SYS-CON MEDIA Authors: Carmen Gonzalez, Dana Gardner, Peter Silva, Kevin Jackson, Jessica Qiu

News Feed Item

PGi Reports First Quarter 2014 Results: Revenues Up 11% to $143.2M, Non-GAAP Diluted EPS from Continuing Operations $0.22*; SaaS Products Grow Over 50%

Company Increases 2014 Financial Outlook

ATLANTA, April 24, 2014 /PRNewswire/ -- Premiere Global Services, Inc. (NYSE: PGI), a leading global provider of collaboration software and services for over 20 years, today announced results for the first quarter ended March 31, 2014.

In the first quarter of 2014, net revenues increased nearly 11% to $143.2 million, compared to $129.5 million in the first quarter of 2013.  Diluted EPS from continuing operations was $0.11 in the first quarter of 2014, compared to diluted EPS from continuing operations of $0.15 in the first quarter of 2013.  Non-GAAP diluted EPS from continuing operations was $0.22* in the first quarter of 2014, compared to $0.19* in the first quarter of 2013. 

"We are pleased to have outperformed our first quarter plan in every major category," said Boland T. Jones, PGi founder, chairman and CEO. "We continue to be delighted by the strong market response to our SaaS-based collaboration solutions and the success we are having in upgrading customers to these highly differentiated products. We plan to continue to invest in driving higher sales of our SaaS products, and we believe that 2014 will be another year of solid growth and higher profitability for PGi."

First Quarter 2014 Accomplishments


  • Grew revenue from PGi SaaS products greater than 50% to $10.7 million;
  • Increased the annual revenue run rate from PGi SaaS products by approximately $4 million during the quarter to approximately $44 million;
  • Released version 3.5 of iMeet®, with increased meeting capacity and groundbreaking new recording, video streaming, meeting minutes and guest screen sharing functionalities;
  • Launched Agenday, a smart calendar app that provides one-touch meeting access and intelligent connections for lower costs, higher productivity and easier collaboration on the go; and
  • Agenday won The Best Mobile App Awards Platinum Award for Best Mobile Calendar.

Financial Outlook

The following statements are based on PGi's current expectations. These statements contain forward-looking statements and company estimates, and actual results may differ materially.  PGi assumes no duty to update any forward-looking statements made in this press release.

Based on current business trends and current foreign currency exchange rates, and assuming no additional acquisitions, PGi has raised its financial outlook for 2014 as follows: net revenues from continuing operations are now projected to be in the range of $565-$575 million. PGi continues to project that non-GAAP diluted EPS from continuing operations in 2014 will be in the range of $0.85-$0.88*, as the company plans to continue to reinvest excess earnings this year in product, sales and marketing initiatives designed to accelerate sales of its collaboration software applications and its transition to a SaaS model.

PGi will host a conference call today at 5:00 p.m., Eastern Time to discuss these results.  To participate in the call, please dial-in to the appropriate number 5-10 minutes prior to the scheduled start time:  (866) 454-4209 (U.S. and Canada) or (913) 312-0671 (International), participant passcode 3176312.  The conference call will simultaneously be webcast.  Please visit pgi.com for webcast details and conference call replay information, as well as the webcast archive and the text of the earnings release, including the financial and statistical information to be presented during the call.

* Non-GAAP Financial Measures
To supplement the company's consolidated financial statements presented in accordance with GAAP, we have included the following non-GAAP measures of financial performance: non-GAAP operating income, non-GAAP net income from continuing operations, non-GAAP diluted net income per share (EPS) from continuing operations and organic growth. The company has also included these non-GAAP measures, as well as net revenues and segment net revenues, on a constant currency basis.  Management uses these measures internally as a means of analyzing the company's current and future financial performance and identifying trends in our financial condition and results of operations.  We have provided this information to investors to assist in meaningful comparisons of past, present and future operating results and to assist in highlighting the results of ongoing core operations.  Please see the table attached for calculation of these non-GAAP financial measures and for reconciliation to the most directly comparable GAAP measures.  These non-GAAP financial measures may differ materially from comparable or similarly titled measures provided by other companies and should be considered in addition to, not as a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. 

