Click here to close now.

Welcome!

Agile Computing Authors: Liz McMillan, Carmen Gonzalez, Harry Trott, Lacey Thoms, Adrian Bridgwater

News Feed Item

International Commercial Television, Inc. Reports Second Quarter 2014 Financial Results

Return to Profitability; Continued Expansion of Product Portfolio & Sales Channels; Conference Call Begins Today at 4:30pm EDT

WAYNE, PA--(Marketwired - August 12, 2014) - International Commercial Television, Inc. (OTCQB: ICTL) (CNSX: ITV) (or "ICTV" or the "Company"), a direct response marketing and branding company focused on the health, wellness and beauty sector, today reported financial results for the three months ended June 30, 2014. Also, of note, the corporate name change to ICTV Brands, Inc. is expected to become effective August 20, 2014.

Second Quarter 2014 Highlights:

  • Adjusted EBITDA of $552,000, excluding non-cash stock-based compensation
  • Operating income of $160,000
  • Operating income included $155,000 of product development and production expenditures associated with new product expansion
  • Positive cash flow from operating activities of $477,000
  • Current working capital ratio improves to 2.5X
  • Increased cash balance to $1.9 million, from $1.7 million at the end of the first quarter
  • Closed on a one year $500,000 credit facility with JPMorgan Chase Bank
  • Attained Canadian Stock Exchange listing in April
  • Continued to expand DermaWand's multi-channel distribution, including international and retail
  • DermaWand next-generation device on track to be ready by end of 2014
  • Added Doug Crouthers as Director of International Sales
  • Increased international distribution, including France, Hungary, Croatia and Bosnia-Herzegovina
  • Coral Actives nearing re-launch and marketing campaign
  • Derma Brilliance positive data from completed clinical study and new marketing efforts

Kelvin Claney, Chairman and Chief Executive Officer, stated, "We are pleased with our second quarter results and the Company's continued growth. Our new corporate identity of 'ICTV Brands' is at a major inflection point, having progressed from a one product DermaWand company to a family of branded products in the health, wellness and beauty sector. I am confident that we have the right team and infrastructure in place to continue to build a diversified product portfolio which will position the Company for even greater success in the coming years." 

Financial Results:
Revenues for the three and six months ended June 30, 2014 decreased due to management's calculated decision to lower its DermaWand media marketing spend during a slower response period. One of the driving factors was a decrease in the airings of the Spanish language version of the DermaWand infomercial. ICTV is in the process of creating a new version of the Spanish language show, which is expected to air in the fourth quarter of 2014. In addition, the Company did not air on live televised home shopping in the first six months of 2014, but expects to resume airings in the third quarter of 2014.

The Company continues to invest in production and research and development related expenditures. In January 2014, ICTV launched a clinical trial for Derma Brilliance, a new cosmetic skincare resurfacing device system, which is expected to launch in September 2014. In May 2014, ICTV launched a clinical trial for Coral Actives, an acne-care product line. In addition, ICTV began a double blind placebo test in Europe on the DermaWand, with the goal of opening new markets around the world in the fourth quarter of 2014. Elastin-rp, one of the Company's skin-care lines, launched its media campaign in January 2014, resulting in all related production expenditures being incurred in the first half of 2014. Other production expenses included a new short-form spot for the DermaWand campaign and high-definition enhancements to the long-form infomercial.

Second Quarter 2014 Compared to Second Quarter 2013:
Revenues for the second quarter ended June 30, 2014 were $7.8 million, compared to $10.5 million for the second quarter of 2013. International revenue to third-party distributors grew by 58% to $2.0 million. Gross profit margin of 68.6% was realized in the second quarter 2014, slightly down from 71.8% a year earlier. Operating income for the second quarter was $160,000 compared to $367,000 in the second quarter of 2013. Of note, operating income for the second quarter 2014 included non-cash expenses and investment (research and development and new production) of approximately $546,000, which represents a $109,000 increase from the second quarter of 2013. These second quarter 2014 expenses were comprised of stock based compensation expense of approximately $391,000, product development and clinical testing expenditures of approximately $81,000, and new production expenses of approximately $74,000.

