Click here to close now.



Welcome!

News Feed Item

Birmingham Bloomfield Bancshares, Inc. Announces Results for Period Ending December 31, 2013

BIRMINGHAM, MI -- (Marketwired) -- 01/17/14 -- Birmingham Bloomfield Bancshares, Inc. (OTCBB: BBBI) ("the Company"), the holding company for Bank of Birmingham, today announced unaudited results for the quarter and year to date periods ended December 31, 2013. The performance delivered record earnings and substantial earning asset growth.

The Company reported net income of $421,000 or $0.23 per common share for the fourth quarter of 2013 compared to net income of $337,000 or $0.18 per common share for the same period of 2012. Net income for the year to date period ended December 31, 2013 was $1,207,000 or $0.66 per common share compared to $1,019,000 or $0.56 per common share for the same period last year. The full year results represent record earnings for the Company and an increase in net income of 18.5% relative to 2012.

Chief Executive Officer, Rob Farr, issued the results and commented, "We are excited to announce another record year for the Company. The performance was driven by improved profit margins, growth in earnings assets and an increase in core revenue. The Company delivered a Return on Average Common Equity of 9.69% and a pre-tax, pre-provision ROA of 1.21%. Book value reached $7.41 at year end and per share earnings increased 17.8% year over year. We are proud of our performance and it is a reflection of our core believe in delivering superior bank service and meaningful solutions to our customers through the dedication and performance of our experienced staff. We look forward to the opportunities in 2014 and continuing to create value for our shareholders."

Results of Operation

The Company reported net interest income of $1.823 million for the fourth quarter of 2013, an 18.1% increase relative to the same quarter of 2012. The improvement was the result of portfolio loan growth. Net interest margin for the quarter was 4.24% compared to 4.36% for the most recent linked quarter and 4.59% for the fourth quarter of 2012. Net interest income for the full year of 2013 was $6.791 million, an increase of $851,000 compared to the same period of 2012. Net interest margin for the year to date period ended December 31, 2013 was 4.40% compared to 4.73% in 2012. The margin compression experienced by the Company is a result of the evolving product mix of the balance sheet, competitive pricing conditions and challenging rate environment.

The Company reversed $120,000 in provision expense during the fourth quarter of 2013, as collateral values on impaired loans improved. Total provision expense for the year to date period ending December 31, 2013 was $160,000, compared to $470,000 for the twelve month period in 2012. The net reduction in provision expense is attributable to improved market values and a reduction in problem credits requiring a valuation reserve. The Company charged off $336,000 in impaired loans during 2013.

Total non-interest income for the fourth quarter of 2013 was $252,000, compared to $210,000 for the most recent linked quarter and $348,000 for the same period of 2012. Total non-interest income for the year to date period ending December 31, 2013 was $862,000, compared to $1.243 million for the prior year. The decrease was a function of reduced loan volume related to commercial SBA and residential mortgage loans sold in the secondary market In addition, the Company recognized a gain on the sale of an ORE property in 2012 totaling $150,000.

Total non-interest expense for the fourth quarter of 2013 was $1.543 million, compared to $1.296 million for the same quarter of 2012. Year to date non-interest expense for 2013 was $5.597 million, an increase of $498,000 relative to the same period in 2012. The increase in expenses were the result of hiring new personnel to accommodate growth, infrastructure expansion, investment in new technology and providing additional resources for business marketing effort.

Balance Sheet

Total assets as of December 31, 2013 were $188.7 million, a 23.5% increase from December 31, 2012. The net growth in total assets was the result of an increase in loan and deposit balances. Total portfolio loans reached $158.8 million in 2013, an increase of $30.6 million from the prior year. The growth was primarily concentrated in commercial, lease and mortgage related loans. The new loan activity was achieved by expanding loan product options and focusing on the credit needs of our local market. The asset quality of the Company remains strong and the allowance for loan loss was 1.18% of the portfolio. Total deposits as of December 31, 2013 were $169.6 million, an increase of 25.7% from the same period in 2012. The Bank continues to be classified as well capitalized based on regulatory guidelines and the Tier 1 ratio was 8.40% for the quarter.

