|By Business Wire||
|February 13, 2013 06:30 AM EST||
Blackbaud, Inc. (Nasdaq: BLKB), the leading global provider of software and services to the nonprofit sector, today announced financial results for its fourth quarter and full year ended December 31, 2012.
Marc Chardon, Chief Executive Officer of Blackbaud, stated, “Blackbaud reported solid fourth quarter results that were at the high-end or above our guidance from a revenue and profitability perspective. Each of our business units performed well during the quarter, and we are pleased to see early signs of acceleration in the opportunity pipeline for the Luminate product line that we gained through our acquisition of Convio.”
Chardon added, “During 2012, the acquisition of Convio significantly increased our scale, recurring revenue and presence in the fastest growing segment of the nonprofit market. We also made solid progress on our combined company go-to-market strategies, from which we expect to benefit over the course of 2013 and beyond. We are confident that our unique, best-of-breed offerings in online fundraising and CRM for nonprofits of all sizes and across verticals position us well to gain share in our underpenetrated, multi-billion dollar market opportunity.”
Fourth Quarter 2012 GAAP Financial Results
Blackbaud reported total revenue of $120.1 million for the fourth quarter of 2012, an increase compared to $95.0 million for the fourth quarter of 2011. Income from operations and net income, determined in accordance with GAAP, were $9.9 million and $3.3 million, respectively, compared with $10.6 million and $6.4 million, respectively, for the fourth quarter of 2011. Diluted earnings per share were $0.07 for the fourth quarter of 2012, compared with $0.14 in the same period last year.
Fourth Quarter 2012 Non-GAAP Financial Results
Blackbaud reported total non-GAAP revenue of $120.8 million, which includes $0.8 million of the deferred revenue write down associated with the Convio acquisition. Non-GAAP income from operations, which excludes stock-based compensation expense, amortization of intangibles arising from business combinations, acquisition-related expenses, integration and restructuring costs and an impairment of a cost method investment, was $22.3 million for the fourth quarter of 2012, an increase from $19.1 million in the same period last year. Non-GAAP net income was $12.0 million for the fourth quarter of 2012, compared to $11.8 million in the same period last year. Non-GAAP diluted earnings per share were $0.27 for the fourth quarter of 2012, consistent with the same period last year.
A reconciliation between GAAP and non-GAAP results has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”
Tony Boor, Chief Financial Officer of Blackbaud, stated, “We successfully executed against our synergies targets following the combination of Blackbaud and Convio and achieved our goal of $9-$10 million of annualized cost savings by the end of 2012. In addition, as part of rationalizing our combined operations and cost structure, we recently took actions that are expected to generate an additional $10 million of cost savings in 2013.” Boor added, “We remain very focused on delivering significant improvement in our non-GAAP operating margin during 2013 and beyond, which we believe will drive increased shareholder value. In addition, the improvement in our pipeline related to Convio’s offerings is a further step toward ultimately realizing revenue synergies over the long-term.”
Balance Sheet and Cash Flow
The Company ended the fourth quarter with $13.5 million in cash, compared to $25.6 million at the end of the third quarter. The Company generated $29.0 million in cash flow from operations during the fourth quarter, contributing to $68.7 million for the twelve months ended December 31, 2012.
Full Year 2012 GAAP and Non-GAAP Financial Results
Blackbaud reported total revenue of $447.4 million for the full year 2012, an increase compared to $370.9 million for 2011. Income from operations and net income, determined in accordance with GAAP, were $19.4 million and $6.6 million for the full year 2012, respectively, compared with $50.9 million and $33.2 million, respectively, for 2011. Diluted earnings per share were $0.15 for the full year 2012, compared with $0.75 for 2011.
Non-GAAP revenue, which includes $5.6 million of the deferred revenue write down associated with the Convio acquisition, was $453.0 million. Non-GAAP income from operations, which also excludes stock-based compensation expense, amortization of intangibles arising from business combinations, acquisition-related expenses, integration and restructuring costs and an impairment of a cost method investment, was $75.5 million for the full year 2012, compared to $76.5 million for 2011. Non-GAAP net income was $42.3 million for the full year 2012, compared to $46.9 million for 2011. Non-GAAP diluted earnings per share were $0.95 for the full year 2012, compared to $1.06 for 2011.
