SYS-CON MEDIA Authors: Peter Silva, Kevin Jackson, Jessica Qiu, Dana Gardner, Dan Stolts

News Feed Item

FPB Financial Corp. Announces 2013 Fourth Quarter Results and Declares Dividends

HAMMOND, LA -- (Marketwired) -- 01/27/14 -- FPB Financial Corp. (OTCQB: FPBF), the holding company for Florida Parishes Bank, announced financial results for the period ended December 31, 2013.


Net income in the 2013 fourth quarter increased to $468,000 ($0.39 per fully diluted common share) as compared to the 2012 fourth quarter net income of $452,000 ($0.43 per fully diluted common share. The 2012 results have been adjusted for a 3-for-1 stock split of our common shares completed on September 27, 2013). Earnings per share decreased 9.3% in the fourth quarter primarily due to our completion of the sale of 129,075 shares of our common stock on October 11, 2013 in a private placement.

Net income for the year ended 2013 totaled $2.0 million ($1.81 per fully diluted common share) up 7.1% from the year ended 2012 net income of $1.9 million ($1.75 per fully diluted common share). 2013 earnings per share increase by 3.4%.

Items contributing to the Company's 2013 fourth quarter earnings when compared to the 2012 period primarily were a reduction in provisions for loan losses of $215,000, or 89.6%, and a reduction in income tax expense of $47,000 or 20.6%; service charges on deposits and interchange fees increased by 20.0% and 27.6% respectively; mortgage banking fees declined by 33.1%. Total non-interest expense increased $272,000, or 14.3%, primarily due to $176,000, or 16.8%, increase in compensation and employee benefits.

FPB Financial Corp. reported the following for the year ended December 31, 2013 and as compared to the year ended December 31, 2012:

  • Net Income increased 7.1% to $2.0 million
  • Diluted Net Income per share increased 3.4% to $1.81
  • Net Interest Income after provision for loan losses increased 9.5% to $8.6 million
  • Net Loan Charge-Offs decreased by $311,000, or 43.1%
  • Dividends paid to common shareholders increased 1.5% to $312,000

Other items and per share data of note as of December 31, 2013, compared to December 31, 2012

  • Non-performing Assets decreased by $2.3 million, or 57.2%
  • Total Assets increased 4.1% to $206.0 million
  • Non-Interest Bearing Deposits increased 1.9% to $36.8 million
  • Non-Maturity Deposits increased 4.0% to $122.4 million
  • Book Value per share increased 2.1% to $17.02

Asset Quality

Total Non-performing assets at December 31, 2013 decreased by 57.2% to $1.8 million as compared to December 31, 2012. Non-performing assets at September 30, 2013 were $1.9 million. The Company's allowance for loan losses decreased by 6.4% to $3.0 million at December 31, 2013 while increasing to 171.3% of total non-performing assets. Total allowance for loan losses was $3.2 million at September 30, 2013.

Net loan charge-offs for the fourth quarter totaled $207,000, up 209.9% from $67,000 in the 2012 fourth quarter. Net loan charge-offs were $84,000 in the 2013 third quarter. For the twelve months ended December 31, 2013 net loan charge-offs declined by $311,000, or 43.1%, to $411,000.

Performing Troubled Debt Restructured (TDR's) as of December 31, 2013 totaled $2.6 million, or a decrease of $729,000 from December 31, 2012. Performing TDR's on September 30, 2013 totaled $2.4 million.

Balance Sheet and Capital

Total assets at December 31, 2013 increased 4.1% to $ 206.0 million as compared to $197.9 at December 31, 2012. The increase in total assets was primarily attributed to an increase of $12.7 million in available-for-sale investment securities, the purchase of $4.0 million of Bank Owned Life Insurance (BOLI) and an increase of $3.5 million in held-to-maturity investment securities. These increases were offset by a $3.8 million decrease in net loans, a $4.3 million decrease in cash and cash equivalents and a $468,000 decrease in foreclosed assets. Total liabilities increased by 3.0% to $185.6 million primarily due to an increase of $3.8 million, or 24.4% in Federal Home Loan Bank advances to $19.4 million.

Common stockholders' equity increased by a net of $2.7 million, or 15.3%, to $20.4 million for the year ended December 31, 2013, primarily due to the October 11, 2013 sale of 129,075 shares of our common stock at a price of $16.00 per share in a private placement, for total net sales proceeds of $2.0 million. Retained earnings increased by $1.7 million to $14.7 million for the 2013 period. Other comprehensive income decreased by $1.0 million at December 31, 2013 when compared to December 31, 2012. Tangible common stockholders' equity increased to $20.4 million for the period. Book value per share increased to $17.02 as total common shares of 1,200,762 were outstanding at December 31, 2013.

