|By PR Newswire||
|November 14, 2012 05:06 AM EST||
PARIS, November 14, 2012 /PRNewswire/ --
Revenue: €19.4bn (down 14%)
Net insurance revenue: €2,283m (up 4%)
Recurring net profit: stable at €755m
Attributable net profit: €783m (up 42%)
Solvency capital: 2.54x required capital including unrealised gains
Further sales of peripheral euro zone sovereign debt securities
CNP Assurances, the leading personal insurer in France, with operations in the rest of Europe and in South America, has announced its revenue and results for the first nine months of 2012. These indicators were approved for publication by the Board of Directors at its meeting on 13 November 2012.
- Revenue down 14.1%, reflecting declines of 18.1% in Savings and 16.8% in Pensions:
- France: down 10.4% in a market down 14.0% (like-for-like)
- International: down 24.5% due to Southern Europe.
- Net insurance revenue up 4.2%:
- France down 7.9%, reflecting non-recurring factors linked to falling interest rates
- International up by a healthy 12.9%
- Recurring net profit stable at €755 million. Attributable net profit up 42.3% at €783 million, supported by favourable financial market conditions
- Further reductions in peripheral euro zone sovereign debt assets:
- French portfolio's gross exposure reduced to €12.7 billion at 30 September 2012 from €19.2 billion at 31 December 2011.
1. Business review for the first nine months of 2012
In the first nine months of 2012, consolidated revenue contracted by 14.1% to €19.4 billion. The decline continued the trend observed in the first half and mainly concerned the Savings and Pensions businesses.
IFRS 2012 2011 % change % change (EURm) (9 months) (9 months) (reported) (like-for-like(1)) Savings 12,550.5 15,327.3 - 18.1 -18.1 Pensions 2,364.9 2,843.3 - 16.8 -14.1 Personal Risk 1,474.2 1,496.4 - 1.5 -0.1 Term Creditor Insurance 2,343.6 2,283.3 + 2.6 + 3.3 Health Insurance 392.1 364.3 + 7.6 + 7.7 Property & Casualty 268.8 255.7 + 5.1 + 10.4 TOTAL 19,394.0 22,570.4 - 14.1 -13.5
(1) Average exchange rate for Brazil:
At 30/09/2012: €1 = BRL2.456
At 30/09/2011: €1 = BRL2.311
International operations accounted for one-fifth of total revenue, with 56% generated in South America. The 24.5% decline in international revenue for the first nine months was due to the high basis of comparison in Ireland (with last year's sale of a major group pensions contract), unfavourable exchange rates in Brazil and sharply lower revenue in Southern Europe.
(EURm) IFRS 2012 2011 % change % change (9 months) (9 months) (reported) (like-for-like(1)) France 15,674.2 17,644.7 -11.2 -11.2 Italy (2) 1,094.7 1,659.1 -34.0 -34.0 Portugal (3) 27.6 200.3 -86.2 -86.2 Brazil 2,071.9 2,125.5 -2.5 +3.6 Argentina 43.7 19.9 +119.2 +117.4 Spain (4) 285.3 312.4 -8.7 -8.7 Cyprus 136.5 157.9 -13.6 -13.6 Ireland 54.6 449.6 -87.9 -87.9 Other Europe (5) 5.5 0.8 - - Sub-total International 3,719.8 4,925.6 -24.5 -21.9 TOTAL 19,394.0 22,570.4 -14.1 -13.5
(1) Average exchange rate for Brazil:
At 30/09/2012: €1 = BRL2.456
At 30/09/2011: €1 = BRL2.311
(2) CNP Italia branch, CNP UniCredit Vita and CNP BVP Italy
(3) CNP BVP Portugal
(4) CNP España branch, CNP Vida and CNP BVP Spain
(5) Including Greece since September 2012
In a French market down by €5.1 billion, CNP Assurances reported a €700 million net outflow of funds, representing considerably less than its market share. This outperformance was mainly attributable to La Banque Postale's resilience and to CNP Assurances's presence in the group insurance segment which stayed on an upward trajectory. In all, net new money was a negative €600 million across the Group. However, average technical reserves (excluding deferred participation) continued to grow, rising by 2.3% versus the first nine months of 2011 to €291.6 billion.
