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Attunity Reports Fourth Quarter And Full Year 2013 Financial Results

Record quarterly revenue of $8.1 million

BURLINGTON, Mass., Jan. 30, 2014 /PRNewswire/ -- Attunity, Ltd. (NASDAQ CM: ATTU), a leading provider of information availability software solutions, today reported its unaudited financial results for the three month period and year ended December 31, 2013.

"The fourth quarter of 2013 was a record quarter for us in terms of total revenues and revenues from our Big Data product offering, which grew by 140% year-over-year. This contribution drove us to achieve record quarterly revenues of $8.1 million. These highlights reflect, among others, the ongoing investments in sales and marketing, building a momentum that we expect will continue into 2014," stated Shimon Alon, Chairman and Chief Executive Officer of Attunity. "Attunity Replicate's cutting-edge technology, coupled with our strong partnerships, raises our profile as a key provider of information availability solutions to the high-growth Big Data market. Our focus on real-time ease of use, superior performance and high return on investment (ROI) for our customers, enables us to increase market share and win deals against our competition. 

Mr. Alon continued "In order to accelerate our growth, we expanded into additional key Big Data markets, with the strategic acquisition of Hayes Technology Group in December. This enables us to widen our portfolio of offerings for SAP, the largest ERP provider in the market, according to Gartner. We expect to leverage both Attunity's suite of solutions and Hayes' proprietary SAP certified replication solution, Gold Client, by cross-selling and up-selling into each existing customer base. Gold Client also gives us access to the rapidly growing HANA user base, SAP's flagship in-memory database platform, both on premise and in the cloud. With this acquisition, coupled with an improved cash position and increased sales and marketing efforts, we believe we are well positioned to grow aggressively in 2014."

Recent Operational Highlights:

  • Successfully raised approximately $18 million in a public offering to execute growth initiatives, including aggressive expansion of sales and marketing
  • Acquired Hayes Technology Group to penetrate the SAP market, accessing a new, larger customer base and further establishing Attunity as a critical enabler for Big Data replication
  • Grew Attunity Replicate sales by over 140% year-over-year, with a record of number of deals closed during the fourth quarter
  • Added 10 salespeople in the U.S and EMEA to increase presence in new and existing regions; currently have 25 total salespeople compared with 15 in the third quarter of 2013
  • Expanded Attunity Replicate to support additional Big Data platforms including IBM Netezza and Teradata Aster; Replicate currently services all major data warehouse and Big Data Analytic platforms with optimizations for accelerated data loading
  • Enhanced suite of Attunity CloudBeam 2.0 managed data delivery service for Amazon Web Services (AWS) to include support for Amazon Relational Database Service (RDS) and boosting loading speed to the Cloud
  • Won a DBTA Magazines' "Trendsetter" award for Attunity Replicate; named to the List of the Trendsetting Products in Data for 2014

Financial Highlights for the Fourth Quarter of 2013, compared with the Fourth Quarter of 2012:

  • Total revenues grew 14% to $8.1 million, a record quarter of total revenue
  • Total license revenues grew 15% to $4.9 million, a record quarter of license revenue
  • Total maintenance and service revenues grew 12% to $3.2 million
  • Non-GAAP operating income increased 1% to $1.4 million

Financial Highlights for the Full Year 2013, compared with the Full Year 2012

  • Total revenues were $25.3 million,  compared with $25.5 million in 2012
  • Shareholders' equity increased to $30.3 million, compared with $9.6 million in 2012
  • Cash and cash equivalents were $16.5 million, compared with $3.8 million in 2012
  • Non-GAAP operating income was $2.3 million, compared with $4.4 million for 2012
  • Non-GAAP net income was $1.7 million, compared with $4.1 million in 2012

See "Use of Non-GAAP Financial Information" below for more information regarding Attunity's use of Non-GAAP financial measures.

