|By Business Wire||
|January 30, 2014 05:18 PM EST||
Silicon Image, Inc. (NASDAQ:SIMG), a leading provider of HD connectivity solutions, today reported financial results for its fourth quarter and fiscal year ended December 31, 2013.
Revenue for fiscal year 2013 was $276.4 million, an increase of approximately 9.5% over fiscal year 2012 of $252.4 million. Revenue for the fourth quarter of 2013 was $61.4 million, compared with $59.6 million in the fourth quarter of 2012 and $79.3 million in the third quarter of 2013.
“We remain focused on enhancing shareholder value. 2013 was another year of growth for Silicon Image. We increased earnings per share by more than 30% and also generated more than $33 million in free cash flow,” said Camillo Martino, chief executive officer of Silicon Image, Inc. “We drove new product development, and saw the introduction of new versions of the MHL® and HDMI® standards, which will create additional opportunities for growth. Looking ahead, we expect continued growth in the MHL ecosystem and we are excited about the opportunities for our 60GHz wireless technology.”
GAAP net loss for the fourth quarter of 2013 was $1.0 million, or $0.01 per share, compared with a GAAP net income of $9.0 million, or $0.11 per diluted share, for the third quarter of 2013 and a GAAP net loss of $0.3 million, or $0.00 per share, for the fourth quarter of 2012. GAAP net income for fiscal year 2013 was $11.5 million, or $0.15 per diluted share, compared with a net loss for fiscal year 2012 of $11.2 million, or $0.14 per share.
Non-GAAP net income for the fourth quarter of 2013 was $4.1 million, or $0.05 per diluted share, compared with a non-GAAP net income of $9.2 million, or $0.12 per diluted share, for the third quarter of 2013, and a non-GAAP net income of $6.2 million, or $0.08 per diluted share, for the fourth quarter of 2012. Non-GAAP net income for fiscal year 2013 was $22.9 million, or $0.29 per diluted share, compared with a net income for fiscal year 2012 of $18.5 million, or $0.22 per share. Non-GAAP net income for these periods excludes stock-based compensation expense, amortization of intangible assets, business acquisition related expenses, other than temporary impairment of a privately-held company investment, proceeds from legal settlement, restructuring charges, impairment of intangible assets and write-down (recovery) of certain unsalable inventory.
A reconciliation of GAAP and non-GAAP items is provided in a table following the Condensed Consolidated Statements of Operations.
Pursuant to the previously announced share repurchase program, Silicon Image repurchased approximately 308,000 shares of its common stock for $1.6 million at an average price of approximately $5.27 per share during the fourth quarter of 2013. The company’s cash and short-term investments balance as of December 31, 2013 was $138.2 million.
The following are Silicon Image’s financial performance estimates for the first quarter of 2014:
$58 million to $62 million
59% - 60%
|GAAP operating expenses:||approximately $34.5 million|
|Non-GAAP operating expenses:||approximately $31 million|
|Diluted shares outstanding:||approximately 79 million|
|Non-GAAP tax rate:||approximately 28% of non-GAAP pre-tax income|
Use of Non-GAAP Financial Information
Silicon Image presents and discusses gross margin, operating expenses, net income (loss) and basic and diluted net income (loss) per share in accordance with Generally Accepted Accounting Principles (GAAP), and on a non-GAAP basis for informational purposes only. Silicon Image believes that non-GAAP reporting, giving effect to the adjustments shown in the attached reconciliation, provides meaningful information and therefore uses non-GAAP reporting to supplement its GAAP reporting and internally in evaluating operations, managing and monitoring performance, and determining bonus compensation. Further, Silicon Image uses non-GAAP information as certain non-cash charges such as stock-based compensation expense, amortization of intangible assets, business acquisition related expenses, other than temporary impairment of a privately-held company investment, proceeds from legal settlement, restructuring charges, impairment of intangible assets and write-down (recovery) of certain unsalable inventory do not reflect the cash operating results of the business. Silicon Image has chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of its operating results and to illustrate the results of operations giving effect to such non-GAAP adjustments. The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.
