|By Business Wire||
|August 12, 2014 04:15 PM EDT||
Local Corporation (NASDAQ: LOCM), a leading local search and technology company, reported its financial results for the second quarter 2014.
“We continue to transform our business to deliver rich and relevant content to consumers by leveraging our local search expertise and proprietary technology,” said Fred Thiel, Local Corporation chairman and CEO. “Our Owned & Operated (O&O) business, led by our flagship site, Local.com, continues to execute on strategic initiatives. Our focus on the consumer search experience and our enterprise partner relationships yielded year-over-year revenue growth for O&O with improved traffic and monetization.
“In our Network business, we continued a significant effort to improve traffic quality during the quarter. We believe traffic quality is critical to attracting advertisers, which increases revenue and expands margin. While the Network benefited from rapid traffic growth over the past year, the Network traffic quality was impaired by persistent efforts on the part of sophisticated third parties intent on defrauding advertisers for their own gain. All advertising companies are faced with this challenge, as has been widely reported in the news in recent periods.
“While we are not alone in this challenge, we are intent on leading the charge to overcome it. In the last two quarters alone, we have implemented very aggressive traffic quality monitoring and filtering tools. We believe these tools, together with those of our advertising partners, combined with continued vigilance will improve traffic quality and ensure the value of our Network to advertisers. In the short term, the impact of traffic that was disqualified, due to quality issues, has resulted in decreased Network traffic and revenue in the second quarter. Nevertheless, with improved traffic quality tools and the addition of new sites and partners that meet our high-quality traffic standards, we expect the Network to return to growth, as we exit 2014.
“Our innovation efforts are advancing with great strides. This quarter in the mobile segment of our business we achieved a major milestone with the launch of nQuery™, our new white-label search experience that opens up the market for mobile carriers and other enterprise partners to participate in revenue from mobile search. Our initial nQuery relationships are expected to give Local Corporation potentially significant market share in the Tier II mobile phone carrier marketplace and contribute significant incremental revenue later this year and into 2015. Mobile is the fastest growing segment of search, according to BIA/Kelsey, as mobile local ad revenues are projected to more than triple over the next five years, reaching $15.7 billion in 2018.
“As we move through the second half of 2014 and into 2015, our new product releases are expected to drive incremental top-line growth and improved profitability. We remain excited about the large opportunities ahead of us in the local search space and reiterate our 2014 guidance.”
Second Quarter 2014 Financial Highlights:
- Reported total revenue of $22.5 million; O&O revenue grew 14% year-over-year.
- Increased cash balance to $6.7 million at June 30, up $3.0 million from March 31.
- Improved net loss 63% year-over-year to $1.3 million.
- Delivered Adjusted EBITDA of $1.0 million, positive for the sixth consecutive quarter.
- Reported $204 revenue per thousand visitors (RKVs), up 8% sequentially, the second consecutive quarter of improvement.
- Reiterated 2014 guidance: Revenue midrange expected to increase 11% compared to 2013, and Adjusted EBITDA is expected to be between $3 million and $4 million.
* Adjusted EBITDA is defined as net income (loss) excluding: provision for income taxes; interest and other income (expense), net; depreciation; amortization; stock-based compensation charges; gain or loss on derivatives’ revaluation; net income (loss) from discontinued operations; accrued lease liability/asset; and severance charges. See detailed reconciliation of GAAP to non-GAAP measures in the financial tables attached to this release.
“Our second quarter O&O revenue grew 14% year-over-year, again exceeding internal revenue expectations,” said Ken Cragun, Local Corporation CFO. “This reflects our ability to increase the number of visits by high-intent local consumers and improve monetization. In the Network, we focused on improving traffic quality by augmenting our traffic quality tools and processes to better identify low-quality or invalid traffic and ending relationships with associated publishing partners. This resulted in a lower revenue run-rate in the near term, but is expected to enhance our long-term position. In the second quarter, we are pleased to report that we grew our cash balance by $3.0 million, reduced our debt by $700,000, and delivered positive Adjusted EBITDA for the sixth consecutive quarter. We remain confident in the momentum of our O&O business and new mobile search initiatives and, accordingly, we confirm our 2014 guidance.”
