Chiropractor in Wayside, NJ

Eastern DataComm: Eastern DataComm (Hackensack), which offers communication solutions for businesses, schools and municipalities in New Jersey and the New York metropolitan area, announced that the United States Patent and Trademark Office has issued a patent for an element of Eastern DataComm’s proprietary Lockdown and Emergency Notification System (LENS).

LENS incorporates this patented technology to more effectively allow schools, libraries, municipalities or businesses to immediately and automatically notify everyone inside and outside a building of an emergency.

Components of the comprehensive and uniquely designed notification solution include flashing strobes/lights, LED sign boards, paging system announcements, phone system and PC alerts, calls to 911 and key administrators, as well as wireless strobes/lights and speakers.

Eastern DataComm’s proprietary controller connects these components, which can be activated during an emergency by dialing a code on any phone within the building, pushing a “mushroom-style” lockdown plunger button in key locations, or by using an administrator’s smart phone app.

Wayside Technology Group: Wayside Technology Group, an international technology channel company that markets hardware and software, directly and through resellers, to technology professionals worldwide, announced the launch of their new redesigned website and brand refresh. This comes shortly after their corporate headquarters relocated from Shrewsbury into a new 20,000-square-foot facility in Eatontown.

The major changes to the website include a new responsive user-friendly interface that allows users of MACs or PCs, desktops or mobiles, to navigate more easily through the site’s content pages. There’s also the addition of a culture aspect section, with the goal of attracting top talent, particularly millennials, seeking jobs in the central New Jersey area.

“We’re confident that the aesthetic redesign will provide a more engaging, comprehensive and user-friendly experience for visitors. We also believe the site redesign reflects us as the innovative and modern company Wayside Technology Group prides itself as being, and is reflective of the direction we are heading as a company,” stated Simon Nynens, chairman and CEO of Wayside Technology Group.

SHI: SHI International Corp., a private, woman-owned New Jersey tech company based in Somerset, and one of North America’s top 15 largest IT solutions providers, ended 2016 with $7.56 billion in revenue, a 12 percent year-over-year increase.

Domestically, all SHI sales divisions experienced significant growth, led by a 16 percent gain for the Corporate and SMB division, 13 percent for Public Sector, and 8 percent in the Commercial and Strategic Enterprise space. Strong growth outside the U.S. continued, led by a 22 percent increase in the United Kingdom division, according to a press release.

The company topped 3,500 employees in 2016 and earned 10 major awards recognizing its culture, successful partnerships, service and success, including seven partner-of-the-year awards, as well as top employer honors from Forbes (America’s Best Employers 2016) and the Austin American-Statesman (Top Workplaces 2016).

SHI also celebrated the opening and first full year of operations of its Integration Center (Piscataway), which doubled its warehousing and hardware-configuration capacity. In December, SHI had soft-launched its Customer Innovation Center, a “sandbox” data center on the main SHI campus, in Somerset. The center will let customers review newly released technology and test hardware, software and data center solutions from any partner in a simulated, secure environment, the company stated.

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EATONTOWN, N.J., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ: WSTG) (“Wayside” or the “Company”), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, is announcing a corporate rebrand from Wayside Technology Group to Climb Global Solutions, effective October 31, 2022.

“Growing the Climb brand at a global scale has been a key initiative across the organization,” said Dale Foster, CEO of Climb Global Solutions. “Brand recognition with a high-touch, customer service focus is important as our business grows internationally. We pride ourselves in performing at an exceptional level while continuing to ensure the success of our partners, team members and stakeholders. Changing our public company name from Wayside Technology Group to Climb Global Solutions will allow us to promote one uniform brand that is recognizable to our investors, vendors and customers across our global footprint. This type of brand consistency demonstrates our commitment to a simple and efficient way of promoting the Company through a cohesive global strategy.”

The Company’s stock ticker symbol will change from “WSTG” to “CLMB” on the Nasdaq stock exchange and will commence trading under the new symbol on October 31, 2022. The Company’s CUSIP number will remain unchanged, and certificates representing common shares of the Company will not be affected and will not need to be exchanged. There is no action required from current stockholders.

