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Men's Wearhouse Reports Fiscal 2013 Results

- Fiscal 2013 GAAP diluted earnings per share were $1.70 and adjusted diluted earnings per share were $2.21

FREMONT, Calif., March 11, 2014 /PRNewswire/ -- The Men's Wearhouse (NYSE: MW) today announced consolidated financial results for the fiscal year ended February 1, 2014. 

Fiscal year 2013 had 52 weeks compared with 53 weeks in fiscal year 2012.  Consequently, results for the fourth quarter and fiscal year 2013 were negatively impacted by the additional week in 2012.  Comparable sales for the fourth quarter and fiscal year 2013 do not include an additional week in fiscal year 2012.

Total net sales for fiscal year 2013 decreased 0.6% to $2.5 billion, and total Men's Wearhouse brand revenues were up 1.6% over fiscal 2012 and up 3% on a 52 week fiscal comparison.  GAAP diluted EPS for fiscal year 2013 was $1.70 and adjusted EPS was $2.21 excluding one-time costs(1)

Total net sales for the fiscal 2013 13-week fourth quarter decreased 7.9% to $560.6 million from $608.4 million in last year's 14-week fourth quarter.  GAAP loss per share was $0.64 for the fourth quarter of 2013.  Adjusted loss per share was $0.38 excluding one-time costs(2)

Doug Ewert, Men's Wearhouse president and chief executive officer, commented, "We were not immune to the effects of weak consumer spending sentiments and severe weather disruption that impacted most retailers in December and January.  Tuxedo and corporate apparel sales were in-line with internal expectations, while clothing sales in all three retail chains were lower than expected.  Weather-related store closures and an aggressive promotional retail environment resulted in a traffic decline. We estimate that approximately one-quarter of the 2.5% comparable sales decrease in the fourth quarter at Men's Wearhouse was due to these closures."

Ewert added, "We executed an aggressive advertising and promotional plan, and made adjustments as the challenging retail environment unfolded during the quarter.  We proactively increased our promotional activity, including incremental advertising spending, and reduced our expenses accordingly. Subsequently, we have seen business improve significantly in February, as both Men's Wearhouse and Moores finished the month with approximately 3% and 9% comparable sales increases respectively, overcoming additional weather-related store closures.  Looking forward, we are excited about the rollout of our 'Made-in-America' Joseph Abboud® product into the Men's Wearhouse stores.  This product should be in all stores by the summer of 2014 and will be supported by brand advertising, which commenced in select markets on March 10th.

"We look forward to completing the combination of Men's Wearhouse and Jos. A. Bank, which we also announced today, and to achieving the benefits of the combination for our shareholders," concluded Ewert.

(1)

Adjusted net earnings exclude $41.1 million ($27.3 million after tax or $0.56 per diluted share) in costs related to the JA Holding, Inc. acquisition and integration, costs related to various strategic projects, separation costs associated with former executives, non-cash impairment of K&G goodwill, K&G ecommerce closure costs and a New York store related closure costs. Also excluded is a $2.2 million ($1.5 million after tax or $0.03 per diluted share) gain from the sale of an office building in Fremont, CA. Adjusted diluted earnings per share may not sum due to rounded numbers.



(2)

Adjusted net earnings exclude $19.0 million ($12.6 million after tax or $0.27 per diluted share) in costs related to the JA Holding, Inc. acquisition and integration, costs related to various strategic projects, separation costs associated with former executives, K&G ecommerce closure costs and certain asset impairment charges. Adjusted diluted earnings per share may not sum due to rounded numbers.

FOURTH QUARTER CONSOLIDATED RESULTS REVIEW
Please refer to the Consolidated Statements of Earnings table below that compare the results of the 2013 13-week fiscal quarter to the 2012 14-week fiscal quarter.  The following provides the comparable 13-week results for both fiscal fourth quarters.

Total net sales for the fiscal 2013 13-week fourth quarter decreased 2.6% or $14.8 million to $560.6 million from an adjusted $575.3 million.  Retail segment sales for the quarter decreased by 3.3% or $17.1 million and corporate apparel sales increased by 3.9% or $2.4 million as compared to the adjusted prior year quarter.

The consolidated total gross margin was down $17.6 million or 7.8% to the adjusted prior year quarter.  The total gross margin rate decreased 210 basis points primarily due to higher markdowns, deleveraging of occupancy costs and an expected decrease in tuxedo margin due to lower rental revenue and higher per unit rental costs.  The retail segment total gross margin was down 8.8% and the corporate apparel gross margin increased 4.3%.

