Click here to close now.

Welcome!

.NET Authors: Andy Jonak, Greg O'Connor, Jayaram Krishnaswamy, Adine Deford, Peter Silva

News Feed Item

Community National Bank Announces Earnings For Fourth Quarter Of 2012

GREAT NECK, N.Y., Jan. 23, 2013 /PRNewswire/ -- Community National Bank (SYMBOL: CBNY.OB) today announced fourth quarter and year-end results for 2012.  Highlights for the quarter and year include:

  • Net income of $692 thousand or $0.10 per share for the fourth quarter of 2012 compared to net income of $447 thousand or $0.07 per share for the same period in 2011. 
  • Net interest income increased 25% or $1.1 million to $5.6 million for the quarter ended December 31, 2012 compared to $4.5 million for the quarter ended December 31, 2011.
  • Return on average assets and equity of 0.42% and 3.88%, respectively, for the quarter ended December 31, 2012 compared to 0.35% and 2.62%, respectively, for the quarter ended December 31, 2011.
  • Commercial loans grew $101.1 million or 40% to $351.6 million at December 31, 2012 when compared to December 31, 2011.
  • On a linked quarter basis, commercial loans increased $52 million or 17% when compared to $299.6 million at September 30, 2012.
  • Deposits increased 32% or $138.1 million to $563.3 million at December 31, 2012 compared to $425.2 million at December 31, 2011.
  • Demand deposits increased $61.3 million or 65% from December 31, 2011 to $155.9 million at December 31, 2012.
  • Continued strong asset quality with non-performing assets to total assets of 0.22%, which is well below peer group average.
  • Significant capital strength with Tier 1 leverage, Tier 1 risk-based and total risk-based capital ratios of 10.35%, 13.85% and 15.10%, respectively, at December 31, 2012.

Stuart Lubow, Chairman, President and Chief Executive Officer of Community National Bank, commented, "The Bank continued to make tremendous strides in 2012. The prior year's investments in talented lending and retail personnel, our branch network and operational infrastructure have given us strong momentum to meet our strategic goals of becoming Long Island's premier community bank.  This momentum resulted in commercial loan growth of $52 million for the fourth quarter and over $100 million for the year.  The remarkable growth resulted from our continued focus on building relationships with small and medium sized businesses.  These relationships helped increase demand deposits to $155.9 million at December 31, 2012, an increase of $61.3 million or 65% increase compared to prior year end.  In addition, the growth in commercial loans increased net interest income by $4 million and improved the net interest margin during the year.  These banking relationships have increased core non-interest income.  Core non-interest income net of loan and securities gains, increased $0.4 million or 30% to $1.8 million during 2012."

(Photo: http://photos.prnewswire.com/prnh/20130123/NY46754 )

Earnings and Net Interest Income

Net income for the quarter ended December 31, 2012 was $692 thousand or $0.10 basic earnings per share compared to net income of $447 thousand or $0.07 basic earnings per share for the same period in 2011, an increase of $245 thousand or 55%.  Net income for the twelve months ended December 31, 2012 was $2.9 million or $0.43 basic earnings per share compared to net income of $2.3 million or $0.35 basic earnings per share for the same period in 2011, an increase of $0.6 million or 23%.

The increase in net income for the three and twelve months ended December 31, 2012 was attributable to higher net interest income from commercial loan growth and lower provision for loan losses, which were partially offset by higher non-interest expenses associated with two new branch locations and increased personnel for lending, operations and compliance.

On a linked quarter basis, net income for the fourth quarter of 2012 decreased $267 thousand or 28% when compared to the third quarter of 2012.  While net interest income increased $0.3 million during the quarter, it was offset by higher provision for loan losses and lower gains from the sale of SBA loans and securities.  A significant portion of the commercial loans were originated at the end of the quarter. This resulted in less interest income to offset the general valuation reserves established on the new commercial loans.

Net interest income for the quarter ended December 31, 2012 increased $1.1 million or 25% to $5.6 million compared to $4.5 million for the quarter ended December 31, 2011.  The net interest margin decreased by ten basis points to 3.60% for the fourth quarter of 2012 compared to 3.70% for the same period in 2011.  Net interest income for the twelve months ended December 31, 2012 increased $4.0 million or 24% to $20.9 million compared to $16.9 million for the twelve months ended December 31, 2011.  The net interest margin increased by two basis points to 3.60% for the twelve months ended December 31, 2012 from 3.58% for the prior year period.

