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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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Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
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...
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 ...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
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.
"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.
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.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...