Silicon Image will host an investor conference call today to discuss its fiscal 2013 and fourth quarter of 2013 results at 2:00 p.m. Pacific Time and will webcast the event. To access the conference call, dial 877-941-1427 or 480-629-9664 and enter pass code 4662072. The webcast and replay will be accessible on Silicon Image's investor relations website at http://www.SiliconImage.com. A replay of the conference call will be available within two hours of the conclusion of the conference call through February 13, 2014. To access the replay, please dial 800-406-7325 or 303-590-3030 and enter pass code 4662072.
About Silicon Image, Inc.
Silicon Image is a leading provider of connectivity solutions that enable the reliable distribution and presentation of high-definition content for mobile, consumer electronics, and PC markets. The company delivers its technology via semiconductor and intellectual property products that are compliant with global industry standards and feature market leading Silicon Image innovations such as InstaPort™ and InstaPrevue™. Silicon Image's products are deployed by the world's leading electronics manufacturers in devices such as mobile phones, tablets, DTVs, Blu-ray Disc™ players, audio-video receivers, digital cameras, as well as desktop and notebook PCs. Silicon Image has driven the creation of the highly successful HDMI® and DVI™ industry standards, the latest standard for mobile devices — MHL®, and the leading 60GHz wireless HD video standard — WirelessHD®. Via its wholly-owned subsidiary, Simplay Labs, Silicon Image offers manufacturers comprehensive standards interoperability and compliance testing services. For more information, visit us at http://www.siliconimage.com/.
Silicon Image and the Silicon Image logo are trademarks, registered trademarks or service marks of Silicon Image, Inc. in the United States and/or other countries. All other trademarks and registered trademarks are the property of their respective owners in the United States and/or other countries.
This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements include, but are not limited to, statements related to Silicon Image's future operating results, including revenue, gross margin, operating expenses, tax rates, company growth, progress and stock repurchases. These forward-looking statements involve risks and uncertainties, including the risks of uncertain economic conditions, competition in our markets, Silicon Image's ability to deliver financial performance in-line with its stated goals and other risks and uncertainties described from time to time in Silicon Image's filings with the U.S. Securities and Exchange Commission (SEC). These risks and uncertainties could cause the actual results to differ materially from those anticipated by these forward-looking statements. In addition, see the Risk Factors section of the most recent Form 10-K and 10-Q filed by Silicon Image with the SEC. These forward-looking statements are made on the date of this press release, and Silicon Image assumes no obligation to update any such forward-looking information.
|SILICON IMAGE, INC.|
|CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS|
|(In thousands, except per share amounts)|
|Three Months Ended||Twelve Months Ended|
|December 31,||September 30,||December 31,||December 31,||
|Cost of revenue and operating expenses:|
|Cost of product revenue (1)(2)(3)||22,897||33,222||30,105||112,940||109,815|
|Cost of licensing revenue||267||185||220||881||626|
|Research and development (4)||19,787||18,424||17,305||76,994||77,372|
|Selling, general and administrative (5)||16,046||16,191||12,279||64,736||57,446|
|Amortization and impairment of acquisition-related intangible assets||230||405||(889||)||1,116||599|
|Total cost of revenue and operating expenses||60,534||
|Income from operations||843||10,401||638||17,956||6,396|
|Proceeds from legal settlement||-||-||-||1,275||-|
