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Intrinsyc Reports 2012 Third Quarter Financial Results

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/08/12 -- Intrinsyc Software International, Inc. (TSX:ICS) ("Intrinsyc" or the "Company"), developer of intelligent connected devices, today announced its financial results for the third quarter ended September 30, 2012, reported in United States dollars and in accordance with International Financial Reporting Standards ("IFRS"). The Company's results are presented in comparison to the three months ended June 30, 2012 and the three months ended September 30, 2011, also in accordance with IFRS.

Intrinsyc achieved revenue of approximately $1.6 million in the third quarter, 24% lower than in the previous quarter, with lower operating expenses. The Company reported negative EBITDA(1) of $94,356 and a Net Loss of $227,936.

"Revenue was lower in the quarter corresponding with a reduction in engineering capacity and decline from navigation software," stated Tracy Rees, President and Chief Executive Officer of Intrinsyc. "We are addressing our declining revenue through the development of new products that can provide recurring revenue, including the recently announced DragonBoard(TM) Development Kit and production ready Open-Q(TM) System on Module. These products complement our engineering services business and offer broader customer opportunities."

(1) Non-IFRS measure that does not have a standardized meaning and may not be comparable to a similar measure disclosed by other issuers. This measure does not have a comparable IFRS measure. EBITDA referenced here relates to operating loss less other operating expenses. Please refer to the reconciliation of EBITDA to reported financial results attached to this press release.

Three Month Comparative Results

The Company reported revenue of approximately $1.6 million for three months ended September 30, 2012 as compared to approximately $2.2 million for the three months ended June 30, 2012 and approximately $2.8 million in the period ended September 30, 2011. Total revenue attributable to the Company's Software Solutions was 28% of revenues, including software licensing, maintenance/support and software-related services, as compared to 18% and 25% in the respective comparative quarters ended June 30, 2012 and September 30, 2011. Gross margin(2) was 42% in the three months ended September 30, 2012, which was slightly lower than 43% in the three months ended June 30, 2012 and lower than the gross margin experienced of 56% in the three months ended September 30, 2011.

Total expenses (excluding other operating expenses)(3) for the three months ended September 30, 2012 were approximately $781,000 which was a decrease of 28% over the preceding three months ended June 30, 2012 and 29% decrease over the three months ended September 30, 2011.

EBITDA for the three months ended September 30, 2012 was ($94,356) compared to ($143,703) in the previous three months ended June 30, 2012 and $452,121 for the three months ended September 30, 2011.

(2) Non-IFRS measure that does not have a standard meaning and may not be comparable to a similar measure disclosed by other issuers. Gross Margin referenced here relates to revenues less cost of sales.

(3) Non-IFRS measure that does not have a standard meaning and may not be comparable to a similar measure disclosed by other issuers. Total Expenses excludes other operating expenses.

Nine Month Comparative Results

The Company reported revenue of approximately $6.0 million for the nine months ended September 30, 2012 as compared to approximately $7.7 million for the nine months ended September 30, 2011. Total revenue attributable to the Company's Software Solutions decreased to 22% of revenues, including software licensing, maintenance/support and software-related services, as compared to 30% in the respective comparative period which is primarily due to the decline in the Company's navigation business. Gross margin was 41% for the nine months ended September 30, 2012, a decrease from 54% for the nine months ended September 30, 2011.

Total operating expenses (excluding other operating expenses) for the nine months ended September 30, 2012 were approximately $2.9 million, compared to approximately $3.5 million for the nine months ended September 30, 2011.

EBITDA for the nine months ended September 30, 2012 was ($442,119) compared to $718,003 for the nine months ended September 30, 2011.

Working capital(4) as of September 30, 2012 was approximately $11.8 million (which included cash and cash equivalents of approximately $7.6 million and short-term investments of approximately $4.5 million). This is compared to net working capital of approximately $11.9 million as of December 31, 2011 (which included cash and cash equivalents of approximately $9.4 million and short-term investments of approximately $2.7 million).

(4) Non-IFRS measure that does not have a standardized meaning and may not be comparable to a similar measure disclosed by other issuers. This measure does not have a comparable IFRS measure. Working Capital is defined as current assets less current liabilities.

