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Fusion-io Reports Fiscal Third Quarter 2014 Results

SALT LAKE CITY, April 23, 2014 /PRNewswire/ -- Fusion-io (NYSE: FIO) today announced its financial results for its fiscal third quarter ended March 31, 2014. 

  • Revenue: $100.5 million
  • GAAP Gross Margin of 51.0% and Non-GAAP Gross Margin of 52.4%
  • GAAP Net Loss per Diluted Share: $0.29
  • Non-GAAP Net Loss per Diluted Share: $0.10
  • Cash and Cash Equivalents: $225.1 million
Fusion-io delivers the world's data faster. Our Fusion ioMemory platform and software defined storage solutions accelerate virtualization, databases, cloud computing, big data and performance applications. From e-commerce retailers to the world's social media leaders and Fortune Global 500 companies, our customers are improving the performance and efficiency of their data centers with Fusion-io technology to accelerate the critical applications of the information economy.

FISCAL THIRD QUARTER 2014 GAAP FINANCIAL RESULTS
Fusion-io reported revenue of $100.5 million for the fiscal third quarter of 2014, compared to $87.7 million for the same quarter of 2013. Net loss for the fiscal third quarter of 2014 was $30.7 million, or a net loss per diluted share of $0.29, compared to a net loss of $20.0 million, or a net loss per diluted share of $0.21, in the fiscal third quarter of 2013. Gross margin for the fiscal third quarter of 2014 was 51.0%. Operating margin for the fiscal third quarter of 2014 was a negative 30.1%.

FISCAL THIRD QUARTER 2014 NON-GAAP FINANCIAL RESULTS  
Non-GAAP net loss for the fiscal third quarter of 2014 was $10.5 million, or a net loss per diluted share of $0.10, compared to non-GAAP net loss of $3.2 million, or a net loss per diluted share of $0.03 in the same quarter of 2013. Non-GAAP gross margin for the fiscal third quarter of 2014 was 52.4%. Non-GAAP operating margin for the fiscal third quarter of 2014 was a negative 16.7%. A complete reconciliation of GAAP to non-GAAP results is set forth in the attachment to this press release.

"We are pleased to deliver 6% sequential revenue growth this quarter while making investments in the team, technology and partnerships that we believe will drive the business forward," said Shane Robison, Fusion-io chairman and chief executive officer. "In Q3, we evolved our solutions-based go-to-market strategy through close collaboration with our OEM and ISV partners to offer our customers significant performance gains while lowering their datacenter operating expense." 

Ted Hull, Fusion-io chief financial officer, added: "We have a healthy balance sheet with $225 million in cash and cash equivalents that gives us strategic flexibility to invest in our market-leading in-server acceleration solutions as well as in the growth of our all-flash and hybrid appliances. Our ability to offer end-to-end flash memory solutions creates value for customers and differentiates us in the industry, while further diversifying our business."

OTHER FINANCIAL HIGHLIGHTS

  • Cash and cash equivalents totaled $225.1 million at the end of fiscal third quarter 2014, a decrease of $18.8 million from the prior quarter-end.
  • Inventory was $72.7 million at the end of fiscal third quarter 2014, a decrease of $7.7 million from the prior quarter-end.
  • Capital expenditures were $2.9 million in fiscal third quarter 2014 and $8.7 million fiscal year-to-date.
  • Cash used in operations was $18.8 million in fiscal third quarter 2014 and $22.9 million fiscal year-to-date.

RECENT BUSINESS HIGHLIGHTS

  • On April 15, Fusion-io announced collaboration with Microsoft to optimize performance for new in-memory capabilities built into Microsoft SQL Server 2014.  Fusion ioMemory fits natively with SQL Server 2014 to provide a 4x improvement in transactions per second and a significant reduction in data latencies that translates to faster insights at lower costs for Microsoft customers.
  • On April 2, Fusion-io announced collaboration with Oracle on the development of flash-aware interfaces for MySQL, including NVM Compression and Atomic Writes, interfaces which allow MySQL to deliver up to 4x more flash endurance by streamlining commands to help optimize databases for persistent flash memory architectures.
  • On April 2, Fusion-io also announced partnerships with Percona and MariaDB/SkySQL and the availability of NVM Compression, a breakthrough software feature unique to Fusion-io that enables applications like databases to leverage the native capabilities of flash as a memory to reduce the amount of space needed to store data without hindering performance. 
  • In early February, Fusion-io announced the general availability of Fusion ioVDI software for VMware Horizon View hosted virtual desktop environments, as well as comprehensive updates to its suite of virtualization solutions which maximize performance and efficiency from in-server to hybrid flash acceleration. 
  • On February 6, Fusion-io announced that the all-flash ION Accelerator appliance and ioControl Hybrid Storage appliance are being offered as fully integrated solutions from Fusion-io value added resellers (VARs) for accelerating enterprise applications including Oracle, SAP HANA, and Microsoft SQL Server, as well as virtualization workloads.