Sales Expansion          
During the fourth quarter, the Company achieved record licensing sales generating $4.9 million, an increase of 15% compared to the same period in 2012. In order to build on this momentum in 2014, the Company hired several highly specialized salespeople and sales solution architects to address high demand markets in Europe, APAC and key areas in the U.S.  Attunity continues to expand its footprint in new and existing regions by adding quality hires to the sales team and leveraging strong partnerships with market leaders.

Partnership Activity                    
Attunity has experienced significant traction with its go-to-market data warehouse partners, including Teradata, Pivotal Greenplum, HP Vertica, and Microsoft Parallel Data Warehouse (PDW). In fact, these partners were instrumental in introducing Attunity to key customers, resulting in the closing of several large-scale deals during the fourth quarter.  In almost all instances, Attunity won against the competition, proving to be a critical revenue enabler for its partners. Additionally, the Company broadened capabilities for another partner, Amazon Web Services, as it expanded its Attunity CloudBeam 2.0 solution. This includes support for Amazon RDS and added technologies to quicken the speed at which data loads onto Amazon Redshift.

"We also expect to capitalize on our 'integration platform as a service' (IPAS), also known as cloud-based integration, with Attunity CloudBeam 2.0. We plan to release additional products in 2014, to complement Attunity's Big Data offerings. Not only will this include support for important targets and sources, but it will also introduce innovative data flow management for larger scale enterprise data management," Mr. Alon concluded.

Financial Results for Q4 2013                 
Total revenues for the fourth quarter of 2013 increased 14% to $8.1 million, compared to $7.1 million for the same period of 2012. This included license revenues for the fourth quarter of 2013, which increased 15% to $4.9 million, compared to $4.3 million for the same period of 2012.

Operating income for the fourth quarter of 2013 was $0.4 million, compared to $0.9 million for the same period of 2012.

Non-GAAP operating income was $1.4 million for both the fourth quarters of 2013 and 2012. Non-GAAP operating income for the fourth quarter of 2013 excludes equity-based compensation totaling $192,000 and $827,000 in amortization and expenses related to the acquisitions of RepliWeb and Hayes. Non-GAAP operating income for the same period of 2012 excludes the impact of stock-based compensation expenses, amortization and expenses related to the acquisition of RepliWeb, and amortization of software development costs of $476,000. See "Use of Non-GAAP Financial Information" below for more information regarding Attunity's use of Non-GAAP financial measures.

Net income for the fourth quarter of 2013 was $54,000, or $0.00 per diluted share, compared to $1.1 million, or $0.09 per diluted share in the fourth quarter of 2012.

Non-GAAP net income for the fourth quarter of 2013 was $1.0 million, compared to $1.5 million for the same period last year. Non-GAAP net income for the fourth quarter of 2013 excludes a total of $979,000 in expenses and amortization, including $611,000 in amortization and expenses associated with the acquisitions of RepliWeb and Hayes; $176,000 of financial income associated with the revaluation of liabilities presented at fair value (attributed mainly to the rise of our share price); and $192,000 in expenses related to stock based compensation. Non-GAAP net income for the same period of 2012 excludes the impact of stock-based compensation expenses, amortization and expenses related to the acquisition of RepliWeb, financial income associated with the revaluation of liabilities presented at fair value and amortization of software development costs of $393,000.

See "Use of Non-GAAP Financial Information" below for more information regarding Attunity's use of Non-GAAP financial measures.

Financial Results for Full Year 2013

Total revenues for 2013 were $25.3 million, which were relatively flat compared to $25.5 million in 2012. This included license revenues, which decreased by 7% to $13.5 million in 2013, compared to $14.4 million in 2012. The decrease was offset by increase in maintenance and services revenues that amounted to $11.8 million, compared with $11.0 million for 2012.

Operating income for 2013 was $158,000 compared to $2.5 million for 2012.