Business Highlights

Notable events, developments, and achievements during the third quarter include the following:


--  Announced the development of the DragonBoard Development Kit and OPEN-Q
    System-on-Module ("SOM").  

--  Showcased the DragonBoard and Open-Q SOM in Qualcomm's booth, at the
    Design East Conference, at the Hynes Convention Center, Boston, MA, from
    September 17-20, 2012. 

--  Released 64-bit version of its market leading bi-directional Java-COM
    bridging software, "J-Integra®." 

Conference call

The Company will release its fiscal third quarter financial results on Thursday, November 8, 2012 at 4:00 p.m. Eastern Time (1:00 p.m. Pacific Time). The company will hold a conference call to discuss the financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) the same day. On the call, Tracy Rees, President and Chief Executive Officer, and George Reznik, Chief Financial Officer, will discuss the financial results announced. This conference call may be accessed, toll-free, by dialing 1-866-226-1793, and internationally by dialing 1-416-340-2218 approximately 10 minutes prior to the start of the call. This conference line is operator assisted and an access PIN is not required. The conference call will also be broadcast live over the Internet and available for replay on the Company's Investor Relations Conference Calls web page (www.intrinsyc.com/investors/conference_calls.aspx). Analysts and investors are invited to participate on the call. Questions may be submitted to [email protected] prior to the call.

The Audit Committee of the Company has reviewed the contents of this news release.

Non-IFRS Measures

The following and preceding discussion of financial results includes reference to Gross Margin, Total Expenses (excluding other operating expenses), EBITDA and Working Capital, which are all non-IFRS financial measures. The measure of gross margin is provided as management believes this is a good indicator in evaluating the operating performance of the Company. Total expenses excluding other operating expenses is provided as a proxy for cash expenses incurred from the operations of the business. EBITDA is defined as operating loss less other operating expenses. The measure is provided as a proxy for the cash earnings from the operations of the business as operating loss for the Company includes non-cash amortization and depreciation expense, share-based compensation and restructuring which are classified as other operating expenses. The measure of working capital is provided as management believes this is a good indicator of the operating liquidity available to the Company.

Forward-Looking Statements

This press release contains statements which, to the extent that they are not recitations of historical fact, may constitute forward-looking information under applicable Canadian securities legislation that involve risks and uncertainties. Such forward-looking statements or information may include financial and other projections as well as statements regarding the Company's future plans, objectives, performance, revenues, growth, profits, operating expenses or the company's underlying assumptions. The words "may", "would", "could", "will", "likely", "expect," "anticipate," "intend", "plan", "forecast", "project", "estimate" and "believe" or other similar words and phrases may identify forward-looking statements or information. Persons reading this press release are cautioned that such statements or information are only predictions, and that the Company's actual future results or performance may be materially different. Factors that could cause actual events or results to differ materially from those suggested by these forward-looking statements include, but are not limited to: the need to develop, integrate and deploy software solutions to meet the Company's customer's requirements; the possibility of development or deployment difficulties or delays; the dependence on the Company's customer's satisfaction; the timing of entering into significant contracts; customers' continued commitment to the deployment of the Company's solutions; the performance of the global economy and growth in software industry sales; market acceptance of the Company's products and services; the success of certain business combinations engaged in by the Company or by its competitors; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to international expansion; concentration of sales; international operations and sales; dependence upon key personnel and hiring; reliance on a limited number of suppliers; industry growth; competition; intellectual property; product defects and product liability; currency exchange rate risk; and other factors described in the Company's reports filed on SEDAR, including its Annual Information Form and financial report for the year ended December 31, 2011. This list is not exhaustive of the factors that may affect the Company's forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. All forward-looking statements made in this press release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by the Company will be realized. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

About Intrinsyc Software International, Inc.

Intrinsyc is a product development company that brings to market next generation intelligent connected devices, from smartphones and tablets, to emerging categories of Machine-to-Machine ("M2M") solutions. Intrinsyc is helping to lead the way to a networked society with 50 billion intelligent connected devices expected by 2020. Intrinsyc is publicly traded (TSX:ICS) and is headquartered in Vancouver, Canada, with operations in Taiwan and the United States.


