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Fidelity National Financial, Inc. Reports Fourth Quarter 2012 EPS of $0.66, Pre-Tax Title Margin of 16.0% and Record Commercial Title Revenue of $143 Million

JACKSONVILLE, Fla., Feb. 19, 2013 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance, mortgage services and diversified services, today reported operating results for the three-month and twelve-month periods ended December 31, 2012.

  • Pre-tax title margin of 16.0% for the fourth quarter versus 11.7% in the fourth quarter of 2011, a 430 basis point, or 37%, increase over the prior year 
  • Open title orders of 677,400 for the fourth quarter, an increase of 135,400, or 25%, over the fourth quarter of 2011; open orders per day of 10,750 for the fourth quarter versus 8,740 open orders per day for the fourth quarter of 2011; 68% of fourth quarter open title orders were refinance related
  • Fourth quarter commercial title revenue of $142.6 million, a 37% increase over the fourth quarter of 2011, driven by a 28% improvement in the commercial fee per file and an 8% increase in closed orders
  • Overall fourth quarter average fee per file of $1,565, a 6% increase over the fourth quarter of 2011, despite a larger percentage of refinance orders
  • Restaurant group revenue of $357 million, adjusted EBITDA of $18.2 million, adjusted EBITDA margin of 5.1% and a pre-tax loss of $4.7 million
  • Remy total revenue of $275 million, adjusted EBITDA of $40.1 million, adjusted EBITDA margin of 14.6% and pre-tax earnings of $9 million

Consolidated ($ in millions except per share amounts)


 

Three Months Ended
December 31, 2012

 

Three Months Ended

December 31, 2011

Total revenue

$2,235.0

$1,272.9

Net earnings attributable to common shareholders

$151.8

$172.7*

Net earnings per diluted share attributable to common shareholders

$0.66

$0.78*

Cash flow from operations

$243.0

$55.0

* Includes $83.3 million, or $0.38 per diluted share, in earnings from discontinued operations, primarily due to the sale of the flood insurance business in the fourth quarter of 2011


 

Twelve Months Ended
  December 31, 2012

 

Twelve Months Ended

December 31, 2011

Total revenue

$7,201.7

$4,839.6

Net earnings attributable to common shareholders

$606.5

$369.5

Net earnings per diluted share attributable to common shareholders

$2.68

$1.66

Cash flow from operations

$620.0

$110.3

The following are summary financial and operational results for the operating segments of FNF for the three-month and twelve-month periods ended December 31, 2012 and 2011:

Fidelity National Title Group ("FNT") ($ in millions)


Three Months Ended
December 31, 2012

Three Months Ended
December 31, 2011

Total revenue

$1,589.5

$1,262.0

Pre-tax earnings

$250.8

$142.2

Realized losses

$3.7

$6.5

Adjusted pre-tax earnings

$254.5

$148.7

Adjusted pre-tax margin

16.0%

11.7%


 

Twelve Months Ended
  December 31, 2012

 

Twelve Months Ended
December 31, 2011

Total revenue

$5,625.8

$4,792.9

Pre-tax earnings

$783.1

$530.3

Realized gains

($0.9)

($7.0)

Claims recoupment impairment

$10.8

--

Adjusted pre-tax earnings

$793.0

$523.3

Adjusted pre-tax margin

14.1%

10.9%




 

Month

Direct Orders Opened

Direct Orders Closed

October 2012

268,200

178,600

November 2012

215,000

164,400

December 2012

194,200

174,700

Fourth Quarter 2012

677,400

517,700




October 2011

190,700

136,300

November 2011

178,500

136,700

December 2011

172,800

138,400

Fourth Quarter 2011

542,000

411,400





Open
Commercial
Orders

Closed
Commercial
Orders

Commercial
Revenue

(millions)

 

Commercial
Fee Per File

4th Quarter 2012

18,300

13,500

$142.6

$10,600

4th Quarter 2011

17,400

12,500

$103.8

$8,300

- The preceding table only includes commercial activity from FNF's commercial offices in the national commercial division and does not attempt to capture potential commercial activity in our local offices.

