RE:Pivot Adds AIOps Leader Moogsoft as Strategic Partner Alert from TDW:
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Pivot Technology Shares Close at Day Low for Near 1% Loss; But May Get Boost Friday as Co Adds AIOps Leader Moogsoft as Strategic Partner
2017-09-14 05:16:35 PM ET (MT Newswires)
05:16 PM EDT, 09/14/2017 (MT Newswires) -- Shares in Pivot Technology Solutions (PTG.TO), a full-service information technology provider, ended trading Thursday at the intra-day low of $2.32 for a 0.9% loss from the previous close, shortly after touching an intra-day high of $2.35 too. The company then said after market hours that one of its subsidiaries has formed a strategic partnership with Moogsoft, a market leader in artificial intelligence for IT operations.
Moogsoft's AIOps platform utilizes patented algorithms to transform the way companies monitor, detect, analyze and collaborate to address customer-impacting service incidents.
"By partnering with Moogsoft, Pivot adds powerful automation capabilities to our solutions portfolio that materially improve performance and lower costs for IT operators and developers," said Pivot EVP Sales and GM of Canada, John Conner, in a statement.