                  INTRINSYC SOFTWARE INTERNATIONAL, INC.                  
      Interim Condensed Consolidated Statements of Financial Position     
                 (Unaudited and Expressed in U.S. dollars)                
--------------------------------------------------------------------------
                                              September 30,    December 31,
As at                                                 2012            2011
--------------------------------------------------------------------------
                                                                          
ASSETS                                                                    
Current assets                                                            
  Cash and cash equivalents                    $ 7,611,322     $ 9,382,653
  Short-term investments                         4,495,569       2,688,814
  Trade and other receivables                    1,366,516       1,268,700
  Inventory                                        163,549          17,702
  Prepaid expenses                                  96,238         174,490
--------------------------------------------------------------------------
                                                13,733,194      13,532,359
Non-Current Assets                                                        
  Prepaid expenses                                  50,854          59,553
  Equipment                                        345,350         355,955
  Intangible assets                                 18,475               -
--------------------------------------------------------------------------
Total assets                                  $ 14,147,873    $ 13,947,867
--------------------------------------------------------------------------
--------------------------------------------------------------------------
                                                                          
LIABILITIES AND SHAREHOLDERS' EQUITY                                      
Current liabilities                                                       
  Trade and other payables                     $ 1,236,605       $ 933,873
  Government assistance                            203,417         189,233
  Deferred revenue                                 513,754         488,976
--------------------------------------------------------------------------
Total liabilities                                1,953,776       1,612,082
--------------------------------------------------------------------------
                                                                          
Shareholders' equity                                                      
  Share capital                                108,288,585     108,288,585
  Other capital reserves                         9,812,442       9,750,619
  Translation of foreign operations                                       
   reserve                                         932,988         514,748
  Deficit                                     (106,839,918)   (106,218,167)
--------------------------------------------------------------------------
Total shareholders' equity                      12,194,097      12,335,785
--------------------------------------------------------------------------
Total liabilities and shareholders' equity    $ 14,147,873    $ 13,947,867
--------------------------------------------------------------------------
--------------------------------------------------------------------------
                                                                          

                  INTRINSYC SOFTWARE INTERNATIONAL, INC.                   
    Interim Condensed Consolidated Statements of Operations and Deficit    
                 (Unaudited and Expressed in U.S. Dollars)                 
-------------------------------------------------------------------------- 
                 Three months   Three months    Nine months    Nine months 
                        ended          ended          ended          ended 
                 September 30,  September 30,  September 30,  September 30, 
For the                  2012           2011           2012           2011 
-------------------------------------------------------------------------- 
                                                                           
Revenues          $ 1,647,278    $ 2,774,842    $ 5,976,428    $ 7,743,237 
Cost of sales         960,451      1,227,974      3,516,039      3,565,349 
-------------------------------------------------------------------------- 
                      686,827      1,546,868      2,460,389      4,177,888 
-------------------------------------------------------------------------- 
                                                                           
Expenses                                                                   
 Sales and                                                                 
  marketing           266,210        493,399      1,022,022      1,521,215 
 Research and                                                              
  development          45,427         36,657        152,028        272,635 
 Administration       469,546        564,691      1,728,458      1,666,005 
 Other                                                                     
  operating                                                                
  expenses             51,040        236,403        155,570        996,463 
-------------------------------------------------------------------------- 
                      832,223      1,331,150      3,058,078      4,456,318 
-------------------------------------------------------------------------- 
                                                                           
Operating                                                                 
 income (loss)       (145,396)       215,718       (597,689)      (278,430)
-------------------------------------------------------------------------- 
                                                                           
Other expenses                                                             
 (earnings)                                                                
 Foreign                                                                   
  exchange loss                                                            
  (gain)              115,422       (385,332)       119,522       (251,816)
 Interest                                                                  
  income              (32,882)       (26,056)       (96,457)       (72,744)
-------------------------------------------------------------------------- 
                       82,540       (411,388)        23,065       (324,560)
-------------------------------------------------------------------------- 
                                                                           
Income (loss)                                                             
 before income                                                            
 taxes               (227,936)       627,106       (620,754)        46,130 
                                                                           
Income tax                                                                 
 expense                    -              -            997            787 
-------------------------------------------------------------------------- 
                                                                           
