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blinkx plc Announces Results for the Six Months Ended 30 September 2012

LONDON, and SAN FRANCISCO, California, November 14, 2012 /PRNewswire/ --

Reports record results for first half, revenues up 84% to $82.0m, with adjusted* profits before taxation of $8.4m

blinkx's interim period conference call will be webcast live at http://www.blinkx.com on

14 November, 2012, at 9:30 a.m. GMT/4:30 a.m. EST/1:30 a.m. PST

blinkx PLC (BLNX.L), the world's largest video search engine, today reported financial results for the six months ended 30 September 2012.

Financial Highlights

                                         Six months to  Six months to
                                          30 September   30 September
                                                  2012           2011
                                           (unaudited)    (unaudited)
                                                  $000           $000
 
    Revenues                                    81,971         44,569
    Profit from operations - adjusted*           7,855          4,892
    Profit from operations                       1,966          1,421
    Profit before taxation - adjusted*           8,370          4,953
    Profit before taxation                       2,481          1,482
 
    Earnings per share                           Cents          Cents
    Basic - adjusted*                             2.38           1.64
    Basic                                         0.75           0.63
    Diluted - adjusted*                           2.34           1.60
    Diluted                                       0.74           0.62


*Adjusted for acquisition costs of $1.4m (2011:$1.9m), exceptional charges of $1.8m and amortization of purchased intangibles of $2.6m (2011: $1.6m)

Business Highlights

  • Revenues increased by 84% to $82.0m, from $44.6m in H1 2012
  • Adjusted* profit from operations increased by 61% to $7.9m compared with $4.9m for H1 2012
  • Adjusted* profit before tax of $8.4m, compared with $5.0m for H1 2012
  • Cash balance was $41.6m up from $38.4m on 31 March 2012
  • Sales and product integrations of Burst and PVMG acquisitions are ahead of schedule
  • Introduced next generation blinkx.com, designed to enhance video discovery and viewing, optimized for mobile use, with powerful personalization capabilities and social graph integration
  • Established new distribution agreements with Sony and Popbox in the Connected TV space
  • Secured content partnerships including Kiplinger, Hulu, and Fox Sports
  • Added new brand advertising clients including Google, Asda and Gillette

Commenting on the period, S. Brian Mukherjee, CEO of blinkx, said today: "This has been an exceptional first half for blinkx.  The business demonstrated strong underlying growth, which was accelerated by the ahead-of-schedule integration of Burst and PVMG.  The progress of this integration enabled us to serve a greater number of high value ads to a wider audience at robust monetization rates.

During the period, we also benefitted from increased advertising spend allocated to specific events - the summer Olympics and the US presidential elections.  These one-time events provided us with a better-than-expected boost to revenues during the traditionally slower summer months.

We have continued to build on our leadership position in the online video ecosystem over the past six months, increasing our audience reach through distribution deals with Sony and Popbox, while adding premium content partners including Kiplinger, Hulu and Fox Sports.  This compelling combination of top tier professional content and broad distribution with our patented video advertising platform attracted new and repeat marquee brand advertisers, such as Microsoft, Volkswagen and Colgate.

This half, we were also proud to unveil the next generation of our flagship video search and discovery site, blinkx.com.  With an eye to the flourishing mobile market, the new site was built from the ground up for use on connected devices, with a simple, elegant user interface that is optimized for video discovery and viewing, and offers easy integration with social networks across desktop, tablet and mobile devices."

Outlook

Commenting on current trading, Mr Mukherjee added: "There are powerful secular trends driving the growth of video advertising: the proliferation of broadband and connected devices, and the accelerating migration and consumption of video online.  This market momentum underscores the vitality of the sector and our business model.  Overall trading remains in line with the comments made in our trading update of 29 October 2012 and based on our performance this period and the fundamentals of the sector, we remain confident in our outlook for the rest of the year."

