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Brink's To Report Venezuela Results at SICAD II Exchange Rate

RICHMOND, Va., April 14, 2014 /PRNewswire/ -- The Brink's Company (NYSE: BCO) announced today that it will no longer use Venezuela's official exchange rate of 6.3 bolivars per U.S. dollar and has adopted the government's SICAD II floating rate of approximately 50 bolivars per U.S. dollar, which took effect on March 24.  

As a result of the devaluation, Brink's expects to incur a first-quarter remeasurement charge related to the write down of substantially all of its bolivar-denominated net monetary assets.  At December 31, 2013, bolivar-denominated net monetary assets totaled $120 million.

Tom Schievelbein, chairman, president and chief executive officer, said: "Brink's has been operating in Venezuela for more than 40 years, through numerous economic cycles.  We remain committed to this business, which is extremely well-managed by our local team and has demonstrated strong operational and financial performance."          

For comparative purposes, Brink's provided hypothetical 2013 quarterly and full-year non-GAAP results, adjusted to reflect the devaluation (pages 4-7).  Applying the current SICAD II rate, the $447 million of 2013 revenue from Venezuela operations would have declined 88% to approximately $56 million, which is consistent with the company's disclosure in its 2013 annual report on Form 10-K that a substantial devaluation could reduce revenue by $400 million.  In 2013, non-GAAP net income from continuing operations would have been $1.55 per share, a decrease of $.82 from reported earnings of $2.37 per share ($1.47 on a GAAP basis), which is consistent with previous disclosure that Venezuela operations represented a significant component of the company's operating profit.  Brink's also indicated in previous disclosures that a devaluation would put at risk the company's bolivar-denominated cash and cash equivalents, which totaled $94 million on December 31, 2013.  Applying the current SICAD II rate, these assets would have been valued at $12 million as of December 31, 2013.    

1

Brink's is scheduled to report its first-quarter 2014 earnings on April 24.  First-quarter GAAP and non-GAAP earnings will include results from Venezuela for January 1 through March 23 at the official rate (6.3), with the balance of March results reported at the SICAD II rate (approximately 50).  For comparative purposes, the company also will provide first-quarter results with Venezuela results translated at the SICAD II rate for the entire period and additional information, including an update to its full-year guidance.     

Brink's had been reporting its Venezuela results at the official exchange rate (6.3) but, as disclosed in its 2013 annual report on Form 10-K, was unable to convert bolivars at this rate.  In 2013, the Venezuelan government introduced a new exchange rate mechanism, known as SICAD, which enables some companies to convert currency for certain transactions at a rate of approximately 11 bolivars per U.S. dollar.  On March 24, the newly created SICAD II exchange mechanism became available and is the only rate at which Brink's has been able to successfully exchange its bolivars for U.S. dollars.  Since Brink's is eligible and has been able to obtain U.S. dollars at the SICAD II rate (approximately 50), and is not eligible to apply for exchange at the official rate (6.3), and does not expect to be able to access the SICAD rate (11), it is adopting the SICAD II rate for reporting Venezuela results. 

Non-GAAP and Adjusted Non-GAAP Results
Non-GAAP and Adjusted Non-GAAP results described in this press release are financial measures that are not required by or presented in accordance with U.S. generally accepted accounting principles ("GAAP").  The purpose of the Non-GAAP results is to report financial information without certain income and expense items and adjust the quarterly Non-GAAP tax rates so that the Non-GAAP tax rate in each of the quarters is equal to the full-year non-GAAP tax rate.  The full year Non-GAAP tax rate in both years excludes certain pretax and tax income and expense amounts.  The purpose of Adjusted Non-GAAP results is to report historical Non-GAAP financial information assuming that our Venezuelan operations had been remeasured using a rate of 50 bolivars to the U.S. dollar.

The Non-GAAP and Adjusted Non-GAAP information provides information to assist comparability and estimates of future performance.  Brink's believes these measures are helpful in assessing operations and estimating future results and enable period-to-period comparability of financial performance.  In addition, Brink's believes the measures will help investors assess the ongoing operations.  Non-GAAP and Adjusted Non-GAAP results should not be considered as an alternative to revenue, income or earnings per share amounts determined in accordance with GAAP and should be read in conjunction with their GAAP counterparts.

