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Millennial Media Announces Preliminary Q4 Results Above Expectations on Strong Brand and Programmatic Sales

Millennial Media (NYSE:MM) today announced preliminary financial results that exceeded the Company’s previously announced expectations for the fourth quarter of 2013.

Fourth Quarter Preliminary Financial Results

  • Revenue: For the fourth quarter of 2013, pro forma combined revenue (including results of the Company’s Jumptap, Inc. subsidiary for the entire quarter) is expected to be between $106 million and $109 million, up from the Company’s previous expectation of $95 million to $100 million. GAAP revenues are expected to be in the range of $93 million to $96 million for the fourth quarter of 2013. For GAAP purposes, the Company began to combine revenue from Jumptap as of November 6, 2013.
  • Adjusted EBITDA: Pro forma combined Adjusted EBITDA, a non-GAAP financial measure (see definition below), is expected to be in the range of $5 million to $6 million for the fourth quarter of 2013, as compared to the Company’s previously expected range of breakeven to $2 million. On a non pro forma basis, Adjusted EBITDA for the quarter (based on GAAP revenue and expenses) is also expected to be in the range of $5 million to $6 million.
  • Share Count: The Company expects its basic and diluted weighted-average share count at the end of the fourth quarter of 2013 to be approximately 96 million and 99 million, respectively.

“We are very pleased with Millennial Media’s strong fourth quarter performance,” said Michael Avon, Chief Financial Officer & Executive Vice President at Millennial Media. “With the addition of Jumptap’s capabilities, we bring to market an expanded suite of offerings, delivering solid results for our brand and performance clients. The integration plan is ahead of schedule, enabling us to complement our historical strength among brand advertisers with market leading solutions for our performance clients through our demand-side programmatic buying capabilities and our premium exchange (MMX). Millennial Media enters 2014 with a much stronger and more comprehensive suite of capabilities than at this time last year positioning us well to capitalize on these assets in the year ahead.”

For reference, the Company has included tables following this release that show financial information for Millennial Media, Jumptap and pro forma combined for each quarter of 2012 and the first three quarters of 2013, as well as the full year ended December 31, 2012 and the nine months ended September 30, 2013.

Millennial Media today also announced that it will hold its quarterly conference call to discuss its 2013 fourth quarter and full year financial results and its Q1 outlook on Wednesday, February 19, 2014 at 5:00 p.m. ET. Millennial Media will release its 2013 fourth quarter and full year financial results the same day after the market close.

To access the conference call, please dial (866) 318-8611 (U.S.) or (617) 399-5130 (international) using passcode 39537338. The conference call will also be available via live webcast under the Investor Relations section of Millennial Media’s website at http://investors.millennialmedia.com.

If you are unable to listen to the live conference call, a replay will be available through February 26, 2014, and can be accessed by dialing (888) 286-8010 (U.S.) or (617) 801-6888 (international) using passcode 70765721. An archived version of the webcast will also be available at http://investors.millennialmedia.com.

Preliminary and Unaudited Results

The financial results presented above are preliminary and subject to completion. Millennial Media’s expectations with respect to these unaudited results are based upon management estimates and information available at this time. As a result, these preliminary results may be different from the actual results that will be reflected in Millennial Media’s consolidated financial statements for the quarter when they are released.

Non-GAAP Financial Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. generally accepted accounting principles (“GAAP”), Millennial Media reports Adjusted EBITDA and non-GAAP income (loss) per common share basic and diluted, which are non-GAAP financial measures. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that the measures provide useful information about operating results, enhances the overall understanding of past financial performance and future prospects, and allows for greater transparency with respect to key metrics used by management in its financial and operational decision making. Non-GAAP financial measures should be considered in addition to results and guidance prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. Adjusted EBITDA is defined as net income or net loss before interest, taxes, depreciation, amortization, and non-cash stock-based compensation and expenses related to acquisitions such as costs for services of lawyers, investment bankers, accountants and other third parties and acquisition related severance costs, bonuses and retention bonuses and accrual of retention payments that represent contingent compensation to be recognized over a requisite period.

