Welcome!

.NET Authors: Liz McMillan, Carmen Gonzalez, Elizabeth White, Greg O'Connor, Jason Bloomberg

News Feed Item

Healthcare Trust of America, Inc. Reports 23.1% Increase In Normalized FFO Per Share And 3.8% Same-Store Growth

SCOTTSDALE, Ariz., Feb. 20, 2013 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE:HTA) ("HTA") announced results for the quarter and year ended December 31, 2012.

Normalized FFO increased 23.1% to $0.16 per share as compared to Q4 2011, driven by acquisitions, positive leasing activity, and the continued focus on reducing operating expenses.  During the quarter, HTA completed a $26.8 million on-campus acquisition and was added to the MSCI US REIT Index (RMZ).  Looking forward, HTA expects to continue its focus on value creation for its stockholders by prudently investing in high quality on-campus medical office buildings ("MOBs"), operating its national portfolio and enhancing its investment grade balance sheet.

2012 Highlights

Operating - Fourth Quarter

  • Normalized FFO: $0.16 per share, or $34.2 million, an increase of $0.03 per share, or 23.1%, compared to Q4 2011.
  • Normalized FAD: $0.14 per share, or $30.4 million, an increase of $0.04 per share, or 40.0%, compared to Q4 2011.
  • Same Property Cash NOI: $43.7 million, an increase of $1.6 million, or 3.8%, compared to Q4 2011.
  • Rental Income: $73.4 million, an increase of $7.7 million, or 11.8%, compared to Q4 2011.
  • NOI: $52.0 million, an increase of $6.8 million, or 14.9%, compared to Q4 2011.

Operating - Full Year

  • Normalized FFO: $0.61 per share, or $135.3 million, an increase of $0.09 per share, or 17.3%, compared to 2011.
  • Normalized FAD: $0.53 per share, or $117.9 million, an increase of $0.09 per share, or 20.5%, compared to 2011.
  • Same Property Cash NOI: $172.6 million, an increase of $3.4 million, or 2.0%, compared to 2011.
  • Rental Income: $295.3 million, an increase of $25.7 million, or 9.5%, compared to 2011.
  • NOI: $204.3 million, an increase of $18.7 million, or 10.0%, compared to 2011.

Portfolio

  • Acquisitions: Completed the acquisition of the 100% leased, approximately 69,000 square foot on-campus Forest Park Pavilion for $26.8 million.  For the full year, HTA acquired $294.9 million of high quality on-campus or aligned medical office buildings.  The acquisitions totaled over 1.3 million square feet and were over 99% occupied at acquisition.
  • In-house Property Management: During the year HTA transitioned 4.9 million square feet of GLA to its in-house property management and leasing platform.  As of December 31, 2012, HTA had approximately 70% of its GLA managed internally.  With the addition of HTA's Atlanta and Arizona teams in 2013, HTA currently manages approximately 80% of its GLA internally.
  • Tenant Retention: Tenant retention for the quarter and the year was 86.5% by GLA.
  • Occupancy: The occupancy rate of HTA's portfolio remained at 91.1% by GLA.
  • Portfolio: As of December 31, 2012, HTA's portfolio consisted primarily of MOBs, 95.7% of GLA was on-campus or aligned with dominant healthcare systems totaling 12.6 million square feet of GLA in 27 states.
  • Credit Rated Tenants: Investment grade rated tenants as a percent of annualized base rent was 39.8% as of December 31, 2012 and 56.3% of HTA's annualized base rent was derived from tenants that have (or whose parent companies have) a credit rating from a nationally recognized rating agency.

