AccelStor’s New NeoSapphire 3602 All-Flash Array, an SPC-1 Price-Performance Leader

AccelStor’s new all-flash array: NeoSapphire 3602

NeoSapphire 3602 ranked #3 with an excellent $0.20/SPC-1 IOPS™

We at AccelStor are proud to have our product ranked amongst the very best in the world for the SPC-1 benchmark.”

— Dr. Weafon Tsao, AccelStor Vice President

TAIPEI, TAIWAN, January 19, 2017 /EINPresswire.com/ — AccelStor, the software-defined all-flash array provider, is pleased to announce that its new NeoSapphire 3602 all-flash array is ranked #3 in the Storage Performance Council’s (SPC’s) coveted price-performance category. Based on a new Storage Performance Council SPC-1 Result, the NeoSapphire 3602 achieved rank #3 in SPC-1 Price-Performance with a rating of $0.20/SPC-1 IOPS™[1]. In addition the NeoSapphire 3602 delivers an excellent SPC-1 average response time of 0.79 ms at maximum SPC-1 throughput.

The NeoSapphire 3602 is an all-flash array that offers dual-port 16G Fibre Channel and up to 2TB of usable storage capacity in a compact 1U rackmount form factor. For enterprises, the NeoSapphire 3602 increases employee productivity, shortens application processing time, and reduces total cost of ownership (TCO).

“The SPC rankings are an important reference point for our industry and various enterprises, as they provide an independent measure of quality that buyers can trust,” said AccelStor Vice President, Dr. Weafon Tsao. “We at AccelStor are proud to have our product ranked amongst the very best in the world for the SPC-1 benchmark. This SPC-1 Result is a strong validation of our commitment to providing quality products and powerful product performance.”

Proven Storage Performance
The NeoSapphire 3602 delivered 227,970.31 SPC-1 IOPS™: excellent performance for any mission-critical application. It also achieved the outstanding SPC-1 Price-Performance of $0.20/SPC-1 IOPS™, ranking the product #3 in the SPC-1 “Top Ten” of Price-Performance. The results prove that NeoSapphire 3602 is a great solution for database and VDI applications in budget-conscious SMBs. The SPC-1 benchmark measures the performance of a storage subsystem in business critical applications that rely heavily on random I/O queries and updates. Applications include online transaction processing (OLTP), database operations, and mail servers. The SPC-1 benchmark results can be seen at: https://goo.gl/mvahpp

Suitable for Demanding Storage Applications
The NeoSapphire 3602’s superior read and write performance helps resolve storage bottlenecks, while the low latency and high reliability of the Fibre Channel interface makes this new array ideal for demanding, time-sensitive applications including banking and finance. Hot-swappable drives and dual redundant power supplies make the arrays even more reliable. A dual-port 16G Fibre Channel – backwards compatible with 8G – makes this array easy to integrate into existing SANs. The array has space for ten hot-swappable drives.

Response time/throughput data from the SPC-1 benchmark tests show that the NeoSapphire 3602’s write response time was 0.46ms, even when the array handles the benchmark’s maximum throughput/IOPS at the 100% load point. This responsive performance demonstrates the NeoSapphire 3602’s suitability for transaction time-sensitive applications, such as databases and virtualization.

Sustained Performance and Reliability
AccelStor emphasizes redundancy and seamless uptime, employing multiple data paths as well as redundant and hot-swappable components for data protection. The NeoSapphire 3602’s enterprise SSDs boost reliability, availability, and scalability. Meanwhile, Fibre Channel multipathing supports I/O load balancing and failover.

The NeoSapphire 3602 is powered by AccelStor’s exclusive FlexiRemap technology for reliability and sustained performance even in random-access scenarios demanded by enterprise applications. FlexiRemap minimizes overhead and extends SSD lifespan by greatly reducing the number of write/erase operations. To avoid unnecessary operations which could shorten drive lifespan, FlexiRemap technology remaps random data writes as sequential data writes before passing them to the underlying flash memory. The global wear-leveling algorithm ensures stability and longevity. With FlexiRemap, data is protected, drive endurance is improved, and random-access speed is accelerated.

For product details and specifications, visit the NeoSapphire 3602 product page at https://www.accelstor.com/overview.php?id=20

About AccelStor
AccelStor is accelerating the paradigm shift from conventional disk arrays to modern all-flash storage. AccelStor’s NeoSapphire series all-flash arrays, powered by FlexiRemap software technology, deliver sustained high IOPS to business-critical applications. With standard rack-mount form factors, streamlined storage management, multi-protocol support, as well as front-accessible and hot-swappable drives, NeoSapphire promises to resolve the performance bottlenecks for I/O-intensive applications like virtualization, high-performance computing, database, and media-processing applications. For more information about AccelStor and NeoSapphire, please visit www.accelstor.com.

* AccelStor, FlexiRemap, and NeoSapphire are trademarks or registered trademarks of AccelStor, Inc. in the United States of America and/or other countries.

About the SPC
The Storage Performance Council (SPC) is a vendor-neutral standards body focused on the storage industry. The SPC has created the first industry-standard performance benchmark targeted at the needs and concerns of the storage industry. From component-level evaluation to the measurement of complete distributed storage systems, SPC benchmarks will provide a rigorous, audited, and reliable measure of performance. For more details about the SPC and the SPC-1 benchmark, please visit www.storageperformance.org.

[1] The SPC-1 Executive Summary and Full Disclosure Report for the NeoSapphire 3602 are available at: http://www.storageperformance.org/results/benchmark_results_spc1_active/#a00183

Clara Lee
AccelStor, Inc.
+886 7746-7616 ext. 2561
email us here

Kroll Bond Rating Agency Comments on Renasant Corporation’s Acquisition of Metropolitan BancGroup, Inc.

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) comments on Renasant Corporation’s Acquisition of Metropolitan BancGroup, Inc.

