Welcome!

Microsoft Cloud Authors: Dana Gardner, Jayaram Krishnaswamy, Yung Chou, David Bermingham, Pat Romanski

News Feed Item

S&W Announces Results for the Second Quarter of Fiscal Year 2013

FIVE POINTS, Calif., Feb. 13, 2013 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced financial results for its second quarter of fiscal year 2013 ended December 31, 2012.

Second Quarter Fiscal Year 2013 and Other Business Highlights:

  • Record quarterly revenues of $13.7 million, an increase of 189% year-over-year;
  • Record six month revenues of $20.4 million, an increase of 88% year-over-year;
  • Seed and crop revenues for the quarter increased 233% versus the comparable period last year;
  • Organic (non-Imperial Valley Seeds ("IVS") related) seed and crop revenue growth of 54% versus second quarter of the prior year;
  • Improved gross margins on the company's organic seed and crop operations to 19.1% for the second quarter compared to 12.7% in the first quarter excluding stevia-related operations;
  • Non-GAAP adjusted EBITDA for second quarter increased 20% compared to the second quarter of fiscal 2012 and increased 172% compared to the first quarter of fiscal 2013;
  • Improved quarter-over-quarter basic EPS (excluding special items) of $0.05 compared to $0.01 in the first quarter of fiscal 2013;
  • Significant expansion in planned production and sourcing of alfalfa seed for the fall 2013 harvest; and
  • Progress made on the company's long-term collaboration with Monsanto and FGI through the commencement of field trials.

Quarterly Results
For the second fiscal quarter ended December 31, 2012, S&W reported revenues of $13.7 million versus $4.7 million in the comparable period of the prior year, an increase of 189%, and versus $6.7 million in first quarter ended September 30, 2012, an increase of 104%.  The company experienced 54% organic (non-IVS related) revenue growth on seed and crop revenues during the current quarter versus the comparable period of the prior year driven by strong pricing power and increased volumes for the company's proprietary alfalfa seed varieties. Revenue from the Company's recent acquisition of IVS, completed on October 1, 2012, exceeded expectations contributing $7.3 million to the company's second quarter combined revenues.

Gross profit margins for the company's organic seed and crop sales (excluding stevia-related operations) improved to 19.1% in the second quarter of fiscal 2013 compared to 12.7% in the first quarter of fiscal 2013 due to an increase in average selling price quarter-over-quarter.  Gross profit margins were down compared to 27.3% in the second quarter of fiscal 2012 which reflects the higher costs of seed production in fiscal 2013 versus 2012.  Gross profit margins on IVS's alfalfa seed sales were 8.5%, leading to a blended seed and other crop margin (excluding stevia-related operations) of 13.4% during the quarter.














Three Months Ended


Three Months Ended



December 31,


September 30,



2012


2011


2012














S&W


IVS


Consolidated


S&W


S&W

Alfalfa seed and other crop revenues











Alfalfa seed and other crop revenues

$

6,274,703

$

7,298,653

$

13,573,356

$

4,073,865

$

6,356,052












Cost of seed and other crop revenue


5,376,514


6,678,403


12,054,917


2,960,857


5,549,419












Gross profit on alfalfa seed and other crop revenue


898,189


620,250


1,518,439


1,113,008


806,633












Total GP% on seed and other crop revenue


14.3%


8.5%


11.2%


27.3%


12.7%












Total GP% excluding stevia inventory reserve


19.1%




13.4%





Overall gross margins, including the company's milling and stevia operations, which includes a $0.3 million inventory valuation reserve for stevia, were 11.6% compared to 16.0% in the first quarter of fiscal 2013 and 32.2% in the second quarter of the prior year due in part to the stevia valuation reserve as well as lower gross profit contributions from the company's milling operations.  The company recorded a $0.3 million inventory valuation reserve for stevia due to the Company's evaluation of its projected yields and agronomic practices.