- Local Search Growth: Local Corporation continues to implement improved traffic acquisition and monitoring tools, infrastructure updates and user interface enhancements to increase search traffic, which delivered 14% growth for the company’s O&O business. During the second quarter, overall traffic reached 73 million monthly unique visitors (“MUV”), up from 72 million in the first quarter of 2014, and RKV increased to $204 from $189 for the same periods. The company is also encouraged by recent enhancements to the relevance of local search results by one of the major search engines. This is expected to result in a significant increase in organic traffic and ad conversions, which the company believes will lead to an improvement in gross margins.
- New Mobile Initiatives: Local Corporation continues to be committed to taking local search across multiple screens where consumers are spending more time searching for the products and services they need and want. The company recently launched nQuery™ by Local, which provides a white-labeled, hosted search solution that powers customized local search experiences and supports the company’s goal to populate local search across the Internet of everything. The company recently entered into partnerships with entities that specialize in monetizing subscriber traffic for mobile operators and Wi-Fi networks. Through these partnerships, Local Corporation will power search for a major US mobile carrier, 18 international and prepaid MVNO’s and 10,000 U.S. hotels currently under contract. nQuery is already powering millions of user searches per month and is expected to grow significantly with the onboarding of new partners.
- Local Shopping Expansion: The company is in the process of integrating an engaging consumer shopping discovery experience powered by Krillion® into its O&O properties. This destination is expected to grow and further monetize the highly relevant O&O traffic base as well as increase repeat visitor traffic. We believe the value of the Krillion technology is that it seamlessly ingests, aggregates and localizes various types of dynamic data and distributes this rich content across multiple channels.
- Innovation Focus: The company recently established Local Labs, which is expected to serve as a digital technology hub and start-up incubator focused on innovating the digital ecosystem. This team will be spearheading concept creation for several new product categories and customer use cases. The company is keenly focused on investing in innovation as a primary vehicle for growth.
- Intellectual Property Update: This quarter, the company was granted its thirteenth patent, which covers an online advertising monetization and yield optimization method and/or system and also began the process of establishing a flexible organizational structure to pursue its Krillion data and IP licensing strategy. In July, the company’s cascading menu patent trial was stayed pending completion of an administrative action with the United States Patent and Trademark Office. The trial is expected to resume after the completion of such action.
- Strengthened Leadership: In June, the board appointed two new directors. David M. Hughes, CEO of The Search Agency, brings 15 years of strategic executive leadership experience with specialties in global digital marketing and managed services and software-as-a-service platform products. John M. Payne, CEO of SimpleAir, Inc., has 30 years of experience leading public and private companies specializing in early stage software and technology companies, as well as IP licensing strategies.
Fiscal 2014 Financial Guidance:
Revenue for 2014 is expected to be in the range of $103 million to $107 million, which at the mid-point is an increase of 11% over 2013 revenue.
Adjusted EBITDA** for 2014 is expected to be in the range of $3 million to $4 million, or between $0.13 and $0.17 per diluted share, assuming diluted weighted average shares of 23.5 million taking into account the dilutive effect of stock options and warrants. Projected 2014 Adjusted EBITDA Factors:
- Interest Expense of $1.7 million
- Income Tax Provision of $200,000
- Depreciation Expense of $4.0 million
- Amortization Expense of $900,000
- Stock Compensation Expense of $800,000
- Severance Charges of $1.8 million
- Warrant and conversion option revaluation expense items are undeterminable, but may be significant non-cash gains or losses**
** The valuation of the warrant liability and the conversion option liability is based in large part on the underlying price and volatility of the company’s common stock during the period. Since the company cannot predict this, the company cannot project the non-cash gain or loss in connection with these warrants and the conversion option, and therefore, cannot reasonably project its GAAP net income (loss). Therefore, the company cannot provide GAAP guidance, but does report GAAP results.