The increase in net interest income for both the quarter and twelve months ended December 31, 2012 was primarily due to (1) growth in our commercial loan portfolio; (2) higher non-interest bearing demand deposits; and (3) a continued decline in overall cost of funds on deposits.  The decrease in net interest margin for the quarter ended December 31, 2012 when compared to the prior year's quarter primarily resulted from lower yields on loans and mortgage backed securities from increased prepayments, loan refinancing, and competition.

Non-Interest Income

Non-interest income increased approximately $0.2 million or 26% to $0.9 million for the quarter ended December 31, 2012 compared to $0.7 million for the prior year quarter.  The increase in non-interest income for the quarter was due primarily to higher service charges, servicing income, prepayment fees and BOLI income, which were partially offset by lower gains on the sale of SBA loans.

Non-interest income for the twelve months ended December 31, 2012 decreased $0.7 million or 17% to $3.6 million compared to $4.3 million for the same period in 2011.  The decrease for the twelve months ended December 31, 2012 was primarily the result of a $1.3 million decline in gains on the sale of SBA loans.  The SBA loan volume decreased due to a change in the SBA guarantee percentage from 90% to 75%.  This was offset by higher non-interest income for service charges, servicing and other income as well as BOLI income for the twelve months ended December 31, 2012.

Non-Interest Expense

Non-interest expense increased $0.8 million or 22% to $4.6 million for the quarter ended December 31, 2012 from $3.8 million for the same period in 2011.  The increase was primarily attributable to higher compensation associated with the opening of our Manhattan branch location and the addition of senior personnel for operations and human resources, the hiring of a municipal banker and higher occupancy costs associated with the opening of the Manhattan branch.

Balance Sheet and Asset Quality

Total assets grew to $665.8 million at December 31, 2012, a 25% increase over total assets of $531.8 million at December 31, 2011.  Total loans increased $115.9 million or 29% to $511.6 million at December 31, 2012 when compared to December 31, 2011.  The commercial loan portfolio increased $101.1 million or 40% when compared to December 31, 2011.  The residential loan portfolio increased $14.7 million or 10% when compared to December 31, 2011.  The growth in the loan portfolio was funded by deposits from our new branch locations and municipal relationships as well as the continued development of core banking relationships, which were evident by the $61.3 million or 65% increase in demand deposits since December 31, 2011.

Our asset quality remains strong and a core focus during these challenging economic times.  Non-performing loans, including loans past due 90 days or more, increased by $0.2 million or 14% to $1.5 million or 0.28% of total loans at December 31, 2012 from $1.3 million or 0.32% of total loans at December 31, 2011.  Despite the slight increase in non-performing loans in dollars, the percentage of non-performing loans to total loans declined and remains at a low level compared to our peers.

The Bank had $0.8 million in provision for loan losses for the fourth quarter of 2012, an increase of $15 thousand or 1.9% when compared to the prior year quarter.  The allowance for loan losses was $6.6 million or 1.29% of total loans at December 31, 2012, an increase of approximately $1.8 million or 39% from $4.8 million or 1.20% of total loans at December 31, 2011.  The increase in the allowance for loan losses was due to general valuation reserves associated with the significant commercial loan growth throughout the period.  The Bank sold its one foreclosed commercial property at a price that approximated the carrying value of $0.5 million during the fourth quarter.

"While our commercial loan pipeline remains robust, we remain cognizant of the many challenges that our industry faces. The duration of this historical low interest rate environment and unprecedented quantitative easing by the Federal Reserve Bank has reduced yields on interest earning assets.  Over the past several years, the industry compensated for these lower asset yields by decreasing rates on customer accounts.  If the Federal Reserve Bank continues its current policy, the ability for banks to maintain margins will become increasingly more difficult.  In addition, the continued uncertainty with regard to debt and deficit reductions and the local impact from Hurricane Sandy are concerns management evaluates on a daily basis.  We have very strict underwriting standards; our loan portfolio is mostly adjustable in nature; and our investment portfolio is comprised of short-term U.S agency mortgage backed securities.  We constantly monitor the balance sheet mix for an eventual rise in interest rates." commented Mr. Lubow.

