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Century Casinos, Inc. Announces Fourth Quarter and Year Ended 2013 Results

COLORADO SPRINGS, Colo., March 31, 2014 /PRNewswire/ -- Century Casinos, Inc. (NASDAQ Capital Market® and Vienna Stock Exchange: CNTY) today announced its financial results for the three months and year ended December 31, 2013.

2013 Highlights*

  • Net operating revenue was $104.6 million, a 46% increase from the year ended December 31, 2012.
  • Adjusted EBITDA** was $12.6 million, a 20% increase from the year ended December 31, 2012.
  • Net earnings attributable to Century Casinos, Inc. shareholders were $6.2 million, a 51% increase from the year ended December 31, 2012.
  • Earnings per share were $0.26.
  • Book value per share *** at December 31, 2013 was $5.00.

Fourth Quarter 2013 Highlights*

  • Net operating revenue was $29.4 million, a 66% increase from the three months ended December 31, 2012.
  • Adjusted EBITDA** was $2.2 million, a 3% increase from the three months ended December 31, 2012.
  • Net losses attributable to Century Casinos, Inc. shareholders were $0.2 million, a 134% decrease from the three months ended December 31, 2012.
  • Losses per share were $0.01.  

The period over period increases in net operating revenue and Adjusted EBITDA relate to the inclusion of operating results from Casinos Poland Ltd. (CPL) beginning in the second quarter of 2013. In April 2013, the Company completed the purchase of an additional 33.3% ownership interest in CPL. The Company owns a 66.6% ownership interest in CPL and consolidates CPL financial information as a majority-owned subsidiary for which the Company has a controlling financial interest. Prior to the acquisition of this additional interest in CPL, the Company owned 33.3% of CPL and accounted for the CPL ownership interest as an equity investment.

On November 29, 2013, our subsidiary Century Casinos Europe GmbH finalized credit and management agreements with United Horsemen of Alberta, Inc. (UHA) in connection with the development of a Racing Entertainment Center (REC) project in the north metropolitan area of Calgary, Alberta, Canada. The project will include a horse race track and other gaming, restaurant and entertainment facilities. Under the agreements, we acquired 15% of UHA, control the UHA board of directors and will manage the development and operation of the REC project. As of November 29, 2013, we began consolidating UHA as a minority owned subsidiary for which we have a controlling financial interest. While unaffiliated shareholders currently own the remaining 85% of UHA, we have the right to convert $11 million (that we will provide out of a total of $24 million for the development of the REC project) into a 60% ownership stake in UHA, bringing our total to 75%. We account for and report the current 85% UHA ownership interest that we do not own as a non-controlling financial interest.









For the Three Months

For the Year

Amounts in thousands, except per share data

Ended December 31,

Ended December 31,

Consolidated Results:

2013

2012

% Change

2013

2012

% Change

Net operating revenue

$29,424

$17,745

66%

$104,588

$71,828

46%

(Loss) earnings from operations

(16)

894

(102%)

5,483

5,776

(5%)

Net (loss) earnings

(211)

624

(134%)

6,181

4,091

51%








Adjusted EBITDA**

$2,189

$2,123

3%

$12,636

$10,563

20%








Earnings per share:







Basic

($0.01)

$0.03

(133%)

$0.26

$0.17

53%

Diluted

($0.01)

$0.03

(133%)

$0.26

$0.17

53%

Weighted average common shares: 







Basic 

24,378

24,127


24,052

24,004


Diluted

24,365

24,145


24,213

24,105


Said Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos: "Since the end of the third quarter of 2013, it has been quite challenging for casino operators in many regional North American gaming markets, and we were certainly no exception to that trend. Our business performed behind expectations, mostly because of unusual external challenges such as the devastating floods in Colorado and Calgary in the summer and the strong storms in the winter.