Non-GAAP operating income for 2013 was $2.3 million, compared to $4.4 million for 2012. Non-GAAP operating income for 2013 excludes the impact of stock-based compensation expenses, amortization and expenses related to the acquisitions of RepliWeb and Hayes of $2.1 million. Non-GAAP operating income for 2012 excludes the impact of stock-based compensation expenses, amortization and expenses related to the acquisition of RepliWeb, and amortization of software development costs of $1.8 million. See "Use of Non-GAAP Financial Information" below for more information regarding Attunity's use of Non-GAAP financial measures.

Net loss for 2013 was $412,000, or $(0.04) per diluted share, compared to net income of $1.5 million, or $0.12 per diluted share, in 2012.

Non-GAAP net income for 2013 was $1.7 million compared to $4.1 million in 2012. Non-GAAP net income for 2013 excludes a total of $2.1 million in expenses and amortization related to the acquisitions of RepliWeb and Hayes, net of tax effect, equity-based compensation expenses and financial expenses associated with the revaluation of liabilities presented at fair value. Non-GAAP net income for 2012 excludes the impact of expenses and amortization related to the acquisition of RepliWeb, net of tax effect, equity-based compensation expenses, financial expenses associated with the revaluation of liabilities presented at fair value, and amortization of software development costs of $2.6 million.  See "Use of Non-GAAP Financial Information" below for more information regarding Attunity's use of Non-GAAP financial measures.

Cash and cash equivalents increased to $16.5 million as of December 31, 2013, compared to $3.8 million as of December 31, 2012.

Shareholders' equity increased to $30.3 million as of December 31, 2013, compared to $9.6 million as of December 31, 2012. 

Outlook for 2014                           
The Company expects revenue from Attunity's business to increase to between approximately $34 and $37 million for 2014.  Additionally, the Company expects non-GAAP operating margin to range between 9% and 13%.

Financial Reconciliation to NON-GAAP figures for 2014 Outlook:


From

To

GAAP Operating Profit Margin

0%

5%

Equity base compensation

4%

4%

Amortization and other adjustments – related acquisitions

5%

4%

Non-GAAP Operating Profit margin (*)

9%

13%

(*) Non GAAP Operating Profit Margin is calculated by dividing the Non GAAP Operating Profit by the total revenues for the period.

The Company clarified that it does not expect to provide or update guidance more often than on an annual basis. 

Conference Call Information

The Company's management will host a conference call today, January 30, 2014, at 10:00 a.m. Eastern Time. The dial-in numbers for the conference call are +1 877-280-2342 (U.S. Toll Free), +972 3 763 0145 (Israel), or +1 212-444-0481 (International). All dial-in participants must use the following code to access the call: 6891373. Please call at least five minutes before the scheduled start time.

The conference call will be available via webcast and can be accessed through the Events section of Attunity's website, http://www.attunity.com/events, and www.kcsa.com, the contents of which are not part of this press release. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the Internet broadcast.

For interested individuals unable to join the conference call, a replay of the call will be available through March 2, 2014 at +1 866-932-5017 (U.S. Toll Free) or 1 347-366-9565 (international). Participants must use the following code to access the replay of the call: 6891373. The online archive of the webcast will be available on http://www.attunity.com/events or www.kcsa.com for 30 days following the call.

About Attunity            
Attunity is a leading provider of information availability software solutions that enable access, sharing and distribution of data, including Big Data, across heterogeneous enterprise platforms, organizations, and the cloud. Our software solutions include data replication, change data capture (CDC), data connectivity, enterprise file replication (EFR) and managed-file-transfer (MFT). Using Attunity's software solutions, our customers enjoy significant business benefits by enabling real-time access and availability of data and files where and when needed, across the maze of heterogeneous systems making up today's IT environment.

Attunity has supplied innovative software solutions to its enterprise-class customers for nearly 20 years and has successful deployments at thousands of organizations worldwide. Attunity provides software directly and indirectly through a number of partners such as Microsoft, Oracle, IBM and HP. Headquartered in Boston, Attunity serves its customers via offices in North America, Europe, and Asia Pacific and through a network of local partners. For more information, visit http://www.attunity.com or our In Tune blog and join our community on Twitter, Facebook, LinkedIn and YouTube, the content of which is not part of this press release.

