Tech News
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t0.com Completes Another Successful Production Beta Test of Its Software
SALT LAKE CITY, Oct. 15, 2015 (GLOBE NEWSWIRE) -- t0.com, a majority-owned subsidiary of Overstock.com, Inc. (NASDAQ:OSTK) today announced it successfully completed another production beta test of its t0 software, by successfully using the bitcoin blockchain to record evidence of compliance with SEC Regulation SHO before a trader can engage in a short-sale. When fully operational, a platform operating the t0 software and the information being recorded on the blockchain, will bring unprecedented levels of transparency and fairness to the otherwise opaque world of stock lending.
"The blockchain is the most important financial development of our lifetimes," said t0.com CEO Patrick M. Byrne. "While others theorize about the innovations this new technology can usher in, t0 is taking action and proving the concept daily, including using it to crack open the notoriously inaccessible black box of securities lending. This is further evidence of the world-historical potential of distributed, cryptographically secured ledgers."
According to Byrne, "When up and running, each Pre-borrow Assured Token will provide the purchaser a valid locate satisfying the SEC's Regulation SHO requirements. These tokens will be auctioned nightly in a Dutch auction using t0 software and the transaction will be recorded on the blockchain. In the process, the arcane world of stock loan receives sunlight."
Earlier this week, hedge fund Clique Fund, LP, participated in the testing to purchase locates for all 30 Dow Jones Industrial Average stocks.
"As I have said publicly ad nauseam, I have no objection in principle with short selling when done legally," said Byrne. "Our introduction of the Pre-borrow Assured Token will solve a problem for the beneficial owners, by bringing their inventory into a transparent market; it will solve a problem for the short seller, who will be able to borrow in a transparent market; and it will solve a problem for regulators, who for several years have taken a more aggressive stance regarding this mischief than they did a decade ago, I feel obliged to acknowledge. Unfortunately, a few bad apples spoil the barrel. That barrel needs a good scrubbing, and that's what our Pre-borrow Assured Token will do."
Access to t0.com's Pre-borrow Assured Tokens (PAT), when available, will be limited to qualified institutional buyers that are also qualified purchasers. This media release is neither an offer to sell nor the solicitation of an offer to buy PATs or any other securities, and there shall not be any offer to sell, solicitation of an offer to buy or sale of PATs in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale is unlawful. Any offers of the PATs will be made only in accordance with applicable securities laws.
For additional information and to join the Pre-borrow Assured Token waiting list, email inquiries@t0.com.
About t0.com
t0.com is an assumed name for Medici, Inc., which is a majority-owned financial technology subsidiary of Overstock.com, Inc. (NASDAQ:OSTK). Overstock is an online shopping retailer based in Salt Lake City, Utah that sells a broad range of products at low prices including furniture, rugs, bedding, electronics, clothing, and jewelry. Overstock's OLabs department is the emerging businesses incubator for financial services and other initiatives.
CONTACT: Media Contact: Kirstie Burden, Overstock.com, Inc. +1 (801) 947-3116 kirstie@overstock.com Investor Contact: Mark Harden, Overstock.com, Inc. +1 (801) 947-5409 mharden@overstock.com
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Aptean Enters Healthcare Industry With Acquisition of Medworxx Solutions, Inc.
ATLANTA, Oct. 15, 2015 (GLOBE NEWSWIRE) -- With the completion of its acquisition of Medworxx Solutions Inc., Aptean announced today its entrance into the healthcare industry. Medworxx is a leading provider of clinical patient flow, compliance and education solutions to more than 350 hospitals internationally, including Canada, France, the United States and the United Kingdom.
“Aptean is pleased to welcome Medworxx to our suite of solutions, extending our enterprise software expertise to the healthcare sector,” said Kim Eaton, Aptean CEO. “The mission-critical software Medworxx provides to hospitals fits well with our strategy of providing our customers with vertically-focused, valuable, and trusted technology solutions. We look forward to continuing to provide exceptional support to Medworxx’s existing customer base, and helping Medworxx advance their growth and expansion into international markets with the support of Aptean’s extensive global capabilities, partner network, and software experience.”
