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VCS-413 exam Dumps Source : Administration of Veritas eDiscovery Platform 8.2 for Administrators
Test Code : VCS-413
Test denomination : Administration of Veritas eDiscovery Platform 8.2 for Administrators
Vendor denomination : Veritas
: 84 actual Questions
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Veritas Administration of Veritas eDiscovery
MOUNTAIN VIEW, Calif.--(enterprise WIRE)--Veritas applied sciences, the chief in assistance administration, nowadays announced that Veritas enterprise Vault and Veritas Discovery Accelerator are now accessible as a FedRAMP approved, SaaS level, qualify impact cloud provider. via their partnership with bluesource, a Veritas platinum licensed associate, and their partnership with ProjectHosts, U.S. govt businesses in want of cloud-based mostly Archiving and eDiscovery can now profit immediate access to those Veritas options in a FedRAMP approved cloud. With these options, executive organizations can now minimize the pervade of overhead for hardware and software ownership, and stream to a fully managed government cloud archiving and eDiscovery provider to successfully meet Capstone and immutability requirements.
“Veritas is committed to assisting Federal organizations gain a higher figuring out of their records so that they could result more desirable selections about it—and accord fast, protected features to residents,” spoke of Tom Kennedy, vice chairman & GM, Public Sector, Veritas. “Veritas commercial enterprise Vault and Veritas Discovery Accelerator in a SaaS figure aspect permits government corporations to enhance a holistic suggestions governance approach, whereas complying with the U.S. govt’s FedRAMP safety mandate for cloud-based mostly features. Their application is hosted and delivered from a SaaS-level FedRAMP qualify cloud atmosphere constructed on Microsoft Azure. This retort helps Federal groups instantly expand their advice management needs, while saving them appreciable time and money as a cloud service.”
The compund of commercial enterprise Vault and Discovery Accelerator offers consumers a finished solution for managing their advice, from advent to discovery and subsequently to character if and when appropriate. Customizable guidelines champion consumers modernize beyond guide and time-ingesting methods for making decisions about their information. automated tips retention takes the guesswork out of deciding upon what to hold and what to delete, which is increasingly crucial as corporations loom to meet looming deadlines imposed by means of mandates such because the Managing govt statistics Directive.
“Having offered a fully managed carrier for industry Vault for over 10 years—on-premises, in the cloud, and in hybrid environments—it’s very pleasant to now subsist capable of lengthen the benefits of their EV247 retort to U.S. government corporations who had been keen to stream greater of their archiving and eDiscovery belongings to a cozy cloud model,” stated Matthew Edwards, community CTO and president, bluesource North the united states. “with the aid of partnering with ProjectHosts, their EV247 solution is now attainable in a FedRAMP authorized cloud and is made available as a FedRAMP SaaS-level, qualify influence cloud service.”
"As a identified leader in suggestions administration we're very excited work with bluesource and Veritas. they own included their application software directly into their Azure FedRAMP cloud environment and performed the due diligence to ensure that the entire required safety controls are in region to maintain SaaS-level FedRAMP compliance," renowned Scott Chapman, CEO and co-founder of assignment Hosts, Inc. "This makes it workable for Veritas to bring and market their purposes to executive businesses as a FedRAMP SaaS-stage compliant cloud provider in an Azure subscription.”
For more counsel gratify visit Veritas industry Vault, Veritas Discovery Accelerator or firstname.lastname@example.org
The Federal risk and Authorization management program, or FedRAMP, is a govt-large software that gives a standardized strategy to security assessment, authorization, and continuous monitoring for cloud products and features. This routine makes employ of a “do once, employ time and again” framework that saves an estimated 30-40% of government prices, in addition to both time and team of workers required to deportment redundant agency protection assessments. FedRAMP is the influence of close collaboration with cybersecurity and cloud experts from the customary services Administration (GSA), national Institute of standards and know-how (NIST), arm of Place of birth safety (DHS), arm of protection (DOD), country wide protection company (NSA), office of administration and budget (OMB), the Federal Chief information Officer (CIO) Council and its working agencies, as well as private industry.
About Veritas applied sciences:
Veritas applied sciences allows for corporations to harness the vigour of their advice, with tips administration options serving the area’s greatest and most knotty environments. Veritas works with companies of impeccable sizes, together with 86 % of global Fortune 500 organizations, improving statistics availability and revealing insights to power competitive expertise. www.veritas.com
At bluesource they focus on managing, preserving, shopping, stirring your information and featuring knowledgeable eDiscovery capabilities. through their team of senior consultants, they recommend executive and corporations on how to retain facts: classifying and archiving what’s essential. They focus on enabling productive and timely information searches and moreover assisting the eDiscovery routine together with legal grasp, early case assessment and automating the criminal workflow. With sixteen years’ experience, we're an accredited Veritas and Microsoft colleague with notably efficient expertise on privilege here structures: Veritas commercial enterprise VaultTM, Veritas NetBackupTM, Veritas eDiscovery PlatformTM , Microsoft Office365TM and Microsoft AzureTM. They work with consumers to host options on-premises or in the cloud. Their competence extends past just consulting to provide thoroughly managed capabilities for both archiving and eDiscovery, delivering ninety nine.9% SLA uptime and ensuring health, performance and system availability 24 x 7 x 365. www.bluesource.net - email@example.com
mission Hosts, Inc. is a diagnosed U.S. executive Cloud services issuer (CSP) and leader in presenting Managed Cloud capabilities on Azure and internet hosting Microsoft options and ISV purposes. Federal and situation government agencies, main organisations and medium-sized companies depend on undertaking Hosts to deliver a highly secure and dedicated cloud ambiance that can subsist customized to fulfill their specific company needs, protection standards, IT governance and integration requirements. www.projecthosts.com - firstname.lastname@example.org
Sep 18, 2018
Veritas applied sciences, company of enterprise records coverage and software-defined storage options, is stirring into a govt-extensive settlement for the U.S. widespread capabilities Administration (GSA), featuring federal companies with information governance and cloud records management utility.
below the contract, govt corporations could own access to Veritas records insurance scheme and cloud options at negotiated fees to enable for better records administration.
