|By PR Newswire||
|October 31, 2012 06:01 AM EDT||
BURLINGTON, Massachusetts, October 31, 2012 /PRNewswire/ --
Attunity, Ltd. (NASDAQ: ATTU), a leading provider of information availability software solutions, today reported its unaudited financial results for the three month period ended September 30, 2012.
Financial Highlights for the Third Quarter of 2012:
- Total revenues increased 72% to $5.9 million in the third quarter of 2012, compared to $3.5 million for the same period last year
- License revenues increased 73% to $3.0 million in the third quarter of 2012, compared to $1.8 million for the same period last year
- Non-GAAP operating income increased 60% to $1.0 million in the third quarter of 2012, compared to $0.6 million for the same period last year
- Net income increased to an income of $43,000 in the third quarter of 2012, compared to a loss of ($792,000) for the same period last year
- Non-GAAP net income increased 90% to $0.9 million in the third quarter of 2012, compared to $0.5 million for the same period last year
- Shareholders' equity increased to $8.1 million as of September 30, 2012 compared to $5.2 million as of December 31, 2011.
Recent Operational Highlights:
- Successfully returned to trading ordinary shares on the NASDAQ Capital Market
- Closed first deal of Attunity Replicate for EMC Greenplum Big Data analytics
- Introduced Attunity Replicate to Oracle Exadata, continuing expansion into the Big Data market with Business Intelligence (BI) and enterprise analytics initiatives
- Teamed with Teradata to optimize Attunity Replicate for Big Data warehouses to enable Big Data replication
- Signed several major customer agreements for Attunity Replicate across all regions, including a major European financial institution, and a large telecommunication provider in Asia Pacific further improving its competitive advantage for Big Data with analytics
- Expanded services for Amazon Web Services (AWS) Simple Storage Service (S3) with Attunity's new data replication SaaS solution, providing disaster recovery, backup and data distribution between different AWS regions
- Awarded the #1 Data Replication Innovator distinction on the "Top 40 Companies We're Watching" List from Information Management Magazine.
We are quickly gaining market share and becoming a go-to-provider of replication software solutions amid growing demand from new customers deploying Big Data warehouses for Big Data analytics. These customers are quickly recognizing the value and the advantages our solutions offer and have often chosen Attunity over other Big Data replication solution in today's market," stated Mr. Shimon Alon, Chairman and CEO of Attunity. "We are pleased to report a 72% increase in revenue compared to the third quarter of 2011. This strength in market demand for our solutions is also resulting in a continuous rise in our average sales price for our replication products. And, while the third quarter is generally our weakest quarter of the year due to the seasonality of our business, we continue to demonstrate strong growth and profitability on a year-over-year basis. As a result, we expect our fourth quarter to be the strongest this year in terms of record quarterly revenues and profits."
"The Attunity Replicate has led to several new industry partnership and collaborations, including EMC Greenplum, Teradata, HP Vertica and Action Vectorwise, who have recognized the critical need and value of our solutions to enhance their BI and Big Data analytics capabilities. I am pleased that we already closed the first deal of Replicate for EMC Greenplum just several weeks after its introduction in the beginning of the third quarter. Additionally, we have launched the public beta of our SaaS upload and replication solutions for the cloud for Amazon Web Services (AWS) Simple Storage Service (S3), and will showcase these solutions with AWS in the November 2012 AWS re: Invent Conference, including new solutions for data automation and management for cloud replication."
Mr. Alon concluded, "Since our successful listing on NASDAQ, we have seen increased interest in the company from the capital markets, as demonstrated by our invitations to more investor conferences and general excitement within the investment community. We are also excited by the growth potential from the recent deals we have closed. And we believe our penetration of the Big Data and BI markets will increase as our offerings now include solutions for major Big Data warehouse players, such as Oracle Exadata, Teradata and EMC Greenplum. As we look to the future, several of our new solutions for the Cloud and Big Data are expected to generate a new stream of customers in 2013."
Financial Results for Q3 2012
Total revenues for the third quarter of 2012 increased 72% to $5.9 million, compared to $3.5 million for the same period of 2011. This included license revenues for the third quarter of 2012, which increased 73% to $3.0 million, compared to $1.8 million for the same period of 2011. RepliWeb products contributed $2.4 million in total revenues and $1.0 million in license revenues in the third quarter of 2012.
