|By Marketwired .||
|November 7, 2012 08:45 PM EST||
CALGARY, ALBERTA -- (Marketwire) -- 11/08/12 -- Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide this summary of its financial and operating results for the three and nine months ended September 30, 2012. A complete copy of the Company's comparative financial statements for the three and nine months ended September 30, 2012, along with management's discussion and analysis in respect thereof will be filed on SEDAR and on the Company's website at www.artekexploration.com.
---------------------------------------------------------------------------- Three Months Ended Nine Months Ended September 30 September 30 ------------------------------------------------- 2012 2011 Change 2012 2011 Change ---------------------------------------------------------------------------- (000s, except per share amounts) ($) ($) (%) ($) ($) (%) Financial Petroleum and natural gas revenues 8,501 11,566 (27) 27,610 32,626 (15) Funds flow from operations (1) 3,107 5,318 (42) 9,978 14,681 (32) Per share - basic 0.07 0.13 (46) 0.23 0.39 (41) - diluted 0.07 0.13 (46) 0.23 0.39 (41) Cash from operating activities 2,959 5,153 (43) 9,391 14,636 (36) Net earnings (loss) (1,213) 1,914 7,696 (747) Per share - basic (0.03) 0.05 0.18 (0.02) - diluted (0.03) 0.05 0.18 (0.02) Capital expenditures 14,857 11,084 34 42,134 30,172 40 Dispositions -- -- -- 19,444 -- -- Net debt (at period-end) (2) 61,406 50,868 21 61,406 50,868 21 Shareholders' equity 102,657 101,285 1 102,657 101,285 1 ---------------------------------------------------------------------------- (000s) (#) (#) (%) (#) (#) (%) Share Data At period-end Basic 43,474 39,583 10 43,474 39,583 10 Options 4,121 3,455 19 4,121 3,455 19 Weighted average Basic 43,455 39,583 10 43,442 37,798 15 Diluted 43,826 39,889 10 43,835 37,798 16 ---------------------------------------------------------------------------- (%) (%) Operating Production Natural gas (mcf/d) 9,722 8,406 16 9,573 8,068 19 Crude oil (bbls/d) 743 1,022 (27) 821 914 (10) NGLs (bbls/d) 193 75 157 160 74 116 Total (boe/d)(3) 2,556 2,498 2 2,577 2,332 11 Average wellhead prices (4) Natural gas ($/mcf) 2.49 4.52 (45) 2.27 4.57 (50) Crude oil ($/bbl) 78.47 83.18 (6) 80.48 86.38 (7) NGLs ($/bbl) 50.95 72.02 (29) 60.98 73.43 (17) Total ($/boe)(5) 36.50 51.98 (30) 38.30 52.38 (27) Royalties ($/boe) (6.03) (11.06) (45) (7.10) (10.55) (33) Operating cost ($/boe) (10.11) (11.06) (9) (10.51) (11.33) (7) Transportation cost ($/boe) (1.84) (1.70) 8 (1.64) (1.75) (6) Operating netback ($/boe)(6) 18.52 28.16 (34) 19.05 28.75 (34) Drilling activity - gross (net) Development (#) 5 (2.4) 1 (0.6) 8 (5.0) 3 (1.5) Exploration (#) -- (--) 1 (0.6) 2 (1.2) 2 (1.6) Abandoned (#) -- (--) -- (--) -- (--) -- (--) ---------------------------------------------------------------------------- Total (#) 5 (2.4) 2 (1.2) 10 (6.2) 5 (3.1) Average working interest (%) 48 60 62 62 Success rate (%) 100 100 100 100 ----------------------------------------------------------------------------
(1) Funds flow from operations is calculated using cash flow from operating activities, as presented in the statement of cash flows, before changes in non-cash working capital and settlement of decommissioning costs. Funds flow from operations is used to analyze the Company's operating performance and leverage. Funds flow from operations does not have a standardized measure prescribed by International Financial Reporting Standards ("IFRS"), and therefore, may not be comparable with the calculations of similar measures for other companies.
(2) Current assets less current liabilities, excluding fair value of derivative instruments.
(3) For a description of the boe conversion ratio, refer to the advisories contained herein.
