02:58:55 EDT Tue 14 May 2024
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Edge Total Intelligence Inc
Symbol CTRL
Shares Issued 18,993,459
Close 2023-05-09 C$ 1.00
Market Cap C$ 18,993,459
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Edge Total, forms JV with Grokstream

2023-05-09 18:45 ET - News Release

Mr. Jim Barrett reports

EDGET AND GROKSTREAM FORM STRATEGIC AIOPS PARTNERSHIP TO EXPEDITE AI-DRIVEN TRANSFORMATION IN IT OPERATIONS

Edge Total Intelligence Inc. (edgeTI) and Grokstream LLC have formed a strategic partnership to expedite artificial-intelligence-driven transformation in IT operations by providing Grok AIOps users an intuitive user experience to understand and act on Grok insights.

The strategic partnership leverages edgeTI's edgeCore platform to: a) expand integrations with enterprise IT management applications, b) orchestrate automation and work flow engines, and c) drive greater user acceptance through intuitive user experiences. edgeCore's secure interaction layer allows innovative AI offerings such as Grok AIOps to securely ingest data from virtually any IT operations (ITOps) solution to reduce mean time to identify (MTTI) and mean time to resolve (MTTR) resulting in a three to five times increase in ROI (return on investment) for all ITOps solutions in use.

Grokstream chief executive officer Casey Kindiger explains that: "There are various types of AI offerings in the market, and Grok AIOps represents the only solution that fully leverages AI to transform IT and network operations. Unlike rules-based and analytics-based AIOps solutions, Grokstream's true AI-driven approach is efficient and effective, automatically adapting to changes in customer environments without the use of rules or offline training and analysis."

As a leading provider of digital operations, edgeTI has partnered with Grokstream to deliver a scalable AIOps experience that allows IT and network infrastructure to be resilient, pro-active and even self-healing. This partnership will provide a powerful solution to the central challenges of IT operations in the new landscape, enabling organizations to optimize their operations and stay ahead of the curve.

Under the partnership, Grokstream has licensed edgeCore to accelerate the adoption of its self-healing AIOps solution. The two companies are developing a combined offering that they will co-market to their respective customer bases.

"We are thrilled to have Grokstream join our growing family of AI-powered solutions that are enabled for greater success by our edgeCore platform," added Jim Barrett, chief executive officer of edgeTI. "The AIOps space is well-known to us, as are the founders, making this an excellent fit."

About Edge Total Intelligence Inc.

Edge Total Intelligence helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore, which unites multiple software applications and data sources into one immersive experience. Global enterprises, service providers and governments are more profitable when insight and action are united to deliver fluid journeys through the platform's low-code development capability and composable operations. With edgeCore, customers improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology and cross-domain operations -- helping them achieve the impossible.

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