A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”
Dividend and Share Repurchase Program
Blackbaud announced today that its Board of Directors has approved a first quarter 2013 dividend of $0.12 per share payable on March 15, 2013, to stockholders of record on February 28, 2013. Additionally, as of December 31, 2012, $50.0 million remained available under the Company’s share repurchase program.
Conference Call Details
Blackbaud will host a conference call today, February 13, 2013, at 8:00 a.m. (Eastern Time) to discuss the Company's financial results, operations and related matters. To access this call, dial 877-407-3982 (domestic) or 201-493-6780 (international). A replay of this conference call will be available through February 20, 2013, at 877-870-5176 (domestic) or 858-384-5517 (international). The replay passcode is 407059. A live webcast of this conference call will be available on the "Investor Relations" page of the Company's website at www.blackbaud.com/investorrelations, and a replay will be archived on the website as well.
Serving the nonprofit and education sectors for 30 years, Blackbaud (NASDAQ: BLKB) combines technology and expertise to help organizations achieve their missions. Blackbaud works with more than 27,000 nonprofit customers in over 60 countries that support higher education, healthcare, human services, arts and culture, faith, the environment, independent K-12 education, animal welfare and other charitable causes. The company offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising, eMarketing, advocacy, constituent relationship management (CRM), payment services, analytics and vertical-specific solutions. Using Blackbaud technology, these organizations raise more than $100 billion each year. Recognized as a top company by Forbes, InformationWeek and Software Magazine, and honored by Best Places to Work, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Mexico, the Netherlands and the United Kingdom. For more information, visit www.blackbaud.com.
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding: the opportunity pipeline for Luminate and other Convio products; expected benefits from our combined company go-to-market strategies; the ability of our product offerings to position us to gain market share; future cost savings; our ability to deliver improved non-GAAP operating margin; and, our ability to realize revenue synergies. These statements involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: management of integration of acquired companies and other risks associated with acquisitions; general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks related to our leverage, dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organizations; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud's investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
Non-GAAP Financial Measures
Blackbaud has provided in this release financial information that has not been prepared in accordance with GAAP. This information includes non-GAAP revenue, non-GAAP income from operations, non-GAAP net income, non-GAAP diluted earnings per share and non-GAAP operating margin. Blackbaud uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Blackbaud's ongoing operational performance. Blackbaud believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in Blackbaud's industry, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial results discussed above exclude: a write-down of Convio deferred revenue; stock-based compensation expense; costs associated with amortization of intangibles arising from business combinations; acquisition-related expense; integration and restructuring costs; a write-off of prepaid proprietary software licenses; a charge associated with impairment of cost method investment; and, a gain in connection with the sale of assets. We use these measures and believe them useful to investors because they provide additional insight in comparing results from period to period.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures. As previously mentioned, a reconciliation of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.
|Consolidated balance sheets|
|December 31,||December 31,|
|(in thousands, except share amounts)||2012||2011|
|Cash and cash equivalents||$||13,491||$||52,520|
|Donor restricted cash||68,177||40,205|
Accounts receivable, net of allowance of $8,546 and $3,913
|Prepaid expenses and other current assets||40,589||31,016|
|Deferred tax asset, current portion||15,799||1,551|
|Total current assets||213,748||187,948|
|Property and equipment, net||49,063||34,397|
|Deferred tax asset||-||29,376|
|Intangible assets, net||168,037||44,660|
