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Check Point Software Technologies Reports Fourth Quarter and Full Year 2012 Financial Results

SAN CARLOS, CA -- (Marketwire) -- 01/23/13 -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP)

Full Year 2012:

  • Total Revenues: $1,342.7 million, representing an 8 percent increase year over year
  • Non-GAAP Operating Income: $798.9 million, representing 59 percent of revenues versus 58 percent year over year
  • Non-GAAP EPS: $3.19, representing an 11 percent increase year over year
  • Cash Flow From Operations: $815.8 million, representing a 14 percent increase year over year
  • Share Repurchase Program: $466.2 million, representing a 55 percent increase year over year

Fourth Quarter 2012:

  • Total Revenues: $368.6 million, representing a 3 percent increase year over year
  • Non-GAAP Operating Income: $222.9 million, representing 60 percent of revenues, same as last year
  • Non-GAAP EPS: $0.91, representing an 8 percent increase year over year
  • Cash Flow From Operations: $202.4 million, representing a 17 percent increase year over year

Check Point® Software Technologies Ltd. (NASDAQ: CHKP), the worldwide leader in securing the Internet, today announced financial results for the fourth quarter and full-year ending December 31, 2012.

"Throughout 2012, customers continued to adopt the Software Blades Architecture and further consolidated their security infrastructure with our new appliance portfolio. Revenues from software blades had a significant contribution to our growth with over a 50% increase this year. Overall financial results were good with non-GAAP EPS growth of 11 percent for the year. Cash flow from operations reached $816 million dollars representing 14 percent growth for the year. In the fourth quarter, cash flow from operations was $202 million dollars representing 17 percent growth," said Gil Shwed, founder, chairman and chief executive officer at Check Point Software Technologies.

Financial Highlights for the Fourth Quarter of 2012

  • Total Revenues: $368.6 million, an increase of 3 percent, compared to $356.8 million in the fourth quarter of 2011.
  • GAAP Operating Income: $210.5 million, an increase of 9 percent, compared to $192.6 million in the fourth quarter of 2011. GAAP operating margin was 57 percent, compared to 54 percent in the fourth quarter of 2011.
  • Non-GAAP Operating Income: $222.9 million, an increase of 4 percent, compared to $213.7 million in the fourth quarter of 2011. Non-GAAP operating margin was 60 percent, same as in the fourth quarter of 2011.
  • GAAP Net Income and Earnings per Diluted Share: GAAP net income was $174.0 million, an increase of 9 percent, compared to $159.8 million in the fourth quarter of 2011. GAAP earnings per diluted share were $0.85, an increase of 13 percent, compared to $0.75 in the fourth quarter of 2011.
  • Non-GAAP Net Income and Earnings per Diluted Share: Non-GAAP net income was $185.1 million, an increase of 4 percent, compared to $178.1 million in the fourth quarter of 2011. Non-GAAP earnings per diluted share were $0.91, an increase of 8 percent, compared to $0.84 in the fourth quarter of 2011.
  • Deferred Revenues: As of December 31, 2012, Check Point had deferred revenues of $589.7 million, an increase of 7 percent, compared to $552.2 million as of December 31, 2011.
  • Cash Flow: Cash flow from operations was $202.4 million, an increase of 17 percent, compared to $173.2 million in the fourth quarter of 2011.
  • Share Repurchase Program: During the fourth quarter of 2012, the company repurchased 3.6 million shares at a total cost of $160.1 million.
  • Cash Balances and Marketable Securities: $3,295.4 million as of December 31, 2012, an increase of $416.0 million, compared to $2,879.4 million as of December 31, 2011.

