Companies news of 2016-05-18 (page 1)

  • Marvell Technology Group Ltd. Declares Quarterly Dividend Payment
  • Catalyst Copper Announces Meeting Results
  • Jabil Speeds Global Collaboration with IBM CloudLeading Supply Chain and Manufacturing...
  • Quotient Technology Inc. Presents at RBC Capital Markets Consumer and Retail Conference
  • Infosys Annual Report 2016 Available Online for ADS Holders
  • Zebra Technologies to Present at the J.P. Morgan 44th Annual Technology, Media and Telecom...
  • SS&C Announces Quarterly Dividend
  • Scientific Games Wins Three Asia Gaming Awards During G2E Asia, More Honors Than Any Other...
  • CenturyLink Declares Quarterly Cash Dividend
  • Envestnet Launches The Essential Advisor(TM)Envestnet Unveils Initiative to Quantify the...
  • The Power of Android OS Brought to the Car Using Qualcomm Snapdragon Automotive...
  • Blue Yonder Selects NetSuite OneWorld to Power Business GrowthFast Growing Predictive...
  • NetSuite Adds New Functionality For Services CompaniesNew Features Enable Services...
  • Expedia, Inc. Announces Conference Participation for June 2016
  • Gogo Inc. Announces Launch of $500 Million Senior Secured Notes Offering
  • NetSuite Adds New Functionality For The Software IndustryNew Features Enable Software...
  • NetSuite Announces New Functionality For Wholesale DistributorsNew Features Address...
  • Lingerie Company Of Australia Chooses NetSuite OneWorld To Fuel Business Model...
  • Sikorsky and AHS International to Offer New "Hover for a Day" Challenge with $50K Prize
  • Blue Yonder Selects NetSuite OneWorld to Power Business Growth
  • NetSuite Announces New Functionality For NonprofitsNew Features Enable Nonprofits to...
  • EY and GE Digital form alliance in Industrial Internet of Things
  • SuperCom Announces Availability of its Annual Report on Form 20-F
  • Leading Independent Proxy Advisory Firm Egan-Jones Recommends iRobot Shareholders Vote...
  • Synopsys Posts Financial Results for Second Quarter Fiscal Year 2016Q2 2016 Financial...
  • SuperCom to Present at Cowen and Company 44th Annual TMT Conference
  • BioLife Solutions Appoints Jim Mathers as New Vice President of SalesProven C Level Sales...
  • Navajo Nation honors Raytheon Dine Facility with Business of the Year AwardCompany...
  • HobbyLink Japan Selects NetSuite OneWorld To Manage Global Business GrowthGlobal Toy...



    Marvell Technology Group Ltd. Declares Quarterly Dividend Payment

    SANTA CLARA, Calif., May 18, 2016 /PRNewswire/ -- Marvell Technology Group Ltd. , a global leader in integrated silicon solutions, today announced that the Board of Directors has approved a quarterly dividend payment of $0.06 per share to all shareholders of record as of June 14, 2016. Marvell intends to pay the dividend on July 12, 2016.

    Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995

    This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties, including expectations regarding the timing of payment of declared or future dividends. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "can," "will" and similar expressions identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, among others, Marvell's results of operations, cash balances and future cash requirements, financial condition, developments in ongoing litigation, statutory requirements of Bermuda law and other factors that Marvell's board of directors may deem relevant. For other factors that could cause Marvell's results to vary from expectations, please see the risk factors identified in the Marvell's latest Annual Report on Form 10-K for the fiscal year ended January 31, 2015 and latest Quarterly Report on Form 10-Q for the fiscal quarter ended May 2, 2015 as filed with the SEC, and other factors detailed from time to time in Marvell's filings with the SEC. Marvell undertakes no obligation to revise or update publicly any forward-looking statements.

    About Marvell

    Marvell is a global leader in providing complete silicon solutions. From storage to cloud infrastructure, Internet of Things (IoT), connectivity and multimedia, Marvell's diverse product portfolio aligns complete platform designs with industry-leading performance, security, reliability and efficiency. At the core of the world's most powerful consumer, network and enterprise systems, Marvell empowers partners and their customers to always stand at the forefront of innovation, performance and mass appeal. By providing people around the world with mobility and ease of access to services, adding value to their social, personal and work lives, Marvell is committed to enhancing the human experience.

    As used in this release, the term "Marvell" refers to Marvell Technology Group Ltd. and its subsidiaries. For more information, please visit www.Marvell.com.

    Marvell(R) and the Marvell logo are registered trademarks of Marvell and/or its affiliates.

    For further information, contact: John Spencer Ahn Sue Kim Investor Relations Media Relations 408-222-7544 408-222-1942 johnahn@marvell.com suekim@marvell.com

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    Photo: http://photos.prnewswire.com/prnh/20100719/SF36559LOGO-b Marvell Technology Group Ltd.

    Web site: http://www.Marvell.com/




    Catalyst Copper Announces Meeting Results

    VANCOUVER, May 18, 2016 /PRNewswire/ - Catalyst Copper Corporation ("Catalyst" or "the Company") is pleased to report the results from its 2016 annual general meeting of shareholders and special meeting of shareholders, optionholders and warrantholders held on May 18, 2016.

    The merger by way of a plan of arrangement with NewCastle Gold Ltd. was approved by 100.0% of the votes cast by shareholders, optionholders and warrantholders. The Company expects to close the plan of arrangement with NewCastle early next week.

    Shareholders also voted in favour of the resolutions: a) fixing the number of directors and appointing the nominees; b) for the re-appointment of Deloitte LLP, Chartered Accountants, as auditors of the Company for the ensuing year and authorizing directors to fix their remuneration; and c) for the 10% "rolling" stock option plan.

    Forward Looking Information
    Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements including statements with respect to closing the Company's merger with NewCastle. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

    The forward-looking statements are based on a number of assumptions which, while considered reasonable by Catalyst, are subject to risks and uncertainties. In addition to the assumptions herein, these assumptions include the assumptions described in Catalyst's management's discussion and analysis for the year ended December 31, 2015 ("MD&A"). Catalyst cautions readers that forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements and forward-looking statements are not guarantees of future results, performance or achievement. These risks, uncertainties and factors include general business, economic, competitive, political, regulatory and social uncertainties; actual results of exploration activities and economic evaluations; fluctuations in currency exchange rates; changes in project parameters; changes in costs, including labour, infrastructure, operating and production costs; future prices of copper and other minerals; variations of mineral grade or recovery rates; operating or technical difficulties in connection with exploration, development or mining activities, including the failure of plant, equipment or processes to operate as anticipated; delays in completion of exploration, development or construction activities; changes in government legislation and regulation; the ability to maintain and renew existing licenses and permits or obtain required licenses and permits in a timely manner; the ability to obtain financing on acceptable terms in a timely manner; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business; and the factors discussed in the section entitled "Risk Factors" in the MD&A.

    Although Catalyst has attempted to identify important risks, uncertainties and other factors that could cause actual performance, achievements, actions, events, results or conditions to differ materially from those expressed in or implied by the forward-looking information, there may be other risks, uncertainties and other factors that cause performance, achievements, actions, events, results or conditions to differ from those anticipated, estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as of the date hereof and Catalyst disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable law.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Catalyst Copper Corp.

    CONTACT: please visit www.catalystcopper.com or contact: Paul Ireland, CFO
    on 604-687-1717, Email: info@catalystcopper.com

    Web site: www.catalystcopper.com/




    Jabil Speeds Global Collaboration with IBM CloudLeading Supply Chain and Manufacturing Company Deploys Aspera High-speed Transfer on the IBM Cloud to Streamline Collaboration Between Geographically Dispersed Teams and Partners

    ARMONK, N.Y., May 18, 2016 /PRNewswire/ -- IBM today announced that Jabil Circuit , a leading supply chain management and electronics manufacturing company, has deployed high-speed file transfer solutions from Aspera, an IBM company, running on the IBM Cloud to enable global users to send and exchange high-value design and engineering files quickly and reliably.

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    Jabil manages customers' supply chains from product development through design engineering to final manufacturing. As Jabil's business has grown, so too has its need for faster exchanges of increasingly larger design files - such as CAD models and circuit diagrams - with global customers, peers and partners in order to bring innovative products to market quickly, reliably and securely.

    Jabil selected Aspera faspex On Demand to simplify collaboration between geographically dispersed team members, partners and customers. Using Aspera, Jabil is able to transfer files of unlimited size and quantity, and even entire directory structures, with reliable delivery times and accurate transfer completion time estimates. On Jabil's most difficult production transfer, 124 GB worth of data spread across 3,400 files from several sub-folders was sent securely over the public Internet in less than 5 hours.

    With faspex On Demand, Jabil can utilize the one-step Direct-to-Cloud technology to improve the transfer speed of design files to and from IBM's Object Storage offering. By leveraging platform-specific features and Aspera's patented FASP technology that is natively integrated into Object Storage APIs, users can effortlessly exchange files at high speed to other internal and external users.

    The solution replaces their legacy MFT solution, which was costly, slow and impractical for the massive data sizes and volumes they required. In addition, the legacy solution limited transfer file size, which required the sender to split up and compress large files and folders before sending in pieces to recipients. This made the end-to-end process of sending large files and folders much more complex and time consuming.

    "As a company dedicated to providing better, faster and cheaper services to our customers, we knew we needed a new solution more aligned with our service objectives," said Dan Eng, Director of IT at Jabil. "We found the answer in Aspera. The solution's speed, security and ease of use enable us to provide quality service to our valued customers."

    "The advantage of running faspex deployed on the IBM Cloud is the unlimited scalability and flexibility offered by the integrated solutions, so Jabil can streamline their file exchange processes and enable global accessibility for effective collaboration on projects," said Michelle Munson, CEO and co-founder of Aspera.

    About Aspera

    Aspera, an IBM company, is the creator of next-generation transport technologies that move the world's data at maximum speed regardless of file size, transfer distance and network conditions. Part of IBM Cloud, Aspera software is powered by the Emmy(R) award-winning FASP(R) protocol to deliver the fastest, most predictable file-transfer, share and sync experience across on-premises, cloud, and hybrid infrastructure. Aspera's core technology delivers unprecedented control over bandwidth, complete security and uncompromising reliability. Organizations across a variety of industries on six continents rely on Aspera software for the business-critical transport of their digital assets. Please visit http://www.asperasoft.com and follow us on Twitter @asperasoft for more information.

    About Jabil Circuit

    Jabil is an electronic product solutions company providing comprehensive electronics design, production and product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 28 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries.

    Contact:
    Andre Fuochi
    IBM Media Relations
    afuochi@us.ibm.com
    (469) 394-7274

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    Quotient Technology Inc. Presents at RBC Capital Markets Consumer and Retail Conference

    MOUNTAIN VIEW, Calif., May 18, 2016 /PRNewswire/ -- Quotient Technology Inc. , formerly Coupons.com Incorporated, a leader in the digital transformation of the multi-billion dollar promotions industry, announced today that it will present at the RBC Capital Markets Consumer and Retail Conference in Boston on Thursday June 2, 2016 at 1:20 p.m. EDT. A webcast of the presentation will be available on the investor relations section of the Company's website at http://investors.quotient.com under the Events and Presentations menu.

    About Quotient Technology Inc.
    Quotient Technology Inc. , formerly Coupons.com Incorporated, is a leading digital promotion and media platform that connects brands, retailers and consumers. We distribute digital coupons and media through a variety of products, including: digital printable coupons, digital paperless coupons, coupon codes and card linked offers. We operate Retailer iQ, a real-time digital coupon platform that connects into a retailer's point-of-sale system and provides targeting and analytics for manufacturers and retailers. We also power digital coupon initiatives in online marketing campaigns, including display and video advertising. Our distribution network includes our flagship site, Coupons.com, our mobile applications, Coupons.com, Grocery iQ, Shopmium, and our thousands of publisher partners. Clients include hundreds of consumer packaged goods companies, such as Clorox, Procter & Gamble, General Mills and Kellogg's, as well as top retailers like Albertsons-Safeway, CVS, Dollar General, Kroger, and Walgreens. Founded in 1998, Quotient is based in Mountain View, Calif., and is bringing the multi-billion dollar offline promotions industry into the digital world. Learn more about the company at http://quotient.com and follow us on Twitter @Quotient.

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    Photo: http://photos.prnewswire.com/prnh/20151022/279702LOGO Quotient Technology Inc.

    CONTACT: Investor Relations Contact: Stacie Clements, Vice President,
    Investor Relations, Phone: 650-605-4535, ir@quotient.com; or Media Contact:
    Paul Sloan, Vice President, Communications, Phone: 650-396-8754,
    press@quotient.com

    Web site: http://www.quotient.com//




    Infosys Annual Report 2016 Available Online for ADS Holders

    BANGALORE, India, May 18, 2016 /PRNewswire/ --

    Infosys today announced that as in the previous years, it will furnish its annual reports to its American Depository Shares (ADS) holders on its website in lieu of physical distribution.

    (Logo: http://photos.prnewswire.com/prnh/20130122/589162 )

    Accordingly, the Annual Report on Form 20-F for the year ended March 31, 2016 filed with the Securities and Exchange Commission (SEC) on May 18, 2016 (U.S. time), together with the Indian Annual Report filed with the Indian Stock Exchanges (BSE/NSE), is available on the Infosys Limited website at http://www.infosys.com. The financial statements included in the Annual Report on Form 20-F have been prepared in accordance with the International Financial Reporting Standards (IFRS) as issued by International Accounting Standards Board.

    As allowed under New York Stock Exchange (NYSE) rules, the Company will not circulate physical copies of the Annual Report on Form 20-F or the Indian Annual Report to ADS holders. However, in compliance with NYSE rules, physical and email copies of Infosys' Annual Report on Form 20-F and the Indian Annual Report will be made available, at no cost, to ADS holders on request. Interested ADS holders may request for physical or email copies by writing to "The Company Secretary" at Infosys' registered office at Electronics City, Hosur Road, Bangalore - 560 100, India or by emailing investors@infosys.com.

    About Infosys

    Infosys is a leading provider of consulting, technology and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and be competitive in their respective markets.

    Visit http://www.infosys.com [http://www.infosys.com/Pages/index.aspx ] to see how Infosys , with US$ 9.5 billion in LTM revenues and 194,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.

    Safe Harbor

    Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2016. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is May 19, 2016, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

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    Photo: http://photos.prnewswire.com/prnh/20130122/589162 Infosys

    CONTACT: Contact: Investor Relations, Sandeep Mahindroo, +91 80 3980 1018,
    Sandeep_Mahindroo@infosys.com / Media Relations, Sarah Vanita Gideon, +91
    80 4156 3373, Sarah_Gideon@infosys.com / Pilar Elvira Wolfsteller, +1 510
    944 4596, Pilar.Wolfsteller@infosys.com




    Zebra Technologies to Present at the J.P. Morgan 44th Annual Technology, Media and Telecom Conference

    LINCOLNSHIRE, Ill., May 18, 2016 /PRNewswire/ -- Zebra Technologies Corporation , a global leader in providing solutions and services that give enterprises real-time visibility into their operations, today announced that the company will present at the J.P. Morgan 44(th) Annual Technology, Media and Telecom Conference in Boston, Mass. on Wednesday, May 25, 2016 at 8:40 a.m. eastern time.

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    To listen to the live webcast of the presentation, please visit the investor relations section of the company's website at investors.zebra.com. A replay will also be available after the event.

