On Friday, Shares of Cadence Design Systems Inc. (NASDAQ:CDNS), gained 1.05% to $19.18.
Cadence Design Systems, declared that Cadence Fellow and chief technology officer of the IP Group, Dr. Chris Rowen, is planned to present at Embedded Vision Summit 2015 on May 12 at the Santa Clara Convention Center.
Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide.
Shares of TrueCar, Inc. (NASDAQ:TRUE), declined -6.12% to $14.11, during its last trading session.
TrueCar, declared its financial results for the first quarter ended March 31, 2015.
Administration Commentary
“We had a strong start to 2015 and are encouraged by the momentum we are carrying into the seasonally strongest part of our fiscal year,” said Scott Painter, Founder and Chief Executive Officer of TrueCar. “We recorded record revenues of $58.6 million and record Adjusted EBITDA of $4.3 million. Once again, the TrueCar branded channel powered our record performance with 3.8 million monthly unique visitors, and 70,000 unit sales, representing growth of nearly 60% year over year for both metrics.
The Model Showcase is an entirely different visual experience using high-resolution photography, embedded video and other high quality content offered by the OEMs at no cost to them. This visually compelling experience assists manufacturers present their brands in its environment in the best way possible. The company has launched the Model Showcase with several manufacturers, counting: BMW, Chrysler, Dodge, Fiat, Hyundai, Jeep, and Ram. We are in discussions with others to get them on the platform as well. If you want to see Model Showcase in its full, feature-rich glory, update the TrueCar app on your mobile device or visit TrueCar.com on the desktop, and navigate to the Fiat 500 page.
TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates its platform on the TrueCar Website and TrueCar mobile applications. It also customizes and operates its platform for its affinity group marketing partners, counting financial institutions, membership-based organizations, and employee buying programs for large enterprises.
At the end of Friday’s trade, Shares of TASER International Inc. (NASDAQ:TASR), lost -1.96% to $31.94.
TASER International, declared it has signed a definitive agreement to acquire MediaSolv Solutions Corp., a leading solution for interview room video, CCTV, in-car and on premises digital evidence administration. MediaSolv’s product suite will be connected to TASER’s Axon and EVIDENCE.com platform, further enabling law enforcement to unify existing silos of digital media and evidence into a seamless workflow from capture to the courtroom. The combination will offer MediaSolv’s existing customers improved administration, storage, and sharing capabilities through the EVIDENCE.com cloud platform, while simultaneously enhancing and expanding TASER’s existing portfolio of products and services.
The acquisition will expand on TASER’s investment in digital evidence administration, providing existing and new customers a cloud-connected pathway for data siloed across their agency, counting CCTV, in-car video, interview room video, digital images, and more. The MediaSolv product line right away expands both the near and long term growth opportunities for the EVIDENCE.com platform. It provides law enforcement officials comprehensive tools and resources for managing all of their digital evidence in an efficient and cost-effective manner.
TASER International, Inc. develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. It operates through two segments, TASER Weapons and AXON. The company’s CEW products transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system. It offers three hand-held CEW product lines, counting TASER X26P and TASER X2, which integrates with EVIDENCE.com; and TASER X26.
Finally, xG Technology, Inc. (NASDAQ:XGTI), ended its last trade with 10.41% gain, and closed at $0.35.
xG Technology, declared a Planned Technology Alliance Agreement with Drakontas, LLC to cooperate in the marketing of each other’s respective solutions. Under the terms of the agreement, xG and Drakontas will make accessible integrated products that comprise xMax private mobile broadband network technology and Drakontas’ DragonForce mobile team partnership software application.
Tim Moynihan, Vice President of Sales for xG Technology, said, “We are happy to join with Drakontas in this planned technology alliance. One of the key strengths of our all-IP xMax technology is that it is a device, protocol and application-agnostic system. This means we can provide added functionality and use cases by presenting our clients with a broad array of partner software applications like DragonForce. Delivering the shared situational awareness capabilities of DragonForce over the private, always-accessible xMax communications network represents a valuable tool for public safety agencies who need to ensure that their teams can communicate in all situations and at all times.”
xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.
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