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Enbridge Energy Partners, L.P. Reports Earnings for Fourth Quarter 2016

HOUSTON, TX -- (Marketwired) -- 02/16/17 -- Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners" or "the Partnership") reports fourth quarter net income and cash provided by operating activities of $80.3 million and $454.6 million, respectively.

Enbridge Partners reports fourth quarter adjusted EBITDA and distributable cash flow ("DCF") of $468.8 million and $220.9 million, respectively.(1)

2016 HIGHLIGHTS

  • Full-year Lakehead pipeline system deliveries on average increased 11 percent when compared to 2015.
  • Reports full-year net loss and cash provided by operating activities of $162.4 million and $1,415.7 million, respectively
  • Reports full-year adjusted EBITDA and DCF of $1,881.1 million and $942.8 million, respectively.(1)
  • Recently closed acquisition of an effective 27.6 percent interest in the Bakken Pipeline System; anticipated joint funding arrangement with sponsor expected to enhance the Partnership's financing flexibility.

As the Partnership and its sponsor, Enbridge Inc. ("Enbridge"), have previously announced, a strategic review of EEP is ongoing with the objectives of improving EEP's financial position and future outlook. The review is expected to continue into the second quarter of 2017.

(1) See Non-GAAP Reconciliations section below for additional informational about these measures.

The Partnership's key financial results for the three and twelve months ended December 31, 2016, compared to the same period in 2015, were as follows:


                                Three months ended     Twelve months ended
                                   December 31,           December 31,
                              ---------------------  ----------------------
(unaudited; in millions,
 except per unit amounts)        2016       2015        2016        2015
                              ---------- ----------  ----------  ----------
Net income (loss)(1)          $     80.3 $      6.9  $   (162.4) $    132.0
Net income (loss) per unit
 (in dollars per unit)              0.08      (0.14)      (1.08)      (0.25)
                              ---------- ----------  ----------  ----------
Adjusted EBITDA(2)                 468.8      450.7     1,881.1     1,766.0
Adjusted net income(1)             103.7       96.9       442.4       497.6
Adjusted net income per unit
 (in dollars per unit)              0.14       0.11        0.62        0.80
                              ---------- ----------  ----------  ----------

  (1) Net income and adjusted net income attributable to general and
       limited partner ownership interests in Enbridge Partners.
  (2) Includes non-controlling interest.

Adjusted net income and adjusted EBITDA for the three and twelve months ended December 31, 2016, as reported above, eliminate the effect of: (a) non-cash, mark-to-market net gains and losses; (b) asset impairment; and other adjustments. Refer to the Non-GAAP Reconciliations section below for additional details.

Net income for the fourth quarter of 2016 increased $73.4 million over the same period from the prior year predominately due to an asset impairment of $62.5 million on the Berthold rail facility during the fourth quarter of 2015. There was no similar impairment during the current period. Adjusted net income of $103.7 million for the fourth quarter of 2016 was $6.8 million higher than the same period from the prior year. Higher earnings in the liquids segment were predominately due to an increase in Lakehead system deliveries attributable to projects placed into service during 2016. Higher liquids segment earnings were partially offset by lower earnings in the natural gas segment due to lower natural gas and NGL system volumes.

During the fourth quarter, the Partnership attributed approximately $22.5 million of earnings to its outstanding Series 1 Preferred units. This amount is deducted from net income to arrive at the amount of net income attributable to the general and limited partners. Preferred distributions are accrued at an annual rate of 7.5 percent.


