Welcome!

Microsoft Cloud Authors: Pat Romanski, Elizabeth White, Liz McMillan, Mihai Corbuleac, David Bermingham

News Feed Item

Blyth, Inc. Reports 3rd Quarter Sales Increase Of 40%

3rd Quarter Normalized Operating Profit Increased Over 300% Versus Prior Year

GREENWICH, Conn., Nov. 6, 2012 /PRNewswire-FirstCall/ -- Blyth, Inc. (NYSE: BTH), a direct to consumer company and leading designer and marketer of candles, accessories for the home, and health and wellness products, today reported earnings for the third quarter.  Net Sales for the three months ended September 30, 2012 increased 40% to $268.8 million versus $191.5 million for the comparable prior year period primarily due to the 132% year-over-year sales growth at ViSalus.  International sales for Blyth represented 25% of third quarter sales this year compared to 34% last year, driven by ViSalus' strong domestic sales growth.

Commenting on the very strong third quarter sales growth, Robert B. Goergen, Chairman & CEO noted, "We are extremely gratified that ViSalus continues to grow well beyond our initial expectations for North America and fully expect growth to continue in that region going forward.  Moreover, as ViSalus initiates its global expansion outside North America in the first half of 2013, we expect strong sales growth trends to prevail."  Reflecting on last weekend's National Success Training, ViSalus' CEO Ryan Blair said, "The record Promoter turnout in St. Louis demonstrates the continued appeal that the Body by Vi™ 90 Day Challenge holds for our Promoters and customers and underscores our confidence in the continued growth potential of the North American market."

On October 29th, after the close of the third quarter, the Company announced the sale of its Sterno subsidiary to Candle Lamp Company LLC for $23.5 million in cash, completing Blyth's strategic transformation from a multi-channel marketing company to a direct-to-consumer marketing company focused on the direct selling and direct marketing channels of distribution.  As such, Sterno's operating results have been presented as discontinued operations for all periods shown.

Operating Profit for the third quarter was $7.8 million this year versus a loss of $4.9 million last year and includes the following pre-tax items:

  • Fees of $4.7 million related to the ViSalus initial public offering, which was withdrawn on September 26th
  • A ViSalus equity incentive credit of $3.4 million this year and a charge of $7.3 million last year
  • Restructuring charges of $0.7 million for PartyLite this year, and
  • An intangible impairment charge of $0.8 million in the Catalog & Internet Segment.

Excluding the impact of these charges and credit, operating profit would have been $10.6 million this year versus $2.4 million last year.  The increase in operating profit is due to the growth of ViSalus.

Net Earnings attributable to Blyth, Inc. for the third quarter was $0.7 million compared to a net loss of $5.6 million for the prior year.  Diluted earnings per share for the third quarter were $0.04 this year compared to a loss of $0.34 last year.  This year's earnings per share includes $0.12 for IPO related fees, a $0.06 equity incentive credit versus a $0.12 charge last year, $0.03 PartyLite restructuring charges and $0.03 Catalog & Internet intangible impairment charge.  During the third quarter, the Company recorded an after-tax profit from discontinued operations for Sterno of $0.03 per share this year and an after-tax loss from discontinued operations of Sterno, Midwest-CBK and Boca Java of $0.02 per share last year.  Normalized earnings per share before the aforementioned charges, credit and discontinued operations were $0.13 this year versus a loss of $0.20 in last year's comparable quarter.

The summary reconciliation of unaudited Generally Accepted Accounting Principles (GAAP) earnings and earnings per share to Non-GAAP earnings and earnings per share presented in the attached table is included as an additional reference to assist investors in analyzing the Company's performance and should be considered in addition to, not a substitute for, measures of financial performance prepared in accordance with GAAP.  In presenting comparable results, the Company discloses non-GAAP financial measures when it believes such measures will be useful to investors in evaluating the Company's underlying business performance.  Management internally reviews the results of the Company excluding the impact of certain items as it believes that these non-GAAP financial measures are useful for evaluating the Company's core operating results and facilitating comparison across reporting periods.

Third Quarter Segment Performance

In the Direct Selling segment, third quarter net sales increased 49% to $239.4 million versus $161.2 million for the same period last year due to significant sales growth at ViSalus. 

Sales at ViSalus were $169.9 million in this year's third quarter versus $73.2 million for the same period last year, an increase of 132%.  ViSalus had over 110,000 independent Promoters at the end of the third quarter, more than double the 52,000 promoters on board at the end of the prior year's third quarter.

