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iPass Reports Third Quarter 2012 Financial Results

REDWOOD SHORES, CA -- (Marketwire) -- 11/07/12 -- iPass Inc. (NASDAQ: IPAS), the global Wi-Fi roaming leader for enterprises and telecom service providers, today announced financial results for the third quarter ended September 30, 2012.

"We're pleased to see things moving in the right direction across a number of fronts with our core Open Mobile platform and global Wi-Fi businesses as we delivered another quarter of strong user growth and customer wins. We've reached an important milestone where more than 60% of the iPass platform revenue and more than one-third of our Wi-Fi network revenue are now driven by Open Mobile with visibility for Wi-Fi revenue to grow again in total," said Evan Kaplan, president and CEO of iPass. "The global demand for Wi-Fi roaming continues to gain momentum and importance with carriers and subscribers worldwide and we're seeing solid adoption of our unique OMX Wi-Fi roaming platform."

"We delivered a solid quarter of positive adjusted EBITDA and positive free cash flow as the economic flywheel of Open Mobile begins to take hold," said Steven Gatoff, senior vice president and CFO of iPass. "As we head into the fourth quarter, we continue to focus on driving value for our stockholders and are on track to deliver on our commitment of positive adjusted EBITDA and free cash flow generation for the full-year 2012."

iPass reported revenues of $30.8 million for Q3 2012 compared to $32.2 million for Q2 2012.

iPass reported a GAAP net loss of $0.8 million for Q3 2012 compared to a GAAP net loss of $0.9 million for Q2 2012. Adjusted EBITDA was $0.7 million for Q3 2012 compared to $0.4 million for Q2 2012.

Operating Highlights
Mobility Services:
Strong Continued User Growth in Open Mobile Enterprise Business (iPass OME):

  • Grew Open Mobile Wi-Fi Network users by approximately 21% sequentially despite the seasonally lower summer quarter, to end Q3 with 32,000 Open Mobile Wi-Fi network users which comprised approximately 36% of total Wi-Fi Network users.
  • Grew Active monetized users on the Open Mobile platform to 293,000 at September 30, 2012, a growth of more than 38% sequentially from June 30, 2012. This represents approximately 50% of the total number of Active monetized platform users at September 30, 2012, compared to 5% in the prior year.
  • Grew Gross Open Mobile Enterprise monetized platform users to approximately 758,000 at September 30, 2012, an increase of 54% or 267,000 users from June 2012.
  • Delivered sixth sequential quarter of growth in Open Mobile-driven Wi-Fi Network revenue and achieved greater visibility to near-term growth in total company Wi-Fi Network revenue. Open Mobile-driven Wi-Fi Network revenue represented approximately 34% of total Wi-Fi Network revenue in Q3 2012.
  • Signed more than 80 enterprise customers onto Open Mobile during the quarter, including Fujitsu, Nestle, Abeam Consulting, Laureate Education, Sumitomo Electric, Forrester, BMC, Sabic, Xilinx, Verimetrix, Thermo Fisher, Cisco, Kraft Foods, Affymetrix, Harmonic, Australia Post, Enel, John Holland, Mellanox, and BoConcept.
  • Recently partnered with Singapore Telecommunications Limited (SingTel), a leading Asia-Pac communications provider, to offer Wi-Fi roaming services to enterprises in Singapore and across Asia using iPass Open Mobile.
  • Expanded our Open Mobile enterprise offerings by launching end-user billing and payment capabilities which enables enterprise customers to offer a compelling IT-sponsored global Wi-Fi service to their mobile workforce. This new service offering pioneers a simple way for enterprise IT departments with Bring Your Own Device (BYOD) programs to offer employees a direct credit card billing option for seamless global Wi-Fi access on smartphones and tablets.
  • Continued to deliver version upgrades to our Open Mobile client, with features including International Inflight Support on select transcontinental flights and Connection Quality Advisor and Speed Test allowing users visibility to the quality and capability of their Internet connection. Recent client version launches also include support for devices running Windows 8 or Windows RT, further expanding our coverage of the BYOD market under our connectivity management portfolio.

Continued Momentum in iPass Open Mobile Exchange (iPass OMX):

  • Continued to build-out the iPass OMX Wi-Fi ecosystem by signing new platform relationships with large global carrier and network partners including mobile operators and telecommunication service providers; iPass continues to play a central role in defining the role of global Wi-Fi and the business model with leading industry players, further positioning the company to capitalize on the highly attractive and fast-growing global Wi-Fi mobility market opportunities.
  • Added 4 large new carriers to iPass OMX during the quarter, including providers in the Middle East, China and Greater Asia, as well as AlwaysOn, South Africa's largest Wi-Fi provider, to provide their subscribers with global Wi-Fi data roaming and zero click access to the world's largest commercial Wi-Fi network.
  • Recently announced that Etisalat, the Middle East's largest telecom operator with over 167 million subscribers in its markets, joined iPass OMX to offer their consumer customers global Wi-Fi data roaming services.
  • OMX partners Zain Kuwait and China Telecom launched their first global Wi-Fi data roaming solutions based on iPass OMX, to their subscriber base.

Expansion of Market-Leading iPass Global Wi-Fi Network:

  • Nearly doubled the iPass global Wi-Fi network footprint since the beginning of 2012. iPass has the largest global commercial Wi-Fi hotspot network with more than 1.1 million hotspots in over 110 countries globally; this unique asset includes leading strategic Wi-Fi venues covering over 90% of world's top 100 airports, convention centers, commercial airlines, hotels, restaurants, retail and small business locations with infrastructure that is integrated with more than 140 leading global Wi-Fi operators.
  • Focused key resources on driving end-user Wi-Fi experience through new footprint monitoring and hotspot quality control where guiding user experience to reliable, fast, and secure networks improves the iPass value proposition, especially around intelligent connectivity.

Managed Network Services:
Consistent Revenue Growth at iPass Managed Network Services (iPass MNS):

  • Grew revenue by approximately 13% year-over-year through continued customer growth with iPass' high bandwidth, highly available WAN Connect VPN, managed Broadband and managed Wi-Fi solutions in the financial, insurance, retail and healthcare markets.
  • Continued traction with MNS' managed Wi-Fi service offering including support for an in-store Wi-Fi network for a large nationwide clothier with over 700 locations.
  • Recently signed a long-term renewal with Sterling Jewelers for value-add MNS services across their 1,300 nation-wide retail footprint.
  • Ended Q3 2012 with more than 23,600 endpoints at Branch/Retail customers in North America, an increase of 6% since the end of Q3 2011.


Financial Highlights

(unaudited; in millions)                                 Q3'12      Q2'12
                                                       ---------  ---------
Revenue:
  Mobility Services(1)                                 $    22.4  $    23.9
    Network Revenue                                         16.0       18.0
    Platform Revenue                                         5.3        5.4
    Other Fees                                               1.1        0.5
  Managed Network Services                                   8.4        8.3
                                                       ---------  ---------
Total Revenue                                          $    30.8  $    32.2
GAAP Net Loss                                          $    (0.8) $    (0.9)
Adjusted EBITDA (2)                                    $     0.7  $     0.4
Cash and Cash Equivalents (Period End)                 $    26.5  $    25.3

Shares of Common Stock Outstanding (Period End)             61.3       61.0

(1) iPass Mobility Services includes (i) the company's Enterprise Mobility
    Services business (which consists of its iPass Open Mobile Enterprise
    offering and the legacy Mobile Office offering), and (ii) the iPass Open
    Mobile Exchange offerings ("iPass OMX"). iPass OMX revenue of
    approximately $0.2 million for both Q3 2012 and Q2 2012 are included in
    Mobility Services revenue.
(2) The definition of Adjusted EBITDA and the reconciliation of Non-GAAP to
    GAAP financial measures are discussed below.



Selected Operating Metrics

AVERAGE MONTHLY MONETIZED USERS:
                                                         Q3'12      Q2'12
                                                       ---------  ---------
Total Users(1)                                           629,000    584,000
    Total Network Users                                  112,000    131,000
    Total Platform Users                                 590,000    545,000

Open Mobile Users:(1)
    Wi-Fi Network Users                                   27,000     22,000
    Platform Users:
        Active (2)                                       270,000    176,000
        Gross (3)                                        689,000    437,000

Legacy Users:(1)
    Wi-Fi Network Users                                   54,000     76,000
    Other Network Users (4)                               31,000     33,000
    Platform Users                                       320,000    369,000


NETWORK GROSS MARGIN:(5)                                    48.6%      47.5%

(1) Average Monthly Monetized Users (AMMU) metric is based on the number of
    active users of iPass' network and/or platform services across both its
    legacy Mobile Office offering and new Open Mobile Enterprise offerings.
    The AMMU number represents the average number of users per month, during
    the quarter, for which a fee was billed by iPass to a customer for such
    users. Note that there is some overlap for total users that may be
    active users of both Network and Platform services in a given month.
(2) Represents the average number of Open Mobile Enterprise ("OME") users in
    the periods presented who were billed platform fees and who have used or
    deployed Open Mobile.
(3) Represents the average number of Open Mobile Enterprise users in the
    periods presented for which Open Mobile platform fees were billed for
    the period. The difference between Gross and Active Open Mobile platform
    users is represented by Paying, Undeployed users for which Open Mobile
    platform fees were billed for the period but that have not yet used Open
    Mobile or deployed.
(4) Represents users of dial-up and 3G networks.
(5) Network Gross Margin is defined as (Mobility Network Revenue plus MNS
    Revenue less Network Access Costs) divided by (Mobility Network Revenue
    plus MNS Revenue).

Q4 2012 Guidance
For the fourth quarter of 2012 ending December 31, 2012, iPass anticipates total revenue and adjusted EBITDA income (loss) to be in the following ranges:


Total Revenue                             $28 - 32 million
Adjusted EBITDA Income / (Loss) (1)       $(1.25) - 0.25 million

(1) A reconciliation of Adjusted EBITDA income (loss) to GAAP net loss is
    provided in the attached schedules. The guidance for Adjusted EBITDA
    income (loss) for the fourth quarter of 2012 does not include the impact
    of any foreign exchange gains or losses.

Today's Conference Call and Webcast Information
iPass will host a live conference call today at 2:00 PM Pacific Time (5:00 PM Eastern Time).
The conference call will be accessible by telephone, toll-free at 888-417-8533 or direct dial at 719-325-2329 with a participant confirmation code of 5453220. The conference call will also be available live via webcast on the Company's web site at http://investor.ipass.com. The webcast will be available for replay until iPass reports its fourth quarter 2012 results.

The dial-in number for a telephone replay of the conference call is 888-203-1112 and 719-457-0820 and will be available until December 31, 2012. The confirmation code for the replay is 5453220.

Upcoming Investor Conferences
iPass management will be presenting at the IDEAS Investor Conference on November 14, 2012 in Dallas, at the LD Micro Conference on December 5, 2012 in Los Angeles, and at the Needham Growth Conference in January 2013 in New York. Evan Kaplan, president and CEO and Steven Gatoff, senior vice president and CFO of iPass, will provide an overview of the company's business, growth strategy and financial fundamentals.

Upcoming Industry Wi-Fi Conferences
iPass management will also be presenting at the Wireless Broadband Alliance Wi-Fi Global Conference, the world's largest carrier grade Wi-Fi event that brings together over 300 industry leaders, on November 7 and 8, 2012 in San Francisco. Evan Kaplan, president and CEO, Steve Livingston, Senior Vice President of Carrier Development and Marcio Avillez, Vice President of Network Services, will be providing insights on the growing role of Wi-Fi and participating in defining operator strategies.

iPass management will also be present at the Mobile Roaming World Summit November 13-14, 2012 in London along with leading service provider operators providing insights and contributing to the emerging Wi-Fi roaming business models through the strong and continued growth in mobile data usage, Wi-Fi roaming, LTE, roaming in M2M, and multi-IMSI solutions bundling.

Cautionary Information About Forward-Looking Statements
The statements in this press release regarding iPass' expectations and belief that it has achieved greater visibility to near-term growth in total company Wi-Fi network revenue, that global demand for Wi-Fi continues to gain momentum and importance with carriers and subscribers, that it is on track to deliver on its commitments for positive Adjusted EBITDA and positive free cash flow, that it is further positioned to capitalize on the highly attractive and fast-growing global Wi-Fi mobility market opportunities and iPass' projections of its fourth quarter 2012 financial results under the caption "Q4 2012 Guidance" are forward-looking statements. Actual results may differ materially from the expectations contained in these statements due to a number of risks and uncertainties, including the following: the risk that the "End of Life" of the legacy Mobile Office product may negatively impact customer retention and mobility revenues; the risk that the Open Mobile platform and Open Mobile Exchange will not achieve the market acceptance iPass expects; the risk that iPass customers and partners may not be willing to agree to minimum purchase and resale commitments at the rate iPass expects; the risk of material reductions in iPass customers' existing minimum commitments more than iPass currently expects; the risk that iPass carrier and channel partners do not successfully market iPass services to their customers; the risk that iPass does not accurately predict usage for its Enterprise Flat Rate price plan which could result in iPass expenses exceeding revenues for these plans; the risk that iPass customers do not widely deploy iPass Open Mobile on smartphones, tablets and other mobile handheld devices; the risk that demand for mobility services does not grow as iPass expects; the risk of facing strong competition in the market for mobility services and managed network services; the risk that iPass fails to address market requirements, evolving standards and technological changes in the mobility services industry; and the risk that a meaningful portion of iPass business is international, which subjects iPass business to additional risks. Detailed information about these and other risk factors that could potentially affect iPass' business, financial condition and results of operations are included in iPass' Annual Report on Form 10-K filed with the SEC on March 7, 2012, and available at the SEC's Web site at www.sec.gov and the company's website at http://investor.ipass.com. iPass undertakes no responsibility to update the information in this press release if any forward-looking statement later turns out to be an inaccurate prediction of the actual results.

Information Regarding Non-GAAP Financial Measures
This press release also contains financial measures that are not calculated in accordance with U.S. generally accepted accounting principles (GAAP). The company considers Adjusted EBITDA as a supplemental measure of the company's performance that is not required by, nor presented in accordance with GAAP.

The company defines Adjusted EBITDA as net income (loss) before interest, income taxes, depreciation and amortization, stock-based compensation expense, restructuring charges, and certain state sales and federal tax charges. The company believes Adjusted EBITDA provides a meaningful comparison between its core operating results, on a consistent basis, over different periods of time. Accordingly, management uses this financial measure for evaluating and making operating decisions and for purposes of comparison with its strategic plan, operating budgets and allocation of resources.

Furthermore, the company believes the use of Adjusted EBITDA is useful to investors:

1) To provide an additional analytical tool for understanding the company's financial performance by excluding the impact of items which may obscure trends in the core operating performance of the business;

2) To provide consistency and enhance investors' ability to compare the company's performance across financial reporting periods; and

3) To facilitate comparisons to the operating results of other companies in the company's industry, which use similar financial measures to supplement their GAAP results.

Adjusted EBITDA should not be considered in isolation, or construed as an alternative to net income, or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities or as a measure of the company's liquidity.

About iPass Inc.
iPass helps enterprises and telecom service providers ensure their employees and subscribers stay well connected. Founded in 1996, iPass delivers the world's largest commercial-grade Wi-Fi network and trusted connectivity platform. With more than 1.1 million Wi-Fi hotspots across 113 countries and territories, iPass gives its customers always-on, frictionless connectivity anywhere in the world -- simply, securely and cost effectively. Additional information is available at www.ipass.com or on Smarter Connections, the iPass blog.

NOTE: iPass® is a registered trademark of iPass Inc. Open Mobile, OME, Open Mobile Express, Open Mobile Exchange and OMX are trademarks of iPass Inc. Wi-Fi® is a registered trademark of the Wi-Fi Alliance. Other company names, logos and product or service names mentioned herein are the trademarks owned by their respective owners.

                                 iPASS INC.
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                         (Unaudited, in thousands)

                                               September 30,   December 31,
                                                    2012           2011
                                               -------------  -------------

Assets

Current assets:
  Cash and cash equivalents                    $      26,500  $      25,439
  Accounts receivable, net of allowance for
   doubtful accounts of $1,071 and $1,605,
   respectively                                       19,395         21,307
  Prepaid expenses and other current assets            5,651          5,938
                                               -------------  -------------
Total current assets                                  51,546         52,684

  Property and equipment, net                          6,516          4,013
  Intangible assets, net                                   -            169
  Other assets                                         4,699          6,239
                                               -------------  -------------
Total assets                                   $      62,761  $      63,105
                                               =============  =============


Liabilities and Stockholders' Equity

Current liabilities:
  Accounts payable                             $       8,090  $       8,701
  Accrued liabilities                                  9,856          9,502
  Deferred revenue, short-term                         3,871          3,852
                                               -------------  -------------
Total current liabilities                             21,817         22,055

  Deferred revenue, long-term                          2,987          3,134
  Other long-term liabilities                            531            469
                                               -------------  -------------
Total liabilities                              $      25,335  $      25,658
                                               -------------  -------------


Stockholders' equity:
  Common stock                                            61             59
  Additional paid-in capital                         212,527        209,624
  Accumulated deficit                               (175,162)      (172,236)
                                               -------------  -------------
Total stockholders' equity                            37,426         37,447
                                               -------------  -------------
Total liabilities and stockholders' equity     $      62,761  $      63,105
                                               =============  =============



                                 iPASS INC.
                    CONDENSED CONSOLIDATED STATEMENTS OF
                     OPERATIONS AND COMPREHENSIVE LOSS
         (Unaudited, in thousands, except share and per share data)

                            Three Months Ended         Nine Months Ended
                               September 30,             September 30,
                         ------------------------  ------------------------
                             2012         2011         2012         2011
                         -----------  -----------  -----------  -----------

Revenues                 $    30,818  $    34,411  $    96,356  $   106,326

Cost of revenues and
 operating expenses:
  Network access costs        12,574       15,647       41,049       50,249
  Network operations           5,126        5,427       15,932       16,845
  Research and
   development                 3,300        3,715       10,447       10,843
  Sales and marketing          4,547        5,350       14,981       16,053
  General and
   administrative              5,645        5,092       16,147       15,120
  Restructuring charges
   (benefits) and
   related adjustments            10           (7)          16         (162)
  Amortization of
   intangible assets              50           60          169          179
                         -----------  -----------  -----------  -----------
    Total cost of
     revenues and
     operating expenses       31,252       35,284       98,741      109,127
                         -----------  -----------  -----------  -----------
Operating loss                  (434)        (873)      (2,385)      (2,801)

  Interest income                  4            5           10          104
  Foreign exchange gains
   (losses), net                 (66)          66         (129)        (395)
                         -----------  -----------  -----------  -----------

Loss before income taxes        (496)        (802)      (2,504)      (3,092)
  Provision for income
   taxes                         275            1          422          246
                         -----------  -----------  -----------  -----------

Net loss                 $      (771) $      (803) $    (2,926) $    (3,338)
                         ===========  ===========  ===========  ===========
Comprehensive Loss       $      (771) $      (803) $    (2,926) $    (3,338)
                         ===========  ===========  ===========  ===========

Basic and diluted net
 loss per share          $     (0.01) $     (0.01) $     (0.05) $     (0.06)

Weighted average number
 of common shares
 outstanding
- Basic and Diluted (1)   61,094,346   58,776,585   60,450,920   58,346,859

(1) Given the net loss for the period, none of the potentially dilutive
 securities were included in the calculation of diluted earnings per share
 since the effect would have been anti-dilutive.



                                 iPASS INC.
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                         (Unaudited, in thousands)

                                                     Nine Months Ended
                                                       September 30,
                                               ----------------------------
                                                    2012           2011
                                               -------------  -------------

Cash flows from operating activities:
Net loss                                       $      (2,926) $      (3,338)
Adjustments to reconcile net loss to net cash
 provided by/(used in) operating activities:
  Stock-based compensation                             1,781          1,348
  Amortization of intangible assets                      169            179
  Depreciation and amortization                        1,660          1,731
  Loss on disposal of property and equipment               3             87
  Provision for (recovery of) doubtful
   accounts                                             (203)           369
  Change in sales tax liability estimation                 -           (395)
Changes in operating assets and liabilities:
  Accounts receivable                                  2,115          1,469
  Prepaid expenses and other current assets              787            439
  Other assets                                           569            481
  Accounts payable                                      (681)        (3,027)
  Accrued liabilities                                    354         (3,915)
  Deferred revenues                                     (128)           589
  Other liabilities                                       62           (207)
                                               -------------  -------------
Net cash provided by/(used in) operating
 activities                                            3,562         (4,190)
                                               -------------  -------------
Cash flows from investing activities:
  Purchases of property and equipment                 (4,096)        (1,253)
  Change in restricted cash pledged for letter
   of credit                                             471            286
                                               -------------  -------------
Net cash used in investing activities                 (3,625)          (967)
                                               -------------  -------------
Cash flows from financing activities:
  Proceeds from issuance of common stock               1,194            708
  Stock repurchase                                       (70)             -
                                               -------------  -------------
Net cash provided by financing activities              1,124            708
                                               -------------  -------------
Net increase/(decrease) in cash and cash
 equivalents                                           1,061         (4,449)
Cash and cash equivalents at beginning of
 period                                               25,439         30,746
                                               -------------  -------------
Cash and cash equivalents at end of period     $      26,500  $      26,297
                                               =============  =============
Supplemental disclosures of cash flow
 information:
Net cash paid for taxes                        $         310  $         490
Accrued amounts for acquisition of property
 and equipment                                 $         458  $         206



                                 iPASS INC.
                 RECONCILIATION OF NON-GAAP TO GAAP METRICS
                         (Unaudited, in thousands)

                             Three Months Ended          Nine Months Ended
                       ------------------------------  --------------------
                       September    June    September  September  September
                        30, 2012  30, 2012   30, 2011   30, 2012   30, 2011
                       ---------  --------  ---------  ---------  ---------
I  Reconciliation of
    Adjusted EBITDA
    Income (Loss) to
    GAAP Net Loss:
   Adjusted EBITDA
    Income (Loss)      $     693  $    377  $    (272) $   1,104  $  (1,348)
     (a) Interest
      income                   4         3          5         10        104
     (b) Income tax
      expense               (275)      (10)        (1)      (422)      (246)
     (c) Depreciation
      of property and
      equipment             (505)     (532)      (531)    (1,660)    (1,731)
     (d) Amortization
      of intangible
      assets                 (50)      (60)       (60)      (169)      (179)
     (e) Stock-based
      compensation          (637)     (615)      (392)    (1,781)    (1,348)
     (f) Restructuring
      (charges)
      benefits and
      related
      adjustments            (10)       (9)         7        (16)       162
     (g) Certain state
      sales and federal
      tax items and
      other discrete
      items                    9       (35)       441          8      1,248
                       ---------  --------  ---------  ---------  ---------
   GAAP Net Loss       $    (771) $   (881) $    (803) $  (2,926) $  (3,338)
                       ---------  --------  ---------  ---------  ---------


   Q4 2012 Guidance
II Reconciliation of Q4
    2012 Adjusted
    EBITDA Income
    (Loss) to GAAP Net
    Loss:                 (Unaudited, in millions)
   Adjusted EBITDA
    Income (Loss) (1)  $    (1.3)           $     0.3
     (a) Income tax
      expense                         (0.2)
     (b) Depreciation
      of property and
      equipment                       (0.5)
     (c) Stock-based
      compensation                    (0.6)
                       ---------  --------  ---------
   GAAP Net Loss       $    (2.6)           $    (1.0)
                       ---------            ---------

   (1) The Q4 2012 Guidance for Adjusted EBITDA income (loss) does not
   include the impact of any foreign exchange gains or losses.

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Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. 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 devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.