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
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
DevOps is not just last year’s buzzword. Companies with DevOps practices are 2.5x more likely to exceed profitability, market share, and productivity goals. But how do you enable high performance? What can you do right now to start? Find out from DevOps experts including Gene Kim, co-author of "The Phoenix Project," and the Dynatrace Center of Excellence.
SYS-CON Events announced today that Column Technologies will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principal...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...