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BusinessGlobeNewswireQuorum Announces Year End 2020 Results Release Date, Conference Call and Webcast Details
CALGARY, Alberta, April 07, 2021 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX Venture: QIS) ("Quorum"), a leading provider of SaaS-based software technology to the automotive industry, intends to release its Year End 2020 Annual Results after markets close on Wednesday, April 21, 2021. Maury Marks, President and Chief Executive Officer and Marilyn Bown, Chief Financial Officer will present the Year End 2020 Annual Results at a conference call with concurrent audio webcast, scheduled for: Date:Thursday, April 22, 2021Time: 9:00 am MSTDial-In #:Toll-Free North America: 1 (844) 967-3741Webcast Link:2020 Year End Results Webcast The Year End 2020 Results Investor Presentation, a replay of the conference call and transcripts of the conference call will also be available at www.QuorumInformationSystems.com. About Quorum Information Technologies Inc. Quorum is a North American company focused on developing, marketing, implementing and supporting its portfolio of software and services for automotive dealerships that includes: XSellerator, a Dealership Management System (DMS) that automates, integrates and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction.DealerMine CRM, a sales and service Customer Relationship Management (CRM) system and set of Business Development Centre services that drives revenue into the critical sales and service departments in a dealership.Autovance, a modern retailing platform that helps dealerships attract more business through Digital Retailing, improve in-store profits and closing rates through its desking tool and maximize their efficiency and CSI through Autovance’s F&I menu solution.Advantage, a full showroom system for independent dealerships and a management system that also includes in-house leasing, inventory management, and accounting. Quorum Information Technologies Inc. is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS. For additional information please go to www.QuorumInformationSystems.com. Forward-Looking InformationThis press release may contain certain forward-looking statements and forward-looking information ("forward-looking information") within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "expect", "may", "will", "project", "should" or similar words suggesting future outcomes. Quorum believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Quorum's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release. Contact: Maury Marks 403-777-0036Investors@QuorumInfoTech.com PDF available: http://ml.globenewswire.com/Resource/Download/8150f1c3-ed85-49f1-b508-301dd223c0c5
BusinessGlobeNewswireBIO-key Expands Channel Alliance Partner Program in Africa, Adding Kenya-Based Cyber Security Provider Kristel Communication to Sell its Biometric and Identity and Access Management Solutions in High-Growth East African Markets
NAIROBI, Kenya and WALL, N.J., April 07, 2021 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced it has added Nairobi, Kenya-based Kristel Communication Ltd., a leading provider of cyber security solutions in Africa, to its BIO-key Channel Alliance Partner Program. Kristel Communication will sell BIO-key’s PortalGuard cloud based Identity as a Service (IDaaS) solution and its biometric hardware and software solutions to commercial and government accounts through its reseller network in Kenya and other East African countries. Kristel Communication is a leading cyber security solutions provider in Kenya and Eastern Africa with a broad reseller network and diverse array of cutting-edge network solutions that complement PortalGuard IDaaS and BIO-key’s biometric offerings. Kristel is the country partner for Bitdefender, which runs on over 500M systems worldwide, and is a distribution partner for Endpoint Protector, a data loss prevention solution for personal information and intellectual property recognized as a premier solution in Gartner's latest Enterprise DLP Magic Quadrant. “We are anxious to begin selling BIO-key’s PortalGuard IDaaS solution through our reseller network,” affirmed Ben Obinju, CEO of Kristel Communication. “Our experience with selling cloud-delivered security solutions will be critical as we introduce the PortalGuard platform to our customers. Our customers expect a reduced total cost of ownership by moving to a SaaS model of delivery since the overhead burden of hosting and maintaining the solution is no longer necessary. Many of our customers, such as those in financial services will also take advantage of the integrated biometric solutions that BIO-key offers.” “We are excited to welcome Kristel Communication to our Channel Alliance Partner Program and expand our footprint in Africa,” said Michael DePasquale, Chairman and CEO of BIO-key International. “Kristel has a demonstrated track record of exceptional customer service, a critical factor for us as we expand into new markets. Our IDaaS solution is a great fit for Kristel and their customers. IAM technology needs to be flexible, available everywhere, and highly reliable, allowing customers to focus on their mission. Integrated biometrics is also extremely important for many of Kristel’s target markets. Kristel has outstanding experience selling cybersecurity solutions in Kenya and other countries in East Africa. They have developed a strong reseller network throughout the region and provide excellent support, ensuring high levels of customer satisfaction.” PortalGuard IDaaS’s unmatched security, flexibility, ease of deployment