Medworxx’s flagship product, Patient Flow, focuses on helping hospitals meet bed utilization challenges, by providing a standardized, evidenced-based clinical criteria solution to improve patient experience while reducing wait times and length of stay. Software-enabled patient assessments conducted daily, in less than two minutes, help ensure that patients are receiving the right care at the right time in the right place. The Patient Flow platform includes three operational solutions (Clinical Criteria, Forms and Assessments, Bed Management) which work together to provide real-time analytics that assist with addressing patient throughput and capacity management challenges. Medworxx also provides hospitals learning management and document management tools to help support healthcare requirements in compliance and education.
“Aptean’s strong operational efficiencies and deep understanding of delivering superior enterprise software solutions will enable us to accelerate our continuing efforts to advance our growth internationally,” said Dan Matlow, Medworxx President and CEO. “Leveraging Aptean’s strengths gives us the vital resources we need to evolve strategically and bring key innovations to our products and services, enhancing our ability to help our customers achieve their goals and objectives.”
About Medworxx
Medworxx delivers health information technology solutions to over 350 hospitals internationally, including Canada, United States, United Kingdom, France and Australia. Medworxx helps hospitals meet patient flow challenges and requirements for compliance and education. Medworxx Clinical Criteria — the flagship component of Medworxx Patient Flow, which also includes electronic bed management and independent assessment components — is currently used to manage 32% of the acute-care beds in Canada as well as acute-care beds in the United States and a rapidly increasing number of beds in Trusts and CCGs in the UK. Founded in 2004, Medworxx Inc. is based in Toronto, Canada. For more information, visit: www.medworxx.com.
About Aptean
Aptean is a leading provider of industry-focused mission critical enterprise software solutions. We build and acquire solutions to support the evolving operational needs of our customers. Our solutions help nearly 5,000 organizations stay at the forefront of their industries by satisfying their customers and continuing to operate more efficiently. For more information, visit www.aptean.com.
CONTACT: FOR MORE INFORMATIONMedia RelationsMelissa Floyd, Apteanmelissa.floyd@aptean.com
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Study Shows Metrics-Based Comp Helps Firms Retain Partners
ATLANTA, Oct. 15, 2015 (GLOBE NEWSWIRE) -- By using more objective than subjective methods when making compensation decisions, law firms can largely address partner dissatisfaction without simply distributing more cash, a recent Aderant report reveals. Concluding a six month research project, the legal software company released a new white paper today titled "Your Partner Compensation System Can Be Better: Here's How," which examines the most common remuneration challenges faced by law firms.
Determining the best compensation strategy for partner recognition and motivation has become a debate among law firms worldwide. Early in 2015, Aderant embarked on a research study on the topic, involving a review of industry studies, interviews with industry experts and five Aderant Leaders in Law events held around the U.S. attended by managing partners and senior leaders at more than 50 top U.S. law firms.
For the research project, Aderant focused on the following key questions:- How are law firms currently structuring their partner compensation systems?
- Which models are the most widely used, and why?
- What are some of the primary challenges firms face in determining partner compensation?
- Which measurements are firms using to determine remuneration?
The white paper released today reports on Aderant's research, which revealed dramatically different approaches to partner compensation in North America versus Europe. Confirming findings in prior industry studies, Aderant determined that a growing number of equity partners are not satisfied with their firm's compensation system and would like to see changes made. Interestingly, this partner dissatisfaction seems to be true even if the types of partner compensation systems in question are vastly different.
Aderant also concluded that compensation plans based on objective analytical data appear to be best practice among top firms. Firms that use actionable data metrics as part of their model are able to provide partners with clear and accurate explanations for their decisions. In the midst of the current trends of high-level lateral poaching, dissatisfied partners will likely start evaluating their options, and may end up joining the growing wave of lateral defections. By evaluating partner performance using clear metrics, Aderant determined firms can increase transparency and abate suspicions that the compensation process is arbitrary or unfair.