Restaurant Group ($ in millions)


 

Three Months Ended
December 31, 2012

Twelve Months
(Partial)* Ended
December 31, 2012

Operating revenue

$358.5

$909.3

Realized gains (losses)

($1.9)

$118.7

Total revenue

$356.6

$1,028.0

Pre-tax earnings (loss)

($4.7)

$101.0

Depreciation & amortization

$15.2

$35.2

Interest expense

$1.4

$3.4

EBITDA

$11.9

$139.6

Realized (gains) losses

$1.9

($118.7)

Transaction and integration costs

$4.4

$18.8

Adjusted EBITDA

$18.2

$39.7

Adjusted EBITDA margin

5.1%

4.4%

            * Covers period from May 11, 2012December 31, 2012

Remy ($ in millions)

 

 

 

 

Three Months Ended

December 31, 2012

 

 

Twelve Months
(Partial)** Ended
December 31, 2012

Operating revenue

$274.5

$417.5

Interest and investment income

$0.5

$0.7

Realized gains (losses)

($0.1)

$78.8

Total revenue

$274.9

$497.0

Pre-tax earnings

$9.0

$88.5

Depreciation & amortization

$21.3

$28.1

Interest expense

$6.6

$10.2

EBITDA

$36.9

$126.8

Realized (gains) losses

$0.1

($78.8)

Stock compensation and restructuring charge

$3.1

$4.7

Inventory step-up adjustment

--

$8.5

Adjusted EBITDA

$40.1

$61.2

Adjusted EBITDA margin

14.6%

14.7%

          ** Covers period from August 15, 2012December 31, 2012

"The fourth quarter was a great finish to a very strong year for our company," said Chief Executive Officer George P. Scanlon.  "While refinance transactions remained strong, we also saw improvement in the level of purchase transactions, as we experienced an 11% increase in open resale orders during the fourth quarter versus the prior year quarter.  We are encouraged as we look to 2013.  We are proud of the 16% pre-tax margin our title business generated this quarter.  That margin is nearly equal to the peak title margin we earned in 2003, a year that saw total mortgage originations of $3.8 trillion, more than double the projection of total mortgage originations for 2012.  In what remains a sluggish residential real estate market, this is an accomplishment that all of our employees can truly be proud to have achieved.  For full-year 2012, our pre-tax title margin was an impressive 14.1%.  Our commercial title business had a tremendous quarter, generating nearly $143 million in revenue, by far the strongest commercial quarter in the history of our company.  For the full year 2012, commercial title revenue was nearly $412 million, an increase of 13% versus 2011.  Overall, open title order counts remained robust during the quarter, despite the normal seasonal slowdown in the second half of December and we enter 2013 confident that we can continue to generate strong, industry-leading profitability in our title insurance business."

"2012 was a year of milestones for our two major non-title businesses," said Chairman William P. Foley, II.  "Our restaurant group expanded significantly with the acquisitions of O'Charley's and J. Alexander's, growing from a revenue base of approximately $400 million entering 2012 to more than $1.4 billion entering 2013.  We began consolidating the restaurant group's results in May 2012 and as we enter 2013, we remain focused on integrating the headquarters in Nashville, improving the financial performance of the O'Charley's concept and building our restaurant group into an asset that can provide significant value for FNF shareholders.  Remy also had several significant events occur in 2012.  In August, FNF acquired 1.5 million additional shares of Remy common stock and became the majority owner of the company, causing the consolidation of Remy's financials into FNF.  Additionally, Remy successfully became listed on the NASDAQ Stock Market, under the trading symbol "REMY", creating additional liquidity for its common stock.  We are excited about the new leadership and future for Remy and look forward to continued future operational and financial success that will benefit all Remy shareholders."

Conference Call
FNF will host a call with investors and analysts to discuss fourth quarter 2012 results on Wednesday, February 20, 2013, beginning at 11:00 a.m. Eastern Time.  A live webcast of the conference call will be available on the Events and Multimedia page of the FNF Investor Relations website at www.fnf.com.  The conference call replay will be available via webcast through the FNF Investor Relations website at www.fnf.com.  The telephone replay will be available from 1:00 p.m. Eastern time on February 20, 2013, through February 27, 2013, by dialing 800-475-6701 (USA) or 320-365-3844 (International).  The access code will be 278625.

