Click here to close now.

SYS-CON MEDIA Authors: XebiaLabs Blog, Pat Romanski, Elizabeth White, Liz McMillan, Carmen Gonzalez

News Feed Item

j2 Global Reports Q2 2014 Results

j2 Global, Inc. (NASDAQ-GS:JCOM) today reported financial results for the second quarter ended June 30, 2014 and announced that its Board of Directors has declared a quarterly cash dividend of $0.2775 per share, j2’s twelfth consecutive quarterly dividend increase.

SECOND QUARTER 2014 RESULTS

Business Cloud Services revenues(1) increased 12.0% to a record $105.3 million compared to $94.0 million for Q2 2013. Digital Media revenues increased 17.2% to a record $38.2 million compared to $32.6 for Q2 2013. Intellectual Property (IP) Licensing revenues decreased to $1.2 million from $14.7 million for Q2 2013, due primarily to the Company securing a $27 million license agreement in Q3 2013 that increased revenues that quarter by $12.6 million from past damages (the “Q2 2013 License Agreement”).(2)

Consolidated revenues for the quarter increased 2.3% to a record $144.7 million compared to $141.4 million in Q2 2013. Adjusted Non-GAAP revenues for the quarter increased 14.4% to $145.7 million compared to $127.4 million in Q2 2013.(3)

Earnings per diluted share(4) for the quarter decreased (5.2)% to $0.73 compared to $0.77 for Q2 2013, due primarily to approximately $0.17 from the Q2 2013 License Agreement. Adjusted Non-GAAP earnings per diluted share(4)(5) for the quarter increased 10.5% to $0.84 compared to $0.76 for Q2 2013.

EBITDA(6) for the quarter increased 18.4% to $63.7 million compared to $53.8 million for Q2 2013.

Free cash flow(7) for the quarter increased 38% to $54.1 million compared to $39.2 million for Q2 2013.

j2 ended the quarter with $708.5 million in cash and investments after issuing convertible senior notes with net proceeds of $391.4 million and deploying $53.5 million for acquisitions during the quarter and j2’s regular quarterly dividend payment.

Key GAAP financial results for Q2 2014 versus Q2 2013 are set forth in the following table (in millions, except per share).

                 
      Q2 2014     Q2 2013     % Change
Revenues                    
Cloud Services     $105.3 million     $94.0 million       12.0%
Digital Media     $38.2 million     $32.6 million       17.2%
IP Licensing     $1.2 million     $14.7 million       (91.8)%
Total:     $144.7 million     $141.4 million       2.3%
Earnings per Diluted Share (4)     $0.73     $0.77       (5.2)%
         

Key Adjusted Non-GAAP financial results for Q2 2014 versus Q2 2013 are set forth in the following table (in millions, except per share). Reconciliations of revenues, earnings per diluted share, EBITDA and free cash flow to their nearest comparable GAAP financial measures are attached to this Press Release.

                 
      Q2 2014     Q2 2013     % Change
Adjusted Non-GAAP Revenues                    
Cloud Services     $106.3 million     $94.0 million       13.1%
Digital Media     $38.2 million     $31.2 million       22.4%
IP Licensing     $1.2 million     $2.2 million       (45.5)%
Total:     $145.7     $127.4       14.4%
Adjusted Non-GAAP Earnings per Diluted Share (4) (5)     $0.84     $0.76       10.5%
EBITDA (6)     $63.7 million     $53.8 million       18.4%
Free Cash Flow (7)     $54.1 million     $39.2 million       38%
         

“This was a great quarter,” said Hemi Zucker, j2’s CEO. “We grew our Digital Media revenues(3) by 22.4% and our Cloud Services revenues(3) by 13.1%, each versus Q2 2013. We made significant progress on several key strategic priorities, including further reducing our churn rate and continuing to increase our non-fax business – which now comprises more than 52% of our revenues – while simultaneously growing our fax business. In addition, our cost containment in our Cloud Services and Digital Media businesses allowed us to flow through more than 50% of incremental revenues in those businesses to EBITDA. With more than $700 million in cash and investments on hand, we are in a strong position.”