About Premiere Global Services, Inc. │ PGi
PGi has been a leading global provider of collaboration software and services for over 20 years. PGi's cloud-based software applications let business users connect, collaborate and share ideas and information from their desktop, tablet or smartphone, enabling greater productivity in the office or on the go. PGi has a global presence in 25 countries, and its award-winning solutions provide a collaborative advantage to over 45,000 enterprise customers, including 75% of the Fortune 100™. In the last five years, PGi has hosted more than 1.1 billion people from 137 countries in over 250 million virtual meetings. For more information, visit PGi at pgi.com.

Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties, many of which are beyond our control. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in PGi's forward-looking statements, including, but not limited to, the following factors: competitive pressures, including pricing pressures; technological changes and the development of alternatives to our services; market acceptance of PGi's SaaS products, including iMeet® and GlobalMeet®; our ability to attract new customers and to retain and further penetrate our existing customers; our ability to establish and maintain strategic reseller and distribution relationships; risks associated with challenging global economic conditions; price increases from our telecommunications service providers; service interruptions and network downtime, including undetected errors or defects in our software; technological obsolescence and our ability to upgrade our equipment or increase our network capacity; concerns regarding the security and privacy of our customers' confidential information; future write-downs of goodwill or other intangible assets; greater than anticipated tax and regulatory liabilities; restructuring and cost reduction initiatives and the market reaction thereto; our level of indebtedness; risks associated with acquisitions and divestitures; indemnification claims from the sale of our PGiSend business; our ability to protect our intellectual property rights, including possible adverse results of litigation or infringement claims; regulatory or legislative changes, including further government regulations applicable to traditional telecommunications service providers and data privacy; risks associated with international operations and market expansion, including fluctuations in foreign currency exchange rates; and other factors described from time to time in our press releases, reports and other filings made with the Securities and Exchange Commission, including but not limited to the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2013. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement. We do not undertake any obligation to update or to release publicly any revisions to forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this press release or the date of the statement, if a different date, or to reflect the occurrence of unanticipated events.

 

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, in thousands, except per share data)



















 Three Months Ended  





 March 31, 





2014


2013















Net revenues


$  143,239


$    129,492

Operating expenses: 






Cost of revenues (exclusive of depreciation and amortization shown







separately below)


59,542


55,507


Selling and marketing


37,836


34,163


General and administrative (exclusive of expenses







shown separately below)


17,935


15,493


Research and development


4,505


3,723


Depreciation


8,666


8,239


Amortization


2,483


462


Restructuring costs


-


70


Asset impairments


-


144


Net legal settlements and related expenses


-


120


Acquisition-related costs


1,905


-



Total operating expenses


132,872


117,921








Operating income


10,367


11,571








Other (expense) income:






Interest expense


(2,100)


(1,801)


Interest income


9


21


Other, net


291


30



Total other expense


(1,800)


(1,750)








Income from continuing operations before income taxes


8,567


9,821

Income tax expense


3,297


2,640

Net income from continuing operations


5,270


7,181








Loss from discontinued operations, net of taxes


(65)


(103)








Net income


$       5,205


$         7,078








BASIC WEIGHTED-AVERAGE SHARES OUTSTANDING


46,385


46,087








Basic net income per share (1)






Continuing operations


$         0.11


$           0.16


Discontinued operations


-


-


Net income per share


$         0.11


$           0.15








DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING


47,020


46,515








Diluted net income per share






Continuing operations


$         0.11


$           0.15


Discontinued operations


-


-


Net income per share


$         0.11


$           0.15








(1)

Column totals may not sum due to the effect of rounding on EPS.