Financial Highlights for the Year Ended December 31, 2012

  • Total Revenues: $1,342.7 million, an increase of 8 percent, compared to $1,247.0 million in 2011.
  • GAAP Operating Income: $746.5 million, an increase of 16 percent, compared to $642.2 in 2011. GAAP operating margin was 56 percent, compared to 51 percent in 2011.
  • Non-GAAP Operating Income: $798.9 million, an increase of 10 percent, compared to $725.9 million in 2011. Non-GAAP operating margin was 59 percent, compared to 58 percent in 2011.
  • GAAP Net Income and Earnings per Diluted Share: GAAP net income was $620.0 million, an increase of 14 percent, compared to $544.0 million in 2011. GAAP earnings per diluted share were $2.96, an increase of 17 percent, compared to $2.54 in 2011.
  • Non-GAAP Net Income and Earnings per Diluted Share: Non-GAAP net income was $667.9 million, an increase of 9 percent, compared to $613.6 million in 2011. Non-GAAP earnings per diluted share were $3.19, an increase of 11 percent, compared to $2.87 in 2011.
  • Cash Flow: Cash flow from operations was $815.8 million, an increase of 14 percent, compared to $714.9 million in 2011.
  • Share Repurchase Program: The Company repurchased 9.5 million shares at a total cost of $466.2 million during 2012.

For information regarding the non-GAAP financial measures discussed in this release, please see "Use of Non-GAAP Financial Information" and "Reconciliation of GAAP to Non-GAAP Financial Information."

2012 Business Highlights
Over the course of 2012, Check Point introduced new and innovative products focused on fighting cyber threats and making enterprises more secure including:

  • Check Point ThreatCloud™ - The first collaborative network to fight cybercrime. ThreatCloud gathers attack data from thousands of gateways and sensors around the world and distributes the intelligence to participating security gateways. In the fourth quarter, the company continued to expand the ThreatCloud offering with the introduction of new managed security services.
  • Anti-Bot Software Blade - The Anti-bot software blades address one of the key cyber threats used by the most sophisticated attacks. Bots are malicious software agents that hide inside personal computers awaiting instructions from their remote operators. They are utilized to steal data and attack other computers as well as other malicious activities. The anti-bot software blades detect the bot presence on the network using a multi-dimensional approach and block their activity.
  • New Appliance Product Line Transition - Over 90 percent of appliances sold during the fourth quarter were from the new appliance product line. Our 2012 Appliances models are optimized for Check Point's Software Blade Architecture™ and deliver approximately three times the performance of previous generations.
  • New Secure OS (GAiA) - GAiA is our new secure operating system that unifies the operations of the company's new and existing appliances, integrating the functions and features of multiple product lines.
  • Software Version R74.40 - New software version for the company's core network security products. This version includes more than 100 new features, including the Anti-Bot Software Blade and an updated version of the company's Anti-Virus Software Blades powered by Check Point ThreatCloud.
  • Check Point Virtual Systems - New solution for private cloud environments and data centers that enables the consolidation of up to 250 security gateways on a single hardware platform.
  • DDoS Protector™ Appliances - Check Point expanded into a new and critical security market segment. These new solutions combat a wide range of Distributed Denial of Service (DDoS) attacks and are integrated with the Check Point Security Management environment.
  • Security Acceleration Module - The Security Acceleration Module with advanced SecurityCore™ technology enables customers in high-performance and low latency environments, such as financial trading floors, to significantly boost network performance by accelerating key security operations. Customers are able to achieve 110 Gbps of firewall throughput and sub-five micro second (5 µs) latency - enabling the industry's highest-performing two rack-unit firewall.

Industry Accolades & New Research:
Check Point continued to receive industry recognition and published a whitepaper on a new attack, including:

  • Top Position in Worldwide Combined Firewall and UTM Appliance Market - Check Point is positioned as the number one vendor in worldwide combined Firewall and UTM appliance revenue for Q2 2012 according to the IDC Worldwide Q2 2012 Security Appliance Tracker.
  • Leader in Gartner's Magic Quadrant for Mobile Data Protection - Check Point is recognized as a leader for its ability to encrypt data and secure mobile endpoints.
  • 2012 Frost & Sullivan Asia Pacific ICT Award - Named "Network Security Vendor of the Year." This is the third time that Check Point has received this prestigious distinction.
  • MIS Asia Top 100, Singapore - Global Top 75 IT Vendors.
  • IT Pro Editor's Choice 2012 Hong Kong - Check Point DDoS Protector Appliance and Check Point Threat Prevention Gateway
  • SMB World Awards 2012, Hong Kong - Check Point DDoS Protector Appliance
  • New Eurograbber Attack - Check Point along with Versafe, uncovered a highly sophisticated attack, called Eurograbber, which was used to steal millions from corporate and private banking customers across Europe. The two companies published "A Case Study of Eurograbber: How 36 million euros was stolen via malware."

