SYS-CON MEDIA Authors: Pat Romanski, Elizabeth White, Yeshim Deniz, Nikita Ivanov, Sean Houghton

News Feed Item

Cornerstone OnDemand Announces Fourth Quarter and Fiscal Year 2013 Financial Results

Talent management software provider Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced results for its fourth quarter and fiscal year ended December 31, 2013.

Revenue for the fourth quarter of 2013 was $54.9 million, representing a 51% increase compared to the same period in 2012. Revenue for the full fiscal year of 2013 was $185.1 million, an increase of 57% compared to revenue for the same period in 2012.

Bookings, which the Company defines as gross revenue plus the change in deferred revenue for the period, were $84.5 million for the fourth quarter of 2013, representing a 51% increase compared to the same period in 2012.1 Bookings for the full fiscal year of 2013 were $231.7 million, representing a 50% increase compared to the same period in 2012.1 Deferred revenue at December 31, 2013 was $138.8 million, which was 50% higher than the balance at December 31, 2012.

“The fourth quarter capped another year of solid execution and record results for Cornerstone,” said Adam Miller, the company’s President and CEO. “Our business has the benefit of many vectors of available growth, and we made strong progress across all of these dimensions last year. We saw our business expand in each of our segments, verticals, and geographies, as well as within our installed base. Quite simply, we believe that what we do—helping organizations to recruit, train and manage their people—is applicable to any group of people, anywhere in the world, and 2013 provided further validation of this belief.”

Gross profit for the fourth quarter of 2013 was $39.4 million, representing a 53% increase compared to the same period in 2012. Gross profit for the full fiscal year of 2013 was $131.6 million, an increase of 58% compared to the same period in 2012. Gross margin for the fourth quarter of 2013 was 71.8%. Gross margin for the full fiscal year of 2013 was 71.1%.

Non-GAAP gross profit for the fourth quarter of 2013 was $40.4 million, representing a 52% increase compared to the same period in 2012.1 Non-GAAP gross profit for the full fiscal year of 2013 was $135.3 million, an increase of 55% compared to the same period in 2012.1 Non-GAAP gross margin for the fourth quarter of 2013 was 73.7%.1 Non-GAAP gross margin for the full fiscal year of 2013 was 73.0%.1

The Company’s net loss for the fourth quarter of 2013 was $10.8 million, or $0.21 net loss per share. The Company’s net loss for the full fiscal year of 2013 was $40.4 million, or $0.79 net loss per share.

Non-GAAP net loss for the fourth quarter of 2013 was $1.7 million, or $0.03 net loss per share. Non-GAAP net loss for the full fiscal year of 2013 was $12.5 million, or $0.24 net loss per share.1

For the full fiscal year of 2013, net cash provided by operating activities was $17.4 million as compared to $10.3 million for the same period in 2012. For the full fiscal year of 2013, non-GAAP net cash provided by operating activities was $20.6 million as compared to $11.2 million for the same period in 2012.1

At December 31, 2013, the Company’s total cash and cash equivalents were $109.6 million, short-term investments were $199.9 million, and accounts receivable were $67.2 million, yielding a total of approximately $376.7 million. The Company’s investment in marketable securities had a weighted-average maturity date of approximately seven months.

The Company ended the quarter with over 1,600 clients and over 14 million users.2

     
1   Bookings, non-GAAP gross profit, non-GAAP gross margin, non-GAAP net loss, non-GAAP net loss per share, and non-GAAP net cash provided by operating activities are non-GAAP financial measures. Please see the discussion in the section “Non-GAAP Financial Measures” and the reconciliations at the end of this release.
2 Includes contracted clients and active users of our core solution, excluding Cornerstone for Small Business (CSB) and Cornerstone for Salesforce.
 

Quarterly Conference Call

Cornerstone OnDemand, Inc. will host a conference call to discuss its fourth quarter and fiscal year 2013 results at 2:00 p.m. PST (5:00 p.m. ET) today. A live audio webcast of the conference call, together with detailed financial information, can be accessed through the Company’s Investor Relations Web site at http://investors.cornerstoneondemand.com/events.cfm. The live call can be accessed by dialing 888-357-3694 (U.S.) or 973-890-8276 (outside the U.S.) and referencing passcode: 57088476. A replay of the call will also be available at http://investors.cornerstoneondemand.com/events.cfm or via telephone until 11:59 p.m. PST on February 14, 2014 by dialing 855-859-2056 (U.S.) or 404-537-3406 (outside the U.S.), and referencing passcode: 57088476.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc. is a leading global provider of comprehensive talent management solutions delivered as Software-as-a-Service (SaaS). We enable organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital. Our core solution consists of the Cornerstone Recruiting Cloud, the Cornerstone Performance Cloud, the Cornerstone Learning Cloud and the Cornerstone Extended Enterprise Cloud. In addition to our core solution, we offer Cornerstone for Small Business and Cornerstone for Salesforce. Our clients use our solutions to source and recruit top talent, develop employees throughout their careers, engage employees effectively, improve business execution, cultivate future leaders, and integrate with their external networks of customers, vendors and distributors. We currently empower more than 14 million users across 191 countries and in 41 languages. www.csod.com