 

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands, except per share data)
















March 31, 


December 31, 




2014


2013







ASSETS




CURRENT ASSETS





Cash and equivalents

$           36,721


$           44,955


Accounts receivable (less allowances of $734 and $760, respectively)

87,923


78,481


Prepaid expenses and other current assets

17,586


22,645


Income taxes receivable

2,649


2,316


Deferred income taxes, net

4,577


4,390



Total current assets

149,456


152,787







PROPERTY AND EQUIPMENT, NET

104,685


105,724







OTHER ASSETS





Goodwill

340,749


341,382


Intangibles, net of amortization

76,340


78,637


Deferred income taxes, net

1,616


1,957


Other assets

17,340


17,621



TOTAL ASSETS

$         690,186


$         698,108







LIABILITIES AND SHAREHOLDERS' EQUITY




CURRENT LIABILITIES





Accounts payable

$           54,667


$           51,994


Income taxes payable

2,347


2,648


Accrued taxes, other than income taxes

13,810


11,190


Accrued expenses

31,939


34,402


Current maturities of long-term debt and capital lease obligations 

1,655


1,719


Accrued restructuring costs

819


2,104


Deferred income taxes, net

168


171



Total current liabilities

105,405


104,228







LONG-TERM LIABILITIES





Long-term debt and capital lease obligations 

258,419


272,467


Accrued restructuring costs

18


77


Accrued expenses

29,212


29,570


Deferred income taxes, net

21,500


18,881



Total long-term liabilities

309,149


320,995







SHAREHOLDERS' EQUITY





Common stock, $0.01 par value; 150,000,000 shares authorized,





48,443,924 and 48,338,335 shares issued and outstanding, respectively

486


483


Additional paid-in capital

457,475


457,913


Accumulated other comprehensive gain

9,146


11,169


Accumulated deficit

(191,475)


(196,680)



Total shareholders' equity

275,632


272,885



TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

$         690,186


$         698,108







 

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 (Unaudited, in thousands)

























Three Months Ended







March 31, 







2014


2013










CASH FLOWS FROM OPERATING ACTIVITIES







Net income 


$         5,205


$          7,078



Loss from discontinued operations, net of taxes


65


103




 Net income from continuing operations 


5,270


7,181


Adjustments to reconcile net income to net cash provided by operating activities:







Depreciation


8,666


8,239



Amortization


2,483


462



Amortization of debt issuance costs 


161


148



Net legal settlements and related expenses


-


93



Payments for legal settlements and related expenses


-


(85)



Deferred income taxes


(22)


2,206



Restructuring costs


-


70



Payments for restructuring costs 


(1,347)


(660)



Asset impairments


-


144



Equity-based compensation


2,227


1,674



Excess tax benefits from share-based payment arrangements


(250)


(244)



Provision for doubtful accounts


229


(31)



Acquisition-related costs


1,905


-



Cash paid for acquisition-related costs


(1,447)


-



Changes in working capital


(3,746)


(6,786)





Net cash provided by operating activities from continuing operations


14,129


12,411





Net cash used in operating activities from discontinued operations


(42)


(105)





Net cash provided by operating activities


14,087


12,306










CASH FLOWS FROM INVESTING ACTIVITIES







Capital expenditures


(8,101)


(8,796)



Other investing activities, net


2,050


(425)





Net cash used in investing activities from continuing operations


(6,051)


(9,221)





Net cash used in investing activities from discontinued operations


-


-





Net cash used in investing activities


(6,051)


(9,221)



















CASH FLOWS FROM FINANCING ACTIVITIES







Principal payments under borrowing arrangements


(34,530)


(12,144)



Proceeds from borrowing arrangements


20,000


11,000



Excess tax benefits of share-based payment arrangements


250


244



Purchases and retirement of treasury stock, at cost


(2,245)


(1,134)



Exercise of stock options


53


-





Net cash used in financing activities from continuing operations


(16,472)


(2,034)





Net cash used in financing activities from discontinued operations


-


-





Net cash used in financing activities


(16,472)


(2,034)










Effect of exchange rate changes on cash and equivalents


202


(571)










NET (DECREASE) INCREASE IN CASH AND EQUIVALENTS


(8,234)