During 2013, against a backdrop of ongoing uncertainty in the macroeconomic picture and consumer weakness in most of the markets that we operate in, we made significant progress with the implementation of our strategy to increase shareholder value. From an operational perspective, we diligently focused on refining and adjusting our product, our marketing and our amenities. We've also improved our operational and financial flexibility, which will allow us to consider a variety of potential growth opportunities that we believe will create significant value for our business and our investors in the years to come. We are particularly excited about the development progress and potential of the Century Downs racetrack and casino in Calgary."

Three Months and Year Ended December 31, 2013 Results*

Net operating revenue increased by $11.7 million, or 66%, and increased by $32.8 million, or 46%, for the three months and year ended December 31, 2013 compared to the three months and year ended December 31, 2012. Following is a summary of the changes in net operating revenue by property or category for the three months and year ended December 31, 2013 compared to the three months and year ended December 31, 2012:







Net Operating Revenue


For the Three Months

For the Year


 Ended December 31,

Ended December 31,


2013/2012

2013/2012

Amounts in millions

Change

% Change

Change

% Change

Century Casino & Hotel, Edmonton

$0.0

(1%)

$0.7

3%

Century Casino, Calgary

(0.4)

(19%)

(1.4)

(14%)

Century Casino & Hotel, Central City

(0.4)

(9%)

(1.1)

(6%)

Century Casino & Hotel, Cripple Creek

(0.1)

(3%)

(0.1)

(1%)

Casinos Poland

12.8

100%

34.8

100%

Cruise Ships & Other

(0.2)

(10%)

(0.1)

(1%)

United Horsemen of Alberta

0.0

100%

0.0

100%

Total

$11.7

66%

$32.8

46%

Earnings from operations decreased by ($0.9) million, or (102%), and decreased by ($0.3) million, or (5%) for the three months and year ended December 31, 2013 compared to the three months and year ended December 31, 2012. Following is a summary of the changes in earnings from operations by property or category for the three months and year ended December 31, 2013 compared to the three months and year ended December 31, 2012:







Earnings from Operations


For the Three Months

For the Year


 Ended December 31,

Ended December 31,


2013/2012

2013/2012

Amounts in millions

Change

% Change

Change

% Change

Century Casino & Hotel, Edmonton

$0.0

2%

$0.9

14%

Century Casino, Calgary

(0.1)

(77%)

0.4

66%

Century Casino & Hotel, Central City

(0.1)

(27%)

(0.5)

(22%)

Century Casino & Hotel, Cripple Creek

0.0

(175%)

0.2

18%

Casinos Poland

(0.2)

(100%)

0.3

100%

Cruise Ships & Other

0.1

109%

0.1

14%

United Horsemen of Alberta

0.1

100%

0.1

100%

Corporate Other

(0.7)

(53%)

(1.8)

(37%)

Total

($0.9)

(102%)

($0.3)

(5%)

Net earnings (loss) decreased by ($0.8) million, or (134%), and increased by $2.1 million, or 51% for the three months and year ended December 31, 2013 compared to the three months and year ended December 31, 2012. Following is a summary of the changes in net earnings (loss) by property or category for the three months and year ended December 31, 2013 compared to the three months and year ended December 31, 2012:







Net Earnings (Loss)


For the Three Months

For the Year


 Ended December 31,

Ended December 31,


2013/2012

2013/2012

Amounts in millions

Change

% Change

Change

% Change

Century Casino & Hotel, Edmonton

$0.0

(2%)

$1.0

22%

Century Casino, Calgary

0.0

36%

$0.5

94%

Century Casino & Hotel, Central City

(0.1)

(27%)

(0.3)

(22%)

Century Casino & Hotel, Cripple Creek

0.0

(171%)

0.1

18%

Casinos Poland

(0.4)

(100%)

0.0

100%

Cruise Ships & Other

0.1

137%

0.1

12%

United Horsemen of Alberta

0.0

(100%)

0.0

(100%)

Corporate Other

(0.4)

(40%)

0.7

24%

Total

($0.8)

(134%)

$2.1

51%

Items deducted from or added to earnings from operations to arrive at net earnings include gain on business combination related to the acquisition of the additional ownership interests in CPL and UHA, interest income, interest expense, gains on foreign currency transactions, income tax expense and non-controlling interest.