Use of Non-GAAP Financial Information           
In addition to reporting financial results in accordance with U.S. generally accepted accounting principles, or GAAP, Attunity uses Non-GAAP measures of net income,  operating income, operating profit margin and net income per share, which are adjustments from results based on GAAP to exclude expenses and amortization associated with the acquisitions of RepliWeb and Hayes, net of related tax, stock-based compensation expenses in accordance with ASC 718, amortization of software development costs in accordance with ASC 985-20, and non-cash financial expenses such as the effect of a revaluation of liabilities presented at fair value and convertible debt inducement expenses. Attunity's management believes the non-GAAP financial information provided in this release is useful to investors' understanding and assessment of Attunity's on-going core operations and prospects for the future. Management uses both GAAP and non-GAAP information in evaluating and operating its business internally and as such has determined that it is important to provide this information to investors. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP.

Safe Harbor Statement                   
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal Securities laws. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. For example, when we discuss our expected revenues and operating margins in 2014, our plan to capitalize on increasing demand for our solutions and become a necessary and key player in the Big Data and Analytics market, we are using a forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from Attunity's current expectations. Factors that could cause or contribute to such differences include, but are not limited to: our reliance on strategic relationships with our distributors, OEM and VAR partners, including Microsoft, and Pivotal; risks and uncertainties relating to acquisitions, including costs and difficulties related to integration of acquired businesses; timely availability and customer acceptance of Attunity's new and existing products, including Attunity Replicate; changes in the competitive landscape, including new competitors or the impact of competitive pricing and products; a shift in demand for products such as Attunity's products; the impact on revenues of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; and other factors and risks on which Attunity may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Attunity, reference is made to Attunity's Annual Report on Form 20-F for the year ended December 31, 2012, which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Attunity in reports filed or furnished to the SEC. Except as otherwise required by law, Attunity undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

© 2014 Attunity Ltd. All rights reserved. Attunity is a trademark of Attunity Inc.

For more information, please contact:              
Garth Russell / Diane Imas           
KCSA Strategic Communications           
P: + 1 212-682-6300               
grussell@kcsa.com  / dimas@kcsa.com

Dror Harel-Elkayam, CFO
Attunity Ltd.
Tel. +972 9-899-3000
dror.elkayam@attunity.com

 


CONDENSED CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands








December 31,



2013


2012






ASSETS










CURRENT ASSETS:





Cash and cash equivalents


$        16,481


$           3,778

Trade receivables (net of allowance for doubtful accounts of  $15 at
     December 31, 2013 and 2012)


5,356


3,671

Other accounts receivable and prepaid expenses


685


323






Total current assets


22,522


7,772






Other assets


385


93

Severance pay fund


3,233


2,880

Property and equipment, net


879


423

Goodwill and intangible assets, net


23,061


14,964






Total long-term assets


27,558


18,360






Total assets


$        50,080


$         26,132

 


CONDENSED CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands, except share and per share data









December 31,



2013


2012






LIABILITIES AND SHAREHOLDERS' EQUITY










CURRENT LIABILITIES:










Trade payables


$                 458


$           316

Contingent purchase consideration 


-


1,934

Deferred revenues


5,080


4,759

Employees and payroll accruals


3,174


2,589

Accrued expenses and other current liabilities


1,269


1,220






Total current liabilities


9,981


10,818






LONG-TERM LIABILITIES:










Long-term deferred revenue


957


888

Liabilities presented at fair value and other long-term liabilities


1,219


875

Contingent purchase consideration 


3,280


-

Accrued severance pay


4,328


3,989






Total long-term liabilities


9,784


5,752











SHAREHOLDERS' EQUITY:





Share capital - Ordinary shares of NIS 0.4 par value -


1,677


1,270

Authorized: 32,500,000 shares at December 31, 2013 and  2012;
     Issued and outstanding: 14,527,292 shares at December 31, 2013
     and 10,919,930 shares at December 31, 2012