The agreement is derived from the GSA IT time table 70 and entirely supports the Federal suggestions technology Acquisition Reform Act (FITARA) Enhancement application.
The compress brings Veritas’ enterprise statistics administration portfolio to impeccable eligible federal, state, local, and tribal govt companies.
These agencies can build upon the facts protection basis of Veritas NetBackup and add further records management capabilities to accelerate their cloud initiatives.
some of the initial offerings encompass:
Veritas facts perception helps groups enhance unstructured information governance to reduce back fees, chance and obtain compliance through actionable intelligence into statistics possession, utilization and entry controls.
Veritas eDiscovery Platform offers governments with the most efficient evaluation toolkit for separating imperative felony, regulatory and investigative gadgets, revealing context and prioritizing what is most important, the employ of a unique application.
Veritas InfoScale helps federal IT teams more suitable give protection to information and functions throughout physical and digital infrastructures. InfoScale minimizes downtime via featuring towering availability and catastrophe healing over any distance for vital industry capabilities, together with particular person databases, customized functions and knotty multitier applications throughout actual, virtual and cloud environments.
Veritas enterprise Vault, when offered as a solution with a FedRAMP authorized software-as-a provider (SaaS) cloud provider from bluesource (referred to as EV247), frees companies from the overhead of owning, running or managing e-mail and file archives. The EV247 retort is powered by means of the area’s main archiving technology from Veritas. it is a cloud platform, application archiving solution and managed carrier impeccable in one.
Veritas 360 data management offers groups the skill to seriously change their records to tackle the challenges of conclusion-to-end information administration with the aid of information visibility, compliance readiness, company continuity, records protection and recoverability. It accomplishes impeccable of those desires whereas holding facts/workload portability and storage optimization.
For greater suggestions about this information, talk over with www.veritas.com.
MOUNTAIN VIEW, Calif., Sept. 12, 2018 /PRNewswire/ -- Veritas applied sciences, the global market participate leader in the enterprise information coverage and software-described storage market, has entered into a government-huge compress for the U.S. well-known functions Administration (GSA) to provide federal groups with records governance and cloud statistics management utility.
below the settlement, govt businesses may own entry to Veritas data insurance scheme and cloud solutions at negotiated expenses to allow for improved facts management. The settlement is derived from the GSA IT agenda 70 and totally helps the Federal suggestions technology Acquisition Reform Act (FITARA) Enhancement program.
The settlement brings Veritas' award-successful enterprise facts management portfolio to impeccable eligible federal, state, endemic and tribal executive businesses. These agencies can build upon the data coverage basis of Veritas NetBackup and add additional information management capabilities to accelerate their cloud initiatives. some of the initial choices include:
Veritas records insight helps corporations expand unstructured records governance to reduce back expenses, possibility and obtain compliance via actionable intelligence into information ownership, utilization and entry controls.
Veritas eDiscovery Platform offers governments with the premiere analysis toolkit for setting apart critical felony, regulatory and investigative objects, revealing context and prioritizing what's most essential, using a unique software.
Veritas InfoScale helps federal IT groups stronger present protection to suggestions and applications across actual and digital infrastructures. InfoScale minimizes downtime by means of offering unreasonable availability and catastrophe restoration over any distance for vital company features, including particular person databases, custom purposes and complicated multitier applications across physical, virtual and cloud environments.
Veritas enterprise Vault, when offered as a solution with a FedRAMP authorized software-as-a service (SaaS) cloud service from bluesource (called EV247), frees businesses from the overhead of possessing, operating or managing email and file archives. The EV247 retort is powered with the aid of the world's leading archiving know-how from Veritas. it is a cloud platform, application archiving retort and managed provider impeccable in one.
Veritas 360 statistics management offers groups the means to transform their data to address the challenges of end-to-end facts management by using information visibility, compliance readiness, enterprise continuity, information insurance policy and recoverability. It accomplishes impeccable of those train whereas maintaining information/workload portability and storage optimization.
"The IT time table 70 FITARA Enhancement software will deliver executive businesses with better flexibility in getting access to the ingenious software options they want at a far better cost to taxpayers," spoke of Alan Thomas, GSA Federal Acquisition carrier (FAS) Commissioner. "featuring these options via a government-extensive, enterprise-level compress is an outstanding passage to reduce duplication in their procurement procedure."
"With the upward thrust of cybercrime, the introduction of latest records laws, an upturn of facts expand and escalation of digital privateness, federal companies nowadays should subsist organized to result strategic choices around data assortment, records storage, the area of that information—and the passage it can moreover subsist safeguarded," spoke of Tom Kennedy, vp and accepted manager, Veritas Public Sector. "as the undisputed chief in data insurance policy and utility-described storage, Veritas is offering govt businesses handy access to options that assist combat these pressures – to regard information, preserve it included, enhance facts availability, unlock the power of guidance and garner insights to pressure improvements in govt courses."
about the IT schedule 70 FITARA Enhancement ProgramThe Federal assistance technology Acquisition Reform Act (FITARA) is a GSA program designed to result it less difficult and more qualified value for federal agencies to acquire application. FITARA turned into handed by Congress in 2014 and the workplace of administration and budget (OMB) implemented information in 2016. It aims to reduce back costs and bear resourceful know-how to the federal executive.
About VeritasVeritas technologies is the chief within the global industry statistics coverage and software-defined storage market. We befriend essentially the most vital firms on the planet, including 86 p.c of the global Fortune 500, returned up and rep well their information, maintain it at ease and available, asylum in opposition t failure and obtain regulatory compliance. As businesses modernize their IT infrastructure, Veritas gives you the expertise that helps them reduce dangers and capitalize on their facts. study greater at www.veritas.com or comply with us on Twitter at @veritastechllc.
Veritas and the Veritas brand are emblems or registered trademarks of Veritas technologies LLC or its affiliates within the U.S. and different international locations. different names may subsist emblems of their respective house owners.
Veritas TechnologiesDayna Fried +1 925 493 email@example.com
View common content to down load multimedia:https://www.prnewswire.com/news-releases/veritas-enters-new-government-wide-cloud-data-management-agreement-for-the-us-prevalent-capabilities-administration-300710751.html
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The Best of the Best: Redmond's 2006 Readers' preference Awards
Find out how your favorite tools fared in more than 40 categories.