and support for fifteen different authentication factors allows customers across myriad industries to become secure “cloud first” businesses, while maintaining the highest levels of security. PortalGuard IDaaS includes BIO-key’s NIST-certified device-or-server biometric authentication factors, along with fourteen other factor options for flexible authentication. As the demand for always-on cloud computing rises to all-time highs with the global shift to work-from-anywhere, PortalGuard IDaaS lets customers leverage existing authentication factors, accelerate deployments, cut costs and simplify operations instead of managing a mission-critical IAM solution on premise. IDaaS is expected to experience strong growth. Gartner anticipates a 35 percent global increase in midsize and larger organizations using identity and access management capabilities delivered via SaaS to fulfill most of their identity needs, a prediction made prior to the COVID-19 driven shift to work-from-anywhere. Gartner also predicts growth for biometric authentication given its lower deployment costs, better phishing resistance and superior user experience. BIO-key’s PortalGuard IDaaS and biometric solutions are an efficient and proven means for customers to be ready for whatever challenges the future brings. About BIO-key International, Inc. (www.bio-key.com)BIO-key is revolutionizing authentication with biometric centric, multi-factor identity and access management (IAM) solutions, including its PortalGuard IAM solution, that provide convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's proprietary software and hardware solutions, with industry-leading biometric capabilities, enable large-scale on-premise and Identity-as-a-Service (IDaaS) solutions, including customized enterprise and cloud solutions. About Kristel Communications, Limited (KLC) (www.kristel.co.ke)Kristel Communication is a leading cyber security solutions provider in Kenya and has been in the ICT industry offering diverse and leading network solutions. KCL focuses on offering our clients the best and leading solution products, that are current and relevant in managing any network. BIO-key Safe Harbor StatementAll statements contained in this press release other than statements of historical facts are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to execute and deliver on contracts in Africa; our ability to expand into Asia, Africa and other foreign markets; the duration and severity of the current coronavirus COVID-19 pandemic and its effect on our business operations, sales cycles, personnel, and the geographic markets in which we operate; delays in the development of products and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption see "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020 and other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company undertakes no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise. Additionally, there may be other factors of which the Company is not currently aware that may affect matters discussed in forward-looking statements and may also cause actual results to differ materially from those discussed. In particular, the consequences of the coronavirus outbreak to economic conditions and the industry in general and the financial position and operating results of our company in particular have been material, are changing rapidly, and cannot be predicted. Engage with BIO-key:Facebook – Corporate: https://www.facebook.com/BIOkeyInternational/LinkedIn – Corporate: https://www.linkedin.com/company/bio-key-internationalTwitter – Corporate: @BIOkeyIntlTwitter – Investors: @BIO_keyIRStockTwits: BIO_keyIR Media ContactErin KnappMatter CommunicationsBIO-key@matternow.com914-260-3158Investor ContactWilliam Jones, David CollinsCatalyst IRBKYI@catalyst-ir.com212-924-9800
BusinessGlobeNewswireRobotic Process Automation Market to Hit USD 6.10 Billion by 2027 Backed by Increasing Demand for Digitalization, reports Fortune Business Insights™
List of the Companies Profiled in the Market Are : Automation Anywhere (California, United States), Blue Prism PLC (Warrington, United Kingdom), IPsoft Inc. (New York, United States), Kofax, Inc. (California, United States), Nice Systems Ltd. (Ra'anana, Israel), NTT Advanced Technology Corporation (Kanagawa, Japan), Pegasystems, Inc. (Massachusetts, United States), Redwood Software (Houten, Netherlands), Uipath SRL (New York, United States), OnviSource, Inc. (Texas, United States)Pune, India, April 07, 2021 (GLOBE NEWSWIRE) -- The global robotic process automation market size is expected to experience a considerable growth by reaching USD 6.10 billion by 2027 while exhibiting an astounding CAGR of 24.9% between 2020 and 2027. This is attributable to the rising COVID-19 incidence that is driving the demand for RPA services across healthcare facilities. This information is published by Fortune Business Insights, in its latest report, titled, “Robotic Process Automation Market Size, Share & COVID-19 Impact Analysis, By Deployment (On-Premises, Cloud), By Operation (Rule-Based, Knowledge-Based), By Application (Administration and reporting, Customer Support, Data Migration & Capture Extraction, Analysis, Others), By Industry (Retail, Manufacturing and Logistics Industry, BFSI, Healthcare, IT and Telecom, Hospitality, Others) and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 1.03 billion in 2019 and the increasing adoption of digitalization is expected to favor the growth of the market during the forecast period. List of the Companies Profiled in the Market: Automation Anywhere (California, United States)Blue Prism