The report makes the following key points:

  • Renasant Corporation (NASDAQ:RNST) („Renasant”), the parent company of Renasant Bank, and Metropolitan BancGroup, Inc. („Metropolitan”), the parent company of Metropolitan Bank, have announced the signing of a definitive merger agreement whereby Metropolitan and its subsidiary bank will merge with and into Renasant.
  • The all-stock transaction is currently valued at approximately $190.2 million and is expected to close in the third quarter of 2017.
  • The successful integration of the transaction is expected to catapult Renasant over the $10 billion asset threshold.
  • On June 10, 2016, KBRA assigned a senior unsecured debt rating of BBB, subordinated debt rating of BBB-, and short-term debt rating of K3 to Metropolitan BancGroup, Inc. In addition, KBRA assigned deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term debt and deposit ratings of K2 to the subsidiary bank, Metropolitan Bank.
  • On August 10, 2016, KBRA assigned a senior unsecured debt rating of BBB+, subordinated debt rating of BBB, and short-term debt rating of K2 to Renasant Corporation. Moreover, KBRA assigned deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term debt, and deposit ratings of K2 to Renasant Bank. The outlook on the long-term ratings is stable.
  • In KBRA’s view, this transaction is neutral to Renasant’s ratings and positive for Metropolitan. The rating on Metropolitan’s 6.5% subordinated notes will likely be upgraded to BBB from BBB-, in line with the subordinated debt ratings of Renasant Corporation, once the transaction closes.

The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology published on February 19, 2016.

Please click here to view the report.

About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

Atlassian Announces Second Quarter Fiscal Year 2017 Results

Quarterly revenue of $148.9 million, up 36% year-over-year

Quarterly IFRS operating loss of $2.6 million and non-IFRS operating income of $27.6 million

Quarterly free cash flow of $44.5 million

SAN FRANCISCO, Jan. 19, 2017 (GLOBE NEWSWIRE) — Atlassian Corporation Plc (NASDAQ:TEAM), a leading provider of team collaboration and productivity software, today announced financial results for the second quarter of fiscal 2017 ended December 31, 2016, and released a shareholder letter on the Investor Relations section of its website at https://investors.atlassian.com.

“We delivered great results this quarter, as we saw strong performance across our cloud, server and data center products,” said Scott Farquhar, Atlassian co-CEO and co founder. “Additionally, we announced plans to acquire Trello, a breakout collaboration service that has amassed more than 19 million registered users and is especially popular with business teams. The acquisition will extend Atlassian’s leadership in powering all work for all teams.”

Second Quarter Fiscal Year 2017 Financial Highlights:

On an IFRS basis, Atlassian reported:

  • Revenue: Total revenue was $148.9 million for the second quarter of fiscal 2017, up 36% from $109.7 million for the second quarter of fiscal 2016.
  • Operating Loss: Operating loss was $2.6 million for the second quarter of fiscal 2017, compared with operating income of $3.4 million for the second quarter of fiscal 2016.
  • Net Loss and Net Loss Per Diluted Share: Net loss was $1.7 million for the second quarter of fiscal 2017, compared with net income of $5.1 million for the second quarter of fiscal 2016. Net loss per diluted share was $0.01 for the second quarter of fiscal 2017, compared with net income per diluted share of $0.03 for the second quarter of fiscal 2016.
  • Balance Sheet: Cash and cash equivalents and short-term investments at the end of the second quarter of fiscal 2017 totaled $795.3 million.

On a non-IFRS basis, Atlassian reported:

  • Operating Income: Operating income was $27.6 million for the second quarter of fiscal 2017, compared with $20.3 million for the second quarter of fiscal 2016.
  • Net Income and Net Income Per Diluted Share: Net income was $21.7 million for the second quarter of fiscal 2017, compared with $19.1 million for the second quarter of fiscal 2016. Net income per diluted share was $0.09 for the second quarter of fiscal 2017, compared with $0.11 per diluted share for the second quarter of fiscal 2016.
  • Free Cash Flow: Cash flow from operations for the second quarter of fiscal 2017 was $47.4 million, while capital expenditures totaled $2.9 million, leading to free cash flow of $44.5 million, an increase of 55% year-over-year.

A reconciliation of IFRS to non-IFRS financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below, under the heading “About Non-IFRS Financial Measures.”

Recent Business Highlights:

  • Customer growth: Atlassian ended the second quarter of fiscal 2017 with a total customer count on an active subscription or maintenance agreement basis of 68,837, a 27% increase over December 31, 2015. Atlassian added 3,164 net new customers during the quarter.
  • Trello acquisition: On January 9, 2017, Atlassian announced that it entered into a definitive agreement to acquire Trello, one of the fastest growing cloud collaboration services. The acquisition is valued at approximately $425 million and is expected to close in the third quarter of fiscal 2017 ending March 31, 2017, subject to certain closing conditions and regulatory clearance.
  • New Chief People Officer: Atlassian welcomed Helen Russell as its new Chief People Officer in October 2016. Helen joined Atlassian from Sonos, where she was Chief Human Resources Officer, and before that ran global HR for Kantar, EMEA HR for Yahoo, and EMEA HR for Siebel Systems. Helen has a truly global background, having worked in the United Kingdom and Switzerland, as well as the United States.

Financial Targets:

Atlassian is providing its financial targets for the third quarter and full fiscal year 2017. The company’s financial targets are as follows:

  • Third Quarter Fiscal Year 2017: 
    • Total revenue is expected to be in the range of $155 million to $157 million.*
    • Gross margin is expected to be approximately 80% on an IFRS basis and approximately 84% on a non-IFRS basis. 
    • Operating margin is expected to be approximately (24%) on an IFRS basis and approximately 12% on a non-IFRS basis. 
    • Weighted-average share count is expected to be in the range of 235 million to 237 million shares on a fully diluted basis. 
    • Net loss per diluted share is expected to be approximately ($0.15) on an IFRS basis, and net income per diluted share is expected to be approximately $0.06 on a non-IFRS basis.
       
  • Fiscal Year 2017: 
    • Total revenue is expected to be in the range of $611 million to $615 million.** 
    • Gross margin is expected to be in the range of 81% to 82% on an IFRS basis and in the range of 84% to 85% on a non-IFRS basis. 
    • Operating margin is expected to be approximately (16%) on an IFRS basis and approximately 15% on a non-IFRS basis. 
    • Weighted-average share count is expected to be in the range of 234 million to 236 million shares on a fully diluted basis. 
    • Net loss per diluted share is expected to be in the range of ($0.30) to ($0.29) on an IFRS basis, and net income per diluted share is expected to be in the range of $0.32 to $0.33 on a non-IFRS basis. 
    • Free cash flow is expected to be in the range of $160 million to $165 million, which factors in capital expenditures that are expected to be approximately $15 million in fiscal 2017.

*Our third quarter fiscal 2017 revenue target includes a revenue contribution from Trello of approximately $1 million.
**Our full year fiscal 2017 revenue target includes a revenue contribution from Trello of approximately $4 million.

