|By Marketwired .||
|August 7, 2014 04:29 PM EDT||
HOUSTON, TX--(Marketwired - August 07, 2014) - HII Technologies, Inc. ("HII Technologies" or "the "Company") (OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, today announced financial results for the second quarter ended June 30, 2014.
Second Quarter 2014 Highlights:
- Revenues increased 109% to $6.8 million compared to Q2, 2013 due to strong sales from all three divisions
- Gross Profit increased 112% to $1.8 million compared to Q2, 2013
- Adjusted EBITDA was $0.04 million and $0.57 million for the quarter and six months ended June 30, 2014, respectively
- Water division grew its operations to include new activity in the Barnett Shale
- Signed 7 Master Service Agreements ("MSAs") with new customers
HII Technologies' oilfield services operations are in Texas, Oklahoma, Ohio and West Virginia. The Company is focused on commercializing technologies and providing services in the Water, Safety and Power market segments for exploration and production ("E&P") customers in the domestic United States.
The Company's frac water management services division conducts business through its wholly-owned subsidiaries AES Water Solutions and AquaTex. The water division provides total frac water management solutions associated with the millions of gallons of water typically used during hydraulic fracturing and completions of horizontally drilled oil and gas wells. Frac water management services include water transfer, flow back systems, above-ground tank storage, as well as onsite frac water recycling and evaporation services without the need of trucking or disposal wells. AES Safety Services is the Company's oilfield safety consultancy that provides experienced, trained safety personnel including contract safety engineers during oilfield operations from drilling to completion for E&P customers. Additional services provided under our Safety Services division include training, inspection and environmental remediation services. The Company's oilfield mobile power subsidiary does business as South Texas Power (STP) and operates a fleet of mobile generators, light towers and related equipment for in-field power rental where remote locations provide little or no existing power infrastructure.
Second Quarter 2014 Results (ending June 30) Q2 2014 Q2 2013 CHANGE Revenues $6.8 million $3.2 million +109% Gross Profit $1.8 million $0.9 million +112% Gross Margin 27.1% 26.8% +.3% Income (loss) from Operations ($0.40 million) ($0.10 million) -287% Adjusted EBITDA(1) $0.04 million $0.17 million -79% Net Income (Loss) ($0.64 million) ($0.37 million) -72%
(1) A reconciliation table of the Adjusted EBITDA for second quarter 2014 is provided below
Revenues for the three months ended June 30, 2014 were $6.8 million, up 109% from $3.2 million in the comparable 2013 period. This increase was primarily attributable to the continued growth within the water division from AES Water Solutions and AquaTex's frac water management services. Additionally, increased revenues came from the organic growth of AES Safety Services, including its new environmental remediation service line and the organic growth of STP's business in mobile oilfield power. The Water division totaled approximately 58% of the quarterly revenues while the Safety and Power divisions totaled about 30% and 12%, respectively, for the second quarter 2014.
"Activity levels in the second quarter continued to be robust in the markets where we operate despite utilization of some of our frac water transfer and flow back equipment being affected by delays from certain customers. While the revenues generated from the second quarter of 2014 increased by more than 100% from the comparable 2013 period, we anticipate accelerated growth in the second half of this year in all divisions," stated Brent Mulliniks, President of AES Water Solutions. "AquaTex's expansion into new areas of Texas where drilling activity is increasing contributed to the improvement in revenue. Existing customers are continuing to rely on our frac water management systems and new Master Services Agreements (MSAs) are being acquired, which provide for more work from new customers in the Permian Basin and West Texas."
Cost of revenues increased approximately 108% to $4.9 million in the three months end June 30, 2014, or 73% of revenues, compared to cost of revenues of $2.4 million, or 73% of revenues for comparable 2013 period. The Company's gross profit and gross margin were $1.8 million and 27.1%, respectively, in the three months ended June 30, 2014 compared to $0.9 million and 26.8%, respectively, in the three months ended June 30, 2013.
Operating expenses were approximately $2.2 million, or 33% of revenues, for the three months ended June 30, 2014 as compared to $1.0 million, or 30.0% of revenues, in the comparable 2013 period. The increase was primarily attributable to new employees, higher technology testing and development costs and public company expenses. The Company generated an operating loss of $0.40 million in the three months ended 2014 compared to an operating loss of $0.10 million in the comparable 2013 period.
For the three months ended June 30, 2014, the Company had non-GAAP adjusted EBITDA of approximately $0.04 million, (EBITDA defined as earnings before interest, depreciation, amortization, non-cash stock option expenses, and one-time non-operational expense items). A reconciliation table of the adjusted EBITDA is provided below. The net loss for the three months ended June 30 2014 was $0.64 million compared to $0.37 million in the comparable 2013 period. HII Technologies had approximately 49.62 million shares outstanding at July 31, 2014.