Balance Sheet and Liquidity

  • Listed Shares on the NYSE: On June 6, 2012, HTA listed its Class A shares on the New York Stock Exchange ("NYSE") under the symbol "HTA".
  • MSCI US REIT Index (RMZ): In December 2012, HTA was added to the MSCI US REIT Index (RMZ).
  • Share Conversion: In December 2012, HTA's Class B-1 shares converted to Class A shares.  As a result of this conversion, HTA had 100.1 million Class A shares outstanding which are eligible to trade on the NYSE as of December 31, 2012.  The Class B-2 and Class B-3 shares are scheduled to convert to Class A shares in June 2013 and December 2013, respectively.
  • Balance Sheet: As of December 31, 2012, HTA had total liquidity of $519.0 million, including $503.0 million of availability on its unsecured revolving credit facility.  Total debt to total capitalization was 32.8%.  During 2012, HTA entered into a new $575.0 million revolving credit facility, with extended term and lower pricing, and closed on $455.0 million in 4 and 7 year term loans.  The total cost of HTA's debt decreased by over 100 basis points to 4.06% per annum.

Financial Results

FFO and Normalized FFO

Funds from Operations, or FFO, was $0.13 per share, or $26.8 million, for the three months ended December 31, 2012, compared to $0.13 per share, or $28.7 million, for the three months ended December 31, 2011.

Normalized FFO was $0.16 per share, or $34.2 million, for the three months ended December 31, 2012, compared to $0.13 per share, or $30.4 million, for the three months ended December 31, 2011.

Normalized FAD

Normalized Funds Available for Distribution, or Normalized FAD, was $0.14 per share, or $30.4 million, for the three months ended December 31, 2012, an increase of 40.0% from $0.10 per share, or $22.9 million, for the three months ended December 31, 2011.  The fourth quarter payout ratio was approximately 100% of Normalized FAD.

Rental Income

Rental income increased 11.8% to $73.4 million for the three months ended December 31, 2012, compared to $65.7 million for the three months ended December 31, 2011. The increase in rental income was driven by $294.9 million of completed MOB acquisitions during 2012 and same property portfolio growth.

NOI

Net Operating Income, or NOI, was $52.0 million for the three months ended December 31, 2012, compared to $45.2 million for the three months ended December 31, 2011.

Same Property Cash NOI

Same property cash NOI increased 3.8% to $43.7 million for the three months ended December 31, 2012, compared to $42.1 million for the three months ended December 31, 2011.

General and Administrative Expenses

General and administrative expenses were $5.7 million for the three months ended December 31, 2012, compared to $4.8 million for the three months ended December 31, 2011.  The increase was primarily due to the transition of property management and leasing to HTA's in-house asset management platform and other public company infrastructure costs.

Interest Expense and Change in the Fair Value of Derivative Financial Instruments

Interest expense and change in the fair value of derivative financial instruments for the three months ended December 31, 2012 was $11.9 million, which included $12.0 million of interest expense related to debt and interest rate swaps, which was partially offset by a $0.1 million gain on the change in the fair value of HTA's derivative financial instruments.  During the quarter, HTA paid off a $20.5 million variable rate mortgage.

During 2012, HTA entered into over $1.0 billion of new credit facilities which have been used to refinance its previous credit facility, pay off $120.7 million of fixed and variable rate mortgages, and to fund HTA's acquisitions and other initiatives, including the tender offer.  The net impact from these transactions was to lower the average borrowing rate and extend maturities.  The weighted average borrowing cost, inclusive of HTA's interest rate swaps and cap, decreased to 4.06% per annum from 5.25% per annum as of December 31, 2011.  Additionally, the weighted average remaining term of the debt portfolio increased from 4.1 years to 4.3 years. 

Net Loss

The net loss for the three months ended December 31, 2012 was $1.8 million, compared to net income of $2.0 million for the three months ended December 31, 2011.

Balance Sheet

As of December 31, 2012, HTA had total assets of $2.4 billion, cash and cash equivalents of $16.0 million and $503.0 million available on its unsecured revolving credit facility.  The leverage ratio of total debt to total capitalization was 32.8%.

Share Conversion

In December 2012, HTA's Class B-1 shares converted to Class A shares.  As a result of this conversion, the number of shares eligible to trade on the NYSE increased by 57.3 million.  Including this conversion, HTA had 100.1 million Class A shares outstanding.

