Welcome!

Symbian Authors: Jack Newton, Kevin Benedict, Matthew Lobas, Shelly Palmer, RealWire News Distribution

News Feed Item

Vonage Holdings Corp. Reports Third Quarter 2012 Results

-- Adjusted EBITDA(1) of $34 Million --

HOLMDEL, N.J., Oct. 31, 2012 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting people through cloud-connected devices worldwide, today announced results for the third quarter ended September 30, 2012.

Vonage reported adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")1 of $34 million, down slightly from $35 million sequentially, and down from $40 million in the year ago quarter, consistent with the Company's previously stated plan to increase investment in strategic growth initiatives by $5-$10 million per quarter in 2012.  The Company invested $5 million in growth initiatives in the third quarter and $16 million through the first three quarters of 2012.  The Company had income from operations of $23 million compared to a loss from operations of $3 million in the prior quarter due to a one-time, non-cash adjustment of $25 million on the write-down of software assets, and compared to income from operations of $27 million in the year ago quarter.

GAAP net income was $13 million or $0.06 per share, up from a GAAP net loss of $3 million or $0.01 per share sequentially, and down from GAAP net income of $16 million or $0.07 per share a year ago. Net income excluding adjustments2 was $21 million or $0.09 per share, flat sequentially and down from $24 million or $0.11 per share a year ago. 

Gross line additions were 172,000, an increase from 163,000 sequentially and 170,000 versus the prior year.  Customer churn was 2.5%, flat sequentially and down from 2.7% a year ago as a result of sustained improvements in customer satisfaction and more effective retention processes.  The Company grew its customer base by 9,000 net lines during the quarter. 

"We reported a solid third quarter marked by stability in our core business, resulting in the growth of our customer base and steady cash flow," said Marc Lefar, Vonage Chief Executive Officer.  "During the quarter, we launched several key services in support of our growth initiatives.  These included a compelling new international plan for calls to the Philippines through our partnership with Globe; unlimited calling to mobile phones in Mexico; and, the addition of Vietnam and South Korea to our flagship Vonage World plan.  In addition, we fielded technical trials of our innovative mobile roaming capability.  And, last week, we unveiled our new digital calling card service to meet the needs of light to medium-use international callers.  Market testing of our BasicTalk service, targeting light-use domestic callers, has been expanded to a two-city multi-channel trial based upon the success of early direct marketing efforts," Lefar continued. 

"In addition, we executed on our stock repurchase plan announced in August as part of our balanced approach to capital allocation. We expect to repurchase additional shares in the fourth quarter.  And, we are on track to complete our $50 million buyback as planned, while also continuing to invest for growth."

Third Quarter Financial and Operating Results

Revenue totaled $208 million, down from $212 million sequentially due to the non-operational impact of lower Universal Service Fund ("USF") fees and plan mix.  Revenue declined from $217 million in the year ago quarter primarily due to lower average lines, plan mix, and the accounting impact from legacy activation fees that the Company discontinued in 2009. Average revenue per user was $29.31, down from $29.98 sequentially due primarily to lower USF fees and plan mix, and down from $30.16 in the year ago quarter due to plan mix.

Direct cost of telephony services ("COTS") was $55 million, down from $58 million sequentially due primarily to lower USF fees, which are a pass-through, and down from $59 million compared to the year ago quarter as a result of lower domestic termination costs. On a per line basis, COTS was $7.80, down from $8.23 sequentially and $8.25 in the third quarter of last year. 

Direct cost of goods sold was $10 million, up from $9 million sequentially on higher gross line additions, and down from $11 million in the prior year's quarter.  Direct margin3 was 68%, flat sequentially and year-over-year.

Selling, general and administrative ("SG&A") expense was $60 million, up from $58 million sequentially, and up from $59 million in the year ago quarter due to the expansion of the Company's retail sales channel. 

Marketing expense was $51 million, down from $55 million in the seasonally high cost second quarter, and flat compared to the year ago quarter. Subscriber line acquisition cost ("SLAC") was $299, down from $336 sequentially and down slightly from $300 in the year ago quarter. 

As of September 30, 2012, cash and cash equivalents, including $6 million in restricted cash, totaled $80 million. Capital expenditures for the quarter were $1 million. Capital expenditures are expected to ramp in the fourth quarter to between $15 million and $20 million, resulting in annual capital expenditures for 2012 of $30-$35 million.  Free cash flow4 was $17 million, down from $25 million in the second quarter due primarily to changes in working capital.

