|By Business Wire||
|February 6, 2013 04:31 PM EST||
Sierra Wireless, Inc.:
Fourth Quarter 2012
- Total revenue, including revenue from AirCard® related discontinued operations, of $163.8 million and non-GAAP net earnings of $10.3 million, or $0.33 per diluted share
- Revenue from continuing operations of $109.4 million, 32.8 percent year-over-year growth, and non-GAAP operating earnings from continuing operations of $3.7 million
Full Year 2012
- Total revenue, including revenue from AirCard related discontinued operations, of $644.2 million and non-GAAP net earnings of $33.4 million, or $1.08 per diluted share
- Revenue from continuing operations of $397.3 million, 19.3 percent year-over-year growth, and non-GAAP operating earnings from continuing operations of $0.9 million
Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported fourth quarter and full year 2012 results. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.
On January 28, 2013, the company announced a definitive agreement for the sale of substantially all of the assets and operations related to its AirCard business to Netgear, Inc. In accordance with GAAP, assets and liabilities associated with the sale have been recorded as “held for sale” and the results of operations of the AirCard business as discontinued operations. The consolidated statements of operations and related selected financial information have been retrospectively modified to distinguish between continuing operations and discontinued operations.
“Our fourth quarter results highlight our continued solid revenue growth and improving earnings,” said Jason Cohenour, President and Chief Executive Officer. “As the global leader in M2M and connected device solutions, we believe that we are exceptionally well positioned to drive profitable growth both organically and through strategic acquisitions.”
Fourth Quarter 2012
Revenue from continuing operations in the fourth quarter of 2012 was $109.4 million, compared to $82.4 million in the fourth quarter of 2011, and $100.2 million in the third quarter of 2012. The 32.8 percent year-over-year revenue increase was driven by better than expected growth in Machine-to-Machine (“M2M”) sales, including a $15.5 million contribution from the recently acquired M2M business of Sagemcom, along with solid growth in sales to PC OEMs.
On a GAAP basis, gross margin from continuing operations was $36.2 million, or 33.1 percent of revenue, in the fourth quarter of 2012, compared to $25.2 million, or 30.6 percent of revenue, in the fourth quarter of 2011. Operating expenses from continuing operations were $37.7 million and loss from continuing operations was $1.5 million in the fourth quarter of 2012, compared to operating expenses of $45.2 million and a loss from operations of $20.0 million in the fourth quarter of 2011. Fourth quarter of 2011 operating expenses included an intangible asset impairment charge of $11.2 million, primarily related to a software development program that was acquired through the purchase of Wavecom, S.A. in 2009 and which we abandoned during the fourth quarter of 2011. Net earnings from continuing operations were $15.5 million, or $0.50 per diluted share, in the fourth quarter of 2012, compared to net loss of $20.4 million, or $0.65 per diluted share, in the fourth quarter of 2011. Net earnings from continuing operations in 2012 included an income tax recovery that was the result of the recognition of certain tax assets that will be realizable as a result of the sale of the AirCard business. Net earnings, including discontinued operations, were $19.6 million, or $0.64 per diluted share, in the fourth quarter of 2012, compared to net loss, including discontinued operations, of $13.8 million, or $0.44 per diluted share, in the fourth quarter of 2011.
On a non-GAAP basis, gross margin from continuing operations was 33.2 percent of revenue in the fourth quarter of 2012, compared to 30.7 percent of revenue in the fourth quarter of 2011. Operating expenses from continuing operations were $32.6 million and operating earnings from continuing operations were $3.7 million in the fourth quarter of 2012, compared to operating expenses of $29.7 million and an operating loss of $4.4 million in the fourth quarter of 2011. Net earnings from continuing operations were $4.5 million, or $0.15 per diluted share, in the fourth quarter of 2012 compared to net loss of $4.4 million, or $0.14 per diluted share, in the fourth quarter of 2011.
The cash, cash equivalents, and short-term investments balance at the end of the fourth quarter of 2012 was $63.6 million, up from $59.5 million at the end of the third quarter of 2012.
