Kii Capital: An early stage investment fund focused on the app segment of the fast growing smartphone market. The fund targets mobile application developers looking to scale their business globally through recruiting, marketing, product development and monetization strategies, among other services needed to expedite growth.
Kii Partners: Access to a distribution network of highly coveted Asian mobile operators and OEMs in Japan, China, Korea and Taiwan, as well as Silicon Valley, who offer pre-loading as well as co-marketing opportunities for select apps.
"App Store success creates new challenges: raising money, hiring server engineers, and going global," said Masanari Arai, CEO and co-founder of Kii Corporation. "Through Kii Capital, Kii Cloud and Kii Partners we stand behind this new class of entrepreneur."
One beneficiary of the Kii Platform is Metago, developers of the ASTRO File Manager app, which has grown to more than 20M downloads in Android Market. Kii Capital was the first institutional investor in Metago, Kii Cloud is the foundation for the company's first subscription-based premium online service, ASTRO Backup, and Kii Partners helped Metago secure distribution deals with large Asian partners.
"When we first developed ASTRO File Manager we of course hoped it would become an instant success. But as our user base grew into the millions, we quickly realized that scaling and monetization was going to be a challenge," said Kevin Payne, CEO of Metago. "Partnering with Kii allowed us to expand our product offering to include cloud services and monetize in countries we had little reach in previously. It's a winning combination."
"The Kii Cloud infrastructure already serves tens of millions of users in Japan, but ASTRO rapidly doubled in size since the time of our investment," added Miko Matsumura, Senior Vice President Marketing and Developer Relations of Kii Corporation. "It's exciting to enable such a fast-growing premium online service, and we're looking forward to working with ASTRO on mobile advertising initiatives."
**MWC Note to Editors** Attendees of Mobile World Congress can hear Mr. Matsumura speak on the developer tools panel at Bubble Over Barcelona (BOB), today at 12:50pm at the Museu del Rock. BOB is a mini-conference that brings the many innovators and disruptors from Silicon Valley to the global mobile meet up that is Mobile World Congress.
About Kii Corporation
Kii Corporation was formed in July 2010 as the result of the merger of Servo Software and Synclore Corporation, leaders in the mobile data synchronization and backup space. The company's core offering, Kii Platform, is a unique combination of cloud technology, distribution services and an early stage investment fund designed to help mobile app developers monetize and grow their business. Kii currently reaches over 40 million end users around the world through its network of developer partners. Kii is headquartered in Tokyo, Japan with offices in San Mateo, California and Shenzhen, China and today employs more than 100 engineers and business professionals around the world. For more information visit http://www.kii.com.
Media Contact
Karen Blondell
Sparkpr for Kii
310-331-8396
karen@sparkpr.com
Doro, the European market leader in easy-to-use mobiles, today reveals details of its
application partners and content strategy for seniors. The company has this week also
revealed its first smart devices along with its new easy-to-use mobile interface - the
Doro Experience(R). Part of which is the Doro Selection - providing a variety of
recommended mobile applications for the senior.
euronews is one of Doro's first easy-to-use applications and offers a live feed of
breaking news headlines in eleven languages.
"We are pleased to collaborate with Doro as this partnership moves us forward in our
multiscreen customer segmentation strategy. We believe that smart devices specifically
dedicated to seniors will be successful and euronews' straightforward live application
will contribute to this," said Michael Peters, CEO at euronews.
Jerome Arnaud, CEO at Doro, said: "With our fuss-free easy-to-use interface, seniors
are now being able to access the news of their choice via euronews. We are proud of this
exciting partnership and to be leading our content offering with such an established
broadcaster."
The Doro Selection also includes local market applications. French seniors can enjoy
an accessible version of Le Figaro - the national newspaper. 'Medication For Private
People' is a searchable library of medicine for the Swedish. It enables the user to search
for medication by name and to discover further information.
In addition, Doro has developed an application to bring the Facebook(R) experience to
seniors in an easily accessible way. The application is called Doro Friends and gives
seniors a lite version of the social networking platform.
Jerome Arnaud, CEO at Doro, concluded: "Doro is committed to bridging the digital
divide faced by seniors around the world on a daily basis. Our strategy is to offer a
range of recommended mobile applications and services through the Doro Selection - which
are tailored to the needs of the senior user. We will continue to help seniors by
introducing further easy-to-use services within the Doro Experience(R)."
The Doro Experience(R) including the Doro Selection will come pre-installed on the
company's own smart products and is available for third party license. It can also be
downloaded onto existing smart devices to make them easier.
About Doro: Doro is a Swedish public company quoted on OMX Nasdaq Stockholm exchange,
Nordic list, Small companies. http://www.doro.com
For further information contact the press office at Fire PR:
Stu Campbell, doro@fire-pr.com / +44(0)7545-191-582 / Twitter @DoroNews
CellTrust Introduces SecureVoice to Deliver Encrypted Voice Communications and Protect Private Conversations
CellTrust SecureVoice Builds on CellTrust's Secure Mobile Platform and Award?Winning SecureSMS Solution
BARCELONA, Feb. 29, 2012 /PRNewswire/ -- CellTrust Corporation, the recognized worldwide leader in secure mobile messaging and communication (http://www.celltrust.com), has selected ShowStoppers at Mobile World Congress 2012, to announce the launch of its new secure voice solution. SecureVoice provides efficient and effective secure communication for industries that require highly secure and confidential voice transmissions, such as government, military, law enforcement and individuals who communicate sensitive information.
CellTrust SecureVoice is a Voice over IP (VoIP) service consisting of a mobile application and a server-side application. Customers utilizing SecureVoice on both incoming and outgoing handsets benefit from complete end-to-end encryption of voice communication, allowing the user to place calls with complete security and confidence, knowing that private conversations will not be compromised.
