|By Business Wire||
|July 30, 2014 04:02 PM EDT||
Enventis Corporation (NASDAQ: ENVE) today reported total revenue of $49.7 million for the second quarter ending June 30, 2014, an increase of 5 percent year over year. Revenue was driven by strong fiber and data and equipment segment results, which were up 5 percent and 15 percent respectively. EBITDA, per the company’s credit agreement, totaled $12.6 million in the second quarter, up 3 percent year over year. Net income totaled $1.9 million for the second quarter, a decrease of 18 percent year over year, and was impacted by $911,000 of pre-tax costs related to the proposed merger agreement with Consolidated Communications Holdings, Inc. Excluding these unique costs, net income would have been $542,000 higher and would have been up $132,000 or 6 percent year over year.
“We are very pleased with the strong second quarter results we produced and the positive momentum we have moving into the second half of the year,” said John Finke, president and chief executive officer at Enventis. We’re excited about the potential of our recently launched Cloud Services and the value and benefit this suite of services offer our business customers. Overall, we remain focused on our strategic initiatives and driving revenue growth and profitability across all lines of business.”
Fiber and Data Segment (before inter-segment eliminations)
- Fiber and Data revenue totaled $17.8 million, up 5 percent year over year. This growth is driven by a 6 percent boost in retail revenue and a 4 percent increase in wholesale or carrier services revenue.
- Costs and expenses for this segment totaled $15.5 million, up 5 percent from the prior year.
- Operating income totaled $2.4 million, up 6 percent year over year.
- Net income totaled $1.4 million, an increase of 6 percent year over year.
Equipment Segment (before inter-segment eliminations)
- Second quarter Equipment Segment revenue totaled $17.4 million, a 15 percent increase year over year.
- Equipment sales revenue was $14.1 million, an increase of 9 percent compared to a year ago. Equipment revenue tends to fluctuate quarter to quarter based on sales and installation schedules.
- Support Services revenue in the Equipment Segment was $3.4 million, a 52 percent increase from the second quarter 2013.
- Operating income totaled $1.7 million, an 84 percent increase year over year.
- Net income totaled $1 million, up 84 percent over the second quarter 2013.
Telecom Segment (before inter-segment eliminations)
- Second quarter Telecom Segment revenue totaled $14.4 million, down 2 percent from a year ago. Telecom results were affected by legacy service declines primarily in network access and local service revenue. Broadband service revenue grew 4 percent, offsetting part of the Telecom revenue decline. Competitive price compression is impacting the growth rates of broadband services.
- Digital TV subscribers were up 7 percent and DSL subscribers increased 3 percent and year over year.
- Costs and expenses totaled $12.5 million, down 1 percent year over year.
- Operating and Net income were both down 5 percent compared to a year ago.
Total Capex, Depreciation and Amortization
Total capital expenditures in the second quarter were $6.8 million, compared with $6.5 million in the second quarter 2013. Depreciation and amortization expense increased $258,000 or 4 percent in the second quarter. The increase is primarily attributed to increased capital expenditures associated with fiber network expansion and success-based capital expenditures supporting Fiber and Data revenue growth.
Long-term debt and current maturities, including capitalized leases, totaled $134.4 million as of June 30, 2014. The second quarter 2014 debt balance represents a decrease of $800,000 from the beginning of the year, a reduction of $1.6 million year over year, and a reduction of $7.5 million since the company’s acquisition of Fargo, No. Dakota-based, IdeaOne Telecom in March 2012. Net debt, which measures financial balance sheet strength and subtracts cash on hand from the debt balance, was $126.9 million as of June 30, 2014.
Shareholders Approved Corporate Name Change to Enventis
The company’s shareholders approved a corporate name change from HickoryTech Corporation to Enventis Corporation at the company’s annual shareholder meeting on May 6. The company’s stock is now traded as Enventis on the NASDAQ exchange under ticker symbol “ENVE.” The corporate name change was the final step in the company’s move to a unified brand following its service brand change to Enventis in October 2013.
Launch of New and Expanded Cloud Services
On June 23, 2014, Enventis announced the launch and expansion of its expanded suite of cloud-based services bringing enterprise-class, cloud capabilities and features to businesses of all sizes. Enventis’ SingleLink Unified Communications solution was enhanced to include a more powerful set of features and Cloud Compute, Data Protection and Cloud Wifi solutions were launched offering businesses reliable, yet simple to deploy cloud solutions backed by a proven partner. As a Cisco Gold Partner with a Master Cloud Builder Specialization, Enventis has the technical expertise and capability to deploy and support cloud-ready integrated infrastructure including both public and private cloud strategies.
