October 2018: Fedr8 issues an update to shareholders

fedr8Fedr8 the machine learning technology developer has had a transformational 12 months. The highlights of this period include;

  • The launch of the Green Rain application analytics solution
  • The successful validation of the efficacy of Green Rain’s static source code analysis by three of the world’s largest Global footprint systems integrators.
  • Entered into commercial/ contractual negotiations with two of these Global businesses
  • Building and user training about to start on a production environment for our first paying customer
  • Developed a customisable presentation layer to suit every Partners bespoke needs
  • Leon Zackoski a US based machine learning engineer is developing a new COBOL module, opening up the world’s largest legacy software issue to Green Rain Analysis

The past year has seen Fedr8 launch a new product, Green Rain 1.0, which superseded the Argentum development product. Green Rain has been built using extensive industry feedback from proof of concept trials with the Argentum product and has an intuitive presentation layer which is more precise and usable than the Argentum product. The latest iteration of Green Rain 1.4 is now fully customisable by warning and category by end users and partners allowing the screening of analysis to even more granular depth.

This more granular analysis means that the time saved by developers to analyse as to whether to retire, rewrite or update an application before a move to cloud is now accelerated yet further. The time savings envisaged by customers in this process is weeks and even months per application analysed. In software estates that number into the thousands of applications the potential savings run into the multiple millions.

The commercial model preferred by the companies we are in discussions with is a consumption model. This would mean Fedr8 supply a blue printed technical specification for an environment for the Green Rain software to run on. This would be hosted on our partners infrastructure and they would pay for the associated ongoing running costs. The Partner would then pay a multi-year licence to use each installed platform.

Fedr8 is now confident that it will be a revenue generating company over the next six months as existing relationships and negotiations become fee paying contractual relationships and new engagements mature.

Entering a global enterprise market with a new and disruptive technology has taken longer than Fedr8 expected with sales lead times stretching to 12 months and longer and on behalf of the company I thank shareholders for their support and patience throughout this process.

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Sentient CapitalOctober 2018: Fedr8 issues an update to shareholders
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Multichannel Podcast – Brand CEO Alan Green discusses EIS & SEIS with Neil Butland of Sentient Capital

Brand CEO Alan Green discusses Sentient Capital, it’s aim’s, unique approach to investing into growth companies and future steps with director Neil Butland. Neil also explains EIS and SEIS tax breaks for investors as well as Sentient’s fundraising rounds for DragApp and Fedr8.

Link to DragApp page here

Link to Fedr8 page here

Sentient CapitalMultichannel Podcast – Brand CEO Alan Green discusses EIS & SEIS with Neil Butland of Sentient Capital
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Fedr8 CEO Damion Greef talks to Alan Green about the company’s machine learning technology and the current round of fundraising

Brand Communications CEO Alan Green talks to Fedr8 CEO Damion Greef about Green Rain, the company’s proprietary machine learning engine. Damion explains how Green Rain interrogates software code at a granular level and how the process solves the challenges faced by major institutions when moving legacy applications to the cloud. Damion discusses the the decision to move the current fundraising activities to FCA regulated technology funding specialists Sentient Capital.

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Sentient CapitalFedr8 CEO Damion Greef talks to Alan Green about the company’s machine learning technology and the current round of fundraising
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Proactive Investors – Fedr8’s Green Rain: Cloud-ready solutions from complex legacy software applications

Fedr8 Sales Director Richard Beckensall & advisor Derek Ward talk Proactive’s Andrew Scott through Green Rain, the business strategy and current fundraising via technology partners Sentient Capital and Crowdcube.

”Fedr8 came to market in 2008, initially as a consultancy firm, helping technology partners and resellers in the industry understand a bit more about cloud – how it was going to impact their revenue models”, Beckensall says.

”We’ve grown through automation of process and because of that journey we stumbled somewhat across the ability to automate the discovery process for applications”, he adds.

Discussing why Ward chose to get involved with Fedr8, he says: ”I’ve had a privileged opportunity to look at tech around the world .. and those positions lead me to being able to see what UK tech could do”.

”I got involved with UK tech particularly helping organisations I felt had brilliant ideas, really smart people and importantly people running them who’ve got the credentials of having taken businesses and scaled them”.

”In this cloud market place … the people who will win are the people who can accelerate the growth”, Ward says.

Green Rain, which launched back in September 2017, automates application discovery and helps support customers to make fast decisions, at scale and with greater efficiency.

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Sentient CapitalProactive Investors – Fedr8’s Green Rain: Cloud-ready solutions from complex legacy software applications
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Multichannel Podcast – Brand Communications CEO Alan Green discusses Fedr8 Green Rain with Neil Butland of Sentient Capital

Multichannel Podcast – Brand CEO Alan Green discusses Fedr8 and #GreenRain IT archaeology with Neil Butland of Sentient Capital.