In France, revenue for the first nine months amounted to €15.7 billion, down 11.2% as reported and 10.4% on a French GAAP basis. Despite the decline - mainly concerning the Savings business - the Group significantly outperformed the French savings and pensions market which contracted by 14.0% compared with the first nine months of 2011.
While the Savings and Pensions segments remained difficult, with unit-linked sales down by a steep 42.6%, the Group continued to perform well in the term creditor insurance segment, reporting a 7.0% increase in revenue.
A. La Banque Postale
La Banque Postale's contribution to nine-month revenue was down 6.0% at €6,826 million and net new money was at break-even. This represented a particularly resilient performance in a market where new money was down 14% and net new money was a negative €5.1 billion. Sales of term creditor insurance remained strong. In the personal risk segment, La Banque Postale maintained its momentum with the number of contracts sold rising by 14%, lifted by strong demand for the Prémunys and Sérénia term life insurance offers.
B. Caisses d'Epargne
The revenue contribution of the Caisses d'Epargne (savings banks) dropped by 22.4% to €5,286 million as a result of stiff competition from products offered by the banks, particularly in the Savings segment. Unit-linked sales fell by 53.3% reflecting a reduced emphasis on selling unit-linked bond funds compared with 2011. However, the network's contribution to personal risk revenues nearly doubled, with over 180,000 policies sold during the period. Term creditor insurance business also continued to grow, contributing €502 million to revenue.
C. CNP Trésor
CNP Trésor's revenue contribution declined by 7.6% to €434 million. Its distribution model based on a team of local insurance advisors helped the network to withstand the sharp contraction in the French life insurance market.
D. Financial institutions
The wait-and-see attitude among homebuyers in France led to an overall decline in home purchases during the period. Despite this challenging environment, the revenue contribution of the Financial Institutions partnership centre rose by 3.3% to €1,102 million. The period-on-period growth was mainly due to the fact that new business accounts for only a small proportion of total revenue. It also reflected the maturity of the partners' main portfolios.
E. Companies and Local Authorities
Revenue generated with companies and local authorities amounted to €1,273 million, an increase of 2.6%. In the personal risk segment, for both companies and local authorities the Group focused on improving margins by adjusting rates.
F. Mutual insurers
The revenue contribution from mutual insurers amounted to €700 million, down 4.4%. Growth initiatives focused mainly on developing optional supplementary long-term care insurance business with MGEN.
- International operations
At €3.7 billion, revenue from international operations for the first nine months was down 24.5% on the year-earlier period (21.9% at constant exchange rates), due mainly to the decline in business in Southern Europe.
The decrease in international revenue was offset by a favourable shift in the product mix towards risk protection insurance.
A. South America
- Caixa Seguros (Brazil)
Caixa Seguros's revenue rose 3.6% in local currency to BRL 5,088 million. However, the subsidiary's contribution to consolidated revenue was down 2.5% due to the real's decline against the euro.
While Savings and Pensions business was affected by competition from products offered by the banks, term creditor insurance continued to grow, rising 21.7% in real. In all, revenues from personal risk insurance, term creditor insurance and property and casualty insurance rose by an average 14% and accounted for over a third of total revenues.
Revenues from the health insurance business launched at the end of 2011 amounted to BRL 15.9 million for the first nine months of 2012.
B. Southern Europe
- CNP UniCredit Vita (Italy)
After a strong first half, CNP UniCredit Vita experienced a severe loss of momentum in the third quarter, with the result that revenues for the first nine months were down 33.2%. Pensions and Personal Risk revenues nevertheless rose by 3.3% and 24.7% respectively.
- CNP Barclays Vida y Pensiones (Portugal, Spain, Italy)
In Southern Europe's very depressed economic environment, CNP BVP experienced a steep 47.7% drop in revenue to €309.4 million. All business lines were hit to a similar extent, although it is important to note that the basis of comparison was very high after revenue more than doubled in 2011. The only exception was the personal risk business, which grew by nearly 7% albeit from a still limited base.