BUSINESS OUTLOOK 
The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements supersede all prior statements regarding fiscal 2014 financial results.

Fourth quarter of fiscal year 2014:

  • Revenue is expected to be in-line to slightly up sequentially.
  • Non-GAAP gross margin is expected to be 52 to 54%.
  • Non-GAAP operating margin of approximately negative 13 to 17%.
  • Diluted shares outstanding are expected to be approximately 108 million shares.

NON-GAAP FINANCIAL MEASURES
Fusion-io uses certain non-GAAP financial measures in this release. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP. Reconciliation between non-GAAP and GAAP measures can be found in the accompanying tables and on the investor relations page of our website at www.fusionio.com. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP financial measures differ from GAAP measures with the same captions, may differ from non-GAAP financial measures with the same or similar captions that are used by other companies, and do not reflect a comprehensive system of accounting.

Fusion-io's management uses the non-GAAP financial measures in the accompanying schedules to gain an understanding of Fusion-io's comparative operating performance and future prospects, and utilizes these measures in its internal financial statements for purposes of its internal budgets and financial goals. Management also believes that the exclusion of the items described below provides an additional measure of the company's operating results and facilitates comparisons of Fusion-io's core operating performance against prior periods and business model objectives. Management believes that investors should have access to the same set of tools that management uses to analyze Fusion-io's results. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP. Fusion-io endeavors to compensate for the limitation of the non-GAAP measures presented by also providing the most directly comparable GAAP measures and descriptions of the reconciling items and adjustments to derive the non-GAAP measures.  

For all periods presented:

  • Non-GAAP gross margin is calculated as non-GAAP gross profit divided by GAAP revenue. Non-GAAP gross profit consists of GAAP gross profit excluding the effects of stock-based compensation expense, amortization of intangible assets, and litigation settlement related expenses.
  • Non-GAAP operating margin is calculated as non-GAAP (loss) income from operations divided by GAAP revenue. Non-GAAP (loss) income from operations consists of GAAP loss from operations excluding the effects of stock-based compensation expense, amortization of intangible assets, acquisition related expenses, and litigation settlement related expenses.
  • Non-GAAP net (loss) income is calculated as GAAP net loss excluding the effects of stock-based compensation expense, amortization of intangible assets, acquisition related expenses, tax provision adjustments related to stock-based awards, and litigation settlement related expenses.
  • Non-GAAP net (loss) income per diluted share is calculated as non-GAAP net (loss) income divided by GAAP weighted-average diluted shares outstanding for the three months ended March 31, 2013 and for the three and nine months ended March 31, 2014 and is calculated as non-GAAP net (loss) income divided by non-GAAP weighted-average diluted shares outstanding for the nine months ended March 31, 2013. Non-GAAP weighted-average diluted shares outstanding is calculated as GAAP weighted-average diluted shares outstanding including the dilutive impact due to stock options, restricted stock awards, and restricted stock units.

The accompanying tables provide more details on the GAAP financial measures that are most directly comparable to the non-GAAP financial measures described above and the related reconciliations between these financial measures. With respect to our expectations under "Business Outlook" above, reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges which are excluded from these non-GAAP measures. The effects of stock-based compensation expense specific to non-employee common stock options are directly impacted by unpredictable fluctuations in our stock price. We expect the variability of the above charges to have a significant impact on our GAAP financial results.

RECLASSIFICATION 
Certain expense amounts previously reported as cost of revenue, sales and marketing, research and development, and general and administrative expenses have been reclassified within those categories to conform to fiscal year 2014 presentation. The reclassifications did not change amounts previously reported as income (loss) from operations and net income (loss).

TODAY'S CONFERENCE CALL 
Fusion-io will host an investor conference call and live webcast today, Wednesday, April 23, 2014, at 5:00 p.m. EDT to discuss these financial results. To access the conference call, dial 1.888.771.4371 or 1.847.585.4405 for international callers. The access code is 3700 4909.  A listen-only live webcast will be accessible on the investor relations page of our website at www.fusionio.com and will be archived and available on this site for at least three months. A telephone replay of the conference call will be available through Wednesday, April 30, 2014. To access the replay, please dial 1.888.843.7419 or 1.630.652.3042 for international callers. The access code is 3700 4909. This press release and the financial information discussed on today's conference call are available on the investor relations page of our website at www.fusionio.com.

