Pivot Technology Solutions (TSX:PTG)
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1 Year : From Dec 2018 to Dec 2019
Frost & Sullivan Recognizes Pivot Innovation as Industry Leader In Delivering World-Class Enterprise Solutions
IRVINE, CA, Feb. 26, 2019 /CNW/ - Smart-Edge.com, Inc. ("Smart Edge") today announced it has won the prestigious Frost & Sullivan Technology Innovation Award for its advanced development platform for multi-access edge computing ("MEC").
The award is based on Frost & Sullivan's in-depth analysis of the global edge computing market and in recognition of Smart Edge's industry leadership in enabling reliable and deterministic access to enterprise applications at the network's edge.
"We're honored to be acknowledged by Frost & Sullivan for accelerating the network's transformation at the edge," said Bob Pike, Chief Executive Officer of Smart Edge. "Enterprises are seeking innovative ways to create new revenue streams and differentiate themselves from their competitors. At Smart Edge, we are dedicated to providing enterprise customers with a new way of processing data that reduces latency to enable real-time insights and responses."
Frost & Sullivan's ongoing research shows that current solutions that depend on high-cost data centers and outdated cloud models are not built to handle the volume, velocity and variety of data produced and utilized by Internet of Things (IoT) devices. Several industries, including retail, manufacturing and healthcare, are seeking new computing models that can minimize the latency in transferring and processing data in real time. Smart Edge is leading the initiative to provide enterprises with a more intelligent data platform that brings computing and applications closer to the user.
"Smart Edge has pioneered a cutting-edge approach in offering virtualized multi-access edge computing platform at the edge of network, bringing new levels of performance and access to mobile, wireless and wired networks," said Naga Avinash, Research Analyst at Frost & Sullivan. "Smart Edge's MEC enables real-time, high-bandwidth, security-enabled low-latency access to latency-dependent applications across various industries such as retail, telecom, media and enterprise companies."
Built on high-performing Intel® scalable processors, Smart Edge's application environment enables new opportunities and revenue streams for operators, while reducing ongoing edge total cost of ownership (TCO). For more information, please visit https://smart-edge.com/.
About Frost & Sullivan
Over the past five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies. Frost & Sullivan's Best Practices Awards recognize companies that inspire growth in their industries through superior leadership, technological innovation, customer service and strategic product development. Each year, industry analysts compare market participants and measure their performance through independent, primary interviews, and secondary industry research in order to evaluate and identify best practices.
Download the Frost & Sullivan report at: https://ww2.frost.com/files/7115/5121/0146/Smart_Edge_Award_Write_Up.pdf
About Pivot Technology Solutions, Inc.
Pivot (TSX:PTG) is an industry leading information technology services and solutions provider to many of the world's most successful companies, including members of the Fortune 1000, as well as governments and educational institutions. By leveraging its extensive OEM partnerships and its own fulfillment, professional, deployment, workforce and managed services, Pivot supports the IT infrastructure needs of its clients. For more information, visit www.pivotts.com.
Forward Looking Statements
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include statements regarding the performance and revenue stream potential of the Smart Edge application environment. Pivot uses words such as "may", "would", "could", "will", "likely", "expect", "believe", "intend", "anticipate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Pivot in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Pivot's expectations and predictions is subject to any number of risks, assumptions and uncertainties, including the risk that the Smart Edge technology will not result in a significant revenue source for Pivot, and other risks detailed in the Company's Annual Information Form for the year ended December 31, 2017 available at sedar.com. Many factors could cause Pivot's actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. The "forward-looking statements" contained herein speak only as of the date of this news release and, unless required by applicable law, Pivot undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.
SOURCE Pivot Technology Solutions, Inc