SYS-CON MEDIA Authors: Roberto Medrano, Dmitriy Stepanov, Gilad Parann-Nissany, Srinivasan Sundara Rajan, Sean Houghton

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AVG Reports Second Quarter 2014 Financial Results

Subscription revenue increases 12%; Non-GAAP diluted EPS is $0.47; Net cash flow from operating activities is $22.3 million.

AMSTERDAM and SAN FRANCISCO, July 30, 2014 /PRNewswire/ -- AVG Technologies N.V. (NYSE: AVG), the online security company with 182 million active users and 85 million mobile users, today reported results for the second quarter ended June 30, 2014.

Total revenue for the second quarter of 2014 was $88.0 million. Subscription revenue increased 12% over the same period one year ago to $68.2 million. Platform-derived revenue decreased 50% over the same period one year ago to $19.8 million as a result of changes to the search business that were communicated over the past several quarters.

Non-GAAP adjusted net income for the second quarter of 2014 was $24.7 million, or $0.47 per diluted ordinary share.1

GAAP net income for the second quarter of 2014 was $13.7 million, or $0.26 per diluted ordinary share. 

Non-GAAP free cash flow was $19.1 million and net cash flow from operating activities was $22.3 million for the second quarter of 2014. The Company closed the second quarter with cash of $45.1 million and no debt. 

"I am pleased with our continued execution against our long term strategy toward becoming the online security company," commented Gary Kovacs, CEO of AVG. "We remain focused on the roll out of the AVG Zen platform, developing new applications to better serve customers, and building industry leading partnerships across mobile ecosystem players and consumer electronic OEMs. Our mobile user count continued to grow, reaching 85 million at the end of the quarter. I am particularly proud of the work we have done to strengthen our partnership with Yahoo! as this relationship is a strategic priority. These types of partnerships are key to driving further progress in the second half of 2014 and to delivering growth in 2015 and beyond," concluded Kovacs.

Financial Outlook

Based on information available as of July 30, 2014, AVG is updating its outlook for fiscal year 2014 as follows:

  • Revenue is expected to be at the low end of the original range of $365 million to $405 million.
  • Non-GAAP diluted EPS is expected to be in the middle of the range of $1.80 to $2.10.
  • GAAP diluted EPS is expected to be in the middle of the range of $1.00 to $1.30.

Non-GAAP diluted EPS excludes share-based compensation expense, acquisition amortization, rationalization and other charges, and an adjustment to normalize to a tax rate of 12.5%. Non-GAAP diluted EPS and diluted EPS are based on an estimate of approximately 53.5 million weighted-average diluted ordinary shares outstanding during 2014.

Conference Call Information

AVG will hold its quarterly conference call today at 23:00 CET/5:00 p.m. ET/2:00 p.m. PT to discuss its second quarter 2014 financial results, business highlights and outlook.  The conference call may be accessed via webcast at http://investors.avg.com or by calling (888) 438-5519 (U.S. and Canada) or +1 (719) 325-2215 (International).

A replay of the webcast can be accessed via http://investors.avg.com.  Additionally, an audio replay of the conference call will be available by calling (888) 203-1112 (U.S. and Canada) or +1 (719) 457-0820 (International) and entering passcode: 2290282#

Use of Non-GAAP Financial Information

This press release contains supplemental non-GAAP financial measures that are not calculated in accordance with U.S. GAAP.  These non-GAAP measures provide additional information on the performance or liquidity of our business and so we believe are useful for investors.

Adjusted net income, free cash flow and their related ratios are non-GAAP measures and should not be considered alternatives to the applicable U.S. GAAP measures.  In particular, adjusted net income and free cash flow, and their related ratios, should not be considered as measurements of our financial performance or liquidity under U.S. GAAP, as alternatives to income, operating income or any other performance measures derived in accordance with U.S. GAAP or as alternatives to cash flow from operating activities as a measure of our liquidity.

