Click here to close now.




















Welcome!

Microsoft Cloud Authors: Adine Deford, Elizabeth White, the Editor, Michael Krems, Xenia von Wedel

News Feed Item

Shikun & Binui Reports Third Quarter 2012 Results

AIRPORT CITY, Israel, November 25, 2012 /PRNewswire/ --


 

  • 9% Revenue Growth compared with Q3 last year - to NIS 1.4 billion
  • Cash Flows from Operating Activities totaled NIS 132 million, compared with NIS 49 million in Q3 last year

Ofer Kotler, CEO of Shikun & Binui: "The Group continues to develop its diverse growth engines. The results of these processes will bear fruit in the coming quarters and will support the creation of value for our shareholders."

Shikun & Binui Ltd. (TASE: SKBN.TA) ("Shikun & Binui" or the "Company"), a member of the Arison Group and Israel's leading infrastructure and real estate company,  announced today its results for the third  quarter ended September 30th, 2012.

Noteworthy events during and subsequent to the third quarter and key results:

  • The Group's orders backlog in the construction and infrastructure segments totaled NIS 10.5 billion at the end of the third quarter, of which NIS 7.7 billion ($2 billion) originates in the backlog of projects outside of Israel.
  • Shikun&Binui Solel Boneh Infrastructures further strengthened its leadership position in the infrastructures segment, and was awarded the tender for construction of the State Controller's Building in Jerusalem.  The project scope is NIS 126 million and is to be built in 33 months.
  • Shikun&Binui Solel Boneh SBI was awarded a roadwork project by the Nigerian Government, totaling $390 million with a construction period of approx. 3 years.
  • Shikun&Binui Real Estate sold 237 housing units in the third quarter of 2012 for a total of NIS 343 million.  In the first nine months of the year, 543 residential units were sold for a total of NIS 782 million.  
  • Shikun&Binui Renewable Energy began construction of three solar projects in the Negev, for production of 17 megawatts of electricity.  Furthermore, the acquisition of "Paz Solar", was completed.
  • In the termo-solar Ashalim Project, Abengoa a Spanish company is expected to replace Siemens as the partner in the project.
  • Concurrent with the approval of the financial statements for the third quarter, the Group's board of directors approved the distribution of a dividend to its shareholders of NIS 80 million. During 2012, the Group distributed dividends totaling NIS 250 million.
  • The Company submitted a bid in the concession tender for construction and operation of the State Archives.
  • The Group's bid as part of an international consortium in a tender in Texas, US, was not accepted.

Revenues from projects and sales totaled NIS 1.37 billion this quarter, growth of 8.7% compared with the third quarter of last year.

Most of the growth was driven by the revenues of the infrastructure and construction outside of Israel segment, with a growth of 21% compared with Q3 of 2011, reaching NIS 729 million.  The infrastructure and construction outside of Israel revenues were impacted by the shekel-dollar exchange rate which, in the third quarter of 2012, added NIS 80 million to revenues compared to the third quarter of last year.

The real estate development in Israel segment posted growth of 14.6% compared with the third quarter of last year, reaching NIS 228 million, driven mainly by the increase in the average price of an apartment that was delivered to customers.

The revenues of the concessions segment decreased to NIS 23 million (from NIS 85 million in Q3 of last year), due to completion of the BOT tender to rehabilitate roads in Northern Israel.

Gross profit totaled NIS 243 million (17.7% of revenues) this quarter, growth of 2.5% compared with the third quarter of 2011 (18.8% of revenues).  Growth of NIS 37 million in the gross profit of the real estate development in Israel segment was offset by a decrease in the gross profit of the real estate development outside of Israel segment (total of NIS 13 million), due to the impairment provision of NIS 14 million on land in Hungary and the decrease in the infrastructure and construction outside of Israel segment (totaling NIS 13 million).

Administrative and general expenses contracted in the quarter by 12% compared with Q3 of last year, to a total of NIS 80 million (5.8% of revenues).  The decrease was mainly due to the decline in expenses for the mega-tenders in which the Group participated, mainly in view of the deferral of the timetables by the procurers.