Note: Cornerstone® and Cornerstone OnDemand® are registered trademarks of Cornerstone OnDemand, Inc.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding Cornerstone OnDemand’s future financial performance, market growth, the demand for and benefits from the use of Cornerstone OnDemand’s solutions, and general business conditions. Any forward-looking statements contained in this press release are based upon Cornerstone OnDemand’s historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Cornerstone OnDemand’s expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Cornerstone OnDemand disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from Cornerstone OnDemand’s current expectations. Important factors that could cause actual results to differ materially from those anticipated in our forward-looking statements include, but are not limited to, our ability to attract new clients; the extent to which clients renew their subscriptions for our solution; our ability to compete as the talent management provider for organizations of all sizes; changes in the proportion of our client base that is comprised of enterprise or mid-sized organizations; our ability to manage our growth, including additional headcount and entry into new geographies; the timing and success of solutions offered by our competitors; unpredictable macro-economic conditions; reductions in information technology spending; the success of our new product and service introductions; a disruption in our hosting network infrastructure; costs and reputational harm that could result from defects in our solution; the success of our strategic relationships with third parties; the loss of any of our key employees; failure to protect our intellectual property; acts of terrorism or other vandalism, war or natural disasters; changes in current tax or accounting rules; unanticipated costs or liabilities related to businesses that we acquire; and other risks and uncertainties. Further information on factors that could cause actual results to differ materially from the results anticipated by our forward-looking statements is included in Cornerstone OnDemand’s reports filed with the SEC, including its Form 10-Q filed with the SEC on November 6, 2013.

Non-GAAP Financial Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. generally accepted accounting principles, or GAAP. Cornerstone OnDemand has provided in this release certain measures that have not been prepared in accordance with GAAP. These non-GAAP financial measures include (i) non-GAAP revenue, which is defined as gross revenue plus revenue not recognized in the period due to the impact of purchase accounting rules on deferred revenue acquired through acquisitions, (ii) bookings, which are defined as gross revenue plus the change in deferred revenue for the period, (iii) non-GAAP net cash provided by operating activities, which excludes payment of premium on investments net of related amortization, acquisition and acquisition-related costs and employer-related taxes from stock-based compensation, (iv) non-GAAP net loss and non-GAAP net loss per share, which are based on non-GAAP revenue and exclude, for the periods in which they are present, stock-based compensation and employer-related payroll taxes, amortization of intangible assets, acquisition costs, adjustments to taxes related to acquisition adjustments, accretion of debt discount and amortization of debt issuance costs, (v) non-GAAP gross profit and non-GAAP gross margin, which are calculated based on non-GAAP revenue and exclude stock-based compensation and amortization of certain intangible assets reflected in cost of revenue, (vi) non-GAAP loss from operations and non-GAAP operating margin, which are calculated based on operating loss and exclude adjustments to revenue, stock-based compensation and employer-related taxes, acquisition costs, and amortization of intangible assets, and (vii) non-GAAP operating expenses which include non-GAAP sales and marketing expense, non-GAAP research and development expense, and non-GAAP general and administrative expense exclude stock based compensation and employer-related taxes, acquisition related costs, and amortization of intangible assets.

Cornerstone OnDemand’s management uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to the corresponding GAAP measures, in evaluating Cornerstone OnDemand’s ongoing operational performance and trends and in comparing its financial measures with other companies in the same industry, many of which present similar non-GAAP financial measures to help investors understand the operational performance of their businesses. However, it is important to note that the particular items Cornerstone excludes from, or includes in, its non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures. A reconciliation of the non-GAAP financial measures to such GAAP measures has been provided in the tables included as part of this press release.