"During the year, we expanded the power of the Software Blades Architecture by introducing the Check Point ThreatCloud, the industry's first collaborative network to fight cyber threats globally with thousands of gateways worldwide that contribute attack information into ThreatCloud. In 2013, we will continue to innovate and extend our leadership, focusing on threat prevention and mobile security," said Gil Shwed, founder, chairman and chief executive officer at Check Point Software Technologies.

First Quarter Investor Conference Participation Schedule:

  • Stifel Nicolaus Technology & Telecommunications Conference
    February 6, 2013 - San Francisco, CA
  • Goldman Sachs Technology & Internet Conference
    February 13, 2013 - San Francisco, CA
  • Morgan Stanley Global Technology, Media and Telecommunications Conference
    February 25, 2013 - San Francisco, CA
  • Raymond James 33rd Annual Institutional Investor Conference
    March 4, 2013 - Orlando, FL
  • UBS Technology Conference
    March 13, 2013 - London, UK

Members of Check Point's management team will present at these conferences and discuss the latest company strategies and initiatives. Check Point's conference presentations are expected to be available via webcast on the company's web site. To view these presentations and access the most updated information please visit the company's web site at www.checkpoint.com/ir. The schedule is subject to change.

Conference Call and Webcast Information
Check Point will host a conference call with the investment community on January 23, 2013 at 8:30 AM ET/5:30 AM PST. To listen to the live webcast, please visit the website at: www.checkpoint.com/ir. A replay of the conference call will be available through January 30, 2013 on the company's website or by telephone at +1.201.612.7415, replay ID number 407539.

About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com), the worldwide leader in securing the Internet, provides customers with uncompromised protection against all types of threats, reduces security complexity and lowers total cost of ownership. Check Point first pioneered the industry with FireWall-1 and its patented stateful inspection technology. Today, Check Point continues to develop new innovations based on the Software Blade Architecture, providing customers with flexible and simple solutions that can be fully customized to meet the exact security needs of any organization. Check Point is the only vendor to go beyond technology and define security as a business process. Check Point 3D Security uniquely combines policy, people and enforcement for greater protection of information assets and helps organizations implement a blueprint for security that aligns with business needs. Customers include tens of thousands of organizations of all sizes, including all Fortune and Global 100 companies. Check Point's award-winning ZoneAlarm solutions protect millions of consumers from hackers, spyware and identity theft.

©2013 Check Point Software Technologies Ltd. All rights reserved

Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations that, in 2013, we will continue the focus on threat prevention with further expansion of our mobile security offerings and will continue to innovate and lead the internet security industry. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include our ability to continue to develop platform capabilities and solutions; customer acceptance and purchase of our existing solutions and new solutions; the market for IT security continuing to develop; competition from other products and services; and general market, political, economic and business conditions. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 9, 2012. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Check Point uses non-GAAP measures of net income, operating income, operating margin and earnings per share, which are adjustments from results based on GAAP to exclude non-cash equity-based compensation charges, amortization of acquired intangible assets, loss (gain) on sale of marketable securities previously impaired, and the related tax affects. Check Point's management believes the non-GAAP financial information provided in this release is useful to investors' understanding and assessment of Check Point's ongoing core operations and prospects for the future. Historically, Check Point has also publicly presented these supplemental non-GAAP financial measures in order to assist the investment community to see the Company "through the eyes of management," and thereby enhance understanding of its operating performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors.




