New Business Addresses Growing Market for Advanced Enterprise Focused Multi-Access Edge Computing
HUNTINGTON BEACH, CA, Feb. 27, 2018 /CNW/ - Pivot Technology Solutions, Inc. (TSX: PTG) ("Pivot") today announced the formation of Smart-Edge.com, Inc., a new wholly owned subsidiary focused on driving commercial penetration of the patent-pending Smart Edge™ platform developed by ACS(US), Inc. ("ACS"), a Pivot company.
Smart Edge is an advanced developer platform designed to support enterprise Multi-Access Edge Computing (MEC) solutions and built to operate on Intel technology. It simplifies enterprise-based mobility and delivers an immersive user experience by placing compute, applications and content adjacent to the user.
"The Smart Edge software platform provides a secure, trusted cloud environment at the network edge allowing enterprises to deploy existing and new applications to generate and drive new revenue," said Kurt Steinhauer, President of ACS. "The Smart Edge software enables a significantly improved user experience and positions the enterprise to take advantage of 5G."
To develop Smart Edge, ACS utilized the Intel® Xeon® Scalable processors and Data Plane Development Kit (DPDK) to create an optimized Cloud Edge platform to enable enterprises to deliver better digital experiences and generate new revenue, all while lowering costs.
"Intel is extending its expertise from the data center to the network edge," said Caroline Chan, vice president Data Center Group and general manager of 5G Infrastructure Division, Network Platforms Group, Intel. "Intel's technology is accelerating the deployment of 5G. By utilizing Intel technologies such as our Multi-access Edge Computing (MEC) platform built on industry standard servers, Smart Edge is helping its customers deliver new edge computing services faster and more cost effectively".
Deployed on the Smart Edge platform, enterprise applications and mobile devices can become context and user aware with the closest proximity possible. The Smart Edge solution improves user experiences, enables new revenue streams for stakeholders and reduces ongoing Edge Total Cost of Ownership (TCO), all driving factors in the adoption of 5G technologies.
"Smart Edge is an important innovation and disruptive technology that can best be exploited through the creation of a focused business unit," said Kevin Shank, Pivot President and Chief Executive Officer. "After successfully completing a use case with a Fortune 100 company late last year, we believe the time is right to provide the platform with the support of a dedicated and experienced team that will operationalize Smart-Edge.com, Inc. in the first half of calendar 2018."
The Smart Edge platform is ideal for developing applications and 5G preparedness. The unique framework supports the transparent integration of existing enterprise applications into the mobility environment. Most important, the applications and content proximity improve the user experience.
About Smart Edge
Smart Edge was developed by ACS, a wholly owned subsidiary of Pivot. ACS supports Large Enterprise, Mobile Network Operators and Multiple System Operators as they build their network and compute environments. ACS' experience with wired and mobile broadband, combined with its expertise in enterprise use cases (applications), positions Smart-Edge.com, Inc. as a key partner for enterprise focused MEC services.
About Edge Computing
Edge computing is a rapidly growing area of IT that moves virtualization and data processing to the edge of a network, as close to the user or originating source of data as possible. With Smart Edge, users can harness the power of edge computing to decentralize their information technology architecture, enhance IT performance and reduce network congestion. These advancements enable compute intensive artificial intelligence while protecting sensitive data.
About Pivot Technology Solutions
Pivot is an industry leading information technology services and solutions provider to many of the world's most successful companies, including members of the Fortune 1000, as well as governments and educational institutions. By leveraging its extensive OEM partnerships and its own fulfillment, professional, deployment, workforce and managed services, Pivot supports the IT infrastructure needs of its clients. For more information, visit www.pivotts.com.
Forward Looking Statements
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include statements regarding the sales potential of the Smart Edge technology platform and the value creation potential of Smart-Edge.com, Inc., Pivot's new business unit. Pivot uses words such as "may", "would", "could", "will", "likely", "expect", "believe", "intend", "anticipate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Pivot in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Pivot's expectations and predictions is subject to any number of risks, assumptions and uncertainties, including the risk that the roll out of the Smart Edge technology will be delayed, and other risks detailed in the Company's Annual Information Form for the year ended December 31, 2016 available at sedar.com. Many factors could cause Pivot's actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. The "forward-looking statements" contained herein speak only as of the date of this news release and, unless required by applicable law, the Company undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.
Intel and Xeon are trademarks or registered trademarks of Intel Corporation in the United States and other countries.
SOURCE Pivot Technology Solutions, Inc
For further information: Investor Contacts: David Toews, Interim CFO, Pivot Technology Solutions, Inc., firstname.lastname@example.org; Bill Mitoulas, Pivot Investor Relations, email@example.com, Tel: 416.479.9547