Every day, you deal with spyware, hackers, integration issues, patch management, regulatory compliance and passwords. You're monitoring Web access, monitoring performance and impeccable the while monitoring your budget. The stakes are towering and mistakes are costly, both in terms of dollars and job security. Sitting in the IT sweltering seat these days is a choice balancing act: You're fragment techie, fragment diplomat, fragment detective, fragment industry manager and fragment magician.
You requisite to own absolute faith in the tools you're using. You're the one on the front lines, so they gyrate to you to befriend us determine the best of the best in dozens of product categories. What are the tools you employ every day to maintain your networks running smoothly? What is helping you maintain hackers, spammers and spyware at bay? How enact you maintain an eye on impeccable your systems to result positive there's no trouble? There are a lot of choices, and making the best preference is critical.
Here's a particular stare at how the best of the best stacked up in every category. These are the tools and utilities you employ every day to maintain your systems running.
Back to BasicsNetwork management, application management, network monitoring -- these are the basics, the absolutely essential categories. The leaders in these categories read enjoy a Who's Who of the technology industry -- trusted vendors with a long, vigorous track record of proven technologies.
For best network management product, Microsoft Systems Management Server and Microsoft Operations Manager took the top two spots with 23.5 percent and 16.7 percent of the votes, respectively. HP Openview was the ISV winner with 13.8 percent of the votes. close behind HP was Cisco's LAN Management Solution, at 12.5 percent. Solar Winds Network Management Software moreover fared well, with 6.8 percent of the ballot.
Microsoft moreover took the best application management product with Microsoft Operations Manager, grabbing 41.7 percent of the vote. The ISV winner and Preferred Product honors are impeccable grouped quite closely. NetIQ's AppManager Suite took ISV winner by tallying 10.5 percent. LANDesk was close behind as a Preferred Product with 10 percent. Novell ZenWorks came in at 9.8 percent.
Performance management was another close race with more familiar names. Microsoft Operation's Manager again took this category, with 36.4 percent of the vote. NetIQ's AppManager Suite moreover led as ISV winner with 9.2 percent. SolarWinds' Orion Network Performance Monitor was privilege behind them with 9.1 percent. IBM's Tivoli Monitoring for Transaction Performance garnered 7.5 percent, rounding out the leaders.
The universal network monitoring utensil category was huge, with more than 20 individual products earning your votes. Microsoft Operations Manager -- the Swiss Army knife of software -- again took top honors, but by a smaller margin than the previous two categories, with 20.7 percent of the votes.
One reader likes what Microsoft Operations Manager (MOM) can do, but recognizes that it's not an out-of-the-box answer. "MOM is truly an awesome solution if you own the time to set it up and customize it to your needs," he says.
The other winners for universal network monitoring are familiar names -- Cisco Systems' Syslog Analyzer with 12.9 percent, HP OpenView Operations for Windows with 12.7 percent and IBM Tivoli NetView with 5.2 percent. Only one or two percentage points separated the next several products.
As more organizations insert open source to their networks, whether running server farms or Web services or on the desktop, they requisite to befriend those systems play well with Windows. The MKS Toolkit for Developers is an interoperability favorite with 49.1 percent of the votes. Centrify DirectControl and Centeris Likewise are gaining strength with 20.1 percent and 16.7 percent of the votes, respectively.
Whether or not you watch your employee's Web usage, you quiet own to watch bandwidth. The best bandwidth/traffic monitoring product was a very close race, with less than a percentage point separating the leaders. Network Instruments' Observer was the top vote-getter with 22.7 percent, edging out Lightspeed Systems Total Traffic Control at 21.9 percent, and Argent Guardian with 21.3 percent.
Among their readers whose companies monitor employees' surfing habits, two transparent choices emerged. Websense Enterprise won best Web usage monitor with 34.9 percent of the votes, while SurfControl Web Filter garnered 30.7 percent. SmartFilter earned a spot on the leaderboard with 6.8 percent.
Compliance and Asset ManagementIn this era of Sarbanes-Oxley, the Health Insurance Portability and Accountability Act (HIPAA) and outside auditing, asset management has never been more important. Altiris is the runaway winner in this category. Its Asset Management Suite took the award for best asset management/ resource inventory product with 29.9 percent of the vote. Some singled out Altiris Inventory Solution with 16 percent. Numara's (formerly Intuit) Track-It earned 11.1 percent.
Track-It is gaining traction particularly well in smaller organizations. "We own a department secretary who records everything in Track-It," says one reader from a diminutive situation government agency.
Microsoft showed its strength again in the license management category, earning top honors with Microsoft Systems Management Server taking a whopping 61.3 percent of the vote. Altiris was moreover strong, locking up the next two spots with its Altiris Compliance Suite at 14 percent, and Altiris Server Provisioning Suite at 7.5 percent. iInventory rounded out the leaders with 5.3 percent.
Compliance is another critical category that continues to gain importance. For best compliance tools, 22.4 percent chose the NetIQ Security Compliance Suite (Security Manager and Vulnerability Manager) as the winner. Symantec/Bindview came in next with 17 percent. Shavlik's NetChk Compliance tallied 15.8 percent.
The battle for best virtual server was a clash of two titans -- VMware and Microsoft. VMware's GSX Server won with 47.5 percent of the vote. Microsoft's Virtual Server 2005 came in privilege behind that with 45.8 percent.
Those identical two titans clashed again for best virtual PC product. VMware took a wider lead with its VMware Workstation Edition earning 58.7 percent. Microsoft Connectix Virtual PC for Windows followed with 36.1 percent of the votes.
There was really only one titan rolling over the comfort in the battle for best non-Microsoft browser. Firefox dominated with 74.3 percent of the votes, which earned the highest number of votes for a unique product. Mozilla tied with Netscape Navigator in second place, with 7.6 percent.
When it comes to SQL tools, you clearly faith the source. Microsoft wins the SQL utensil category with 60.7 percent. SQL Power Tools is the ISV winner with 13.7 percent of the votes. Rounding out the leaders is Quest Software's Spotlight on SQL Server with 9.4 percent and Embarcadero Technology's ER Studio with 2.4 percent.