For fiscal year 2018, Trello is expected to be dilutive to IFRS earnings per share, and neutral to slightly accretive to non-IFRS earnings per share.
 
The above estimates relating to expected contributions from Trello include fair value write-down adjustments to acquired deferred revenue as part of purchase accounting for the acquisition.

With respect to Atlassian’s expectations under “Financial Targets” above, a reconciliation of IFRS to non-IFRS gross margin, operating margin, net income per diluted share, and free cash flow have been provided in the financial statement tables included in this press release.

Shareholder Letter and Webcast/Conference Call Details

A detailed shareholder letter is available on the Investor Relations section of Atlassian’s website at: https://investors.atlassian.com. Atlassian will host a webcast and conference call to answer questions today:

  • When: Thursday, January 19, 2017 at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time).
  • Webcast: A live webcast of the call can be accessed from the Investor Relations section of Atlassian’s website at: https://investors.atlassian.com. Following the call, a replay will be available on the same website.
  • Dial in: To access the call via telephone in North America, please dial 1-888-346-0688. For international callers, please dial 1-412-902-4250. Participants should request the “Atlassian call” after dialing in.
  • Audio replay: An audio replay of the call will be available via telephone for seven days, beginning two hours after the call. To listen to the replay in North America, please dial 1-877-344-7529 (access code 10097585). International callers, please dial 1-412-317-0088 (access code 10097585).

Atlassian has used, and will continue to use, its Investor Relations website at https://investors.atlassian.com as a means of disclosing material non-public information and for complying with its disclosure obligations.

About Atlassian

Atlassian unleashes the potential in every team. Our collaboration software helps teams organize, discuss and complete shared work. Teams at more than 68,000 large and small organizations – including Citigroup, eBay, Coca-Cola, Visa, BMW and NASA – use Atlassian’s project tracking, content creation and sharing, real-time communication and service management products to work better together and deliver quality results on time. Learn about products including JIRA Software, Confluence, HipChat, Bitbucket and JIRA Service Desk at https://atlassian.com.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward looking, including risks and uncertainties related to the anticipated benefits of the Trello acquisition, the ability of Atlassian to extend its leadership in powering all types of teamwork, the ability of Atlassian and Trello to close the announced acquisition and the timing of the closing of the acquisition, statements about Atlassian’s products, technology and other key strategic areas, and Atlassian’s financial targets such as revenue, share count and IFRS and non-IFRS financial measures including gross margin, operating margin, net income per diluted share and free cash flow.

Atlassian undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management’s beliefs and assumptions only as of the date such statements are made.

Further information on these and other factors that could affect our financial results is included in filings we make with the Securities and Exchange Commission from time to time, including the section titled “Risk Factors” in our most recent Forms 20-F and 6-K. These documents are available on the SEC Filings section of the Investor Relations section of our website at: https://investors.atlassian.com.

About Non-IFRS Financial Measures

Our reported results and financial targets include certain non-IFRS financial measures, including non-IFRS gross profit, non-IFRS operating income, non-IFRS net income, non-IFRS net income per diluted share, and free cash flow. Management believes that the use of non-IFRS financial measures provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of our results of operations, and also facilitates comparisons with peer companies, many of which use similar non-IFRS or non-GAAP financial measures to supplement their IFRS or GAAP results. Non-IFRS results are presented for supplemental informational purposes only to aid in understanding our operating results. The non-IFRS results should not be considered a substitute for financial information presented in accordance with IFRS, and may be different from non-IFRS or non-GAAP measures used by other companies.

Our non-IFRS financial measures reflect adjustments based on the items below:

  • Non-IFRS gross profit. Excludes expenses related to share-based compensation and amortization of acquired intangible assets.
  • Non-IFRS operating income. Excludes expenses related to share-based compensation and amortization of acquired intangible assets.
  • Non-IFRS net income and non-IFRS net income per diluted share. Excludes expenses related to share- based compensation, amortization of acquired intangible assets and related income tax effects on these items.
  • Free cash flow. Free cash flow is defined as net cash provided by operating activities less capital expenditures, which consists primarily of purchases of property and equipment.

We exclude expenses related to share-based compensation, amortization of acquired intangible assets and income tax effect on these items from certain of our non-IFRS financial measures as we believe this helps investors understand our operational performance. In addition, share-based compensation expense can be difficult to predict and varies from period to period and company to company due to differing valuation methodologies, subjective assumptions and the variety of equity instruments, as well as changes in stock price. Management believes that providing non-IFRS financial measures that exclude share-based compensation expense, amortization of acquired intangible assets and the tax effects on these items allow for more meaningful comparisons between our operating results from period to period.

We include the effect of our outstanding share options and restricted share units (“RSUs”) in weighted-average shares used in computing non-IFRS net income per diluted share. IFRS excludes the impact of the full weighting of these outstanding equity awards until the effectiveness of our initial public offering (“IPO”). We have presented the full weighting impact of these additional shares from previously granted share options and RSUs, as if they were outstanding from the date of grant, in order to provide investors with insight into the full impact of all potentially dilutive awards outstanding and to provide comparability across periods.

Management considers free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by our business that can be used for strategic opportunities, including investing in our business, making strategic acquisitions and strengthening our statement of financial position.

Management uses non-IFRS gross profit, non-IFRS operating income, non-IFRS net income, non-IFRS net income per diluted share and free cash flow:

  • As measures of operating performance, because these financial measures do not include the impact of items not directly resulting from our core operations; 
  • For planning purposes, including the preparation of our annual operating budget; 
  • To allocate resources to enhance the financial performance of our business; 
  • To evaluate the effectiveness of our business strategies; and 
  • In communications with our board of directors concerning our financial performance.

The tables in this press release titled “Reconciliation of IFRS to Non-IFRS Results” and “Reconciliation of IFRS to Non-IFRS Financial Targets” provide reconciliations of non-IFRS financial measures to the most recent directly comparable financial measures calculated and presented in accordance with IFRS.

We understand that although non-IFRS gross profit, non-IFRS operating income, non-IFRS net income, non-IFRS net income per diluted share and free cash flow are frequently used by investors and securities analysts in their evaluation of companies, these measures have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results of operations as reported under IFRS.