"As we have worked with many customers over the past five years on secure mobile data communications solutions, we have learned that there is also significant demand for secure voice communications," said Sean Moshir, CEO and Chairman of CellTrust. "With our SecureVoice solution, customers now have the ability to protect their voice calls the same way they protect their SMS content using CellTrust's SecureSMS solution."
Features of CellTrust SecureVoice include:
-- Full duplex, real-time voice encryption
-- Utilizes Super Advanced security handshake
-- Robust VoIP over WiFi and 3G/4G
-- Integration with CellTrust SecureSMS
CellTrust SecureVoice is available as an enterprise solution where the communication server and all of its data are located inside the customer's data center or as a hosted solution at the CellTrust Data Center for dedicated uptime and server access. CellTrust SecureVoice is initially offered on Android handsets followed by iPhone, BlackBerry and Windows Phone.
About CellTrust Corporation
CellTrust is the leading provider of secure mobile communication. For more information, visit http://www.celltrust.com
Media Contact:
Lora Friedrichsen/Valerie Christopherson
Global Results Comms (GRC) for CellTrust
Integrated Telecom (ITC) Launches Enhanced Enterprise VSAT Services Based on The iDirect Evolution Platform
Leading telecom operator deploys iDirect satellite hub and iDX 3.0 in Saudi Arabia to extend services into new markets
HERNDON, Va., Feb. 29, 2012 /PRNewswire/ -- VT iDirect, Inc. (iDirect), a company of VT Systems, Inc. (VT Systems), today announced that ITC, one of the fastest-growing telecom operators in Saudi Arabia, has enhanced its enterprise VSAT services with the iDirect Evolution® platform. ITC purchased an iDirect Universal 15000 Series satellite hub, which is integrated with iDirect's latest software, iDX 3.0, to support growth in the banking sector and other verticals. iDirect is the world leader in satellite-based IP communications technology.
By integrating MPLS with VSAT, ITC enables its enterprise customers to manage remote extensions of their corporate network to rural areas on one MPLS network. For the banking sector, that means connecting remote branches and ATMs to corporate headquarters more efficiently, lowering operating costs and increasing productivity.
Evolution offers ITC a highly flexible platform that can support current customer demands while also scaling to meet the company's strategic growth plans. In choosing iDirect, ITC specifically focused on iDirect's Group Quality of Service (GQoS) feature, which provides a better end-customer experience by enabling sophisticated bandwidth allocation and prioritization. The SCPC Return capability of iDX 3.0 was also an important feature for ITC. With the ability to switch their customers from TDMA to SCPC based on their dynamic bandwidth requirements, ITC can offer more flexible VSAT services to customer segments that require both the efficiency of TDMA and the dedicated bandwidth of a fixed SCPC link.
With its investment in an iDirect Evolution network, ITC has enhanced its services and is positioned to expand its customer portfolio and enter new markets, including the oil & gas, utilities, and government sectors.
"At ITC, we rely on the best technology to meet our customers' diverse communications needs. That's why we chose to partner with iDirect. Our investment in the Evolution platform enables us to deliver more efficient VSAT services to our existing customers in the enterprise sector, and also offers the flexibility to support our expansion into new growth markets."
~Amer Mowafi
Chief Commercial Officer, ITC
"We are pleased that ITC chose iDirect technology to strengthen its VSAT services during this period of rapid growth. The capabilities of the Evolution platform align perfectly with ITC's strategic goals, and will help the company further differentiate itself as a technological leader in the Saudi telecom market."
~ Majdi ATOUT
Regional Vice President of Sales - Africa and Middle East, iDirect
Integrated Telecom Co.(ITC), established in 2005, is one of the leading telecommunication companies in the Kingdom that has 6 International Gateways in Jeddah, Al-Khobar, UAE, Egypt, Qatar and Jordan linked through cross border connectivity and supported by sub-marine cables to connect the Kingdom to the world. ITC has invested heavily in its independent and state-of-the-art Fiber network of 12,000KM (SNFN) connecting the key cities in the Kingdom and is deploying an additional 10,000KM in Metro Areas. Furthermore, ITC is ISO certified and reputable for its committed SLA's (Service Level Agreements) which has attracted key sectors in KSA: Financial, Government Institutions, Health, Oil & Gas and other Telecom Operators. Please visit http://www.itc.sa for further info.
iDirect, a subsidiary of VT Systems, is a global leader in IP?based satellite communications providing technology that enables our 350+ partners to optimize their networks, differentiate and profitably expand their businesses. The iDirect Intelligent Platform(TM) allows our partners to run their entire business operations more efficiently via a single, unified IP?based satellite architecture, whether it's providing core IP applications to the enterprise or specialized services to any number of diverse vertical markets. iDirect is the #1 name in global satellite communications in key industries including maritime, military/government, and oil and gas, with a 62% hub market share and more than a quarter million remotes installed worldwide. In 2007, iDirect Government Technologies (iGT) was formed to drive adoption of its IP?based solutions in the U.S. government market. In 2008, iDirect Asia Pte Ltd was established in Singapore to enhance its value?add and responsiveness to customers in the Asia Pacific region. For more information please visit http://www.idirect.net.
VT Systems is an engineering company providing integrated solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systems' innovative solutions, products and services include aircraft maintenance, repair and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialized truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit http://www.vt-systems.com.
Comcast Helps Power the Digital Home With the Launch of "Xfinity Home" Service in Washington State
Broadband-Based System Enables Customers to Remotely Monitor Their Home and Control Digital Thermostats and Lights in Real-Time
SEATTLE, Feb. 28, 2012 /PRNewswire/ -- Comcast today announced the launch of Xfinity® Home across the company's Washington State service area. Xfinity Home offers traditional home security components, like police and fire alarm protection backed by 24/7 professional monitoring, as well as the ability to remotely adjust digital thermostats, turn lights on or off and watch secure live streaming video from wireless cameras while away from home. The service also comes with the Xfinity Home app, which is available for free on Apple's iTunes App Store®.