About Wayside Technology Group

Wayside Technology Group, Inc. (NASDAQ: WSTG) is a value-added global IT distribution and solutions company specializing in emerging and disruptive technologies. Wayside operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and CloudKnowHow. The Company provides IT distribution and solutions for emerging companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

Additional information can be found by visiting www.waysidetechnology.com.

Forward-Looking Statements

The statements in this release, other than statements of historical fact, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are intended to come within the safe harbor protection provided by those sections. These forward-looking statements are subject to certain risks and uncertainties. In this press release, many of the forward-looking statements may be identified by words such as “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include, without limitation, the continued acceptance of the Company’s distribution channel by vendors and customers, the timely availability and acceptance of new products, product mix, market conditions, contribution of key vendor relationships and support programs, inflation, as well as factors that affect the software industry in general and other factors. Currently, one of the most significant factors, however, is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the Company, the global economy, and financial markets. The extent to which COVID-19 impacts the Company will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, including the impact on the Company’s reseller partners and the end customer markets they serve, among others. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described in the section entitled “Risk Factors” contained in Item 1A. of our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and from time to time in the Company’s filings with the Securities and Exchange Commission.

Company Contact

Drew ClarkChief Financial Officer(732) 389-0932drew@waysidetechnology.com

Investor Relations Contact

Sean Mansouri, CFAElevate IR(720) 330-2829WSTG@elevate-ir.com

Acquisition Expands Wayside’s Reach in EMEA and Strengthens Product Offerings in Storage, Cloud, Security and Data Management

Transaction Expected to be Accretive to Gross Margin and EPS

Spinnakar Founder and CEO Gerard Brophy to Join Company as a Managing Director

EATONTOWN, N.J., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ: WSTG) (“Wayside” or the “Company”), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, has completed the acquisition of Spinnakar Limited (“Spinnakar”), a UK-based IT channel distributor, for an aggregate purchase price of $11.8 million (£9.8 million) payable at closing (subject to working capital and other adjustments), plus a potential post-closing earn-out. The Company funded the acquisition of Spinnakar utilizing cash from the Company’s balance sheet.

Spinnakar is a UK-based, IT channel distributor focused on storage, cloud, security and data management businesses across Europe, the Middle East and South Africa (“EMEA”). Spinnakar brings scale and channel expertise to Wayside with more than 15 vendor partners, including Cloudian, Deep Instinct, Rubrik, Virtuozzo and most notably, Vast Data, a universal data platform providing simple, affordable and fast scaling data and storage capabilities. For the trailing twelve months ended July 31, 2022, Spinnakar reported pre-tax income of $2.0 million¹ (£1.5 million²).

Founder and CEO of Spinnakar, Gerard Brophy, will continue to lead and scale Spinnakar’s EMEA business and will seamlessly integrate with Wayside's European business units, Climb UK and Grey Matter. Wayside anticipates various operating synergies and improvements for vendor recruitment and expansion in EMEA and across the globe. Mr. Brophy is a seasoned executive and brings a strong track record of success in the IT channel, including his leadership role at BigTec, which was acquired by Exclusive Networks, in addition to his deep relationships with various vendor partners throughout the EMEA region.

“Spinnakar’s founders have a proven pedigree of over 40 years in building successful IT distribution businesses and bringing emerging vendors to market, where they have experienced exceptional growth,” said Wayside CEO Dale Foster. “Their European line card includes several vendors that we represent in the US, while also bringing several new key vendors such as Vast Data that provide significant cross-sell opportunities. Their deep knowledge and expertise in storage, cloud, security and data management match up seamlessly with our key verticals of focus. We expect this acquisition to be accretive to gross margin and net income, boosting both growth and profitability going forward.”

Commenting on the acquisition, Spinnakar Founder and CEO Gerard Brophy stated: “We are thrilled to combine with the Climb and Grey Matter UK teams and look forward to scaling the integrated business across EMEA. Both organizations have very similar DNA with our focus on emerging technology products and services. As a new member of the team, I plan to further expand our line card through our combined expertise and shared vision of bringing new, innovative companies to market through our global network.”

Additional information regarding the acquisition is available on our Current Report on Form 8-K filed with the Securities and Exchange Commission on August 18, 2022.

