Click here to close now.




















Welcome!

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

News Feed Item

Interactive Intelligence Reports Fourth-Quarter and Full Year 2012 Financial Results

Interactive Intelligence Group Inc. (Nasdaq: ININ), a global provider of unified IP business communications solutions, has announced financial results for the fourth quarter and full year ended Dec. 31, 2012.

“Our strong performance during the fourth quarter led to a record year for orders and revenues,” said Interactive Intelligence founder and CEO, Dr. Donald Brown. “In 2012, we have further extended our product leadership position and gained even more momentum in cloud-based offerings, which is the fastest growing segment of the contact center market. The number of our new cloud-based customers reached record levels in the fourth quarter and the total dollar amount of contracts continues growing at a rate significantly higher than the overall market.

“While continuing to add some of the most recognized global companies as customers, we remain committed to maintaining our pace of innovation, with several new products scheduled for release this year,” continued Brown. “Looking forward, given our strong global pipeline of opportunities, we are reaffirming our 2013 total order growth forecast of 20 percent and expect cloud-based orders to represent approximately 50 percent of total 2013 orders. We remain focused on innovation, product leadership and cloud-based growth and are confident in our long-term financial profile, which will be driven by growth in recurring revenues.”

Fourth Quarter 2012 Financial Highlights:

  • Orders: Total orders grew by 119 percent from the fourth quarter of 2011, while cloud-based orders were up 311 percent over the fourth quarter of 2011 and comprised 39 percent of total orders. The company signed 68 contracts over $250,000, which included 19 orders over $1.0 million, up from 37 and six, respectively, in the fourth quarter of 2011.
  • Revenues: Total revenues were $70.5 million, an increase of 22 percent over the fourth quarter of 2011. Recurring revenues, which include both maintenance and support from perpetual license agreements and cloud-based revenues, increased 31 percent to $33.1 million and accounted for 47 percent of total revenues. Cloud-based revenues increased 47 percent to $6.6 million. Product revenues were $27.2 million and services revenues were $10.2 million, compared to $26.5 million and $6.0 million, respectively, in the fourth quarter of 2011.
  • Total Deferred Revenues: Deferred revenues increased to $91.9 million as of Dec. 31, 2012, from $75.4 million as of Dec. 31, 2011. In addition, the amount of unbilled future cloud-based revenues as of Dec. 31, 2012 increased to $89.5 million from $34.6 million as of Dec. 31, 2011. The combination of deferred revenues and unbilled future cloud-based revenues was $181.4 million, up 65 percent from $110.0 million as of Dec. 31, 2011.
  • Operating Income: GAAP operating income was $3.5 million for the fourth quarter of 2012, compared to $6.5 million in the fourth quarter of 2011. Non-GAAP* operating income was $5.9 million for the fourth quarter of 2012, with a non-GAAP operating margin of 8.4 percent, compared to $8.7 million and a non-GAAP operating margin of 15.0 percent in the fourth quarter of 2011. The year-over-year decline in operating income resulted from the deferral of revenues due to an increase in cloud-based orders, certain premises-based orders received in the fourth quarter of 2012 for which revenues were deferred to future periods, and the increased investment in sales, marketing, and research and development to expand the company’s product leadership and share in the cloud-based market.
  • Net Income: GAAP net income for the fourth quarter of 2012 was $2.3 million, or $0.11 per diluted share based on 20.3 million weighted average diluted shares outstanding. This compares to GAAP net income for the same quarter in 2011 of $4.6 million, or $0.23 per diluted share based on 19.9 million weighted average diluted shares outstanding.

    Non-GAAP net income for the fourth quarter of 2012 was $5.7 million, or $0.28 per diluted share. This compares to non-GAAP net income of $7.3 million, or $0.37 per diluted share for the same quarter in 2011.
  • Cash, Cash Equivalents and Investments: As of Dec. 31, 2012, we had cash, cash equivalents and investments of $80.6 million.
  • Cash Flows: During the fourth quarter of 2012, the company generated $3.6 million in cash flow from operations and used $2.9 million for capital expenditures, which included expansion of its cloud infrastructure.

