SYS-CON MEDIA Authors: Adrian Bridgwater, Yeshim Deniz, Elizabeth White, Sean Houghton, Glenn Rossman

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Entravision Communications Corporation Reports Second Quarter 2014 Results

- Second Quarter 2014 Net Revenue and Consolidated Adjusted EBITDA Increase 9% and 11% Respectively -

SANTA MONICA, Calif., Aug. 6, 2014 /PRNewswire/ -- Entravision Communications Corporation (NYSE: EVC) today reported financial results for the three- and six-month periods ended June 30, 2014.

Historical results, which are attached, are in thousands of U.S. dollars (except share and per share data). This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. The GAAP financial measure most directly comparable to each of these non-GAAP financial measures, and a table reconciling each of these non-GAAP financial measures to its most directly comparable GAAP financial measure, is included beginning on page 9. Unaudited financial highlights are as follows:

 


Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



% Change



2014



2013



% Change


Net revenue

$

61,846



$

56,950




9%



$

114,502



$

106,037




8%


Operating expenses (1)


35,001




33,412




5%




68,508




65,320




5%


Corporate expenses (2)


5,261




4,736




11%




10,097




9,233




9%


























Consolidated adjusted EBITDA (3)


22,147




19,996




11%




37,132




33,376




11%


























Free cash flow (4)

$

16,667



$

10,194




63%



$

26,020



$

13,632




91%


Free cash flow per share, basic (4)

$

0.19



$

0.12




58%



$

0.29



$

0.16




81%


Free cash flow per share, diluted (4)

$

0.18



$

0.11




64%



$

0.29



$

0.15




93%


























Net income (loss)

$

8,735



$

5,073




72%



$

13,123



$

4,116




219%


























Net income (loss) per share, basic

$

0.10



$

0.06




67%



$

0.15



$

0.05




200%


Net income (loss) per share, diluted

$

0.10



$

0.06




67%



$

0.14



$

0.05




180%


























Weighted average common shares outstanding,
   basic


89,276,794




87,074,952








88,982,009




86,768,686






Weighted average common shares outstanding,
   diluted


91,202,732




89,228,790








91,074,937




88,147,914








(1)

Operating expenses include direct operating, selling, general and administrative expenses. Included in operating expenses are $0.1 million and $0.3 million of non-cash stock-based compensation for the three-month periods ended June 30, 2014 and 2013, respectively, and $0.2 million and $0.5 million of non-cash stock-based compensation for the six-month periods ended June 30, 2014 and 2013, respectively. Operating expenses do not include corporate expenses, depreciation and amortization, impairment charge, gain (loss) on sale of assets, gain (loss) on debt extinguishment and other income (loss).

(2)

Corporate expenses include $0.5 million and $1.1 million of non-cash stock-based compensation for the three-month periods ended June 30, 2014 and 2013, respectively, and $1.1 million and $1.8 million of non-cash stock-based compensation for the six-month periods ended June 30, 2014 and 2013, respectively.

(3)

Consolidated adjusted EBITDA means net income (loss) plus gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation included in operating and corporate expenses, net interest expense, other income (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses and syndication programming amortization less syndication programming payments. We use the term consolidated adjusted EBITDA because that measure is defined in our credit facility and does not include gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation, net interest expense, other income (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses and syndication programming amortization and does include syndication programming payments. While many in the financial community and we consider consolidated adjusted EBITDA to be important, it should be considered in addition to, but not as a substitute for or superior to, other measures of liquidity and financial performance prepared in accordance with accounting principles generally accepted in the United States of America, such as cash flows from operating activities, operating income and net income. As consolidated adjusted EBITDA excludes non-cash gain (loss) on sale of assets, non-cash depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation expense, net interest expense, other income (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses and syndication programming amortization and includes syndication programming payments, consolidated adjusted EBITDA has certain limitations because it excludes and includes several important non-cash financial line items. Therefore, we consider both non-GAAP and GAAP measures when evaluating our business. Consolidated adjusted EBITDA is also used to make executive compensation decisions.

(4)

Free cash flow is defined as consolidated adjusted EBITDA less cash paid for income taxes, net interest expense, and capital expenditures. Net interest expense is defined as interest expense, less non-cash interest expense relating to amortization of debt finance costs, less non-cash interest expense relating to discount amortization on our $324 million aggregate principal amount of 8.750% senior secured first lien notes (the "Notes"), which were fully redeemed on August 2, 2013, and less interest income. Free cash flow per share is defined as free cash flow divided by the basic or diluted weighted average common shares outstanding.

