Click here to close now.


Microsoft Cloud Authors: Jayaram Krishnaswamy, Elizabeth White, Andreas Grabner, Jim Kaskade, Pat Romanski

News Feed Item

Africa Oil Third Quarter of 2012 Financial and Operating Results

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/21/12 -- Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil", "the Company" or "AOC") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2012.

--  Following the significant light oil discovery at Ngamia-1 exploration
    well in Block 10BB, the Company and its partner Tullow Oil plc
    ("Tullow") moved the rig 23 kilometers to drill the Twiga South-1
    exploration well in Block 13T (Kenya) which is on trend with Ngamia-1.
    Twiga South-1 has successfully encountered oil, drilling is ongoing and
    an announcement of the well results is expected in late November after
    target depth has been achieved and necessary sampling and analysis has
    been completed. 
--  The Company and its partners have selected Sabisa-1 as the first
    drilling location in the South Omo Block (Ethiopia). The Sabisa-1 well
    site has been prepared and the rig and associated equipment is in the
    process of being mobilized within country to the well site. Sabisa-1 is
    expected to spud around the end of 2012. Additionally, work has
    commenced on the acquisition of an additional 500 kilometers of 2D
    seismic in the eastern portion of the South Omo Block (Chew B'hir Sub-
--  The Company and its operating partners on Block 10A (Kenya) spud the
    Paipai-1 exploration well in the quarter. The Paipai-1 well is planned
    to a total depth of 4,150 meters, and will test a large four-way closed
    structure with Cretaceous-age sandstone targets at multiple depths.
    Paipai-1 spudded in September 2012 and is scheduled to be completed in
    early 2013. 
--  In Puntland (Somalia), the Company, through its 44.6% ownership interest
    in Horn Petroleum Corporation ("Horn"), completed Shabeel North-1, the
    second well of a two well exploration program. Both well sites have been
    restored to original condition and demobilization from Puntland has been
    completed. While the Company was disappointed that the first two
    exploration wells in Puntland did not flow oil, the Company remains
    highly encouraged that all of the critical elements exist for oil
    accumulations and based on this encouragement, the Company and its
    partners have entered into the next exploration period in both the
    Dharoor Valley and Nugaal Valley PSC's which carry a commitment to drill
    one exploration well in each block by October 2015. 
--  The Company completed a farmout transaction with Tullow on Block 12A
    (Kenya) in the quarter whereby Tullow paid the Company $1.1 million in
    consideration of past exploration expenditures to acquire an additional
    15% interest in Block 12A in Kenya. Tullow will also fund 15% of the
    Company's working interest share of expenditures related to the
    acquisition of 520 kilometers of 2D seismic until an expenditure cap of
    $10.3 million on a gross basis. 
--  The Company completed a farmout transaction with Marathon Oil
    Corporation ("Marathon") subsequent to the end of the quarter whereby
    Marathon acquired a 50% interest in Block 9 (Kenya) and a 15% interest
    in Block 12A (Kenya). In accordance with the farmout agreement, Marathon
    paid the Company $32.0 million in consideration of past exploration
    expenditures, and has agreed to fund the Company's working interest
    share of future joint venture expenditures on these blocks to a maximum
    of $25.0 million. The Company has retained a 20% working interest in
    Block 12A and a 50% working interest in Block 9. 
--  The Company completed a farmout transaction with New Age (Africa Global
    Energy) Limited ("New Age") subsequent to the end of the quarter whereby
    New Age acquired an additional 25% interest in the Company's Blocks 7 &
    8 (Ethiopia), together with operatorship of Blocks 7 & 8 and the Adigala
    Area (Ethiopia). In accordance with the farmout agreement, New Age paid
    the Company $1.5 million in consideration of past exploration
    expenditures. The Company has retained a 30% working interest in Blocks
--  The Company continues to actively acquire process and interpret 2D
    seismic over Blocks 10BA, 10BB, 12A, 13T and South Omo with three
    seismic crews currently active. 
--  Africa Oil ended the quarter with cash of $55.4 million and working
    capital of $32.0 million as compared to cash of $109.6 million and
    working capital of $90.2 million at December 31, 2011. Proceeds of $33.5
    million received in relation to the Marathon and New Age farmouts
    subsequent to the end of the quarter have positively impacted the
    Company's near term liquidity and capital position. 

