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700-038 exam Dumps Source : Advanced Collaboration Architecture(R) bailiwick Engineer

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Cisco Cisco Advanced Collaboration Architecture(R)

LaSalle solutions Renews Cisco advanced Collaboration structure Specialization | killexams.com true Questions and Pass4sure dumps

ROSEMONT, sick., March 06, 2018 (GLOBE NEWSWIRE) -- LaSalle solutions, a leading issuer of know-how lifecycle administration capabilities, introduced these days that it has renewed its Cisco superior Collaboration architecture Specialization. The specialization recognizes that LaSalle has again fulfilled the practicing requirements and software necessities to promote, design and set up comprehensive Cisco Collaboration solutions.

As a Cisco advanced Collaboration Specialization companion, LaSalle solutions has proven its capacity to give refined, price-brought Cisco options through in-depth income capabilities, expertise talents and repair offerings. Cisco superior Specialization partners travail with modern and present technologies to align components of those architectures with their customers’ strategic desires, helping radically change traffic techniques, enhance organizational efficiency and hasten up the time to market.

“we're proud to again achieve advanced Collaboration architecture Specialization from Cisco,” mentioned Steven Robb, president of the solutions community at LaSalle solutions. “Our customers materialize to us for assist improving collaboration across their corporations. This specialization is as a result the complicated travail LaSalle options puts in every 12 months to ensure that they gain the most desirable technologies and potential to bring up customer collaboration recommendations to extra sustainable, unified solutions.”

About LaSalle options

founded in 1980, LaSalle solutions is a number one company of technology lifecycle asset management features. LaSalle permits its consumers to enhance their technology operations via improved techniques, management and reporting for improved planning and return on investment. LaSalle options’ procedures, staggering client service and powerful, market-leading cloud-based mostly toolset, LAMP, enable purchasers to gleam greater company effects through transparency and respectable effects at their fingertips.

LaSalle options is a division of MB machine Finance LLC, a subsidiary of MB monetary bank, N.A., a industrial pecuniary institution headquartered in Chicago. MB fiscal Inc. is the publicly traded holding company for MB economic pecuniary institution, N.A. and is traded on the NASDAQ as “MBFI.”

For more tips on LaSalle options, gratify discuss with www.elasalle.com and www.YouTube.com/LaSalleSolutions.

LaSalle options and LAMP are registered logos of LaSalle solutions in the u.s..


LaSalle solutions once more Achieves superior Collaboration architecture Specialization From Cisco within the united states | killexams.com true Questions and Pass4sure dumps

ROSEMONT, IL--(Marketwired - March 03, 2015) - To usher the increasing function of collaboration solutions that leverage the intelligence of the community, LaSalle options introduced these days that it has done the superior Collaboration architecture Specialization from Cisco. This specialization acknowledges LaSalle solutions as having fulfilled the practising requirements to sell, design and installation comprehensive Cisco® Collaboration architecture solutions.

As a Cisco superior Collaboration structure really expert associate, LaSalle solutions has invested within the practicing required to bring differentiated enterprise value through the integrated, open foundation of the collaboration architecture. Cisco advanced Collaboration structure really agreeable partners travail with modern and current applied sciences to align add-ons of this architecture with their customers' strategic desires, helping transform enterprise procedures, enhance organizational efficiency and accelerate the time to market.

"we are proud to once more obtain the Cisco superior Collaboration structure Specialization," says Steven Robb, President of the solutions community at LaSalle solutions. "This continuing education and partnership is a mutual ongoing dedication, as Cisco requires annual renewal for this and many other specializations. we are proud to continue their dedication, and feel this awareness displays their dedication to offering the team, strategies and outfit to bring the superior options their clients gain advance to reckon on, and allow us to exceed expectations to meet trendy company challenges and build their aggressive facet."

The Cisco Resale Channel software offers companions with the working towards required to construct earnings, design and technical talent and then validates their edge via a third-birthday party audit.

This recertification builds on several Cisco-connected milestones LaSalle options has in the past performed, including:

  • Cisco US services associate of the yr: present
  • client pride Excellence Gold celebrity: existing, 40 Consecutive Quarters. 
  • Cisco® Gold certified partner
  • Cisco master Unified Communications Specialization
  • Cisco master security Specialization
  • global accomplice network companion
  • superior records middle architecture Specialization
  • superior without borders community structure Specialization 
  • ATP - Cisco TelePresence Video superior
  • ATP - data Virtualization Reseller
  • ATP - energy management Suite Integrator
  • ATP - identity capabilities Engine
  • Cisco capabilities companion of the 12 months, vital location: 2010 - 2013
  • About LaSalle solutions

    founded in 1980, LaSalle options is a number one issuer of lifestyles-cycle management functions for know-how and capital property. These features encompass acquisition and financing, IT asset administration, maintenance compress administration, remarketing and disposition. LaSalle options' strategies, wonderful consumer service and strong, market-leading cloud-based toolset, LAMP, permit clients to greater economically and with no exertion maneuver and draw to satisfy their goals.

    LaSalle solutions is an independently operated enterprise and a subsidiary of MB economic pecuniary institution, a publicly traded Chicago-based mostly pecuniary institution holding company. MB monetary is traded on the NASDAQ as "MBFI".

    For more assistance on LaSalle options, gratify quest counsel from www.elasalle.com and www.YouTube.com/LaSalleSolutions.

    LaSalle options and LAMP are registered emblems of LaSalle options within the u.s.. Cisco and the Cisco brand are trademarks or registered logos of Cisco and/or its affiliates in the U.S. and different nations.