First Half 2014 Results (ending June 30) 1H 2014 1H 2013 CHANGE Revenues $14.3 million $5.8 million +144% Gross Profit $4.0 million $1.4 million +183% Gross Margin 27.7% 23.9% +16% Income (loss) from Operations ($0.26 million) ($0.12 million) -116% Adjusted EBITDA(1) $0.57 million $0.23 million +141% Net Income (Loss) ($0.67 million) ($0.49 million) -36%
Balance Sheet and Liquidity
Total assets increased from $10.2 million at December 31, 2013 to $20.6 million at June 30, 2014. The Company had $4.1 million outstanding under its existing $5 million revolving line of credit facility compared to $2.7 million at December 31, 2013. The Company had approximately $5.4 million in other indebtedness at June 30, 2014 as compared to $2.4 million at December 31, 2013. The increase is primarily attributable to conditional sales contracts related to additional equipment purchased.
Cash and cash equivalents were $1.7 million and total current assets were $10.7 million at June 30, 2014 compared to $0.9 million and $5.0 million at December 31, 2013, respectively. Net cash provided by operations improved $0.8 million for the six months ended June 30, 2014 as compared to net cash used in operating activities of $0.4 million for the comparable 2013 period.
From June 21, 2014 through July 8, 2014, the Company sold 4,000 shares of Series A Convertible Preferred Stock at a price of $1,000 per unit ("Units") for gross proceeds of $4,000,000. Each share of preferred stock received common stock warrants to purchase 500 shares of common stock with an exercise price of $1.00 per whole share exercisable for three years after issuance. At June 30, 2014, the Company had received $1,400,000 in gross proceeds. It received the remaining gross proceeds by July 8, 2014. Approximately $0.5 million of the proceeds were used to repay outstanding indebtedness under 10% promissory notes while $0.2 million were paid to registered broker-dealers involved with the Series A Preferred financing. The remaining proceeds will be used for general working capital purposes and to fund future growth opportunities.
AES Water Solutions & AquaTex
- The water division added 5 new customers during the quarter and grew its operations to include new activity in the Barnett Shale. Additionally, new sales and field management personnel were added during the quarter to accommodate growth in North Texas.
AES Safety Services
- The Safety division benefited early in the quarter from additional spill remediation service revenues carried over from the first quarter of 2014. The Safety Engineering consulting business in Ohio and West Virginia continued to enjoy strong activity.
South Texas Power (STP)
- STP added 2 new key customers and increased revenues during the second quarter from additional rentals business. The Power division initiated some cost cutting measures to improve margins, reduce overhead and developed a long term plan for expansion focused on a total oilfield power management strategy.
"We continued to invest in growth in each of our divisions during the quarter," said Matthew Flemming, CEO of HII Technologies. "The addition of experienced people and recent increases in equipment utilization should continue to fuel organic growth. The Company continues to evaluate new technologies and potential acquisitions in areas where it would be beneficial for the Company's future growth."
For more information and management's discussion and analysis of the quarter results, please see the Company's Quarter Report on Form 10-Q filed August 7, 2014 with the Securities and Exchange Commission.
Investor Conference Call
The Company will host a webcast and conference call with investors at 11:00 am ET on Thursday, August 14th, 2014. CEO Matthew Flemming and President Brent Mulliniks will discuss the company's milestones, growth strategy and financial position.
Date: Thursday, August 14, 2014
Time: 11:00 am ET
Dial-in (US): 1-888-430-8694
Dial-in (International): 1-719-325-2323
Conference ID: 8576336
A replay of the call will be available from August 14, 2014 at 6 PM ET until Sept 14, 2014. To access the replay, use 1 877-870-5176 for U.S. callers and 1 858-384-5517 for international callers. The PIN number is 8576336.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. By focusing on the critical service areas of Water, Safety and Power, the Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays. The Company's frac water management division does business as AquaTex and AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage for its stakeholders. Read more at www.HIITinc.com, www.AquaTexUSA.com, www.AESWaterSolutions.com, www.AESSafetySolutions.com and www.Oilfield-Generators.com.
Non-GAAP Adjusted EBITDA Reconciliation Table
Following is a reconciliation of income from continuing operations attributable to the Company for the three and six months ended June 30, 2014 as presented in accordance with United States generally accepted accounting principles (GAAP) to EBITDA.