Property and Category Results (in thousands)

The following are property and category results for net operating revenue and Adjusted EBITDA.















Net Operating Revenue

 


Adjusted

EBITDA**

 


Net Operating

Revenue

 


Adjusted

EBITDA**

 



For the Three

Months

%

For the Three 

Months

%

For the Year

%

For the Year

%


Ended

December 31,

 

Change

 

Ended 

December 31,

 

Change

 

Ended December

31,

 

Change

 

Ended December

31,

 

Change


2013

2012


2013

2012


2013

2012


2013

2012















Century Casino & Hotel, Edmonton

$6,462

$6,499

(1%)

$2,161

$2,141

1%

$25,217

$24,536

3%

$8,926

$7,959

12%

Century Casino, Calgary

2,115

2,594

(19%)

96

159

(40%)

8,507

9,929

(14%)

706

228

210%

Century Casino & Hotel, Central City

3,957

4,354

(9%)

571

714

(20%)

17,374

18,501

(6%)

3,239

3,875

(16%)

Century Casino & Hotel, Cripple Creek

2,446

2,524

(3%)

260

261

(0%)

11,819

11,931

(1%)

2,604

2,385

9%

Casinos Poland

12,831

0

100%

872

0

100%

34,817

0

100%

2,749

0

100%

Cruise Ships & Other

1,587

1,766

(10%)

200

157

27%

6,827

6,923

(1%)

997

929

7%

United Horsemen of Alberta

25

0

100%

6

0

100%

25

0

100%

6

0

100%

Corporate

1

8

(88%)

(1,977)

(1,309)

(51%)

2

8

(75%)

(6,591)

(4,813)

(37%)

Consolidated

$29,424

$17,745

66%

$2,189

$2,123

3%

$104,588

$71,828

46%

$12,636

$10,563

20%

Balance Sheet and Liquidity

As of December 31, 2013, the Company had $27.4 million in cash and cash equivalents and $34.1 million in outstanding debt on its balance sheet compared to $24.8 million in cash and cash equivalents and $3.6 million in debt obligations at December 31, 2012. The $34.1 million in outstanding debt includes $6.5 million in outstanding debt related to CPL, $18.3 million in outstanding debt related to a long-term land lease of UHA and $9.3 million in outstanding debt related to our Bank of Montreal credit agreement as of December 31, 2013. On February 21, 2013, the Company borrowed $7.2 million from its Bank of Montreal credit agreement to pay for the additional 33.3% investment in CPL, which closed on April 8, 2013. The Bank of Montreal credit agreement has a term of five years and is guaranteed by the Company. Once repaid, amounts cannot be reborrowed. As of December 31, 2013, the Company had approximately $16.0 million available for borrowing under the Bank of Montreal credit agreement.

Conference Call Information

Today the Company will post a copy of the annual report on Form 10-K filed with the SEC for the year ended December 31, 2013 on its website at http://corporate.cnty.com/investor-relations/sec-filings.

Century Casinos will host its fourth quarter 2013 earnings conference call today at 8:00 am MDT; 4:00 pm CET, respectively. U.S. domestic participants should dial 1-888-299-7212. For all other international participants, please use 719-234-0008 to dial-in. Participants may also listen to the call live or obtain a recording of the call on the Company's website until April 11, 2014 at http://corporate.cnty.com/investor-relations/sec-filings.

*Amounts presented are rounded.  As such, rounding differences could occur in period over period changes and percentages reported.

**Adjusted EBITDA is a Non-GAAP financial measure.  See discussion and reconciliation of Non-GAAP financial measures in Supplemental Information below.

*** The Company defines book value per share as total Century Casinos shareholders' equity divided by outstanding common shares.