Customer and Business Development

In the first half of our financial year, blinkx's patented video advertising platform continued to attract global brand advertisers.  With the Internet claiming an increasingly significant  share of ad budgets, leaders from across a breadth of industries, such as Gillette, Microsoft and Toyota capitalized on blinkx's unique offering, booking campaigns through top global agencies, including Carat, Starcom and Neo Ogilvy.

blinkx also progressed its cross-platform distribution strategy during the period, striking new deals in the Connected TV space with Sony and Popbox, and introducing the new blinkx.com, built using responsive design and optimized for use on mobile devices.

On the content front, blinkx expanded its roster of premium media partners, signing content agreements with a diverse array of industry leaders including Hulu, Kiplinger and Fox Sports, among others.

Management Changes

On 19 July 2012, blinkx announced that Suranga Chandratillake, the Founder and Chief Executive Officer of the Company, was assuming the role of President and Chief Strategy Officer and would continue to serve as an Executive Member on its Board. Subhransu ("Brian") Mukherjee, who was the Chief Operating Officer of blinkx, was appointed CEO of blinkx and an Executive Member of its Board of Directors effective as of that date.

blinkx also announces that Jonathan Spira has announced his intention to step down as Chief Financial Officer of the Company with effect from 30 November 2012.   Mr. Spira has served as the head of blinkx's global finance team since 2008, and has been instrumental in building the company into a dynamic and profitable, $150+m revenue enterprise.  The Board extends its gratitude to Mr. Spira for his contribution to growth of the Group and wishes him the best.

Edward Reginelli, aged 41, currently Senior Vice President and Group Controller at blinkx, will step up to succeed Mr. Spira as Chief Financial Officer and they have been working together to ensure a smooth transition.

Mr. Reginelli joined blinkx in April 2012. He has over 15 years of experience, managing all aspects of financial accounting, controls, analysis, operations and reporting in complex corporate environments. Before joining blinkx, he was Vice President of Finance and Corporate Controller at Purple Communications, Inc., a company that specialized in technology enabled interpreting and telecommunication services.  Prior to this he served as Chief Financial Officer and a Director of Burke Industries, Inc. and held other senior financial positions at Compass Aerospace, PPG Industries and Nestle USA.

Mr. Reginelli holds a B.S in Business Administration and Accounting from John Carroll University, Ohio and is a registered Certified Public Accountant.

The Company confirms there is no other information required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.

Products

In September, blinkx unveiled an open beta of the next generation of its flagship product, blinkx.com. The new site is designed to enhance the video discovery and viewing experience for audiences, with powerful personalization and recommendation capabilities, and easy integration across users' social graph. It was built from the ground up for use on mobile devices, with a simple, elegant user interface that is touch-optimized for easy navigation.  New features of the next-generation blinkx.com include customized channels, Facebook and Twitter integration and a unique "Pause and Pick Up" capability, which allows users to start watching video on one device, hit pause and pick it up again at the same point on a different device.  

During the period, blinkx made significant progress on the integration of advertising technology and processes from Burst Media and Prime Visibility Media Group (PVMG).  This integration allows the group to function as a single entity, giving it access to a broader and more substantial set of products and solutions for its advertisers, publishers and content partners.  This enables the company to apply its patented Concept Recognition Engine (CoRE) to both video and non-video assets across all sources, thereby serving the most relevant ad, at the optimum time, with the highest monetization rate, to a wider audience.

Financial Highlights

For the six months ended 30 September 2012 (H1 2013), revenues totaled $82.0 million, an increase of 84% over the $44.6 million in revenues reported for the 6 months ended 30 September 2011 (H1 2012). Adjusted net profit before acquisition, exceptional and integration costs and amortisation of purchased intangibles for H1 2013 was $8.6 million (H1 2012: $5.7 million). Net profit for H1 2013 was $2.7 million (H1 2012: $2.2 million). Earnings per share for H1 2013 was 2.38 cents adjusted basic (H1 2012: 1.64 cents), 0.75 cents basic (H1 2012: 0.63 cents), 2.34 adjusted fully diluted (H1 2012: 1.60 cents) and 0.74 cents fully diluted (H1 2012: 0.62 cents). blinkx's cash balance at 30 September 2012 was $41.6 million (30 September 2011: $52.9 million).