Other operating expenses totaled NIS 14 million, compared with NIS 1 million posted in the third quarter of 2011. The expenses derived from a NIS 6 million loss from the issuance of capital in ADO (an affiliate) to an institutional investor and from a NIS 7.2 million provision for balances whose realization is doubtful.

Operating profit totaled NIS 143 million (10.4% of revenues), growth of 4.5% compared with Q3 of 2011 (10.8% of revenues).  After neutralizing the other operating expenses posted by the Group during the quarter, operating profit totaled NIS 157 million (11.4% of revenues), growth of 13.8% compared with the third quarter of last year.

Net financing costs totaled NIS 43 million, compared with NIS 28 million in Q3 of last year, and were attributable mainly to long-term credit.

Group equity in losses of investees totaled NIS 10 million, compared with profit of NIS 4 million in the second quarter of 2011 that included a reversal of a provision in Gilatz Spanish PV project.

Net profit totaled NIS 71 million, compared with NIS 82 million in the third quarter of last year, which included income of NIS 18 million from the reversal of a provision for losses in Spain.  After neutralizing this income, net profit in Q3 of 2011 totaled NIS 64 million, and net profit in the reporting period posted growth of 11%.

Cash flows from operating activities totaled NIS 132 million.

Equity totaled NIS 1.2 billion on 30.9.12, compared with NIS 969 million at the end of 2011.

The Group does not revalue its investment property, which is presented in the financial statements at historical cost.

The Company has cash and cash equivalents balances totaling NIS 1 billion and an unutilized credit facility totaling NIS 791 million.

Total assets in the balance sheet amounted to NIS 10.3 billion.

Doron Balchar, Group's CFO: "The Group has strong financial resources, from operations and from the capital market.  We continue to benefit fromthe faith of investors and the capital market - our partners who enable us to propel the Group forward.

Condensed Results for the First Nine Months of 2012 (NIS millions):

                                          1-9/2012     1-9/2011
    Revenues                               4,700        3,927
                                            927          836
 
    Gross profit                           19.7%        21.3%
                           Gross margin
    Administrative and general expenses     247          256
    Other operating income (expenses)       (9)           77
                                            651          643
 
    Operating profit                       13.9%        16.4%
                Operating profit margin
    Taxes on income                        (135)        (119)
    Net profit                              367          375


About Shikun & Binui

Shikun & Binui, a member of the Arison Group, is the leading infrastructure and real estate company in Israel. The Group's subsidiaries have been operating since 1924. The Group's companies have gained extensive experience in complex construction and infrastructure projects in Israel and abroad. Shikun & Binui Group has proven achievements in building, residential neighborhoods, commercial and industrial buildings, as well as large-scale transportation, infrastructure and ecological projects, water purification and desalination and development of international projects. In addition, Shikun & Binui also operates in the initiating, planning, construction and operation of projects in renewable energy. Shikun & Binui is a leading, multi-faceted and socially responsible international group that produces balance between the business, social and environmental accomplishment. The group places emphasis on honesty, transparency, innovation, and excellence. The group has accepted upon itself a leadership role in creation of a sustainable and progressive life environment.

The above noted in this release includes forward-looking statements based on Company data, as well as Company plans and estimations based on this data. The activity, results and other data may be substantially different in reality given uncertainty and various risks, including those discussed under risk factors in the Company's financial statements and Director's reports.

 

Shikun & Binui Ltd.

Condensed Consolidated Interim Statement of Financial Position as at

    
                                                September September  December
                                                       30        30        31
                                                     2012      2011      2011
                                                       (Unaudited)   (Audited)
                                                      NIS       NIS       NIS
                                                thousands thousands thousands
    
    Assets
    Cash and cash equivalents                   1,059,749   999,868 1,255,476
    Bank deposits                                 152,866   205,692   148,320
    Short-term loans and investments              193,304    71,295   107,061
    Short-term loans to investee
    companies                                      14,649   259,413   139,266
    Trade receivables - accrued income          1,617,952 1,164,852 1,210,838
    Inventory of buildings held for
    sale                                        1,645,078 1,518,346 1,529,088
    Receivables and debit balances                298,189   342,537   261,329
    Other investments, including
    derivatives                                     2,797       916     1,375
    Current tax assets                             32,723    63,224    78,360
    Inventory                                     310,026   277,991   292,549
    Assets classified as held for sale              2,326     2,326     2,326
    Total current assets                        5,329,659 4,906,460 5,025,988
 