 
Cornerstone OnDemand, Inc.
CONSOLIDATED BALANCE SHEETS

(in thousands)

 
    December 31,     December 31,
2013 2012
Assets
Cash and cash equivalents $ 109,583 $ 76,442
Short-term investments 199,925
Accounts receivable, net 67,191 47,528
Deferred commissions 16,634 9,354
Prepaid expenses and other current assets   14,118     8,249  
Total current assets 407,451 141,573
 
Capitalized software development costs, net 10,665 7,007
Property and equipment, net 14,436 7,947
Intangible assets, net 4,632 6,887
Goodwill 8,193 8,193
Other assets, net   5,978     227  
Total Assets $ 451,355   $ 171,834  
 
Liabilities and Stockholders’ Equity
Liabilities:
Accounts payable $ 10,037 $ 4,849
Accrued expenses 22,288 14,986
Deferred revenue, current portion 135,322 87,759
Capital lease obligations, current portion 905 1,643
Debt, current portion 519 916
Other liabilities   4,203     3,885  
Total current liabilities 173,274 114,038
 
Convertible notes, net 217,965
Other liabilities, non-current 3,111 3,592
Deferred revenue, net of current portion 3,500 4,493
Capital lease obligations, net of current portion 218 1,227
Other long-term debt, net of current portion   392     1,836  
Total liabilities 398,460 125,186
 
Stockholders’ Equity:
Common stock 5 5
Additional paid-in capital 289,307 242,767
Accumulated deficit (236,467 ) (196,041 )
Accumulated other comprehensive income (loss)   50     (83 )
Total stockholders’ equity   52,895     46,648  
Total Liabilities and Stockholders’ Equity $ 451,355   $ 171,834  
 
 
Cornerstone OnDemand, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

 
    Three Months Ended       Year Ended
December 31, December 31,
2013     2012 2013     2012
 
Revenue $ 54,856 $ 36,426 185,129 117,914
Cost of revenue 1, 2   15,488     10,722     53,548     34,591  
Gross profit 39,368 25,704 131,581 83,323
 
Operating expenses:
Sales and marketing 1 31,852 21,280 109,737 73,563
Research and development 1 5,893 4,261 21,260 14,886
General and administrative 1 9,215 7,566 33,572 25,912
Amortization of certain acquired intangible assets   251     251     1,004     739  
Total operating expenses   47,211     33,358     165,573     115,100  
Loss from operations (7,843 ) (7,654 ) (33,992 ) (31,777 )
Other income (expense):
Interest income 205 - 357 -
Interest expense (3,001 ) (84 ) (6,563 ) (442 )
Other, net   (213 )   82     (356 )   40  
Other income (expense), net   (3,009 )   (2 )   (6,562 )   (402 )
Loss before income tax (provision) benefit (10,852 ) (7,656 ) (40,554 ) (32,179 )
Income tax (provision) benefit   97     239     128     789  
Net loss $

(10,755

) $ (7,417 ) $ (40,426 ) $ (31,390 )
Net loss per share, basic and diluted $ (0.21 ) $ (0.15 ) $ (0.79 ) $ (0.63 )
Weighted-average common shares outstanding, basic and diluted   52,185     50,486     51,427     49,929  
 

1 Includes stock-based compensation and employer-related taxes as follows:

 
Three Months Ended Year Ended
December 31, December 31,
2013 2012 2013 2012
 
Cost of revenue $ 746 $ 356 $ 2,324 $ 1,669
Sales and marketing 3,486 1,800 10,651 4,101
Research and development 702 354 2,129 982
General and administrative   1,936     1,494     6,905     5,652  
Total $ 6,870   $ 4,004   $ 22,009   $ 12,404  
 

2 Cost of revenue includes amortization of intangible assets as follows:

 
Three Months Ended Year Ended
December 31, December 31,
2013 2012 2013 2012
 
Cost of revenue $ 313 $ 305 $ 1,252 $ 964
 
 
Cornerstone OnDemand, Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

 
    Three Months Ended       Year Ended
December 31, December 31,
2013     2012 2013     2012
Cash flows from operating activities:
Net loss $ (10,755 ) $ (7,417 ) $ (40,426 ) $ (31,390 )
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization 2,703 2,098 9,700 7,037
Accretion of debt discount and amortization of debt issuance costs 2,006 37 4,273 143
Purchased investment premium, net of amortization 1,000

(2,031

)