|Other than temporary impairment of a privately-held company investment||-||-||-||(1,500||)||(7,467||)|
|Interest income and other, net||144||168||555||1,203||1,661|
|Income before provision for income taxes and equity in net loss of an unconsolidated affiliate||987||10,569||1,193||18,934||590|
|Income tax expense||1,837||1,488||1,458||6,955||9,979|
|Equity in net loss of an unconsolidated affiliate||114||116||-||489||1,803|
|Net income (loss)||$||(964||)||$||8,965||$||(265||)||$||11,490||$||(11,192||)|
|Net income (loss) per share – basic||$||(0.01||)||$||0.12||$||(0.00||)||$||0.15||$||(0.14||)|
|Net income (loss) per share – diluted||$||(0.01||)||$||0.11||$||(0.00||)||$||0.15||$||(0.14||)|
|Weighted average shares – basic||77,417||77,530||79,564||77,399||81,872|
|Weighted average shares – diluted||77,417||78,995||79,564||79,065||81,872|
|(1) Includes restructuring expense||$||284||$||-||$||-||$||284||$||-|
|(2) Includes amortization of acquisition-related intangible assets||$||225||$||250||$||250||$||975||$||425|
|(3) Includes stock-based compensation expense||$||152||$||163||$||104||$||603||$||523|
|(4) Includes stock-based compensation expense||$||852||$||879||$||871||$||3,576||$||3,585|
|(5) Includes stock-based compensation expense||$||1,687||$||1,440||$||1,200||$||6,336||$||5,096|
|SILICON IMAGE, INC.|
|GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME RECONCILIATION|
|(In thousands, except per share amounts)|
|Three Months Ended||Twelve Months Ended|
|December 31,||December 31,||
|GAAP net income (loss)||$ (964)||$ 8,965||$ (265)||$ 11,490||$ (11,192)|
|Stock-based compensation expense (1)||2,691||2,482||2,175||10,515||9,204|
|Amortization of intangible assets (2)||455||480||(639)||1,916||1,024|
|Amortization of intangible assets of an unconsolidated affiliate (2)||40||52||-||168||402|
|Strategic initiative and acquisition related expenses (2)||1,000||-||-||1,000||3,257|
|Restructuring expense (3)||1,591||483||(54)||2,067||110|
|Other than temporary impairment of a privately-held company investment (3)||-||-||-||1,500||7,467|
|Impairment of intangible asset (3)||-||175||-||175||-|
|Write-down (recovery) of certain unsalable inventory (3)||(825)||(960)||6,245||(1,785)||6,245|
|Proceeds from legal settlement (3)||-||-||-||(1,275)|
|Non-GAAP net income before tax adjustments||3,988||11,677||7,462||25,771||16,517|
|Tax adjustments (4)||89||(2,462)||(1,218)||(2,864)||2,030|
|Non-GAAP net income||$ 4,077||$ 9,215||$ 6,244||$ 22,907||$ 18,547|
|Non-GAAP net income per share — basic||$ 0.05||$ 0.12||$ 0.08||$ 0.30||$ 0.23|
|Non-GAAP net income per share — diluted||$ 0.05||$ 0.12||$ 0.08||$ 0.29||$ 0.22|
|Weighted average shares — basic||77,417||77,530||79,564||77,399||81,872|
|Weighted average shares — diluted||78,990||78,995||80,389||79,065||82,871|
|Stock-based compensation expense is composed of the following:|
|Cost of revenue||$ 152||$ 163||$ 104||$ 603||$ 523|
|Research and development||852||879||871||3,576||3,585|
|Selling, general and administrative||1,687||1,440||1,200||6,336||5,096|
|Total||$ 2,691||$ 2,482||$ 2,175||$ 10,515||$ 9,204|
Discussion of Non-GAAP Financial Measures
(1) Stock-Based Compensation Related Items: Stock-based compensation expense relates primarily to equity awards, such as stock options and restricted stock units. Stock-based compensation is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond our control. As such, management excludes this item from our internal operating forecasts and models. Management believes that non-GAAP measures adjusted for stock-based compensation provide investors with a basis to measure our core performance against the performance of other companies without the variability created by stock-based compensation as a result of the variety of equity awards used by companies and the varying methodologies and subjective assumptions used in determining such non-cash expense.