Neil discusses Sentient Capital’s role in identifying high potential growth company investment opportunities for their HNW client base.

Looking at Fedr8, Neil explains how Green Rain works to analyse thousands of legacy applications, and how it saves a huge amount of time and money. He compares a typical coding task: a contractor on daily rate can take 40-50 days to complete analysis and coding requirements for a single app, in comparison to Green Rain, which takes just 24 hours and can run thousands of tasks simultaneously. These factors have resulted in Sentient Capital successfully completing two fundraising rounds for Fedr8 prior to the current Crowdcube fundraising campaign.

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Sentient CapitalMultichannel Podcast – Brand Communications CEO Alan Green discusses Fedr8 Green Rain with Neil Butland of Sentient Capital
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Brand Communications CEO Alan Green talks to Fedr8 director Richard Beckensall re the Crowdcube campaign & #GreenRain

Brand CEO Alan Green talks to Richard Beckensall, Sales Director at Fedr8 (fedr8.com) about the current fundraise at Crowdcube. Richard looks in detail at Fedr8’s flagship #GreenRain product, and explains the process of machine learning and source code analytics. He also explains how for large corporates, Green Rain accelerates the transformation of multiple legacy software applications into a fully digital cloud based solution.

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Sentient CapitalBrand Communications CEO Alan Green talks to Fedr8 director Richard Beckensall re the Crowdcube campaign & #GreenRain
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Brand Comms CEO Alan Green talks Eland Oil & Gas #ELA, Cadence Minerals #KDNC & Fedr8 Green Rain on Vox Markets podcast

Brand CEO Alan Green talks Eland Oil & Gas #ELA, Cadence Minerals #KDNC & Fedr8 Green Rain with Justin Waite on the Vox Markets podcast. The interview is 34 minutes in.

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Sentient CapitalBrand Comms CEO Alan Green talks Eland Oil & Gas #ELA, Cadence Minerals #KDNC & Fedr8 Green Rain on Vox Markets podcast
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Fedr8 has signed transformation consultancy TORI Global as a new partner

fedr8Fedr8 has signed transformation consultancy TORI Global as a new partner for its ground breaking product Green Rain.

Fedr8, the machine learning application analysis company, announces that TORI Global has joined the Green Rain partner programme. The Green Rain solution by Fedr8 automates application discovery, revolutionising how its customers leverage value across their custom application estates. Green Rain ignites transformational change using machine learning to bring a deep understanding of application genetics into the enterprise arena, supporting customers in making decisions at speed, at scale and with ever improving efficiency.

Tori Global, the award-winning transformation consultancy, has extensive experience in delivering large scale change, strategy execution, operational transformation, customer and client value, and organisation and leadership development. TORI Global has recognised that in order to deliver trusted change programs at speed and at scale they must look to automation that delivers accurate and complete results on demand. TORI Global will now use Green Rain to help deliver the “forensic analysis” that will allow its consultants to address the most complex applications and deliver new outcomes around Platform as a Service, Containers and Cloud Native.

Commenting on the partnership, Derek Ward, Executive VP said: “Green Rain has only recently been launched and we at Fedr8 are delighted that TORI Global sees immediate value to both new and existing clients. Green Rain’s unique machine learning insights will assist TORI Global in offering a truly differentiated value-added service. Only when you understand an application can you truly ask any question, and only when you understand an application can you displace the resources and costs associated with making decisions at scale and at pace. Together we will help customers accelerate the performance and value of their custom application estate.”

Contacts:

Damion Greef, CEO
Tel. 07823328816
Email. info@fedr8.com

Richard Beckensall, UK sales Director
Tel. 07555 323321
Email. info@fedr8.com

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Sentient CapitalFedr8 has signed transformation consultancy TORI Global as a new partner
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Fedr8 signs digital transformation consultancy SystemsUp as new partner for Green Rain

Date: 3.10.2017

fedr8Fedr8 has signed digital transformation consultancy SystemsUp as a new partner for its ground breaking product Green Rain

Fedr8, the machine learning application analysis company, announces that SystemsUp has joined the Green Rain partner programme. The Green Rain solution by Fedr8 automates application discovery, revolutionising how its customers leverage value across their custom application estates. Green Rain ignites transformational change using machine learning to bring a deep understanding of application genetics into the enterprise arena, supporting customers in making decisions at speed, at scale and with ever improving efficiency.