Occupancy & Tenant Retention

The occupancy rate of HTA's portfolio, including month-to-month leases and leases that have been executed, but which have not yet commenced, remained at 91.1% by GLA.  Tenant retention for the quarter was 86.5% by GLA.

Credit Rated Tenants

Investment grade rated tenants as a percent of annualized base rent was 39.8% as of December 31, 2012 and 56.3% of HTA's annualized base rent is derived from tenants that have (or whose parent companies have) a credit rating from a nationally recognized rating agency.

In-House Property Management Platform

During the year ended December 31, 2012, HTA transitioned 4.9 million square feet of GLA to its in-house property management and leasing platform.  As of December 31, 2012, HTA had approximately 70% of its current GLA managed internally.

Funds from Operations, Normalized Funds from Operations and Funds Available for Distribution

HTA defines FFO, a non-GAAP measure, as net income or loss computed in accordance with GAAP, excluding gains or losses from sales of property and impairment write downs of depreciable assets, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures.  HTA presents FFO because it considers it an important supplemental measure of its operating performance and believes it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many which present FFO when reporting their results.  FFO is intended to exclude GAAP historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate diminishes ratably over time.  Historically, however, real estate values have risen or fallen with market conditions.  Because FFO excludes depreciation and amortization unique to real estate, gains and losses from property dispositions and extraordinary items, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, development activities and interest costs, providing perspective not immediately apparent from net income or loss.  FFO should not be considered as an alternative to net income or loss (computed in accordance with GAAP) as an indicator of our financial performance or to cash flow from operating activities (computed in accordance with GAAP) as an indicator of our liquidity, nor is it indicative of funds available to fund HTA's cash needs, including its ability to make distributions.  FFO should be reviewed in connection with other GAAP measurements.

Changes in the accounting and reporting rules under GAAP have prompted a significant increase in the amount of non-operating items included in FFO, as defined.  Therefore, HTA uses Normalized FFO, which excludes from FFO acquisition-related expenses, listing expenses, transitional expenses from a non-traded to a listed entity, net change in fair value of derivative financial instruments, debt extinguishment costs and other normalizing items, to further evaluate how its portfolio might perform after its acquisition stage is complete and the sustainability of its distributions in the future.  Other normalizing items include items such as legal settlements, lease termination fees, notes receivable discount adjustment and the write-off of deferred financing costs.  However, HTA's use of the term Normalized FFO may not be comparable to that of other real estate companies as they may have different methodologies for computing this amount.  Normalized FFO should not be considered as an alternative to net income or loss (computed in accordance with GAAP) as an indicator of HTA's financial performance or to cash flow from operating activities (computed in accordance with GAAP) as an indicator of HTA's liquidity, nor is it indicative of funds available to fund HTA's cash needs, including its ability to make distributions.  Normalized FFO should be reviewed in connection with other GAAP measurements.

HTA defines Normalized FAD, a non-GAAP measure, which excludes from Normalized FFO other income, non-cash compensation expense, straight-line rent adjustments, amortization of acquired below and above market leases, deferred revenue - tenant improvement related, amortization of deferred financing costs and recurring capital expenditures, tenant improvements and leasing commissions.  HTA believes Normalized FAD provides a meaningful supplemental measure of its ability to fund its ongoing distributions.  In order to understand and analyze HTA's liquidity, Normalized FAD should be compared with cash flow (computed in accordance with GAAP).  Normalized FAD should not be considered as an alternative to net income or loss (computed in accordance with GAAP) as an indicator of HTA's financial performance or to cash flow from operating activities (computed in accordance with GAAP) as an indicator of HTA's liquidity.  Normalized FAD should be reviewed in connection with other GAAP measurements.   

