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Entravision Communications Corporation Reports Second Quarter 2014 Results

- Second Quarter 2014 Net Revenue and Consolidated Adjusted EBITDA Increase 9% and 11% Respectively -

SANTA MONICA, Calif., Aug. 6, 2014 /PRNewswire/ -- Entravision Communications Corporation (NYSE: EVC) today reported financial results for the three- and six-month periods ended June 30, 2014.

Historical results, which are attached, are in thousands of U.S. dollars (except share and per share data). This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. The GAAP financial measure most directly comparable to each of these non-GAAP financial measures, and a table reconciling each of these non-GAAP financial measures to its most directly comparable GAAP financial measure, is included beginning on page 9. Unaudited financial highlights are as follows:

 


Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



% Change



2014



2013



% Change


Net revenue

$

61,846



$

56,950




9%



$

114,502



$

106,037




8%


Operating expenses (1)


35,001




33,412




5%




68,508




65,320




5%


Corporate expenses (2)


5,261




4,736




11%




10,097




9,233




9%


























Consolidated adjusted EBITDA (3)


22,147




19,996




11%




37,132




33,376




11%


























Free cash flow (4)

$

16,667



$

10,194




63%



$

26,020



$

13,632




91%


Free cash flow per share, basic (4)

$

0.19



$

0.12




58%



$

0.29



$

0.16




81%


Free cash flow per share, diluted (4)

$

0.18



$

0.11




64%



$

0.29



$

0.15




93%


























Net income (loss)

$

8,735



$

5,073




72%



$

13,123



$

4,116




219%


























Net income (loss) per share, basic

$

0.10



$

0.06




67%



$

0.15



$

0.05




200%


Net income (loss) per share, diluted

$

0.10



$

0.06




67%



$

0.14



$

0.05




180%


























Weighted average common shares outstanding,
   basic


89,276,794




87,074,952








88,982,009




86,768,686






Weighted average common shares outstanding,
   diluted


91,202,732




89,228,790








91,074,937




88,147,914








(1)

Operating expenses include direct operating, selling, general and administrative expenses. Included in operating expenses are $0.1 million and $0.3 million of non-cash stock-based compensation for the three-month periods ended June 30, 2014 and 2013, respectively, and $0.2 million and $0.5 million of non-cash stock-based compensation for the six-month periods ended June 30, 2014 and 2013, respectively. Operating expenses do not include corporate expenses, depreciation and amortization, impairment charge, gain (loss) on sale of assets, gain (loss) on debt extinguishment and other income (loss).

(2)

Corporate expenses include $0.5 million and $1.1 million of non-cash stock-based compensation for the three-month periods ended June 30, 2014 and 2013, respectively, and $1.1 million and $1.8 million of non-cash stock-based compensation for the six-month periods ended June 30, 2014 and 2013, respectively.

(3)

Consolidated adjusted EBITDA means net income (loss) plus gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation included in operating and corporate expenses, net interest expense, other income (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses and syndication programming amortization less syndication programming payments. We use the term consolidated adjusted EBITDA because that measure is defined in our credit facility and does not include gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation, net interest expense, other income (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses and syndication programming amortization and does include syndication programming payments. While many in the financial community and we consider consolidated adjusted EBITDA to be important, it should be considered in addition to, but not as a substitute for or superior to, other measures of liquidity and financial performance prepared in accordance with accounting principles generally accepted in the United States of America, such as cash flows from operating activities, operating income and net income. As consolidated adjusted EBITDA excludes non-cash gain (loss) on sale of assets, non-cash depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation expense, net interest expense, other income (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses and syndication programming amortization and includes syndication programming payments, consolidated adjusted EBITDA has certain limitations because it excludes and includes several important non-cash financial line items. Therefore, we consider both non-GAAP and GAAP measures when evaluating our business. Consolidated adjusted EBITDA is also used to make executive compensation decisions.

(4)

Free cash flow is defined as consolidated adjusted EBITDA less cash paid for income taxes, net interest expense, and capital expenditures. Net interest expense is defined as interest expense, less non-cash interest expense relating to amortization of debt finance costs, less non-cash interest expense relating to discount amortization on our $324 million aggregate principal amount of 8.750% senior secured first lien notes (the "Notes"), which were fully redeemed on August 2, 2013, and less interest income. Free cash flow per share is defined as free cash flow divided by the basic or diluted weighted average common shares outstanding.

