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AVG Reports Second Quarter 2014 Financial Results

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

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

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

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

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

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

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

Financial Outlook

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

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

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

Conference Call Information

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

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

Use of Non-GAAP Financial Information

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

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

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

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

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

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

Forward-Looking Statements

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

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

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

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

About AVG

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

All trademarks are the property of their respective owners.

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


AVG Technologies N.V.

Unaudited condensed consolidated balance sheets

(in thousands of U.S. dollars)



December 31,


June 30,



2013


2014


ASSETS



Current assets:







Cash and cash equivalents

$

42,349


$

45,097


Restricted cash


4,654



5,300


Trade accounts receivable, net


26,160



21,927


Inventories


1,017



723


Deferred income taxes


25,058



24,599


Prepaid expenses 


5,927



7,246


Other current assets


5,416



3,102


Total current assets


110,581



107,994


Property and equipment, net


15,294



14,162


Deferred income taxes


33,820



27,222


Intangible assets, net


59,577



50,661


Goodwill


84,843



84,887


Investment


160



160


Other assets


2,507



1,553


Total assets

$

306,782


$

286,639









LIABILITIES AND SHAREHOLDERS' EQUITY







Current liabilities:







Accounts payable

$

11,356


$

6,048


Accrued compensation and benefits


18,245



12,793


Accrued expenses and other current liabilities


31,569



32,246


Income taxes payable


4,680



5,479


Deferred tax liabilities


163



334


Deferred revenue


164,136



163,933


Total current liabilities


230,149



220,833


Long-term debt


30,000



-


Deferred revenue, less current portion


33,050



32,127


Deferred tax liabilities


342



-


Other non-current liabilities


4,075



3,482


Total liabilities


297,616



256,442









Ordinary shares


727



727


Distributions in excess of capital


(128,809)



(125,253)


Treasury shares


(33,179)



(46,816)


Accumulated other comprehensive loss


(8,343)



(8,859)


Retained earnings


178,770



210,398


Total shareholders' equity


9,166



30,197


Total liabilities and shareholders' equity

$

306,782


$

286,639









 

AVG Technologies N.V.


Unaudited condensed consolidated statements of comprehensive income


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








Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Revenue:









Subscription

$

61,000


$

68,225


$

117,579


$

135,515


Platform-derived


39,381



19,784



87,528



46,040


Total revenue


100,381



88,009



205,107



181,555


Cost of revenue:













Subscription


(6,220)



(8,934)



(13,649)



(17,045)


Platform-derived


(9,537)



(3,535)



(16,214)



(8,936)


Total cost of revenue


(15,757)



(12,469)



(29,863)



(25,981)


Gross profit


84,624



75,540



175,244



155,574


Operating expenses:













Research and development


(14,145)



(15,823)



(28,791)



(32,270)


Sales and marketing


(23,147)



(22,550)



(46,566)



(45,032)


General and administrative


(15,516)



(16,757)



(35,773)



(33,133)


Total operating expenses


(52,808)



(55,130)



(111,130)



(110,435)


Operating income


31,816



20,410



64,114



45,139


Other expense, net


(4,512)



(392)



(6,598)



(449)


Income before income taxes and loss from investment in equity affiliate


27,304



20,018



57,516



44,690


Income tax provision


(5,614)



(6,333)



(11,384)



(13,062)


Net income

$

21,690


$

13,685


$

46,132


$

31,628


Comprehensive income

$

22,999


$

13,873


$

46,060


$

31,112















Earnings per share:













Net income

$

21,690


$

13,685


$

46,132


$

31,628


Net income available to ordinary shareholders - basic

$

21,690


$

13,685


$

46,132


$

31,628


Net income available to ordinary shareholders - diluted

$

21,690


$

13,685


$

46,132


$

31,628


Earnings per ordinary share – basic

$

0.40


$

0.26


$

0.85


$

0.60


Earnings per ordinary share – diluted

$

0.39


$

0.26


$

0.84


$

0.60


Weighted-average shares outstanding – basic


54,487,750



52,407,636



54,257,788



52,777,085


Weighted-average shares outstanding – diluted


54,949,534



52,744,420



54,788,767



53,112,758




























 

AVG Technologies N.V.