 

Commenting on the Company's earnings results, Walter F. Ulloa, Chairman and Chief Executive Officer, said, "During the second quarter, we achieved continued growth in core advertising revenue (excluding retransmission consent revenue and political advertising revenue) as our television segment again outperformed the television broadcast industry, reflecting the contributions from our broadcast of the World Cup. Our radio operations also produced revenue growth that we believe will be among the best in the industry. Continuing the trend of the last several years, we also experienced an increase in retransmission consent revenue. We also improved our free cash flow and net income over the second quarter of 2013 as we benefited from the successful refinancing of our debt last August. We have continued to build our digital footprint and marketing solutions capabilities, which provide us with an integrated platform to allow advertisers and marketers to connect with Latino audiences. Looking ahead, we remain well positioned to build on our success in attracting Latino audiences, expanding our advertiser base and monetizing our reach to the benefit of our shareholders."

Announces Quarterly Cash Dividend

The Company announced today that its Board of Directors has approved a quarterly cash dividend to shareholders of $0.025 per share of the Company's Class A, Class B and Class U common stock, in an aggregate amount of approximately $2.2 million. The quarterly dividend will be payable on September 30, 2014 to shareholders of record as of the close of business on September 15, 2014, and the common stock will trade ex-dividend on September 11, 2014. As previously announced, the Company currently anticipates that future cash dividends will be paid on a quarterly basis. Any decision to pay future cash dividends will be subject to further approval by the Board.

Acquisition of Pulpo Media, Inc.

On June 18, 2014, we completed the acquisition of 100% of the common shares of Pulpo Media, Inc., a leading provider of digital advertising services and solutions focused on Hispanics in the U.S. and Latin America. The transaction was funded from our cash on hand, for an aggregate cash consideration of $15.0 million, net of cash acquired of $0.7 million, and contingent consideration with a fair value of $1.4 million as of the acquisition date. 

 

Financial Results

 

Three-Month Period Ended June 30, 2014 Compared to Three-Month Period Ended

June 30, 2013

(Unaudited)





Three-Month Period



Ended June 30,



2014



2013



% Change


Net revenue

$

61,846



$

56,950




9%


Operating expenses (1)


35,001




33,412




5%


Corporate expenses (1)


5,261




4,736




11%


Depreciation and amortization


3,503




3,820




(8)%














Operating income (loss)


18,081




14,982




21%


Interest expense, net


(3,456)




(7,872)




(56)%


Gain (loss) on debt extinguishment





(130)




(100)%














Income (loss) before income taxes


14,625




6,980




110%














Income tax (expense) benefit


(5,890)




(1,907)




209%


Net income (loss)

$

8,735



$

5,073




72%














(1)   Operating expenses and corporate expenses are defined on page 1.

 

Net revenue increased to $61.8 million for the three-month period ended June 30, 2014 from $57.0 million for the three-month period ended June 30, 2013, an increase of $4.8 million. Of the overall increase, approximately $3.5 million was generated by our television segment and was primarily attributable to advertising revenue from the World Cup, and an increase in retransmission consent revenue. Additionally, $1.3 million of the overall increase was generated by our radio segment and was primarily attributable to advertising revenue from the World Cup.

Operating expenses increased to $35.0 million for the three-month period ended June 30, 2014 from $33.4 million for the three-month period ended June 30, 2013, an increase of $1.6 million. The increase was primarily attributable to an increase in salary expense and an increase in employee benefits costs and payroll taxes associated with the increase in salary expense.

Corporate expenses increased to $5.3 million for the three-month period ended June 30, 2014 from $4.7 million for the three-month period ended June 30, 2013, an increase of $0.6 million. The increase was primarily attributable to fees associated with the acquisition of Pulpo Media, an increase in salary expense and digital media-related expenses, partially offset by a decrease in non-cash stock-based compensation.

 

Six-Month Period Ended June 30, 2014 Compared to Six-Month Period Ended

June 30, 2013

(Unaudited)





Six-Month Period



Ended June 30,



2014



2013



% Change


Net revenue

$

114,502



$

106,037




8%


Operating expenses (1)


68,508




65,320




5%


Corporate expenses (1)


10,097




9,233




9%


Depreciation and amortization


7,018




7,775




(10)%














Operating income (loss)


28,879




23,709




22%


Interest expense, net


(6,882)




(15,649)




(56)%


Gain (loss) on debt extinguishment





(130)




(100)%














Income (loss) before income taxes


21,997




7,930




177%














Income tax (expense) benefit


(8,874)




(3,814)




133%


Net income (loss)

$

13,123



$

4,116




219%














(1)   Operating expenses and corporate expenses are defined on page 1.

