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Digitization of enterprises help drive the tech industry

FinancialBuzz.com News Commentary

NEW YORK, August 23, 2017 /PRNewswire/ -- According to a research report by Deloitte, opportunities for technology companies have broadened considerably. Adoption of various technological innovative products is key to competitive advantage for many companies. An example of the 'digitization of the enterprise', is the adoption of cloud computing. The use of cloud computing provides small-to-medium sized enterprises with sophisticated capabilities which previously were available only to huge corporations. Hot sectors within the technology industry include cybersecurity products, storage and bandwidth, advances in cognitive technologies, increasingly sophisticated data analytics, the Internet of Things and more. Atacama Resources International, Inc. (OTC: ACRL), FalconStor Software, Inc. (NASDAQ: FALC), WidePoint Corporation (NYSE: WYY), ChinaCache International Holdings Ltd. (NASDAQ: CCIH), Netlist, Inc. (NASDAQ: NLST).

The adoption of technology by enterprises is reflected on IT Spending. Worldwide IT spending is forecast to grow from $2.46 trillion in 2015 to over $2.8 trillion in 2019, according to the new Worldwide Semiannual IT Spending Guide: Industry and Company Size from International Data Corporation (IDC). North America will provide the largest share of global IT spending, and it is forecast to pass the $1 trillion mark in 2017. The fastest growing vertical industry over the forecast period will be healthcare, with a five-year CAGR of 5.5%. Stephen Minton, Vice President, Customer Insights and Analysis at IDC explained, "In many industries, business leaders will turn to IT solutions, including data analytics and infrastructure optimization, to help them navigate the stormy economic waters. For IT vendors, the need is greater than ever for a detailed approach to targeting pockets of growth and opportunity amidst this volatile economy."

Atacama Resources International, Inc. (OTCQB: ACRL) announced on August 14th, the results of the annual shareholders meeting held on August 11, 2017 in Edmonton, Alberta. Approximately 25 shareholders attended the meeting and enjoyed a meet and greet with the Atacama team. The Atacama board members and officers were introduced to the shareholders, and the latest information regarding the status of the company was presented. The COO presented a corporate overview, the CFO presented a financial review and the CEO presented a mining update. The recently released smartphone app, Good2Drive, was presented in detail, including the latest features and revenue projections through 2018. In addition, a new smartphone app scheduled for release in early 2018 called SeniorGuard was introduced with features and revenue objectives through 2018.

Additionally, the CEO announced at the meeting that Atacama Resources prepaid in cash in late July a convertible promissory note that was scheduled to be converted to ACRL shares in early August. By recent board action, the company policy will be, if at all possible, to prepay convertible notes prior to any conversion to ACRL shares. ACRL was not required to convert several million shares as the result of the prepayment."

FalconStor Software, Inc. (NASDAQ: FALC), an innovator of software-defined storage solutions, earlier this year announced that FreeStor, its flagship product, has won the SDS Innovation of the Year Award by DoStor, a leading Chinese storage portal which focuses on the enterprise storage market and is one of the most influential third-party storage media companies. Mr. John Yang, President of FalconStor Asia Pacific said, "FreeStor not only improves storage efficiency, eliminates downtime, reduces costs and simplifies management for enterprise data centers, but FreeStor also helps MSPs and CSPs innovate new business models, and accelerate cloud deployment."

WidePoint Corporation (NYSE: WYY) a leading provider of Managed Mobility Services specializing in Cybersecurity and Telecommunications Lifecycle Management solutions, announced on May 9th that it has acquired the assets of Probaris' Probaris ID Identity Management System software suite. Jeff Nyweide, Chief Executive Officer of WidePoint, said, "The acquisition of this established, industry-leading software enhances our proprietary identity management offerings, expands our customer reach, provides additional revenue opportunities, and brings in house current licensed software."

ChinaCache International Holdings Ltd. (NASDAQ: CCIH) is a leading total solutions provider of Internet content and application delivery services in China. ChinaCache is a carrier-neutral service provider; ChinaCache's network in China is interconnected with networks operated by all telecom carriers, major non-carriers and local Internetservice providers. On June 1st, the company announced that it has received the 'Content Delivery Network (CDN) Business Operating License' from the Ministry of Industry and Information Technology of the People's Republic of China. Mr. Song Wang, Chairman and CEO of CCIH commented, "We are pleased to receive the new CDN license that covers both the CDN and the IDC businesses and provides us with a distinct competitive advantage as we further deliver customized total solution services to our customers."

Netlist, Inc. (NASDAQ: NLST) is a leading provider of high-performance modular memory subsystems serving customers in diverse industries that require superior memory performance to empower critical business decisions. On August 2nd, the company announced its participation in the Flash Memory Summit at the Santa Clara Convention Center in Santa Clara, CA from August 8-10. Demonstrations showcasing the Company's HybriDIMMô, next-generation storage class memory solution that lowers cost and improves performance of big data analytics and in-memory computing, took place at Netlist's booth #809.

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