    Receivables in respect of
    concession
    arrangements                                  601,616   453,564   516,598
    Non-current inventory of land
    (freehold)                                    438,828   411,204   406,788
    Non-current inventory of land
    (leasehold)                                   386,932   317,989   334,090
    Investment property, net                      373,179   315,754   310,291
    Land rights                                    16,246    17,202    16,096
    Long-term prepaid expenses                      4,072     4,965     5,884
    Receivables, loans and deposits               323,538   173,570   284,353
    Investments in equity-accounted
    investees                                     526,456   585,876   562,240
    Loans to investee companies                   949,052   780,872   806,207
    Deferred tax assets                            91,261    88,545    93,518
    Property, plant and equipment, net          1,109,224 1,140,713 1,138,974
    Intangible assets, net                        125,618    95,235   106,419
    Total non-current assets                    4,946,022 4,385,489 4,581,458
 
    Total assets                               10,275,681 9,291,949 9,607,446


 


Condensed Consolidated Interim Statement of Financial Position as at (cont'd)

    
                                                 September September  December
                                                        30        30        31
                                                      2012      2011      2011
                                                        (Unaudited)   (Audited)
                                                       NIS       NIS       NIS
                                                 thousands thousands thousands
    
    Liabilities
    Short-term credit from banks and others      1,100,548   851,012   895,863
    Subcontractors and trade payables              977,971   981,298 1,009,226
    Short-term employee benefits                    45,825    54,198    63,952
    Payables and credit balances including
    derivatives                                    571,368   503,874   499,030
    Current tax liabilities                         96,890   123,337   107,204
    Provisions                                     379,187   227,132   271,701
    Payables - customer work orders                561,285   637,179   794,325
    Advances received from customers               963,548   918,680   901,049
    Dividend payable                                48,415         -    12,947
    Total current liabilities                    4,745,037 4,296,710 4,555,297
 
    Liabilities to banks and others              1,874,121 1,449,168 1,600,494
    Debentures                                   2,189,960 2,248,805 2,247,226
    Employee benefits                               93,878   135,650   112,005
    Deferred tax liabilities                        53,915    28,436    43,896
    Provisions                                      50,442    41,550    43,756
    Excess of accumulated losses over cost of
    investment
    and deferred credit balance in investee
    companies                                       38,460    31,277    35,388
    Total non-current liabilities                4,300,776 3,934,886 4,082,765
 
    Total liabilities                            9,045,813 8,231,596 8,638,062
 
    Equity
    Total equity attributable to owners
    of the Company                               1,077,703   950,288   864,593
    Non-controlling interests                      152,165   110,065   104,791
    Total equity                                 1,229,868 1,060,353   969,384
 
    Total liabilities and equity                10,275,681 9,291,949 9,607,446


 

 

Condensed Consolidated Interim Statement of Income

    
                                                                         For the
                       For the nine-month      For the three-month          year
                          period ended            period ended             ended
                                   September   September  September     December
                     September 30         30          30         30           31
                             2012       2011        2012       2011         2011
                           (Unaudited)             (Unaudited)         (Audited)
                              NIS        NIS         NIS        NIS          NIS
                        thousands  thousands   thousands  thousands    thousands
    
    Revenues from
    work
    performed and
    sales            4,700,152     3,927,283 1,371,302    1,261,672     5,335,126
 
    Cost of work
    performed                                                  
    and sales        3,773,106 (*) 3,091,016 1,128,733 (*)1,024,879 (*) 4,291,386
 
    Gross profit       927,046       836,267   242,569      236,793     1,043,740
 
    Gain on sale of
    investment
    property             4,902        10,403         -          869        50,819
    Selling and
    marketing                                                
    expenses           (24,965)  (*) (24,439)   (6,356)  (*)(10,644)   (*)(33,542)
    Administrative
    and general
    expenses          (246,848)     (256,297)  (80,079)     (91,223)     (342,880)
    Other operating
    income              16,152        88,486       763        2,932        89,760
    Other operating
    expenses           (25,415)      (11,866)  (14,329)      (2,273)       (8,351)
 
