SYS-CON MEDIA Authors: Jessica Qiu, Kevin Jackson, Keith Cawley, Jackie Kahle, Dana Gardner

News Feed Item

DigitalGlobe Reports First Quarter 2014 Results

Revenue of $156.5 Million Up 23%

LONGMONT, CO -- (Marketwired) -- 05/01/14 -- DigitalGlobe, Inc. (NYSE: DGI), a leading global provider of commercial high-resolution earth observation and advanced geospatial solutions, today reported financial results for the quarter ended March 31, 2014.

First quarter 2014 revenue was $156.5 million, a 23% increase compared with the same period last year. Net income for the first quarter was $0.4 million, with net loss available to common shareholders of $(0.6) million, or a loss of $(0.01) per diluted share. In the first quarter 2013, the company reported a net loss of $(60.6) million, with a net loss available to common shareholders of $(61.2), or a loss of $(0.96) per diluted shares.

First quarter Adjusted EBITDA was $67.9 million with an Adjusted EBITDA margin of 43%. This compares with Adjusted EBITDA of $35.9 million in first quarter 2013, with an associated margin of 28%. Adjusted EBITDA excludes the impact of restructuring, integration and other costs.

First quarter 2013 results exclude GeoEye financial results for the month of January as a result of timing of the close of the acquisition.

"We delivered a good start to 2014," said Jeffrey R. Tarr, CEO. "We drove double-digit top-line growth and strong EBITDA margin expansion primarily from our U.S. and international government businesses and continued success with our integration efforts. We also made progress on a number of important growth initiatives that will extend our industry leadership in resolution, accuracy and revisit, and add unique capabilities that we believe will drive sustained growth toward the end of this year, in 2015 and beyond. In the quarter, we also scaled our Tomnod crowdsourcing platform -- enabling more than 8 million volunteers to aid government customers in the search for Malaysia Airlines Flight MH370."

Recent Business Highlights

  • First quarter 2014 revenue from the U. S. Government grew 26% to $97.6 million compared with first quarter 2013, including a 141% increase in value-added services to $34.4 million, driven by continued growth in the Global Enhanced GEOINT Delivery (G-EGD) program.
  • Diversified Commercial revenue grew 18% to $58.9 million in the quarter compared with first quarter 2013. Growth was driven primarily by Direct Access Program (DAP) revenue of $26.5 million in the quarter, up 47% year over year.
  • This quarter's revenue results include the activation of one new DAP customer in the Middle East.
  • Within its location based services base of customers, the company signed a multi-year agreement to provide archived imagery for applications harnessing OpenStreetMap, a collaborative open source mapping project.
  • Within oil & gas, recently acquired Spatial Energy contributed to first quarter growth and renewed 100% of its on-line subscriptions in the quarter. It also signed new on-shore and off-shore monitoring programs with both new and existing accounts. Among mining customers, the company agreed to provide tasked images for mine monitoring in Peru for a major multi-national mining company.
  • Among non-governmental organizations, the company signed a new multi-year agreement with a global development foundation to provide geospatial imagery and analytics to help prove the efficacy of remote sensing in monitoring the nature and condition of smallholder farms, with an initial focus in Sub-Saharan Africa and Southeast Asia.
  • Among international civil governments, the company received two awards in India to provide tasked images for change detection and feature extraction of forest resources and cadastral mapping.
  • The company remains on track with construction of its WorldView-3 satellite in preparation for an expected mid-August launch.

2014 Outlook
For 2014, the company continues to expect to report revenue in a range of $630 million to $660 million. The company expects to achieve a full-year Adjusted EBITDA margin of approximately 43% with a fourth quarter 2014 Adjusted EBITDA margin of at least 50%. The company also expects 2014 capital expenditures of approximately $170 million, including spending to complete and launch the WorldView-3 satellite, and to complete, but not launch, the GeoEye-2 satellite.

Conference Call Information
DigitalGlobe's management will host a conference call today, May 1, 2014 at 5 p.m. ET to discuss its 2014 first quarter financial and operating results.

The conference call dial-in numbers are as follows:
U.S./Canada dial-in: (855) 212-2368
International dial-in: (315) 625-6886
Passcode: 32166574

A replay of the call will be available through May 30, 2014 at the following numbers:
U.S./Canada dial-in: (855) 859-2056
International dial-in: (404) 537-3406
Passcode: 32166574

DigitalGlobe will also sponsor a live and archived webcast of the conference call on the Investor Relations portion of its website. Click here to directly access the live webcast.