Full Year 2012
Revenue from continuing operations for the year ended December 31, 2012 was $397.3 million, compared to $333.2 million for the year ended December 31, 2011. The 19.3 percent year-over-year revenue increase was driven by significant growth in M2M sales, including a $20.1 million contribution from the recently acquired M2M business of Sagemcom, along with strong growth in sales to PC OEMs.
On a GAAP basis, gross margin from continuing operations was $125.3 million, or 31.5 percent of revenue, in 2012, compared to $101.7 million, or 30.5 percent of revenue, in 2011. Operating expenses from continuing operations were $147.5 million and loss from operations was $22.2 million in 2012, compared to operating expenses of $156.0 million and a loss from operations of $54.2 million in 2011. The operating loss in 2011 included an intangible asset impairment charge of $11.2 million, primarily related to a software development program that was acquired through the purchase of Wavecom, S.A. in 2009 and which we abandoned during the fourth quarter of 2011. Net loss from continuing operations was $4.2 million, or $0.14 per diluted share, in 2012, compared to $50.7 million, or $1.62 per diluted share, in 2011. Net earnings, including discontinued operations, were $27.2 million, or $0.88 per diluted share, in 2012, compared to net loss, including discontinued operations, of $29.3 million, or $0.94 per diluted share, in 2011.
On a non-GAAP basis, gross margin from continuing operations was 31.6 percent of revenue in 2012, compared to 30.7 percent of revenue in 2011. Operating expenses from continuing operations were $124.7 million and operating earnings from continuing operations were $0.9 million in 2012, compared to operating expenses of $124.5 million and an operating loss of $22.4 million in 2011. Net loss from continuing operations was $0.4 million, or $0.01 per diluted share, in 2012, compared to net loss of $18.7 million, or $0.60 per diluted share, in 2011.
Non-GAAP results exclude the impact of stock-based compensation expense, acquisition costs, restructuring costs, integration costs, disposition costs, acquisition amortization, foreign exchange gains or losses on foreign currency contracts and translation of balance sheet accounts, and certain tax adjustments. We disclose non-GAAP amounts as we believe that these measures provide our shareholders with useful information about operating results and assist in comparisons from one period to another. The reconciliation between our GAAP and non-GAAP results is provided in the accompanying schedules.
The Company provides the following guidance for the first quarter of 2013 for its continuing operations.
In the first quarter of 2013, we expect revenue from our continuing operations to be down sequentially following the exceptionally strong fourth quarter of 2012. We expect gross margin to be similar or slightly lower than fourth quarter 2012 levels, and operating expenses to increase as a result of higher new product certification costs combined with the negative impact of a strengthening euro.
Looking forward to the second quarter of 2013, we expect a return to solid sequential and year-over-year revenue growth and modest profitability.
Q1 2013 Guidance
|Non-GAAP - Continuing Operations|
|Revenue||$98.0 to $102.0 million|
|Earnings (loss) from operations||($2.5) to ($1.5) million|
Net earnings (loss) from continuing operations
|($2.5) to ($1.5) million|
Earnings (loss) per share from continuing operations
|($0.08) to ($0.05) per share|
This Non-GAAP guidance for the first quarter of 2013 reflects current business indicators and expectations. Inherent in this guidance are risk factors that are described in greater detail in our regulatory filings. Our actual results could differ materially from those presented above. All figures are approximations based on management’s current beliefs and assumptions.
Conference call, webcast and instant replay details
Sierra Wireless President and CEO, Jason Cohenour, and CFO, David McLennan, will host a conference call and webcast with analysts and investors to review the results on Wednesday, February 6, 2013, at 5:30 PM Eastern Time (2:30 PM PT). A live slide presentation will be available for viewing during the call from the link provided below.
To participate in this conference call, please dial the following number approximately ten minutes prior to the commencement of the call:
- Toll-free (Canada and US): 1-877-201-0168
- Alternate number: 1-647-788-4901
- Conference ID: 87240990
For those unable to participate in the live call, a replay will be available until February 27, 2013. Dial 1-855-859-2056 or 1-800-585-8367 and enter the Conference ID number above to access the replay.
To access the webcast, please follow the link below:
Sierra Wireless Q4 and FY2012 Financial Results Webcast
If the above link does not work, please copy and paste the following URL
into your browser:
The webcast will remain available at the above link for one year following the call.
