|By Marketwired .||
|July 8, 2014 03:09 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/08/14 -- Diversinet Corp. ("Diversinet"), by Duff & Phelps Canada Restructuring Inc. (the "Liquidator"), in its capacity as the Court-appointed Liquidator of Diversinet, today announced that the Ontario Securities Commission, the Alberta Securities Commission and the British Columbia Securities Commission have issued a decision deeming Diversinet to have ceased being a reporting issuer under Canadian securities legislation, in accordance with Diversinet's previously announced application for such a decision. A copy of the decision is available on the website established by the Liquidator at www.duffandphelps.com/restructuringcases.
As a result of the decision, Diversinet is no longer required to comply with the continuous disclosure and similar provisions in Canadian securities legislation. However, Diversinet shareholders will still have access to relevant information relating to Diversinet as the Liquidator intends to continue to post information on the website referred to above, and shareholders are advised to check that website from time to time for updates. In addition to the obligations imposed upon the Liquidator pursuant to the Business Corporations Act (Ontario), the Liquidation Plan requires the Liquidator to report to Diversinet's shareholders at such times and intervals as the Liquidator may deem appropriate with respect to matters relating to Diversinet, its assets and such other matters as may be relevant to the Liquidation Plan. In this regard, the Liquidator provides the following update on the status of the Liquidation proceedings:
-- The Liquidator has completed its administration of the Court-approved claims procedure, the purpose of which was to solicit claims against Diversinet, its subsidiaries and its directors and officers. All claims have been resolved as at the date of this press release; -- Diversinet's assets under the Liquidator's administration are: (i) cash of approximately US$3.5 million, of which US$1.75 million is on deposit in an escrow account with Wells Fargo Bank, National Association in accordance with the provisions of a transaction with IMS Health Incorporated completed by Diversinet prior to the commencement of its Liquidation proceedings. The cash in the escrow account is expected to be released to the Liquidator in September, 2014; and (ii) accounts receivable of C$135,000; -- The Liquidator has filed an application for Clearance Certificates pursuant to the Income Tax Act (Canada) (the "Clearance Certificates"). The Liquidator will facilitate the final distribution to shareholders once the Clearance Certificates are obtained from Canada Revenue Agency ("CRA"). CRA's process for issuing Clearance Certificates is typically lengthy and, accordingly, the timing of a shareholder distribution is unknown at this time; and -- The Liquidator anticipates the quantum of the distribution to shareholders to meet or exceed the range provided by Diversinet in its press release dated September 13, 2013, being US$0.05 to US$0.065 per share.
Duff & Phelps Canada Restructuring Inc.
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Dec. 28, 2014 07:00 PM EST Reads: 1,919
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Dec. 28, 2014 07:00 PM EST Reads: 2,719
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 28, 2014 07:00 PM EST Reads: 2,133
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo – to be held June 9-11, 2015, at the Javits Center in New York City, NY – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo fl...
Dec. 28, 2014 06:45 PM EST Reads: 612
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will w...
Dec. 28, 2014 06:00 PM EST Reads: 2,055
The term culture has had a polarizing effect among DevOps supporters. Some propose that culture change is critical for success with DevOps, but are remiss to define culture. Some talk about a DevOps culture but then reference activities that could lead to culture change and there are those that talk about culture change as a set of behaviors that need to be adopted by those in IT. There is no question that businesses successful in adopting a DevOps mindset have seen departmental culture change, ...
Dec. 28, 2014 05:45 PM EST Reads: 1,809
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
Dec. 28, 2014 05:00 PM EST Reads: 2,310
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
Dec. 28, 2014 05:00 PM EST Reads: 2,293
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Dec. 28, 2014 04:00 PM EST Reads: 2,160
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
Dec. 28, 2014 03:30 PM EST Reads: 2,626
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrateg...
Dec. 28, 2014 03:00 PM EST Reads: 1,869
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
Dec. 28, 2014 03:00 PM EST Reads: 2,195
Dec. 28, 2014 02:00 PM EST Reads: 1,863
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
Dec. 28, 2014 12:30 PM EST Reads: 2,026
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 28, 2014 12:00 PM EST Reads: 2,957