Conference Call Information:
Chairman and CEO Fred Thiel and CFO Ken Cragun will host a conference call today at 5 p.m. ET to discuss the results and outlook. To participate in the call, please dial-in 10 minutes in advance to 1-877-883-4693 or 1-315-625-6982, passcode #79486261. To listen to the webcast and download the associated presentation, please visit the Investor Relations section of the Local Corporation website at: http://ir.local.com.
The replay can be accessed for approximately one week starting at 7:30 p.m. ET the day of the call by dialing 1-800-585-8367 or 1-404-537-3406, passcode #79486261. A replay of the webcast will be available for approximately 90 days on the company's website, starting approximately one hour after the completion of the call.
About Local Corporation
Local Corporation (NASDAQ:LOCM) is a leading local search and technology company that connects millions of online and mobile consumers with businesses and products through a variety of innovative digital advertising solutions. The company’s patented Krillion® data ingestion platform aggregates localizes and distributes dynamic, national and regional retail shopping content, from approximately 120,000 store locations, representing nearly 3 million localized products. For more information, visit: http://www.localcorporation.com or http://www.krillion.com. To download the company’s iOS® 7-compatible Havvit™ shopping app, go to: iTunes® (http://bit.ly/1d8Y111).
IOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.
Forward Looking Statements
This press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words or expressions such as 'anticipate,' 'believe,' 'estimate,' 'plans,' 'expect,' 'intend,' ‘project,’ ‘forecast,’ ‘potential,’ ‘feel’ and similar expressions and phrases are intended to identify such forward-looking statements. Any forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to our management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to, our advertising partners paying less revenue per click and revenues to us for our search results, our ability to purchase advertising from third parties to drive users to our sites, including at a profit, our ability to adapt our business following the shifts in our monetization partners, our ability to monetize the Local.com domain, including at a profit, our ability to retain a monetization partner for the Local.com domain and other web properties under our management that allows us to operate profitably, our ability to develop, market and operate our local-search technologies and our Krillion local shopping technologies, our ability to maintain and grow the number of Network partner sites and the aggregate levels of user traffic from such Network partner sites while also maintaining the quality level of such traffic, our ability to market the Local.com domain as a destination for consumers seeking local-search results, our ability to adapt to policy and technological changes promulgated by our advertising partners and traffic acquisition partners, our ability to grow our business by enhancing our local-search services, including through businesses we acquire, the integration and future performance of our Krillion business, the possibility that the information and estimates used to predict anticipated revenues and expenses associated with the businesses we acquire are not accurate, difficulties executing integration strategies or achieving planned synergies, the possibility that integration costs and go-forward costs associated with the businesses we acquire will be higher than anticipated, the possibility of impairment of assets associated with the businesses we have acquired, our ability to successfully expand our sales channels for new and existing products and services, our ability to increase the number of businesses that purchase our advertising products, our ability to expand our advertiser and distribution networks, our ability to integrate and effectively utilize our acquisitions' technologies, our ability to develop our products and sales, marketing, finance and administrative functions and successfully integrate our expanded infrastructure, as well as our dependence on major advertisers, our ability to successfully assert our intellectual property rights, competitive factors and pricing pressures, changes in legal and regulatory requirements, and general economic conditions. Any forward-looking statements reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this paragraph. Unless otherwise stated, all site traffic and usage statistics are from third-party service providers engaged by the company.
Our most recent Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.
