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Brink's To Report Venezuela Results at SICAD II Exchange Rate

RICHMOND, Va., April 14, 2014 /PRNewswire/ -- The Brink's Company (NYSE: BCO) announced today that it will no longer use Venezuela's official exchange rate of 6.3 bolivars per U.S. dollar and has adopted the government's SICAD II floating rate of approximately 50 bolivars per U.S. dollar, which took effect on March 24.  

As a result of the devaluation, Brink's expects to incur a first-quarter remeasurement charge related to the write down of substantially all of its bolivar-denominated net monetary assets.  At December 31, 2013, bolivar-denominated net monetary assets totaled $120 million.

Tom Schievelbein, chairman, president and chief executive officer, said: "Brink's has been operating in Venezuela for more than 40 years, through numerous economic cycles.  We remain committed to this business, which is extremely well-managed by our local team and has demonstrated strong operational and financial performance."          

For comparative purposes, Brink's provided hypothetical 2013 quarterly and full-year non-GAAP results, adjusted to reflect the devaluation (pages 4-7).  Applying the current SICAD II rate, the $447 million of 2013 revenue from Venezuela operations would have declined 88% to approximately $56 million, which is consistent with the company's disclosure in its 2013 annual report on Form 10-K that a substantial devaluation could reduce revenue by $400 million.  In 2013, non-GAAP net income from continuing operations would have been $1.55 per share, a decrease of $.82 from reported earnings of $2.37 per share ($1.47 on a GAAP basis), which is consistent with previous disclosure that Venezuela operations represented a significant component of the company's operating profit.  Brink's also indicated in previous disclosures that a devaluation would put at risk the company's bolivar-denominated cash and cash equivalents, which totaled $94 million on December 31, 2013.  Applying the current SICAD II rate, these assets would have been valued at $12 million as of December 31, 2013.    

1

Brink's is scheduled to report its first-quarter 2014 earnings on April 24.  First-quarter GAAP and non-GAAP earnings will include results from Venezuela for January 1 through March 23 at the official rate (6.3), with the balance of March results reported at the SICAD II rate (approximately 50).  For comparative purposes, the company also will provide first-quarter results with Venezuela results translated at the SICAD II rate for the entire period and additional information, including an update to its full-year guidance.     

Brink's had been reporting its Venezuela results at the official exchange rate (6.3) but, as disclosed in its 2013 annual report on Form 10-K, was unable to convert bolivars at this rate.  In 2013, the Venezuelan government introduced a new exchange rate mechanism, known as SICAD, which enables some companies to convert currency for certain transactions at a rate of approximately 11 bolivars per U.S. dollar.  On March 24, the newly created SICAD II exchange mechanism became available and is the only rate at which Brink's has been able to successfully exchange its bolivars for U.S. dollars.  Since Brink's is eligible and has been able to obtain U.S. dollars at the SICAD II rate (approximately 50), and is not eligible to apply for exchange at the official rate (6.3), and does not expect to be able to access the SICAD rate (11), it is adopting the SICAD II rate for reporting Venezuela results. 

Non-GAAP and Adjusted Non-GAAP Results
Non-GAAP and Adjusted Non-GAAP results described in this press release are financial measures that are not required by or presented in accordance with U.S. generally accepted accounting principles ("GAAP").  The purpose of the Non-GAAP results is to report financial information without certain income and expense items and adjust the quarterly Non-GAAP tax rates so that the Non-GAAP tax rate in each of the quarters is equal to the full-year non-GAAP tax rate.  The full year Non-GAAP tax rate in both years excludes certain pretax and tax income and expense amounts.  The purpose of Adjusted Non-GAAP results is to report historical Non-GAAP financial information assuming that our Venezuelan operations had been remeasured using a rate of 50 bolivars to the U.S. dollar.

The Non-GAAP and Adjusted Non-GAAP information provides information to assist comparability and estimates of future performance.  Brink's believes these measures are helpful in assessing operations and estimating future results and enable period-to-period comparability of financial performance.  In addition, Brink's believes the measures will help investors assess the ongoing operations.  Non-GAAP and Adjusted Non-GAAP results should not be considered as an alternative to revenue, income or earnings per share amounts determined in accordance with GAAP and should be read in conjunction with their GAAP counterparts.

