Welcome!

News Feed Item

Firan Technology Group Corporation ("FTG" or "Corporation") Announces Second Quarter 2017 Financial Results

TORONTO, ONTARIO -- (Marketwired) -- 07/17/17 -- Firan Technology Group Corporation (TSX: FTG) today announced financial results for the second quarter of 2017.


--  Achieved sales of $25.5M, an increase of 29% over Q2 2016
--  Grew Aerospace segment sales by 60% over Q2 last year
--  Grew Circuits segment sales by 17% over Q2 last year
--  Gross margins increased by $0.9M or 18% over Q2 last year
--  Closed the Teledyne PCT facility at the end of Q2
--  Q2 profitability impacted by the extension of Teledyne PCT operations
    and ongoing ramp up of activity of Chatsworth operations, which are
    expected to continue to ramp up through Q3

"The second quarter of 2017 saw continued growth in FTG from last year's acquisitions and progress in transitioning the work into FTG's legacy facilities", stated Brad Bourne, President and Chief Executive Officer. He added, "We continue to achieve the sales growth expectations from the acquisitions but did incur increased costs in the quarter related to the transition due to the extended use of the Hudson facility as well as ramp up costs in Chatsworth. We remain focused on completing all transition tasks to support customer demands and ultimately generating the anticipated returns from the acquisitions."

Second Quarter Results: (three months ended June 2, 2017 compared with three months ended May 27, 2016)


                                                Q2 2017             Q2 2016
                                      ------------------  ------------------

Sales                                  $     25,513,000    $     19,765,000

Gross Margin                                  5,753,000           4,860,000
Gross Margin (%)                                   22.5%               24.6%

                                      --------------------------------------
Operating Earnings (1):                       2,581,000           1,912,000

- Net R&D Investment                          1,846,000             807,000
- Bargain Purchase Gain                               -          (1,611,000)
- Restructuring Expense                               -             670,000
- Foreign Exchange (Gain) Loss                 (118,000)            360,000
- Recovery of Investment Tax Credits           (188,000)           (180,000)
- Amortization of Intangibles                   286,000              32,000

Net Earnings before Tax                         755,000           1,834,000

- Tax Expense                                   650,000             478,000
- Non-controlling Interests                     (19,000)              6,000

                                      --------------------------------------
Net Earnings After Tax                 $        124,000    $      1,350,000
                                      --------------------------------------
Earnings per share
- basic                                           $0.01               $0.07
- diluted                                         $0.01               $0.07

Year-to-Date Results: (six months ended June 2, 2017 compared with six months ended May 27, 2016)



                                               YTD 2017            YTD 2016
                                      ------------------  ------------------

Sales                                 $      52,685,000   $      36,694,000

Gross Margin                                 12,639,000           8,612,000
Gross Margin (%)                                   24.0%               23.5%

                                      --------------------------------------
Operating Earnings (1):                       5,598,000           3,144,000

- Net R&D Investment                          3,256,000           1,524,000
- Bargain Purchase Gain                               -          (1,611,000)
- Restructuring Expense                               -             670,000
- Foreign Exchange Loss                          43,000             305,000
- Recovery of Investment Tax Credits           (329,000)           (347,000)
- Amortization of Intangibles                   567,000              44,000

Net Earnings before tax                       2,061,000           2,559,000

- Income Tax                                  1,155,000             753,000
- Non-controlling Interests                     (18,000)              6,000

                                      --------------------------------------
Net Earnings after tax                $         924,000   $       1,800,000
                                      --------------------------------------
Earnings per share
- basic                                           $0.04               $0.10
- diluted                                         $0.04               $0.09

1.  Operating Earnings is not a measure recognized under International
    Financial Reporting Standards ("IFRS"). Management believes that this
    measure is important to many of the Corporation's shareholders,
    creditors and other stakeholders. The Corporation's method of
    calculating Operating Earnings may differ from other corporations and
    accordingly may not be comparable to measures used by other
    corporations.

Business Highlights

FTG accomplished many goals in the second quarter of 2017 that continue to improve the Corporation and position it for the future, including:


--  Closed the Teledyne PCT facility at the end of May
--  Achieved sales resulting from the PhotoEtch acquisition of $2.9M in the
    quarter versus the target of $1.5M
--  Achieved sales resulting from the Teledyne PCT acquisition of $5.0M in
    the quarter versus the target of $4M
--  FTG cockpit products flew on the first flight of the COMAC C919 aircraft
    in China.

