#Tech Sector Snapshot: #Software Solutions Companies See Ongoing Growth Beyond 2019 (OTCQB: $ADGO) (NASDAQ: $APPS) (TSXV: $OSS.V) (OTCQB: $OSSIF) (NASDAQ: $AEYE)

#Tech Sector Snapshot: #Software Solutions Companies See Ongoing Growth Beyond 2019 (OTCQB: $ADGO) (NASDAQ: $APPS) (TSXV: $OSS.V) (OTCQB: $OSSIF) (NASDAQ: $AEYE)

Point Roberts WA, Delta BC – June 4, 2019 - Investorideas.com, a leading investor news resource covering software solutions and technology stocks releases a sector snapshot focusing on the recent rise in business solutions software and what is driving this current trend.

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https://www.investorideas.com/news/2019/technology/06041SoftwareSolutions.asp

According to a new market research report ‘Fixed Asset Management Software Market’ published by MarketsandMarkets, “The global Fixed Asset Management Software Market size is expected to grow from USD 3 billion in 2019 to USD 5.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period.”

“Preventive maintenance and IoT technology to boost adoption of fixed asset management software, and growing need to reduce operational cost and proliferate profits through efficient management of assets are the major factors driving the growth of the Fixed Asset Management Software Market,” the report continued.

Advantego Corporation (OTCQB: ADGO), a business solutions provider that develops stand-alone digital delivery systems, electronic and enterprise software products to capitalize on niche opportunities within a specific market, recently announced the acquisition of the North American distribution rights for wireless audio and innovative electro-acoustic products from Aska Electronics Co., Ltd. of China.

"This acquisition has been in the works for several months and culminates the hard work management has put forth that should have a significant impact on revenues moving forward,” according to Advantego CEO, Robert W. (Rob) Ferguson.  “Combining Aska’s continuing annual sales increases with our ability to now expand the footprint presents an exciting time ahead for both of our firms,” he said.

Aska is a leading manufacturer of wireless audio and innovative electro-acoustic products that include proprietary noise cancellation technology and Bluetooth capability for headphones, earphones, waterproof sport earbuds, speakers and IoT devices.  The firm provides its products and services as an OEM (Original Equipment Manufacturer), an ODM (Original Design Manufacturer) and a JDM (Joint Design Manufacturer) for customers worldwide.

Advantego will provide additional North American product branding, sales and distribution services for Aksa's existing and new product introductions.  Aska will continue to service their existing customers and will provide research and development, product design and manufacturing services, along with private labeled products to Advantego and its customers.

As previously announced, in exchange for the distribution rights Aska will receive 700,000 shares of Advantego's preferred shares at $2 per share.  The preferred shares are convertible into shares of Advantego's common stock, under certain pricing and timing conditions.

Ferguson also pointed out: “The ability to add new cutting-edge technology within the broad range of ASKA’s already unique capabilities presents both a great opportunity and challenge for Advantego. To address both, we have expanded several relationships recently in anticipation of this to maximize the opportunities we now see in front of us and are looking forward to seeing the results of our new joint efforts beginning in the third quarter and throughout the rest of the year.”  

Digital Turbine, Inc. (NASDAQ: APPS), the #1 mobile platform connecting operators and OEMs with mobile advertisers, announced in early May that it is partnering with leading attribution and analytics companies to accelerate the expansion of SingleTap capabilities by leveraging the scale of existing integrations with application providers. Partners including AppsFlyer, Branch, Kochava, and Singular represent approximately 85% of the top global applications market.

Digital Turbine's SingleTap solution streamlines the app install process by enabling app delivery from any mobile ad in just one tap. SingleTap is currently enabled on more than 150M Android devices globally including nearly 50% of all Android smartphones in the US. SingleTap to date is delivering up to 200% lift in click-to-install conversion rates for advertisers and application providers.