                   CHECK POINT SOFTWARE TECHNOLOGIES LTD.
                      CONSOLIDATED STATEMENT OF INCOME

                  (In thousands, except per share amounts)

                                Three Months Ended          Year Ended
                             ----------------------- -----------------------
                                   December 31,            December 31,
                             ----------------------- -----------------------
                                 2012        2011        2012        2011
                             ----------- ----------- ----------- -----------
                             (unaudited) (unaudited) (unaudited)  (audited)
Revenues:
  Products and licenses      $   150,907 $   158,229 $   505,280 $   503,475
  Software updates,
   maintenance and
   subscription                  217,667     198,529     837,415     743,511
                             ----------- ----------- ----------- -----------
Total revenues                   368,574     356,758   1,342,695   1,246,986
                             ----------- ----------- ----------- -----------

Operating expenses:
  Cost of products and
   licenses                       26,216      25,648      87,097      81,043
  Cost of software updates,
   maintenance and
   subscription                   17,918      17,483      68,082      63,469
  Amortization of technology         294       7,623       3,982      31,171
                             ----------- ----------- ----------- -----------
Total cost of revenues            44,428      50,754     159,161     175,683

  Research and development        29,290      26,917     111,911     110,147
  Selling and marketing           65,930      68,414     255,345     253,800
  General and administrative      18,455      18,062      69,743      65,182
                             ----------- ----------- ----------- -----------
Total operating expenses         158,103     164,147     596,160     604,812
                             ----------- ----------- ----------- -----------

Operating income                 210,471     192,611     746,535     642,174
Financial income, net              9,644      10,041      40,332      41,040
                             ----------- ----------- ----------- -----------
Income before taxes on
 income                          220,115     202,652     786,867     683,214
Taxes on income                   46,129      42,840     166,867     139,248
                             ----------- ----------- ----------- -----------
Net income                   $   173,986 $   159,812 $   620,000 $   543,966
                             =========== =========== =========== ===========

Earnings per share (basic)   $      0.87 $      0.78 $      3.04 $      2.63
                             =========== =========== =========== ===========
Number of shares used in
 computing earnings per
 share (basic)                   200,230     206,083     203,918     206,917
                             =========== =========== =========== ===========

Earnings per share (diluted) $      0.85 $      0.75 $      2.96 $      2.54
                             =========== =========== =========== ===========
Number of shares used in
 computing earnings per
 share (diluted)                 204,258     212,807     209,170     213,922
                             =========== =========== =========== ===========


                   CHECK POINT SOFTWARE TECHNOLOGIES LTD.
          RECONCILIATION OF GAAP TO NON GAAP FINANCIAL INFORMATION
                  (In thousands, except per share amounts)

                            Three Months Ended            Year Ended
                         ------------------------  ------------------------
                               December 31,              December 31,
                         ------------------------  ------------------------
                             2012         2011         2012         2011
                         -----------  -----------  -----------  -----------
                         (unaudited)  (unaudited)  (unaudited)  (unaudited)

GAAP operating income    $   210,471  $   192,611  $   746,535  $   642,174
Stock-based compensation
 (1)                          11,552       10,195       45,287       39,835
Amortization of
 intangible assets (2)           922       10,848        7,028       43,925
                         -----------  -----------  -----------  -----------
Non-GAAP operating
 income                  $   222,945  $   213,654  $   798,850  $   725,934
                         ===========  ===========  ===========  ===========

GAAP net income          $   173,986  $   159,812  $   620,000  $   543,966
Stock-based compensation
 (1)                          11,552       10,195       45,287       39,835
Amortization of
 intangible assets (2)           922       10,848        7,028       43,925
Gain on sale of
 marketable securities,
 previously impaired (3)           -            -            -       (2,017)
Taxes on the above items
 (4)                          (1,359)      (2,742)      (4,372)     (12,120)
                         -----------  -----------  -----------  -----------
Non-GAAP net income      $   185,101  $   178,113  $   667,943  $   613,589
                         ===========  ===========  ===========  ===========

GAAP Earnings per share
 (diluted)                      0.85  $      0.75  $      2.96  $      2.54
Stock-based compensation
 (1)                            0.06         0.05         0.22         0.19
Amortization of
 intangible assets (2)          0.01         0.05         0.03         0.21
Gain on sale of
 marketable securities,
 previously impaired (3)           -            -            -        (0.01)
Taxes on the above items
 (4)                           (0.01)       (0.01)       (0.02)       (0.06)
                         -----------  -----------  -----------  -----------
Non-GAAP Earnings per
 share (diluted)         $      0.91  $      0.84  $      3.19  $      2.87
                         ===========  ===========  ===========  ===========