We look forward to having you participate in our call.
Cautionary Note Regarding Forward-Looking Statements
Certain statements and information in this press release are not based on historical facts and constitute forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws (“forward-looking statements”) including statements and information relating to our financial guidance for the first quarter of 2013 and our fiscal year 2013, our business outlook for the short and longer term and our strategy, plans and future operating performance. Forward-looking statements are provided to help you understand our views of our short and longer term prospects. We caution you that forward-looking statements may not be appropriate for other purposes. We will not update or revise our forward-looking statements unless we are required to do so by securities laws.
- Typically include words and phrases about the future such as “outlook”, “may”, “estimates”, “intends”, “believes”, “plans”, “anticipates” and “expects”.
- Are not promises or guarantees of future performance. They represent our current views and may change significantly.
- Are based on a number of material assumptions, including those listed below, which could prove to be significantly incorrect:
- Our ability to develop, manufacture and sell new products and services that meet the needs of our customers and gain commercial acceptance;
- Our ability to continue to sell our products and services in the expected quantities at the expected prices and expected times;
- Expected cost of goods sold;
- Expected component supply situation;
- Our ability to “win” new business;
- Expected deployment of next generation networks by wireless network operators;
- Our operations are not adversely disrupted by component shortages or other development, operating or regulatory risks; and
- Expected tax rates relative mix of earnings amongst the tax jurisdictions in which we operate, along with foreign exchange rates.
- Are subject to substantial known and unknown material risks and uncertainties. Many factors could cause our actual results, achievements and developments in our business to differ significantly from those expressed or implied by our forward-looking statements, including without limitation, the following factors. These risk factors and others are discussed in our Annual Information Form and Management’s Discussion and Analysis of Financial Condition and Results of Operations, which may be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov and in our other regulatory filings with the Securities and Exchange Commission in the United States and the Provincial Securities Commissions in Canada.
- We may experience higher than anticipated costs; disruption of, and demands on, our ongoing business; diversion of management’s time and attention; adverse effects on existing business relationships with suppliers and customers and employee issues in connection with the divestiture of the AirCard assets and operations;
- Actual sales volumes or prices for our products and services may be lower than we expect for any reason including, without limitation, the continuing uncertain economic conditions, competition, different product mix, the loss of any of our significant customers;
- The cost of products sold may be higher than planned or necessary component supplies may not be available, are delayed or are not available on commercially reasonable terms;
- We may be unable to enforce our intellectual property rights or may be subject to claims and litigation that have an adverse outcome;
- The development and timing of the introduction of our new products may be later than we expect or may be indefinitely delayed;
- Transition periods associated with the migration to new technologies may be longer than we expect.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) offers industry-leading mobile computing and machine-to-machine (M2M) communications products and solutions that connect people, devices, and applications over cellular networks. Wireless service providers, equipment manufacturers, enterprises and government organizations around the world depend on us for reliable wireless technology. We offer 2G, 3G and 4G wireless modems, routers and gateways as well as a comprehensive suite of software, tools, and services that ensure our customers can successfully bring wireless applications to market. For more information about Sierra Wireless, visit www.sierrawireless.com.
“AirCard” and “AirLink” are registered trademarks of Sierra Wireless. “AirPrime” and “AirVantage” are also trademarks of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.
SIERRA WIRELESS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands of U.S. dollars, except where otherwise stated)
Three months ended
|Cost of goods sold||73,172||57,206||272,047||231,435|
|Sales and marketing||10,176||8,886||37,067||37,188|
|Research and development||16,294||14,801||61,785||60,903|
|Impairment of intangible asset||–||11,214||–||11,214|
|Loss from operations||(1,516)||(20,011)||(22,206)||(54,253)|
|Foreign exchange gain (loss)||1,608||(507)||3,326||(460)|
|Other income (expense)||35||20||(196)||35|
|Earnings (loss) before income taxes||127||(20,498)||(19,076)||(54,678)|
|Income tax recovery||(15,396)||(68)||(14,874)||(3,968)|
|Net earnings (loss) from continuing operations||15,523||(20,430)||(4,202)||(50,710)|
|Net earnings from discontinued operations||4,083||6,668||31,401||21,338|
|Net earnings (loss)||19,606||(13,762)||27,199||(29,372)|
|Net loss attributable to non-controlling interest||–||–||–||(57)|
|Net earnings (loss) attributable to the Company||$||19,606||$||(13,762)||$||27,199||$||(29,315)|
Basic and diluted net earnings (loss) per share attributable to the Company’s common shareholders (in dollars)
Weighted average number of shares outstanding
SIERRA WIRELESS, INC.