 

Net revenue increased to $114.5 million for the six-month period ended June 30, 2014 from $106.0 million for the six-month period ended June 30, 2013, an increase of $8.5 million. Of the overall increase, approximately $6.4 million was generated by our television segment and was primarily attributable to advertising revenue from the World Cup, and an increase in retransmission consent revenue. Additionally, $2.1 million of the overall increase was generated by our radio segment and was primarily attributable to advertising revenue from the World Cup and an increase in national advertising revenue.

Operating expenses increased to $68.5 million for the six-month period ended June 30, 2014 from $65.3 million for the six-month period ended June 30, 2013, an increase of $3.2 million. The increase was primarily attributable to an increase in salary expense and an increase in employee benefits costs and payroll taxes associated with the increase in salary expense.

Corporate expenses increased to $10.1 million for the six-month period ended June 30, 2014 from $9.2 million for the six-month period ended June 30, 2013, an increase of $0.9 million. The increase was primarily attributable to fees associated with the acquisition of Pulpo Media, an increase in salary expense and digital media-related expenses, partially offset by a decrease in non-cash stock-based compensation.

Segment Results

The following represents selected unaudited segment information:

 


Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



% Change



2014



2013



% Change


Net Revenue
























Television

$

43,151



$

39,590




9%



$

80,892



$

74,542




9%


Radio


18,695




17,360




8%




33,610




31,495




7%


Total

$

61,846



$

56,950




9%



$

114,502



$

106,037




8%


























Operating Expenses (1)
























Television

$

20,186



$

19,573




3%



$

39,637



$

38,487




3%


Radio


14,815




13,839




7%




28,871




26,833




8%


Total

$

35,001



$

33,412




5%



$

68,508



$

65,320




5%


























Corporate Expenses (1)

$

5,261



$

4,736




11%



$

10,097



$

9,233




9%


























Consolidated adjusted EBITDA (1)

$

22,147



$

19,996




11%



$

37,132



$

33,376




11%


























(1)   Operating expenses, corporate expenses, and consolidated adjusted EBITDA are defined on page 1.

 

Entravision Communications Corporation will hold a conference call to discuss its 2014 second quarter results on August 6, 2014 at 5 p.m. Eastern Time. To access the conference call, please dial 412-858-4600 ten minutes prior to the start time. The call will be webcast live and archived for replay on the investor relations portion of the Company's Web site located at www.entravision.com.  

Entravision Communications Corporation is a diversified Spanish-language media company with an integrated platform of solutions and services that includes television, radio, digital media and data analytics to reach Latino audiences across the United States and Latin America. Entravision has 58 primary television stations, including in 20 of the nation's top 50 Latino markets, and is the largest affiliate group of both the top-ranked Univision television network and Univision's UniMas network. Entravision also operates one of the nation's largest groups of primarily Spanish-language radio stations, consisting of 49 owned and operated radio stations, and Entravision Solutions, a national sales representation and marketing organization specializing in Spanish-language media platforms and radio networks. Entravision also offers a variety of digital media platforms and services, including digital content, digital advertising platforms, including the #1-ranked online advertising platform in Hispanic reach, and data analytics solutions designed to maximize the opportunity for advertisers and marketers to connect with the growing Latino consumer market. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.

This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company's filings with the Securities and Exchange Commission.

(Financial Table Follows)

 

 


Entravision Communications Corporation

Consolidated Balance Sheets

(In thousands; unaudited)








June 30,



December 31,



2014



2013










ASSETS








Current assets








Cash and cash equivalents

$

39,817



$

43,822


Trade receivables, net of allowance for doubtful accounts


62,581




57,043


Deferred income taxes


6,100




6,100


Prepaid expenses and other current assets


5,079




4,087


Total current assets


113,577




111,052


Property and equipment, net


57,877




58,765


Intangible assets subject to amortization, net


22,161




19,812


Intangible assets not subject to amortization


220,701




220,701


Goodwill


50,631




36,647


Deferred income taxes


75,472




83,856


Other assets


6,533




7,404


Total assets

$

546,952



$

538,237










LIABILITIES AND STOCKHOLDERS' EQUITY








Current liabilities








Current maturities of long-term debt

$

3,750



$

3,750


Advances payable, related parties


118




118


Accounts payable and accrued expenses


28,950




31,246


Total current liabilities


32,818




35,114


Long-term debt, less current maturities


358,438




360,313


Other long-term liabilities


9,741




6,786


Total liabilities


400,997




402,213










Stockholders' equity (deficit)