Full Year 2012 Financial Highlights:

  • Orders: Total orders increased 48 percent in 2012 compared to 2011, while cloud-based orders were up 123 percent year-over-year. The company signed 158 contracts over $250,000, which included 42 orders over $1.0 million, up from 113 and 17, respectively, in 2011. Cloud-based orders were 35 percent of total orders, up from 23 percent in 2011.
  • Revenues: Total revenues were $237.4 million in 2012, an increase of 13 percent over 2011. Recurring revenues increased 27 percent to $118.3 million. Cloud-based revenues increased 54 percent year-over-year to $22.0 million. Product revenues were $88.6 million and services revenues were $30.4 million in 2012, compared to $92.8 million and $23.4 million, respectively, in 2011.
  • Operating Income: GAAP operating income in 2012 was $1.1 million, compared to $21.6 million in 2011. Non-GAAP operating income in 2012 was $10.2 million, with a non-GAAP operating margin of 4.3 percent, compared to $29.3 million and a non-GAAP operating margin of 13.9 percent in 2011. The year-over-year decline in operating income resulted from deferral of revenues due to an increase in cloud-based orders, certain premises-based orders received in 2012 for which revenues were deferred to future periods, and the increased investment in sales, marketing, and research and development to expand the company’s product leadership and share in the cloud-based market.
  • Net Income: GAAP net income was $906,000, or $0.04 per diluted share based on 20.2 million weighted average diluted shares outstanding. This compares to GAAP net income in 2011 of $14.8 million, or $0.74 per diluted share based on 19.9 million weighted average diluted shares outstanding. The annual effective tax rate was 46 percent and includes a tax reserve on certain tax positions of the company, offset by one-time benefits recorded in 2012 principally related to a change in the company’s treatment of its officer compensation.

    Non-GAAP net income was $10.1 million, or $0.50 per diluted share, compared to non-GAAP net income in 2011 of $24.9 million, or $1.25 per diluted share.
  • Cash Flows: During the full year of 2012, the company generated $20.0 million in cash flow from operations, used $22.7 million for acquisitions, and used $15.6 million for capital expenditures, which included expansion of its cloud infrastructure.

* A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included with this press release. An explanation of these measures is also included below under the heading “Non-GAAP Measures.”

Additional Fourth-Quarter 2012 and Recent Highlights:

  • Interactive Intelligence was honored with a 2012 Cloud Computing Excellence Award from TMC’s Cloud Computing Magazine.
  • Interactive Intelligence launched Interaction Mobilizer for Windows 8, a software platform that enables mid-size to large contact centers and enterprises to rapidly deploy customer service applications for tablets and other mobile devices.
  • Interactive Intelligence released Interaction Dialer® version 4.0, a major predictive dialer software upgrade which was designed to improve ease-of-use, simplify management, and help contact centers more effectively execute dialing campaigns.
  • The company launched an e-commerce website, the Interactive Intelligence Marketplace, giving customers and resellers fast and easy access to products that complement the vendor’s all-in-one IP communications software suite.

Interactive Intelligence will host a conference call today at 4:30 p.m. Eastern time (EST) featuring Dr. Brown and the company's CFO, Stephen R. Head. A live Q&A session will follow opening remarks.

To access the teleconference, please dial 1 877.324.1969 at least five minutes prior to the start of the call. Ask for the teleconference by the following name: “Interactive Intelligence fourth-quarter earnings call.” The teleconference will also be broadcast live on the company's investor relations' page at http://investors.inin.com. An archive of the teleconference will be posted following the call.

About Interactive Intelligence

Interactive Intelligence Group Inc. (Nasdaq: ININ) is a global provider of contact center, unified communications, and business process automation software and services. The company's unified IP business communications solutions, which can be deployed on-premise or via the cloud, are ideal for industries such as financial services, insurance, outsourcers, collections, and utilities. Interactive Intelligence was founded in 1994 and has more than 5,000 customers worldwide. The company is among Forbes Magazine's 2011 Best Small Companies in America and Software Magazine's 2012 Top 500 Global Software and Service Providers. It employs approximately 1,400 people and is headquartered in Indianapolis, Indiana. The company has offices throughout North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Interactive Intelligence can be reached at +1 317.872.3000 or [email protected]; on the Net: www.inin.com.

Non-GAAP Measures

The non-GAAP measures shown in this release include revenue which was not recognized on a GAAP basis due to purchase accounting adjustments and exclude non-cash stock-based compensation expense, the amortization of certain intangible assets related to acquisitions by the company and non-cash income tax expense. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included with the financial information included in this press release. These measures are not in accordance with, or an alternative for, GAAP and may be different from non-GAAP measures used by other companies. Stock-based compensation expense and amortization of intangibles related to acquisitions are non-cash and certain amounts of income tax expense are non-cash. Management believes that the presentation of non-GAAP results, when shown in conjunction with corresponding GAAP measures, provides useful information to management and investors regarding financial and business trends related to the company's results of operations. Further, management believes that these non-GAAP measures improve management's and investors' ability to compare the company's financial performance with other companies in the technology industry. Because stock-based compensation expense, non-cash income tax expense amounts and amortization of intangibles related to acquisitions can vary significantly between companies, it is useful to compare results excluding these amounts. Management also uses financial statements that exclude stock-based compensation expense related to stock options, non-cash income tax amounts and amortization of intangibles related to acquisitions for its internal budgets.