COMPARATIVE EARNINGS STATEMENT    Three months ended    Twelve months ended
                                     December 31,          December 31,
                                 --------------------  --------------------
(unaudited; in millions except
 per unit amounts)                  2016       2015       2016       2015
                                 ---------  ---------  ---------  ---------
Operating revenues               $ 1,250.8  $ 1,136.7  $ 4,481.9  $ 5,146.1
Operating expenses:
  Commodity cost                     548.0      400.5    1,659.1    2,372.9
  Environmental costs, net of
   recoveries                         (6.1)       2.0        2.2        3.1
  Operating and administrative       214.5      266.4      866.5      971.3
  Power                               70.6       67.1      277.4      259.5
  Depreciation and amortization      146.5      141.4      580.9      536.2
  Goodwill impairment                    -          -          -      246.7
  Asset impairment                       -       62.5      767.7       74.8
                                 ---------  ---------  ---------  ---------
Operating income                     277.3      196.8      328.1      681.6
Interest expense, net               (118.8)    (107.5)    (445.5)    (322.0)
Allowance for equity used during
 construction                          9.8       16.3       45.5       70.3
Other income                           8.6        8.6       31.5       29.3
                                 ---------  ---------  ---------  ---------
Income (loss) before income tax
 (expense) benefit                   176.9      114.2      (40.4)     459.2
Income tax (expense) benefit           6.3       (1.7)      (0.9)      (4.9)
                                 ---------  ---------  ---------  ---------
Net income (loss)                    183.2      112.5      (41.3)     454.3
Less: Net income attributable
 to:
  Noncontrolling interest             79.2       82.0       26.4      221.1
  Series 1 preferred unit
   distributions                      22.5       22.5       90.0       90.0
  Accretion of discount on
   Series 1 preferred units            1.2        1.1        4.7       11.2
                                 ---------  ---------  ---------  ---------
Net income (loss) attributable
 to general and limited partner
 ownership interests in Enbridge
 Energy Partners, L.P.           $    80.3  $     6.9  $  (162.4) $   132.0
Less: Allocations to general
 partner                              56.0       54.3      214.1      216.8
                                 ---------  ---------  ---------  ---------
Net income (loss) allocable to
 common units and i-units        $    24.3  $   (47.4) $  (376.5) $   (84.8)
Weighted average common units
 and i-units (basic and diluted)     351.0      342.6      348.0      339.1
                                 ---------  ---------  ---------  ---------
Net income (loss) per common
 unit and i-unit (basic and
 diluted)                        $    0.08  $   (0.14) $   (1.08) $   (0.25)
                                 ---------  ---------  ---------  ---------

COMPARISON OF QUARTERLY RESULTS
Following are explanations for significant changes in the Partnership's financial results, comparing the three and twelve months ended December 31, 2016 with the same period of 2015. The comparison refers to operating income and adjusted operating income. Adjusted operating income excludes the effect of certain non-cash and other items that we believe are not indicative of our core operating results (see Non-GAAP Reconciliations section below).


                                  Three months ended    Twelve months ended
     Operating Income (Loss)         December 31,          December 31,
                                 --------------------  --------------------
(unaudited; in millions)            2016       2015       2016       2015
                                 ---------  ---------  ---------  ---------
Liquids                          $   311.7  $   199.1  $   490.8  $   994.0
Natural Gas                          (30.1)       1.2     (149.0)    (298.0)
Corporate                             (4.3)      (3.5)     (13.7)     (14.4)
                                 ---------  ---------  ---------  ---------
Operating income                 $   277.3  $   196.8  $   328.1  $   681.6
                                 ---------  ---------  ---------  ---------



                                  Three months ended    Twelve months ended
Adjusted Operating Income (Loss)     December 31,          December 31,
                                 --------------------  --------------------
(unaudited; in millions)            2016       2015       2016       2015
                                 ---------  ---------  ---------  ---------
Liquids                          $   311.9  $   282.7  $ 1,257.2  $ 1,120.8
Natural Gas                           (3.7)       5.0      (20.4)      24.6
Corporate                             (4.3)      (3.5)     (13.7)     (14.4)
                                 ---------  ---------  ---------  ---------
Adjusted operating income        $   303.9  $   284.2  $ 1,223.1  $ 1,131.0
                                 ---------  ---------  ---------  ---------

Liquids - Fourth quarter operating results for the Liquids segment increased $112.6 million to $311.7 million over the comparable period in 2015. Fourth quarter 2015 operating results included an asset impairment of $62.5 million of the Berthold rail facility and costs associated with the Line 2 hydrotest. No similar impairment or hydrotest expenses occurred in the current period. Current period segment operating results also benefitted from higher revenues attributable to higher Lakehead system deliveries as a result of new projects placed into service, and a decrease in operating and administrative expenses. Higher revenues were partially offset by increased depreciation expense over the same period from prior year due to new assets placed into service.

