|By PR Newswire||
|November 6, 2012 06:02 AM EST||
MCLEAN, Virginia, November 6, 2012 /PRNewswire/ --
Increased New Booking Sales as well as Accelerated Execution on Next Generation Mobile and SaaS Security Solutions Highlight Strategic Advances
New Bookings More than Double Year-to-Date versus the Prior Year, Providing an Enhanced Foundation for Growth in 2013
Closing of FRISK Acquisition and Increased Investment Strengthens Antivirus Capabilities
Commtouch® (NASDAQ: CTCH), a leading provider of Internet security technology and cloud-based services, today announced its third quarter financial results for the period ending September 30, 2012.
Third Quarter 2012 Financial Results:
- Revenues totaled $5.6 million compared to $5.7 million for the sequential second quarter of 2012 and $5.9 million in the third quarter of 2011. The decline in revenue was primarily related to the low level of new bookings in the previous fiscal year and a modest decline in the level of activity among select customers who experienced a slowdown in their own underlying businesses.
- Net income in accordance with US Generally Accepted Accounting Principles (US GAAP) was $19,000, compared to net income of $804,000 for the sequential second quarter of 2012 and $887,000 in the third quarter of 2011. The decline in net income was primarily attributable to the impact of acquisition related costs as well as the planned higher level of investment in sales, marketing and engineering expenses associated with the ongoing support of Commtouch's "Software-as-a-Service" strategy rollout and upcoming launch, among other factors.
- GAAP earnings per diluted share were $0.00, compared to $0.03 for the sequential second quarter of 2012 and $0.04 in the third quarter of 2011.
- Non-GAAP net income was $744,000, compared to $1.3 million for the sequential second quarter of 2012 and $1.8 million in the third quarter of 2011.
- Non-GAAP earnings per diluted share were $0.03, compared to $0.05 for the sequential second quarter of 2012 and $0.07 in the third quarter of 2011.
- Commtouch announced the acquisition of FRISK Software International's Antivirus business, accelerating the company's launch of an expanded range of antivirus solutions for the OEM and service provider market. The acquisition closed on October 1, 2012 and will begin to be integrated into Commtouch's full quarterly results beginning in the fourth quarter of 2012.
- Cash used for operating cash activities during the quarter was $1.4 million which included $1.0 million as part of a pre-payment plan to secure a long-term technological supplier agreement which is projected to yield cost effective results in terms of reducing the company's cost of revenue and increasing gross margin.
- Cash as of September 30, 2012 was $17.3 million, compared to $19.8 million as of June 30, 2012. Cash usage during the quarter included the aforementioned $1.0 million pre-paid supplier agreement, $828,000 related to the company's share repurchase program activity during the quarter, as well as increased capital expenditures related to the execution of the company's new SaaS strategy and higher acquisition related expenses, among other factors.
Shlomi Yanai, Commtouch's chief executive officer, stated, "Commtouch made significant progress during the third quarter of 2012 in terms of both execution and advancing our corporate strategy as we anticipate returning to sequential revenue growth beginning in the current fourth quarter of 2012. In terms of execution, our focused sales and marketing efforts generated major success including a significant $2.2 million contract win in Latin America, a geography we've specifically targeted for growth this year. We've also seen increased sales traction across international and U.S. based customers. In fact, over the last two quarters we have successfully secured more new business wins than the preceding 12 months combined and our new bookings have more than doubled year-to-date. This provides, yet another proof point that our improved execution is yielding immediate results."
"This multiple-year backlog includes committed revenue and major upside for the company. Based on the positive impact of these contract wins and the nature of our long-term customer agreements, these multi-year contract wins are on track to begin more significantly contributing to our revenue growth and profitability in the coming quarters. While our third quarter financial results are not yet reflecting the positive impact of the sharp rise in new bookings due to the nature of our subscription based revenue model and the way those contracts ramp, we are making excellent progress with regards to setting the stage growth and improved profitability in 2013."