(continued)

CENTURY CASINOS, INC. AND SUBSIDIARIES

FINANCIAL INFORMATION – US GAAP BASIS







For the Three Months

Ended December 31,

For the Year 

Ended December 31,




Amounts in thousands, except for per share information

2013

2012

2013

2012

Operating revenue:





Net operating revenue

29,424

17,745

104,588

71,828

Operating costs and expenses:





Total operating costs and expenses

29,433

16,896

98,970

66,478

Earnings from equity investment

(7)

45

(135)

426

Earnings from operations

(16)

894

5,483

5,776

Non-operating income (expense):





Gain on business combination

404

0

2,478

0

  Interest income

55

1

73

37

  Interest expense

(433)

(70)

(983)

(670)

  Gains on foreign currency transactions and other

84

(5)

318

(24)

Non-operating income (expense), net

110

(74)

1,886

(657)

Earnings before income taxes and non-controlling interest

94

820

7,369

5,119

Income tax provision

609

196

1,294

1,028

Net (loss) earnings

(515)

624

6,075

4,091

Less: Net (earnings) loss attributable to non-controlling interest

(304)

0

106

0

Net earnings attributable to Century Casinos, Inc. shareholders

($211)

$624

$6,181

$4,091






Earnings per share attributable to Century Casinos, Inc.:





  Basic

($0.01)

$0.03

$0.26

$0.17

  Diluted

($0.01)

$0.03

$0.26

$0.17

 

CENTURY CASINOS, INC. AND SUBSIDIARIES

FINANCIAL INFORMATION – US GAAP BASIS




Century Casinos, Inc.



Condensed Consolidated Balance Sheets



(Amounts in thousands)




December 31,

December 31,


2013

2012

Assets



Current assets

$32,360

$26,535

Property and equipment, net

132,639

99,526

Other assets

25,625

11,275

Total assets

$190,624

$137,336




Liabilities and Shareholders' Equity



Current liabilities

$26,801

$13,071

Non-current liabilities

34,373

6,109

Shareholders' equity

129,450

118,156

Total liabilities and shareholders' equity

$190,624

$137,336

 

CENTURY CASINOS, INC. AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION


Century Casinos, Inc.

Adjusted EBITDA Margins ** by Property or Category







For the Three Months

For the Year





Ended December 31,

Ended December 31,


2013

2012

2013

2012

Century Casino & Hotel, Edmonton

33%

33%

35%

32%

Century Casino, Calgary

5%

6%

8%

2%

Century Casino & Hotel, Central City

14%

16%

19%

21%

Century Casino & Hotel, Cripple Creek

11%

10%

22%

20%

Casinos Poland

7%

0%

8%

0%

Cruise Ships & Other

13%

9%

15%

13%

United Horsemen of Alberta

24%

0%

24%

0%

Consolidated Adjusted EBITDA Margin

7%

12%

12%

15%

 

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or Category

For the three months ended December 31, 2013


Amounts in thousands












Three Months Ended December 31, 2013


Edmonton

Calgary

Central City

Cripple Creek

Casinos Poland

Cruise

Ships &

Other

United Horsemen of Alberta

Corporate

Total

Net earnings (loss)

$1,385

($29)

$173

($5)

($386)

$71

($2)

($1,418)

($211)

Interest income

(16)

0

0

0

(8)

0

0

(31)

(55)

Interest expense

104

0

0

(1)

158

0

171

1

433

Income taxes (benefit)

445

(98)

106

(3)

332

23

6

(202)

609

Depreciation and amortization

253

229

292

240

784

100

0

30

1,928

Non-controlling interest

0

0

0

0

(192)

0

(112)

0

(304)

Non-cash stock based compensation

0

0

0

0

0

0

0

22

22

Foreign currency losses (gains)

(13)

(6)

0

0

(66)

0

0

1

(84)

(Gain) loss on disposition of fixed assets

3

0

0

29

242

6

0

24

304

(Gain) on business combination

0

0

0

0

0

0

0

(404)

(404)

Impairments and other write-offs

0

0

0

0

8

0

(57)

0

(49)

Adjusted EBITDA*

$2,161

$96

$571

$260

$872

$200

$6

($1,977)

$2,189

 

CENTURY CASINOS, INC. AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION


Century Casinos, Inc.