    About Zebra
    With the unparalleled visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information - gleaned from visionary solutions including hardware, software and services - give organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today's data-centric world. For more information, visit www.zebra.com. Follow us on LinkedIn, Twitter and Facebook.

    Investor Contact:
    Michael Steele, CFA, IRC
    Zebra Technologies
    Phone: +1-847-793-6707
    msteele@zebra.com

    Media Contact:
    Therese Van Ryne
    Zebra Technologies
    Phone: +1-847-370-2317
    therese.vanryne@zebra.com

    ZEBRA and the stylized Zebra head are trademarks of ZIH Corp., registered in many jurisdictions worldwide. All other trademarks are the property of their respective owners. (C)2016 ZIH Corp. and/or its affiliates. All rights reserved.

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    Photo: http://photos.prnewswire.com/prnh/20140731/132232 Zebra Technologies Corporation

    Web site: http://www.zebra.com/




    SS&C Announces Quarterly Dividend

    WINDSOR, Conn., May 18, 2016 /PRNewswire/ -- SS&C Technologies Holdings, Inc. , a global provider of financial services software and software-enabled services, today announced that, consistent with the previously announced quarterly dividend policy, its Board of Directors has approved a quarterly dividend of $0.125 per share, payable on June 15, 2016 to stockholders of record as of the close of business on June 1, 2016.

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    About SS&C Technologies

    SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $44 trillion in assets.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ssc-announces-quarterly-dividend-300271171.html

    Photo: https://photos.prnewswire.com/prnh/20150410/197838LOGO SS&C

    CONTACT: Patrick Pedonti, Chief Financial Officer, Tel: +1-860-298-4738,
    E-mail: InvestorRelations@sscinc.com; Justine Stone, Investor Relations,
    Tel: +1- 212-367-4705, E-mail: InvestorRelations@sscinc.com

    Web site: http://www.ssctech.com/




    Scientific Games Wins Three Asia Gaming Awards During G2E Asia, More Honors Than Any Other SupplierCompany Honored As Best Electronic Game Manufacturer, Best Table Games Supplier, and Best Industry Supplier Out Of 1,000 Nominations

    LAS VEGAS, May 18, 2016 /PRNewswire/ -- Scientific Games Corporation ("Scientific Games" or the "Company") today announced the Company won three Asia Gaming Awards during G2E Asia this week, taking home more honors than any other company.

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    Independent judges evaluated more than 1,000 nominations to select Scientific Games for three top-place honors in this annual awards competition: 'Best Electronic Game Manufacturer', 'Best Table Games Supplier', and 'Best Industry Supplier'.

    Scientific Games Vice President and Managing Director of Gaming -- Asia Ken Jolly accepted the awards during a gala dinner and ceremony on Tuesday, May 17 at The Venetian Macao sponsored by the Asia Gaming Awards, an independent awards event that recognizes significant achievements within the Asian gaming industry.

    "We are delighted to win three of the most prestigious Asia Gaming Awards for our innovation and customer partnership, and it is especially exciting to be the only supplier to win more than one accolade," Jolly said. "It is a testament to our industry leadership and focus on our customers that we were recognized among 1,000 nominations by such an esteemed panel of judges from across our industry."

    The awards won by Scientific Games recognize:

    --  Best Electronic Game Manufacturer - the supplier which embodies the best
    offering in their field for slot machines, electronic gaming machines,
    and automated electronic table games, factoring in product added value
    and reliability, service and support, functionality, customer
    experience, and revenue generation.
    
    --  Best Table Games Supplier -the supplier that has played a key role in
    enhancing the casino table games experience factoring in product
    added-value and reliability, service and support, functionality,
    customer experience, and revenue generation.
    
    --  Best Industry Supplier - the contribution of a supplier that stands for
    the quality of its products and memorable services that help operators
    thrive.
    

    Scientific Games is showcasing its award-winning innovation and the industry's most robust range of casino solutions this week during G2E Asia in stand no. 1005 at The Venetian Macao. Highlighted product lines on display include the G2E Asia debut of Scientific Games' new Dualos(TM) slot cabinet as well as several other innovation platforms; a host of new game content designed to appeal to Asian players; industry-leading table solutions including proprietary table games and electronic table systems; and the Company's broad systems portfolio to generate operating efficiencies and engage players.

    (C) 2016 Scientific Games Corporation. All Rights Reserved.

    About Scientific Games
    Scientific Games Corporation is a leading developer of technology-based products and services and associated content for worldwide gaming, lottery and interactive markets. The Company's portfolio includes gaming machines, game content and systems; table games products and shufflers; instant and draw-based lottery games; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and interactive content and services. For more information, please visit ScientificGames.com.

    COMPANY CONTACTS:
    Investor Relations:
    Scientific Games: Bill Pfund +1 702-532-7663
    Vice President, Investor Relations
    bill.pfund@scientificgames.com

    Media Relations:
    Scientific Games: Mollie Cole +1 773-961-1194
    Director, Corporate Communications
    mollie.cole@scientificgames.com

    Forward-Looking Statements
    In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "plan," "continue," "believe," "expect," "anticipate," "target," "should," "could," "potential," "opportunity," "goal," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; U.S. and international economic and industry conditions, including declines in or slow growth of gross gaming revenues or lottery retail sales, reductions in or constraints on capital spending by gaming or lottery operators and bankruptcies of, or credit risk relating to, customers; limited growth from new gaming jurisdictions, declines in the replacement cycle of existing gaming machines and slow addition of casinos in existing jurisdictions; ownership changes and consolidation in the gaming industry, including by casino operators; opposition to legalized gaming or the expansion thereof; inability to adapt to, and offer products that keep pace with, evolving technology; inability to develop successful gaming concepts and content; laws and government regulations, including those relating to gaming licenses and environmental laws; inability to identify and capitalize on trends and changes in the gaming, lottery and interactive industries; dependence upon key providers in our social gaming business; inability to retain or renew, or unfavorable revisions of, existing contracts, and the inability to enter into new contracts; level of our indebtedness, higher interest rates, availability or adequacy of cash flows and liquidity to satisfy indebtedness, other obligations or future cash needs; inability to reduce or refinance our indebtedness; restrictions and covenants in our debt agreements, including those that could result in acceleration of the maturity of our indebtedness; protection of our intellectual property, inability to license third party intellectual property, and the intellectual property rights of others; security and integrity of our software and systems and reliance on or failures in our information technology systems; natural events that disrupt our operations or those of our customers, suppliers or regulators; inability to benefit from, and risks associated with, strategic equity investments and relationships, including (i) the inability of our joint venture to realize the anticipated benefits under its private management agreement with the Illinois lottery or from the disentanglement services performed in connection with the termination thereof, (ii) the inability of our joint venture to meet the net income targets or other requirements under its agreement to provide marketing and sales services to the New Jersey Lottery or otherwise to realize the anticipated benefits under such agreement and (iii) failure to realize the anticipated benefits related to the award to our consortium of an instant lottery game concession in Greece; failure to achieve the intended benefits of the Bally acquisition or the WMS acquisition, other recent acquisitions, or future acquisitions, including due to the inability to successfully integrate such acquisitions or realize synergies in the anticipated amounts or within the contemplated time frames or cost expectations, or at all; disruption of our current plans and operations in connection with our recent acquisitions (including in connection with the integration of Bally and WMS), including departure of key personnel or inability to recruit additional qualified personnel or maintain relationships with customers, suppliers or other third parties; costs, charges and expenses relating to the Bally acquisition and the WMS acquisition; incurrence of employee termination or restructuring costs, and impairment or asset write-down charges; changes in estimates or judgments related to our impairment analysis of goodwill or other intangible assets; implementation of complex revenue recognition standards; fluctuations in our results due to seasonality and other factors; dependence on suppliers and manufacturers; risks relating to foreign operations, including fluctuations in foreign currency exchange rates and restrictions on the payment of dividends from earnings, restrictions on the import of products and financial instability, including the potential impact to our instant lottery game concession or VLT lease arrangements resulting from the recent economic and political conditions in Greece; dependence on our key employees; litigation and other liabilities relating to our business, including litigation and liabilities relating to our contracts and licenses, our products and systems, our employees (including labor disputes), intellectual property and our strategic relationships; influence of certain stockholders; and stock price volatility.

    Additional information regarding risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 29, 2016 (including under the headings "Forward Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

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    Web site: http://www.scientificgames.com/




    CenturyLink Declares Quarterly Cash Dividend

    MONROE, La., May 18, 2016 /PRNewswire/ -- CenturyLink, Inc. today announced that its Board of Directors voted to declare a regular quarterly cash dividend of $0.54 per share, which will be payable on June 14, 2016, to shareholders of record on May 31, 2016.

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    About CenturyLink
    CenturyLink is a global communications, hosting, cloud and IT services company enabling millions of customers to transform their businesses and their lives through innovative technology solutions. CenturyLink offers network and data systems management, Big Data analytics and IT consulting, and operates more than 55 data centers in North America, Europe and Asia. The company provides broadband, voice, video, data and managed services over a robust 250,000-route-mile U.S. fiber network and a 300,000-route-mile international transport network. Visit CenturyLink for more information.

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    CONTACT: Kristie Waugh, 318.340.5627, kristina.r.waugh@centurylink.com

    Web site: http://www.centurylink.com/




    Envestnet Launches The Essential Advisor(TM)Envestnet Unveils Initiative to Quantify the Value of Professional Advice, Empower Financial Advisors and Institutions to Deliver on It, and Advocate that Good Advice is Worth Paying For

    CHICAGO, May 18, 2016 /PRNewswire/ -- Envestnet, Inc. unveiled The Essential Advisor(TM), which advocates the quantifiable value professional financial advisors deliver in helping consumers reach their financial goals, at this year's Envestnet Advisor Summit (http://www.envestnet.com/advisorsummit), currently underway at the Hilton Chicago.

    The new initiative (www.envestnet.com/essentialadvisor)

    --  Draws on the proprietary expertise Envestnet has obtained from
    supporting almost 50,000 advisors on its platform, enabling the firm to
    provide insights into how the most successful advisors are running their
    practices.
    --  Is grounded in the firm's Capital Sigma: The Return on Advice(TM) study,
    which finds advisors have the potential to add 3 percent in value to
    their clients annually.
    --  Delivers actionable insights and educational programs, including an
    enhanced vision for the Envestnet Institute.
    --  Will culminate in the release of a new book, The Essential Advisor:
    Building Value in the Investor-Advisor Relationship.
    

    "The principle of being an 'essential advisor' is a driving catalyst for how we will continue to empower the nearly 50,000 advisors who utilize our platform and the millions of accounts those advisors service--acting as the central idea guiding all of our strategic initiatives, from our ongoing technology innovations to our product roadmap," said Bill Crager, President of Envestnet. "Our goal is to put our expanding network and solutions to work to help advisors and institutions across the industry assess and refine their practices at all stages of their business development."

    Crossing the Digital Divide by Delivering a Return on Advice

    While digital advice platforms continue to make headlines, they cannot deliver the added value and insightful guidance that investors can receive when they develop a trusted, long-term relationship with a professional financial advisor, according to the Capital Sigma white paper. The study's research, conducted by Envestnet | PMC's Quantitative Research Group, found that there are several pillars, or sources, of advisor-created value that can be quantified. These pillars include financial planning, asset class selection and allocation, investment selection, systematic rebalancing, and tax management. Advisors who successfully implement all of these pillars can produce around 3 percent of annual added value for a client's portfolio.

    "The top advisors of the future will be those who can easily customize advice and touchpoints to the specific needs of each client, as well as effectively communicate the value they add," said Jud Bergman, Chairman and CEO of Envestnet. "The Essential Advisor leverages our Capital Sigma research as a framework for how advisors can successfully cross the digital divide to strengthen client relationships and increase productivity--and, ultimately, win in the digital age."

    The Essential Advisor: A Roadmap to the Future for Advisors and Investors

    Envestnet's ongoing effort to help advisors implement the Capital Sigma pillars of value and return on advice will culminate in the release of The Essential Advisor: Building Value in the Investor-Advisor Relationship. The book, published by Wiley, will be available Monday, May 23, 2016 wherever books and eBooks are sold, and is currently available for pre-order: http://bit.ly/EssentialAdvisor.

    The book's co-authors are Mr. Crager and Jay Hummel, Managing Director of Strategic Initiatives and Thought Leadership at Envestnet, and its foreword is written by Jean Chatzky, Financial Editor for The TODAY Show.

    While the wealth management industry is evolving, so are consumers--and some advisors are finding themselves left behind as old methods become less relevant. The Essential Advisor serves as an insightful handbook for advisors looking to navigate this changing landscape.

    The book will also empower consumers with a better understanding of what advisors do, how they deliver better results for consumers, how consumers should think about the wealth management industry, and what criteria they should consider when selecting an advisor. In addition to Ms. Chatzky's foreword, Pam Krueger, Gracie Award-winning host of the Emmy Award-winning PBS program MoneyTrack, partnered with Mr. Crager and Mr. Hummel on the book to include a consumer perspective section at the end of each chapter.

    "While the Capital Sigma research demonstrates there are ample opportunities for advisors to deliver value, The Essential Advisor shows advisors how to adapt their business models so they can actually deliver this added value. The advisors of the future will spend more time delivering advice as opposed to implementing it, and at Envestnet, we are dedicated to providing the technology, data, intelligence, and other tools that advisors need to deliver advice that is not just valuable, but essential," said Mr. Hummel. "Advisors can use The Essential Advisor, as well as the Envestnet platform, as resources to understand the value proposition they must adopt in order to effectively compete now and in the future, and communicate the essential role they play in managing wealth to clients."

    In addition to Ms. Chatzky and Ms. Krueger, 13 industry leaders contributed their insights to The Essential Advisor through interviews with the co-authors, including: Patricia Farrar-Rivas, CEO of Veris Wealth Partners; Michael Kitces, Partner and Director of Financial Planning at Pinnacle Advisory Group; Chip Roame, Managing Partner at Tiburon Strategic Partners; Knut Rostad, President of the Institute for the Fiduciary Standard; and Mark Tibergien, Chief Executive Officer of Pershing Advisor Solutions.

    Delivering Essential Advisor Tools and Resources Through the Envestnet Institute

    "The Essential Advisor" initiative will also be a driving force behind the enhancement of the Envestnet Institute. Over the course of the coming year, the Institute will build on Envestnet's expanding data aggregation and analytics capabilities, acquired through the ongoing integration with Yodlee, to provide advisors with more quantifiable, actionable insights. Advisors will be able to log into the Institute's website to assess their practices and curate content as part of a customized Institute experience that can empower them to become essential. Envestnet also plans to add new curriculum materials in addition to ongoing content, research, and commentary from the Institute's asset manager partners.

    Advisors can keep track of Envestnet Advisor Summit happenings in real time by following Envestnet on Twitter (https://twitter.com/ENVIntel) and using the #ENVSummit hashtag.

    About Envestnet
    Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective, and fully-aligned standard of care, and empower advisors to deliver better outcomes.

    Envestnet's Advisor Suite((R)) software empowers financial advisors to better manage client outcomes and strengthen their practices. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software.

    Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. More than 950 companies, including 12 of the 20 largest U.S. banks and hundreds of Internet services companies, subscribe to the Envestnet | Yodlee platform to power personalized financial apps and services for millions of consumers. Envestnet | Yodlee solutions help transform the speed and delivery of financial innovation, improve digital customer experiences, and drive better outcomes for our clients and their customers.