"In addition to enhanced execution and posting a sharp increase in new bookings activity compared to the year ago, Commtouch made significant progress towards our strategic evolution into a cloud-driven 'security as a service' solutions provider. We remain on track with the planned rollout of Commtouch's new Mobile Security SDK product for Android devices in the current quarter as well as our next generation cloud-based 'security as a service' offerings for web and email which are targeted for release in the first half of 2013. Our progress to date in the development of these new growth engines, and our continued success in significantly increasing Commtouch's new business bookings, are combining to provide us increased confidence in our strategy and a solid foundation for future growth," concluded Mr. Yanai.
Today the company also announced that Mr. Ron Ela has indicated his intention to transition out of his current role as Chief Financial Officer by December 31, 2012. The company has initiated a comprehensive executive search process and intends to appoint the new incoming Chief Financial Officer by year end.
Announced in May of 2012, Commtouch's Board of Directors authorized the initiation of a stock repurchase program of the company's ordinary shares in the open market, in an amount in cash of up to $2.5 million. During the third quarter Commtouch repurchased 297,000 shares at an aggregate cost of approximately $828,000. As of September 30, 2012, approximately 495,000 shares have been repurchased through the program at an aggregate cost of approximately $1.4 million.
For information regarding the non-GAAP financial measures discussed in this release, please see "Use of Non-GAAP Financial Information" and "Reconciliation of Non-GAAP to GAAP Financial Information."
Third Quarter 2012 Business Highlights:
- Commtouch announced the acquisition of FRISK Software International's Antivirus business, helping accelerate the company's strategy to deploy an expanded range of antivirus solutions for the OEM and service provider market, including private label solutions.
- Commtouch's enhanced global sales and marketing team continued to deliver sharply higher new booking activity during the third quarter. Overall, new booking activity over the last six months has already exceeded total new booking activity in the preceding twelve month period. Under Commtouch's long-term agreement model, the majority of contracts signed average approximately three years in length. These new multi-year contracts are expected to begin coming online and positively impacting Commtouch's revenue growth as they ramp in the coming quarters.
- Key new client wins during the quarter reflected our enhanced international sales and marketing penetration, including:
- Highlighting penetration into Latin America, a new managed service provider customer headquartered in Brazil awarded Commtouch a three year contract valued at $2.2 million for Internet security solutions supporting their customers throughout Brazil and Latin America.
- AVG Technologies, a leading vendor of security software, and Commtouch announced a strategic long-term partnership during the quarter. AVG has deployed Commtouch's GlobalView Web URL technology into AVG Family Safety and AVG CloudCare™ underscoring Commtouch's uniquely innovative approach to protection.
- One of the world's leading Internet search engine and web portal companies selected Commtouch to provide targeted URL filtering data services.
- Commtouch was selected by a French provider information security offerings and Unified Threat Management solutions to provide its GlobalView URL Classification Technology in a three year contract.
- In Germany, a provider of custom solutions for optimized security and workflow added Commtouch's Command antivirus solution to their suite of Commtouch solutions.
- Customer renewal activity during the quarter was strong with more than 95% of eligible customers renewing.
Based on the company's nine month year-to-date results and the projected influence of the acquisition of FRISK Software International's Antivirus business which was announced late in the third quarter and closed on October 1, 2012, as well as current expectations for the remainder of 2012, the company is updating its current outlook for 2012. The company now anticipates full year 2012 revenue will be approximately $23.0 million, in line with the prior full year 2011. Commtouch expects to return to sequential revenue growth beginning in the current fourth quarter of 2012. Full year 2012 non-GAAP net income is expected to be greater than $4.0 million as the company accounts for the initial ramp of the FRISK business as well as higher costs associated with the company's investment and integration around FRISK within Commtouch, among other factors.
The above outlook is as of the date of this release, and the company undertakes no obligation to update its estimates in the future.
Use of Non-GAAP Measures
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: share based compensation expenses, amortization and impairment of acquired intangible assets, deferred taxes, acquisition related costs and adjustments to earnout obligation related to the Command antivirus acquisition. The purpose of such adjustments is to give an indication of the company's performance exclusive of non-cash charges and other items that are considered by management to be outside of the company's core operating results. The company's non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP. Company management regularly uses supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions.