Non-GAAP Financial Measures
This press release includes the non-GAAP financial measure of “Adjusted EBITDA” which we define as net income (loss) excluding: provision for income taxes; interest and other income (expense), net; depreciation; amortization; stock based compensation charges; gain or loss on derivatives’ revaluation; net income (loss) from discontinued operations; accrued lease liability/asset; and severance charges. Adjusted EBITDA, as defined above, is not a measurement under GAAP. Adjusted EBITDA is reconciled to net income (loss) which we believe is the most comparable GAAP measure. A reconciliation of net income (loss) to Adjusted EBITDA is set forth at the end of this press release.
Management believes that Adjusted EBITDA provides useful information to investors about the company’s performance because it eliminates the effects of period-to-period changes in income from interest on the company’s cash, expense from the company’s financing transactions and the costs associated with income tax expense, capital investments, stock-based compensation expense, net income (loss) from discontinued operations, derivatives’ revaluation charges; accrued lease liability/asset; and severance charges which are not directly attributable to the underlying performance of the company’s business operations. Management uses Adjusted EBITDA in evaluating the overall performance of the company’s business operations.
A limitation of non-GAAP Adjusted EBITDA is that it excludes items that often have a material effect on the company’s net income (loss) and earnings per common share calculated in accordance with GAAP. Therefore, management compensates for this limitation by using Adjusted EBITDA in conjunction with net income (loss) and net income (loss) per share measures. The company believes that Adjusted EBITDA provides investors with an additional tool for evaluating the company’s core performance, which management uses in its own evaluation of overall performance, and as a base-line for assessing the future earnings potential of the company. While the GAAP results are more complete, the company prefers to allow investors to have this supplemental metric since, with reconciliation to GAAP; it may provide greater insight into the company’s financial results. The non-GAAP measures should be viewed as a supplement to, and not as a substitute for, or superior to, GAAP net income (loss) or earnings (loss) per share.
|CONSOLIDATED BALANCE SHEETS|
(in thousands, except par value)
|June 30,||Dec 31,|
|Accounts receivable, net of allowances of $297 and $533, respectively||12,769||17,298|
|Prepaid expenses and other current assets||567||957|
|Total current assets||20,012||23,714|
|Property and equipment, net||6,343||6,073|
|Intangible assets, net||1,989||2,439|
|Long-term receivable, net of allowances of $3,431 and $3,431, respectively||-||-|
|LIABILITIES AND STOCKHOLDERS’ EQUITY|
|Other accrued liabilities||1,681||2,403|
|Revolving line of credit||8,867||7,342|
|Current portion of term loan||-||1,500|
|Total current liabilities||26,009||26,555|
|Long-term portion of term loan||-||375|
|Senior secure convertible notes, net of debt discount of $999 and $1,533, respectively||4,743||4,017|
|Deferred income taxes||444||347|
|Commitments and contingencies|
|Convertible preferred stock, $0.00001 par value; 10,000 shares authorized; none issued and outstanding for all periods presented||-||-|
|Common stock, $0.00001 par value; 65,000 shares authorized; 23,230 and 23,038 issued and outstanding, respectively||-||-|
|Additional paid-in capital||124,623||124,249|
|Total liabilities and stockholders’ equity||$||47,697||$||51,579|
|CONSOLIDATED STATEMENTS OF OPERATIONS|
(in thousands, except per share data)
Three Months Ended
Six Months Ended
|Costs and expenses:|
|Cost of revenues||16,512||16,452||36,917||32,046|
|Sales and marketing||2,166||2,009||4,516||5,189|
|General and administrative||3,238||2,845||6,556||5,791|
|Research and development||1,252||1,500||2,811||3,236|
|Amortization of intangibles||225||231||450||462|
|Total operating expenses||23,393||23,037||51,250||46,724|
|Interest and other income (expense), net||(564||)||(420||)||(1,107||)||(1,262||)|
|Change in fair value of conversion option and warrant liability||(64||)||638||(398||)||642|
|Loss from continuing operations before income taxes||(1,507||)||(163||)||(4,061||)||(3,224||)|