ABOUT FUSION-IO 
Fusion-io delivers the world's data faster. Our Fusion ioMemory platform and software defined storage solutions accelerate virtualization, databases, cloud computing, big data and performance applications. From e-commerce retailers to the world's social media leaders and Fortune Global 500 companies, our customers are improving the performance and efficiency of their data centers with Fusion-io technology to accelerate the critical applications of the information economy.

NOTE ON FORWARD-LOOKING STATEMENTS 
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but are not limited to, statements concerning financial guidance for our fourth quarter of our fiscal year 2014, our progress on our go-to-market strategy, the effect of our efforts to diversify our customer base, our strategic flexibility, our expectations as to recent management changes, our sales execution efforts, our expectations regarding the market opportunity, expectations concerning our product portfolio and our strategic partnerships, and benefits and value of our products and solutions to our customers and end users. These statements are based on current expectations and assumptions regarding future events and business performance and involve certain risks and uncertainties that could cause actual results to differ materially from those contained, anticipated, or implied in any forward-looking statement, including, but not limited to, risks associated with changes in the demand for our products, our expectation that large and concentrated purchases by a limited number of customers will continue to represent a substantial majority of our revenue and our ability to sustain or increase our revenue from our large customers or offset the discontinuation of concentrated purchases by our larger customers with purchases by new or existing customers, the risk that expected large transactions anticipated to close in one fiscal quarter may be delayed until a subsequent quarter or indefinitely, the continued adoption by customers of our ioMemory platform products, growing our sales through OEMs, resellers and channel partners and maintaining our relationships with OEMs, resellers and channel partners, including the timely qualification of our products for promotion and sale by our OEMs, long and unpredictable sales cycles, changes in the competitive dynamics of our markets, including the potential for increased pressure on the pricing of our products, reduced gross margins, increased sales and marketing expenses, the potential that we or our customers may not realize the benefits we currently expect from our acquisitions of ID7 and NexGen Storage, our ability to develop or acquire new products to meet customer needs and expectations, including additional software solutions to be integrated with our storage memory products, our acquisition and strategic partner strategy and disruptions in our business, operations and financial results as a result of acquisitions and strategic partner relationships, as well as the risks inherent in the integration and combination of complex products and technologies from acquisitions, undetected errors, defects or security vulnerabilities in our products, worldwide economic conditions and the impact these conditions have on levels of spending on datacenter technology like ours, our ability to recruit and retain new executive officers, and such other risks set forth in the registration statements and reports that Fusion-io files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of our website at www.fusionio.com. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or will occur. Fusion-io undertakes no obligation to update publicly any forward-looking statement for any reason after the date of this press release.

Logo - http://photos.prnewswire.com/prnh/20130612/SF30606LOGO

Contacts

Stefanie Cannon

Nancy Fazioli

Fusion-io Communications

Fusion-io Investor Relations

408.597.1494

408.416.5779

[email protected]

[email protected]



Fusion-io, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

(unaudited)












Three Months Ended


Nine Months Ended



March 31,


March 31,



2013


2014


2013


2014










Revenue


$    87,650


$   100,528


$  326,334


$  281,322

Cost of revenue (1), (2), (5)


39,521


49,291


133,734


127,319

Gross profit


48,129


51,237


192,600


154,003










Operating expenses:









Sales and marketing (1), (2)


33,584


39,334


88,837


109,621

Research and development (1), (2)


26,035


30,548


71,767


86,746

General and administrative (1), (3), (5)


16,977


11,617


45,120


36,660

Total operating expenses


76,596


81,499


205,724


233,027

Loss from operations


(28,467)


(30,262)


(13,124)


(79,024)

Other income (expense):









 Interest income


82


23


295


92

 Interest expense


(44)


(45)


(92)


(157)

 Other (expense) income


(40)


(27)


(54)


182

Loss before income taxes


(28,469)


(30,311)


(12,975)


(78,907)

Income tax benefit (expense) (4)


8,422


(343)


(1,407)


(944)

Net loss


$  (20,047)


$    (30,654)


$   (14,382)


$   (79,851)










Net loss per common share:









Basic


$      (0.21)


$        (0.29)


$       (0.15)


$       (0.77)

Diluted


$      (0.21)