    For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel (https://twitter.com/envintel).

    Media Contact: Dana Taormina JConnelly (973) 850-7305 dtaormina@jconnelly.com

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    The Power of Android OS Brought to the Car Using Qualcomm Snapdragon Automotive Processors-- Qualcomm Snapdragon 820A and 602A processors support new Google in-car platform demonstrated at Google I/O --

    SAN DIEGO, May 18, 2016 /PRNewswire/ -- Qualcomm Incorporated today announced that its subsidiary, Qualcomm Technologies, Inc., is working with Google on an initiative bringing the power of Android OS embedded directly into the car. The initiative aims to help car makers create powerful infotainment systems using Android as a common platform, making it easier to add connected services and applications while delivering a safer and more intuitive driving experience. The goal is to accelerate innovation in the car with an approach that offers openness, customization, and scale.

    The concept car functions demonstrated at Google I/O run on the Qualcomm(R) Snapdragon(TM) 820 Automotive processor for connected cars and infotainment. With its power-efficient custom-designed CPU, stunning GPU performance, lightning fast X12 LTE modem capable of Cat 12 speeds, and powerful video processing capabilities, the flagship Qualcomm Snapdragon 820 Automotive processor is empowering automakers with scalable solutions that are connected, smart and aware.

    Car manufacturers, automotive suppliers and developers can create Android-powered infotainment solutions using Automotive Development Platforms (ADP) for Snapdragon 820A and Snapdragon 602A processors. The ADPs, available for purchase through Intrinsyc, will provide access to the platform for developing, testing, optimizing and showcasing next-generation infotainment solutions. Using this platform, OEMs, developers and system integrators can significantly reduce their software development time and risk and begin final production software qualification earlier.

    "Google is committed to building Android into a platform that fuels innovation in the automotive space," said Patrick Brady, director of Android engineering, Google. "We are in close collaboration with industry leaders such as Qualcomm Technologies, Inc. to bring the best of Android into the automobile in a safe and seamless way. This initiative represents the next step in bringing the power of an open platform and rich ecosystem that enables car makers to create powerful infotainment systems designed for the digital age."

    "Snapdragon Automotive processors, combined with Android, will enable the automotive ecosystem to create cutting-edge connected car and infotainment platforms," said Nakul Duggal, vice president, product management, Qualcomm Technologies, Inc. "Android as the infotainment OS in the car will allow drivers and passengers to interact with their vehicles in new and exciting ways. We are pleased to be working with Google and the automotive ecosystem to usher in the next generation of in-car experiences."

    Qualcomm Technologies and Google will be demonstrating the Android in-car concept powered by Snapdragon 820A processor in the Sandbox during Google I/O today through Friday, May 20(th).

    About Qualcomm Incorporated
    Qualcomm Incorporated is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.

    Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. Other product and brand names may be trademarks or registered trademarks of their respective owners.

    Qualcomm Contacts:
    Pete Lancia, Corporate Communications
    Phone: 1-858-845-5959
    Email: corpcomm@qualcomm.com

    Warren Kneeshaw, Investor Relations
    Phone: 1-858-658-4813
    Email: ir@qualcomm.com

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    Qualcomm Incorporated

    Web site: http://www.qualcomm.com/




    Blue Yonder Selects NetSuite OneWorld to Power Business GrowthFast Growing Predictive Analytics Company Gains a Modern, Agile and Scalable Platform with NetSuite

    SAN JOSE, Calif., May 18, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD 2016 -- NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Blue Yonder, a leading predictive applications company based in Germany, has selected NetSuite OneWorld to run its mission-critical business processes, including financial consolidation, revenue recognition, forecasting and budgeting, reporting, management for subsidiaries in the UK and Germany, multi-currency support for the Euro, British pound and US dollar and multi-country taxation compliance - all within one unified cloud platform. With NetSuite OneWorld, Blue Yonder has a true cloud solution that will scale with the company as it continues its growth and expands into the US and beyond.

    A venture-backed company that recently received a $75 million investment, Blue Yonder is the leading provider of Predictive Applications for retail. It delivers automated data driven decisions to the retail sector that can achieve an 80 percent reduction in out-of-stock rates and a 15 percent increase in revenue. Blue Yonder does this by using its pioneering machine-learning algorithms, developed and managed by the most qualified team of doctorate-level data scientists in retail. Founded in Germany by a former CERN Researcher, Blue Yonder has undergone rapid growth and quickly found that its existing ERP solution was not sufficient for an ambitious data driven company. It made delivering the required level of financial reporting a significant challenge, forcing the business to rely on Excel spreadsheets and manual input.

    After considering different solutions, Blue Yonder chose NetSuite as a fellow cloud provider that could provide financial customer information in real-time, in one unified system, helping to manage global financial consolidation to expedite its plans for further expansion. Blue Yonder's commitment to European data privacy was also key to its selection of NetSuite OneWorld. NetSuite's recent European data centre announcement, track record and proven scalability inspired the trust and credibility that Blue Yonder required.

    NetSuite OneWorld delivers transformative power to global businesses of all sizes with any business model, giving them the agility and flexibility to adapt to the rapidly changing world of modern business. NetSuite OneWorld gives today's businesses the ability to expand and transform their organisations and reinvent their business models to meet the ever changing demands of their markets and the expectations of their customers. With support for 190 currencies, 20 languages and automated tax compliance in over 100 countries, NetSuite OneWorld brings Blue Yonder the following key features and benefits:

    --  Rapid expansion. NetSuite OneWorld's powerful international capabilities
    will enable the business to quickly and easily establish new entities as
    the brand expands globally.
    --  Real-time analytics and reporting. NetSuite's dashboards, reporting and
    analytical tools will enable Blue Yonder to monitor, report and analyse
    all KPIs across the board.
    --  Real-time global financial consolidation. NetSuite OneWorld will provide
    real-time visibility across all of Blue Yonder's subsidiaries, divisions
    and business units with a single financial system of record.
    --  Ease of integration. Blue Yonder will be integrating partner product
    Adaptive Insights (advanced financial planning) into the implementation
    in order to provide enhanced financial capabilities.
    

    "We looked for an ERP solution that supports our growth plans and expansion into new markets, and in order to do this, accurate reporting across our subsidiaries in a variety of currencies is mission critical," said Uwe Weiss, CEO of Blue Yonder. "NetSuite OneWorld will provide us with these capabilities with one single view, in real-time."

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuiteEMEA Twitter handle for real-time updates.

    For more information about NetSuite, please visit www.netsuite.co.uk.

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

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    CONTACT: Mei Li, NetSuite Inc., 650.627.1063, meili@netsuite.com

    Web site: http://www.netsuite.com/




    NetSuite Adds New Functionality For Services CompaniesNew Features Enable Services Companies to Execute on their Business Vision, Expand Globally, Diversify their Operations and Future-Proof their Business

    SAN JOSE, Calif., May 18, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD - NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced a number of product innovations targeting services businesses, including new reporting, resource management, service- and product-based features, Governance, Risk and Compliance (GRC), billing and project-based segmentation functionality. These features are designed to help services companies execute on their business vision, expand globally, diversify their operations and future-proof their business. The enhancements announced today demonstrate NetSuite's accelerated product innovation across all industries and for services companies in particular, at an unstoppable pace.

    Both service- and product-based companies have for years faced the challenge of siloed information and maximizing the efficient use of staff. Traditionally, executives were forced to track services data in disparate spreadsheets, sharing that data with the finance department via email, which then resulted in a lack of real-time visibility into operations and the risk of manual data entry errors and duplicate entries. Additionally, these companies have struggled to put the right person on the right project at the right time to maximize performance, profitability and client satisfaction. NetSuite empowers these companies to address many of these challenges, with the added financial component required to enable organizations to track profitability through their back-office financials.

    "For years, the services sector has struggled to track projects, revenue and staff in a single system as their business models have evolved," said Jason Maynard, NetSuite EVP of Development & Corporate Strategy. "NetSuite has provided them with a single system that spans services, product and financial data with NetSuite SRP. These enhancements are the next step in ensuring that services companies have a future-proof platform for growth."

    Excellence in Execution

    Before services businesses can innovate on business models, billing and project delivery, they need better visibility into their business and projects. Enhancements to NetSuite for services companies include:

    --  Professional Services Budgeting and Reporting. Delivering real-time
    visibility into time and expenses, staff assignments and tracking
    against budget with automated and easy-to-use reports.
    --  Project Resource Management. Enables services businesses to easily track
    which people are where, and what they are doing. This helps to
    efficiently move the right resources into the right projects. New
    filters allow managers to easily pinpoint specific pieces of information
    without having to search through mounds of data to find things like
    specific skill sets or particular project expertise.
    

    Running Service- and Product-based Businesses in a Single System

    As business models evolve and traditionally service-based companies add products to their pricelist, and product-based companies add services components, these businesses have historically had to cobble together solutions. NetSuite Services Resource Planning (SRP) gives them one system to run the entire business lifecycle--from project management, resource management, time-and-expense management, to project accounting--all in one unified software solution. Enhancements to NetSuite functionality for service- and product-based companies include:

    --  Project-based Revenue Accounting. Allowing companies to treat the
    project as another element for revenue to complement products that might
    be recognized from a sales order.
    --  Profitability Reporting. Taking into account both products and services
    in an account-based model, making it easier to report and organize
    company-wide data, customize which accounts show up as revenue or cost,
    and which items are categorized as product or service based.
    

    Simplifying Global Expansion

    Services business expanding globally have unique challenges across multiple subsidiaries and geographic locations. NetSuite gives global services businesses a single system to run multiple subsidiaries with support for 190 currencies, 20 languages and automated tax compliance in over 100 countries. Enhancements to NetSuite supporting global services businesses include:

    --  Intercompany management. NetSuite gives services businesses the ability
    to consolidate financials across regions, and track financial activity
    as they trade resources across subsidiaries.
    

    Future-Proofing Services Businesses

    Services businesses need a system that not only manages the complexities of the industry today, but is flexible and scalable to adapt to changes in the future, without requiring re-implementations or new software. Enhancements to NetSuite for services businesses that help them future-proof their business include:

    Governance, Risk and Compliance (GRC) GRC capabilities. Focusing on ensuring companies of all sizes have the ability to define role-specific access controls across their global organizations, track activity and configuration changes at a granular level and report on that activity, including proactive alerting related to business-specific exception criteria. Key GRC improvements benefit services companies include:

    --  Additional audit trails and searchability across all
    financially-relevant account setup pages.
    --  Revenue recognition plan changes (within the SuiteBilling and Unified
    Rev Rec modules).
    --  Custom financial layouts.
    --  Enhanced security around the password reset process.
    

    Intelligent Worklist. Solving the need to have repeatable processes across accounts, supporting best practices without repeating the process.

    Services Diversification through Billing

    As services businesses mature, the need for flexibility grows as well to diversified billing models and how they serve different services outcomes. NetSuite's announcement of SuiteBilling enables services companies to make billing, traditionally a standardized task, into a strategic business function with:

    --  A Core Framework, allowing for internal NetSuite subscription
    management, project and fulfillment modules to directly leverage core
    billing, revenue recognition and financial elements and processes via
    billing accounts and charge records.
    --  Enhanced Order to Revenue, NetSuite's superior and highly scalable order
    management functionality can process orders coming in from multiple
    channels and centralize them within one single system while unified
    revenue recognition capabilities support multi-element arrangements.
    --  Subscription Management, supporting subscription- and usage-based
    pricing models and rating (simple and advanced).
    --  Unified, but Independent Approach, allowing invoicing and revenue
    recognition processes to work seamlessly together while meeting the
    specific independent needs of each process.
    --  Rich, Customizable Customer Billing Portals, based on NetSuite's
    industry-leading ecommerce platform, enable companies to deepen and
    expand customer relationships.
    --  Rate Cards. Solving the requirement to agree to a contracted rate for
    several different types of resources in one place and for one customer.
    --  Consolidated invoicing and invoice presentment. Enabling services
    businesses to send invoices out in different forms for different
    customers based on each customer's individual needs, while consolidating
    invoicing in a single place.
    

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

    For more information about NetSuite, please visit www.netsuite.com.

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

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    CONTACT: Mei Li, NetSuite Inc., 650.627.1063, meili@netsuite.com

    Web site: http://www.netsuite.com/




    Expedia, Inc. Announces Conference Participation for June 2016

    BELLEVUE, Wash., May 18, 2016 /PRNewswire/ -- Expedia, Inc. today announced its participation in the following conferences during the month of June:

    Bank of America Global Technology Conference in San Francisco, CA on Wednesday, June 1, 2016. Chief Financial Officer and Executive Vice President of Operations Mark Okerstrom's question and answer session will begin at 10:45 a.m. Pacific Time / 1:45 p.m. Eastern Time.

    Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference in New York, NY on Monday, June 6, 2016. Chief Financial Officer and Executive Vice President of Operations Mark Okerstrom's question and answer session will begin at 9:00 a.m. Pacific Time / 12:00 p.m. Eastern Time.

    A live webcast of each session will be available to the public at http://ir.expediainc.com. Replays will available for 90 days.

    About Expedia, Inc.
    Expedia, Inc. is the world's largest online travel company, with an extensive brand portfolio that includes leading online travel brands, such as:

    --  Expedia.com(R), a leading full service online travel company with
    localized sites in 33 countries
    --  Hotels.com(R), a preeminent global lodging expert operating in more than
    65 countries and 35 languages with its award winning Hotels.com(R)
    Rewards loyalty program
    --  Orbitz Worldwide, a global travel portfolio including Orbitz, ebookers
    and CheapTickets brands, and business-to-business offerings including
    Orbitz Partner Network and Orbitz for Business
    --  Expedia(R) Affiliate Network (EAN), a global B2B business that powers
    the hotel business of leading airlines, top consumer brands, online
    travel agencies and thousands of other partners through its API and
    template solutions
    --  trivago(R), a leading online hotel search with sites in 55 countries
    worldwide
    --  HomeAway(R), a global online marketplace for the vacation rental
    industry, which also includes the VRBO, VacationRentals.com and
    BedandBreakfast.com brands, among others
    --  Egencia(R), a leading corporate travel management company
    --  Travelocity(R), a pioneer in online travel and a leading online travel
    brand in the US and Canada
    --  Hotwire(R), a leading discount travel site that offers Hot Rate(R)
    Hotels, Hot Rate(R) Cars and Hot Rate(R) Airfares, as well as vacation
    packages
    --  Expedia(R) Media Solutions, the advertising sales division of Expedia,
    Inc. that builds media partnerships and enables brand advertisers to
    target a highly-qualified audience of travel consumers
    --  Wotif Group, a leading portfolio of travel brands including
    Wotif.com(R), Wotif.co.nz, lastminute.com.au(R), lastminute.co.nz and
    travel.com.au(R)
    --  Classic Vacations(R), a top luxury travel specialist
    --  CarRentals.com((TM)), a premier online car rental booking company with
    localized sites in 13 countries
    --  Expedia Local Expert(R), a provider of online and in-market concierge
    services, activities, experiences and ground transportation in hundreds
    of destinations worldwide
    --  Venere.com(TM), an online hotel reservation specialist in Europe
    --  Expedia(R) CruiseShipCenters(R), a provider of exceptional value and
    expert advice for travelers booking cruises and vacations through its
    network of over 220 retail travel agency franchises across North America
    

    For corporate and industry news and views, visit us at www.expediainc.com or follow us on Twitter @expediainc.