(4) Product prices include realized gains/losses from financial derivative contracts.
(5) Oil equivalent price includes minor sulphur sales revenue.
(6) Operating netback equals petroleum and natural gas revenues plus realized gains/losses on financial derivatives less royalties, transportation and operating costs calculated on a per boe basis. Operating netback does not have a standardized measure prescribed by IFRS, and therefore, may not be comparable with the calculations of similar measures for other companies.
Third Quarter Financial and Operating Highlights
-- Drilled 2 (1.2 net) horizontal wells at Inga, British Columbia resulting in production test rates of 2,335 boe/d (1,503 bbls/d of condensate) and 2,086 boe/d (1,351 bbls/d of condensate), respectively, from the Doig formation. -- Drilled 3 (1.2 net) vertical wells targeting Glauconite oil at Leduc Woodbend in central Alberta all of which are expected to be on production by mid-November. -- Increased average production to 2,556 boe/d, up 2% from the third quarter of 2011 despite shutting in an average of approximately 200 boe/d of dry natural gas volumes due to low natural gas prices during the period and selling approximately 218 boe/d in the first quarter of 2012. -- Crude oil and liquids volumes totaled 936 bbls/d or 37% of total corporate production. -- Funds flow from operations for the quarter was $3.1 million or $0.07 per diluted share. -- Operating netbacks declined 34% to $18.52/boe due to natural gas prices falling 45% and crude oil prices dropping 6% since the third quarter of 2011 as well as lower crude oil volumes as a result of a first quarter asset sale. -- Operating costs decreased 9% to $10.11/boe compared to the third quarter of 2011 and fell 7% to $10.51/boe compared to the first nine months of 2011. -- Invested $14.9 million in capital expenditures, including approximately $2.0 million on land acquisitions in its core areas and approximately $0.9 million on construction of a sales line at Inga to a deeper cut facility in order to double the liquids recovery at plant. -- Increased operating bank line to $65.0 million from $60.0 million, while maintaining the acquisition/development line of credit at $10.0 million. -- Subsequent to quarter-end, the Company entered into a bought deal financing where Artek has agreed to issue 4,562,000 common shares at a price of $2.85 per share and 3,189,000 flow-through common shares at a price of $3.45 per share for aggregate gross proceeds of approximately $24.0 million. The financing is expected to close on or about November 9, 2012.
For the third quarter of 2012, Artek's funds flow declined 42% to $3.1 million compared to the same period last year due to a 45% year-over-year drop in natural gas prices and a 6% decrease in crude oil prices. The Company continued to have approximately 200 boe/d of dry natural gas production shut-in throughout the period due to low natural gas prices. Despite these occurrences and the divestiture of 218 boe/d (approximately 94% oil and liquids) in the first quarter, the Company posted a 2% increase in average production to 2,556 boe/d. Artek's 37% oil and liquids weighting, after a first quarter asset sale, allowed the Company to achieve a quarterly operating netback of $18.52/boe and a cash netback of $13.21/boe despite lower commodity prices. Operating costs improved 9% to $10.11/boe for the quarter compared to the same period last year, while improving 7% over the first nine months of 2011.
The Company's working capital deficiency (excluding fair value of derivative instruments) was $61.4 million at September 30, 2012. Artek's operating bank line was increased to $65.0 million from $60.0 million during the quarter, while the Company's $10.0 million development/acquisition facility was maintained, bringing total credit lines to $75 million.
On October 17, 2012, the Company entered into an agreement with a syndicate of underwriters pursuant to which Artek has agreed to issue, on a bought deal basis, 4,562,000 common shares at a price of $2.85 per share and 3,189,000 flow-through common shares at a price of $3.45 per share for aggregate gross proceeds of approximately $24.0 million. In addition, the underwriters have been granted an over-allotment option, exercisable for a period of 30 days following closing of the offering, to purchase 351,000 common shares at a price of $2.85 per share for additional gross proceeds of approximately $1.0 million. The offering is expected to close on or about November 9, 2012. The proceeds of the financing will be used initially to reduce bank indebtedness, thereby freeing up additional borrowing capacity that may be redrawn to fund the Company's ongoing capital expenditure program.