Forward Looking Statements

This release may contain certain forward-looking statements that involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: rapid technological changes in the industry; the company's ability to maintain profitability; to manage successfully its growth; to manage successfully its increasingly complex third-party relationships resulting from the software and hardware components being licensed or sold with its solutions; to maintain successful relationships with certain suppliers which may be impacted by the competition in the technology industry; to maintain successful relationships with its current and any new partners; to maintain and improve its current products; to develop new products; to protect its proprietary rights adequately; to successfully integrate acquired businesses; and other factors described in the company's SEC filings, including the company's latest annual report on Form 10-K.

Interactive Intelligence is the owner of the marks INTERACTIVE INTELLIGENCE, its associated LOGO and numerous other marks. All other trademarks mentioned in this document are the property of their respective owners.

Interactive Intelligence Group, Inc.
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
         
 
 
Three Months Ended Year Ended
December 31, December 31,
2012 2011 2012 2011
(unaudited) (unaudited) (unaudited)
Revenues:
Product $ 27,207 $ 26,538 $ 88,626 $ 92,786
Recurring 33,120 25,186 118,343 93,363
Services   10,215     5,951     30,396     23,377  
Total revenues   70,542     57,675     237,365     209,526  
Costs of revenues:
Product 6,742 5,818 24,329 25,095
Recurring 9,053 6,227 32,227 23,801
Services 6,796 4,600 22,868 16,389
Amortization of intangible assets   58     35     163     140  
Total cost of revenues   22,649     16,680     79,587     65,425  
Gross profit   47,893     40,995     157,778     144,101  
Operating expenses:
Sales and marketing 23,172 18,339 79,770 63,039
Research and development 12,386 9,522 45,682 35,626
General and administrative 8,312 6,284 29,722 22,729
Amortization of intangible assets   494     306     1,521     1,066  
Total operating expenses   44,364     34,451     156,695     122,460  
Operating income 3,529 6,544 1,083 21,641
Other income:
Interest income, net 207 134 772 434
Other income (expense)   (123 )   (118 )   (189 )   144  
Total other income   84     16     583     578  
Income before income taxes 3,613 6,560 1,666 22,219
Income tax expense   1,343     1,965     760     7,421  
Net income $ 2,270   $ 4,595   $ 906   $ 14,798  
Other comprehensive income:
Foreign currency translation adjustment $ 129 $ 710 $ (645 ) $ (73 )
Net unrealized investment gain (loss)   (191 )   (89 )   163     93  
Comprehensive income $ 2,208   $ 5,216   $ 424   $ 14,818  
 
 
Net income per share:
Basic $ 0.12 $ 0.24 $ 0.05 $ 0.79
Diluted 0.11 0.23 0.04 0.74
 
Shares used to compute net income per share:
Basic 19,367 18,908 19,241 18,714
Diluted 20,308 19,850 20,162 19,885
 

Interactive Intelligence Group, Inc.

Reconciliation of Supplemental Financial Information

(in thousands, except per share amounts)

Unaudited

       
Three Months Ended Year Ended
December 31, December 31,
2012   2011 2012 2011
 
Recurring revenue, as reported $ 33,120 $ 25,186 $ 118,343 $ 93,363
Purchase accounting adjustments   178     309     522     471  
Non-GAAP recurring revenue $ 33,298   $ 25,495   $ 118,865   $ 93,834  
 
Recurring revenue gross profit as reported $ 24,067 $ 18,959 $ 86,116 $ 69,562
Purchase accounting adjustments 178 309 522 471
Non-cash stock-based compensation expense   135     89     523     422  
Non-GAAP recurring revenue gross profit $ 24,380   $ 19,357   $ 87,161   $ 70,455  
Non-GAAP recurring revenue gross margin 73.2 % 75.9 % 73.3 % 75.1 %

 

Services revenue, as reported $ 10,215 $ 5,951 $ 30,396 $ 23,377
Purchase accounting adjustments   -     6     -     54  
Non-GAAP services revenue $ 10,215   $ 5,957   $ 30,396   $ 23,431  
 