 
Atlassian Corporation Plc
Consolidated Statements of Operations
(U.S. $ and shares in thousands, except per share data)
(unaudited)
 
  Three Months Ended December 31,   Six Months Ended December 31,
  2016   2015   2016   2015
Revenues:              
Subscription $ 56,326     $ 33,911     $ 106,257     $ 64,378  
Maintenance 65,060     53,508     126,801     103,862  
Perpetual license 18,210     15,645     35,711     31,146  
Other 9,313     6,642     16,927     12,142  
Total revenues 148,909     109,706     285,696     211,528  
Cost of revenues (1) (2) 26,899     18,473     49,461     34,893  
Gross profit 122,010     91,233     236,235     176,635  
Operating expenses:              
Research and development (1) 69,758     47,846     137,215     93,306  
Marketing and sales (1) (2) 27,416     21,713     52,396     37,975  
General and administrative (1) 27,475     18,307     54,391     34,909  
Total operating expenses 124,649     87,866     244,002     166,190  
Operating income (loss) (2,639 )   3,367     (7,767 )   10,445  
Other non-operating income (expense), net (251 )   (181 )   (314 )   (784 )
Finance income 1,441     123     2,763     169  
Finance costs (38 )   (49 )   (45 )   (57 )
Income (loss) before income tax benefit (expense) (1,487 )   3,260     (5,363 )   9,773  
Income tax benefit (expense) (211 )   1,805     1,028     374  
Net income (loss) $ (1,698 )   $ 5,065     $ (4,335 )   $ 10,147  
Net income (loss) per share attributable to ordinary shareholders:              
Basic $ (0.01 )   $ 0.03     $ (0.02 )   $ 0.06  
Diluted $ (0.01 )   $ 0.03     $ (0.02 )   $ 0.06  
Weighted-average shares outstanding used to compute net income (loss) per share attributable to ordinary shareholders:              
Basic 221,316     160,328     219,910     152,168  
Diluted 221,316     165,730     219,910     155,576  
                       

_______________
(1) Amounts include share-based payment expense, as follows:

  Three Months Ended December 31,   Six Months Ended December 31,
  2016   2015   2016   2015
Cost of revenues $ 1,505     $ 1,301     $ 2,844     $ 2,507  
Research and development 16,159     7,777     33,158     13,698  
Marketing and sales 3,089     3,064     6,604     5,806  
General and administrative 7,053     2,910     15,723     7,137  

(2) Amounts include amortization of acquired intangible assets, as follows:

  Three Months Ended December 31,   Six Months Ended December 31,
  2016   2015   2016   2015
Cost of revenues $ 2,198     $ 1,830     $ 4,400     $ 3,575  
Marketing and sales 219     22     415     43  
Atlassian Corporation Plc
Consolidated Statements of Financial Position
(U.S. $ in thousands)
 
  December 31, 2016   June 30, 2016
  (unaudited)    
Assets      
Current assets:      
Cash and cash equivalents $ 336,162     $ 259,709  
Short-term investments 459,112     483,405  
Trade receivables 27,608     15,233  
Current tax receivables 6,301     6,013  
Prepaid expenses and other current assets 17,053     14,178  
Total current assets 846,236     778,538  
Non-current assets:      
Property and equipment, net 49,687     58,762  
Deferred tax assets 138,864     127,411  
Goodwill 22,584     7,138  
Intangible assets, net 17,332     13,577  
Other non-current assets 8,404     5,547  
Total non-current assets 236,871     212,435  
Total assets $ 1,083,107     $ 990,973  
Liabilities      
Current liabilities:      
Trade and other payables $ 56,245     $ 57,886  
Current tax liabilities 2,457     286  
Provisions 4,852     4,716  
Deferred revenue 195,556     173,612  
Total current liabilities 259,110     236,500  
Non-current liabilities:      
Deferred tax liabilities 9,683     6,639  
Provisions 2,169     2,170  
Deferred revenue 9,988     7,456  
Other non-current liabilities 9,955     6,545  
Total non-current liabilities 31,795     22,810  
Total liabilities $ 290,905     $ 259,310  
Equity      
Share capital $ 22,240     $ 21,620  
Share premium 447,468     441,734  
Other capital reserves 306,507     244,335  
Other components of equity 1,047     4,699  
Retained earnings 14,940     19,275  
Total equity $ 792,202     $ 731,663  
Total liabilities and equity $ 1,083,107     $ 990,973  
               
Atlassian Corporation Plc
Consolidated Statements of Cash Flows
(U.S. $ in thousands)
(unaudited)
 
  Three Months Ended December 31,   Six Months Ended December 31,
  2016   2015   2016   2015
Operating activities              
Income (loss) before income tax $ (1,487 )   $ 3,260     $ (5,363 )   $ 9,773  
Adjustments to reconcile income (loss) before income tax to net cash provided by operating activities:              
Depreciation and amortization 11,253     5,372     19,295     9,906  
Loss (gain) on sale of investments and other assets (65 )   137     (407 )   137  
Net unrealized foreign currency loss (gain) (115 )   (130 )   (208 )   434  
Share-based payment expense 27,806     15,052     58,329     29,148  
Interest income (1,441 )   (123 )   (2,763 )   (169 )
Changes in assets and liabilities:              
Trade receivables (12,695 )   (2,866 )   (12,068 )   (1,588 )
Prepaid expenses and other assets 2,416     164     (2,770 )   (2,754 )
Trade and other payables, provisions and other non-current liabilities 5,135     5,962     (3,399 )   (4,742 )
Deferred revenue 16,629     7,551     24,317     14,252  
Interest received 1,381     23     3,677     106  
Income tax paid, net of refunds (1,418 )   (2,503 )   (2,779 )   (8,200 )
Net cash provided by operating activities 47,399     31,899     75,861     46,303  
Investing activities              
Business combinations, net of cash acquired         (18,295 )    
Purchases of property and equipment (2,907 )   (3,133 )   (5,298 )   (9,288 )
Proceeds from sale of other assets         342      
Purchases of investments (81,628 )   (112,243 )   (233,364 )   (116,643 )
Proceeds from maturities of investments 22,250     15,040     57,100     34,622  
Proceeds from sales of investments 86,706         198,588      
Increase in restricted cash (3,369 )       (3,369 )    
Payment of deferred consideration (750 )       (935 )   (1,025 )
Net cash provided by (used in) investing activities 20,302     (100,336 )   (5,231 )   (92,334 )
Financing activities              
Proceeds from issuance of ordinary shares upon initial public offering, net of offering costs     433,192         431,447  
Proceeds from exercise of share options 2,151     2,291     5,868     3,502  
Employee payroll taxes paid related to net share settlement of equity awards     (5,395 )       (5,395 )
Net cash provided by financing activities 2,151     430,088     5,868     429,554  
Effect of exchange rate changes on cash and cash equivalents (435 )   285     (45 )   (349 )
Net increase in cash and cash equivalents 69,417     361,936     76,453     383,174  
Cash and cash equivalents at beginning of period 266,745     208,332     259,709     187,094  
Cash and cash equivalents at end of period $ 336,162     $ 570,268     $ 336,162     $ 570,268  
                               