About Wayside Technology Group

Wayside Technology Group, Inc. (NASDAQ: WSTG) is a value-added global IT distribution and solutions company specializing in emerging and disruptive technologies. Wayside operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and CloudKnowHow. The Company provides IT distribution and solutions for emerging companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

Additional information can be found by visiting www.waysidetechnology.com.

About Spinnakar

Spinnakar is a specialty distributor focused on bringing the top emerging technologies for Cloud, Data Centre and Security to the EMEA market. Spinnakar is a team of successful individuals who are redefining the value of distribution by offering a new approach to distribution. For their vendors they provide a footprint, scale, local knowledge and true partnership into the EMEA market through channel and end user relationships. Spinnakar has recognized that data, Cloud Management, Security and skilled services are major challenges for enterprises as they strive for a truly hybrid strategy. Our founders have a proven pedigree of over 40 years in building successful distribution businesses and bringing vendors to market, where they have experienced unprecedented growth.

Forward-Looking Statements

The statements in this release concerning the Company’s future prospects are forward-looking statements that involve certain risks and uncertainties. In this press release, forward-looking statements can be identified by words such as “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include, without limitation, the continued acceptance of the Company’s distribution channel by vendors and customers, the timely availability and acceptance of new products, product mix, market conditions, contribution of key vendor relationships and support programs, inflation, as well as factors that affect the software industry in general and other factors. Currently, one of the most significant factors, however, is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the Company, the global economy, and financial markets. The extent to which COVID-19 impacts the Company will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, including the impact on the Company’s reseller partners and the end customer markets they serve, among others. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described in the section entitled “Risk Factors” contained in Item 1A. of our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and from time to time in the Company’s filings with the Securities and Exchange Commission.

Company Contact

Drew ClarkChief Financial Officer(732) 389-0932drew@waysidetechnology.com

Investor Relations Contact

Sean Mansouri, CFAElevate IR(720) 330-2829WSTG@elevate-ir.com

___________________¹ Amount converted from GBP to USD based on average exchange rate during the 12-month period ended July 31, 2022.

² Amount derived from the filed Annual Report of Spinnakar Limited as of January 31, 2022, and the internal financial statements prepared by management of Spinnakar Limited, in accordance with United Kingdom Generally Accepted Accounting Practice.

Synchronoss Technologies: Synchronoss (Bridgewater) reported strong Q2 2015 results that met or exceeded the high end of its expectations, Stephen Waldis, founder, chairman and CEO, said in a release on Wednesday, July 29.

“Each of our businesses performed well in the quarter and we were pleased to see some of our new wins began to scale and drive volumes, particularly on the cloud side. We are gaining strong traction among international mobile operators who are increasingly realizing the significant value Synchronoss’ white-label cloud solution can deliver to their subscribers.”

On the basis of generally accepted accounting practices (GAAP) basis, Synchronoss reported net revenues of $137.8 million, representing an increase of 33 percent compared with Q2 2014. Gross profit was $82.9 million and income from operations was $23.6 million in Q2 2015. Net income was $15.2 million, resulting in diluted earnings per share (EPS) of $0.33, compared with $0.20 for Q2 2014.

On a non-GAAP basis, Synchronoss also reported net revenues of $137.9 million, again a growth of 33 percent compared with Q2 2014. From a profitability perspective, the company generated a 29 percent non-GAAP operating margin and non-GAAP diluted earnings per share of $0.56, Waldis said in a conference call transcribed by Seeking Alpha.

He added that this “was well above the high-end of our guidance range as we realize leverage from our business model. The combination of R&D investments, the strong growth in our cloud revenues, which have a higher margin profile, and the evolution of our cloud business to a lower CapEx intensive model are beginning to contribute to increased margin expansion and profitability. And based on our second quarter results and the ongoing momentum of our business, including the continued strength in both our cloud and activation offerings, we are increasing our revenue and materially increasing our profitability outlook for fiscal 2015.”

Synchronoss has recently been mentioned as a possible buyout candidate. According to an article by O’Neill Trader on Seeking Alpha, however, “Management [said during its] Q2 call that they ‘don’t speculate on false rumors.’ The ‘false’ part of the statement is telling and I see no real reason to consider such an option at the moment.”

Cognizant: Teaneck-based Cognizant’s Q2 2015 sequential revenue increase in dollar terms “was the strongest in our history,” said CEO Francisco D’Souza in a release.