A reconciliation of historical Adjusted EBITDA to net loss, the most directly comparable GAAP financial measure, for each of Millennial Media and Jumptap and on a pro forma combined basis, is set forth in the tables following this release. With respect to our expectations under "Adjusted EBITDA" above, reconciliation to the closest corresponding GAAP measure is not available without unreasonable effort due to the currently low visibility with respect to the individual charges excluded from the non-GAAP measure.

The Company also presents Adjusted EBITDA on a pro forma combined basis. Pro forma Adjusted EBITDA includes results of the Company’s Jumptap, Inc. subsidiary for the entire period and is defined as net income or net loss before interest, taxes, depreciation, amortization, and non-cash stock-based compensation and expenses related to acquisitions such as costs for services of lawyers, investment bankers, accountants and other third parties and acquisition related severance costs, bonuses and retention bonuses and accrual of retention payments that represent contingent compensation to be recognized over a requisite period.

About Millennial Media

Millennial Media is the leading independent mobile advertising platform. The Company’s unique data asset and full technology stack enable its demand and supply-side clients to garner meaningful results to drive their business. Based on its mobile-first approach to data, technology, and audience targeting, Millennial Media is leading the market by connecting consumers with relevant messages across screens. For advertisers looking to reach and engage with consumers in powerful ways, Millennial Media offers a broad array of solutions, delivered through brand, performance, and programmatic approaches. For developers and publishers, the Company offers a comprehensive set of managed and automated services to maximize revenue.

Forward-Looking Statements

The statements in this press release that are not historical facts constitute “forward-looking statements” that involve risks and uncertainties and are made pursuant to the Private Securities Litigation Reform Act of 1995. The achievement or success of the matters covered by such forward-looking statements involve risks, uncertainties and assumptions, and if any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. These risks and uncertainties include, but are not limited to, risks associated with our ability to continue to accelerate growth and provide enhanced gross margin performance; our ability to expand our developer and advertiser base and increase demand for our services; our ability to keep pace with technological and market developments and remain competitive against larger companies in our industry as well as potential new entrants into our markets; and our recent acquisition of Jumptap, including our ability to integrate the two businesses and realize the expected benefits from the acquisition. Further information on these and other factors that could affect our results is included in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2013, filed with the Securities and Exchange Commission (the “SEC”) on November 14, 2013 and other filings we make with the SEC from time to time. These documents are available on the ‘SEC Filings’ section of the Investor Relations page of our website at http://investors.millennialmedia.com.

The statements made in this release are based on information available to us as of the date of this release, and we assume no obligation and do not intend to update these forward-looking statements, except as required by law.

 
  2013 Preliminary and Unaudited Pro Forma Combined Statement of Operations
Millennial Media/ Jumptap Consolidated Income Statement (in millions)
Q1 2013   Q2 2013   Q3 2013   YTD 2013 (9 months)
Millennial Media   Jumptap   Combined Millennial Media   Jumptap   Combined Millennial Media   Jumptap   Combined Millennial Media   Jumptap   Combined
               
Revenue $ 49.44 $ 15.18 $ 64.62 $ 57.01 $ 24.31 $ 81.32 $ 56.06 $ 30.47 $ 86.53 $ 162.51 $ 69.96 $ 232.47
Intercompany revenue - - - - - - - - (0.21 ) - - (0.21 )
Net revenue   49.44       15.18       64.62     57.01       24.31       81.32     56.06       30.47       86.32     162.51       69.96       232.26  
 
Cost of revenue 28.87 9.11 37.99 32.82 15.45 48.28 33.86 19.38 53.24 95.56 43.95 139.51
Intercompany cost of revenue   -       -       -     -       -       -     -       -       (0.21 )   -       -       (0.21 )
Net cost of revenue   28.87       9.11       37.99     32.82       15.45       48.28     33.86       19.38       53.03     95.56       43.95       139.30  
Gross profit 20.56 6.07 26.63 24.19 8.86 33.04 22.20 11.09 33.29 66.95 26.01 92.96
 