Atlassian Corporation Plc
Reconciliation of IFRS to Non-IFRS Results
(U.S. $ and shares in thousands, except per share data)
(unaudited)
 
  Three Months Ended December 31,   Six Months Ended December 31,
  2016   2015   2016   2015
Gross profit              
IFRS gross profit $ 122,010     $ 91,233     $ 236,235     $ 176,635  
Plus: Share-based payment expense 1,505     1,301     2,844     2,507  
Plus: Amortization of acquired intangible assets 2,198     1,830     4,400     3,575  
Non-IFRS gross profit $ 125,713     $ 94,364     $ 243,479     $ 182,717  
Operating income              
IFRS operating income (loss) $ (2,639 )   $ 3,367     $ (7,767 )   $ 10,445  
Plus: Share-based payment expense 27,806     15,052     58,329     29,148  
Plus: Amortization of acquired intangible assets 2,417     1,852     4,815     3,618  
Non-IFRS operating income $ 27,584     $ 20,271     $ 55,377     $ 43,211  
Net income              
IFRS net income (loss) $ (1,698 )   $ 5,065     $ (4,335 )   $ 10,147  
Plus: Share-based payment expense 27,806     15,052     58,329     29,148  
Plus: Amortization of acquired intangible assets 2,417     1,852     4,815     3,618  
Less: Income tax effects and adjustments (6,861 )   (2,859 )   (14,425 )   (5,424 )
Non-IFRS net income $ 21,664     $ 19,110     $ 44,384     $ 37,489  
Net income per share              
IFRS net income (loss) per share – basic $ (0.01 )   $ 0.03     $ (0.02 )   $ 0.06  
Plus: Share-based payment expense 0.13     0.10     0.27     0.20  
Plus: Amortization of acquired intangible assets 0.01     0.01     0.02     0.02  
Less: Income tax effects and adjustments (0.03 )   (0.02 )   (0.07 )   (0.03 )
Non-IFRS net income per share – basic $ 0.10     $ 0.12     $ 0.20     $ 0.25  
               
IFRS net income (loss) per share – diluted $ (0.01 )   $ 0.03     $ (0.02 )   $ 0.06  
Plus: Share-based payment expense 0.12     0.09     0.25     0.17  
Plus: Amortization of acquired intangible assets 0.01     0.01     0.02     0.02  
Less: Income tax effects and adjustments (0.03 )   (0.02 )   (0.06 )   (0.03 )
Non-IFRS net income per share – diluted $ 0.09     $ 0.11     $ 0.19     $ 0.22  
Weighted-average diluted shares outstanding              
Weighted-average shares used in computing diluted IFRS net income (loss) per share 221,316     165,730     219,910     155,576  
Plus: Dilution from share options and RSUs (1) 13,288         14,487      
Plus: Dilution from share options and RSUs granted in periods prior to IPO (2)     14,046         16,571  
Weighted-average shares used in computing diluted non-IFRS net income per share 234,604     179,776     234,397     172,147  
Free cash flow              
IFRS net cash provided by operating activities $ 47,399     $ 31,899     $ 75,861     $ 46,303  
Less: Capital expenditures (2,907 )   (3,133 )   (5,298 )   (9,288 )
Free cash flow $ 44,492     $ 28,766     $ 70,563     $ 37,015  
                               

(1) The effects of these dilutive securities were not included in the IFRS calculation of diluted net loss per share for the three and six months ended December 31, 2016 because the effect would have been anti-dilutive.
(2) Gives effect to share options and RSUs in periods prior to our IPO for comparability.

               
Atlassian Corporation Plc
 
Reconciliation of IFRS to Non-IFRS Financial Targets
 
(U.S. $)
 
               
  Three Months Ending
March 31, 2017

  Fiscal Year Ending
June 30, 2017

Revenue   $155 million to $157 million       $611 million to $615 million  
               
IFRS gross margin   80 %     81% to 82 %
Plus: Share-based payment expense   2       1  
Plus: Amortization of acquired intangible assets   2       2  
Non-IFRS gross margin   84 %     84% to 85 %
               
IFRS operating margin   (24 %)     (16 %)
Plus: Share-based payment expense   33       29  
Plus: Amortization of acquired intangible assets   3       2  
Non-IFRS operating margin   12 %     15 %
               
IFRS net loss per share – diluted $ (0.15 )   $ (0.30) to (0.29 )
Plus: Share-based payment expense   0.22       0.75  
Plus: Amortization of acquired intangible assets   0.02       0.07  
Less: Income tax effects and adjustments   (0.03 )     (0.20 )
Non-IFRS net income per share – diluted $ 0.06     $ 0.32 to 0.33  
Weighted-average shares used in computing diluted non-IFRS net income per share   235 million to 237 million       234 million to 236 million  
           
IFRS net cash provided by operations       $175 million to $180 million  
Less: Capital expenditures       (15 million )
Free cash flow       $160 million to $165 million  
       

 

Investor Relations Contact
Ian Lee
IR@atlassian.com

Media Contact
Paul Loeffler
press@atlassian.com

Reforestum: An App to Save the Planet

As the modern and industrial world develops, the carbon footprint of each individual seems to grow. Here to help reverse the process is a bit of nascent technology dubbed Reforestum.

Valladolid, Spain — (ReleaseWire) — 01/19/2017 — Forests are without a doubt beautiful things. They provide clean air to animals, safe havens for other plants, and shelter for many creatures. Sadly, forests today are in danger. The volatile temperatures brought by global warming alongside an upward trend in deforestation are decimating forests. In fact, the World Wildlife Foundation reports that over two and a half million square feet of forest are lost to deforestation every minute.* With the role of forests being so important and their existence in such an unstable position, it is imperative that humanity works to protect its forests. Here to help humanity come together and do just that is a new app called Reforestum. Through the power of today’s technology, Reforestum aims to help every person, no matter their financial situation, become carbon neutral.