"As the largest and most robust mobile measurement platform on the globe we are excited to integrate the AppsFlyer platform with Digital Turbine's SingleTap Installs solution," said Ben Roodman, Director of Partnerships at AppsFlyer. "We have already seen early success with a number of our application partners and are excited to expand SingleTap across many more apps."

"Improving the customer experience and more accurate attribution have always been the key values of Branch's platform," said Eric Stein, EVP and GM of Partnerships at Branch. "Our app partners can now receive even more value through frictionless app installs powered by Digital Turbine's SingleTap solution, driving their users from an ad directly to the right page of their app without going through the standard download process. Simply put, the power of SingleTap combined with the power of Branch is driving the world's best app experiences."

"We are extremely excited to work with AppsFlyer, Branch, Kochava, and Singular to deliver a better and simplified end-user experience. SingleTap delivers improved conversions for advertisers and creates new revenue streams for our Operator and OEM partners," said Bill Stone, CEO of Digital Turbine. "Our vision to expand SingleTap capabilities for any application a consumer wants to download, on any Android device, anywhere on the planet, is being accelerated through these strategic partnerships."

OneSoft Solutions Inc. (TSX-V: OSS) (OTCQB: OSSIF), a North American developer of cloud-based business solutions, recently announced its financial results for the first quarter of fiscal 2019 that ended March 31, 2019.

Some of the financial highlights included a revenue of $592,302 for the quarter ended March 31, 2019 more than doubled the $283,202 reported for the comparative period, the gross margin remained strong at 86% due to high margin software revenue and compared to 88% in the comparative period, as well as subsequent to the quarter, collection of a large account receivable and completion of the $9.2 million bought deal financing in April 2019 increased cash to approximately $12.7 million.

Management is optimistic that the Company is well positioned to successfully cross the “market adoption chasm” that disruptive new technologies typically experience in their quest to garner market share (refer to Company’s FYE February 28, 2018 MD&A, page 10 for further explanation).

“We believe that OneSoft’s “first mover” advantage in having developed and commercialized the first O&G pipeline integrity management solutions based on cloud computing, machine learning and data science is highly beneficial. Management will now accelerate the development of additional new technology and solutions that are accretive to CIM and will appeal to CIM clients and prospective customers. We believe our strategy to accelerate technology advancement, now feasible because of the capital raise completed in April 2019, will ultimately contribute to increased value for shareholders,” according the companies release.

AudioEye, Inc. (NASDAQ: AEYE), a leading provider of digital accessibility solutions that provide barrier-free website access for individuals with disabilities, also recently reported financial results for the first quarter ended March 31, 2019.

Some of the first quarter operational highlights included augmenting the existing management team through the appointment of 20-year Corporate Finance Executive and proven Business Leader, Sach Barot as new Chief Financial Officer, engaging former New York Governor David Paterson as key political advocate and business consultant for the AudioEye solution with the goal of addressing the significant increase in litigation related to digital accessibility, specifically in New York State and continued growth of direct sales channel client roster in the first quarter with prominent new customers from the technology, fashion, retail, hospitality and healthcare space among others.

Total revenues increased 73% to a record $1.99 million from $1.15 million in the same period a year-ago. The increase in revenues was primarily due to continued execution in direct channel as well as steady growth in the indirect channel and gross profit increased 93% to $1.08 million (54.5% of total revenues) from $562,000 (48.9% of total revenues) in the same year-ago period. The increase in gross profit and gross margin was primarily due to the increase in revenues previously described.

AudioEye Executive Chairman, Carr Bettis said, “The first quarter was a strong start to the year that has us in good position to continue ramping our growth efforts throughout the balance of 2019. Total revenues increased 73% to a record $1.99 million, which marks the thirteenth consecutive quarter that we’ve achieved record topline results. Looking ahead, we’re seeing even greater signs of growth and expansion. The past two months, April and March, have been the best months in the history of our company in terms of cash contract bookings. Thanks to our enhanced public relations and marketing efforts, we’ve been able to increase our pipeline substantially and will look to continue to accelerate this program going forward. We are continuing to strategically funnel financial resources and add key personnel into areas that will allow us to build on our market leading position and further establish AudioEye as the de-facto leader in digital.”