"Xfinity Home brings digital home monitoring to a new level,"said Mitch Bowling, Senior Vice President and General Manager of New Businesses for Comcast Cable. "It comes with a range of broadband-based technologies that empower customers to stay better connected to their home virtually anytime, anywhere."
Xfinity Home offers consumers the ability to create personalized settings that can do things like provide real-time e-mail or text alerts when doors open or close or when motion detectors report activity occurring inside or outside of the home. In addition, the service comes with a tablet-like touch screen with a menu of widgets that allow access to the latest weather, news, traffic, and sports scores.
In addition to 24/7 professional monitoring, Xfinity Home provides customers with the ability to:
-- watch live streaming video of their home via wireless cameras;
-- access security controls remotely via a Web portal or the Xfinity
Security app for the iPhone;
-- manage home utilities like digital thermostats and lights;
-- have more peace of mind since both battery and cellular backup helps
ensure customers remain fully protected even in the event of a power
outage.
"We are extremely pleased to offer Xfinity Home to our Washington customers," said Len Rozek, senior vice president of Comcast's Washington state region. "This state-of-the-art product leverages the power and flexibility of our fiber optic broadband network to bring a whole new level of innovation, choice and value to our customers."
Today, Comcast is selling the Xfinity Home Preferred Package for as low as $39.95 per month. Xfinity Home customers will also be eligible to receive up to a 20 percent discount on their homeowners' insurance. Visit http://www.xfinity.com/home for more information on pricing, equipment and additional features.
The service was first unveiled in Houston in mid-2010 with the name Xfinity Home Security and is continuing to roll out into various markets in the U.S.
About Comcast Cable
Comcast Corporation (Nasdaq: CMCSA) (http://www.comcast.com) is one of the nation's leading providers of entertainment, information and communications products and services. Comcast is principally involved in the operation of cable systems through Comcast Cable and in the development, production and distribution of entertainment, news, sports and other content for global audiences through NBCUniversal. Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential and business customers. Comcast is the majority owner and manager of NBCUniversal, which owns and operates entertainment and news cable networks, the NBC and Telemundo broadcast networks, local television station groups, television production operations, a major motion picture company and theme parks.
Comcast has about 3,200 Washington employees, including 1,000 local customer service representatives in three call centers, who serve more than 1.1 million customers in Washington. For more information, visit http://www.comcastinwashingtonstate.com
Media Contacts:
Steve Kipp, Comcast, 425.741.5757
Steve_kipp@cable.comcast.com
Walter Neary, Comcast, 253.864.4660
Walter_Neary@cable.comcast.com
WD Reaches Agreement With Toshiba Corporation to Divest Certain 3.5-inch HDD Assets
IRVINE, Calif., Feb. 28, 2012 /PRNewswire/ -- Western Digital Corp. (NYSE: WDC) today reported that it has reached an agreement with Toshiba Corporation to divest certain assets to address the requirements of regulatory agencies that have conditionally approved or are continuing to review the company's planned acquisition of Hitachi Global Storage Technologies (HGST). The asset package covered by the agreement will enable Toshiba to manufacture and sell 3.5-inch hard drives for the desktop and consumer electronics markets and will enhance its ability to manufacture and sell 3.5-inch hard drives for near-line (business critical) applications. The divestiture transaction is subject to review by regulatory agencies in certain jurisdictions.
WD also reported that it has agreed, subject to completion of the divestiture transaction, to purchase Toshiba Storage Device (Thailand) Company Limited (TSDT). TSDT manufactured hard drives but has not resumed operations after the recent Thailand flooding. The principal assets of TSDT are its Thailand property, facilities and employees. Subject to completion of the transaction, WD plans to integrate these facilities and employees into its Thailand operations. The financial terms of the two agreements were not disclosed.
The closing of the transactions with Toshiba is conditioned on WD's closing of its planned acquisition of HGST, which remains subject to several closing conditions, including the receipt of certain remaining antitrust approvals. Subject to obtaining these approvals, the company is targeting the transactions with Toshiba to close in March 2012.
About WD
WD, one of the storage industry's pioneers and long-time leaders, provides products and services for people and organizations that collect, manage and use digital information. The company designs and produces reliable, high-performance hard drives and solid state drives that keep users' data accessible and secure from loss. Its advanced technologies are configured into applications for client and enterprise computing, embedded systems and consumer electronics, as well as its own consumer storage and home entertainment products.
WD was founded in 1970. The company's storage products are marketed to leading OEMs, systems manufacturers, selected resellers and retailers under the Western Digital® and WD® brand names. Visit the Investor section of the company's Website (http://www.westerndigital.com) to access a variety of financial and investor information.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements concerning the company's expected timing and completion of its planned acquisition of HGST and the divestiture transaction with Toshiba Corporation. These forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including delays in or failure to obtain any required regulatory approvals with respect to the company's planned acquisition of HGST or divestiture transaction with Toshiba Corporation, or failure to consummate or delay in consummating the transaction for other reasons and other risks and uncertainties listed in the company's filings with the Securities and Exchange Commission (the "SEC"), including the company's recent Form 10-Q filed with the SEC on Jan. 27, 2012, to which your attention is directed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
Western Digital, WD and the WD logo are registered trademarks of Western Digital Technologies, Inc. All other trademarks mentioned herein belong to their respective owners.
CONTACT: Bob Blair, Investor Relations, +1-949-672-7834, robert.blair@wdc.com, or Steve Shattuck, Public Relations, +1-949-672-7817, steve.shattuck@wdc.com
Renowned Litigator Steve Susman Launches "Trial by Agreement" Website
NEW YORK, Feb. 28, 2012 /PRNewswire/ -- Stephen Susman, a nationally known litigator based in Houston Texas, has launched TrialbyAgreement.com, a groundbreaking website aimed at ultimately transforming litigation in the United States into a process that is more efficient, expedient and cost effective.