Unrealized foreign exchange (gain) loss (133 ) (145 ) 242 (182 )
Stock-based compensation expense 6,577 3,909 20,840 12,207
Deferred income taxes (515 ) (398 ) (865 ) (965 )
Changes in operating assets and liabilities:
Accounts receivable (11,001 ) (2,196 ) (19,046 ) (12,254 )
Deferred commissions (4,044 ) (5,119 ) (7,085 ) (5,691 )
Prepaid expenses and other assets (1,808 ) (780 ) (6,057 ) (4,188 )
Accounts payable 2,071 (1,466 ) 5,082 190
Accrued expenses 4,520 5,201 6,828 6,325
Deferred revenue 28,668 19,584 45,230 35,327
Other liabilities   206     780     746     3,735  
Net cash provided by operating activities   19,495     14,088     17,431     10,294  
Cash flows from investing activities:
Purchases of investment securities (203,959 )
Maturities of investment securities 723 6,182
Purchases of property and equipment (2,295 ) (1,776 ) (8,762 ) (2,123 )
Capitalized software costs (1,919 ) (1,368 ) (6,906 ) (5,030 )
Cash paid for acquisition, net of cash acquired               (12,428 )
Net cash used in investing activities   (3,491 )   (3,144 )   (213,445 )   (19,581 )
Cash flows from financing activities:
Proceeds from convertible notes and payments of debt issuance costs 245,664
Payments for convertible note hedges (49,537 )
Proceeds from the issuance of warrants 23,225
Proceeds from issuance of debt 1,043 1,914 1,043
Repayment of debt (137 ) (260 ) (4,038 ) (1,510 )
Principal payments under capital lease obligations (358 ) (523 ) (1,747 ) (1,919 )
Proceeds from stock option and warrant exercises   4,209     714     13,447     2,698  
Net cash provided by financing activities   3,714     974     228,928     312  
Effect of exchange rate changes on cash and cash equivalents   224     32     227     8  
Net increase (decrease) in cash and cash equivalents 19,942 11,950 33,141 (8,967 )
Cash and cash equivalents at beginning of period   89,641     64,492     76,442     85,409  
Cash and cash equivalents at end of period $ 109,583 $ 76,442 $ 109,583 $ 76,442
 
 

Cornerstone OnDemand, Inc.

RECONCILIATIONS OF REVENUE TO NON-GAAP REVENUE, GROSS MARGIN TO NON-GAAP GROSS MARGIN, LOSS FROM OPERATIONS TO NON-GAAP LOSS FROM OPERATIONS AND OPERATING MARGIN TO NON-GAAP OPERATING MARGIN

(in thousands)
(unaudited)
 
    Three Months Ended       Year Ended
December 31, December 31,
2013     2012 2013     2012
Revenue $ 54,856 $ 36,426 $ 185,129 $ 117,914
Cost of revenue   15,488     10,722     53,548     34,591  
Gross profit $ 39,368   $ 25,704   $ 131,581   $ 83,323  
Gross margin 71.8 % 70.6 % 71.1 % 70.7 %
 
Revenue $ 54,856 $ 36,426 $ 185,129 $ 117,914
Adjustments to revenue 1       293     169     1,440  
Non-GAAP revenue $ 54,856   $ 36,719   $ 185,298   $ 119,354  
 
Cost of revenue $ 15,488 $ 10,722 $ 53,548 $ 34,591
Adjustments to costs of revenue
Amortization of intangible assets (313 ) (305 ) (1,252 ) (964 )
Stock based compensation and employer-related taxes   (746 )   (356 )   (2,324 )   (1,669 )
Total adjustments to cost of revenue   (1,059 )   (661 )   (3,576 )   (2,633 )
Non-GAAP costs of revenue   14,429     10,061     49,972     31,958  
Non-GAAP gross profit $ 40,427   $ 26,658   $ 135,326   $ 87,396  
Non-GAAP gross margin 73.7 % 72.6 % 73.0 % 73.2 %
 
Loss from operations $ (7,843 ) $ (7,654 ) $ (33,992 ) $ (31,777 )
Operating margin (14.3 )% (21.0 )% (18.4 )% (26.9 )%
Adjustments to loss from operations
Adjustments to revenue 1 293 169 1,440
Stock-based compensation and employer-related taxes 6,870 4,004 22,009 12,404
Acquisition costs 747
Amortization of intangible assets   564     556     2,256     1,703  
Total adjustments to loss from operations   7,434     4,853     24,434     16,294  
Non-GAAP loss from operations $ (409 ) $ (2,801 ) $ (9,558 ) $ (15,483 )
Non-GAAP operating margin (0.7 )% (7.6 )% (5.2 )% (13.0 )%
 
1  

Due to purchase accounting rules, upon acquisition, Cornerstone recorded an adjustment of $1.6 million to reduce the balance of deferred revenue related to the assumed client contracts acquired from Sonar Limited. As a result of this adjustment, $0.2 million of revenue was not recognized during the year ended December 31, 2013, and $0.3 million and $1.4 million for the three months and year ended December 31, 2012, respectively. Therefore, revenue is adjusted by an increase of $0.2 million to arrive at non-GAAP revenue for the year ended December 31, 2013, and $0.3 million and $1.4 million for the three months and year ended December 31, 2012, respectively.