BUSINESS OUTLOOK

j2 is reaffirming its previously announced fiscal 2014 revenues estimate of between $580 and $600 million.

In Q2 2014, j2 issued $402.5 million in convertible senior notes, which will adversely impact 2014 earnings per diluted share by approximately $0.10. Notwithstanding this impact, j2 is reaffirming its previously announced fiscal 2014 Adjusted Non-GAAP earnings per diluted share estimate of between $3.23 and $3.47.

Adjusted Non-GAAP earnings per diluted share for 2014 excludes share-based compensation of between $10 and $12 million, amortization of acquired intangibles and the impact of any currently unanticipated items, and adds back $1.5 million to reflect the impact of the fair value adjustment to deferred revenues purchased in the Livedrive acquisition, in each case net of tax.

It is anticipated that the Adjusted Non-GAAP tax rate for 2014 will be between 27% and 29%.

DIVIDEND

j2’s Board of Directors has approved a cash dividend of $0.2775 per common share, a 12.1% increase versus the dividend paid in Q3 2013. This is j2’s twelfth consecutive quarterly dividend increase since its first quarterly dividend in September 2011. The dividend will be paid on September 2, 2014 to all shareholders of record as of the close of business on August 18, 2014. Future dividends will be subject to Board approval.

Notes:

(1)   Defined as Business Cloud Services segment revenues less IP Licensing revenues.
 
(2) For more information on the Q2 2013 License Agreement please refer to j2’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 25, 2013. For Q2 2013, approximately $0.3 million of non-patent, licensing revenues have been reclassified to Cloud Services revenue.
 
(3) For Q2 2014, Adjusted Non-GAAP revenues adds back to Cloud Services revenues the approximate $1.5 million fair value adjustment to deferred revenues purchased in the Livedrive acquisition. For Q2 2013, Adjusted Non-GAAP revenues excludes $12.6 million of Business Cloud Services segment revenues from the Q2 2013 License Agreement (see Note 2), and $1.3 million of Digital Media revenues from certain acquisition and related exit costs.
 
(4) The estimated GAAP effective tax rates were approximately 10.9% for Q2 2014 and 24.7% for Q2 2013. The estimated Adjusted Non-GAAP effective tax rates were approximately 27.1% for Q2 2014 and 24.2% for Q2 2013.
 
(5) For Q2 2014, Adjusted Non-GAAP earnings per diluted share excludes share-based compensation, certain acquisition-related integration costs, amortization of acquired intangibles and additional tax expense (benefit) from prior years, and adds back the impact of the fair value adjustment to deferred revenues purchased in the Livedrive acquisition, in each case net of tax, totaling $0.12. For Q2 2013, Adjusted Non-GAAP earnings per diluted share excludes share-based compensation, certain acquisition-related integration costs, amortization of acquired intangibles and earnings attributable to the Q2 2013 License Agreement, in each case net of tax, totaling $(0.01). Adjusted Non-GAAP earnings per diluted share amounts are not meant as a substitute for GAAP, but are solely for informational purposes.
 
(6) EBITDA is defined as earnings before interest and other expense, net; income tax expense; depreciation and amortization; and the items used to reconcile EPS to Adjusted Non-GAAP EPS referred to in Note (5) above. EBITDA amounts are not meant as a substitute for GAAP, but are solely for informational purposes.
 
(7) Free cash flow is defined as net cash provided by operating activities, less purchases of property, plant and equipment, plus excess tax benefit from share-based compensation. Free cash flow for Q2 2013 excludes $27 million received under the Q2 2013 License Agreement. Free cash flow amounts are not meant as a substitute for GAAP, but are solely for informational purposes.

