Welcome!

Web 2.0 Authors: Carmen Gonzalez, Liz McMillan, Elizabeth White, Jim Kaskade, Trevor Parsons

News Feed Item

Limelight Networks(R) Reports Financial Results for the Second Quarter of 2014

Limelight Networks, Inc. (Nasdaq:LLNW) ("Limelight"), a global leader in digital content delivery, today reported revenue of $41.3 million for the quarter ended June 30, 2014, compared to $42.8 million for the second quarter of 2013 and $41.2 million in the first quarter of 2014. The second quarter of 2013 included $3.1 million of revenues from the Company’s Web Content Management business, divested in the fourth quarter of 2013.

On a GAAP basis, the Company reported a loss from continuing operations of $7.1 million or $0.07 per basic share for the second quarter of 2014, compared to a loss of $11.2 million, or $0.12 per basic and fully diluted share in the same period of 2013.

On a non-GAAP basis, net loss was $3.6 million, or $0.04 per basic share for the quarter ended June 30, 2014 compared to a non-GAAP net loss of $7.2 million or $0.07 per basic share in the second quarter of 2013.

EBITDA from continuing operations for the quarter was negative $1.9 million. After adjusting for share based compensation, litigation expense, and acquisition related expenses the Company reported adjusted EBITDA of $1.3 million compared to an adjusted EBITDA loss of $0.5 million in the year ago period.

During the quarter, Limelight purchased 0.5 million shares at an average price of $2.47, in the open market, under its buyback authorization. The Company has $13.8 million remaining under its buyback authorization.

Limelight ended the quarter with 477 employees.

Commenting on the quarter, Chief Executive Officer, Robert Lento said, “I’m pleased with our performance improvements across multiple measures during the quarter. I’m equally pleased with the favorable Supreme Court ruling delivered during the quarter.”

“We continue to make investments to advance our infrastructure capabilities, streamline our business processes flows, improve our reporting and analytics capabilities, and enhance the customer experience. We are seeing higher customer satisfaction, lower customer churn and employee turnover, and improved financial performance,” he added.

Financial Tables

LIMELIGHT NETWORKS, INC.    
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
 
June 30, December 31,
  2014     2013  
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 73,404 $ 85,956
Marketable securities 34,052 32,506
Accounts receivable, net 24,066 21,430
Income taxes receivable 258 371
Deferred income taxes 80 93
Prepaid expenses and other current assets   7,652     8,192  
Total current assets 139,512 148,548
Property and equipment, net 32,562 32,905
Marketable securities, less current portion 40 46
Deferred income taxes, less current portion 1,476 1,307
Goodwill 77,164 77,035
Other intangible assets, net 1,704 2,354
Other assets   5,188     6,103  
Total assets $ 257,646   $ 268,298  
 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 9,282 $ 5,473
Deferred revenue 3,411 3,523
Capital lease obligation 253 466
Income taxes payable 766 799
Other current liabilities   12,079     15,022  
Total current liabilities 25,791 25,283
Capital lease obligation, less current portion 248 358
Deferred income taxes 234 321
Deferred revenue, less current portion 805 1,500
Other long-term liabilities   3,273     3,505  
Total liabilities 30,351 30,967
Commitments and contingencies - -
Stockholders' equity:
Convertible preferred stock, $0.001 par value; 7,500 shares authorized; no shares issued and outstanding - -
Common stock, $0.001 par value; 300,000 shares authorized at June 30, 2014 and December 31, 2013;
98,656 and 97,677 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 99 98
Additional paid-in capital 462,442 458,748
Accumulated other comprehensive loss (888 ) (1,663 )
Accumulated deficit   (234,358 )   (219,852 )
Total stockholders' equity   227,295     237,331  
Total liabilities and stockholders' equity $ 257,646   $ 268,298  
 

LIMELIGHT NETWORKS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
                 
 
Three Months Ended Six Months Ended
 
June 30, March 31, Percent June 30, Percent June 30, June 30, Percent
  2014     2014   Change   2013   Change   2014     2013   Change
 