"This website demonstrates that lawyers have the tools and the ability to curtail the prohibitive cost and bitter fights that are part of litigation," said Stephen Susman, a founding partner of Susman Godfrey. "Over the past several decades, my firm has taken the lead in developing pre-trial and trial agreements aimed at creating a more efficient and cost-effective trial process. This website allows us to share those successful agreements with the legal community at large."
TrialbyAgreement.com starts a dialogue about pretrial and trial agreements. These agreements are ground rules for pretrial and trial practice, which counsel reach at the very beginning of a case, before the discovery process begins or opposing counsel begin to defend their turf. The agreements make litigation faster, more efficient, and less expensive.
" This website will become a forum where trial lawyers, in-house counsel, clients and judges can discuss pre-trial and trial agreements, including what works and what doesn't," continued Susman. "We believe there is always room to build a better mousetrap."
Stephen Susman has over 40 years of experience as a litigator and is widely recognized as one of the most successful plaintiff's lawyers in the United States. He has been named one of the nation's Top 10 litigators in The National Law Journal in 2006, and one of the 11 litigators 'you do not want to see across the aisle' by The Business Insider, Law Review in 2010. Steve founded Susman Godfrey in 1980 after winning what was at the time the largest verdict in antitrust history. The 90 attorney firm has offices in Houston, Dallas, New York, Los Angeles, and Seattle, and has been twice recognized by the American Lawyer as Litigation Boutique of the Year, most recently in 2005.
SOURCE Susman Godfrey LLP
Susman Godfrey LLP
CONTACT: Stephen D. Susman. Susman Godfrey LLP, +1-212-336-8331, ssusman@susmangodfrey.com
XanEdu and Flat World Knowledge Partner to Lower the Cost of College Course Materials
ANN ARBOR, Mich., Feb. 28, 2012 /PRNewswire/ -- XanEdu Publishing, Inc., a leading innovator of customizable course materials, and Flat World Knowledge, the largest publisher of expert-authored and peer-reviewed open college textbooks, announced today that they are partnering to offer a flexible way for educators to provide students with low-cost textbook and course pack alternatives.
The partnership addresses the growing need for affordable course content that professors can easily customize to better fit their teaching and course requirements. The two companies are integrating Flat World's MIYO (Make It Your Own) customization platform with XanEdu's Folio-X e-learning platform for third party content. Educators now have the ability to pair selections from Flat World's catalog of open textbooks with any other third party content.
"Flat World Knowledge has a unique and progressive business model focused on high-value content at low cost," said Alar Elken, Chief Executive Officer, XanEdu Publishing, Inc. "Our combined vision is to extend this value proposition to customers in ways that dramatically streamline the aggregation process and reduce the cost of highly personalized textbook alternatives. In addition, our combined customers will have the option to transform Flat World content into dynamic, interactive and engaging digital experiences that enhance learning, encourage collaboration, and improve learning outcomes. We're excited to be working with a partner that values customer choice, flexibility and active integration."
XanEdu will provide the aggregation and copyright clearance services of the third party content, and then package and deliver the course materials to students in a variety of popular formats, including XanEdu's award-winning Folio-X e-learning platform for the iPad and Android tablets.
"I have always admired XanEdu's commitment to personalized courses, and their ability to work with faculty to ensure that their course materials really match instruction," said Jeff Shelstad, CEO and Co-Founder of Flat World Knowledge. "Flat World's focus on personalization complements XanEdu's, and our flexible content will better support their efforts worldwide."
Educators often combine textbook chapters with a variety of third-party sources, including journal and newspaper articles, cases, multimedia and personal lecture notes. Professors need flexible and easily accessible content choices from a variety of disparate sources combined with copyright clearance services and innovative delivery options that meet the needs of today's mobile students.
The combined XanEdu-Flat World solution is currently available to educators by calling 1-800-218-5971 option 6 or requesting an estimate at http://www2.xanedu.com/low-cost. The two companies plan to have a more advanced online integration completed by the summer of 2012.
Both companies will be speaking and exhibiting at the CAMEX Campus Market Expo 2012, March 2-6 at the Salt Palace in Salt Lake City, UT. Visit XanEdu at booth #1623 and Flat World Knowledge at booth #3223 in the New Exhibitor Area. Also see us at:
Future Growth with Digital Delivery, Print-on-Demand Technology, and Open Textbooks
Fri., March 2 12:30 p.m.-1:45 p.m.
Room: 151 ABC
Block: 2 Session: 2-9
Jeff Shelstad, co-presenter
Product Spotlight featuring XanEdu and Flat World Knowledge
Saturday, March 3, 2012 from 2:30 p.m.- 3:45 p.m.
Room: Ballroom Section H
In addition, XanEdu and Flat World Knowledge are sponsors of the NACS Media Solutions "Grow Custom" initiative that is offering new and viable custom publishing options sold through college bookstores.
About XanEdu
Founded in 1999, XanEdu delivers innovative print and digital custom course materials and textbooks, which are 100% copyright compliant, and accessible on iPad and Android tablets. XanEdu received a Campus Technology 2011 Innovators Award for its XanEdu iPad app as part of the Folio-X e-learning platform. Faculty, academic programs, bookstores and students all turn to XanEdu for quality, convenience and innovation. XanEdu publishes over 15,000 titles at over 2,000 institutions annually. To learn more, visit http://www.xanedu.com, call 800-218-5971, follow us on Twitter @xanedu, find us on Facebook at facebook.com/xanedu, and read our Digital NeXus blog at blog.xanedu.com.
About Flat World Knowledge
Founded in 2007, Flat World Knowledge is the largest publisher of open college textbooks for students worldwide. Our mission is to use technology and innovative business models to lower costs, increase access and personalize learning worldwide. Our expert-authored and peer-reviewed textbooks are available in a wide range of low-cost print and digital formats, including a free online version. Flat World Knowledge Partnerships gives senior administrators an easy way to deliver course materials at the institution and system-wide level through a per-student, per-course license. To date, Flat World textbooks are used at over 2,000 colleges in 44 countries. To learn more, visit http://www.flatworldknowledge.com; follow us on Twitter @flat_world; and on Facebook at facebook.com/flatworldknowledge.
