|By Marketwired .||
|January 7, 2013 07:32 PM EST||
SMITHTOWN, NY -- (Marketwire) -- 01/07/13 -- iGambit, Inc. (OTCQB: IGMB), a diversified technology development and holding company, announced that on December 31, 2012 it acquired the assets and business of igxGLOBAL, Inc. and igxGLOBAL UK Limited ("igxGLOBAL"). igxGLOBAL is an internationally recognized information technology services company with core competencies in IT network infrastructure and data security solutions.
The acquisition was structured as a stock and asset purchase for a combination of cash, notes and iGambit common stock. A portion of the purchase price will be escrowed based on the future performance of igxGLOBAL over a three-year period.
The new iGambit subsidiary will be known as IGXGLOBAL, Corp. and IGX EMEA, respectively. With world headquarters in Rocky Hill, Connecticut and European headquarters in Canterbury Kent, England, IGXGLOBAL provides best-of-breed information network and security integration products and services to enterprise customers of all sizes throughout North America and Europe. The largest industries served by IGXGLOBAL customers include major banks, financial securities companies, stock exchanges, insurance companies, hospital groups, and universities. The company is a value-added reseller of over twenty IT network and security products.
Thomas Duffy, the sole owner of igxGLOBAL prior to the sale, will continue to serve as President and CEO of IGXGLOBAL, Corp. Thomas stated, "We are delighted to become the keystone business of iGambit and believe by taking a leading role in this public company we can grow a very profitable and significant company in the IT segment of the industry. Our plan will be to seek growth both internally and by combining with other IT consulting companies that bring complementary products and services that support the business needs that our many customer relationships have shared with us."
John Salerno, Chairman and CEO of iGambit, said, "We have looked long and hard for technology companies that can benefit from ownership in the iGambit holding company model and that exhibit exceptional management and significant potential for growth. I am pleased to report that we have found a terrific opportunity for iGambit, igxGLOBAL and our stakeholders in this combination. We look forward to having a close and rewarding relationship with Tom Duffy and the igxGLOBAL team as they seek to continue on their mission of providing critical services and products in the expanding and dynamic IT infrastructure and security space, while creating value for all of our shareholders."
About iGambit, Inc: iGambit (OTCQB: IGMB) (www.igambit.com) is a fully reporting publicly-held company focused on the technology markets. The stock has not been listed for trading pending the acquisition of a substantial business of the size of igxGLOBAL. Prior to the acquisition of igxGLOBAL, iGambit had one operating subsidiary in the business of providing media technology services to the real estate industry. iGambit's focus is to grow its businesses and seek additional accretive technology companies that might benefit from public ownership. iGambit plans to assume an active role in the development and growth of igxGLOBAL, providing both strategic guidance and operational support.
About igxGLOBAL Inc.: igxGLOBAL (www.igxGLOBAL.com), now a subsidiary of iGambit, Inc., provides enterprise clients security and network infrastructure services and products. Working independently, or alongside key technology partners, igxGLOBAL brings a wealth of solutions experience to that help clients to develop, deploy and sustain an effective long term network and information security practice. igxGLOBAL delivers on these solutions by providing clients with the intelligence required to make informed decisions, the products that provide insight and enforcement, the expertise and operational support to ensure smooth integration and performance. igxGLOBAL is committed to helping its clients design, operate and assure their networks with greater flexibility, security, efficiency and scalability.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this document and elsewhere by iGambit are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to fluctuations in demand; changes to economic growth in the U.S. and the European economy U.S. and EU government policies and regulations, including, but not limited to those affecting the IT solutions industry. iGambit undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in iGambit, Inc.'s filings with the Securities and Exchange Commission.
ProActive Capital Group LLC
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
Aug. 27, 2015 10:00 PM EDT Reads: 343
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Aug. 27, 2015 06:15 PM EDT Reads: 379
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
Aug. 27, 2015 05:45 PM EDT Reads: 434
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Aug. 27, 2015 05:45 PM EDT
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
Aug. 27, 2015 04:15 PM EDT
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Aug. 27, 2015 02:45 PM EDT Reads: 376
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Aug. 27, 2015 02:30 PM EDT Reads: 300
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Aug. 27, 2015 02:15 PM EDT
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Aug. 27, 2015 02:15 PM EDT Reads: 507
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
Aug. 27, 2015 02:00 PM EDT Reads: 300
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Aug. 27, 2015 02:00 PM EDT Reads: 323
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
Aug. 27, 2015 01:00 PM EDT Reads: 162
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Aug. 27, 2015 01:00 PM EDT Reads: 282
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Aug. 27, 2015 11:30 AM EDT Reads: 386
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Aug. 27, 2015 11:30 AM EDT