PLC (Warrington, United Kingdom)IPsoft Inc. (New York, United States)Kofax, Inc. (California, United States)Nice Systems Ltd. (Ra'anana, Israel)NTT Advanced Technology Corporation (Kanagawa, Japan)Pegasystems, Inc. (Massachusetts, United States)Redwood Software (Houten, Netherlands)Uipath SRL (New York, United States)OnviSource, Inc. (Texas, United States)EdgeVerve Systems Limited (Karnataka, India)HelpSystems (Minnesota, United States)FPT software (Hanoi, Vietnam)Xerox Corporation (Connecticut, United States)Daythree Business Services Sdn Bhd (Selangor, Malaysia)Kryon Systems (New York, United States)Softomotive (London)Genpact Ltd (New York, United States)AntWorks (Singapore)KPGM (Amstelveen, Netherlands) Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/robotic-process-automation-rpa-market-102042 Robotic process automation is a type of modern technology that allows the configuration of software to integrate and emulate the actions of a human. The technology further allows advanced and sophisticated interaction of digital systems that aid in execution of efficient business processes. Additionally, the adoption of artificial intelligence and metaphorical software robots to expedite the overall process and reduce operating costs of a business is driving the demand for these advanced solutions across several industrial applications. What does the Report Include? The report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027. DRIVNG FACTORS Surging COVID-19 Cases Propel Demand for Advanced Robotic Process Automation Solutions The novel coronavirus has led to a massive pressure on healthcare services across the globe. The increasing focus on reducing the burden of medical professionals is propelling the healthcare companies to focus on adopting solutions that efficiently handle operations, while reducing cost largely. In addition to this, the increasing adoption of digitalization in industrial application across utility, insurance, and banking companies is expected to boost the integration of RPA solutions. These factors are anticipated to contribute to the growth of the global robotic process automation market in the forthcoming years. Get Sample PDF Brochure- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/robotic-process-automation-rpa-market-102042 Increasing Adoption of Advanced Technologies amid COVID-19 to Stoke Demand The healthcare sector is experiencing tremendous burden as all the resources are working towards containing the widespread effects of the global pandemic. Owing to the restrictions imposed by the government to limit the intervention of humans, the companies are rapidly adopting automated services such as robots or bots across several industrial applications such as automotive, healthcare, and manufacturing. These developments are expected to favor the growth of the global market in the near future. SEGMENTATION Data Migration & Capture Extraction Segment Held a Market Share of 16.3% in 2019 The data migration & capture extraction segment, based on application, is expected to gain momentum owing to the rising demand of consumers to obtain instant and fast solutions for their queries. REGIONAL INSIGHTS North America to Remain Dominant; Increasing Adoption of Automation to Favor Growth Among all the regions, North America stood at USD 382.9 million in 2019 and is anticipated to hold the highest position in the global robotic process automation market during the forecast period. This dominance is attributable to the surging demand for advanced automation solutions to smoothen the overall work process by several small, medium, and large enterprises in the region. The market in Asia-Pacific is expected to showcase an exponential growth backed by the growing demand for automation services across several industrial applications such as healthcare, automotive, and manufacturing in the region between 2020 and 2027. Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/robotic-process-automation-rpa-market-102042 COMPETITIVE LANDSCAPE Adoption of Innovative Technologies by Major Companies to Amplify Market Prospects The global robotic process automation market size is fragmented by the presence of several major players that are striving to strengthen their positions and gain a competitive edge over their rivals. They are doing so by focusing on developing advanced RPA technology to cater to the growing demand for efficient and affordable solutions by businesses across the globe. Industrial Development: April 2020 – Automation Anywhere announced the launch of a new robotic process automation solution amid COVID-19. According to the company, the advanced solution aims at empowering government organizations, healthcare, and other enterprises to maintain business continuity and remote working programs. DRIVING FACTORS Increasing Adoption of Artificial Intelligence and Cloud-Based Solutions to Surge Demand for RPA Robotic process automation is in demand by organizations to handle complex unstructured information and automate any business functionality from end to end. Companies are combining artificial intelligence as well as cognitive technologies with RPA to extend the horizons of business process automation. These tools automatically observe the work activities, recognize optimal workflows, and suggest an automation path to the business. RPA combined with artificial intelligence access unstructured information such as audio, video, and human chat conversation to make end-to-end automation possible. Furthermore, rising deployment of PaaS, IaaS, and SaaS offerings for cloud computing, customer relationship management, co-operative