Forward-Looking Statements
This release contains both historical and forward-looking information. Words such as "anticipates," "assumes," "estimates," "expects," "projects," "predicts," "intends," "plans," "believes," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in this release includes, but is not limited to an expected first quarter charge related to a devaluation in Venezuela and future access to exchange mechanisms in Venezuela. Forward-looking information in this document is subject to known and unknown risks, uncertainties and contingencies, which are difficult to predict or quantify, and which could cause actual results, performance or achievements to differ materially from those that are anticipated.

These risks, uncertainties and contingencies, many of which are beyond our control, include, but are not limited to:

  • risks customarily associated with operating in foreign countries including changing labor and economic conditions, currency devaluations, safety and security issues, political instability, restrictions on repatriation of earnings and capital, nationalization, expropriation and other forms of restrictive government actions,
  • the strength of the U.S. dollar relative to foreign currencies and foreign currency exchange rates,
  • the stability of the Venezuelan economy, changes in Venezuelan policy regarding foreign-owned businesses,
  • changes in currency restrictions and in foreign exchange rates,
  • fluctuations in value of the Venezuelan bolivar,
  • changes in estimates and assumptions underlying our critical accounting policies, and
  • the promulgation and adoption of new accounting standards and interpretations, new government regulations and interpretations of existing regulations.

This list of risks, uncertainties and contingencies is not intended to be exhaustive. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the period ended December 31, 2013, and in our other public filings with the Securities and Exchange Commission. The forward-looking information included in this document is representative only as of the date of this document and The Brink's Company undertakes no obligation to update any information contained in this document.

2



The Brink's Company and subsidiaries
GAAP and Non-GAAP Results as Previously Reported (Unaudited)
(In millions, except for per share amounts)






2013



1Q


2Q


3Q


4Q


Full Year

















GAAP Basis

Revenues:












Latin America

$

412.9


413.6


423.8


470.4


1,720.7


EMEA


277.8


293.4


301.2


305.9


1,178.3


North America


223.2


226.3


222.5


226.4


898.4


Asia Pacific


36.6


36.6


34.9


36.7


144.8



Revenues

$

950.5


969.9


982.4


1,039.4


3,942.2














Operating profit:












Latin America

$

23.4


24.4


42.8


59.3


149.9


EMEA


8.6


18.7


32.1


22.1


81.5


North America


(2.0)


6.3


0.2


0.2


4.7


Asia Pacific


4.3


5.0


4.8


2.6


16.7



Segment operating profit


34.3


54.4


79.9


84.2


252.8


Non-segment


(17.0)


(21.6)


(20.7)


(21.8)


(81.1)



Operating profit

$

17.3


32.8


59.2


62.4


171.7














Amounts attributable to Brink's:











Income from continuing operations

$

2.9


13.2


29.8


26.0


71.9

Diluted EPS – continuing operations


0.06


0.27


0.61


0.53


1.47

















Non-GAAP Basis

Revenues:












Latin America

$

412.9


413.6


423.8


470.4


1,720.7


EMEA


277.8


293.4


301.2


305.9


1,178.3


North America


223.2


226.3


222.5


226.4


898.4


Asia Pacific


36.6


36.6


34.9


36.7


144.8



Revenues

$

950.5


969.9


982.4


1,039.4


3,942.2














Operating profit:












Latin America

$

37.1


24.9


43.6


62.4


168.0


EMEA


8.6


18.7


32.1


22.1


81.5


North America


0.9


9.2


3.1


3.1


16.3


Asia Pacific


4.3


5.0


4.8


3.5


17.6



Segment operating profit


50.9


57.8


83.6


91.1


283.4


Non-segment


(7.6)


(11.4)


(11.3)


(12.3)


(42.6)



Operating profit

$

43.3


46.4


72.3


78.8


240.8














Amounts attributable to Brink's:











Income from continuing operations

$

18.7


22.8


35.4


39.0


115.9

Diluted EPS – continuing operations


0.38


0.47


0.72


0.79


2.37


Amounts may not add due to rounding.  Non-GAAP results are reconciled to applicable GAAP results on pages 5-7.