These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. The company believes this adjustment is useful to investors as a measure of the ongoing performance of our business. The company believes these non-GAAP financial measures provide consistent and comparable measures to help investors understand the company's current and future operating cash flow performance. These non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies. Reconciliation between results on a GAAP and non-GAAP basis is provided in a table immediately following the Consolidated Statements of Income. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore felt it important to make these non-GAAP adjustments available to investors.
Financial Results Conference Call
The company has scheduled a conference call later today, November 6, 2012 at 10:00 a.m. ET to review the third quarter 2012 operational and financial highlights, as well as walk through a strategic overview of the evolution of the company's growth strategy.
To participate in the call, please dial one of the following access numbers ten minutes prior to the start time of the call:
US Dial-in Number: 1-877-407-9210
International Dial-in Number: +1-201-689-8049
Israel Dial-in Number: 00-800-4626-6666
10:00 a.m. Eastern Time, 7:00 a.m. Pacific Time,
3:00 p.m. UK Time, 5:00 p.m. Israel Time
The call will be simultaneously webcast live from a link on Commtouch's website at http://www.commtouch.com.
For those unable to listen to the live call, a replay of the call will be available from the day after the call in the investor relations section of Commtouch's website.
Commtouch® (NASDAQ: CTCH) is a leading provider of Internet security technology and cloud-based services for vendors and service providers, increasing the value and profitability of our customer's solutions by protecting billions of Internet transactions on a daily basis. With six global data centers and award-winning, patented technology, Commtouch's email, web, and antivirus capabilities easily integrate into our customers' products and solutions, keeping safe over 350 million end users. To learn more, visit http://www.commtouch.com.
• Blog: http://blog.commtouch.com/cafe
• Facebook: http://www.facebook.com/commtouch
• LinkedIn: http://www.linkedin.com/company/commtouch
• Twitter: @Commtouch
Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by Commtouch. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements, including projections about our business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense, and statements including words such as "expect," "plan," "estimate," "anticipate," or "believe" are forward-looking statements. These statements are based on information available to us at the time of the release; we assume no obligation to update any of them. The statements in this release, including the company's expectations that i) new contracts will impact positively the company's revenues during the fourth quarter of 2012 and 2013, ii) the company is on track to release its new offerings, and iii) the company will meet its business outlook for 2012, are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors, including business conditions and growth or deterioration in the Internet market, commerce and the general economy, both domestic as well as international; fewer than expected new-partner relationships; competitive factors, including pricing pressures; technological developments, and products offered by competitors; the ability of our OEM partners to successfully penetrate markets with products integrated with Commtouch technology; a slower than expected acceptance rate for our newer product offerings; availability of qualified staff; and technological difficulties and resource constraints encountered in developing new products, as well as those risks described in the text of this press release and the company's Annual Reports on Form 20-F and reports on Form 6-K, which are available through http://www.sec.gov.