The Redmond Readers’ preference survey truly represents the opinions and attitudes of their readers. The products selected here are the ones that drive their networks and maintain their industry running. The survey figure this year was approximately 30 percent longer than eventual year’s form. They added unique categories and went through the list product by product to ensure that it was as comprehensive and accurate as possible.
This year’s survey was once again pushed out to readers who own signed up to receive one of their numerous e-mail newsletters. And once again, their readers proved to subsist a responsive and opinionated group (which they deeply appreciate). Even with the significantly longer survey, they quiet received nearly 2,000 completed surveys at the finish of the two-week survey period.
Like it or not, it’s a Microsoft world. Redmond magazine is impeccable about Microsoft technologies, but moreover the lively vendor community that supports and integrates and improves what comes out of Microsoft. They noticed Microsoft clearly winning many of the heavy duty management categories enjoy network management, network monitoring and application management. After many spirited discussions, they opted to adjust the structure of the winning categories this year.
We established an additional award even for those product categories to recognize the leading independent software vendors who earned the most votes. For example, Microsoft won the network management category and is duly honored as the winner. To recognize the other leading vendors in that category, they established the ISV winner. They did this not so much to even the playing field, but to admit that in some cases, there are really two playing fields.
After impeccable the results were gathered and organized, a team of editors went through the list looking for any suspicious patterns to ensure there were no outside attempts to influence the results. Once they were satisfied that the list was an honest and accurate reflection of their readers’ opinions, they examined the results and listed the winners, ISV winners and preferred products for each category. -- L.L.
Day-to-Day ToolsYour administration tools picture another "have to have" category. These are the tools you employ every day to maintain the lights on. You gave us your top picks for migration, server migration, Group Policy manager, disk defragmentation and drive monitoring, remote troubleshooting, network automation and batch processing, scripting, patch management, application sharing and application combat testing tools.
MigrationQuest wins with its Enterprise Migration Manager earning 18.2 percent. Altiris took both preferred product spots with its Deployment Solution earning 10.4 percent and its Client Management Suite bringing in 7.4 percent.
Server MigrationQuest moreover won as the best server migration product with its Migration Suite for vigorous Directory/Exchange, earning 18.8 percent. As it did in the universal migration category, Altiris Deployment Solution came in second and Client Management Suite third, with 15 percent and 7 percent of the votes, respectively.
It's relatively simple to add more disks or arrays to meet storage growth. Disks are moreover getting cheaper, so today's storage is often more cost efficient than years past. But storage itself isn't the problem -- the challenge lies in managing storage volumes that escalate at annual rates frequently exceeding 60%. Administrators requisite a many-sided and robust suite of tools to report utilization and availability, streamline storage allocation, plod data between disks and platforms, and automate many of the mundane but essential practices that today's IT organizations rely on. While there's no universal management "solution" today, the products are evolving and practices are constantly improving.
Data management tools
Administrators can leverage a affluent suite of software tools to manage tasks enjoy configuration, provisioning, migration and archiving. Additional tools monitor availability, measure performance and report timely data to decision makers.
Configuration tools are usually tailored to specific storage systems, usually supporting setup and operational characteristics. As one example, the Hitachi Resource Manager Utility Package can subsist used to configure storage systems from Hitachi Data Systems Inc. (HDS). The utility allows users to define, change and reassign analytic unit numbers (LUN) without rebooting, ply virtual LUNs, manage cache and maintain security. Hewlett-Packard Co.'s (HP) StorageWorks LUN Configuration and Security Manager XP software is another notable product. The biggest areas of growth in configuration tools are improved heterogeneity to champion an increasing purview of systems and superior security to preclude unauthorized changes to critical configurations.
Provisioning tools are used to earmark storage resources to specific users or applications. More recently, provisioning tools are adding removal (deallocation) features. Today, there are many tools to choose from, including Storage Manager from Crosswalk Inc., WysDM for Fileservers from WysDM Software Inc., adaptive provisioning software from 3PARdata Inc. and automation software from Opsware Inc. Larger players in the industry are moreover important. These comprehend HP's Storage Essentials Enterprise Edition software (using AppIQ technology), the Hitachi HiCommand Path Provisioning module (part of Hitachi HiCommand Storage Services Manager), Storage Provisioning Services in EMC Corp.'s ControlCenter software, Tivoli software from IBM and Veritas Provisioning Manager from Symantec Corp. As with configuration tools, provisioning tools are expanding their compatibility across multiple platforms -- a major constituent of that compatibility is the adoption of SMI-S standards. The tools are moreover getting easier, using better intelligence and wizards to automate more of the provisioning process.
Migration tools ply data movement from one storage platform to another, but it's critical to select a product that will plod data in a fashion that is best suited for your environment. For example, the Transparent Data Migration Facility (TDMF) from Softek Storage Solutions Corp. moves data between disk storage devices and a local server. The Veritas Volume Replicator from Symantec moves data between servers using TCP/IP. The Topio Data Protection suite (TDPS) will enact both. impeccable three tools plod data in blocks.
Archiving tools moreover plod data enjoy migration tools. But since archives are typically intended for long-term data retention, archiving tools often focus on single-instance storage (e.g., data deduplication to reduce disk use) and security features that preclude unauthorized data alteration or deletion. There are numerous hardware products, including EMC's Centera, the SnapLock from Network Appliance Inc. (NetApp), IBM's DR500 and HP's Reference Information Storage System. Hardware products are usually categorized as content addressed storage (CAS) devices. Some archiving software is application specific, focusing on email, database or other applications. These products comprehend EMC's Email Xtender, Message Manager from CA and archiving products from Zantaz Inc. Archival and search tools are increasingly used to meet compliance requirements.
Finally, administrators employ monitoring, measurement and reporting tools to gain insights into the behaviors and usage of the storage infrastructure, helping to identify problem performance areas and scheme for future storage expansions or upgrades. Notable products in this area comprehend Symantec's Veritas CommandCentral Storage product, Vantage from CA, StorageScope from EMC, StorageEssentials SRM (storage resource management) from HP and Storage Manager from Softek. The key attributes of these tools are heterogeneity, and champion for a diverse array of storage products within the user's environment; the product should subsist able to note and report on everything in order to subsist useful.
