Briefs: Plasmon reassures customers; CSR into GPS, PureSpeech; ARKeX expands into South America
Digital archive specialists Plasmon plc reassured customers ‘and partners' that the recent takeover approach was very important and ‘positive'.
President and CEO Steven Murphy said in a statement the market for archiving is changing and Plasmon has identified what it must do to adapt to exploit the forecast for double digit archive market growth.
"We have committed to re-inventing our company to meet the needs of the new enterprise archiving market opportunity. Archiving is now being deployed by organizations as a strategic component of enterprise storage infrastructure by IT, rather than as a feature of departmental content management applications. The requirements for enterprise archiving include both long-term storage on durable, removable media - our traditional forte -- as well as rapid access to archive data online with high availability and disaster recovery," he said.
"While our new products have demonstrated impressive pipeline growth, we did not achieve the increase in revenues necessary to support the organic development of our strategic plan. In early August 2008, we announced that we remain committed to our strategy and would vigorously pursue external financing opportunities. Plasmon was recently approached by a private equity firm to provide the significant new investment we require to fully execute on our plans. This approach may or may not lead to an offer to acquire all existing publicly traded shares."
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CSR, market leader in providing wireless technologies, and Rx Networks Inc, a private mobile positioning technology and global services company, announced a GPS solution that combines their respective eGPS and GPStream technologies. The joint solution combines GPS fine time and frequency aiding with synthetic assistance to yield mobile positioning performance that exceeds standard Assisted-GPS in unsynchronized GSM and W-CDMA networks or in synchronized CDMA networks.
SRS Labs Inc and CSR said they have entered an engineering and marketing partnership to create PureSpeech, new Bluetooth software that improves audio clarity of mono headsets. PureSpeech combines SRS Labs' VIP+ software, which improves audio quality at the near end, with CSR's Clear Voice Capture noise reduction software, which improves audio quality at the far end. PureSpeech will be available from Q1 2009 as an option on CSR's DSP-based BlueCore Multimedia Bluetooth silicon.
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ARKeX, a specialist in geophysical imaging technology, is expanding into Latin America with the hiring of Guillermo García as Business Development Manager.
Mr García will be responsible for business development throughout the Americas. This is an area where ARKeX sees big potential for its BlueQube surveying technology. The high resolution dataset will enable an entirely new range of challenging geological settings to be imaged in unprecedented clarity.
Mr García joins ARKeX from Halliburton and has more than 10 years of operations management experience in the oil and gas industry and three years in scientific research on geological and geophysical interpretation and data analysis.