Operating expenses:
Sales and marketing 8.14 4.84 12.98 8.35 5.63 13.98 8.63 5.34 13.97 25.12 15.82 40.94
Technology and development 4.19 3.92 8.11 4.07 4.27 8.34 3.94 4.13 8.06 12.20 12.32 24.52
General and administrative   11.96       1.76       13.72     14.78       1.78       16.56     14.23       2.87       17.10     40.97       6.41       47.38  
Total operating expenses   24.29       10.53       34.82     27.21       11.68       38.89     26.80       12.34       39.13     78.29       34.54       112.84  
Loss from operations (3.73 ) (4.46 ) (8.19 ) (3.02 ) (2.82 ) (5.84 ) (4.60 ) (1.25 ) (5.84 ) (11.34 ) (8.53 ) (19.87 )
Interest and other expense
Interest expense (0.01 ) (0.20 ) (0.21 ) (0.01 ) (0.21 ) (0.22 ) (0.01 ) (0.22 ) (0.24 ) (0.04 ) (0.63 ) (0.66 )
Other income/(expense)   -       0.14       0.14     -       (0.03 )     (0.03 )   -       (0.14 )     (0.14 )   -       (0.04 )     (0.04 )
Total interest and other expense (0.01 ) (0.06 ) (0.07 ) (0.01 ) (0.24 ) (0.25 ) (0.01 ) (0.37 ) (0.38 ) (0.04 ) (0.66 ) (0.70 )
Loss before income taxes (3.74 ) (4.52 ) (8.26 ) (3.03 ) (3.06 ) (6.09 ) (4.61 ) (1.61 ) (6.22 ) (11.38 ) (9.19 ) (20.57 )
Income tax benefit (expense)   (0.02 )     -       (0.02 )   (0.02 )     -       (0.02 )   0.01       -       0.01     (0.03 )     -       (0.03 )
Net loss (3.75 ) (4.52 ) (8.27 ) (3.05 ) (3.06 ) (6.11 ) (4.60 ) (1.61 ) (6.22 ) (11.41 ) (9.19 ) (20.60 )
Accretion of dividends on redeemable convertible preferred stock   -       -       -     -       -       -     -       -       -     -       -       -  
Net loss attributable to common stockholders $ (3.75 )   $ (4.52 )   $ (8.27 ) $ (3.05 )   $ (3.06 )   $ (6.11 ) $ (4.60 )   $ (1.61 )   $ (6.22 ) $ (11.41 )   $ (9.19 )   $ (20.60 )
 
 
AEBITDA
Net Loss $ (3.75 ) $ (4.52 ) $ (8.27 ) $ (3.05 ) $ (3.06 ) $ (6.11 ) $ (4.60 ) $ (1.61 ) $ (6.22 ) $ (11.41 ) $ (9.19 ) $ (20.60 )
Adjustments:
Interest expense, net 0.01 0.20 0.21 0.01 0.21 0.22 0.02 0.22 0.24 0.04 0.63 0.66
Income tax (benefit) expense 0.02 - 0.02 0.02 - 0.02 (0.01 ) - (0.01 ) 0.03 - 0.03
Depreciation and amortization expense 0.94 0.31 1.25 1.06 0.39 1.45 1.14 0.51 1.65 3.15 1.21 4.35
Acquisition-related costs 0.36 - 0.36 0.12 - 0.12 1.79 1.11 2.89 2.27 1.11 3.37
Deferred compensation - - - 0.25 - 0.25 0.25 - 0.25 0.50 - 0.50
Stock-based compensation expense 1.66 0.11 1.77 3.51 0.12 3.62 1.64 0.22 1.86 6.80 0.45 7.25
Jumptap warrant and derivative expense (income)   -       (0.14 )     (0.14 )   -       0.03       0.03     -       0.14       0.14     -       0.04       0.04  
Total net adjustments:   2.98       0.48       3.46     4.97       0.75       5.71     4.83       2.20       7.03     12.78       3.43       16.21  
Adjusted EBITDA $ (0.77 )   $ (4.04 )   $ (4.81 ) $ 1.92     $ (2.31 )   $ (0.40 ) $ 0.22     $ 0.59     $ 0.81   $ 1.37     $ (5.77 )   $ (4.40 )
Adjusted EBITDA % -1.6 % -26.6 % -7.4 % 3.4 % -9.5 % -0.5 % 0.4 % 1.9 % 0.9 % 0.8 % -8.2 % -1.9 %