"Compensation is a difficult business issue regardless of the company or level of employee," commented Ian Oxman, VP of Marketing. "For law firms, partner compensation becomes a strategic issue as it can drive retention, recruitment and ultimately revenue. For long term growth, firms need to get partner compensation right."
Aderant Leaders in Law research will continue to explore important strategic issues impacting the business of law and help enable firms for success now and in the future. The full research report is available for free download on the Aderant website, www.aderant.com.
A video companion to this press release is available on Vimeo and YouTube.
About Aderant
Aderant, headquartered in Atlanta, is a global provider of comprehensive business management software for law and other professional services firms. With a 35-year history as a global industry leader, Aderant supports nearly 3,200 clients in more than 30 countries, representing 77 of the top 100 Global Law Firms and more than 88 percent of the Am Law 200. Aderant maintains a combined customer retention rate of more than 95 percent and a customer support Net Promoter Score of 81. Aderant's complete suite of solutions includes: business development, calendar/docket matter management with built-in court rules, practice and financial management, time and billing, case management, document management, and business intelligence. More information is available at www.aderant.com.
Aderant and Aderant Expert are registered trademarks of Aderant Holdings, Inc. All other trademarks mentioned herein are the properties of their respective owners including, if so indicated, Aderant Holdings, Inc. or its subsidiaries.CONTACT: Megan Hall Aderant Public Relations, North America megan.hall@aderant.com 404-889-8553
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ShipTrack Expands Revenue Generating Opportunities In Home Delivery
OTTAWA, ON, Oct. 15, 2015 (GLOBE NEWSWIRE) -- ShipTrack, an innovative track and trace platform designed to provide complete control and visibility over any shipment's movement worldwide, today announced the release of new functionality that helps differentiate a transportation carrier's business in the eyes of consumers with value-added services (VAS) for last mile delivery.
ShipTrack continually strives to improve our users' return-on-investment by consulting with customers and partners to gain a greater understanding of what businesses need today from a transportation management system. This led to the inclusion of more flexible business rules that reflect the changing business needs and growing expectations of e-tailers, manufacturers/wholesalers, logistics/delivery firms as well as their customers.
By offering white glove delivery services, businesses maximize customer loyalty while at the same time developing new sources of revenue. ShipTrack's customizable business rules that enable a range of white glove services such as assembly, installation and item removal means an opportunity to change the economics of what has traditionally been the most expensive leg of transportation delivery services.
ShipTrack has always been an easy-to-use transportation management system with clearly defined and simplified functions based on proven processes. The new value added services module means simple daily tasks can be handled even more efficiently. This streamlines communication processes, reduces administrative tasks for businesses by enabling drivers to update shipment details at the point of delivery. ShipTrack's added flexibility means more ways for users to develop and sustain competitive advantage.
Vice President of Business Development at ShipTrack, Brock Gourlay said that ShipTrack remains committed to developing solutions that help business owners improve their business processes and drive profitable growth.
"In developing the latest release, we have consulted with business owners and delivered a practical enhancement to our platform aimed at enabling businesses to operate more efficiently while still maintaining the ease of use they have gown to expect with ShipTrack," Gourlay said.
E-tailers, manufacturers/wholesalers and logistics/delivery firms will improve business processes while also providing a higher level of customer service, ultimately improving overall return on investment. Business owners can spend more time making decisions that impact profitable growth and less time focused on day to day operations. Importantly, delighted online shoppers who increasingly view their delivery experience as an extension of their e-tailer's brand, are more likely to remain loyal.
Please contact info@shiptrackapp.com for a free 30 day, no obligation trial or to request a live demo.
About ShipTrackShipTrack is an innovative logistics management platform that provides complete control and visibility of any shipment's movement worldwide. ShipTrack enables vendors all over the world to provide complete visibility and control that their customers demand of their deliveries. ShipTrack is a simple, easy-to-use service that is providing highly accurate shipment tracking to the masses. The shipping system has the potential to benefit companies of all sizes by increasing delivery speed and reliability, improving customer service and retention and streamlining operations. The ShipTrack smartphone app is a real-time shipment tracker that allows for easy management of multiple drivers, deployment of a fully branded web portal, and the collection of valuable reports and business metrics. ShipTrack is for everyone.