Fourth quarter adjusted operating income for the Liquids segment increased $29.2 million to $311.9 million over the comparable period in 2015. Revenues from our liquids pipeline systems increased due to higher Lakehead system deliveries as a result of new projects placed into service and a decrease in operating and administrative expenses. Higher revenues were partially offset by increased depreciation expense over the same period from prior year due to new assets placed into service.


                                      Three months ended Twelve months ended
       Liquids Systems Volumes           December 31,        December 31,
                                     ------------------- -------------------
(thousand barrels per day)              2016      2015      2016      2015
                                     --------- --------- --------- ---------
Lakehead                                 2,624     2,388     2,574     2,315
Mid-Continent                              153       213       188       212
North Dakota                               364       375       378       353
                                     --------- --------- --------- ---------
Total                                    3,141     2,976     3,140     2,880
                                     --------- --------- --------- ---------

Natural Gas - Fourth quarter operating results for the Natural Gas segment decreased $31.3 million over the comparable period in 2015, primarily attributable to increased non-cash unrealized mark-to-market losses in the current period compared to the same period of 2015. The decrease in segment operating results was also attributable to lower natural gas and NGL system volumes, and was partially offset by reductions in operating and administrative expenses from enacted cost reduction measures.

Fourth quarter adjusted operating results for the Natural Gas segment decreased $8.7 million over the comparable period in 2015. The decrease in segment adjusted operating results was predominantly attributable to lower natural gas and NGL system volumes. Lower system volumes were primarily attributable to the continued low commodity price environment, which has resulted in reductions in drilling activity from producers in the areas in which we operate. The decrease in adjusted segment operating results was partially offset by reductions in operating and administrative expenses from enacted cost reduction measures.


                                Three months ended     Twelve months ended
    Natural Gas Throughput         December 31,           December 31,
                              ---------------------- ----------------------
(MMBtu per day)                   2016       2015        2016       2015
                              ---------------------- ----------------------
East Texas                        843,000    915,000     904,000    964,000
Anadarko                          570,000    707,000     616,000    773,000
North Texas                       182,000    239,000     197,000    265,000
                              ---------------------- ----------------------
Total                           1,595,000  1,861,000   1,717,000  2,002,000
                              ---------------------- ----------------------


                                Three months ended     Twelve months ended
NGL Production                     December 31,           December 31,
                              ---------------------- ----------------------
(Barrels per day)                 2016       2015        2016       2015
                              ---------------------- ----------------------
Total System Production            62,621     79,064      68,843     81,632

NON-GAAP RECONCILIATIONS
Adjusted net income for the Partnership and adjusted operating income for the principal business segments are provided to illustrate trends in income excluding non-cash unrealized derivative fair value losses and gains and other items that we believe are not indicative of our core operating results. The derivative non-cash losses and gains result from marking to market certain financial derivatives used by the Partnership for hedging purposes that do not qualify for hedge accounting treatment in accordance with the authoritative accounting guidance as prescribed under generally accepted accounting principles in the United States. Non-GAAP measures no longer include make-up rights and option premium amortization adjustments. These changes were made on a prospective basis beginning with the second quarter of 2016 and are not material for historical periods presented.