Net Income                                                                
 (loss) for                                                               
 the period          (227,936)       627,106       (621,751)        45,343 
                                                                           
Deficit,                                                                   
 beginning of                                                              
 period          (106,611,982)  (106,619,439)  (106,218,167)  (106,037,676)
-------------------------------------------------------------------------- 
                                                                           
Deficit, end of                                                            
 period        ($ 106,839,918) ($105,992,333) ($106,839,918) ($105,992,333)
-------------------------------------------------------------------------- 
--------------------------------------------------------------------------
                                                                           
Net Income                                                                
 (loss) per                                                               
 share (basic)          $0.00          $0.00          $0.00          $0.00 
--------------------------------------------------------------------------
-------------------------------------------------------------------------- 
                                                                           
Net Income                                                                
 (loss) per                                                               
 share (fully                                                             
 diluted)               $0.00          $0.00          $0.00          $0.00
-------------------------------------------------------------------------- 
-------------------------------------------------------------------------- 
                                                                           
Weighted                                                                  
 average                                                                  
 number of                                                                
 shares                                                                   
 outstanding -                                                            
 basic            163,259,070    163,259,070    163,259,070    163,259,070 
--------------------------------------------------------------------------
-------------------------------------------------------------------------- 
                                                                           
Weighted                                                                  
 average                                                                  
 number of                                                                
 shares                                                                   
 outstanding -                                                            
 fully diluted    163,259,070    168,195,900    163,259,070    167,187,974 
-------------------------------------------------------------------------- 
--------------------------------------------------------------------------
                                                                           

                  INTRINSYC SOFTWARE INTERNATIONAL, INC.                   
      Interim Condensed Consolidated Statements of Comprehensive Loss      
                 (Unaudited and Expressed in U.S. Dollars)                 
-------------------------------------------------------------------------- 
                 Three months   Three months    Nine months    Nine months 
                        ended          ended          ended          ended 
                 September 30,  September 30,  September 30,  September 30, 
For the                  2012           2011           2012           2011 
-------------------------------------------------------------------------- 
                                                                           
Net income                                                                 
 (loss) for the                                                            
 period            ($ 227,936)     $ 627,106     ($ 621,751)      $ 45,343 
                                                                           
Other                                                                      
 comprehensive                                                             
 income (loss):                                                            
                                                                           
Translation of                                                             
 foreign                                                                   
 operations                                                                
 reserve              426,364     (1,042,131)       418,240       (651,704)
-------------------------------------------------------------------------- 
                                                                           
Comprehensive                                                              
 income (loss)                                                             
 for the period     $ 198,428     ($ 415,025)    ($ 203,511)    ($ 606,361)
-------------------------------------------------------------------------- 
--------------------------------------------------------------------------


                  INTRINSYC SOFTWARE INTERNATIONAL, INC.                   
       Interim Condensed Consolidated Statements of EBITDA and Loss        
                 (Unaudited and Expressed in U.S. Dollars)                 
-------------------------------------------------------------------------- 
                 Three months   Three months    Nine months    Nine months 
                        ended          ended          ended          ended 
                 September 30,  September 30,  September 30,  September 30, 
For the                  2012           2011           2012           2011 
-------------------------------------------------------------------------- 
                                                                           
Revenues          $ 1,647,278    $ 2,774,842    $ 5,976,428    $ 7,743,237 
Cost of sales         960,451      1,227,974      3,516,039      3,565,349 
-------------------------------------------------------------------------- 
                      686,827      1,546,868      2,460,389      4,177,888 
-------------------------------------------------------------------------- 
                                                                           
Expenses                                                                   
 Sales and                                                                  
  marketing           266,210        493,399      1,022,022      1,521,215 
 Research and                                                              
  development          45,427         36,657        152,028        272,635 
 Administration       469,546        564,691      1,728,458      1,666,005 
-------------------------------------------------------------------------- 
                      781,183      1,094,747      2,902,508      3,459,855 
-------------------------------------------------------------------------- 
                                                                           