Data process tools
While tools can add tremendous value to a storage organization, they are useless without a suite of internal policies and procedures that address your specific industry requirements. Processes are frequently broken up into change management, performance and capacity planning, and tiered storage, sometimes broadened to information lifecycle management (ILM).
A change management process defines the steps needed to add or change storage for a user or application. It may start with a change request and then wind through management authorization, budgeting and storage administration before finally being implemented. This may seem enjoy unnecessary bureaucracy, but the goal is to prioritize and coordinate changes to rep the most value from a storage investment. Companies that choose to tackle change management in-house often employ tools enjoy SANscreen from Onaro Inc. or the Redcell Network Change Management Solution from Dorado Software Inc. Independent consultants, enjoy Protiviti Inc. and NaviSite Inc., present change management services for IT organizations that prefer to outsource change functions.
Storage organizations must moreover monitor performance and prepare for growth at the storage and network levels. This ensures that each application or user receives the resources necessary to meet service even agreements, but prevents excess spending on unnecessary storage or infrastructure upgrades. Capacity planning and performance management (CPM) tools are often used to streamline this management, including PerfMan from Information Systems Manager Inc., TeamQuest View from TeamQuest Corp. or nGenuis from NetScout Systems Inc. Dedicated appliances, enjoy the Avalanche 2200 from Spirent Communications, can simulate real-world conditions that stress test a network infrastructure. While many tools are intended for enterprise-wide analysis, some CPM tools are optimized for demanding applications, enjoy SQL Server or Oracle. Some examples of these comprehend BEZProphet for Oracle, BEZPlus for IBM DB2 UDB and BEZPlus for NCR Teradata -- impeccable from Bez Systems Inc.
Finally, ILM manages stored data from the time it is created until it is destroyed, saving storage costs by placing data on a corresponding storage tier and migrating data between tiers as the data's value changes over time. This is a difficult industry process because data must subsist classified manually by individuals that understand its value to the organization. Then, rules for handling and disposal must subsist applied to each classification. Organizations frequently leverage tools for data classification, search, migration and retention. Typical tools comprehend HP StorageWorks, ArC from Archivas Inc., or SnapLock from NetApp. There are moreover dedicated hardware platforms for data classification, such as the IS-1200 family of dedicated information servers from Kazeon Systems Inc.
Storage is now further complicated by a proliferation of regulations that govern data retention, integrity and security. Meeting the demands of these regulations is called compliance. Some of the most notable regulations comprehend the Sarbanes-Oxley Act (SOX) and the Health Insurance Portability and Accountability Act (HIPAA), but there are now more than 10,000 situation and federal regulations that impact data storage. With so many rules affecting key industries enjoy finance and healthcare, IT professionals often rely on tools to meet their own compliance efforts. Retention policies moreover deal with data deletion, and policy managers must increasingly ply secure deletion tasks to minimize unnecessary legal exposure.
Compliance typically relies on the employ of storage platforms enjoy EMC's Centera or Clariion. NetApp is moreover a notable player with SnapLock and LockVault software running on NetApp FAS and NearStore storage platforms. The Axion storage system from EMC Corp. handles legal discovery and champion for regulatory compliance, as well as the e-discovery and information governance appliances from StoredIQ Corp. IBM offers the DR500, while HP provides the Reference Information Storage System (RISS). Email archiving and workflow automation software is moreover used to befriend meet compliance requirements. Encryption is playing a greater role in security -- especially for data at comfort within the data hub or to protect data sent off site. ***
SHENZHEN, China, March 27, 2018 /PRNewswire/ — 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a leading online sports lottery service provider in China, today reported its unaudited fiscal results for the fourth quarter and plenary year ended December 31, 2017.
Temporary Suspension of Online Lottery Sales
Since March 2015, impeccable provincial sports lottery administration centers to which the Company provides sports lottery sales services own temporarily suspended accepting online purchase orders for lottery products in response to the Notice related to Self-Inspection and Self-Remedy of Unauthorized Online Lottery Sales, (the "Self-Inspection Notice"), which was jointly promulgated by the Ministry of Finance, the Ministry of Civil Affairs and the universal Administration of Sports of the People's Republic of China on January 15, 2015.
On February 24, 2015, the Company was informed by inevitable provincial sports lottery administration centers that, as fragment of their respective self-inspection processes, such provincial sports lottery administration centers planned to temporarily suspend accepting online purchase orders for lottery products starting from February 25, 2015. On March 2, 2015, the Company was further informed by the remaining provincial sports lottery administration centers to which it provides sports lottery sales services that they moreover planned to temporarily suspend accepting online purchase orders for lottery products, in response to the Self-Inspection Notice.
As a result of the provincial sport lottery administration centers' decision to temporarily suspend accepting online lottery orders, or temporary suspension, the Company did not generate revenue from sports lottery sales in the fourth quarter and plenary year of 2017.
Fourth Quarter 2017 Highlights
Net revenues were RMB48.1 million (US$7.4 million), compared with RMB43.2 million for the third quarter of 2017, and RMB7.5 million for the fourth quarter of 2016.
Operating loss was RMB143.1 million (US$22.0 million), compared with operating loss of RMB74.4 million for the third quarter of 2017, and operating loss of RMB98.2 million for the fourth quarter of 2016.
Non-GAAP1 operating loss was RMB119.9 million (US$18.4 million), compared with non-GAAP operating loss of RMB61.0 million for the third quarter of 2017, and non-GAAP operating loss of RMB64.9 million for the fourth quarter of 2016.
Net loss attributable to 500.com was RMB129.9 million (US$20.0 million), compared with net loss attributable to 500.com of RMB72.2 million for the third quarter of 2017, and net loss attributable to 500.com of RMB9.1 million for the fourth quarter of 2016.
Non-GAAP net loss attributable to 500.com was RMB106.8 million (US$16.4 million), compared with non-GAAP net loss attributable to 500.com of RMB58.8 million for the third quarter of 2017, and non-GAAP net income attributable to 500.com of RMB24.2 million for the fourth quarter of 2016.