About j2 Global

j2 Global, Inc. (NASDAQ:JCOM) provides Internet services through two divisions: Business Cloud Services and Digital Media. The Business Cloud Services Division offers Internet fax, virtual phone, hosted email, email marketing, online backup, unified communications and CRM solutions. It markets its services principally under the brand names eFax®, eVoice®, FuseMail®, Campaigner®, KeepItSafe®, Livedrive® and Onebox®, and operates a messaging network spanning 50 countries on six continents. The Digital Media Division offers technology, gaming and lifestyle content through its digital properties, which include PCMag.comIGN.com, AskMen.com, Toolbox.com and others. The Digital Media Division also operates NetShelter® Powered by BuyerBase®, an advanced digital ad targeting platform, and Ziff Davis B2B, a leading provider of research to enterprise buyers and leads to IT vendors. As of December 31, 2013, j2 had achieved 18 consecutive fiscal years of revenue growth. For more information about j2, please visit www.j2global.com.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this Press Release are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995, particularly those contained in the “Business Outlook” portion regarding the Company’s expected fiscal 2014 financial performance. These forward-looking statements are based on management’s current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors and uncertainties include, among other items: ability to successfully diversify and grow our business, including both the Business Cloud Services and Digital Media Divisions; ability to identify, close and successfully integrate acquisitions; risks of geographic expansion; risks that markets we choose to enter fail to achieve desired levels of growth and profitability prospects; subscriber growth and retention; variability of revenue based on changing conditions in particular industries and the economy generally; protection of the Company’s proprietary technology or infringement by the Company of intellectual property of others; the risk of adverse changes in the U.S. or international regulatory environments surrounding messaging and communications, including but not limited to the imposition or increase of taxes or regulatory-related fees; and the numerous other factors set forth in j2’s filings with the Securities and Exchange Commission (“SEC”). For a more detailed description of the risk factors and uncertainties affecting j2, refer to the 2013 Annual Report on Form 10-K filed by j2 on March 3, 2014, and the other reports filed by j2 from time-to-time with the SEC, each of which is available at www.sec.gov. The forward-looking statements provided in this press release and particularly those contained in the “Business Outlook” portion regarding the Company’s expected fiscal 2014 financial performance are based on limited information available to the Company at this time, which is subject to change. Although management’s expectations may change after the date of this press release, the Company undertakes no obligation to revise or update these statements.

 
 
j2 GLOBAL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED, IN THOUSANDS)
       
 
SIX MONTHS ENDED JUNE 30,
  2014     2013  
 
Cash flows from operating activities:
Net income $ 63,814 $ 58,738

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

Depreciation and amortization 28,455 18,241
Accretion and amortization of discount and premium on investments 654 820
Amortization of financing costs and discounts 641 300
Share-based compensation 4,347 4,683
Excess tax benefit from share-based compensation (4,803 ) (1,581 )
Provision for doubtful accounts 1,810 1,279
Deferred income taxes (780 ) (542 )
Decrease (increase) in:
Accounts receivable 5,691 2,886
Prepaid expenses and other current assets (3,151 ) 929
Other assets (3 ) 487
(Decrease) increase in:
Accounts payable and accrued expenses (3,616 ) 4,998
Income taxes payable (320 ) 212
Deferred revenue 364 14,049
Liability for uncertain tax positions (1,213 ) 3,512
Other liabilities   (84 )   10  
Net cash provided by operating activities   91,806     109,021  
 
Cash flows from investing activities:
Maturity of certificate of deposit 14,520 31,120
Purchase of certificates of deposit (13,861 )
Sales of available-for-sale investments 51,929 67,261
Purchases of available-for-sale investments (45,043 ) (91,729 )
Purchases of property and equipment (4,023 ) (5,989 )
Purchases of intangible assets (3,899 ) (1,261 )
Acquisition of business   (79,546 )   (81,150 )
Net cash used in investing activities   (66,062 )   (95,609 )
 
Cash flows from financing activities:
Issuance of long term debt 402,500
Debt issuance costs (11,069 ) (47 )
Repurchases of stock (4,733 ) (2,266 )
Issuance of stock, net of costs 5,316 6,630
Excess tax benefit from share-based compensation 4,803 1,581
Dividends paid (25,302 ) (21,762 )
Acquisition of business (13,473 )
Other   (163 )    
Net cash provided by (used in) financing activities   357,879     (15,864 )
 
Effect of exchange rate changes on cash and cash equivalents   457     (1,302 )
 