Forward-Looking Statements
This release contains both historical and forward-looking information. Words such as "anticipates," "assumes," "estimates," "expects," "projects," "predicts," "intends," "plans," "believes," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in this release includes, but is not limited to an expected first quarter charge related to a devaluation in Venezuela and future access to exchange mechanisms in Venezuela. Forward-looking information in this document is subject to known and unknown risks, uncertainties and contingencies, which are difficult to predict or quantify, and which could cause actual results, performance or achievements to differ materially from those that are anticipated.

These risks, uncertainties and contingencies, many of which are beyond our control, include, but are not limited to:

  • risks customarily associated with operating in foreign countries including changing labor and economic conditions, currency devaluations, safety and security issues, political instability, restrictions on repatriation of earnings and capital, nationalization, expropriation and other forms of restrictive government actions,
  • the strength of the U.S. dollar relative to foreign currencies and foreign currency exchange rates,
  • the stability of the Venezuelan economy, changes in Venezuelan policy regarding foreign-owned businesses,
  • changes in currency restrictions and in foreign exchange rates,
  • fluctuations in value of the Venezuelan bolivar,
  • changes in estimates and assumptions underlying our critical accounting policies, and
  • the promulgation and adoption of new accounting standards and interpretations, new government regulations and interpretations of existing regulations.

This list of risks, uncertainties and contingencies is not intended to be exhaustive. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the period ended December 31, 2013, and in our other public filings with the Securities and Exchange Commission. The forward-looking information included in this document is representative only as of the date of this document and The Brink's Company undertakes no obligation to update any information contained in this document.

2



The Brink's Company and subsidiaries
GAAP and Non-GAAP Results as Previously Reported (Unaudited)
(In millions, except for per share amounts)






2013



1Q


2Q


3Q


4Q


Full Year

















GAAP Basis

Revenues:












Latin America

$

412.9


413.6


423.8


470.4


1,720.7


EMEA


277.8


293.4


301.2


305.9


1,178.3


North America


223.2


226.3


222.5


226.4


898.4


Asia Pacific


36.6


36.6


34.9


36.7


144.8



Revenues

$

950.5


969.9


982.4


1,039.4


3,942.2














Operating profit:












Latin America

$

23.4


24.4


42.8


59.3


149.9


EMEA


8.6


18.7


32.1


22.1


81.5


North America


(2.0)


6.3


0.2


0.2


4.7


Asia Pacific


4.3


5.0


4.8


2.6


16.7



Segment operating profit


34.3


54.4


79.9


84.2


252.8


Non-segment


(17.0)


(21.6)


(20.7)


(21.8)


(81.1)



Operating profit

$

17.3


32.8


59.2


62.4


171.7














Amounts attributable to Brink's:











Income from continuing operations

$

2.9


13.2


29.8


26.0


71.9

Diluted EPS – continuing operations


0.06


0.27


0.61


0.53


1.47

















Non-GAAP Basis

Revenues:












Latin America

$

412.9


413.6


423.8


470.4


1,720.7


EMEA


277.8


293.4


301.2


305.9


1,178.3


North America


223.2


226.3


222.5


226.4


898.4


Asia Pacific


36.6


36.6


34.9


36.7


144.8



Revenues

$

950.5


969.9


982.4


1,039.4


3,942.2














Operating profit:












Latin America

$

37.1


24.9


43.6


62.4


168.0


EMEA


8.6


18.7


32.1


22.1


81.5


North America


0.9


9.2


3.1


3.1


16.3


Asia Pacific


4.3


5.0


4.8


3.5


17.6



Segment operating profit


50.9


57.8


83.6


91.1


283.4


Non-segment


(7.6)


(11.4)


(11.3)


(12.3)


(42.6)



Operating profit

$

43.3


46.4


72.3


78.8


240.8














Amounts attributable to Brink's:











Income from continuing operations

$

18.7


22.8


35.4


39.0


115.9

Diluted EPS – continuing operations


0.38


0.47


0.72


0.79


2.37


Amounts may not add due to rounding.  Non-GAAP results are reconciled to applicable GAAP results on pages 5-7.