Birmingham Bloomfield Bancshares, Inc. is the holding company for Bank of Birmingham, a full-service community bank serving Oakland County. Bank of Birmingham is dedicated to providing financial services to small and medium sized businesses; their owners and employees; professionals; and individuals who work or reside in the Oakland County market area. Every Bank of Birmingham customer has a relationship manager who serves a single point of contact empowered to provide all the bank's services. Birmingham Bloomfield Bancshares, Inc. marketmakers include Raymond James, Chicago; Monroe Securities, Chicago; Boenning & Scattergood, Philadelphia; Stockcross Financial Services.

Forward-Looking Statements

This news release contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), which involve significant risks and uncertainties. Actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include: changes in interest rates and interest-rate relationships; changes in the national and local economy; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulations; changes in tax laws; changes in prices, levies, and assessments; our ability to successfully integrate acquisitions into our existing operations, and the availability of new acquisitions, joint ventures and alliance opportunities; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and other factors included in the Company's filings with the Securities and Exchange Commission, available free via EDGAR. The Company assumes no responsibility to update forward-looking statements.

(Unaudited Consolidated Financial Statements Follow)


                   Birmingham Bloomfield Bancshares, Inc.
                   Consolidated Balance Sheet (Unaudited)



                                                December 31,   December 31,
                                                    2013           2012
                                               -------------  -------------
ASSETS
    Cash and due from banks                    $  22,585,199  $  15,539,072
    Federal funds sold                                     -              -
                                               -------------  -------------
  Total cash and cash equivalents                 22,585,199     15,539,072

    Securities available-for-sale                  2,626,716      3,725,923
    Securities held-to-maturity                            -              -
    Federal Home Loan Bank Stock                     248,000        218,100
                                               -------------  -------------
  Total securities                                 2,874,716      3,944,023

  Loans held for sale                                      -              -

  Portfolio loans
    Consumer loans                                 1,697,269      1,801,991
    Mortgage loans                                21,615,166     16,203,001
    Commercial leases                             13,719,232      1,346,177
    Commercial loans                             121,796,101    108,926,273
                                               -------------  -------------
  Total loans                                    158,827,768    128,277,442
    Less: Allowance for loan loss                  1,868,587      2,044,350
                                               -------------  -------------
  Net loans                                      156,959,181    126,233,092

    Premises and equipment, net                    1,224,764      1,277,802
    Bank owned life insurance                      2,256,410      2,182,513
    Deferred Tax Asset                             1,687,277      2,306,762
    Accrued interest receivable and other
     assets                                        1,091,237      1,289,814
                                               -------------  -------------

  TOTAL ASSETS                                 $ 188,678,784  $ 152,773,078
                                               =============  =============



LIABILITIES
  Deposits
    Noninterest-bearing                        $  39,235,022  $  23,947,132
    Interest-bearing                             130,376,667    110,955,051
                                               -------------  -------------
  Total deposits                                 169,611,689    134,902,183

    Short term borrowings                                  -              -
    Accrued interest payable, taxes and other
     liabilities                                     842,164        867,356
                                               -------------  -------------
  Total liabilities                              170,453,853    135,769,539

SHAREHOLDERS' EQUITY
    Senior preferred stock, series D               4,621,000      4,621,000
    Common Stock, no par value                    17,163,818     17,105,618
    Authorized - 9,000,000 shares, Issued and
     outstanding - 1,836,662 1,824,662 and
     1,824,662 shares respectively
    Accumulated other comprehensive income            31,813         76,066
    Additional paid in capital - share based
     payments                                        493,154        493,154
    Accumulated deficit                           (4,084,854)    (5,292,299)
                                               -------------  -------------
  Total shareholders' equity                      18,224,931     17,003,539
                                               -------------  -------------

  TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $ 188,678,784  $ 152,773,078
                                               =============  =============

Book value per share                           $        7.41  $        6.79



                   Birmingham Bloomfield Bancshares, Inc.
                Consolidated Statement of Income (Unaudited)