|Liabilities and stockholders' equity|
|Trade accounts payable||$||13,623||$||13,464|
|Accrued expenses and other current liabilities||45,996||32,707|
|Debt, current portion||10,000||-|
|Deferred revenue, current portion||173,899||153,665|
|Total current liabilities||311,695||240,041|
|Debt, net of current portion||205,500||-|
|Deferred tax liability||24,468||-|
|Deferred revenue, net of current portion||11,119||9,772|
|Commitments and contingencies|
|Preferred stock; 20,000,000 shares authorized, none outstanding||-||-|
Common stock, $0.001 par value; 180,000,000
|Additional paid-in capital||203,638||175,401|
Treasury stock, at cost; 9,209,371 and 9,019,824 shares
|Accumulated other comprehensive loss||(1,973||)||(1,148||)|
|Total stockholders' equity||147,684||140,002|
|Total liabilities and stockholders' equity||$||705,747||$||392,590|
|Consolidated statements of comprehensive income|
|Three months ended December 31,||Years ended December 31,|
|(in thousands, except share and per share amounts)||2012||2011||2012||2011|
|Cost of revenue|
|Cost of license fees||831||735||2,993||3,345|
|Cost of subscriptions||19,622||12,276||68,773||42,536|
|Cost of services||25,429||19,896||97,208||79,086|
|Cost of maintenance||7,057||6,371||26,001||25,178|
|Cost of other revenue||2,813||2,796||7,485||7,049|
|Total cost of revenue||55,752||42,074||202,460||157,194|
|Sales and marketing||24,339||18,280||95,218||75,361|
|Research and development||17,327||12,460||64,692||47,672|
|General and administrative||12,069||9,580||63,308||36,933|
|Impairment of cost method investment||-||1,800||200||1,800|
|Total operating expenses||54,424||42,372||225,524||162,746|
|Income from operations||9,875||10,599||19,435||50,928|
|Other income (expense), net||(326||)||168||(392||)||346|
|Income before provision for income taxes||7,342||10,760||13,325||51,257|
|Income tax provision||4,072||4,409||6,742||18,037|
|Earnings per share|
|Common shares and equivalents outstanding|
|Basic weighted average shares||44,345,887||43,738,007||44,145,535||43,522,563|
|Diluted weighted average shares||44,757,841||44,337,711||44,691,845||44,149,054|
|Dividends per share||$||0.12||$||0.12||$||0.48||$||0.48|
|Other comprehensive income (loss)|
|Foreign currency translation adjustment||(22||)||(232||)||(34||)||(336||)|
|Unrealized gain (loss) on derivative instruments, net of tax||92||-||(791||)||-|
|Total other comprehensive income (loss)||70||(232||)||(825||)||(336||)|
|Consolidated statements of cash flows|
|Years ended December 31,|
|Cash flows from operating activities|
Adjustments to reconcile net income to net cash provided by
Depreciation and amortization
|Provision for doubtful accounts and sales returns||9,591||5,646|
|Stock-based compensation expense||19,240||14,884|
|Excess tax benefits from stock-based compensation||(81||)||(932||)|
|Impairment of cost method investment||200||1,800|
|Gain on sale of assets||-||(549||)|
|Other non-cash adjustments||747||(878||)|
|Changes in operating assets and liabilities, net of acquisition of businesses:|
|Prepaid expenses and other assets||(8,817||)||(2,915||)|
|Trade accounts payable||(1,363||)||1,714|
|Accrued expenses and other liabilities||(388||)||(1,056||)|
|Donor restricted cash||(27,990||)||(22,862||)|
|Net cash provided by operating activities||68,691||85,527|
|Cash flows from investing activities|
|Purchase of property and equipment||(20,557||)||(18,215||)|
|Purchase of net assets of acquired companies, net of cash acquired||(280,687||)||(23,385||)|
|Capitalized software development costs||(1,245||)||(1,012||)|
|Proceeds from sale of assets||-||874|
|Net cash used in investing activities||(302,489||)||(41,738||)|
|Cash flows from financing activities|
|Proceeds from issuance of debt||315,000||-|
|Payments on debt||(99,500||)||-|
|Payments of deferred financing costs||(2,440||)||(767||)|
|Proceeds from exercise of stock options||3,146||2,041|
|Excess tax benefits from stock-based compensation||81||932|
|Dividend payments to stockholders||(21,731||)||(21,429||)|
|Payments on capital lease obligations||-||(40||)|
|Net cash provided by (used in) financing activities||194,556||(19,263||)|
|Effect of exchange rate on cash and cash equivalents||213||(10||)|
|Net increase (decrease) in cash and cash equivalents||(39,029||)||24,516|
|Cash and cash equivalents, beginning of year||52,520||28,004|
|Cash and cash equivalents, end of year||$||13,491||$||52,520|
|Reconciliation of GAAP to Non-GAAP financial measures|
|Three months ended December 31,||Years ended December 31,|
|(in thousands, except per share amounts)||2012||2011||2012||2011|
|Add back: Convio deferred revenue writedown||771||-||5,592||-|