SOURCE XanEdu Publishing, Inc.
XanEdu Publishing, Inc.
CONTACT: Dianne Michalek of XanEdu Publishing, Inc., +1-734-302-6770, dmichalek@xanedu.com; or Carole Walters of Flat World Knowledge, +1-914-740-8072 ext. 7505, cwalters@flatworldknowledge.com
World of Warplanes Soviet Warbirds Soar to Great Heights
Wargaming.net Reveals Initial Tech Tree for Soviet Line of Planes
SAN FRANCISCO, Feb. 28, 2012 /PRNewswire/ -- Wargaming.net, the award-winning videogame developer and publisher, soars to new heights with the new addition of Soviet warplanes, the third faction revealed for the flight combat action MMO World of Warplanes. The game is currently in its global alpha phase, where an army of test pilots are assisting the development team in improving and polishing the gameplay.
The initial Soviet tech tree will include the legendary La-5 light fighter and Il-2 ground-attack plane, along with more than 20 other warbirds. Additional planes will be added to the Soviet line as the game nears launch.
"We are glad to finally introduce the latter of the big trio," said World of Warplanes producer Anton Sitnikau. "We are always striving to reach a combination of accuracy and fun in our games and hope our test pilots currently in global alpha will find the Soviet warbirds as fun to fly as the American and German planes."
About World of Warplanes
World of Warplanes is a flight combat MMO action game set in the "Golden Age" of military aviation. The game continues the armored warfare theme marked in the highly-acclaimed World of Tanks, throwing players into a never-ending tussle for air dominance.
Based purely on aircraft setting, World of Warplanes will allow players to build full-scale careers as virtual pilots. The game offers planes from several key eras, staring from the 1930s biplanes, and up to the Korean War jet fighters that led the way for modern air forces.
World of Warplanes will feature a wide range of warbirds, each of them unique in their effectiveness and behavior. Virtual pilots can choose from three main warplane classes: single-engine light fighters capable of engaging enemies in close dogfights, heavy fighters with deadly straight attacks, and ground-attack planes, a fearsome threat for ground targets.
Every plane will feature multiple variations of weapons and ammo types, engines, and other crucial modules. Various combinations will allow players to pick optimal configurations for the most effective behavior in combat.
Wargaming.net ® is an award-winning online game developer and publisher and one of the leaders in the free-to-play MMO market. Since 1998, the company has published more than 15 titles, including the highly acclaimed Massive Assault and Order of War series. Currently Wargaming.net is focused on establishing the MMO war trilogy that includes the flagship armored World of Tanks, the flight combat World of Warplanes (one of the most anticipated MMOs for 2012), and the naval World of Battleships scheduled for release in 2013.
DCS Health to Join Forces with Family Health Network
RESEARCH TRIANGLE PARK, N.C., Feb. 28, 2012 /PRNewswire/ -- Family Health Network, Inc., an RTP technology company creating Web tools to connect patients with caregivers, announced today a transaction that brings Family Health Network new proprietary technologies and talented leadership.
DCS Health, founded by former BellSouth chief strategist Doug Bulleit, will transfer patent rights and key personnel to Family Health Network. Mr. Bulleit will join Family Health Network in a senior product and planning role.
An Atlanta-based company, DCS Health is comprised of leading network executives organized in 2006 to develop new Consumer Driven Health Plan (CDHP) portals and search technologies using proprietary Health over Internet Protocols (HoIP). The work of DCS Health can be seen at http://www.dcshealth.com.
Bulleit and the DCS Health technologies join Family Heath Network as the company positions itself to become a major player in the rapidly developing Aging in Place marketplace. Family Health Network's Connected For Life(SM) is an innovative technology platform allowing family and professional caregivers to be linked to seniors who may have not previously engaged with technology.
"Key technologies developed and patented by DCS Health are extraordinarily complementary to Family Health Network's Connected For Life(SM) platform," said Harry Bailes, CEO Family Health Network. "The experience and insight gained from this acquisition, including the multiple relationships and insight into consumer driven healthcare, will rapidly accelerate our market position," Bailes adds. "And the combination of proprietary technology as well as engineering, entrepreneurial and leadership experience that we will be acquiring will drive progress on multiple fronts."
The promise of Family Health Network's Connected For Life(SM) has been recognized through the National Institute of Health award of a grant that supports research into senior use of Web-based tools. In addition, the technology combines both social and clinical approaches to care that are applicable to a broader healthcare marketplace.
Its "patient engagement engine" is being used in an innovative project involving an extended care team including case manager, pharmacist and physician who come together to provide coordinated care in a new drug therapy program for hepatitis C. Family Health Network's platform was also featured in three grant applications for funding under the CMS Healthcare Innovation Challenge.
About Doug Bulleit: At BellSouth, Bulleit focused primarily on core growth initiatives. In particular, his work resulted in a material expansion of BellSouth's convergent digital networking, broadband/IP, electronic commerce and Managed Services positions. Prior to his corporate strategy tenure, he spent six years as President of BellSouth's Advanced Networks Group developing an assortment of enhanced network services.
About Family Health Network
Family Health Network develops integrated technology solutions that connect patients with members of their care team, opening the door to improved communication and better health outcomes. Family Health Network's Connected for LifeSM online program enables health care providers and caregivers to remotely monitor, record, and track a patient's health status and medication use on a daily basis. By providing real-time information sharing with health care providers and other members of the care team, this low cost program empowers patients, relieves stress of caregivers, lowers health care costs, and improves quality of life. Family Health Network's Connected for LifeSM holds the promise to be the centerpiece of a next generation of patient-centered care. For more information about Family Health Network, please visit http://www.familyhealthnetwork.com.