A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=36922
CONTACT: Shawn Winter Chief Marketing Officer shawn.winter@shiptrackapp.com 613.670.1133
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Asylum Review Block: Z170 All Around
I ranted a bit about Skylake and the Z170 chipset in the latest Hardware Asylum Podcast noting that due to some changes in the USB implementation didn't work well with Windows 7. There are more of an annoyance really but the issues don't stop there since many games fail to run on Skylake due to shoddy DRM and some classic benchmarks throw random BSODs.
Heck I got BIOS corruption once requiring a reflash. Issues aside the motherboards are still quite good.
Web Reviews:
- MSI Z170A XPOWER GAMING TITANIUM Review @ Vortez
- ASUS Z170 ROG Maximus VIII Extreme review @ Guru3D
- EVGA Z170 FTW Motherboard Review @ Legit Reviews
- MSI Z170A XPOWER GAMING TITANIUM EDITION Review @ [H]
- EVGA Z170 Stinger Motherboard Review @ Hardware Slave
- Gigabyte GA-Z170X-GAMING G1 (Intel LGA-1151) @ techPowerUpI have a couple of boards in the lab going through the paces so stay tuned, those reviews will be going live soon.
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PowerColor DEVIL R9 390X Review @ Vortez
Ohhh the elusive Devil card. I got to see a couple of these at Computex and sadly they are still super rare with only their name to keep up the hype.
It was at Computex 2015 that PowerColor announced its DEVIL R9 390X and today we have the pleasure of taking a look at this rather unique piece of kit. Featuring a hybrid cooling solution, DEVIL uses a blend of water and air to effectively cool its Grenada XT GPU and VRM configuration. An aggressive design sets this card apart from others and as well as a custom cooling solution, also boasts a factory overclock.
It almost makes you wonder if the DEVIL cards are really that good or all marketing hype. Short of buying one (assuming I can find one) I'm not sure anyone of us will ever know.
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KeyedIn(R) Launches All-New Cloud ERP at FABTECH 2015
MINNEAPOLIS, Oct. 15, 2015 (GLOBE NEWSWIRE) -- KeyedIn® Solutions, an innovator in aPaaS and SaaS-based business solutions, today announced that it will launch an all-new KeyedIn Manufacturing Cloud ERP solution at FABTECH 2015, North America's largest metal forming, fabricating, welding and finishing event. KeyedIn executives will also participate in conference sessions on manufacturing technologies at the event taking place November 9-12 at McCormick Place in Chicago.
KeyedIn Manufacturing Cloud ERP solution was developed to connect systems, processes and people, giving modern manufacturing enterprises greater visibility, easier access to decision-driving information and the agility to quickly adjust to changes in demand. "We offer the ability to connect and access data anytime, from anywhere, so there are no surprises. Everyone – from the business and operations, to production and the supply chain – has instant access to information they need to assess priorities, make decisions and drive performance," notes Kevin Hurley, KeyedIn EVP of Technology. "We even put planning back into ERP with the industry's most powerful manufacturing resource planning (MRPII) tool that provides instant visibility into both the supply and demand side, as well as progress toward available to promise dates." The software comes complete with a flexible open API for easy integration to other systems and applications, making KeyedIn Manufacturing Cloud ERP a single source for complete, accurate information. It also offers configurability and solution extendibility unlike any other ERP platform available, giving manufacturers a flexible solution that will conform to the unique way they do business.
"FABTECH is the venue we chose for introducing the all-new KeyedIn Manufacturing Cloud ERP solution," said Lauri Klaus, CEO and Co-Founder of KeyedIn Solutions and long-time FABTECH supporter. "Cloud technology enables innovation like never before and the new KeyedIn Manufacturing ERP exemplifies this; giving manufacturers unprecedented connectivity packaged with powerful production and planning tools. In fact, KeyedIn Manufacturing is designed specifically for the production manufacturer. FABTECH attendees will welcome these capabilities."
