TORONTO and GATINEAU, QC, Feb. 10, 2025 /PRNewswire/ — Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF), today announced preliminary results for the fourth quarter (“Q4-2024”) and fiscal year ended December 31, 2024. The Company will hold a conference call to discuss complete financial results for Q4-2024 and fiscal year ended December 31, 2024 on Thursday, March 6th, 2025 at 8:00am EST. The call will be hosted by the Converge leadership team, followed by a question-and-answer period. Converge will report its financial results in the morning prior to the call. Q4-2024 Preliminary Results: Fiscal 2024 Preliminary Results: _________________________________[1] This is a non-IFRS measures and not a…
Author: PRNEWSWIRE
Key Milestones Include Launch of ETQ Reliance Predictive Analytics Solution, Expanding Client Base, Annual Customer Conference and Innovation Awards BURLINGTON, Mass., Feb. 10, 2025 /PRNewswire/ — ETQ, part of Hexagon, achieved significant milestones in the fourth quarter of 2024 which secured its position as a global leader in quality management systems (QMS) and brought the benefits of its ETQ Reliance® QMS to an ever-expanding base of customers across multiple industries around the world. Milestones for the quarter include the launch of the ETQ Reliance Predictive Quality Analytics solution; new customers across key industry sectors; a highly successful ETQ Reliance user conference; and its annual…
NEW YORK, Feb. 10, 2025 /PRNewswire/ — PackageX, a leading provider of AI-powered logistics technology, is proud to announce the launch of its groundbreaking Enterprise Logistics Platform. Designed to revolutionize logistics workflows, this innovative platform empowers operations teams in warehouses, stores, and buildings to automate data entry and manual processes to drive workforce productivity, enhance operational efficiency, and achieve real-time visibility. Born from nearly a decade of experience in automating package receiving workflows at middle-mile and final-mile buildings, PackageX is now expanding its mission. The Enterprise Logistics Platform introduces a suite of enterprise-ready apps, AI scanning capabilities, and integration tools that simplify critical on-the-floor…
Network AIOps leader paves way for strong growth and market leadership in 2025 SANTA CLARA, Calif., Feb. 10, 2025 /PRNewswire/ — Selector, an industry leading platform for managing multi-domain network and application infrastructure, is reporting a doubling of its Annual Recurring Revenue (ARR) for the third consecutive year—a 398% growth rate—and client Net Revenue Retention of 170%. Selector is an industry leading platform designed to generate real-time, actionable insights for managing multi-domain network and application infrastructure. The company’s customized AI solutions leverage machine learning to monitor, detect and safeguard organizational networks against downtime, operational issues and revenue disruption. “2024 was a transformative…
97% of CEOs plan AI integration, but only 1.7% feel fully prepared. New research highlights what’s getting in the way of progress – and how CEOs plan to shift ambition into action. News summary: AMSTERDAM, Feb. 10, 2025 /PRNewswire/ — CISCO LIVE — A new study from Cisco, the worldwide leader in networking and security, reveals a paradox among CEOs While 4 in 5 recognize AI’s potential benefits and almost all plan to integrate AI into their operations, many fear gaps in their knowledge will hinder decisions in the boardroom (74%) and stifle growth (58%) – risking missed opportunities and falling behind competitors. Yet, CEOs are…
NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The Data center market in UK size is estimated to grow by USD 37.87 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 21.8% during the forecast period. Growing adoption of multi-cloud and network upgrade to support 5G is driving market growth, with a trend towards consolidation of data centers. However, increasing power consumption poses a challenge. Key market players include Amazon.com Inc., arkdatacentres.co.UK, Baxtel, Cisco Systems Inc., CyrusOne LLC, Cyxtera Technologies Inc., Digital Realty Trust Inc., DXC Technology Co., Equinix Inc., Switch Ltd., Hewlett Packard…
The American artificial intelligence software giant is planning its first German office in Munich. BERLIN, Feb. 7, 2025 /PRNewswire/ — The company, best known as the creator of the chatbot ChatGPT, said that the new office would open in the coming months. As one reason for its expansion, OpenAI cited the fact that, in Europe, Germany has the greatest number of users, paying subscribers and API developers building on OpenAI’s technology. “Germany is renowned for its technical expertise, academic excellence and industrial innovation,” said OpenAI CEO and co-founder Sam Altman in a statement. “So it’s no surprise it has become a world leader in AI adoption. Opening our first office…
NEW YORK, Feb. 7, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global smartphone market size is estimated to grow by USD 99.8 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 4.1% during the forecast period. Growing adoption of ai in smartphones is driving market growth, with a trend towards emergence of sensor fusion technology. However, ongoing trade wars affecting smartphone sales poses a challenge. Key market players include Acer Inc., Apple Inc., ASUSTeK Computer Inc., Google LLC, Guangdong OPPO Mobile Telecommunications Corp. Ltd., Honor Device Co. Ltd., HTC Corp., Huawei Technologies Co. Ltd., Kyocera Corp., Lava…
FAIRFAX, Va., Feb. 6, 2025 /PRNewswire/ — Pyramid Systems Inc., an award-winning, employee-owned company specializing in innovative IT solutions appoints David Chow as Chief Executive Officer, effective February 3, 2025. This transition, coinciding with the company’s 30th anniversary, marks a new chapter of growth, client impact, and industry leadership, strengthening Pyramid’s vision for the future. Chow brings 24+ years of experience in modernizing systems, leading transformations, and overseeing high-impact technology initiatives. As Chief Information Officer at the U.S. Department of Housing and Urban Development (HUD), he led the development of FHA Catalyst, a $1.3 trillion cloud-based mortgage platform that delivered $300 million in annual savings. As a global technology…
COMMERCE, Mich., Feb. 6, 2025 /PRNewswire/ — Nuspire, a leading managed security services provider (MSSP) and a PDI Technologies company, today released its Q4 and Full Year 2024 Cyber Threat Report, providing a comprehensive analysis of the evolving cyber threat landscape. The latest report reveals a significant increase in ransomware extortion publications, a shift in ransomware group dominance, and a continued rise in exploit attempts. Clop Ransomware Surges as Top Threat Actor According to the report, ransomware extortion publications rose by 46% compared to Q3, with Clop ransomware emerging as the most active group, surpassing RansomHub. Clop, known for its double-extortion tactics, leveraged multiple zero-day vulnerabilities…