Class A common stock


6




6


Class B common stock


2




2


Class U common stock


1




1


Additional paid-in capital


925,955




927,377


Accumulated deficit


(778,473)




(791,596)


Accumulated other comprehensive income (loss)


(1,536)




234


Total stockholders' equity (deficit)


145,955




136,024


Total liabilities and stockholders' equity (deficit)

$

546,952



$

538,237


 

 

Entravision Communications Corporation

Consolidated Statements of Operations

(In thousands, except share and per share data)

(Unaudited)








Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



2014



2013


Net revenue

$

61,846



$

56,950



$

114,502



$

106,037


















Expenses:
















Direct operating expenses


26,753




25,988




51,629




50,213


Selling, general and administrative expenses


8,248




7,424




16,879




15,107


Corporate expenses


5,261




4,736




10,097




9,233


Depreciation and amortization


3,503




3,820




7,018




7,775




43,765




41,968




85,623




82,328


Operating income (loss)


18,081




14,982




28,879




23,709


Interest expense


(3,469)




(7,881)




(6,907)




(15,665)


Interest income


13




9




25




16


Gain (loss) on debt extinguishment





(130)







(130)


Income (loss) before income taxes


14,625




6,980




21,997




7,930


Income tax (expense) benefit


(5,890)




(1,907)




(8,874)




(3,814)


Net income (loss)

$

8,735



$

5,073



$

13,123



$

4,116


















Basic and diluted earnings per share:
















Net income (loss) per share, basic

$

0.10



$

0.06



$

0.15



$

0.05


Net income (loss) per share, diluted

$

0.10



$

0.06



$

0.14



$

0.05


















Cash dividends declared per common share

$

0.03






$

0.05





















Weighted average common shares outstanding, basic


89,276,794




87,074,952




88,982,009




86,768,686


Weighted average common shares outstanding, diluted


91,202,732




89,228,790




91,074,937




88,147,914


 

 

Entravision Communications Corporation

Consolidated Statements of Cash Flows

(In thousands; unaudited)








Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



2014



2013


















Cash flows from operating activities:
















Net income (loss)

$

8,735



$

5,073



$

13,123



$

4,116


Adjustments to reconcile net income (loss) to net cash provided by
   (used in) operating activities:
















Depreciation and amortization


3,503




3,820




7,018




7,775


Deferred income taxes


5,796




1,452




8,291




3,294


Amortization of debt issue costs


203




575




404




1,030


Amortization of syndication contracts


122




151




244




302


Payments on syndication contracts


(154)




(326)




(312)




(651)


Non-cash stock-based compensation


595




1,369




1,303




2,241


(Gain) loss on debt extinguishment





130







130


Changes in assets and liabilities:
















(Increase) decrease in accounts receivable


(7,142)




(6,243)




(3,632)




(4,327)


(Increase) decrease in prepaid expenses and other assets


(268)




374




(1,261)




(454)


Increase (decrease) in accounts payable, accrued expenses 
   and other liabilities


1,557




8,055




(5,484)




(637)


Net cash provided by (used in) operating 
   activities


12,947




14,430




19,694




12,819


Cash flows from investing activities:
















Purchases of property and equipment and intangibles


(2,133)




(2,050)




(4,051)




(4,605)


Purchase of a business, net of cash acquired


(15,048)







(15,048)





Net cash provided by (used in) investing 
   activities


(17,181)




(2,050)




(19,099)




(4,605)


Cash flows from financing activities:
















Proceeds from stock option exercises


103




2,041




1,739




2,392


Payments on long-term debt


(937)




(50)




(1,875)




(50)


Dividends paid


(2,240)







(4,464)





Payments of capitalized debt offering and issuance costs





(5,620)







(5,620)


Net cash provided by (used in) financing 
   activities


(3,074)




(3,629)




(4,600)




(3,278)


Net increase (decrease) in cash and cash 
   equivalents


(7,308)




8,751




(4,005)




4,936


Cash and cash equivalents:
















Beginning


47,125




32,315




43,822




36,130


Ending

$

39,817



$

41,066



$

39,817



$

41,066


 

 