Three Months Ended


Three Months Ended



December 31,


September 30,



2012


2011


2012














S&W


IVS


Consolidated


S&W


S&W












Total revenue

$

6,387,230

$

7,298,653

$

13,685,883

$

4,728,029

$

6,719,735

Total cost of revenue


5,423,028


6,678,403


12,101,431


3,204,236


5,641,333

Total gross profit

$

964,202

$

620,250

$

1,584,452

$

1,523,793

$

1,078,402

Total GP%


15.1%


8.5%


11.6%


32.2%


16.0%

Total GP% excluding stevia inventory reserve


19.8%




13.8%





Adjusted non-GAAP net income for the second quarter of fiscal 2013, excluding the stevia valuation reserve and acquisition related expenses (See Non-GAAP Adjustments to Income Statement), was $351,000, or $0.05 per basic and $0.04 per diluted share, compared to $89,000, or $0.01 per basic and diluted share, in the first quarter of fiscal 2013, and compared to $443,000, or $0.08 per basic and diluted share, in the second quarter of fiscal 2012.  Including the stevia reserve and acquisition-related expenses, net income was $147,000, or $0.02 per basic and diluted share.

Adjusted EBITDA, a non-GAAP metric (See Table A), for the second quarter of fiscal 2013 was $859,000 compared with $717,000 in the second quarter of fiscal 2012, an increase of 20%, and compared to $325,000 in the first quarter of fiscal 2013, an increase of 172%.

Management Discussion
Mark Grewal, president and chief executive officer of S&W Seed Company, commented, "The company's strategic plan to expand the overall acreage dedicated to the core S&W proprietary alfalfa seed business, which should allow for long-term gross margin expansion, is beginning to come to fruition. We are planning towards the gradual transition of IVS's seed production grower base to S&W's varieties, while simultaneously looking to secure additional acreage through contracting, leasing or acquiring farmland, or the acquisition of an entire company's operations and related farmland availability. We are dedicated to meeting the strong demand in the marketplace for our proprietary alfalfa seed varieties and becoming an industry leader for years to come."

Mr. Grewal continued, "As of today, the company anticipates securing alfalfa seed for the fall 2013 harvest from several sources.  Depending upon yields, we expect to have approximately 9 to 10 million pounds of seed available to sell from various sources, which include S&W and IVS's proprietary varieties, as well as certified public and non-certified varieties that have historically been a portion of the IVS business model.  These estimates do not account for any acquisitions of land or otherwise that have not yet been announced."

Mr. Grewal commented on the quarterly results, "We are pleased with the strong progress that has been made in our initiatives to more accurately align our sales prices with our cost of production, resulting in our organic S&W seed and crop margins increasing from 12.8% in first quarter to 19.1% in the current quarter. Our goal is to continue to obtain higher pricing for our high yielding, non-dormant, proprietary alfalfa seed varieties which will be more commensurate with the improved yield and profit potential that it brings to a alfalfa hay farmer. Great progress was made during the current quarter, and I expect more progress to be made going forward as we continue to educate our customer base about the economic advantages of using our S&W varieties and fully integrate the IVS operations into those of S&W."

Matthew Szot, chief financial officer of S&W Seed Company, commented, "In January 2013, we completed a public offering of common stock generating gross proceeds of $10.5 million that will allow us to continue being proactive in our pursuit of agricultural companies and farmland to expand upon the S&W platform.  Our near-term goals are to maximize the production of our alfalfa seed varieties to meet the strong demand in the marketplace as well as to continue to diversify of our sales channels. We are working diligently to look for opportunities that will be a good fit with S&W."

Mr. Grewal concluded, "We are confident in our abilities to continue executing upon the near-term strategic plan of expanding production, while increasing profitability through our gross margin improvement initiatives.  From a longer-term standpoint, we are making strong progress in our collaboration with Monsanto and FGI to develop biotech varieties that will incorporate the Roundup Ready® trait into specific non-dormant S&W-developed varieties.  Additionally, our breeders continue to make progress in maximizing the dormant seed germ plasm that we acquired last year to expand into this previously untapped market. With the short-term and long-term initiatives we have in place, we are positioning S&W to capture an increased share of the alfalfa seed market today and in the foreseeable future."