Contact: Tim Pittman, 919.539.8155 or timpittman@familyhealthnetwork.com
IBM and Business Partners Drive Client Success in the Cloud
IBM Launches New Programs to Help Partners Continue Growth
ARMONK, N.Y., Feb. 28, 2012 /PRNewswire/ -- IBM (NYSE: IBM) today rolled out a set of offerings geared towards helping its Business Partners more tightly integrate with the IBM SmartCloud by helping to connect them with customers, create new applications and improve their cloud computing skills. Expected to grow to more than $214 billion by 2020,* cloud computing has become a catalyst for capturing new business value through innovation, stronger customer relationships, and faster time to market while reducing cost and complexity.
IBM unveiled new resources for its 121,000 Business Partners, including:
-- Ready for IBM SmartCloud Services: This new program makes it easier for
clients to quickly find technology from Business Partners that is
certified for the IBM SmartCloud. In the new online directory, certified
Business Partner technologies are divided into categories such as
business applications, collaboration, development and test tools,
infrastructure services, and security and monitoring. This is enabling
IBM Business Partners to quickly ramp up and participate in the industry
shift to cloud computing. More information is available at: http://ibm.co/xhoNsr.
-- Tech Talk for Cloud Computing: IBM Business Partners can now enhance
their technical skills in cloud computing, with a monthly virtual
learning series by IBM developerWorks. The IBM Tech Talk for Cloud
Computing series will be taught by IBM and industry experts and is
available at: http://ibm.co/yJH2Ms.
-- Social Business Tool Kit: This new tool kit allows Business Partners to
integrate custom applications that interface with IBM SmartCloud for
Social Business services. Developers can use OpenSocial APIs to get
access to SmartCloud for Social Business profiles contacts, meetings,
files and communities data. Companies can add their own custom actions
to the SmartCloud for Social Business web experience. The tool kit is
available now at: http://ibm.co/zNqIYO.
-- SmartCloud Entry on IBM System x: IBM Business Partners can now help
small businesses experience cloud computing benefits with the new
lower-cost (~$60K USD list) reference configuration of SmartCloud Entry
on IBM System x. SmartCloud Entry is an easy to deploy, simple to use
offering that features a self-service portal for workload provisioning,
virtualized image management, and monitoring. This new configuration
provides a template for Business Partners to help clients deploy a
private cloud with a faster time-to-value.
IBM Business Partners Driving Client Success in the Cloud
These new resources come as IBM Business Partners are winning with cloud and are driving innovations for clients globally. IBM is also announcing two new collaborations with clients including the Swiss LINK Institute and Tele Ticket Service.
The Swiss LINK Institute, a leading market research firm is working with IBM Business Partner nViso to better understand consumer sentiment. nViso software uses video to capture the visible emotional responses people have while watching an advertisement online. Using the IBM SmartCloud and IBM analytics software, the images are analyzed for seven basic emotions. The results give the Swiss LINK Institute's clients a rich scientific insight into how people respond to brands and messages. For example, an insurance company could quickly understand how people in their target demographic respond to their brand as compared to that of their competitors. The results can also be divided by demographic or compared to competitors campaigns. Prior to this solution, businesses were only able to capture basic anecdotal impressions that relied on people's ability to recall emotional reactions.
Tele Ticket Service, a leader in online ticket sales, is working with IBM Business Partner Numius to better understand consumer buying patterns. Numius teamed with IBM Business Partners I.R.I.S. ICT and Ondit to develop an analytics solution in the cloud.
With this new system, Numius analyzes consumer buying trends in real-time, enabling Tele Ticket Service to offer event organizers the insight they need to improve sales. Now, instead of scheduling an event and predetermining venue, ticket prices and ticket volume based on best guesses, event organizers can plan and promote events based on real data - who is buying the tickets, at what price, what type of seat and historical buying patterns.
The combination of IBM and Numius technology is driving improved sales and customer satisfaction for Tele Ticket Service. For example, when selling tickets for a recent U2 tour, Tele Ticket Service used the real time analysis of sales to successfully make a case for a second concert to be added, doubling their revenue.
"Cloud computing is changing the very fabric of the enterprise. The cost effectiveness, security and simplicity it can bring to clients will make it easy for organizations to try new things and identify new growth opportunities," said Mark Hennessy, general manager of global business partners, IBM. "As greater adoption of cloud by the channel continues to build in 2012, there will be a number of things for Business Partners to consider, from choosing cloud services to offer as well as decisions around branding, training, and customer pricing models. IBM provides a simplified approach to help Business Partners make these decisions, and in turn, provide the solid foundation to adopt innovative cloud business models and generate new revenue streams."
More than 1,000 Business Partners are working with IBM on cloud computing projects. With the IBM Cloud Computing Specialty as the centerpiece of our partner programs, partners from all back grounds are re-inventing their businesses by aligning with one of the five cloud business models: Cloud Application Providers, Cloud Builders, Cloud Infrastructure Providers, Cloud Services Solution Providers and Cloud Technology Providers.
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** Source: Forrester Research Inc., "Sizing The Cloud, Understanding And Quantifying The Future Of Cloud Computing, by Stefan Ried, Ph.D., Holger Kisker, Ph.D., April 21, 2011.
SouthernLINC Wireless Introduces Motorola i867, the Newest Android-powered Push To Talk Smartphone for iDEN
ATLANTA, Feb. 28, 2012 /PRNewswire/ -- Motorola i867, the newest Android(TM)-powered smartphone with Push To Talk for the Integrated Digital Enhanced Network (iDEN), is now available from SouthernLINC Wireless, a Southern Company (NYSE: SO).
Using Motorola's iDEN technology that offers immediate, private communications, SouthernLINC Wireless combines Push To Talk (PTT) two-way radio, cellular service, mobile Web access, and text and picture messaging into one, hand-held device.