About FNF
Fidelity National Financial, Inc. (NYSE:FNF), is a leading provider of title insurance, mortgage services and other diversified services.  FNF is the nation's largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title - that collectively issue more title insurance policies than any other title company in the United States.  FNF owns a 55% stake in American Blue Ribbon Holdings, LLC, a restaurant owner and operator of the O'Charley's, Ninety Nine Restaurant, Max & Erma's, Village Inn, Bakers Square and Stoney River Legendary Steaks concepts and FNF also owns 100% of J. Alexander's, an upscale dining concept.  In addition, FNF also owns a 51% stake in Remy International, Inc., a leading worldwide manufacturer, remanufacturer, and distributor of starters and alternators for light vehicle and commercial vehicle applications, locomotive products and hybrid electric motors.  FNF owns Digital Insurance, Inc., the nation's leading employee benefits platform specializing in health insurance distribution and benefits management for small and mid-sized businesses.  FNF also owns a minority interest in Ceridian Corporation, a leading provider of global human capital management and payment solutions.  More information about FNF can be found at www.fnf.com.

Use of Non-GAAP Financial Information
Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, the Company has provided non-GAAP financial measures, which it believes are useful to help investors better understand its financial performance, competitive position and prospects for the future. These non-GAAP measures include earnings before interest, taxes and depreciation and amortization (EBITDA) and adjusted earnings before interest, taxes and depreciation and amortization (Adjusted EBITDA).

Any non-GAAP measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP net earnings. Further, FNF's non-GAAP measures may be calculated differently from similarly titled measures of other companies. Reconciliations of these non-GAAP measures to related GAAP measures are provided above.

Forward Looking Statements
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.  The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; weakness or adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U. S. economy; our potential inability to find suitable acquisition candidates, acquisitions in lines of business that will not necessarily be limited to our traditional areas of focus, or difficulties in integrating acquisitions; our dependence on distributions from our title insurance underwriters as a main source of cash flow; significant competition that our operating subsidiaries face; compliance with extensive government regulation of our operating subsidiaries; and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.

 

FIDELITY NATIONAL FINANCIAL, INC.
SUMMARY OF EARNINGS
(In millions, except order information in 000's)
(Unaudited)


      Three Months Ended


              Twelve Months Ended


       December 31,


              December 31,


2012

2011


2012

2011

Direct title premiums

$517.9


$377.4


$1,736.0


$1,431.5

Agency title premiums

599.1


495.6


2,100.5


1,829.6

  Total title premiums

1,117.0


873.0


3,836.5


3,261.1

Escrow, title-related and other fees

455.6


370.9


1,707.6


1,429.1

  Total title and escrow

1,572.6


1,243.9


5,544.1


4,690.2

Restaurant revenue

358.5


--


909.3


--

Remy revenue

274.5


--


417.5


--

Interest and investment income

35.1


35.7


143.9


142.7

Realized gains and losses

(5.7)


(6.7)


186.9


6.7

  Total revenue

2,235.0


1,272.9


7,201.7


4,839.6









Personnel costs

542.5


408.2


1,872.9


1,578.0

Other operating expenses

361.2


277.4


1,303.6


1,083.0

Cost of restaurant revenue

300.9


--


774.2


--

Cost of Remy revenue (includes $20.4 million and
$26.7 million of D&A, respectively)

224.9


--


349.5


--

Agent commissions

455.3


377.7


1,599.4


1,410.8

Depreciation and amortization

33.7


17.9


105.0


73.5

Title claim loss expense

78.2


59.7


279.3


222.3

Interest expense

24.2


15.1


74.4


57.2

  Total expenses

2,020.9


1,156.0


6,358.3


4,424.8









Earnings from continuing operations before taxes

214.1


116.9


843.4


414.8

Income tax expense

57.9


27.1


246.7


134.4

Earnings from continuing operations before equity
investments

156.2


89.8


596.7


280.4

Earnings from equity investments

(2.9)


2.0


9.9


9.7

Net earnings from continuing operations

153.3


91.8


606.6


290.1

Income from discontinued operations, net of tax

--


83.3


5.1


89.0

 Net earnings

153.3


175.1


611.7


379.1

Non-controlling interests

1.5


2.4


5.2


9.6

Net earnings attributable to common shareholders

$151.8


$172.7


$606.5


$369.5

Earnings per share:








      Net earnings attributable to common shareholders - basic

$0.68


$0.80


$2.74


$1.69

      Net earnings attributable to common shareholders -diluted

$0.66


$0.78


$2.68


$1.66

   

Weighted average shares – basic

224.2


217.1


221.2


219.0

Weighted average shares – diluted

229.2


220.9


226.0


222.7









Direct operations orders opened (000's)

677.4


542.0


2,702.0


2,140.1

Direct operations orders closed (000's)

517.7


411.4


1,866.5


1,514.2

Fee per file

$1,565


$1,477


$1,487


$1,489

Actual title claims paid

$131.1


$153.0


$433.3


$520.4












 


FIDELITY NATIONAL FINANCIAL, INC.
FOURTH QUARTER SEGMENT INFORMATION
(In millions, except order information in 000's)
(Unaudited)








Three Months Ended  

December 31, 2012

   Consolidated

FNT

Restaurant Group

Remy

 

   Corporate

   and Other


Gross operating revenue

$2,205.6

$1,559.0

$358.5

$274.5

$13.6









Interest and investment income

35.1

34.2

--

0.5

0.4


Realized gains and losses

(5.7)

(3.7)

(1.9)

(0.1)

--


  Total revenue

2,235.0

1,589.5

356.6

274.9

14.0









Personnel costs

542.5

480.6

18.7

21.5

21.7


Other operating expenses

361.2

307.1

25.1

12.0

17.0


Cost of revenue

525.8

--

300.9

224.9

--


Agent commissions

455.3

455.3

--

--

--


Depreciation and amortization

33.7

16.7

15.2

0.9

0.9


Title claim loss expense

78.2

78.2

--

--

--


Interest expense

24.2

0.8

1.4

6.6

15.4


  Total expenses

2,020.9

1,338.7

361.3

265.9

55.0


Pre-tax earnings from continuing operations

214.1

250.8

(4.7)

9.0

(41.0)









Pre-tax margin

9.6%

15.8%

--

3.3%

--


Pre-tax margin , excluding realized gains and losses

9.8%

16.0%

--

3.3%

 

--









Open orders

677.4

677.4

--

--

--


Closed orders

517.7

517.7

--

--

--









Three Months Ended  

December 31, 2011

   Consolidated

FNT

Restaurant Group

Remy

 

   Corporate

   and Other


Gross operating revenue

$1,243.9

$1,233.9

--

--

$10.0


Interest and investment income

35.7

34.6

--

--

1.1


Realized gains and losses

(6.7)

(6.5)

--

--

(0.2)


  Total revenue

1,272.9

1,262.0

--

--

10.9









Personnel costs

408.2

400.0

--

--

8.2


Other operating expenses

277.4

264.7

--

--

12.7


Agent commissions

377.7

377.7

--

--

--


Depreciation and amortization

17.9

17.1

--

--

0.8


Title claim loss expense

59.7

59.7

--

--

--


Interest expense

15.1

0.6

--

--

14.5


  Total expenses

1,156.0

1,119.8

--

--

36.2


Pre-tax earnings from continuing operations

116.9

142.2

--

--

(25.3)









Pre-tax margin

9.2%

11.3%

--

--

--


Pre-tax margin, excluding realized gains and losses

9.7%

11.7%

--

--

 

--









Open orders

542.0

542.0

--

--

--


Closed orders

411.4

411.4

--

--

--


 


FIDELITY NATIONAL FINANCIAL, INC.
YTD SEGMENT INFORMATION
(In millions, except order information in 000's)
(Unaudited)










Twelve Months Ended  

December 31, 2012

   Consolidated

FNT

Restaurant Group

Remy

 

   Corporate

   and Other


Gross operating revenue

$6,870.9

$5,486.8

$909.3

$417.5

$57.3









Interest and investment income

143.9

138.1

--

0.7

5.1


Realized gains and losses

186.9

0.9

118.7

78.8

(11.5)