Revenues $ 41,343   $ 41,170   0 % $ 42,763   -3 % $ 82,512   $ 88,576   -7 %
Cost of revenue:
Cost of services * + 21,130 21,351 -1 % 22,226 -5 % 42,480 44,583 -5 %
Depreciation - network   4,141     4,337   -5 %   6,120   -32 %   8,478     12,800   -34 %
Total cost of revenue +   25,271     25,688   -2 %   28,346   -11 %   50,958     57,383   -11 %
Gross profit + 16,072 15,482 4 % 14,417 11 % 31,554 31,193 1 %
Gross profit percentage 38.9 % 37.6 % 33.7 % 38.2 % 35.2 %
Operating expenses:
General and administrative * + 8,452 7,982 6 % 8,009 6 % 16,434 15,778 4 %
Sales and marketing * 8,951 9,725 -8 % 10,699 -16 % 18,676 21,183 -12 %
Research & development * 4,665 4,368 7 % 5,650 -17 % 9,033 11,391 -21 %
Depreciation and amortization   977     1,066   -8 %   1,442   -32 %   2,043     2,892   -29 %
Total operating expenses +   23,045     23,141   0 %   25,800   -11 %   46,186     51,244   -10 %
 
Operating loss (6,973 ) (7,659 ) -9 % (11,383 ) -39 % (14,632 ) (20,051 ) -27 %
 
Other income (expense):
Interest expense (7 ) (12 ) -42 % (21 ) -67 % (19 ) (48 ) -60 %
Interest income 67 70 -4 % 79 -15 % 137 149 -8 %
Other, net   (195 )   17   -1247 %   143   -236 %   (178 )   711   -125 %
Total other (expense) income   (135 )   75   -280 %   201   -167 %   (60 )   812   -107 %
 
Loss from continuing operations before income taxes (7,108 ) (7,584 ) -6 % (11,182 ) -36 % (14,692 ) (19,239 ) -24 %
Income tax provision   27     56   -52 %   51   -47 %   83     131   -37 %
 
Loss from continuing operations (7,135 ) (7,640 ) -7 % (11,233 ) -36 % (14,775 ) (19,370 ) -24 %
 
Discontinued operations:
Income from discontinued operations, net of income taxes   269     -   NA   -   NA   269     -   NA
 
Net loss $ (6,866 ) $ (7,640 ) -10 % $ (11,233 ) -39 % $ (14,506 ) $ (19,370 ) -25 %
 
Net loss per share:
Basic and diluted
Continuing operations $ (0.07 ) $ (0.08 ) $ (0.12 ) $ (0.15 ) $ (0.20 )
Discontinued operations $ -   $ -   $ -   $ -   $ -  
Total $ (0.07 ) $ (0.08 ) $ (0.12 ) $ (0.15 ) $ (0.20 )
 
Weighted average shares used in per share calculation:
Basic and diluted 98,419 97,946 96,257 98,183 96,538
 
 
 
* Includes share-based compensation (see supplemental table for figures)
 
+ Includes reclassifications to match current year presentation
(See summary of reclassifications for detail)
 

LIMELIGHT NETWORKS, INC.
SUPPLEMENTAL FINANCIAL DATA
(In thousands)
(Unaudited)
           
 
Three Months Ended Six Months Ended
 
June 30, March 31, June 30, June 30, June 30,
  2014     2014     2013     2014     2013  
Supplemental financial data (in thousands):
 
Share-based compensation:
 
Cost of revenues $ 395 $ 424 $ 513 $ 819 $ 1,018
General and administrative 1,518 1,468 1,605 2,986 3,226
Sales and marketing 420 391 595 811 1,258
Research and development   301     296     514     597     1,075  
 
Total share-based compensation $ 2,634   $ 2,579   $ 3,227   $ 5,213   $ 6,577  
 
Depreciation and amortization:
 
Network-related depreciation $ 4,141 $ 4,337 $ 6,120 $ 8,478 $ 12,800
Other depreciation and amortization 639 729 724 1,368 1,442
Amortization of intangible assets   338     337     718     675     1,450  
 
Total depreciation and amortization $ 5,118   $ 5,403   $ 7,562   $ 10,521   $ 15,692  
 
 
Net (decrease) increase in cash, cash equivalents and marketable securities: $ (4,921 ) $ (6,091 ) $ (1,341 ) $ (11,012 ) $ (9,099 )
 
 
End of period statistics:
 
Approximate number of active customers 1,186 1,208 1,358 1,186 1,358
 
Number of employees 477 472 495 477 495
 

LIMELIGHT NETWORKS, INC.
SUMMARY OF RECLASSIFICATIONS
(In thousands)
(Unaudited)
   
