Tag: Business

New SaaS-based solutions enable enterprise customers to accelerate digital transformation

EDISON, N.J. — (BUSINESS WIRE) — Brillio, a global digital technology consulting and solutions company, is partnering with Ciena to co-launch the Blue Planet Enterprise Automation Suite (BPE), which includes innovative SaaS-based network automation solutions to help enterprise IT teams achieve operational simplicity, greater visibility, and patent-pending AIOps-driven control over their multi-vendor networks.

Today’s enterprise IT organizations face a challenging landscape, made worse by the COVID-19 pandemic. Organizations need to manage multiple layers of network complexity, consisting of hundreds of edge sites, thousands of physical and virtual devices from multiple vendors, and tens of thousands of end-users and connected endpoints.

According to Gartner®, “approximately 70% of network configuration activities (i.e., changes and associated pre- and post-change activities) are manually-driven*.” Where previous operations were reactive and slow to change, a post-pandemic era has only accelerated the need for a more proactive and preemptive automated operations approach that allows for rapid change management and easy, reliable troubleshooting.

With the launch of BPE, Blue Planet and Brillio are delivering a unique suite of enterprise network automation products built to overcome the challenges faced by IT teams that operate increasingly complex networking environments using fragmented tools and manually dependent processes. The turnkey BPE automation suite, made up of Dynamic Configuration and Change Management (DCCM) and Intelligent NetOps (INO), enables rapid network configuration and change management, while intelligently optimizing for maximum performance and output.

Enterprise organizations can reduce manual intervention and reactive efforts required of administration staff while evolving to predictive operations that allow for effective Root-Cause Analysis (RCA) with patent-pending ML technology and forward-looking actions. With BPE, organizations can also gain end-to-end visibility and control of their multi-vendor network to help maximize productivity of employees, partners, and customers. In the end, enterprises can minimize operating costs and harness a holistic view of their network with AIOps-driven automation that enables identification and remediation of network issues in real time.

The BPE solution suite combines fault and performance monitoring with a set of AI-assisted capabilities to simplify, speed-up and automate network visibility and control—essentially, providing an accurate diagnosis of the root problems stemming from the most likely cause for failure or slow-down, guided remediation and automation of configuration and change management designed to eliminate the first 80% of network problems from the outset. The BPE solution set is offered as SaaS-based services to simplify the evaluation, rollout and use of these capabilities.

“Our partnership with Brillio underscores our shared commitment to help enterprises digitally transform their businesses and unlock new revenue opportunities,” said Rick Hamilton, Senior Vice President of Blue Planet, a division of Ciena. “We are combining Blue Planet’s heritage in Intelligent Network Automation with Brillio’s leadership in digital transformation to create open, software-driven network architectures. Brillio will continue to be a key partner as we accelerate our initiatives in DevOps, SaaS platform offerings, and R&D investments.”

Blue Planet and Brillio will co-invest in bringing the new Network Automation Suite to the enterprise market. The partnership combines the strategic advantages of both firms, with Blue Planet leveraging its software portfolio and extensive track record in the service provider market, and Brillio bringing to the table its domain expertise in product design and engineering, as well as deep and diversified experience in the enterprise market. Brillio recently launched a Brillio-branded BPE microsite designed to establish market awareness and help Brillio customers and prospects to learn more about the new automation suite.

“We are excited to grow our partnership with Blue Planet as we co-develop and launch disruptive enterprise solutions that will spur greater innovation and together helps us address the large and growing enterprise networking automation market,” said Raj Mamodia, CEO of Brillio. “Our relationship with Blue Planet clearly demonstrates our key capabilities and leadership across Product Development (UX/UI), SaaS, and Network Automation. Together, we look forward to launching innovative cloud and network automation solutions to help businesses accelerate and scale their digital transformation initiatives.”

For more details on the Brillio- Blue Planet alliance, visit: www.brillio.com/alliances/blue-planet and watch this video.

*Gartner, ‘How to Reduce Technical Debt in Enterprise Networks,’ Andrew Lerner, Sanjit Ganguli, Josh Chessman, November 27, 2019. Refreshed in April 2021. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission.

About Brillio

At Brillio, our customers are at the heart of everything we do. We were founded on the philosophy that to be really good at something, you need to be unreasonably focused. That’s why we are relentless about delivering the technology-enabled solutions our customers need to thrive in today’s digital economy. Simply put, we help our customers accelerate what matters to their business by leveraging our expertise in agile engineering to bring human-centric products to market at warp speed. Born in the digital age, we embrace the four superpowers of technology, enabling our customers to not only improve their current performance but to rethink their business in entirely new ways. Brillio has exceptional employees worldwide and is trusted by hundreds of Fortune 2000 organizations across the globe. To learn more follow us @brillioglobal and visit our website at www.brillio.com.