Increased revenue and continued growth supports the idea that this is a still a segment to watch in the tech sector as demand continues to reduce operational costs and proliferate profits through efficient management of assets.

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Sector Snapshot-Connected #Cars and the #Automotive Industry of the Future (TSXV: $SIM.V) (OTCQX: $SYATF) (NYSE: $BB) (NASDAQ: $TSLA) (TSX: $T.TO)

Sector Snapshot-Connected #Cars and the #Automotive Industry of the Future (TSXV: $SIM.V) (OTCQX: $SYATF) (NYSE: $BB) (NASDAQ: $TSLA) (TSX: $T.TO)

Point Roberts WA, Delta BC – June 4, 2019 - Investorideas.com, a leading investor news resource covering technology and automotive stocks releases a sector snapshot reporting on connected car technology and how it will play a leading role in automotive safety in the future.   

According to Adroit Market Research, “The global connected cars market was valued at $73.18 Billion USD in 2018. The global connected cars market is primarily driven by high adoption in the telematics segment. Along with that, factors that have reinforced the market include trend of connectivity solutions and an increase in the need for safety & security.”

Siyata Mobile Inc. (TSX-V:SIM) (OTCQX:SYATF), a leading provider of in-vehicle communication devices is evolving the conversation surrounding automotive safety having just announced the launch of its groundbreaking Uniden ® UV350 on the AT&T network and FirstNet platform.

Read this in full at https://www.investorideas.com/news/2019/auto/06041Stocks-Cars-AutomotiveIndustry.asp

FirstNet is being built with AT&T in a public-private partnership with the First Responder Network Authority (FirstNet Authority) – an independent agency within the federal government. It’s designed for first responders and those critical to their emergency response. With this much-needed technology upgrade, first responders can connect to the critical information they need every day and in every emergency.

The FirstNet Ready UV350 device supports FirstNet’s First Priority – which includes priority and preemption for first responders – and FirstNet’s Band 14 spectrum. The company’s UV350 is the only device specifically designated for in-vehicle communications that has been tested and certified to operate on FirstNet.

The Uniden® UV350 is built and designed to minimize the excessive clutter often found in the cabin of firetrucks, ambulances, yellow school buses and police squad cars by combining the functions of multiple devices into one. Using Push-to-Talk Over Cellular (PoC), drivers can communicate crystal-clear sound at the touch of a button, and unlike traditional cellular communication devices, the UV350 is powered by the vehicle battery, ensuring drivers are always connected in emergency situations.

Before being certified and approved for use on FirstNet, devices are subject to hundreds of tests that cover a number of aspects, from security and durability to network impacts. This helps make sure that they can meet the needs of first responders. All FirstNet Ready devices are listed at on the FirstNet device page.

“FirstNet devices and modules go through extensive review, so First Responders can be confident that Siyata’s UV350 meets the highest standards for reliability, security and performance,” said Bob Sloan, Chief Operating Officer, FirstNet program at AT&T. “The more tools public safety has access to on their network, the more we can help them achieve their mission. We are happy to be the first U.S. cellular carrier to launch Uniden’s NextGen Vehicle Communicator – an innovative in-vehicle mounted phablet. We believe it will be an excellent answer for both existing and newly migrating FirstNet subscribers seeking an in-vehicle communication device.”

A recent Frost and Sullivan report supports the Siyata Mobile Inc. strategy noting, "Connected car makers will be eager to build strategic partnerships with telecom providers and communication module makers to augment on-road safety and offer in-vehicle, data-rich services."