EBITDA                (94,356)       452,121       (442,119)       718,033 
                                                                           
 Other operating                                                           
  expenses             51,040        236,403        155,570        996,463 
 Foreign                                                                   
  exchange loss                                                            
  (gain)              115,422       (385,332)       119,522       (251,816)
 Interest income      (32,882)       (26,056)       (96,457)       (72,744)
 Income tax                                                                
  expense                   -              -            997            787 
-------------------------------------------------------------------------- 
                      133,580       (174,985)       179,632        672,690 
-------------------------------------------------------------------------- 
                                                                           
Net income                                                                 
 (loss) for the                                                            
 period under                                                              
 IFRS              ($ 227,936)     $ 627,106     ($ 621,751)      $ 45,343 
-------------------------------------------------------------------------- 
--------------------------------------------------------------------------
                                                                           
                   INTRINSYC SOFTWARE INTERNATIONAL, INC.                  
   Interim Condensed Consolidated Statements of Changes in Shareholders'   
                                   Equity                                  
                 (Unaudited and Expressed in U.S. Dollars)                 
---------------------------------------------------------------------------
                                                    Translation       Total
                                Other                of Foreign      Share-
                    Share     Capital                Operations    holders'
                  Capital    Reserves        Deficit    Reserve      Equity
---------------------------------------------------------------------------
                                                                           
Balance,                                                                   
 January 1,                                                                
 2012        $108,288,585 $ 9,750,619  ($106,218,167) $ 514,748 $12,335,785
Net loss for                                                               
 the period             -           -       (621,751)         -    (621,751)
Stock-based                                                                
 compensation           -      61,823              -          -      61,823
Translation                                                                
 of foreign                                                                
 operations                                                                
 into U.S.                                                                 
 dollars                -           -              -    418,240     418,240
---------------------------------------------------------------------------
Balance,                                                                   
 September                                                                 
 30, 2012    $108,288,585 $ 9,812,442  ($106,839,918) $ 932,988 $12,194,097
---------------------------------------------------------------------------
                                                                           
---------------------------------------------------------------------------
---------------------------------------------------------------------------
                                                                           
Balance,                                                                   
 January 1,                                                                
 2011        $108,288,585 $ 9,566,250  ($106,037,676) $ 794,984 $12,612,143
Net income                                                                 
 for the                                                                   
 period                 -           -         45,343          -      45,343
Stock-based                                                                
 compensation           -     137,012              -          -     137,012
Translation                                                                
 of foreign                                                                
 operations                                                                
 into U.S.                                                                 
 dollars                -           -              -   (651,704)   (651,704)
---------------------------------------------------------------------------
Balance,                                                                   
 September                                                                 
 30, 2011    $108,288,585$ 9,6703,262  ($105,992,333) $ 143,280 $12,142,794
---------------------------------------------------------------------------
                                                                           

                  INTRINSYC SOFTWARE INTERNATIONAL, INC.                   
          Interim Condensed Consolidated Statements of Cash Flows          
                 (Unaudited and Expressed in U.S. Dollars)                 
-------------------------------------------------------------------------- 
                 Three months   Three months    Nine months    Nine months 
                        ended          ended          ended          ended 
                 September 30,  September 30,  September 30,  September 30, 
For the                  2012           2011           2012           2011 
-------------------------------------------------------------------------- 
                                                                           
Cash provided                                                              
 by (used in):                                                             
                                                                           
Operating                                                                  
 Activities                                                                
 Net income                                                                
  (loss) for                                                               
  the period       ($ 227,936)     $ 627,106     ($ 621,751)      $ 45,343 
                                                                           
 Adjustments to                                                            
  reconcile net                                                            
  loss to net                                                              
  cash flows:                                                              
 Depreciation          32,891         31,578         88,685        140,648 
 Amortization           1,741        143,863          2,303        445,493 
 Non-cash                                                                  
  interest                  -          3,670          7,507         13,726 
 Stock-based                                                               
  compensation         13,649         60,962         61,823        137,012 
 Loss on                                                                   
  disposal of                                                              
  equipment             2,759              -          2,759              - 
 Non-cash                                                                  
  restructuring             -              -              -         98,124 
-------------------------------------------------------------------------- 
                     (176,896)       867,179       (458,674)       880,346 
-------------------------------------------------------------------------- 
Working capital                                                            
 adjustments:                                                              
 Trade and                                                                 
  other                                                                    
  receivables         632,491        (95,287)       (33,811)     1,086,808 
 Inventory           (103,051)        (1,777)      (144,881)         6,704 
 Prepaid                                                                   
  expenses            (40,629)      (398,951)        91,997       (292,180)
 Trade and                                                                 
  other                                                                    
  payables           (148,052)       126,920        260,316       (783,707)
 Deferred                                                                  
  revenue             (14,622)        78,169          6,088        102,297 
-------------------------------------------------------------------------- 
                      326,237       (290,926)       179,709        119,922 
-------------------------------------------------------------------------- 
                                                                           
