Welcome!

News Feed Item

American Education Center Reports Third Quarter 2017 Financial Results

NEW YORK, Nov. 14, 2017 /PRNewswire/ -- American Education Center, Inc. ("AEC" or the "Company;") (OTCQB: AMCT), an emerging growth company providing educational and career enrichment opportunities for Chinese students studying in the United States, and compliance training and advisory services to companies in China, today announced its financial results for the three and nine months ended September 30, 2017.

Mr. Max P. Chen, Chairman and Chief Executive Officer of AEC, commented, "In conjunction with our plan to grow revenues and improve our overall profitability, our total revenues for the third quarter increased by 437.7% to $5.22 million-- thanks to contribution from the newly acquired compliance training and advisory services business that we acquired in October 2016, as well as growth from our career advisory and placement advisory services. Our margins have improved significantly as gross margin increased by 7.3 percentage points to 25.4% and operating loss margin narrowed to 1.6% for the third quarter."

"With market demand for our advisory services continuing to grow at a healthy rate and improving financial condition following the recent $2 million private placement of our Series A Convertible Preferred Stock, both Anthony (our newly appointed Chief Financial Officer) and I are excited about our revised strategic plan and we believe that AEC is well positioned to execute on our growth strategy and launch our uplisting efforts," concluded Mr. Chen.

Third Quarter 2017 Financial



For the Three Months Ended September 30,


($'000, except per share data)


2017



2016



% Change


Revenues

$

5,216



$

970.0



437.7

%

Gross profit

$

1,325



$

175.7



654.2

%

Gross margin


25.4

%



18.1

%


7.3 pp


Operating loss

$

(82)



$

(130)



37.2

%

Operating loss margin


-1.6

%



-13.4

%


11.9 pp


Net loss

$

(3)



$

(52)



-94.1

%

Loss per share

$

(0.0001)



$

(0.0016)



95.5

%

Revenues

For the third quarter 2017, total revenues increased by $4.25 million, or 437.7%, to $5.22 million from $0.97 million for the same period of last year. The increase in total revenues was primarily due to revenues from compliance training and advisory services delivered by our wholly owned subsidiary, AEC Southern Management Co., Ltd. ("AEC Southern UK") which we acquired in October 2016 as well as the increase in revenues from career advisory and placement advisory services.


For the Three Months Ended September 30,



2017



2016



Y/Y Change



Revenue


% of



Revenue


% of



Amount





($'000)


Total



($'000)


Total



($'000)


%


Compliance training & advisory

$

3,739


71.7

%


$

-


0.0

%


$

3,739


NM


Placement advisory


141


2.7

%



19


2.0

%



123


662.4

%

Career advisory


841


16.1

%



400


41.2

%



441


110.3

%

Student & family advisory


494


9.5

%



551


56.8

%



(57)


-10.4

%

Total

$

5,216


100.0

%


$

970


100.0

%


$

4,246


437.7

%

On a segment basis, revenues from compliance training and advisory services were $3.74 million and accounted for 71.7% of total revenues for the third quarter 2017. Revenues from placement advisory services increased by $0.12 million, or 662.4%, to $0.14 million for the third quarter 2017 from $0.02 million for the same period of last year. Revenues from career advisory services increased by $0.44 million, or 110.3%, to $0.84 million for the third quarter 2017 from $0.40 million for the same period of last year. Revenues from student and family advisory services decreased by $0.06 million, or 10.4%, to $0.49 million for the third quarter 2017 from $0.55 million for the same period of last year. Revenues from placement advisory, career advisory and student and family advisory services were generated by our wholly-owned subsidiary American Education Center, Inc. ("AEC New York") and accounted for 2.7%, 16.1%, and 9.5%, respectively, of total revenues for the third quarter 2017.

Gross Profit

Total cost of revenues increased by $3.10 million, or 389.9%, to $3.89 million for the third quarter 2017 from $0.79 million for the same period of last year.

Total gross profit increased by $1.15 million, or 654.2%, to $1.32 million for the third quarter 2017 from $0.18 million for the same period of last year. Gross profits for AEC New York and AEC Southern UK were $0.47 million and $0.86 million, respectively, for the third quarter 2017, compared to $0.18 million and $nil, respectively, for the same period of last year.

Overall gross margin was 25.4% with gross margins of 31.7% for AEC New York and 22.9% for AEC Southern UK for the third quarter 2017. This compared to gross margin of 18.1% for overall as well as AEC New York for the same period of last year.

