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Recent Press Releases
August 14, 2014
SAVI RESPONDS TO UNWARRANTED EEOC CLAIMMore »
On August 7, 2014 the Equal Employment Opportunity Commission (EEOC) issued a press release stating that it had sued Savi Technology for pregnancy discrimination in violation of Title VII of the Civil Rights Act of 1964. While it is generally Savi’s policy not to comment publicly on legal matters, in this case the EEOC has misrepresented events, and the allegations in its press release omitted several key facts. Most notably, the release claimed that Savi rescinded a job offer upon discovery that an applicant recently had given birth. In fact, Savi was fully aware that the applicant had recently given birth prior to the company extending the job offer, and the decision to rescind the offer had absolutely nothing to do with the applicant’s gender, the fact that she had recently given birth, or her medical condition.Read full release »
May 7, 2014
SAVI ENGINEERS REMARKABLE COMPANY TURNAROUND IN 2013; CARRIES PROFITABILITY & STRATEGIC MOMENTUM INTO 2014More »
In its first year since becoming privately held, Savi has orchestrated a remarkable turnaround that exceeded all expectations in 2013 and created a wave of momentum and growth that continues in 2014. The transformation occurred in all areas of the business and included major additions to the company’s management team, an aggressive new product development and launch schedule, new strategic partnerships, and the transfer of operating functions from California to Alexandria, VA. Financial evidence of the across-the-board success was best seen in the $13 million EBITDA improvement from 2012 to 2013, and a return to profitability.
“At the start of 2013 we focused Savi’s activities around two key objectives: completing our transition to an independent, vibrant, stand-alone company and putting the company on a path to profitability and long-term success by bringing new sensor analytic solutions to market,” said Bill Clark, President & CEO, Savi. “We exceeded both of these goals and positioned Savi to leverage the growing demand for our sensor analytic solutions in the $15B big data analytics market, currently growing at 27% CAGR.”Read full release »
April 29, 2014
SAVI INSIGHT BRINGS THE POWER OF SENSOR ANALYTICS TO THE INTERNET OF THINGSMore »
Signaling a new era in big data analytics, Savi® today launched Savi Insight™, the first-ever cloud-based sensor analytics solution for the Internet of Things (IoT). Savi Insight gives executives, line managers and business analysts immediate and unprecedented access to sophisticated, powerful analytics that transform sensor and other machine-generated data into real-time operational intelligence. Savi Insight’s innovative combination of predictive modeling and visualizations accelerate decision-making, identify and help mitigate unforeseen risks, and improve operational performance and profitability.
Savi Insight collects and correlates vast amounts of sensor and machine-generated data and mashes it with information from enterprise systems and independent data sources such as weather, traffic and social media. With easy to understand visualizations, Savi Insight makes every individual in an organization a ‘knowledge-worker’ without the requirement of being a data scientist or business analyst.Read full release »