Total PartyLite third quarter sales of $69.5 million, versus $88.0 million last year, declined 21%, reflecting the lack of consumer resiliency in the face of economic uncertainty, exacerbated by unfavorable currency movement.  PartyLite's European sales during the quarter declined 13% in local currency, or 23% in U.S. dollars, as consultants continued to have difficulty booking shows and reduced their efforts to sponsor new consultants, most notably in our largest markets in Europe, as evidenced by the results in our French and German markets which were the largest contributors to the year-over-year revenue decline.  That said, we are encouraged by the growth in both sales and recruiting in the majority of PartyLite's Nordic markets, and heartened by our initial results in Italy, as well as continued growth in the more established Australian market.  PartyLite's European active independent sales consultants total over 24,000 this year versus approximately 27,000 last year.  PartyLite's U.S. sales declined 16% versus the prior year period largely due to the ongoing consumer malaise in North America. Active U.S. independent sales consultants total over 13,000 in the U.S. this year versus over 16,000 last year.  At PartyLite Canada, sales declined 25% in both local currency and in U.S. dollars during the quarter, with active independent sales consultants totaling over 3,000 this year versus approximately 4,000 last year.

Commenting on the third quarter performance, Robert B. Goergen, Jr., President, PartyLite Worldwide said, "The economic and geo-political uncertainty in Europe, which has cast a negative shadow of sentiment throughout 2012, contributed to our consultants' adopting a short-term focus.  As they pursued individual sales results, it was at the expense of investing in their future success by not effectively leveraging their efforts to build their teams.  And, while this approach has resulted in higher individual productivity, as measured by average order size, it has temporarily sacrificed the longer-term benefits of building a healthy and substantive downline organization.  As such, we have redirected much of our sales commissioning, promotional messaging and leadership training to assist those consultants that are newer to the business so that they can focus on the lasting results of successful recruiting and team building, and to remain engaged in this difficult economic environment."

Turning to the U.S. market, Mr. Goergen continued, "We continue to have a very strong product offering which contains new fragrances and forms including, most notably, our extended line of translucent GloLite by PartyLite® candles, and have implemented a number of initiatives to stabilize and revitalize the PartyLite business in the U.S.  While still early in the process, these efforts are contributing to a moderation in the recent sales decline, but are incomplete in stabilizing and returning the North American business to growth.  As such, we are not only moving forward with exciting new product launches in Q4 and the first half of 2013, but also continuing to invest in compelling tools for our consultants to leverage their efforts in both sponsoring and personal sales.  Further, we are aggressively moving forward with similar and robust initiatives in Europe, including the implementation of online ordering, which today comprises 25% of U.S. sales, and the establishment of consultant websites to facilitate complementary sales.  While the party plan format remains essential to the PartyLite business, successful direct sellers today are reaching their customers in a variety of ways and PartyLite is ensuring its consultants have the tools and online applications necessary to accomplish this."

In the Direct Selling segment, third quarter operating profit was $9.6 million versus a loss of $4.0 million in the same period last year.  Excluding the related aforementioned charges and credit, operating profit for the segment would have been $11.5 million in this year's third quarter versus $3.3 million last year.  Strong sales and profit growth at ViSalus more than offset lower sales and profits at PartyLite.  

Third quarter operating profit for ViSalus was $26.1 million this year versus $4.3 million last year.  Excluding the equity incentive charges and credit and IPO fees this year, third quarter operating profit for ViSalus would have been $27.4 million this year versus $11.6 million last year.  Third quarter operating loss for PartyLite was $11.4 million versus a loss of $4.4 million in last year's third quarter.  Excluding restructuring charges, PartyLite's operating loss would have been $10.7 million this year versus a loss of $4.4 million last year.  The decrease was driven by the decline in worldwide sales.  Corporate expenses and other allocated to the Direct Selling segment were $5.2 million this year and $3.9 million last year.

In the Catalog & Internet segment, third quarter net sales were $29.4 million versus $30.4 million last year, due to the continued trend of soft sales of general merchandise.  This was partially offset by the strong sales of health and wellness products which continue to achieve double digit growth through the health and wellness catalogs, Easy Comforts® and As We Change®, as well as through the general merchandise catalogs.  Third quarter operating loss in this segment was $1.8 million this year versus a loss of $0.9 million last year.  Excluding the intangible impairment charge this year, the segment's operating loss would have been $0.9 million for both this year and last year.

First Nine Months Fiscal Performance

Net Sales for the nine months ended September 30, 2012 increased 59% to $848.5 million versus $533.5 million for the comparable prior year period.  Operating Profit for the first nine months was $44.8 million this year versus a loss of $2.3 million last year and includes the following pre-tax items:

  • Fees of $4.7 million related to the ViSalus initial public offering, which was withdrawn on September 26th
  • A ViSalus equity incentive charge of $9.1 million this year and $15.5 million last year
  • Restructuring charges of $2.1 million for PartyLite this year, and
  • Catalog & Internet segment charge for an intangible impairment of $0.8 million.