The Brink's Company and subsidiaries
Non-GAAP Results Adjusted for Venezuelan Results at 50 Bolivars per U.S. Dollar (Unaudited)
(In millions, except for per share amounts)






2013



1Q


2Q


3Q


4Q


Full Year

















Non-GAAP Results Adjusted for Venezuelan Results at 50 Bolivars per U.S. Dollar

Revenues:












Latin America

$

328.4


329.7


323.7


347.4


1,329.2


EMEA


277.8


293.4


301.2


305.9


1,178.3


North America


223.2


226.3


222.5


226.4


898.4


Asia Pacific


36.6


36.6


34.9


36.7


144.8



Revenues

$

866.0


886.0


882.3


916.4


3,550.7














Operating profit:












Latin America

$

17.6


14.8


21.7


39.1


93.2


EMEA


8.6


18.7


32.1


22.1


81.5


North America


0.9


9.2


3.1


3.1


16.3


Asia Pacific


4.3


5.0


4.8


3.5


17.6



Segment operating profit


31.4


47.7


61.7


67.8


208.6


Non-segment


(7.6)


(11.4)


(11.3)


(12.3)


(42.6)



Operating profit

$

23.8


36.3


50.4


55.5


166.0














Amounts attributable to Brink's:











Income from continuing operations

$

9.2


16.1


22.8


27.8


75.9

Diluted EPS – continuing operations


0.19


0.33


0.46


0.57


1.55


Amounts may not add due to rounding.  Non-GAAP Results Adjusted for Venezuelan Results at 50 bolivars per U.S. dollar are reconciled to applicable GAAP results on pages 5 – 7.


The Brink's Company and subsidiaries
Non-GAAP and Adjusted Non-GAAP(g) Results Reconciled to GAAP (Unaudited)
(In millions, except for per share amounts)




GAAP
Basis


Gains and
Losses on
Acquisitions
and
Dispositions

(a)


Net Monetary
Asset Re-
measurement
Losses in
Venezuela

(b)


Employee
Benefit
Settlement
Losses

 (c)


U.S.
Retirement
Plans

(d)


Adjust
Income
Tax Rate

(e)


Non-
GAAP
Basis


Adjust
Venezuela
to 50
Bolivars to the U.S.
Dollar

(f)


Adjusted
Non-
GAAP
Basis

(g)

























First Quarter 2013

Revenues:




















Latin America

$

412.9


-


-


-


-


-


412.9


(84.5)


328.4


EMEA


277.8


-


-


-


-


-


277.8


-


277.8


North America


223.2


-


-


-


-


-


223.2


-


223.2


Asia Pacific


36.6


-


-


-


-


-


36.6


-


36.6



Revenues

$

950.5


-


-


-


-


-


950.5


(84.5)


866.0






















Operating profit:




















Latin America

$

23.4


-


13.4


0.3


-


-


37.1


(19.5)


17.6


EMEA


8.6


-


-


-


-


-


8.6


-


8.6


North America


(2.0)


-


-


-


2.9


-


0.9


-


0.9


Asia Pacific


4.3


-


-


-


-


-


4.3


-


4.3



Segment operating profit


34.3


-


13.4


0.3


2.9


-


50.9


(19.5)


31.4


Non-segment


(17.0)


(1.1)


-


-


10.5


-


(7.6)


-


(7.6)



Operating profit

$

17.3


(1.1)


13.4


0.3


13.4


-


43.3


(19.5)


23.8






















Amounts attributable to Brink's:



















Income from continuing operations

$

2.9


(1.1)


8.4


0.2


8.2


0.1


18.7


(9.5)


9.2

Diluted EPS – continuing operations


0.06


(0.02)


0.17


-


0.17


-


0.38


(0.19)


0.19










Second Quarter 2013

Revenues:




















Latin America

$

413.6


-


-


-


-


-


413.6


(83.9)


329.7


EMEA


293.4


-


-


-


-


-


293.4


-


293.4


North America


226.3


-


-


-


-


-


226.3


-


226.3


Asia Pacific


36.6


-


-


-


-


-


36.6


-


36.6



Revenues

$

969.9


-


-


-


-


-


969.9


(83.9)


886.0






















Operating profit:




















Latin America

$

24.4


-


-


0.5


-


-


24.9


(10.1)