Our subsidiary, Florida Parishes Bank, is considered "well capitalized" by all applicable federal banking regulations and definitions as of December 31, 2013.

FPB Financial Corp. is headquartered in Hammond, LA and is the parent company of Florida Parishes Bank. The Company's common stock is traded under the "FPBF" symbol.

This news release contains certain forward-looking statements, including statements about the financial condition, results of operations and earnings outlook for FPB Financial Corp. and its subsidiaries. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors, many of which are beyond the Company's control, could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. These factors include, among others, the following: general economic conditions, changes in interest rates, deposit flows, the cost of funds, changes in credit quality, interest rate risks associated with the Company's business and operations and the adequacy of our allowance for loan losses. Other factors include changes in our loan portfolio, changes in competition, fiscal and monetary policies and legislation and regulatory changes. We undertake no obligation to update any forward-looking statements.

                             FPB Financial Corp.

                           Dec. 31,    Dec. 31,    %      Sept. 30,    %
Selected Balances            2013        2012    Change      2013    Change
                         (Unaudited)                     (Unaudited)

Total Common
 Stockholders' Equity     20,430,683  17,712,572     15   18,146,908     13

Net Loans                115,983,445 119,757,079     (3) 113,165,148      2

Foreclosed Assets            575,267   1,043,322    (45)     361,067     59

Non-Performing Assets
 (Includes Foreclosed
 Assets)                   1,753,875   4,101,905    (57)   1,928,701     (9)

Allowance for Loan Losses  3,003,948   3,208,815     (6)   3,186,015     (6)

Total Assets             206,015,687 197,854,896      4  202,384,931      2

Non-Interest Bearing
 Deposits                 36,775,928  36,086,737      2   36,033,709      2

Non-Maturity Deposits
 (Includes interest and
 non-interest bearing
 deposits)               122,406,800 117,728,693      4  121,619,702      1

Brokered Deposits
 (Included in interest-
 bearing deposits)         2,453,461   6,555,092    (63)   2,459,461      0

FHLB Advances             19,391,500  15,591,803     24   17,716,500      9


                       For the Three Months              For the Year
                              Ended                          Ended
                 Dec. 31,   Sept. 30,    Dec. 31,    Dec. 31,     Dec. 31,
                   2013        2013        2012        2013         2012
               (Unaudited) (Unaudited)              (Unaudited)


  Loans        $ 1,835,241 $ 1,856,595 $ 1,993,949 $  7,560,752 $ 8,205,934

  Loans            249,176     249,210     227,645      975,342     902,482

 Consumer &
  Lines of
  Credit            58,812      54,931      49,010      213,203     191,358

  Loans             56,905      53,195      50,971      206,204     237,702

  and Deposits     293,947     229,430     244,108      886,115     681,064
               ----------- ----------- ----------- ------------ -----------

 INCOME          2,494,081   2,443,361   2,565,683    9,841,616  10,218,540
               ----------- ----------- ----------- ------------ -----------


 Deposits          151,204     151,947     218,433      665,601     915,270

Federal Home
 Loan Bank
 Advances           76,594      75,461     113,901      313,128     487,226

Other               26,193      26,691      27,108      106,087     112,292
               ----------- ----------- ----------- ------------ -----------

 EXPENSE           253,991     254,099     359,442    1,084,816   1,514,788
               ----------- ----------- ----------- ------------ -----------

  INCOME         2,240,090   2,189,262   2,206,241    8,756,800   8,703,752

Provisions for
 loan losses        25,000           0     240,000      206,000     897,000
               ----------- ----------- ----------- ------------ -----------

 LOAN LOSSES     2,215,090   2,189,262   1,966,241    8,550,800   7,806,752
               ----------- ----------- ----------- ------------ -----------


Service charge
 on deposits       236,641     235,077     197,283      906,468     735,137

 Fees              153,725     143,591     120,516      570,297     445,148

 Banking Fees      131,502     106,198     196,512      628,752     754,185

Loan Fees and
 Charges            44,216      32,057      59,307      159,508     204,725
Gain on Bank
 Owned Life
 Insurance          11,118           0           0       11,118           0

Gain/(Loss) on
 Sale of
 Assets              5,723     (88,008)     15,626      (79,852)    229,443

Gain/(Loss) on
 Accounts            7,454         648         840       24,523      (8,686)

Other               22,761      13,687      29,955      105,885     174,450
               ----------- ----------- ----------- ------------ -----------

 INCOME            613,140     443,178     620,039    2,326,699   2,534,402
               ----------- ----------- ----------- ------------ -----------


 and Employee
 Benefits        1,225,106   1,082,659   1,049,168    4,478,346   4,306,195

 Taxes, and
 Equipment         229,245     226,150     219,263      912,500     844,084

Technology and
 Processing        248,308     203,584     174,374      770,410     599,143