Net operating income for the third quarter of 2012 was $569,000, compared to an operating loss of ($407,000) for the same period of 2011.
Non-GAAP operating income for the third quarter of 2012 was $993,000, compared to $620,000 for the same period last year. Non-GAAP operating income for the third quarter of 2012 excludes equity-based compensation and amortization of software development costs totaling $197,000, compared to $163,000 for the same period last year; and $227,000 in amortization and expenses related to the acquisition of RepliWeb compared to $864,000 for the same period last year (see footnotes 1 and 2 at the end of this release).
Net income for the third quarter of 2012 was $43,000, or $0.00 per diluted share, compared to a loss of ($792,000), or ($0.10) per diluted share (adjusted to reflect the recent reverse stock split), in the third quarter of 2011.
Non-GAAP net income for the third quarter of 2012 was $865,000, compared to $456,000 for the same period last year. Non-GAAP net income for the third quarter of 2012 excludes a total of $822,000 in expenses and amortization, including $414,000 of financial expenses associated with the revaluation of liabilities presented at fair value (attributed mainly to the rise of our share price) and the revaluation of the conversion feature related to the Company's convertible debt; $227,000 in amortization and expenses associated with acquisition of RepliWeb; and $157,000 in expenses related to stock based compensation (see footnotes 1 and 2 at the end of this release).
Cash and cash equivalents were $1.7 million as of September 30, 2012, compared to $1.5 million as of December 31, 2011.
Shareholders' equity increased to $8.1 million as of September 30, 2012, compared to $5.2 million as of December 31, 2011.
See "Use of Non-GAAP Financial Information" below for more information regarding Attunity's use of Non-GAAP financial measures.
Conference Call Information
The Company's management will host a conference call today, October 31, 2012, at 10:00 a.m. Eastern Time. The dial-in numbers for the conference call are 1-866-691-3082 (US Toll Free), +1-480-629-1941 (International) or 072-273-3197 (Israel). All dial-in participants must use the following code to access the call: 4569045. Please call at least five minutes before the scheduled start time.
The conference call will be available via webcast and can be accessed through the Events section of Attunity's website, http://www.attunity.com/events, and http://www.kcsa.com, the contents of which are not part of this press release. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the Internet broadcast.
For interested individuals unable to join the conference call, a replay of the call will be available through November 30, 2012 at 1-800-406-7325 (US Toll Free), +1-303-590-3030 (International) or 072-273-3198 (Israel) . Participants must use the following code to access the replay of the call: 4569045. The online archive of the webcast will be available on http://www.attunity.com/events or http://www.kcsa.com for 30 days following the call.
Attunity is a leading provider of information availability software solutions that enable access, sharing and distribution of data, including Big Data, across heterogeneous enterprise platforms, organizations, and the cloud. Our software solutions include data replication, change data capture (CDC), data connectivity, enterprise file replication (EFR) and managed-file-transfer (MFT). Using Attunity's software solutions, our customers enjoy significant business benefits by enabling real-time access and availability of data and files where and when needed, across the maze of heterogeneous systems making up today's IT environment.
Attunity has supplied innovative software solutions to its enterprise-class customers for nearly 20 years and has successful deployments at thousands of organizations worldwide. Attunity provides software directly and indirectly through a number of partners such as Microsoft, Oracle, IBM and HP. Headquartered in Boston, Attunity serves its customers via offices in North America, Europe, and Asia Pacific and through a network of local partners. For more information, visit http://www.attunity.com or our In Tune blog and join our community on Twitter, Facebook, LinkedIn and YouTube.
Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with U.S. generally accepted accounting principles, or GAAP, Attunity uses Non-GAAP measures of net income, net operating income and net income per share, which are adjustments from results based on GAAP to exclude expenses and amortization associated with the acquisition of RepliWeb net of related tax, non-cash equity based compensation charges in accordance with ASC 718, amortization of software development costs in accordance with ASC 985-20, and non-cash financial expenses such as revaluation effect of liabilities presented at fair value and convertible debt inducement expenses. Attunity's management believes the non-GAAP financial information provided in this release is useful to investors' understanding and assessment of Attunity's on-going core operations and prospects for the future. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal Securities laws. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. For example, when we discuss our expected revenues and profits or demand for our new solutions for cloud computing, we are using a forward-looking statement. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from Attunity's current expectations. Factors that could cause or contribute to such differences include, but are not limited to: our reliance on strategic relationships with our distributors, OEM and VAR partners, including Microsoft; risks and uncertainties relating to the acquisition of RepliWeb, including costs and difficulties related to integration of acquired businesses, the combined companies' financial results and performance, and known or unknown contingent liabilities, including litigation, costs, tax and expenses; our liquidity challenges and the need to raise additional capital in the future; timely availability and customer acceptance of Attunity's new and existing products, including Attunity Replicate; changes in the competitive landscape, including new competitors or the impact of competitive pricing and products; a shift in demand for products such as Attunity's products; the impact on revenues of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; and other factors and risks on which Attunity may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Attunity, reference is made to Attunity's Annual Report on Form 20-F/A for the year ended December 31, 2011, which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Attunity in reports filed or furnished to the SEC. Except as otherwise required by law, Attunity undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
© 2012 Attunity Ltd. All rights reserved. Attunity is a trademark of Attunity Inc.
CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands September 30, December 31, 2012 2011 Unaudited ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,714 $ 1,484 Restricted cash 21 362 Trade receivables (net of allowance for doubtful accounts of $15 at September 30, 2012 and December 31, 2011) 3,036 1,988 Other accounts receivable and prepaid expenses 260 158 Total current assets 5,031 3,992 LONG-TERM ASSETS: Other long term assets 89 72 Severance pay fund 2,740 2,684 Property and equipment, net 421 380 Intangible assets ,net 2,084 2,854 Goodwill 13,050 13,011 Total long-term assets 18,384 19,001 Total assets $ 23,415 $ 22,993
CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands except share data September December 30, 31, 2012 2011 LIABILITIES AND SHAREHOLDERS' EQUITY Unaudited CURRENT LIABILITIES: Current maturities of long-term convertible debt $ - $ 835 Current maturities of long-term debt 6 115 Trade payables 423 452 Deferred revenues 4,835 5,733 Employees and payroll accruals 2,015 2,151 Accrued expenses and other current liabilities 1,016 1,906 Bifurcated conversion feature , presented at fair value - 227 Contingent payment obligation 1,867 - Total current liabilities 10,162 11,419 LONG-TERM LIABILITIES: Contingent payment obligation - 1,669 Long term deferred tax liability, net 309 352 Other long-term liabilities 329 388 Liabilities presented at fair value 766 510 Accrued severance pay 3,742 3,467 Total long-term liabilities 5,146 6,386 SHAREHOLDERS' EQUITY: Share capital - Ordinary shares of NIS 0.4 par value - Authorized: 32,500,000 shares at September 30, 2012 and December 31, 2011 Issued and outstanding: 10,882,902 shares at September 30, 2012 and 9,987,777 at December 31, 2011 1,225 1,146 Additional paid-in capital 109,967 107,572 Accumulated other comprehensive loss (671) (690) Accumulated deficit (102,414) (102,840) Total shareholders' equity 8,107 5,188 Total liabilities and shareholders' equity $ 23,415 $ 22,993
*) On July 19 2012, the Company performed a reverse stock split of the Company's ordinary shares of four (4) for one (1).
The earning per share amounts and the share data presented for all prior periods were restated to reflect the effects of the reverse stock split.
CONSOLIDATED STATEMENTS OF OPERATIONS U.S. dollars in thousands, except per share data 9 months ended 3 months ended September 30, September 30, 2012 2011 2012 2011 Unaudited Unaudited Unaudited Unaudited Software licenses $ 10,185 $ 4,959 $ 3,044 $ 1,754 Maintenance and services 8,227 4,499 2,892 1,697 18,412 9,458 5,936 3,451 Operating expenses: Cost of revenues 1,747 966 574 353 Research and development 5,827 2,741 1,899 1,161 Selling and marketing 6,964 3,576 2,151 1,338 General and administrative 2,274 2,112 743 1,006 Total operating expenses 16,812 9,395 5,367 3,858 Operating Income / (Loss) 1,600 63 569 (407) Financial expenses , net 1,046 376 489 329 Income / (loss) before income taxes 554 (313) 80 (736) Taxes on income 128 122 37 56 Net income / (loss) $ 426 $ (435) $ 43 $ (792) Basic net income / (loss) per share $ 0.04 $ (0.05) $ 0.00 $ (0.09) Weighted average number of shares used in computing basic net income per share 10,506 8,426 10,752 8,578 Diluted net income / (loss) per share 0.04 $ (0.06) $ 0.00 $ (0.10) Weighted average number of shares used in computing diluted net income per share 11,782 8,426 12,356 8,578
*) On July 19, 2012, the Company performed a reverse stock split of the Company's ordinary shares of four (4) for one (1).