Keith Hill, President and CEO, commented, "Africa Oil is very encouraged with the results of our first two exploration wells in the Lockichar basin. The arrival of an additional two drilling rigs will allow us to evaluate whether the Tertiary trend extends into southern Ethiopia and to test the Cretaceous rift in north-central Kenya."

Third Quarter 2012 Financial and Operating Highlights

Consolidated Statement of Net Income (Loss) and Comprehensive Income (Loss)
(United States Dollars)

                        Three months Three months  Nine months  Nine months
                               ended        ended        ended        ended
                           September    September    September    September 
                            30, 2012     30, 2011     30, 2012     30, 2011
Operating expenses                                                         
  Salaries and benefits  $   403,572  $   309,476  $   980,669  $ 1,067,364
   compensation            2,572,472      908,550    3,789,266    2,790,484
  Bank charges                10,188       23,103       27,084      133,242
  Travel                     347,439      470,806      809,598      853,767
  Management fees             74,547       60,593      213,559      187,325
  Office and general         137,083      455,579      505,399    1,011,900
  Depreciation                11,312        8,480       36,814       41,739
  Professional fees          411,200      462,066    3,654,524      859,190
  Stock exchange and                                                       
   filing fees                76,694      158,807      351,027      432,089
  Impairment of                                                            
   exploration assets              -            -    3,114,858    6,969,413
                           4,044,507    2,857,460   13,482,798   14,346,513
Gain on acquisition of                                                     
 Lion Energy                       -            -            -   (4,143,051)
Dilution loss on sale                                                      
 of subsidiary                     -    4,578,634            -    4,578,634
Finance income           (17,895,010)  (2,568,551)  (5,502,845)  (7,607,452)
Finance expense                    -    7,187,485      123,982    5,079,824
Net income (loss) and                                                      
 comprehensive income                                                      
 (loss)                   13,850,503  (12,055,028)  (8,103,935) (12,254,468)
Net Income (loss) and                                                      
 comprehensive Income                                                      
 (loss) attributable to                                                    
 interest                 12,482,711     (915,207)   5,138,709     (915,207)
Net Income (loss) and                                                      
 comprehensive income                                                      
 (loss) attributable to                                                    
 common shareholders       1,367,792  (11,139,821) (13,242,644) (11,339,261)

Operating expenses increased by $1.2 million for the three months ended September 30, 2012 compared to the same period in the previous year due mainly to a $1.7 million increase in stock-based compensation.

Operating expenses decreased by $0.9 million for the nine months ended September 30, 2012 compared to the same period in the previous year due to a $7.0 million impairment of intangible exploration assets relating to Blocks 2/6 in Ethiopia in the second quarter of 2011 and reduced office and general costs of $0.5 million. These reductions were offset partially by a $3.1 million impairment of intangible exploration assets relating to Blocks 7 and 11 in Mali in the first quarter of 2012, an increase in professional fees in the second quarter of 2012 associated with previously completed farmout transactions and an increase of $1.0 million in stock-based compensation costs relating to options issued in the third quarter of 2012.

The gain relating to the acquisition of Lion Energy Corp. ("Lion") in the second quarter of 2011 was a result of the Company acquiring net working capital and intangible exploration assets in excess of the consideration issued. The consideration paid was valued at $21.7 million, net of AOC shares acquired, versus working capital acquired of $20.1 million, excluding the value of AOC shares held by Lion, and the fair market value of intangible assets acquired estimated at $5.7 million.

A $4.6 million dilution loss on the sale of a subsidiary was recognized during the third quarter of 2011 as a result of Africa Oil transferring its Puntland (Somalia) exploration assets to Horn. This transaction was recorded as a reverse acquisition.

Financial income and expense is made up of the following items:

                        Three months Three months  Nine months  Nine months
                               ended        ended        ended        ended
                           September    September    September    September 
                            30, 2012     30, 2011     30, 2012     30, 2011
Loss on marketable                                                         
 securities                        -     (395,800)    (123,982)    (540,475)
Fair value adjustment -                                                    
 warrants                 17,279,270    2,292,353    3,515,927    4,835,461
Fair value adjustment -                                                    
 convertible debt                  -            -            -    2,031,704
Interest and other                                                         
 income                       65,294      276,198      301,455      740,287
Foreign exchange gain                                                      
 (loss)                      550,446   (6,791,685)   1,685,463   (4,539,349)
Finance income            17,895,010    2,568,551    5,502,845    7,607,452
Finance expense                    -   (7,187,485)    (123,982)  (5,079,824)

The loss on revaluation of marketable securities is the result of a decrease in the value of 10 million shares held in Encanto Potash Corp. which were acquired as part of the acquisition of Lion. These shares were sold during the three months ended March 31, 2012.