Unaudited condensed consolidated statements of cash flows


(in thousands of U.S. dollars)





Three months ended

Six months ended



June 30,

June 30,



2013


2014


2013


2014


OPERATING ACTIVITIES:













Net income

$

21,690


$

13,685


$

46,132


$

31,628


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













Depreciation and amortization 


5,362



7,973



10,461



15,726


Share-based compensation


1,593



3,123



5,226



5,935


Deferred income taxes


(1,234)



2,389



566



7,009


Change in the fair value of contingent consideration liabilities


172



92



987



183


Amortization of financing costs and loan discount


2,856



64



3,845



126


Loss (gain) on sale of property and equipment


(41)



(50)



(76)



(39)


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


13,048



(4,188)



10,402



(4,664)


Net change in deferred revenue


716



(795)



9,886



(899)


Net cash provided by operating activities


44,162



22,293



87,429



55,005


INVESTING ACTIVITIES:













Purchase of property and equipment and intangible assets


(4,083)



(3,195)



(7,821)



(5,912)


Proceeds from sale of property and equipment


75



57



128



218


Cash payments for acquisitions, net of cash acquired


(23,330)



-



(26,195)



-


Proceeds from sale of investment 


9,750



-



9,750



-


Decrease (increase) in restricted cash


(3,775)



1,704



(4,587)



175


Net cash used in investing activities


(21,363)



(1,434)



(28,725)



(5,519)


FINANCING ACTIVITIES:













Payment of contingent consideration


(50)



-



(225)



-


Proceeds of credit agreement 


75,000



-



75,000



-


Debt issuance costs


(774)



-



(774)



-


Repayments of principal on current credit agreement


(8,333)



(5,000)



(8,333)



(30,000)


Repayments of principal on former credit facility


(77,807)



-



(100,863)



-


Proceeds from exercise of share options


1,709



1,145



1,908



1,858


Repurchases of share rights and options from employees


(6)



-



(2,906)



(1,460)


Repurchase of own shares


(1,509)



(8,175)



(1,509)



(16,422)


Net cash used in financing activities


(11,770)



(12,030)



(37,702)



(46,024)


Effect of exchange rate fluctuations on cash and cash equivalents


(102)



(99)



(1,180)



(714)


Change in cash and cash equivalents


10,927



8,730



19,822



2,748


Beginning cash and cash equivalents


60,785



36,367



51,890



42,349


Ending cash and cash equivalents

$

71,712


$

45,097


$

71,712


$

45,097















Income taxes paid

$

(2,889)


$

(3,071)


$

(4,659)


$

(5,345)


Interest paid

$

(655)


$

(102)


$

(2,690)


$

(381)




























 

AVG Technologies N.V.


Reconciliation of GAAP measures to non-GAAP measures


(in thousands of U.S. dollars)





Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Gross profit

$

84,624


$

75,540


$

175,244


$

155,574


Add back:













- Share-based compensation


27



11



25



14


- Acquisition amortization(1)


1,352



2,737



2,615



5,394


- Other adjustments(2)


-



-



(7)



-


Non-GAAP adjusted gross profit

$

86,003


$

78,288


$

177,877


$

160,982


Revenue


100,381



88,009



205,107



181,555


Non-GAAP adjusted gross profit margin


86%



89%



87%



89%















Operating expenses

$

(52,808)


$

(55,130)


$

(111,130)


$

(110,435)


Less:













- Share-based compensation


1,566



3,112



5,201



5,921


- Acquisition amortization(1)


973



1,606



1,993



3,212


- Other adjustments(2)


338



747



1,208



3,314


Non-GAAP adjusted operating expenses

$

(49,931)


$

(49,665)


$

(102,728)


$

(97,988)















Operating income

$

31,816


$

20,410


$

64,114


$

45,139


Add back:













- Share-based compensation


1,593



3,123



5,226



5,935


- Acquisition amortization(1)


2,325



4,343



4,608



8,606


- Other adjustments(2)


338



747



1,201



3,314


Non-GAAP adjusted operating income

$

36,072


$

28,623


$

75,149


$

62,994


Revenue


100,381



88,009



205,107



181,555


Non-GAAP adjusted operating income margin


36%



33%



37%



35%















Other expense, net

$

(4,512)


$

(392)


$

(6,598)


$

(449)


Less:













- Other adjustments(2)


2,643



-



2,643



-


Non-GAAP adjusted other expense, net

$

(1,869)


$

(392)


$

(3,955)


$

(449)




























 

AVG Technologies N.V.