Operating Loss

Selling and marketing expenses were $0.75 million, or 14.4% of total revenues, for the third quarter 2017, compared to $0.05 million, or 5.0% of total revenues, for the same period of last year. General and administrative expenses were $0.66 million, or 12.6% of total revenues, for the third quarter 2017, compared to $0.26 million, or 26.6% of total revenues, for the same period of last year. As a result, total operating expenses were $1.41 million, or 27.0% of total revenues, for the third quarter 2017, compared to $0.31 million, or 31.6% of total revenues, for the same period of last year.

Loss from operations was $0.08 million for the third quarter 2017, compared to $0.13 million for the same period of last year. Operating loss margin was 1.6% for the third quarter 2017, compared to 13.4% for the same period of last year.

Net Loss

For the third quarter 2017, net loss was $3,054, or loss of $0.0001 per basic and diluted share. This compared to net loss of $51,948, or loss of $0.0016 per basic and diluted share, for the same period of last year.

Nine Months Ended September 30, 2017 Financial Results



For the Nine Months Ended September 30,


($'000, except per share data)


2017



2016



% Change


Revenues

$

20,379



$

4,881



317.6

%

Gross profit

$

6,708



$

982



583.4

%

Gross margin


32.9

%



20.1

%


12.8 pp


Operating income (loss)

$

1,525



$

(184)



926.9

%

Operating (loss) margin


7.5

%



-3.8

%


11.3 pp


Net income (loss)

$

1,138



$

(84)



1454.7

%

Earnings (loss) per share

$

0.0275



$

(0.0027)



1102.0

%

Revenues

For the nine months ended September 30, 2017, total revenues increased by $15.50 million, or 317.6%, to $20.38 million from $4.88 million for the same period of last year. The increase in total revenues was primarily due to revenues from compliance training and advisory services delivered by AEC Southern UK, a business we acquired in October 2016, as well as increase in revenues from career advisory services.


For the Nine Months Ended September 30,



2017



2016



Y/Y Change



Revenue


% of



Revenue


% of



Amount





($'000)


Total



($'000)


Total



($'000)


%


Compliance training & advisory

$

15,007


73.6

%


$

-


0.0

%


$

15,007


NM


Placement advisory


678


3.3

%



959


19.6

%



(281)


-29.3

%

Career advisory


2,438


12.0

%



1,302


26.7

%



1,136


87.2

%

Student & family advisory


2,256


11.1

%



2,620


53.7

%



(364)


-13.9

%

Total

$

20,379


100.0

%


$

4,881


100.0

%


$

15,499


317.6

%

On a segment basis, revenues from compliance training and advisory services delivered by AEC Southern UK were $15.01 million and accounted for 73.6% of our total revenues for the nine months ended September 30, 2017. Revenues from placement advisory services decreased by $0.28 million, or 29.3%, to $0.68 million for the nine months ended September 30, 2017 from $0.96 million for the same period of last year. Revenues from career advisory services increased by $1.14 million, or 87.2%, to $2.44 million for the nine months ended September 30, 2017 from $1.30 million for the same period of last year. Revenues from student and family advisory services decreased by $0.36 million, or 13.9%, to $2.26 million for the nine months ended September 30, 2017 from $2.62 million for the same period of last year. Revenues from placement advisory services, career advisory services and student & family advisory services were generated by AEC New York and accounted for 3.3%, 12.0%, and 11.1%, respectively, of total revenues for the nine months ended September 30, 2017.

Gross Profit

Total cost of revenues increased by $9.77 million, or 250.6%, to $13.67 million for the nine months ended September 30, 2017 from $3.90 million for the same period of last year.

Total gross profit increased by $5.73 million, or 583.4%, to $6.71 million for the nine months ended September 30, 2017 from $0.98 million for the same period of last year. Gross profits for AEC New York and AEC Southern UK were $1.78 million and $4.93 million, respectively, for the nine months ended September 30, 2017, compared to $0.98 million and $nil, respectively, for the same period of last year.

Overall gross margin was 32.9% with gross margins of 33.1% for AEC New York and 32.9% for AEC Southern UK for the nine months ended September 30, 2017. This compared to gross margin of 20.1% for overall as well as AEC New York for the same period of last year.

Operating Income (Loss)

Selling and marketing expenses were $3.32 million, or 16.3% of total revenues, for the nine months ended September 30, 2017, compared to $0.18 million, or 3.7% of total revenues, for the same period of last year. General and administrative expenses were $1.86 million, or 9.1% of total revenues, for the nine months ended September 30, 2017, compared to $0.99 million, or 20.2% of total revenues, for the same period of last year. As a result, total operating expenses were $5.18 million, or 25.4% of total revenues, for the nine months ended September 30, 2017, compared to $1.17 million, or 23.9% of total revenues, for the same period of last year.

