Page All:
Page 1
RiT to Provide its IIM Solution for Datacenter Management to Global Financial Institution
RiT to Deploy Projects Totaling Over One Million Dollars in EMEA and US
TEL AVIV, Israel, June 30, 2011/PRNewswire-FirstCall/ --
RiT Technologies (NASDAQ: RITT), the world-leading provider of
intelligent infrastructure solutions, today announced that it has received
several major new orders from one of its largest customers, a top-tier
diversified financial services company. The orders, which total over one
million dollars, are for the expansion of the PatchView? intelligent
infrastructure management (IIM) systems currently deployed in the client's
international headquarters and central datacenters.
This global account has been a satisfied RiT customer for many years,
and credits RiT's PatchView(TM) with having helped it maximize network
continuity, minimize ongoing maintenance costs, enforce physical layer
security and simplify infrastructure planning. The projects will include the
implementation of IIM systems in new datacenter and people workspace
facilities in branch offices, and the integration of the RiT solution
throughout the organization with the customer's internal systems.
"We are proud of the relationship we have built with this prestigious
customer, who became one of the industry's earliest adopters of our
PatchView IIM, and quickly came to rely on it as a strategic infrastructure
management tool," said Eran Ayzik, RiT's President and CEO. "Over the years,
our deployments in the customer's mission-critical headquarters and
datacenter networks have proved PatchView's ability to streamline complex
infrastructure operations and to slash the time required to deploy
large-scale projects. In addition, we have differentiated ourselves
consistently through our ability to support the customer through all the
stages of the project with tailor-made and customized solutions."
Mr. Ayzik continued, "Now that the IIM concept is gaining mainstream
acceptance from additional top-tier enterprises, we are benefiting from our
extensive track record with this and other satisfied customers worldwide. We
believe this will help us secure additional large-scale customers, and
hopefully to form relationships that translate into multi-year streams of
ongoing revenues."
About RiT Technologies
RiT is a leading provider of intelligent solutions for infrastructure
management, asset management, environment and security, and network
utilization. RiT Enterprise solutions address datacenters, communication
rooms and workspace environments, ensuring maximum utilization, reliability,
decreased downtime, physical security, automated deployment, asset tracking,
and troubleshooting. RiT Carrier solutions provide carriers with the full
array of network mapping, testing and bandwidth qualification capabilities
needed for access network installation and service provisioning. RiT's
field-tested solutions are delivering value in thousands of installations
for top-tier enterprises and operators throughout the world.
For more information, please visit our website: http://www.rittech.com
Safe Harbor Statement
In this press release, all statements that are not purely about
historical facts, including, but not limited to, those in which we use the
words "believe,""anticipate,""expect,""plan,""intend,""estimate",
"forecast", "target", "could" and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. For example, when we discuss a field trial which could lead to
a multi-million dollar Carrier deal, we are using a forward looking
statement. While these forward-looking statements represent our current
judgment of what may happen in the future, actual results may differ
materially from the results expressed or implied by these statements due to
numerous important factors, including, but not limited to, those described
under the heading "Risk Factors" in our most recent Annual Report filed with
the Securities and Exchange Commission (SEC) on Form 20-F, which may be
revised or supplemented in subsequent reports filed with the SEC. These
factors include, but are not limited to, the following: our ability to raise
additional financing, if required; the continued development of market
trends in directions that benefit our sales; our ability to maintain and
grow our revenues; our dependence upon independent distributors,
representatives and strategic partners; our ability to develop new products
and enhance our existing products; the availability of third-party
components used in our products; the economic condition of our customers;
the impact of government regulation; and the economic and political
situation in Israel. We are under no obligation, and expressly disclaim any
obligation, to update the forward-looking statements in this press release,
whether as a result of new information, future events or otherwise.
Company Contact:
Moti Antebi
CFO
+972-3-766-4249
motia@rit.co.il [benc@rit.co.il ]
Source: RiT Technologies Ltd
.
