|By Marketwired .||
|April 28, 2014 08:40 AM EDT||
MIAMI, FL -- (Marketwired) -- 04/28/14 -- Intelligent Living Inc. (OTCQB: ILIV) stated today that it created a new subsidiary company called Provectus and, in doing so, has merged the assets of both Venturian Group of Miami and Perfect Solutions of Northfield, NJ into the subsidiary to create a robust, full service Managed IT and Private Cloud services company with current revenues of $2.2 million. This new subsidiary will bring revenue and operational efficiency to Intelligent Living, which will be demonstrated on the balance sheet over the next few years.
Intelligent Living Inc. Chief Strategy Officer Josh Eikov said, "We made the decision to become an infrastructure company to both the medical and marijuana industries which are completely burgeoning markets that represent a global opportunity approaching $60 billion by the end of the decade. In our market research we realized that someone needed to build the roads, bridges and tunnels for all of this business activity to be conducted on and so, the birth of Provectus: Managed IT and Cloud Services."
Provectus, which is Latin for Advanced, offers IT Managed Care to small, medium and enterprise level clients throughout the United States, Canada and the Caribbean. The company will focus on healthcare and related practices but will offer its products and services to the business community at large. The enterprise group will be known as Venturian Management and will handle all clients with revenues in excess of $10 million or 500 users, whereas the small business group will be known as Perfect Solutions and will handle all clients $10 million and under. Once the integration of both companies is complete, Provectus will service over 200 clients with average annual contract sizes of $10,000 per client.
Allen Firouz, CEO of Venturian and new CTO of Provectus, said, "We are very excited to join with Perfect Solutions and become Provectus as part of the Intelligent Living family where we will continue to deliver customer focused, managed IT and technology solutions that position the new entity as a market leader. Our new team members in NJ are very talented IT professionals and we are looking forward to getting acclimated and integrated with them in Provectus. Together, we now offer end-to-end IT solutions for a myriad of industries, inclusive of medicine, and coverage throughout the entire United States.
Venturian is one of the leading providers of IT solutions architecture and private cloud computing in the Southeast. Being of the customer-centric business school of thought, the founders of Venturian, in building the organization, focused on the basic principles of taking the fear out of IT and making IT business needs available to any business, regardless of size and capitalization. With more than two decades of experience, they work hand-in-hand with companies of every size to achieve unsurpassed results in every aspect of their IT initiatives. Venturian, with a strong focus on high availability, scalability and security, delivers tailored private cloud solutions to meet their clients demanding business environment needs.
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."
"With Intelligent Living's vision and portfolio of internet and mobile assets, ILIV is now in an advantageous position as one of the few companies in business today with multiple streams of revenue and diverse efficiency opportunities under one global organization. Adding both IT acquisitions to our new Provectus subsidiary will help enable more robust and competitive product offerings and solutions going forward while expanding our market presence within the eHealth and Wellness markets. We are very positive on revenue growth and profitability system wide," Victoria Rudman, CEO of Intelligent Living Inc. said.
Headquartered in Northfield, New Jersey, Perfect Solutions provides services to a wide variety of industries throughout the U.S., including financial, legal, medical, non-profit, real estate, advertising, and many more. Their unsurpassed commitment to quality and client satisfaction has earned them a high client retention rate and a year-over-year annual growth rate averaging 50% since their inception. Perfect Solutions participates in the top 20 markets in the Northeast and has built a solid reputation as a trusted business advisor.
"This acquisition significantly expands our presence in the global marketplace. More importantly, it expands our service network, allowing us to offer service solutions to clients operating in geographies where we had no reach. They can now look at us as a single source solution for management, cloud services and data provisioning amongst other things. We are excited about the possibilities of Provectus and working with Allen and his team, as well as Josh and his team at Intelligent Living," said Stephen Vogt, CEO of Perfect Solutions and new President of the Intelligent Living subsidiary, Provectus.
ILIV and Provectus also announced today that Josh Eikov, Chief Strategy Officer of Intelligent Living, was named Chief Executive of the newly formed subsidiary.
"Provectus, now in place, acts as the technology base for all of Intelligent Living's activities. In following our roadmap and with the majority of ILIV's businesses being either eCommerce or web\software based, the addition of hosting and management is a natural choice. With two offices that give coverage to over 20 major metropolitan areas on the East Coast and expansion planned to the West Coast, we have giant opportunity to become one of the dominant players in the IT infrastructure and cloud management industry. I am most enthusiastic to be working side by side with such world-class managers and teams like the ones we have acquired in teams Perfect Solutions and Venturian. With the merger of these two superb IT teams and a starting base of $2.2M in current revenue, Intelligent Living, through the Provectus subsidiary, now has the very real capacity necessary to build something very meaningful. Intelligent Living, designed as a company that produces platform businesses, is now ready to create the platforms of the future," Josh Eikov, Chief Strategy Officer of Intelligent Living and CEO of Provectus LLC said.
About Intelligent Living Inc.:
Intelligent Living Inc., based in Florida, is a health and wellness holding company that specializes in the acquisition and integration of Internet and web technologies, hosting and cloud based infrastructure services, eCommerce, and nutraceutical based products. We provide nutraceutical products, wellness products and services, and create mobile and digital health apps, cognitive exercise and brain games as well as platforms for emerging demand markets and other value creation opportunities all relating to our core values. Some of our brands include: MIND360, DRLARRYDIRECT, SOCIAL420 and Provectus IT.
The mission of Intelligent Living is to build the Digital Health and Wellness Company of the 21st Century. Within this mission we consider mind, body, soul and a person's digital life to be all connected in our value chain and offer products and services that will take care of the whole mind/body ecosystem and thereby improve a person's quality and function of daily living over a span of many years.
More information about Intelligent Living Inc. 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.
E Relations Group
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
Jul. 29, 2016 11:46 AM EDT
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
Jul. 29, 2016 11:30 AM EDT Reads: 1,214
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Jul. 29, 2016 11:15 AM EDT Reads: 1,330
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Jul. 29, 2016 11:15 AM EDT Reads: 665
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Jul. 29, 2016 11:00 AM EDT Reads: 418
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Jul. 29, 2016 11:00 AM EDT Reads: 490
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Jul. 29, 2016 11:00 AM EDT Reads: 505
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
Jul. 29, 2016 11:00 AM EDT Reads: 778
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Jul. 29, 2016 10:53 AM EDT Reads: 228
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Jul. 29, 2016 10:45 AM EDT Reads: 486
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Jul. 29, 2016 09:45 AM EDT Reads: 1,027
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Jul. 29, 2016 09:45 AM EDT Reads: 1,462
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jul. 29, 2016 09:45 AM EDT Reads: 2,126
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, will provide economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session will also include a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
Jul. 29, 2016 09:07 AM EDT Reads: 290
Security, data privacy, reliability, and regulatory compliance are critical factors when evaluating whether to move business applications from in-house, client-hosted environments to a cloud platform. Quality assurance plays a vital role in ensuring that the appropriate level of risk assessment, verification, and validation takes place to ensure business continuity during the migration to a new cloud platform.
Jul. 29, 2016 08:00 AM EDT Reads: 455