The Brink's Company and subsidiaries
Non-GAAP Results Adjusted for Venezuelan Results at 50 Bolivars per U.S. Dollar (Unaudited)
(In millions, except for per share amounts)






2013



1Q


2Q


3Q


4Q


Full Year

















Non-GAAP Results Adjusted for Venezuelan Results at 50 Bolivars per U.S. Dollar

Revenues:












Latin America

$

328.4


329.7


323.7


347.4


1,329.2


EMEA


277.8


293.4


301.2


305.9


1,178.3


North America


223.2


226.3


222.5


226.4


898.4


Asia Pacific


36.6


36.6


34.9


36.7


144.8



Revenues

$

866.0


886.0


882.3


916.4


3,550.7














Operating profit:












Latin America

$

17.6


14.8


21.7


39.1


93.2


EMEA


8.6


18.7


32.1


22.1


81.5


North America


0.9


9.2


3.1


3.1


16.3


Asia Pacific


4.3


5.0


4.8


3.5


17.6



Segment operating profit


31.4


47.7


61.7


67.8


208.6


Non-segment


(7.6)


(11.4)


(11.3)


(12.3)


(42.6)



Operating profit

$

23.8


36.3


50.4


55.5


166.0














Amounts attributable to Brink's:











Income from continuing operations

$

9.2


16.1


22.8


27.8


75.9

Diluted EPS – continuing operations


0.19


0.33


0.46


0.57


1.55


Amounts may not add due to rounding.  Non-GAAP Results Adjusted for Venezuelan Results at 50 bolivars per U.S. dollar are reconciled to applicable GAAP results on pages 5 – 7.


The Brink's Company and subsidiaries
Non-GAAP and Adjusted Non-GAAP(g) Results Reconciled to GAAP (Unaudited)
(In millions, except for per share amounts)




GAAP
Basis


Gains and
Losses on
Acquisitions
and
Dispositions

(a)


Net Monetary
Asset Re-
measurement
Losses in
Venezuela

(b)


Employee
Benefit
Settlement
Losses

 (c)


U.S.
Retirement
Plans

(d)


Adjust
Income
Tax Rate

(e)


Non-
GAAP
Basis


Adjust
Venezuela
to 50
Bolivars to the U.S.
Dollar

(f)


Adjusted
Non-
GAAP
Basis

(g)

























First Quarter 2013

Revenues:




















Latin America

$

412.9


-


-


-


-


-


412.9


(84.5)


328.4


EMEA


277.8


-


-


-


-


-


277.8


-


277.8


North America


223.2


-


-


-


-


-


223.2


-


223.2


Asia Pacific


36.6


-


-


-


-


-


36.6


-


36.6



Revenues

$

950.5


-


-


-


-


-


950.5


(84.5)


866.0






















Operating profit:




















Latin America

$

23.4


-


13.4


0.3


-


-


37.1


(19.5)


17.6


EMEA


8.6


-


-


-


-


-


8.6


-


8.6


North America


(2.0)


-


-


-


2.9


-


0.9


-


0.9


Asia Pacific


4.3


-


-


-


-


-


4.3


-


4.3



Segment operating profit


34.3


-


13.4


0.3


2.9


-


50.9


(19.5)


31.4


Non-segment


(17.0)


(1.1)


-


-


10.5


-


(7.6)


-


(7.6)



Operating profit

$

17.3


(1.1)


13.4


0.3


13.4


-


43.3


(19.5)


23.8






















Amounts attributable to Brink's:



















Income from continuing operations

$

2.9


(1.1)


8.4


0.2


8.2


0.1


18.7


(9.5)


9.2

Diluted EPS – continuing operations


0.06


(0.02)


0.17


-


0.17


-


0.38


(0.19)


0.19










Second Quarter 2013

Revenues:




















Latin America

$

413.6


-


-


-


-


-


413.6


(83.9)


329.7


EMEA


293.4


-


-


-


-


-


293.4


-


293.4


North America


226.3


-


-


-


-


-


226.3


-


226.3


Asia Pacific


36.6


-


-


-


-


-


36.6


-


36.6



Revenues

$

969.9


-


-


-


-


-


969.9


(83.9)


886.0






















Operating profit:




















Latin America

$

24.4


-


-


0.5


-


-


24.9


(10.1)


14.8


EMEA


18.7


-


-


-


-


-


18.7


-


18.7


North America


6.3


-


-


-


2.9


-


9.2


-


9.2


Asia Pacific


5.0


-


-


-


-


-


5.0


-


5.0



Segment operating profit


54.4


-


-


0.5


2.9


-


57.8


(10.1)


47.7


Non-segment


(21.6)


-


-


-


10.2


-


(11.4)


-


(11.4)



Operating profit

$

32.8


-


-


0.5


13.1


-


46.4


(10.1)


36.3






















Amounts attributable to Brink's:



















Income from continuing operations

$

13.2


-


-


0.4


7.7


1.5


22.8


(6.7)


16.1

Diluted EPS – continuing operations


0.27


-


-


0.01


0.16


0.03


0.47


(0.14)


0.33


See page 7 for notes.