About blinkx PLC

blinkx (London AIM: BLNX) is the world's most comprehensive video search engine. Today, blinkx has indexed more than 35 million hours of audio, video, viral and TV content, and made it fully searchable and available on demand. blinkx's founders set out to solve a significant challenge - as TV and user-generated content on the Web explode, keyword-based search technologies only scratch the surface. blinkx's patented search technologies listen to - and even see - the Web, helping users enjoy a breadth and accuracy of search results not available elsewhere. In addition, blinkx powers the video search for many of the world's most frequented sites. blinkx is based in San Francisco and London. More information is available at http://www.blinkx.com

BLINKX PLC

CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)

Results for the six months to 30 September 2012

(in thousands, except per share amounts)

                                                        Six months to  Six months to
                                                         30 September   30 September
                                                                 2012           2011
                                                          (unaudited)    (unaudited)
                                                  Note           $000           $000
 
    Revenue: continuing operations                             81,971         44,569
    Cost of revenue                                9         (39,903)       (18,139)
    Gross profit                                               42,068         26,430
 
    Operating expenses
                        Research and development              (6,726)        (4,033)
                        Sales and marketing        9         (22,814)       (15,506)
                        Administrative expenses               (4,673)        (1,999)
    Profit from operations before acquisition
    and exceptional costs*                                      7,855          4,892
    Amortisation of purchased intangibles                     (2,642)        (1,550)
    Acquisition and exceptional costs                         (3,247)        (1,921)
    Profit from operations                                      1,966          1,421
    Other income                                                  505              -
    Net investment revenue                                         10             61
    Profit before taxation                                      2,481          1,482
    Tax                                            3              235            711
    Profit for the period attributable to
    equity holders of the parent before
    acquisition and exceptional costs*                          8,605          5,664
 
    Profit for the period attributable to
    equity holders of the parent                                2,716          2,193
 
    Earnings per share (cents)                                  Cents          Cents
    Adjusted basic*                                4             2.38           1.64
    Basic                                          4             0.75           0.63
    Adjusted diluted*                              4             2.34           1.60
    Diluted                                        4             0.74           0.62


*Adjusted for acquisition costs of $1.4m (2011:$1.9m), exceptional charges of $1.8m and amortization of purchased intangibles of $2.6m (2011: $1.6m

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(UNAUDITED)

For six months ended 30 September 2012

                                                              Six months to  Six months to
                                                               30 September   30 September
                                                                       2012           2011
                                                                (unaudited)    (unaudited)
                                                                       $000           $000
 
    Profit for the period                                             2,716          2,193
    Exchange difference on translation of foreign operations            301        (1,358)
    Total comprehensive income for the period                         3,017            835


BLINKX PLC

CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED)

As at 30 September 2012

(in thousands)

                                                     As at         As at
                                              30 September  30 September
                                                      2012          2011
                                               (unaudited)   (unaudited)
                                        Note          $000          $000
    ASSETS
    Non-current assets
    Goodwill                                        49,080        26,779
    Intangible assets                               27,654        20,813
    Property, plant and equipment                    2,014         1,801
    Other receivables                                  250           250
    Deferred tax asset                               8,498         2,107
                                                    87,496        51,750
    Current assets
    Trade receivables                               24,147        19,613
    Other receivables                                3,515         3,756
    Cash and cash equivalents                       41,627        52,928
                                                    69,289        76,297
    Total assets                                   156,785       128,047
 
    LIABILITIES
    Current liabilities
    Trade and other payables                      (25,762)      (21,452)
 
    Non-current liabilities
    Deferred tax liability                         (1,732)             -
    Other payables                                   (453)         (263)
                                                   (2,185)         (263)
    Total liabilities                             (27,947)      (21,715)
 
    Net assets                                     128,838       106,332
 
    Shareholders' equity
    Share capital                        5           6,845         6,713
    Share premium account                5         101,809        87,072
    Shares to be issued                  6             750           831
    Stock compensation reserve                      12,880        10,906
    Currency translation reserve                   (7,536)       (8,900)
    Merger reserve                                  33,089        33,047
    Retained loss                                 (18,999)      (23,337)
    Total equity                                   128,838       106,332