 
Three Months Ended Six Months Ended
June 30, June 30,
2013   2013  
Summary of reclassifications (in thousands):
 
Cost of services
As previously reported 21,870 43,923
Reclassification 356   660  
After Reclassification 22,226   44,583  
 
Total cost of revenue
As previously reported 27,990 56,723
Reclassification 356   660  
After reclassifications 28,346   57,383  
 
Gross profit
As previously reported 14,773 31,853
Reclassifications (356 ) (660 )
After reclassifications 14,417   31,193  
 
General and administrative
As previously reported 8,365 16,438
Reclassifications (356 ) (660 )
After reclassifications 8,009   15,778  
 
Total operating expenses
As previously reported 26,156 51,904
Reclassifications (356 ) (660 )
After reclassifications 25,800   51,244  
 

LIMELIGHT NETWORKS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
             
 
Three Months Ended Six Months Ended
 
June 30, March 31, June 30, June 30, June 30,
  2014     2014     2013     2014     2013  
 
Operating activities
Net loss $ (6,866 ) $ (7,640 ) $ (11,233 ) $ (14,506 ) $ (19,370 )
Income from discontinued operations   269     -     -     269     -  
Net loss from continuing operations (7,135 ) (7,640 ) (11,233 ) (14,775 ) (19,370 )
 
Adjustments to reconcile net loss to net cash (used in) provided by operating activities of continuing operations:
Depreciation and amortization 5,118 5,403 7,562 10,521 15,692
Share-based compensation 2,634 2,579 3,227 5,213 6,577
Deferred income taxes (179 ) (23 ) (118 ) (202 ) (289 )
Foreign currency remeasurement loss (gain) 152 (12 ) (284 ) 140 (1,145 )
Loss on sale of property and equipment - - 22 - 22
Accounts receivable charges 352 160 207 512 533
Amortization of premium on marketable securities 113 173 184 286 280
Non cash tax benefit associated with income from discontinued operations (59 ) - - (59 ) -
Changes in operating assets and liabilities:
Accounts receivable (1,169 ) (1,979 ) 2,835 (3,148 ) 1,575
Prepaid expenses and other current assets 1,645 (1,073 ) 878 572 1,963
Income taxes receivable 129 (21 ) 7 108 148
Other assets 311 617 461 928 567
Accounts payable (512 ) 3,808 946 3,296 850
Deferred revenue 24 (831 ) (615 ) (807 ) 1,083
Other current liabilities 153 (2,972 ) 708 (2,819 ) (1,239 )
Income taxes payable (13 ) (106 ) 53 (119 ) 360
Other long term liabilities   (62 )   (173 )   (167 )   (235 )   (282 )
Net cash (used in) provided by operating activities of continuing operations   1,502     (2,090 )   4,673     (588 )   7,325  
 
Investing activities
Purchases of marketable securities (9,486 ) (5,197 ) (7,931 ) (14,683 ) (45,970 )
Maturities of marketable securities 8,485 4,380 5,000 12,865 27,895
Purchases of property and equipment (5,844 ) (3,065 ) (4,519 ) (8,909 ) (7,122 )
Proceeds from sale of discontinued operations   414     -     119     414     119  
Net cash used in investing activities of continuing operations   (6,431 )   (3,882 )   (7,331 )   (10,313 )   (25,078 )
 
Financing activities
Payments on capital lease obligations (163 ) (160 ) (417 ) (323 ) (846 )
Proceeds from exercise of stock options and employee stock plan 617 117 2 734 2
Cash paid for purchase of common stock (1,204 ) - - (1,204 ) (5,512 )
Payment of employee tax withholdings related to restricted stock   (307 )   (864 )   (771 )   (1,171 )   (2,129 )
Net cash used in financing activities of continuing operations   (1,057 )   (907 )   (1,186 )   (1,964 )   (8,485 )
Effect of exchange rate changes on cash and cash equivalents   176     137     (208 )   313     (566 )
Net (decrease) increase in cash and cash equivalents (5,810 ) (6,742 ) (4,052 ) (12,552 ) (26,804 )
Cash and cash equivalents, beginning of period   79,214     85,956     86,163     85,956     108,915  
Cash and cash equivalents, end of period $ 73,404   $ 79,214   $ 82,111   $ 73,404   $ 82,111  
 