Deposits

Total deposits increased $138.1 million or 32% to $563.3 million at December 31, 2012 compared to $425.2 million at December 31, 2011.  Demand deposits grew $61.3 million or 65% to $155.9 million at December 31, 2012 when compared to December 31, 2011.

Further information about the financial condition and performance of Community National Bank is available from its Call Reports filed by the Bank with the FDIC and available on the FDIC website at: http://www2.fdic.gov/idasp/main_bankfind.asp. The Bank expects to file its December 31, 2012 Call Report on or around January 30, 2013.

ABOUT COMMUNITY NATIONAL BANK
Community National Bank is a Long Island based independent commercial bank and operates ten locations in Nassau, Suffolk, Queens and Manhattan County. We offer a full range of modern financial services, backed by state-of-the-art technology. In addition to commercial loans, commercial mortgages, small business loans and lines of credit and residential mortgages, CNB also provides a complete selection of traditional personal and commercial deposit products such as no fee individual and business checking accounts, IRA accounts and statement savings.

Cautionary Statement about Forward-Looking Statements

This release contains certain "forward looking statements" about CNB which, to the extent applicable, are intended to be covered by the safe harbor for forward looking statements provided under the Federal securities laws and, regardless of such coverage, you are cautioned about. Examples of forward-looking statements include but are not limited to, CNB's financial condition, capital ratios, results of operations and outlook. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as "may," "believe," "expect," "anticipate," "plan," "continue," or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we caution you not to place undue reliance on these forward-looking statements. Factors which may cause our forward looking statements to be materially inaccurate include, but are not limited to, a unexpected deterioration in our loan portfolio, unexpected increases in our expenses, greater than anticipated growth, unanticipated regulatory action, unexpected changes in interest rates, a loss of key personnel, an unanticipated loss of existing customers, competition from other institutions causing us unanticipated changes in our deposit or loan rates, increases in FDIC insurance costs and unanticipated adverse changes in our customers' economic conditions or economic conditions in our local area generally. Forward-looking statements speak only as of the date of this press release We do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

 

COMMUNITY NATIONAL BANK

STATEMENTS OF INCOME

Unaudited



For The Three Months Ended

For The Twelve Months Ended


December 31,

December 31,

December 31,

December 31,


2012

2011

2012

2011

Interest Income:





Commercial Loans

$4,416,729

$3,444,917

$16,339,791

$12,591,969

Residential and Consumer Loans

1,626,252

1,674,388

6,526,396

6,730,776

Securities

541,214

563,730

2,340,440

2,511,308

Money Market Investments

23,148

9,258

51,626

33,780

   Total Interest Income

6,607,343

5,692,293

25,258,253

21,867,833






Interest Expense:





NOW, Savings & Money Market

229,149

176,588

903,032

599,564

Certificates of Deposit

649,781

865,295

2,922,078

3,716,771

Borrowed Funds

125,485

154,795

569,832

698,441

   Total Interest Expense

1,004,415

1,196,678

4,394,942

5,014,776

      Net Interest Income

5,602,928

4,495,615

20,863,311

16,853,057

Provision For Loan Losses

800,000

785,000

2,193,000

2,628,000

Net Interest Income After Provision for Loan Losses

4,802,928

3,710,615

18,670,311

14,225,057






Non-Interest Income:





Service Charges

189,246

116,268

630,406

468,091

Loan Fees & Servicing Income

185,789

84,421

494,819

336,237

Gain on Sale of Investments

6,788

-

280,581

130,829

Gain on Sale of Loans

289,091

329,743

1,508,280

2,832,716

BOLI Income

196,659

160,155

721,767

612,085

   Total Non-Interest Income

867,573

690,587

3,635,853

4,379,958






Non-Interest Expense:





Compensation and Benefits

2,380,164

1,933,852

9,152,494

7,407,481

Occupancy and Equipment

1,141,651

1,029,566

4,520,830

3,899,986

Advertising

59,419

62,139

218,213

186,905

Other Expenses

1,039,938

772,346

4,018,434

3,566,102

   Total Non-Interest Expense

4,621,172

3,797,903

17,909,971

15,060,474

Income Before Income Taxes

1,049,329

603,299

4,396,193

3,544,541

Provision For Income Taxes

356,929

156,000

1,544,933

1,228,600

      Net Income

$692,400

$447,299

$2,851,260

$2,315,941






Earnings Per Share:





   Basic

$0.10

$0.07

$0.43

$0.35

   Diluted

$0.10

$0.07

$0.43

$0.35

   Weighted Average Shares Outstanding – Basic

6,673,181

6,673,181

6,673,181

6,673,181

   Weighted Average Shares Outstanding – Diluted

6,701,691

6,686,691

6,689,481

6,698,905


 

 

 

COMMUNITY NATIONAL BANK

STATEMENTS OF INCOME

Unaudited





For the Three Months Ended


December 31,

September 30,

June 30,

December 31,


2012

2012

2012

2011

Interest Income:





Commercial Loans

$4,416,729

$4,198,087

$3,984,291

$3,444,917

Residential and Consumer Loans

1,626,252

1,631,210

1,640,173

1,674,388

Securities

541,214

587,751

626,625

563,730

Money Market Investments

23.148

11,183

10,216

9,258

   Total Interest Income

6,607,343

6,428,231

6,261,305

5,692,293






Interest Expense:





NOW, Savings & Money Market

229,149

234,914

235,288

176,588

Certificates of Deposit

649,781

707,539

754,517

865,295

Borrowed Funds

125,485

138,624

149,253

154,795

   Total Interest Expense

1,004,415

1,081,077

1,139,058

1,196,678

      Net Interest Income

5,602,928

5,347,154

5,122,247

4,495,615

Provision For Loan Losses

800,000

475,000

475,000

785,000

Net Interest Income After Provision for Loan Losses

4,802,928

4,872,154

4,647,247

3,710,615






Non-Interest Income:





Service Charges

189,246

140,704

158,438

116,268

Loan Fees & Servicing Income

185,789

136,067

79,510

84,421

Gain on Sale of Investments

6,788

141,217

-

-

Gain on Sale of Loans

289,091

656,256

442,252

329,743

BOLI Income

196,659

177,812

186,034

160,155

   Total Non-Interest Income

867,573

1,252,056

866,234

690,587






Non-Interest Expense:





Compensation and Benefits

2,380,164

2,355,625

2,258,229

1,933,852

Occupancy and Equipment

1,141,651

1,168,866

1,139,060

1,029,566

Advertising

59,419

59,409

52,360

62,139

Other Expenses

1,039,938

1,039,594

1,018,972

772,346

   Total Non-Interest Expense

4,621,172

4,623,494

4,468,621

3,797,903

Income Before Income Taxes

1,049,329

1,500,716

1,044,860

603,299

Provision For Income Taxes

356,929

541,050

372,754

156,000

      Net Income

$692,400

$959,666

$672,106

$447,299






Earnings Per Share:





   Basic

$0.10

$0.14

$0.10

$0.07

   Diluted

$0.10

$0.14

$0.10

$0.07

   Weighted Average Shares Outstanding – Basic

6,673,181

6,673,181

6,673,181

6,673,181

   Weighted Average Shares Outstanding – Diluted

6,701,691

6,697,675

6,700,265

6,686,691








 

 

 

COMMUNITY NATIONAL BANK

STATEMENTS OF CONDITION

Unaudited








December 31,

September 30,

June 30,

December 31,


2012

2012

2012

2011

Assets:





Cash and Due From Banks

$13,453,651

$7,666,354

$7,980,739

$6,758,552

Money Market Investments

7,391,467

31,922,204

11,756,613

6,703,973






Securities - Available-for-Sale

100,126,177

109,974,255

116,969,332

90,516,272

Restricted Stock

3,904,850

3,922,650

4,080,250

4,279,500

   Total Securities

104,031,027

113,896,905

121,049,582

94,795,772






Loans Held-For-Sale

-

500,000

400,000

-






Commercial Loans

351,587,251

299,607,536

290,558,824

250,444,848

Residential & Consumer Loans

160,030,011

158,791,493

154,910,682

145,310,058

Gross Loans Held-For-Investment

511,617,262

458,399,029

445,469,506

395,754,906

Less:  Allowance For Loans Losses

(6,606,498)

(5,904,167)

(5,396,607)

(4,759,124)

   Net Loans Held-For-Investment

505,010,764

452,494,862

440,072,899

390,995,782






Premises and Equipment, net

8,709,570

8,869,722

9,087,941

8,722,455

Bank Owned Life Insurance ("BOLI")