|Total Non-GAAP adjustments||771||-||5,592||-|
|GAAP gross profit||$||64,299||$||52,971||$||244,959||$||213,674|
|Add: Convio deferred revenue writedown||771||-||5,592||-|
|Add: Stock-based compensation expense||1,238||903||4,184||3,278|
|Add: Amortization of intangibles from business combinations||5,032||1,725||15,243||6,598|
|Add: Acquisition integration costs||(8||)||-||589||-|
|Add: Write-off of prepaid proprietary software licenses||-||-||350||-|
|Total Non-GAAP adjustments||7,033||2,628||25,958||9,876|
|Non-GAAP gross profit||$||71,332||$||55,599||$||270,917||$||223,550|
|Non-GAAP gross margin||59||%||58||%||60||%||60||%|
|GAAP income from operations||$||9,875||$||10,599||$||19,435||$||50,928|
|Add: Convio deferred revenue writedown||771||-||5,592||-|
|Add: Stock-based compensation expense||4,786||3,971||19,240||14,884|
|Add: Amortization of intangibles from business combinations||5,721||1,977||17,349||7,578|
|Add: Acquisition integration and restructuring costs||1,127||-||6,923||-|
|Add: Acquisition-related expenses||-||786||6,428||1,840|
|Add: Write-off of prepaid proprietary software licenses||-||-||350||-|
|Add: Impairment of cost method investment||-||1,800||200||1,800|
|Less: Gain on sale of assets||-||-||-||(549||)|
|Total Non-GAAP adjustments||12,405||8,534||56,082||25,553|
|Non-GAAP income from operations||$||22,280||$||19,133||$||75,517||$||76,481|
|Non-GAAP operating margin||18||%||20||%||17||%||21||%|
|GAAP net income||$||3,270||$||6,351||$||6,583||$||33,220|
|Add: Total Non-GAAP adjustments affecting income from operations||12,405||8,534||56,082||25,553|
|Less: Tax impact related to Non-GAAP adjustments||(3,631||)||(3,117||)||(20,327||)||(11,919||)|
|Non-GAAP net income||$||12,044||$||11,768||$||42,338||$||46,854|
|Shares used in computing Non-GAAP diluted earnings per share||44,758||44,338||44,692||44,149|
|Non-GAAP diluted earnings per share||$||0.27||$||0.27||$||0.95||$||1.06|
|Detail of Non-GAAP adjustments:|
|Stock-based compensation expense:|
|Cost of revenue|
|Cost of subscriptions||$||126||$||164||$||860||$||571|
|Cost of services||875||571||2,786||1,966|
|Cost of maintenance||237||168||538||741|
|Sales and marketing||794||391||2,527||1,325|
|Research and development||1,078||766||3,556||3,039|
|General and administrative||1,676||1,911||8,973||7,242|
|Total stock-based compensation expense||$||4,786||$||3,971||$||19,240||$||14,884|
|Amortization of intangibles from business combinations|
|Cost of revenue|
|Cost of license fees||$||120||$||156||$||485||$||635|
|Cost of subscriptions||4,237||901||11,969||3,341|
|Cost of services||542||400||1,992||1,572|
|Cost of maintenance||114||249||722||975|
|Cost of other revenue||19||19||75||75|
|Total amortization of intangibles from business combinations||$||5,721||$||1,977||$||17,349||$||7,578|
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 26, 2016 04:30 PM EDT Reads: 3,325
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 26, 2016 04:30 PM EDT Reads: 1,614
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 26, 2016 04:15 PM EDT Reads: 1,016
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 26, 2016 04:00 PM EDT Reads: 2,815
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Sep. 26, 2016 03:45 PM EDT Reads: 2,894
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 26, 2016 03:30 PM EDT Reads: 1,554
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 26, 2016 03:00 PM EDT Reads: 1,549
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 26, 2016 02:45 PM EDT Reads: 2,603
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 26, 2016 02:15 PM EDT Reads: 2,095
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 26, 2016 02:00 PM EDT Reads: 1,716
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 26, 2016 01:45 PM EDT Reads: 2,570
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 26, 2016 01:30 PM EDT Reads: 1,168
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Sep. 26, 2016 01:00 PM EDT Reads: 1,621
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Sep. 26, 2016 12:45 PM EDT Reads: 1,742
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. 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 dev...
Sep. 26, 2016 12:45 PM EDT Reads: 3,422
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 26, 2016 12:15 PM EDT Reads: 1,677
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 26, 2016 11:15 AM EDT Reads: 2,880
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Sep. 26, 2016 11:06 AM EDT Reads: 216
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
Sep. 26, 2016 11:00 AM EDT Reads: 1,005
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Sep. 26, 2016 10:30 AM EDT Reads: 911