Net increase (decrease) in cash and cash equivalents 384,080 (3,754 )
Cash and cash equivalents at beginning of period   207,801     218,680  
Cash and cash equivalents at end of period $ 591,881   $ 214,926  
 
 
j2 GLOBAL, INC.
RECONCILIATION OF GAAP TO ADJUSTED NON-GAAP FINANCIAL MEASURES
THREE MONTHS ENDED JUNE 30, 2014 AND 2013
(UNAUDITED, IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
                         
 
Adjusted non-GAAP net income is GAAP net income with the following modifications: (1) elimination of share-based compensation and the associated payroll tax expense; (2) elimination of certain acquisition-related integration costs and the impact of fair value adjustments to deferred revenue purchased in the Livedrive acquisition; (3) elimination of amortization of patents and intangible assets that we acquired; (4) elimination of additional income tax benefit from prior years; (5) elimination of revenue associated with past damages under a single $27 million license agreement; and (6) elimination of income tax provision associated with share-based compensation and the associated payroll tax expense, certain acquisition-related integration costs and fair value adjustments to deferred revenue, amortization of patents and intangible assets that we acquired, additional income tax benefit from prior years and revenue associated with past damages under a single $27 million

 

 
THREE MONTHS ENDED JUNE 30, 2014 THREE MONTHS ENDED JUNE 30, 2013
 
 
 

(2)

(4)

(2)

Acquisition- Additional Acquisition-

(1)

related Tax Expense

(1)

related

(5)

Share-based Integration

(3)

(Benefit) from Adjusted Share-based Integration

(3)

Patent Adjusted

GAAP

Compensation

Costs

Amortization

Prior Years

Non-GAAP

GAAP

Compensation

Costs

Amortization

Settlement

Non-GAAP

 
Revenues $ 144,744 985 $ 145,729 $ 141,361 (1,348 ) (12,572 ) $ 127,441
 
Cost of revenues 25,559 (27 ) (855 ) 24,677 22,679 (205 ) 22,474
 
Operating expenses:
Sales and marketing 35,329 (426 ) (41 ) 34,862 35,213 (432 ) (2,061 ) 32,720
Research, development and engineering 7,601 (222 ) 7,379 6,388 (102 ) - 6,286
General and administrative 31,418 (1,288 ) (589 ) (11,435 ) 18,106 24,474 (1,596 ) (1,270 ) (7,223 ) 14,385
 
Interest expense (income), net 5,682 (439 ) 5,243 4,859 4,859
Other expense (income), net (186 ) (186 ) (42 ) (42 )
 
Income tax provision (6) 4,292 696 649 3,982 5,487 15,106 11,823 779 843 2,470 (4,614 ) 11,301
 

Net income attributable to j2 Global, Inc. common stockholders

$ 35,049 1,267 1,405 8,308 (5,487 ) $ 40,542 $ 36,040 1,556 1,140 4,753 (7,958 ) $ 35,531
 

Net income per share attributable to j2 Global, Inc. common stockholders*:

Basic $ 0.73 0.03 0.03 0.18 (0.12 ) $ 0.85 $ 0.78 0.03 0.03 0.10 (0.18 ) $ 0.77
Diluted $ 0.73 0.03 0.03 0.18 (0.12 ) $ 0.84 $ 0.77 0.03 0.02 0.10 (0.17 ) $ 0.76
 
 
 
* The reconciliation of net income per share from GAAP to adjusted non-GAAP may not foot since each is calculated independently.
 

The Company discloses adjusted non-GAAP Earnings Per Share ("EPS") as supplemental non-GAAP financial performance measure, as it believes it is a useful metric by which to compare the performance of its business from period to period. The Company also understands that this adjusted non-GAAP measure is broadly used by analysts, rating agencies and investors in assessing the Company's performance. Accordingly, the Company believes that the presentation of this adjusted non-GAAP financial measure provides useful information to investors.