BLINKX PLC

CONDENDSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED)

For the six months to 30 September 2012

(in thousands)

                                                             Six months to  Six months to
                                                              30 September   30 September
                                                                      2012           2011
                                                                (unaudited)    (unaudited)
                                                                      $000           $000

    CASH FLOWS FROM OPERATING ACTIVITIES
    Profit from operations                                          1,966          1,421
    Adjustments for:
                    Depreciation and amortization                   4,206          2,345
                    Share based payments                              942            494
                    Other income                                      505              -
                    Foreign exchange gains / (losses)                  11           (61)
 
    Operating cash flows before movements in working capital        7,630          4,199
 
    Changes in operating assets and liabilities:
                    Increase in trade and other receivables       (1,743)        (4,160)
                    Increase in trade and other payables              375          2,110
    Net cash generated by operations                                6,262          2,149
 
    Income taxes paid                                             (1,555)              -
 
    Net cash generated by operating activities                      4,707          2,149
 
    CASH FLOWS FROM INVESTMENT ACTIVITIES
    Interest received                                                  10             61
    Purchase of property, plant and equipment and intangibles     (1,948)        (2,288)
    Acquisitions, net of cash acquired                                  -            705
    Net cash used by investment activities                        (1,938)        (1,522)

    CASHFLOWS FROM FINANCING ACTIVITIES
    Net payments on finance lease                                    (99)           (45)
    Proceeds from issuance of shares                                  261            623
    Net cash generated by financing activities                        162            578
 
    Net increase in cash and cash equivalents                       2,931          1,205
 
    Beginning cash and cash equivalents                            38,406         52,809
    Effect of foreign exchange on cash and cash equivalents           290        (1,086)
    Ending cash and cash equivalents                               41,627         52,928


BLINKX PLC

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

For the six months to 30 September 2012

(in thousands)

                                                          Share  Shares         Stock
                                                 Share  premium   to be  compensation
                                               Capital  account  issued       reserve
                                                  $000     $000    $000          $000
 
    Balance as at 1 April 2011                   6,398   86,443       -         9,968
 
    Issue of shares                                315      629       -             -
 
    Current period profit                            -        -       -             -
 
    Exchange differences on translation              -        -       -             -
 
    Equity to be issued - acquisition related        -        -     831             -
 
    Share based payments                             -        -       -           938
 
    Balance as at 30 September 2011              6,713   87,072     831        10,906
 
                                                          Share  Shares         Stock
                                                 Share  premium   to be  compensation
                                               Capital  account  issued       reserve
                                                  $000     $000    $000          $000
 
    Balance as at 1 April 2012                   6,837  101,552     754        11,938
 
    Issue of shares                                  8      257     (4)             -
 
    Current period profit                            -        -       -             -
 
    Exchange differences on translation              -        -       -             -
 
    Share based payments                             -        -       -           942
 
    Balance as at 30 September 2012              6,845  101,809     750        12,880


Table continued below…

                                                 Currency
                                              Translation   Merger  Retained
                                                  reserve  reserve  earnings         Total
                                                     $000     $000      $000          $000
 
    Balance as at 1 April 2011                    (7,542)  (4,323)  (25,530)        65,414
 
    Issue of shares                                     -   37,370         -        38,314
 
    Current period profit                               -        -     2,193         2,193
 
    Exchange differences on translation           (1,358)        -         -       (1,358)
 
    Equity to be issued - acquisition related           -        -         -           831
 
    Share based payments                                -        -         -           938
 
    Balance as at 30 September 2011               (8,900)   33,047  (23,337)       106,332
 
                                                 Currency
                                              Translation   Merger  Retained
                                                  reserve  reserve  earnings         Total
                                                     $000     $000      $000          $000
 
    Balance as at 1 April 2012                    (7,837)   33,089  (21,715)       124,618
 
    Issue of shares                                     -        -         -           261
 
    Current period profit                               -        -     2,716         2,716
 
    Exchange differences on translation               301        -         -           301
 
    Share based payments                                -        -         -           942
 
    Balance as at 30 September 2012                -7,536   33,089   -18,999       128,838


BLINKX PLC

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

1. Basis of preparation

The condensed interim financial statements have been prepared using accounting policies and methods of computation consistent with those used in the audited statutory financial statements for the year ended 31 March 2012 and International Financial Reporting Standards ("IFRSs") as adopted for use in the European Union. While the financial information included in this interim announcement has been compiled in accordance with the recognition and measurement principles of IFRSs, this announcement does not itself contain sufficient information to comply with IFRSs. These interim financial statements do not constitute statutory financial statements within the meaning of section 435 of the Companies Act 2006.

