|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|
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
Nov. 26, 2014 07:00 PM EST Reads: 800
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
Nov. 26, 2014 07:00 PM EST Reads: 633
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
Nov. 26, 2014 07:00 PM EST Reads: 897
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
Nov. 26, 2014 06:45 PM EST Reads: 766
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
Nov. 26, 2014 06:00 PM EST Reads: 890
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 26, 2014 05:45 PM EST Reads: 846
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Nov. 26, 2014 04:00 PM EST Reads: 948
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
Nov. 26, 2014 03:45 PM EST Reads: 918
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
Nov. 26, 2014 02:00 PM EST Reads: 1,447
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Nov. 25, 2014 09:30 PM EST Reads: 1,196
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
Nov. 25, 2014 09:30 PM EST Reads: 1,243
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Nov. 25, 2014 07:00 PM EST Reads: 1,290
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
Nov. 25, 2014 04:30 PM EST Reads: 1,299
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Nov. 24, 2014 07:00 PM EST Reads: 1,611
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
Nov. 24, 2014 12:00 PM EST Reads: 1,501
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Nov. 24, 2014 11:00 AM EST Reads: 1,636
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
Nov. 24, 2014 09:00 AM EST Reads: 1,654
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver 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, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Nov. 23, 2014 07:30 PM EST Reads: 1,828
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 23, 2014 12:00 PM EST Reads: 1,773
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
Nov. 23, 2014 07:45 AM EST Reads: 1,800