    C&W traffic to proffer Cisco Collaboration as a provider over its MPLS Networks | killexams.com true Questions and Pass4sure dumps

    includes Cisco Hosted Collaboration solution (HCS) for the Contact center, fitting the primary associate to present this carrier over its facilities across the Caribbean and Latin American place

    MIAMI, FL, March 21, 2016 – C&W enterprise, a division of Cable & instant Communications Plc (CWC), today publicizes that it is going to proffer Cisco® Unified Communications as a carrier over its multiprotocol label switching (MPLS) community to its consumers throughout the Caribbean and Latin American vicinity.

    The C&W company portfolio will also consist of the Cisco Hosted Collaboration respond (HCS) for the Contact core. C&W enterprise will develop into the first employer within the Caribbean and Latin the united states to proffer a contact core within the cloud, which represents a more agile, productive, bendy and scalable contact middle answer.

    Cisco HCS is a next-generation unified communications and collaboration platform for companions who wish to proffer pathetic Cisco collaboration applied sciences the use of hosted and managed fashions.  through consuming collaboration services from the cloud, groups gain the pliability to select the collaboration purposes selected to their requirements.

    Cisco HCS will live hosted at the C&W traffic facts centers and will live brought to shoppers over C&W Communications’ world-classification, SIP-enabled fiber IP (terrestrial and submarine) fault-tolerant networks, protecting over forty eight,000 kilometers of fiber across the Caribbean and Latin American location, allowing C&W enterprise to deliver enormously secure and bona fide facts, voice and video capabilities successfully to its consumers.

    C&W enterprise will present shoppers: 

  • Cisco’s Unified Communications and Collaboration options, which comprise voice and video communications, mobility, messaging, presence, and fetch in palpate with center. These features additionally allow internet and videoconferencing.
  • access to cloud-based mostly supplies in a rapidly and straightforward approach so shoppers can mobilize sooner than with mediocre fashions.
  • Predictable per-consumer month-to-month costs while not having to incur upfront capital expenditure investments.
  • potential to effectively scale provider levels up or privilege down to address seasonal needs.
  • Deployment of diverse license varieties to individuals throughout travail organizations or departments as required.
  • removal of the prices and complications of outfit renovation and application upgrades.
  • furthermore, current Cisco collaboration consumers can migrate their “on premises” solution into this cloud and preserve their funding in licensing.

    C&W traffic is a Cisco Gold licensed companion with specializations in superior Collaboration architecture, advanced statistics core architecture and Cisco Managed carrier provider, amongst others.

    assisting fees

  • Daniel Peiretti, SVP Product development, C&W enterprise:
  • “In today’s changing world, assorted businesses are stressful modern and greater efficient the privilege way to collaborate, better person productiveness and enhance consumer experiences. by using partnering with Cisco, they are further empowering their valued clientele by using delivering and managing a cloud services solution to satisfy their wants. they are snug to gain Cisco’s endorsement and excited to live imposing the primary Cisco HCS for Contact core in the Caribbean and Latin the united states and bring CCaaS and UCaaS across the vicinity.”

  • Gustavo Sorgente, vital america, Caribbean and northerly nations of South the us – CANSAC- Cisco
  • “Cisco HCS provides the advantages of Cisco’s collaboration solutions, with the financial, operational, and strategic benefits linked to cloud functions. Now, C&W traffic will live capable of present collaboration outfit to their consumers in the vicinity in a subscriber-primarily based carrier it's least expensive and in a enormously relaxed environment.”

    About Cable & wireless Communications Plc

    Cable & wireless Communications Plc (CWC) is a full provider communications and leisure company, working in Latin the united states and the Caribbean.  With annual earnings of over US$2.4 billion, it operates each mobile and glued networks, supported by means of submarine and terrestrial optical fiber backhaul skill. CWC promises advanced high-pace cellular statistics, broadband and video capabilities. It has leading market positions in mobile, mounted Line, Broadband and Video client presents. through its traffic division, CWC gives records hub internet hosting, home and overseas managed network functions, and customized IT provider options, utilizing cloud expertise to serve company and executive valued clientele.

    The neighborhood also operates a state-of-the-art subsea fibre optic cable network that spans greater than 48,000 km – essentially the most wide in the station – in addition to 38,000 km of terrestrial fibre proposing wholesale and provider backhaul skill.

    CWC has greater than 7,300 employees serving 6.four million clients (cellular four.1m; mounted Line 1.1m; Video 470k and Broadband 690k) throughout forty two countries.  The community’s main manufacturers encompass; LIME and stream within the Caribbean; BTC within the Bahamas; Mas a Mobil enterprise in Panama; C&W enterprise and C&W Networks. CWC is the market chief in most items provided and territories served. it's an incredible contributor to local communities via its company social accountability programmes.

    Cable & wireless Communications Plc’s shares are quoted on the London stock alternate under the ticker CWC.  The group is headquartered in London with its operational hub institute in Miami, within shut proximity to the Caribbean and Latin america.

    For more tips consult with: www.cwc.com.

    About Cisco  

    Cisco (NASDAQ: CSCO) is the global chief in IT that helps agencies trap the opportunities of tomorrow by way of proving that dazzling things can gyrate up if you join the up to now unconnected. For ongoing information, gratify drag to http://thenetwork.cisco.com

    # # #

    Cisco and the Cisco emblem are trademarks or registered emblems of Cisco and/or its affiliates within the U.S. and other countries. a catalogue of Cisco's logos will also live discovered at www.cisco.com/go/trademarks. Third-celebration logos outlined are the property of their respective owners. the use of the note companion doesn't imply a partnership relationship between Cisco and every other enterprise.