Adjusted SG&A expenses of $239.6 million increased by $3.8 million from the adjusted prior year or 1.6% primarily due to an increase in advertising expense.  Adjusted SG&A expenses exclude $19.0 million in costs related to the JA Holding, Inc. acquisition and integration, costs related to various strategic projects, separation costs associated with former executives, K&G ecommerce closure costs and certain asset impairment charges. 

Adjusted net loss for the fiscal 2013 fourth quarter was $17.9 million, or $0.38 adjusted diluted loss per share compared to net loss of $4.9 million, or $0.10 diluted loss per share last year excluding the impact of the 53rd week.

FOURTH QUARTER AND FISCAL YEAR SALES REVIEW
The table that follows is a summary of net sales for fiscal 2013 fourth quarter and full year.  The dollars shown are U.S. dollars in millions and due to rounded numbers may not sum.  The Moores comparable sales change is based on the Canadian dollar.  Comparable sales exclude the net sales of a store for any month of one period if the store was not open throughout the same month of the prior period and include e-commerce net sales, beginning in fiscal 2013. 

Because fiscal 2012 was a 53-week year, comparable sales for the current year are shown on a trailing 52-week basis, comparing the most relevant time periods, as well as on a fiscal period basis.  The current quarter fiscal period basis is lower than the trailing basis comparison primarily due to the calendar shift of the 53rd week.  

Fourth Quarter Net Sales Summary – Fiscal 2013



Net Sales

Comparable Sales Change


Net Sales Change

Current Quarter

Current Quarter

Trailing

Current Quarter Fiscal

Prior Year Quarter Fiscal

Total Retail Segment

(8.5%)

($46.2)

$497.3




       Men's Wearhouse

(6.1%)

($22.6)

$350.2

(2.5%)

(3.0%)

1.0%

       Moores

(13.6%)

($9.2)

$58.6

(2.3%)

(3.4%)

(5.5%)

       K&G

(15.0%)

($14.3)

$81.2

(7.7%)

(8.6%)

(5.7%)

       MW Cleaners

(0.5%)

($0.0)

$7.3











Corporate Apparel Segment

(2.7%)

($1.7)

$63.3











Total Company

(7.9%)

($47.9)

$560.6











Net Sales Summary – Fiscal 2013



Net Sales

Comparable Sales Change


Net Sales Change

Current YTD

Current YTD

Trailing

Current YTD Fiscal

Prior Year YTD Fiscal

Total Retail Segment

(1.0%)

($22.4)

$2,226.4




       Men's Wearhouse

1.6%

$25.1

$1,606.2

0.7%

0.8%

4.8%

       Moores

(7.2%)

($19.6)

$254.4

(4.1%)

(3.9%)

1.5%

       K&G

(8.1%)

($29.7)

$336.2

(5.5%)

(5.9%)

(4.3%)

       MW Cleaners

6.5%

$1.8

$29.6











Corporate Apparel Segment

3.1%

$7.4

$246.8











Total Company

(0.6%)

($15.0)

$2,473.2











Net sales at core flagship brand Men's Wearhouse stores, which represented 62% of total fourth quarter sales were down 6.1% from last year's fourth quarter sales while comparable sales decreased 2.5%.  On a comparable basis decreases in clothing product average unit retails and average transactions per store more than offset a slight increase in units sold per transaction. The higher margin tuxedo rental revenues comparable store sales increased 1.9% in the fourth quarter of 2013. 

Moores, the Canadian retail brand, was 10% of the total fourth quarter sales and had a comparable sales decrease of 2.3% due mainly to a decrease in clothing product average unit retails which more than offset increases in average transactions per store and units sold per transaction.  K&G was 14% of the Company's total fourth quarter sales with a comparable sales decrease of 7.7% with lower average unit retails and average transactions per store that more than offset increased units sold per transaction.  The Corporate Apparel segment, which represented 11% of total fourth quarter sales, had a sales decrease of 2.7%. 

STORE INFORMATION


February 1, 2014

 February 2, 2013



Number of Stores

Sq. Ft.

(000's)

Number of Stores

Sq. Ft.

(000's)






Men's Wearhouse

661

3,774.3

638

3,650.0






Men's Wearhouse and Tux

248

344.0

288

395.1






Moores, Clothing for Men

121

769.3

120

763.5






K&G (a)

94

2,228.8

97

2,299.3






Total

1,124

7,116.4

1,143

7,107.9







(a) 

85 and 92 stores, respectively, offering women's apparel.

Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,124 stores.  The Men's Wearhouse, Moores and K&G stores carry a full selection of suits, sport coats, furnishings and accessories in exclusive and non-exclusive merchandise brands and Men's Wearhouse and Tux stores carry a limited selection.  Most K&G stores carry a full selection of women's apparel.  Tuxedo rentals are available in the Men's Wearhouse, Moores and Men's Wearhouse and Tux stores.  Additionally, Men's Wearhouse operates a global corporate apparel and workwear group consisting of Twin Hill in the United States and Dimensions, Alexandra and Yaffy in the United Kingdom.  Investors can find additional information at http://ir.menswearhouse.com/.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are not guarantees of future performance and a variety of factors could cause actual results to differ materially from the anticipated or expected results expressed in or suggested by these forward-looking statements.  These forward-looking statements may be significantly impacted by various factors, including, but not limited to: actions by governmental entities, domestic and international economic activity and inflation, success, or lack thereof, in executing our internal operating plans and new store and new market expansion plans, including successful integration of acquisitions, performance issues with key suppliers, disruption in buying trends due to homeland security concerns, severe weather, foreign currency fluctuations, government export and import policies, aggressive advertising or marketing activities of competitors; and legal proceedings. Future results will also be dependent upon our ability to continue to identify and complete successful expansions and penetrations into existing and new markets and our ability to integrate such expansions with our existing operations. 

These forward-looking statements are based upon management's current beliefs or expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies and third-party approvals, many of which are beyond our control.  The following factors, among others, could cause actual results to differ materially from those expressed or implied in the forward-looking statements:  (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Agreement and Plan of Merger by and among Men's Wearhouse, Inc.,  Java Corp. and Jos. A. Bank Clothiers, Inc., (2) the failure to consummate the acquisition of Jos. A. Bank for reasons including that the conditions to Men's Wearhouse's offer to purchase all outstanding shares of Jos. A. Bank's common stock, including the condition that a minimum number of shares be tendered and not withdrawn, are not satisfied or waived by Men's Wearhouse, (3) the possibility that the expected benefits from the proposed transaction will not be realized within the anticipated time period, (4) the risk that regulatory or other approvals required for the transaction are not obtained, (5) the risks related to the costs and difficulties related to the integration of Jos. A. Bank's business and operations with Men's Wearhouse's business and operations, (6) the inability to obtain, or delays in obtaining, cost savings and synergies from the transaction, (7) unexpected costs, charges or expenses resulting from the transaction, (8) litigation relating to the transaction, (9) the inability to retain key personnel and (10) the possible disruption that may be caused by the transaction to the business and operations of Men's Wearhouse and its relationships with customers, employees and other third parties.

The forward-looking statements in this press release speak only as of the date hereof. Men's Wearhouse undertakes no obligation to revise or update publicly any forward-looking statement, except as required by law.  Other factors that may impact the forward-looking statements are described in Men's Wearhouse's annual report on Form 10-K for the fiscal year ended February 2, 2013 and Forms 10-Q.  For additional information on Men's Wearhouse, please visit the Company's websites at www.menswearhouse.com, www.mooresclothing.com, www.kgstores.com, www.twinhill.com, www.dimensions.co.uk and www.alexandra.co.uk.



Contact:

Jon Kimmins, CFO

(510) 723-8639

Ken Dennard

Dennard - Lascar Associates

(832) 594-4004

[email protected]


THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)


FOR THE THREE MONTHS ENDED

February 1, 2014 and February 2, 2013

(In thousands, except per share data)











Three Months Ended


Variance



% of


% of




Basis


2013

Sales

2012

Sales


Dollar

%

Points










Net sales:









          Retail clothing product

$  419,130

74.77%

$  456,063

74.96%


$ (36,933)

(8.10%)

(0.19)

          Tuxedo rental services

43,504

7.76%

49,193

8.09%


(5,689)

(11.56%)

(0.32)

          Alteration and other services   

34,642

6.18%

38,172

6.27%


(3,530)

(9.25%)

(0.09)

               Total retail sales

497,276

88.71%

543,428

89.32%


(46,152)

(8.49%)

(0.60)

               Corporate apparel clothing product sales

63,276

11.29%

65,000

10.68%


(1,724)

(2.65%)

0.60

                    Total net sales

560,552

100.00%

608,428

100.00%


(47,876)

(7.87%)

0.00










                   Total cost of sales

351,758

62.75%

365,283

60.04%


(13,525)

(3.70%)

2.71










Gross margin (a):









        Retail clothing product

221,676

52.89%

249,160

54.63%


(27,484)

(11.03%)

(1.74)

        Tuxedo rental services

35,585

81.80%

41,371

84.10%


(5,786)

(13.99%)

(2.30)

        Alteration and other services

6,669

19.25%

8,032

21.04%


(1,363)