Agreement and Plan of Merger
On June 30, 2014, Enventis announced its Board of Directors approved a definitive agreement for Enventis to merge with Consolidated Communications. This agreement is an all-stock transaction in which Consolidated Communications will acquire 100 percent of Enventis’ 13.8 million (fully diluted) shares outstanding in a transaction valued at approximately $350 million. Under the terms of the agreement, Enventis shareholders will receive a fixed exchange ratio of 0.7402 shares of CNSL common stock for each share of ENVE common stock. Completion of the merger is subject to various customary closing conditions, including, but not limited to, approval and adoption by Enventis and Consolidated shareholders and certain regulatory approvals. We incurred $911,000 of transaction fees related to entering the merger agreement during the quarter ended June 30, 2014.
Enventis, formerly HickoryTech, (NASDAQ: ENVE) is a leading provider of advanced communication solutions including data, cloud and IT services to businesses throughout the upper Midwest. The company also provides residential broadband services in select southern Minnesota and northwest Iowa communities. The Enventis fiber network spans more than 4,200 route miles across Minnesota and into Iowa, North Dakota, South Dakota and Wisconsin. The company has 520 employees with corporate headquarters located in Mankato, Minn. and a 116-year track record of stability. Learn more about Enventis at www.enventis.com.
To supplement the Company’s financial statements presented in accordance with GAAP, the Company provides certain non-GAAP financial measures of financial performance and position. The Company’s reference to these non-GAAP measures should be considered in addition to results prepared under current accounting standards, but are not a substitute for, or superior to, GAAP results. These non-GAAP measures are provided to enhance investors’ overall understanding of the Company’s current financial performance, financial position and ability to generate cash flows. In many cases non-GAAP financial measures are used by analysts and investors to evaluate the Company’s performance and financial position. Reconciliation to the nearest GAAP measure included in this press release can be found in the financial table included below.
Certain statements included in this press release that are not historical facts are "forward-looking statements." Such forward-looking statements are based on current expectations, estimates and projections about the industry in which Enventis operates and management's beliefs and assumptions. The forward-looking statements are subject to uncertainties. These statements are not guarantees of future performance and involve certain risks, uncertainties and probabilities. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Enventis undertakes no obligation to update any of its forward-looking statements, except as required by law.
Important Merger Information and Additional Information
This document does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
In connection with the proposed transaction, Enventis and Consolidated Communications will file relevant materials with the SEC. Consolidated will file a registration statement on Form S-4 with the Securities and Exchange Commission (the “SEC”). ENVENTIS SHAREHOLDERS ARE ENCOURAGED TO READ THE REGISTRATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, INCLUDING THE PROXY STATEMENT/PROSPECTUS THAT WILL BE PART OF THE REGISTRATION STATEMENT BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION. The final proxy statement/prospectus will be mailed to Enventis shareholders. The registration statement and proxy statement/prospectus and other documents filed by Enventis with the SEC are, or when filed will be, available free of charge at the SEC web site at www.sec.gov. Copies of the registration statement and proxy statement/prospectus (when available) and other filings made by Enventis with the SEC can also be obtained, free of charge, by directing a request to Enventis Corporation, 221 East Hickory Street, P.O. Box 3248, Mankato, MN, Attn: Investor Relations. The registration statement and proxy statement/prospectus (when available) and such other documents are also available for free in the investor relations portion of our web site at www.enventis.com, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC.
Participants in the Solicitation
Enventis and Consolidated Communications, and certain of their respective directors and officers and other persons may be deemed to be participants in the solicitation of proxies from its shareholders in connection with the proposed acquisition transaction. Information regarding directors and executive officers of Enventis in the solicitation is set forth in the Enventis proxy statements and Annual Reports on Form 10-K, previously filed with the SEC. Information regarding directors and executive officers of Consolidated in the solicitation is set forth in the Consolidated proxy statements and Annual Reports on Form 10-K, previously filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions.