*Amounts in the tables above have been rounded and therefore may not sum

  2012 Preliminary and Unaudited Pro Forma Combined Statement of Operations   2013 Preliminary and Unaudited Pro Forma Combined Statement of Operations
Millennial Media/ Jumptap Consolidated Income Statement (in millions) (in millions)
Q1 2012   Q2 2012   Q3 2012   Q4 2012   FY 2012 Q1 2013   Q2 2013   Q3 2013   YTD 2013 (9 months)
Millennial Media   Jumptap   Combined Millennial Media   Jumptap   Combined

Millennial
Media

 

Jumptap

 

Combined

Millennial
Media

 

Jumptap

 

Combined

Millennial Media   Jumptap   Combined Millennial Media   Jumptap   Combined Millennial Media   Jumptap   Combined Millennial Media   Jumptap   Combined Millennial Media   Jumptap   Combined
         

 

                       
Revenue $ 32.93 $ 14.93 $ 47.86 $ 39.41 $ 16.16 $ 55.57 $ 47.37 $ 14.66 $ 62.02 $ 57.96 $ 17.89 $ 75.85 $ 177.67 $ 63.63 $ 241.30 $ 49.44 $ 15.18 $ 64.62 $ 57.01 $ 24.31 $ 81.32 $ 56.06 $ 30.47 $ 86.53 $ 162.51 $ 69.96 $ 232.47
Intercompany revenue - - - - - - - - - - - - - - - - - - - - - - - (0.21 ) - - (0.21 )
Net revenue   32.93       14.93       47.86     39.41       16.16       55.57     47.37     14.66     62.02     57.96       17.89       75.85     177.67       63.63       241.30     49.44       15.18       64.62     57.01       24.31       81.32     56.06       30.47       86.32     162.51       69.96       232.26  
Revenue phasing (% of annual) 13.6 % 6.2 % 19.8 % 16.3 % 6.7 % 23.0 % 19.6 % 6.1 % 25.7 % 24.0 % 7.4 % 31.4 % 73.6 % 26.4 % 100.0 %
Cost of revenue 19.92 9.14 29.05 23.76 9.94 33.70 28.01 9.04 37.05 34.06 10.99 45.05 105.74 39.11 144.85 28.87 9.11 37.99 32.82 15.45 48.28 33.86 19.38 53.24 95.56 43.95 139.51
Intercompany cost of revenue   -       -       -     -       -       -     -       -       -     -       -       -     -       -       -     -       -       -     -       -       -     -       -       (0.21 )   -       -       (0.21 )
Net cost of revenue   19.92       9.14       29.05     23.76       9.94       33.70     28.01       9.04       37.05     34.06       10.99       45.05     105.74       39.11       144.85     28.87       9.11       37.99     32.82       15.45       48.28     33.86       19.38       53.03     95.56       43.95       139.30  
Gross profit 13.01 5.79 18.81 15.65 6.22 21.87 19.36 5.62 24.98 23.90 6.90 30.80 71.93 24.53 96.45 20.56 6.07 26.63 24.19 8.86 33.04 22.20 11.09 33.29 66.95 26.01 92.96
 