RiT to Provide its IIM Solution for Datacenter Management to Global Financial Institution
RiT to Deploy Projects Totaling Over One Million Dollars in EMEA and US
TEL AVIV, Israel, June 30, 2011/PRNewswire-FirstCall/ --
RiT Technologies (NASDAQ: RITT), the world-leading provider of
intelligent infrastructure solutions, today announced that it has received
several major new orders from one of its largest customers, a top-tier
diversified financial services company. The orders, which total over one
million dollars, are for the expansion of the PatchView? intelligent
infrastructure management (IIM) systems currently deployed in the client's
international headquarters and central datacenters.
This global account has been a satisfied RiT customer for many years,
and credits RiT's PatchView(TM) with having helped it maximize network
continuity, minimize ongoing maintenance costs, enforce physical layer
security and simplify infrastructure planning. The projects will include the
implementation of IIM systems in new datacenter and people workspace
facilities in branch offices, and the integration of the RiT solution
throughout the organization with the customer's internal systems.
"We are proud of the relationship we have built with this prestigious
customer, who became one of the industry's earliest adopters of our
PatchView IIM, and quickly came to rely on it as a strategic infrastructure
management tool," said Eran Ayzik, RiT's President and CEO. "Over the years,
our deployments in the customer's mission-critical headquarters and
datacenter networks have proved PatchView's ability to streamline complex
infrastructure operations and to slash the time required to deploy
large-scale projects. In addition, we have differentiated ourselves
consistently through our ability to support the customer through all the
stages of the project with tailor-made and customized solutions."
Mr. Ayzik continued, "Now that the IIM concept is gaining mainstream
acceptance from additional top-tier enterprises, we are benefiting from our
extensive track record with this and other satisfied customers worldwide. We
believe this will help us secure additional large-scale customers, and
hopefully to form relationships that translate into multi-year streams of
ongoing revenues."
About RiT Technologies
RiT is a leading provider of intelligent solutions for infrastructure
management, asset management, environment and security, and network
utilization. RiT Enterprise solutions address datacenters, communication
rooms and workspace environments, ensuring maximum utilization, reliability,
decreased downtime, physical security, automated deployment, asset tracking,
and troubleshooting. RiT Carrier solutions provide carriers with the full
array of network mapping, testing and bandwidth qualification capabilities
needed for access network installation and service provisioning. RiT's
field-tested solutions are delivering value in thousands of installations
for top-tier enterprises and operators throughout the world.
For more information, please visit our website: http://www.rittech.com
Safe Harbor Statement
In this press release, all statements that are not purely about
historical facts, including, but not limited to, those in which we use the
words "believe,""anticipate,""expect,""plan,""intend,""estimate",
"forecast", "target", "could" and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. For example, when we discuss a field trial which could lead to
a multi-million dollar Carrier deal, we are using a forward looking
statement. While these forward-looking statements represent our current
judgment of what may happen in the future, actual results may differ
materially from the results expressed or implied by these statements due to
numerous important factors, including, but not limited to, those described
under the heading "Risk Factors" in our most recent Annual Report filed with
the Securities and Exchange Commission (SEC) on Form 20-F, which may be
revised or supplemented in subsequent reports filed with the SEC. These
factors include, but are not limited to, the following: our ability to raise
additional financing, if required; the continued development of market
trends in directions that benefit our sales; our ability to maintain and
grow our revenues; our dependence upon independent distributors,
representatives and strategic partners; our ability to develop new products
and enhance our existing products; the availability of third-party
components used in our products; the economic condition of our customers;
the impact of government regulation; and the economic and political
situation in Israel. We are under no obligation, and expressly disclaim any
obligation, to update the forward-looking statements in this press release,
whether as a result of new information, future events or otherwise.
Company Contact:
Moti Antebi
CFO
+972-3-766-4249
motia@rit.co.il [benc@rit.co.il ]
Source: RiT Technologies Ltd
.