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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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"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.