- CNP Laiki Insurance Holdings (Cyprus)
The 10.1% decline in this subsidiary's revenue was mainly due to the high prior year basis of comparison which included revenue of €8.8 million from a single premium contract.
2. Results for the first nine months of 2012
2012 2011 (EURm) (9 months) (9 months) % change Premium income 19,394.0 22,570.4 -14.1% Change in average technical reserves (excluding deferred participation) 291,568 284,895 +2.3% Net insurance revenue* 2,283 2,191 +4.2% - Expenses 661 666 -0.7% EBIT 1,622 1,525 +6.3% - Finance costs (115) (109) +5.7% - Income tax expense (531) (468) +13.5% - Minority interests (220) (193) +14.4% Attributable recurring profit 755 756 -0.1% Net realised gains on equities and investment property 93 (174) - Fair value adjustments to trading securities 143 (32) - Non-recurring items (209) 0 - Attributable net profit 783 550 +42.3%
*Net insurance revenue at constant exchange rates: up 7.9%
Net insurance revenue rose 4.2% in the first nine months of 2012 compared with the year-earlier period.
In France, net insurance revenue (excluding own-funds portfolios) was down 7.9% due to non-recurring factors. The underlying change was an increase of 5.2%. Net insurance revenue from international operations rose 12.9% despite the negative currency effect in Brazil. Their contribution to total net insurance revenue (excluding own-funds portfolios) was 50% for the first nine months of 2012 versus 45% for the same period of 2011.
Expenses decreased by 0.7%. In France, expenses were down by 2.8%, while in international operations expenses rose compared with the first nine months of 2011, mainly in Brazil due to the costs of growing the business and amortizing strategic projects.
EBIT rose 6.3%. Subsidiaries outside France accounted for 44% of the total, helped by an increased contribution from Caixa Seguros.
Net capital gains generated under the multi-year profit taking programme concerned equities and investment property and amounted to €93 million. Fair value adjustments to trading securities represented a positive €143 million.
Profit for the period was adversely affected by net non-recurring expenses of €209 million, corresponding mainly to transfers to the policyholders' surplus reserve.
Net profit attributable to equity holders of the parent for the first nine months of 2012 amounted to €783 million, an increase of 42.3% on the year-earlier period.
3. Solvency capital
Required capital under Solvency I was covered 1.12 times at 30 September 2012 before taking into account unrealised capital gains. This was slightly below the 30 June coverage rate, due to an increase in required capital during the third quarter. Including unrealised capital gains, required capital was covered 2.54 times.
As announced on 16 October, CNP Assurances has placed USD 500 million worth of perpetual subordinated notes, mainly with Asian investors. The notes will be included in equity for the calculation of the coverage rate at 31 December 2012.
4. Investment policy
The Group is continuing to follow a prudent investment policy. The French portfolio's exposure to peripheral euro zone sovereign debt was reduced to €12.7 billion at 30 September 2012, with a further reduction in October.