    700-038 Advanced Collaboration Architecture(R) bailiwick Engineer

    Study usher Prepared by Killexams.com Cisco Dumps Experts


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    700-038 exam Dumps Source : Advanced Collaboration Architecture(R) bailiwick Engineer

    Test Code : 700-038
    Test designation : Advanced Collaboration Architecture(R) bailiwick Engineer
    Vendor designation : Cisco
    free pdf : 50 true Questions

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    The Linux Foundation Launches Ceph Foundation To advance Open Source Storage | killexams.com true questions and Pass4sure dumps

    BERLIN, Nov. 12, 2018 /PRNewswire/ -- CEPH DAY BERLIN -- The Linux Foundation, the nonprofit organization enabling mass innovation through open source, today announces over 30 global technology leaders are forming a modern foundation to back the Ceph open source project community. The Ceph project develops a unified distributed storage system providing applications with object, block, and file system interfaces.

    The Linux Foundation logo

    Founding Premier members of Ceph Foundation comprise Amihan, Canonical, China Mobile, DigitalOcean, Intel, OVH, ProphetStor Data Services, Red Hat, SoftIron, SUSE, Western Digital, XSKY Data Technology, and ZTE. The Ceph Foundation will organize and dole pecuniary contributions in a coordinated, vendor-neutral fashion for immediate community benefit. This will aid galvanize rapid adoption, training and in-person collaboration across the Ceph ecosystem.

    "Ceph has a long track record of success when it comes to helping organizations with effectively managing tall growth and expanding data storage demands," said Jim Zemlin, Executive Director of the Linux Foundation. "Under the Linux Foundation, the Ceph Foundation will live able to harness investments from a much broader group to aid back the infrastructure needed to continue the success and stability of the Ceph ecosystem."

    Ceph is used by cloud providers and enterprises around the world, including pecuniary institutions (Bloomberg, Fidelity), cloud service providers (Rackspace, Linode), academic and government institutions (Massachusetts Open Cloud), telecommunications infrastructure providers (Deutsche Telekom), auto manufacturers (BMW), software solution providers (SAP, Salesforce), and many more.

    Ceph is also used by Rook, a Cloud indigenous Computing Foundation project that brings seamless provisioning of file, obscure and object storage services into the Kubernetes environment, running the Ceph storage infrastructure in containers alongside applications that are consuming that storage.

    Efficient, agile, and massively scalable, Ceph significantly lowers the cost of storing enterprise information in the private cloud and provides tall availability to any object, file, and obscure data. Unstructured data makes up 80% and more of enterprise data, is growing at the rate of 55% to 65% per year, and is common with rich-media, predictive analytics, sensors, social networks, and satellite imagery.1 obscure and file storage are captious to any IT infrastructure organization and are vital components of infrastructure platforms love OpenStack and Kubernetes. According to recent user surveys, roughly two-thirds of OpenStack clouds use Ceph obscure storage.

    The growth of modern cloud, container and ersatz intelligence/machine learning applications are driving increased use of Ceph. For example, Ceph combined with analytics and machine learning enables enterprises to comb through mass amounts of unstructured data to quickly spot patterns with customer behavior, online customer conversations and potential noncompliance scenarios.

    The Ceph Foundation is the successor framework to the Ceph Advisory Board, which was formed in 2015. fetch involved in the Ceph community at https://ceph.com/get-involved/ or learn more about membership at https://ceph.com/foundation.

    Project Creator and Leadership Quotes"A guiding vision for Ceph is to live the status of the knack for reliable, scale-out storage, and to execute so with 100% open source," said Sage Weil, Ceph co-creator, project leader, and chief architect at Red Hat for Ceph. "While early public cloud providers popularized self-service storage infrastructure, Ceph brings the same set of capabilities to service providers, enterprises, and individuals alike, with the power of a robust progress and user community to drive future innovation in the storage space. Today's launch of the Ceph Foundation is a testament to the power of a diverse open source community coming together to address the explosive growth in data storage and services."

    "Ceph was designed and built for scalability, initially with supercomputers and later with cloud infrastructure in mind. A key design premise was that the storage system needs to provide a highly reliable and available service in a dynamic and increasingly heterogeneous hardware environment where everything can potentially fail," said Carlos Maltzahn of University of California, Santa Cruz, a co-founder of the research project that first created Ceph over a decade ago.

    Cephalocon and KubeCon + CloudNativeCon 2019The Ceph Foundation plans to host the second Cephalocon conference in Barcelona, Spain from May 19 - 20, 2019, co-located with KubeCon + CloudNativeCon 2019, May 20-23. The first Cephalocon took station in March 2018 in Beijing, China, bringing together 1000 attendees consisting of Ceph vendors, users, and developers from everyone over the world.

    For updates, subscribe to the Ceph project's announcement mailing list and follow Ceph on Twitter @Ceph.

    Founding MembersFounding members of the Ceph Foundation at the Premier flat comprise Amihan, Canonical, China Mobile, DigitalOcean, Intel, OVH, ProphetStor Data Services, Red Hat, SoftIron, SUSE, Western Digital, XSKY Data Technology, and ZTE.

    Ceph Foundation common members comprise Ambedded Technology, Arm, catalyst Cloud, Croit GmbH, EasyStack, bright Systems Services, Pingan Technology, QCT, Sinorail, and Xiaoju Science Technology.

    Associate members comprise Boston University Information Services and Technology, CERN (European Organization for Nuclear Research), FAS Research Computing - Harvard, Greek Research and Technology Network (GRNET), Monash University, South African Radio Astronomy Observatory (SARAO), Science and Technology Facilities Council (STFC) at UK Research and Innovation (UKRI), and University of California Santa Cruz's hub for Research in Open Source Software (CROSS).