Supplemental earnings materials, including conference call slides and management scripts, are available on the Investor Relations section of the company's website at www.digitalglobe.com.

About DigitalGlobe
DigitalGlobe is a leading provider of commercial high-resolution earth observation and advanced geospatial solutions that help decision makers better understand our changing planet in order to save lives, resources and time. Sourced from the world's leading constellation, our imagery solutions deliver unmatched coverage and capacity to meet our customers' most demanding mission requirements. Each day customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and providers of location-based services depend on DigitalGlobe data, information, technology and expertise to gain actionable insight.

DigitalGlobe is a registered trademark of DigitalGlobe.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained herein and in other of our reports, filings, and public announcements may contain or incorporate forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events or future financial performance. We generally identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "continue" or "looks forward to" or the negative of these terms or other similar words, although not all forward-looking statements contain these words.

Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual results or performance to differ materially from those indicated by such forward looking statements, including: the loss, reduction or change in terms of any of our primary contracts or decisions by customers not to exercise renewal options; the availability of government funding for our products and services both domestically and internationally; changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards, terminations or reduction of expenditures to respond to the priorities of Congress and the administration, or budgetary cuts resulting from Congressional committee recommendations or automatic sequestration under the Budget Control Act of 2011); the risk that U.S. government sanctions against specified companies and individuals in Russia may limit our ability to conduct business with potential or existing customers; the risk that the anticipated benefits and synergies from the strategic combination of the company and GeoEye, Inc. cannot be fully realized or may take longer to realize than expected; the outcome of pending or threatened litigation; the loss or impairment of any of our satellites; delays in the construction and launch of any of our satellites or our ability to achieve and maintain full operational capacity of all our satellites; delays in implementation of planned ground system and infrastructure enhancements; loss or damage to the content contained in our imagery archives; interruption or failure of our ground system and other infrastructure, decrease in demand for our imagery products and services; increased competition, including possibly from companies with substantial financial and other resources and services, that may reduce our market share or cause us to lower our prices; our inability to fully integrate acquisitions or to achieve planned synergies; changes in satellite imaging technology; our failure to obtain or maintain required regulatory approvals and licenses; changes in U.S. or foreign law or regulation that may limit our ability to distribute our imagery products and services; the costs associated with being a public company; and other important factors, all as described more fully in our filings with the Securities and Exchange Commission ("SEC"), including our Annual Report on Form 10 K.

We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward looking statements.

Non-U.S. GAAP Financial Measures

EBITDA and Adjusted EBITDA are not recognized terms under U.S. GAAP and may not be defined similarly by other companies. EBITDA and Adjusted EBITDA should not be considered alternatives to net income as indications of financial performance or as alternatives to cash flow from operations as measures of liquidity. There are limitations to using non-U.S. GAAP financial measures, including the difficulty associated with comparing companies in different industries that use similar performance measures whose calculations may differ from ours.

EBITDA and Adjusted EBITDA are key measures used in our internal operating reports by management and our Board of Directors to evaluate the performance of our operations and are also used by analysts, investment banks and lenders for the same purpose. EBITDA, excluding certain acquisition costs, is a measure being used as a key element of the company-wide bonus incentive plan.

We believe that the presentation of EBITDA and Adjusted EBITDA enables a more consistent measurement of period to period performance of our operations and facilitates comparison of our operating performance to companies in our industry. We believe that EBITDA and Adjusted EBITDA measures are particularly important in a capital intensive industry such as ours, in which our current period depreciation is not a good indication of our current or future period capital expenditures. The cost to construct and launch a satellite and to build the related ground infrastructure may vary greatly from one satellite to another, depending on the satellite's size, type and capabilities. For example, our QuickBird satellite, which we are currently depreciating, cost significantly less than our WorldView-1 and WorldView-2 satellites. Current depreciation expense is not indicative of the revenue generating potential of the satellites.

EBITDA excludes interest income, interest expense and income taxes because these items are associated with our capitalization and tax structures. EBITDA also excludes depreciation and amortization expense because these non-cash expenses reflect the impact of prior capital expenditure decisions which are not indicative of future capital expenditure requirements.