Q2 2014: Net Loss ($640,554) Add back: Interest $ 176,035 Taxes $ 57,579 Depreciation $ 170,400 Non-cash stock expense $ 188,981 One-time non-operational items $ 84,315 ----------- Adjusted EBITDA $ 36,756 =========== 1H 2014: Net Loss ($665,405) Add back: Interest $ 315,845 Taxes $ 77,383 Depreciation $ 293,980 Non-cash stock expense $ 243,420 One-time non-operational items $ 300,926 ----------- Adjusted EBITDA $ 566,149 ===========
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII's current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2014. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
HII TECHNOLOGIES, INC. CONSOLIDATED BALANCE SHEETS (unaudited) June 30 December 31 2014 2013 ------------ ------------ ASSETS Current assets: Cash and cash equivalents $ 1,727,514 $ 866,035 Accounts receivable, net of allowance of $79,116 and $79,116 6,270,933 3,708,012 Stock subscriptions receivable 2,000,000 - Note receivable 291,790 294,755 Current portion of deferred financing costs 181,772 33,541 Prepaid expense and other current assets 267,017 111,147 ------------ ------------ Total current assets 10,739,026 5,013,490 Property and equipment, net of accumulated depreciation of $332,415 and $133,081 3,179,367 2,076,512 Assets under capital lease, net 3,195,397 - Deposits 33,960 33,960 Deferred financing costs, net of current portion 16,173 19,949 Intangible assets, net of accumulated amortization of $40,197 and $0 556,803 227,000 Goodwill 2,852,107 2,852,107 ------------ ------------ Total assets $ 20,572,833 $ 10,223,018 ============ ============ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 5,293,984 $ 3,421,153 Accounts payable and other liabilities, related parties 183,000 158,000 Accrued expenses and other liabilities 1,638,268 703,302 Line of credit 4,082,669 2,678,992 Current portion of capital lease obligation 1,054,280 - Current portion of notes payable - related parties 515,000 545,926 Current portion of unsecured notes payable 559,655 - Current portion of secured notes payable 261,997 85,000 ------------ ------------ Total current liabilities 13,588,853 7,592,373 Long term liabilities: Capital lease obligation, net of current portion 1,533,453 - Notes payable - unsecured 1,000,000 1,000,000 Notes payable - secured 116,355 158,855 Notes payable - related parties net of current portion 328,459 585,958 ------------ ------------ Total liabilities 16,567,120 9,337,186 ------------ ------------ Commitments and contingencies - - Stockholders' equity Preferred stock, $.001 par value, 10,000,000 shares authorized, Series A Convertible Preferred stock, $1,000 stated value, 4,000 shares authorized, 3,410 and 0 shares issued and outstanding 2,786,981 - Common stock, $.001 par value, 250,000,000 shares authorized, 49,618,556 and 48,424,712 shares issued and outstanding 49,618 48,424 Additional paid-in-capital 29,118,134 28,121,023 Accumulated deficit (27,949,020) (27,283,615) ------------ ------------ Total stockholders' equity 4,005,713 885,832 ------------ ------------ Total liabilities and stockholders' equity $ 20,572,833 $ 10,223,018 ============ ============ See accompanying notes to unaudited consolidated financial statements
HII TECHNOLOGIES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS For the three and six months ended June 30, 2014 and 2013 (unaudited) For the three months ended For the six months ended June 30 June 30 2014 2013 2014 2013 ------------ ------------ ------------ ----------- REVENUES $ 6,752,384 $ 3,226,437 $ 14,257,445 $ 5,836,210 COST OF REVENUES 4,919,973 2,361,309 10,303,201 4,438,790 ------------ ------------ ------------ ----------- GROSS PROFIT 1,832,411 865,128 3,954,244 1,397,420 ------------ ------------ ------------ ----------- OPERATING EXPENSES: Selling, general and administrative 2,228,288 913,467 4,215,358 1,464,198 Bad debt expense - 54,000 - 54,000 ------------ ------------ ------------ ----------- Total operating expenses 2,228,288 967,467 4,215,358 1,518,198 ------------ ------------ ------------ ----------- LOSS FROM OPERATIONS (395,877) (102,339) (261,114) (120,778) OTHER INCOME (EXPENSE) Loss on debt conversion (11,063) - (11,063) - Loss on extinguishment of liability - (96,297) - (96,297) Interest expense, net (176,035) (144,123) (315,845) (222,574) ------------ ------------ ------------ ----------- NET LOSS BEFORE INCOME TAXES (582,975) (342,759) (588,022) (439,649) PROVISION FOR INCOME TAXES (57,579) (30,768) (77,383) (48,267) ------------ ------------ ------------ ----------- NET LOSS $ (640,554) $ (373,527) $ (665,405) $ (487,916) ------------ ------------ ------------ ----------- DEEMED DIVIDEND (623,019) - (623,019) - CUMULATIVE DIVIDEND (1,343) - (1,343) - NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (1,264,916) $ (373,527) $ (1,289,767) $ (487,916) ============ ============ ============ =========== Basic and diluted net loss per share $ (0.03) $ (0.01) $ (0.03) $ (0.01) Weighted average shares outstanding- Basic and diluted 49,134,513 44,429,551 48,847,902 44,087,324 See accompanying notes to unaudited consolidated financial statements