 

Commenting on the Company's earnings results, Walter F. Ulloa, Chairman and Chief Executive Officer, said, "During the second quarter, we achieved continued growth in core advertising revenue (excluding retransmission consent revenue and political advertising revenue) as our television segment again outperformed the television broadcast industry, reflecting the contributions from our broadcast of the World Cup. Our radio operations also produced revenue growth that we believe will be among the best in the industry. Continuing the trend of the last several years, we also experienced an increase in retransmission consent revenue. We also improved our free cash flow and net income over the second quarter of 2013 as we benefited from the successful refinancing of our debt last August. We have continued to build our digital footprint and marketing solutions capabilities, which provide us with an integrated platform to allow advertisers and marketers to connect with Latino audiences. Looking ahead, we remain well positioned to build on our success in attracting Latino audiences, expanding our advertiser base and monetizing our reach to the benefit of our shareholders."

Announces Quarterly Cash Dividend

The Company announced today that its Board of Directors has approved a quarterly cash dividend to shareholders of $0.025 per share of the Company's Class A, Class B and Class U common stock, in an aggregate amount of approximately $2.2 million. The quarterly dividend will be payable on September 30, 2014 to shareholders of record as of the close of business on September 15, 2014, and the common stock will trade ex-dividend on September 11, 2014. As previously announced, the Company currently anticipates that future cash dividends will be paid on a quarterly basis. Any decision to pay future cash dividends will be subject to further approval by the Board.

Acquisition of Pulpo Media, Inc.

On June 18, 2014, we completed the acquisition of 100% of the common shares of Pulpo Media, Inc., a leading provider of digital advertising services and solutions focused on Hispanics in the U.S. and Latin America. The transaction was funded from our cash on hand, for an aggregate cash consideration of $15.0 million, net of cash acquired of $0.7 million, and contingent consideration with a fair value of $1.4 million as of the acquisition date. 

 

Financial Results

 

Three-Month Period Ended June 30, 2014 Compared to Three-Month Period Ended

June 30, 2013

(Unaudited)





Three-Month Period



Ended June 30,



2014



2013



% Change


Net revenue

$

61,846



$

56,950




9%


Operating expenses (1)


35,001




33,412




5%


Corporate expenses (1)


5,261




4,736




11%


Depreciation and amortization


3,503




3,820




(8)%














Operating income (loss)


18,081




14,982




21%


Interest expense, net


(3,456)




(7,872)




(56)%


Gain (loss) on debt extinguishment





(130)




(100)%














Income (loss) before income taxes


14,625




6,980




110%














Income tax (expense) benefit


(5,890)




(1,907)




209%


Net income (loss)

$

8,735



$

5,073




72%














(1)   Operating expenses and corporate expenses are defined on page 1.

 

Net revenue increased to $61.8 million for the three-month period ended June 30, 2014 from $57.0 million for the three-month period ended June 30, 2013, an increase of $4.8 million. Of the overall increase, approximately $3.5 million was generated by our television segment and was primarily attributable to advertising revenue from the World Cup, and an increase in retransmission consent revenue. Additionally, $1.3 million of the overall increase was generated by our radio segment and was primarily attributable to advertising revenue from the World Cup.

Operating expenses increased to $35.0 million for the three-month period ended June 30, 2014 from $33.4 million for the three-month period ended June 30, 2013, an increase of $1.6 million. The increase was primarily attributable to an increase in salary expense and an increase in employee benefits costs and payroll taxes associated with the increase in salary expense.

Corporate expenses increased to $5.3 million for the three-month period ended June 30, 2014 from $4.7 million for the three-month period ended June 30, 2013, an increase of $0.6 million. The increase was primarily attributable to fees associated with the acquisition of Pulpo Media, an increase in salary expense and digital media-related expenses, partially offset by a decrease in non-cash stock-based compensation.

 

Six-Month Period Ended June 30, 2014 Compared to Six-Month Period Ended

June 30, 2013

(Unaudited)





Six-Month Period



Ended June 30,



2014



2013



% Change


Net revenue

$

114,502



$

106,037




8%


Operating expenses (1)


68,508




65,320




5%


Corporate expenses (1)


10,097




9,233




9%


Depreciation and amortization


7,018




7,775




(10)%














Operating income (loss)


28,879




23,709




22%


Interest expense, net


(6,882)




(15,649)




(56)%


Gain (loss) on debt extinguishment





(130)




(100)%














Income (loss) before income taxes


21,997




7,930




177%














Income tax (expense) benefit


(8,874)




(3,814)




133%


Net income (loss)

$

13,123



$

4,116




219%














(1)   Operating expenses and corporate expenses are defined on page 1.

