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Intrinsyc Reports 2012 Third Quarter Financial Results

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

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

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

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

Three Month Comparative Results

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

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

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

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

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

Nine Month Comparative Results

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

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

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

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

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

Business Highlights

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


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

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

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

Conference call

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

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

Non-IFRS Measures

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

Forward-Looking Statements

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

About Intrinsyc Software International, Inc.

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


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

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

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


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

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

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Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.