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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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The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of IoT applications and projects. Business operations, IT, and data scientists need advanced analytics t...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...