    Supporting Quotes"As a founding member of the Ceph Foundation, Amihan is committed to contributing its knowledge and expertise in cloud-native infrastructure to the advancement of the Ceph project. pile on Ceph has allowed us to provide their enterprise clients with the most reliable foundation for digital transformation."

    -       Winston Damarillo, executive chairman, Amihan

    "Ceph delivers enterprise-grade storage with best-in-class economics. Given the exponential growth they are witnessing in their customers' data requirements, they recognize it to live a fundamental fragment of the open source private cloud stack. Their participation in the launch of the Ceph Foundation underlines their commitment to accelerating its adoption, technology basis and developer community."

    -       Christian Reis, VP, Data Centre bailiwick Engineering at Canonical

    "China Mobile always embraces Open Source and gives back to Open Source. Ceph is the best implementation of Open Source Software Define Storage, and it has been widely used in China Mobile's data center. They are very jubilant to join Ceph Foundation and get Ceph more closer to enterprise storage level."

    -           Junwei Liu, vice common manager of cloud computing department, China Mobile (Suzhou) software technology Co., Ltd.

    "Open source has been a key fragment of their traffic from the start. Ceph is a core component of their fast-growing storage infrastructure and one of the many open source projects they use at DigitalOcean to accelerate innovation and deliver noteworthy products for their customers. They are proud to live a founding member of the Ceph Foundation. As a leading cloud provider they believe it is their responsibility to give back to the open source community and back the projects that aid developers build fabulous apps."

    -        Shiven Ramji, VP of Product, DigitalOcean

    "The incredible growth of data generated by connected devices, services, and modern software requires an advanced, adaptable storage platform to aid gain the greatest value from everyone this information. Ceph's open innovation is key for the industry to address these demands. Intel is proud to join the Ceph Foundation and back the redefinition of data storage."

    -       Imad Sousou, Corporate vice president and common manager Open Source Technology Center, Intel Corporation

    "OVH is thrilled to join the newly created Ceph Foundation as a Premier member. Its Open Source values fit in very well with their own DNA, which is marked by openness, innovation and license of choice. With Ceph being the de-facto gauge Software Defined Storage solution for OpenStack, it was only ratiocinative for us to adopt Ceph as fragment of their Public Cloud obscure storage. "We gain been using Ceph for many years and gain since contributed numerous patches that went upstream in Ceph, co-hosted the Ceph Day in Warsaw and shared their undergo with Ceph at various events. As one of the founding sponsors of the Ceph Foundation, they are now excited to get an even stronger contribution to the Ceph community and aid engage it to the next level."

    -       Alain Fiocco, EVP Chief Technology Officer, OVH

    "Ceph is the future of storage. They at ProphetStor are proud to gain contributed their machine learning technology to its community to aid bring it to the forefront of the storage industry."

    -       Jeremy Wei, VP of Corporate traffic Development, ProphetStor

    "Red Hat is honored to live deeply involved as a leader in open source communities as modern enterprises pivot toward an open hybrid cloud model. The creation of the Ceph Foundation brings to abide collaboration across the industry to enable rapid adoption of advanced data services and cloud-native technologies."

    -       Sarangan Rangachari, Vice President and common Manager, Red Hat Storage

    "Ceph is quickly becoming the de facto gauge for storage at scale. They are proud to live a fragment of that success and back the modern Ceph Foundation. Ceph is a shining instance of how open source software can squeeze out inefficiencies in very large markets."

    -       Tim Massey, CEO, SoftIron

    "The formation of the Ceph Foundation under the Linux Foundation umbrella reflects the professional growth of the Open Source community and increasing industry participation. The modern framework will lead to more community collaboration, outreach, inclusion and market awareness. SUSE is pleased and committed to live a top tier contributor to both the technical community and the foundation to aid facilitate innovation in software-defined storage and portray the interests of their customers and partners."

    -       Lars Marowsky-Brée, Distinguished Engineer, SUSE

    "As a technology leader enabling cutting-edge technologies with data infrastructure, they understand and believe in open standards, open software, and open ecosystems. The establishment of the Ceph Foundation is an vital milestone that they are proud to support."

    -       Allen Samuels, Engineering Fellow at Western Digital, Inc

    "With the establishment of Ceph Foundation, Ceph is opening a modern era in global development. Together with other members, XSKY will spare no exertion to shove forward the construction of a broader Ceph ecosystem and explore commercial models for open-source software. They direct to achieve a landing storage approach of high-availability and high-reliability for users in mass data era."

    -       Haomai Wang, CTO, XSKY

    "It has been my delectation to observe the growth in popularity of Ceph in China over the terminal several years, and the power of Ceph of transforming numerous organizations' IT infrastructure. Open source is a huge break for organizations to travail cooperatively to better software and to benefit from each others' hard work, and the establishment of Ceph Foundation will definitely accelerate its progress and bring us a true future of storage."

    -       Xinyu Chen, common Manager of Telecom Cloud & CoreNet Product, ZTE Corporation

    About the Ceph FoundationThe Ceph Foundation is a directed fund under the Linux Foundation. It provides a neutral home for the Ceph community to collaborate and grow, and is supported by members across multiple industries. Ceph is a unified distributed storage system providing applications object, block, and file system interfaces in a sole unified storage cluster—making Ceph flexible, reliable and easy for you to manage. Ceph is built on the reliable Autonomic Distributed object Store (RADOS), which provides a highly available and scalable fabric that can either live consumed directly or via higher-level object, obscure and file services that are built on top.