“These results validate that our business strategy and our investments position us well to capture the emerging opportunities as clients look to transform into digital businesses. We increasingly work with our clients to help them re-imagine their businesses and build new capabilities to succeed in the digital era.”

Some highlights from the Cognizant announcement:

The revenues of $3.09 billion in Q2 2015 represented a rise from $2.52 billion in Q2 2014. GAAP net income was $420.1 million in Q2 2015 (or $0.68 per diluted share), compared with $371.9 million (or $0.61 per diluted share) in Q2 2014.

The GAAP operating margin for Q2 2015 was 17.7 percent. The non-GAAP operating margin was 20.2 percent, slightly higher than the company’s target range of 19-20 percent.

Cognizant increased its guidance for Q3 2015 and for fiscal 2015 overall.

Wayside Technology: Wayside Technology Group (Shrewsbury) reported very good Q2 2015 earnings results, according to information released on July 30. “I am pleased to report solid financial results for Q2 2015. Overall, revenue increased 9 percent and Gross Profit increased 5 percent over the same period last year, due to continued strong performance from our Lifeboat Distribution team,” Simon F. Nynens, chairman, president and CEO, said in a release. The company opened a Lifeboat Distribution sales office in Mesa, Arizona, to enhance customer service for their Midwest and West Coast customers.

Net sales for Q2 2015 ended June 30, 2015, increased 9 percent, or by $7.6 million to $92.0 million, compared with $84.4 million for the same period in 2014. Total sales for Q2 2015 for the Lifeboat Distribution segment were $81.3 million, compared with $70.0 million in Q2 2014, representing an increase of $11.3 million, or 16 percent.

Wayside’s TechXtend business has declined, however. Total sales for Q2 2015 for the TechXtend segment were $10.7 million, compared with $14.4 million in Q2 2014, representing a decrease of $3.7 million, or 26 percent.

On July 29, 2015, the Board of Directors declared a quarterly dividend of $.17 per share of its common stock, payable August 17, 2015, to shareholders of record on August 10, 2015.

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The Garden State Parkway Exit 105 reconfiguration project will begin by the "end of summer," according to New Jersey Turnpike Authority Spokesman Thomas Feeney.

The project will also feature one change in response to local concerns. A left-turn lane and traffic signal will be added at the intersection of Wayside Road and Pinebrook Road. This is being done to help ease traffic concerns from the increased amount of people expected to use Wayside Road.

The $40 million project will completed in two contracts.

The first contract will include the reconstruction of Exit 105 at the intersection of Hope Road and Route 36.

Find out what's happening in Little Silver-Oceanportwith free, real-time updates from Patch.

The main improvement at the Hope Road intersection will include a new ramp from the parkway north exit that would run between a neighboring hotel and the park and ride, and empty out onto Hope Road. Hope Road also will be widened north and south of Route 36, with new traffic signals installed.

This will let drivers headed toward Hope Road avoid the Route 36 bottleneck that exists now from cars exiting the parkway and turning right onto Hope Road or taking the jughandle to go on Hope Road north.

Cars headed to Hope Road north will also take this new ramp south of Route 36 and then make a left onto Hope Road at the new light and proceed to cross over Route 36, without having to bother with the jughandle.

From this same area south of Route 36, there will also be a new lane that would take drivers headed toward the Monmouth Mall from Hope Road in Tinton Falls, through the woods and onto Route 36 east, completely avoiding the now-congested intersection of Hope Road and Route 36.

The existing ramps from the parkway south will also be widened and the jughandle will remain.

The second contract will include the construction of a new southbound connection to Wayside Road and the construction of a second northbound deceleration lane.

New Jersey Turnpike Authority officials have said this willbe done improve access to Route 18 and will help ease congestion at the Hope Road/Route 36 intersection.

When the new ramp reaches Wayside Road, a traffic light will be placed at the intersection and motorists will be able to make a left or right turn.

Officials have said the contracts' start times will be staggered with the Hope Road/Route 36 improvements beginning first with a construction duration of about one year. The Wayside Road connection and deceleration lane will be started second and construction will likely last for about two years.

They have said the roads will likely be widened to accommodate the increased summer traffic and that construction should take place after "peak hours."