Use of Non-GAAP Financial Measures

To evaluate our business, we consider and use Non-GAAP net income (loss) and Adjusted EBITDA as a supplemental measure of operating performance. These measures include the same adjustments that management takes into account when it reviews and assesses operating performance on a period-to-period basis. We consider Non-GAAP net income (loss) to be an important indicator of overall business performance because it allows us to illustrate the impact of the effects of share-based compensation, litigation expenses, amortization of intangibles, acquisition related expenses, gain (loss) on sale of WCM business and discontinued operations. We define EBITDA from continuing operations as GAAP net income (loss) before interest income, interest expense, gain (loss) on sale of WCM business, other income and expense, provision for income taxes, depreciation and amortization, and discontinued operations. We believe that EBITDA from continuing operations provides a useful metric to investors to compare us with other companies within our industry and across industries. We define Adjusted EBITDA as EBITDA from continuing operations adjusted for share-based compensation, litigation expenses and acquisition related expenses. We use Adjusted EBITDA as a supplemental measure to review and assess operating performance. We also believe use of Adjusted EBITDA facilitates investors' use of operating performance comparisons from period to period as well as across companies.

The terms Non-GAAP net income (loss), EBITDA from continuing operations and Adjusted EBITDA are not defined under United States generally accepted accounting principles, or United States GAAP, and are not measures of operating income, operating performance or liquidity presented in accordance with United States GAAP. Our Non-GAAP net income (loss), EBITDA from continuing operations and Adjusted EBITDA have limitations as analytical tools, and when assessing our operating performance, Non-GAAP net income (loss), EBITDA from continuing operations and Adjusted EBITDA should not be considered in isolation, or as a substitute for net income (loss) or other consolidated income statement data prepared in accordance with United States GAAP. Some of these limitations include, but are not limited to:

-- EBITDA from continuing operations and Adjusted EBITDA do not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments;

-- they do not reflect changes in, or cash requirements for, our working capital needs;

-- they do not reflect the cash requirements necessary for litigation costs;

-- they do not reflect the interest expense, or the cash requirements necessary to service interest or principal payments, on our debt that we may incur;

-- they do not reflect income taxes or the cash requirements for any tax payments;

-- although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will be replaced sometime in the future, and EBITDA from continuing operations and Adjusted EBITDA do not reflect any cash requirements for such replacements;

-- while share-based compensation is a component of operating expense, the impact on our financial statements compared to other companies can vary significantly due to such factors as the assumed life of the options and the assumed volatility of our common stock; and

-- other companies may calculate EBITDA from continuing operations and Adjusted EBITDA differently than we do, limiting their usefulness as comparative measures.

We compensate for these limitations by relying primarily on our GAAP results and using Non-GAAP net income (loss) and Adjusted EBITDA only as supplemental support for management's analysis of business performance. Non-GAAP net income (loss), EBITDA from continuing operations and Adjusted EBITDA are calculated as follows for the periods presented in thousands:

Reconciliation of Non-GAAP Financial Measures

In accordance with the requirements of Regulation G issued by the Securities and Exchange Commission, the Company is presenting the most directly comparable GAAP financial measures and reconciling the non-GAAP financial metrics to the comparable GAAP measures.

LIMELIGHT NETWORKS, INC.
Reconciliation of U.S. GAAP Net Loss to Non-GAAP Net Loss
(In thousands)
(Unaudited)
         
 
Three Months Ended Six Months Ended
 
June 30, March 31, June 30, June 30, June 30,
  2014     2014     2013     2014     2013  
 
U.S. GAAP net loss $ (6,866 ) $ (7,640 ) $ (11,233 ) $ (14,506 ) $ (19,370 )
 
Share-based compensation 2,634 2,579 3,227 5,213 6,577
Litigation defense expenses 536 273 109 809 151
Amortization of intangible assets 338 337 718 675 1,450
Loss on sale of the Web Content Management business - 62 - 62 -
Acquisition related expenses - - (9 ) - (33 )
Income from discontinued operations   (269 )   -     -     (269 )   -  
 
Non-GAAP net loss $ (3,627 ) $ (4,389 ) $ (7,188 ) $ (8,016 ) $ (11,225 )
 