At the conference, Klaus will present the session, How the Cloud is Changing the Business of Manufacturing, drawing upon her years working with various manufacturing software systems and discussing why and how manufacturers are evolving to the Cloud today. Following the session on November 9 at 10:30 AM CDT, attendees will gain a clear understanding of Cloud terminology and basic functionality, the direct and immediate benefits of Cloud computing and best practices for evaluating Cloud technologies – along with practical tips on how to get started.
KeyedIn senior consultant and FMA Software Technology Council member, Bob Radder, was also asked to participate in FABTECH conference sessions. Radder will participate in a panel titled, Maximizing Your ERP Scheduling Tool, discussing scheduling issues and reviewing a case study with participants. The ERP panel is scheduled for 8:00 AM CDT on November 9.
More information about KeyedIn and KeyedIn Manufacturing Cloud ERP is available at www.keyedin.com. KeyedIn will be demonstrating KeyedIn Manufacturing and how the Cloud transforms ERP capabilities at FABTECH in booth S2186.
About KeyedIn® SolutionsKeyedIn Solutions helps organizations simplify business processes, improve performance and drive results through an innovative combination of aPaaS and SaaS business solutions. These applications were developed in the Cloud for the Cloud, to capitalize on the exclusive benefit only the Cloud can offer.
The company's SaaS-based business systems include KeyedIn Manufacturing, a configurable Cloud ERP software that drives operational excellence for manufacturers, and is designed exclusively for production manufacturing. KeyedIn Projects is a strategy-led and execution-driven project management solution that aligns organizations with complete visibility for effective Project Portfolio Management (PPM) as well as drives utilization, profitability and performance to achieve growth with Professional Services Automation (PSA). KeyedIn Konfigure™ aPaaS is transforming custom enterprise-level application development, building new business systems and system components with greater speed, agility, and innovation.
When businesses need results fast, they look to the Cloud – and turn to KeyedIn Solutions. You should too. Keep up with us at keyedin.com, Twitter @KeyedInMFG, Facebook; or LinkedIn: KeyedIn Solutions, Inc.
Contact:
Debbie Breemeersch
Sr. Director of Marketing
1-866-662-6820
dbreemeersch@keyedin.com
A photo accompanying this release is available at:http://www.globenewswire.com/newsroom/prs/?pkgid=36915
CONTACT: Debbie Breemeersch Sr. Director of Marketing 1-866-662-6820 dbreemeersch@keyedin.com
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Nexant to Present Smart Grid Webinar Hosted by IEEE Smart Grid
SAN FRANCISCO, Oct. 15, 2015 (GLOBE NEWSWIRE) -- Nexant Principal Josh Schellenberg will review current practices for measuring customer interruption costs and incorporating them into reliability and resiliency planning during an upcoming webinar, Using Customer Reliability Benefits to Support Business Cases for Smart Grid Investments, hosted by IEEE Smart Grid.
This IEEE Smart Grid webinar, part of a series on varying aspects of grid modernization globally, will summarize two distribution automation case studies and include an example from the Interruption Cost Estimate (ICE) Calculator, a publicly available online tool developed by the U.S. Department of Energy, Lawrence Berkeley National Laboratory and Nexant.
The complimentary, one-hour webinar will take place from 1:00 – 2:00 p.m. Eastern Daylight Time on
October 15, 2015. To register, click here.
Schellenberg, Principal at Nexant, is a recognized expert in estimating customer interruption costs and incorporating customer benefits into utility reliability planning. Schellenberg has designed, managed and analyzed multiple interruption cost surveys for large North American utilities, the results of which have informed key regulatory proceedings. For a Lawrence Berkeley National Laboratory study on the value of service reliability, he estimated an econometric model of power interruption costs for residential and C &I customers across the U.S. Schellenberg took the lead on building this econometric model into the Interruption Cost Estimate (ICE) Calculator, a DOE-sponsored online tool that utilities use to assess the value associated with reliability investments.