(16.97%)

(1.79)

        Occupancy costs

(73,375)

(14.76%)

(74,119)

(13.64%)


744

1.00%

(1.12)

               Total retail gross margin

190,555

38.32%

224,444

41.30%


(33,889)

(15.10%)

(2.98)

               Corporate apparel clothing product margin

18,239

28.82%

18,701

28.77%


(462)

(2.47%)

0.05

                   Total gross margin

208,794

37.25%

243,145

39.96%


(34,351)

(14.13%)

(2.71)










Asset impairment charges

2,034

0.36%

169

0.03%


1,865

1103.55%

0.34

Selling, general and administrative expenses

256,478

45.75%

249,454

41.00%


7,024

2.82%

4.75










Operating loss

(49,718)

(8.87%)

(6,478)

(1.06%)


(43,240)

667.49%

(7.80)










Net interest

(1,048)

(0.19%)

(90)

(0.01%)


(958)

1064.44%

(0.17)










Loss before income taxes

(50,766)

(9.06%)

(6,568)

(1.08%)


(44,198)

672.93%

(7.98)










Benefit for income taxes

(20,571)

(3.67%)

(3,412)

(0.56%)


(17,159)

502.90%

(3.11)










Net loss including non-controlling interest

(30,195)

(5.39%)

(3,156)

(0.52%)


(27,039)

856.75%

(4.87)










Net loss attributable to non-controlling interest

(252)

(0.04%)

(248)

(0.04%)


(4)

(1.61%)

0.00










Net loss attributable to common shareholders

$   (30,447)

(5.43%)

$     (3,404)

(0.56%)


$ (27,043)

794.45%

(4.87)










Net loss per diluted common share attributable to common shareholders

$       (0.64)


$       (0.07)















Weighted-average diluted common shares outstanding:

47,411


50,829
























(a) 

Gross margin percent of sales is calculated as a percentage of related sales.


THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)


FOR THE TWELVE MONTHS ENDED

February 1, 2014 and February 2, 2013

(In thousands, except per share data)











Twelve Months Ended


Variance



% of


% of




Basis


2013

Sales

2012

Sales


Dollar

%

Points










Net sales:









          Retail clothing product

$1,667,535

67.42%

$1,691,248

67.97%


$(23,713)

(1.40%)

(0.55)

          Tuxedo rental services

411,864

16.65%

406,454

16.33%


5,410

1.33%

0.32

          Alteration and other services   

147,023

5.94%

151,147

6.07%


(4,124)

(2.73%)

(0.13)

               Total retail sales

2,226,422

90.02%

2,248,849

90.38%


(22,427)

(1.00%)

(0.36)

               Corporate apparel clothing product sales

246,811

9.98%

239,429

9.62%


7,382

3.08%

0.36

                    Total net sales

2,473,233

100.00%

2,488,278

100.00%


(15,045)

(0.60%)

0.00










                    Total cost of sales

1,384,223

55.97%

1,380,130

55.47%


4,093

0.30%

0.50










Gross margin (a):









        Retail clothing product

925,578

55.51%

935,200

55.30%


(9,622)

(1.03%)

0.21

        Tuxedo rental services

347,556

84.39%

349,887

86.08%


(2,331)

(0.67%)

(1.70)

        Alteration and other services

33,294

22.65%

37,301

24.68%


(4,007)

(10.74%)

(2.03)

        Occupancy costs

(290,896)

(13.07%)

(283,382)

(12.60%)


(7,514)

2.65%

(0.46)

               Total retail gross margin

1,015,532

45.61%

1,039,006

46.20%


(23,474)

(2.26%)

(0.59)

               Corporate apparel clothing product margin

73,478

29.77%

69,142

28.88%


4,336

6.27%

0.89

                   Total gross margin

1,089,010

44.03%

1,108,148

44.53%


(19,138)

(1.73%)

(0.50)










Goodwill impairment charge

9,501

0.38%

-

0.00%


9,501

NM

0.38

Asset impairment charges

2,216

0.09%

482

0.02%


1,734

359.75%

0.07

Selling, general and administrative expenses

947,665

38.32%

909,098

36.54%


38,567

4.24%

1.78










Operating income

129,628

5.24%

198,568

7.98%


(68,940)

(34.72%)

(2.74)










Net interest

(2,820)

-0.11%

(896)

(0.04%)


(1,924)

214.73%

(0.08)










Earnings before income taxes

126,808

5.13%

197,672

7.94%


(70,864)

(35.85%)

(2.82)










Provision for income taxes

42,591

1.72%

65,609

2.64%


(23,018)

(35.08%)

(0.91)










Net earnings including non-controlling interest

84,217

3.41%

132,063

5.31%


(47,846)

(36.23%)

(1.90)










Net earnings attributable to non-controlling interest

(426)

(0.02%)

(347)

(0.01%)


(79)

(22.77%)

0.00










Net earnings attributable to common shareholders

$     83,791

3.39%

$  131,716

5.29%


$(47,925)

(36.39%)

(1.91)










Net earnings per diluted common share attributable to common shareholders

$         1.70


$        2.55















Weighted-average diluted common shares outstanding:

49,162


51,026















(a) 

Gross margin percent of sales is calculated as a percentage of related sales.


THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)








February 1,


February 2,



2014


2013






ASSETS









Current assets:





Cash and cash equivalents

$             59,252


$            156,063


Accounts receivable, net

63,153


63,010


Inventories

599,486


556,531


Other current assets

93,206


79,549







   Total current assets

815,097


855,153

Property and equipment, net

408,162


389,118

Tuxedo rental product, net

142,816


126,825

Goodwill

126,003


87,835

Intangible assets, net

58,027


32,442

Other assets

5,125


4,974







   Total assets

$         1,555,230


$         1,496,347






LIABILITIES AND EQUITY









Current liabilities:





Accounts payable

$           148,762


$            123,983


Accrued expenses and other current liabilities

175,797


164,344


Income taxes payable

730


5,856


Current maturities of long-term debt

10,000


-







   Total current liabilities

335,289


294,183






Long-term debt

87,500


-

Deferred taxes and other liabilities

109,292


92,929







   Total liabilities

532,081


387,112






Equity:





Preferred stock

-


-


Common stock

476


725


Capital in excess of par

412,043


386,254


Retained earnings

572,712


1,190,246


Accumulated other comprehensive income

27,311


36,924


Treasury stock, at cost

(3,407)


(517,894)







   Total equity attributable to common shareholders

1,009,135


1,096,255







Non-controlling interest

14,014


12,980







   Total equity

1,023,149


1,109,235







    Total liabilities and equity

$         1,555,230


$         1,496,347


THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)


FOR THE TWELVE MONTHS ENDED

February 1, 2014 and February 2, 2013

(In thousands)








Twelve Months Ended



2013


2012






CASH FLOWS FROM OPERATING ACTIVITIES:










Net earnings including non-controlling interest

$          84,217


$         132,063


Non-cash adjustments to net earnings:





   Depreciation and amortization

88,749


84,979


   Tuxedo rental product amortization

32,266


28,315


Goodwill impairment charge

9,501


-


   Other

22,505


22,168


Changes in operating assets and liabilities

(48,308)


(41,795)







        Net cash provided by operating activities

188,930


225,730






CASH FLOWS FROM INVESTING ACTIVITIES:





Capital expenditures

(108,200)


(121,433)


Acquisition of business, net of cash

(94,906)


-


Proceeds from sales of property and equipment

4,127


33


Investment in trademark, tradenames and other assets

-


(2,075)







        Net cash used in investing activities

(198,979)


(123,475)






CASH FLOWS FROM FINANCING ACTIVITIES:





Proceeds from issuance of common stock

10,739


8,457


Proceeds from term loan

100,000


-


Payments of term loan

(2,500)


-


Deferred financing costs

(1,776)


-


Cash dividends paid

(35,549)


(37,084)


Tax payments related to vested deferred stock units

(3,865)


(4,421)


Excess tax benefits from share-based plans

2,145


2,997


Repurchases of common stock

(152,129)


(41,296)







        Net cash used in financing activities

(82,935)


(71,347)







Effect of exchange rate changes

(3,827)


(151)






(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

(96,811)


30,757







Balance at beginning of period

156,063


125,306


Balance at end of period

$           59,252


$         156,063

SOURCE Men's Wearhouse, Inc.

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Early adopters of IoT viewed it mainly as a different term for machine-to-machine connectivity or M2M. This is understandable since a prerequisite for any IoT solution is the ability to collect and aggregate device data, which is most often presented in a dashboard. The problem is that viewing data in a dashboard requires a human to interpret the results and take manual action, which doesn’t scale to the needs of IoT.
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Much of IT terminology is often misused and misapplied. Modernization and transformation are two such terms. They are often used interchangeably even though they mean different things and have very different connotations. Indeed, it is somewhat safe to assume that in IT any transformative effort is likely to also have a modernizing effect, and thus, we can see these as levels of improvement efforts. However, many businesses are being led to believe if they don’t transform now they risk becoming ...
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
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.
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...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
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...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
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...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
"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...