COMMTOUCH SOFTWARE LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In US$ thousands, except per share amounts) Three months ended Nine months ended September 30 September 30 ---------------------- ---------------------- 2012 2011 2012 2011 --------- --------- --------- --------- Unaudited Unaudited Unaudited Unaudited Revenues $5,558 $5,855 $17,125 $17,066 Cost of revenues 917 1,019 2,983 2,967 --------- --------- --------- --------- Gross profit 4,641 4,836 14,142 14,099 --------- --------- --------- --------- Operating expenses: Research and development 1,462 1,342 4,096 3,966 Sales and marketing 1,564 1,138 3,994 3,847 General and administrative 1,550 1,209 4,265 3,106 --------- --------- --------- --------- Total operating expenses 4,576 3,689 12,355 10,919 --------- --------- --------- --------- Operating profit 65 1,147 1,787 3,180 Financial expenses (income), net (63) (15) (150) 44 --------- --------- --------- --------- Income before taxes 128 1,162 1,937 3,136 Income taxes (tax benefit), net 109 275 (95) (187) --------- --------- --------- --------- Net income attributable to ordinary and equivalently participating shareholders $19 $887 $2,032 $3,323 ========= ========= ========= ========= Earnings per share - basic $0.00 $0.04 $0.08 $0.14 ========= ========= ========= ========= Earnings per share - diluted $0.00 $0.04 $0.08 $0.13 ========= ========= ========= ========= Weighted average number of shares outstanding: Basic 24,355 23,605 24,358 23,541 ========= ========= ========= ========= Diluted 24,845 24,726 24,984 24,678 ========= ========= ========= =========
COMMTOUCH SOFTWARE LTD. RECONCILIATION OF SELECTED GAAP MEASURES TO NON GAAP MEASURES (In US$ thousands, except per share amounts) Three months ended Nine months ended September 30 September 30 ---------------------- ----------------------- 2012 2011 2012 2011 --------- --------- --------- --------- Unaudited Unaudited Unaudited Unaudited GAAP operating profit $65 $1,147 $1,787 $3,180 Stock-based compensation(1) 386 281 1,098 865 Other acquisition related costs (2) 220 - 377 53 Amortization of intangible assets(3) 101 110 303 375 Adjustment to earnout obligation(4) - 196 - 196 --------- --------- --------- --------- Non-GAAP operating profit $772 $1,734 $3,565 $4,669 ========= ========= ========= ========= GAAP net income $19 $887 $2,032 $3,323 Stock-based compensation(1) 386 281 1,098 865 Other acquisition related costs(2) 220 - 377 53 Amortization of intangible assets(3) 101 110 303 375 Adjustment to earnout obligation(4) - 220 28 301 Income taxes(5) 18 275 (199) (187) --------- --------- --------- --------- Non-GAAP net income $744 $1,773 $3,639 $4,730 ========= ========= ========= ========= GAAP earnings per share $0.00 $0.04 $0.08 $0.13 Stock-based compensation(1) 0.02 0.01 0.04 0.04 Other acquisition related costs(2) 0.009 - 0.015 0.002 Amortization of intangible assets(3) 0.004 0.004 0.012 0.015 Adjustment to earnout obligation(4) - 0.009 0.001 0.012 Income taxes(5) 0.001 0.011 (0.008) (0.008) --------- --------- --------- --------- Non-GAAP earnings per share $0.03 $0.07 $0.15 $0.19 ========= ========= ========= ========= Numbers of shares used in computing Non-GAAP earnings per share (diluted) 24,845 24,726 24,984 24,678 ========= ========= ========= ========= (1) Stock-based compensation Cost of revenues $9 $5 $27 $17 Research and development 84 72 222 218 Sales and marketing 103 87 269 272 General and administrative 190 117 580 358 --------- --------- --------- --------- $386 $281 $1,098 $865 ========= ========= ========= ========= (2) Other acquisition related costs General and administrative 220 - 377 53 --------- --------- --------- --------- $220 - $377 $53 ========= ========= ========= ========= (3) Amortization of intangible assets Cost of revenues $48 $55 $144 $147 Sales and marketing 53 55 159 228 --------- --------- --------- --------- $101 $110 $303 $375 ========= ========= ========= ========= (4) Adjustment to earnout obligation General and administrative - $196 - $196 Financial expenses (income), net - 24 28 105 --------- --------- --------- --------- - $220 $28 $301 ========= ========= ========= ========= (5) Income taxes Deferred tax asset - tax benefit 18 275 (199) (187) --------- --------- --------- --------- $18 $275 ($199) ($187) ========= ========= ========= =========