CNP Assurances's regulated information can be downloaded from the Group's investor information website http://www.cnp-finances.fr
REVENUE BY PARTNERSHIP CENTRE
(EURm) IFRS French GAAP 2012 2011 2012 2011 (9 (9 % (9 (9 % months) months) change months) months) change La Banque Postale 6,826.3 7,260.0 -6.0 6,827.6 7,262.1 -6.0 Savings Banks 5,285.8 6,811.1 -22.4 5,286.8 6,812.4 -22.4 CNP Trésor 433.6 469.4 -7.6 433.6 469.4 -7.6 Financial Institutions France 1,102.5 1,067.2 3.3 1,102.5 1,067.2 3.3 Mutual Insurers 700.2 732.4 -4.4 700.2 732.4 -4.4 Companies & Local Authorities 1,273.5 1,241.5 2.6 1,496.4 1,337.7 11.9 Other (France) 52.3 63.1 -17.2 52.3 63.1 -17.2 TOTAL France 15,674.2 17,644.7 -11.17 15,899.5 17,744.4 -10.40 CNP Seguros de Vida (Argentina) (1) 43.7 19.9 119.2 43.7 19.9 119.2 CNP Vida (Spain) 123.2 123.3 - 0.0 123.7 123.3 0.3 Caixa Seguros (Brazil) (1) 2,071.9 2,125.5 - 2.5 2,392.6 2,439.2 - 1.9 CNP UniCredit Vita (Italy) 932.4 1,395.9 - 33.2 1,110.8 1,653.7 - 32.8 CNP Laiki Insurance Holdings (Cyprus) 142.0 157.9 - 10.1 142.8 166.7 - 14.4 CNP Europe (Ireland) 54.6 449.6 - 87.9 54.6 449.6 - 87.9 CNP BVP (Portugal-Spain-Italy) 309.4 591.7 - 47.7 401.5 664.8 - 39.6 Financial Institutions outside France (2) - 3.3 - - 3.3 - Branches 42.5 58.5 - 27.2 42.5 58.5 -27.2 TOTAL International 3,719.8 4,925.6 - 24.5 4,312.1 5,579.1 -22.7 TOTAL 19,394.0 22,570.3 - 14.1 20,211.6 23,323.5 -13.3
(1) Average exchange rates: Argentina: €1 = ARS5.716 - Brazil: €1 = BRL2.456
(2) The business of writing term creditor insurance for Cofidis under the EU freedom of services directive was discontinued on 1 January 2011 and the related contracts no longer generate any revenues.
IFRS French GAAP 2011 2012 2011 2012 (9 (9 (9 % (EURm) (9 months) months) % change months) months) change La Banque Postale 336.7 407.0 - 17.3 338.1 409.2 - 17.4 Savings Banks 478.3 1,024.5 - 53.3 479.3 1,025.7 - 53.3 CNP Trésor 10.8 18.4 - 41.1 10.8 18.4 - 41.1 Other (France) 2.5 4.5 - 43.6 2.5 4.5 - 43.6 Total individual products France 828.4 1,454.5 - 43.0 830.7 1,457.8 - 43.0 Group products France 16.1 17.8 - 9.5 239.0 99.9 139.3 TOTAL France 844.5 1,472.3 - 42.6 1,069.8 1,557.7 - 31.3 CNP UniCredit Vita 316.9 643.2 - 50.7 495.3 901.1 - 45.0 Caixa Seguros 1,068.4 1,233.1 - 13.4 1,068.4 1,233.1 - 13.4 CNP Vida 63.2 60.9 3.6 63.2 60.9 3.6 CNP Laiki Insurance Holdings 45.3 49.7 - 8.9 45.5 57.8 - 21.3 CNP Europe 4.8 5.9 - 18.6 4.8 5.9 - 18.6 CNP BVP (Portugal-Spain-Italy) 26.5 127.1 - 79.1 118.7 200.2 - 40.7 TOTAL International 1,525.1 2,119.9 - 28.1 1,795.7 2,459.1 - 27.0 TOTAL unit-linked 2,369.7 3,592.2 - 34.0 2,865.6 4,016.8 - 28.7
BREAKDOWN BY INSURANCE CATEGORY
IFRS French GAAP 2012 2011 2012 2011 (EURm) (9 months) (9 months) % change (9 months) (9 months) % change Individual Insurance 14,821.6 17,591.2 - 15.7 15,415.3 18,247.4 - 15.5 Group Insurance 4,572.8 4,979.2 - 8.2 4,796.3 5,076.1 - 5.5 Total 19,394.0 22,570.4 - 14.1 20,211.6 23,323.5 - 13.3
REVENUE BY COUNTRY AND BY BUSINESS SEGMENT
Personal Savings Pensions Risk 9 mos. 9 mos. 9 mos. % In EURm (IFRS) 2012 % chg. 2012 % chg. 2012 chg. France 11,250.9 - 15.9 1,034.1 5.7 1,094.5 - 3.3 Italy (1) 985.8 - 31.8 12.7 3.3 7.1 24.7 Portugal (2) 10.8 - 94.1 0.0 NS 0.9 NS Other Europe (3) 2.9 NS 0.0 NS 0.0 NS Brazil 56.5 - 6.4 1,217.0 - 8.3 334.7 3.8 Argentina 4.0 41.1 0.0 NS 8.4 56.7 Spain (4) 188.5 5.1 51.2 - 37.5 8.1 - 3.8 Cyprus 46.4 - 26.5 0.0 NS 20.6 - 7.6 Ireland 4.8 - 18.6 49.8 - 88.8 0.0 NS Sub-total International 1,299.6 - 33.1 1,330.8 - 28.6 379.7 4.3 TOTAL 12,550.5 - 18.1 2,364.9 - 16.8 1,474.2 - 1.5
