Thursday, December 21, 2017 7:29:04 PM
"While its main organic growth strategy is embodied in the development of its solutions and services business, it has also leveraged its expertise to develop a patent-pending software designed to address the requirements of the multi-access edge computing market. Pivot has successfully completed a use case of this potentially disruptive technology with a Fortune 100 company. We are reviewing alternatives to finance the growth of this new technology with an objective to maximize shareholder value. To date in 2017, Pivot has invested an incremental $2.2 million in this proprietary solution (including $0.7 million in the third quarter)."
Well here's where things are going with Edge Computing:
"According to a new market research report "Edge Computing Market by Component (Hardware, Platform, Solutions), Application (Smart Cities, Location Services, Analytics, Augmented Reality), Organization Size (SME, Large Enterprises), Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size is expected to grow from USD 1.47 Billion in 2017 to USD 6.72 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 35.4% during the forecast period."
Link: https://www.prnewswire.com/news-releases/edge-computing-market-worth-672-billion-usd-by-2022-654465673.html
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