The earning per share amounts and the share data presented for all prior periods were restated to reflect the effects of the reverse stock split.
CONSOLIDATED STATEMENTS OF CASH FLOWS U.S. dollars in thousands 9 months ended September 30, September 30, 2012 2011 Unaudited Unaudited Cash from operating activities: Net Income /( loss) $ 426 (435) Adjustments required to reconcile net income ( loss) to net cash provided by (used in) operating activities: Depreciation 168 80 Stock based compensation 481 221 Amortization of intangible assets 770 328 Accretion of contingent payment obligation 199 8 Convertible debt inducement expenses 108 - Increase (decrease) in accrued severance pay, net 219 (4) Decrease (increase) in trade receivables (1,048) 352 Decrease ( increase) in other accounts receivable and prepaid expenses (127) 71 Increase in other long term assets (17) (11) Increase (decrease) in trade payables (29) 7 Increase (decrease) in deferred revenues (898) 2,827 Increase (decrease) in employees and payroll accruals (136) 178 Increase (decrease) in accrued expenses and other liabilities (890) 1,217 Change in liabilities presented at fair value 742 76 Change in deferred taxes, net (77) - Net cash provided by (used in) operating activities (109) 4,915 Cash flows from investing activities: Purchase of property and equipment (209) (117) decrease (increase) of restricted cash 341 (192) Cash paid in connection with the acquisition ,net of acquired cash - 1,499 Net cash provided by investing activities 132 1,190 Cash flows from financing activities: Receipt of short term bridge loan to finance the acquisition - 3,000 Repayment of bridge loan - (3,000) Proceeds from exercise of stock options, warrants and rights 475 240 Receipt of long term loan - 57 Repayment of long-term debt (109) (785) Repayment of convertible debt (138) (184) Net cash provided by (used in) financing activities 228 (672) Foreign currency translation adjustments on cash and cash equivalents (20) 34 Increase in cash and cash equivalents 230 5,467 Cash and cash equivalents at the beginning of the period 1,484 872 Cash and cash equivalents at the end of the period $ 1,714 6,339 Supplemental disclosure of cash flow activities: Cash paid during the period for: Interest $ 225 63 Income tax $ 234 - Non cash activity Conversion of convertible debt and bifurcated conversion feature $ 630 - Shares Issued as part of the acquisition - 2,500
RECONCILIATION OF SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION U.S. dollars in thousands, except per share data 9 months ended 3 months ended September 30, September 30, 2012 2011 2012 2011 September 30, September 30, September 30, September 30, Unaudited Unaudited Unaudited Unaudited GAAP operating Income / (loss) $ 1,600 $ 63 569 $ (407) Stock based compensation (1) 481 221 157 76 Amortization of Software Development Costs 152 278 40 87 Acquisition-related expenses, amortization and adjustments (2) 740 864 227 864 Non-GAAP operating Income $ 2,973 $ 1,426 993 $ 620 GAAP net Income 426 (435) 43 (792) Stock based compensation (1) 481 221 157 76 Amortization of Software Development Costs 152 278 40 87 Acquisition-related expenses, amortization and adjustments (2) 740 864 227 864 Revaluation of liabilities presented at fair value 850 (224) 414 (87) Acquisition related financial expense 199 308 66 308 Tax related to the acquisition (247) - (82) - Non-GAAP net Income $ 2,601 $ 1,012 865 $ 456 GAAP diluted net Income (loss) per share: 0.04 (0.05) 0.00 (0.09) Operating expenses GAAP 0.12 0.16 0.03 0.12 Financial expenses 0.09 0.01 0.04 0.03 Taxes on income (0.02) - (0.01) - Non-GAAP diluted net Income per share $ 0.22 $ 0.12 0.07 $ 0.05 Weighted average number of shares used in computing diluted net income per share 11,782 8,426 12,356 8,578 (1)Stock-based compensation expenses under ASC 718 included in: Research and development 219 72 98 29 Selling and marketing 132 70 56 26 General and administrative 130 79 3 21 $ 481 $ 221 157 $ 76 (2)Operating acquisition-related expenses, amortization and adjustments: Valuation adjustment on acquired deferred services revenue 122 7 21 7 Cost of Sales - Amortization of technology 419 22 140 22 Carve-out to RepliWeb employees - 386 - 386 Selling and marketing - Amortization of customers relationship 199 28 66 28 General and administration - Acquisition expenses - 421 - 421 $ 740 $ 864 227 $ 864 (3)Total Acquisition-Related Expenses: Acquisition-related expenses, amortization and adjustments - Note 2 740 864 227 864 Accretion of contingent payment obligation 199 8 66 8 Fair value of carve out feature related to warrants - 300 - 300 Tax related to the acquisition (247) (82) $ 692 $ 1,172 211 $ 1,172
*) On July 19,2012, the Company performed a reverse stock split of the Company's ordinary shares of four (4) for one (1).