BlackBerry Limited (NYSE:BB) (TSX: BB), looking at connected cars and security says, “Cybersecurity is top of mind for automakers as their cars become more connected to the outside world. Today’s vehicles are computers on wheels—with over 100 million lines of software per car. This degree of connectivity allows bad actors to hack into cars and their software, with the potential to create havoc. The risk posed to automakers can be mitigated with a well-designed end-to-end security solution and alignment with security best practices.”

BlackBerry received $40 million in federal funding to help develop technologies that make cars safer, more connected to cyberspace and eventually, capable of driving themselves. Back in February the company announced that it had completed an Australian Information Security Registered Assessors Program (IRAP) assessment by an accredited IRAP auditor.  The assessment enables BlackBerry Cylance to obtain the IRAP certification. The company will be the first endpoint security provider to receive IRAP certification, allowing Australian government agencies to protect their environments with AI-driven security solutions.

Solutions certified under the IRAP program meet the expected Australian government security requirements, as defined by the attorney general's Protective Security Policy Framework (PSPF) and the Australian Government Information Security Manual (ISM). All federal government entities applying the ISM are restricted to using IRAP-compliant applications running on cloud services listed on the Certified Cloud Services List. 

"Federal agencies can now take advantage of AI-driven, prevention-first security solutions for the first time. With access to BlackBerry Cylance solutions, government and commercial entities can drive a prevention-first strategic approach to cyber, without the friction and complexity that occurs with many other security controls today," said Jason Duerden, country manager for Australia and New Zealand at BlackBerry Cylance. "With this assessment and certification, BlackBerry Cylance is now in a position to proactively secure Australia's most important federal assets, offer the outcome of a safer Australia in which to live and do business, and in turn further our mission to protect every endpoint under the sun."

U.S. electric car maker Tesla Inc. (NASDAQ: TSLA), predicted in 2016 to become the ultimate ‘Connected Car, set the benchmark for what the connected car could be with the launch of the Model S.

According to a report from  CNBC in early May this year, citing a Citibank and Goldman Sachs hosted  “broad investor call” with Tesla executives, “Musk confidently told investors  that autonomous driving will transform Tesla into a company with a $500 billion market cap. Its current market cap stands around $42 billion. He also said that existing Tesla’s will increase in value as self-driving capabilities are added via software, and will be worth up to $250,000 within three years.”

Continued: “He (Musk) said that even though Tesla drivers need to keep hands on the wheel today, that will become less necessary over time. Musk said that competitors such as GM’s Cruise and Alphabet’s Waymo can’t catch up because Tesla has a fleet of connected cars on the road today, and a proprietary chip.”

Mobility technology company, Magna International Inc. (TSX: MG), can lay claim to an industry first in connected car technology applications. In 2017, Magna, 3M and the Michigan Department of Transportation started testing vehicle-to-infrastructure connectivity in real-world situations, such as highway work zones and county roads.

According to Magna, the collaboration began with the launch of the nation’s first vehicle-to-infrastructure connected work zone, which was built along a three-mile section of I-75 in Oakland County, Michigan.

“The ability for vehicles to communicate with other vehicles and the infrastructure ‘shows great promise in helping to avoid crashes, ease traffic and improve the environment’, says the US Department of Transportation.”

At CES earlier this year, Bosch and Mojio, the leading platform for connected cars, announced a jointly developed, IoT integrated emergency response solution. The new offering adds crash detection and emergency call (eCall) response to an existing connected car solution from Mojio. Through the simple combination of a plug-and-play device for the vehicle’s OBD-II port and a mobile app, nearly a million consumers in North America and Europe have already upgraded their cars with Mojio’s white-label connected car solutions. These connected car offerings are deployed by Mojio’s portfolio of mobile network operator customers, including Deutsche Telekom, T-Mobile US and Telus (TSX: T) (NYSE: TU).