  Total revenue

7,201.7

5,625.8

1,028.0

497.0

50.9









Personnel costs

1,872.9

1,752.0

43.4

29.4

48.1


Other operating expenses

1,303.6

1,145.5

70.8

18.0

69.3


Cost of revenue

1,123.7

--

774.2

349.5

--


Agent commissions

1,599.4

1,599.4

--

--

--


Depreciation and amortization

105.0

65.3

35.2

1.4

3.1


Title claim loss expense

279.3

279.3

--

--

--


Interest expense

74.4

1.2

3.4

10.2

59.6


  Total expenses

6,358.3

4,842.7

927.0

408.5

180.1


Pre-tax earnings from continuing operations

843.4

783.1

101.0

88.5

(129.2)









Pre-tax margin

11.7%

13.9%

9.8%

17.8%

--


Pre-tax margin, excluding
realized gains and losses and
claims recoupment impairment

9.5%

14.1%

--

2.3%

 

 

--









Open orders

2,702.0

2,702.0

--

--

--


Closed orders

1,866.5

1,866.5

--

--

--









Twelve Months Ended  

December 31, 2011

   Consolidated

FNT

Restaurant Group

Remy

 

   Corporate

   and Other


Gross operating revenue

$4,690.2

$4,644.6

--

--

$45.6


Interest and investment income

142.7

141.3

--

--

1.4


Realized gains and losses

6.7

7.0

--

--

(0.3)


  Total revenue

4,839.6

4,792.9

--

--

46.7









Personnel costs

1,578.0

1,529.9

--

--

48.1


Other operating expenses

1,083.0

1,027.6

--

--

55.4


Agent commissions

1,410.8

1,410.8

--

--

--


Depreciation and amortization

73.5

70.6

--

--

2.9


Title claim loss expense

222.3

222.3

--

--

--


Interest expense

57.2

1.4

--

--

55.8


  Total expenses

4,424.8

4,262.6

--

--

162.2


Pre-tax earnings from continuing operations

414.8

530.3

--

--

(115.5)









Pre-tax margin

8.6%

11.1%

--

--

--


Pre-tax margin, excluding realized gains and losses

8.4%

10.9%

--

--

 

--









Open orders

2,140.1

2,140.1

--

--

--


Closed orders

1,514.2

1,514.2

--

--

--


 



FIDELITY NATIONAL FINANCIAL, INC
SUMMARY BALANCE SHEET INFORMATION
(In millions, except per share amounts)



December 31,


December 31,



2012


2011



 (Unaudited)



Cash and investment portfolio


$5,184.9


$4,717.4

Goodwill


1,908.5


1,452.2

Title plant


374.2


386.7

Total assets


9,902.6


7,862.1

Notes payable


1,343.9


915.8

Reserve for title claim losses


1,748.0


1,912.8

Secured trust deposits


528.3


419.9

Total equity


4,749.1


3,655.9

Book value per share


$20.78


$16.57

SOURCE Fidelity National Financial, Inc.

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One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, will describe an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people’s real needs and desires.
SYS-CON Events announced today that TeleStax, the main sponsor of Mobicents, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TeleStax provides Open Source Communications software and services that facilitate the shift from legacy SS7 based IN networks to IP based LTE and IMS networks hosted on private (on-premise), hybrid or public clouds. TeleStax products include Restcomm, JSLEE, SMSC Gateway, USSD Gateway, SS7 Resource Adaptors, SIP Servlets, Rich Multimedia Services, Presence Services/RCS, Diame...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: Samsung recognizes that true, accelerated innovation cannot be driven from one source, but requires a...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money! Speaker Bio: Esmeralda Swartz, CMO of MetraTech, has spent 16 years as a marketing, product management, and busin...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, will address the big issues involving these technologies and, more important, the results they will achieve. How important are public, private, and hybrid cloud to the enterprise? How does one define Big Data? And how is the IoT tying all this together?
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
SYS-CON Events announces a new pavilion on the Cloud Expo floor where WebRTC converges with the Internet of Things. Pavilion will showcase WebRTC and the Internet of Things. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices--computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridsto...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at Internet of @ThingsExpo, Andrew Bolwell, Director of Innovation for HP’s Printing and Personal Systems Group, will discuss how key attributes of mobile technology – touch input, senso...
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.