 

Net revenue increased to $114.5 million for the six-month period ended June 30, 2014 from $106.0 million for the six-month period ended June 30, 2013, an increase of $8.5 million. Of the overall increase, approximately $6.4 million was generated by our television segment and was primarily attributable to advertising revenue from the World Cup, and an increase in retransmission consent revenue. Additionally, $2.1 million of the overall increase was generated by our radio segment and was primarily attributable to advertising revenue from the World Cup and an increase in national advertising revenue.

Operating expenses increased to $68.5 million for the six-month period ended June 30, 2014 from $65.3 million for the six-month period ended June 30, 2013, an increase of $3.2 million. The increase was primarily attributable to an increase in salary expense and an increase in employee benefits costs and payroll taxes associated with the increase in salary expense.

Corporate expenses increased to $10.1 million for the six-month period ended June 30, 2014 from $9.2 million for the six-month period ended June 30, 2013, an increase of $0.9 million. The increase was primarily attributable to fees associated with the acquisition of Pulpo Media, an increase in salary expense and digital media-related expenses, partially offset by a decrease in non-cash stock-based compensation.

Segment Results

The following represents selected unaudited segment information:

 


Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



% Change



2014



2013



% Change


Net Revenue
























Television

$

43,151



$

39,590




9%



$

80,892



$

74,542




9%


Radio


18,695




17,360




8%




33,610




31,495




7%


Total

$

61,846



$

56,950




9%



$

114,502



$

106,037




8%


























Operating Expenses (1)
























Television

$

20,186



$

19,573




3%



$

39,637



$

38,487




3%


Radio


14,815




13,839




7%




28,871




26,833




8%


Total

$

35,001



$

33,412




5%



$

68,508



$

65,320




5%


























Corporate Expenses (1)

$

5,261



$

4,736




11%



$

10,097



$

9,233




9%


























Consolidated adjusted EBITDA (1)

$

22,147



$

19,996




11%



$

37,132



$

33,376




11%


























(1)   Operating expenses, corporate expenses, and consolidated adjusted EBITDA are defined on page 1.

 

Entravision Communications Corporation will hold a conference call to discuss its 2014 second quarter results on August 6, 2014 at 5 p.m. Eastern Time. To access the conference call, please dial 412-858-4600 ten minutes prior to the start time. The call will be webcast live and archived for replay on the investor relations portion of the Company's Web site located at www.entravision.com.  

Entravision Communications Corporation is a diversified Spanish-language media company with an integrated platform of solutions and services that includes television, radio, digital media and data analytics to reach Latino audiences across the United States and Latin America. Entravision has 58 primary television stations, including in 20 of the nation's top 50 Latino markets, and is the largest affiliate group of both the top-ranked Univision television network and Univision's UniMas network. Entravision also operates one of the nation's largest groups of primarily Spanish-language radio stations, consisting of 49 owned and operated radio stations, and Entravision Solutions, a national sales representation and marketing organization specializing in Spanish-language media platforms and radio networks. Entravision also offers a variety of digital media platforms and services, including digital content, digital advertising platforms, including the #1-ranked online advertising platform in Hispanic reach, and data analytics solutions designed to maximize the opportunity for advertisers and marketers to connect with the growing Latino consumer market. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.

This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company's filings with the Securities and Exchange Commission.

(Financial Table Follows)

 

 


Entravision Communications Corporation

Consolidated Balance Sheets

(In thousands; unaudited)








June 30,



December 31,



2014



2013










ASSETS








Current assets








Cash and cash equivalents

$

39,817



$

43,822


Trade receivables, net of allowance for doubtful accounts


62,581




57,043


Deferred income taxes


6,100




6,100


Prepaid expenses and other current assets


5,079




4,087


Total current assets


113,577




111,052


Property and equipment, net


57,877




58,765


Intangible assets subject to amortization, net


22,161




19,812


Intangible assets not subject to amortization


220,701




220,701


Goodwill


50,631




36,647


Deferred income taxes


75,472




83,856


Other assets


6,533




7,404


Total assets

$

546,952



$

538,237










LIABILITIES AND STOCKHOLDERS' EQUITY








Current liabilities








Current maturities of long-term debt

$

3,750



$

3,750


Advances payable, related parties


118




118


Accounts payable and accrued expenses


28,950




31,246


Total current liabilities


32,818




35,114


Long-term debt, less current maturities


358,438




360,313


Other long-term liabilities


9,741




6,786


Total liabilities


400,997




402,213










Stockholders' equity (deficit)