Entravision Communications Corporation
Reconciliation of Consolidated Adjusted EBITDA to Cash Flows From Operating Activities
(In thousands; unaudited)

The most directly comparable GAAP financial measure is operating cash flow. A reconciliation of this non-GAAP measure to cash flows from operating activities for each of the periods presented is as follows:

 


Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



2014



2013


















Consolidated adjusted EBITDA (1)

$

22,147



$

19,996



$

37,132



$

33,376


















Interest expense


(3,469)




(7,881)




(6,907)




(15,665)


Interest income


13




9




25




16


Income tax (expense) benefit


(5,890)




(1,907)




(8,874)




(3,814)


Amortization of syndication contracts


(122)




(151)




(244)




(302)


Payments on syndication contracts


154




326




312




651


Non-cash stock-based compensation included in direct operating expenses


(127)




(295)




(217)




(479)


Non-cash stock-based compensation included in corporate expenses


(468)




(1,074)




(1,086)




(1,762)


Depreciation and amortization


(3,503)




(3,820)




(7,018)




(7,775)


Gain (loss) on debt extinguishment





(130)







(130)


Net income (loss)


8,735




5,073




13,123




4,116


















Depreciation and amortization


3,503




3,820




7,018




7,775


Deferred income taxes


5,796




1,452




8,291




3,294


Amortization of debt issue costs


203




575




404




1,030


Amortization of syndication contracts


122




151




244




302


Payments on syndication contracts


(154)




(326)




(312)




(651)


Non-cash stock-based compensation


595




1,369




1,303




2,241


(Gain) loss on debt extinguishment





130







130


Changes in assets and liabilities:
















(Increase) decrease in accounts receivable


(7,142)




(6,243)




(3,632)




(4,327)


(Increase) decrease in prepaid expenses and other assets


(268)




374




(1,261)




(454)


Increase (decrease) in accounts payable, accrued expenses and other
   liabilities


1,557




8,055




(5,484)




(637)


Cash flows from operating activities

$

12,947



$

14,430



$

19,694



$

12,819


















(1)   Consolidated adjusted EBITDA is defined on page 1.

 

 

Entravision Communications Corporation
Reconciliation of Free Cash Flow to Net Income (Loss)
(In thousands; unaudited)

The most directly comparable GAAP financial measure is net income (loss). A reconciliation of this non-GAAP measure to net income (loss) for each of the periods presented is as follows:

 


Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



2014



2013


Consolidated adjusted EBITDA (1)

$

22,147



$

19,996



$

37,132



$

33,376


Net interest expense (1)


3,253




7,297




6,478




14,619


Cash paid for income taxes


94




455




583




520


Capital expenditures (2)


2,133




2,050




4,051




4,605


Free cash flow (1)


16,667




10,194




26,020




13,632


















Capital expenditures (2)


2,133




2,050




4,051




4,605


Amortization of debt issue costs


(203)




(575)




(404)




(1,030)


Non-cash income tax expense


(5,796)




(1,452)




(8,291)




(3,294)


Amortization of syndication contracts


(122)




(151)




(244)




(302)


Payments on syndication contracts


154




326




312




651


Non-cash stock-based compensation included in direct operating expenses


(127)




(295)




(217)




(479)


Non-cash stock-based compensation included in corporate expenses


(468)




(1,074)




(1,086)




(1,762)


Depreciation and amortization


(3,503)




(3,820)




(7,018)




(7,775)


Gain (loss) on debt extinguishment





(130)







(130)


Net income (loss)

$

8,735



$

5,073



$

13,123



$

4,116


















(1)   Consolidated adjusted EBITDA, net interest expense, and free cash flow are defined on page 1.

(2)   Capital expenditures is not part of the consolidated statement of operations.

 

 

SOURCE Entravision Communications Corporation

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SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
This builds on Puppet Labs' first class Windows support, including native .MSI packages for x32 and x64 operating systems, modules to extend common Windows server management tools, including Powershell, and integrations with Microsoft Azure and Visual Studio. By automating common Windows administration tasks, Puppet Labs is enabling users to adopt DevOps practices, thereby reducing the time needed to deploy applications from weeks to hours.
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.
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
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...
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 ...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
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...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Ar...
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, ...
SYS-CON Media announced today that Skytap blog on "DevOps Journal" exceeded 84,000 story reads. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Noel Wurst is the managing content editor at Skytap. Skytap provides SaaS-based dev/test environments to the enterprise. Skytap solution removes the inefficiencies and constraints that comp...
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.
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...