(2) Strategic Initiative and Acquisition Related Items: We exclude certain expense items resulting from our strategic initiative and acquisitions including the following, when applicable: (i) amortization of purchased intangible assets associated with our acquisitions; or relating to our unconsolidated affiliates and (ii) strategic initiative and acquisition-related charges. The amortization of purchased intangible assets associated with our acquisitions results in our recording expenses in our GAAP financial statements that were already expensed by the acquired company before the acquisition and for which we have not expended cash. Moreover, had we internally developed the products acquired, the amortization of intangible assets, and the expenses of uncompleted research and development would have been expensed in prior periods. Accordingly, we analyze the performance of our operations in each period without regard to such expenses. In addition, our strategic initiatives and acquisitions result in non-continuing operating expenses, which would not otherwise have been incurred by us in the normal course of our business operations. During January 2012, we established a research and development center in Hyderabad, India, whereby we hired 75 employees from our subcontractor and had to incur a onetime fee of approximately $3 million towards acquiring these employees. In October 2012, we executed a warrant purchase agreement with a privately-held company which give us an option to purchase the privately-held company’s preferred stock. We also agreed to pay specific amounts to the privately-held company if certain conditions were met. In the fourth quarter of fiscal 2013, as a result of us executing an agreement with a specific customer, one of the earn-out conditions were met and we paid the privately-held company $1.0 million. We do not expect a fee of similar nature to be paid in our normal course of business and consider it infrequent and non-recurring. We believe that providing non-GAAP information for strategic initiative and acquisition-related expense items in addition to the corresponding GAAP information allows the users of our financial statements to better review and understand the historic and current results of our continuing operations, and also facilitates comparisons to less acquisitive peer companies.
(3) Other Items: We exclude certain other items that are the result of either unique or unplanned events including the following, when applicable: (i) other than temporary impairment of a privately held company investment, (ii) proceeds from legal settlement, (iii) restructuring and related costs, (iv) impairment of intangible assets and (v) write-down (recovery) of certain unsalable inventory. It is difficult to estimate the amount or timing of these items in advance. Other than temporary impairment of a privately held company investment was recorded due to the conclusion that the possibility is remote that we will exercise our warrants to purchase the entity’s preferred stock or that we will realize any other value from these investments. Proceeds from legal settlement relates to our acquisition of SiBEAM, Inc on May 16, 2011. We do not expect the payment of similar nature to be received in our normal course of business and consider it infrequent and non-recurring. Restructuring charges result from events which arise from unforeseen circumstances, which often occur outside of the ordinary course of continuing operations. We recognized impairment of an intangible asset because the sum of its estimated future undiscounted cash flows used to test for recoverability is less than its carrying value. In the fourth quarter of 2012, we wrote-down certain unsalable inventory, for which we were seeking recovery from the vendor who supplied the inventory. In the third quarter of 2013, we entered into a settlement with a vendor and received recovery related to previously written-down inventory in the third and fourth quarter of 2013. The inventory write-down and subsequent recovery are unusual and one-time events, which we do not expect to recur. Although these events are reflected in our GAAP financials, these unique transactions may limit the comparability of our on-going operations with prior and future periods. As such, we believe that these expenses do not accurately reflect the underlying performance of our continuing operations for the period in which they are incurred. We assess our operating performance both with these amounts included and excluded, and by providing this information, we believe the users of our financial statements are better able to understand the financial results of what we consider our continuing operations.
(4) Tax adjustments: For the three and twelve months ended December 31, 2013 and 2012 and the three months ended September 30, 2013, our non-GAAP tax rate was approximately 30% of non-GAAP pre-tax income. Non-GAAP tax rate is primarily based on net expected cash flow for income taxes.