Operations Review - Liquids Focus
Artek's production in the third quarter averaged 2,556 boe/d, of which approximately 37% was crude oil and NGLs. Production during the period was impacted by temporary delays associated with weather and mechanical issues experienced during the drilling and completion of the second and third horizontal wells drilled in the Inga area during the second quarter of 2012. As disclosed in prior communications, during the drilling of its second horizontal well of the year at Inga, Artek encountered an over pressured and flowing uphole zone that required the Company to set intermediate casing and drill out "slim hole" limiting the horizontal lateral to 618 metres, or approximately half of the lateral distance typically drilled and correspondingly, approximately half of the fracture effort. Consequently, production from this well was proportionately lower. The third well was drilled as a horizontal re-entry of an existing vertical well, to save on drilling and onstream costs, and therefore, was conducted as a "slim-hole" operation. Mechanical difficulties were experienced early in the completion of this well, and as a result, no incremental volumes from the operation were realized during the third quarter. Remedial work on this third horizontal well is currently underway and completion of the operation is scheduled during the fourth quarter of this year.
Eight out of Artek's ten operations concluded to date, at Inga, have been executed with conventional sized hole from surface with a high degree of success and results have been strong with details provided previously and in line with management expectations. Approximately 200 boe/d of dry natural gas volumes remained shut-in during the quarter due to low natural gas prices.
During the three months ended September 30, 2012, Artek invested approximately $14.9 million in capital expenditures. The Company invested approximately $2.0 million on land acquisitions in its core operating areas and approximately $0.9 million for the construction of a sales line at Inga to a deeper cut facility, increasing Artek's liquids recovery at plant by approximately 100% from 15 bbls/mmcf to approximately 30 to 35 bbls/mmcf above and beyond the free liquids recovered at the Company's facility. The remainder of the capital was allocated to drill related operational expenditures including the acceleration of a fourth quarter operation into late third quarter. The Company drilled 2 (1.2 net) horizontal wells targeting condensate-rich natural gas at Inga resulting in production test rates of 2,335 boe/d (1,503 bbls/d of condensate) and 2,086 boe/d (1,351 bbls/d of condensate), respectively, from the Doig formation. The first horizontal well (fourth of 2012) was completed and placed on production in September. During the final six hours of a 103-hour in-line production test period, the well produced at a restricted average rate of approximately 6.7 mmcf/d of natural gas (26% load C3) and 1,503 bbls/d of condensate or a total of 2,623 boe/d, which is the equivalent of 2,335 boe/d (64% condensate) net of load at a flowing pressure of 1,118 PSI. The second horizontal well (fifth of 2012) was drilled at A16-10-88-23 W6M, which is located at the most northerly end of its Doig natural gas and condensate trend. During the final six hours of a 93-hour in-line production test period, the well produced at a restricted average rate of approximately 6.4 mmcf/d of natural gas (31% load C3) and 1,351 bbls/d of condensate or a total of 2,424 boe/d, which is the equivalent of 2,086 boe/d (65% condensate) net of load at a flowing pressure of 1,486 PSI. The well was drilled to a lateral distance of approximately 1,560 metres and was completed with a 16-stage propane fracture stimulation program and placed on production in late October. At Leduc Woodbend, the Company drilled 3 (1.2 net) vertical wells targeting Glauconite oil. These wells have been completed and are expected to be on production by mid-November.
Four of the seven 2012 planned horizontal wells at Inga are currently on production. In addition, the Company has completed the drilling of its final two horizontal wells in the program and the packer assemblies for typical twelve and thirteen stage fracs, respectively, have been set for the completions. Both of these wells are scheduled for completion by the end of November and anticipated to be on-stream between mid-November and early December. The Company continues to increase its land holdings and drilling inventory in the Inga/Fireweed area as Artek recently closed the acquisition of an additional 5 (2.5 net) sections of Doig mineral rights at the south end of its producing Doig condensate and gas trend.
At Leduc Woodbend, Artek recently completed the drilling of its fourth vertical well (0.4 net) in the Company's Glauconite oil development program, which has been completed and is expected to be on production in November. Artek will assume operatorship of the Leduc Woodbend unit and property on December 1, 2012.