About Blue Planet

Blue Planet provides proven software solutions that accelerate digital transformation through intelligent automation. With more than 200 deployments worldwide, our modular, vendor-agnostic product portfolio enables real-time visibility and control to manage changing network operating environments. Backed by a global team of delivery specialists and an ecosystem of partners, Blue Planet is a division of Ciena that combines expertise across IT, network, and business operations to enable the agility necessary for creating differentiated end-customer experiences. www.blueplanet.com

Note to Ciena Investors

You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent News financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, because of risks and uncertainties, including those detailed in our most recent annual and quarterly reports filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Contacts

Alex Sheehan

Brillio@finnpartners.com

MT. LAUREL, N.J. — (BUSINESS WIRE) — inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications, today announced the appointment of Richard Rogoff to the newly created position of Vice President of Corporate Development effective October 1, 2021. Mr. Rogoff will be a member of the leadership team and report to inTEST’s President and CEO Richard N. “Nick” Grant, Jr. He will lead the development and execution of activities in support of the Company’s growth strategy, including mergers and acquisitions (M&A), strategic partnerships and joint ventures, and other related activities.

“To effectively execute our strategy for growth, we have to establish the infrastructure from which we can scale and ensure we are investing in the resources needed for success. Rich’s strong background and vast expertise in business development, M&A pipeline generation, and strategic opportunity evaluation and integration, combined with broad international experience, makes him a valuable addition to our leadership team,” commented Mr. Grant. “Rich has an impressive track record of success and his addition will be vital as we continue to innovate creative test and process solutions for our targeted markets.”

With nearly 30 years of business development, operational, financial, and international expertise, Mr. Rogoff most recently has advised many clients on their M&A processes including working with inTEST over the last six months. Previously, he spent seven years with Onto Innovation Inc. (formerly Rudolph Technologies Inc.), a semiconductor capital equipment supplier. He held the positions of Vice President and Business Unit Manager for advanced packaging and flat panel display lithography systems and later managed the company’s newly formed M&A integration office as Vice President Strategic Initiatives and Integration Management Office. Prior to that, he spent more than 20 years with ASML Inc., a semiconductor capital equipment supplier based in the Netherlands where he held a number of successively challenging positions including the Vice President Business Development & Business Unit Manager Optics and Vice President European Sales & Worldwide Account Support.

Mr. Rogoff holds a BS in Microelectronic Engineering from the Rochester Institute of Technology in Rochester, NY, and an MBA for Executives from INSEAD in Paris, France.

About inTEST Corporation

inTEST Corporation is a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets including automotive, defense/aerospace, medical, industrial, semiconductor and telecommunications. Backed by decades of engineering expertise and a culture of operational excellence, inTEST solves difficult thermal, mechanical and electronic challenges for customers worldwide while generating strong cash flow and profits. The Company’s strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach and market expansion. For more information visit www.intest.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of our plans, strategies and intentions, or our future performance or goals, that are based upon management’s current expectations. Our forward-looking statements can often be identified by the use of forward-looking terminology such as “believes,” “expects,” “intends,” “may,” “will,” “should,” “plans,” “projects,” “forecasts,” “outlook,” “anticipates” or similar terminology. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

Such risks and uncertainties include, but are not limited to, any mentioned in this press release as well as the impact of the COVID-19 pandemic on our business, liquidity, financial condition and results of operations; indications of a change in the market cycles in the Semi Market or other markets we serve; changes in business conditions and general economic conditions both domestically and globally; changes in the demand for semiconductors; the success of our strategy to diversify our business by entering markets outside the Semi Market; our ability to successfully consolidate our EMS operations without any impact on customer shipments, quality or the level of our warranty claims and to realize the benefits of the consolidation; the possibility of acquisitions or dispositions and the successful integration of any acquired operations; our ability to borrow funds or raise capital to finance potential acquisitions; changes in the rates and timing of capital expenditures by our customers; and other risk factors set forth from time to time in our Securities and Exchange Commission filings, including, but not limited to, our annual report on Form 10-K for the year ended December 31, 2020. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks to circumstances only as of the date on which it is made. We undertake no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

Contacts

inTEST Corporation

Duncan Gilmour

Treasurer and Chief Financial Officer

Tel: (856) 505-8999

Investors:

Deborah K. Pawlowski

Kei Advisors LLC

dpawlowski@keiadvisors.com
Tel: (716) 843-3908

NEWARK, N.J. — (BUSINESS WIRE) — PROFIT is the first online business bank account that blends modern banking with accounting software in one platform – automatically completing your bookkeeping and accounting for free.

