Posts Tagged ‘Software’

New York’s Infor says reaches deal to resell software in Cuba

April 22nd, 2015

New York City-based software company Infor has identified a Cuban partner and reached an agreement to resell software in Cuba, Chief Executive Officer Charles Phillips said on Tuesday.

Phillips announced the deal at the conclusion of a two-day trade mission to Cuba led by New York Governor Andrew Cuomo.

Source:http://www.reuters.com/article/2015/04/21/us-cuba-usa-cuomo-infor-global-idUSKBN0NC25D20150421

Hollywood Software Acquires DigiCine

April 22nd, 2015

Purchase combines movie software and technology companies to create “future-proof” theater playback systems

Hollywood Software has acquired cinema technology firm Digital Cinema Systems, Inc. (DigiCine), the companies announced on Tuesday. The purchase gives the software company access to DigiCine’s FilmStore motion picture playback system and all of its patents to develop integrated theater management systems for venues of varying sizes.

“The industry is moving into the next stage of digital cinema now that virtual print fees are ending and equipment from the first installations is reaching end-of-life,” David Gajda, Executive Chairman, Hollywood Software, said. “After working with DigiCine for two years and most recently having fully integrated FilmStore with our TMS, this acquisition leaves Hollywood Software poised to present exhibitors with the most flexible, low-cost options for new Series II installations and Series I migrations.”

The deal is expected to give Hollywood Software the capability to offer theaters multiple management system configurations at different price points that bridge legacy technologies with the latest theater playback installations.

“Historically, when you have a Series I projector and your Series I server failed, the answer was to purchase another Series I server, which has serious cost and functional implications,” Larry McCourt, SVP Sales and Marketing, Hollywood Software, explained.

The company’s FilmStore theater management system allows for a more “future-proof” option, McCourt continued. “We are excited to be able to help move the industry forward at an affordable price point.”

Hollywood Software was spun off by Cinedigm in September of last year to an investment group led by Gajda, one of the company’s founders, in order to head off potential conflicts such as deals like the one announced today. The terms of the Hollywood Software-DigiCine sale were not disclosed.

Source:http://www.thewrap.com/hollywood-software-acquires-digicine/

Railway freight scam: CBI suspects manipulation in software in weigh bridges

April 22nd, 2015

In its probe in railways freight scam, CBI has recovered images of 65 hard disks from the Electronic In-Motion Weigh Bridge (EIMWBs) locations, which were allegedly manipulated to under-weigh the freight canons, thereby benefitting private companies.

These images have been sent for forensic examination to ascertain whether manipulation was done in the software by vendors, freight carriers and railway officials.

CBI sources said the agency is examining several documents recovered during searches and from railway officers in different states.

The six vendors involved in the weighing process are – ESSACE Digitronics Pvt Ltd, Digital Weighing Systems Pvt Ltd, Rice Lake Weighing Systems India Ltd, ScheckProcess India Ltd, R R Engineers and Consultation, Sanmar Weiging Systems Ltd and Sean Logistics.

According to some estimates based on the probe so far, the scam could be running into more than Rs 4200 crore. The weight of railway freight was shown less despite overloading which benefitted the private companies and vendors.

CBI has alleged that preliminary investigations have revealed manipulations in the software of static and in-motion weigh bridges that are used by railways for weighment purposes. Electronic In-Motion Weigh Bridge (EIMWBs) have been developed by Indian Railways in consultation with Research Development and Standards Organization (RDSO). Around 200 such bridges have been installed at different locations throughout India to weigh freight in transit. Goods trains passing at the speed of 15 km per hour get automatically weighed by this system.

Sources said the system at several places was manipulated in such a manner that over loading of the wagon is concealed and weight is shown within the permissible limit. CBI suspects that highly sophisticated methods have been used to manipulate the software.

“The manipulation has been done through collusion among railway officials, private vendors and freight operators and is not only causing huge financial loss to the exchequer but also corresponding gain to private freight operators/private persons. It is damaging railway tracks, wagons and is affecting railway safety,” said a CBI officer.

CBI had conducted surprise checks in Delhi, Mumbai, Kolkata, Chennai, UP, Punjab, Jharkhand, Assam, West Bengal, Odisha, Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, Kerala, Chhattisgarh, MP, Maharashtra, Goa, Rajasthan and Gujarat.

Source:http://timesofindia.indiatimes.com/india/Railway-freight-scam-CBI-suspects-manipulation-in-software-in-weigh-bridges/articleshow/47008089.cms

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