Adjusted net income and free cash flow are measures of financial performance and liquidity, respectively, and have limitations as analytical tools, and should not be considered in isolation from, or as substitutes for, analysis of our results of operations, including our operating income and cash flows, as reported under U.S. GAAP.  We provide these non-GAAP financial measures because we believe that such measures provide important supplemental information to management and investors about the Company's core operating results and liquidity, primarily because the non-GAAP financial measures exclude certain expenses and other amounts that management does not consider to be indicative of the Company's core operating results or business outlook or liquidity.  Management uses these non-GAAP financial measures, in addition to the corresponding U.S. GAAP financial measures, in evaluating the Company's operating performance, in planning and forecasting future periods, in making decisions regarding business operations and allocation of resources, and in comparing the Company's performance against its historical performance.  Some of the limitations of adjusted net income and free cash flow and their related ratios as measures are:

  • they do not reflect our cash expenditure or future requirements for capital expenditure or contractual commitments, nor do they reflect the actual cash contributions received from customers;
  • they do not reflect changes in, or cash requirements for, our working capital needs;
  • although amortization and share-based compensation are non-cash charges, the assets being amortized will often have to be replaced in the future and such measures do not reflect any cash requirements for such replacements; and
  • other companies in our industry may calculate these measures differently than we do, limiting their usefulness as comparative measures

Because of these limitations, investors should rely on AVG's consolidated financial statements prepared in accordance with U.S. GAAP and treat the Company's non-GAAP financial measures as supplemental information only.

For a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with U.S. GAAP, please see "Reconciliation of GAAP to non-GAAP financial measures".  All non-GAAP financial measures should be read in conjunction with the comparable information presented in accordance with U.S. GAAP.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those relating to an expected range of revenue, diluted EPS, and non-GAAP diluted EPS for fiscal year 2014, as well as those relating to the future prospects of AVG.  Words such as "expects," "expectation," "intends," "assumes," "believes" and "estimates," variations of such words and similar expressions are also intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein. Factors that could cause or contribute to such differences include but are not limited to: changes in international and national tax regulations and related proposals; changes in the Company's growth strategies; changes in the Company's future prospects, business development, results of operations and financial condition; changes to the online and computer threat environment and the endpoint security industry; competition from local and international companies, new entrants in the market and changes to the competitive landscape; the adoption of new, or changes to existing, laws and regulations; flaws in the assumptions underlying the calculation of the Company's key metrics, including  the number of the Company's active users and mobile users, revenue per average active user; the potential effects of changes in the applicable search guidelines of our search partners, including the Company's and its competitors' responses to these changes; the termination of or changes to the Company's relationships with its partners, including Google, Yahoo! and other third parties; changes in the Company's and its partners' responses to privacy concerns; the ability for the Company to successfully diversify its portfolio of search partners; the Company's plans to launch new products and online services and monetize its full user base; the performance of new products, such as AVG Zen; the Company's ability to attract and retain active and subscription users; the Company's ability to retain key personnel and attract new talent; the Company's ability to adequately protect its intellectual property; flaws in the Company's internal controls or IT systems; the Company's geographic expansion plans; the anticipated costs and benefits of the Company's acquisitions; the outcome of ongoing or any future litigation or arbitration, including litigation or arbitration relating to intellectual property rights; the Company's legal and regulatory compliance efforts; and worldwide economic conditions and their impact on demand for the Company's products and services.  Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements.

Further information on these factors and other risks that may affect the Company's business is included in filings AVG makes with the U.S. Securities and Exchange Commission (SEC) from time to time, including its Annual Report on Form 20-F, particularly under the heading "Risk Factors".

The financial information contained in this press release should be read in conjunction with the consolidated financial statements and notes thereto to be included in the Company's reports on Form 6-K and Form 20-F.  The Company's results of operations for the second quarter, ended June 30, 2014 are not necessarily indicative of the Company's operating results for any future periods.

These documents are available online from the SEC or in the Investor Relations section of the Company's website at http://investors.avg.com.  Information on the AVG website is not part of this release.  All forward-looking statements in this press release are based on information currently available to the Company, and AVG assumes no obligation to update these forward-looking statements in light of new information or future events.

About AVG

AVG is the online security company providing leading software and services to secure devices, data and people. AVG has 182 million active users as of June 30, 2014, using AVG's products and services including Internet security, performance optimization, and personal privacy and identity protection. By choosing AVG's products, users become part of a trusted global community that engages directly with AVG to provide feedback and offer mutual support to other customers.

All trademarks are the property of their respective owners.

1 Non-GAAP results for the second quarter of 2014 exclude $3.1 million in share based compensation expense, $4.3 million in acquisition amortization and $0.7 million in restructuring, legal and other charges, together with a $2.8 million adjustment to normalize to a tax rate of 12.5%, as described in the Reconciliation of GAAP measures to non-GAAP measures.


AVG Technologies N.V.