Founded by two software engineers who grew up in underserved areas (Newark, NJ & Union, NJ), Vin Montes & Frantz Romain personally know what it’s like to fend for themselves in an underserved financial business environment. Frantz Romain attended New Jersey Institute of Technology (NJIT) and Vin Montes attended Fairleigh Dickinson University (FDU) in NJ. They recognized the help minority small business owners needed and built a banking platform to help them.

PROFIT’s founders include:

• Vin Montes, a prior business owner, US Air Force veteran, and software engineer who developed a global financial spend application for UPS.
• Frantz Romain, a prior business owner, and software engineer who worked with Mr. Montes for two years developing a global financial spend application for UPS. The technology he built with Mr. Montes was awarded Red Hat’s 2018 Global Innovation Award (prior winners include Barclays, Deutsche Bank, & BBVA)

PROBLEM

Minority small businesses continue to be underserved by banks. Lacking support from the financial industry, they struggle to access capital and easy-to-use financial tools. Overwhelmed with responsibilities, most minority business owners lack the time and financial background to manage complex accounting software.

THE PROFIT SOLUTION

PROFIT’s founders decided to build the first All-in-One business bank account with accounting technology that does their member’s bookkeeping and accounting for free.

“We personally know what it’s like to be left behind and fend for ourselves in an underserved environment. This motivated us to build a technologically advanced bank that would take some of the financial burdens away from underserved business owners so they could focus on growing their business the best way they can.” – CEO/Co-founder Vin Montes.

“It is hard for a business owner to know how their company is doing financially compared to their industry. To solve this problem we provide our members with real-time Profit & Loss statements that benchmark their net profit with their industry’s average. This helps the owner understand how their business is doing financially compared to their industry. – CTO/Co-founder Frantz Romain.

PROFIT also captures receipts via text message & automatically matches them to the correct transaction. It then auto-reconciles all their accounts saving their members days of tedious accounting work.

PROFIT GIVES BACK

Black and Latino business owners are half as likely to be approved for bank loans than Whites. That was the case even when Black, Latino, and White applicants were all categorized as low credit risk, according to a 2020 Federal Reserve study. As further validation of the uphill battle Black & Latino’s face in getting the business help they need, Forbes published that 37.9% of Black businesses reported being discouraged from applying for a business loan, compared to 12.7% of white-owned businesses.

PROFIT’s founders experienced this first-hand when they were turned down for a business loan.

To help alleviate the problem, PROFIT offers all their members a 0% interest revolving line of credit. “We take a portion of our revenue and fund a revolving line of credit for all our members. We know what it’s like to be turned down for loans even if you have a good business. We do not ask for a credit check and the funds are available the next business day.” – CEO/Co-founder Vin Montes.

ASK

If you would like to help or support PROFIT’s cause in any way please contact info@bankwithprofit.com.

To sign up for a PROFIT business bank account or to learn more, visit www.bankwithprofit.com.

Contacts

MEDIA INQUIRIES

Vin Montes

CEO & Founder

info@bankwithprofit.com
Media Kit: https://www.bankwithprofit.com/post/media-kit

LOS ANGELES — (BUSINESS WIRE) — Demonstrating a very strong commitment to diversity and opportunity in the transportation sector, Los Angeles SkyRail Express (LASRE) is partnering with 33 Disadvantaged Business Enterprises (DBEs) as it performs pre-development work on an innovative monorail transportation solution for LA’s traffic-congested Sepulveda Pass/405 Corridor between the San Fernando Valley, Westside, and ultimately LAX.

Going beyond meeting minimum requirements called for in its Pre-Development Agreement (PDA) contract with the Los Angeles County Metropolitan Transportation Authority (Metro), LASRE is proactively affording every practicable opportunity for the DBE community to participate in the Sepulveda Transit Corridor Project.

“Diversity and inclusion are core values for the LASRE team,” said Teresa Maxwell, LASRE DBE Liaison Manager. “DBEs are an integral part of the team and the LASRE Academy workshops and DBE mentoring plan demonstrate our commitment to including small minority and women-owned firms and supporting them throughout every phase of the project so they are successful.”

The LASRE team is comprised of several of the nation’s and the world’s leading transportation, construction, engineering, finance, and technology companies. This predominantly local team is led by John Laing, Skanska, BYD, Gensler, HDR, ACI, and Innova.

Each firm is either headquartered in Los Angeles or has a major regional center here. Combined, the team employs over 2,300 workers in the Los Angeles metro area.

LASRE’s DBE Contracting Outreach and Mentoring Plan builds further upon this commitment by engaging individual DBEs as protégés in a customized Mentor-Protégé Program that addresses their unique needs and focuses on helping the DBE protégés meet strategic business objectives. Additionally, through the LASRE Academy, workshops will be offered to DBE teaming partners to ensure capacity building opportunities are available to small businesses on the project.