Number of shares used in
 computing Non-GAAP
 earnings per share
 (diluted)                   204,258      212,807      209,170      213,922
                         ===========  ===========  ===========  ===========

(1) Stock-based
 compensation:
  Cost of products and
   licenses              $        18  $        17  $        68  $        58
  Cost of software
   updates, maintenance
   and subscriptions             222          229          761          909
  Research and
   development                 2,090        1,852        8,594        7,471
  Selling and marketing        2,404        1,979        9,677        7,888
  General and
   administrative              6,818        6,118       26,187       23,509
                         -----------  -----------  -----------  -----------
                              11,552       10,195       45,287       39,835
                         -----------  -----------  -----------  -----------

(2) Amortization of
 intangible assets:

  Amortization of
   technology - cost of
   revenues                      294        7,623        3,982       31,171
  Selling and marketing          628        3,225        3,046       12,754
                         -----------  -----------  -----------  -----------
                                 922       10,848        7,028       43,925
                         -----------  -----------  -----------  -----------

(3) Gain on sale of
 marketable securities,
 previously impaired               -            -            -       (2,017)
                         -----------  -----------  -----------  -----------

(4) Taxes on the above
 items                        (1,359)      (2,742)      (4,372)     (12,120)
                         -----------  -----------  -----------  -----------

Total, net               $    11,115  $    18,301  $    47,943  $    69,623
                         ===========  ===========  ===========  ===========

* Year ended December 31, 2011 include a non-cash gain of $ 2.0 million related to our marketable securities in accordance with ASC 320.


                   CHECK POINT SOFTWARE TECHNOLOGIES LTD.
                 CONDENSED CONSOLIDATED BALANCE SHEET DATA

                               (In thousands)

                                   ASSETS

                                                 December 31,  December 31,
                                                     2012          2011
                                                 ------------  ------------
                                                  (unaudited)    (audited)
Current assets:
Cash and cash equivalents                        $    574,802  $    493,546
Marketable securities and short-term deposits         928,535       865,994
Trade receivables, net                                373,755       357,418
Prepaid expenses and other current assets              47,827        53,045
                                                 ------------  ------------
Total current assets                                1,924,919     1,770,003
                                                 ------------  ------------

Long-term assets:
Marketable securities                               1,792,027     1,519,865
Property and equipment, net                            36,973        36,639
Severance pay fund                                      6,038         6,052
Deferred tax asset, net                                25,553        25,296
Other intangible assets, net                           19,211        26,239
Goodwill                                              727,875       727,875
Other assets                                           19,797        16,094
                                                 ------------  ------------
Total long-term assets                              2,627,474     2,358,060
                                                 ------------  ------------

Total assets                                     $  4,552,393  $  4,128,063
                                                 ============  ============

                              LIABILITIES AND
                            SHAREHOLDERS' EQUITY

Current liabilities:
Deferred revenues                                $    524,627  $    490,655
Trade payables and other accrued liabilities          346,568       271,815
                                                 ------------  ------------
Total current liabilities                             871,195       762,470
                                                 ------------  ------------

Long-term deferred revenues                            65,063        61,523
Income tax accrual                                    259,547       219,469
Deferred tax liability, net                                 -         1,274
Accrued severance pay                                  10,279        10,236
                                                 ------------  ------------
                                                      334,889       292,502

                                                 ------------  ------------
Total liabilities                                   1,206,084     1,054,972
                                                 ------------  ------------

Shareholders' equity:
Share capital                                             774           774
Additional paid-in capital                            693,212       630,508
Treasury shares at cost                            (1,955,328)   (1,543,886)
Accumulated other comprehensive income                 14,606        12,650
Retained earnings                                   4,593,045     3,973,045
                                                 ------------  ------------
Total shareholders' equity                          3,346,309     3,073,091
                                                 ------------  ------------
Total liabilities and shareholders' equity       $  4,552,393  $  4,128,063
                                                 ============  ============
Total cash and cash equivalents, marketable
 securities and short-term deposits              $  3,295,364  $  2,879,405
                                                 ============  ============

                   CHECK POINT SOFTWARE TECHNOLOGIES LTD.
                    SELECTED CONSOLIDATED CASH FLOW DATA

                               (In thousands)