For FTG, overall sales increased by $5.7M or 29% from $19.8M in Q2 2016 to $25.5M in Q2 2017. Both business segments participated in the growth. Revenues benefited from the PhotoEtch acquisition which closed in March 2016 and contributed $2.9M in sales in Q2 2017 compared to $1.3M in incremental sales during the same quarter last year. Revenues also benefited from the acquisition of Teledyne PCT which contributed $5.0M in incremental sales in Q2 2017. For the year-to-date, sales were up $16.0M or 44%.

The Circuits Segment sales were up $2.4M or 17% in Q2 2017 versus Q2 2016. On a year-to-date basis, Circuits sales were up $5.3M or 20%. Circuits sales in 2017 year-to-date period have been lifted slightly by the inclusion of some incremental revenue from the acquisition of Teledyne PCT.

For the Aerospace segment, sales in Q2 2017 were $8.9M compared to $5.6M in the same quarter last year resulting in a 60% growth rate. Included in the Q2 2017 results are $2.9M in sales from the acquisition of PhotoEtch and the majority of the Teledyne PCT incremental sales. From Q1 to Q2 2017, the sales related to the Teledyne PCT acquisition were down approximately $3.0M as operations wound down in the second half of the quarter and the facility was closed. Activity in Chatsworth has ramped up considerably in Q2 but will continue through Q3 as equipment is moved and installed, inventory is transferred and training continues on the handling of the new equipment and the building of new products. Year-to-date sales were up $10.7M or 107% in the Aerospace segment.

Gross margins in Q2 2017 were up $0.9M compared to Q2 2016. The benefit of increased sales were offset by increased costs related to operations of the Teledyne PCT facility to the end of Q2, as well as transition related costs.

Normalized earnings before interest, tax, depreciation and amortization (EBITDA) for FTG for Q2 2017 was $1.8M and $8.6M for the trailing twelve months.

The following table reconciles EBITDA(2) to the net earnings for Q2, 2017.


                                                Q2 2017            Trailing
                                      -----------------   -----------------
                                                                     Twelve
                                                          -----------------
                                                                     Months
                                                          -----------------

Net earnings                           $        124,000           5,039,000
Add:
Interest                                        130,000             456,000
Income taxes/ITC                                443,000           1,442,000
Depreciation/Amortization                     1,170,000           3,857,000
One-time Bargain Purchase
 Gain/Restructuring                                   -          (2,197,000)

                                      --------------------------------------
EBITDA                                 $      1,867,000    $      8,597,000
                                      --------------------------------------

2.  EBITDA is not a measure recognized under International Financial
    Reporting Standards ("IFRS"). Management believes that this measure is
    important to many of the Corporation's shareholders, creditors and other
    stakeholders. The Corporation's method of calculating EBITDA may differ
    from other corporations and accordingly may not be comparable to
    measures used by other corporations.

Net profit after tax at FTG in Q2 2017 was $0.1M compared to a net profit of $1.4M in Q2 2016. Q2 2017 had higher R&D costs substantially related to the transition of Teledyne PCT product to Chatsworth, higher operating costs related to the ongoing transition, higher amortization of intangible assets and higher income taxes. Q2 2016 results also included a one-time bargain purchase gain related to the PhotoEtch acquisition.

The Circuits segment net earnings before corporate and interest and other costs was $2.6M in Q2 2017 compared to $1.7M in Q2 2016. The Circuits joint venture in China did not have a material impact on profitability.

The Aerospace segment net loss before interest and income taxes was ($1.0M) versus $0.7M in Q2 2016. The results in Q2 last year included a net $0.9M benefit from the bargain purchase gain offset by the restructuring charge, both related to the acquisition of PhotoEtch. Q2 2017 included the costs of running the Teledyne PCT facility in parallel with ramping up the Aerospace Chatsworth facility, resulting in double costs. This combined with reduced production in the second half of Q2 as the transition of equipment and inventory was initiated hurt short term profitability. There was negligible deferred development on any programs in Q2 2107.

As at June 2, 2017, the Corporation's net working capital was $22.8M, an increase of $0.4M over year-end 2016.

The Corporation will host a live conference call on Monday, July 17, 2017 at 11:30 am (EDT) to discuss the results of Q2 2017.

Anyone wishing to participate in the call should dial 416-340-2220 or 1-866-225-2055 and identify that you are calling to participate in the FTG conference call. The Chairperson is Mr. Brad Bourne. A replay of the call will be available until July 27, 2017 and will be available on the FTG website at www.ftgcorp.com. The number to call for a rebroadcast is 905-694-9451 or 1-800-408-3053, pass code 8837518#.