In order to achieve this goal, the app allows people to select the element of their lives they aim to make carbon neutral. Among the options are automotive transport, electric use, and more. The user then inputs various bits of information, in the case of a car this would include its make and model. Reforestum then displays the carbon footprint of its users actions. To counterbalance this footprint, users can then donate and purchase their own forests of a size corresponding to their carbon footprint. Afterwards, Reforestum users are able to track and manage the growth, carbon absorption, and tree count of their forests. Additionally, users are able to purchase amounts of forest based on a desired acreage or cost. In turn, anyone can start to balance out their carbon footprint for as little as two euros. As a side benefit, the app also contains a set of unlockable achievements named after mythological beings for their contribution to reforestation of the earth.

Perhaps the best part of this platform is its nature as a balancing solution. Instead of simply pushing for people to conserve resources and alter their lifestyle, Reforestum allows humanity to do what it does best: build. By creating a solution that is reforestation, people can feel a bit of relief from the looming problem of reforestation without the typical, yet largely impractical, ‘solutions’ of conservative use. Unfortunately, building this global-scale platform requires significant initial funding. To remedy this issue, the Reforestum team has launched a crowdfunding campaign on Kickstarter. Donors will be rewarded with their own claims to forests to track and manage as well as the sincere thanks of the entire Reforestum team. Together, Reforestum hopes to give everyone the opportunity to better their own environment.

To learn more visit the Kickstarter campaign page.

For more information on this press release visit: http://www.releasewire.com/press-releases/reforestum-an-app-to-save-the-planet-761717.htm

Media Relations Contact

Ryan Scott
Email: Click to Email Ryan Scott
Web: https://www.kickstarter.com/projects/575364783/reforestum

Global Fats and Oils Market: Rocketing Edible Oil Consumption to Unlock Growth Potential, Finds TMR

Albany, NY — (SBWIRE) — 01/19/2017 — The global fats and oils market is prophesied to climb the growth ladder with the inflating demand for palm oil, on the grounds of neutral taste, low cost, and elevated need in the bakery and processed foods industry, finds a report by Transparency Market Research (TMR), titled “Fats & Oils Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024.”

The growth of the international fats and oils market is expected to be nourished by the shift to edible oil consumption as bakery items continue the usage of harmful hydrogenated fats during production. Besides the changing eating habits of fat and oil consumers, the demand for best quality edible fats and oils will ride on the back of increasing consumption of animal food products. The list of growth drivers for the market does not end here. The leap in the requirement of substitute biodiesel fuel in the transportation sphere and rise in the overall worldwide population are also anticipated to contribute to the expansion of the global market.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17540

However, surging environmental concerns, rigorous government regulations pertaining to food safety, and spiraling health risks related to overconsumption of fats and oils, such as heart diseases and obesity, may trim down the growth of the global fats and oils market.

Nevertheless, fats and oils are predicted to secure a good future in the foods industry, owing to the significant role of dietary fats in supporting cell growth, regulating vitamins, developing hormones, and protecting the important organs of the body. Moreover, fats and oils possess a high caloric value and energy density compared to proteins and carbohydrates.

Asia Pacific is envisioned to lead the fats and oil market on account of a swelling population base, magnified health awareness, and hiked up disposable income. Following Asia Pacific, North America, Europe, and Japan are foreseen to be the dominating geographical segments in view of the increased animal products consumption and high standard of living.

Browse Full Report with ToC: http://www.transparencymarketresearch.com/fats-oils-market.html

On the basis of application, the global fats and oils market could be classified into food, industrial, personal care, animal feed, and pharmaceutical segments. Based on type, the classification could follow as palm, sunflower, olive, soybean, and rapeseed. By animal fats, butter, ghee, lard, and suet could be the key segments. The market is also segmented based on forms and sources.

The global fats and oils market report envisages Archer Daniels Midland Company, Cargill, Inc., Ajinomoto Co. Inc., Wilmar International Limited, International Foodstuff Company Holdings Ltd., Associated British Food Plc., Unilever Plc., United Plantations Berhad, and Bunge Limited as the dominating players.

Another Top 5 US Law Firm Chooses Opus 2 Magnum for the Strategic Development of Cases

The firm intends to leverage the software to modernize the way it delivers services to be more aligned with clients’ objectives

NEW YORK, NY–(Marketwired – Jan 19, 2017) – Opus 2 International, a global litigation services and software development company, today announced that one of the top 5 largest law firms in the US and worldwide has selected Opus 2 Magnum™ software for case preparation across the firm’s North American and EMEA offices. The firm sought a user-friendly and dynamic alternative to various under-utilized legacy tools it had licensed over the years. Headquartered in London and with thousands of attorneys in its US and international offices, the firm performed an exhaustive evaluation of litigation-oriented software products and ultimately chose Opus 2 Magnum for its collaborative aspects and its ability to simplify the preparation of complex MDL’s, cross border litigation and deposition-intensive matters.

For several years, eDiscovery and Big Data challenges have dominated the conversation in our industry; I’m pleased to finally have a tool that actually helps our attorneys during this critical phase of litigation — developing their case after the key documents have been found,” said a senior litigation support professional and member of the firm’s software evaluation committee. “When our litigators see Opus 2 Magnum, their eyes light up, and I know this is where they will ‘live.’ It does exactly what they need, it is easy to use, and Opus 2 carefully incorporates the suggestions from actual attorneys using Magnum.”

For this firm, finding an attorney-friendly software that picks up where eDiscovery platforms leave off was of paramount importance. Representatives of the firm cited an historic disconnect between software to manage review, pleadings and work product as well as clients’ evidentiary materials — a gap which is now bridged with Opus 2 Magnum. Additionally, the firm has gained collaborative capabilities, enabling team members to share single instances of documents, transcripts and deposition videos, as well as each other’s coding, notes and tasks.

“This has been an especially rewarding deployment of our technology,” said Graham Smith-Bernal, CEO & Founder of Opus 2. “Members of this prestigious firm have been pleased with the ease of use and performance of the software, but more importantly, they have reported that it improves the way they practice law. That is exactly our intent for the technology.”

Six leading US law firms have embarked on enterprise licenses already, driving workflow efficiency for their US operations and empowering case team members with better tools for managing work product. Opus 2 Magnum remains available on a case-by-case basis as a neutral intra-firm workspace or a proof of concept, but the company reports that a key business driver for law firms to use Opus 2 Magnum firm-wide is that their IT departments can subsequently sunset multiple legacy products, reduce costs, and boost productivity. 