robot learning, resource management, and network connectivity, among others is expected to boost the demand for these solutions. Digital Transformation Efforts by Industries to Drive the RPA Adoption The robotic process automation is adopted by almost every industry for seamless and automated business processes. However, the demand for this tool is high from banks, insurance, utility and telecom companies. These companies usually have many legacy systems and therefore prefer RPA solutions for automation and integration of functionality. By using this tool, businesses can boost their digital transformation initiatives and unlock the cost allied with past technology investments. Besides, software bigwigs such as Microsoft Corporation, IBM Corporation, and SAP are acquiring or partnering with RPA software providers. These factors are indirectly creating awareness of this software amongst their customer base. On the other hand, new vendors are grabbing the opportunity by adopting RPA for digital business demands such as real-time analytics and event stream processing. RESTRAINING FACTORS Infrastructure and Customization Issue Associated with RPA to Impede Market Growth For deploying an RPA solution, a company needs to have proper infrastructure and a professional team to look after all the processes. Setting up infrastructure and hiring professionals or training existing employees, and installing thousands of bots is difficult, complex and expensive. The platform on which RPA bots works often changes, and the required flexibility isn’t always configured into the bots. Therefore, many organizations avoid deploying RPA for their businesses. Additionally, as this is a tool that requires unique identity and latest technology, it is difficult to implement customization as per the company’s requirement. This is expected to hinder the growth of the global market during the forecast period. Quick Buy – Robotic Process Automation Market Research Report https://www.fortunebusinessinsights.com/checkout-page/102042 Detailed Table of Content - Introduction Definition, By SegmentResearch Methodology/ApproachData Sources Executive SummaryMarket Dynamics Macro and Micro Economic IndicatorsDrivers, Restraints, Opportunities and TrendsImpact of COVID-19 Short-term ImpactLong-term Impact Competition Landscape Business Strategies Adopted by Key PlayersConsolidated SWOT Analysis of Key PlayersPorter’s Five Force AnalysisGlobal Market Share Analysis and Matrix, 2019 Key Market Insights and Analysis, By SegmentsGlobal Robotic Process Automation Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027 By Deployment (Value) On-PremisesCloud By Operation (Value) Rule-BasedKnowledge-Based By Application (Value) Administration and reportingCustomer SupportData Migration & Capture ExtractionAnalysisOthers By Industry (Value) RetailManufacturing and Logistics IndustryBFSIHealthcareIT and TelecomHospitalityOthers By Region (Value) North AmericaEuropeAsia PacificMiddle East & AfricaLatin America North America Robotic Process Automation Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027 By Deployment (Value) On-PremisesCloud By Operation (Value) Rule-BasedKnowledge-Based By Application (Value) Administration and reportingCustomer SupportData Migration & Capture ExtractionAnalysisOthers By Industry (Value) RetailManufacturing and Logistics IndustryBFSIHealthcareIT and TelecomHospitalityOthers By Country (Value) United StatesCanada TOC Continued...!! Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/robotic-process-automation-rpa-market-102042 Have a Look at Related Research Insights: Industry 4.0 Market Size, Share and Industry Analysis, By Application (Industrial Automation, Smart factory, Industrial IoT), By Vertical (Manufacturing, Energy & Utilities, Automotive, Transportation, Chemical, Pharmaceuticals, Consumer Electronics, Metals, Others) and Regional Forecast, 2019-2026 Intelligent Virtual Assistant Market Size, Share and Global Trend By Technology (Speech Recognition, Text-To-Speech, Voice Recognition), By Service (Customer service, Marketing assistant), By End Use (SMBs, Large Enterprises, Individual Users), By Application (Automotive, BFSI, Retail, IT & Telecom, Healthcare, Education), and Geography Forecast till 2026 Embedded Analytics Software Market Size, Share & Industry Analysis, By Component (Software,Services), By Deployment (On-Premises, Cloud-Based), By Application (Production, Human Resource, Sales & Marketing, Finance, IT Operations), By Industry (IT and Telecommunication, BFSI, Retail, Manufacturing), By End Users (Independent Software Vendors, Managed Service Providers, Cloud Service Providers) Others and Regional Forecast, 2019-2026 Professional Service Automation Software Market Size, Share & Industry Analysis, By Application (Consulting Firms, Marketing and Communication Firms, IT Firms, Architecture and Construction Firms, Research Firms, Accounting Firms, Others), By Deployment Type (Cloud, On-premise) and Regional Forecast, 2019-2026 Smart Home Market Size, Share & Industry Analysis, By Product (Home Monitoring/Security, Smart Lighting, Entertainment, Smart Appliances, and Others (Thermostat, etc.)), and Regional Forecast, 2019-2026 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India. Phone: US :+1 424 253 0390 UK : +44 2071 939123 APAC : +91 744 740 1245 Email: sales@fortunebusinessinsights.com LinkedIn: https://www.linkedin.com/company/fortune-business-insights Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd Read Press Release: https://www.fortunebusinessinsights.com/press-release/robotic-process-automation-rpa-market-9551