    Trademarks and logos are the property of their respective owners. (C) 2016 Expedia, Inc. All rights reserved. CST: 2029030-50

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    CONTACT: Investor Relations, (425) 679-3759, ir@expedia.com; or
    Communications, (425) 679-4317, press@expedia.com

    Web site: http://www.expediainc.com/




    Gogo Inc. Announces Launch of $500 Million Senior Secured Notes Offering

    CHICAGO, May 18, 2016 /PRNewswire/ -- Gogo Inc. announced the commencement of a private offering of $500 million aggregate principal amount of senior secured notes due 2022 (the "Notes") to be issued by its direct wholly owned subsidiary, Gogo Intermediate Holdings LLC (the "Issuer"), and its indirect wholly owned subsidiary, Gogo Finance Co. Inc. (the "Co-Issuer" and, together with the Issuer, the "Issuers"). The Notes will be guaranteed on a senior secured basis by Gogo Inc. and all of its existing and future domestic restricted subsidiaries, subject to certain exceptions (the "Guarantors"). The Notes and the related guarantees will be secured by first priority liens on substantially all of the Issuers' and the Guarantors' assets, including pledged equity interests of the Issuers and the Guarantors. There can be no assurance that the proposed offering of Notes will be completed.

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    The Issuer intends to use a portion of the net proceeds from the sale of the Notes to repay its outstanding indebtedness under its existing senior term credit facility and to use the remaining net proceeds for working capital and other general corporate purposes, including potential costs associated with the launch and commercial rollout of Gogo's next-generation technology solutions.

    The Notes and the guarantees will be offered in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended (the "Securities Act"). The Notes and the guarantees will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act.

    The Notes and the guarantees have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

    This press release is for informational purposes only and is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful.

    Forward-Looking Statements

    This press release includes forward-looking statements regarding Gogo's financing plans, including statements related to the Issuers' offering of the Notes and intended use of net proceeds of the offering. Such statements are subject to certain risks and uncertainties including, without limitation, risks related to whether the Issuers will consummate the offering of the Notes on the expected terms, or at all, market and other general economic conditions, whether the Issuers and the Guarantors will be able to satisfy the conditions required to close any sale of the Notes, and the fact that Gogo's management will have broad discretion in the use of the proceeds from any sale of the Notes. Gogo's forward-looking statements also involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. These and other risks concerning Gogo and its businesses are described in additional detail in its Annual Report on Form 10-K for the year ended December 31, 2015 and other filings made by Gogo with the SEC.

    Investor Relations Contact: Media Relations Contact: Varvara Alva Steve Nolan 312-517-6460 312-517-6074 ir@gogoair.com pr@gogoair.com

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    Web site: http://www.gogoair.com/




    NetSuite Adds New Functionality For The Software IndustryNew Features Enable Software Companies to Treat Billing as a Strategic Advantage, Expand Globally and Tighten Financial Controls

    SAN JOSE, Calif., May 18, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD - NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced a multitude of new features targeting the software industry, including billing, revenue recognition, Governance, Risk and Compliance (GRC) and global capabilities. These new features are designed to help software companies adapt to any business model by unifying billing with revenue recognition and expand globally by increasing operational efficiency, streamlining financial reporting, deepening local and global compliance and localizing business processes. The enhancements announced today demonstrate NetSuite's accelerated product innovation across all industries and for software in particular, at an unstoppable pace.

    Software companies today face enormous pressure to innovate, both in their product and business model, where changes to traditional billing practices have forced the industry to adopt subscription- and usage-based billing. Meanwhile, many software companies are struggling to account for new service practices they've added to their business. Additionally, with software companies undergoing rapid growth and carrying high market valuations, managing that growth and maintaining compliance and auditability becomes a significant challenge.

    NetSuite provides a scalable system that supports software companies in start-up mode, through rapid growth stages beyond their IPOs with a single system that can grow with the business, providing the first and last business system a software company will ever need. With NetSuite, software companies are well positioned for global expansion. Additionally, NetSuite's robust internal controls and strong track record of businesses running NetSuite that have taken their companies public in recent years helps pave the way for companies as they march towards IPO. Robust financial reporting capabilities help businesses execute through a smooth auditing process, creating a win-win for both the businesses and their auditors.

    "NetSuite has a long track record of supporting software companies throughout their evolution, from start-up, to fast-growth, to global enterprises," said NetSuite Co-Founder, CTO and Chairman of the Board, Evan Goldberg. "These latest enhancements are a testament to our continued innovation and support for businesses in the software industry. With NetSuite, they can adapt and grow, knowing their business software will evolve with them and with the industry."

    Future-Proofing Billing Functionality for Any Business Model

    Perhaps more than in any other industry, software companies confront rapid evolution in billing and revenue recognition. Today's announcement of SuiteBilling enables software companies to make billing, traditionally a standardized task, into a strategic business function with:

    --  A Core Framework, allowing for internal NetSuite subscription
    management, project and fulfillment modules to directly leverage core
    billing, revenue recognition and financial elements and processes via
    billing accounts and charge records.
    --  Enhanced Order to Revenue, NetSuite's superior and highly scalable order
    management functionality can process orders coming in from multiple
    channels and centralize them within one single system while advanced
    revenue management capabilities support multi-element arrangements.
    --  Subscription Management, supporting subscription- and usage-based
    pricing models and rating (simple and advanced).
    --  Unified, but Independent Approach, allowing invoicing and revenue
    recognition processes to work seamlessly together while meeting the
    specific independent needs of each process.
    --  Rich, Customizable Customer Billing Portals, based on NetSuite's
    industry-leading ecommerce platform, enable companies to deepen and
    expand customer relationships.
    

    Reducing Risk, Easing Compliance

    Rapid growth in the software industry demand rigid controls around accounting practices and risk management. The enhancements announced today deliver key benefits and features that expand on NetSuite's Governance, Risk and Compliance (GRC) GRC capabilities with a focus on ensuring companies of all sizes have the ability to define role-specific access controls across their global organizations, track activity and configuration changes at a granular level and report on that activity, including proactive alerting related to business-specific exception criteria. Key improvements within NetSuite OneWorld that benefit software companies include:

    --  Additional audit trails and searchability across all
    financially-relevant account setup pages.
    --  Revenue recognition plan changes (within the Advanced Revenue Management
    module).
    --  Custom financial layouts.
    --  Enhanced security around the password reset process.
    

    Managing Global Growth

    As software companies expand across the globe, they confront new challenges with managing local currencies, languages and taxation rules while establishing multiple subsidiaries. The new enhancements announced today provide software companies with new features and functionality that address:

    --  Global vendor management, enabling multi-company users to centralize and
    manage their global vendor relationships, including credit limits,
    across multiple companies and cleaning up duplicate vendor data from
    legacy systems by merging vendor records across subsidiaries.
    --  Country-specific localizations, expanding on support for more than 100
    countries tax calculation and reporting requirements, encompassing Czech
    Republic VAT Control Statement and Slovak Republic VAT Ledger Statement,
    which will allow global companies to meet the tax requirements of the
    countries in which they operate. Through NetSuite's support for local
    tax calculation and reporting, changes in VAT transaction details in
    Belgium and Portugal, and similar upcoming changes in Spain and Hungary,
    are managed seamlessly, as NetSuite cloud ERP allows global companies to
    cope with such changes without business disruption.
    --  Secondary books consolidation and financial reporting, allowing
    companies that are required to keep multiple sets of auditable financial
    results to satisfy specific GAAP (Generally Accepted Accounting
    Principles) and international reporting requirements across their global
    business operations, enabling accountants and controllers to optimize
    financial period closing at a global level. For example, companies can
    maintain accounting records according to their corporate or headquarter
    location accounting policies in parallel to local accounting rules that
    may have different recognition timing or classification.
    

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

    For more information about NetSuite, please visit www.netsuite.com.

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

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    Photo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b NetSuite Inc.

    CONTACT: Mei Li, NetSuite Inc., 650.627.1063, meili@netsuite.com

    Web site: http://www.netsuite.com/




    NetSuite Announces New Functionality For Wholesale DistributorsNew Features Address Warehouse Management, Ecommerce, Order Management and Procurement

    SAN JOSE, Calif., May 18, 2016 /PRNewswire/ --NETSUITE SUITEWORLD 2016 -NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced significant new features designed to help wholesale distributors optimize their operations across warehouse management, ecommerce, order management and procurement. These new features are designed to enable wholesale distributors to adapt to rapidly changing customer expectations, competitive pressures and global scale. The enhancements announced today demonstrate NetSuite's accelerated product innovation across all industries and for wholesale distribution in particular, at an unstoppable pace.

    Wholesale distributors today confront significant challenges in the form of rising customer expectations for B2B commerce, increasingly distributed supply chains and greater pressure on margins. Additionally, new opportunities in the form of mobile computing, the Internet of Things and a global customer base made possible by the Internet, present their own challenges. NetSuite provides innovative distributors with a complete and connected business suite with scalable, intelligent, easy-to-use features that link together financials, ecommerce, inventory and customer data--enabling them to transform their business to meet the needs of the modern customer.

    "Rapidly evolving customer expectations, increased competition and global distribution networks are forcing wholesale distributors to innovate and adapt in order to survive," said Jim McGeever, President and COO of NetSuite. "With these enhancements, NetSuite provides a unified system with the tools they need to transform their business today and the flexibility to adapt to the challenges of tomorrow."

    The enhancements announced today deliver key benefits for wholesale distributors across warehouse management systems (WMS), ecommerce, order management and procurement.

    WMS Lite for Nimble Distributors
    Growing and innovative distributors often require many of the automation and scanning capabilities in the warehouse that their larger counterparts enjoy, but have few options besides expensive and legacy on-premise solutions. NetSuite WMS Lite extends NetSuite's native inventory and warehouse capabilities with mobile RF handheld scanning. WMS Lite improves speed and accuracy through automation and is the ideal solution for less complex warehouses with less than 50,000 square feet or where significant optimization strategies aren't required; retail stores that serve as a distribution center in an omnichannel world; and trucks, trailers and other non-traditional environments that can serve as distribution centers. NetSuite WMS Lite provides wholesale distributors with the following benefits:

    --  Improved Efficiency with Barcode Scanning. Replace manual warehouse
    processes with automation and RF mobile handheld scanning.
    --  Increased Customer Satisfaction. Distributors can increase order fill
    rates and fulfillment accuracy while reducing shipping errors.
    --  Better Visibility. Get real-time access into transactions and inventory
    movements as they are performed in the warehouse.
    --  Rapid Deployment. WMS Lite's capabilities can be added to an existing
    NetSuite implementation in a matter of weeks without major process
    changes or disruptions.
    

    B2B Ecommerce for Manufacturers and Distributors
    Building on its longstanding history as a platform for distributors extending into ecommerce, NetSuite has released enhancements that support the following wholesale distribution processes, including:

    --  Multi-Channel Purchasing Support
    --  Google Tag Manager
    --  Password Protect Site
    --  Login to See Pricing
    --  Cancel Order
    --  Application Performance Sensor
    --  Alternative Payments
    

    Order Management for the Modern Distributor
    The release of NetSuite Intelligent Order Management helps wholesale distributors meet rising customer expectations and streamlines the constantly-evolving complexities of omnichannel order orchestration. Distributors can now automate how to best fulfill orders based on their inventory availability and the configurable business rules they establish inside NetSuite. New functionality includes:

    --  Order Sourcing and Allocation. NetSuite's automatic location assignment
    allows vendors to optimize for reduced costs, faster delivery or a
    combination of factors to enable a fulfill-from-anywhere solution across
    all channels.
    --  Release for Fulfillment. Merchants get control over their
    release-for-fulfillment process with a second, automated process, which
    decides when to release orders and notifies each fulfillment location of
    which order to fulfill. Fulfillment managers get full visibility into
    the process - released orders, fulfillment status, order exceptions.
    --  Exception Management. Automatically handle most order exceptions so the
    business scales with fixed headcount. NetSuite attempts to fulfill
    exception orders then informs the CSR or fulfillment manager of an
    unfilled order. Exceptions caused by inventory discrepancies are
    automatically flagged for resolution.
    --  Order Management Insight and KPIs. Empower operations managers to
    measure their attainment of the perfect order with insight and
    intelligence, from promising and allocation, to orchestration and
    fulfillment, through to payments and returns.
    

    Procure-to-Pay
    NetSuite's procure-to-pay capabilities provide a superior user experience, allowing organizations to make intelligent purchases, buying at the right time, at the right cost with an intuitive, simplified workflow and user interface. Enhancements to NetSuite's procurement capabilities include:

    --  Request for Quote
    --  Purchase Contracts
    --  Vendor-Bill Payment Holds
    --  Blanket POs
    

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

    For more information about NetSuite, please visit www.netsuite.com.

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

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    CONTACT: Mei Li, NetSuite Inc., 650.627.1063, meili@netsuite.com

    Web site: http://www.netsuite.com/




    Lingerie Company Of Australia Chooses NetSuite OneWorld To Fuel Business Model InnovationNetSuite Cloud ERP Facilitates New Distribution Channel Expansion Strategy

    SAN JOSE, Calif. and SYDNEY, May 18, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD 2016 -- NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that the Lingerie Company of Australia, a leading luxury lingerie wholesaler and retailer who represents Simone Perele and Implicite brands, has deployed NetSuite in Australia and New Zealand to better manage its business operations and support its vision for B2B and B2C business growth in the region. NetSuite OneWorld replaced several legacy systems, including Solemate and MYOB for accounting, to manage its core business processes, including financial consolidation across its head office, wholesale business and 13 retail stores in Australia, customer relationship management (CRM), point of sale (POS), demand and supply planning, inventory management, order management, warehouse management, invoicing, payroll and multicurrency management for the Euro, US, Australia and New Zealand dollar.

    Lingerie Company of Australia, a wholly owned subsidiary of the Simone Perele Group, has been in operation for 25 years, and today is one of the global brands' largest operations outside of its headquarters in France. From its warehouse in Victoria, Australia, the company supplies the Simone Perele brand to over 120 wholesale accounts, Smith & Caughey's in Auckland, New Zealand, Ballantynes in Christchurch, New Zealand, and 13 of its own retail stores across Australia. In addition, Lingerie Company of Australia has a brand-exclusive relationship with one of Australia's largest department stores, David Jones, which has grown from occupying a single rack to now being the only lingerie brand stocked across all 40 David Jones' ANZ locations.

    In July, Simone Perele plans to enter into concession relationship with David Jones, establishing a direct selling model in each department store where it will become solely responsible for inventory management and staffing. In order to support this move, Lingerie Company of Australia expects to rely increasingly on NetSuite OneWorld to provide accurate stock visibility across its 20,000 SKU's and to help deliver enhanced customer service.

    "A challenge we're currently facing is to ensure we're ahead of the industry shift away from pure wholesaling and toward 'own' retailing," said Tim Rosenfield, CEO, of the Lingerie Company of Australia (Simone Perele ANZ). "The new concession agreement with David Jones is a perfect step to help achieve our business growth objectives; however, it is also adding a whole new layer of complexity. In order to manage this change, we need a robust inventory management system and NetSuite OneWorld can give this to us."