Services revenue gross profit as reported $ 3,419 $ 1,351 $ 7,528 $ 6,988
Purchase accounting adjustments - 6 - 54
Non-cash stock-based compensation expense   27     35     147     101  
Non-GAAP services revenue gross profit $ 3,446   $ 1,392   $ 7,675   $ 7,143  
Non-GAAP services revenue gross margin 33.7 % 23.4 % 25.3 % 30.5 %
 
Total revenue, as reported $ 70,542 $ 57,675 $ 237,365 $ 209,526
Purchase accounting adjustments   178     315     522     525  
Non-GAAP total revenue $ 70,720   $ 57,990   $ 237,887   $ 210,051  
 
Gross Profit $ 47,893 $ 40,995 $ 157,778 $ 144,101
Purchase accounting adjustments 178 315 522 525
Operating expenses 58 35 163 140
Non-cash stock-based compensation expense   162     124     670     523  
Non-GAAP gross profit $ 48,291   $ 41,469   $ 159,133   $ 145,289  
Non-GAAP gross margin 68.3 % 71.5 % 66.9 % 69.2 %
 
Operating income, as reported $ 3,529 $ 6,544 $ 1,083 $ 21,641
Purchase accounting adjustments 769 849 2,487 2,331
Non-cash stock-based compensation expense   1,650     1,294     6,677     5,298  
Non-GAAP operating income $ 5,948   $ 8,687   $ 10,247   $ 29,270  
Non-GAAP operating margin   8.4 %   15.0 %   4.3 %   13.9 %
 

Interactive Intelligence Group, Inc.

Reconciliation of Supplemental Financial Information

(in thousands, except per share amounts)

Unaudited

     
Three Months Ended Year Ended
December 31, December 31,
2012   2011 2012   2011
Net income, as reported $ 2,270 $ 4,595 $ 906 $ 14,798
Purchase accounting adjustments:
Increase to revenues:
Recurring 178 309 522 471
Services - 6 - 54
Reduction of operating expenses:
Customer Relationships 449 261 1,341 886
Technology 58 35 163 140
Non-compete agreements 46 45 180 180
Acquisition Costs   38   193   281   600
Total   769   849   2,487   2,331
Non-cash stock-based compensation expense:
Cost of recurring revenues 135 89 523 422
Cost of services revenues 27 35 147 101
Sales and marketing 543 394 2,250 1,677
Research and development 510 374 1,886 1,570
General and administrative   435   402   1,871   1,528
Total   1,650   1,294   6,677   5,298
Non-cash income tax expense   1,039   522   -   2,434
Non-GAAP net income $ 5,728 $ 7,260 $ 10,070 $ 24,861
 
Diluted EPS, as reported $ 0.11 $ 0.23 $ 0.04 $ 0.74
Purchase accounting adjustments 0.04 0.04 0.12 0.12
Non-cash stock-based compensation expense 0.08 0.07 0.34 0.27
Non-cash income tax expense   0.05   0.03   -   0.12
Non-GAAP diluted EPS $ 0.28 $ 0.37 $ 0.50 $ 1.25
 
Interactive Intelligence Group, Inc.
Condensed Consolidated Balance Sheets
(in thousands)
       
Year Ended
December 31,
2012 2011
Assets (unaudited)
Current assets:
Cash and cash equivalents $ 45,057 $ 28,465
Short-term investments 23,816 40,589
Accounts receivable, net 68,409 56,331
Deferred tax assets, net 16,600 8,952
Prepaid expenses 15,565 11,474
Other current assets   5,958     4,966  
Total current assets 175,405 150,777
Long-term investments 11,757 23,415
Property and equipment, net 26,816 18,304
Goodwill 38,723 22,696
Intangible assets, net 22,676 15,029
Other assets, net   6,419     2,581  
Total assets $ 281,796   $ 232,802  
 
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 8,795 $ 5,434
Accrued liabilities 23,008 11,111
Accrued compensation and related expenses 13,640 8,870
Deferred product revenues 5,999 3,870
Deferred services revenues   67,893     57,423  
Total current liabilities 119,336 86,708
Long-term deferred revenues 18,000 14,141
Deferred tax liabilities, net 99 1,688
Other long-term liabilities   244     291  
Total liabilities $ 137,679   $ 102,828  
 
Shareholders' equity:
Preferred stock - -
Common stock 194 190
Additional paid-in-capital 133,359 119,644
Accumulated other comprehensive loss (675 ) (193 )
Retained earnings   11,239     10,333  
Total shareholders' equity   144,117     129,974  
Total liabilities and shareholders' equity $ 281,796   $ 232,802  
 