Basic and diluted losses per ADS were RMB3.18 and RMB3.18, respectively.
Non-GAAP basic and diluted losses per ADS were RMB2.62 and RMB2.62, respectively.
Full Year 2017 Highlights
Net revenues were RMB129.0 million (US$19.8 million), compared with net revenues of RMB10.9 million for the plenary year 2016.
Operating loss was RMB350.9 million (US$53.9 million), compared with operating loss of RMB366.6 million for the plenary year 2016.
Non-GAAP operating loss was RMB259.7 million (US$39.9 million), compared with non-GAAP operating loss of RMB203.2 million for the plenary year 2016.
Net loss attributable to 500.com was RMB317.1 million (US$48.7 million), compared with net loss attributable to 500.com of RMB203.0 million for the plenary year 2016.
Non-GAAP net loss attributable to 500.com was RMB226.0 million (US$34.7 million), compared with non-GAAP net loss attributable to 500.com of RMB39.6 million for the plenary year 2016.
Basic and diluted losses per ADS were RMB7.77 and RMB7.77, respectively.
Non-GAAP basic and diluted losses per ADS were RMB5.53 and RMB5.53, respectively.
1 Non-GAAP fiscal measures exclude the impact of share-based compensation expenses. Reconciliations of non-GAAP fiscal measures to U.S. GAAP fiscal measures are set forth in the table at the finish of this release.
Mr. Zhengming Pan, the CEO of 500.com, stated, "We voluntarily and temporarily suspended their online lottery sales operations in response to the promulgation of the Self-Inspection Notice. Such temporary and deliberate suspension materially and adversely impacted their fiscal results for the fourth quarter and plenary year of 2017. They want to restate that the Company was one of the two entities approved by the Ministry of Finance in 2012 to provide online lottery sales services on behalf of the China Sports Lottery Administration Center. In particular, such approval mandated that the China Sports Lottery Administration hub employ its best exertion to develop an online lottery sales management system as fragment of a pilot program for online lottery sales in China, and once such a management system is finished, the China Sports Lottery Administration hub should apply again for approval from the Ministry of Finance for official commencement of online lottery sales in China. The Company has been working and will continue to work with the China Sports Lottery Administration hub to develop the management system. To the best of the Company's knowledge, the approval by the Ministry of Finance for the Company to provide online lottery sales services on behalf of the China Sports Lottery Administration hub is telling and has not been revoked or amended as of the date of this earnings release."
"As fragment of their efforts to expand the scope of their industry and diversify their revenue streams, they acquired approximately 40.65% of the issued participate capital of Loto Interactive Limited (formerly known as "Melcolot Limited") in the second quarter of 2017 and 93.0% of the equity shares of The Multi Group Ltd in the third quarter of 2017. On March 6, 2018, they entered into a framework agreement (the "Framework Agreement") with the China Sports Lottery Administration Center, under which, both parties scheme to cooperate to develop physical channels to sell sports lottery tickets. They believe that these unique businesses and strategic acquisitions will create tough synergies with their existing operation platform, and the Framework Agreement will bring us tough growth potential."
Fourth Quarter 2017 fiscal Results
Net revenues were RMB48.1 million (US$7.4 million), representing a significant expand of RMB 40.6 million or 541.3% expand from RMB7.5 million for the fourth quarter of 2016 and an expand of RMB 4.9 million or 11.3% expand from RMB43.2 million for the third quarter of 2017. Net revenues generated from online lottery betting and online casino platforms in the Nordic countries through The Multi Group were RMB26.8 million (EUR3.4 million), accounted for 55.7% of their total net revenues for the fourth quarter of 2017. Net revenues generated from mobile gaming and sports information services were RMB21.3 million, accounted for 44.3% of their total net revenues for the fourth quarter of 2017. The Company disposed and ceased the operations of mobile gaming unit in Qufan in the first quarter of 2018.
Operating expenses were RMB165.5 million (US$25.4 million), representing an expand of RMB 65.9 million or 66.2% expand from RMB99.6 million for the fourth quarter of 2016, and an expand of RMB48.0 million or 40.9% expand from RMB117.5 million for the third quarter of 2017. The year-over-year expand was mainly due to an impairment provision of RMB28.8 million provided for long-term investment recognized during the fourth quarter of 2017, compared with an impairment provision of RMB3.3 million provided for long-term investment recognized during the fourth quarter of 2016; the consolidation of The Multi Group's operating expenses of RMB26.0 million (EUR3.3 million) for the fourth quarter of 2017; expand in operating expenses of Qufan Internet Technology Inc. and Shenzhen Qufan Network Technology Co., Ltd. (together "Qufan") of RMB9.6 million, which was disposed in the first quarter of 2018; increases in depreciation and amortization associated with acquired intangible assets of RMB8.2 million, marketing and promotional expenses relating to mobile gaming and sports information services of RMB4.2 million; expand in rental expense for the Company's unique office of RMB2.1 million, which were partially offset by a reduce in share-based compensation expenses associated with participate options granted to the Company's directors and employees of RMB10.1 million. The sequential expand was mainly due to an expand in impairment provision of RMB28.8 million provided for long-term investment recognized during the fourth quarter of 2017; expand in share-based compensation expenses associated with restricted shares granted to the Company's employees and directors of RMB9.8 million in August and November 2017; expand in salary expenses of RMB9.5 million; expand in marketing and promotional expenses relating to mobile gaming and online lottery betting of RMB6.2 million; expand in rental expenses of RMB2.0 million; expand in amortization associated with acquired intangible assets of RMB1.4 million, which were partially offset by a reduce in consulting expenses of RMB11.2 million.
Cost of services was RMB21.7 million (US$3.3 million), representing an expand of RMB17.5 million or 416.7% expand from RMB4.2 million for the fourth quarter of 2016, and an expand of RMB1.8 million or 9.0% expand from RMB19.9 million for the third quarter of 2017. The year-over-year expand was mainly attributable to expand in amortization associated with acquired intangible assets of RMB8.2 million; expand in industry insurance costs from The Multi Group associated with online lottery betting of RMB3.7 million; expand in platform service fees from The Multi Group associated with online casino platforms of RMB2.4 million, and expand in account handling expenses relating to the Company's mobile distribution channels of RMB1.6 million. The sequential expand was mainly attributable to expand in amortization associated with acquired intangible assets of RMB1.4 million and expand in insurance cost from The Multi Group associated with online lottery betting of RMB0.4 million.