SystemsUp, the digital transformation consultancy which is part of managed cloud services provider iomart, has significant experience in delivering complex migrations to Infrastructure as a Service (IaaS) on either Microsoft Azure or Amazon Web Services. SystemsUp has recognised that the IaaS approach does not suit all applications or all the outcomes desired by its clients. In order to deliver greater value, SystemsUp will now use Green Rain to help deliver the “forensic analysis” that will allow its consultants to address the most complex applications and deliver new outcomes around Platform as a Service, Containers and Cloud Native.

Commenting on the partnership, Derek Ward, Executive VP said, Green Rain has only recently been launched and we at Fedr8 are delighted that SystemsUp sees immediate value to its existing clients. Green Rain’s unique machine learning insights will assist SystemsUp in offering a truly differentiated value added service. Only when you understand an application can you truly ask any questions, and only when you understand an application can you displace the resources and costs associated with making decisions at scale.”

Nick Martin Managing Director, SystemsUp added,Our clients are looking for ways to accelerate the performance and value of their applications in a hugely competitive landscape. The partnership with Green Rain from Fedr8 enables us to give them a real edge in terms of decision making and improving their business outcomes.”

Contacts:

Damion Greef, CEO

Tel. 07823328816

Email. info@fedr8.com

 

Richard Beckensall, UK sales Director

Tel. 07555 323321

Email. info@fedr8.com

Web. www.fedr8.com

Green Rain circumvents the limitations of a rule based system to expose not only the genetic construct of an application, but the meaning and relationships embedded within the code.

Green Rain works by using its proprietary artificial intelligence engine which interrogates software at a code level allowing the code in that software to be analysed producing actionable information at scale. 50% of enterprise organizations have over 500 software applications written in multiple programming languages across their global estates. This Enterprise is Fedr8’s primary market. Fedr8 are in the business of assisting digital transformation to enable Enterprise businesses to optimize technology advancements. Our mission is to support our customers in embracing the business benefits of the adoption of the Digital Economies through accelerated adoption of Cloud Environments.

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Sentient CapitalFedr8 signs digital transformation consultancy SystemsUp as new partner for Green Rain
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Fedr8 – The Digital Transformation Company provides an investor update

Date: 07.08.2017

fedr8The Digital Transformation Company

Fedr8, the Gartner cool vendor, provides an update to investors

Background to Fedr8

Fedr8 has developed, over several years, a software solution that automates static source code analysis. This software uses machine learning engines to uncover the technical DNA of software applications that it analyses. This machine learning analysis helps solve one of the largest inhibitors to enterprise adoption of the Cloud which is legacy application modernisation.

As Digital Transformation comes to the fore in the enterprise these companies face a major challenge to modernise their existing applications. Gartner, one of the Global research companies, estimates this Cloud market will grow to $383B by 2020 fuelled by transformational technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT).

This shift to Cloud and agile development practices is one of the most pressing problems for IT departments within the world’s largest companies. Fedr8’s software delivers the required business case information that allows them to make the right financial and technical decisions about their applications the numbers of which typically run into the tens of thousands.

Since 2014 Fedr8 has raised £1.325m through the issue of new shares as it has developed and tested its machine learning software and the market in which it hopes to sell into. This development and customer-testing phase is now at an end and Fedr8 expects to launch its commercial product, Green Rain, in the first week of September 2017.

Highlights of the last 6 months:

  • Launch of the Enterprise Partner Programme
  • Completion of multiple paid for beta trails and proof of concepts with some major brand names.
  • Validation of the Fedr8 machine learning engine
  • Energising the customer experience using flexible and intuitive Business Intelligence platforms
  • Change to the deployment process to make it easier to deploy across multiple customers simultaneously
  • Green Rain product to be launched during the first week of September, offering a more tailored solution to individual customer needs. Added key functionality for Microsoft & Docker the containerisation platform
  • Data delivered in a modular way to suit the specific use cases for enterprise customers with both Cloud and containerisation taking centre stage
  • Mike Welling ex-CEO AppDNA has taken on product ownership and the development team

Partner programme launch

Fedr8, is pleased to announce that its Enterprise Partner Programme has been launched and that it has signed its first partners which include Microsoft, Red Hat and Docker. The Fedr8 Enterprise Partner Programme is open to Partners working with multinational companies of global scale.

Further partner contracts to support our partners preferred delivery of Fedr8’s analytics suite are currently with other potential partners legal teams and Fedr8 expects to sign up further major partners over the coming weeks and months.

Technical validation

The efficacy of the Fedr8 machine learning platform has been validated with trials with major multinational end user customers on commercial terms. Through this process it became clear to scale the business effectively we must adapt our delivery mechanism to suit our major partners’ desired hosting solutions.