|Provision for (benefit from) income taxes||(177||)||159||97||230|
|Net loss from continuing operations||(1,330||)||(322||)||(4,158||)||(3,454||)|
|Loss from discontinued operations (net of taxes)||-||(3,264||)||-||(3,485||)|
|Per share data:|
|Basic and diluted net loss per share from continuing operations||$||(0.06||)||$||(0.01||)||$||(0.18||)||$||(0.15||)|
|Basic and diluted net loss per share from discontinued operations||$||(0.00||)||$||(0.14||)||$||(0.00||)||$||(0.15||)|
|Basic net income loss per share||$||(0.06||)||$||(0.16||)||$||(0.18||)||$||(0.31||)|
|Basic weighted average shares outstanding||23,228||22,877||23,226||22,721|
|Diluted weighted average shares outstanding||23,228||22,877||23,226||22,721|
|Supplemental Consolidated Statements of Operations Information|
|Q2 2014||Q1 2014||Q2 2013|
|Owned & Operated||$||12,602||$||11,417||$||11,066|
|Supplemental Consolidated Statements of Operations Information|
|Stock-based Compensation Expense *|
(in thousands, except per share data)
Three Months Ended
Six Months Ended
|Cost of revenues||$||11||$||31||$||23||$||59|
|Sales and marketing||25||116||53||250|
|General and administrative||110||306||306||596|
|Research and development||17||73||34||156|
|Total stock-based compensation expense*||$||163||$||526||$||416||$||1,061|
Basic and diluted net stock-based compensation expense per share
*- Excludes impact of discontinued operations.
|CONSOLIDATED STATEMENTS OF CASH FLOWS|
|Six Months Ended June 30,|
|Cash flows from operating activities:|
|Adjustments to reconcile net loss to cash provided (used in) by operating activities:|
|Depreciation and amortization||2,253||2,569|
|Provision for doubtful accounts||450||350|
|Stock-based compensation expense||416||1,077|
|Loss on exchange of warrants||-||723|
|Change in fair value of derivative liabilities||398||(642||)|
|Non-cash interest expense||534||186|
|Impairment of goodwill and intangible assets||-||3,051|
|Deferred income taxes||97||-|
|Changes in operating assets and liabilities:|
|Prepaid expenses and other||390||(752||)|
|Accounts payable and accrued liabilities||(767||)||2,469|
|Net cash provided by (used in) operating activities||3,682||(1,115||)|
|Cash flows from investing activities:|
|Proceeds from escrow payout||390||-|
|Net cash used in investing activities||(1,683||)||(1,355||)|
|Cash flows from financing activities:|
|Proceeds from issuance of senior secured convertible notes and warrants||-||5,000|
|Proceeds from exercise of options||4||21|
|Payment of financing related costs||(46||)||(108||)|
|Payment of term loan||(1,875||)||-|
|Proceeds from (payment of) revolving credit facility||1,525||(1,333||)|
|Net cash (used in) provided by financing activities||(392||)||3,580|
|Net increase in cash||1,607||1,110|
|Cash, beginning of period||5,069||3,696|
|Cash, end of period||$||6,676||$||4,806|
|Supplemental Cash Flow Information:|
|Income taxes paid||$||-||$||2|
|Non-cash financing activities|
|Derivative liabilities recorded in connection with the issuance of senior convertible notes and warrants||$||-||$||2,182|
|RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA|
(in thousands, except per share amounts)
Three Months Ended
Three Months Ended
|Less interest and other income (expense), net||564||420||543|
|Plus provision (benefit) for income taxes||(177||)||159||274|
|Plus amortization of intangibles||225||231||225|
|Plus depreciation and amortization||924||934||879|
|Plus stock-based compensation||163||526||253|
|Less revaluation of derivatives||64||(638||)||334|
|Plus net loss from discontinued operations||-||3,264||-|
|Plus accrual for lease liability/(assets)||-||(155||)||-|
|Plus severance charges||572||20||1,032|
|Diluted Adjusted EBITDA per share||$||0.04||$||0.05||$||0.03|
|Diluted weighted average shares outstanding||23,306||23,051||23,254|
|Monthly Unique Visitors (MUVs, millions)||Q2 2014||Q1 2014||Q2 2013|
|Revenue per thousand Visitors (RKV)||$204||$189||$199|
SYS-CON Events announced today that EnterpriseDB (EDB), the leading worldwide provider of enterprise-class Postgres products and database compatibility solutions, 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. EDB is the largest provider of Postgres software and services that provides enterprise-class performance and scalability and the open source freedom to divert budget from more costly traditiona...