Adjusted EBITDA further adjusts EBITDA to exclude the loss on the early extinguishment of debt and the loss on abandonment of asset because these are not related to our primary operations. Additionally, it excludes restructuring costs, acquisition costs and integration costs as these are non-core items. Restructuring costs are costs incurred to realize efficiencies from the acquisition with GeoEye, such as reducing excess workforce, consolidating facilities and systems, and relocating ground terminals. Acquisition costs are costs incurred to effect the acquisition, such as advisory, legal, accounting, consulting and other professional fees. Integration costs consist primarily of professional fees incurred to assist us with system and process improvements associated with integrating operations. Loss on early extinguishment of debt is related to entering into the 2013 Credit Facility and Senior Notes, the proceeds of which were used to refinance our $500.0 million senior secured term loan and $100.0 million senior secured revolving credit facility, and to fund the discharge and redemption of GeoEye's $525.0 million senior secured notes that we assumed in the acquisition.

We use EBITDA and Adjusted EBITDA in conjunction with traditional U.S. GAAP operating performance measures as part of our overall assessment of our performance and we do not place undue reliance on these non-U.S. GAAP measures as our only measures of operating performance. EBITDA and Adjusted EBITDA should not be considered as substitutes for other measures of financial performance reported in accordance with U.S. GAAP.

FINANCIAL TABLES TO FOLLOW



                             DigitalGlobe, Inc.

         Unaudited Condensed Consolidated Statements of Operations

                                                For the three months ended
                                                         March 31,
                                               ----------------------------
(in millions, except per share)                     2014           2013
                                               -------------  -------------
Revenue                                        $       156.5  $       127.6
Costs and expenses:
  Cost of revenue, excluding depreciation and
   amortization                                         39.5           40.9
  Selling, general and administrative                   53.0           79.8
  Depreciation and amortization                         57.6           47.3
  Restructuring charges                                  1.1           20.3
  Loss on abandonment of asset                           1.2              -
                                               -------------  -------------
Income (loss) from operations                            4.1          (60.7)
  Loss from early extinguishment of debt                   -          (17.8)
  Other income, net                                      0.1            0.3
  Interest expense, net                                    -           (1.4)
                                               -------------  -------------
Income (loss) before income taxes                        4.2          (79.6)
  Income tax (expense) benefit                          (3.8)          19.0
                                               -------------  -------------
Net income (loss)                                        0.4          (60.6)
  Preferred stock dividends                             (1.0)          (0.6)
                                               -------------  -------------
Net loss less preferred stock dividends                 (0.6)         (61.2)
Income allocated to participating securities               -              -
                                               -------------  -------------
Net loss available to common stockholders      $        (0.6) $       (61.2)
                                               =============  =============
Net loss per share:
  Basic and diluted loss per share             $       (0.01) $       (0.96)
                                               =============  =============
Weighted average common shares outstanding:
  Basic and diluted                                     75.0           64.0
                                               =============  =============



                             DigitalGlobe, Inc.

       Reconciliation Net Income (Loss) to EBITDA and Adjusted EBITDA

                                                 For the three months ended
                                                         March 31,
                                                ---------------------------
(in millions)                                        2014          2013
                                                ------------- -------------
Net income (loss)                               $         0.4 $       (60.6)
Depreciation and amortization                            57.6          47.3
Interest expense, net                                       -           1.4
Income tax expense (benefit)                              3.8         (19.0)
                                                ------------- -------------
EBITDA                                                   61.8         (30.9)
Loss from early extinguishment of debt                      -          17.8
Loss on abandonment of asset                              1.2
Restructuring charges (1)                                 1.1          20.3
Acquisition costs (1)                                       -          20.8
Integration costs (1)                                     3.8           7.9
                                                ------------- -------------
Adjusted EBITDA                                 $        67.9 $        35.9
                                                ============= =============

(1) Restructuring, acquisition and integration costs consist of charges
 related to the acquisition of GeoEye.


EBITDA margin of 39.5% for first quarter 2014 and (24.2)% for first quarter 2013 is calculated by dividing EBITDA by U.S. GAAP revenue. Adjusted EBITDA margin of 43.4% for first quarter 2014 and 28.1% for first quarter 2013 is calculated by dividing Adjusted EBITDA by U.S. GAAP revenue. We have not provided a reconciliation of our Adjusted EBITDA or Adjusted EBITDA margin outlook to the comparable forward-looking GAAP financial measures because we are unable to provide a forward-looking estimate of the reconciling items between such non-U.S. GAAP forward-looking measures and the comparable forward-looking GAAP measures. Certain factors that are materially significant to our ability to estimate these items are out of our control and/or cannot be reasonably predicted. Accordingly, a reconciliation to the comparable forward-looking GAAP measures is not available without unreasonable effort.