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or Category

For the three months ended December 31, 2012


Amounts in thousands










Three Months Ended December 31, 2012


Edmonton

Calgary

Central City

Cripple Creek

Cruise Ships & Other

Corporate

Total

Net earnings (loss)

$1,407

($45)

$236

$7

$30

($1,011)

$624

Interest income

0

0

0

0

0

(1)

(1)

Interest expense

57

0

0

0

11

2

70

Income taxes (benefit)

417

(35)

145

5

5

(341)

196

Depreciation and amortization

264

230

329

247

113

38

1,221

Non-cash stock based compensation

0

0

0

0

0

(4)

(4)

Foreign currency losses (gains)

(4)

5

0

0

(1)

5

5

(Gain) loss on disposition of fixed assets

0

4

4

2

(1)

1

10

Other write-offs

0

0

0

0

0

2

2

Adjusted EBITDA*

$2,141

$159

$714

$261

$157

($1,309)

$2,123

 

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or Category

For the year ended December 31, 2013


Amounts in thousands












Year Ended December 31, 2013


Edmonton

Calgary

Central City

Cripple Creek

Casinos Poland

Cruise

Ships &

Other

United Horsemen of Alberta

Corporate

Total

Net earnings (loss)

$5,703

($31)

$1,225

$1,004

$12

$504

($2)

($2,234)

$6,181

Interest income

(16)

0

0

0

(10)

0

0

(47)

(73)

Interest expense

429

0

0

0

384

(3)

171

2

983

Income taxes (benefit)

1,809

(172)

750

615

145

81

6

(1,940)

1,294

Depreciation and amortization

1,028

920

1,269

956

1,903

402

0

121

6,599

Non-controlling interest

0

0

0

0

6

0

(112)

0

(106)

Non-cash stock based compensation

0

0

0

0

0

0

0

33

33

Foreign currency losses (gains)

(30)

(11)

0

0

(204)

(1)

0

(72)

(318)

(Gain) loss on disposition of fixed assets

3

0

(5)

29

505

14

0

24

570

(Gain) on business combination

0

0

0

0

0

0

0

(2,478)

(2,478)

Impairments and other write-offs

0

0

0

0

8

0

(57)

0

(49)

Adjusted EBITDA*

$8,926

$706

$3,239

$2,604

$2,749

$997

$6

($6,591)

$12,636

 

CENTURY CASINOS, INC. AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION


Century Casinos, Inc.

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or Category

For the year ended December 31, 2012


Amounts in thousands











Year Ended December 31, 2012


Edmonton

Calgary

Central City

Cripple Creek

Cruise Ships & Other

Corporate

Total

Net earnings (loss)

$4,688

($527)

$1,561

$854

$450

($2,935)

$4,091

Interest income

(12)

(1)

0

0

0

(24)

(37)

Interest expense

656

0

0

0

11

3

670

Income taxes (benefit)

1,595

(117)

956

522

49

(1,977)

1,028

Depreciation and amortization

1,010

860

1,350

1,007

404

126

4,757

Non-cash stock based compensation

0

0

0

0

0

(4)

(4)

Foreign currency losses (gains)

20

9

0

0

0

(5)

24

(Gain) loss on disposition of fixed assets

2

4

8

2

15

1

32

Other write-offs

0

0

0

0

0

2

2

Adjusted EBITDA*

$7,959

$228

$3,875

$2,385

$929

($4,813)

