SANTA CRUZ, Calif., Dec. 19, 2017 (GLOBE NEWSWIRE) -- AmbiCom Holdings, Inc. (OTCPS:ABHI), has shifted its focus to revenue based operations as it closes out 2017.
To that end, Ambicom has reestablished the DataArt support and development team that was instrumental in creating the Veloxum product line. This team is now working to complete the new integration with Kaseya VSA 9.5 along with updating the Veloxum cloud and on-premise based software. A dedicated development, test and runtime environment has been established with initial integration tests having been successfully run. This project is being funded by an equity line established with two, outside financial institutions.
AmbiCom has also restarted its New Jersey datacenter that was abandoned by both Ambicom and PC Drivers during their legal disputes of 2016 and 2017. This datacenter will be used for internal testing, beginning with the creation of whitepaper for the EPA's Energy Star Initiative for Servers, showing details of how Ambicom's Veloxum can assist large server deployments to meet the new EPA performance requirements. This site will also be used as a hot backup to the Ambicom cloud offering.
In addition, Ambicom has mounted its cloud runtime environment in VMWare's VCloud Air, with instances on both coasts of North America. These environments are fully scalable and capable of optimizing up to 20,000,000 end point each before replication.
AmbiCom CEO, Kevin Cornell, stated "We are excited to finalize our development group, which includes the individuals that have the knowledge base regarding the intricacies of the Veloxum application. As well, now that we have put the last pieces of our new infrastructure in place we are ready to handle the accelerated demand of cloud customers and Managed Service Providers in 2018. We are staffed and ready to experience significant growth in 2018."
A more detailed presentation will be will be uploaded to the Voosh LLC Youtube channel later this week.
About AmbiCom Holdings, Inc.
AmbiCom Holdings Inc., headquartered in Santa Cruz, California, searches out, acquires and/or invests in unique technologies that have the potential for wide adoption in large markets. AmbiCom looks for mature management teams that have a history of successfully converting new concepts into products.
Of particular interest are high margin products that have the ability to enhance user's experience while generating a positive return on investment.
We are acutely aware of our responsibility to the investors that have placed their trust in our abilities to effectively manage the assets of AmbiCom on their behalf.
For more information, visit www.AmbiCom.com.
About DataArt:
DataArt is a global technology consultancy that designs, develops and supports unique software solutions, helping clients take their businesses forward. Recognized for their deep domain expertise and superior technical talent, DataArt teams create new products and modernize complex legacy systems that affect technology transformation in select industries.
DataArt has earned the trust of some of the world's leading brands and most discerning clients, including Nasdaq, S&P, Travelport, Ocado, artnet, Betfair, and Apple Leisure Group among others. Organized as a global network of technology services firms, DataArt brings together expertise of over 2,500 professionals in 20 locations in the US, Europe, and Latin America.
Media Contacts:
U.S. & Americas :
Vica Miller
+1 (212)378-4108 x 4014
+44 (0) 2070-999464 x 4014
vica@dataart.com
UK & Europe:
Lief Anya Schneider
+44 (0) 7971 950 899
+44 (0) 2071 04 2213
lief@sbc.london
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Contacts
Paul McGee
AmbiCom Holdings, Inc.
(408) 757-0715