About IEEE Smart GridIEEE Smart Grid provides expertise and guidance for individuals and organizations involved in the modernization and optimization of the power grid. IEEE Smart Grid brings together IEEE's broad array of technical societies and organizations through collaboration to encourage the successful rollout of technologically advanced, environment-friendly and secure smart grid networks around the world. Learn more at smartgrid.ieee.org.
About NexantNexant is a global software and services company that helps utilities navigate a changing landscape and enable the implementation of smart grid, clean energy and demand management initiatives. Nexant solutions help utilities embrace a customer-centric model that aligns strategic planning, grid operations and demand side management to improve customer engagement, boost operational efficiency, reduce costs and achieve superior business results. See nexant.com for more.
CONTACT: Media Contact Heatheryn Higgins, Nexant Director of Communications +1.303.998.2474 hhiggins@nexant.com
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LabTech Software Announces New Security Solutions Offering From Symantec
TAMPA, Fla., Oct. 15, 2015 (GLOBE NEWSWIRE) -- LabTech Software®, the developer of the world's most powerful IT automation platform designed to streamline IT service delivery, has announced the availability of a new integrated solutions offering, Symantec™ Endpoint Protection. Designed to efficiently protect information and maintain security, Symantec Endpoint Protection integrates with LabTech and is now available to be purchased directly through LabTech Software.
"LabTech Software is dedicated to increasing the breadth and depth of our third party product offering to meet the diverse needs of IT service providers," said Matt Nachtrab, CEO of LabTech Software. "We are excited to begin offering this solution from Symantec, a true industry leader. Through the integration of this product, LabTech Software continues to set the standard for RMM platforms by delivering unparalleled security, allowing administrators to focus on providing their customers with an excellent user experience."
With solutions designed to provide comprehensive security, leading performance, and smarter information management across both physical and virtual environments, Symantec is a global technology leader. For the first time, IT professionals are able to purchase Symantec products through LabTech Software.
"We are thrilled to continue partnering with LabTech Software to help extend Symantec's threat protection to our joint managed service provider partners and now provide the option to purchase directly from LabTech," said Stephen Thomas, vice president, Americas channel sales at Symantec. "Through these integrations partners can help protect their customers' endpoints leveraging Symantec's innovative global intelligence network – proactively identifying and stopping known and unknown threats. Plus, standardization between Symantec and LabTech will provide partners more consistent service delivery, client protection and business scalability."
LabTech Software strives to extend the value of the LabTech RMM platform for its partners by aligning with industry-leading technology providers to offer integrated solutions. Each new product offered integrates with LabTech to leverage the power of automation and provides IT providers with more choices to suit their specific needs. Recently becoming the only RMM platform in the industry to integrate with world-class ScreenConnect® remote access technology, LabTech Software has time and again reaffirmed its commitment to helping its partners create new opportunities and generate revenue.
To learn more about the newest partner solutions, please visit:
Symantec Endpoint Protection: www.labtechsoftware.com/symantec-security
LabTech Integrated Solutions: www.labtechsoftware.com/vendor-solutionsFollow LabTech Software
www.facebook.com/labtechsoftware
www.twitter.com/labtechsoftware
www.youtube.com/user/labtechsoftware
About LabTech SoftwareDesigned and developed by system administrators with years of experience in the IT services industry, LabTech's focus is to drive the power of IT automation. With more than 5,000 partners and nearly 5 million agents sold, LabTech is quickly becoming the preferred tool of IT professionals worldwide. Whether you're an experienced IT managed service provider (MSP) managing client networks or a corporate IT department managing internal networks, LabTech will enable you to significantly improve your productivity and efficiency by leveraging the power of IT automation. LabTech is the most powerful, feature-rich and widely-sought IT automation platform in the IT service provider space today. For more information please visit www.labtechsoftware.com or call 877-522-8323.