                                  Three months ended    Twelve months ended
       Adjusted Net Income           December 31,          December 31,
                                 --------------------  --------------------
(unaudited; in millions except
 per unit amounts)                  2016       2015       2016       2015
                                 ---------  ---------  ---------  ---------
Net income (loss) attributable
 to general and limited partner
 ownership interests in Enbridge
 Energy Partners, L.P.           $    80.3  $     6.9  $  (162.4) $   132.0
Noncash derivative fair value
 losses (gains)
  -Liquids                             1.7        4.4        8.7       15.5
  -Natural Gas                        18.8        3.7       85.4       43.2
  -Corporate                           3.1        2.2        6.5      (22.5)
Accretion of discount on Series
 1 preferred units                     1.2        1.1        4.7       11.2
Make-up rights adjustment                -       (0.2)       1.0       (6.0)
Line 2 hydrotest expenses, net
 of recoveries                        (0.5)      17.0      (10.8)      54.1
Line 6A and 6B incident
 expenses, net of recoveries          (8.0)         -       (2.0)         -
Option premium amortization              -       (0.7)       0.9       (4.9)
Loss on sale of non-core assets
 and severance                           -          -        2.2        2.4
Loss on natural gas contracts
 assignment                              -          -          -        7.9
Sandpiper costs                        1.9          -        5.6          -
Asset impairment                         -       62.5      497.4       71.9
Goodwill impairment                      -          -          -      192.8
Severance costs                        5.2          -        5.2          -
                                 ---------  ---------  ---------  ---------
Adjusted net income                  103.7       96.9      442.4      497.6
Less: Allocations to general
 partner                              56.5       56.1      226.2      224.1
                                 ---------  ---------  ---------  ---------
Adjusted net income allocable to
 common units and i-units        $    47.2  $    40.8  $   216.2  $   273.5
Weighted average common units
 and i-units outstanding             351.0      342.6      348.0      339.1
                                 ---------  ---------  ---------  ---------
Adjusted net income per common
 unit and i-unit (in dollars per
 unit)                           $    0.14  $    0.11  $    0.62  $    0.80
                                 ---------  ---------  ---------  ---------



                                  Three months ended    Twelve months ended
             Liquids                 December 31,          December 31,
                                 --------------------  --------------------
(unaudited; in millions)            2016       2015       2016       2015
                                 ---------  ---------  ---------  ---------
Operating income                 $   311.7  $   199.1  $   490.8  $   994.0
Noncash derivative fair value
 losses                                1.7        4.4        8.7       15.5
Make-up rights adjustment                -       (0.3)       0.9       (5.3)
Line 2 hydrotest expenses, net
 of recoveries                        (0.5)      17.0      (10.8)      54.1
Line 6A and 6B incident
 expenses, net of recoveries          (8.0)         -       (2.0)         -
Sandpiper costs                        3.1          -        9.0          -
Asset impairment                         -       62.5      756.7       62.5
Severance costs                        3.9          -        3.9          -
                                 ---------  ---------  ---------  ---------
Adjusted operating income        $   311.9  $   282.7  $ 1,257.2  $ 1,120.8
                                 ---------  ---------  ---------  ---------



                                  Three months ended    Twelve months ended
           Natural Gas               December 31,          December 31,
                                 --------------------  --------------------
(unaudited; in millions)            2016       2015       2016       2015
                                 ---------  ---------  ---------  ---------
Operating income (loss)          $   (30.1) $     1.2  $  (149.0) $  (298.0)
Noncash derivative fair value
 losses                               24.6        4.8      112.1       56.7
Option premium amortization              -       (1.0)       1.2       (6.6)
Loss on sale of non-core assets
 and severance                           -          -        2.9        3.2
Loss on natural gas contracts
 assignment                              -          -          -       10.3
Asset impairment                         -          -       10.6       12.3
Goodwill impairment                      -          -          -      246.7
Severance costs                        1.8          -        1.8          -
                                 ---------  ---------  ---------  ---------
Adjusted operating income (loss) $    (3.7) $     5.0  $   (20.4) $    24.6
                                 ---------  ---------  ---------  ---------

ADJUSTED EBITDA AND DISTRIBUTABLE CASH FLOW
Adjusted EBITDA (adjusted earnings before interest, taxes, depreciation and amortization) is used as a supplemental financial measurement to manage the performance of the entity. Distributable cash flow is used as a supplemental financial measurement to assess liquidity and the ability to generate cash sufficient to pay interest costs and make cash distributions to unitholders. The following reconciliations of net income (loss) to adjusted EBITDA and net cash provided by (used in) operating activities to distributable cash flow are provided because adjusted EBITDA and distributable cash flow are not financial measures recognized under generally accepted accounting principles.