Excluding the impact of these charges, operating profit would have been $61.5 million this year versus $13.2 million last year.

Net Earnings attributable to Blyth, Inc. for the nine months were $16.3 million compared to a loss of $11.9 million for the prior year.  Diluted earnings per share were $0.94 this year compared to a loss of $0.72 last year.  Year-to-date earnings per share includes $0.12 for IPO related fees, a $0.26 equity incentive charge versus a $0.23 charge last year, $0.08 PartyLite restructuring charges and $0.03 Catalog & Internet intangible impairment charge.  The Company recorded income of $0.09 per share, during the first nine months this year from discontinued operations and a loss of $0.45 per share, during the first nine months last year.  Normalized earnings per share before the aforementioned charges and discontinued operations were $1.34 this year versus a loss of $0.04 in last year's comparable period. 

The sum of the individual and segment amounts may not equal the reported totals for the quarter for Blyth overall due to rounding.

Blyth, Inc., headquartered in Greenwich, CT, USA, is a direct to consumer business focused on direct selling and direct marketing channels.  We design and market home fragrance products and decorative accessories, as well as weight management products, nutritional supplements and energy drink mixes.  These products are sold through Direct Selling utilizing both home party plan and network marketing. The Company also designs and markets household convenience items and personalized gifts through the catalog/Internet channel.  The Company manufactures most of its candles and sources nearly all of its other products.  Its products are sold direct to the consumer under the PartyLite®, Two Sisters Gourmet by PartyLite® and ViSalus Sciences® brands and to consumers in the catalog/Internet channel under the As We Change®, Miles Kimball®, Exposures®, Walter Drake® and Easy Comforts® brands.  In Europe, Blyth's products are also sold under the PartyLite brand. 

Blyth, Inc. may be found on the Internet at www.blyth.com.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical facts.  Actual results could differ materially due to various factors, including the slowing of the United States or European economies or retail environments, the risk that we will be unable to maintain our historic growth rate, our ability to respond appropriately to changes in product demand, the risk that we will be unable to integrate the businesses that we acquire into our existing operations, the risks (including foreign currency fluctuations, economic and political instability, transportation delays, difficulty in maintaining quality control, trade and foreign tax laws and others) associated with international sales and foreign sourced products, risks associated with our ability to recruit new independent sales consultants, our dependence on key corporate management personnel, risks associated with the sourcing of raw materials for our products, competition in terms of price and new product introductions, risks associated with our information technology systems (including, susceptibility to outages due to fire, floods, power loss, telecommunications failures, computer viruses, break-ins and similar events) and other factors described in this press release and in the Company's most recently filed Annual Report on Form 10-K.

BLYTH, INC. AND SUBSIDIARIES



CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS



(In thousands except per share data)



(Unaudited)






















Three Months


Three Months


Nine Months


Nine Months








Ended September 30,


Ended September 30,


Ended September 30,


Ended September 30,








2012


2011


2012


2011

















Net sales





$                   268,811


$                    191,547


$                 848,493


$                   533,545



Cost of goods sold




92,086


66,100


283,250


194,131



    Gross profit




176,725


125,447


565,243


339,414



Selling





122,837


90,730


380,301


240,276



Administrative and other




49,537


32,260


131,029


85,895



ViSalus equity incentive plan




(3,443)


7,328


9,118


15,543



    Total operating expense




168,931


130,318


520,448


341,714



    Operating profit (loss)




7,794


(4,871)


44,795


(2,300)

















Other expense (income):













     Interest expense




1,567


1,583


4,472


4,988



     Interest income




(278)


(356)


(1,155)


(900)



     Foreign exchange and other, net



(750)


952


(2,146)


1,749



     Total other expense




539


2,179


1,171


5,837



    Earnings (loss) from continuing operations before income taxes
and noncontrolling interest


7,255


(7,050)


43,624


(8,137)



Income tax expense (benefit)




3,050


(2,005)


17,724


(3,992)



     Earnings (loss) from continuing operations



4,205


(5,045)


25,900


(4,145)



Earnings (loss) from discontinued operations, net of income tax


571


10


1,622


(4,423)



Loss on sale of discontinued operations, net of income tax


-


(315)


-


(2,960)



    Net earnings (loss)




4,776


(5,350)


27,522


(11,528)



Less: Net earnings attributable to the noncontrolling interests


4,031


270


11,271


358



    Net earnings (loss) attributable to Blyth, Inc.



$                          745


$                      (5,620)


$                     16,251


$                    (11,886)

















Basic:














Net earnings (loss) from continuing operations



$                         0.01


$                        (0.32)


$                         0.85


$                        (0.27)



Net earnings (loss) from discontinued operations



0.03


(0.02)


0.09


(0.45)



    Net earnings (loss) attributable to Blyth, Inc.