                          Three Months Ended            Year Ended
                       ------------------------  ------------------------
                             December 31,              December 31,
                       ------------------------  ------------------------
                           2012         2011         2012         2011
                       -----------  -----------  -----------  -----------
                       (unaudited)  (unaudited)  (unaudited)  (unaudited)
  Cash flow from
   operating
   activities:

  Net income           $   173,986  $   159,812  $   620,000  $   543,966
  Adjustments to
   reconcile net
   income to net cash
   provided by
   operating
   activities:

  Depreciation of
   property and
   equipment                 1,851        2,260        7,861        7,620
  Amortization of
   intangible assets           922       10,848        7,028       43,925
  Stock-based
   compensation             11,552       10,195       45,287       39,835
  Increase in trade
   and other
   receivables, net       (126,966)    (156,527)     (11,746)     (78,590)
  Gain on sale of
   marketable
   securities,
   previously impaired           -            -            -       (2,017)
  Realized gain on
   marketable
   securities                 (943)        (208)      (1,436)        (672)
  Increase in deferred
   revenues, trade
   payables and other
   accrued liabilities     157,384      152,635      161,344      179,722
  Excess tax benefit
   from stock-based
   compensation             (9,510)      (3,208)     (11,129)      (7,956)
  Deferred income
   taxes, net               (5,828)      (2,581)      (1,453)     (10,959)
                       -----------  -----------  -----------  -----------
  Net cash provided by
   operating
   activities              202,448      173,226      815,756      714,874
                       -----------  -----------  -----------  -----------

  Cash flow from
   investing
   activities:
  Cash paid in
   conjunction with
   acquisitions, net
   of acquired cash              -      (15,060)           -      (21,616)
  Investment in
   property and
   equipment                (3,319)      (1,721)      (8,195)      (7,195)
                       -----------  -----------  -----------  -----------
  Net cash used in
   investing
   activities               (3,319)     (16,781)      (8,195)     (28,811)
                       -----------  -----------  -----------  -----------

  Cash flow from
   financing
   activities:
  Proceeds from
   issuance of shares
   upon exercise of
   options                   5,551       20,115       61,011       71,493
  Purchase of treasury
   shares                 (160,106)     (75,000)    (466,164)    (300,000)
  Excess tax benefit
   from stock-based
   compensation              9,510        3,208       11,129        7,956
                       -----------  -----------  -----------  -----------
  Net cash used in
   financing
   activities             (145,045)     (51,677)    (394,024)    (220,551)
                       -----------  -----------  -----------  -----------

  Unrealized gain
   (loss) on
   marketable
   securities, net          (5,504)      (1,833)       2,422       (1,053)
                       -----------  -----------  -----------  -----------

  Increase in cash and
   cash equivalents,
   marketable
   securities and
   short-term deposits      48,580      102,935      415,959      464,459

  Cash and cash
   equivalents,
   marketable
   securities and
   short-term deposits
   at the beginning of
   the period            3,246,784    2,776,470    2,879,405    2,414,946
                       -----------  -----------  -----------  -----------
  Cash and cash
   equivalents,
   marketable
   securities and
   short-term deposits
   at the end of the
   period              $ 3,295,364  $ 2,879,405  $ 3,295,364  $ 2,879,405
                       ===========  ===========  ===========  ===========

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The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nigeria has the largest economy in Africa, at more than US$500 billion, and ranks 23rd in the world. A recent re-evaluation of Nigeria's true economic size doubled the previous estimate, and brought it well ahead of South Africa, which is a member (unlike Nigeria) of the G20 club for political as well as economic reasons. Nigeria's economy can be said to be quite diverse from one point of view, but heavily dependent on oil and gas at the same time. Oil and natural gas account for about 15% of Nigera's overall economy, but traditionally represent more than 90% of the country's exports and as...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
"At our booth we are showing how to provide trust in the Internet of Things. Trust is where everything starts to become secure and trustworthy. Now with the scaling of the Internet of Things it becomes an interesting question – I've heard numbers from 200 billion devices next year up to a trillion in the next 10 to 15 years," explained Johannes Lintzen, Vice President of Sales at Utimaco, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...