Operating expenses:
Sales and marketing 4.65 4.11 8.76 5.99 4.45 10.44 5.92 3.75 9.67 7.26 4.90 12.16 23.82 17.21 41.03 8.14 4.84 12.98 8.35 5.63 13.98 8.63 5.34 13.97 25.12 15.82 40.94
Technology and development 2.65 3.24 5.89 2.77 3.33 6.10 4.67 3.16 7.83 3.54 3.22 6.76 13.62 12.95 26.57 4.19 3.92 8.11 4.07 4.27 8.34 3.94 4.13 8.06 12.20 12.32 24.52
General and administrative   8.71       1.20       9.91     9.23       1.56       10.79     10.49       1.64       12.13     10.52       2.50       13.03     38.95       6.91       45.86     11.96       1.76       13.72     14.78       1.78       16.56     14.23       2.87       17.10     40.97       6.41       47.38  
Total operating expenses   16.00       8.55       24.55     17.99       9.34       27.33     21.08       8.56       29.64     21.32       10.63       31.95     76.39       37.07       113.46     24.29       10.53       34.82     27.21       11.68       38.89     26.80       12.34       39.13     78.29       34.54       112.84  
Loss from operations (2.99 ) (2.75 ) (5.74 ) (2.34 ) (3.12 ) (5.46 ) (1.72 ) (2.94 ) (4.66 ) 2.59 (3.73 ) (1.14 ) (4.46 ) (12.55 ) (17.01 ) (3.73 ) (4.46 ) (8.19 ) (3.02 ) (2.82 ) (5.84 ) (4.60 ) (1.25 ) (5.84 ) (11.34 ) (8.53 ) (19.87 )
Interest and other expense
Interest expense (0.02 ) (0.18 ) (0.20 ) (0.02 ) (0.20 ) (0.21 ) (0.01 ) (0.21 ) (0.23 ) (0.01 ) (0.25 ) (0.26 ) (0.06 ) (0.84 ) (0.90 ) (0.01 ) (0.20 ) (0.21 ) (0.01 ) (0.21 ) (0.22 ) (0.01 ) (0.22 ) (0.24 ) (0.04 ) (0.63 ) (0.66 )
Other income/(expense)   (0.96 )     0.03       (0.93 )   0.12       0.12       0.25     -       0.03       0.03     -       0.16       0.16     (0.83 )     0.34       (0.49 )   -       0.14       0.14     -       (0.03 )     (0.03 )   -       (0.14 )     (0.14 )   -       (0.04 )     (0.04 )
Total interest and other expense (0.98 ) (0.15 ) (1.13 ) 0.11 (0.08 ) 0.03 (0.01 ) (0.18 ) (0.19 ) (0.01 ) (0.10 ) (0.11 ) (0.90 ) (0.50 ) (1.40 ) (0.01 ) (0.06 ) (0.07 ) (0.01 ) (0.24 ) (0.25 ) (0.01 ) (0.37 ) (0.38 ) (0.04 ) (0.66 ) (0.70 )
Loss before income taxes (3.97 ) (2.90 ) (6.87 ) (2.23 ) (3.20 ) (5.43 ) (1.73 ) (3.12 ) (4.85 ) 2.57 (3.83 ) (1.25 ) (5.36 ) (13.04 ) (18.41 ) (3.74 ) (4.52 ) (8.26 ) (3.03 ) (3.06 ) (6.09 ) (4.61 ) (1.61 ) (6.22 ) (11.38 ) (9.19 ) (20.57 )
Income tax benefit (expense)   (0.00 )     -       (0.00 )   (0.00 )     -       (0.00 )   (0.04 )     -       (0.04 )   (0.02 )     -       (0.02 )   (0.07 )     -       (0.07 )   (0.02 )     -       (0.02 )   (0.02 )     -       (0.02 )   0.01       -       0.01     (0.03 )     -       (0.03 )
Net loss (3.97 ) (2.90 ) (6.87 ) (2.24 ) (3.20 ) (5.44 ) (1.77 ) (3.12 ) (4.89 ) 2.55 (3.83 ) (1.28 ) (5.43 ) (13.04 ) (18.48 ) (3.75 ) (4.52 ) (8.27 ) (3.05 ) (3.06 ) (6.11 ) (4.60 ) (1.61 ) (6.22 ) (11.41 ) (9.19 ) (20.60 )
Accretion of dividends on redeemable convertible preferred stock   (1.33 )     -       (1.33 )   -       -       -     -       -       -     -       -       -     (1.33 )     -       (1.33 )   -       -       -     -       -       -     -       -       -     -       -       -  
Net loss attributable to common stockholders $ (5.30 )   $ (2.90 )   $ (8.20 ) $ (2.24 )   $ (3.20 )   $ (5.44 ) $ (1.77 )   $ (3.12 )   $ (4.89 ) $ 2.55     $ (3.83 )   $ (1.28 ) $ (6.76 )   $ (13.04 )   $ (19.80 ) $ (3.75 )   $ (4.52 )   $ (8.27 ) $ (3.05 )   $ (3.06 )   $ (6.11 ) $ (4.60 )   $ (1.61 )   $ (6.22 ) $ (11.41 )   $ (9.19 )   $ (20.60 )
 