$        (0.29)


$       (0.15)


$       (0.77)

Weighted-average number of shares:









Basic


96,805


106,541


95,621


103,736

Diluted


96,805


106,541


95,621


103,736



















(1) Includes stock-based compensation expenses, as follows:









Cost of revenue


$         132


$          156


$         269


$         469

Sales and marketing


2,663


3,062


7,370


8,016

Research and development


4,891


4,453


13,979


12,519

General and administrative


5,422


3,758


19,308


12,814

Total stock-based compensation expenses


$    13,108


$     11,429


$    40,926


$    33,818










(2) Includes amortization of intangible assets, as follows:









Cost of revenue


$           75


$       1,306


$           75


$      3,918

Sales and marketing


-


81


-


243

Research and development


656


656


1,968


1,968

Total amortization of intangible assets


$         731


$       2,043


$      2,043


$      6,129










(3) Includes acquisition related expenses


$         559


$             -


$         559


$           36










(4) Includes tax provision adjustments related to stock-based awards


$    (4,377)


$       6,706


$   (10,572)


$    16,368










(5) Includes litigation settlement related expenses, as follows:









Cost of revenue


$      4,052


$             -


$      4,052


$            -

General and administrative


2,805


-


2,805


-

Total litigation settlement related expenses


$      6,857


$             -


$      6,857


$            -



Fusion-io, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)






June 30,


March 31,


2013


2014

Assets




Current assets:




Cash and cash equivalents

$           238,351


$          225,146

Accounts receivable, net

69,107


74,211

Inventories

71,160


72,659

Prepaid expenses and other current assets

9,530


11,339

Total current assets

388,148


383,355





Property and equipment, net

35,272


31,656

Restricted cash

4,860


179

Intangible assets, net

28,268


21,591

Goodwill

149,467


149,467

Other assets

1,433


1,098

Total assets

$           607,448


$          587,346





Liabilities and Stockholders' Equity




Current liabilities:




Accounts payable

$             14,170


$            27,703

Accrued and other current liabilities

44,425


46,886

Deferred revenue

24,848


19,779

Total current liabilities

83,443


94,368





Deferred revenue, less current portion

14,167


18,389

Other liabilities

19,421


15,200





Commitments and contingencies




Stockholders' equity:




Common stock

20


21

Additional paid-in capital

599,292


648,376

Accumulated other comprehensive loss

(110)


(372)

Accumulated deficit

(108,785)


(188,636)

    Total stockholders' equity

490,417


459,389

    Total liabilities and stockholders' equity

$           607,448


$          587,346


Fusion-io, Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)










Three Months Ended


Nine Months Ended


March 31,


March 31,


2013


2014


2013


2014

Operating activities:








Net loss

$      (20,047)


$     (30,654)


$   (14,382)


$      (79,851)

Adjustments to reconcile net loss to net cash provided by (used in)








   operating activities:








Depreciation and amortization

4,005


5,872


10,768


17,666

Stock-based compensation

13,108


11,429


40,926


33,818

Excess tax benefit from stock-based awards

8,945


(3)


(448)


(8)

Other non-cash items

11


1,415


11


1,440

Changes in operating assets and liabilities:








Accounts receivable, net

5,492


(23,797)


6,244


(5,104)

Inventories

3,096


7,681


(11,632)


(1,499)

Prepaid expenses and other assets

890


(174)


59


26

Accounts payable

(48)


6,986


(704)


13,533

Accrued and other liabilities

(5,653)


1,773


8,588


(2,074)

Deferred revenue

(2,879)


713


6,382


(847)

  Net cash provided by (used in) operating activities

6,920


(18,759)


45,812


(22,900)









Investing activities:








Business acquisition, net of cash acquired

(5,861)


-


(5,861)


-

Purchases of property and equipment

(2,186)


(2,896)


(10,898)


(8,732)

  Net cash used in investing activities

(8,047)


(2,896)


(16,759)


(8,732)









Financing activities:








Repayment of notes payable

(623)


-


(623)


-

Proceeds from exercises of stock options

866


2,092


7,002


12,583

Issuance of restricted stock awards and restricted stock units,








net of repurchases

(838)


(863)


(2,715)


(2,661)

Proceeds from issuance of common stock under employee stock








purchase plan

1,720


1,669


5,093


5,298

Excess tax benefit from stock option exercises

(8,945)


3


448


8

Change in restricted cash

(4,843)


-


(4,843)


3,181

  Net cash (used in) provided by financing activities

(12,663)


2,901


4,362


18,409

Effect of exchange rate changes on cash and cash equivalents

(88)


(56)


(7)


18

Net (decrease) increase in cash and cash equivalents

(13,878)


(18,810)


33,408


(13,205)

Cash and cash equivalents at beginning of period

368,525


243,956


321,239


238,351

Cash and cash equivalents at end of period

$      354,647


$     225,146


$  354,647


$     225,146


Fusion-io, Inc.

