Internap Reports Strong Year-Over-Year Adjusted EBITDA Growth and Adjusted EBITDA Margin Expansion

Highest Levels of Adjusted EBITDA and Adjusted EBITDA Margin for a First Quarter in Company History
- Revenue of $75.9 million, down 6% versus the first quarter of 2015
- Data Center and Network Services revenue of $50.9 million, down 6% versus the first quarter of 2015
- Cloud and Hosting Services revenue of $25.1 million, down 6% versus the first quarter of 2015
- Segment margin(1) of 59.1%, up 40 basis points year-over-year
- Adjusted EBITDA(2) of $20.5 million increased 14% versus the first quarter of 2015
- Adjusted EBITDA margin(2) of 27.0%, up 480 basis points year-over-year
- Levered free cash flow(3) of $1.3 million
 
ATLANTA, May 5, 2016  -- Internap Corporation (INAP), a provider of high-performance Internet infrastructure services, today announced financial results for the first quarter of 2016. 
Published: 06 May 2016
Written by Editor
Nasdaq   Financial Results   Up on News  
Read more: Internap Corporation ( INAP )

AT&T Awards Synacor Important Portal Services Contract

Synacor selected to provide portal services for AT&T customers that drive user engagement
Expected revenues from the contract are ~$100M per year, after full product deployment in 2017
Early products to deploy in Q2 2016, with broader services slated to commence deployment in Q4 2016
BUFFALO, N.Y., May 04, 2016 -- Synacor, Inc. (SYNC), the trusted multiscreen technology and monetization partner for video, internet and communications providers, device manufacturers and enterprises, today announced that AT&T Inc. (NYSE:T), the largest pay TV provider in the United States, has awarded a portal services contract to Synacor.
 
In partnership with AT&T, Synacor will
 
Develop and manage innovative desktop and mobile portal services designed to drive user engagement
Populate these experiences with rich content sourced from popular brands
Published: 05 May 2016
Written by Editor
Nasdaq   New Product or Order   Up on News  
Read more: Synacor Inc ( SYNC )

COPsync and LIFEWatch USA enter into a Joint Technology Development Agreement for COPsync Beacon, a Hand-Held Remote Alert Device for COPsync911

2016-04-14 09:03 ET - Companies to collaborate on the development, marketing and distribution of a new device

DALLAS, April 14, 2016 -- COPsync, Inc. (NASDAQ: COYN), which operates the nation's only law enforcement in-car information sharing and data communication network and the COPsync911™ threat-alert service for schools, government buildings, hospitals and other potentially at-risk facilities, announced a joint technology development agreement with LIFEWatch USA, one of the nation's leading providers of Personal Emergency Response Systems (PERS). The collaboration will focus on the development, marketing, and distribution of a hand-held device, tentatively named the COPsync Beacon, which may be used to remotely trigger a COPsync911 alert.

Published: 14 April 2016
Written by Editor
Nasdaq   Up on News   Project Update  
Read more: COPsync Inc ( COYN )

Corning to Acquire Alliance Fiber Optic Products, Inc.

Acquisition to support Corning`s plan for growth in cloud data center market
 
CORNING, N.Y., AND SUNNYVALE, CALIF.; APRIL 7, 2016 - Corning Incorporated (GLW) and Alliance Fiber Optic Products, Inc. (AFOP) announced today that they have entered into a definitive merger agreement under which Corning will acquire Alliance Fiber Optic Products, Inc.
 
Under terms of the agreement, Corning will make an all-cash tender offer to acquire all of the outstanding common shares of Alliance Fiber Optic Products, Inc. (AFOP) for $18.50 per share, representing a transaction value of approximately $305 million.
 
AFOP designs and manufactures high-performance passive optical components. These products are used by cloud data-center operators and leading datacom and telecom OEMs (original equipment manufacturers). These components are used in several of Corning`s existing connectivity solutions. AFOP, founded in 1995 and headquartered in Sunnyvale, California, has manufacturing and product development capabilities in the U.S., Taiwan and China.
Published: 08 April 2016
Written by Editor
Nasdaq   M & A   Up on News  
Read more: Alliance Fiber Optic Products ( AFOP )

Inventergy Reports 580% Year-Over-Year Revenue Growth for Full Year 2015

Company Executes on Key Initiatives in 2015, Enhancing Opportunities and Results Shareholder Update Conference Call to Be Held Monday, April 4th at 4:30pm ET
CAMPBELL, CA--(Apr 4, 2016) -  Inventergy Global, Inc. (NASDAQ: INVT) ("Inventergy"), today reported highlights from its financial results for the full year 2015 as well as operational highlights and achievements in 2015.
 
Highlights from the full year 2015 include:
 
Revenue of $4,888,302 for the twelve months ended December 31, 2015, up 580% compared to the same period in the prior year. The increase was due to the Company's successful sale of two patent families for $4 million, patent licensing and litigation settlement contracts which totaled $603,571 and access control security product/service lines acquired in the merger of $284,731. 
Published: 05 April 2016
Written by Editor
Nasdaq   Financial Results   Up on News  
Read more: Inventergy Global Inc ( INVT )
  1. Energous Corporation ( WATT )
  2. Intrinsyc Technologies ( ITC )
  3. Mercury Systems Inc ( MRCY )
  4. Zecotek Photonics Inc ( ZMS )
  5. Code Rebel Corp ( CDRB )

Subcategories

Computer Hardware / Software

Diversified Electronics