                                  Three months ended    Twelve months ended
         Adjusted EBITDA             December 31,          December 31,
                                 --------------------  --------------------
(unaudited; in millions)            2016       2015       2016       2015
                                 ---------  ---------  ---------  ---------
Net income (loss) attributable
 to general and limited partner
 ownership interests in Enbridge
 Energy Partners, L.P.           $    80.3  $     6.9  $  (162.4) $   132.0
Depreciation and amortization        146.5      141.4      580.9      536.2
Interest expense, net                118.8      107.5      445.5      322.0
Income tax (benefit) expense          (6.3)       1.7        0.9        4.9
Net income attributable to
 noncontrolling interest              79.2       82.0       26.4      221.1
Series 1 preferred unit
 distributions                        22.5       22.5       90.0       90.0
Noncash derivative fair value
 losses                               26.3        9.2      120.8       72.2
Accretion of discount on Series
 1 preferred units                     1.2        1.1        4.7       11.2
Make-up rights adjustment                -       (0.1)       1.0       (6.1)
Line 2 hydrotest expenses, net
 of recoveries                        (0.5)      17.0      (10.8)      54.1
Line 6A and 6B incident
 expenses, net of recoveries          (8.0)         -       (2.0)         -
Option premium amortization              -       (1.0)       1.2       (6.6)
Loss on sale of non-core assets
 and severance                           -          -        2.9        3.2
Loss on natural gas contracts
 assignment                              -          -          -       10.3
Sandpiper costs                        3.1          -        9.0          -
Asset impairment                         -       62.5      767.3       74.8
Goodwill impairment                      -          -          -      246.7
Severance costs                        5.7          -        5.7          -
                                 ---------  ---------  ---------  ---------
Adjusted EBITDA                  $   468.8  $   450.7  $ 1,881.1  $ 1,766.0
                                 ---------  ---------  ---------  ---------



                                    Three months ended   Twelve months ended
      Distributable Cash Flow          December 31,         December 31,
                                   -------------------  --------------------
(unaudited; in millions)              2016      2015       2016       2015
                                   --------- ---------  ---------   --------
Net cash provided by (used in)
 operating activities              $   454.6 $   (23.5) $ 1,415.7  $ 1,030.8
Changes in operating assets and
 liabilities,
net of cash acquired                  (108.1)     30.8       12.6      (28.9)
Allowance for equity used during
 construction                            9.8      16.3       45.5       70.3
Option premium amortization                -      (1.0)       1.2       (6.6)
Line 2 hydrotest expenses, net of
 recoveries                             (0.5)     17.0      (10.8)      54.1
Distributions in excess of equity
 earnings                               (0.1)      0.9        5.6        5.8
Maintenance capital expenditures       (19.7)    (21.1)     (55.2)     (73.8)
Non-controlling interests             (122.0)   (115.2)    (467.4)    (406.2)
Distribution support agreement(1)       (3.5)        -       (7.3)         -
Settlement of pre-issuance
 interest swaps                            -     314.7          -      314.7
Other                                   10.4      (4.4)       2.9      (11.6)
                                   --------- ---------  ---------   --------
Distributable cash flow            $   220.9 $   214.5  $   942.8  $   948.6
                                   --------- ---------  ---------   --------

(1) Distribution agreement in place with MEP to support 1.0x coverage of the
 then declared distribution with a term through 2017, and no requirement for
 MEP to reimburse EEP for adjusted distributions.