Conference Call
S&W Seed Company has scheduled a conference call for today, Wednesday, February 13, 2013, at 4:30pm ET (1:30pm PT) to review the results. Interested parties can access the conference call by dialing (877) 317-6789 or (412) 317-6789 or can listen via a live Internet webcast, which is available in the Investor Relations section of the Company's website at http://www.swseedco.com/investors.htm.  A teleconference replay of the call will be available for three days at (877) 344-7529 or (412) 317-0088, confirmation #10024743. A webcast replay will be available in the Investor Relations section of the Company's website at http://www.swseedco.com/investors.htm for 30 days. 

Non-GAAP Measurements
This press release includes certain financial information which constitutes "non-GAAP financial measures" as defined by the SEC.  A full reconciliation of the non-GAAP measures to GAAP can be found in the tables of today's press release.  EBITDA and Adjusted EBITDA are supplemental to results presented under accounting principles generally accepted in the United States of America ("GAAP") and may not be comparable to similarly titled measures presented by other companies. These non-GAAP measures are used by management to facilitate period-to-period comparisons and analysis of S&W's operating performance and liquidity. Management believes these non-GAAP measures are useful to investors in trending, analyzing and benchmarking the performance and value of S&W's business. These non-GAAP measures should be considered in addition to, but not as a substitute for, other similar measures reported in accordance with GAAP.

About S&W Seed Company
Founded in 1980 and headquartered in the Central Valley of California, S&W Seed Company is a leading producer of warm climate, high yield alfalfa seed varieties, including varieties that can thrive in poor, saline soils, as verified over decades of university-sponsored trials. S&W also offers seed cleaning and processing at its 40-acre facility in Five Points, California. Additionally, the company has recently launched a business expansion initiative centered on its plan to mass produce stevia leaf in the U.S. in response to growing global demand for the all-natural, zero calorie sweetener from the food and beverage industry. For more information, please visit www.swseedco.com.

Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors and other risks identified in the company's Annual Report on Form 10-K for the fiscal year ended June 30, 2012, and in other filings made by the Company with the Securities and Exchange Commission.

S&W SEED COMPANY

(A NEVADA CORPORATION)

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)




















Three Months Ended


Six Months Ended



December 31,


December 31,



2012


2011


2012


2011






















NON-GAAP








NON-GAAP







GAAP


Adjustments

(Note A)


Adjusted




GAAP


Adjustments

(Note B)


Adjusted



Revenue

















  Seed and crop revenue

$

13,573,356



$

13,573,356

$

4,073,865

$

19,929,408



$

19,929,408

$

9,959,177

  Milling and other revenue


112,527




112,527


654,164


476,210




476,210


884,531

Total revenue


13,685,883




13,685,883


4,728,029


20,405,618




20,405,618


10,843,708


















Cost of revenue

















  Cost of seed and crop revenue


12,054,917


(300,000)


11,754,917


2,960,857


17,604,336


(300,000)


17,304,336


7,258,802

  Cost of milling and other revenue


46,514




46,514


243,379


138,428




138,428


309,821

Total cost of revenue


12,101,431


(300,000)


11,801,431


3,204,236


17,742,764


(300,000)


17,442,764


7,568,623


















Gross profit


1,584,452


300,000


1,884,452


1,523,793


2,662,854


300,000


2,962,854


3,275,085



12%




14%


32%


13%




15%


30%

Operating expenses

















  Selling, general and administrative expenses


1,065,089


(42,984)


1,022,105


761,765


1,815,440


(52,749)


1,762,691


1,469,718

  Research and development expenses


102,036




102,036


61,629


205,467




205,467


154,505

  Depreciation and amortization


150,364




150,364


65,516


220,149




220,149


136,611


















Total operating expenses


1,317,489


(42,984)


1,274,505


888,910


2,241,056


(52,749)