5


The Brink's Company and subsidiaries
Non-GAAP and Adjusted Non-GAAP(g) Results Reconciled to GAAP (Unaudited)
(In millions, except for per share amounts)




GAAP
Basis


Gains and
Losses on
Acquisitions
and
Dispositions

(a)


Net Monetary
Asset Re-
measurement
Losses in
Venezuela

(b)


Employee
Benefit
Settlement
Losses

 (c)


U.S.
Retirement
Plans

(d)


Adjust
Income
Tax
Rate

(e)


Non-
GAAP
Basis


Adjust
Venezuela
to 50
Bolivars to
the U.S.
Dollar

(f)


Adjusted
Non-
GAAP
Basis

(g)



























Third Quarter 2013


Revenues:





















Latin America

$

423.8


-


-


-


-


-


423.8


(100.1)


323.7



EMEA


301.2


-


-


-


-


-


301.2


-


301.2



North America


222.5


-


-


-


-


-


222.5


-


222.5



Asia Pacific


34.9


-


-


-


-


-


34.9


-


34.9




Revenues

$

982.4


-


-


-


-


-


982.4


(100.1)


882.3
























Operating profit:





















Latin America

$

42.8


-


-


0.8


-


-


43.6


(21.9)


21.7



EMEA


32.1


-


-


-


-


-


32.1


-


32.1



North America


0.2


-


-


-


2.9


-


3.1


-


3.1



Asia Pacific


4.8


-


-


-


-


-


4.8


-


4.8




Segment operating profit


79.9


-


-


0.8


2.9


-


83.6


(21.9)


61.7



Non-segment


(20.7)


(0.9)


-


-


10.3


-


(11.3)


-


(11.3)




Operating profit

$

59.2


(0.9)


-


0.8


13.2


-


72.3


(21.9)


50.4
























Amounts attributable to Brink's:




















Income from continuing operations

$

29.8


(0.9)


-


0.6


7.7


(1.8)


35.4


(12.6)


22.8


Diluted EPS – continuing operations


0.61


(0.02)


-


0.01


0.16


(0.04)


0.72


(0.26)


0.46

















































Fourth Quarter 2013


Revenues:





















Latin America

$

470.4


-


-


-


-


-


470.4


(123.0)


347.4



EMEA


305.9


-


-


-


-


-


305.9


-


305.9



North America


226.4


-


-


-


-


-


226.4


-


226.4



Asia Pacific


36.7


-


-


-


-


-


36.7


-


36.7




Revenues

$

1,039.4


-


-


-


-


-


1,039.4


(123.0)


916.4
























Operating profit:





















Latin America

$

59.3


2.2


-


0.9


-


-


62.4


(23.3)


39.1



EMEA


22.1


-


-


-


-


-


22.1


-


22.1



North America


0.2


-


-


-


2.9


-


3.1


-


3.1



Asia Pacific


2.6


0.9


-


-


-


-


3.5


-


3.5




Segment operating profit


84.2


3.1


-


0.9


2.9


-


91.1


(23.3)


67.8



Non-segment


(21.8)


(0.8)


-


-


10.3


-


(12.3)


-


(12.3)




Operating profit

$

62.4


2.3


-


0.9


13.2


-


78.8


(23.3)


55.5
























Amounts attributable to Brink's:




















Income from continuing operations

$

26.0


4.0


-


0.6


8.2


0.2


39.0


(11.2)


27.8


Diluted EPS – continuing operations


0.53


0.08


-


0.01


0.17


-


0.79


(0.23)


0.57



See page 7 for notes.