Copyright © 2015 LabTech. All Rights Reserved. ScreenConnect is a registered trademark of ScreenConnect Software, LLC. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
CONTACT: Amy Legere Greenough for LabTech Software alegere@greenough.biz 617.275.6517
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UBIC Obtains Japanese Patent for Context Clustering
TOKYO, Oct. 15, 2015 (GLOBE NEWSWIRE) -- UBIC, Inc. (Nasdaq:UBIC) (TSE:2158) ("UBIC" or "the Company"), a leading provider of international litigation support and big-data analysis services, today announced that the Japan Patent Office has recently issued a Notification of Decision of Grant to the Company for a patent application related to "Context Clustering." The technology underlying the clustering function categorizes similar emails into groups to enhance the efficiency of review management. This new technological function is a manifestation of UBIC's innovative concept called "Behavior Informatics."
The necessary procedures for patent registration have already been executed, and the patent is currently pending issuance.
Patent application number: 2012-263086
Patent application filing date: November 30, 2012
To win a case involving eDiscovery and digital forensics, a significant amount of time is required to review a massive amount of electronically stored information (ESI), and it largely consists of emails. Reviewing individual messages out of context makes it difficult to assess their importance. Reviewers can easily lose track of the big picture, causing a slowdown in the overall productivity of the document review process.
UBIC's new clustering function covered by this patent can calculate the similarity between email threads by taking their metadata into account, such as the sender, delivery date and subject, and cluster them into groups based on similarities. In other words, e-mails are organized into coherent groups which can be assessed by reviewers one at a time, facilitating a more systematic and holistic workflow. In addition, to get the most out of UBIC's Lit i View technology, users can apply Context Clustering together with Predictive Coding®, which goes beyond metadata and enables users to pinpoint specific e-mail content that has been flagged as particularly relevant to the case.
The analytical framework covered by this patent will be implemented in the products of Lit i View®, a platform for big data analysis.
"We believe that this patent is a testament to the superior innovation that underlies the highly-accurate document analysis provided by UBIC," stated UBIC Chairman and Chief Executive Officer Masahiro Morimoto. "In this advanced digital age, when the processing of vast volumes of data is necessary, our cutting-edge technology will open up new business frontiers, such as corporate fraud investigation and email auditing. UBIC aims to provide data analysis solutions in a broad range of new fields, including health care, intellectual property evaluation support and national security. By further honing our AI-based technologies and expanding our portfolio of intellectual properties, UBIC will continue to provide additional value-added eDiscovery services to customers worldwide."
About UBIC, Inc.
UBIC, Inc. (Nasdaq:UBIC) (TSE:2158) supports the analysis of big data based on behavior informatics by utilizing its technology, "VIRTUAL DATA SCIENTIST" or VDS. UBIC's VDS technology is driven by UBIC AI based on knowledge acquired through its litigation support services. The VDS incorporates experts' tacit knowledge, including their experiences and intuitions, and utilizes that knowledge for big data analysis. UBIC continues to expand its business operations by applying VDS to new fields such as healthcare and marketing.
UBIC was founded in 2003 as a provider of e-discovery and international litigation support services. These services include the preservation, investigation and analysis of evidence materials contained in electronic data, and computer forensic investigation. UBIC provides e-discovery and litigation support by making full use of its data analysis platform, "Lit i View®", and its Predictive Coding technology adapted to Asian languages.
For more information about UBIC, contact usinfo@ubicna.com or visit http://www.ubic-global.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the amount of data that UBIC expects to manage this year and the potential uses for UBIC's new service in intellectual property-related litigation, contain forward-looking statements. UBIC may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about UBIC's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: UBIC's goals and strategies; UBIC's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, UBIC's services; UBIC's expectations regarding keeping and strengthening its relationships with customers; UBIC's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where UBIC provides solutions and services. Further information regarding these and other risks is included in UBIC's reports filed with, or furnished to the Securities and Exchange Commission. UBIC does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and UBIC undertakes no duty to update such information, except as required under applicable law.
CONTACT: UBIC Global PR UBIC North America, Inc. Tel: (212) 924-8242 global_pr@ubic.co.jp