Growth Initiatives

Vonage continues to execute on its growth initiatives in international long distance, mobile and international expansion.  During the third quarter, the Company expanded its international calling plans to Mexico, the Philippines and Southeast Asia.  To gain share of light-to-medium use customers primarily reliant on mobile phones, last week, Vonage introduced the Vonage Digital Calling Card, a simple and convenient way for mobile phone users to save on international calling.  The card offers rates which are comparable to traditional calling cards and provides exceptional quality but without hidden fees or charges.

Last week, Vonage entered into an alliance with AARP as part of Vonage's initiative to expand its market presence through affinity relationships.  AARP members are individuals 50 years of age and older -- an important age group with growing international long distance calling needs.  This alliance will enable Vonage to market its calling plans directly to AARP's nearly 40 million members.  This is the first of what the Company expects will be more affinity relationships.  

Since its introduction in July of 2011, more than 620,000 customers have signed up for Vonage's patented Extensions service, which expands the benefits of the Company's core service to any other phone, including mobiles.  Customers have made more than one billion minutes of mobile Extensions calls, with Vonage customers now initiating more than 20% of their international calls over mobile devices.

Building on its mobile platform, Vonage is currently conducting a beta trial of its low-cost international roaming product, which allows customers to receive calls on their existing mobile number over Wi-Fi when traveling outside their home country, thereby avoiding high roaming charges.

The results of Vonage's unique calling plan to the Philippines since its launch in July are encouraging, and helped the Company to achieve positive net line additions in the third quarter.  This plan was the result of Vonage's first international partnership with Globe announced in May.  With more than three million Filipinos living in the U.S., the segment presents a substantial growth opportunity for Vonage and for Globe. The Company is in active discussions with several prospective partners in other international markets and expects to announce an additional alliance by the end of 2012.

2012 Outlook

Consistent with its prior guidance for 2012, the Company expects to achieve adjusted EBITDA of $30-$35 million per quarter, or $130-$135 million for the full year 2012, reflecting the ongoing investment of $5-10 million per quarter in strategic growth initiatives. 

The Company updated its expectations for 2012 capital and software expenditures to "$30-$35 million" from "less than $35 million."

Share Repurchase Program

Executing on its share repurchase program announced in August, Vonage repurchased 4 million shares of its common stock for $9 million during the quarter.  As of October 30, 2012, Vonage had repurchased a total of 6 million shares of its common stock for $14 million, leaving the Company with $36 million available under its current share repurchase authorization.

(1)

This is a non-GAAP financial measure. Refer below to Table 3 for a reconciliation to GAAP income (loss) from operations.

(2)

This is a non-GAAP financial measure. Refer below to Table 4 for a reconciliation to GAAP net income (loss).

(3)

Direct margin is defined as operating revenues less direct cost of telephony services and direct cost of goods sold as a percentage of revenues.

(4)

This is a non-GAAP financial measure. Refer below to Table 5 for a reconciliation to GAAP cash provided by operating activities.

 

 

VONAGE HOLDINGS CORP.

TABLE 1. CONSOLIDATED FINANCIAL DATA

(Dollars in thousands, except per share amounts)






Three Months Ended


Nine Months Ended


September 30,


June 30,


September 30,


September 30,


2012


2012


2011


2012


2011


(unaudited)


(unaudited)

Statement of Operations Data:










Revenues

$

207,584



$

211,916



$

216,507



$

635,403



$

654,633












Operating Expenses:










Direct cost of telephony services (excluding depreciation and 
          amortization of $3,722, $3,929, $3,864, $11,581, and $11,855, 
          respectively)

55,245



58,195



59,230



175,063



177,302


Direct cost of goods sold

10,444



9,275



10,711



29,565



31,631


Selling, general and administrative

59,676



58,396



59,451



179,907



176,175


Marketing

51,361



54,956



51,044



159,739



152,659


Depreciation and amortization

8,110



8,518



8,683



25,272



28,413


Loss from abandonment of software assets



25,262





25,262





184,836



214,602



189,119



594,808



566,180


Income (loss) from operations

22,748



(2,686)



27,388



40,595



88,453


Other income (expense):










Interest income

30



30



33



80



112


Interest expense

(1,402)



(1,566)



(2,926)



(4,719)



(15,116)


Change in fair value of stock warrant









(950)


Loss on extinguishment of notes





(7,985)





(11,806)


Other income (expense), net

28



(65)



(47)



5



(5)



(1,344)



(1,601)



(10,925)



(4,634)



(27,765)


Income (loss) before income tax (expense) benefit

21,404



(4,287)



16,463



35,961



60,688


Income tax (expense) benefit

(8,191)



947



(426)



(12,167)



(1,790)


Net income (loss)

$

13,213



$

(3,340)



$

16,037



$

23,794



$

58,898


Net income (loss) per common share:










Basic

$

0.06



$

(0.01)



$

0.07



$

0.11



$

0.26


Diluted

$

0.06



$

(0.01)



$

0.07



$

0.10



$

0.24


Weighted-average common shares outstanding:










Basic

225,555



226,429



225,281



225,904



223,903


Diluted

233,708



226,429



241,189



233,677



242,295


 

 


Three Months Ended


Nine Months Ended


September 30,


June 30,


September 30,


September 30,


2012


2012


2011


2012


2011


(unaudited)


(unaudited)

Statement of Cash Flow Data:










Net cash provided by operating activities

$

18,157



$

29,521



$

45,533



$

58,797



$

108,141


Net cash used in investing activities

(1,120)



(4,307)



(11,938)



(13,461)



(24,355)


Net cash used in financing activities

(15,513)



(7,531)



(40,708)



(30,128)



(107,616)


Capital expenditures, intangible asset purchases and development of
software assets

(1,402)



(4,306)



(11,939)



(14,741)



(25,403)


 

 

VONAGE HOLDINGS CORP.

TABLE 1. SUMMARY CONSOLIDATED FINANCIAL DATA - (Continued)

(Dollars in thousands, except per share amounts)








September 30,


December 31,



2012


2011



(unaudited)


(audited)

Balance Sheet Data (at period end):





Cash and cash equivalents


$

74,708



$

58,863


Restricted cash


5,653



6,929


Accounts receivable, net of allowance


22,367



17,862


Inventory, net of allowance


6,463



6,715


Prepaid expenses and other current assets


19,013



16,820


Deferred customer acquisition costs


5,861



5,685


Property and equipment, net


56,353



67,978


Software, net


19,163



45,661


Debt related costs, net


1,027



2,007


Intangible assets, net


7,275



9,056


Total deferred tax assets, including current portion, net


315,574



325,601


Other assets


4,029



3,038


Total assets


$

537,486



$

566,215


Accounts payable and accrued expenses


$

106,240



$

135,740


Deferred revenue


37,818



39,981


Total notes payable, including current portion


49,583



70,833


Capital lease obligations


16,125



17,665


Other liabilities


2,505



2,429


Total liabilities


$

212,271



$

266,648


Total stockholders' equity


$

325,215



$

299,567



 

 

VONAGE HOLDINGS CORP.

TABLE 2. SUMMARY CONSOLIDATED OPERATING DATA

(unaudited)






Three Months Ended


Nine Months Ended


September 30,


June 30,


September 30,


September 30,


2012


2012


2011


2012


2011

Gross subscriber line additions

171,628



163,349



170,344



500,431



503,736


Change in net subscriber lines

9,440



(64)



(8,939)



(9,363)



(16,162)


Subscriber lines (at period end)

2,365,524



2,356,084



2,388,721



2,365,524



2,388,721


Average monthly customer churn

2.5%



2.5%



2.7%



2.6%



2.6%


Average monthly operating revenue per line

$

29.31



$

29.98



$

30.16



$

29.79



$

30.35


Average monthly direct cost of telephony services per line

$

7.80



$

8.23



$

8.25



$

8.21



$

8.22


Marketing costs per gross subscriber line addition

$

299



$

336



$

300



$

319



$

303


Employees (excluding temporary help) (at period end)

971



988



1,035



971



1,035


Direct margin as a % of revenues

68.4%



68.2%



67.7%



67.8%



68.1%



 

 

VONAGE HOLDINGS CORP.

TABLE 3. RECONCILIATION OF GAAP INCOME (LOSS) FROM OPERATIONS

 TO ADJUSTED EBITDA

(Dollars in thousands)

(unaudited)






Three Months Ended


Nine Months Ended


September 30,


June 30,


September 30,


September 30,


2012


2012


2011


2012


2011

Income (loss) from operations

$

22,748



$

(2,686)



$

27,388



$

40,595



$

88,453


Depreciation and amortization

8,110



8,518



8,683



25,272



28,413


Loss from abandonment of software assets



25,262





25,262




Share-based expense

3,473



3,505



4,131



9,601



10,460


Adjusted EBITDA

34,331



34,599



40,202



100,730



127,326




 

 

VONAGE HOLDINGS CORP.

TABLE 4. RECONCILIATION OF GAAP NET INCOME (LOSS) TO

NET INCOME EXCLUDING ADJUSTMENTS

(Dollars in thousands, except per share amounts)

(unaudited)










Three Months Ended


Nine Months Ended


September 30,


June 30,


September 30,


September 30,


2012


2012


2011


2012


2011

Net income (loss)

$

13,213



$

(3,340)



$

16,037



$

23,794



$

58,898


Loss from abandonment of software assets



25,262





25,262




Change in fair value of stock warrant









950


Income tax expense (benefit)

8,191



(947)



426



12,167



1,790


Loss on extinguishment of notes





7,985





11,806


Net income excluding adjustments

$

21,404



$

20,975



$

24,448



$

61,223



$

73,444


Net income (loss) per common share:










Basic

$

0.06



$

(0.01)



$

0.07



$

0.11



$

0.26


Diluted

$

0.06



$

(0.01)



$

0.07



$

0.10



$

0.24


Weighted-average common shares outstanding:










Basic

225,555



226,429



225,281



225,904



223,903


Diluted

233,708



226,429



241,189



233,677



242,295


Net income per common share, excluding adjustments:










Basic

$

0.09



$

0.09



$

0.11



$

0.27



$

0.33


Diluted

$

0.09



$

0.09



$

0.10



$

0.26



$

0.30


Weighted-average common shares outstanding:










Basic

225,555



226,429



225,281



225,904



223,903


Diluted

233,708



232,441



241,189



233,677



242,380



 

 

VONAGE HOLDINGS CORP.

TABLE 5. FREE CASH FLOW

(Dollars in thousands)

(unaudited)






Three Months Ended


Nine Months Ended


September 30,


June 30,


September 30,


September 30,


2012


2012


2011


2012


2011

Net cash provided by operating activities

$

18,157



$

29,521



$

45,533



$

58,797



$

108,141


Less:










Capital expenditures

(865)



(1,659)



(3,686)



(4,557)



(8,853)


Acquisition and development of software assets

(537)



(2,647)



(8,253)



(10,184)



(16,550)


Free cash flow

$

16,755



$

25,215



$

33,594



$

44,056



$

82,738



 

 

VONAGE HOLDINGS CORP.

TABLE 6. RECONCILIATION OF NOTES PAYABLE AND CAPITAL LEASES TO NET (CASH) DEBT

(Dollars in thousands)








September 30,


December 31,



2012


2011



(unaudited)


(audited)

Current maturities of capital lease obligations


$

2,375



$

2,104


Current portion of notes payable


28,333



28,333


Notes payable, net of discount and current maturities


21,250



42,500


Capital lease obligations, net of current maturities


13,750



15,561


Gross debt


65,708



88,498


Less:





Unrestricted cash


74,708



58,863


Net (cash) debt


$

(9,000)



$

29,635


 


About Vonage

Vonage (NYSE: VG) is a leading provider of communications services connecting individuals through cloud-connected devices worldwide. Our technology serves approximately 2.4 million subscriber lines. We provide feature-rich, affordable communication solutions that offer flexibility, portability and ease-of-use. Our Vonage World plan offers unlimited calling to more than 60 countries with popular features like call waiting, call forwarding and visual voicemail -- for one low monthly rate. Our Vonage Mobile® app lets users make free high-definition calls and send free texts to all users of the app, worldwide. The app works over Wi-Fi, 3G and 4G wireless data networks. Vonage's service is sold on the web and through regional and national retailers including Wal-Mart, Best Buy, Kmart and Sears, and is available to customers in the U.S. (www.vonage.com), Canada (www.vonage.ca) and the United Kingdom (www.vonage.co.uk).  

Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage® is a registered trademark of Vonage Marketing LLC., owned by Vonage America Inc.

To follow Vonage on Twitter, please visit www.twitter.com/vonage. To become a fan on Facebook, go to www.facebook.com/vonage. To subscribe on YouTube, visit www.youtube.com/vonage.

Use of Non-GAAP Financial Measures

This press release includes the following measures defined as non-GAAP financial measures by the Securities and Exchange Commission: adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), net income excluding adjustments, net (cash) debt and free cash flow.

Vonage uses adjusted EBITDA as a principal indicator of the operating performance of its business.

Vonage believes that adjusted EBITDA permits a comparative assessment of its operating performance, relative to its performance based on its GAAP results, while isolating the effects of depreciation and amortization and loss from abandonment of software assets, which may vary from period to period without any correlation to underlying operating performance, and of share-based expense, which is a non-cash expense that also varies from period to period.

The Company provides information relating to its adjusted EBITDA so that investors have the same data that the Company employs in assessing its overall operations. The Company believes that trends in its adjusted EBITDA are valuable indicators of the operating performance of the Company on a consolidated basis and of its ability to produce operating cash flow to fund working capital needs, to service debt obligations, and to fund capital expenditures.

The Company has also excluded from its net income (loss) the change in fair value of stock warrant, loss on extinguishment of notes, the income tax benefit/(expense), and loss from abandonment of software assets.  The Company believes that excluding these items will assist investors in evaluating the Company's operating performance and in better understanding its results of operations when these events occurred on a comparative basis.

Vonage uses net (cash) debt as a measure of assessing leverage, as it reflects the gross debt under the Company's credit agreements and capital leases less cash available to repay such amounts. The Company believes that net (cash) debt is also a factor that third parties consider in valuing the Company.

Vonage considers free cash flow to be a liquidity measure that provides useful information to management about the amount of cash generated by the business that, after the acquisition of equipment and software, can be used by Vonage for debt service and strategic opportunities. Free cash flow is not a measure of cash available for discretionary expenditures since the Company has certain non-discretionary obligations such as debt service that are not deducted from the measure.

The non-GAAP financial measures used by Vonage may not be directly comparable to similarly titled measures reported by other companies due to differences in accounting policies and items excluded or included in the adjustments, which limits its usefulness as a comparative measure. These non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

Vonage defines adjusted EBITDA as GAAP income (loss) from operations excluding depreciation and amortization, share-based expense, and loss from abandonment of software assets.

Vonage defines net income excluding adjustments, as GAAP net income (loss) excluding the change in fair value of stock warrant, the loss on extinguishment of notes, the income tax benefit (expense), and loss from abandonment of software assets.

Vonage defines net (cash) debt as the current and long-term portion of notes payable and capital lease obligations plus unamortized discount on notes payable less unrestricted cash.

Vonage defines free cash flow as net cash provided by operating activities minus capital expenditures, and acquisition and development of software assets.

Conference Call and Webcast

Management will host a webcast discussion of the quarter's results on Wednesday, October 31, 2012 at 10:00 AM Eastern Time. To participate, please dial (877) 359-9508 approximately ten minutes prior to the call. International callers should dial (224) 357-2393. A replay will be available approximately two hours after the conclusion of the call until midnight November 6, 2012, and may be accessed by dialing (855) 859-2056. International callers should dial (404) 537-3406. The replay passcode is: 39809290.

The webcast will be broadcast live through Vonage's Investor Relations website at http://ir.vonage.com. Windows Media Player or RealPlayer is required to listen to this webcast. A replay will be available shortly after the live webcast. 

Safe Harbor Statement

This press release contains forward-looking statements regarding growth strategy, adjusted EBITDA, the Company's stock repurchase plan, and capital and software expenditures. In addition, other statements in this press release that are not historical facts or information may be forward-looking statements. The forward-looking statements in this release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve risks and uncertainties that could cause actual results and outcomes to be materially different. Important factors that could cause such differences include but are not limited to: the competition the Company faces; the Company's ability to adapt to rapid changes in the market for voice and messaging services; the Company's ability to retain customers and attract new customers; the Company's ability to establish and expand strategic alliances; the Company's dependence on third party facilities, equipment, systems and services; system disruptions or flaws in the Company's technology and systems including any disruption caused by the termination of our billing and order management project; intellectual property and other litigation that have been and may be brought against the Company; failure to protect the Company's trademarks and internally developed software; the Company's ability to obtain or maintain relevant intellectual property licenses; results of regulatory inquiries into the Company's business practices; uncertainties relating to regulation of VoIP services; increased governmental regulation, currency restrictions, and other restraints and burdensome taxes and risks incident to foreign operations; the Company's dependence upon key personnel; the Company's history of net losses and ability to achieve consistent profitability in the future; fraudulent use of the Company's name or services; the Company's ability to maintain data security; security breaches and other compromises of information security; the Company's dependence on the Company's customers' existing broadband connections; differences between the Company's service and traditional phone services, including the Company's 911 service; any reinstatement of holdbacks by the Company's vendors; the Company's ability to obtain additional financing if required; restrictions in the Company's debt agreements that may limit the Company's operating flexibility; the Company's available capital resources and other financial and operational performance which may cause the Company not to make share repurchases as currently anticipated or to commence or suspend such repurchases from time to time without prior notice; and other factors that are set forth in the "Risk Factors" section and other sections of Vonage's Annual Report on Form 10-K for the year ended December 31, 2011, as well as in the Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. While the Company may elect to update forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, and therefore, you should not rely on these forward-looking statements as representing the Company's views subsequent to today.

(vg-f)

SOURCE Vonage Holdings Corp.

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.

@ThingsExpo Stories
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.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
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...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo 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 ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.