The following is the reconciliation of FFO, Normalized FFO and Normalized FAD to net income or loss for the three months and year ended December 31, 2012 and 2011 (amounts in thousands, except per share amounts): 


Three Months Ended
December 31,


Year Ended
December 31,


2012


2011


2012


2011

Net (loss) income

$

(1,817)


$

2,007


$

(24,368)


$

5,593

Depreciation and amortization expense

28,639


26,731


116,418


107,542

FFO

$

26,822


$

28,738


$

92,050


$

113,135

FFO per share - basic

$

0.13


$

0.13


$

0.41


$

0.51

FFO per share - diluted

$

0.13


$

0.13


$

0.41


$

0.50

Acquisition-related expenses

2,210


303


8,843


2,130

Listing expenses

5,278



22,573


Transitional expenses

143



2,197


Net change in fair value of derivative financial instruments

(148)


(307)


7,667


856

Debt extinguishment costs



1,886


Other normalizing items

(60)


1,704


86


287

Normalized FFO

$

34,245


$

30,438


$

135,302


$

116,408

Normalized FFO per share - basic

$

0.16


$

0.13


$

0.61


$

0.52

Normalized FFO per share - diluted

$

0.16


$

0.13


$

0.61


$

0.52









Normalized FFO

$

34,245


$

30,438


$

135,302


$

116,408

Other income

(22)


(13)


(89)


(174)

Non-cash compensation expense

599


662


1,756


3,221

Straight-line rent adjustments, net

(1,395)


(2,024)


(7,857)


(9,112)

Amortization of acquired below and above market leases

605


735


2,203


2,683

Deferred revenue - tenant improvement related

(145)


(459)


(557)


(1,169)

Amortization of deferred financing costs

840


737


3,312


3,177

Recurring capital expenditures, tenant improvements and leasing commissions

(4,324)


(7,175)


(16,126)


(17,339)

Normalized FAD

$

30,403


$

22,901


$

117,944


$

97,695

Normalized FAD per share - basic

$

0.14


$

0.10


$

0.53


$

0.44

Normalized FAD per share - diluted

$

0.14


$

0.10


$

0.53


$

0.44

Weighted average number of shares outstanding








Basic

214,412


227,825


222,713


223,900

Diluted

214,567


228,317


222,869


224,392

Net Operating Income, Cash Net Operating Income and Same Property Cash Net Operating Income

NOI is a non-GAAP financial measure that is defined as net income or loss, computed in accordance with GAAP, generated from HTA's total portfolio of properties before general and administrative expenses, acquisition-related expenses, depreciation and amortization expense, listing expenses, non-traded REIT expenses, interest expense and net change in the fair value of derivative financial instruments, debt extinguishment costs and other income.  HTA believes that NOI provides an accurate measure of the operating performance of its operating assets because NOI excludes certain items that are not associated with management of the properties.  Additionally, HTA believes that NOI is a widely accepted measure of comparative operating performance in the real estate community.  However, HTA's use of the term NOI may not be comparable to that of other real estate companies as they may have different methodologies for computing this amount.

Cash NOI is a non-GAAP financial measure which excludes from NOI straight line rent adjustments, amortization of acquired below and above market leases and other non-cash and normalizing items.  Other non-cash and normalizing items include items such as the amortization of lease inducements, lease termination fees and tenant improvements reimbursements.  HTA believes that Cash NOI provides an accurate measure of the operating performance of its operating assets because it excludes certain items that are not associated with management of the properties.  Additionally, HTA believes that Cash NOI is a widely accepted measure of comparative operating performance in the real estate community.  However, HTA's use of the term Cash NOI may not be comparable to that of other real estate companies as they may have different methodologies for computing this amount.

To facilitate the comparison of Cash NOI between periods, HTA calculates comparable amounts for a subset of our owned properties referred to as "same properties."  Same property amounts are calculated as the amounts attributable to all properties which have been owned and operated by HTA during the entire span of all periods reported.  Therefore, any properties acquired after the first day of the earlier comparison period and any mortgage notes receivable interest income are excluded from same properties.

