TORONTO, Jan. 18, 2018 /CNW/ - Pivot Technology Solutions,
Inc. (TSX: PTG), a full-service information technology solutions
provider, today announced two key services wins that demonstrate
the Company's traction with its services strategy and ongoing
commercial transformation.
The services agreements will see Pivot provide high quality,
dedicated technical resources, experienced account management and a
"client first" governance model for two new customers that operate
in the financial services industry in the
United States. These agreements include Pivot's Managed
Services and Workforce Services offerings.
Pivot's Managed Services mission is to deliver complimentary
technology management solutions that align to customer business
strategies, optimize IT production and increase consumption value
by leveraging ITSM (IT Service Management) best practices. Pivot's
Workforce Services mission is to develop a standard, centralized
and consistent process for acquiring resources by leveraging proven
recruiting methods that provide best practices, best pricing and
best value.
The Company will provide assessment, design, implementation,
management and optimization services across a multitude of
infrastructure technologies that span Pivot's solution disciplines
of End User, Network, and Data Center, and will support the
customers with approximately 100 resources. Total estimated revenue
for these two services agreements over the next three years is
expected to exceed US$15 million.
"We are seeing tangible results from our strategy to complement
our strong products business with innovative and effective
services," said Kevin Shank, CEO of
Pivot. "We were able to win these deals by demonstrating
highly collaborative managed resource solutions that encompass
support of end user services, including deskside services, mobility
and printer support and a proactive approach that leverages our
professional services expertise to support a wide range of
disciplines, including Windows, Unix, Linux, Solaris, VmWare,
Networking and Security and Project Management."
About Pivot Technology Solutions
Pivot 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. These
forward-looking statements include, without limitation, references
to the total estimated revenue from the two contracts. 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, including the
assumption that the estimated revenue of the two contracts will
achieve their expected revenues and that the durations of the
two contracts, which are subject to standard termination
provisions, will be achieved, as well as other factors Pivot
believes are appropriate under the relevant circumstances. However,
whether actual results and developments will conform to Pivot's
expectations and predictions is subject to any number of risks,
assumptions and uncertainties. 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.
These factors include, without limitation, the risk that actual
revenue will be materially less than estimated and the other risks
set out in Pivot's Annual Information Form for the year ended
December 31, 2016 available on
sedar.com The "forward-looking statements" contained herein
speak only as of the date of this news release and, unless required
by applicable law, the Company 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