Class A common stock


6




6


Class B common stock


2




2


Class U common stock


1




1


Additional paid-in capital


925,955




927,377


Accumulated deficit


(778,473)




(791,596)


Accumulated other comprehensive income (loss)


(1,536)




234


Total stockholders' equity (deficit)


145,955




136,024


Total liabilities and stockholders' equity (deficit)

$

546,952



$

538,237


 

 

Entravision Communications Corporation

Consolidated Statements of Operations

(In thousands, except share and per share data)

(Unaudited)








Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



2014



2013


Net revenue

$

61,846



$

56,950



$

114,502



$

106,037


















Expenses:
















Direct operating expenses


26,753




25,988




51,629




50,213


Selling, general and administrative expenses


8,248




7,424




16,879




15,107


Corporate expenses


5,261




4,736




10,097




9,233


Depreciation and amortization


3,503




3,820




7,018




7,775




43,765




41,968




85,623




82,328


Operating income (loss)


18,081




14,982




28,879




23,709


Interest expense


(3,469)




(7,881)




(6,907)




(15,665)


Interest income


13




9




25




16


Gain (loss) on debt extinguishment





(130)







(130)


Income (loss) before income taxes


14,625




6,980




21,997




7,930


Income tax (expense) benefit


(5,890)




(1,907)




(8,874)




(3,814)


Net income (loss)

$

8,735



$

5,073



$

13,123



$

4,116


















Basic and diluted earnings per share:
















Net income (loss) per share, basic

$

0.10



$

0.06



$

0.15



$

0.05


Net income (loss) per share, diluted

$

0.10



$

0.06



$

0.14



$

0.05


















Cash dividends declared per common share

$

0.03






$

0.05





















Weighted average common shares outstanding, basic


89,276,794




87,074,952




88,982,009




86,768,686


Weighted average common shares outstanding, diluted


91,202,732




89,228,790




91,074,937




88,147,914


 

 

Entravision Communications Corporation

Consolidated Statements of Cash Flows

(In thousands; unaudited)








Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



2014



2013


















Cash flows from operating activities:
















Net income (loss)

$

8,735



$

5,073



$

13,123



$

4,116


Adjustments to reconcile net income (loss) to net cash provided by
   (used in) operating activities:
















Depreciation and amortization


3,503




3,820




7,018




7,775


Deferred income taxes


5,796




1,452




8,291




3,294


Amortization of debt issue costs


203




575




404




1,030


Amortization of syndication contracts


122




151




244




302


Payments on syndication contracts


(154)




(326)




(312)




(651)


Non-cash stock-based compensation


595




1,369




1,303




2,241


(Gain) loss on debt extinguishment





130







130


Changes in assets and liabilities:
















(Increase) decrease in accounts receivable


(7,142)




(6,243)




(3,632)




(4,327)


(Increase) decrease in prepaid expenses and other assets


(268)




374




(1,261)




(454)


Increase (decrease) in accounts payable, accrued expenses 
   and other liabilities


1,557




8,055




(5,484)




(637)


Net cash provided by (used in) operating 
   activities


12,947




14,430




19,694




12,819


Cash flows from investing activities:
















Purchases of property and equipment and intangibles


(2,133)




(2,050)




(4,051)




(4,605)


Purchase of a business, net of cash acquired


(15,048)







(15,048)





Net cash provided by (used in) investing 
   activities


(17,181)




(2,050)




(19,099)




(4,605)


Cash flows from financing activities:
















Proceeds from stock option exercises


103




2,041




1,739




2,392


Payments on long-term debt


(937)




(50)




(1,875)




(50)


Dividends paid


(2,240)







(4,464)





Payments of capitalized debt offering and issuance costs





(5,620)







(5,620)


Net cash provided by (used in) financing 
   activities


(3,074)




(3,629)




(4,600)




(3,278)


Net increase (decrease) in cash and cash 
   equivalents


(7,308)




8,751




(4,005)




4,936


Cash and cash equivalents:
















Beginning


47,125




32,315




43,822




36,130


Ending

$

39,817



$

41,066



$

39,817



$

41,066


 

 


Entravision Communications Corporation
Reconciliation of Consolidated Adjusted EBITDA to Cash Flows From Operating Activities
(In thousands; unaudited)