COMMTOUCH SOFTWARE LTD. CONDENSED CONSOLIDATED BALANCE SHEETS September 30 December 31 ------------ ------------ 2012 2011 ------------ ------------ Unaudited Audited In US$ thousands Assets: Current Assets: Cash and cash equivalents $17,334 $20,868 Trade receivables 4,328 2,838 Deferred income taxes 2,106 1,996 Prepaid expenses and other accounts receivable 1,147 463 ------------ ------------ Total current assets 24,915 26,165 ------------ ------------ Long-term lease deposits 45 40 Severance pay fund 974 1,031 Property and equipment, net 1,059 885 Deferred income taxes 2,978 2,889 Intangible assets, net 3,201 3,505 Goodwill 3,792 3,792 Investment in affiliate 1,227 1,227 ------------ ------------ Total assets 38,191 39,534 ============ ============ Liabilities and Shareholders' Equity Current Liabilities: Accounts payable 566 551 Employees and payroll accruals 1,439 1,215 Accrued expenses and other liabilities 538 628 Other short term liabilities - 3,372 Deferred revenues 2,631 3,058 ------------ ------------ Total current liabilities 5,174 8,824 ------------ ------------ Deferred revenues 659 694 Accrued severance pay 1,112 1,192 ------------ ------------ Total liabilities 1,771 1,886 ------------ ------------ Shareholders' equity 31,246 28,824 ------------ ------------ Total liabilities and shareholders' equity $38,191 $39,534 ============ ============
COMMTOUCH SOFTWARE LTD. CONDENSED CONSOLIDATED CASH FLOW DATA (In US$ thousands) Three months ended Nine months ended September 30 September 30 --------------------- --------------------- 2012 2011 2012 2011 --------- --------- --------- --------- Cash flow from operating activities Unaudited Unaudited Unaudited Unaudited Net income $19 $887 $2,032 $3,323 Adjustments: Depreciation 155 136 432 414 Compensation related to options issued to employees and consultants 386 281 1,098 848 Amortization of intangible assets 102 111 304 376 Changes in assets and liabilities: Increase in trade receivables (794) (825) (1,490) (468) Decrease (increase) in deferred taxes 18 275 (199) (187) Increase in prepaid expenses and other receivables (848) (241) (684) (134) (Decrease) Increase in accounts payable (113) (126) 38 (177) (Decrease) Increase in employees and payroll accruals, accrued expenses and other liabilities (132) 460 162 562 (Decrease) Increase in deferred revenues (154) 537 (462) (89) (Decrease) Increase in accrued severance pay, net (26) 10 (23) 7 --------- --------- --------- --------- Net cash (used in) provided by operating activities (1,387) 1,505 1,208 4,475 Cash from investing activities Change in long - term lease deposits 6 9 (5) (2) Consideration paid for acquisition of Antivirus business - - (3,400) - Purchase of property and equipment (309) (91) (629) (422) --------- --------- --------- --------- Net cash used in investing activities (303) (82) (4,034) (424) Cash flows from financing activities Buyback of outstanding shares (828) - (1,441) - Proceeds from options and warrants exercised 29 151 733 163 --------- --------- --------- --------- Net cash (used in) provided by financing activities (799) 151 (708) 163 Increase (decrease) in cash and cash equivalents (2,489) 1,574 (3,534) 4,214 Cash and cash equivalents at the beginning of the period 19,823 16,072 20,868 13,432 --------- --------- --------- --------- Cash and cash equivalents at the end of the period $17,334 $17,646 $17,334 $17,646 ========= ========= ========= =========
Chief Financial Officer
Tel: (US) +1-650-864-2291
US Investor Relations Contact
Tel: (US) +1-646-284-9426
IsraelInvestor Relations Contact
Zintel Public Relations
Tel: (US) +1-281-444-1590
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
Sep. 29, 2014 09:30 PM EDT Reads: 1,191
There will be 50 billion Internet connected devices by 2020. Today, every manufacturer has a propriety protocol and an app. How do we securely integrate these "things" into our lives and businesses in a way that we can easily control and manage? Even better, how do we integrate these "things" so that they control and manage each other so our lives become more convenient or our businesses become more profitable and/or safe? We have heard that the best interface is no interface. In his session at Internet of @ThingsExpo, Chris Matthieu, Co-Founder & CTO at Octoblu, Inc., will discuss how these devices generate enough data to learn our behaviors and simplify/improve our lives. What if we could connect everything to everything? I'm not only talking about connecting things to things but also systems, cloud services, and people. Add in a little machine learning and artificial intelligence and now we have something interesting...