As Fedr8 has showcased its Green Rain product to these Global System Integrators and enterprise end user customers it has become clear that there will be 3 separate delivery models for the software:

1. Via the Fedr8 SaaS (software as a service) delivered Cloud based platform

2. Via a private enterprise subscription to a Cloud provider

3. As an on-premise solution that sits behind the customer or partners’ private firewalls

The present engineering team and engineering resource needs to be expanded to deliver to our partners a scalable private instance or private cloud environments. This development resource and development roadmap has delayed major sales as we develop a robust and scalable mechanism for implementation and support of the very largest partners and their customers. Commercial discussions will be re-started with the major companies and partners who have been testing and helping with the re-development and launch of the new Green Rain product in September.

Alignment with Microsoft

In the past 12 months Microsoft has changed its cloud native Azure focus, this strategic change has made Microsoft more relevant and extensible with other technologies and cloud platforms. As a result, Fedr8 has made a strategic decision to embed and integrate with a number of Microsoft technologies in order to deliver greater value and better experience to our clients and have greater relevance to our partner Microsoft. The flexibility and capabilities of the presentation layer to both the customer and to the Fedr8 engineering team will give us the scalability to deliver results that are deeper and more meaningful to our clients.

The partnership with Microsoft will offer additional opportunities to deliver more value with integration to Microsoft developer tools and the opportunity to deliver the Fedr8 software via the Microsoft Azure Marketplace offering Fedr8 a significant ability to address a large global market.

Docker

Related to the Microsoft partnership is the development of a partnership with Docker the Enterprise Container company. Docker have recently introduced a subscription based Enterprise Edition of their software making it more attractive to the larger Enterprises and the sort of organisations that Fedr8 deal with, in turn they have built a strategic relationship with Microsoft to deliver their Container technology from Windows based servers and via Azure. As part of the ongoing development of the Fedr8 software we are developing specific application insights to help customers adopt Containers.

Mike Welling and Launch of Green Rain

The functionality and performance enhancements of Green Rain have been driven from detailed feedback from our early adopter customers and proof of concept trials. These trials did not develop into major commercial recurring revenue contracts but all the customers and trialists asked for either more granularity of analysis or for new elements to be added to the functionality of the Fedr8 suite. Mike Welling has come into the business to deliver to the potential customers the product they want. The current baseline performance improvements have increased application run time through the Fedr8 system by 70% on the largest and most complex applications. Using the new technical architecture Fedr8 is now confident that it can deliver actionable outputs quickly across hundreds of concurrent applications.

The Board is now confident it can return to sales conversations with partners and customers and deliver against customer expectations.

Contacts:

Damion Greef, CEO

Tel. 07823328816

Email. info@fedr8.com

Notes to editors:

Fedr8’s software solves one of the major IT problems in the world today: How does a major international company move to the cloud and capitalize on the efficiencies and economies that the cloud brings? The shift to cloud technologies and the digital transformation projects undertaken by large enterprise organizations pose many challenges, there are the unknown figures relating to cost and time for migration or transformation. In addition, there are unknown risks relating to relocating or changing the applications that support their businesses. Fedr8 reduces the risk in legacy software applications, identifies the most appropriate cloud to move to, accelerating the application analysis by 90% whilst significantly reducing the costs by 50%.

Fedr8 solves this problem using it’s proprietary artificial intelligence engine which interrogates software at a code level allowing the code in that software to be changed to suit the major cloud companies’ cloud platforms. 50% of enterprise organizations have over 500 software applications written in multiple programming languages across their global estates. This Enterprise is Fedr8’s primary market. Fedr8 are in the business of digital transformation to enable Enterprise businesses to optimize technology advancements. Our mission is to support our customers in embracing the business benefits of the adoption of the Digital Economies through accelerated adoption of Cloud Environments. 

https://news.microsoft.com/2014/11/12/microsoft-takes-net-open-source-and-cross-platform-adds-new-development-capabilities-with-visual-studio-2015-net-2015-and-visual-studio-online/#EvVKxb46b9WVPE70.97

https://azure.microsoft.com/en-gb/blog/microsoft-joins-the-new-dc-os-open-source-project/

Microsoft contributes to open ecosystem by joining Linux Foundation and welcoming Google to the .NET community

Microsoft announces new tools and services to help developers modernize existing apps and build more intelligent ones, on every platform, for every platform

Docker Announces Commercial Partnership with Microsoft to Double Container Market by Extending Docker Engine to Windows Server

http://stackalytics.com/?project_type=docker-group&metric=loc&release=all

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Sentient CapitalFedr8 – The Digital Transformation Company provides an investor update
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