Net income for the second quarter was $159,000, compared to net income of $649,000 in the second quarter of 2013. The resulting EPS is $0.01, as compared to $0.03 in the comparable quarter a year earlier. Adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) was $552,000. 

Six Months Ended June 30, 2014 Compared to Six Months Ended June 30, 2013:
Revenues for the six months ended June 30, 2014 were $17.6 million, compared to $22.9 million for the six months ended June 30, 2013. International revenue to third-party distributors grew by 31% to $2.9 million. Gross profit margin of 71.5 percent was realized in the first half of 2014, as compared to 71.8 percent a year earlier. Operating loss for the six months ended June 30, 2014 was $312,000, compared to an operating profit of $1.9 million in the six months ended June 30, 2013. Of note, the operating income for the first half of 2014 included non-cash expenses and investment (research and development and new production) of approximately $981,000, which represents a $520,000 increase from the first half of 2013. These first half 2014 expenses were comprised of stock based compensation expense of approximately $590,000, product development and clinical testing expenditures of approximately $225,000, and new production expenses of approximately $166,000. 

Net loss for the six months ended June 30, 2014 was $356,000, compared to net income of $1.8 million in the six months ended June 30, 2013. The resulting EPS is ($0.02), as compared to $0.08 in the comparable quarter a year earlier. Adjusted EBITDA was $248,000. 

Balance Sheet as of June 30, 2014:
As of June 30, 2014, the Company had $1.9 million in cash, compared to $1.3 million at December 31, 2013, and reflects continued investment in expenditures on new product acquisition and development. The Company had working capital of $3,200,000 at June 30, 2014, compared to $2,900,000 at December 31, 2013, which demonstrates our strong short-term liquidity. We have also reached a positive shareholders' equity of approximately $2.6 million, up from $2.1 million at the end of the first quarter 2014. The note payable to shareholder was reduced by $40,000 in the second quarter to a balance of $154,000. In addition, we generated positive cash flows from operations of approximately $477,000 in the six months ended June 30, 2014. Subsequent to the end of the quarter, on July 2, we closed on a one year $500,000 Credit Facility with JPMorgan Chase Bank. While there are no current plans to utilize the Credit Facility, we have access to it for working capital and other general corporate purposes as needed. 

Richard Ransom, President, stated, "I am encouraged about our return to profitability in the second quarter, while continuing to invest in our growth for the future. In addition to advancing our new brands to market, as a company we have made great strides this quarter in developing new distribution channels for our products in the areas of social media marketing, live television shopping and retail. We are targeting continued growth in 2014 and a goal of becoming a $100mm+ revenue company in the next 2-3 years."

Conference Call
ICTV will hold a conference call to discuss the Company's second quarter 2014 results and answer questions today, August 12, 2014, beginning at 4:30pm EDT. The call will be open to the public and will have a corporate update presented by ICTV's Chairman and Chief Executive Officer, Kelvin Claney, President, Richard Ransom and Chief Financial Officer, Ryan LeBon, followed by a question and answer period.

The live conference call can be accessed by dialing (866) 952-1906 or (785) 424-1825. Participants should ask for the International Commercial Television Earnings Conference Call. Participants are recommended to dial-in approximately 10 minutes prior to the start of the event. A replay of the call will be available approximately two hours after completion through August 26, 2014. To listen to the replay, dial (800) 695-0715 (domestic) or (402) 220-1423 (international). The conference call transcript will be posted to the Company's corporate website (http://www.ictvonline.com) for those who are unable to attend the live call.

About International Commercial Television, Inc.
International Commercial Television, Inc. sells various health, wellness and beauty products through infomercials and other channels primarily in the United States. ICTV utilizes a distinctive marketing strategy and multi-channel distribution model to develop, market and sell products through infomercials, live home shopping television, specialty outlets and online shopping. It offers health and beauty products, including DermaWand, a skin care device that reduces the appearance of fine lines and wrinkles, and helps improves skin tone and texture; and DermaVitál, a professional quality skin care range that effects superior hydration. International Commercial Television Inc. was founded in 1993 and headquartered in Wayne, Pennsylvania.

