Click here to close now.

Welcome!

@CloudExpo Authors: Dana Gardner, Wayne Lam, Ian Khan, Liz McMillan, Elizabeth White

News Feed Item

Sales of Microchips and Database Related Services Led the Way in Pethealth's Non-Insurance Business in 2012

OAKVILLE, ONTARIO -- (Marketwire) -- 01/18/13 -- Pethealth Inc. ("Pethealth" or the "Company") (TSX:PTZ) saw continued growth in its non-insurance operations in 2012, led by its microchipping operations in the United States, Canada and the United Kingdom.

Microchip sales for 2012 totalled 1,509,645, up 14% over 2011. All three countries where the Company sells microchips for companion animal use recorded record sales. Supporting the business was the launch in Q1 of the MiniChip. The MiniChip, exclusive to the Company in 2012, is one-third the size of the standard microchip which is itself approximately the size of a grain of rice. The MiniChip, like the standard sized microchip which accounted for the bulk of sales in 2012, is manufactured by Allflex USA, Inc., the world leader in design, technology, manufacturing, and distribution of animal identification systems for traceability purposes.

As of December 31, 2012, the Company's cloud-based animal management system called PetPoint had been licensed by 1,955 animal welfare organizations in the United States and Canada, representing an increase of 182 organizations over the number licensed as of December 31, 2011. Included in this group were Central California SPCA, Calgary Humane Society and Dekalb County Animal Services and Enforcement.

Dekalb County, a municipally owned organization in Georgia, is representative of the growing trend amongst municipally owned animal control organizations to move to PetPoint to take advantage of the Company's hosted application. Whereas previously, municipally owned organizations were reluctant or were prohibited from having third parties host their data, financial pressures on municipal budgets as well as the growing trend towards cloud applications are leading many of these organizations to join the already large number of 501c3 animal shelters to license the Company's software. As of December 31, 2012, a total of 255 municipally owned animal welfare organizations made up the 1,955 organizations in total that have now licensed PetPoint.

While the Company continues to offer two free versions of the software, PetPoint Lite and PetPoint 4.0, the Company did introduce in 2012 a pay-as-you-go version called PetPoint Enterprise Phase 1. By December 31, 2012, 88 organizations had signed license agreements to pay for the Company's industry leading software. Animal intakes recorded in 2012 totalled 2.34-million, an increase of 4% over 2011. Adoptions recorded through PetPoint totalled 973,000, an increase of 9% over 2011.

As of December 31, 2012, the Company held records for over 17-million animals, including 12.6 million vaccinations and 2 million spay/neuter surgeries in its position as the largest aggregator of shelter data. The Company monetizes its platform on both a BtoB and BtoC basis, offering in addition to microchips a growing range of pet pharmacy products to be used by shelters in their day-to-day operations. Included was the launch of the partnership in 2012 with Velcera, Inc., the parent company of FidoPharm, Inc., in which Pethealth began distributing PetArmor and PetTrust Plus, FidoPharm's flea/tick and heartworm medications.

The Company monetizes adoptions through a range of consumer focused programs, including its pet health insurance sold in 2012 under the ShelterCare and 24PetWatch brand names and pet pharmacy and pet specialty retail products through its PetangoStore.com web site and via a growing number of white labelled stores created in partnership with its animal welfare partners. As of December 31, 2012, five white labelled stores had been completed, including those for San Antonio Humane Society and Pennsylvania SPCA.

Total pet and pet owner registrants in the 24PetWatch database had surpassed 6.38-million as of December 31, 2012, an increase of 21% over the total as at December 31, 2011. The 24PetWatch database plays a key role in Pethealth's insurance and non-insurance businesses alike and is supported by a call centre that had an average of nearly 20,000 per month in 2012.

Inbound calls to the Company's non-insurance call centre totaled over 232,000 during the twelve months ended December 31, 2012. The Company recorded over 90,000 sales, up 20% over 2011, of identification tags, EmergencyCare policies and annual and lifetime memberships to the Company's lost pet recovery service, representing a 39% conversion rate of sales against inbound calls received.

"In 2012, our non-insurance business continued to lead the way for the Company," said Mark Warren, President and CEO of Pethealth. "We saw year on year growth in every quarter, which we believe is set to continue on the back of our broadening platform with animal welfare organizations in North America and our growing presence in the companion animal market in the United Kingdom."

The Company expects to release its full year 2012 financial results on or about March 8, 2013. Additionally, the Company will be releasing its PetPoint Report for December on Monday, January 21 together with its 2012 year-end release, providing more detailed information on pet intake and pet adoption data.

About Pethealth Inc.

Pethealth is North America's second largest provider of medical insurance for dogs and cats to pet owners, operating in the United States, Canada and the United Kingdom. In addition, the Company is the leading provider of management software to North American animal welfare organizations through its SaaS-based application and is the leading provider of pet related database management services to the North American companion animal industry. Pethealth offers a unique range of products and services for veterinarians, shelters and pet owners through a number of wholly owned subsidiaries using a range of brand names including PetCare, 24PetWatch, Pet Protect, Petpals Direct, PetPoint, Petango.com and ThePetangoStore.com.

Pethealth is based in Oakville, Ontario. To find out more about Pethealth, visit the web site at www.pethealthinc.com.

Contacts:
Pethealth Inc.
Mark Warren
President and Chief Executive Officer
(905) 842 2615

Pethealth Inc.
Glen Tennison
Chief Financial Officer
(905) 842 2615
www.pethealthinc.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
"We provide a web application framework for building really sophisticated web applications that run on a browser without any installation need so we get used for biotech, defense, and banking applications," noted Charles Kendrick, CTO and Chief Architect at Isomorphic Software, in this SYS-CON.tv interview at @DevOpsSummit (http://DevOpsSummit.SYS-CON.com), held June 9-11, 2015, at the Javits Center in New York
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
In the midst of the widespread popularity and adoption of cloud computing, it seems like everything is being offered “as a Service” these days: Infrastructure? Check. Platform? You bet. Software? Absolutely. Toaster? It’s only a matter of time. With service providers positioning vastly differing offerings under a generic “cloud” umbrella, it’s all too easy to get confused about what’s actually being offered. In his session at 16th Cloud Expo, Kevin Hazard, Director of Digital Content for SoftL...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes. In his session at DevOps Summit, Michael Demmer, VP of Engineering at Jut, will discuss how this can...
The last decade was about virtual machines, but the next one is about containers. Containers enable a service to run on any host at any time. Traditional tools are starting to show cracks because they were not designed for this level of application portability. Now is the time to look at new ways to deploy and manage applications at scale. In his session at @DevOpsSummit, Brian “Redbeard” Harrington, a principal architect at CoreOS, will examine how CoreOS helps teams run in production. Attende...
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
"A lot of the enterprises that have been using our systems for many years are reaching out to the cloud - the public cloud, the private cloud and hybrid," stated Reuven Harrison, CTO and Co-Founder of Tufin, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.