The most directly comparable GAAP financial measure is operating cash flow. A reconciliation of this non-GAAP measure to cash flows from operating activities for each of the periods presented is as follows:

 


Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



2014



2013


















Consolidated adjusted EBITDA (1)

$

22,147



$

19,996



$

37,132



$

33,376


















Interest expense


(3,469)




(7,881)




(6,907)




(15,665)


Interest income


13




9




25




16


Income tax (expense) benefit


(5,890)




(1,907)




(8,874)




(3,814)


Amortization of syndication contracts


(122)




(151)




(244)




(302)


Payments on syndication contracts


154




326




312




651


Non-cash stock-based compensation included in direct operating expenses


(127)




(295)




(217)




(479)


Non-cash stock-based compensation included in corporate expenses


(468)




(1,074)




(1,086)




(1,762)


Depreciation and amortization


(3,503)




(3,820)




(7,018)




(7,775)


Gain (loss) on debt extinguishment





(130)







(130)


Net income (loss)


8,735




5,073




13,123




4,116


















Depreciation and amortization


3,503




3,820




7,018




7,775


Deferred income taxes


5,796




1,452




8,291




3,294


Amortization of debt issue costs


203




575




404




1,030


Amortization of syndication contracts


122




151




244




302


Payments on syndication contracts


(154)




(326)




(312)




(651)


Non-cash stock-based compensation


595




1,369




1,303




2,241


(Gain) loss on debt extinguishment





130







130


Changes in assets and liabilities:
















(Increase) decrease in accounts receivable


(7,142)




(6,243)




(3,632)




(4,327)


(Increase) decrease in prepaid expenses and other assets


(268)




374




(1,261)




(454)


Increase (decrease) in accounts payable, accrued expenses and other
   liabilities


1,557




8,055




(5,484)




(637)


Cash flows from operating activities

$

12,947



$

14,430



$

19,694



$

12,819


















(1)   Consolidated adjusted EBITDA is defined on page 1.

 

 

Entravision Communications Corporation
Reconciliation of Free Cash Flow to Net Income (Loss)
(In thousands; unaudited)

The most directly comparable GAAP financial measure is net income (loss). A reconciliation of this non-GAAP measure to net income (loss) for each of the periods presented is as follows:

 


Three-Month Period



Six-Month Period



Ended June 30,



Ended June 30,



2014



2013



2014



2013


Consolidated adjusted EBITDA (1)

$

22,147



$

19,996



$

37,132



$

33,376


Net interest expense (1)


3,253




7,297




6,478




14,619


Cash paid for income taxes


94




455




583




520


Capital expenditures (2)


2,133




2,050




4,051




4,605


Free cash flow (1)


16,667




10,194




26,020




13,632


















Capital expenditures (2)


2,133




2,050




4,051




4,605


Amortization of debt issue costs


(203)




(575)




(404)




(1,030)


Non-cash income tax expense


(5,796)




(1,452)




(8,291)




(3,294)


Amortization of syndication contracts


(122)




(151)




(244)




(302)


Payments on syndication contracts


154




326




312




651


Non-cash stock-based compensation included in direct operating expenses


(127)




(295)




(217)




(479)


Non-cash stock-based compensation included in corporate expenses


(468)




(1,074)




(1,086)




(1,762)


Depreciation and amortization


(3,503)




(3,820)




(7,018)




(7,775)


Gain (loss) on debt extinguishment





(130)







(130)


Net income (loss)

$

8,735



$

5,073



$

13,123



$

4,116


















(1)   Consolidated adjusted EBITDA, net interest expense, and free cash flow are defined on page 1.

(2)   Capital expenditures is not part of the consolidated statement of operations.

 

 

SOURCE Entravision Communications Corporation

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How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
In his session at 18th Cloud Expo, Andrew Cole, Director of Solutions Engineering at Peak 10, will discuss how the newest technology advances are reducing the cost and complexity of traditional business continuity and disaster recovery solutions. Attendees will: Learn why having a full disaster recovery strategy is more important now than ever before Explore the key drivers of a successful disaster recovery solution Achieve measurable operational and business value from a disaster recovery ...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
SYS-CON Events announced today that Hanu Software will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Leveraging best-in-class people, processes, and technologies, Hanu provides high-quality, high-value software development and business process outsourcing services to independent software vendors (ISVs) and enterprises.
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide 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 ...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...