 

Cornerstone OnDemand, Inc.

RECONCILIATIONS OF NET LOSS TO NON-GAAP NET LOSS AND NON-GAAP NET LOSS PER SHARE

(in thousands, except per share amounts)
(unaudited)
 
    Three Months Ended       Year Ended
December 31, December 31,
2013     2012 2013     2012
Net loss $ (10,755 ) $ (7,417 ) $ (40,426 ) $ (31,390 )
Adjustments to net loss
Stock-based compensation and employer-related payroll taxes 6,870 4,004 22,009 12,404
Acquisition related:
Adjustments to revenue 1 293 169 1,440
Amortization of intangible assets 492 492 1,969 1,446
Acquisition costs 747
Adjustments for income tax benefit 2 (391 ) (302 ) (742 ) (964 )
Accretion of debt discount and amortization of debt issuance costs 3 2,005 4,272
Other amortization costs and other expenses   72     64     287     358  
Total adjustments to net loss   9,048     4,551     27,964     15,431  
Non-GAAP net loss $ (1,707 ) $ (2,866 ) $ (12,462 ) $ (15,959 )
Weighted-average common shares outstanding, basic and diluted   52,185     50,486     51,427     49,929  
Non-GAAP net loss per share $ (0.03 ) $ (0.06 ) $ (0.24 ) $ (0.32 )
 
1   As of December 31, 2013, approximately $0.2 million in estimated revenues were not recognized during the year ended December 31, 2013, and $0.3 million and $1.4 million for the three months and year ended December 31, 2012, respectively, due to purchase accounting rules.
2 Income tax effects related to acquisition related adjustments.
3 Debt discount accretion and debt issuance cost amortization has been recorded in connection with our issuance of $253.0 million in convertible notes on June 17, 2013. These expenses represent non-cash charges that have been recorded in accordance with the authoritative accounting literature for such transactions.
 
 
Cornerstone OnDemand, Inc.
CALCULATIONS OF BOOKINGS
(dollars in thousands)
(unaudited)
 
    Deferred Revenue     Three Months Ended
Balance December 31, 2013
 
Revenue $ 54,856
Deferred revenue at September 30, 2013 $ 109,212
Deferred revenue at December 31, 2013   138,822
Change in deferred revenue 29,610   29,610  
Bookings $ 84,466  
 
Deferred Revenue Three Months Ended
Balance

December 31, 2012

 
Revenue $ 36,426
Deferred revenue at September 30, 2012 $ 72,622
Deferred revenue at December 31, 2012   92,252
Change in deferred revenue 19,630   19,630  
Bookings $ 56,056  
 
Percentage period-over-period increase in bookings for the three months ended December 31, 2013 51 %
 
Deferred Revenue

Year Ended

Balance

December 31, 2013

 
Revenue $ 185,129
Deferred revenue at December 31, 2012 $ 92,252
Deferred revenue at December 31, 2013   138,822
Change in deferred revenue 46,570   46,570  
Bookings $ 231,699  
 
Deferred Revenue

Year Ended

Balance

December 31, 2012

 
Revenue $ 117,914
Deferred revenue at December 31, 2011 $ 55,880
Deferred revenue at December 31, 2012   92,252
Change in deferred revenue 36,372   36,372  
Bookings $ 154,286  
 
Percentage period-over-period increase in bookings for the year ended December 31, 2013 50 %
 
 

Cornerstone OnDemand, Inc.

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO NON-GAAP NET CASH PROVIDED BY OPERATING ACTIVITIES

(in thousands)
(unaudited)
 
    Three Months Ended       Year Ended
December 31, December 31,
2013     2012 2013     2012
Net cash provided by operating activities $ 19,495 $ 14,088 $ 17,431 $ 10,294
Payment of acquisition related costs 747
Payment of employer related taxes from stock-based compensation 293 95 1,169 198
Purchased investment premium, net of amortization   (1,000 )     2,031  
Non-GAAP net cash provided by operating activities $ 18,788   $ 14,183 $ 20,631 $ 11,239
 

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
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 Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
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 @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed 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.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
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 Internet of @ThingsExpo, James Kirkland, Chief Ar...
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
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, discussed single-value, geo-spatial, and log time series dat...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...