-------------------------------------------------------------------------- 
Cash provided                                                              
 by (used in)                                                              
 operating                                                                 
 activities           149,341        576,253       (278,965)     1,000,268 
-------------------------------------------------------------------------- 
                                                                           
Investing                                                                  
 Activities                                                                
 Redemption                                                                
  (purchase) of                                                            
  short-term                                                               
  investments         752,978     (1,528,162)    (1,671,455)    (4,471,860)
 Purchase of                                                               
  equipment           (28,334)             -        (68,775)        (2,059)
 Purchase of                                                               
  intangible                                                               
  assets                    -              -        (20,226)             - 
-------------------------------------------------------------------------- 
Cash provided                                                              
 by (used in)                                                              
 investing                                                                 
 activities           724,644     (1,528,162)    (1,760,456)    (4,473,919)
-------------------------------------------------------------------------- 
                                                                           
Financing                                                                  
 Activities                                                                
 Repayment of                                                              
  capital lease                                                            
  obligation                -              -              -         (7,890)
-------------------------------------------------------------------------- 
Cash used in                                                               
 financing                                                                 
 activities                 -              -              -         (7,890)
-------------------------------------------------------------------------- 
                                                                           
Effect of                                                                 
 exchange rate                                                            
 changes on                                                               
 cash and cash                                                            
 equivalents          226,831       (649,256)       268,090       (374,708)
-------------------------------------------------------------------------- 
                                                                           
Increase                                                                   
 (decrease) in                                                             
 cash and cash                                                             
 equivalents        1,100,816     (1,601,165)    (1,771,331)    (3,856,249)
Cash and cash                                                              
 equivalents,                                                              
 beginning of                                                              
 period             6,510,506      8,897,355      9,382,653     11,152,439 
-------------------------------------------------------------------------- 
Cash and cash                                                              
 equivalents,                                                              
 end of period    $ 7,611,322    $ 7,296,190    $ 7,611,322    $ 7,296,190 
-------------------------------------------------------------------------- 
--------------------------------------------------------------------------

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The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., will show what is needed to leverage the IoT to transform your business. He will discuss opportunities and challenges ahead for the IoT from a market and tec...
SYS-CON Events announced today that TeleStax, the main sponsor of Mobicents, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TeleStax provides Open Source Communications software and services that facilitate the shift from legacy SS7 based IN networks to IP based LTE and IMS networks hosted on private (on-premise), hybrid or public clouds. TeleStax products include Restcomm, JSLEE, SMSC Gateway, USSD Gateway, SS7 Resource Adaptors, SIP Servlets, Rich Multimedia Services, Presence Services/RCS, Diame...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of 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. 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...
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of 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. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
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.
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.
As a disruptive technology, Web Real-Time Communication (WebRTC), which is an emerging standard of web communications, is redefining how brands and consumers communicate in real time. The on-going narrative around WebRTC has largely been around incorporating video, audio and chat functions to apps. In his session at Internet of @ThingsExpo, Alex Gouaillard, Founder and CTO of Temasys Communications, will look at a fourth element – data channels – and talk about its potential to move WebRTC beyond browsers and into the Internet of Things.
SYS-CON Events announced today that Gigaom Research has been named "Media Sponsor" of 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. Ashar Baig, Research Director, Cloud, at Gigaom Research, will also lead a Power Panel on the topic "Choosing the Right Cloud Option." Gigaom Research provides timely, in-depth analysis of emerging technologies for individual and corporate subscribers. Gigaom Research's network of 200+ independent analysts provides new content daily that bridges the gap between break...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.