                             DigitalGlobe, Inc.

              Unaudited Condensed Consolidated Balance Sheets

                                                 March 31,     December 31,
(in millions, except par value)                     2014           2013
                                               -------------  -------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents                      $       170.5  $       229.1
Restricted cash                                          5.4            6.9
Accounts receivable, net of allowance for
 doubtful accounts of $0.5 and $2.4,
 respectively                                          119.1          116.3
Prepaid and current assets                              26.8           33.8
Deferred taxes                                           5.5            5.9
                                               -------------  -------------
  Total current assets                                 327.3          392.0
Property and equipment, net of accumulated
 depreciation of $935.7 and $880.6,
 respectively                                        2,178.2        2,177.5
Goodwill                                               484.9          459.3
Intangible assets, net of accumulated
 amortization of $11.2 and $8.7, respectively           51.4           39.9
Aerial image library, net of accumulated
 amortization of $42.9 and $41.3, respectively           7.5            9.1
Long-term restricted cash                                4.0            4.5
Long-term deferred contract costs                       41.0           44.9
Other assets                                            39.0           38.6
                                               -------------  -------------
  Total assets                                 $     3,133.3  $     3,165.8
                                               =============  =============
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable                               $        11.7  $        20.9
Current portion of long-term debt                        5.5            5.5
Other accrued liabilities                               57.0           80.3
Current portion of deferred revenue                     75.9           81.3
                                               -------------  -------------
  Total current liabilities                            150.1          188.0
Deferred revenue                                       369.3          374.6
Long-term debt, net of discount                      1,135.9        1,137.1
Long-term deferred tax liability, net                   83.7           80.0
Other liabilities                                        6.0            2.8
                                               -------------  -------------
  Total liabilities                            $     1,745.0  $     1,782.5
                                               -------------  -------------
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
DigitalGlobe, Inc. stockholders' equity:
  Series A convertible preferred stock, $0.001
   par value, 0.08 shares authorized; 0.08
   shares issued and outstanding at March 31,
   2014; and 0.08 shares issued and
   outstanding at December 31, 2013                        -              -
  Common stock; $0.001 par value; 250.0 shares
   authorized; 75.6 shares issued and 75.4
   shares outstanding at March 31, 2014; and
   75.5 shares issued and 75.3 shares
   outstanding at December 31, 2013                      0.2            0.2
  Treasury stock, at cost; 0.2 shares at March
   31, 2014 and December 31, 2013                       (4.2)          (3.5)
  Additional paid-in capital                         1,461.0        1,457.5
  Accumulated deficit                                  (70.5)         (70.9)
                                               -------------  -------------
Total DigitalGlobe, Inc. stockholders' equity        1,386.5        1,383.3
Noncontrolling interest                                  1.8              -
                                               -------------  -------------
  Total stockholders' equity                         1,388.3        1,383.3
                                               -------------  -------------
  Total liabilities and stockholders' equity   $     3,133.3  $     3,165.8
                                               =============  =============



                             DigitalGlobe, Inc.