14.8


EMEA


18.7


-


-


-


-


-


18.7


-


18.7


North America


6.3


-


-


-


2.9


-


9.2


-


9.2


Asia Pacific


5.0


-


-


-


-


-


5.0


-


5.0



Segment operating profit


54.4


-


-


0.5


2.9


-


57.8


(10.1)


47.7


Non-segment


(21.6)


-


-


-


10.2


-


(11.4)


-


(11.4)



Operating profit

$

32.8


-


-


0.5


13.1


-


46.4


(10.1)


36.3






















Amounts attributable to Brink's:



















Income from continuing operations

$

13.2


-


-


0.4


7.7


1.5


22.8


(6.7)


16.1

Diluted EPS – continuing operations


0.27


-


-


0.01


0.16


0.03


0.47


(0.14)


0.33


See page 7 for notes.

5


The Brink's Company and subsidiaries
Non-GAAP and Adjusted Non-GAAP(g) Results Reconciled to GAAP (Unaudited)
(In millions, except for per share amounts)




GAAP
Basis


Gains and
Losses on
Acquisitions
and
Dispositions

(a)


Net Monetary
Asset Re-
measurement
Losses in
Venezuela

(b)


Employee
Benefit
Settlement
Losses

 (c)


U.S.
Retirement
Plans

(d)


Adjust
Income
Tax
Rate

(e)


Non-
GAAP
Basis


Adjust
Venezuela
to 50
Bolivars to
the U.S.
Dollar

(f)


Adjusted
Non-
GAAP
Basis

(g)



























Third Quarter 2013


Revenues:





















Latin America

$

423.8


-


-


-


-


-


423.8


(100.1)


323.7



EMEA


301.2


-


-


-


-


-


301.2


-


301.2



North America


222.5


-


-


-


-


-


222.5


-


222.5



Asia Pacific


34.9


-


-


-


-


-


34.9


-


34.9




Revenues

$

982.4


-


-


-


-


-


982.4


(100.1)


882.3
























Operating profit:





















Latin America

$

42.8


-


-


0.8


-


-


43.6


(21.9)


21.7



EMEA


32.1


-


-


-


-


-


32.1


-


32.1



North America


0.2


-


-


-


2.9


-


3.1


-


3.1



Asia Pacific


4.8


-


-


-


-


-


4.8


-


4.8




Segment operating profit


79.9


-


-


0.8


2.9


-


83.6


(21.9)


61.7



Non-segment


(20.7)


(0.9)


-


-


10.3


-


(11.3)


-


(11.3)




Operating profit

$

59.2


(0.9)


-


0.8


13.2


-


72.3


(21.9)


50.4
























Amounts attributable to Brink's:




















Income from continuing operations

$

29.8


(0.9)


-


0.6


7.7


(1.8)


35.4


(12.6)


22.8


Diluted EPS – continuing operations


0.61


(0.02)


-


0.01


0.16


(0.04)


0.72


(0.26)


0.46

















































Fourth Quarter 2013


Revenues:





















Latin America

$

470.4


-


-


-


-


-


470.4


(123.0)


347.4



EMEA


305.9


-


-


-


-


-


305.9


-


305.9



North America


226.4


-


-


-


-


-


226.4


-


226.4



Asia Pacific


36.7


-


-


-


-


-


36.7


-


36.7




Revenues

$

1,039.4


-


-


-


-


-


1,039.4


(123.0)


916.4
























Operating profit:





















Latin America

$

59.3


2.2


-


0.9


-


-


62.4


(23.3)


39.1



EMEA


22.1


-


-


-


-


-


22.1


-


22.1



North America


0.2


-


-


-


2.9


-


3.1


-


3.1



Asia Pacific


2.6


0.9


-


-


-


-


3.5


-


3.5




Segment operating profit


84.2


3.1


-


0.9


2.9


-


91.1


(23.3)


67.8



Non-segment


(21.8)


(0.8)


-


-


10.3


-


(12.3)


-


(12.3)




Operating profit

$

62.4


2.3


-


0.9


13.2


-


78.8


(23.3)


55.5
























Amounts attributable to Brink's:




















Income from continuing operations

$

26.0


4.0


-


0.6


8.2


0.2


39.0


(11.2)


27.8


Diluted EPS – continuing operations


0.53


0.08


-


0.01


0.17


-


0.79


(0.23)


0.57



See page 7 for notes.