Telus is pushing its Connected Car Drive + technology saying, “From a few vehicles to a full scale fleet, the TELUS Connected Vehicle portfolio empowers business owners to efficiently & safely manage their vehicles. “

“With more than a billion unconnected cars still on the road today, industry collaboration is critical to accelerate the deployment of connected mobility services across the globe,” said Kenny Hawk, CEO, Mojio. “Together with Bosch, we’re addressing the key barriers that automakers face in building profitable connected mobility services - in turn, helping OEMs shift their focus towards the rapidly-evolving expectations of the global driving community.”

‘With more than a billion unconnected cars still on the road today’, this clearly shows the massive potential future of this industry, and analysts say that Connected Car tech is the most significant trend in the automotive sector in the last 50 years.  

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Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends  from Investorideas.com with our news alerts, articles, podcasts and videos talking about cannabis, crypto, technology including AI and IoT, mining, sports biotech, water, renewable energy and more. Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

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The #AIEye: VSBLTY (CSE: $VSBY.C) ( $VSBGF) Joins CIC to Develop Access Control and Security Solutions, Virtusa (NasdaqGS: $VRTU) and Hitachi Form Partnership to Advance #AI in Financial Services

The #AIEye: VSBLTY (CSE: $VSBY.C) ( $VSBGF) Joins CIC to Develop Access Control and Security Solutions, Virtusa (NasdaqGS: $VRTU) and Hitachi Form Partnership to Advance #AI in Financial Services

Global Deep Learning Market to Hit $17.4 Billion by 2023

Point Roberts WA , Vancouver BC – June 3, 2019  – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-  watching stock news, deal tracker and advancements in artificial intelligence.

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https://www.investorideas.com/Audio/Podcasts/2019/060319-AI-Eye.mp3

Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/06031AIEye-VSBY-VRTU.asp

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (CSE:VSBY) (5VS.F) (VSBGF) (NasdaqGS:VRTU) (TYO:6501)

VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (VSBGF) and tech company CIC Technologies have jointly announced a cross-licensing agreement that will see them co-develop access control and security solutions. CIC CEO Sean Ryan explained:

“In order to anticipate cyber and physical attacks there increasingly must be a reliance on innovative technologies. We are excited to work with VSBLTY and its state-of-the-art software that provides facial recognition, analytics and weapon detection that, combined with our own biometric, and access control solutions, will take layered security to new and heightened levels for corporations, governments, transportation centers, entertainment and sports venues and schools.”

VSBLTY Co-founder and CEO Jay Hutton commented:

“The combination of CIC’s unique concealed weapons detection technology and the VSBLTY optical weapons detection provides a comprehensive weapons detection capacity to allow accurate detection and early warning. That is why we are confident that this partnership will result in immediate contract wins and revenue to VSBLTY.”

Virtusa Corporation (NasdaqGS:VRTU) and Hitachi, Ltd. (TYO:6501) have announced a partnership with the aim of advancing the adoption of AI in financial services. The two companies have started a joint team in Silicon Valley where they will leverage Hitachi’s tech and R&D with Virtusa’s financial services and digital engineering expertise. Kris Canekeratne, chairman and CEO, Virtusa, said:

“AI is an imperative for our clients to gain a competitive advantage. Financial services organizations have a significant opportunity to leverage and deploy AI to gain significant competitive advantages. With this partnership and through our deep digital capabilities we can help more clients benefit from AI faster.”

Global Deep Learning Market to Hit $17.4 Billion by 2023

A report from Market Research Future finds that the global deep learning market will grow to $17.4 billion by 2023 with a compound annual growth rate (CAGR) of 30.84 percent in the forecast period. An excerpt from the report description reads:

Global deep learning market is expected to witness substantial growth during the forecast period. North America is estimated to be a prominent region for deep learning market due to the presence of key market players, heavily investing in the research and development of deep learning software, platforms, applications, and systems across the US, Canada, and Mexico. Similarly, increasing demand for deep learning technology for natural language processing and voice/speech recognition in the European financial service industry is projected to drive the deep learning market in the coming years. Asia-Pacific held the second largest market share in deep learning in 2017.

Sam Mowers, Investorideas.com

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

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