480

CASH AND EQUIVALENTS, beginning of period


44,955


20,976

CASH AND EQUIVALENTS, end of period


$       36,721


$       21,456










 

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES


(Unaudited, in thousands, except per share data)

















Three Months Ended 








March 31,








2014


2013











Non-GAAP Operating Income (1)








Operating income, as reported 


$      10,367


$      11,571




Restructuring costs 


-


70




Asset impairments


-


144




Net legal settlements and related expenses


-


120




Acquisition-related costs


1,905


-




Equity-based compensation


2,227


1,674




Amortization


2,483


462





Non-GAAP operating income


$      16,982


$      14,041













Non-GAAP Net Income from Continuing Operations (1)








Net income from continuing operations, as reported


$        5,270


$        7,181




Elimination of non-recurring tax adjustments


641


(257)




Restructuring costs


-


49




Asset impairments


-


102




Net legal settlements and related expenses


-


66




Acquisition-related costs


1,314


19




Equity-based compensation


1,537


1,180




Amortization


1,713


326





Non-GAAP net income from continuing operations


$      10,475


$        8,666













Non-GAAP Diluted EPS from Continuing Operations (1) (2)








Diluted net income per share from continuing operations, as reported


$           0.11


$           0.15




Elimination of non-recurring tax adjustments


0.01


(0.01)




Restructuring costs


-


-




Asset impairments


-


-




Net legal settlements and related expenses


-


-




Acquisition-related costs


0.03


-




Equity-based compensation


0.03


0.03




Amortization


0.04


0.01





Non-GAAP diluted EPS from continuing operations


$           0.22


$           0.19























(1)

Management believes that presenting non-GAAP operating income, non-GAAP net income from continuing operations and non-GAAP diluted EPS from


continuing operations provide useful information regarding underlying trends in the company's continuing operations.  Management expects 


equity-based compensation and amortization expenses to be recurring costs and presents non-GAAP net income from continuing operations and


non-GAAP diluted EPS from continuing operations to exclude these non-cash items, as well as non-recurring items that are unrelated to the company's


ongoing operations, including non-recurring tax adjustments, restructuring costs, asset impairments,  net legal settlements and related expenses and


acquisition-related costs.  These non-cash and non-recurring items are presented net of taxes for non-GAAP net income from continuing operations and


non-GAAP diluted EPS from continuing operations. 











(2)

Column totals may not sum due to the effect of rounding on EPS.

 

PREMIERE GLOBAL SERVICES, INC. AND SUBSIDIARIES


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES


CONSTANT CURRENCY ADJUSTMENTS AND ORGANIC GROWTH
































Prior Year Quarter Constant Currency Adjustments (3)






























Impact of













Q1 - 14 (Constant currency)


fluctuations in foreign currency exchange rates


Q1 - 14 (Actual)











(Unaudited, in thousands, except per share data)

























Net Revenues

$          143,478


$                        (239)


$      143,239










North America Net Revenue

$            90,485


$                        (355)


$        90,130










Europe Net Revenue

$            36,068


$                       1,060


$        37,128










Asia Pacific Net Revenue

$            16,925


$                        (944)


$        15,981










Non-GAAP Operating Income

$            16,829


$                          153


$        16,982










Non-GAAP Net Income from Continuing Operations

$            10,511


$                          (36)


$        10,475










Non-GAAP Diluted EPS from Continuing Operations

$                0.22


$                              -


$            0.22






















(3)

Management also presents the non-GAAP financial measures described under note 1 above, as well as net revenues and segment net revenue, on a




constant currency basis compared to the same quarter in the previous year to exclude the effects of foreign currency exchange rates, which are not




completely within management's control, in order to facilitate period-to-period comparison of the company's financial results without the distortion of




these fluctuations.  These constant currency adjustments convert current quarter results using prior period (Q1 - 13) average exchange rates.

