Reconciliation of Non-GAAP Financial Measures

(in thousands)

(unaudited)














Three Months Ended


Nine Months Ended




March 31,


March 31,




2013


2014


2013


2014

Reconciliation of Gross Profit and Gross Margin on a GAAP Basis to Gross Profit and Gross Margin on a Non-GAAP Basis:









Gross profit on a GAAP basis


$   48,129


$   51,237


$   192,600


$   154,003

Stock-based compensation


132


156


269


469

Amortization of intangible assets


75


1,306


75


3,918

Litigation settlement related expenses


4,052


-


4,052


-

Gross profit on a non-GAAP basis


$   52,388


$   52,699


$   196,996


$   158,390

Revenue


$   87,650


$ 100,528


$   326,334


$   281,322

    Gross margin on a GAAP basis


54.9%


51.0%


59.0%


54.7%

    Gross margin on a non-GAAP basis


59.8%


52.4%


60.4%


56.3%











Reconciliation of Operating Loss and Operating Margin on a GAAP Basis to Operating (Loss) Income and Operating Margin on a Non-GAAP Basis:









Operating loss on a GAAP basis


$ (28,467)


$ (30,262)


$   (13,124)


$   (79,024)

Stock-based compensation


13,108


11,429


40,926


33,818

Amortization of intangible assets


731


2,043


2,043


6,129

Acquisition related expenses


559


-


559


36

Litigation settlement related expenses


6,857


-


6,857


-

Operating (loss) income on a non-GAAP basis


$   (7,212)


$ (16,790)


$     37,261


$   (39,041)

Revenue


$   87,650


$ 100,528


$   326,334


$   281,322

    Operating margin on a GAAP basis


-32.5%


-30.1%


-4.0%


-28.1%

    Operating margin on a non-GAAP basis


-8.2%


-16.7%


11.4%


-13.9%











Reconciliation of Net Loss on a GAAP Basis to Net (Loss) Income on a Non-GAAP Basis:









Net loss on a GAAP basis


$ (20,047)


$ (30,654)


$   (14,382)


$   (79,851)

Stock-based compensation


13,108


11,429


40,926


33,818

Amortization of intangible assets


731


2,043


2,043


6,129

Acquisition related expenses


559


-


559


36

 Tax provision adjustments related to stock-based awards


(4,377)


6,706


(10,572)


16,368

Litigation settlement related expenses


6,857


-


6,857


-

Net (loss) income on a non-GAAP basis


$   (3,169)


$ (10,476)


$     25,431


$   (23,500)


Fusion-io, Inc.

Reconciliation of Non-GAAP Financial Measures (continued)

(in thousands, except per share data)

(unaudited)














Three Months Ended


Nine Months Ended




March 31,


March 31,




2013


2014


2013


2014

Reconciliation of Diluted Net Loss per Share on a GAAP Basis to Diluted Net (Loss) Income per Share on a Non-GAAP Basis:









Diluted net loss per share on a GAAP basis


$       (0.21)


$       (0.29)


$       (0.15)


$       (0.77)

Stock-based compensation


0.14


0.11


0.42


0.32

Amortization of intangible assets


0.01


0.02


0.02


0.06

Acquisition related expenses


0.01


-


0.01


-

 Tax provision adjustments related to stock-based awards


(0.05)


0.06


(0.11)


0.16

Litigation settlement related expenses


0.07


-


0.07


-

Impact of difference in number of GAAP and non-GAAP diluted shares

-


-


(0.03)


-

Diluted net (loss) income per share on a non-GAAP basis


$       (0.03)


$       (0.10)


$        0.23


$       (0.23)











Reconciliation of GAAP Diluted Weighted-Average Number of Shares to Non-GAAP Diluted Weighted-Average Number of Shares:









GAAP diluted weighted-average number of shares


96,805


106,541


95,621


103,736

Dilutive impact due to stock options, restricted stock awards,









        and restricted stock units


-


-


13,009


-

Non-GAAP diluted weighted-average number of shares


96,805


106,541


108,630


103,736

SOURCE Fusion-io

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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...
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...
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...
"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...
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...
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...