                              For the three months     For the nine months
                                      ended                   ended
                            ------------------------ -----------------------
                                  December 31,             December 31,
                            ------------------------ -----------------------
                                2013         2012        2013        2012
                            -----------  ----------- ----------- -----------
Interest Income
  Interest and fees on
   loans
    Commercial loans        $ 1,668,979  $ 1,516,114 $ 6,301,192 $ 5,938,254
    Commercial leases           150,702        5,723     410,947       5,723
    Installment loans            26,863       22,447     111,683      75,083
    Mortgage loans              114,917       85,839     405,945     266,934
    Home Equity loans            88,405       85,124     348,000     363,494
    Late charges and fees         5,831       23,303      38,049      85,786
                            -----------  ----------- ----------- -----------
  Total loan interest and
   fee income                 2,055,697    1,738,550   7,615,816   6,735,274

    Interest bearing
     deposits                    10,288        7,572      33,741      21,479
    Federal Funds Sold                -            -           -           -

    Interest on investment
     securities
      Taxable                    18,019       23,424      81,414      95,673
      Tax-exempt                    953          985       3,859       3,985
                            -----------  ----------- ----------- -----------
  Total investment income        18,972       24,409      85,273      99,658

  Total interest income       2,084,957    1,770,532   7,734,830   6,856,412

Interest Expense
    Interest on deposits        261,538      227,006     944,277     916,561
    Interest on borrowed
     funds                            -            -           -          64
                            -----------  ----------- ----------- -----------
  Total interest expense        261,538      227,006     944,277     916,625
                            -----------  ----------- ----------- -----------

  Net Interest Income         1,823,420    1,543,526   6,790,554   5,939,787
    Provision for loan
     losses                    (120,000)      70,000     160,000     470,000
                            -----------  ----------- ----------- -----------
  Net Interest Income After
   Provision for Loan
   Losses                     1,943,420    1,473,526   6,630,554   5,469,787

Non-interest Income
    Service charge income        23,490       19,912      78,972      78,622
    Mortgage banking
     activities                  22,955       81,525     182,142     355,557
    SBA loan sales              174,975      215,618     480,610     537,466
    Other income                 30,734       30,603     120,170     271,336
                            -----------  ----------- ----------- -----------
  Total non-interest income     252,154      347,658     861,894   1,242,981

Non-interest Expense
    Salaries and employee
     benefits                   776,331      631,181   3,044,573   2,686,254
    Occupancy expense           130,575      124,336     498,979     481,140
    Equipment expense            48,820       50,886     207,556     201,115
    Advertising                  81,036      100,618     239,506     272,798
    Data Processing              97,333       79,730     298,921     259,949
    Professional fees           113,882      125,918     514,365     504,547
    Loan origination
     expense                    132,161       40,312     230,467     195,459
    Regulatory Assessments       39,178       31,377     139,669     105,622
    Other expense               123,490      111,165     422,473     391,528
                            -----------  ----------- ----------- -----------
  Total non-interest
   expense                    1,542,807    1,295,523   5,596,510   5,098,412

  Net Income Before Income
   Taxes                        652,767      525,661   1,895,938   1,614,356
    Income tax expense          220,313      177,417     642,282     538,768
                            -----------  ----------- ----------- -----------
  Net Income                    432,454      348,244   1,253,656   1,075,588
    Dividend on preferred
     stock                       11,552       11,553      46,210      56,489
                            -----------  ----------- ----------- -----------
  Net Income applicable to
   common shareholders      $   420,902  $   336,691 $ 1,207,446 $ 1,019,099
                            ===========  =========== =========== ===========

Income per share - basic    $      0.23  $      0.18 $      0.66 $      0.56



                   Birmingham Bloomfield Bancshares, Inc.
             Financial Summary and Selected Ratios (Unaudited)
                (Dollars in thousands except per share data)