    As part of the company's shift toward direct selling, Lingerie Company of Australia recognised that it needed to upgrade its customer relationship management (CRM) capabilities. Despite having over 200,000 Australian customers in its loyalty program, many contact details were inaccurate, and the lack of ERP integration made it difficult to get a single view of the customer. With NetSuite OneWorld, the company can now access and analyse each customer's complete transaction history and turn this data into customised engagement. It can track what customers are buying and engage with them through tailored email marketing, whether offering complimentary items or communicating special deals with high value customers. Lingerie Company of Australia also has future plans to use NetSuite's powerful development platform to further automate this tailored communication with its customers.

    "As a business, we can now engage with our customers in a much more meaningful way, and this largely has to do with how we obtain, analyse and manage our data," Rosenfield said. "Being able to offer our customers items based on their purchase history and engage with them in a way that makes them feel valued, is crucial to our business. To ensure we are providing the best level of service to our customers, we also need a responsive stock analysis system to offer the desired items to our ANZ customers in a timely manner."

    The rising cost of doing business in Australia and New Zealand is another concern for Lingerie Company of Australia. In order to maintain its warehouse in Brunswick, Victoria, it needs to maximise efficiencies across the business, and this requires clear visibility of financial performance. With its legacy system, Lingerie Company of Australia previously had no insight as to how it was performing until profit and loss statements were received at month's end.

    NetSuite OneWorld supports 190 currencies, 20 languages and automated tax compliance in more than 100 countries, and transaction in more than 200 countries. Since implementing NetSuite OneWorld, Lingerie Company of Australia has experienced the following benefits:

    - More efficient and accurate inventory and delivery management: Lingerie Company of Australia's inventory and delivery management was previously cumbersome and ineffective as it relied on manual data entry, with only select employees having visibility of stock arrivals and product performance. With NetSuite OneWorld, stock performance and delivery reports can now be viewed on a daily or per transaction basis, allowing the business to identify the cost of different stock items and better optimise their distribution across the business.

    - Financial transparency that allows action: With NetSuite OneWorld, Lingerie Company of Australia can view performance figures daily and make adjustments accordingly through initiatives such as promotions, changes to shipping schedules and adjustment of staff hours.

    - Visibility turns to profit: For the two years it had been open, one of the organisation's Australian stores was unable to turn a profit, and given the lack of visibility into stock performance and financials, the reason could not be identified. NetSuite OneWorld helped Lingerie Company of Australia analyse transactions and gross margins and after making changes to the stock offering, the store turned a profit within two months.

    - Effective stock management: Lingerie Company of Australia can now more effectively analyse efficient vs. inefficient stock to the benefit of the business. It is also undertaking a large project to increase stock turns by utilising the help of sales reports, stock on hand and delivery management.

    - More efficient warehouse management: Prior to NetSuite OneWorld, Lingerie Company of Australia did not use any sophisticated warehouse tools. It now has the ability to track cost of shipping per box to streamline efficiencies.

    - Integrated POS system: NetSuite's POS solution is a vast improvement on the previous legacy system. Now that all transaction data is captured within NetSuite, Lingerie Company of Australia is able to analyse data in real-time to understand where further efficiencies can be gained.

    - Easily operate in multiple currencies: Through NetSuite OneWorld, the ANZ subsidiary of the Simone Perele Group is able to easily pay its global parent company in local currencies, USD and Euro when invoices are received.

    - Reduced IT costs and complexity: NetSuite's proven, secure cloud solution has helped significantly reduce the need for Lingerie Company of Australia to allocate time and additional budget to managing, maintaining and upgrading its business critical applications.

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    For more information about NetSuite please visit www.netsuite.com.au.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuiteAPAC Twitter handle for real-time updates.

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

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    Photo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b NetSuite Inc.

    CONTACT: Mei Li, NetSuite Inc., +1 650.627.1063, meili@netsuite.com; Kara
    Shiels, Text 100 Sydney, +61 2 9956 5733, Kara.shiels@text100.com.au

    Web site: http://www.netsuite.com/




    Sikorsky and AHS International to Offer New "Hover for a Day" Challenge with $50K Prize

    WEST PALM BEACH, Fla., May 18, 2016 /PRNewswire/ -- Sikorsky, a Lockheed Martin Company, and the American Helicopter Society (AHS) International today announced the Sikorsky-AHS "Hover for a Day" Challenge, a new competition to demonstrate a game-changing level of efficiency in rotorcraft with a $50,000 prize at stake.

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    Sikorsky Innovations, the technology development team within Sikorsky's Engineering & Technology group, is working with members of AHS International to lead the competition coordination. Sikorsky is a world leader in helicopter design, manufacture and service.

    "On behalf of our more than 4,000 engineers across the world, I am proud to announce this extremely thought-provoking challenge," said Mark Miller, Sikorsky vice president of Engineering & Technology. "Spread the word: With this new competition, we are challenging aviation engineers to stretch their thinking with regard to how a helicopter performs in what they do best - hover. This Challenge is to hover for 24 hours, while still demonstrating other helicopter key attributes, as well as new levels of efficiency and reliability. We hope to keep the spirit of Igor Sikorsky alive, the spirit that tackled many seemingly impossible tasks and created our industry as a result."

    "We think it's going to take groundbreaking changes in efficiency of rotor, engine and energy storage and delivery in order to hover continuously for a full day," Chris Van Buiten, vice president of Sikorsky Innovations, added. "These efforts may produce new technologies, in terms of airfoils, rotor structures, transmission and drive, engine and energy storage. It will be exciting to see the inventive thinking that this Challenge will generate."

    In a previous challenge, AHS and Sikorsky awarded a $250,000 prize for the AHS Igor I. Sikorsky Human Powered Helicopter Competition, which endured 33 years to prove what many suggested was impossible: to create a helicopter using only human-generated power that could rise three meters (9.8 feet) and hover over a 10-meter-by-10-meter (32.8 ft) box for one minute.

    The winner of that competition was AeroVelo Inc., consisting of a team of students from the University of Toronto and led by UT graduate engineers. AeroVelo flew its "Atlas" vehicle above three meters and hovered for approximately 64 seconds, capturing the prize for the decades-long competition in June 2013.

    "Just like the human powered helicopter competition, the statement is simple, but the solution may be technically very complex. We hope the AHS 'Hover for a Day' Challenge sparks the next generation of aviation engineers with great ideas to try to do something that may be impossible," said Mike Hirschberg, executive director of AHS International.

    Specific details on how to enter the Challenge - and detailed rules - will be announced on June 16, 2016, on the AHS International website www.vtol.org/challenge, Hirschberg said.

    About Lockheed Martin: Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 125,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

    About AHS International: Headquartered in Fairfax, Va., AHS is the world's premier professional vertical flight technical society. The non-profit brings together industry, academia and governments to tackle the toughest challenges in vertical flight. Founded in 1943 as the American Helicopter Society, AHS International provides global leadership for scientific, technical, educational and legislative initiatives that advance the state of the art of vertical flight.

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    CONTACT: Jessica Smith, 203-383-5308, Jessica.Smith@sikorsky.com, Mike
    Hirschberg, AHS International, Office: (703) 684-6777 x111,
    director@vtol.org

    Web site: http://www.lockheedmartin.com/




    Blue Yonder Selects NetSuite OneWorld to Power Business Growth

    Fast Growing Predictive Analytics Company Gains a Modern, Agile and Scalable Platform with NetSuite

    SAN JOSE, California, May 18, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD 2016 -- NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP [http://www.netsuite.com/portal/products/netsuite/erp/main.shtml] and omnichannel commerce [http://www.netsuite.com/portal/products/netsuite/suitecommerce.shtml] software suites, today announced that Blue Yonder, a leading predictive applications company based in Germany, has selected NetSuite OneWorld to run its mission-critical business processes, including financial consolidation, revenue recognition [http://www.netsuite.com/portal/products/netsuite/erp/revenue-recognition.shtml], forecasting and budgeting, reporting, management for subsidiaries in the UK and Germany, multi-currency support for the Euro, British pound and US dollar and multi-country taxation compliance - all within one unified cloud platform. With NetSuite OneWorld, Blue Yonder has a true cloud solution that will scale with the company as it continues its growth and expands into the US and beyond.

    A venture-backed company that recently received a $75 million investment, Blue Yonder is the leading provider of Predictive Applications for retail. It delivers automated data driven decisions to the retail sector that can achieve an 80 percent reduction in out-of-stock rates and a 15 percent increase in revenue. Blue Yonder does this by using its pioneering machine-learning algorithms, developed and managed by the most qualified team of doctorate-level data scientists in retail. Founded in Germany by a former CERN Researcher, Blue Yonder has undergone rapid growth and quickly found that its existing ERP solution was not sufficient for an ambitious data driven company. It made delivering the required level of financial reporting a significant challenge, forcing the business to rely on Excel spreadsheets and manual input.

    After considering different solutions, Blue Yonder chose NetSuite as a fellow cloud provider that could provide financial customer information in real-time, in one unified system, helping to manage global financial consolidation to expedite its plans for further expansion. Blue Yonder's commitment to European data privacy was also key to its selection of NetSuite OneWorld. NetSuite's recent European data centre announcement, track record and proven scalability inspired the trust and credibility that Blue Yonder required.

    NetSuite OneWorld delivers transformative power to global businesses of all sizes with any business model, giving them the agility and flexibility to adapt to the rapidly changing world of modern business. NetSuite OneWorld gives today's businesses the ability to expand and transform their organisations and reinvent their business models to meet the ever changing demands of their markets and the expectations of their customers. With support for 190 currencies, 20 languages and automated tax compliance in over 100 countries, NetSuite OneWorld brings Blue Yonder the following key features and benefits:

    --  Rapid expansion. NetSuite OneWorld's powerful international capabilities
    will enable the business to quickly and easily establish new entities as
    the brand expands globally.
    --  Real-time analytics and reporting. NetSuite's dashboards, reporting and
    analytical tools will enable Blue Yonder to monitor, report and analyse
    all KPIs across the board.
    --  Real-time global financial consolidation. NetSuite OneWorld will provide
    real-time visibility across all of Blue Yonder's subsidiaries, divisions
    and business units with a single financial system of record.
    --  Ease of integration. Blue Yonder will be integrating partner product
    Adaptive Insights (advanced financial planning) into the implementation
    in order to provide enhanced financial capabilities.
    

    "We looked for an ERP solution that supports our growth plans and expansion into new markets, and in order to do this, accurate reporting across our subsidiaries in a variety of currencies is mission critical," said Uwe Weiss, CEO of Blue Yonder. "NetSuite OneWorld will provide us with these capabilities with one single view, in real-time."

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    Follow NetSuite's Cloud blog [http://www.netsuiteblogs.com/], NetSuite's Facebook [http://www.facebook.com/netsuite] page and @NetSuiteEMEA [http://www.twitter.com/netsuiteemea] Twitter handle for real-time updates.

    For more information about NetSuite, please visit www.netsuite.co.uk [http://www.netsuite.co.uk/].

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

    Logo - http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b [http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b]


    Photo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b NetSuite Inc.

    CONTACT: Mei Li, NetSuite Inc., 650.627.1063, meili@netsuite.com

    Web site: http://www.netsuite.com/




    NetSuite Announces New Functionality For NonprofitsNew Features Enable Nonprofits to Connect Donations to Outcomes, Adapt to Change

    SAN JOSE, Calif., May 18, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD -- NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced a number of product innovations targeting nonprofits, including NetSuite OneWorld 16, revenue management, SuiteCommerce and custom records. These features are designed to help nonprofits adapt to rapid changes in the industry, while introducing efficiencies into organizational processes. The features announced today demonstrate NetSuite's accelerated product innovation across all industries, and for nonprofits in particular, at an unstoppable pace.

    Nonprofits face a rapidly changing and unpredictable operating environment. In the face of increasing donor expectations, new business models that blur the lines between nonprofit and for-profit approaches are emerging. Every nonprofit must break the vicious cycle of low investment, underfunded programs and unrealistic donor expectations. By partnering with NetSuite, nonprofits can deploy future-proof technology and leading practices to create a virtuous cycle of higher performance, increased innovation and better outcomes.

    NetSuite's corporate citizenship arm, NetSuite.org, offers donated and discounted software and pro bono services to hundreds of qualified nonprofits and social enterprises. But with more than 600 nonprofit organizations among its customers, NetSuite also provides a platform that allows nonprofits run their core operations and the capabilities (now and tomorrow) to connect a donor's dollar to an expenditure to an outcome while also providing the rich functionality, agility and scalability that these organizations need to adapt to shifts in modern giving.

    "Between our deep roster of nonprofit customers and the close, pro bono work we've done with many of these organizations, NetSuite has a deep understanding of the challenges nonprofits face today," said David Geilhufe, Senior Director, NetSuite.org. "We've built out functionality to meet those challenges today, with flexibility to meet the challenges of tomorrow and we will continue to share leading practices to help them fulfill their mission."

    Changing the World Through Nonprofit Partnerships

    With a long and distinguished history of working with nonprofits, NetSuite has created functionality that allows these organizations to serve their donors and mission with innovation typically considered the domain of their counterparts in the for-profit world. NetSuite has developed functionality that create specific benefits for nonprofit organizations including:

    --  NetSuite OneWorld.  With multiple organization support and transaction
    and currency consolidation, NetSuite OneWorld provides International
    NGO's the ability to maintain robust and real-time transparency into
    their projects and programs across the globe.
    --  NetSuite Advanced Financials. Enhanced billing, statistical accounting
    and allocation schedules give nonprofits the ability to build efficiency
    and transparency into their expense control processes and ensure a
    holistic view of outcome measures in reporting.
    --  NetSuite Advance Revenue Management. Association and membership
    organizations can seamlessly track and manage multiple revenue sources
    and develop recognition schedules for subscription management. The
    Revenue Recognition Dashboard Portlets, with real-time analytics,
    provides powerful insights into member management.
    --  Custom Records. Allow nonprofit organizations to easily create, track
    and manage funding sources, offering development and management
    real-time visibility into donor and contribution strategies.
    --  SuiteGL. Custom GL Segments vastly simplifies the process of managing
    complex nonprofit reporting across restrictions, geographies, funds,
    grants and other dimensions.
    --  Advanced Approvals.  Provides nonprofit controllers a
    configuration-driven rules framework to define and apply approvals
    consistently across a wide range of transactions, resulting in increased
    accuracy and reduced time to close.
    --  SuiteCommerce Advanced. Nonprofits with multi-faceted fundraising
    strategies can easily manage engagement, cross-selling and online
    donation initiatives using SuiteCommerce Advanced's unifying ecommerce
    platform.
    

    To learn more about NetSuite for nonprofit organizations, please visit www.netsuite.com/nonprofits.

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

    For more information about NetSuite, please visit www.netsuite.com.

    NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

    http://photos.prnewswire.com/prnvar/20090924/SF81218LOGO-b

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    Photo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b NetSuite Inc.

    CONTACT: Mei Li, NetSuite Inc., 650.627.1063, meili@netsuite.com

    Web site: http://www.netsuite.com/




    EY and GE Digital form alliance in Industrial Internet of Things

    LONDON and SAN RAMON, California, May 18, 2016 /PRNewswire/ -- EY and GE Digital announce a new strategic alliance to develop and provide Industrial Internet of Things (IIoT) services to help industrial companies achieve increased productivity from capital assets and processes linked in the cloud.