SELECTED FINANCIAL INFORMATION FOR THREE MONTHS AND YEAR ENDED DECEMBER 31, 2012
(in thousands of U.S. dollars, except where otherwise stated)
|Three months ended December 31||Year ended December 31|
|Discontinued Operations||Continuing Operations||Total||Discontinued Operations||
|Revenue - GAAP and Non-GAAP||$||54,416||$||109,405||$||163,821||$||246,845||$||397,321||$||644,166|
|Gross margin - GAAP||$||14,781||$||36,233||$||51,014||$||69,698||$||125,274||$||194,972|
|Gross margin - Non-GAAP||$||14,781||$||36,294||$||51,075||$||69,698||$||125,578||$||195,276|
|Gross margin % - GAAP||27.2%||33.1%||31.1%||28.2%||31.5%||30.3%|
|Gross margin % - Non-GAAP||27.2%||33.2%||31.2%||28.2%||31.6%||30.3%|
|Earnings (loss) from operations - GAAP||$||4,741||$||(1,516)||$||3,225||$||33,045||$||(22,206)||$||10,839|
|Acquisition related amortization||-||3,338||3,338||-||11,890||11,890|
|Earnings from operations - Non-GAAP||$||6,437||$||3,721||$||10,158||$||35,440||$||898||$||36,338|
|Net earnings (loss) - GAAP||$||4,083||$||15,523||$||19,606||$||31,401||$||(4,202)||$||27,199|
|Stock-based compensation, acquisition, disposition, restructuring, integration, and acquisition related amortization, net of tax||1,696||5,162||6,858||2,395||22,241||24,636|
|Unrealized foreign exchange loss (gain)||-||(1,655)||(1,655)||-||(3,139)||(3,139)|
|Income tax adjustments||-||(14,540)||(14,540)||-||(15,344)||(15,344)|
|Net earnings (loss) - Non-GAAP||$||5,779||$||4,490||$||10,269||$||33,796||$||(444)||$||33,352|
|Diluted earnings (loss) per share (in dollars) - GAAP||$||0.14||$||0.50||$||0.64||$||1.02||$||(0.14)||$||0.88|
|Diluted earnings (loss) per share (in dollars) - Non-GAAP||$||0.18||$||0.15||$||0.33||$||1.09||$||(0.01)||$||1.08|
SIERRA WIRELESS, INC.
SELECTED FINANCIAL INFORMATION FOR THREE MONTHS AND YEAR ENDED DECEMBER 31, 2011
(in thousands of U.S. dollars, except where otherwise stated)
Three months ended December 31
|Year ended December 31|
|Discontinued Operations||Continuing Operations||Total||Discontinued Operations||Continuing Operations||Total|
|Revenue - GAAP and Non-GAAP||$||64,804||$||82,391||$||
|Gross margin - GAAP||$||16,367||$||25,185||$||41,552||$||61,710||$||101,740||$||163,450|
|Gross margin - Non-GAAP||$||16,367||$||25,271||$||41,638||$||61,710||$||102,125||$||163,835|
|Gross margin % - GAAP||25.3%||30.6%||28.2%||25.2%||30.5%||28.3%|
|Gross margin % - Non-GAAP||25.3%||30.7%||28.3%||25.2%||30.7%||28.3%|
|Earnings (loss) from operations - GAAP||$||7,546||$||(20,011)||$||(12,465)||$||24,341||$||(54,253)||$||(29,912)|
|Impairment of intangible assets||-||11,214||11,214||-||11,214||11,214|
|Acquisition related amortization||-||3,090||3,090||-||12,888||12,888|
|Earnings from operations - Non-GAAP||$||7,771||$||(4,418)||$||3,353||$||25,292||$||(22,390)||$||2,902|
|Net earnings (loss) - GAAP||$||6,668||$||(20,430)||$||(13,762)||$||21,338||$||(50,653)||$||(29,315)|
|Stock-based compensation, acquisition, disposition, restructuring, integration, and acquisition related amortization, net of tax||225||15,690||15,915||951||31,762||32,713|
|Unrealized foreign exchange loss (gain)||-||330||330||-||267||267|
|Net earnings (loss) - Non-GAAP||$||6,893||$||(4,410)||$||2,483||$||22,289||$||(18,656)||$||3,633|
|Diluted earnings (loss) per share (in dollars) - GAAP||$||0.21||$||(0.65)||$||(0.44)||$||0.68||$||(1.62)||$||(0.94)|
|Diluted earnings (loss) per share (in dollars) - Non-GAAP||$||0.22||$||(0.14)||$||0.08||$||0.71||$||(0.59)||$||0.12|
SIERRA WIRELESS, INC.