Unaudited condensed consolidated balance sheets

(in thousands of U.S. dollars)



December 31,


June 30,



2013


2014


ASSETS



Current assets:







Cash and cash equivalents

$

42,349


$

45,097


Restricted cash


4,654



5,300


Trade accounts receivable, net


26,160



21,927


Inventories


1,017



723


Deferred income taxes


25,058



24,599


Prepaid expenses 


5,927



7,246


Other current assets


5,416



3,102


Total current assets


110,581



107,994


Property and equipment, net


15,294



14,162


Deferred income taxes


33,820



27,222


Intangible assets, net


59,577



50,661


Goodwill


84,843



84,887


Investment


160



160


Other assets


2,507



1,553


Total assets

$

306,782


$

286,639









LIABILITIES AND SHAREHOLDERS' EQUITY







Current liabilities:







Accounts payable

$

11,356


$

6,048


Accrued compensation and benefits


18,245



12,793


Accrued expenses and other current liabilities


31,569



32,246


Income taxes payable


4,680



5,479


Deferred tax liabilities


163



334


Deferred revenue


164,136



163,933


Total current liabilities


230,149



220,833


Long-term debt


30,000



-


Deferred revenue, less current portion


33,050



32,127


Deferred tax liabilities


342



-


Other non-current liabilities


4,075



3,482


Total liabilities


297,616



256,442









Ordinary shares


727



727


Distributions in excess of capital


(128,809)



(125,253)


Treasury shares


(33,179)



(46,816)


Accumulated other comprehensive loss


(8,343)



(8,859)


Retained earnings


178,770



210,398


Total shareholders' equity


9,166



30,197


Total liabilities and shareholders' equity

$

306,782


$

286,639









 

AVG Technologies N.V.


Unaudited condensed consolidated statements of comprehensive income


(in thousands of U.S. dollars, except for share data and per share data)








Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Revenue:









Subscription

$

61,000


$

68,225


$

117,579


$

135,515


Platform-derived


39,381



19,784



87,528



46,040


Total revenue


100,381



88,009



205,107



181,555


Cost of revenue:













Subscription


(6,220)



(8,934)



(13,649)



(17,045)


Platform-derived


(9,537)



(3,535)



(16,214)



(8,936)


Total cost of revenue


(15,757)



(12,469)



(29,863)



(25,981)


Gross profit


84,624



75,540



175,244



155,574


Operating expenses:













Research and development


(14,145)



(15,823)



(28,791)



(32,270)


Sales and marketing


(23,147)



(22,550)



(46,566)



(45,032)


General and administrative


(15,516)



(16,757)



(35,773)



(33,133)


Total operating expenses


(52,808)



(55,130)



(111,130)



(110,435)


Operating income


31,816



20,410



64,114



45,139


Other expense, net


(4,512)



(392)



(6,598)



(449)


Income before income taxes and loss from investment in equity affiliate


27,304



20,018



57,516



44,690


Income tax provision


(5,614)



(6,333)



(11,384)



(13,062)


Net income

$

21,690


$

13,685


$

46,132


$

31,628


Comprehensive income

$

22,999


$

13,873


$

46,060


$

31,112















Earnings per share:













Net income

$

21,690


$

13,685


$

46,132


$

31,628


Net income available to ordinary shareholders - basic

$

21,690


$

13,685


$

46,132


$

31,628


Net income available to ordinary shareholders - diluted

$

21,690


$

13,685


$

46,132


$

31,628


Earnings per ordinary share – basic

$

0.40


$

0.26


$

0.85


$

0.60


Earnings per ordinary share – diluted

$

0.39


$

0.26


$

0.84


$

0.60


Weighted-average shares outstanding – basic


54,487,750



52,407,636



54,257,788



52,777,085


Weighted-average shares outstanding – diluted


54,949,534



52,744,420



54,788,767



53,112,758




























 

AVG Technologies N.V.


Unaudited condensed consolidated statements of cash flows


(in thousands of U.S. dollars)





Three months ended

Six months ended



June 30,

June 30,



2013


2014


2013


2014


OPERATING ACTIVITIES:













Net income

$

21,690


$

13,685


$

46,132


$

31,628


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













Depreciation and amortization 


5,362



7,973



10,461



15,726


Share-based compensation


1,593



3,123



5,226



5,935


Deferred income taxes


(1,234)



2,389



566



7,009


Change in the fair value of contingent consideration liabilities


172



92



987



183


Amortization of financing costs and loan discount


2,856



64



3,845



126


Loss (gain) on sale of property and equipment


(41)



(50)



(76)



(39)


Net change in assets and liabilities, excluding effects of acquisitions and deferred revenue


13,048



(4,188)



10,402



(4,664)


Net change in deferred revenue


716



(795)



9,886



(899)


Net cash provided by operating activities


44,162



22,293



87,429



55,005


INVESTING ACTIVITIES:













Purchase of property and equipment and intangible assets


(4,083)



(3,195)



(7,821)



(5,912)


Proceeds from sale of property and equipment


75



57



128



218


Cash payments for acquisitions, net of cash acquired


(23,330)



-



(26,195)



-


Proceeds from sale of investment 


9,750



-



9,750



-


Decrease (increase) in restricted cash


(3,775)



1,704



(4,587)



175


Net cash used in investing activities


(21,363)



(1,434)



(28,725)



(5,519)


FINANCING ACTIVITIES:













Payment of contingent consideration


(50)



-



(225)



-


Proceeds of credit agreement 


75,000



-



75,000



-


Debt issuance costs


(774)



-



(774)



-


Repayments of principal on current credit agreement


(8,333)



(5,000)



(8,333)



(30,000)


Repayments of principal on former credit facility


(77,807)



-



(100,863)



-


Proceeds from exercise of share options


1,709



1,145



1,908



1,858


Repurchases of share rights and options from employees


(6)



-



(2,906)



(1,460)


Repurchase of own shares


(1,509)



(8,175)



(1,509)



(16,422)


Net cash used in financing activities


(11,770)



(12,030)



(37,702)



(46,024)


Effect of exchange rate fluctuations on cash and cash equivalents


(102)



(99)



(1,180)



(714)


Change in cash and cash equivalents


10,927



8,730



19,822



2,748


Beginning cash and cash equivalents


60,785



36,367



51,890



42,349


Ending cash and cash equivalents

$

71,712


$

45,097


$

71,712


$

45,097















Income taxes paid

$

(2,889)


$

(3,071)


$

(4,659)


$

(5,345)


Interest paid

$

(655)


$

(102)


$

(2,690)


$

(381)




























 

AVG Technologies N.V.


Reconciliation of GAAP measures to non-GAAP measures


(in thousands of U.S. dollars)





Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Gross profit

$

84,624


$

75,540


$

175,244


$

155,574


Add back:













- Share-based compensation


27



11



25



14


- Acquisition amortization(1)


1,352



2,737



2,615



5,394


- Other adjustments(2)


-



-



(7)



-


Non-GAAP adjusted gross profit

$

86,003


$

78,288


$

177,877


$

160,982


Revenue


100,381



88,009



205,107



181,555


Non-GAAP adjusted gross profit margin


86%



89%



87%



89%















Operating expenses

$

(52,808)


$

(55,130)


$

(111,130)


$

(110,435)


Less:













- Share-based compensation


1,566



3,112



5,201



5,921


- Acquisition amortization(1)


973



1,606



1,993



3,212


- Other adjustments(2)


338



747



1,208



3,314


Non-GAAP adjusted operating expenses

$

(49,931)


$

(49,665)


$

(102,728)


$

(97,988)















Operating income

$

31,816


$

20,410


$

64,114


$

45,139


Add back:













- Share-based compensation


1,593



3,123



5,226



5,935


- Acquisition amortization(1)


2,325



4,343



4,608



8,606


- Other adjustments(2)


338



747



1,201



3,314


Non-GAAP adjusted operating income

$

36,072


$

28,623


$

75,149


$

62,994


Revenue


100,381



88,009



205,107



181,555


Non-GAAP adjusted operating income margin


36%



33%



37%



35%















Other expense, net

$

(4,512)


$

(392)


$

(6,598)


$

(449)


Less:













- Other adjustments(2)


2,643



-



2,643



-


Non-GAAP adjusted other expense, net

$

(1,869)


$

(392)


$

(3,955)


$

(449)




























 

AVG Technologies N.V.


Reconciliation of GAAP measures to non-GAAP measures


(in thousands of U.S. dollars)





Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Net income

$

21,690


$

13,685


$

46,132


$

31,628


Add back:













- Share-based compensation


1,593



3,123



5,226



5,935


- Acquisition amortization(1)


2,325



4,343



4,608



8,606


- Other adjustments(2)


2,981



747



3,844



3,314


- Provision (Benefit) for income taxes


5,614



6,333



11,384



13,062


Non-GAAP adjusted profit before taxes

$

34,203


$

28,231


$

71,194


$

62,545


Less: Estimated provision for income taxes(3)


(4,788)



(3,529)



(9,967)



(7,818)


Non-GAAP adjusted net income


29,415



24,702



61,227



54,727















Weighted-average shares outstanding - diluted (in thousands)


54,950



52,744



54,789



53,113


Non-GAAP adjusted net income


29,415



24,702



61,227



54,727


Non-GAAP diluted EPS

$

0.54


$

0.47


$

1.12


$

1.03



































December 31,

June 30,









2013


2014


Cash and cash equivalents







$

42,349


$

45,097


Long-term debt








(30,000)