 
Adjusted non-GAAP EPS is not in accordance with, or an alternative to, net income per share and may be different from non-GAAP measures with similar or even identical names used by other companies. In addition, this adjusted non-GAAP measure is not based on any comprehensive set of accounting rules or principles. This adjusted non-GAAP measure has limitations in that it does not reflect all of the amounts associated with the Company's results of operations determined in accordance with GAAP.
 
 
j2 GLOBAL, INC.
RECONCILIATION OF GAAP TO ADJUSTED NON-GAAP FINANCIAL MEASURES
SIX MONTHS ENDED JUNE 30, 2014 AND 2013
(UNAUDITED, IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
                           
 
Adjusted non-GAAP net income is GAAP net income with the following modifications: (1) elimination of share-based compensation and the associated payroll tax expense; (2) elimination of certain acquisition-related integration costs and the impact of fair value adjustments to deferred revenue purchased in the Livedrive acquisition; (3) elimination of amortization of patents and intangible assets that we acquired; (4) elimination of additional income tax and indirect tax expense and benefit from prior years; (5) elimination of revenue associated with past damages under a single $27 million license agreement; and (6) elimination of income tax provision associated with share-based compensation and the associated payroll tax expense, certain acquisition-related integration costs and fair value adjustments to deferred revenue, amortization of patents and intangible assets that we acquired, additional indirect tax expense and benefit from prior years and elimination of revenue associated with past damages under a single $27 million license agreement.
 
 
SIX MONTHS ENDED JUNE 30, 2014 SIX MONTHS ENDED JUNE 30, 2013
 
 
 
(2) (4) (2)
Acquisition- Additional Acquisition-
(1) related Income Tax (1) related (5)
Share-based Integration (3) Benefit from Adjusted Share-based Integration (3) Patent Adjusted

GAAP

Compensation

Costs

Amortization

Prior Years

Non-GAAP

GAAP

Compensation

Costs

Amortization

Settlement

Non-GAAP

 
Revenues $ 278,868 1,526 $ 280,394 $ 254,978 (1,392 ) (12,572 ) $ 241,014
 
Cost of revenues 48,947 (181 ) (1,279 ) 47,487 42,914 (419 ) (88 ) 42,407
 
Operating expenses:
Sales and marketing 68,288 (917 ) (60 ) 67,311 64,851 (850 ) (3,053 ) 60,948
Research, development and engineering 14,814 (362 ) 14,452 13,134 (208 ) (579 ) 12,347
General and administrative 60,397 (2,887 ) 472 (21,395 ) (713 ) 35,874 48,485 (3,206 ) (3,749 ) (13,945 ) 27,585
 
Interest expense (income), net 10,630 (439 ) 10,191 9,736 9,736
Other expense (income), net (505 ) (505 ) (203 ) (203 )
 
Income tax provision (6) 12,483 1,520 365 7,413 6,849 28,630 17,323 1,553 2,606 4,781 (4,614 ) 21,649
 

Net income attributable to j2 Global, Inc. common stockholders

$ 63,814 2,827 1,188 15,261 (6,136 ) $ 76,954 $ 58,962 3,130 3,471 9,164 (7,958 ) $ 66,769
 

Net income per share attributable to j2 Global, Inc. common stockholders*:

Basic $ 1.34 0.06 0.03 0.33 (0.12 ) $ 1.62 $ 1.28 0.07 0.08 0.20 (0.18 ) $ 1.45
Diluted $ 1.33 0.06 0.03 0.33 (0.12 ) $ 1.60 $ 1.26 0.07 0.08 0.20 (0.17 ) $ 1.43
 
 
 
* The reconciliation of net income per share from GAAP to adjusted non-GAAP may not foot since each is calculated independently.
 
The Company discloses adjusted non-GAAP Earnings Per Share ("EPS") as supplemental non-GAAP financial performance measure, as it believes it is a useful metric by which to compare the performance of its business from period to period. The Company also understands that this adjusted non-GAAP measure is broadly used by analysts, rating agencies and investors in assessing the Company's performance. Accordingly, the Company believes that the presentation of this adjusted non-GAAP financial measure provides useful information to investors.
 
Adjusted non-GAAP EPS is not in accordance with, or an alternative to, net income per share and may be different from non-GAAP measures with similar or even identical names used by other companies. In addition, this adjusted non-GAAP measure is not based on any comprehensive set of accounting rules or principles. This adjusted non-GAAP measure has limitations in that it does not reflect all of the amounts associated with the Company's results of operations determined in accordance with GAAP.
 
 
j2 GLOBAL, INC.
NET INCOME TO EBITDA RECONCILIATION
THREE MONTHS ENDED JUNE 30, 2014 AND 2013
(UNAUDITED, IN THOUSANDS)
       
 
The following table sets forth a reconciliation of EBITDA to net income, the most directly comparable GAAP financial measure.
 
THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30,
  2014     2013     2014     2013  
 
Net income $ 35,049 $ 35,967 $ 63,814 $ 58,738
Plus:
Other expense (income), net (186 ) (42 ) (505 ) (203 )
Interest expense (income), net 5,682 4,859 10,630 9,736
Income tax expense 4,292 11,823 12,483 17,323
Depreciation and amortization 15,317 9,454 28,455 18,248
Reconciliation of GAAP to adjusted non-GAAP financial measures:
Patent Settlement (12,572 ) (12,572 )
Share-based compensation and the associated payroll tax expense 1,963 2,335 4,347 4,683
Acquisition-related integration costs 1,615 1,983 1,114 6,077
Additional indirect tax expense from prior years           713      
EBITDA $ 63,732   $ 53,807   $ 121,051   $ 102,030  
 
 
EBITDA as calculated above represents earnings before interest and other expense, net, income tax expense, depreciation and amortization and the items used to reconcile GAAP to adjusted non-GAAP financial measures, including (1) share-based compensation, (2) certain acquisition-related integration costs and (3) additional indirect tax expense from prior years. We disclose EBITDA as a supplemental non-GAAP financial performance measure as we believe it is a useful metric by which to compare the performance of our business from period to period. We understand that measures similar to EBITDA are broadly used by analysts, rating agencies and investors in assessing our performance. Accordingly, we believe that the presentation of EBITDA provides useful information to investors.
 
EBITDA is not in accordance with, or an alternative to, net income, and may be different from non-GAAP measures used by other companies. In addition, EBITDA is not based on any comprehensive set of accounting rules or principles. This adjusted non-GAAP measure has limitations in that it does not reflect all of the amounts associated with the Company’s results of operations determined in accordance with GAAP.
 
 
j2 GLOBAL, INC.
NON-GAAP FINANCIAL MEASURES
(UNAUDITED, IN THOUSANDS)
         
 

Q1

Q2

Q3

Q4

YTD

2014

Net cash provided by operating activities $ 37,294 $ 54,512 $ 91,806
Less: Purchases of property and equipment (2,936 ) (1,087 ) (4,023 )
Add: Excess tax benefit from share-based compensation   4,082       721               4,803  
Free cash flows $ 38,440     $ 54,146     $ -     $ -     $ 92,586  
 
 

2013

Net cash provided by operating activities $ 40,048 $ 68,973 $ 25,859 $ 58,444 $ 193,324
Less: Purchases of property and equipment (1,933 ) (4,056 ) (5,126 ) (7,511 ) (18,626 )
Add: Excess tax benefit (deficit) from share-based compensation 280 1,301 1,590 (476 ) 2,695
Less: Patent Settlement   -       (27,000 )     -       -       (27,000 )
Free cash flows $ 38,395     $ 39,218     $ 22,323     $ 50,457     $ 150,393  
 
 
The Company discloses Free Cash Flows as supplemental non-GAAP financial performance measure, as it believes it is a useful metrics by which to compare the performance of its business from period to period. The Company also understands that this non-GAAP measure is broadly used by analysts, rating agencies and investors in assessing the Company's performance.

Accordingly, the Company believes that the presentation of this non-GAAP financial measure provides useful information to investors.

 
Free Cash Flows is not in accordance with, or an alternative to, Cash Flows from Operating Activities, and may be different from non-GAAP measures with similar or even identical names used by other companies. In addition, the non-GAAP measure is not based on any comprehensive set of accounting rules or principles. This non-GAAP measure has limitations in that it does not reflect all of the amounts associated with the Company's results of operations determined in accordance with GAAP.

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.