                                              Year to Date
                             ----------------------------------------------
                                  December 31,               Change
                             ----------------------  ----------------------
                                2013        2012       Amount    Percentage
                             ----------  ----------  ----------  ----------
INCOME STATEMENT
     Interest Income         $    7,735  $    6,856  $      878        12.8%
     Interest Expense               944         917          28         3.0%
                             ----------  ----------  ----------
   Net Interest Income            6,791       5,940         851        14.3%
     Provision for loan loss        160         470        (310)      -66.0%
     Non-interest income            862       1,243        (381)      -30.7%
     Non-interest expense         5,597       5,098         498         9.8%
                             ----------  ----------  ----------
   Net Income before Income
    Taxes                         1,896       1,614         282        17.4%
     Income tax expense             642         539         104        19.2%
                             ----------  ----------  ----------
   Net Income                     1,254       1,076         178        16.6%
     Dividend on preferred
      stock                          46          56         (10)      -18.2%
                             ----------  ----------  ----------
   Net Income - common
    shareholders             $    1,207  $    1,019  $      188        18.5%
                             ==========  ==========  ==========

   Income per share - basic
    & diluted                $     0.66  $     0.56  $     0.10        17.8%
                             ==========  ==========  ==========

BALANCE SHEET DATA
   Total assets                 188,679     152,773      35,906        23.5%
   Average Assets               170,554     140,400      30,154        21.5%
   Total loans                  158,828     128,277      30,550        23.8%
   Allowance for loan loss
    (ALLL)                        1,869       2,044        (176)       -8.6%
   Total deposits               169,612     134,902      34,710        25.7%
   Other borrowings                   -           -           -         0.0%
   Shareholders' equity          18,225      17,004       1,221         7.2%
   Average Equity                17,599      16,543       1,056         6.4%

ASSET QUALITY
   Other real estate owned
    (OREO)                            -           -           -         0.0%
   Net charge-offs                  336           -         336         0.0%
   Non-accrual loans                229         764        (535)      -70.0%
(2)Non-performing assets
    (NPA)                           229         764        (535)      -70.0%
   Non-accrual loans / total
    loans                          0.14%       0.60%      -0.45%      -75.8%
   Allowance for loan loss /
    total loans                    1.18%       1.59%      -0.42%      -26.2%

PERFORMANCE MEASUREMENTS
   Net interest margin (tax
    equivalent)                    4.40%       4.73%      -0.33%       -7.0%
(1)Return on average assets
    (annualized)                   0.74%       0.77%      -0.03%       -3.9%
(3)Return on average assets
    (annualized)                   1.21%       1.48%      -0.27%      -18.2%
(1)Return on average common
    equity (annualized)            9.69%       9.02%       0.67%        7.4%
(3)Return on average common
    equity (annualized)           15.89%      17.48%      -1.59%       -9.1%
   Efficiency ratio                73.1%       71.0%       2.15%        3.0%
   Total loans / Total
    deposits                       93.6%       95.1%      -1.45%       -1.5%
   Tier 1 Leverage Ratio
    (Bank only)                    8.40%       9.03%      -0.63%      -6.98%
   Equity / Assets                 9.66%      11.13%      -1.47%      -13.2%
   Tangible common equity /
    Total assets                   7.21%       8.11%      -0.90%      -11.0%

   Book value per share      $     7.41  $     6.79  $     0.62         9.1%
   Stock price               $     5.13  $     4.60  $     0.53        11.5%
   Stock price / book value
    (%)                            69.3%       67.8%       1.48%        2.2%
   Income per share - basic
    & diluted                $     0.66  $     0.56  $     0.10        17.8%
   Price to earnings ratio
    (P/E) (year to date)           7.8x        8.2x       -0.4x        -5.3%
   Shares outstanding         1,836,662   1,824,662      12,000         0.7%
   Average shares
    outstanding               1,830,810   1,819,580      11,230         0.6%


(1) Amount is computed on net income before preferred dividends.
(2) Non-performing assets includes non-accrual loans and other real estate
    owned.
(3) Amount is computed on pre-tax, pre-provision earnings before preferred
    dividends



                   Birmingham Bloomfield Bancshares, Inc.
             Financial Summary and Selected Ratios (Unaudited)
                (Dollars in thousands except per share data)

