SYS-CON MEDIA Authors: Peter Silva, Kevin Jackson, Jessica Qiu, Dana Gardner, Dan Stolts

News Feed Item

Zayo Group, LLC Reports Financial Results for the Third Fiscal Quarter Ended March 31, 2014

Zayo Group, LLC (“Zayo Group” or “the Company”), a leading provider of bandwidth infrastructure and network-neutral colocation and connectivity services, announced results for the three months ended on March 31, 2014.

Third fiscal quarter revenue of $278.0 million grew 6% over the previous quarter on an annualized basis, largely a function of organic growth associated with positive net installations, and to a smaller extent, acquisition-related growth. Adjusted EBITDA of $165.0 million increased 9% over the previous quarter on an annualized basis.

During the three months ended March 31, 2014, capital expenditures were $90.9 million, which included adding 335 route miles and 294 buildings to the network. The Company had $249.8 million of cash and $243.6 million available under its revolving credit agreement as of March 31, 2014.

Financial Highlights

  • Zayo Group generated quarterly revenue of $278.0 million; a $4.4 million sequential quarter increase representing 6% annualized sequential growth
  • Gross profit for the quarter increased $4.0 million from the previous quarter reaching $242.6 million for a gross profit percentage of 87%
  • Net loss increased by $7.4 million from the previous quarter
  • Adjusted EBITDA for the third fiscal quarter was $165.0 million, which was $3.5 million higher than the prior quarter, representing 9% annualized sequential growth
  • Quarterly revenue and Adjusted EBITDA increased by $24.9 million and $17.2 million, respectively over the third quarter of fiscal year 2013
  • Net loss increased by $25.2 million from the third quarter of fiscal year 2013

Recent Developments

Acquisition of Neo Telecom Group ("Neo Telecoms")

On April 27, 2014, the Company entered into a purchase agreement with Neo Telecoms, a Paris-based bandwidth infrastructure company, and certain shareholders of Neo Telecoms. Upon the closing of the transaction, the Company will acquire a 96% equity interest in Neo Telecoms and its subsidiaries. The agreement also includes a contractual mechanism to acquire the remaining approximate 4% equity interest on or after December 31, 2015. The purchase price of 58.0 million Euros (or $80.2 million based on the exchange rate as of April 27, 2014) is in consideration of acquiring full equity ownership in Neo Telecoms and is subject to certain adjustment at closing and post-closing. The Company expects the purchase price will be paid with cash on hand. The transaction is subject to customary closing conditions and approvals.

Third Fiscal Quarter Financial Results
Three Months Ended March 31, 2014 and December 31, 2013

Figure 1.0

($ in millions)       Three months ended
March 31,                 December 31,
2014 2013
Revenue $ 278.0 $ 273.6
Annualized revenue growth 6 %
Gross profit 242.6 238.6
Gross profit % 87 % 87 %
Operating income 16.6 23.1
Loss from continuing operations before provision for income taxes (32.4 ) (28.6 )
Provision for income taxes   11.3     7.7  
Net loss   ($43.7 )   ($36.3 )
                           
 
Adjusted EBITDA $ 165.0 $ 161.5
Purchases of property and equipment, net   90.9     88.3  
Unlevered free cash flow $ 74.1   $ 73.2  
Annualized Adjusted EBITDA growth 9 %
Adjusted EBITDA margin 59 % 59 %
                                   
 

The sequential quarterly revenue increase of $4.4 million was the result of organic growth and to a smaller extent, acquisition-related growth. The Company generated additional monthly revenue of $5.1 million associated with gross installations accepted in the quarter ended March 31, 2014. The increase in revenue related to organic growth was partially offset by total customer churn of $3.5 million in monthly revenue during the quarter. Approximately 88% of churn processed was related to hard disconnects; 10% was related to negative price changes; and 2% was associated with upgrades. Acquisition-related growth represented approximately $0.7 million of the sequential quarterly revenue increase.

The Company’s gross profit percentage and Adjusted EBITDA margin remained consistent as compared to the prior quarter.