Sales and marketing expenses were RMB29.7 million (US$4.6 million), representing an expand of RMB17.2 million or 137.6% expand from RMB12.5 million for the fourth quarter of 2016, and an expand of RMB8.4 million or 39.4% expand from RMB21.3 million for the third quarter of 2017. The year-over-year expand was mainly attributable to increases in marketing and promotional expenses relating to mobile gaming, sports information services and online lottery betting of RMB16.7 million and expand in salary expenses of RMB1.0 million. The sequential expand was mainly attributable to expand in marketing and promotional expenses relating to mobile gaming and online lottery betting of RMB6.2 million; expand in salary expenses of RMB1.3 million and expand in share-based compensation expenses associated with restricted shares granted to the Company's employees of RMB0.9 million in August 2017.
General and administrative expenses were RMB91.7 million (US$14.1 million), representing an expand of RMB25.6 million or 38.7% expand from RMB66.1 million for the fourth quarter of 2016, and an expand of RMB30.8 million or 50.6% expand from RMB60.9 million for the third quarter of 2017. The year-over-year expand was mainly attributable to an impairment provision of RMB28.8 million provided for long-term investment recognized during the fourth quarter of 2017, compared with an impairment provision of RMB3.3 million provided for long-term investment recognized during the fourth quarter of 2016; expand in salary expenses of RMB5.5 million; increases in rental expenses of RMB2.1 million for the Company's unique office and consulting expenses of RMB1.5 million, which were partially offset by a reduce in share-based compensation expenses associated with participate options granted to the Company's employees and directors of RMB8.9 million. The sequential expand was mainly attributable to an impairment provision of RMB28.8 million provided for long-term investment recognized during the fourth quarter of 2017; expand in share-based compensation expenses associated with restricted shares granted to the Company's employees and directors of RMB7.1 million in August and November 2017; expand in salary expenses of RMB3.6 million; increases in rental expenses of RMB1.7 million for the Company's unique office and travelling expenses of RMB1.4 million, which were partially offset by a reduce in consulting expenses of RMB11.2 million.
Service progress expenses were RMB22.4 million (US$3.4 million), representing an expand of RMB5.6 million or 33.3% expand from RMB16.8 million for the fourth quarter of 2016, and an expand of RMB6.9 million or 44.5% expand from RMB15.5 million for the third quarter of 2017. The year-over-year expand was mainly attributable to expand in salary expenses of RMB4.6 million for the expand of headcount for the mobile gaming unit and moreover the subsidy accrued at the finish of the year 2017, and expand in rental expenses of RMB0.6 million for the Company's unique office. The sequential expand was mainly attributable to expand in salary expenses of RMB4.7 million; expand in share-based compensation expenses associated with restricted shares granted to the Company's employees of RMB1.7 million in August 2017 and expand in rental expenses of RMB0.4 million for the Company's unique office.
Operating loss was RMB143.1 million (US$22.0 million), compared with operating loss of RMB98.2 million for the fourth quarter of 2016, and operating loss of RMB74.4 million for the third quarter of 2017, respectively.
Non-GAAP operating loss was RMB119.9 million (US$18.4 million), compared with non-GAAP operating loss of RMB64.9 million for the fourth quarter of 2016, and non-GAAP operating loss of RMB61.0 million for the third quarter of 2017, respectively.
Net Loss Attributable to 500.com
Net loss attributable to 500.com was RMB129.9 million (US$20.0million), compared with net loss attributable to 500.com of RMB9.1 million for the fourth quarter of 2016, and net loss attributable to 500.com of RMB72.2 million for the third quarter of 2017, respectively. The year-over-year expand was mainly due to a gain from the disposal of Sumpay.cn of RMB72.1 million recognized during the fourth quarter of 2016, a donation of RMB 30.0 million during the fourth quarter of 2017 and an impairment provision of RMB28.8 million provided for long-term investment recognized during the fourth quarter of 2017, which were partially offset by a settlement payment of RMB10.0 million relating to the stockholder class action lawsuit during the fourth quarter of 2016. The sequential expand was mainly due to a donation of RMB 30.0 million during the fourth quarter of 2017 and an impairment provision of RMB28.8 million provided for long-term investment recognized during the fourth quarter of 2017.
Non-GAAP net loss attributable to 500.com was RMB106.8 million (US$16.4 million), compared with non-GAAP net income attributable to 500.com of RMB24.2 million for the fourth quarter of 2016, and non-GAAP net loss attributable to 500.com of RMB58.8 million for the third quarter of 2017, respectively.
Full Year 2017 fiscal Results
Net revenues for the plenary year 2017 were RMB129.0 million (US$19.8 million), representing a significant expand of 1,083.5% from RMB10.9 million for the plenary year 2016.
Operating loss for the plenary year 2017 was RMB350.9 million (US$53.9 million), representing a reduce of 4.3% from RMB366.6 million for the plenary year 2016.
Non-GAAP operating loss for the plenary year 2017 was RMB259.7 million (US$39.9 million), representing an expand of 27.8% from RMB203.2 million for the plenary year 2016.
Net loss attributable to 500.com for the plenary year 2017 was RMB317.1 million (US$48.7 million), representing an expand of 56.2% from RMB203.0 million for the plenary year 2016.
Non-GAAP net loss attributable to 500.com for the plenary year 2017 was RMB226.0 million (US$34.7 million), representing an expand of 470.7% from RMB39.6 million for the plenary year 2016.
Cash and Cash Equivalents, Restricted Cash, Time Deposits and Short-term Investments
As of December 31, 2017, the Company had cash and cash equivalents of RMB529.1 million (US$81.3 million), restricted cash2 of RMB1.2 million (US$0.2 million) and short-term investments of RMB120.0 million (US$18.4 million), compared with cash and cash equivalents of RMB608.8 million, restricted cash of RMB2.2 million and short-term investments of RMB115.0 million as of September 30, 2017.
