Welcome!

News Feed Item

ILIV Acquires Assets Of IT And Cloud Provider Venturian Group And Establishes New Subsidiary To Penetrate $6 Billion Dollar Market

ILIV begins its 21st Century Transformation by purchasing Miami based Cloud Computing Company

MIAMI, Jan. 8, 2014 /PRNewswire/ -- Intelligent Living Inc. (OTCQB: ILIV) has signed a Letter of Intent (LOI) to acquire the assets of Venturian Group, Inc., an enterprise Cloud and IT Solutions Architecture Company. This strategic acquisition enables ILIV to continue its transformation into a 21st Century Health and Wellness Company.

"The future of Intelligent Living is being built on a connected platform that we call our Core Operating Areas or COA for short," explained Intelligent Living's Chief Executive Officer Victoria Rudman. "Venturian is the first of a few opportunities in the cloud and IT space that we have and will pursue. We have a broader plan to become an independent global technology company that can integrate our various offerings for our clients through our portfolio of services and technologies. We are all very excited about the synergies this deal brings to Intelligent Living and its immediate accretive earnings effect."

Miami-based Venturian Group, Inc. provides enterprise-class Private and Hybrid Cloud environments for mid-sized and large companies, managed IT services, and IT Consulting. The mainstay of the Venturian product line is a single, secure, highly available, policy-driven and managed integrated control point for governance, compliance and operations across Cloud systems and applications, empowering companies to focus on their business instead of their IT needs. Venturian counts among its customers some of the world's most prestigious enterprises in financial services, healthcare and other highly regulated industries.

Cloud computing offers significant benefits to the healthcare sector; Doctor's clinics, hospitals, and health clinics require quick access to computing and large storage facilities which are not provided in the traditional settings, moreover healthcare data needs to be shared across various settings and geographies which further burdens the healthcare provider and the patient causing significant delay in treatment and loss of time. Cloud caters to all these requirements thus providing the healthcare organizations an incredible opportunity to improve services to their customers, the patients, to share information more easily than ever before, and improve operational efficiency at the same time. The flip side of this advantage is that healthcare data has specific requirements such as security, confidentiality, availability to authorized users, traceability of access, reversibility of data, and long-term preservation. ILIV and Venturian are taking the steps needed to account for all these while conforming to regulations such as HIPAA and Meaningful use.

According to a new market report published by Transparency Market Research "Cloud Computing Market In Healthcare Industry (IaaS, SaaS, PaaS, CIS, NCIS, PACS, EMR, RIS) – Global Industry Analysis, Size, Share, Trends and Forecast, 2012 – 2018" the global cloud computing market in the healthcare industry was valued at USD 1.82 billion in 2011 and is expected to reach USD 6.79 billion by 2018, growing at a CAGR of 21.3% from 2012 to 2018.

"As an agent for Cloud management, Venturian is right at the point of consumerization for next-generation enterprise applications," noted ILIV Chief Strategy Officer Josh Eikov. "The combination of Intelligent Living and Venturian will empower an ecosystem of enterprise-level capabilities with a full set of tools to empower healthcare practices by lowering their friction points and to execute a single Cloud strategy while maintaining central governance, policy and administration in a single contact point and also providing ILIV a way to internally scale its operations and become technology independent."

In the past few months under new leadership, Intelligent Living has undertaken a significant strategic transformation to position itself for the high-growth segments of the technology solutions and services marketplace, including mobile and gaming, wellness and health based ecommerce, and now Cloud Computing, Big Data, cybersecurity and next-generation applications. This transformation has been enabled by several acquisitions of next-generation technologies, including brain games platform MIND360 and nutrafoods platform Health and Beyond, and by building partnerships with industry leaders that can deliver applications and games to ILIV customers, including an alliance agreement signed in October with Monster Arts Inc. (APPZ).

"Enterprise consumption habits, especially within the healthcare arena, have changed.  Customers today want to move to a new IT model in which they can operate at a lower cost structure, eliminate CapEx, improve service and gain more ROI out of their work environments." said Venturian's Chief Executive Officer Allen Firouz. "Bringing Intelligent Living and Venturian together makes logical sense and positions the new organization for a true leadership role in transformation of IT."

The assets of Venturian Group, Inc. will be absorbed into a newly established subsidiary of Intelligent Living called Venturian Technologies Inc. with the current management of Venturian taking on the same roles within the new company.  Venturian Technologies will continue its mission of providing Private Cloud and Solutions Architecture services to its current and new customers, while playing a critical role in the technology endeavors of ILIV.  Allen Firouz and Lauren Fox will also be named as VP's of Intelligent Living Inc., becoming a critical part of the executive team.

The companies expect to close the transaction on March 31, 2014, subject to customary closing conditions. The exact terms were not disclosed at this time.

About Intelligent Living Inc.
Intelligent Living Inc. operates as a development stage company focused on the ever-expanding eHealth and eCommerce markets. Its segments include exercise, nutrition, supplements, mental acuity testing and training, through our newly acquired subsidiaries MIND360 Studios, and Health and Beyond. The Company, based in Florida, is a health and wellness company engaged in the development of software and technology to aid in age management and cognitive health. The mission of Intelligent Living is to improve a person's quality and function of daily living over a span of many years.

More information about Intelligent Living can be found on the Company's website located at http://www.intelligentlivinginc.com

Forward Looking Statements
This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and as such, may involve risks and uncertainties. Intelligent Living Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.

Contact:

Gabriel Rodriguez
E Relations Group
888-261-6537

SOURCE Intelligent Living Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that’s no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, will explore how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He wi...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, will discuss th...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically ab...
As more and more companies are making the shift from on-premises to public cloud, the standard approach to DevOps is evolving. From encryption, compliance and regulations like GDPR, security in the cloud has become a hot topic. Many DevOps-focused companies have hired dedicated staff to fulfill these requirements, often creating further siloes, complexity and cost. This session aims to highlight existing DevOps cultural approaches, tooling and how security can be wrapped in every facet of the bu...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
yperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let’s say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it....
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platform...