Welcome!

Java IoT Authors: Elizabeth White, Pat Romanski, Liz McMillan, AppDynamics Blog, AppNeta 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
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...