At September 30, 2012, nil warrants were outstanding in AOC. The Company incurred a $17.3 million gain on the revaluation of Horn warrants during the third quarter of 2012 due to a significant decrease in the share price of Horn during the quarter.

The foreign exchange gains and losses are the direct result of changes in the value of the Canadian dollar in comparison to the US dollar. The Company's cash holdings are primarily in US and Canadian currency.

Consolidated Balance Sheets
(United States Dollars) 

                                                September 30,   December 31,
                                                        2012           2011
Current assets                                                             
  Cash and cash equivalents                    $  55,416,290  $ 109,558,445
  Marketable securities                                    -      2,605,745
  Accounts receivable                              1,456,973      2,717,024
  Prepaid expenses                                 1,032,990        599,727
                                                  57,906,253    115,480,941
Long-term assets                                                           
  Restricted cash                                  1,119,000      2,919,000
  Property and equipment                              75,626         39,395
  Intangible exploration assets                  271,718,237    185,671,962
                                                 272,912,863    188,630,357
Total assets                                   $ 330,819,116  $ 304,111,298
LIABILITIES AND EQUITY                                                     
Current liabilities                                                        
  Accounts payable and accrued liabilities     $  25,944,683  $  23,768,545
  Current portion of warrants                              -      1,512,811
                                                  25,944,683     25,281,356
Long-term liabilities                                                      
  Warrants                                           432,301      2,882,441
                                                     432,301      2,882,441
Total liabilities                                 26,376,984     28,163,797
Equity attributable to common shareholders                                 
  Share capital                                  331,942,635    306,509,909
  Contributed surplus                             11,011,565      8,425,304
  Deficit                                        (88,526,125)   (75,283,481)
                                                 254,428,075    239,651,732
  Non-controlling interest                        50,014,057     36,295,769
Total equity                                     304,442,132    275,947,501
Total liabilities and equity                   $ 330,819,116  $ 304,111,298

The increase in total assets from December 31, 2011 to September 30, 2012 is primarily attributable to intangible exploration expenditures incurred during the quarter, a significant portion of which related to drilling of the Ngamia-1 and Twiga South-1 well in Kenya and the Shabeel-1 and Shabeel North-1 wells in Puntland (Somalia).

Consolidated Statement of Cash Flows
(United States Dollars)