The new Motorola i867 is a slim, tablet-style smartphone that combines the immediate communication of Push To Talk with the power of Android(TM). The MOTOROLA i867 will keep users connected to their lives when they are on the go. With a simple and intuitive interface, Android 2.1, integrated GPS capabilities, corporate connectivity and built-in Wi-Fi®, the MOTOROLA i867 is ideal for on-the-go professionals, mobile families who want to stay connected, and social networkers who want to stay plugged in.
"The new i867 smartphone with PTT is the best of both worlds," said Rodney Johnson, vice president of sales and distribution for SouthernLINC Wireless. "Whether you choose the i867 for work, play, or both, the Motorola i867 lets you manage it all with best-in-class PTT and Android mobile technology."
The i867 is also packed with features, including voice commands, a music player, stereo Bluetooth® technology, a 3.5-millimeter stereo headset jack and a 3-megapixel camera. Store images, videos and music on the included 2-gigabyte microSD HC memory card, or replace it with up to a 32 GB card, sold separately, to hold even more data.
More than 400,000 applications are available to browse and download from Android Market(TM), and with five display screens providing quick access to frequently used items, there's room to personalize Motorola i867 with widgets and shortcuts.
The Motorola i867 can manage Microsoft® Exchange and POP3 mail accounts so users can connect to both personal and business email accounts. It also has dual microphones with noise cancellation to help make conversations clearer in noisy environments.
In addition, the rugged Motorola i867 is designed to meet Military Specification 810G for shock, vibration, temperature extremes, low pressure and solar radiation, giving users reliability and durability in some of the harshest environments.
"Another amazing thing about this phone is the price," stated Johnson. "We're giving customers the opportunity to experience the Motorola i867 for just $39.99 after mail-in debit card rebate with a 2-year service agreement on a So Easy service plan with unlimited data. At this price, why wouldn't you get a smartphone?"
Now through April 30, 2012, SouthernLINC Wireless is celebrating the launch of the Motorola i867 by offering one month of service on the So Easy Plus plan free with purchase of a Motorola smartphone and a 2-year agreement on the plan. The Motorola i867 can be purchased from SouthernLINC Wireless sales and service locations, through participating authorized SouthernLINC Wireless dealers, from SouthernLINC Wireless direct sales associates and online. Visit http://www.southernlinc.com/promoinfo. Additional Terms may apply.
About SouthernLINC Wireless
SouthernLINC Wireless, a Southern Company (NYSE: SO), is an Atlanta-based regional wireless carrier with network coverage in the major metro and rural areas of Alabama, Georgia, southeast Mississippi and northwest Florida. SouthernLINC Wireless combines multiple communication options, including Push To Talk two-way radio (PTT), cellular service, wireless Internet access, wireless data, and text and picture messaging, into one hand-held device. In addition to regional network coverage, the company offers nationwide access through roaming agreements for cellular, PTT, data, and text and picture messaging services in more than 540 cities throughout the U.S. For more information, please call 1-800-818-LINC (5462) or visit http://www.southernlinc.com.
About Southern Company
With 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are below the national average. Southern Company was named the World's Most Admired Electric and Gas Utility by Fortune magazine in 2011, and is consistently listed among the top U.S. electric service providers in customer satisfaction by the American Customer Satisfaction Index. Visit our website at http://www.southerncompany.com.
Android and Android Market are trademarks of Google, Inc.
Akamai and Riverbed Jointly Develop Innovative SaaS Acceleration Solution
Combined Best-in-Class Internet and WAN Optimization Technologies Deliver First of Its Kind Solution to Speed SaaS Application Performance over Hybrid Cloud Networks
BOSTON AND SAN FRANCISCO, Feb. 28, 2012 /PRNewswire/ -- Akamai® Technologies, Inc. (NASDAQ: AKAM) and Riverbed Technology (NASDAQ: RVBD) today introduced the Steelhead® Cloud Accelerator, a jointly developed solution that combines Akamai's innovative Internet optimization technology and market-leading Riverbed® wide area network (WAN) optimization technology to deliver end-to-end optimization for software-as-a-service(SaaS) applications. By combining the capabilities of the Akamai Intelligent Platform(TM) with the award-winning Riverbed WAN optimization technology, the companies will provide the industry's first solution to overcome the performance issues introduced by hybrid cloud networks, especially for organizations that need to reduce traffic on backhaul links, and obviate the need for bandwidth upgrades.
The Steelhead Cloud Accelerator is a subscription-based add-on to existing Steelhead appliance deployments and does not require any changes in the way the appliances are deployed nor any changes to the SaaS provider's infrastructure, regardless of where the application or end users are located, across any combination of physical, virtual and cloud infrastructures. Enterprises need only to deploy a single instance of the Steelhead Cloud Accelerator for each SaaS application to take advantage of the optimization from the jointly developed solution from Akamai and Riverbed. Steelhead Cloud Accelerator will provide optimizations for SaaS applications Google Apps, Salesforce.com® and Microsoft® Office 365[1].
Akamai and Riverbed offerings are already used separately today by more than 17,000 organizations, including many Fortune 500 businesses worldwide. Riverbed WAN optimization solutions are used by globally-connected enterprises to speed data transfers and accelerate the performance for the broadest range of applications businesses care about most. Akamai's globally-distributed network of more than 100,000 servers deployed in the cloud provides route, protocol and application layer optimizations for the Internet, and serves anywhere from 15-30 percent of all Web traffic at a given time.
The popularity of cloud-based services is growing within organizations of all sizes. According to Forrester Research[2], the SaaS market itself is expected to be more than $100 billion by 2017. "While attractive in many ways, the cloud introduces challenges around performance," said Eric Wolford, Executive Vice President and General Manager of Products at Riverbed. "To overcome application performance bottlenecks encountered in unpredictable cloud environments, the Steelhead Cloud Accelerator gives organizations global SaaS performance that feels local."