2,188,307


1,760,834


















Income from operations


266,963


342,984


609,947


634,883


421,798


352,749


774,547


1,514,251


















Other expense

















  Loss on disposal of fixed assets


-




-


26,362


-




-


26,362

  Interest expense, net


14,229




14,229


4,260


22,097




22,097


8,422


















Net income before income tax expense


252,734




595,718


604,261


399,701




752,450


1,479,467

  Income tax expense


106,125


138,119


244,244


161,197


164,336


144,169


308,505


513,638

Net income

$

146,609


204,865

$

351,474

$

443,064

$

235,365


208,580

$

443,945

$

965,829


















Net income per common share:

















  Basic

$

0.02



$

0.05

$

0.08

$

0.03



$

0.06

$

0.17

  Diluted

$

0.02



$

0.04

$

0.08

$

0.03



$

0.06

$

0.17


















Weighted average number of common shares outstanding:















  Basic


7,800,036




7,800,036


5,800,000


7,320,237




7,320,237


5,800,000

  Diluted


8,353,411




8,353,411


5,804,207


7,652,221




7,652,221


5,817,006


















Table A

S&W SEED COMPANY

(A NEVADA CORPORATION)

ITEMIZED RECONCILIATION BETWEEN NET INCOME AND NON-GAAP ADJUSTED EBITDA

(unaudited)




















Three Months Ended


Six Months Ended



December 31,


December 31,



2012


2011


2012


2011






















NON-GAAP








NON-GAAP







GAAP


Adjustments

(Note A)


Adjusted




GAAP


Adjustments

(Note B)


Adjusted




















Net income

$

146,609

$

204,865

$

351,474

$

443,064

$

235,365

$

208,580

$

443,945

$

965,829


















Depreciation and amortization


150,364




150,364


65,516


220,149




220,149


136,611


















Non-cash stock based compensation


99,130




99,130


42,983


189,961




189,961


67,303


















Interest expense, net


14,229




14,229


4,260


22,097




22,097


8,422


















Income tax expense


106,125




244,244


161,197


164,336




308,505


513,638


















Non-GAAP ADJUSTED EBITDA

$

516,457



$

859,441

$

717,020

$

831,908



$

1,184,657

$

1,691,803

Notes to Non-GAAP Adjustments:
Note A: Non-GAAP Adjustments for the three months ended December 31, 2012 include $300,000 pertaining to an inventory valuation reserve for the company's stevia operations, $42,984 pertaining to acquisition-related expenses associated with IVS, and a tax adjustment for the exclusion of the aforementioned inventory charges and business combination expenses.

Note B: Non-GAAP Adjustments for the six months ended December 31, 2012 include $300,000 pertaining to an inventory valuation reserve for the company's stevia operations, $52,749 pertaining to acquisition-related expenses associated with IVS, and a tax adjustment for the exclusion of the aforementioned inventory charges and business combination expenses.

S&W SEED COMPANY

(A NEVADA CORPORATION)

CONSOLIDATED BALANCE SHEETS

(unaudited)




December 31,


June 30,



2012


2012

ASSETS










CURRENT ASSETS





   Cash and cash equivalents

$

3,037,474

$

8,235,495

   Accounts receivable, net


14,669,480


2,716,985

   Inventories, net


3,011,867


6,116,785

   Prepaid expenses and other current assets


236,185


138,236

   Deferred tax asset


52,152


215,688

TOTAL CURRENT ASSETS


21,007,158


17,423,189






Property, plant and equipment, net of accumulated depreciation


8,731,544


2,441,186

Goodwill


1,402,000


-

Other intangibles, net


5,329,830


606,653

Crop production costs


3,048,003


1,098,292

Deferred tax asset - long term


464,375


464,375

TOTAL ASSETS

$

39,982,910

$

22,033,695






LIABILITIES AND STOCKHOLDERS' EQUITY















CURRENT LIABILITIES





   Accounts payable

$

3,655,836

$

1,141,162

   Accounts payable - related parties


2,286,332


307,589

   Accrued expenses and other current liabilities


305,218


454,512

   Current portion of long-term debt


254,514


-

TOTAL CURRENT LIABILITIES


6,501,900


1,903,263






Non-compete payment obligation, less current portion


200,000


-

Long-term debt, less current portion


6,829,951


-






TOTAL LIABILITIES


13,531,851


1,903,263






STOCKHOLDERS' EQUITY





   Preferred stock, $0.001 par value; 5,000,000 shares authorized;





  no shares issued and outstanding


-


-

   Common stock, $0.001 par value; 50,000,000 shares authorized;