                  Three months   Three months    Nine months    Nine months
                         ended          ended          ended          ended
                  September 30,  September 30,  September 30,  September 30,
                          2012           2011           2012           2011
Cash flows                                                                 
 provided by                                                               
 (used in):                                                                
 Net income                                                                
  (loss) and                                                               
  income (loss)                                                            
  for the                                                                  
  period         $  13,850,503  $ (12,055,028) $  (8,103,935) $ (12,254,468)
 Items not                                                                 
   compensation      2,572,472        908,550      3,789,266      2,790,484
   expense             465,153              -      3,763,154              -
  Depreciation          11,312          8,480         36,814         41,739
  Loss on                                                                  
   securities                -        395,800        123,982        540,475
  Gain on                                                                  
   of Lion                                                                 
   Energy                    -              -              -     (4,143,051)
  Impairment of                                                            
   assets                    -              -      3,114,858      6,969,413
  Dilution loss                                                            
   on sale of                                                              
   subsidiary                -      4,578,634              -      4,578,634
  Fair value                                                               
   adjustment -                                                            
   warrants        (17,279,270)    (2,292,353)    (3,515,927)    (4,835,461)
  Fair value                                                               
   adjustment -                                                            
   debt                      -              -              -     (2,031,704)
   (gain) loss         157,806      5,208,612        244,732      2,895,612
  Changes in                                                               
   capital            (486,538)      (624,677)    (1,271,221)      (392,721)
                      (708,562)    (3,871,982)    (1,818,277)    (5,841,048)
  Property and                                                             
   expenditures         (9,493)             -        (73,045)       (35,850)
   expenditures    (30,144,244)    (9,391,726)   (90,288,672)   (20,402,721)
   proceeds          1,127,539              -      1,127,539     14,900,160
  Cash received                                                            
   on business                                                             
   , net of                                                                
   cash issued               -              -              -     18,636,869
  Proceeds on                                                              
   disposal of                                                             
   Canmex, net                                                             
   in Horn                   -     29,923,128              -     29,923,128
  Proceeds from                                                            
   sale of                                                                 
   securities                -              -      2,441,678              -
  Changes in                                                               
   capital          (5,039,510)    (3,336,817)     4,224,737      3,973,884
                   (34,065,708)    17,194,585    (82,567,763)    46,995,470
  Common shares                                                            
   issued, net                                                             
   of issuance                                                             
   costs             4,365,990        259,129     28,599,122      3,019,716
  Repayment of                                                             
   portion of                                                              
   debt                      -              -              -       (411,220)
  Deposit of                                                               
   cash for                                                                
   guarantee                 -       (723,750)      (375,000)    (2,175,000)
  Release of                                                               
   guarantee           900,000      1,087,500      2,175,000      2,887,500
  Changes in                                                               
   capital                   -              -              -        168,569
                     5,265,990        622,879     30,399,122      3,489,565
Effect of                                                                  
 exchange rate                                                             
 changes on                                                                
 cash and cash                                                             
 denominated in                                                            
 currency             (108,396)    (5,036,635)      (155,237)    (2,766,787)
 (decrease) in                                                             
 cash and cash                                                             
 equivalents       (29,616,676)     8,908,847    (54,142,155)    41,877,200
Cash and cash                                                              
 beginning of                                                              
 period             85,032,966    109,094,187    109,558,445  $  76,125,834
Cash and cash                                                              
 end of period      55,416,290  $ 118,003,034     55,416,290  $ 118,003,034

The decrease in cash in 2012 is mainly the result of intangible exploration expenditures and operating expenses offset partially by funds raised on the exercise of warrants, the non-brokered private placement completed by Horn and the proceeds from the Block 12A farmout to Tullow.

Consolidated Statement of Equity
(United States Dollars)

                                                September 30,  September 30,
                                                        2012           2011
Share capital:                                                             
  Balance, beginning of period                 $ 306,509,909  $ 163,231,076
  Acquisition of Centric Energy                            -     60,165,193
  Acquisition of Lion Energy, net of AOC                                   
   shares acquired                                         -     21,561,185
  Issued on conversion of convertible                                      
   debenture                                               -     52,214,817
  Amended farmout agreement with Lion Energy               -      5,274,675
  Exercise of warrants                            14,339,826      3,023,756
  Farmout agreement finder's fees                          -        166,858
  Shares issued in lieu of professional fees       3,763,154              -
  Exercise of options                              7,329,746        872,349
  Balance, end of period                         331,942,635    306,509,909
Contributed surplus:                                                       
  Balance, beginning of period                 $   8,425,304  $   4,391,940
  Expiration of warrants                                   -          3,676
  Exercise of Horn warrants                        1,147,884              -
  Acquisition of Lion Energy                               -        110,606
  Stock based compensation                         3,789,266      2,790,484
  Issuance of shares in lieu of finder's fee               -       (166,858)
  Exercise of options                             (2,350,889)      (262,500)
  Balance, end of period                          11,011,565      6,867,348
  Balance, beginning of period                 $ (75,283,481) $ (56,570,350)
  Dilution loss through equity                             -     (8,069,447)
  Net loss and comprehensive loss                                          
   attributable to common shareholders           (13,242,644)   (11,339,261)
  Balance, end of period                         (88,526,125)   (75,979,058)
  Total equity attributable to common                                      
   shareholders                                $ 254,428,075    237,398,199
Non-controlling interest:                                                  
  Balance, beginning of period                 $  36,295,769  $           -
  Non-controlling interest on disposal of                                  
   Canmex                                                  -     34,604,620
  Non-controlling interest on issuance of                                  
   Horn shares                                     8,579,579              -
  Net income (loss) and comprehensive income                               
   (loss) attributable to non-controlling                                  
   interest                                        5,138,709       (915,207)
  Balance, end of period                          50,014,057     33,689,413
  Total equity                                 $ 304,442,132  $ 271,087,612