|SILICON IMAGE, INC.|
|CONDENSED CONSOLIDATED BALANCE SHEETS|
|December 31, 2013||December 31, 2012|
|Cash and cash equivalents||$||82,220||$||29,069|
|Accounts receivable, net||34,729||37,936|
|Prepaid expenses and other current assets||7,733||8,105|
|Deferred income taxes||191||841|
Total current assets
|Property and equipment, net||14,676||14,840|
|Deferred income taxes, non-current||4,368||4,144|
|Intangible assets, net||10,348||11,452|
|LIABILITIES AND STOCKHOLDERS' EQUITY|
|Accrued and other current liabilities||20,622||19,600|
|Deferred margin on sales to distributors||9,634||10,340|
|Deferred license revenue||2,742||2,185|
|Total current liabilities||45,892||42,815|
|Other long-term liabilities||16,522||16,827|
|Total liabilities and stockholders’ equity||$||252,139||$||226,742|
|SILICON IMAGE, INC.|
|CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS|
|Year Ended December 31,|
|Cash flows from operating activities:|
|Net income (loss)||$||11,490||$||(11,192||)|
|Adjustments to reconcile net income (loss) to cash provided by operating activities:|
|Stock-based compensation expense||10,515||9,204|
|Amortization of investment premium||1,048||1,995|
|Tax benefits from employee stock-based transactions||354||498|
|Amortization and impairment of intangible assets||3,124||1,331|
|Deferred income taxes||426||429|
|Excess tax benefits from employee stock-based transactions||(354||)||(498||)|
|Non-operating proceeds from legal settlement||(1,275||)||-|
|Other than temporary impairment of a privately-held company investment||1,500||7,467|
|Equity in net loss of unconsolidated affiliate||489||1,803|
|Changes in assets and liabilities:|
|Prepaid expenses and other assets||94||1,124|
|Accrued and other liabilities||941||(3,581||)|
|Deferred margin on sales to distributors||557||2,531|
|Deferred license revenue||(706||)||(505||)|
|Cash provided by operating activities||39,192||4,676|
|Cash flows from investing activities:|
|Proceeds from sales of short-term investments||62,699||104,765|
|Purchases of short-term investments||(41,053||)||(60,612||)|
|Purchases of property and equipment||(5,761||)||(8,885||)|
|Proceeds from legal settlement||1,275||-|
|Investment in privately-held companies||(1,500||)||(8,750||)|
|Cash paid for assets purchased from a privately-held company||(300||)||(1,200||)|
|Advances for intellectual properties||(2,031||)||(1,242||)|
|Cash provided by investing activities||13,432||24,076|
|Cash flows from financing activities:|
|Proceeds from employee stock program||5,545||5,631|
|Excess tax benefits from employee stock-based transactions||354||498|
|Repurchase of restricted stock units for income tax withholding||(1,981||)||(2,179||)|
|Payment to acquire treasure shares||(3,005||)||(39,684||)|
|Cash paid to settle contingent consideration liabilities||(81||)||(1,054||)|
|Cash provided by (used in) financing activities||832||(36,788||)|
|Effect of exchange rate changes on cash and cash equivalents||(305||)||(20||)|
|Net increase (decrease) in cash and cash equivalents||53,151||(8,056||)|
|Cash and cash equivalents — beginning of year||29,069||37,125|
|Cash and cash equivalents — end of year||$||82,220||$||29,069|
|Supplemental cash flow information:|
|Cash payment for income taxes||$||(6,476||)||$||(6,389||)|
|Restricted stock units vested||$||5,617||$||6,276|
|Property and equipment and other assets purchased but not paid for||$||668||$||2,380|
|Unrealized gain (loss) on available-for-sale securities||$||(223||)||$||40|
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Mar. 30, 2017 06:00 AM EDT Reads: 3,133
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists l...
Mar. 30, 2017 05:00 AM EDT Reads: 10,092
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Mar. 30, 2017 04:45 AM EDT Reads: 3,334
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Mar. 30, 2017 04:45 AM EDT Reads: 436
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 30, 2017 04:45 AM EDT Reads: 3,361
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Mar. 30, 2017 04:15 AM EDT Reads: 990
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...
Mar. 30, 2017 04:15 AM EDT Reads: 2,273
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Mar. 30, 2017 04:00 AM EDT Reads: 3,251
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Mar. 30, 2017 03:45 AM EDT Reads: 3,486
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place 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. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Mar. 30, 2017 02:15 AM EDT Reads: 4,144
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 30, 2017 01:30 AM EDT Reads: 2,658
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Mar. 30, 2017 01:15 AM EDT Reads: 1,259
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
Mar. 30, 2017 01:00 AM EDT Reads: 8,356
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...
Mar. 30, 2017 12:45 AM EDT Reads: 753
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Mar. 30, 2017 12:30 AM EDT Reads: 1,561