    Operating profit   650,872       642,554   142,568      136,454       799,546
 
    Financing income   160,579       168,630    62,918       55,875       179,588
    Financing
    expenses          (285,897)     (285,727) (106,089)     (83,481)     (346,407)
 
    Net financing
    expenses          (125,318)     (117,097)  (43,171)     (27,606)     (166,819)
 
    Share of profits
    (losses) of
    equity accounted
    investees
    (net of tax)       (23,036)      (31,541)   (9,806)       3,835       (44,593)
 
    Profit before
    taxes on income    502,518       493,916    89,591      112,683       588,134
    Taxes on income   (135,381)     (118,687)  (19,045)     (30,253)     (143,913)
 
    Profit for the
    period             367,137       375,229    70,546       82,430       444,221
 
    Attributable to:
    Owners of the
    Company            341,723       351,246    63,162       76,491       412,668
    Non-controlling
    interests           25,414        23,983     7,384        5,939        31,553
 
                       367,137       375,229    70,546       82,430       444,221
 
    Basic earnings
    per share
    (in NIS)              0.86          0.89      0.16         0.19          1.04
 
    Diluted earnings
    per share
    (in NIS)              0.86          0.88      0.16         0.19          1.03
 
    Number of shares
    used in the
    computation of
    basic earnings
    per share (in
    thousands)         397,986       396,460   398,033      397,896       396,882
 
    Number of shares
    used in the
    computation of
    diluted earnings
    per share (in
    thousands)         398,390       399,599   398,343      398,918       399,495



(*)    Reclassified

Operating Segments


   
                                  For the nine month period ended September 30, 2012
    
 
            Infrastructures
                        and   Infrastructures                 Real estate
               construction               and   Real estate   development
                 outside of      construction   development    outside of
                     Israel         in Israel     in Israel        Israel   Concessions
                                                 (Unaudited)
                                               NIS thousands
 
    Total
    external
    revenues      2,477,084         1,118,130       870,344        12,124       106,077
    Inter-segment
    revenues              -           232,868            57             -             -
 
    Total
    revenues      2,477,084         1,350,998       870,401        12,124       106,077
 
    Segment
    profit (loss)
    before
    income tax      380,082            43,134       272,006       (12,303)       41,729
 


(Table continued)


   
                              For the nine month period ended September 30, 2012
    
 
                    Renewable
                       energy     Water     Other   Adjustments   Consolidated
                                          (Unaudited)
                                         NIS thousands
    Total
    external
    revenues           87,573    28,820        -             -       4,700,152
    Inter-segment
    revenues                -         -        -      (232,925)              -
 
    Total
    revenues           87,573    28,820        -      (232,925)      4,700,152
 
    Segment
    profit (loss)
    before
    income tax        (21,520)  (11,249)  (2,234)     (187,127)        502,518



   
                                  For the nine month period ended September 30, 2011
    
 
            Infrastructures
                        and   Infrastructures                 Real estate
               construction               and   Real estate   development
                 outside of      construction   development    outside of
                     Israel         in Israel     in Israel        Israel   Concessions
                                                 (Unaudited)
                                               NIS thousands
     
    Total
    external
    revenues      2,042,419           850,829        698,533        3,681       229,520
    Inter-segment
    revenues              -           299,349          3,812            -             -
 
    Total
    revenues      2,042,419         1,150,178        702,345        3,681       229,520
 
    Segment
    profit (loss)
    before
    income tax      378,370            34,173        228,507       30,497        50,574
 


(Table continued)

   
   
                              For the nine month period ended September 30, 2011
    
 
                    Renewable
                       energy     Water     Other   Adjustments   Consolidated
                                          (Unaudited)
                                         NIS thousands
 
    Total
    external
    revenues           73,189    29,112         -             -      3,927,283
    Inter-segment
    revenues                -         -         -      (303,161)             -
 
    Total
    revenues           73,189    29,112         -      (303,161)     3,927,283
 
    Segment
    profit (loss)
    before
    income tax        (18,886)  (13,110)   (6,160)     (190,049)       493,916
 


 

Operating Segments (cont'd)


   
                                  For the three month period ended September 30, 2012
    
 
            Infrastructures
                        and   Infrastructures                 Real estate
               construction               and   Real estate   development
                 outside of      construction   development    outside of
                     Israel         in Israel     in Israel        Israel   Concessions
                                                 (Unaudited)
                                               NIS thousands
 