Net loss increased by $7.4 million in the quarter ended March 31, 2014 as compared to the previous quarter’s net loss of $36.3 million. This was due to an $8.3 million increase in stock-based compensation expense related to the re-measurement at fair value of the vested common units and additional common units granted during the third fiscal quarter and an increase in expense associated with the Company’s tax provision of $3.6 million offset by the sequential quarterly increase in revenue of $4.4 million.

Three Months Ended March 31, 2014 and March 31, 2013

Figure 1.1

($ in millions)       Three months ended
March 31,                 March 31,
2014 2013
Revenue $ 278.0 $ 253.1
Revenue growth 10 %
Gross profit 242.6 218.0
Gross profit % 87 % 86 %
Operating income 16.6 44.7
Loss from continuing operations before provision for income taxes (32.4 ) (12.0 )
Provision for income taxes   11.3     6.5  
Net loss   ($43.7 )   ($18.5 )
                           
 
Adjusted EBITDA $ 165.0 $ 147.8
Purchases of property and equipment, net   90.9     95.7  
Unlevered free cash flow $ 74.1   $ 52.1  
Adjusted EBITDA growth 12 %
Adjusted EBITDA margin 59 % 58 %
                           
 

Revenue increased $24.9 million over the third quarter of fiscal year 2013, principally as a result of organic growth related to sales efforts and expansion of the network and acquisition-related activities during fiscal years 2013 and 2014. As a result of internal sales efforts since March 31, 2013, the Company has entered into $1,557.6 million of gross new sales contracts, which will represent an additional $21.9 million in monthly revenue once installation on those contracts is accepted. Since March 31, 2013, the amount of gross installations accepted resulted in additional monthly revenue of $19.0 million as of March 31, 2014. This increase in revenue related to our organic growth was partially offset by total customer churn of $14.5 million in monthly revenue since March 31, 2013.

Gross profit increased $24.6 million over the third quarter of fiscal year 2013, primarily as a result of organic revenue growth. The gross profit percentage for the quarter ended March 31, 2014 increased 10% compared to the same quarter in the prior year, primarily as a result of synergies realized related to our previous acquisitions and gross profit on newly installed revenue continuing to exceed the gross profit on revenue churned. This gross profit profile is reflective of the Company’s strategy to deploy capital in network expansion and sell largely “on-net” services.

Net loss increased by $25.2 million for the third quarter of fiscal year 2014 as compared to the third quarter of fiscal year 2013. Revenue increased by $24.9 million for the third quarter of fiscal year 2014 as compared to the same period in fiscal year 2013 due to the Company’s fiscal year 2013 and 2014 acquisitions and organic growth. Other expense was $6.6 million higher in the third quarter of fiscal year 2013 than in the third quarter of fiscal year 2014 due to a loss on extinguishment of debt related to the Company’s debt refinancing activities in the third fiscal quarter of 2013. These were offset by an increase in stock-based compensation expense of $41.5 million due to the common unit grants issued and vested during the fiscal years 2013 and 2014 and the re-measurement at fair value of the vested common units. In addition, income tax expense recorded in the third fiscal quarter of 2014 was $11.3 million as compared to an income tax benefit of $6.5 million recorded for the third quarter of fiscal year 2013.

Adjusted EBITDA increased $17.2 million as compared to the third quarter of fiscal year 2013, due to the Adjusted EBITDA contribution from the fiscal year 2013 acquisitions, synergies realized and organic revenue growth.

Conference Call

Zayo Group will hold a conference call to report fiscal year third quarter 2014 results at 11:00 a.m. EDT, May 9, 2014. The dial in number for the call is 877-256-4701. A live webcast of the call can be found in the investor relations section of Zayo’s website or can be accessed directly at https://cc.readytalk.com/r/j093361pxar1&eom. During the call, the Company will review an earnings supplement presentation that summarizes the financial results of the quarter, which can be found at http://www.zayo.com/investors/earnings-releases.

About Zayo Group

Based in Boulder, Colorado, privately owned Zayo Group (www.zayo.com) is a provider of fiber-based bandwidth infrastructure and network-neutral colocation and connectivity services. Zayo Group is organized into autonomous operating segments supporting customers who require lit and dark fiber services and carrier-neutral colocation. Zayo Group’s business units provide these services over international, national, regional, metro and fiber-to-the-tower networks.

