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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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Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for s...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
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 lead...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, discussed how VPaaS enables you to move fast, creating scalable video experiences that reach your aud...
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 Soli...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
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 ...