$10,563

*  The Company defines Adjusted EBITDA as net earnings (loss) before interest, income taxes (benefit), depreciation, amortization, pre-opening expenses, non-cash stock based compensation charges, asset impairment costs, (gains) losses on disposition of fixed assets, discontinued operations, realized foreign currency (gains) losses, gain on business combination and certain other one-time items. Intercompany transactions consisting primarily of management and royalty fees and interest, along with their related tax effects, are excluded from the presentation of net earnings and Adjusted EBITDA reported for each property. Not all of the aforementioned items occur in each reporting period, but have been included in the definition based on historical activity. These adjustments have no effect on the consolidated results as reported under accounting principles generally accepted in the United States of America ("US GAAP"). Adjusted EBITDA is not considered a measure of performance recognized under US GAAP. Management believes that Adjusted EBITDA is a valuable measure of the relative performance of the Company and its properties. The gaming industry commonly uses Adjusted EBITDA as a method of arriving at the economic value of a casino operation. Management uses Adjusted EBITDA to compare the relative operating performance of separate operating units by eliminating the above mentioned items associated with the varying levels of capital expenditures for infrastructure required to generate revenue, and the often high cost of acquiring existing operations. EBITDA (Earnings before interest, taxes, depreciation and amortization) is used by the Company's lending institution to gauge operating performance. The Company's computation of Adjusted EBITDA may be different from, and therefore may not be comparable to, similar measures used by other companies within the gaming industry. Please see the reconciliation of Adjusted EBITDA to net earnings (loss) above.

CENTURY CASINOS, INC. AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION

**  The Company defines Adjusted EBITDA margin as Adjusted EBITDA divided by net operating revenue. Management uses this margin as one of several measures to evaluate the efficiency of the Company's casino operations.

About Century Casinos, Inc.:

Century Casinos, Inc. is an international casino entertainment company that owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada and the Century Casino in Calgary, Alberta, Canada. The Company also operates casinos aboard twelve luxury cruise vessels (Regatta, Nautica, Marina, Riviera, Mein Schiff 1, Mein Schiff 2, Wind Surf, Wind Star, Wind Spirit, Seven Seas Voyager, Seven Seas Mariner and Seven Seas Navigator). Through its Austrian subsidiary, Century Casinos Europe GmbH, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of nine casinos in Poland. The Company also manages the operations of the casino at the Radisson Aruba Resort, Casino & Spa in Aruba, Caribbean. The Company is currently developing a project in the north metropolitan area of Calgary, Alberta, Canada that will include a horse race track and other gaming, restaurant and entertainment facilities. Century Casinos, Inc. continues to pursue other international projects in various stages of development.

For more information about Century Casinos, visit our website at www.centurycasinos.com. Century Casinos' common stock trades on The NASDAQ Capital Market® and the Vienna Stock Exchange under the symbol CNTY.

This release may contain "forward-looking statements" within the meaning of Section 27A of the Security Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements include, but are not limited to, statements regarding future results of operations (including results for Casinos Poland, Ltd.), operating efficiencies, synergies and operational performance, development of and the prospects for the REC project, debt repayment and plans for our casinos and our Company. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, among others, the risks described in the section entitled "Risk Factors" under Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2013. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.

SOURCE Century Casinos, Inc.

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Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been ...
VictorOps is making on-call suck less with the only collaborative alert management platform on the market. With easy on-call scheduling management, a real-time incident timeline that gives you contextual relevance around your alerts and powerful reporting features that make post-mortems more effective, VictorOps helps your IT/DevOps team solve problems faster.
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data th...
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, will discuss why containers should be paired with new architectural practices such as microservices ra...
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
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 @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared 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, de...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focu...
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
The 3rd International @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 - is now accepting submissions to demo smart cars on the Expo Floor. Smart car sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem.
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
Thanks to Docker, it becomes very easy to leverage containers to build, ship, and run any Linux application on any kind of infrastructure. Docker is particularly helpful for microservice architectures because their successful implementation relies on a fast, efficient deployment mechanism – which is precisely one of the features of Docker. Microservice architectures are therefore becoming more popular, and are increasingly seen as an interesting option even for smaller projects, instead of bein...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
FedRAMP is mandatory for government cloud deployments and businesses need to comply in order to provide services for federal engagements. In his session at 16th Cloud Expo, Abel Sussman, Director for Coalfire Public Sector practice, will review the Federal Risk and Authorization Management Program (FedRAMP) process and provide advice on overcoming common compliance obstacles.