    EY and GE Digital will develop and deliver industry-specific services based on GE's Predix(®) cloud-based operating system. The services can help companies reduce operating expenses and increase revenue through improved machine uptime and streamlined industrial workflows.

    EY, which has been working with GE for more than 10 years, joins GE's ecosystem of global alliance partners, which gives members access to digital tools and domain expertise from across GE. EY will provide its extensive experience in business transformation; IoT, data analytics and IT cybersecurity capabilities; and access to global resources across multiple industries.

    Lionel Lamy, Associate Vice-President, Co-Lead -- European IoT Practice, IDC, says:

    "Within the global economy, CxOs face tough challenges: the unrelenting pressure to do more with less and optimize performance whilst controlling costs, as well as the need to innovate. They must get more from their fixed assets, improve capital ROI and optimize the productivity and value of their increasingly mobile and demanding workforce. The Internet of Things helps address these issues, but as a complex and fast-moving market, partnerships must be formed to ensure a holistic, end-to-end approach. This alliance, combining GE Digital's Industrial IoT technologies with EY's IoT experience confirms the vital role of collaboration and strategic relationships. Bringing data analytics and cloud capabilities to co-create services to help companies use their data to realize significant gains in workflows and productivity will go a long way to address key business challenges."

    Carmine Di Sibio, EY Global Managing Partner -- Client Service, says:

    "At EY, we are forming strategic alliances, like the one today with GE Digital, to better serve our clients and new markets. With GE Digital, we'll help industrial companies not only improve productivity of their existing assets, but also help them to fundamentally reshape their enterprises."

    In the oil and gas industry, producers can use the IIoT to develop maintenance schedules that improve oil rig uptime, reduce the number of times workers must travel to maintain rigs and identify the tools and parts they need to take with them. In other industries, like hospitality, the IIoT can help a hotel system "know" when to block availability of a room because the plumbing requires maintenance.

    Bill Ruh [https://www.ge.com/about-us/leadership/profiles/william-ruh], Senior Vice President and Chief Digital Officer, GE and CEO, GE Digital, says:

    "We are building an Industrial Internet ecosystem with world-class partners who share our commitment to delivering better outcomes for our customers. Together, we are co-developing solutions on Predix that will combine GE's industrial domain expertise with EY's innovative approaches to addressing complex business challenges to uncover creative ways to increase productivity and efficiency for our customers through data and analytics."

    Jeff Liu, EY Leader for the GE alliance, and EY Global Sector Head, Technology, says:

    "With data and digital technology impacting every industry, businesses are under tremendous pressure to adapt in almost real time. Our expanded relationship with GE and approach to digital operations will enable us to bring innovative IIoT services to market to help clients dramatically improve productivity, reduce cost and increase revenues."

    Barbara Burgess Amy Sarosiek EY Global Media Relations GE Digital +1 212 773 1652 +1 847 277 4046 barbara.burgess@ey.com amy.sarosiek@ge.com

    EY

    Web site: http://www.ey.com/




    SuperCom Announces Availability of its Annual Report on Form 20-F

    HERZLIYA, Israel and NEW YORK, May 18, 2016 /PRNewswire/ --

    SuperCom , a leading provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, announced today that it has filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. This report contains, among other information, audited financial results for the twelve months ended December 31, 2015, which may be found in summary at the bottom of this release and supersede any previously released financial information provided by the Company.

    In addition, this report provides disclosure on the conclusion of the Company's negotiations with On Track Innovations Ltd. ("OTI"), with respect to the earn-out liability and other claims, and it entering into a settlement agreement with OTI. As part of this agreement, the remaining earn-out related to SuperCom's acquisition of OTI's SmartID division which closed on December 23, 2013 was reduced from the remaining maximum contractual amount of $10.7 million to a maximum of $3.55 million, out of which an amount of up to $2.05 million was paid at the beginning of May 2016, and the remaining amount of $1.5 million will be subject to the original earn-out mechanism.

    About SuperCom

    Since 1988, SuperCom has been a leading global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure

    Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

    SuperCom's website is http://www.supercom.com

    This press 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. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

    Use of Non-GAAP Financial Information

    In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), this release of operating results also contains non-GAAP financial measures, which SuperCom believes are the principal indicators of the operating and financial performance of its business. Management believes the non-GAAP financial measures provided are useful to investors' understanding and assessment of the Company's on-going core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the Company. Management uses these non-GAAP financial measures as a basis for strategic decisions, forecasting future results and evaluating the Company's current performance. However, such measures should not be considered in isolation or as substitutes for results prepared in accordance with GAAP. Reconciliation of the non-GAAP measures to the most comparable GAAP measures are provided in the schedules attached to this release.

    SUPERCOM LTD . CONSOLIDATED BALANCE SHEETS (U.S. dollars in thousands) Year ended December 31, 2015 2014 Audited Audited CURRENT ASSETS Cash and cash equivalents 22,246 4,789 Restricted bank deposits 3,274 5,195 Trade receivable, net 15,122 11,628 Deferred tax short term 2,639 3,958 Other accounts receivable and prepaid expenses 1,199 1,190 Inventories, net 3,602 1,614 Total current assets 48,082 28,374 LONG-TERM ASSETS Severance pay funds 216 325 Deferred tax long term 1,433 301 Property & equipment, net 888 616 Customer Contracts 4,052 4,587 Software and other IP 4,595 4,949 Other Intangible assets 1,988 - Goodwill 4,688 3,722 Total Assets 65,942 42,874 CURRENT LIABILITIES Trade payables 3,705 2,892 Employees and payroll accruals 1,488 944 Related parties 77 341 Accrued expenses and other liabilities 2,917 2,755 Advances from customers - 2,864 Short-term liability for future earn-out 2,051 2,870 Total current liabilities 10,238 12,666 LONG-TERM LIABILITIES Long-term liability for future earn-out 931 1,477 Accrued severance pay 341 425 Total long-term liabilities 1,272 1,902 SHAREHOLDERS' EQUITY: Ordinary shares 1,053 937 Additional paid-in capital 83,201 58,210 Accumulated deficit (29,822) (30,841) Total shareholders' equity 54,432 28,306 65,942 42,874

    SUPERCOM LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except per share data) Year ended December 31, 2015 2014 Audited Audited Revenues 28,340 29,703 Cost of revenues 10,446 7,301 Gross profit 17,894 22,402 Operating expenses: Research and development 3,669 3,359 Selling and marketing 6,611 7,036 General and administrative 3,947 2,773 Other expenses 2,174[1] 1,225 Total operating expenses 16,401 14,393 Operating income 1,493 8,009 Financial expenses, net (277) (133) Income before income tax 1,216 7,876 Income tax expense (197) (1,675) Net income 1,019 6,201 Net earnings per share: Basic 0.07 $ 0.46 Diluted 0.07 $ 0.45 Weighted average number of ordinary shares used in computing basic earnings per share 15,047,496 13,560,490 Weighted average number of ordinary shares used in computing diluted earnings per share 15,202,303 13,662,151

    1) Other expenses increased to $2.174m, primarily resulting from a conversion of total outstanding receivables from a certain customer, which amount to approximately $1.6m, to doubtful debt. The Company is in ongoing contact with the customer and will continue to make efforts to collect this full amount.

    SUPERCOM LTD. Reconciliation Table of GAAP to Non-GAAP figures and EBITDA to Net Income (U.S. dollars in thousands) Twelve months Ended December 31 December 31 2015 2014 GAAP gross profit 17,894 22,402 Amortization of Software and IP 354 354 Stock-based compensation expenses 309 - Non-GAAP gross profit 18,557 22,756 GAAP operating income 1,493 8,009 Expenses related to doubtful debts 1,576 1,225 Amortization of Software and IP 354 354 Stock-based compensation expenses 1,528 - Amortization of Customer Contracts 917 1,158 Expense related transaction DD 598 - Non-GAAP operating income 6,446 10,746 GAAP net income 1,019 6,201 Expenses related to doubtful debts 1,576 1,225 Amortization of Software and IP 354 354 Stock-based compensation expenses 1,528 - Amortization of Customer Contracts 917 1,158 Income tax expense 197 1,675 Expense related transaction DD 598 - Non-GAAP net income 6,189 10,613 Non-GAAP Basic EPS 0.41 0.81 GAAP net income for the period 1,019 6,201 Income tax expense 197 1,675 Financial expenses, net 277 133 Expenses related to doubtful debts 1,576 1,225 Depreciation and amortization 3,201 1,788 Expense related transaction DD 598 - EBITDA * 6,868 11,022 *EBITDA is a non-GAAP financial measure generally defined as earnings before interest, taxes, depreciation and amortization and other unrelated expense.

    Investor Relations Contacts: Brett Maas / Rob Fink Hayden IR +1-(646)-536-7331 / +1-(646)-415-8972 brett@haydenir.com / rob@haydenir.com Company Contact: Ordan Trabelsi, President Americas Tel: +1-212-675-4606 ordan@supercom.com

    SuperCom



    Leading Independent Proxy Advisory Firm Egan-Jones Recommends iRobot Shareholders Vote "FOR" ALL iRobot Director Nominees on WHITE Proxy Card

    BEDFORD, Mass., May 18, 2016 /PRNewswire/ -- iRobot Corp. ("iRobot" and the "Company"), a leader in delivering robotic technology-based solutions, today announced that Egan-Jones Proxy Services ("Egan-Jones"), an independent proxy voting and corporate governance firm, has recommended that iRobot shareholders vote "FOR" iRobot's highly-qualified and experienced director nominees - Mohamad Ali and Michael Bell - on the WHITE proxy card at the Company's Annual Meeting of Stockholders on May 25, 2016.

    http://photos.prnewswire.com/prnvar/20131104/NE10106LOGO

    In its May 18, 2016 report, Egan-Jones stated(i):

    "We believe that the current management and iRobot Board of Directors have been instrumental in the ongoing transformation of iRobot."

    "...Red Mountain has not offered a comprehensive strategic plan compared to what current management is executing...We see research and development as a critical need for a company that is essentially developing a new class of consumer product - household robots."

    "We are not convinced that the dissident shareholders' nominees are better than the Company nominees they would replace. The current Board members up for election appear to us to be some of the strongest members of the current Board."

    "...the solicitation being made by the dissidents could disrupt the ongoing efforts of the management toward the implementation of the strategic plan and put the Company's entire strategy at risk."

    "...the Company has taken significant actions to strengthen its corporate governance practices."

    Commenting on the Egan-Jones report, iRobot issued the following statement:

    We are pleased to have the support of leading independent proxy advisory firm Egan-Jones, which acknowledges that iRobot has the right Board and strategy to drive growth and increased value.

    iRobot is the leader in consumer robotics and has evolved our Board to reflect the needs of a consumer technology company. iRobot's highly-qualified director nominees, Michael Bell and Mohamad Ali, bring critical experience in software development, cloud computing and SaaS, the Internet of Things, and the connected home to iRobot's Board.

    iRobot encourages shareholders to follow Egan-Jones's recommendations and vote "FOR" iRobot's director nominees Mohamad Ali and Michael Bell.

    iRobot shareholders are reminded that their vote is extremely important, no matter how many or how few shares they own. iRobot recommends that shareholders support the Company's nominees by voting "FOR ALL" on iRobot's WHITE proxy card by phone or by internet today.

    Your Vote Is Important, No Matter How Many Or How Few Shares You Own If you have questions about how to vote your shares, or need additional assistance, please contact the firm assisting us in the solicitation of proxies: INNISFREE M&A INCORPORATED Shareholders Call Toll-Free: (877) 717-3929 Banks and Brokers Call Collect: (212) 750-5833 REMEMBER: We urge you NOT to vote using any Green proxy card sent to you by Red Mountain Capital, as doing so will revoke your vote on the WHITE proxy card. ----------------------------------

    About iRobot Corporation
    iRobot Corporation ("iRobot", or the "Company") designs and builds robots that empower people to do more. The Company's home robots help people find smarter ways to clean and accomplish more in their daily lives. Its remote presence robots enable virtual presence from anywhere in the world. iRobot's portfolio of solutions feature proprietary technologies for the connected home and advanced concepts in navigation, mobility, manipulation and artificial intelligence. For more information about iRobot, please visit www.irobot.com.

    Important Stockholder Information
    iRobot will hold its 2016 Annual Meeting of stockholders on May 25, 2016. The Company has filed with the Securities and Exchange Commission (the "SEC") and mailed to its stockholders a definitive proxy statement and form of WHITE proxy card in connection with the 2016 Annual Meeting. The definitive proxy statement contains important information about the Company, the 2016 Annual Meeting and related matters.

    COMPANY STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT SOLICITATION MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION.

    The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the matters to be considered at the 2016 Annual Meeting. Information regarding the Company's directors and executive officers is contained in the Company's annual report on Form 10-K filed with the SEC on February 19, 2016, and definitive proxy statement filed with the SEC on March 29, 2016.

    The proxy statement and other relevant solicitation materials (when they become available), and any and all documents filed by the Company with the SEC, may be obtained by investors and security holders free of charge at the SEC's web site at www.sec.gov. In addition, the Company's filings with the SEC, including the proxy statement and other relevant solicitation materials (when they become available), may be obtained, without charge, from the Company by directing a request to the Company at 8 Crosby Drive, Bedford, MA 01730, Attention: Investor Relations. Such materials are also available at www.irobot.com.

    Forward-Looking Statements
    Certain statements made in this communication that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified with words like "believe," "may," "could," "would," "might," "should," "expect," "intend," "plan," "target," "anticipate" and "continue," the negative of these words, other terms of similar meaning or the use of future dates. This communication contains express or implied forward-looking statements relating to, among other things, the impact of decreasing our R&D spending and the impact of our strategic actions to enhance stockholder value. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things, our ability to enhance stockholder value through our strategic actions. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot undertakes no obligation to update or revise the information contained in this communication, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot, see the disclosure contained in our public filings with the SEC.

    (i) Permission to use quotations neither sought nor obtained

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/leading-independent-proxy-advisory-firm-egan-jones-recommends-irobot-shareholders-vote-for-all-irobot-director-nominees-on-white-proxy-card-300271065.html

    Photo: http://photos.prnewswire.com/prnh/20131104/NE10106LOGO iRobot Corp.

    CONTACT: Investor Contacts: Elise Caffrey, Investor Relations, iRobot
    Corp., (781) 430-3003, ecaffrey@irobot.com, Scott Winter / Jennifer
    Shotwell, Innisfree M&A Incorporated, (212) 750-5833, Media Contacts:
    Charlie Vaida, Media Relations, iRobot Corp., (781) 430-3182,
    cvaida@irobot.com, Andi Rose / Becky McClain, Joele Frank, Wilkinson
    Brimmer Katcher, (212) 355-4449

    Web site: http://www.irobot.com/




    Synopsys Posts Financial Results for Second Quarter Fiscal Year 2016Q2 2016 Financial Highlights- Revenue: $605.0 million- GAAP earnings per share: $0.45- Non-GAAP earnings per share: $0.81- Operating cash flow: $222.4 million

    MOUNTAIN VIEW, Calif., May 18, 2016 /PRNewswire/ -- Synopsys, Inc. today reported results for its second quarter of fiscal year 2016.

    For the second quarter of fiscal year 2016, Synopsys reported revenue of $605.0 million, compared to $557.2 million for the second quarter of fiscal 2015, an increase of 8.6 percent.