 Fees               69,604      92,107      77,627      278,567     302,972

 Fees               46,700      48,320      76,290      205,893     327,912

 Assets             35,334       8,440      26,186      112,284      93,998

Other              325,058     257,740     284,237    1,194,999   1,082,024
               ----------- ----------- ----------- ------------ -----------

 EXPENSE         2,179,355   1,919,000   1,907,145    7,952,999   7,556,328
               ----------- ----------- ----------- ------------ -----------

 INCOME TAXES      648,875     713,440     679,135    2,924,500   2,784,826

Income Tax
 Expense           180,749     233,446     227,504      935,278     928,042
               ----------- ----------- ----------- ------------ -----------

NET INCOME         468,126     479,994     451,631    1,989,222   1,856,784
               =========== =========== =========== ============ ===========


Net Earnings   $      0.40 $      0.45 $      0.43 $       1.82 $      1.76

Diluted Net
 Earnings      $      0.39 $      0.45 $      0.43 $       1.81 $      1.75

Revenue (Net
 Income and
 Income)       $      2.41 $      2.47 $      2.67 $      10.14 $     10.64

Dividends Paid $      0.10 $      0.06 $      0.12 $       0.28 $      0.29

Book Value
 Period End    $     17.02 $     17.02 $     16.67 $      17.02 $     16.67

Book value
 adjusted for
 income at
 period end    $     17.72 $     17.71 $     16.49 $      17.72 $     16.49


 Net Income to
 Assets)              0.91%       0.95%       0.88%        0.99%       0.98%

 Net Income to
 Period Total
 Equity)              9.24%      10.63%      10.19%       10.73%      10.91%

Net Interest
 (Average) for
 the period           4.80%       4.77%       4.74%        4.80%       5.00%

 Expense less
 Income to
 Period Total
 (Annualized)         3.03%       2.92%       2.52%        2.80%       2.64%

 Ratio for the
 Period              76.38%      72.90%      67.48%       71.76%      67.24%

Net Loan
 for the       $   207,067 $    83,507 $    66,827 $    410,867 $   721,468
Period to
 Period Net
 (Annualized)         0.72%       0.29%       0.22%        0.36%       0.59%

 at Period End $ 2,621,929 $ 2,390,264 $ 3,351,121 $  2,621,929 $ 3,351,121
 to Average
  Period Net
  Loans               2.29%       2.11%       2.78%        2.28%       2.72%

 Assets at
 Period        $ 1,753,875 $ 1,928,701 $ 4,101,905 $  1,753,875 $ 4,101,905
 End to
  Period Total
  Assets              0.86%       0.96%       2.02%        0.87%       2.15%

Allowance for
 Loan Losses
 at Period End $ 3,003,948 $ 3,186,015 $ 3,208,815 $  3,003,948 $ 3,208,815
 to Average
  Period Net
  Loans               2.62%       2.81%       2.66%        2.61%       2.60%
 to Non-
  Assets at
  Period End        171.28%     165.19%      78.23%      171.28%      78.23%


                      Dec. 31,     Dec. 31,      %      Sept. 30,      %
                         2013         2012     Change      2013      Change
                     (Unaudited                        (Unaudited)


Cash and Cash
 including Interest
 and Non-Interest
 Earning Deposits   $  7,385,835 $ 11,674,524     (37)$   9,737,748     (24)

Certificates of
 Deposit                 747,000    4,235,000     (82)    1,994,000     (63)

Securities - Held to
 Maturity              4,556,671    1,081,508     321     4,563,195       0

Securities -
 Available for Sale   61,120,450   48,444,962      26    59,450,958       3

Trading Securities       193,679      189,937       2       186,226       4

Net Loans            115,983,445  119,757,079      (3)  113,165,148       2

Accrued Interest
 Receivable              878,520      796,447      10       762,599      15

Bank Owned Life
 Insurance             4,011,118            0       0             0       0

Premises and
 Equipment, Net        9,068,013    9,052,566       0     9,111,881       0

Foreclosed Assets        575,267    1,043,322     (45)      361,067      59

Other Assets           1,495,689    1,579,551      (5)    3,052,109     (51)
                    ------------ ------------ ------- ------------- -------

  TOTAL ASSETS      $206,015,687 $197,854,896       4 $ 202,384,931       2
                    ============ ============ ======= ============= =======


Deposits             162,384,981  160,663,155       1   160,592,502       1

Federal Home Loan
 Bank Advances        19,391,500   15,591,803      24    17,716,500       9

 securities            3,093,000    3,093,000       0     3,093,000       0

Other Liabilities        715,523      794,366     (10)    2,836,021     (75)
                    ------------ ------------ ------- ------------- -------