Interactive Intelligence Group, Inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
     
 
Year Ended
December 31,
2012 2011
(unaudited)
Operating activities:
Net income $ 906 $ 14,798

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation 7,975 5,669
Amortization 1,776 1,209
Other non-cash items (757 ) 37
Stock-based compensation expense 6,676 5,298
Tax benefits from stock-based payment arrangements (1,586 ) (3,336 )
Deferred income tax (12,311 ) (524 )
Amortization (accretion) of investment income 846 (1,165 )
Loss (gain) on disposal of fixed assets (74 ) 4
Changes in operating assets and liabilities:
Accounts receivable (10,166 ) (13,313 )
Prepaid expenses (3,918 ) (2,888 )
Other current assets (975 ) (85 )
Other assets (3,838 ) (1,778 )
Accounts payable 5,071 (7,700 )
Accrued liabilities 11,941 6,918
Accrued compensation and related expenses 4,400 (918 )
Deferred product revenues 1,190 489
Deferred services revenues   12,850     18,675  
Net cash provided by operating activities   20,006     21,390  
 
Investing activities:
Sales of available-for-sale investments 58,234 73,118
Purchases of available-for-sale investments (30,348 ) (98,205 )
Purchases of property and equipment (15,554 ) (13,280 )
Acquisitions, net of cash (22,651 ) (13,376 )
Unrealized gain (loss) on investment   (138 )   1  
Net cash used in investing activities   (10,457 )   (51,742 )
 
Financing activities:
Proceeds from stock options exercised 5,030 6,671
Proceeds from issuance of common stock 680 510
Employee taxes withheld for restricted stock units (253 ) -
Tax benefits from stock-based payment arrangements   1,586     3,336  
Net cash provided by financing activities   7,043     10,517  
Net increase (decrease) in cash and cash equivalents 16,592 (19,835 )
Cash and cash equivalents, beginning of period   28,465     48,300  
Cash and cash equivalents, end of period $ 45,057   $ 28,465  
 
Cash paid during the period for:
Interest $ 5 $ 3
Income taxes 3,213 2,835
 
Other non-cash item:
Purchases of property and equipment payable at end of period 44 70
 
Supplemental Data
(Dollars in thousands)
(unaudited)
                       
2011 2012
Q1   Q2   Q3   Q4   Total Q1   Q2   Q3   Q4   Total
Margins (GAAP):
Product 70.2% 73.6% 69.1% 78.1% 73.4% 70.9% 69.5% 73.4% 75.2% 72.5%
Recurring 74.5% 74.0% 73.8% 75.3% 74.0% 73.8% 72.4% 72.3% 72.7% 72.8%
Services 40.3% 28.0% 27.9% 22.7% 29.9% 19.7% 22.6% 18.9% 33.5% 24.8%
Overall 68.1% 68.9% 66.7% 71.1% 68.8% 66.8% 65.2% 65.6% 67.9% 66.5%
 
Year-over-year Revenue Growth (GAAP):
Product 31.5% 33.7% 7.3% 9.0% 18.7% -4.8% -18.8% 3.3% 2.5% -6.2%
Recurring 30.3% 35.1% 45.7% 22.8% 33.0% 31.1% 27.2% 17.9% 31.5% 29.1%
Services 87.7% 30.4% 26.3% 4.3% 31.6% -8.4% 23.5% 34.7% 71.7% 30.0%
Overall 36.3% 33.9% 24.6% 13.9% 26.0% 10.6% 5.4% 13.7% 22.3% 13.3%
 
Orders:
Over $1 million 3 5 3 6 17 6 8 9 19 42
Between $250,000 and $1 million 24 27 14 31 96 11 28 28 49 116
 
Number of new customers 65 81 55 103 304 60 67 65 110 302
 
Average new customer order:
Overall $ 275 $ 240 $ 314 $ 259 $ 267 $ 240 $ 349 $ 409 $ 623 $ 440
Cloud-based 488 282 3,691 642 693 761 557 822 1,134 866
 

ININ-G

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
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
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, 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. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so they don't have to be replaced and are instantly converted to become smart, connected devices.
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
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...
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.
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...
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...
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...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
SYS-CON Events announced today that 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,...
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as soon as they are needed to take action.
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?
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.
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts, GM of Platform at FinancialForce.com, will discuss the value of business applications on wearable ...
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.
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.
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.