Cloud computing is transforming the way businesses think about and leverage technology. As a result, the general understanding of cloud computing has come a long way in a short time. However, there are still many misconceptions about what cloud computing is and what it can do for businesses that adopt this game-changing computing model.
In his General Session at the 12th International Cloud Expo, Gene Eun, Senior Director, Oracle Cloud at Oracle, will discuss and dispel some of the common myth...| By Marketwire . | Article Rating: |
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| November 20, 2012 08:00 AM EST | Reads: |
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RICHMOND, BRITISH COLUMBIA -- (Marketwire) -- 11/20/12 -- DDS Wireless International Inc. ("DDS" or "the Company") (TSX:DD) announced today that its Taxi business unit, Digital Dispatch Systems, has signed a significant contract, among others, with a prestigious taxi company in California for $0.6 million for the sale of the DDS flagship product, the Vector 9000(TM). In addition, its Finnish company MobiSoft Oy signed a key contract for the sale of Vector 9000(TM) for a value of $0.2 million.
"I am very pleased with this indication of adoption by the Finnish taxi market of our mobile data computers. We have been in the Finnish market for four years as a result of the acquisition of MobiSoft Oy in 2007 and to date the deployment of our TaxiBook SaaS offering has predominately been on PDAs," said Vari Ghai, CEO of DDS Wireless. "In the second half of this year we launched an initiative to introduce our mobile data terminals into this market and we are receiving strong early indicators of success," continued Mr. Ghai.
Furthermore, Digital Dispatch announced that it continues to extend its reach through business partners in the area of mobile booking applications, with a recently signed contract to provide a mobile taxi application provider with enhanced access to the DDS dispatching algorithm.
DDS anticipates that $0.7 million of the above noted contract signings will be recognized as revenue in fiscal 2012.
About DDS Wireless International Inc.
DDS Wireless International Inc. is a global leader in providing application software for multiple vertical markets within the transportation industry. The Company specializes in transit routing and scheduling, real-time dispatching, vehicle location and tracking software applications, communications infrastructure as well as in-vehicle wireless devices. DDS Wireless operates three businesses dedicated for Taxi, Transit and New Markets such as Limousines, Airport Shuttles and Work fleets. The Company supports its customers worldwide through its offices in Canada, Finland, Singapore, Sweden, U.K. and U.S.A.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, operations, anticipated financial performance, business prospects and strategies, statements about future market conditions, supply and demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical facts. Such forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors which could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, business risks, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Given these risks and uncertainties DDS Wireless cannot guarantee that any forward looking statements will be realized.
Contacts:
DDS Wireless International Inc.
Investor Relations
(604) 241 1441
Investors@ddswireless.com
DDS Wireless International Inc.
Caroline J. Dunn
Chief Financial Officer
(604) 214 7206
Published November 20, 2012 Reads 154
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Cloud computing is transforming the way businesses think about and leverage technology. As a result, the general understanding of cloud computing has come a long way in a short time. However, there are still many misconceptions about what cloud computing is and what it can do for businesses that adopt this game-changing computing model.
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SYS-CON Events announced today that Wowrack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosting Solutions. Wowrack provides a true Hybrid service – where business release all IT management and hardware provisioning – taking the data center and server system administrative headaches off our customer’s shoulders. ...
SYS-CON Events announced today that nfina Technologies, a provider of highly reliable cloud server products, will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
nfina Technologies develops, manufactures, and markets highly reliable cloud server products, designed to solve the most demanding data center requirements in mission-critical cloud applications. Nfina’s staff has decades of experience in co...
SYS-CON Events announced today that OpenStack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. OpenStack software controls large pools of compute, storage, and networking resources throughout a datacenter, all managed by a dashboard that gives administrators control while empowering their users to provision resources through a web interface.
OpenStack powers some of the most widely-used SaaS app...
As enterprises deploy private IaaS clouds into production they are reevaluating their future application delivery models. SUSE and WSO2 believe that private PaaS will leverage the automation and scalability of Private IaaS solutions, such as OpenStack-based SUSE Cloud, to deliver the secure, standardized development environments that will make migrating to an agile, serviceoriented delivery model possible.
In their session at the 12th International Cloud Expo, Chris Haddad, VP of Technology Ev...
Organizations across the world are increasingly starting to see the benefits of moving more and more services to the cloud. The focus on the cost-saving potential of cloud is rapidly shifting to completely transforming the business with cloud. As organizations are investing enormous sums on technology they are starting to realize that in order to maximize the return on investment and accelerate the business transformation process the first area of focus should be people. By ensuring the organiza...
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