  TOTAL LIABILITIES $185,585,004 $180,142,324       3 $ 184,238,023       1
                    ============ ============ ======= ============= =======


Common Stock        $     13,127 $      4,437     196 $       4,448     195

Capital Surplus        8,404,060    6,335,022      33     6,364,018      32

Retained Earnings     14,652,133   12,974,449      13    14,304,084       2

 Compensation             (7,456)     (12,909)     42       (12,339)     40

Treasury Stock        (1,783,468)  (1,783,468)      0    (1,783,468)      0

Other Comprehensive
 Income (Loss)          (847,713)     195,041       -      (729,835)    (16)
                    ------------ ------------ ------- ------------- -------

Total Stockholders'
 Equity               20,430,683   17,712,572      15    18,146,908      13
                    ------------ ------------ ------- ------------- -------

 EQUITY             $206,015,687 $197,854,896       4%$ 202,384,931       2%
                    ============ ============ ======= ============= =======

Fritz W. Anderson II, Chairman of the Board announced today that "On January 9, 2014, the Board of Directors of FPB Financial Corp. declared a cash dividend of $0.07 per share on the common stock of the company. The dividend will be paid on March 25, 2014 to stockholders of record at the close of business on March 10, 2014."

For More Information Contact:
Fritz W. Anderson, II
President, Chief Executive Officer And Chairman
FPB Financial Corp.
(985) 345-1880

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Noted IoT expert and researcher Joseph di Paolantonio (pictured below) has joined the @ThingsExpo faculty. Joseph, who describes himself as an “Independent Thinker” from DataArchon, will speak on the topic of “Smart Grids & Managing Big Utilities.” Over his career, Joseph di Paolantonio has worked in the energy, renewables, aerospace, telecommunications, and information technology industries. His expertise is in data analysis, system engineering, Bayesian statistics, data warehouses, business intelligence, data mining, predictive methods, and very large databases (VLDB). Prior to DataArchon, he served as a VP and Principal Analyst with Constellation Group. He is a member of the Boulder (Colo.) Brain Trust, an organization with a mission “to benefit the Business Intelligence and data management industry by providing pro bono exchange of information between vendors and independent analysts on new trends and technologies and to provide vendors with constructive feedback on their of...
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
There will be 50 billion Internet connected devices by 2020. Today, every manufacturer has a propriety protocol and an app. How do we securely integrate these "things" into our lives and businesses in a way that we can easily control and manage? Even better, how do we integrate these "things" so that they control and manage each other so our lives become more convenient or our businesses become more profitable and/or safe? We have heard that the best interface is no interface. In his session at Internet of @ThingsExpo, Chris Matthieu, Co-Founder & CTO at Octoblu, Inc., will discuss how these devices generate enough data to learn our behaviors and simplify/improve our lives. What if we could connect everything to everything? I'm not only talking about connecting things to things but also systems, cloud services, and people. Add in a little machine learning and artificial intelligence and now we have something interesting...
Last week, while in San Francisco, I used the Uber app and service four times. All four experiences were great, although one of the drivers stopped for 30 seconds and then left as I was walking up to the car. He must have realized I was a blogger. None the less, the next car was just a minute away and I suffered no pain. In this article, my colleague, Ved Sen, Global Head, Advisory Services Social, Mobile and Sensors at Cognizant shares his experiences and insights.
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) irreversibly encoded. In his session at Internet of @ThingsExpo, Peter Dunkley, Technical Director at Acision, will look at how this identity problem can be solved and discuss ways to use existing web identities for real-time communication.
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT. Attendees will learn real-world benefits of WebRTC and explore future possibilities, as WebRTC and IoT intersect to improve customer service.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at Internet of @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, will share some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, an Open Source Cloud Communications company that helps the shift from legacy IN/SS7 telco networks to IP-based cloud comms. An early investor in multiple start-ups, he still finds time to code for his companies and contribute to open source projects.
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice services to the modern P2P RTC era of OTT cloud assisted services.
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehension and conference efficiency.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example to explain some of these concepts including when to use different storage models.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, 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. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace. These technological reforms have not only changed computers and smartphones, but are also changing the data processing model for all information devices. In particular, in the area known as M2M (Machine-To-Machine), there are great expectations that information with a new type of value can be produced using a variety of devices and sensors saving/sharing data via the network and through large-scale cloud-type data processing. This consortium believes that attaching a huge number of devic...
Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies, with a focus on the enterprise, industrial, aerospace, and defense industries. Innodisk is dedicated to serving their customers and business partners. Quality is vitally important when it comes to industrial embedded flash and DRAM storage products. That’s why Innodisk manufactures all of their products in their own purpose-built memory production facility. In fact, they designed and built their production center to maximize manufacturing efficiency and guarantee the highest quality of our products.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital business.
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. Download Slide Deck: ▸ Here
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