Non-GAAP Financial Information
Adjusted EBITDA is defined as income from continuing operations before depreciation, amortization, interest expense, interest income, and stock-based compensation. Adjusted EBITDA is not intended to replace operating income, net income, cash flow or other measures of financial performance reported in accordance with generally accepted accounting principles. Rather, Adjusted EBITDA is an important measure used by management to assess the operating performance of the Company. Adjusted EBITDA as defined here may not be comparable to similarly titled measures reported by other companies due to differences in accounting policies. 

Forward-Looking Statements
The matters discussed in this press release may contain "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). The Company intends that the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, apply to forward-looking statements made by ICTV. Undue reliance should not be placed on forward-looking statements as they may involve risks and uncertainties. The actual results that ICTV achieves may differ materially from any forward-looking statements due to such risks and uncertainties.

-- Financial Statements follow --

INTERNATIONAL COMMERCIAL TELEVISION INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF

                                                                            
                                                June 30,      December 31,  
                                                  2014            2013      
                                              -----------   ----------------
                                              (Unaudited)                   
                   ASSETS                                                   
                                                                            
CURRENT ASSETS:                                                             
Cash and cash equivalents                    $  1,923,158  $       1,370,178
Cash held in escrow                                36,321             62,924
Accounts receivable, net of allowances for                                  
 returns and doubtful accounts of $220,000                                  
 and $446,307, respectively                       682,127            791,292
Inventories, net                                2,111,067          1,778,073
Prepaid expenses and other current assets         655,754            733,427
                                              -----------   ----------------
Total current assets                            5,408,427          4,735,894
                                              -----------   ----------------
                                                                            
Furniture and equipment                            61,573             81,507
Less accumulated depreciation                    (38,548)           (66,712)
                                              -----------   ----------------
Furniture and equipment, net                       23,025             14,795
                                              -----------   ----------------
                                                                            
Other assets                                        2,969             21,297
                                              -----------   ----------------
                                                                            
Total assets                                 $  5,434,421  $       4,771,986
                                              ===========   ================
                                                                            
    LIABILITIES AND SHAREHOLDERS' EQUITY                                    
CURRENT LIABILITIES:                                                        
Accounts payable and accrued liabilities     $  1,442,431  $       1,391,342
Severance payable - short-term                     40,800             40,800
Deferred revenue - short-term                     709,170            242,827
Tax penalties payable                                   -            190,000
                                              -----------   ----------------
Total current liabilities                       2,192,401          1,864,969
                                              -----------   ----------------
                                                                            
Severance payable - long-term                      26,600             47,000
Deferred revenue - long-term                      477,895            386,821
Convertible note payable to shareholder -                                   
 long-term                                        153,723            393,723
                                              -----------   ----------------
Total long-term liabilities                       658,218            827,544
                                              -----------   ----------------
                                                                            
COMMITMENTS AND CONTINGENCIES                                               
                                                                            
SHAREHOLDERS' EQUITY:                                                       
Preferred stock 20,000,000 shares                                           
 authorized, no shares issued and                                           
 outstanding                                            -                  -
Common stock, $0.001 par value, 100,000,000                                 
 shares authorized, 23,163,316 and                                          
 21,826,650 shares issued and outstanding                                   
 as of June 30, 2014 and December 31, 2013,                                 
 respectively                                      12,952             11,616
Additional paid-in-capital                      8,535,495          7,676,177
Accumulated deficit                           (5,964,645)        (5,608,320)
                                              -----------   ----------------
                                                                            
Total shareholders' equity                      2,583,802          2,079,473
                                              -----------   ----------------
                                                                            
Total liabilities and shareholders' equity   $  5,434,421  $       4,771,986
                                              ===========   ================
                                                                            

INTERNATIONAL COMMERCIAL TELEVISION INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