Sep. 29, 2014 06:45 AM EDT Reads: 1,795
Last week, while in San Francisco, I used the Uber app and service four times. All four experiences were great, although one of the drivers stopped for 30 seconds and then left as I was walking up to the car. He must have realized I was a blogger. None the less, the next car was just a minute away and I suffered no pain. In this article, my colleague, Ved Sen, Global Head, Advisory Services Social, Mobile and Sensors at Cognizant shares his experiences and insights.
Sep. 28, 2014 09:45 AM EDT Reads: 1,475
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) irreversibly encoded. In his session at Internet of @ThingsExpo, Peter Dunkley, Technical Director at Acision, will look at how this identity problem can be solved and discuss ways to use existing web identities for real-time communication.
Sep. 27, 2014 11:30 PM EDT Reads: 1,823
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT. Attendees will learn real-world benefits of WebRTC and explore future possibilities, as WebRTC and IoT intersect to improve customer service.
Sep. 27, 2014 10:30 PM EDT Reads: 1,755
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 Internet of @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, will share 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, an Open Source Cloud Communications company that helps the shift from legacy IN/SS7 telco networks to IP-based cloud comms. An early investor in multiple start-ups, he still finds time to code for his companies and contribute to open source projects.
Sep. 27, 2014 10:30 PM EDT Reads: 2,230
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
Sep. 27, 2014 09:45 PM EDT Reads: 2,407
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
Sep. 27, 2014 08:45 PM EDT Reads: 2,295
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines.
Sep. 27, 2014 01:00 PM EDT Reads: 1,986
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!
Sep. 27, 2014 11:00 AM EDT Reads: 2,104
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice services to the modern P2P RTC era of OTT cloud assisted services.
Sep. 26, 2014 11:45 PM EDT Reads: 1,464
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 conference participants in three dimensional space. This has been shown to significantly improve comprehension and conference efficiency.
Sep. 26, 2014 10:45 PM EDT Reads: 1,404
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example to explain some of these concepts including when to use different storage models.
Sep. 26, 2014 07:45 PM EDT Reads: 2,241
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
Sep. 26, 2014 06:15 PM EDT Reads: 1,586
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace. These technological reforms have not only changed computers and smartphones, but are also changing the data processing model for all information devices. In particular, in the area known as M2M (Machine-To-Machine), there are great expectations that information with a new type of value can be produced using a variety of devices and sensors saving/sharing data via the network and through large-scale cloud-type data processing. This consortium believes that attaching a huge number of devic...
Sep. 26, 2014 06:00 PM EDT Reads: 1,515
Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies, with a focus on the enterprise, industrial, aerospace, and defense industries. Innodisk is dedicated to serving their customers and business partners. Quality is vitally important when it comes to industrial embedded flash and DRAM storage products. That’s why Innodisk manufactures all of their products in their own purpose-built memory production facility. In fact, they designed and built their production center to maximize manufacturing efficiency and guarantee the highest quality of our products.
Sep. 26, 2014 05:00 PM EDT Reads: 1,514
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital business.
Sep. 26, 2014 10:00 AM EDT Reads: 2,000
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. Download Slide Deck: ▸ Here
Sep. 26, 2014 10:00 AM EDT Reads: 1,469
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
Sep. 26, 2014 09:45 AM EDT Reads: 1,361
With the iCloud scandal seemingly in its past, Apple announced new iPhones, updates to iPad and MacBook as well as news on OSX Yosemite. Although consumers will have to wait to get their hands on some of that new stuff, what they can get is the latest release of iOS 8 that Apple made available for most in-market iPhones and iPads. Originally announced at WWDC (Apple’s annual developers conference) in June, iOS 8 seems to spearhead Apple’s newfound focus upon greater integration of their products into everyday tasks, cross-platform mobility and self-monitoring. Before you update your device, here is a look at some of the new features and things you may want to consider from a mobile security perspective.
Sep. 26, 2014 09:00 AM EDT Reads: 1,349