Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
ANNAPOLIS, Md., Aug. 22, 2017 -- South River Technologies, Inc. (SRT) today announced its financial results for the first half of 2017. SRT achieved a 35.8% growth in total income in the first half of 2017 over the same period last year. Gross profits grew by 42% for the same period.
Comparing the second quarter of 2017 to the previous year, SRT realized total income growth of 38.7%, accomplishing a fifth consecutive quarter of growth. The company attributes the growth to an increase in enterprise level sales, along with OEM licensing partnerships for the company’s WebDrive drive mapping technology.
“While the trend of increased enterprise sales continues for SRT, we are also achieving growth by licensing our core technologies to leading SaaS providers,” says Michael Ryan, CEO of SRT. “As businesses realize the need for a truly collaborative solution, traditional enterprise file sharing services are looking to mature, workforce-tested technologies like WebDrive to fill that gap.”
SRT has previously licensed technology to Novell Networks, France Telecom, and XDrive, which was later acquired by AOL.
About South River Technologies
South River Technologies, or SRT, is an innovator in secure file management software. The company's software allows users to access, manage, and share files over the internet in order to automate and streamline business processes and to improve productivity. SRT pioneered the internet drive mapping technology used in WebDrive, which enhances customers' existing applications. Customers in 145 countries use SRT's software to make remote file access and collaboration more efficient for their customers, partners, and distributed workforce. For more information, please visit http://www.southrivertech.com.
Media contact: Tracy Welsh South River Technologies US tel: +1 866.861.9483 [email protected]
