VANCOUVER BC / TheNewswire / November 8, 2016 -- Eight Solutions Inc. (TSXV: ES) ("Eight" or the "Company") is pleased to announce a major entertainment customer has renewed its Cumul8 license for another year of design and support.
Eight Solutions continues to focus on developing and selling its Cumul8 platform into both the Entertainment and Forestry sectors. In addition to this major Hollywood client, Eight Solutions is seeing increased interest in Cumul8 by other significant Hollywood businesses.
"Cumul8's use in the Entertainment sector started our push into big data visual narratives", says Rory Armes, Eight Solutions' CEO, "and it is exciting to see this product take on some serious digital media challenges with its elegant, yet powerful solution. I am looking forward to just how far this tool can expand into helping manage and move digital assets throughout the Entertainment industry in Hollywood and other markets".
Today, the Cumul8 platform in the Entertainment sector has over 2000 users, 1.5 petabytes of stored and managed data, and 100+ million files managed. The use of Cumul8 in Entertainment helps solidify Eight Solutions' overall Cumul8 Big Data platform as a raw data transformation system where data is stored safely and then articulated into an appropriate big data narrative.
The Company has increased its operating line facility with the Royal Bank of Canada from $900,000 to $1,800,000 on the same terms as the existing operating line facility, including an increase by Export Development Canada of its credit insurance policy on the loan from $1,0000,000 to $2,000,000. Proceeds of the loan will be used for general working capital purposes. |