About Enbridge Energy Partners, L.P.
Enbridge Energy Partners, L.P. owns and operates a diversified portfolio of crude oil and, through its interests in Midcoast Energy Partners, L.P. ("Midcoast Partners") (NYSE: MEP), natural gas transportation systems in the United States. Its principal crude oil system is the largest pipeline transporter of growing oil production from western Canada and the North Dakota Bakken formation. The system's deliveries to refining centers and connected carriers in the United States account for approximately 23 percent of total U.S. oil imports. Midcoast Partners' natural gas gathering, treating, processing and transmission assets, which are principally located onshore in the active U.S. Mid-Continent and Gulf Coast areas, deliver approximately 1.5 billion cubic feet of natural gas daily.

About Enbridge Energy Management, L.L.C.
Enbridge Management manages the business and affairs of the Partnership, and its sole asset is an approximate 17 percent limited partner interest in Enbridge Partners. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, Canada (NYSE: ENB) (TSX: ENB) is the general partner of Enbridge Partners and holds an approximate 42 percent interest in Enbridge Partners together with all of the outstanding preferred units and Class B, D and E units in Enbridge Partners. Enbridge Management is the delegate of the general partner of Enbridge Partners.

Forward-Looking Statements
This news release includes forward-looking statements, which are statements that frequently use words such as "anticipate," "believe," "consider," "continue," "could," "estimate," "evaluate," "expect," "explore," "forecast," "intend," "may," "opportunity," "plan," "position," "projection," "should," "strategy," "target," "will" and similar words. Although we believe that such forward-looking statements are reasonable based on currently available information, such statements involve risks, uncertainties and assumptions and are not guarantees of performance. Future actions, conditions or events and future results of operations may differ materially from those expressed in these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date on which it is made, and we undertake no obligation to publicly update any forward-looking statement. Many of the factors that will determine these results are beyond our ability to control or predict. Specific factors that could cause actual results to differ from those in the forward-looking statements include: (1) changes in the demand for the supply of, forecast data for, and price trends related to crude oil, liquid petroleum, natural gas and NGLs, including the rate of development of the Alberta Oil Sands; (2) our ability to successfully complete and finance expansion projects; (3) the effects of competition, in particular, by other pipeline systems; (4) shut-downs or cutbacks at our facilities or refineries, petrochemical plants, utilities or other businesses for which we transport products or to whom we sell products; (5) hazards and operating risks that may not be covered fully by insurance, including those related to Line 6B and any additional fines and penalties and injunctive relief assessed in connection with the crude oil release on that line; (6) costs in connection with complying with the settlement consent decree related to Line 6B and Line 6A, which is still subject to court approval, or the failure to receive court approval of, or material modifications to, such decree; (7) changes in or challenges to our tariff rates; (8) changes in laws or regulations to which we are subject, including compliance with environmental and operational safety regulations that may increase costs of system integrity testing and maintenance; and (9) permitting at federal, state and local level or renewals of rights of way.

Forward-looking statements regarding sponsor support transactions or sales of assets (to Enbridge or otherwise) are further qualified by the fact that Enbridge is under no obligation to provide additional sponsor support and neither Enbridge nor any third party is under any obligation to offer to buy or sell us assets, and we are under no obligation to buy or sell any such assets. As a result, we do not know when or if any such transactions will occur. Any statements regarding sponsor expectations or intentions are based on information communicated to us by Enbridge, but there can be no assurance that these expectations or intentions will not change in the future.

"Enbridge" refers collectively to Enbridge Inc. and its subsidiaries other than the Partnership and our subsidiaries.

Except to the extent required by law, we assume no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Reference should also be made to the Partnership's filings with the U.S. Securities and Exchange Commission (the "SEC"), including its most recently filed Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q or current reports on Form 8-K for additional factors that may affect results. These filings are available to the public over the Internet at the SEC's website (www.sec.gov) and at the Partnership's website.

Tax Notification
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Enbridge Energy Partners, L.P.'s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Enbridge Energy Partners, L.P.'s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Enbridge Energy Partners, L.P., are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

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SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
SYS-CON Events announced today that Interoute has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Interoute is the owner operator of Europe's largest network and a global cloud services platform, which encompasses over 70,000 km of lit fiber, 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 195 additional partner data centers. Our full-service Unifie...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...