|Consolidated Statements of Income|
Three Months Ended June 30
Six Months Ended June 30
|(Dollars in thousands, except share data)||2014||2013||Change||2014||2013||Change|
|Total operating revenue||49,723||47,141||5||%||93,963||95,910||-2||%|
|Costs and expenses:|
|Cost of sales, excluding depreciation and amortization||12,357||10,860||14||%||20,901||24,082||-13||%|
|Cost of services, excluding depreciation and amortization||17,335||16,971||2||%||33,995||33,570||1||%|
|Selling, general and administrative expenses||8,327||7,047||18||%||15,290||14,496||5||%|
|Depreciation and amortization||7,510||7,252||4||%||15,090||14,261||6||%|
|Total costs and expenses||45,529||42,135||8||%||85,276||87,047||-2||%|
|Interest and other income||8||13||-38||%||8||15||-47||%|
|Income before income taxes||3,211||3,888||-17||%||6,725||6,608||2||%|
|Income tax provision||1,300||1,567||-17||%||2,741||2,661||3||%|
|Basic earnings per share||$||0.14||$||0.17||-18||%||$||0.29||$||0.29||0||%|
|Basic weighted average common shares outstanding||13,641,564||13,531,007||13,619,055||13,543,690|
|Diluted earnings per share||$||0.14||$||0.17||-18||%||$||0.29||$||0.29||0||%|
|Diluted weighted average common and equivalent shares outstanding||13,696,119||13,576,967||13,679,378||13,584,749|
|Dividends per share||$||0.15||$||0.145||3||%||$||0.30||$||0.29||3||%|
|Consolidated Balance Sheets|
|(Dollars and Share Data in Thousands)||June 30, 2014||December 31, 2013|
|Cash and cash equivalents||$||7,478||$||7,960|
|Receivables, net of allowance for doubtful accounts of $344 and $370||31,650||26,073|
|Income taxes receivable||3,334||970|
|Deferred income taxes, net||2,377||2,660|
|Total current assets||49,669||43,262|
|Property, plant and equipment||471,823||461,712|
|Accumulated depreciation and amortization||(293,754||)||(280,386||)|
|Property, plant and equipment, net||178,069||181,326|
|Intangible assets, net||3,827||4,088|
|Deferred costs and other||6,435||5,762|
|Total other assets||39,290||38,878|
|Liabilities and Shareholders' Equity|
|Extended term payable||13,068||8,879|
|Accrued expenses and other||11,201||10,443|
|Financial derivative instruments||371||242|
|Current maturities of long-term obligations||1,504||1,586|
|Total current liabilities||34,932||30,369|
|Debt obligations, net of current maturities||132,938||133,621|
|Accrued income taxes||246||244|
|Financial derivative instruments||537||1,184|
|Accrued employee benefits and deferred compensation||12,357||12,344|
|Deferred income taxes||37,199||37,103|
|Total long-term liabilities||185,847||187,201|
|Commitments and contingencies|
|Common stock, no par value, $0.10 stated value|
|Shares authorized: 100,000|
|Shares issued and outstanding: 13,646 in 2014 and 13,569 in 2013||1,365||1,357|
|Additional paid-in capital||17,271||16,462|
|Accumulated other comprehensive income||533||709|
|Total shareholders' equity||49,844||49,310|
|Total liabilities and shareholders' equity||$||270,623||$||266,880|
|Fiber and Data Segment|
Three Months Ended June
Six Months Ended
|(Dollars in thousands)||2014||2013||% Change||2014||2013||% Change|
|Revenue before intersegment eliminations:|
|Total Fiber and Data revenue||17,843||16,992||5||%||35,542||33,676||6||%|
|Cost of services|
|(excluding depreciation and amortization)||8,865||8,583||3||%||17,071||16,840||1||%|
|Selling, general and administrative expenses||3,494||3,233||8||%||6,850||6,593||4||%|
|Depreciation and amortization||3,107||2,922||6||%||6,297||5,718||10||%|
|Total costs and expenses||15,466||14,743||5||%||30,218||29,789||1||%|
Three Months Ended June
Six Months Ended June
|(Dollars in thousands)||2014||2013||% Change||2014||2013||% Change|
|Revenue before intersegment eliminations:|
|Total operating revenue||17,407||15,116||15||%||29,655||32,353||-8||%|
|Cost of sales|
|(excluding depreciation and amortization)||12,357||10,860||14||%||20,901||24,082||-13||%|
|Cost of services|
|(excluding depreciation and amortization)||1,737||1,808||-4||%||3,514||3,503||0||%|
|Selling, general and administrative expenses||1,467||1,390||6||%||2,770||2,804||-1||%|
|Depreciation and amortization||130||124||5||%||268||209||28||%|
|Total costs and expenses||15,691||14,182||11||%||27,453||30,598||-10||%|
Three Months Ended June
|Six Months Ended|
|(Dollars in thousands)||2014||2013||Change||2014||2013||Change|
|Revenue before intersegment eliminations:|
|Total operating revenue||$||14,386||$||14,622||-2||%||$||28,754||$||29,287||-2||%|
|Total Telecom revenue before intersegment eliminations|
|Cost of services (excluding depreciation and amortization)||6,845||6,767||1||%||13,654||13,614||0||%|
|Selling, general and administrative expenses||1,981||2,146||-8||%||3,967||4,391||-10||%|
|Depreciation and amortization||3,708||3,756||-1||%||7,386||7,459||-1||%|
|Total costs and expenses||12,534||12,669||-1||%||25,007||25,464||-2||%|
|Business access lines||18,660||19,628||-5||%|
|Residential access lines||19,914||21,496||-7||%|
|Total access lines||38,574||41,124||-6||%|
|High-speed Internet ("DSL") customers||21,185||20,538||3||%|