If ultimately selected as Metro’s preferred team and technology, LASRE proposes to link the historically underserved San Fernando Valley to the Westside transportation and education hubs, including options to connect directly with UCLA, with a straddle monorail system that runs on narrow guide beams that both support and guide the trains.

Straddle-type urban monorail is proven to provide safe, comfortable and reliable transportation in dense urban areas all over the world, with the International Monorail Association listing straddle-type urban monorail transit systems in 42 cities worldwide, moving millions of passengers per day.

LASRE team members have worked on several such projects. For example, the Team’s lead structural engineering firm, Innova, itself a certified DBE, has provided structural design services on new monorail systems under construction in some of the world’s largest cities, including Bangkok, Cairo, and Sao Paulo. Further, BYD has extensive experience with such systems, including 14 contracted straddle-type monorail and automated people mover systems in operation, construction, or planning, in both Asia and the Americas.

In addition, LASRE technology supplier BYD also is a member of two teams that have been short-listed to build advanced technology automated people mover projects on the East Coast. BYD is part of Liberty Integrated Connectors, a team vying to build, operate, and maintain a new AirTrain system at Newark Liberty International Airport in New Jersey; and also is a member of The LaGuardia Connectors, a team vying to build, operate, and maintain an AirTrain system for New York’s LaGuardia Airport.

Finally, LASRE’s selected lead construction company, Skanska, has compiled a very strong track record of success in Los Angeles County, both as a builder of several of Metro’s rail rapid transit lines, and as the builder of many Caltrans and local highway and bridge projects, employing thousands of local construction workers and many DBE firms.

Disclaimer

Because Metro has not completed a CEQA review, the information contained herein does not constitute or evidence an approval by Metro of, or commitment of Metro to, any action for which prior environmental review is required under CEQA. Metro retains the absolute sole discretion to make decisions under CEQA, which discretion includes, without limitation (i) deciding not to proceed with the Project (known as the “no build” alternative) and (ii) deciding to approve the Project. There will be no approval or commitment by Metro regarding the development of the Project, unless and until Metro, as the Lead Agency, and based upon information resulting from the CEQA environmental review process, considers the impacts of the Project.

Contacts

Jim Skeen

Jim.skeen@byd.com

New ASTV Offers Remote Oversight of Redundant Chilled Water System

MONTVILLE, N.J. — (BUSINESS WIRE) — #aerospace—Marotta Controls, a rapidly growing aerospace and defense supplier, announced the availability of its advanced Automatic Source Transfer Valve (ASTV) system designed to cool shipboard combat systems computing cabinets. The ASTV is a smart thermal management solution fully integrated with an electronic controller capable of communicating directly with shipboard mission control systems for simplified, remote utility management.

Power dissipation in large shipboard computing systems is mitigated by using circulated chilled water. Traditional chilled water systems are basic and inefficient, requiring manual monitoring and mechanical control at the site. Customers engaged Marotta to design and develop a modernized solution that would deliver benefits such as real-time, dynamic monitoring of system health and performance as well as remote control options.

The resulting design leverages the expertise of three Marotta technology disciplines: controller, firmware, and valve.

Smart Water Circulation via Smart Valves

The ASTV is a three-assembly system. It includes one electronic control panel and two valve/source assemblies for redundancy purposes.

The source assembly incorporates two Marotta proportional control valves, one managing water supply and the other water return. Each valve is equipped with sensors gauging valve position, temperature and differential pressure—information used by the control panel to modulate water flow through the computing cabinets’ exchangers.

Key features and capabilities include:

• Control panel monitoring status of both sources
• Automatic switch to alternate/redundant source if current source becomes non-compliant
• Configurable parameters
• Manual override ability
• Environmentally sealed for salt/fog, spray
• Major components top accessible for easy maintenance
• Qualified to military standards for naval combat systems (shock, vibration, corrosion, noise, etc.)

“We had initially developed the smart controller to replace mechanical relay logic with solid-state. This system ensured proper data processing performance by remotely monitoring everything from humidity and temperature to power draw and thermals,” said Brian Fly, Vice President, Marine Systems, Marotta Controls. “We then took that methodology and added it to the chiller system to complete the modernization of combat system thermal management. As a result, naval crew do not have to man the combat computers at their location, giving them the ability to deploy elsewhere as needed without sacrificing timely oversight of such a crucial system.”

For more information, visit Marotta’s Thermal Management Systems page.

About Marotta Controls

Founded in 1943, Marotta Controls is a fully-integrated solutions provider which designs, develops, qualifies and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.

Contacts

Heather Ailara

211 Communications

+1.973.567.6040

heather@211comms.com

Katee Glass

Marotta Controls, Inc.

kglass@marotta.com