Opus 2’s client portfolio includes 100 percent of the Sweet Sixteen Trans-Atlantic Law Firms, the AmLaw Global 2013 Top 10 firms, the Magic Circle and the Big Four Consulting Firms which use Opus 2 Magnum to collaborate on litigation matters.

To learn more about Opus 2 Magnum for case analysis and transcript management, please visit www.opus2.com or call +1 888 960 3117 for a demonstration.

About Opus 2 Magnum

Opus 2 Magnum is a private, cloud-based workspace from which litigators, co-counsel and experts share transcripts, key documents, exhibits, video and research and collaborate on work product for deposition and trial preparation. The collaborative workspaces unite team members so they may jointly, or individually, dissect the salient aspects of testimony and evidence, develop questioning strategies and organize the material to be presented to the court. To date, clients have used Magnum for all stages of the litigation lifecycle — from deposition preparation, to meet and confer conferences to collaboration around discovery requests and litigation preparation, and now arbitration.

About Opus 2 

Opus 2 is the only worldwide legal services company that blends sophisticated cloud technology with court reporting excellence to modernize evidence management during high-stakes matters across the globe — including litigation, arbitration hearings, depositions (US) and government inquiries. For more information about Opus 2, visit opus2.com or call +1 888-960-3117.

High Yielding Mortgage REITs Continue to Perform: Latest Reports on AGNC Investment and Annaly Capital Management

NEW YORK, NY / ACCESSWIRE / January 19, 2017 / High yielding mortgage REITs have outperformed the broader markets so far in 2017. The iShares Mortgage Real Estate Capped ETF has gained approximately 2.8 percent year-to-date, compared to a gains of 1.48 percent for the S&P 500 and 0.21 percent for the Dow Jones Industrial Average. But one of the major concerns for the industry is the possibilities of multiple rate hikes in 2017.

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The Federal Reserve raised short-term interest rates in December for just the second time since interest rates were slashed after the financial crisis. Janet Yellen recently commented that she expects the Federal Reserve to raise rates “a few times a year” through 2019.

“We expect – along with a very large caveat – that our interest rate expectations will change as our outlook for the economy changes,” she said. “[We are] expecting to increase our federal funds rate target a few times a year until, by the end of 2019, it is close to our estimate of its longer-run neutral rate of 3 percent.”

AGNC Investment Corp. (NASDAQ: AGNC)

Get Your Up-To-Date AGNC Research Report Click Here

AGNC’s shares increased 0.16 percent to close at $18.99 a share Wednesday. The stock traded between $18.96 and $19.14 on volume of 4.66 million shares traded. The company currently offers investors an annualized dividend of $2.16 for a yield of roughly 11.37 percent. AGNC is scheduled to release results for the fourth quarter of 2016 after market close on February 1st, 2017. As of September 30, 2016, the Company’s net book value per common share was $22.91, an increase of $0.69 per common share, or 3.1%, from its June 30, 2016 net book value per common share of $22.22. Shares of AGNC Investment have gained approximately 4.7 percent year-to-date.

Annaly Capital Management, Inc. (NYSE: NLY)

Get Your Up-To-Date Annaly Capital Management Research Report Click Here

Annaly Capital Management’s shares increased 0.29 percent to close at $10.27 a share Wednesday. The stock traded between $10.22 and $10.30 on volume of 4.67 million shares traded. The company currently offers investors an annualized dividend of $1.20 for a yield of roughly 11.68 percent. As of September 30, 2016, Annaly had a common stock book value per share of $11.83, compared to $11.50 at June 30, 2016. Shares of Annaly Capital Management have gained approximately 3.0 percent year-to-date.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, a CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information, please read our full disclaimer at www.rdinvesting.com/disclaimer.

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Lifetime Jewelry’s® Popular Gold Rope Chain is Deeply Discounted for Today Only

January 19, 2017 – Los Angeles

Today is a great opportunity to purchase high quality Gold Jewelry Necklace at a discounted price. Respected online retailer, Lifetime Jewelry, has just announced that they are running a special sales event today only. Customers will be able to take advantage of significant savings on a popular 2mm 24K Gold Rope Chain on Amazon.com.

“We have a fabulous team of local American jewelers who work tirelessly to produce premium quality 24K gold jewelry. Our Gold Necklace is handcrafted and exquisite quality. This gold necklace is a favorite among our customers because it’s gender neutral and very versatile. You can add a pendant if desired, or wear as it is. It’s a jewelry item that will complement any outfit”, explains Mr. Alex King, spokesman for Lifetime Jewelry.

Lifetime Jewelry uses an extra thick coating of pure 24K gold bonded to a center of semi-precious metals. The finish resembles solid gold, yet the jewelry only costs a small fraction of the price. Hypoallergenic and tarnish-resistant, Lifetime Jewelry items are made to last and suitable for all skin types.

Lifetime Jewelry has been in business since 1978. This company is committed to ensuring total customer satisfaction. They offer a 100% unconditional free lifetime replacement guarantee on every jewelry item. Customers can receive added discounts when purchasing multiple items, plus an opportunity to join the Lifetime Jewelry exclusive VIP club for added bonuses.

More information about their 2mm 24K Gold Rope Necklace and other jewelry can be found on the company website and Amazon.com storefront. The current special offer is only available for a limited time today.

About Lifetime Jewelry
Lifetime Jewelry retails high quality Gold and White Gold jewelry handcrafted in the United States. They have fashion jewelry sets for women, men and children. All products by Lifetime Jewelry are covered by a Lifetime Guarantee against any damage or wear.

Contact

Alex King
Lifetime Jewelry
Tel: 1 (843) 900-7343
Email: contact@lifetimeproductsgroup.com

SenesTech to Ring Nasdaq Stock Market Closing Bell on January 20th

FLAGSTAFF, Ariz. and NEW YORK, Jan. 19, 2017 /PRNewswire/ — SenesTech, Inc. (NASDAQ: SNES), a developer of proprietary technologies for managing animal pest populations through fertility control, will celebrate its 2016 initial public offering („IPO”) by ringing the Nasdaq Stock Market closing bell in New York City on Friday, January 20th. The company began trading on the Nasdaq on December 8, 2016.

SenesTech co-founders Dr. Loretta Mayer and Dr. Cheryl Dyer will be joined by several members of the SenesTech team as they ring the closing bell at 4:00pm ET (2:00pm AZ time). Commencing around 3:45pm ET, a live stream of the Nasdaq Closing Bell will be available at: 
https://new.livestream.com/nasdaq/live
or http://www.nasdaq.com/about/marketsitetowervideo.asx.