Additional paid-in capital


130,944


110,318

Receipt on account of shares


81


-

Accumulated other comprehensive loss


(621)


(672)

Accumulated deficit


(101,766)


(101,354)






Total shareholders' equity


30,315


9,562






Total liabilities and shareholders' equity


$             50,080


$      26,132

 

 

 


CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands, except per share data













Year ended

December 31,


Three months ended December 31,



2013


2012


2013


2012







Unaudited

 

Software licenses


$     13,476


$    14,437


$      4,894


$       4,253

Maintenance and services


11,838


11,042


3,165


2,814










Total revenue


25,314


25,479


8,059


7,067

Operating expenses:









Cost of revenues


2,132


2,356


579


609

Research and development


7,756


7,748


2,048


1,921

Selling and marketing


11,746


9,833


3,704


2,868

General and administrative


3,522


3,024


1,336


750










Total operating expenses


25,156


22,961


7,667


6,148










Operating income


158


2,518


392


919

Financial expenses, net


626


1,241


278


196










Income (loss) before taxes on income


(468)


1,277


114


723

Taxes on income (benefit)


(56)


(209)


60


(337)










Net  income (loss)


$         (412)


$       1,486


$           54


$       1,060










Basic net income (loss) per share


$        (0.04)


$         0.14


$        0.00


$         0.10

Weighted average number of shares used in computing 
     basic net income (loss) per share


11,474


10,716


12,561


10,658










Diluted net income (loss) per share


$        (0.04)


$         0.12


$        0.00


$         0.09










Weighted average number of shares used in computing
     diluted net income (loss) per share


11,474


12,311


13,858


12,248

 

 

CONSOLIDATED STATEMENTS OF CASH FLOWS

U.S. dollars in thousands









Year ended

 December 31,



2013


2012

Cash  flows  activities:





Net income (loss)


(412)


$          1,486

Adjustments required to reconcile net income (loss) to net cash provided by operating 
     activities:





Depreciation


256


255

Loss from disposals of property and equipment


-


10

Stock based compensation


746


736

Amortization of intangible assets


909


984

Accretion of payment obligation


95


265

Convertible debt inducement expenses


-


108

Change in:





   Accrued severance pay, net


(14)


326

   Trade receivables


(1,181)


(1,683)

   Other accounts receivable and prepaid expenses


(226)


(165)

   Other long-term assets


4


(21)

   Trade payables


115


(136)

   Deferred revenues


25


(86)

   Employees and payroll accruals


470


438

   Accrued expenses and other current liabilities


(265)


(920)

Excess tax benefit from stock based compensation


(189)


(40)

Change in liabilities presented at fair value


363


706

Change in deferred taxes, net


(434)


(321)






Net cash provided by operating activities


262


1,942






Cash flows from investing activities:





Purchase of property and equipment


(663)


(308)

Decrease of restricted cash


-


362

Cash paid in connection with acquisition, net of cash acquired

 


(4,163)


-






Net cash provided by (used in) investing activities


(4,826)


54






Cash flows from financing activities:





Proceeds from exercise of stock options, warrants and rights


1,096


576

Receipts on account of shares


81



Repayment of long-term debt


-


(115)

Repayment of convertible debt


-


(138)

Repayment of contingent consideration


(2,000)


-

Issuance of common shares, net of issuance expenses


17,956


-

Excess tax benefit from stock based compensation


189


40






Net cash provided by financing activities


17,322


363






Foreign currency translation adjustments on cash and cash equivalents


(55)


(65)






Increase in cash and cash equivalents


12,703


2,294

Cash and cash equivalents at the beginning of the period


3,778


1,484






Cash and cash equivalents at the end of the period


16,481


3,778






Supplemental disclosure of cash flow activities:





Cash paid during the period for:





Interest


6


225

Taxes


425


298

Non cash activities:





Liability presented at fair value allocated to equity


-


1,410

Issuance of shares in connection with acquisition


1,046


-



1,046


1,410

 