Property Term Creditor Health & Insurance Insurance Casualty Total 9 mos. % chg. 9 mos. % chg. 9 mos. % chg. 9 mos. & chg. In EURm (IFRS) 2012 2012 2012 2012 France 1,925.8 7.0 368.9 6.1 0.0 NS 15,674.2 - 11.2 Italy 89.2 - 54.6 0.0 NS 0.0 NS 1,094.7 - 34.0 Portugal (1) 15.8 4.4 0.0 NS 0.0 NS 27.6 - 86.2 Other Europe (2) 2.3 177.0 0.3 NS 0.0 NS 5.5 566.1 Brazil (3) 241.5 14.5 6.5 NS 215.8 5.3 2,071.9 - 2.5 Argentina 31.4 166.1 0.0 NS 0.0 NS 43.7 119.2 Spain 37.5 - 12.5 0.0 NS 0.0 NS 285.3 - 8.7 Cyprus (4) 0.0 NS 16.5 - 1.4 53.0 4.4 136.5 - 13.6 Ireland 0.0 NS 0.0 NS 0.0 NS 54.6 - 87.9 Sub-total International 417.8 - 13.5 23.2 39.0 268.8 5.1 3,719.8 - 24.5 TOTAL 2,343.6 2.6 392.1 7.6 268.8 5.1 19,394.0 - 14.1 (1) CNP Italia branch, CNP UniCredit Vita and CNP BVP Italy (2) CNP BVP Portugal (3) Cofidis Romania, Belgium, Czech Rep., Greece (4) CNP Spain branch, CNP Vida and CNP BVP Spain CNP UNICREDIT VITA REVENUE
IFRS French GAAP 2012 2012 (EURm) (9 months) % change (9 months) % change Savings 879.5 - 32.0 1,057.8 - 31.8 Pensions 12.7 3.3 12.7 3.3 Personal Risk 7.1 24.7 7.1 24.7 Term Creditor Insurance 33.1 - 60.6 33.1 - 60.6 TOTAL 932.4 - 33.2 1,110.8 - 32.8
CAIXA SEGUROS REVENUE
IFRS French GAAP 2012 2012 (BRLm) (9 months) % change (9 months) % change Savings 138.6 - 0.8 926.0 7.1 Pensions 2 988.4 - 2.6 2 988.4 - 2.6 Personal Risk 821.9 10.4 821.9 10.4 Term Creditor Insurance 593.0 21.7 593.0 21.7 Property & Casualty 529.8 12.0 529.8 12.0 Health Insurance 15.9 15.9 TOTAL 5 087.7 3.6 5 875.0 4.2
CNP BVP REVENUE
IFRS French GAAP 2012 2012 (EURm) (9 months) % change (9 months) % change Savings 206.1 - 49.6 298.2 - 38.1 Pensions 46.0 - 41.1 46.0 - 41.1 Personal Risk 8.9 6.8 8.9 6.8 Term Creditor Insurance 48.4 - 49.9 48.4 - 49.9 TOTAL 309.4 - 47.7 401.5 - 39.6
2013 Investor calendar
- 2012 revenue and results: Wednesday, 22 February 2013 at 7:30 am
- Annual General Meeting: Thursday, 25 April at 2:30 pm
- First quarter 2013 revenue and profit indicators: Thursday, 16 May 2013 at 7:30am
- First-half 2013 revenue and results: Friday, 26 July 2013 at 7:30 am
- Nine-month 2013 revenue and profit indicators: Friday, 15 November 2013 at 7:30 am
Disclaimer: Some of the statements contained in this press release may be forward-looking statements referring to projections, future events, trends or objectives that, by their very nature, involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in such statements by reason of factors such as changes in general economic conditions and conditions in the financial markets, legal or regulatory decisions or changes, changes in the frequency and amount of insured claims, particularly as a result of changes in mortality and morbidity rates, changes in surrender rates, interest rates, foreign exchange rates, the competitive environment, the policies of foreign central banks or governments, legal proceedings, the effects of acquisitions and the integration of newly-acquired businesses, and general factors affecting competition. Further information regarding factors which may cause results to differ materially from those projected in forward-looking statements is included in CNP Assurances' filings with the Autorité des Marchés Financiers. CNP Assurances does not undertake to update any forward-looking statements presented herein to take into account any new information, future event or other factors. -------------------------------------------------- 1. Excluding revenues from own funds portfolios 2. Unless otherwise stated, all data are presented on an IFRS basis 3. Following the partner's name change, CNP Marfin Insurance Holdings (CNP MIH) was renamed CNP Laiki Insurance Holdings (CNP LIH) 4. Mainly the effects of lower interest rates. Contacts: CNP Assurances Florence de MONTMARIN +33(0)1-42-18-86-51 Tamara BERNARD +33(0)1-42-18-86-19 [email protected] Contacts for Analysts & Investors: CNP Assurances Jim ROOT +33(0)1-42-18-71-89 Annabelle BEUGIN-SOULON +33(0)1-42-18-83-66 Jean-Yves ICOLE +33(0)1-42-18-94-93 [email protected]