ABOUT FIRAN TECHNOLOGY GROUP CORPORATION

FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. FTG has two operating units:


   FTG Circuits is a manufacturer of high technology, high reliability
   printed circuit boards. Our customers are leaders in the aviation,
   defense, and high technology industries. FTG Circuits has operations in
   Toronto, Ontario, Chatsworth, California and a joint venture in Tianjin,
   China.

   FTG Aerospace manufactures illuminated cockpit panels, keyboards and sub-
   assemblies for original equipment manufacturers of aerospace and defense
   equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth,
   California, Fort Worth, Texas and Tianjin, China.

The Corporation's shares are traded on the Toronto Stock Exchange under the symbol FTG.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements. These forward-looking statements are related to, but not limited to, FTG's operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains words such as "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. Such statements are based on the current expectations of management of the Corporation and inherently involve numerous risks and uncertainties, known and unknown, including economic factors and the Corporation's industry, generally. The preceding list is not exhaustive of all possible factors. Such forward-looking statements are not guarantees of future performance and actual events and results could differ materially from those expressed or implied by forward-looking statements made by the Corporation. The reader is cautioned to consider these and other factors carefully when making decisions with respect to the Corporation and not place undue reliance on forward-looking statements. Other than as may be required by law, FTG disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

Additional information can be found at the Corporation's website www.ftgcorp.com.


FIRAN TECHNOLOGY GROUP CORPORATION
Interim Condensed Consolidated Balance Sheets

----------------------------------------------------------------------------
(Unaudited)                                    June 02,        November 30,
(in thousands of Canadian dollars)                 2017                2016
----------------------------------------------------------------------------

ASSETS
Current assets
Cash                                   $          3,636    $          3,152
Accounts receivable                              18,689              21,022
Taxes receivable                                    369                 259
Inventories                                      22,169              22,464
Prepaid expenses                                  1,234               1,776
----------------------------------------------------------------------------
                                                 46,097              48,673
Non-current assets
Plant and equipment, net                         10,974               8,851
Deferred income tax assets                          278               1,327
Investment tax credits receivable                 7,659               7,330
Deferred development costs                          582                 739
Intangible assets, net                            4,521               5,066
----------------------------------------------------------------------------
Total assets                           $         70,111    $         71,986
----------------------------------------------------------------------------

LIABILITIES AND EQUITY
Current liabilities
Bank indebtedness                      $          6,752    $          6,983
Accounts payable and accrued
 liabilities                                     13,856              15,105
Provisions                                          893               2,349
Customer deposits, net of deferred
 development                                        307                 308
Current portion of long-term bank debt            1,519               1,510
----------------------------------------------------------------------------
                                                 23,327              26,255
Non-current liabilities
Long-term bank debt                               5,355               6,079
Deferred tax payable                              1,635               1,573
----------------------------------------------------------------------------
Total liabilities                                30,317              33,907
----------------------------------------------------------------------------

Equity
Retained earnings                      $          8,467    $          7,543
Accumulated other comprehensive income              366                 443
----------------------------------------------------------------------------
                                                  8,833               7,986
Share capital
  Common shares                                  19,199              19,051
  Preferred shares                                2,218               2,218
Contributed surplus                               8,263               8,381
----------------------------------------------------------------------------
Total equity attributable to FTG's
 shareholders                                    38,513              37,636
Non-controlling interest                          1,281                 443
----------------------------------------------------------------------------
Total equity                                     39,794              38,079
----------------------------------------------------------------------------
Total liabilities and equity           $         70,111    $         71,986
----------------------------------------------------------------------------

FIRAN TECHNOLOGY GROUP CORPORATION
Interim Condensed Consolidated Statements of Earnings

----------------------------------------------------------------------------
                            Three months ended         Six months ended
----------------------------------------------------------------------------
(Unaudited)                 June 02,      May 27,     June 02,      May 27,
(in thousands of
 Canadian dollars,
 except per share
 amounts)                       2017         2016         2017         2016
----------------------------------------------------------------------------

Sales                    $    25,513  $    19,765  $    52,685  $    36,694
----------------------------------------------------------------------------

Cost of sales
  Cost of sales               18,937       14,378       38,655       27,042
  Depreciation of plant
   and equipment                 823          527        1,391        1,040
----------------------------------------------------------------------------
Total cost of sales           19,760       14,905       40,046       28,082
----------------------------------------------------------------------------
Gross margin                   5,753        4,860       12,639        8,612
----------------------------------------------------------------------------