Forward-Looking Statements

Information contained or incorporated by reference in this earnings release, in other SEC filings by the Company, in press releases and in presentations by the Company or its management that are not historical by nature constitute “forward-looking statements” which can be identified by the use of forward-looking terminology such as “believes,” “expects,” “plans,” “intends,” “estimates,” “projects,” “could,” “may,” “will,” “should,” or “anticipates” or the negatives thereof, other variations thereon or comparable terminology, or by discussions of strategy. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. Such statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those relating to the Company’s financial and operating prospects, current economic trends, future opportunities, ability to retain existing customers and attract new ones, outlook of customers, and strength of competition and pricing. In addition, there is risk and uncertainty in the Company’s acquisition strategy, including its ability to integrate acquired companies and assets. Specifically there is a risk associated with our recent acquisitions and the benefits thereof, including financial and operating results and synergy benefits that may be realized from these acquisitions and the timeframe for realizing these benefits. Other factors and risks that may affect the Company’s business and future financial results are detailed in the Company’s SEC filings, including, but not limited to, those described under “Risk Factors” within the Company’s Annual Report on Form 10-K. The Company cautions you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. The Company undertakes no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events except as required by law.

This earnings release should be read together with the Company’s unaudited consolidated financial statements and notes thereto for the quarter ended March 31, 2014 included in the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 9, 2014.

Non-GAAP Financial Measures

The Company provides financial measures that are not defined under generally accepted accounting principles in the United States, or GAAP, including earnings before interest, taxes, depreciation and amortization (“EBITDA”), and Adjusted EBITDA. EBITDA and Adjusted EBITDA are not measurements of our financial performance under GAAP and should not be considered in isolation or as alternatives to net earnings or any other performance measures derived in accordance with GAAP or as alternatives to cash flows from operating activities as measures of liquidity.

“Adjusted EBITDA” is defined as EBITDA from continuing operations adjusted to exclude transaction costs related to acquisitions, stock-based compensation, and certain non-cash or non-recurring items. Management uses EBITDA and Adjusted EBITDA to evaluate operating performance, and this financial measure is among the primary measures used by management for planning and forecasting future periods. The Company further believes that the presentation of EBITDA and Adjusted EBITDA is relevant and useful for investors because it allows investors to view results in a manner similar to the method used by management and makes it easier to compare our results with the results of other companies that have different financing and capital structures.

Adjusted EBITDA have limitations as analytical tools, and should not be considered in isolation from, or as substitutes for, analysis of our results as reported under GAAP. For example, Adjusted EBITDA:

  • does not reflect capital expenditures, or future requirements for capital and major maintenance expenditures or contractual commitments;
  • does not reflect changes in, or cash requirements for, our working capital needs;
  • does not reflect the significant interest expense, or the cash requirements necessary to service the interest payments, on our debt; and
  • does not reflect cash required to pay income taxes.

The Company’s computation of Adjusted EBITDA may not be comparable to other similarly titled measures computed by other companies because all companies do not calculate Adjusted EBITDA in the same fashion.

Because the Company has acquired numerous entities since inception and incurred transaction costs in connection with each acquisition, has borrowed money in order to finance operations, has used capital and intangible assets in the business, and because the payment of income taxes is necessary if taxable income is generated, any measure that excludes these items has material limitations. As a result of these limitations, EBITDA and Adjusted EBITDA should not be considered as measures of discretionary cash available to invest in the growth of the business or as measures of liquidity.

In addition to Adjusted EBITDA, management uses Unlevered Free Cash Flow, which measures the ability of Adjusted EBITDA to cover capital expenditures. Adjusted EBITDA is a performance, rather than cash flow measure. Correlating our capital expenditures to our Adjusted EBITDA does not imply that we will be able to fund such capital expenditures solely with cash from operations. Gross profit, defined as revenue less operating costs, excluding depreciation and amortization, is used by management to assess profitability prior to selling, general and administrative expenses, stock-based compensation and depreciation and amortization.