The Company's consolidated financial statements, notes to the financial statements, management's discussion and analysis for the three month and nine months ended September 30, 2012 and the 2011 Annual Information Form have been filed on SEDAR ( and are available on the Company's website (


The Ngamia-1 light oil discovery in the Lokichar sub-basin of tertiary rift on Block 10BB (Kenya) led to a significant increase in the pace of exploration. The Company and its joint venture partner Tullow sourced an additional two drilling rigs. One rig was mobilized to Block 10A (Kenya) in the quarter and commenced drilling the Paipai prospect and an additional rig is currently being mobilized to the South Omo Block (Ethiopia) to commence drilling the Sabisa-1 prospect. The Weatherford rig which drilled Ngamia-1 continued with drilling operations in the Lokichar sub-basin of the Tertiary Rift where the Twiga South-1 prospect has recently encountered oil. Drilling of Twiga South-1 is ongoing and an announcement on the well results is expected late-November after target depth has been achieved and necessary sampling and analysis has been completed. The Company expects to have three rigs operating in its Kenyan and Ethiopian acreage prior to the end of 2012.

Based on the encouragement provided by the Shabeel wells, the Company and its partners entered the next exploration period in both the Dharoor Valley and Nugaal Valley PSAs which carry a commitment to drill one well in each block within an additional three year term. The current operational plan is to contract a seismic crew to acquire additional data in the Dharoor Valley block and to hold discussions with the Puntland Government regarding drill ready prospects in the Nugaal Valley block. The focus of the Dharoor Valley block seismic program will be to delineate new structural prospects for the upcoming drilling campaign.

Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Ethiopia and Mali as well as Puntland (Somalia) through its 45% equity interest in Horn Petroleum Corporation. Africa Oil's East African holdings are in within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 300,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. Two new significant discoveries have been announced in the Lockichar basin in which the Company holds a 50% interest along with operator Tullow Oil plc. The Company is listed on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under the symbol "AOI".


Certain statements made and information contained herein constitute "forward-looking information" (within the meaning of applicable Canadian securities legislation). Such statements and information (together, "forward looking statements") relate to future events or the Company's future performance, business prospects or opportunities. Forward-looking statements include, but are not limited to, statements with respect to estimates of reserves and or resources, future production levels, future capital expenditures and their allocation to exploration and development activities, future drilling and other exploration and development activities, ultimate recovery of reserves or resources and dates by which certain areas will be explored, developed or reach expected operating capacity, that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

All statements other than statements of historical fact may be forward-looking statements. Statements concerning proven and probable reserves and resource estimates may also be deemed to constitute forward-looking statements and reflect conclusions that are based on certain assumptions that the reserves and resources can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. These forward-looking statements involve risks and uncertainties relating to, among other things, changes in oil prices, results of exploration and development activities, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government or other regulatory approvals, actual performance of facilities, availability of financing on reasonable terms, availability of third party service providers, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual results may differ materially from those expressed or implied by such forward-looking statements.


Keith C. Hill, President and CEO

Africa Oil's Certified Advisor on NASDAQ OMX First North is Pareto Ohman AB.