    Total
    external
    revenues        729,439           345,091       228,235         7,185        23,017
    Inter-segment
    revenues              -            89,051            19             -             -
 
    Total
    revenues        729,439           434,142       228,254         7,185        23,017
 
    Segment
    profit (loss)
    before
    income tax       90,936            10,381        76,572       (17,663)       15,690
 


(Table continued)


   
                              For the three month period ended September 30, 2012
    
 
                    Renewable
                       energy     Water     Other   Adjustments   Consolidated
                                          (Unaudited)
                                         NIS thousands
    
    Total
    external
    revenues           26,609    11,726         -             -      1,371,302
    Inter-segment
    revenues                -         -         -       (89,070)             -
 
    Total
    revenues           26,609    11,726         -       (89,070)     1,371,302
 
    Segment
    profit (loss)
    before
    income tax         (8,396)   (3,536)     (841)      (73,552)        89,591
 



   
                              For the three month period ended September 30, 2011
    
 
            Infrastructures
                        and   Infrastructures                 Real estate
               construction               and   Real estate   development
                 outside of      construction   development    outside of
                     Israel         in Israel     in Israel        Israel   Concessions
                                                 (Unaudited)
                                               NIS thousands
 
    Total
    external
    revenues        603,296           331,039        199,434         1,549       84,299
    Inter-segment
    revenues              -           109,448             22             -            -
 
    Total
    revenues        603,296           440,487        199,456         1,549       84,299
 
    Segment
    profit (loss)
    before
    income tax      103,553            11,155         51,338       (18,729)      11,899
 



(Table continued)


   
                             For the three month period ended September 30, 2011
    
 
                    Renewable
                       energy     Water     Other   Adjustments   Consolidated
                                          (Unaudited)
                                         NIS thousands
 
    Total
    external
    revenues           31,048    11,007         -             -      1,261,672
    Inter-segment
    revenues                -         -         -      (109,470)             -
 
    Total
    revenues           31,048    11,007         -      (109,470)     1,261,672
 
    Segment
    profit (loss)
    before
    income tax         10,900    (5,478)     (391)      (51,564)       112,683
 



Operating Segments (cont'd)

   
                               For the year ended December 31, 2011
    
 
            Infrastructures
                        and   Infrastructures                 Real estate
               construction               and   Real estate   development
                 outside of      construction   development    outside of
                     Israel         in Israel     in Israel        Israel   Concessions
                                                 (Audited)
                                               NIS thousands
 
    Total
    external
    revenues      2,726,917         1,238,429       935,907         4,858       227,361
    Inter-segment
    revenues              -           376,161         3,834             -             -
 
    Total
    revenues      2,726,917         1,614,590       939,741         4,858       277,361
 
    Segment
    profit (loss)
    before
    income tax      443,923            47,640       302,641           314        78,017
 


(Table continued)


    
                             For the year ended December 31, 2011    
 
                    Renewable
                       energy     Water     Other   Adjustments   Consolidated
                                          (Unaudited)
                                         NIS thousands
 
    Total
    external
    revenues          112,947    38,707         -             -      5,335,126
    Inter-segment
    revenues                -         -         -      (379,995)             -
 
    Total
    revenues          112,947    38,707         -      (379,995)     5,335,126
 
    Segment
    profit (loss)
    before
    income tax        (29,719)  (12,233)  (10,308)     (232,141)       588,134
 



 

 


    
    Company Contact:
    Doron Blachar, CFO
    Shikun & Binui 
    Tel: +972-3-630-1518 
    email: [email protected] 

    Investor Relations Contacts:
    Nava Ladin
    GK Investor Relations
    Tel: +972-3-6074717
    email: [email protected]


More Stories By PR Newswire

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

@ThingsExpo Stories
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...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, 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. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
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.
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.
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.
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,...
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...
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?
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...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
A producer of the first smartphones and tablets, presenter Lee M. Williams 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. In his session at @ThingsExpo, Lee Williams, COO of ETwater, 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.
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
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of IoT applications and projects. Business operations, IT, and data scientists need advanced analytics t...
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.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...