PRODUCT LINE REVENUE
(in thousands of U.S. dollars)
|AirPrime Embedded Wireless Modules|
|AirLink Intelligent Gateways and Routers||10,622||11,407||11,262||13,408||46,699||10,096||8,886||9,928||10,103||39,013|
|AirVantage M2M Cloud Platform and Other||3,496||2,395||1,654||2,620||10,165||3,020||2,361||2,029||4,539||11,949|
|AirCard Mobile Broadband Devices||
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 open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Mar. 27, 2015 02:00 PM EDT Reads: 2,868
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and sim...
Mar. 27, 2015 02:00 PM EDT Reads: 1,437
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...
Mar. 27, 2015 02:00 PM EDT Reads: 1,486
The list of ‘new paradigm’ technologies that now surrounds us appears to be at an all time high. From cloud computing and Big Data analytics to Bring Your Own Device (BYOD) and the Internet of Things (IoT), today we have to deal with what the industry likes to call ‘paradigm shifts’ at every level of IT. This is disruption; of course, we understand that – change is almost always disruptive.
Mar. 27, 2015 01:00 PM EDT Reads: 907
SYS-CON Media announced today that 9 out of 10 " most read" DevOps articles are published by @DevOpsSummit Blog. Launched in October 2014, @DevOpsSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce softw...
Mar. 27, 2015 01:00 PM EDT Reads: 2,350
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
Mar. 27, 2015 12:45 PM EDT Reads: 1,058
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
Mar. 27, 2015 12:00 PM EDT Reads: 1,267
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carriers, thus providing a global perspective of the end-user experience. Site24x7 supports monitoring H...
Mar. 27, 2015 11:45 AM EDT Reads: 1,584
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment.
Mar. 27, 2015 11:21 AM EDT Reads: 328
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
Mar. 27, 2015 11:00 AM EDT Reads: 1,293
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
Mar. 27, 2015 11:00 AM EDT Reads: 1,292
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the M2M space. This really allows some room for influential individuals to create more high value inter...
Mar. 27, 2015 09:45 AM EDT Reads: 4,551
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
Mar. 27, 2015 09:45 AM EDT Reads: 1,925
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
Mar. 27, 2015 09:15 AM EDT Reads: 2,087
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microservices, and more.
Mar. 27, 2015 08:30 AM EDT Reads: 1,945
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
Mar. 27, 2015 01:00 AM EDT Reads: 1,345
The Open Compute Project is a collective effort by Facebook and a number of players in the datacenter industry to bring lessons learned from the social media giant's giant IT deployment to the rest of the world. Datacenters account for 3% of global electricity consumption – about the same as all of Switzerland or the Czech Republic -- according to people I met at the recent Open Compute Summit in San Jose. With increasing mobility at the edge of the cloud and vast new dataflows being predicted with the growth of the Internet of Things (and The Coming Age of Many Zettabytes) in the near...
Mar. 27, 2015 01:00 AM EDT Reads: 1,730
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
Mar. 26, 2015 07:00 PM EDT Reads: 5,042
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionality and provide short-term introductory projects that developers can complete between sessions.
Mar. 26, 2015 06:30 PM EDT Reads: 4,614
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
Mar. 26, 2015 06:00 PM EDT Reads: 1,665