$                         0.04


$                        (0.34)


$                         0.94


$                        (0.72)



Weighted average number of shares outstanding



17,302


16,558


17,241


16,556

















Diluted:














Net earnings (loss) from continuing operations



$                         0.01


$                        (0.32)


$                         0.85


$                        (0.27)



Net earnings (loss) from discontinued operations



0.03


(0.02)


0.09


(0.45)



    Net earnings (loss) attributable to Blyth, Inc.



$                         0.04


$                        (0.34)


$                         0.94


$                        (0.72)



Weighted average number of shares outstanding



17,358


16,670


17,317


16,661













































Condensed Consolidated Balance Sheets



(In thousands)



(Unaudited)


























September 30, 2012


September 30, 2011



Assets














  Cash and Cash Equivalents








$                   138,824


$                   175,709



  Short Term Investments








43,382


15,363



  Accounts Receivable, Net








8,337


7,690



  Inventories








121,951


105,775



  Property, Plant & Equipment, Net








90,868


83,319



  Other Assets








101,734


82,138



  Discontinued operations








17,733


20,392












$                   522,829


$                   490,386

















Liabilities and Stockholders' Equity













  Bank and Other Debt








$                       6,612


$                       7,037



  Bond Debt








85,405


94,957



  Other Liabilities








315,743


194,222



  Discontinued operations








7,001


6,265



Equity









108,068


187,905












$                   522,829


$                   490,386



Blyth, Inc.





Supplemental Non-GAAP Earnings (Loss)Per Share Measures





(In thousands, except per share data)





(Unaudited)




































Three Months Ended


Three Months Ended









September 30, 2012


September 30, 2011









Dollars


Diluted EPS


Dollars


Diluted EPS



















































Non-GAAP normalized earnings (loss)


$        2,237


$          0.13


$       (3,346)


$         (0.20)





















Non-GAAP Adjustments:





























ViSalus Equity Incentive Plan


1,006


0.06


(1,969)


(0.12)





















ViSalus IPO related costs incurred


(2,108)


(0.12)

























Impairment of intangible assets (1)


(518)


(0.03)


-


-





















Restructuring charges (2)


(443)


(0.03)


-


-





















Income (loss) from discontinued operations, net of income taxes


571


0.03


(305)


(0.02)





















GAAP Net earnings (loss) attributable to Blyth, Inc.


$           745


$          0.04


$       (5,620)


$         (0.34)




































This table is included as an additional reference to assist investors in analyzing the Company's performance and should be considered in addition to,






 not a substitute for, measures of financial performance prepared in accordance with GAAP.



























(1) Impairment of intangible was due to lower forecasted sales in the Exposures brand within the Catalog & Internet segment.





















(2) Restructuring charges represent costs associated with the realignment of the North American distribution center.





















The sum of the individual amounts may not necessarily equal to the totals due to rounding.



























 

Blyth, Inc.





Supplemental Non-GAAP Earnings (Loss)Per Share Measures





(In thousands, except per share data)





(Unaudited)




































Nine Months Ended


Nine Months Ended









September 30, 2012


September 30, 2011









Dollars


Diluted EPS


Dollars


Diluted EPS



















































Non-GAAP normalized earnings (loss)


$      23,150


$          1.34


$          (626)


$         (0.04)





















Non-GAAP Adjustments:





























ViSalus Equity Incentive Plan


(4,528)


(0.26)


(3,857)


(0.23)





















ViSalus IPO related costs incurred


(2,108)


(0.12)


-


-





















Impairment of intangible assets (1)


(518)


(0.03)


-


-





















Restructuring charges (2)


(1,367)


(0.08)


-


-





















Income (loss) from discontinued operations, net of income taxes


1,622


0.09


(7,383)


(0.45)





















GAAP Net earnings (loss) attributable to Blyth, Inc.


$      16,251


$          0.94


$     (11,866)


$         (0.72)




































This table is included as an additional reference to assist investors in analyzing the Company's performance and should be considered in addition to,






 not a substitute for, measures of financial performance prepared in accordance with GAAP.



























(1) Impairment of intangible was due to lower forecasted sales in the Exposures brand within the Catalog & Internet segment.





















(2) Restructuring charges represent costs associated with the realignment of the North American distribution center.





















The sum of the individual amounts may not necessarily equal to the totals due to rounding.



























SOURCE Blyth, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th 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 change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change t...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
industrial company for a multi-year contract initially valued at over $4.0 million. In addition to DataV software, Bsquare will also provide comprehensive systems integration, support and maintenance services. DataV leverages advanced data analytics, predictive reasoning, data-driven diagnostics, and automated orchestration of remediation actions in order to improve asset uptime while reducing service and warranty costs.
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...