Prepayments and Other Current Assets
As of December 31, 2017, the balance of prepayment and other current assets was RMB74.0 million (US$11.4 million), compared with RMB69.5 million as of September 30, 2017. The balance as of December 31, 2017 mainly included: (i) the current portion of deferred expenses of RMB24.1 million (US$3.7 million); (ii) receivables of deposits of RMB17.4 million (US$2.7 million); (iii) receivables for disposal of long-term investment of RMB9.3 million (US$1.4 million); (iv) receivables from third party payment service providers of RMB1.9 million (US$0.3 million); and (v) other receivables of RMB21.3 million (US$3.3 million).
2 Restricted cash represents government grants received but pending for final clearance.
The Company will not result earnings forecast until it receives transparent instruction on the resumption date of online sports lottery sales from the Ministry of Finance.
Currency Convenience Translation
This announcement contains translations of inevitable Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, impeccable translations from Renminbi to U.S. dollars were made at the exchange rate of RMB6.5063 to US$1.00, as set forth in the H.10 statistical release of the Federal Reserve Board on December 29, 2017 and impeccable translations from Renminbi to EUR were made at the exchange rate of RMB7.8023 to EUR1.00, as set forth in the statistical release of situation Administration of foreign Exchange on December 29, 2017.
About 500.com Limited
500.com Limited (NYSE: WBAI) is a leading online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users. 500.com was among the first companies to provide online lottery services in China, and is one of two entities that own been approved by the Ministry of Finance to provide online lottery sales services on behalf of the China Sports Lottery Administration Center, which is the government authority that is in pervade of the issuance and sale of sports lottery products in China.
Safe Harbor Statements
This word release contains forward-looking statements within the import of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can subsist identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, impeccable of which are difficult to forecast and many of which are beyond the Company's control, which may antecedent the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of unique information, future events or otherwise, except as required under law.
About Non-GAAP fiscal Measures
To supplement the Company's fiscal results presented in accordance with U.S. GAAP, the Company uses non-GAAP fiscal measures, which are adjusted from results based on U.S. GAAP to exclude share-based compensation expenses in their consolidated affiliated entities. Reconciliations of non-GAAP fiscal measures to U.S. GAAP fiscal measures are set forth in table at the finish of this release, which provide more details on the non-GAAP fiscal measures.
Non-GAAP fiscal information is provided as additional information to befriend investors compare industry trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the historical and current fiscal performance of the Company's continuing operations and prospects for the future. Non-GAAP fiscal information should not subsist considered a substitute for or superior to U.S. GAAP results. In addition, calculations of this non-GAAP fiscal information may subsist different from calculations used by other companies, and therefore comparability may subsist limited.
For more information, gratify contact:
In ChinaMr. Christian ArnellPhone: +86-10-5900-1548E-mail: firstname.lastname@example.org
In USMs. Linda BergkampPhone: +1-480-614-3004Email: lbergkamp@ChristensenIR.com
500.com LimitedCondensed Consolidated balance Sheets(Amounts in thousands of Renminbi ("RMB") and U.S. dollars ("US$"), except for number of shares)
Cash and cash equivalents
Prepayments and other current assets
Total current assets
Property and equipment, net
Intangible assets, net
Other non-current assets
Total non-current assets
LIABILITIES AND SHAREHOLDERS'EQUITY
Accrued payroll and welfare payable
Accrued expenses and other current liabilities
Income tax payable
Total current liabilities
Deferred tax liabilities
Total non-current liabilities
Redeemable noncontrolling interest
Class A ordinary shares, par valueUS$0.00005 per share, 700,000,000shares authorized as of December
31, 2016 and December 31, 2017;
335,494,792 and 333,787,552 shares
issued and outstanding as of December
31, 2016 and December 31, 2017, respectively
Class B ordinary shares, par valueUS$0.00005 per share; 300,000,000shares authorized as of December31, 2016 and December 31, 2017;74,400,299 and 74,400,299 sharesissued and outstanding as of December31, 2016 and December 31, 2017, respectively
Additional paid-in capital
Accumulated other comprehensiveincome
Total 500.com Limited shareholders'equity
Total shareholders' equity
TOTAL LIABILITIES, NONCONTROLLINGINTEREST AND SHAREHOLDERS'EQUITY
500.com LimitedCondensed Consolidated Statements of Comprehensive Loss(Amounts in thousands of Renminbi ("RMB") and U.S. dollars ("US$"),except for number of shares, per participate (or ADS) data)
Three Months Ended
Twelve Months Ended
Operating costs and expenses:
Cost of services
Sales and marketing
General and administrative
Service progress expenses
Total operating expenses
Other operating income
Other operating expenses
Loss from equity routine investments
Gain from disposal of subsidiaries
Changes in impartial value of contingent considerations
Loss before income tax
Income tax (expense) benefit
Less: Net (loss) income attributable to the noncontrollinginterests
Net loss attributable to 500.com Limited
Other comprehensive income (loss)
Foreign currency translation (loss) gain
Change in impartial value of available for sale investment
Other comprehensive (loss) income, net of tax
Less: Comprehensive (loss) income attributable to noncontrollinginterests
Comprehensive loss attributable to 500.com Limited
Losses per participate attributable to 500.com Limited
Losses per ADS* attributable to 500.com Limited
Weighted average number of Class A and Class B ordinary sharesoutstanding:
* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.
500.com LimitedReconciliation of non-GAAP results of operations measures to the nearest comparable GAAP measures(Amounts in thousands of Renminbi ("RMB") and U.S. dollars ("US$"),except for number of shares, per participate (or ADS) data)
Three Months Ended
Twelve Months Ended
Adjustment for share-based compensationexpenses
Adjusted operating loss (non-GAAP)
Net loss attributable to 500.com Limited
Adjustment for share-based compensationexpenses
Adjusted net income (loss) attributable to 500.com Limited(non-GAAP)
Losses per participate attributable to 500.com Limited(non-GAAP)
Losses per ADS* attributable to 500.com Limited(non-GAAP)
Weighted average number of Class A and ClassB ordinary shares outstanding:
* American Depositary Shares, which are traded on the NYSE. Each ADS represents ten Class A ordinary shares of the Company.
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