                                                                            
                                    (Unaudited)             (Unaudited)     
                                  For the three            For the six      
                                   months ended            months ended     
                              ----------------------  ----------------------
                               June 30,    June 30,    June 30,    June 30, 
                                 2014        2013        2014        2013   
                              ----------  ----------  ----------  ----------
                                                                            
NET SALES                    $ 7,817,060 $10,455,115 $17,639,560 $22,855,348
                                                                            
COST OF SALES                  2,454,307   2,943,979   5,033,939   6,450,836
                              ----------  ----------  ----------  ----------
                                                                            
GROSS PROFIT                   5,362,753   7,511,136  12,605,621  16,404,512
                              ----------  ----------  ----------  ----------
                                                                            
OPERATING EXPENSES:                                                         
General and administrative     1,874,491   2,020,865   3,822,797   3,955,458
Selling and marketing          3,327,820   5,123,128   9,127,668  10,550,867
                              ----------  ----------  ----------  ----------
Total operating expenses       5,202,311   7,143,993  12,950,465  14,506,325
                              ----------  ----------  ----------  ----------
                                                                            
OPERATING INCOME (LOSS)          160,442     367,143   (344,844)   1,898,187
                                                                            
INTEREST EXPENSE, NET            (1,526)     (5,970)     (4,896)    (12,675)
                              ----------  ----------  ----------  ----------
                                                                            
INCOME (LOSS) BEFORE                                                        
 PROVISION (BENEFIT) FOR                                                    
 INCOME TAX                      158,916     361,173   (349,740)   1,885,512
                                                                            
PROVISION (BENEFIT) FOR                                                     
 INCOME TAXES                          -   (287,736)     (6,585)      68,044
                              ----------  ----------  ----------  ----------
                                                                            
NET INCOME (LOSS)            $   158,916 $   648,909 $ (356,325) $ 1,817,468
                              ==========  ==========  ==========  ==========
                                                                            
NET INCOME (LOSS) PER SHARE                                                 
BASIC                        $      0.01 $      0.03 $    (0.02) $      0.09
                              ----------  ----------  ----------  ----------
DILUTED                      $      0.01 $      0.03 $    (0.02) $      0.08
                              ----------  ----------  ----------  ----------
                                                                            
WEIGHTED AVERAGE NUMBER OF                                                  
 COMMON SHARES                                                              
BASIC                         23,163,316  21,706,087  22,860,959  21,360,600
                              ----------  ----------  ----------  ----------
DILUTED                       25,995,925  24,533,069  22,860,959  24,018,364
                              ----------  ----------  ----------  ----------
                                                                            

INTERNATIONAL COMMERCIAL TELEVISION INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2014 AND 2013
(Unaudited)

                                                                            
                                                       2014         2013    
                                                    ----------   ---------- 
                                                                            
CASH FLOWS FROM OPERATING ACTIVITIES:                                       
  Net income (loss)                                $  (356,325) $ 1,817,468 
    Adjustments to reconcile net income (loss) to                           
     net cash and cash equivalents provided by                              
     (used in) operating activities:                                        
      Depreciation                                       2,764        7,599 
      Bad debt expense                               1,015,856    1,754,814 
      Share based compensation                         590,295      306,082 
      Reduction in tax penalties payable               (85,933)     (80,000)
Change in assets and liabilities                                            
      Accounts receivable                             (906,691)  (1,992,796)
      Inventories                                     (332,994)    (719,022)
      Prepaid expenses and other assets                 65,498     (164,410)
      Accounts payable and accrued liabilities          51,089   (1,216,313)
      Severance payable                                (20,400)     (20,400)
      Tax provision payable                                  -     (128,299)
      Tax penalties payable                           (104,067)           - 
      Deferred revenue                                 557,417       74,211 
                                                    ----------   ---------- 
      Net cash provided by (used in) operating                              
       activities                                      476,509     (361,066)
                                                    ----------   ---------- 
                                                                            