                                          Quarter Ended
                     ------------------------------------------------------
                      December   September                        December
                         31,        30,     June 30,   March 31,     31,
                        2013       2013       2013       2013       2012
                     ---------- ---------- ---------- ---------- ----------
INCOME STATEMENT
     Interest Income $    2,085 $    1,998 $    1,860 $    1,792 $    1,771
     Interest
      Expense               262        246        222        215        227
                     ---------- ---------- ---------- ---------- ----------
   Net Interest
    Income                1,823      1,752      1,638      1,577      1,544
     Provision for
      loan loss            (120)       180         90         10         70
     Non-interest
      income                252        210        215        185        348
     Non-interest
      expense             1,543      1,358      1,394      1,302      1,296
                     ---------- ---------- ---------- ---------- ----------
   Net Income before
    Income Taxes            653        425        369        450        526
     Income tax                  145
      expense               220                   125        152        177
                     ---------- ---------- ---------- ---------- ----------
   Net Income               432        279        244        298        348
     Dividend on
      preferred
      stock                  12         12         12         12         12
                     ---------- ---------- ---------- ---------- ----------
   Net Income
    applicable to
    common
    shareholders     $      421 $      268 $      232 $      287 $      337
                     ========== ========== ========== ========== ==========

   Income per share
    - basic &
    diluted          $     0.23 $     0.15 $     0.13 $     0.16 $     0.18
                     ========== ========== ========== ========== ==========

BALANCE SHEET DATA
   Total assets         188,679    182,693    164,588    156,985    152,773
   Average Assets       191,516    175,007    160,953    154,282    154,452
   Total loans          158,828    151,524    138,017    129,638    128,277
   Allowance for
    loan loss (ALLL)      1,869      1,989      2,144      2,054      2,044
   Total deposits       169,612    163,836    146,171    138,992    134,902
   Other borrowings           -          -          -          -          -
   Shareholders'
    equity               18,225     17,809     17,546     17,281     17,004
   Average Equity        18,006     17,682     17,399     17,139     16,822

ASSET QUALITY
   Other real estate
    owned (OREO)              -          -          -          -          -
   Net charge-offs            -        336          -          -          -
   Non-accrual loans        229        316        732        732        764
(2)Non-performing
    assets (NPA)            229        316        732        732        764
   Non-accrual loans
    / total loans          0.14%      0.21%      0.53%      0.56%      0.60%
   Allowance for
    loan loss /
    total loans            1.18%      1.31%      1.55%      1.58%      1.59%

PERFORMANCE
 MEASUREMENTS
   Net interest
    margin (tax
    equivalent)            4.24%      4.36%      4.50%      4.56%      4.59%
(1)Return on average
    assets
    (annualized)           0.90%      0.63%      0.61%      0.78%      0.90%
(3)Return on average
    assets
    (annualized)           1.10%      1.37%      1.14%      1.21%      1.53%
(1)Return on average
    common equity
    (annualized)          12.82%      8.49%      7.65%      9.66%     11.35%
(3)Return on average
    common equity
    (annualized)          15.79%     18.37%     14.39%     14.89%     19.42%
   Efficiency ratio        74.3%      69.2%      75.2%      73.9%      68.5%
   Total loans /
    Total deposits         93.6%      92.5%      94.4%      93.3%      95.1%
   Tier 1 Leverage
    Ratio (Bank
    only)                  8.40%      8.71%      9.21%      9.36%      9.03%
   Equity / Assets         9.66%      9.75%     10.66%     11.01%     11.13%
   Tangible common
    equity / Total
    assets                 7.21%      7.22%      7.85%      8.06%      8.11%

   Book value per
    share            $     7.41 $     7.18 $     7.04 $     6.94 $     6.79
   Stock price       $     5.13 $     5.70 $     4.30 $     4.95 $     4.60
   Stock price /
    book value (%)         69.3%      79.4%      61.1%      71.3%      67.8%
   Income per share
    - basic &
    diluted          $     0.23 $     0.15 $     0.13 $     0.16 $     0.18
   Shares
    outstanding       1,836,662  1,836,662  1,836,662  1,824,662  1,824,662
   Average shares
    outstanding       1,836,662  1,836,662  1,825,058  1,824,662  1,824,662

(1) Amount is computed on net income before preferred dividends.
(2) Non-performing assets includes non-accrual loans and other real estate
    owned.
(3) Amount is computed on pre-tax, pre-provision earnings before preferred
    dividends

Contact:
Robert M. Farr
Chief Executive Officer
Birmingham Bloomfield Bancshares, Inc.
248-283-6430

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.

Latest Stories
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...