The Brink's Company and subsidiaries
Non-GAAP and Adjusted Non-GAAP(g) Results Reconciled to GAAP (Unaudited)
(In millions, except for per share amounts)




GAAP
Basis


Gains and
Losses on
Acquisitions
and
Dispositions

(a)


Net Monetary
Asset Re-
measurement
Losses in
Venezuela

(b)


Employee
Benefit
Settlement
Losses

(c)


U.S.
Retirement
Plans

(d)


Adjust
Income
Tax
Rate

(e)


Non-
GAAP
Basis


Adjust
Venezuela
to 50
Bolivars to
the U.S.
Dollar

(f)


Adjusted
Non-
GAAP
Basis

(g)

























Full Year 2013

Revenues:




















Latin America

$

1,720.7


-


-


-


-


-


1,720.7


(391.5)


1,329.2


EMEA


1,178.3


-


-


-


-


-


1,178.3


-


1,178.3


North America


898.4


-


-


-


-


-


898.4


-


898.4


Asia Pacific


144.8


-


-


-


-


-


144.8


-


144.8



Revenues

$

3,942.2


-


-


-


-


-


3,942.2


(391.5)


3,550.7






















Operating profit:




















Latin America

$

149.9


2.2


13.4


2.5


-


-


168.0


(74.8)


93.2


EMEA


81.5


-


-


-


-


-


81.5


-


81.5


North America


4.7


-


-


-


11.6


-


16.3


-


16.3


Asia Pacific


16.7


0.9


-


-


-


-


17.6


-


17.6



Segment operating profit


252.8


3.1


13.4


2.5


11.6


-


283.4


(74.8)


208.6


Non-segment


(81.1)


(2.8)


-


-


41.3


-


(42.6)


-


(42.6)



Operating profit

$

171.7


0.3


13.4


2.5


52.9


-


240.8


(74.8)


166.0






















Amounts attributable to Brink's:



















Income from continuing operations

$

71.9


2.0


8.4


1.8


31.8


-


115.9


(40.0)


75.9

Diluted EPS – continuing operations


1.47


0.04


0.17


0.04


0.65


-


2.37


(0.82)


1.55



(a)   

To eliminate:


  • a $1.1 million adjustment in the first quarter of 2013 to the amount of gain recognized on a 2010 business acquisition in Mexico as a result of a favorable adjustment to the purchase price received in the first quarter of 2013.
  •  $1.7 million of adjustments in the third and fourth quarters of 2013 primarily related to the January 2013 acquisition of Rede Trel in Brazil.
  • $3.1 million in adjustments in the fourth quarter of 2013 related to the increase in a loss contingency assumed in the 2010 Mexico acquisition and the impairment of an intangible asset acquired in the 2009 India acquisition.
  • a $2.6 million tax adjustment related to the Belgium disposition.



(b)   

To eliminate currency exchange losses related to a 16% devaluation of the official exchange rate in Venezuela from 5.3 to 6.3 bolivars to the U.S. dollar in February 2013.

(c)  

To eliminate employee benefit settlement losses in Mexico. 

(d)  

To eliminate expenses related to U.S. retirement plans.

(e)  

To adjust effective income tax rate in the interim period to be equal to the full-year non-GAAP effective income tax rate.  The full-year non-GAAP effective tax rate for 2013 is 33.3%.

(f)  

Effective March 24, 2014, Brink's began remeasuring its Venezuelan operating results using currency exchange rates reported under a newly established currency exchange process in Venezuela (the "SICAD II process").  The rate published for this process averaged 51 for the last 7 days in March 2014 and 50 at March 31, 2014. This adjustment reflects a hypothetical remeasurement of Brink's Venezuela's 2013 revenue and operating results using a rate of 50 bolivars to the U.S. dollar, which approximates the rate observed in the new SICAD II currency exchange process in March 2014.  Losses that would have been recognized in 2013 had Brink's used a rate of 50 bolivars to the U.S. dollar to remeasure its net monetary assets have been excluded from this adjustment and the Adjusted Non-GAAP results.

(g)  

Non-GAAP results adjusted for Venezuelan results at 50 bolivars per U.S. dollar.


Amounts may not add due to rounding.

 

7

Contact:
Investor Relations
804.289.9709

SOURCE The Brink's Company

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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...
“This win means a great deal to us because it is decided by the readers – the people who understand how use of our technology enables new insights that drive the business,” said Matt Davies, senior director, EMEA marketing, Splunk. “Splunk Enterprise enables organizations to improve service levels, reduce operations costs, mitigate security risks, enhance DevOps collaboration, create new product and service offerings and obtain deeper insight into customer behavior. Being named Best Business App...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP ...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile ...
At 15th Cloud Expo, Shrikant Pattathil, Executive Vice President at Harbinger Systems, demos a video delivery platform that helps you do interactive videos. He discusses how Harbinger is accomplishing it in the cloud world, the problems they faced and the choices they made to get around these problems.
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...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
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.
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by minin...
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mo...
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immed...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...