SOURCE CNP Assurances
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be.
Sep. 3, 2015 10:48 AM EDT
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts, GM of Platform at FinancialForce.com, will discuss the value of business applications on wearable ...
Sep. 3, 2015 10:45 AM EDT
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
Sep. 3, 2015 10:00 AM EDT Reads: 277
17th Cloud Expo, taking place Nov 3-5, 2015, 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 enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
Sep. 3, 2015 10:00 AM EDT Reads: 1,596
Containers are not new, but renewed commitments to performance, flexibility, and agility have propelled them to the top of the agenda today. By working without the need for virtualization and its overhead, containers are seen as the perfect way to deploy apps and services across multiple clouds. Containers can handle anything from file types to operating systems and services, including microservices. What are microservices? Unlike what the name implies, microservices are not necessarily small, but are focused on specific tasks. The ability for developers to deploy multiple containers – thous...
Sep. 3, 2015 10:00 AM EDT Reads: 106
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Sep. 3, 2015 09:30 AM EDT Reads: 199
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Sep. 3, 2015 09:30 AM EDT Reads: 206
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Sep. 3, 2015 09:30 AM EDT Reads: 647
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
Sep. 3, 2015 09:30 AM EDT Reads: 278
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing these ideas and some early experiments performed in the Kurento open source software community in areas ...
Sep. 3, 2015 09:00 AM EDT
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
Sep. 3, 2015 08:30 AM EDT Reads: 314
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Sep. 3, 2015 07:45 AM EDT Reads: 103
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
Sep. 3, 2015 05:15 AM EDT Reads: 2,022
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Sep. 3, 2015 05:00 AM EDT Reads: 493
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Communication) is an open source project supported by Google, Mozilla and Opera that aims to enable bro...
Sep. 3, 2015 05:00 AM EDT Reads: 1,594
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
Sep. 3, 2015 04:00 AM EDT Reads: 735
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps 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 opportunity. Submit your speaking proposal today!
Sep. 3, 2015 02:30 AM EDT Reads: 1,688
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so they don't have to be replaced and are instantly converted to become smart, connected devices.
Sep. 2, 2015 11:15 PM EDT Reads: 239
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Sep. 2, 2015 06:00 PM EDT Reads: 471
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on demos and comprehensive walkthroughs.
Sep. 2, 2015 04:45 PM EDT Reads: 405