-


Net cash







$

12,349


$

45,097





























Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Net cash provided by operating activities

$

44,162


$

22,293


$

87,429


$

55,005


Less: Payments for property and equipment and intangible assets


(4,083)



(3,195)



(7,821)



(5,912)


Free cash flow

$

40,079


$

19,098


$

79,608


$

49,093





























Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Revenue

$

100,381


$

88,009


$

205,107


$

181,555


Free cash flow


40,079



19,098



79,608



49,093


Cash conversion


40%



22%



39%



27%




























 

AVG Technologies N.V.


Reconciliation of GAAP measures to non-GAAP measures


(in thousands of U.S. dollars, except for users, active users


and revenue per average active user data)









Twelve months ended









June 30,









2013


2014


Total revenue (trailing 12 months)







$

395,565


$

383,561


Active users at period end (in millions)(4)








155



182


Average active users (in millions)(5)








142



169


Twelve months trailing revenue per average active user







$

2.79


$

2.27




























Share-based compensation


(in thousands of U.S. dollars)



Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Cost of revenue

$

(27)


$

(11)


$

(25)


$

(14)


Research and development


(180)



(453)



(252)



(796)


Sales and marketing


(798)



(247)



(556)



(507)


General and administrative


(588)



(2,412)



(4,393)



(4,618)


Share-based compensation

$

(1,593)


$

(3,123)


$

(5,226)


$

(5,935)




























Acquisition amortization


(in thousands of U.S. dollars)



Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Cost of revenue

$

(1,352)


$

(2,737)


$

(2,615)


$

(5,394)


Research and development


(5)



(175)



(8)



(350)


Sales and marketing


(968)



(1,431)



(1,985)



(2,862)


Acquisition amortization

$

(2,325)


$

(4,343)


$

(4,608)


$

(8,606)




























Other adjustments


(in thousands of U.S. dollars)



Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Cost of revenue

$

-


$

-


$

7


$

-


Research and development


(296)



(449)



(435)



(1,270)


Sales and marketing


(32)



(267)



(631)



(382)


General and administrative


(10)



(31)



(142)



(1,662)


Other expenses, net


(2,643)



-



(2,643)



-


Other adjustments

$

(2,981)


$

(747)


$

(3,844)


$

(3,314)




























 

(1)

Includes amortization of acquired intangible assets.



(2)

Other adjustments between GAAP and non-GAAP measures in the three and six months ended June 30, 2014 comprise of $0 and $1.4 million respectively in charges associated with litigation settlements, $0.4 and $1.2 million respectively in acquisition related charges primarily relating to the PrivacyChoice integration and $0.3 and $0.7 million respectively in charges associated with the rationalization of the Company's global operations.  Other adjustments between GAAP and non-GAAP measures in the three and six months ended June 30, 2013 comprise of $0.3 million and $0.3 million respectively in acquisition related charges primarily relating to the PrivacyChoice integration, $0 million and $0.9 million respectively in charges associated with the rationalization of the Company's global operations and of $2.6 million of accelerated deferred financing costs due to the full voluntary repayment of the long term debt in the second quarter of 2013.



(3)

Adjusted for impact of normalized tax rate of 12.5% in the three months and six months ended June 30, 2014 and 14% for the 3 and six months ended June 30, 2013. The normalized tax of 12.5% is based on an estimate of our future cash tax rate as well as our recent cash and income statement tax charges.



(4)

Active users are those that (i) have downloaded and installed our free software on a PC and have connected to our server at least twice, including at least once in the preceding 30-day period, (ii) represent a unique mobile device, which has installed one or more of our mobile applications, from which at least one application has contacted our server twice in the preceding 30-day period (with at least 24 hours between the first and second contact), (iii) have a valid subscription license for our software solutions or (iv) represent a unique device using our secure search solution that has made at least one secure search in the preceding 30-day period.



(5)

The number of average active users is calculated as the simple average of active users at the beginning of a period and the end of a period.

SOURCE AVG Technologies N.V.

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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 w...
The term culture has had a polarizing effect among DevOps supporters. Some propose that culture change is critical for success with DevOps, but are remiss to define culture. Some talk about a DevOps culture but then reference activities that could lead to culture change and there are those that talk about culture change as a set of behaviors that need to be adopted by those in IT. There is no question that businesses successful in adopting a DevOps mindset have seen departmental culture change, ...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
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 Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
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. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrateg...
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from ha...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...