   7,873,100 issued and outstanding at December 31, 2012; 6,873,000 issued and outstanding at June 30, 2012


7,873


6,873

   Additional paid-in capital


25,881,238


19,796,976

   Retained earnings


561,948


326,583

TOTAL STOCKHOLDERS' EQUITY


26,451,059


20,130,432

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

39,982,910

$

22,033,695






 

S&W SEED COMPANY

(A NEVADA CORPORATION)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)








Six Months Ended 



December 31,



2012


2011

CASH FLOWS FROM OPERATING ACTIVITIES





    Net income 

$

235,365

$

965,829

    Adjustments to reconcile net income from operating activities to net 





        cash provided by (used in) operating activities





        Stock-based compensation


189,961


67,303

        Change in allowance for doubtful accounts


10,445


(3,587)

        Inventory reserve


300,000


-

        Depreciation and amortization


220,149


136,611

        Loss on disposal of fixed assets


-


26,362

       Changes in:





           Accounts receivable


(11,962,940)


(2,256,819)

            Inventories


2,804,918


1,745,094

            Prepaid expenses and other current assets


(97,234)


53

            Crop production costs


(1,949,711)


(630,321)

            Deferred tax asset 


163,536


460,676

            Other asset - long term


-


(90,000)

            Accounts payable


2,514,674


2,444,371

            Accounts payable - related parties


1,978,743


611,005

            Accrued expenses and other current liabilities


(199,294)


(66,686)

                Net cash provided by (used in) operating activities


(5,791,388)


3,409,891






CASH FLOWS FROM INVESTING ACTIVITIES





    Additions to property, plant and equipment


(6,396,184)


(175,150)

    Acquisition of customer list


-


(165,000)

    Acquisition of business


(3,000,000)


-

    Acquisition of germ plasm


(57,500)


-

                Net cash used in investing activities


(9,453,684)


(340,150)






CASH FLOWS FROM FINANCING ACTIVITIES





 Net proceeds from sale of common stock


3,462,586


-

 Borrowings on line of credit


4,000,000


-

 Borrowings of long-term debt


2,625,000


-

 Repayments of long-term debt


(40,535)


-

                Net cash provided by financing activities


10,047,051


-






NET INCREASE OR (DECREASE) IN CASH


(5,198,021)


3,069,741






CASH AND CASH EQUIVALENTS, beginning of the period


8,235,495


3,738,544






CASH AND CASH EQUIVALENTS, end of period

$

3,037,474

$

6,808,285

SOURCE S&W Seed Company

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
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
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...
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 & ...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
The Quantified Economy represents the total global addressable market (TAM) for IoT that, according to a recent IDC report, will grow to an unprecedented $1.3 trillion by 2019. With this the third wave of the Internet-global proliferation of connected devices, appliances and sensors is poised to take off in 2016. In his session at @ThingsExpo, David McLauchlan, CEO and co-founder of Buddy Platform, will discuss how the ability to access and analyze the massive volume of streaming data from mil...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
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 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 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...
WebSocket is effectively a persistent and fat pipe that is compatible with a standard web infrastructure; a "TCP for the Web." If you think of WebSocket in this light, there are other more hugely interesting applications of WebSocket than just simply sending data to a browser. In his session at 18th Cloud Expo, Frank Greco, Director of Technology for Kaazing Corporation, will compare other modern web connectivity methods such as HTTP/2, HTTP Streaming, Server-Sent Events and new W3C event APIs ...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. 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 DevO...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...