Latest Stories
Containers Expo Blog covers the world of containers, as this lightweight alternative to virtual machines enables developers to work with identical dev environments and stacks. Containers Expo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Bookmark Containers Expo Blog ▸ Here Follow new article posts on Twitter at @ContainersExpo
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Malcolm Rieke, the Director of Product Management at Catbird, discussed the impact of this new paradigm and what organizations can do today to safely move to software-defined network and compute architectures, including: ...
The cloud is everywhere and growing, and with it SaaS has become an accepted means for software delivery. SaaS is more than just a technology, it is a thriving business model estimated to be worth around $53 billion dollars by 2015, according to IDC. The question is - how do you build and scale a profitable SaaS business model? In his session at 15th Cloud Expo, Jason Cumberland, Vice President, SaaS Solutions at Dimension Data, discussed the common mistakes businesses make when transitioning t...
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial C...
Cloud and Big Data present unique dilemmas: embracing the benefits of these new technologies while maintaining the security of your organization's assets. When an outside party owns, controls and manages your infrastructure and computational resources, how can you be assured that sensitive data remains private and secure? How do you best protect data in mixed use cloud and big data infrastructure sets? Can you still satisfy the full range of reporting, compliance and regulatory requirements? In...
There has been a lot of discussion recently in the DevOps space over whether there is a unique form of DevOps for large enterprises or is it just vendors looking to sell services and tools. In his session at DevOps Summit, Chris Riley, a technologist, discussed whether Enterprise DevOps is a unique species or not. What makes DevOps adoption in the enterprise unique or what doesn’t? Unique or not, what does this mean for adopting DevOps in enterprise size organizations? He also explored differe...
Storage administrators find themselves walking a line between meeting employees’ demands to use public cloud storage services, and their organizations’ need to store information on-premises for security, performance, cost and compliance reasons. However, as file sharing protocols like CIFS and NFS continue to lose their relevance, simply relying only on a NAS-based environment creates inefficiencies that hurt productivity and the bottom line. IT wants to implement cloud storage it can purchase a...
The move to the cloud brings a number of new security challenges, but the application remains your last line of defense. In his session at 15th Cloud Expo, Arthur Hicken, Evangelist at Parasoft, discussed how developers are extremely well-poised to perform tasks critical for securing the application – provided that certain key obstacles are overcome. Arthur Hicken has been involved in automating various practices at Parasoft for almost 20 years. He has worked on projects including database dev...
In this scenarios approach Joe Thykattil, Technology Architect & Sales at TimeWarner / Navisite, presented examples that will allow business-savvy professionals to make informed decisions based on a sound business model. This model covered the technology options in detail as well as a financial analysis. The TCO (Total Cost of Ownership) and ROI (Return on Investment) demonstrated how to start, develop and formulate a business case that will allow both small and large scale projects to achieve...
Cloud Foundry open Platform as a Service makes it easy to operate, scale and deploy application for your dedicated cloud environments. It enables developers and operators to be significantly more agile, writing great applications and deliver them in days instead of months. Cloud Foundry takes care of all the infrastructure and network plumbing that you need to build, run and operate your applications and can do this while patching and updating systems and services without any downtime.
Are your Big Data initiatives resulting in Big Impact or Big Mess? In her session at Big Data Expo, Penelope Everall Gordon, Emerging Technology Strategist at 1Plug Corporation, shared her successes in improving Big Decision outcomes by building stories compelling to the target audience – and her failures when she lost sight of the plotline, distracted by the glitter of technology and the lure of buried insights. The cast of characters includes the agency head [city official? elected official?...
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at ...
After a couple of false starts, cloud-based desktop solutions are picking up steam, driven by trends such as BYOD and pervasive high-speed connectivity. In his session at 15th Cloud Expo, Seth Bostock, CEO of IndependenceIT, cut through the hype and the acronyms, and discussed the emergence of full-featured cloud workspaces that do for the desktop what cloud infrastructure did for the server. He also discussed VDI vs DaaS, implementation strategies and evaluation criteria.
The emergence of cloud computing and Big Data warrants a greater role for the PMO to successfully manage enterprise transformation driven by these powerful trends. As the adoption of cloud-based services continues to grow, a governance model is needed to orchestrate enterprise cloud implementations and harness the power of Big Data analytics. In his session at Cloud Expo, Mahesh Singh, President of BigData, Inc., discussed how the Enterprise PMO takes center stage not only in developing the app...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...