    About the Linux FoundationThe Linux Foundation is the organization of option for the world's top developers and companies to build ecosystems that accelerate open technology progress and industry adoption. Together with the worldwide open source community, it is solving the hardest technology problems by creating the largest shared technology investment in history. Founded in 2000, The Linux Foundation today provides tools, training and events to scale any open source project, which together deliver an economic repercussion not achievable by any one company. More information can live institute at www.linuxfoundation.org.

    The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, gratify observe their trademark usage page: https://www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds.

    Media ContactEmily Olin The Linux Foundationeolin@linuxfoundation.org

    1 Source: https://www.datamation.com/big-data/structured-vs-unstructured-data.html

     

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    Applied Software and TriBuild publish Collaboration to Extend MEP Workflows in CAD/Fabrication and bailiwick Solutions | killexams.com true questions and Pass4sure dumps

    ATLANTA, Sept. 27, 2018 /PRNewswire/ -- Applied Software, a leading systems integrator for the MEP (Mechanical, Electrical and Plumbing), Architectural, Engineering, Construction, Fabrication and Manufacturing industries, today announced its partnership with TriBuild, a provider of advanced bailiwick and office technology solutions for everyone phases of the construction project lifecycle. In combination with the newly announced Applied Software sister company, eVolve Software, this partnership to collaborate in the MEP construction market will further the goal of transforming workarounds into actual workflows.

    TriBuild is focused on helping MEP and fire protection contractors better manage projects to enlarge speed, better accuracy and diminish costs in the global commercial construction industry. The TriBuild bailiwick Solutions Division is distributing a full line of robotic total stations, 3D laser scanning, bailiwick software and services to enable significant bailiwick productivity in the mechanical and electrical trades.

    eVolve is a revolutionary modern product leader in the MEP industry with a software solution built with the contractor in intellect for better efficiency, while Applied Software offers MEP industry-expert consultants to aid bridge the technology divide and tailor workflows. Together, the three companies deliver a streamlined, comprehensive solution to the MEP construction market.

    "The partnership between TriBuild, eVolve and Applied Software is another exciting step in their mission of believing in the contractor and providing the tools necessary for success," said Richard Burroughs, president of Applied Software. "Applied Software believes in making the best resources available to their clients and this partnership is a further commitment to that end."

    "It's clear to us that most of the positioning industry is focused on the hardware of their systems and what technical performance that system provides," said Brad Couper, president of TriBuild. "While they are representing industry-leading systems from Topcon Positioning Systems, they observe their role more broadly as helping their clients derive true productivity benefits associated with improving their workflow from office to field. The relationship they gain established with Applied Software and eVolve allows us to deliver on the promise of improved data flows."

    About TriBuild, Inc.Founded in June 2018, TriBuild, Inc., a Construction Technology solutions company, is focused on delivering a growing number of technology enabled hardware and software-as-a-service solutions for the global commercial construction industry. TriBuild's bailiwick Solutions Division is distributing a full line of robotic total stations, 3D laser scanning, bailiwick software and services to enable significant bailiwick productivity in the mechanical and electrical trades. For more information, visit https://www.tribuildinc.com.

    About eVolveeVolve has revolutionized the prefabrication workflow to dramatically accelerate the process of creating prefab deliverables to your business. With an understanding of the unique needs and nuances within the MEP world, they gain developed a highly desirable solution to facilitate prefabrication. With a smooth transition from AutoCAD to Revit, their "just-in-time" environment reduces overhead while increasing productivity. For more information visit www.evolvemep.com.

    About Applied SoftwareApplied Software, a full-service premier systems integrator for the AEC, MEP, Fabrication and Manufacturing industries, is on a mission to transform industries by empowering their clients and championing innovation with real-world expert consultants. With a broad purview of world-class solutions, services and training, Applied Software has been helping clients achieve a competitive edge since 1982. For more information visit www.asti.com.

    Applied Software and eVolve are registered trademarks of Applied Software Technology, Inc. everyone other trademarks cited herein are the property of their respective owners.

    Media Contact:Todd F. WeyandtApplied Software404-564-1843tweyandt@asti.com

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    SOURCE Applied Software


    Stereotaxis, Inc. (STXS) CEO David Fischel on Q3 2018 Results - Earnings convene Transcript | killexams.com true questions and Pass4sure dumps

    Stereotaxis, Inc. (NASDAQ:STXS) Q3 2018 Earnings Conference convene November 12, 2018 10:00 AM ET

    Executives

    David Fischel - Chairman and CEO

    Marty stammer - CFO

    Operator

    Good morning. Thank you for joining us for the Stereotaxis Third Quarter 2018 Earnings Call.

    Certain statements during the convene and question-and-answer session may relate to future events, expectations and, as such, constitute forward-looking statements within the signification of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may occasions the actual results, performance or achievements of the company in the future to live materially different from the statements that the company's key executives may get today.

    These risks are described in detail in their public filings with the Securities and Exchange Commission, including their latest occasional report on profile 10-K or 10-Q. They assume no duty to update these statements. [Operator Instructions] As a reminder, today's convene is being recorded.

    It is now my delectation to gyrate the floor over to your host, Mr. David Fischel, Chairman and CEO of Stereotaxis.

    David Fischel

    Thank you, operator. agreeable morning, everyone. I'm joined today by Marty Stammer, their Chief pecuniary Officer. They continue to get progress on multiple fronts at Stereotaxis. Their primary focus is executing a robust innovation strategy and developing the commercial infrastructure to back improved performance. These are both being advanced, while maintaining pecuniary discipline.