Operating income was $1.52 million for the nine months ended September 30, 2017, compared to operating loss of $0.18 million for the same period of last year. Operating margin was 7.5% for the nine months ended September 30, 2017, compared to operating loss margin of 3.8% for the same period of last year.

Net Income (Loss)

For the nine months ended September 30, 2017, provision for income taxes was $0.39 million, compared to income tax benefit of $0.09 million for the same period of last year.

Net income was $1.14 million, or $0.0275 per basic and diluted share, for the nine months ended September 30, 2017. This compared to net loss of $0.08 million, or loss of $0.0027 per basic and diluted share, for the same period of last year. 

Financial Condition

As of September 30, 2017, we had cash, net accounts receivable, and accounts payable and accrued expenses of $1.61 million, $6.60 million and $4.07 million, respectively, compared to $2.29 million, $2.89 million and $3.45 million, respectively, at December 31, 2016. As of September 30, 2017, we had working capital surplus of $3.20 million, an increase of $2.21 million from $0.99 million as of December 31, 2016.

Net cash used in operating activities was $0.69 million for the nine months ended September 30, 2017, compared to $0.81 million for the same period of last year.

Company Update

On November 3, 2017, the Company announced that it completed a $2.0 million private placement of its Series A Convertible Preferred Stock to China Cultural Finance Holdings Company Limited ("CCF"). Pursuant to a Share Purchase Agreement executed on October 30, 2017, the Company issued 500,000 shares of its Series A Convertible Preferred Stock (the "Shares") to CCF for an aggregate consideration of $2.0 million, or $4 per share. As a condition of the Offering, the Company agreed to use its commercially reasonable efforts to effect the uplisting of its common shares on the NASDAQ Capital Market or such other national securities exchanges (the "Uplisting") within 365 days after the Offering (the "Uplisting Deadline"). If and when the Uplisting occurs, the Shares are subject to mandatory conversion into shares of AEC common stock at a conversion price which shall be the lesser of (i) $4.00 or (ii) 90% of the offering price in any qualifying financing concurrent with the Uplisting. In the event that AEC fails to complete the Uplisting on or before the Uplisting Deadline, CCF has the option to redeem the Shares, either partially or in its entirety, at $4 per share plus interest payment at a rate of 5% per annum within 30 days following the Uplisting Deadline.

On October 23, 2017, the Company announced that Max Chen, Chairman and CEO of the Company, has granted the Company a five-year exclusive right to use or incorporate a portfolio of English-as-a-second language books and training materials (the "ESL Materials") that are authored or co-authored by him in AEC's Language Training services.

On October 2, 2017, the Company announced the appointment of Mr. Anthony S. Chan, CPA, by the Board of Directors as its Chief Financial Officer, effective October 1, 2017, replacing Mr. Max P. Chen who will continue to serve as the President, Chairman and sole director of the Board, and Chief Executive Officer of the Company. 

On August 30, 2017, the Company announced the appointment of Mr. Max Pu Chen as CEO of the Company, replacing Jonathan McKeage whose employment contract expired on August 28, 2017.

On August 23, 2017, the Company announced that AEC Southern Management Co. Ltd. ("AEC Southern UK"), a wholly-owned subsidiary of AEC, signed a non-binding letter of intent on August 22, 2017 to acquire 100% equity interest in Dongmin Education Investment Co. Ltd. ("Dongmin"), an education investment and management company that delivers customized training and consulting services for both students and corporations in China.

On August 3, 2017, the Company approved the appointment of Wei, Wei & Co. LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending December 31, 2017, following the dismissal of Marcum Bernstein & Pinchuk LLP on August 1, 2017.

About American Education Center, Inc. (OTCQB: AMCT)

Based in New York with operations in China, we are one of most experienced and recognizable total solutions education advisory services company in the United States (US). Our customized placement and career advisory services are designed to address the needs of the rising middle-class families in China for quality education and working experience in the US. We also deliver customized compliance training and advisory services to corporate clients in China in the food industry to help them meet the local regulatory and compliance requirements and standards. For more information, please visit: www.aec100.com.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. 