May. 29, 2015 11:00 AM EDT Reads: 1,581
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
May. 29, 2015 11:00 AM EDT Reads: 5,688
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session a...
May. 29, 2015 11:00 AM EDT Reads: 3,993
The multi-trillion economic opportunity around the "Internet of Things" (IoT) is emerging as the hottest topic for investors in 2015. As we connect the physical world with information technology, data from actions, processes and the environment can increase sales, improve efficiencies, automate daily activities and minimize risk. In his session at @ThingsExpo, Ed Maguire, Senior Analyst at CLSA Americas, will describe what is new and different about IoT, explore financial, technological and re...
May. 29, 2015 10:50 AM EDT Reads: 189
Andi Mann has been serving as Conference Chair of the DevOps Summit since its inception. He is one of the world's recognized leaders in DevOps, and continues to be one of its most articulate advocates. Here are some recent thoughts of his in an interview we conducted in the run-up to the DevOps Summit to be held June 9-11 at the Javits Center in New York City. When did you first start thinking about DevOps and its potential impact on enterprise IT? Andi: I first started thinking about DevOps b...
May. 29, 2015 10:33 AM EDT Reads: 266
The web app is Agile. The REST API is Agile. The testing and planning are Agile. But alas, Data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes which force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software orga...
May. 29, 2015 10:00 AM EDT Reads: 612
The OpenStack cloud operating system includes Trove, a database abstraction layer. Rather than applications connecting directly to a specific type of database, they connect to Trove, which in turn connects to one or more specific databases. One target database is Postgres Plus Cloud Database, which includes its own RESTful API. Trove was originally developed around MySQL, whose interfaces are significantly less complicated than those of the Postgres cloud database. In his session at 16th Cloud...
May. 29, 2015 10:00 AM EDT Reads: 1,215
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile ...
May. 29, 2015 10:00 AM EDT Reads: 5,449
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between confe...
May. 29, 2015 10:00 AM EDT Reads: 3,165
We are all here because we are sold on the transformative promise of The Cloud. But what good is all of this ephemeral, on-demand infrastructure if your usage doesn't actually improve the agility and speed of your business? How must Operations adapt in order to avoid stifling your Cloud initiative? In his session at DevOps Summit, Damon Edwards, co-founder and managing partner of the DTO Solutions, will highlight the successful organizational, process, and tooling patterns of high-performing c...
May. 29, 2015 10:00 AM EDT Reads: 5,376
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is 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...
May. 29, 2015 10:00 AM EDT Reads: 4,088
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not ...
May. 29, 2015 09:45 AM EDT Reads: 640
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager – Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, will review next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discuss how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Speaker Bios Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has b...
May. 29, 2015 09:45 AM EDT Reads: 1,217
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, will analyze how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining B...
May. 29, 2015 09:36 AM EDT Reads: 342
There is no question that the cloud is where businesses want to host data. Until recently hypervisor virtualization was the most widely used method in cloud computing. Recently virtual containers have been gaining in popularity, and for good reason. In the debate between virtual machines and containers, the latter have been seen as the new kid on the block – and like other emerging technology have had some initial shortcomings. However, the container space has evolved drastically since coming on...
May. 29, 2015 09:15 AM EDT Reads: 1,371