The earning per share amounts and the share data presented for all prior periods were restated to reflect the effects of the reverse
For more information, please contact:
Dror Harel-Elkayam, CFO
SOURCE Attunity Ltd
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
Jan. 26, 2015 02:00 AM EST Reads: 2,718
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
Jan. 26, 2015 01:00 AM EST Reads: 2,531
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
Jan. 26, 2015 12:45 AM EST Reads: 3,471
SYS-CON Events announced today that ActiveState, the leading independent Cloud Foundry and Docker-based PaaS provider, has been named “Silver Sponsor” of SYS-CON's DevOps Summit New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. ActiveState believes that enterprises gain a competitive advantage when they are able to quickly create, deploy and efficiently manage software solutions that immediately create business value, but they face many challenges that prevent them from doing so. The Company is uniquely positioned to help address these challenges thro...
Jan. 25, 2015 11:45 PM EST Reads: 1,787
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
Jan. 25, 2015 07:45 PM EST Reads: 2,337
SYS-CON Media announced that Cisco, a worldwide leader in IT that helps companies seize the opportunities of tomorrow, has launched a new ad campaign in Cloud Computing Journal. The ad campaign, a webcast titled 'Is Your Data Center Ready for the Application Economy?', focuses on the latest data center networking technologies, including SDN or ACI, and how customers are using SDN and ACI in their organizations to achieve business agility. The Cisco webcast is available on-demand.
Jan. 25, 2015 07:00 PM EST Reads: 1,263
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Jan. 25, 2015 06:15 PM EST Reads: 3,813
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...
Jan. 25, 2015 06:00 PM EST Reads: 2,746
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science from the University of California, Berkeley.
Jan. 25, 2015 06:00 PM EST Reads: 3,020
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. He discussed opportunities and challenges ahead for the IoT from a market and technical point of vie...
Jan. 25, 2015 04:30 PM EST Reads: 3,051
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
Jan. 25, 2015 04:00 PM EST Reads: 2,450
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
Jan. 25, 2015 04:00 PM EST Reads: 1,584
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 devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Jan. 25, 2015 03:00 PM EST Reads: 2,463
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 25, 2015 02:30 PM EST Reads: 2,267
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
Jan. 25, 2015 02:15 PM EST Reads: 2,887
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Jan. 25, 2015 01:00 PM EST Reads: 3,788
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
Jan. 25, 2015 11:00 AM EST Reads: 2,882
As enterprises move to all-IP networks and cloud-based applications, communications service providers (CSPs) – facing increased competition from over-the-top providers delivering content via the Internet and independently of CSPs – must be able to offer seamless cloud-based communication and collaboration solutions that can scale for small, midsize, and large enterprises, as well as public sector organizations, in order to keep and grow market share. The latest version of Oracle Communications Unified Communications Suite gives CSPs the capability to do just that. In addition, its integration ...
Jan. 25, 2015 11:00 AM EST Reads: 2,826
“The age of the Internet of Things is upon us,” stated Thomas Svensson, senior vice-president and general manager EMEA, ThingWorx, “and working with forward-thinking companies, such as Elisa, enables us to deploy our leading technology so that customers can profit from complete, end-to-end solutions.” ThingWorx, a PTC® (Nasdaq: PTC) business and Internet of Things (IoT) platform provider, announced on Monday that Elisa, Finnish provider of mobile and fixed broadband subscriptions, will deploy ThingWorx® platform technology to enable a new Elisa IoT service in Finland and Estonia.
Jan. 25, 2015 11:00 AM EST Reads: 1,486
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
Jan. 25, 2015 10:45 AM EST Reads: 2,957