Contact:

American Education Center, Inc.
Nancy Qin
(212) 825-0437
[email protected]

Investor Relations
Tony Tian, CFA
Weitian Group LLC
(732) 910-9692
[email protected]

AMERICAN EDUCATION CENTER, INC. AND SUBSIDIARIES


CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)



Three Months Ended September 30,


Nine Months Ended September 30,


2017


2016


2017


2016









Revenues

$

5,215,743


$

969,959


$

20,379,142


$

4,880,614

Cost of revenues


3,890,800



794,273



13,670,929



3,899,032

Gross profit


1,324,943



175,686



6,708,213



981,582













Operating expenses:












Selling and marketing


750,565



48,465



3,320,568



180,612

General and administrative


656,317



257,606



1,862,901



985,373

Total operating expenses


1,406,882



306,071



5,183,469



1,165,985













Income (loss) from operations


(81,939)



(130,385)



1,524,744



(184,403)

Other income


82



2,409



84



7,602













Income (loss) before provision for income taxes


(81,857)



(127,976)



1,524,828



(176,801)

Provision for (benefit from) income taxes


(78,803)



(76,028)



386,455



(92,770)













Net income (loss)

$

(3,054)


$

(51,948)


$

1,138,373


$

(84,031)













Other comprehensive income












Foreign currency translation gain


4,603



-



4,603



-

Comprehensive income

$

1,549


$

(51,948)


$

1,142,976



(84,031)













Earnings per share - basic and diluted

$

(0.00)


$

(0.00)


$

0.03


$

(0.00)













Weighted average shares outstanding, basic and diluted


41,350,000



31,558,889



41,350,000



30,584,000

 

AMERICAN EDUCATION CENTER, INC. AND SUBSIDIARIES


CONDENSED CONSOLIDATED BALANCE SHEETS



September 30,


December 31,

ASSETS

2017


2016


(Unaudited)







Current assets:






Cash  

$

1,609,945


$

2,290,429

Accounts receivable, net of allowance for doubtful accounts of $108,300 and $63,000 at September 30, 2017 and December 31, 2016, respectively 


6,604,059



2,887,837

Prepaid expenses


92,787



61,600







Total current assets


8,306,791



5,239,866







Noncurrent assets:






Deferred compensation


2,437,501



3,315,001

Deferred income taxes


33,436



97,936

Intangible asset, net 


476,633



578,769

Security deposits  


266,021



266,021







Total noncurrent assets


3,213,591



4,257,727







TOTAL ASSETS

$

11,520,382


$

9,497,593







LIABILITIES AND STOCKHOLDERS' EQUITY












Current liabilities:






Accounts payable and accrued expenses

$

4,067,358


$

3,452,231

Taxes payable


826,370



511,355

Deferred revenue


100,000



177,132

Loan from stockholders


113,906



113,906







Total current liabilities


5,107,634



4,254,624







Noncurrent liabilities:






Deferred rent


182,510



155,707

Long-term loan


295,579



295,579







Total liabilities


5,585,723



4,705,910







Stockholders' equity:






Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued


-



-

Common stock, $0.001 par value; 180,000,000 shares authorized; 41,350,000 shares issued and outstanding at September 30, 2017 and December 31, 2016


41,350



41,350

Additional paid-in capital


4,021,626



4,021,626

Retained earnings


1,867,080



728,707

Accumulated other comprehensive income


4,603



-







Total stockholders' equity


5,934,659



4,791,683







TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

11,520,382


$

9,497,593

 

AMERICAN EDUCATION CENTER, INC. AND SUBSIDIARIES


CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)



Nine Months Ended September 30,


2017


2016





Cash flows from operating activities:






Net income (loss)

$

1,138,373


$

(84,031)

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






Deferred tax provision (benefit)


64,500



(73,719)

Deferred rent expense


26,803



36,877

Deferred compensation


877,500



-

Provision for doubtful accounts


45,300



-

Stock issued for services


-



95,500

Amortization expense 


102,136



-

Change in operating assets and liabilities:






(Increase) decrease in accounts receivable


(3,761,522)



317,242

(Increase) decrease in prepaid expenses


(31,187)



79,830

Increase (decrease) in accounts payable and accrued expenses


615,127



(692,502)

Increase (decrease) in taxes payable


315,015



(31,574)

Decrease in deferred revenue


(77,132)



(553,624)

Increase in advances from clients


-



93,790







Net cash used in operating activities


(685,087)



(812,211)







Effect of exchange rates changes on cash


4,603



-







Net change in cash


(680,484)



(812,211)

Cash at beginning of period


2,290,429



1,093,755







Cash at end of period

$

1,609,945


$

281,544







Supplemental disclosure of cash flow information












Cash paid for income taxes

$

6,940


$

-







Cash paid for interest

$

14,778


$

22,167

 

View original content:http://www.prnewswire.com/news-releases/american-education-center-reports-third-quarter-2017-financial-results-300555086.html

SOURCE American Education Center, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...