|Digital TV customers||11,749||11,001||7||%|
|Reconciliation of Non-GAAP Measures|
|Three Months Ended||Six Months Ended|
|June 30||June 30|
|(Dollars in thousands)||2014||2013||2014||2013|
|Reconciliation of consolidated net income to EBITDA:|
|Depreciation and amortization||7,510||7,252||15,090||14,261|
|Adjustments allowed under our credit agreement:|
|Merger Costs/Asset impairment||911||5||911||638|
|EBITDA per our credit agreement||$||12,623||$||12,276||$||24,696||$||23,777|
|Three Months Ended||Six Months Ended|
|(Dollars in thousands)||June 30||June 30|
Reconciliation of net income to net income without merger costs:
|Add back: After-tax merger costs||542||-||542||-|
|Net income excluding merger costs||$||2,453||$||2,321||$||4,526||$||3,947|
|(Dollars in thousands)|
|Reconciliation of net debt:||Jun-14||Mar-14||Dec-13||Sep-13|
|Debt obligations, net of current maturities||$||132,938||$||133,289||$||133,621||$||134,018|
|Current maturities of long-term obligations||1,504||1,551||1,586||1,584|
|Cash and cash equivalents||7,478||12,243||7,960||6,516|
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion is moderated by me, Dana Gardner, Principal Analyst at Interarbor Solutions.
Nov. 25, 2015 02:30 AM EST Reads: 668
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Nov. 25, 2015 02:00 AM EST Reads: 276
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound effect on the world, and what should we expect to see over the next couple of years.
Nov. 25, 2015 12:30 AM EST Reads: 408
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now all corporate assets – people, objects, and spaces – can share information about themselves and thei...
Nov. 25, 2015 12:00 AM EST Reads: 157
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNub’s Data Stream Network.
Nov. 24, 2015 10:00 PM EST Reads: 258
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Nov. 24, 2015 08:00 PM EST Reads: 339
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user experience, both offline and online. The focus of this talk was on IBM Cloudant, Apache CouchDB, and ...
Nov. 24, 2015 07:30 PM EST Reads: 344
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem" in this scenario: microservice A (releases daily) depends on a couple of additions to backend B (re...
Nov. 24, 2015 06:00 PM EST Reads: 368
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessions, I wanted to share some of my observations on emerging trends. As cyber security serves as a fou...
Nov. 24, 2015 04:30 PM EST Reads: 286
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true change and transformation possible.
Nov. 24, 2015 03:30 PM EST Reads: 460
There are over 120 breakout sessions in all, with Keynotes, General Sessions, and Power Panels adding to three days of incredibly rich presentations and content. Join @ThingsExpo conference chair Roger Strukhoff (@IoT2040), June 7-9, 2016 in New York City, for three days of intense 'Internet of Things' discussion and focus, including Big Data's indespensable role in IoT, Smart Grids and Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) IoT's use in Vertical Markets.
Nov. 24, 2015 03:30 PM EST Reads: 507
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at Built.io, examined how Docker has evolved into a highly effective tool for application delivery by allowing increasingly popular Mobile Backend-as-a-Service (mBaaS) platforms to quickly crea...
Nov. 24, 2015 03:00 PM EST Reads: 288
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data shows "less than 10 percent of IoT developers are making enough to support a reasonably sized team....
Nov. 24, 2015 02:00 PM EST Reads: 416
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Yet a closer inspection at the data reveals less than half of these cloud projects involve production...
Nov. 24, 2015 01:45 PM EST Reads: 409
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningful and actionable insights. In his session at @ThingsExpo, Paul Turner, Chief Marketing Officer at...
Nov. 24, 2015 01:45 PM EST Reads: 338
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
Nov. 24, 2015 01:30 PM EST Reads: 488
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Nov. 24, 2015 01:30 PM EST
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound cha...
Nov. 24, 2015 01:30 PM EST Reads: 482
We are rapidly moving to a brave new world of interconnected smart homes, cars, offices and factories known as the Internet of Things (IoT). Sensors and monitoring devices will touch every part of our lives. Let's take a closer look at the Internet of Things. The Internet of Things is a worldwide network of objects and devices connected to the Internet. They are electronics, sensors, software and more. These objects connect to the Internet and can be controlled remotely via apps and programs. Because they can be accessed via the Internet, these devices create a tremendous opportunity to inte...
Nov. 24, 2015 01:15 PM EST Reads: 479
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, wil...
Nov. 24, 2015 01:00 PM EST Reads: 493