Sequential Quarter Constant Currency Adjustments (4)

































Impact of 













Q1 - 14 (Constant currency)


fluctuations in foreign currency exchange rates


Q1 - 14 (Actual)











(Unaudited, in thousands)
























Net Revenues

$          143,276


$                           (37)


$     143,239






















(4)

Management also presents net revenues on a constant currency basis compared to the prior quarter to exclude the effects of foreign currency




exchange rates, which are not completely within management's control, in order to facilitate period-to-period comparison of the company's financial




results without the distortion of these fluctuations.  These constant currency adjustments convert current quarter results using prior period (Q4 - 13)




average exchange rates.



























Organic Growth (5)
















































Impact of













March 31,
2013


fluctuations in foreign currency exchange rates


Acquisitions


Organic net

revenue

growth


March 31,
2014


Organic net

revenue

growth rate





(Unaudited, in thousands, except percentages)




















Net Revenues, Three Months Ended

$          129,492


$                        (557)


$        16,909


$            (2,605)


$       143,239


-2.0%
















(5)

Management defines "organic growth" as revenue changes excluding the impact of foreign currency exchange rate fluctuations and acquisitions made



during the periods presented and presents this non-GAAP financial measure to exclude the effect of these items that are not completely within 




management's control, such as foreign currency exchange rate fluctuations, or do not reflect the company's ongoing core operations or underlying 




growth, such as acquisitions. 



























Media and Investor Contact:
Sean O'Brien
(404) 262-8462
[email protected]

 

PGi has been a global leader in collaboration and virtual meetings for over 20 years. PGi's cloud-based solutions deliver multi-point, real-time virtual collaboration using video, voice, mobile, web streaming and file sharing technologies.

Logo - http://photos.prnewswire.com/prnh/20131203/CL27071LOGO

SOURCE PGi

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
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, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
IoT is still a vague buzzword for many people. In his session at Internet of @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, will discuss the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. The presentation will also discuss how IoT is perceived by investors and how venture capitalist access this space. Other topics to discuss are barriers to success, what is new, what is old, and what the future may hold.
Whether you're a startup or a 100 year old enterprise, the Internet of Things offers a variety of new capabilities for your business. IoT style solutions can help you get closer your customers, launch new product lines and take over an industry. Some companies are dipping their toes in, but many have already taken the plunge, all while dramatic new capabilities continue to emerge. In his session at Internet of @ThingsExpo, Reid Carlberg, Senior Director, Developer Evangelism at salesforce.com, to discuss real-world use cases, patterns and opportunities you can harness today.
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!
Noted IoT expert and researcher Joseph di Paolantonio (pictured below) has joined the @ThingsExpo faculty. Joseph, who describes himself as an “Independent Thinker” from DataArchon, will speak on the topic of “Smart Grids & Managing Big Utilities.” Over his career, Joseph di Paolantonio has worked in the energy, renewables, aerospace, telecommunications, and information technology industries. His expertise is in data analysis, system engineering, Bayesian statistics, data warehouses, business intelligence, data mining, predictive methods, and very large databases (VLDB). Prior to DataArcho...
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
There will be 50 billion Internet connected devices by 2020. Today, every manufacturer has a propriety protocol and an app. How do we securely integrate these "things" into our lives and businesses in a way that we can easily control and manage? Even better, how do we integrate these "things" so that they control and manage each other so our lives become more convenient or our businesses become more profitable and/or safe? We have heard that the best interface is no interface. In his session at Internet of @ThingsExpo, Chris Matthieu, Co-Founder & CTO at Octoblu, Inc., will discuss how thes...
Last week, while in San Francisco, I used the Uber app and service four times. All four experiences were great, although one of the drivers stopped for 30 seconds and then left as I was walking up to the car. He must have realized I was a blogger. None the less, the next car was just a minute away and I suffered no pain. In this article, my colleague, Ved Sen, Global Head, Advisory Services Social, Mobile and Sensors at Cognizant shares his experiences and insights.
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) ir...
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT. Attendees will learn rea...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at Internet of @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, will share some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder ...
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other mach...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice s...
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehe...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example...
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridsto...