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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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SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve a...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
Connected devices are changing the way we go about our everyday life, from wearables to driverless cars, to smart grids and entire industries revolutionizing business opportunities through smart objects, capable of two-way communication. But what happens when objects are given an IP-address, and we rely on that connection, sometimes with our lives? How do we secure those vast data infrastructures and safe-keep the privacy of sensitive information? This session will outline how each and every connected device can uphold a core root of trust via a unique cryptographic signature – a “bir...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at Internet of @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, will discuss how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.

SUNNYVALE, Calif., Oct. 20, 2014 /PRNewswire/ -- Spansion Inc. (NYSE: CODE), a global leader in embedded systems, today added 96 new products to the Spansion® FM4 Family of flexible microcontrollers (MCUs). Based on the ARM® Cortex®-M4F core, the new MCUs boast a 200 MHz operating frequency and support a diverse set of on-chip peripherals for enhanced human machine interfaces (HMIs) and machine-to-machine (M2M) communications. The rich set of periphera...

SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.