    "Our second fiscal quarter results were very strong. Consequently, we are increasing our annual revenue and operating cash flow targets, as well as raising the midpoint of our non-GAAP earnings per share guidance range," said Aart de Geus, chairman and co-CEO of Synopsys. "In an environment where semiconductor companies are restructuring and in transition, and where system houses and software developers are grappling with growing code complexity and increased security vulnerabilities, Synopsys is executing very well. By balancing our investments for near-term customer success and long-term product differentiation, we continue to drive and deliver solid shareholder value."

    GAAP Results

    On a generally accepted accounting principles (GAAP) basis, net income for the second quarter of fiscal 2016 was $69.4 million, or $0.45 per share, compared to $55.6 million, or $0.35 per share, for the second quarter of fiscal 2015.

    Non-GAAP Results

    On a non-GAAP basis, net income for the second quarter of fiscal 2016 was $125.6 million, or $0.81 per share, compared to non-GAAP net income of $107.6 million, or $0.68 per share, for the second quarter of fiscal 2015. Reconciliation between GAAP and non-GAAP results is provided at the end of this press release.

    Financial Targets

    Synopsys also provided its financial targets for the third quarter and full fiscal year 2016. These targets do not include any impact of future acquisition-related activities or costs that may be incurred in fiscal year 2016. In fiscal year 2016, Synopsys began utilizing a normalized annual non-GAAP tax rate in calculating non-GAAP financial measures in order to provide better consistency across interim reporting periods by eliminating the effects of non-recurring and period-specific items.

    These targets constitute forward-looking statements and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below.

    Third Quarter of Fiscal Year 2016 Targets:

    --  Revenue: $595 million - $610 million
    --  GAAP expenses: $517 million - $536 million
    --  Non-GAAP expenses: $463 million - $473 million
    --  Other income and expense: $0 - $2 million
    --  Tax rate applied in non-GAAP net income calculations: 19 percent
    --  Fully diluted outstanding shares: 153 million - 156 million
    --  GAAP earnings per share: $0.42 - $0.51
    --  Non-GAAP earnings per share: $0.72 - $0.75
    

    Full Fiscal Year 2016 Targets:

    --  Revenue: $2.360 billion - $2.400 billion
    --  Other income and expense: $4 million - $6 million
    --  Tax rate applied in non-GAAP net income calculations: 19 percent
    --  Fully diluted outstanding shares: 153 million - 156 million
    --  GAAP earnings per share: $1.67 - $1.79
    --  Non-GAAP earnings per share: $2.95 - $3.00
    --  Cash flow from operations: $510 million - $530 million
    

    GAAP Reconciliation

    Synopsys continues to provide all information required in accordance with GAAP, but believes evaluating its ongoing operating results may not be as useful if an investor is limited to reviewing only GAAP financial measures. Accordingly, Synopsys presents non-GAAP financial measures in reporting its financial results to provide investors with an additional tool to evaluate Synopsys' operating results in a manner that focuses on what Synopsys believes to be its ongoing business operations and what Synopsys uses to evaluate its ongoing operations and for internal planning and forecasting purposes. Synopsys' management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Synopsys' management believes it is useful for itself and investors to review, as applicable, both GAAP information that includes: (i) the amortization of acquired intangible assets, (ii) the impact of stock compensation, (iii) acquisition-related costs, and (iv) other significant items, including restructuring charges and, in fiscal 2015, certain accruals for legal and tax matters. In fiscal 2015, the non-GAAP tax provision excluded the income tax effect of above-mentioned non-GAAP pre-tax adjustments as well as unusual or infrequent tax adjustments; and the non-GAAP measures that exclude such information in order to assess the performance of Synopsys' business and for planning and forecasting in subsequent periods. In fiscal 2016, Synopsys began utilizing a normalized annual non-GAAP tax rate in the calculation of its non-GAAP measures that is based on our projected annual tax rate through fiscal 2018. In projecting this rate, we evaluated our historical and projected mix of U.S. and international profit before tax, excluding the impact of stock-based compensation, the amortization of purchased intangibles and other non-GAAP adjustments described above. We also took into account other factors including our current tax structure, our existing tax positions, and expected recurring tax incentives, such as the U.S. federal research and development tax credit. We intend to re-evaluate this rate on an annual basis for any significant events that may materially affect our projections, such as significant changes in our geographic earnings mix or significant tax law changes in major jurisdictions where we operate. Whenever Synopsys uses a non-GAAP financial measure, it provides a reconciliation of the non-GAAP financial measure to the most closely applicable GAAP financial measure. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measure as detailed below.

    Reconciliation of Second Quarter Fiscal Year 2016 Results

    The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP net income and earnings per share for the period indicated below.


    GAAP to Non-GAAP Reconciliation of Second Quarter Fiscal Year 2016 Results (unaudited and in thousands, except per share amounts) Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 ---- ---- ---- ---- GAAP net income $69,376 $55,596 $129,411 $120,785 Adjustments: Amortization of intangible assets 31,579 32,048 69,040 64,356 Stock compensation 23,459 20,283 46,472 40,864 Acquisition-related costs 1,941 3,472 5,813 4,184 Restructuring charges 894 - 2,987 15,336 Legal and tax matters - - - (1,519) Tax adjustments (1) (1,621) (3,840) (22,162) (10,776) ------ ------ ------- ------- Non-GAAP net income $125,628 $107,559 $231,561 $233,230 ======== ======== ======== ======== Three Months Ended Six Months Ended April 30, April 30, 2016 2015 2016 2015 ---- ---- ---- ---- GAAP net income per share $0.45 $0.35 $0.84 $0.77 Adjustments: Amortization of intangible assets 0.20 0.20 0.45 0.41 Stock compensation 0.15 0.13 0.29 0.26 Acquisition-related costs 0.01 0.02 0.03 0.03 Restructuring charges 0.01 - 0.02 0.10 Legal and tax matters - - - (0.01) Tax adjustments (1) (0.01) (0.02) (0.14) (0.08) Non-GAAP net income per share $0.81 $0.68 $1.49 $1.48 ===== ===== ===== ===== Shares used in calculation 154,536 157,483 154,921 157,409

    (1) Fiscal 2016 tax adjustments reflect the application of our normalized annual non-GAAP tax rate to non-GAAP pre-tax income.

    Reconciliation of Target Non-GAAP Operating Results

    The following tables reconcile the specific items excluded from GAAP in the calculation of target non-GAAP operating results for the periods indicated below.


    GAAP to Non-GAAP Reconciliation of Third Quarter Fiscal Year 2016 Targets (in thousands, except per share amounts) Range for Three Months Ending July 31, 2016 (1) Low High --- ---- Target GAAP expenses $517,000 $536,000 Adjustments: Estimated impact of amortization of intangible assets (31,000) (35,000) Estimated impact of stock compensation (23,000) (28,000) Target non-GAAP expenses $463,000 $473,000 ======== ======== Range for Three Months Ending July 31, 2016 (1) Low High --- ---- Target GAAP earnings per share $0.42 $0.51 Adjustments: Estimated impact of amortization of intangible assets 0.23 0.20 Estimated impact of stock compensation 0.18 0.15 Estimated impact of tax adjustments (2) (0.11) (0.11) Target non-GAAP earnings per share $0.72 $0.75 ===== ===== Shares used in non-GAAP calculation (midpoint of target range) 154,500 154,500 GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2016 Targets Range for Fiscal Year Ending October 31, 2016 (1) -------------------------- Low High --- ---- Target GAAP earnings per share $1.67 $1.79 Adjustments: Estimated impact of amortization of intangible assets 0.87 0.83 Estimated impact of stock compensation 0.66 0.62 Acquisition-related costs 0.03 0.03 Estimated impact of restructuring 0.02 0.02 Estimated impact of tax adjustments (2) (0.30) (0.29) Target non-GAAP earnings per share $2.95 $3.00 ===== ===== Shares used in non-GAAP calculation (midpoint of target range) 154,500 154,500

    (1) Synopsys' third quarter and fiscal year end on July 30, 2016 and October 29, 2016, respectively. For presentation purposes, we refer to the closest calendar month end. (2) Fiscal 2016 tax adjustments reflect the application of our normalized annual non-GAAP tax rate to non-GAAP pre-tax income.

    Earnings Call Open to Investors

    Synopsys will hold a conference call for financial analysts and investors today at 2:00 p.m. Pacific Time. A live webcast of the call will be available at Synopsys' corporate website at www.synopsys.com. A recording of the call will be available by calling +1-800-475-6701 (+1-320-365-3844 for international callers), access code 392961, beginning at 4:00 p.m. Pacific Time today. A webcast replay will also be available on the website from approximately 4:30 p.m. Pacific Time today through the time Synopsys announces its results for the third fiscal quarter in August 2016. Synopsys will post copies of the prepared remarks of Aart de Geus, chairman and co-chief executive officer, and Trac Pham, chief financial officer, on its website following the call. In addition, Synopsys makes additional information available in a financial supplement and corporate overview presentation, also posted on the corporate website.

    Effectiveness of Information

    The targets included in this release, the statements made during the earnings conference call and the information contained in the financial supplement and corporate overview presentation (available in the Investor Relations section of Synopsys' website at www.synopsys.com) represent Synopsys' expectations and beliefs as of the date of this release only. Although this press release, copies of the prepared remarks of the co-chief executive officer and chief financial officer made during the call, the financial supplement, and corporate overview presentation will remain available on Synopsys' website through the date of the third quarter fiscal year 2016 earnings call in August 2016, their continued availability through such date does not mean that Synopsys is reaffirming or confirming their continued validity. Synopsys does not currently intend to report on its progress during the third quarter of fiscal year 2016 or comment to analysts or investors on, or otherwise update, the targets given in this earnings release.

    Availability of Final Financial Statements

    Synopsys will include final financial statements for the second quarter fiscal 2016 in its quarterly report on Form 10-Q to be filed by June 9, 2016.

    About Synopsys

    Synopsys, Inc. is the Silicon to Software(TM) partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 16th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software quality and security solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest quality and security, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including, but not limited to, information in the sections entitled "Financial Targets" and "Reconciliation of Target Non-GAAP Operating Results." These statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements. Accordingly, we caution stockholders and prospective investors not to place undue reliance on these statements. Such risks, uncertainties and factors include, but are not limited to: uncertainty in the growth of the semiconductor and electronics industry; consolidation among our customers; continued uncertainty in the global economy; our ability to realize the potential financial or strategic benefits of acquisitions we complete; changes in accounting principles or standards; fluctuation of our operating results; our highly competitive industries and our ability to meet our customers' demand for innovative technology at lower costs; our ability to protect our proprietary technology; application of the actual consolidated GAAP tax rate, or our decision to change our non-GAAP normalized tax rate, as a result of a number of factors, including the actual geographic mix of revenue during the quarter and year, tax law changes, actions by government authorities, or judgment by management, based upon the status of pending audits and settlements, to increase or decrease an income tax asset or liability; investments of more resources in research and development than anticipated; risks and compliance obligations relating to the global nature of our operations; cybersecurity threats or other security breaches; liquidity requirements in our U.S. operations; claims that our products infringe on third-party intellectual property rights; product errors or defects; litigation; the ability to obtain licenses to third-party software and intellectual property on reasonable terms or at all; the ability to timely recruit and retain senior management and key employees; evolving corporate governance and public disclosure regulations; the inherent limitations on the effectiveness of our controls and compliance programs; the impairment of our investment portfolio by the deterioration of capital markets and the change in the fair value of our non-qualified deferred compensation plan obligations; the accuracy of certain assumptions, judgments and estimates that affect amounts reported in our financial statements; and the impact of catastrophic events. More information on potential risks, uncertainties and other factors that could affect Synopsys' results is included in filings it makes with the Securities and Exchange Commission from time to time, including in the sections entitled "Risk Factors" in its Annual Report on Form 10-K for the fiscal year ended October 31, 2015 and in its Form 10-Q for the fiscal quarter ended April 30, 2016 to be filed with the SEC. The information provided herein is as of May 18, 2016. Synopsys undertakes no duty, and does not intend, to update any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law.


    SYNOPSYS, INC. Unaudited Consolidated Statements of Operations (1) (in thousands, except per share amounts) Three Months Ended Six Months Ended April 30, April 30, --------- --------- 2016 2015 2016 2015 ---- ---- ---- ---- Revenue: Time-based license $484,175 $447,844 $948,455 $878,870 Upfront license 58,163 44,313 101,600 90,793 Maintenance and service 62,667 65,047 123,554 129,584 ------ ------ ------- ------- Total revenue 605,005 557,204 1,173,609 1,099,247 Cost of revenue: License 85,444 70,350 161,837 141,134 Maintenance and service 21,631 29,010 44,156 56,993 Amortization of intangible assets 24,555 25,612 55,081 51,478 Total cost of revenue 131,630 124,972 261,074 249,605 Gross margin 473,375 432,232 912,535 849,642 Operating expenses: Research and development 216,172 188,315 412,877 369,925 Sales and marketing 120,926 120,579 243,546 226,748 General and administrative 41,553 40,975 81,250 77,329 Amortization of intangible assets 7,024 6,436 13,959 12,878 Restructuring charges 894 - 2,987 15,336 Total operating expenses 386,569 356,305 754,619 702,216 Operating income 86,806 75,927 157,916 147,426 Other income (expense), net 10,417 7,957 3,649 13,073 ------ ----- ----- ------ Income before income taxes 97,223 83,884 161,565 160,499 Provision (benefit) for income taxes 27,847 28,288 32,154 39,714 Net income $69,376 $55,596 $129,411 $120,785 ======= ======= ======== ======== Net income per share: Basic $0.46 $0.36 $0.85 $0.78 Diluted $0.45 $0.35 $0.84 $0.77 Shares used in computing per share amounts: Basic 152,250 154,515 152,609 154,486 ======= ======= ======= ======= Diluted 154,536 157,483 154,921 157,409 ======= ======= ======= =======

    (1) Synopsys' second quarter of fiscal year 2016 and 2015 ended on April 30, 2016 and May 2, 2015, respectively. For presentation purposes, we refer to the closest calendar month end.


    SYNOPSYS, INC. Unaudited Consolidated Balance Sheets (1) (in thousands, except par value amounts) April 30, 2016 October 31, 2015 -------- ASSETS: Current assets: Cash and cash equivalents $827,946 $836,188 Short-term investments 131,976 128,747 ------- ------- Total cash, cash equivalents and short-term investments 959,922 964,935 Accounts receivable, net 299,076 385,694 Income taxes receivable and prepaid taxes 48,397 46,732 Prepaid and other current assets 95,802 71,446 ------ ------ Total current assets 1,403,197 1,468,807 Property and equipment, net 258,856 263,077 Goodwill 2,500,804 2,471,241 Intangible assets, net 320,076 363,659 Long-term prepaid taxes 17,480 18,736 Long-term deferred income taxes 282,393 273,909 Other long-term assets 182,457 186,310 Total assets $4,965,263 $5,045,739 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY: Current liabilities: Accounts payable and accrued liabilities $285,196 $385,542 Accrued income taxes 23,653 19,565 Deferred revenue 926,363 968,246 Short-term debt 250,000 205,000 ------- ------- Total current liabilities 1,485,212 1,578,353 Long-term accrued income taxes 34,471 37,763 Long-term deferred revenue 91,420 93,613 Other long-term liabilities 204,155 202,021 ------- ------- Total liabilities 1,815,258 1,911,750 Stockholders' equity: Preferred stock, $0.01 par value: 2,000 shares authorized; - - none outstanding Common stock, $0.01 par value: 400,000 shares authorized; 152,255 and 155,157 shares outstanding, respectively 1,523 1,552 Capital in excess of par value 1,642,783 1,610,460 Retained earnings 1,838,704 1,725,727 Treasury stock, at cost: 5,009 and 2,107 shares, respectively (229,942) (98,375) Accumulated other comprehensive income (loss) (103,063) (105,375) -------- -------- Total stockholders' equity 3,150,005 3,133,989 Total liabilities and stockholders' equity $4,965,263 $5,045,739 ========== ==========

    (1) Synopsys' second quarter of fiscal 2016 ended on April 30, 2016, and its fiscal year 2015 ended on October 31, 2015. For presentation purposes, we refer to the closest calendar month end.