Statutory financial statements for the year ended 31 March 2012 are available on the blinkx plc's (the "Group's") website http://www.blinkx.com and have been filed with the Registrar of Companies. The Group's auditor issued a report on those financial statements that was unqualified, did not contain a statement under section 498(2) or section 498(3) of the Companies Act 2006 and did not draw attention to any matters by way of emphasis.

The information for the six month period ended 30 September 2012 is unaudited, but reflects all normal adjustments which are, in the opinion of management, necessary to provide a fair statement of results and the Group's financial position for and as at the period presented. The results of operations for the period ended 30 September 2012 are not necessarily indicative of the operating results for future operating periods.

The directors have considered the financial resources of the Group and the risks associated with doing business in the current economic climate and believe the Group is well placed to manage these risks successfully. The directors have reviewed management's business plan setting out key business assumptions and considered it to be reasonable and are satisfied that the Group has adequate resources to continue in operational existence for the foreseeable future being a period of no less that 12 months from the date of signing of this interim report. Accordingly, they continue to adopt the going concern basis in preparing this interim announcement.

2. Share-based payments

Included within operating expenses are the following amounts in respect of share based payments:

                                               Six months to  Six months to
                                                30 September   30 September
                                                        2012           2011
                                                 (unaudited)    (unaudited)
                                                        $000           $000
 
    Sales and marketing                                  566            312
    Research and development                             247            115
    Administrative expenses                              129             67
                                                         942            494


3. Taxation

Tax for the period is charged at a composite tax rate of -9.4 percent (half year to 30 September 2011: -48.0 percent, year to 31 March 2011 : -101.9 percent), representing the best estimate of the average annual effective income tax rate expected for the full year plus the effect of discrete items recognised in the period.

4. Earnings per share

The calculation of the basic and diluted earnings per share is based on the following information.

                                                              Six months to  Six months to
                                                               30 September   30 September
                                                                       2012           2011
                                                                (unaudited)    (unaudited)
                                                                       $000           $000
 
    Earnings
    Adjusted* profit (used in calculation 
     of basic and diluted loss per share)                             8,605          5,664
    Profit (used in calculation of basic
     and diluted loss per share)                                      2,716          2,193
 
                                                                     Number         Number
    Number of shares
    Weighted average number of shares for 
     the basic earnings per share                               361,728,496    345,815,693
    Weighted average number of shares for
     the diluted earnings per share                             368,280,824    353,518,944


*Adjusted for acquisition costs of $1.4m (2011:$1.9m), exceptional charges of $1.8m and amortization of purchased intangibles of $2.6m (2011: $1.6m)

5. Share capital

The issuance of shares in the period relates to the issuance of 1,637 shares to the shareholders of Burst Media Corporation and 481,943 shares on the exercise of employee share options.

6. Shares to be issued

The shares to be issued reserve relates to shares which are expected to be issued to Burst shareholders, as part of the consideration, who have not yet submitted the paperwork to effect the exchange of Burst shares for blinkx shares.

7. Acquisition and exceptional costs

Acquisition costs of $1.4 million and exceptional charges of $1.8 million have been separately identified on the face of the income statement. These charges included post acquisition remuneration, one time write down of a prepaid distribution charge, onerous facility, severance and professional services.  

8. Acquisition of subsidiaries

On 9 November 2011 the group acquired 100% of the issued share capital of Prime Visibility Media Group Inc., an online advertising network and digital advertising agency headquartered in New York, USA. The integration of the blinkx video search engine with PVMG's text search platform will enable the group to tap into a new audience of intent-driven consumers and deliver TV-style brand advertising to them.

