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CNP Assurances: Financial Indicators for the First Nine Months of 2012

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.

HIGHLIGHTS

  • 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[1] down 7.9%, reflecting non-recurring factors linked to falling interest rates
    • International[1] 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[2]


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.

  • France

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[3] (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[4]. 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 

 

APPENDICES

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.

 

UNIT-LINKED SALES

                                      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


(continued)


   
                                                      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

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How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic • Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it’s a mix of architectural style...
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve a...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
Connected devices are changing the way we go about our everyday life, from wearables to driverless cars, to smart grids and entire industries revolutionizing business opportunities through smart objects, capable of two-way communication. But what happens when objects are given an IP-address, and we rely on that connection, sometimes with our lives? How do we secure those vast data infrastructures and safe-keep the privacy of sensitive information? This session will outline how each and every connected device can uphold a core root of trust via a unique cryptographic signature – a “bir...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at Internet of @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, will discuss how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.

SUNNYVALE, Calif., Oct. 20, 2014 /PRNewswire/ -- Spansion Inc. (NYSE: CODE), a global leader in embedded systems, today added 96 new products to the Spansion® FM4 Family of flexible microcontrollers (MCUs). Based on the ARM® Cortex®-M4F core, the new MCUs boast a 200 MHz operating frequency and support a diverse set of on-chip peripherals for enhanced human machine interfaces (HMIs) and machine-to-machine (M2M) communications. The rich set of periphera...

SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
SYS-CON Events announced today that Matrix.org has been named “Silver Sponsor” of Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Matrix is an ambitious new open standard for open, distributed, real-time communication over IP. It defines a new approach for interoperable Instant Messaging and VoIP based on pragmatic HTTP APIs and WebRTC, and provides open source reference implementations to showcase and bootstrap the new standard. Our focus is on simplicity, security, and supporting the fullest feature set.
Predicted by Gartner to add $1.9 trillion to the global economy by 2020, the Internet of Everything (IoE) is based on the idea that devices, systems and services will connect in simple, transparent ways, enabling seamless interactions among devices across brands and sectors. As this vision unfolds, it is clear that no single company can accomplish the level of interoperability required to support the horizontal aspects of the IoE. The AllSeen Alliance, announced in December 2013, was formed with the goal to advance IoE adoption and innovation in the connected home, healthcare, education, aut...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...