"Seadrill, a leading offshore deep water drilling company, wanted to take advantage of the economics, ease of management, accessibility and storing space offered by cloud technology and decided to centralize their enterprise applications using cloud computing. However, when employees logged into Office 365 in the morning, it could take as long as two hours before their mailboxes were fully synchronized and led to bandwidth constraints for other types of traffic due to saturated satellite links, often leaving users frustrated," said Pal Goran Johansen, Network Engineer, Harris Caprock Communication, a global provider of fully managed communications for remote and harsh environments. "Having reliable and consistent access to Office 365 was mission critical for communication and collaboration between its oil rigs, offices and headquarters. After testing the Steelhead Cloud Accelerator, response times with Office 365 dramatically improved and freed bandwidth for other traffic. The results showed that Seadrill employees would see significant benefit, as employees would be more productive and collaborative across its 45 oil rigs in EMEA, South America and North America, as well as its offices across the world."
"In order to unlock the cost savings promised by cloud services, organizations are seeking ways to make IT infrastructure more elastic by using multiple, geographically dispersed cloud deployments," said Melanie Posey, Research VP at IDC. "Bandwidth constraints and network latency impact IT infrastructure performance regardless of location -- private data centers or public cloud data centers. The Steelhead Cloud Accelerator solution offers organizations using hybrid cloud networks the same level of accelerated application performance previously possible only in the public Internet with Akamai or in private cloud environments with Riverbed."
"As a global specialist in energy management with operations in more than 100 countries, we have more than 16,000 users that access Salesforce.com, including those employees that process orders and handle customer service. Backhaul Internet connections that route users across the private WAN before accessing the public Internet introduces additional distance, latency and consumes additional bandwidth, making accessing Salesforce.com problematic," said Lionel Marie, Lead Architect for Global WAN Acceleration at Schneider Electric. "Overcoming the performance challenges was critical for us to effectively process customer orders and provide excellent customer service. We deployed Steelhead Cloud Accelerator to evaluate the solution from Paris and backhauled to the Salesforce.com data center in the US and achieved 80 percent data reduction while utilizing 6x less bandwidth. The test results are really encouraging and demonstrate that the joint solution from Akamai and Riverbed can avoid a costly bandwidth upgrade and address the performance challenges we are encountering."
The Riverbed Optimization System (RiOS®) software that powers Steelhead products is activated on the Akamai Intelligent Platform when a customer subscribes to the Steelhead Cloud Accelerator solution. A version of RiOS enhanced to connect with the Steelhead Cloud Accelerator solution is also installed on the customer's Steelhead solution within their own network. After both instances of RiOS connect, customers can benefit from dramatic performance improvements for a variety of SaaS applications.
"Leveraging existing Riverbed WAN optimization deployments in corporate networks and the globally distributed Akamai Intelligent Platform for Internet optimization, organizations can realize immediate value without having to deploy any new hardware," explained Willie M. Tejada, Senior Vice President & General Manager of the Enterprise Cloud Division at Akamai. "With our joint solution, Riverbed and Akamai are ensuring the best user experience for any application, any user, located anywhere, essentially bringing the cloud closer to the end user."
The three SaaS applications initially supported by Steelhead Cloud Accelerator include:
Google Apps
Google Apps brings simple, powerful communication and collaboration tools to organizations of any size so that users can stay connected and work together with ease - all hosted by Google to streamline setup, minimize maintenance, and reduce IT costs.
Salesforce.com
Salesforce.com, the enterprise cloud computing company, provides a trusted cloud platform and SaaS applications including its flagship CRM solution, which helps more than 100,000 organizations collaborate easily and connect with customers.
Microsoft Office 365
Microsoft delivers the power of cloud productivity by bringing together online versions of its most trusted communication and collaboration products - business-class e-mail, Web conferencing, instant messaging, document collaboration and workflow all designed to work together seamlessly - with the security, reliability, and control organizations of all sizes require, helping to save time, money and free up valued resources.
Availability: Steelhead Cloud Accelerator is expected to be generally available in Q1 2012.
About Akamai
Akamai® is the leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere. At the core of the Company's solutions is the Akamai Intelligent Platform(TM) providing extensive reach, coupled with unmatched reliability, security, visibility and expertise. Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud. To learn more about how Akamai is accelerating the pace of innovation in a hyperconnected world, please visit http://www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
Akamai Statement Under the Private Securities Litigation Reform Act
This release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the inability of Akamai and Riverbed technologies to effectively interoperate as planned, a lack of market acceptance of, or demand for, hybrid cloud solutions like the Steelhead Cloud Accelerator, failure of Akamai services to operate as expected or to address intended market needs, a failure of Akamai's network infrastructure, and other factors that are discussed in Akamai's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
Forward Looking Statements
This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, statements regarding performance results of Riverbed solutions and customer cost savings following implementation of Riverbed solutions, including the Steelhead Cloud Accelerator, that may suggest likely or certain outcomes, and statements relating to Riverbed's ability to meet the needs of distributed organizations. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include our ability to react to trends and challenges in our business and the markets in which we operate; our ability to anticipate market needs or develop new or enhanced products to meet those needs; the adoption rate of our products; our ability to establish and maintain successful relationships with our distribution partners; our ability to compete in our industry; fluctuations in demand, sales cycles and prices for our products and services; shortages or price fluctuations in our supply chain; our ability to protect our intellectual property rights; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Riverbed's business are set forth in our Form 10-K filed with the SEC on February 10, 2012. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements. Any future product, feature or related specification that may be referenced in this release are for information purposes only and are not commitments to deliver any technology or enhancement. Riverbed reserves the right to modify future product plans at any time.
About Riverbed
Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization. Additional information about Riverbed (NASDAQ: RVBD) is available at http://www.riverbed.com.
Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners.
MEDIA CONTACTS
Rob Morton
Akamai Technologies
617-444-3641
rmorton@akamai.com