RECONCILIATION OF SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION

U.S. dollars in thousands, except share and per share data





Year ended

 December 31,


Three months ended December 31,



2013


2012


2013


2012










GAAP operating income


$          158


$     2,518


$          392


$         919

Stock based compensation (1)


746


736


192


256

Amortization of software development costs


-


160


-


8

Acquisition-related amortization and adjustments (2)


1,386


952


827


212










Non-GAAP operating income


$       2,290


$     4,366


$       1,411


$     1,395










GAAP net income (loss)


(412)


1,486


54


1,060

Stock based compensation (1)


746


736


192


256

Amortization of software development costs 


-


160


-


8

Acquisition-related amortization and adjustments (2)


1,386


952


827


212

Revaluation of liabilities and conversion feature presented at fair 
value


363


814


176


(36)

Acquisition-related financial expenses


95


265


29


66

Tax related to acquisitions 


(461)


(360)


(245)


(113)










Non-GAAP net income


$       1,717


$     4,053


$        1,033


$      1,453










GAAP diluted net income (loss) per share:


(0.04)


0.12


(0.00)


0.09

Stock based compensation, amortization of software development 
     costs, acquisition-related amortization and adjustments


0.17


0.15


0.08


0.04

Revaluation of liabilities presented at fair value, and acquisition 
     related financial expenses


0.04


0.09


0.01


-

Tax related to acquisitions 


(0.04)


(0.03)


(0.02)


(0.01)










Non-GAAP diluted net income per share


$          0.13


$      0.33


$          0.07


$         0.12










Weighted average number of shares used in computing diluted net
income per share


12,917


12,245


13,922


12,248



















 

RECONCILIATION OF SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION

U.S. dollars in thousands













Year ended

 December 31,


Three months ended

 December 31,



2013


2012


2013


2012

(1)

Stock-based compensation expenses under ASC 718  included in:




















Research and development


237


$         306


55


88


Selling and marketing


325


241


86


109


General and administrative


184


189


51


59














746


$         736


192


256

(2)

 

Amortization and other adjustments – related acquisitions: 


















Valuation adjustment on acquired deferred services revenue


13


$         128


13


6


Cost of revenues - Amortization of technology


647


559


261


140


Selling and marketing - Amortization of customer relationships


262


265


89


66


Acquisition related expenses


464


-


464


-














1,386


$         952


827


212

 

 

SOURCE Attunity, Ltd.

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BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic • Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it’s a mix of architectural style...
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve a...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
Connected devices are changing the way we go about our everyday life, from wearables to driverless cars, to smart grids and entire industries revolutionizing business opportunities through smart objects, capable of two-way communication. But what happens when objects are given an IP-address, and we rely on that connection, sometimes with our lives? How do we secure those vast data infrastructures and safe-keep the privacy of sensitive information? This session will outline how each and every connected device can uphold a core root of trust via a unique cryptographic signature – a “bir...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at Internet of @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, will discuss how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.

SUNNYVALE, Calif., Oct. 20, 2014 /PRNewswire/ -- Spansion Inc. (NYSE: CODE), a global leader in embedded systems, today added 96 new products to the Spansion® FM4 Family of flexible microcontrollers (MCUs). Based on the ARM® Cortex®-M4F core, the new MCUs boast a 200 MHz operating frequency and support a diverse set of on-chip peripherals for enhanced human machine interfaces (HMIs) and machine-to-machine (M2M) communications. The rich set of periphera...

SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
Predicted by Gartner to add $1.9 trillion to the global economy by 2020, the Internet of Everything (IoE) is based on the idea that devices, systems and services will connect in simple, transparent ways, enabling seamless interactions among devices across brands and sectors. As this vision unfolds, it is clear that no single company can accomplish the level of interoperability required to support the horizontal aspects of the IoE. The AllSeen Alliance, announced in December 2013, was formed with the goal to advance IoE adoption and innovation in the connected home, healthcare, education, aut...