LIMELIGHT NETWORKS, INC.
Reconciliation of U.S. GAAP Net Loss to EBITDA to Adjusted EBITDA
(In thousands)
(Unaudited)
           
 
Three Months Ended Six Months Ended
 
June 30, March 31, June 30, June 30, June 30,
  2014     2014     2013     2014     2013  
 
U.S. GAAP net loss $ (6,866 ) $ (7,640 ) $ (11,233 ) $ (14,506 ) $ (19,370 )
 
Depreciation and amortization 5,118 5,403 7,562 10,521 15,692
Interest expense 7 12 21 19 48
Loss on sale of the Web Content Management business - 62 - 62

-

Interest and other expense (income) 128 (149 ) (222 ) (21 ) (860 )
Income tax provision 27 56 51 83 131
Income from discontinued operations   (269 )   -     -     (269 )   -  
 
EBITDA from continuing operations (1,855 ) (2,256 ) (3,821 ) (4,111 ) (4,359 )
 
Share-based compensation 2,634 2,579 3,227 5,213 6,577
Litigation defense expenses 536 273 109 809 151
Acquisition related expenses   -     -     (9 )   -     (33 )
 
Adjusted EBITDA (loss) $ 1,315   $ 596   $ (494 ) $ 1,911   $ 2,336  
 

Conference Call

At approximately 4:30 p.m. EST (1:30 p.m. PST) today, management will host a quarterly conference call for investors. Investors can access this call toll-free at 877-388-8480 within the United States or +1 678-809-1592 outside of the U.S. The conference call will also be audiocast live from http://www.limelight.com and a replay will be available following the call from the Company's website.

Safe-Harbor Statement

This press release contains forward-looking statements concerning, among other things, the outlook for the Company's revenues, net loss and stock-based compensation expenses, customer growth, market growth, pricing pressures, expansion into additional market segments, product and services improvements, the integration of acquired businesses and litigation and acquisition related expenses. Forward-looking statements represent the current judgment and expectations of Limelight Networks and are not guarantees and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks and uncertainties discussed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission and the final review of the results and amendments and preparation of quarterly or annual financial statements, including consultation with our outside auditors. Accordingly, readers are cautioned not to place undue reliance on any forward-looking statements. The Company assumes no duty or obligation to update or revise any forward-looking statements for any reason.

About Limelight

Limelight Networks (NASDAQ: LLNW), a global leader in digital content delivery, empowers customers to better engage digital audiences by enabling them to manage and deliver digital content on any device, anywhere in the world. The Company's award winning Limelight Orchestrate™ platform includes an integrated suite of content delivery technology and services that helps organizations deliver exceptional multi-screen experiences, improve brand awareness, drive revenue, and enhance customer relationships — all while reducing costs. For more information, please visit www.limelight.com, read our blog, and be sure to follow us on Twitter at www.twitter.com/llnw.

Copyright (C) 2014 Limelight Networks, Inc. All rights reserved. All product or service names are the property of their respective owners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
IoT is still a vague buzzword for many people. In his session at Internet of @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, will discuss the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. The presentation will also discuss how IoT is perceived by investors and how venture capitalist access this space. Other topics to discuss are barriers to success, what is new, what is old, and what the future may hold.
Whether you're a startup or a 100 year old enterprise, the Internet of Things offers a variety of new capabilities for your business. IoT style solutions can help you get closer your customers, launch new product lines and take over an industry. Some companies are dipping their toes in, but many have already taken the plunge, all while dramatic new capabilities continue to emerge. In his session at Internet of @ThingsExpo, Reid Carlberg, Senior Director, Developer Evangelism at salesforce.com, to discuss real-world use cases, patterns and opportunities you can harness today.
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!
Noted IoT expert and researcher Joseph di Paolantonio (pictured below) has joined the @ThingsExpo faculty. Joseph, who describes himself as an “Independent Thinker” from DataArchon, will speak on the topic of “Smart Grids & Managing Big Utilities.” Over his career, Joseph di Paolantonio has worked in the energy, renewables, aerospace, telecommunications, and information technology industries. His expertise is in data analysis, system engineering, Bayesian statistics, data warehouses, business intelligence, data mining, predictive methods, and very large databases (VLDB). Prior to DataArcho...
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.
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 thes...
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.
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) ir...
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 rea...
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 ...
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.
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.
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 mach...
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 s...
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 comprehe...
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...
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 Gridsto...