Consolidated Financial Information - Unaudited

Zayo Group
Consolidated Statements of Operations

Figure 1.2

      Three months ended         Nine months ended
($ in thousands) March 31, March 31,
2014         2013 2014         2013
Revenue $ 278,038   $ 253,148   $ 815,983   $ 729,915  
Operating costs and expenses
Operating costs, excluding depreciation and amortization 35,358 35,130 105,267 102,735
Selling, general and administrative expenses, excluding stock-based compensation 77,734 70,419 230,005 229,238
Stock-based compensation   64,964     23,453     164,332     67,379  
Selling, general and administrative expenses 142,698 93,872 394,337 296,617

Depreciation and amortization

  83,392     79,473     245,223     242,489  
Total operating costs and expenses   261,448     208,475     744,827     641,841  
Operating income   16,590     44,673     71,156     88,074  
Other expenses
Interest expense (49,131 ) (49,618 ) (150,905 ) (164,808 )
Loss on extinguishment of debt - (6,571 ) (1,911 ) (77,253 )
Other income/(expense), net   125     (508 )   1,265     301  
Total other expense   (49,006 )   (56,697 )   (151,551 )   (241,760 )
 
Loss from continuing operations before provision for income taxes (32,416 ) (12,024 ) (80,395 ) (153,686 )
Provision/(benefit) for income taxes   11,327     6,519     27,559     (33,507 )
Loss from continuing operations   (43,743 )   (18,543 )   (107,954 )   (120,179 )
Earnings from discontinued operations, net of income taxes   -     -     -     1,808  
Net loss $ (43,743 ) $ (18,543 ) $ (107,954 ) $ (118,371 )
 
 

Zayo Group
Consolidated Balance Sheets

Figure 1.3

($ in thousands)                      
March 31, June 30,
2014 2013
 
Assets
Current assets
Cash and cash equivalents $ 249,839 $ 88,148
Trade receivables, net 46,965 67,811
Due from related parties 569 622
Prepaid expenses 21,335 19,188
Deferred income taxes 90,356 90,356
Other assets   3,605     2,851  
Total current assets 412,669 268,976
 
Property and equipment, net 2,532,402 2,411,220
Intangible assets, net 623,039 636,258
Goodwill 764,234 682,775
Debt issuance costs, net 89,793 99,098
Deferred tax assets, net - 280
Other assets   27,804     29,284  
Total assets $ 4,449,941   $ 4,127,891  
 
Liabilities and member's equity
Current liabilities
Current portion of long-term debt $ 17,700 $ 16,200
Accounts payable 20,850 33,477
Accrued liabilities 115,760 115,932
Accrued interest 28,849 55,048
Capital lease obligations, current 3,050 6,600
Deferred revenue, current   59,021     35,977  
Total current liabilities 245,230 263,234
Long-term debt, non-current 2,953,010 2,814,505
Capital lease obligations, non-current 16,480 6,567
Deferred revenue, non-current 434,284 326,180
Stock-based compensation liability 310,887 158,520
Deferred tax liabilities, net 30,363 5,560
Other long term liabilities   20,237     19,892  
Total liabilities 4,010,491 3,594,458
 
Member's equity
Member's interest 703,282 703,963
Accumulated other comprehensive income/(loss) 9,897 (4,755 )
Accumulated deficit   (273,729 )   (165,775 )
Total member's equity   439,450     533,433  
Total liabilities and member's equity $ 4,449,941   $ 4,127,891  
 
 

Zayo Group
Consolidated Statements of Cash Flows

Figure 1.4

($ in thousands)                      
Nine months ended
March 31,
2014 2013
Cash flows from operating activities:
Net loss $ (107,954 ) $ (118,371 )
Earnings from discontinued operations   -     1,808  
Loss from continuing operations (107,954 ) (120,179 )
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization 245,223 242,489
Loss on extinguishment of debt 1,911 77,253
Non-cash interest expense 14,883 18,575
Stock-based compensation 164,332 67,379
Amortization of deferred revenue (39,206 ) (30,164 )
Additions to deferred revenue 112,665 27,059
Provision for bad debts 1,611 1,682
Deferred income taxes 27,400 (32,230 )
 