Fair values of purchased assets and liabilities:

                               Provisional   Adjustment to
                                 FV @ date            FV @        Final
                               of purchase   November 2012   Fair Value
                                 $ million       $ million    $ million
 
    Intangibles                       12.6                         12.6
    Other assets                       5.7                          5.7
    Deferred tax asset                 1.7           (0.2)          1.5
    Cash                               0.7                          0.7
    Trade & other payables           (7.3)                        (7.3)
    Total identifiable assets         13.4           (0.2)         13.2
 
    Goodwill                          21.4             0.2         21.6
 
    Total consideration               36.0 *             -         36.0 *


*The fair value of the $36.0 million consideration paid comprises of: cash paid of $31 million; deferred consideration provisionally determined of $3.8 million; and prepaid post acquisition remuneration of $1.2 million.

The $0.2 million adjustment to fair values relates to a deferred tax asset valuation adjustment.

The measurement period relating to the PVMG acquisition is now completed so no further purchase adjustments will be posted to the fair values.

9. Standardisation of expense classifications on integration

As part of the process of integrating those companies acquired in fiscal year 2012, the company has been aligning its accounting policies to ensure consistent expense classifications across the expanded Group. Whilst this exercise has been concluded for the current period certain prior year marketing and advertising expenses may not have been consistently classified according to blinkx accounting policies. This expense reclassification will not impact revenue, operating profits or earnings per share as reported. Management is currently working to analyse the full effect of the expense classification differences in the prior period, but prior to this announcement it has been impracticable to determine fully the extent of the reclassifications required. Management intends to disclose the outcome of this exercise, to the extent material, in its annual report for the year ended 31 March 2013.

10. Related party transactions

For the purposes of IAS 24 Related Party Disclosures, the directors are considered to be the Group's key management personnel. Their remuneration is disclosed within the Directors' Report as reported in the Statutory financial statements for the year ended 31 March 2012. There were no other related party transactions in either the current year or prior year.

INDEPENDENT REVIEW REPORT TO BLINKX PLC

We have been engaged by the company to review the interim set of financial statements in the half-yearly

financial report for the six months ended 30 September 2012 which comprises the condensed consolidated income statement, the condensed consolidated statement of comprehensive income, the condensed consolidated balance sheet, the condensed consolidated cash flow statement, the condensed consolidated statement of changes in equity and related notes 1 to 10. We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the interim set of financial statements.

This report is made solely to the company in accordance with International Standard on Review Engagements (UK and Ireland) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Auditing Practices Board. Our work has been undertaken so that we might state to the company those matters we are required to state to them in an independent review report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company, for our review work, for this report, or for the conclusions we have formed.

Directors' responsibilities

The half-yearly financial report is the responsibility of, and has been approved by, the directors. The directors are responsible for preparing the half-yearly financial report in accordance with the AIM Rules of the London Stock Exchange.

As disclosed in note 1, the annual financial statements of the group are prepared in accordance with IFRSs as adopted by the European Union. The interim set of financial statements included in this half-yearly financial report have been prepared in accordance with the accounting policies the group intends to use in preparing its next annual financial statements.

Our responsibility

Our responsibility is to express to the company a conclusion on the interim set of financial statements in the half-yearly financial report based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the interim set of financial statements in the half-yearly financial report for the six months ended 30 September 2012 is not prepared, in all material respects, in accordance with the AIM Rules of the London Stock Exchange.

Deloitte LLP

Chartered Accountants and Statutory Auditor

Cambridge, United Kingdom

14 November 2012

For further information please contact:

Financial Media Contacts
Edward Bridges/Charles Palmer
FTI Consulting
(UK) +44(0)20-7831-3113

NOMAD and Broker for blinkx plc
Charles Lytle/Christopher Wren
Citigroup Global Markets Ltd
(UK) +44(0)20-7986-9756

Analyst and Investor Contact
Jonathan Spira, CFO
blinkx plc
(US) +1-415-655-1450


SOURCE blinkx plc

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IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
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....
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
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...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
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.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
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...