         Unaudited Condensed Consolidated Statements of Cash Flows
                                                For the three months ended
                                                         March 31,
                                               ----------------------------
(in millions)                                       2014           2013
                                               -------------  -------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)                              $         0.4  $       (60.6)
Adjustments to reconcile net income (loss) to
 net cash provided by operating activities:
  Depreciation and amortization expense                 57.6           47.3
  Amortization of aerial image library,
   deferred contract costs and lease incentive           5.0            3.9
  Non-cash stock-based compensation expense,
   net of capitalized stock-based compensation
   expense                                               3.9           10.8
  Loss on abandonment of asset                           1.2              -
  Amortization of debt issuance costs and
   accretion of debt discount, net of
   capitalized interest                                    -            1.1
  Write-off of debt issuance costs and debt
   discount                                                -           12.8
  Deferred income taxes                                  3.8          (19.4)
Changes in working capital, net of assets
 acquired and liabilities assumed in business
 combinations:
  Accounts receivable, net                               0.1            6.7
  Other current and non-current assets                   6.3           (2.4)
  Accounts payable                                     (12.1)          (0.7)
  Accrued liabilities                                  (12.7)         (25.4)
  Deferred revenue                                     (13.6)          12.3
  Cash fees paid for early extinguishment of
   long-term debt and debt discount                        -          (13.8)
                                               -------------  -------------
Net cash flows provided by (used in) operating
 activities                                             39.9          (27.4)
                                               -------------  -------------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Construction in progress additions                   (61.8)         (63.1)
  Acquisition of businesses, net of cash
   acquired                                            (35.7)        (524.0)
  Other property and equipment additions                (2.2)          (7.2)
  Decrease in restricted cash                            2.0            0.8
                                               -------------  -------------
Net cash flows used in investing activities            (97.7)        (593.5)
                                               -------------  -------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from issuance of debt                           -        1,150.0
  Repayment of debt                                     (1.4)        (481.2)
  Payment of debt issuance costs                           -          (36.2)
  Proceeds from exercise of stock options                1.8           14.6
  Preferred stock dividend payment                      (1.0)             -
  Other                                                 (0.2)           1.2
                                               -------------  -------------
Net cash flows (used in) provided by financing
 activities                                             (0.8)         648.4
                                               -------------  -------------
Net (decrease) increase in cash and cash
 equivalents                                           (58.6)          27.5
Cash and cash equivalents, beginning of period         229.1          246.2
                                               -------------  -------------
Cash and cash equivalents, end of period       $       170.5  $       273.7
                                               =============  =============
SUPPLEMENTAL CASH FLOW INFORMATION:
Changes to non-cash property, equipment and
 construction in progress accruals, including
 interest                                               12.0           (4.8)
Capital lease obligations                               (3.1)             -
Issuance of shares of common and convertible
 preferred stock for acquisition of business               -          836.5
Stock-based compensation awards issued in
 acquisition of business, net of income taxes              -           13.4
Non-cash preferred stock dividend accrual               (1.0)          (1.0)

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
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 these devices generate enough data to learn our behaviors and simplify/improve our lives. What if we could connect everything to everything? I'm not only talking about connecting things to things but also systems, cloud services, and people. Add in a little machine learning and artificial intelligence and now we have something interesting...
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) irreversibly encoded. In his session at Internet of @ThingsExpo, Peter Dunkley, Technical Director at Acision, will look at how this identity problem can be solved and discuss ways to use existing web identities for real-time communication.
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 real-world benefits of WebRTC and explore future possibilities, as WebRTC and IoT intersect to improve customer service.
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 of TeleStax, an Open Source Cloud Communications company that helps the shift from legacy IN/SS7 telco networks to IP-based cloud comms. An early investor in multiple start-ups, he still finds time to code for his companies and contribute to open source projects.
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 machines.
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!
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 services to the modern P2P RTC era of OTT cloud assisted services.
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 comprehension and conference efficiency.
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 to explain some of these concepts including when to use different storage models.
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 Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace. These technological reforms have not only changed computers and smartphones, but are also changing the data processing model for all information devices. In particular, in the area known as M2M (Machine-To-Machine), there are great expectations that information with a new type of value can be produced using a variety of devices and sensors saving/sharing data via the network and through large-scale cloud-type data processing. This consortium believes that attaching a huge number of devic...
Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies, with a focus on the enterprise, industrial, aerospace, and defense industries. Innodisk is dedicated to serving their customers and business partners. Quality is vitally important when it comes to industrial embedded flash and DRAM storage products. That’s why Innodisk manufactures all of their products in their own purpose-built memory production facility. In fact, they designed and built their production center to maximize manufacturing efficiency and guarantee the highest quality of our products.
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. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital business.
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. Download Slide Deck: ▸ Here
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
With the iCloud scandal seemingly in its past, Apple announced new iPhones, updates to iPad and MacBook as well as news on OSX Yosemite. Although consumers will have to wait to get their hands on some of that new stuff, what they can get is the latest release of iOS 8 that Apple made available for most in-market iPhones and iPads. Originally announced at WWDC (Apple’s annual developers conference) in June, iOS 8 seems to spearhead Apple’s newfound focus upon greater integration of their products into everyday tasks, cross-platform mobility and self-monitoring. Before you update your device, here is a look at some of the new features and things you may want to consider from a mobile security perspective.