    Innovation and collaboration is crucial for a company love Stereotaxis that stands at the cutting edge of technology in the dynamic medical bailiwick of electrophysiology. They gain reinvigorated Stereotaxis’s commitment to innovation and collaboration and are advancing an innovation draw that is elegant, realistic and medically and commercially sound. As described previously, their innovation draw addresses the five core technologies utilized in a robotic cardiac ablation procedure.

    Our robotic magnetic system, the magnetic ablation catheter, software that allows for intuitive navigation, the cardiac mapping system and the fluoroscopy system. There is tangible progress on each of these five technologies. The three guiding goals of their innovation draw are improving patient care, improving physician option and improving the availability of their technology. The privilege innovation draw can provide these benefits to patients, physicians and hospitals, while also improving Stereotaxis’s opportunity.

    Our innovation draw will more than double the annual revenue break for Stereotaxis in just their existing commercial footprint of active hospital customers and should back meaningful growth in their commercial footprint. In the second quarter, they announced an extension to their progress alliance and supply agreement with Johnson and Johnson's Biosense Webster and a modern collaboration with Acutus Medical, a San Diego based private company with an innovative cardiac mapping system.

    The engineering exertion to integrate with Acutus is advancing well and terminal week they performed their first animal study using the integrated systems. While they gain provided visibility into the focus and goals of their broader innovation efforts, I recognize they gain not provided full transparency into the strategy. They engage seriously a responsibility to ensure the long term success of Stereotaxis. Their public announcements are dictated by their reporting obligations and by what best supports that long term success.

    Given the progress they gain observed to date, they anticipate and gaze forward to showcasing their broader innovation strategy in the first half of 2019. Shifting to commercialization, their overarching commercial strategy has been to Put in station the institutional infrastructure and processes to ensure that their physician customers gain successful growing robotic electrophysiology practices. They believe this focus is prudent and as it is advanced alongside specific innovations, will set the stage for a age when it makes sense to accelerate modern system sales.

    We gain a well-defined multi-pronged strategy here, categorized into six fields, efficacious physician training, agreeable procedure support, tools to drive physician practice growth, tools to generate patient demand, pile physician relationships and supporting impactful clinical literature. They gain many individual initiatives within each of these categories and I've described several of them on previous calls.

    A few highlights include, first, initiating a robust robotic fellowship program. Earlier this year, they recruited the first electrophysiology fellows into a program that would supplement their traditional fellowship with training and undergo in robotic magnetic navigation. They gain now recruited nearly 30 fellows from over 10 leading institutions in the US. They are excited to live partnering with and investing in the future leaders in the bailiwick and in the coming months, they draw to expand the program internationally.

    Second, continuing to back the growth of the physician led society for cardiac robotic navigation. Later this week, several dozen physicians, nurses and healthcare professionals will live gathering at the Society's annual meeting in Miami. This society has evolved and grown over the terminal two years into an impactful global organization.

    Third, launching robotic EP.com, a modern Stereotaxis website oriented towards healthcare professionals. The website is a significant step forward in aligning their online image with the reality of their technology being on the cutting edge of medicine. More importantly, it presents to the broader community their technology and value in an organized and elegant fashion. I cheer you to visit the website and to spend time on the clinical data page specifically. We’ve Put significant thought into how to most clearly present the clinical data supporting the use of robotics.

    On the page, you will find a comprehensive assessment of the apposite clinical data from every head-to-head peer reviewed study, evaluating robotic versus manual ablation that is recent and has a meaningful number of patients. The data is histrionic in showing consistent clinical benefits for the use of robotics across large number of patients and in a broad array of arrhythmia. The highlights comprise meaningful reductions in major adverse events, minor complications and radiation exposure and a common trend towards improved acute and long-term efficacy.

    While this website will aid us partake their story, it also helps their existing physician and hospital customers more easily picture their clinical and technological leadership to their own stakeholders, patients, referral physicians and the broader community. They are working on a toolkit of co-marketing resources for their hospital customers that will further allow them to showcase their leadership and grow their robotic practices.

    I am proud that they gain been able to advance their innovation and commercial initiatives, while maintaining pecuniary discipline. In the first nine months of this year, they used $2 million of cash. This is the lowest cash utilization for the first nine months of the year in Stereotaxis’s history. A significant amount of this was spent on discrete innovation projects. They gain reduced expenses, while being much more active, nimble and effective. They gain a hardy organization and a agreeable team. While they anticipate a gradual enlarge in operating expenses as they advance specific innovation initiatives, this progress toward sustainable profitability underscores my assurance that they can advance the company towards robust growth and profitability using their current poise sheet. They started the fourth quarter with $11.6 million of cash and no debt.

    One terminal observation before handing the convene over to Marty, I want to station Stereotaxis in the commandeer broader context. Stereotaxis is the global pioneer and leader of robotics and endovascular surgery. They are confident that robotics in cardiac ablation specifically and endovascular surgery more broadly helps address the limitations, risks and challenges of manual intervention. It does so for the benefit of patients and physicians. While the adoption of robotics and endovascular Surgery is silent in its infancy, the medical device industry and healthcare community are rapidly embracing robotics in laparoscopic, orthopedic and spinal surgery.

    This was most dramatically exemplified in September when Medtronic acquired Mazor Robotics, the pioneer of robotics in spinal surgery for $1.65 billion or approximately 25 times its annual sales. The valuation multiple reflects the excitement the industry has for robotic companies that are growing. As the leader of robotics and endovascular surgery, they are excited and encouraged by these broader developments. They are confident that endovascular surgery will similarly live transformed by this wave of technological progress.

    I will now pass the convene over to Marty to discuss their pecuniary results in more detail.

    Marty Stammer

    Thanks, David and agreeable morning, everyone. Revenue for the third quarter of 2018 totaled $7.6 million. Recurring revenue was $6.8 million in the third quarter, up 4% from $6.5 million in the prior quarter. Recurring revenue for the first nine months of 2018 of $21 million was up 5% from the first nine months of 2017. System revenue in the third quarter was $700,000, down from $1.6 million in the prior year quarter. System revenue in the prior year quarter primarily reflected the shipment of a Niobe system to an international distributor.

    Gross margin in the quarter was $5.9 million or 78% of revenue compared to $6.2 million and 76% of revenue in the third quarter of 2017. Operating expenses in the third quarter were $6 million, down from $6.1 million in the prior year quarter. Operating expenses for the first nine months of the year were $19.7 million, down from $20.4 million during the same age of 2017. The change in operating expenses primarily reflects increased investment in research and development, partially offset by decreased common and administrative expenses.

    Operating loss and net loss in the third quarter were $100,000. Negative free cash tide in the third quarter was $400,000 compared to $600,000 in the year ago third quarter. Negative free cash tide for the first 9 months of 2018 was $2 million compared to $3.9 million in the first nine months of 2017. At September 30, 2018, Stereotaxis had cash and cash equivalents of $11.6 million, no debt and $3.2 million in unused borrowing capacity on its revolving credit facility for a total net liquidity of $14.8 million.

    I will now hand the convene back to David.

    David Fischel

    Thank you, Marty. As particular in their press release, they gaze forward to closing out 2018 with record recurring revenue of approximately $28 million. They are working hard to ensure 2019 sets up to live an exciting year of overall growth. They are snug that their poise sheet will allow us to deliver on their commercial and innovation initiatives over the coming years and attain profitability without the requisite for additional financings.

    That concludes their prepared remarks. Operator, can you gratify open the line to questions?

    Question-and-Answer Session

    Operator

    [Operator Instructions] We’ll first drag to John Morganelli [ph], private investor.

    Unidentified Analyst

    I just wanted to commend the leadership of the company again for keeping things moving. Just one question true quick and that was, in the terminal call, that was mentioned I assume by David as to attempts to fetch on NASDAQ and now that’s a stock has been holding equable above a dollar, what are the plans with respect to trying to fetch on the NASDAQ.

    Marty Stammer

    Sure. Hi. agreeable morning, John and jubilant birthday. So actually uplift on NASDAQ, I assume there might live some confusion because I gain heard others speaking about a $1 stock expense and the $1 stock expense is really to a, I think, if you're on NASDAQ, to remain listed on NASDAQ. In order to uplift the NASDAQ, they gain to gain a stock expense of $2 a partake for a age of several -- a few weeks, several weeks or they gain to gain a stock expense of $3 a partake for a few days. And so I assume benign of the strategy and draw privilege now is exactly, as I’ve described before, they are not planning to execute anything love a transpose stock split in the near term. If they would execute so, it would live paired with a very positive news, but benign of really privilege now, their goal is to gain the stock expense naturally fetch to those levels where they could uplift.

    Operator

    All right. We’ll next to JR Grand, also a private investor.

    Unidentified Analyst

    I gain a lot of friends who are actually using this product, incredible excited and incredibly excited about this -- the machines what you guys are doing it. The problem is that the stocks tall was love 6 and it's privilege now trading at 1.5 around, what are the chances of somebody taking over, what I heard that some of these companies, which is -- there's a possibility of taking everyone these -- since the stock expense is 6 at its high.

    Marty Stammer

    So, a few benign of comments on that. One is, I mean, at least for the terminal couple of years, the stock expense has not been at 6 -- the stock expense has generally been much lower. Stereotaxis has a long history and so if you drag far back into the history, you're right, the stock expense has been at 6 and has been higher than that, even benign of over the previous years.

    Kind of, in terms of what you appear to live worried about or alluding to, I guess, that's not something that they are concerned about. They gain benign of a shareholder base, which is committed to the long term success of Stereotaxis. They gain a draw that they feel is elegant and that improves the company fundamentally. And so really their focus is on executing on their strategy and turning Stereotaxis into a successful company. I don't benign of -- I don't assume I partake the same concern that you have.

    Operator

    [Operator Instructions] We’ll next drag to Mike Hammer.

    Unidentified Analyst

    Hey, I'm excited about the word and excited about your commitment to the goals and not stated in there was really your Investor Relations and I actually, as an investor, I'm more excited that you're committed to the product and developing that than the partake price. So kudos to you guys for working hard at it.

    I guess in your remarks, David, the one thing that just benign of flagged me just a exiguous bit was your comments on something around transparency. I don't know if that was it, could you give me some clarification on that. Was that a greater commitment to more transparency with things that are happening in the company and sales, those benign of things? Just some clarification on that.

    Marty Stammer

    Sure. So first on your first observation about benign of a commitment to benign of the fundamental efforts versus stock price, we're committed to what they can control. So I can't control the stock price, I can control or try to repercussion their fundamental performance. And so that's exactly love you say, that's where they Put their focus on.

    In terms of the transparency, that really was a observation that was tied to their innovation efforts. So, I know, they gain described their innovation strategy in broader strokes in terms of the focus of it, the types of core technologies that are used in a robotic ablation procedure and benign of -- and that we're focusing on those five from an R&D perspective and collaboration perspective and gain also described the guiding goals of that innovation strategy in terms of improving patient care, improving physician option and improving the availability of the technology. And so it's benign of -- that is a broader, benign of broad stroke of the strategy. I understand that you and hospitals and physicians and internal team here, those that aren't benign of based at headquarters would love to probably know more of that strategy at some point and so I assume that the privilege timing is likely going to live in the first half of 2019 to live able to partake much more.

    Operator

    All right. We’ll next drag to Chris Baster.

    Unidentified Analyst

    First off, congrats on the continued soar in recurring revenues. I assume it's very encouraging to observe the company remains on draw to achieve record recurring revenues this year. And with that foundation in station of this tall margin revenue, any growth in system sales will obviously live a meaningful catalyst, so I'm looking forward to 2018. With that being said, can you give more color, you made David the observation about doubling the potential opportunity, can you Put some color around that.

    David Fischel

    So I would prefer not to provide much more color. I assume that's the kind of color that when they present innovation strategy in the first half of 2019 will become much clearer. What I did enlighten was that, if you gaze again at the innovation strategy that is focused on those five core technologies, as that comes out and it might not everyone advance out at exactly the same time, so it might advance out in benign of a stepwise approach, if you gaze at just their existing customer base, in terms of the number of active sites they gain and the number of procedures that are being performed robotically each year, just among that existing footprint, they would gain revenue that is more than double where they are today.

    And so that was benign of what the observation was meant to picture and again you can gaze at the five core technologies that doesn't stand for that they capture everyone the revenue that happens in a procedure. Oftentimes, in cardiac ablation procedures, there's many thousands of dollars, tall sole digit thousands or even $10,000 worth of disposables being sold per case. I'm not at everyone suggesting that we're going to live owning every aspect of a procedure, but again as they benign of better their product offering and start to participate in different ways, they will gain an break that’s more than double their current revenues, just at the existing footprint.

    Unidentified Analyst

    So I know you don't want to disclose too much, but can they -- should they live thinking about this innovation draw as potentially driving a replacement cycle within the installed basis you gain as well as driving modern system sales.

    David Fischel

    So they gain talked -- I assume I mentioned a few earnings calls ago that when I step back and gaze at some of these benign of glaring holes as something love a replacement cycle is an obvious one where every capital outfit company I know of has a replacement cycle. The fact that they gain 100 active customers, approximately 100, a exiguous bit over 100 active hospital customers and no replacement cycle is eerie and so it would get sense as that’s benign of a entire or benign of a eerie observation that they would live thinking to address. But that by itself wouldn't account for a doubling of their market break that might contribute to that, that wouldn't address that by itself.

    Operator

    [Operator Instructions] everyone right. They did gain another question queue up. We’ll engage that from Chris Deane.

    Unidentified Analyst

    I guess I just had a more of a curiosity question. execute you guys observe any result on tariffs, affecting your margins or anything love that? And I had a divide question.

    Marty Stammer

    I can jump in on that one. At this point, they haven't seen much on the COGS sides. So on the supply side, they don't gain too many vendors that are based in areas that are being hit by tariffs. On the sales side, they are seeing a exiguous bit more in the regions, especially within APAC where the tariffs are impacting us, but as a percentage of their total business, that's a pretty little portion.

    David Fischel

    We did gain probably in the low tens of thousands of dollars of benign of additional taxes or fees that they had to pay. So there's some hit. So again, it's not huge, but it wasn't particularly fun to pay terminal quarter.

    Unidentified Analyst

    Right. Is that scheduled to increase, execute you know or?

    David Fischel

    No. I assume terminal quarter was fairly representative of what they would expect.

    Marty Stammer

    Yeah. I assume it's a exiguous bit hard to forecast what's going to live in the future, but they don't anticipate any changes at this point in time.

    Unidentified Analyst

    And I was just benign of curious from a sales -- from a system sales perspective, love what sort of drivers are out there to fetch a hospital to pay out this mammoth chunk of money? Is there expiring outfit that helps shove them into the decision or execute you primarily just reckon on the superiority of the machine and maybe a few key doctors' recommendations?

    David Fischel

    Sure. So when you talk about expiry of a system, execute you stand for that another technology is expiring and that's why they would adopt a robotic practice or what exactly?

    Unidentified Analyst

    Yeah.

    David Fischel

    We're a very differentiated technology. So there's not -- we're not used as a replacement for another technology that they used to gain that’s expiring. They really stand benign of alone in terms of a very different approach to medicine in this bailiwick and what usually starts to drive the interest is physician interest. So there's a clinical interest that is aroused, it's aroused because physicians visit a hospital, but does gain the technology and they suddenly observe this very modern and innovative way to drag catheters and they observe the clinical data and that strokes their interest or for instance I described the fellowship, the robotics fellowship program that they started earlier this year and that has really benign of taken hold.

    I am fairly confident that over time as many of these fellows graduate, that will seed the world with many younger electrophysiologists who gain an appreciation for the technology and that might live supportive of modern system placements, but it really starts with that sturdy clinical back and then it's up to us working with physicians who wish the product to travail through the administrative process, which oftentimes is the very benign of difficult long cumbersome exertion to fetch a natural system sale to engage station and that's where benign of the more that they can reduce the complexity and the barriers to administrative approvals of these purchases, I assume the better off and the more successful they will live in terms of their results.

    Operator

    [Operator Instructions] Okay. It looks love they gain no further questions at this time. So I’d love to gyrate it back to their speakers for any additional or closing remarks.

    David Fischel

    Okay. Thank you everyone for your many questions and agreeable questions. Thank you also for your continued back and interest in Stereotaxis. They wish you a agreeable discontinue to the year and they gaze forward to working hard in your behalf over the coming months and speaking again in 2019.

    Operator

    That does conclude today's conference. They thank everyone again for their participation.

    SeekingAlpha


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