The Brink's Company and subsidiaries
Non-GAAP and Adjusted Non-GAAP(g) Results Reconciled to GAAP (Unaudited)
(In millions, except for per share amounts)




GAAP
Basis


Gains and
Losses on
Acquisitions
and
Dispositions

(a)


Net Monetary
Asset Re-
measurement
Losses in
Venezuela

(b)


Employee
Benefit
Settlement
Losses

(c)


U.S.
Retirement
Plans

(d)


Adjust
Income
Tax
Rate

(e)


Non-
GAAP
Basis


Adjust
Venezuela
to 50
Bolivars to
the U.S.
Dollar

(f)


Adjusted
Non-
GAAP
Basis

(g)

























Full Year 2013

Revenues:




















Latin America

$

1,720.7


-


-


-


-


-


1,720.7


(391.5)


1,329.2


EMEA


1,178.3


-


-


-


-


-


1,178.3


-


1,178.3


North America


898.4


-


-


-


-


-


898.4


-


898.4


Asia Pacific


144.8


-


-


-


-


-


144.8


-


144.8



Revenues

$

3,942.2


-


-


-


-


-


3,942.2


(391.5)


3,550.7






















Operating profit:




















Latin America

$

149.9


2.2


13.4


2.5


-


-


168.0


(74.8)


93.2


EMEA


81.5


-


-


-


-


-


81.5


-


81.5


North America


4.7


-


-


-


11.6


-


16.3


-


16.3


Asia Pacific


16.7


0.9


-


-


-


-


17.6


-


17.6



Segment operating profit


252.8


3.1


13.4


2.5


11.6


-


283.4


(74.8)


208.6


Non-segment


(81.1)


(2.8)


-


-


41.3


-


(42.6)


-


(42.6)



Operating profit

$

171.7


0.3


13.4


2.5


52.9


-


240.8


(74.8)


166.0






















Amounts attributable to Brink's:



















Income from continuing operations

$

71.9


2.0


8.4


1.8


31.8


-


115.9


(40.0)


75.9

Diluted EPS – continuing operations


1.47


0.04


0.17


0.04


0.65


-


2.37


(0.82)


1.55



(a)   

To eliminate:


  • a $1.1 million adjustment in the first quarter of 2013 to the amount of gain recognized on a 2010 business acquisition in Mexico as a result of a favorable adjustment to the purchase price received in the first quarter of 2013.
  •  $1.7 million of adjustments in the third and fourth quarters of 2013 primarily related to the January 2013 acquisition of Rede Trel in Brazil.
  • $3.1 million in adjustments in the fourth quarter of 2013 related to the increase in a loss contingency assumed in the 2010 Mexico acquisition and the impairment of an intangible asset acquired in the 2009 India acquisition.
  • a $2.6 million tax adjustment related to the Belgium disposition.



(b)   

To eliminate currency exchange losses related to a 16% devaluation of the official exchange rate in Venezuela from 5.3 to 6.3 bolivars to the U.S. dollar in February 2013.

(c)  

To eliminate employee benefit settlement losses in Mexico. 

(d)  

To eliminate expenses related to U.S. retirement plans.

(e)  

To adjust effective income tax rate in the interim period to be equal to the full-year non-GAAP effective income tax rate.  The full-year non-GAAP effective tax rate for 2013 is 33.3%.

(f)  

Effective March 24, 2014, Brink's began remeasuring its Venezuelan operating results using currency exchange rates reported under a newly established currency exchange process in Venezuela (the "SICAD II process").  The rate published for this process averaged 51 for the last 7 days in March 2014 and 50 at March 31, 2014. This adjustment reflects a hypothetical remeasurement of Brink's Venezuela's 2013 revenue and operating results using a rate of 50 bolivars to the U.S. dollar, which approximates the rate observed in the new SICAD II currency exchange process in March 2014.  Losses that would have been recognized in 2013 had Brink's used a rate of 50 bolivars to the U.S. dollar to remeasure its net monetary assets have been excluded from this adjustment and the Adjusted Non-GAAP results.

(g)  

Non-GAAP results adjusted for Venezuelan results at 50 bolivars per U.S. dollar.


Amounts may not add due to rounding.

 

7

Contact:
Investor Relations
804.289.9709

SOURCE The Brink's Company

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"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...