    SYNOPSYS, INC. Unaudited Consolidated Statements of Cash Flows (1) (in thousands) Six Months Ended April 30, -------------------------- 2016 2015 ---- ---- CASH FLOWS FROM OPERATING ACTIVITIES: Net income $129,411 $120,785 Adjustments to reconcile net income to net cash provided by operating activities: Amortization and depreciation 107,226 102,051 Stock compensation 46,472 40,864 Allowance for doubtful accounts 450 600 (Gain) loss on sale of investments (10) (17) Excess tax benefits on stock-based awards (920) - Deferred income taxes (9,984) 27,636 Net changes in operating assets and liabilities, net of acquired assets and liabilities: Accounts receivable 93,619 (16,491) Prepaid and other current assets (23,208) (34,584) Other long-term assets 656 (13,359) Accounts payable and accrued liabilities (108,005) (62,142) Income taxes 4,409 (27,077) Deferred revenue (52,852) (70,530) ------- ------- Net cash provided by operating activities 187,264 67,736 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sales and maturities of short-term investments 75,570 17,721 Purchases of short-term investments (79,079) (154,744) Proceeds from sales of long-term investments 1,785 - Purchases of property and equipment (28,900) (43,979) Cash paid for acquisitions and intangible assets, net of cash acquired (46,100) (2,303) Capitalization of software development costs (1,973) (1,865) Other - 900 Net cash used in investing activities (78,697) (184,270) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from credit facility 60,000 250,000 Repayment of debt (15,000) (105,424) Issuances of common stock 36,783 54,006 Purchase of equity forward contract (20,000) (36,000) Purchases of treasury stock (180,000) (144,000) Excess tax benefits on stock-based awards 920 - Other (1,470) (116) Net cash provided by (used in) financing activities (118,767) 18,466 Effect of exchange rate changes on cash and cash equivalents 1,958 (18,849) Net change in cash and cash equivalents (8,242) (116,917) Cash and cash equivalents, beginning of the year 836,188 985,762 Cash and cash equivalents, end of the period $827,946 $868,845 ======== ========

    (1) Synopsys' second quarter of fiscal year 2016 and 2015 ended on April 30, 2016 and May 2, 2015, respectively. For presentation purposes, we refer to the closest calendar month end.

    INVESTOR CONTACT:
    Lisa L. Ewbank
    Synopsys, Inc.
    650-584-1901
    Synopsys-ir@synopsys.com

    EDITORIAL CONTACT:
    Sheryl Gulizia
    Synopsys, Inc.
    650-584-8635
    sgulizia@synopsys.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/synopsys-posts-financial-results-for-second-quarter-fiscal-year-2016-300270998.html

    Synopsys, Inc.

    Web site: http://www.synopsys.com/

    Company News On-Call: http://www.prnewswire.com/comp/AAB595.html




    SuperCom to Present at Cowen and Company 44th Annual TMT Conference

    HERZLIYA, Israel, May 18, 2016 /PRNewswire/ --

    SuperCom , a leading provider of digital security solutions for the e-Government, Public Safety, Healthcare and Finance sectors announced today that Ordan Trabelsi, President Americas, will present at the Cowen and Company 44th Annual TMT Conference on Thursday, June 2, 2016 at 2:00 p.m. ET. The conference will be held June 1-2, 2016 at Lotte New York Palace in New York.

    In addition, Mr. Trabelsi will be available for one-on-one meetings at the conference on June 2. Investors attending the conference that are interested in meeting with management should contact their Cowen representative or Hayden IR at spcb@haydenir.com.

    About SuperCom

    Since 1988, SuperCom has been a leading global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secured Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

    SuperCom's website: http://www.supercom.com

    About Cowen and Company

    Cowen and Company's conferences are major industry events attracting top institutional investors as well as leading companies in our sectors of focus - Health Care, Technology, Media and Telecommunications (TMT), Information and Technology Services, Consumer, Energy, Aerospace & Defense / Industrials, and Transportation. We host several industry-specific conferences each year and have put together an exciting schedule of upcoming conferences. Combining company presentations, on-stage interviews, panel discussions and management breakout sessions, our conferences give institutional investors direct contact with senior management and industry experts, and provide an introduction to dynamic emerging companies.

    Investor Relations Contacts: Brett Maas / Rob Fink Hayden IR +1-(646)-536-7331 / +1-(646)-415-8972 brett@haydenir.com / rob@haydenir.com EmptyBreak:MARKER Company Contact: Ordan Trabelsi, President Americas Tel: +1-212-675-4606 ordan@supercom.com

    SuperCom



    BioLife Solutions Appoints Jim Mathers as New Vice President of SalesProven C Level Sales Performance in First in Class Medical Devices, Software, Healthcare Practice Management

    BOTHELL, Wash., May 18, 2016 /PRNewswire/ -- BioLife Solutions, Inc. , a leading developer, manufacturer and marketer of proprietary clinical grade cell and tissue hypothermic storage and cryopreservation freeze media and a related cloud hosted biologistics cold chain management app for smart shippers ("BioLife" or the "Company"), today announced that it has appointed Jim Mathers to the position of Vice President of Sales, replacing Matt Snyder, who is retiring.

    Mathers previously excelled in sales, sales management, business development, and operations management positions with companies such as Stryker (Mako Surgical), Brainlab AG, Aramark, Accuray, and Cardiac Science.

    Mike Rice, BioLife President & CEO, commented, "I am thrilled to welcome Jim to BioLife. He is a consummate sales professional, skilled and adept at coaching and training new sellers and in personally identifying key decision makers and presenting a compelling business case for the adoption of novel and disruptive technologies such as our evo Smart Shipper and biologistex(TM) cold chain SaaS. I look forward to his contributions and expect he will be a significant contributor in driving adoption of our first in class cold chain solutions for time and temperature sensitive biologic materials."

    Rice continued, "I also want to recognize the many contributions of Matt Snyder over the last several years. Matt was instrumental in leading and managing our sales organization to achieve 25% annual growth over the last several years. The entire BioLife team wishes him well in retirement."

    About BioLife Solutions

    BioLife Solutions develops, manufactures and markets biopreservation media products and smart shipping containers connected to a cloud hosted cold chain management app to improve the quality of delivery logistics for cells, tissues, and organs. The Company's proprietary HypoThermosol((R)) and CryoStor((R)) platform of solutions are highly valued in the biobanking, drug discovery, and regenerative medicine markets. BioLife's biopreservation media products are serum-free and protein-free, fully defined, and are formulated to reduce preservation-induced cell damage and death. BioLife's enabling technology provides commercial companies and clinical researchers significant improvement in shelf life and post-preservation viability and function of cells, tissues, and organs.

    Our biologistex cloud based cold chain management service is an integrated logistics and tracking and trace web app used by shippers of time and temperature sensitive biologic materials. The evo Smart Shipper is a state of the art precision thermal shipping container with embedded payload monitoring, GPS location tracking, and cellular communication electronics that transmit critical shipment information to the cloud. This SaaS app enables users to monitor high value shipments during transit and configure actionable alerts for downstream recipients for location, approaching destination, delivery, package open, and remaining shelf life or stability via the patent pending StableAlert(TM) countdown timer. For more information please visit www.biolifesolutions.com, and follow BioLife on Twitter.

    This press release contains forward-looking statements, including, but not limited to, statements concerning new products, the company's anticipated business and operations, the potential utility of and market for its products and services, potential revenue growth and market expansion, market adoption of biologistex, commercial manufacturing of our customers' products, potential proceeds from the credit facility, and projected financial results, cash flow and liquidity, including the potential for reaching positive cash flow from operations next year. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including among other things, uncertainty regarding market adoption of products; uncertainty regarding third party market projections; market volatility; competition; litigation; and those other factors described in our risk factors set forth in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update the forward-looking statements contained herein or to reflect events or circumstances occurring after the date hereof, other than as may be required by applicable law.

    Media & Investor Relations Roderick de Greef Chief Financial Officer (425) 686-6003 rdegreef@biolifesolutions.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/biolife-solutions-appoints-jim-mathers-as-new-vice-president-of-sales-300270986.html

    BioLife Solutions, Inc.

    Web site: http://www.biolifesolutions.com/




    Navajo Nation honors Raytheon Dine Facility with Business of the Year AwardCompany recognized for industry excellence and community involvement

    FARMINGTON, N.M., May 18, 2016 /PRNewswire/ -- Raytheon Company's Missile Systems business in Farmington received the Navajo Nation Industry Business of the Year Award during the 2016 Navajo Nation Economic Summit. Raytheon Dine was recognized for its strong business growth, positive impact on the community, innovative manufacturing capabilities and technically advanced products.

    "This prestigious award is validation of the hard work and attention to detail exhibited every day by our workforce at Dine," said Kim Ernzen, Raytheon Missile Systems Operations vice president. "We value our partnership with the Navajo Nation and look forward to a long and mutually rewarding relationship."

    Besides providing jobs, Raytheon Dine makes a significant impact to the community through mentoring of Navajo students, regular backpack and school supply donation drives for Navajo schools, and the annual Raytheon Safety and Security Fair.

    "With a foundation of skilled Navajo technicians crafting the highest quality products, the 93-percent Navajo-staffed facility in Dine includes Navajo team members in all roles from operators, to engineers, to management," said Navajo Nation President Russell Begaye. "Safety, security, professionalism and respect are hallmarks of the Raytheon Dine team. Raytheon's efficient and effective manufacturing practices make the company a clear choice as a best business."

    About the Navajo Nation
    The Navajo Nation extends into the states of Utah, Arizona and New Mexico, covering more than 27,000 square miles. Russell Begaye has been president of the Navajo Nation since May 12, 2015.

    About Raytheon
    Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5ITM products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Visit us at www.raytheon.com and follow us on Twitter @Raytheon.

    Media Contact
    John B. Patterson
    +1.520.794.4559
    rmspr@raytheon.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/navajo-nation-honors-raytheon-dine-facility-with-business-of-the-year-award-300270898.html

    Raytheon Company

    Web site: http://www.raytheon.com/

    Company News On-Call: http://www.prnewswire.com/comp/742575.html




    HobbyLink Japan Selects NetSuite OneWorld To Manage Global Business GrowthGlobal Toy Supplier to Gain Visibility, Efficiency and Improve the Customer Experience with NetSuite Cloud ERP

    SAN JOSE, Calif. and TOKYO, May 18, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD 2016 - NetSuite Co., Ltd., the Japanese subsidiary of NetSuite Inc. , the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that HobbyLink Japan Inc., distributor of Japanese toys and hobby products to consumers and retail businesses across the globe, has selected NetSuite OneWorld to support its global expansion plans. HobbyLink will run its mission-critical business processes on NetSuite, including accounting, financials, inventory management and order management.

    Established in 1995, HobbyLink Japan, supplies some of the world's finest hobby kits, figures and toys, including a comprehensive selection of Gundam, Sci-Fi, anime and military models, books and supplies from a 4,000-square-meter facility in Tochigi. It has a catalogue of 125,000 SKUs and actual inventory of 60,000 items that can be ordered online and shipped to customers and collectors around the world with large markets in the US, Australia, the UK, Canada, Spain, Italy, Brazil, Germany, Malaysia and the Philippines. Currently, 30 percent of sales go through hobby shops and the other 70 percent through the ecommerce site.

    As Japanese pop culture gained popularity in markets around the world, the company experienced exponential growth. While the company enjoyed this business growth, at the same time, it had challenges with its existing on-premise accounting system and numerous Excel sheets that created extensive manual work and were error prone. The old system required heavy customization and could only offer basic reporting capabilities. Employees had to hand code most of the customer queries and responses. This ultimately hampered the company's ability to manage growth.

    After a rigorous evaluation of software solutions including SAP and Microsoft Dynamics, HobbyLink chose NetSuite OneWorld for the following reasons:

    --  Superior inventory management that can provide visibility into stock
    levels and when to replenish to help avoid out of stock or over-stock
    issues.
    --  Efficient order management that can centralize all orders and process
    them efficiently, helping to eliminate manual processes such as hand
    written orders and notes.
    --  Real-time visibility with one single unified financial system of record
    and financial reporting across the entire organization.
    --  360-degree view of its customers, allowing the company to better segment
    its customer base and tailor promotions to better meet demand for
    specific products and for specific geographic marketplaces.
    --  A modern, intuitive user interface that will require minimal training
    for staff.
    --  Productivity improvements by automating customer service responses and
    more quickly and efficiently resolving customer issues.
    

    Additionally, NetSuite OneWorld will manage HobbyLink's "Private Warehouse" System, which will allow customers to pay for an order but hold them in the company's warehouse until they are ready to receive them, a key benefit to collectors who want to consolidate purchases made over a period of time and only pay shipping costs once.

    "With NetSuite OneWorld, we expect to have clear insights into the business and business performance and I believe that there will be significant productivity improvements as the system will allow us to get near-instant access to business critical information," said HobbyLink CEO Mr. Scott Hards.

    "In addition, NetSuite OneWorld will be invaluable for assessing successes and failures in some of the product segments. We believe with NetSuite, we will be able to effectively manage our inventory to keep our stock levels and types at a point where we can execute well on demand and our customer service department can give the most up-to-date information to our customers. HobbyLink's aim is to continue to supply the world's finest hobby products and toys to its customers and provide an exceptional customer experience."

    "HobbyLink joins the growing number of businesses that see the value of bringing their mission-critical data together in NetSuite," said Tomoyuki Nakanishi, VP and GM Japan for NetSuite. "With the flexibility, agility and scalability of NetSuite's cloud ERP, these businesses can continue to grow and profit."

    About HobbyLink Japan

    Established in 1995, HobbyLink Japan distributes Japanese and international-brand plastic models, toys and figures to consumers and resellers around the world through its web sites at hlj.com and hlj.co.jp. The company also wholesales imported hobby products in Japan through its Beaver Corporation subsidiary.

    Today, more than 30,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management software to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

    Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates.

    For more information about NetSuite, please visit www.netsuite.com.

    For more information about NetSuite K.K., please visit www.netsuite.co.jp.

    NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.

    http://photos.prnewswire.com/prnvar/20090924/SF81218LOGO-b

    Logo - http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hobbylink-japan-selects-netsuite-oneworld-to-manage-global-business-growth-300270907.html

    Photo: http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b NetSuite Inc.

    CONTACT: Mei Li, NetSuite Inc., +1 650.627.1063, mli@netsuite.com

    Web site: http://www.netsuite.com/

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