19,493,857

19,297,199

19,119,387

15,872,091

Other Assets

7,693,014

9,280,117

9,281,539

7,959,080

   Total Assets

$665,783,350

$643,927,363

$618,748,700

$531,807,705






Liabilities and Stockholders' Equity:





Deposits:





Demand

$155,877,268

$136,410,679

$120,182,668

$94,531,309

NOW, Savings & Money Market

233,241,844

224,776,773

202,311,136

134,268,269

Certificates of Deposit

174,223,625

181,175,999

189,446,881

196,452,756

   Total Deposits

563,342,737

542,363,451

511,940,685

425,252,334






FHLB Advances

24,970,887

25,475,945

33,978,085

34,973,678

Accrued Expenses and Other Liabilities

5,666,170

4,983,042

2,917,289

3,198,516

   Total Liabilities

593,979,794

572,822,438

548,836,059

463,424,528






Stockholders' Equity:





Common Stock, par value $5.00; authorized





10,000,000 shares;  issued 6,673,181 shares

33,365,905

33,365,905

33,365,905

33,365,905

Additional Paid in Capital

34,101,246

34,037,538

33,968,660

33,872,063

Retained Earnings

3,455,291

2,762,891

1,803,225

604,031

Unrealized Gain on Securities

881,114

938,591

774,851

541,178

      Total Stockholders' Equity

71,803,556

71,104,925

69,912,641

68,383,177

      Total Liabilities and Stockholders' Equity

$665,783,350

$643,927,363

$618,748,700

$531,807,705








 

 

 

COMMUNITY NATIONAL BANK

SELECTED FINANCIAL DATA & BALANCE SHEET COMPONENTS

Unaudited








For The Three Months Ended

For The Twelve Months Ended


December 31,

December 31,

December 31,

December 31,


2012

2011

2012

2011

Per Share:





Net Income-Basic

$0.10

$0.07

$0.43

$0.35

Average Shares Outstanding – Basic

6,673,181

6,673,181

6,673,181

6,673,181

Net Income – Diluted

$0.10

$0.07

$0.43

$0.35

Average Shares Outstanding – Diluted

6,701,691

6,686,691

6,689,481

6,698,905

Book Value

$10.76

$10.25

$10.76

$10.25






Performance:





Return on Average Assets

0.42%

0.35%

0.46%

0.46%

Return on Average Equity

3.88%

2.62%

4.09%

3.49%

Efficiency Ratio

71.42%

73.23%

73.10%

70.93%






Yield on Average Earning Assets

4.24%

4.69%

4.36%

4.65%

Cost on Average Interest Bearing Liabilities

0.91%

1.36%

1.05%

1.44%

Cost of Deposits

0.63%

1.00%

0.75%

1.09%

Net Interest Spread

3.33%

3.33%

3.31%

3.21%

Net Interest Margin

3.60%

3.70%

3.60%

3.58%







December 31,

   September 30,

June 30,

December 31,


2012

2012

2012

2011

Risk Based Capital:


Leverage Ratio

10.35%

10.70%

11.00%

12.75%

Tier 1

13.85%

15.28%

15.53%

17.50%

Total Risk Based

15.10%

16.53%

16.78%

18.75%






Asset Quality:





Allowance for Loan Losses to Total Loans

1.29%

1.29%

1.21%

1.20%

Allowance for Loan Losses to Non-Performing Loans

456%

406%

732%

374%

Non-Performing Loans to Total Loans

0.28%

0.32%

0.17%

0.32%

Non-Performing Assets to Total Assets

0.22%

0.31%

0.21%

0.36%

Annualized Quarterly Net Charge offs to Avg. Loans

0.08%

-0.03%

0.26%

0.37%


                                                                                                                                                                                       

SOURCE Community National Bank

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
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment.
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microservices, and more.
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold 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 City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
SYS-CON Events announced today that Solgenia 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, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional Social, Mobile and Cloud user experiences, our solutions help large and medium-sized organizations dr...
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, 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. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the M2M space. This really allows some room for influential individuals to create more high value inter...
The list of ‘new paradigm’ technologies that now surrounds us appears to be at an all time high. From cloud computing and Big Data analytics to Bring Your Own Device (BYOD) and the Internet of Things (IoT), today we have to deal with what the industry likes to call ‘paradigm shifts’ at every level of IT. This is disruption; of course, we understand that – change is almost always disruptive.
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...