HII TECHNOLOGIES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS For the six months ended June 30, 2014 and 2013 (unaudited) 2014 2013 ----------- ----------- CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (665,405) $ (487,916) Adjustments to reconcile net loss to net cash used in operating activities: Amortization of note payable discount - 72,582 Amortization of deferred finance costs 37,718 - Stock-based compensation 110,420 269,369 Stock issued for services 133,000 - Depreciation and amortization 293,980 50,899 Loss on extinguishment of liability - 96,297 Loss on debt conversion to common shares 11,063 - Warrants issued for extension of secured note - 55,154 Bad debt recovery - 54,000 Loss on asset disposal 10,581 4,029 Changes in: Accounts receivable (2,562,921) (1,390,746) Prepaid expense and other current assets (70,492) 40,323 Other assets (82,954) (31,500) Accounts payable 2,722,656 778,256 Accounts payable and other liabilities - related parties 25,000 (162,248) Accrued expenses and other liabilities 841,821 229,867 ----------- ----------- Net cash provided by (used in) operating activities 804,467 (421,634) ----------- ----------- CASH FLOWS FROM INVESTING ACTIVITIES: Cash received from the sale of property and equipment - 71,754 Cash paid for purchase of property and equipment (1,851,292) (48,702) ----------- ----------- Net cash provided by (used in) investing activities (1,851,292) 23,052 ----------- ----------- CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of warrants and options 87,500 50,000 Proceeds from sale of preferred shares 1,410,000 - Proceeds from sale-leaseback transaction - 87,375 Payments for deferred financing costs (182,173) (14,500) Proceeds from notes payable 130,000 - Proceeds from line of credit, net 1,403,676 372,400 Payments on notes payable (283,456) (354,067) Payments on capital lease obligation (657,243) - ----------- ----------- Net cash provided by (used in) financing activities 1,908,304 141,208 ----------- ----------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 861,479 (257,374) CASH AND CASH EQUIVALENTS, beginning of period 866,035 379,336 ----------- ----------- CASH AND CASH EQUIVALENTS, end of period $ 1,727,514 $ 121,962 =========== =========== Supplemental disclosures: Cash paid for income taxes $ 36,774 $ - Cash paid for interest 237,405 62,846 Noncash investing and financing activities Notes issued in consideration for property and equipment 229,032 - Notes issued in consideration for intangible assets 370,000 - Notes issued for financing of insurance premium 88,900 - Cashless exercise of warrants 117 - Payment on secured note paid directly from line of credit - 512,600 Deferred financing costs paid directly from line of credit - 49,200 Common stock issued for lease deposit - 31,500 Common stock issued for debt 138,303 - Capital lease obligation incurred in consideration for property and equipment 3,244,976 - Accrued issuance costs for preferred stock offering 105,000 - Deemed dividend for preferred stock beneficial conversion feature 623,019 - See accompanying notes to unaudited consolidated financial statements
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Jul. 30, 2016 02:30 PM EDT Reads: 1,043
Security, data privacy, reliability, and regulatory compliance are critical factors when evaluating whether to move business applications from in-house, client-hosted environments to a cloud platform. Quality assurance plays a vital role in ensuring that the appropriate level of risk assessment, verification, and validation takes place to ensure business continuity during the migration to a new cloud platform.
Jul. 30, 2016 02:00 PM EDT Reads: 502
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Jul. 30, 2016 01:30 PM EDT Reads: 966
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Jul. 30, 2016 01:00 PM EDT Reads: 1,853
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Jul. 30, 2016 01:00 PM EDT Reads: 2,122
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
Jul. 30, 2016 12:00 PM EDT Reads: 1,352
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Jul. 30, 2016 11:30 AM EDT Reads: 1,390
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Jul. 30, 2016 11:00 AM EDT Reads: 627
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Jul. 30, 2016 11:00 AM EDT Reads: 535
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Jul. 30, 2016 10:45 AM EDT Reads: 1,090
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Jul. 30, 2016 10:15 AM EDT Reads: 1,047
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Jul. 30, 2016 10:15 AM EDT Reads: 1,514
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jul. 30, 2016 10:00 AM EDT Reads: 2,182
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Jul. 30, 2016 10:00 AM EDT Reads: 531
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Jul. 30, 2016 09:45 AM EDT Reads: 521