CASH FLOWS FROM INVESTING ACTIVITIES:                                       
    Purchase of fixed assets                           (10,995)     (10,250)
                                                    ----------   ---------- 
      Net cash used in investing activities            (10,995)     (10,250)
                                                    ----------   ---------- 
                                                                            
CASH FLOWS FROM FINANCING ACTIVITIES:                                       
    Proceeds from exercise of options                   46,280       96,200 
    Proceeds from exercise of warrants                 129,583            - 
    Payments on note payable                                 -      (30,169)
    Payments on convertible note payable to                                 
     shareholder                                      (115,000)     (85,000)
                                                    ----------   ---------- 
      Net cash provided by (used in) financing                              
       activities                                       60,863      (18,969)
                                                    ----------   ---------- 
                                                                            
NET INCREASE (DECREASE) IN CASH AND CASH                                    
 EQUIVALENTS                                           526,377     (390,285)
                                                                            
CASH AND CASH EQUIVALENTS, beginning of the period   1,433,102      908,366 
                                                    ----------   ---------- 
                                                                            
CASH AND CASH EQUIVALENTS, end of the period       $ 1,959,479  $   518,081 
                                                    ==========   ========== 
                                                                            
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:                           
    Taxes paid                                     $     6,585  $   145,530 
                                                    ==========   ========== 
    Tax penalties and interest paid                $   104,067  $         - 
                                                    ==========   ========== 
    Interest paid                                  $     5,819  $    12,924 
                                                    ==========   ========== 
    Write off of fully depreciated assets          $    30,928  $         - 
                                                    ==========   ========== 
    Conversion of shareholder note payable         $   125,000  $         - 
                                                    ==========   ========== 
                                                                            

Contact Information
International Commercial Television, Inc.
Rich Ransom
Email contact
484-598-2313

Hayden IR
Email contact
917-658-7878

Kirk Gamley
Contact Financial Corp.
Phone: 604-689-7422
E-mail: Email contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
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, discussed 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 t...
We’re entering a new era of computing technology that many are calling the Internet of Things (IoT). Machine to machine, machine to infrastructure, machine to environment, the Internet of Everything, the Internet of Intelligent Things, intelligent systems – call it what you want, but it’s happening, and its potential is huge. IoT is comprised of smart machines interacting and communicating with other machines, objects, environments and infrastructures. As a result, huge volumes of data are being generated, and that data is being processed into useful actions that can “command and control” thi...
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, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
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) i...
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver 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. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
Thanks to widespread Internet adoption and more than 10 billion connected devices around the world, companies became more excited than ever about the Internet of Things in 2014. Add in the hype around Google Glass and the Nest Thermostat, and nearly every business, including those from traditionally low-tech industries, wanted in. But despite the buzz, some very real business questions emerged – mainly, not if a device can be connected, or even when, but why? Why does connecting to the cloud create greater value for the user? Why do connected features improve the overall experience? And why do...
SYS-CON Events announced today that O'Reilly Media has been named “Media 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 City, NY. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An active participa...
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust IT industrialization – allowing customers to provide amazing user experiences with optimized IT per...
Imagine a world where targeting, attribution, and analytics are just as intrinsic to the physical world as they currently are to display advertising. Advances in technologies and changes in consumer behavior have opened the door to a whole new category of personalized marketing experience based on direct interactions with products. The products themselves now have a voice. What will they say? Who will control it? And what does it take for brands to win in this new world? In his session at @ThingsExpo, Zack Bennett, Vice President of Customer Success at EVRYTHNG, will answer these questions a...
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
The multi-trillion economic opportunity around the "Internet of Things" (IoT) is emerging as the hottest topic for investors in 2015. As we connect the physical world with information technology, data from actions, processes and the environment can increase sales, improve efficiencies, automate daily activities and minimize risk. In his session at @ThingsExpo, Ed Maguire, Senior Analyst at CLSA Americas, will describe what is new and different about IoT, explore financial, technological and real-world impact across consumer and business use cases. Why now? Significant corporate and venture...
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...
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...
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, will analyze how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Pay...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
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! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...