All of these fourth quarter wells are targeted to be on-stream by year-end resulting in 2012 exit production forecast to be approximately 4,000 boe/d (38% to 40% oil and liquids).
Forward Looking Statements: This document contains forward-looking statements. Management's assessment of future plans and operations, future results from operations, production estimates including forecast 2012 average and exit rates, commodity mix, initial production rates, drilling plans, the volumes and estimated value of reserves, timing of drilling and tie-in of wells, number of potential drilling locations, productive capacity of new wells, estimates of shut-in production and the timing thereof, future oil and natural gas prices, capital expenditures and the nature and timing of these expenditures, closing of its bought deal financing and timing thereof, cash flow estimates and financial capacity to carry out its planned 2012 capital program may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, incorrect assessment of the value of acquisitions, failure to realize the anticipated benefits of acquisitions, the inability to fully realize the benefits of the acquisitions, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, the Company's actual results may differ materially from those expressed in, or implied by, the forward looking statements. Forward looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information but which may prove to be incorrect. Although Artek believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward looking statements because the Company can give no assurance that such expectations will prove to be correct.
In addition to other factors and assumptions which may be identified in this document and other documents filed by the Company, assumptions have been made regarding, among other things: the impact of increasing competition; the general stability of the economic and political environment in which Artek operates; the ability of the Company to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects which the Company has an interest in to operate the field in a safe, efficient and effective manner; Artek's ability to obtain financing on acceptable terms; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development or exploration; the timing and costs of pipeline, storage and facility construction and expansion; the ability of the Company to secure adequate product transportation; future oil and natural gas prices; currency, exchange and interest rates; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which the Company operates; and Artek's ability to successfully market its oil and natural gas products. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or at the Company's website (www.artekexploration.com). Furthermore, the forward looking statements contained in this document are made as at the date of this document and the Company does not undertake any obligation to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
BOE Conversions: Barrel of oil equivalent ("BOE") amounts may be misleading, particularly if used in isolation. A BOE conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel. This conversion ratio of six thousand cubic feet of natural gas to one barrel is based on an energy equivalent conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion ratio on a 6:1 basis may be misleading as an indication of value.
Test results and initial production rates: the pressure transient analysis or well test interpretation has not been carried out and thus certain of the test results provided herein should be considered to be preliminary until such analysis or interpretation has been completed. Test results and initial production rates disclosed herein may not necessarily be indicative of long-term performance or of ultimate recovery.
Artek is a crude oil and natural gas exploration, development and production company headquartered in Calgary, Alberta, Canada. Artek's shares trade on the TSX under the symbol "RTK".
Artek Exploration Ltd.
President and Chief Executive Officer
Artek Exploration Ltd.
Vice President Finance and Chief Financial Officer
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
May. 29, 2016 10:15 PM EDT Reads: 1,041
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
May. 29, 2016 10:00 PM EDT Reads: 2,397
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 29, 2016 06:00 PM EDT Reads: 1,457
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
May. 29, 2016 04:45 PM EDT Reads: 1,323
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
May. 29, 2016 04:15 PM EDT Reads: 2,598
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
May. 29, 2016 04:00 PM EDT Reads: 2,667
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
May. 29, 2016 02:00 PM EDT Reads: 2,984
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 29, 2016 01:00 PM EDT Reads: 1,990
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
May. 29, 2016 12:45 PM EDT Reads: 1,695
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
May. 29, 2016 10:30 AM EDT Reads: 1,302
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
May. 29, 2016 10:00 AM EDT Reads: 2,556
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
May. 29, 2016 09:45 AM EDT Reads: 2,043
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
May. 29, 2016 09:30 AM EDT Reads: 2,322
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
May. 29, 2016 08:15 AM EDT Reads: 2,774
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
May. 29, 2016 07:00 AM EDT Reads: 2,323
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
May. 29, 2016 06:45 AM EDT Reads: 2,970
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
May. 29, 2016 06:00 AM EDT Reads: 2,186
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
May. 29, 2016 06:00 AM EDT Reads: 1,377
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
May. 29, 2016 05:15 AM EDT Reads: 3,281
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
May. 29, 2016 04:30 AM EDT Reads: 3,271