Reconciliation of GAAP measures to non-GAAP measures


(in thousands of U.S. dollars)





Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Net income

$

21,690


$

13,685


$

46,132


$

31,628


Add back:













- Share-based compensation


1,593



3,123



5,226



5,935


- Acquisition amortization(1)


2,325



4,343



4,608



8,606


- Other adjustments(2)


2,981



747



3,844



3,314


- Provision (Benefit) for income taxes


5,614



6,333



11,384



13,062


Non-GAAP adjusted profit before taxes

$

34,203


$

28,231


$

71,194


$

62,545


Less: Estimated provision for income taxes(3)


(4,788)



(3,529)



(9,967)



(7,818)


Non-GAAP adjusted net income


29,415



24,702



61,227



54,727















Weighted-average shares outstanding - diluted (in thousands)


54,950



52,744



54,789



53,113


Non-GAAP adjusted net income


29,415



24,702



61,227



54,727


Non-GAAP diluted EPS

$

0.54


$

0.47


$

1.12


$

1.03



































December 31,

June 30,









2013


2014


Cash and cash equivalents







$

42,349


$

45,097


Long-term debt








(30,000)



-


Net cash







$

12,349


$

45,097





























Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Net cash provided by operating activities

$

44,162


$

22,293


$

87,429


$

55,005


Less: Payments for property and equipment and intangible assets


(4,083)



(3,195)



(7,821)



(5,912)


Free cash flow

$

40,079


$

19,098


$

79,608


$

49,093





























Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Revenue

$

100,381


$

88,009


$

205,107


$

181,555


Free cash flow


40,079



19,098



79,608



49,093


Cash conversion


40%



22%



39%



27%




























 

AVG Technologies N.V.


Reconciliation of GAAP measures to non-GAAP measures


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


and revenue per average active user data)









Twelve months ended









June 30,









2013


2014


Total revenue (trailing 12 months)







$

395,565


$

383,561


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








155



182


Average active users (in millions)(5)








142



169


Twelve months trailing revenue per average active user







$

2.79


$

2.27




























Share-based compensation


(in thousands of U.S. dollars)



Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Cost of revenue

$

(27)


$

(11)


$

(25)


$

(14)


Research and development


(180)



(453)



(252)



(796)


Sales and marketing


(798)



(247)



(556)



(507)


General and administrative


(588)



(2,412)



(4,393)



(4,618)


Share-based compensation

$

(1,593)


$

(3,123)


$

(5,226)


$

(5,935)




























Acquisition amortization


(in thousands of U.S. dollars)



Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Cost of revenue

$

(1,352)


$

(2,737)


$

(2,615)


$

(5,394)


Research and development


(5)



(175)



(8)



(350)


Sales and marketing


(968)



(1,431)



(1,985)



(2,862)


Acquisition amortization

$

(2,325)


$

(4,343)


$

(4,608)


$

(8,606)




























Other adjustments


(in thousands of U.S. dollars)



Three months ended


Six months ended



June 30,


June 30,



2013


2014


2013


2014


Cost of revenue

$

-


$

-


$

7


$

-


Research and development


(296)



(449)



(435)



(1,270)


Sales and marketing


(32)



(267)



(631)



(382)


General and administrative


(10)



(31)



(142)



(1,662)


Other expenses, net


(2,643)



-



(2,643)



-


Other adjustments

$

(2,981)


$

(747)


$

(3,844)


$

(3,314)




























 

(1)

Includes amortization of acquired intangible assets.



(2)

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



(3)

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



(4)

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



(5)

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

SOURCE AVG Technologies N.V.

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SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of IoT applications and projects. Business operations, IT, and data scientists need advanced analytics t...
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater.
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
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 @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...