Welcome!

Java IoT Authors: Martin Etmajer, Pat Romanski, Elizabeth White, Blue Box Blog, SmartBear Blog

News Feed Item

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 
-------------------------------------------------------------------------- 
--------------------------------------------------------------------------

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
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The Quantified Economy represents the total global addressable market (TAM) for IoT that, according to a recent IDC report, will grow to an unprecedented $1.3 trillion by 2019. With this the third wave of the Internet-global proliferation of connected devices, appliances and sensors is poised to take off in 2016. In his session at @ThingsExpo, David McLauchlan, CEO and co-founder of Buddy Platform, will discuss how the ability to access and analyze the massive volume of streaming data from mil...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
WebSocket is effectively a persistent and fat pipe that is compatible with a standard web infrastructure; a "TCP for the Web." If you think of WebSocket in this light, there are other more hugely interesting applications of WebSocket than just simply sending data to a browser. In his session at 18th Cloud Expo, Frank Greco, Director of Technology for Kaazing Corporation, will compare other modern web connectivity methods such as HTTP/2, HTTP Streaming, Server-Sent Events and new W3C event APIs ...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...