 
AEBITDA
Net Loss $ (3.97 ) $ (2.90 ) $ (6.87 ) $ (2.24 ) $ (3.20 ) $ (5.44 ) $ (1.77 ) $ (3.12 ) $ (4.89 ) $ 2.55 $ (3.83 ) $ (1.28 ) $ (5.43 ) $ (13.04 ) $ (18.48 ) $ (3.75 ) $ (4.52 ) $ (8.27 ) $ (3.05 ) $ (3.06 ) $ (6.11 ) $ (4.60 ) $ (1.61 ) $ (6.22 ) $ (11.41 ) $ (9.19 ) $ (20.60 )
Adjustments:
Interest expense, net 0.02 0.18 0.20 0.02 0.20 0.21 0.01 0.21 0.23 0.01 0.25 0.26 0.06 0.84 0.90 0.01 0.20 0.21 0.01 0.21 0.22 0.02 0.22 0.24 0.04 0.63 0.66
Income tax (benefit) expense 0.00 - 0.00 0.00 - 0.00 0.04 - 0.04 0.02 - 0.02 0.07 - 0.07 0.02 - 0.02 0.02 - 0.02 (0.01 ) - (0.01 ) 0.03 - 0.03
Depreciation and amortization expense 0.44 0.11 0.55 0.52 0.11 0.63 0.63 0.13 0.76 0.77 0.24 1.01 2.37 0.60 2.96 0.94 0.31 1.25 1.06 0.39 1.45 1.14 0.51 1.65 3.15 1.21 4.35
Acquisition-related costs - - - - - - - - - - - - - - - 0.36 - 0.36 0.12 - 0.12 1.79 1.11 2.89 2.27 1.11 3.37
Deferred compensation - - - - - - - - - - - - - - - - - - 0.25 - 0.25 0.25 - 0.25 0.50 - 0.50
Stock-based compensation expense 1.08 0.14 1.23 0.96 0.13 1.10 3.23 0.12 3.35 2.20 0.13 2.33 7.47 0.53 8.00 1.66 0.11 1.77 3.51 0.12 3.62 1.64 0.22 1.86 6.80 0.45 7.25
Jumptap warrant and derivative expense (income)   -       (0.03 )     (0.03 )   -       (0.12 )     (0.12 )   -       (0.03 )     (0.03 )   -       (0.16 )     (0.16 )   -       (0.34 )     (0.34 )   -       (0.14 )     (0.14 )   -       0.03       0.03     -       0.14       0.14     -       0.04       0.04  
Total net adjustments:   1.55     0.40     1.95     1.51       0.32       1.83     3.91       0.43       4.34     3.01       0.46       3.47     9.97       1.62       11.59     2.98       0.48       3.46     4.97       0.75       5.71     4.83       2.20       7.03     12.78       3.43       16.21  
Adjusted EBITDA $ (2.42 )   $ (2.50 )   $ (4.92 ) $ (0.73 )   $ (2.88 )   $ (3.61 ) $ 2.14     $ (2.69 )   $ (0.55 ) $ 5.56     $ (3.36 )   $ 2.20   $ 4.54     $ (11.43 )   $ (6.88 ) $ (0.77 )   $ (4.04 )   $ (4.81 ) $ 1.92     $ (2.31 )   $ (0.40 ) $ 0.22     $ 0.59     $ 0.81   $ 1.37     $ (5.77 )   $ (4.40 )
Adjusted EBITDA % -7.4 % -16.7 % -10.3 % -1.9 % -17.8 % -6.5 % 4.5 % -18.3 % -0.9 % 9.6 % -18.8 % 2.9 % 2.6 % -18.0 % -2.9 % -1.6 % -26.6 % -7.4 % 3.4 % -9.5 % -0.5 % 0.4 % 1.9 % 0.9 % 0.8 % -8.2 % -1.9 %

*Amounts in the tables above have been rounded and therefore may not sum

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In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
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 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 solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, 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. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
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 has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...