Neither the TSX Venture Exchange nor its Regulation Services Pareto Provider Ohman (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
The broad selection of hardware, the rapid evolution of operating systems and the time-to-market for mobile apps has been so rapid that new challenges for developers and engineers arise every day. Security, testing, hosting, and other metrics have to be considered through the process. In his session at Big Data Expo, Walter Maguire, Chief Field Technologist, HP Big Data Group, at Hewlett-Packard, will discuss the challenges faced by developers and a composite Big Data applications builder, focusing on how to help solve the problems that developers are continuously battling.
Nowadays, a large number of sensors and devices are connected to the network. Leading-edge IoT technologies integrate various types of sensor data to create a new value for several business decision scenarios. The transparent cloud is a model of a new IoT emergence service platform. Many service providers store and access various types of sensor data in order to create and find out new business values by integrating such data.
NHK, Japan Broadcasting will feature upcoming @ThingsExpo Silicon Valley in a special IoT documentary which will be filmed on the expo floor November 3 to 5, 2015 in Santa Clara. NHK is the sole public TV network in Japan equivalent to BBC in UK and the largest in Asia with many award winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology covering @ThingsExpo Silicon Valley. The program will be aired during the highest viewership season of the year that it will have a high impact in the industry through this documentary in Japan. The film...
SYS-CON Events announced today that Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions, has been named “Bronze Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Luxoft’s software development services consist of core and mission-critical custom software development and support, product engineering and testing, and technology consulting.
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of at least three separate application components: the software embedded in the device, the backend big-data service, and the mobile application for the end user's controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target - this makes the integration of these separate pipelines and the coordination of software upd...
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
In his session at @ThingsExpo, Tony Shan, Chief Architect at CTS, will explore the synergy of Big Data and IoT. First he will take a closer look at the Internet of Things and Big Data individually, in terms of what, which, why, where, when, who, how and how much. Then he will explore the relationship between IoT and Big Data. Specifically, he will drill down to how the 4Vs aspects intersect with IoT: Volume, Variety, Velocity and Value. In turn, Tony will analyze how the key components of IoT influence Big Data: Device, Connectivity, Context, and Intelligence. He will dive deep to the matrix...
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT’s direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Building actually breathes - immediately flagging overheating in a closet or over cooling in unoccupied ho...
SYS-CON Events announced today that Cloud Raxak has been named “Media & Session Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Raxak Protect automates security compliance across private and public clouds. Using the SaaS tool or managed service, developers can deploy cloud apps quickly, cost-effectively, and without error.
Scott Guthrie's keynote presentation "Journey to the intelligent cloud" is a must view video. This is from AzureCon 2015, September 29, 2015 I have reproduced some screen shots in case you are unable to view this long video for one reason or another. One of the highlights is 3 datacenters coming on line in India.
“The Internet of Things transforms the way organizations leverage machine data and gain insights from it,” noted Splunk’s CTO Snehal Antani, as Splunk announced accelerated momentum in Industrial Data and the IoT. The trend is driven by Splunk’s continued investment in its products and partner ecosystem as well as the creativity of customers and the flexibility to deploy Splunk IoT solutions as software, cloud services or in a hybrid environment. Customers are using Splunk® solutions to collect and correlate data from control systems, sensors, mobile devices and IT systems for a variety of Ind...
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the cloud and the best price/performance value available. ProfitBricks was named one of the coolest Clo...
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Clearly the way forward is to move to cloud be it bare metal, VMs or containers. One aspect of the current public clouds that is slowing this cloud migration is cloud lock-in. Every cloud vendor is trying to make it very difficult to move out once a customer has chosen their cloud. In his session at 17th Cloud Expo, Naveen Nimmu, CEO of Clouber, Inc., will advocate that making the inter-cloud migration as simple as changing airlines would help the entire industry to quickly adopt the cloud without worrying about any lock-in fears. In fact by having standard APIs for IaaS would help PaaS expl...
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastructure for security, redundancy, performance, etc. In his session at 17th Cloud Expo, Emil Sayegh, CEO of Codero Hosting, will discuss how in order to resolve the inherent issues, companies need to combine dedicated and cloud solutions through hybrid hosting – a sustainable solution for the data required to manage I...
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Bradley Holt, Developer Advocate at IBM Cloud Data Services, will demonstrate techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user experience, both offline and online. The focus of this talk will be on IBM Cloudant, Apa...
Mobile messaging has been a popular communication channel for more than 20 years. Finnish engineer Matti Makkonen invented the idea for SMS (Short Message Service) in 1984, making his vision a reality on December 3, 1992 by sending the first message ("Happy Christmas") from a PC to a cell phone. Since then, the technology has evolved immensely, from both a technology standpoint, and in our everyday uses for it. Originally used for person-to-person (P2P) communication, i.e., Sally sends a text message to Betty – mobile messaging now offers tremendous value to businesses for customer and empl...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
SYS-CON Events announced today that HPM Networks 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. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
The enterprise is being consumerized, and the consumer is being enterprised. Moore's Law does not matter anymore, the future belongs to business virtualization powered by invisible service architecture, powered by hyperscale and hyperconvergence, and facilitated by vertical streaming and horizontal scaling and consolidation. Both buyers and sellers want instant results, and from paperwork to paperless to mindless is the ultimate goal for any seamless transaction. The sweetest sweet spot in innovation is automation. The most painful pain point for any business is the mismatch between supplies a...