Expenses
  Selling, general and
   administrative              3,008        2,858        6,722        5,310
  Research and
   development costs           1,886          877        3,366        1,664
  Recovery of research
   and development costs         (40)         (70)        (110)        (140)
  Recovery of investment
   tax credits                  (188)        (180)        (329)        (347)
  Depreciation of plant
   and equipment                  34           26           66           54
  Amortization of
   intangible assets             286           32          567           44
  Interest expense on
   short-term debt                71           20          128           20
  Interest expense on
   long-term debt                 59           44          125           84
  Foreign exchange
   (gain) loss                  (118)         360           43          305
  Bargain purchase gain            -       (1,611)           -       (1,611)
  Restructuring expenses           -          670            -          670
----------------------------------------------------------------------------
Total expenses                 4,998        3,026       10,578        6,053
----------------------------------------------------------------------------

Earnings before income
 taxes                           755        1,834        2,061        2,559

Current income tax
 (recovery) expense              (41)          15          (24)          31
Deferred income tax
 expense                         691          463        1,179          722
----------------------------------------------------------------------------
Total income tax expense         650          478        1,155          753

Net earnings             $       105  $     1,356  $       906  $     1,806
----------------------------------------------------------------------------
Attributable to:
Non-controlling interest $       (19) $         6  $       (18) $         6
----------------------------------------------------------------------------
Equity holders of FTG    $       124  $     1,350          924        1,800
----------------------------------------------------------------------------

Earnings per share,
 attributable to the
 equity holders of FTG
  Basic                  $      0.01  $      0.07  $      0.04  $      0.10
  Diluted                $      0.01  $      0.07  $      0.04  $      0.09
----------------------------------------------------------------------------

FIRAN TECHNOLOGY GROUP CORPORATION
Interim Condensed Consolidated Statements of Comprehensive Income

----------------------------------------------------------------------------
                            Three months ended         Six months ended
----------------------------------------------------------------------------
(Unaudited)                 June 02,      May 27,     June 02,      May 27,
(in thousands of
 Canadian dollars)              2017         2016         2017         2016
----------------------------------------------------------------------------

Net earnings             $       105  $     1,356  $       906  $     1,806
----------------------------------------------------------------------------
Other comprehensive
 income (loss) to be
 reclassified to net
 earnings in subsequent
 periods:

  Foreign currency
   translation
   adjustments                   300          (71)         813          788
  Net unrealized (loss)
   gain on derivative
   financial instruments
   designated as cash
   flow hedges                  (226)         826       (1,144)         181
  Tax impact                      57         (206)         286          (45)

----------------------------------------------------------------------------
                                 131          549          (45)         924
----------------------------------------------------------------------------

Total comprehensive
 income                  $       236  $     1,905  $       861  $     2,730
----------------------------------------------------------------------------

Attributable to:
Equity holders of FTG    $       202  $     1,901  $       847  $     2,726
Non-controlling interest $        34  $         4  $        14  $         4
----------------------------------------------------------------------------

FIRAN TECHNOLOGY GROUP CORPORATION
Interim Condensed Consolidated Statements of Changes in Equity


----------------------------------------------------------------------------
Six months ended June
02, 2017                       Attributed to the equity holders of FTG
                      ------------------------------------------------------
(Unaudited)
(in thousands of             Common    Preferred    Retained    Contributed
Canadian dollars)            Shares       Shares    Earnings        Surplus
----------------------------------------------------------------------------
Balance, November 30,
2016                   $     19,051 $      2,218 $     7,543 $        8,381
Net earnings                      -            -         924              -
Stock-based
compensation                      -            -           -             24
Common shares issued
on exercise of share
options and PSU's               148            -           -           (142)
Foreign currency
translation
adjustments                       -            -           -              -
Net unrealized loss on
derivative financial
instruments designated
as cash flow hedges,
net of tax impact                 -            -           -              -
Contribution from non-
controlling interest              -            -           -              -
Balance, June 02, 2017 $     19,199 $      2,218 $     8,467 $        8,263
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Six months ended May
27, 2016                       Attributed to the equity holders of FTG
                      ------------------------------------------------------
(in thousands of             Common    Preferred    Retained    Contributed
Canadian dollars)            Shares       Shares    Earnings        Surplus
----------------------------------------------------------------------------
Balance, November 30,
2015                   $     13,075 $      2,218 $     1,628 $        8,373
Net earnings                      -            -       1,800              -
Stock-based
compensation                      -            -           -             24
Common shares issued
on exercise of share
options                          34            -           -             (9)
Foreign currency
translation
adjustments                       -            -           -              -
Net unrealized gain on
derivative financial
instruments designated
as cash flow                      -            -           -              -
----------------------------------------------------------------------------
Balance, May 27, 2016  $     13,109 $      2,218 $     3,428 $        8,388
----------------------------------------------------------------------------