„The listing of our shares on the Nasdaq was a tremendous milestone for SenesTech’s employees and early investors, and we are honored to ring the Nasdaq closing bell in celebration of this achievement,” said Dr. Loretta P. Mayer, Chair, CEO and co-founder of SenesTech.

Dr. Mayer continued, „SenesTech’s revolutionary technology for animal pest control changes the age-old kill and kill again practice by using cutting-edge science to get to the root cause of the problem: reproduction. Our solution aims to improve the quality of human life by reducing the chances of poisoned children and pets, reducing the spread of disease, getting more of the food we grow to our tables, and reducing infrastructure damage by rats.  We aim to do this by addressing the pest population in a more humane, sustainable, non lethal, effective and environmentally neutral, manner. We look forward to the opportunity of furthering our mission in the years to come.”

About SenesTech

SenesTech has developed an innovative technology for managing animal pest populations through fertility control as opposed to a lethal approach.

The Company’s first fertility control product, ContraPest®, will be marketed for use initially in controlling rat infestations. ContraPest’s novel technology and approach targets the reproductive capabilities of both sexes, inducing egg loss in female rodents and impairing sperm development in males. Using proprietary bait stations, ContraPest is dispensed in a highly palatable liquid formulation that promotes sustained consumption by rodent communities. ContraPest is designed, formulated and dispensed to be safe for handlers and non-target species such as wildlife, livestock and pets, in a biodegradable product. In contrast, the historical approach to managing rodent pest populations, rodenticides, carries a high risk of environmental contamination and the poisoning of non-target animals, pets and children.

We believe our non-lethal approach, targeting reproduction, is more humane, less harmful to the environment, and more effective in providing a sustainable solution to pest infestations than traditional lethal pest management methods. There is currently no other non-lethal fertility control product approved by the Food and Drug Administration (FDA), or the Environmental Protection Agency (EPA), for the management of rodent populations.  We believe ContraPest® will establish a new paradigm in rodent control, resulting in improved performance in rodent control over rodenticides, without the negative environmental effects of rodenticides.  For more information visit the SenesTech website at www.senestech.com.

Safe Harbor Statement  
This release contains „forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. „Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as „may,” „future,” „plan” or „planned,” „will” or „should,” „expected,” „anticipates,” „draft,” „eventually” or „projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors and other risks identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.

 

SOURCE SenesTech, Inc.

Helping to close the IT skills gap, Arvato Bertelsmann brings CompTIA content to Skillpipe through new partnership

REDMOND, WA–(Marketwired – January 19, 2017) – Arvato Training and Education Services has entered a strategic partnership with gtslearning to deliver CompTIA courseware on Arvato’s award-winning Skillpipe platform. Colin Klein, Director of Global Business Development at Arvato, commented: “Significant effort has been invested to ensure that Skillpipe, our digital content delivery engine, is the best in the market. And as of today, Courseware Marketplace is the only place where you can get a CompTIA course delivered through Skillpipe.”

gtslearning was established in 1998 specifically to develop and promote content for CompTIA certifications and its portfolio of high-quality CompTIA-approved learning products is used by education centers across the globe. All titles are exactly matched to the requirements of the CompTIA certification exams and are fully supported with comprehensive instructor and student resources including integrated practice tests and Professor Messer videos.

Robin Adda, CEO of gtslearning said: “We are delighted to be partnering with Arvato to bring our world-class CompTIA content to their extensive industry channel. By leveraging Arvato’s network of Microsoft training partners, we will together be able to grow the market for CompTIA courses and increase the number of students qualifying successfully with CompTIA certifications. Alongside favorites such as CompTIA A+ and CompTIA Network+, the global cybersecurity concerns are also driving numbers for CompTIA Security+ and the new CSA+ which launches early 2017. This partnership will also enable us to offer our content on proven technology platforms already used by Arvato’s customer base, thus providing a seamless extension to our content delivery.”

“We look forward to building a long and exciting partnership with Arvato.”

Arvato Training and Education Services, in their global mission to close the skills gap, recognizes the competitive edge that a CompTIA certification holder has over their competition in the hiring process. Mr. Klein, stated: “In todays’ multi-vendor IT environment, the business value of a vendor-neutral certification like CompTIA is higher than ever. CompTIA certifications help IT professionals get jobs, boost their earning potential and open new career paths. There are over three million unfilled IT jobs globally and while closing the skills gap will take considerable time, this is a problem worth solving. We must all play our part in making this happen.”

On the partnership with gtslearning, Mr. Klein added: “We were very selective in our process of finding the right publisher to partner with so I am delighted to partner with gtslearning who just recently won CompTIA’s best customer service award. We share common values in that we both put our customers first. Our sails share the same wind.”

To review the new portfolio of CompTIA courses go to Courseware Marketplace http://arva.to/NGwPq.

About Arvato Training and Education Services

Winner of the 2014 Microsoft Preferred Supplier Program Excellence Award for Innovation for their training platform, Arvato Training and Education Services, part of the Bertelsmann group, is one of the world’s leading training business process outsourcing companies. Arvato provide a full suite of learning services including content conversion, global eCommerce, warehousing and distribution, digital content authoring and delivery, learner analytics, financial services and customer service support. Arvato has delivered more than 2,000,000 training materials to over 5,000 training centers covering 198 countries, seven languages and 21 currencies.

Visit for http://arva.to/tZqBP more information.

About gtslearning

Established in 1998, gtslearning is an award-winning developer and supplier of printed and digitally delivered content and learning support materials for CompTIA certifications. gtslearning has recently launched LTi , its new web-based connector that provides a simple-to-install, seamless interface between client LMSs and our hosted CompTIA CAQC content. Innovative browser-based practice labs for IT exams and exam preparation tests from leading providers are also available, as well as courseware print licenses for IT and business skills.

With offices in the US, UK, South Africa and Australia providing local sales and operational support, gtslearning’s products are all developed by industry-leading learning experts. The company prides itself on creating high-quality tools that give learners the skills they need to perform their jobs effectively and to advance their careers.

gtslearning is a CompTIA Platinum Partner and the winner of the CompTIA Best Customer Service Award 2016 and has made a significant contribution to the global growth of CompTIA certifications.

Visit www.gtslearning.com for more information.

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