Changes in operating assets and liabilities, net of acquisitions
Trade receivables 23,780 (14,701 )
Prepaid expenses (780 ) 6,454
Other assets (2,550 ) (3,436 )
Accounts payable and accrued liabilities (32,970 ) 14,983
Payables to related parties, net 26 89
Other liabilities   (12,175 )   3,464  
Net cash provided by continuing operating activities   396,196     258,717  
 
Cash flows from investing activities:
Purchases of property and equipment (265,872 ) (230,264 )
Broadband stimulus grants received - 8,967

Acquisition of CoreXchange, LLC

(17,503 ) -
Acquisition of Fiberlink, LLC, net of cash acquired (43,137 ) -
Acquisition of Access Communications Inc., net of cash acquired (40,068 ) -
Colocation Asset Purchase, net of cash acquired (251 ) -
Core NAP purchase consideration paid (50 ) -
Acquisition of Abovenet, Inc., net of cash acquired - (2,212,492 )
Acquisition of FiberGate, net of cash acquired - (118,335 )
Acquisition of USCarrier Telecom, LLC, net of cash acquired - (16,092 )
Acquisition of First Telecom Services, LLC, net of cash acquired - (109,700 )
Acquisition of Litecast/Balticore, LLC, net of cash acquired - (22,177 )
Arialink purchase consideration returned - 797
Mercury Marquis Holdings, LLC purchase consideration returned - 1,875
Proceeds from principal payments received on related party loans   -     3,837  
Net cash used in investing activities   (366,881 )   (2,693,584 )
 
Cash flows from financing activities:
Proceeds from issuance of long-term debt 150,000 3,188,048
Proceeds from revolving credit facility 45,000 -
Equity contributions 4,589 342,783
Distribution to Parent (1,203 ) -
Principal payments on long-term debt (12,900 ) (1,050,477 )
Principal repayments on capital lease obligations (6,873 ) (1,130 )
Payments on revolving credit facility (45,000 ) -
Payment of early redemption fees on debt extinguished - (72,117 )
Payment of debt issuance costs (1,695 ) (82,972 )
Change in restricted cash, net - 22,668
Cash contributed to ZPS   -     (7,218 )
Net cash provided by financing activities   131,918     2,339,585  
 
Cash flows from discontinued operations:
Operating activities - 3,914
Investing activities   -     2,424  
Net cash provided by discontinued operations   -     6,338  
Effect of changes in foreign exchange rates on cash 458 (581 )
Net increase in cash and cash equivalents 161,691 (89,525 )
Cash and cash equivalents, beginning of period   88,148     150,693  
Cash and cash equivalents, end of period $ 249,839   $ 61,168  
 
 

Zayo Group
Reconciliation of Non-GAAP Financial Measures

Figure 1.5

($ in millions)       Three months ended
March 31,       December 31,       March 31,       March 31,       March 31,
2014 2013 2013 2014 2013
Net loss ($43.7 ) ($36.3 ) ($18.5 ) ($108.0 ) ($118.4 )
Earnings from discontinued operations - - - - (1.8 )
Interest expense 49.1 50.3 49.6 150.9 164.8
Benefit/(provision) for income taxes 11.3 7.7 6.5 27.6 (33.5 )
Depreciation and amortization 83.4 81.3 79.5 245.2 242.5
Transaction costs - 0.2 0.1 0.8 13.1
Stock-based compensation 65.0 56.7 23.5 164.3 67.4
Loss on extinguishment of debt - 1.9 6.6 1.9 77.3
Foreign currency gain on intercompany loan   (0.1 )   (0.2 )   (0.1 )   (0.9 )     -  
Adjusted EBITDA $ 165.0 $ 161.6 $ 147.2 $ 481.8 $ 411.4
Purchases of property and equipment, net   90.9     88.3     95.7     265.9     221.3  
Unlevered Free Cash Flow, as defined $ 74.1   $ 73.3   $ 51.5   $ 215.9   $ 190.1  
 

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@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.
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
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.
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.