FIRAN TECHNOLOGY GROUP CORPORATION
Interim Condensed Consolidated Statements of Changes in Equity


----------------------------------------------------------------------------
  Attributed to the equity holders of
                  FTG
--------------------------------------

    Accumulated Other
        Comprehensive                      Non-controlling
        Income (Loss)            Total            interest     Total equity
----------------------------------------------------------------------------
 $                443  $        37,636 $               443  $        38,079
                    -              924                 (18)             906
                    -               24                   -               24
                    -                6                   -                6
                  781              781                  32              813
                 (858)            (858)                  -             (858)
                    -                -                 824              824
 $                366  $        38,513 $             1,281  $        39,794
----------------------------------------------------------------------------

----------------------------------------------------------------------------
  Attributed to the equity holders of
                  FTG
--------------------------------------
    Accumulated Other
        Comprehensive                      Non-controlling
        Income (Loss)            Total            interest     Total equity
----------------------------------------------------------------------------
 $               (233) $        25,061 $                29  $        25,090
                    -            1,800                   6            1,806
                    -               24                   -               24
                    -               25                   -               25
                  790              790                  (2)             788
                  136              136                   -              136
----------------------------------------------------------------------------
 $                693  $        27,836 $                33  $        27,869
----------------------------------------------------------------------------

FIRAN TECHNOLOGY GROUP CORPORATION
Interim Condensed Consolidated Statements of Cash Flows

----------------------------------------------------------------------------
                            Three months ended         Six months ended
----------------------------------------------------------------------------
(Unaudited)                 June 02,      May 27,     June 02,      May 27,
(in thousands of
 Canadian dollars)              2017         2016         2017         2016
----------------------------------------------------------------------------
Net inflow (outflow) of
 cash related to the
 following
Operating activities
Net earnings             $       105  $     1,356  $       906  $     1,806
Items not affecting
 cash:
  Non-controlling
   interest share of net
   loss (earnings                 19           (6)          18           (6)
  Stock-based
   compensation                   24           12           24           24
  (Gain) on disposal of
   plant and equipmen            (15)           -          (18)           -
  Effect of exchange
   rates on US dollar
   deb                            84         (188)          65         (110)
  Depreciation of plant
   and equipment                 857          553        1,457        1,094
  Amortization of
   intangible assets             286           32          567           44
  Amortization of
   deferred financing
   costs                           3            3            6            5
  Deferred income tax            633          669        1,111        1,062
  Investment tax credits
   (recovery                    (188)        (180)        (329)        (347)
  (Increase) decrease in
   net unrealized loss
   on derivative
   financial instruments
   designated as cash
   flow hedges                  (170)         620         (201)       1,019
Net change in non-cash
 operating working
 capital                         594       (5,119)         400       (7,006)
----------------------------------------------------------------------------
                               2,232       (2,248)       4,006       (2,415)
----------------------------------------------------------------------------
Investing activities
  Additions to plant and
   equipment, ne              (2,594)        (322)      (3,487)        (711)
  Additions to plant and
   equipment -
   acquisitions                    -         (418)           -         (418)
  Additions to
   intangible assets -
   acquisitions                    -         (940)           -         (940)
  (Additions) recovery
   of deferred
   development costs             (19)          64          116          (11)
  Proceeds from disposal
   of plant and equipmen          15            -           18            -
----------------------------------------------------------------------------
                              (2,598)      (1,616)      (3,353)      (2,080)
----------------------------------------------------------------------------
Net cash flow from
 operating and investing
 activities                     (366)      (3,864)         653       (4,495)
----------------------------------------------------------------------------
Financing activities
  Increase (decrease) in
   bank indebtedness           1,399        3,520         (231)       3,520
  Repayments of long-
   term bank debt               (395)        (260)        (782)        (542)
  Funding from non-
   controlling interests           -            -          824            -
  Proceeds from issue of
   Common shares                   3           14            6           25
----------------------------------------------------------------------------
                               1,007        3,274         (183)       3,003
----------------------------------------------------------------------------
Effects of foreign
 exchange rate changes
 on cash flow                    194          133           14          103
----------------------------------------------------------------------------
Net increase (decrease)
 in cash flow                    835         (457)         484       (1,389)
Cash, beginning of the
 period                        2,801        2,228        3,152        3,160
----------------------------------------------------------------------------
Cash, end of the period  $     3,636  $     1,771        3,636  $     1,771
----------------------------------------------------------------------------

Disclosure of cash
 payments
  Payment for interest   $       130  $        64  $       259  $       104
  Payments for income
   taxes                 $         -  $         7  $         4  $        14
----------------------------------------------------------------------------

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...