The following is the reconciliation of NOI, Cash NOI and Same Property Cash NOI to net income or loss for the three months and year ended December 31, 2012 and 2011 (amounts in thousands): 


Three Months Ended
December 31,


Year Ended
December 31,


2012


2011


2012


2011

Net (loss) income

$

(1,817)


$

2,007


$

(24,368)


$

5,593

General and administrative expenses

5,662


4,760



21,741


20,879

Acquisition-related expenses

2,210


303



8,843


2,130

Depreciation and amortization expense

28,639


26,731



116,418


107,542

Listing expenses

5,278




22,573


Non-traded REIT expenses

143


1,712



4,340


7,816

Interest expense and net change in fair value of derivative financial instruments

11,896


9,737



52,993


41,892

Debt extinguishment costs




1,886


Other income

(22)


(13)



(89)


(174)

NOI

$

51,989


$

45,237


$

204,337


$

185,678

NOI percentage growth

14.9%





10.0%












NOI

$

51,989


$

45,237


$

204,337


$

185,678

Straight-line rent adjustments, net

(1,395)


(2,024)



(7,857)


(9,112)

Amortization of acquired below and above market leases

605


735



2,203


2,683

Other non-cash and normalizing items

(52)


770



(14)


(2,541)

Cash NOI

$

51,147


$

44,718


$

198,669


$

176,708

Notes receivable interest income

(546)


(1,237)



(4,164)


(4,424)

Non-same property Cash NOI

(6,939)


(1,415)



(21,928)


(3,092)

Same property Cash NOI

$

43,662


$

42,066


$

172,577


$

169,192

Same property Cash NOI percentage growth

3.8%





2.0%



About Healthcare Trust of America, Inc.

Healthcare Trust of America, Inc. (NYSE:HTA), a publicly traded real estate investment trust, is a fully-integrated, leading owner of medical office buildings.  HTA listed its shares on the New York Stock Exchange on June 6, 2012.  HTA is a full-service real estate company focused on acquiring, owning and operating high-quality medical office buildings that are located on the campuses of nationally recognized healthcare systems in major U.S. metropolitan areas. 

Since its formation in 2006, HTA has acquired a geographically diverse portfolio of properties that totals approximately $2.6 billion based on purchase price and is comprised of approximately 12.6 million square feet of gross leasable area located in 27 states. HTA's overall portfolio occupancy is 91.1% by GLA, and 56% of HTA's annualized base rent comes from credit rated tenants.  

HTA has developed a national property management and leasing platform which it directs through its primary regional offices in Scottsdale, Indianapolis, Atlanta, and Charleston.  Today, approximately 80% of total portfolio GLA is managed by this platform.   

Forward-Looking Language

This press release contains certain forward-looking statements with respect to HTA. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, plans or predictions of the future, 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.  Because such statements include risks, uncertainties and contingencies, actual results may differ materially and in adverse ways from those expressed or implied by such forward-looking statements.  These risks, uncertainties and contingencies include, without limitation, the following: changes in economic conditions generally and the real estate market specifically; legislative and regulatory changes, including changes to laws governing the taxation of REITs and changes to laws governing the healthcare industry; the assessment of strategic success of our strategic alternatives, including potential liquidity alternatives; the availability of capital; changes in interest rates; competition in the real estate industry; the supply and demand for operating properties in our proposed market areas; changes in accounting principles generally accepted in the United States of America; policies and guidelines applicable to REITs; the availability of properties to acquire; and the availability of financing.  Additional information concerning us and our business, including additional factors that could materially and adversely affect our financial results, include, without limitation, the risks described under Part I, Item 1A, Risk Factors, in our Annual Report on Form 10-K and in our other filings with the SEC.

HEALTHCARE TRUST OF AMERICA, INC.

CONSOLIDATED BALANCE SHEETS

As of December 31, 2012 and 2011

(In thousands, except share data)

(Unaudited)

 



December 31, 2012


December 31, 2011

ASSETS




Real estate investments, net

$

1,992,607



$

1,806,471


Real estate notes receivable, net

20,000



57,459


Cash and cash equivalents

15,956



69,491


Accounts and other receivables, net

13,317



12,658


Restricted cash and escrow deposits

17,623



16,718


Identified intangible assets, net

282,934



272,390


Other assets, net

71,653



56,442


Total assets

$

2,414,090



$

2,291,629


LIABILITIES AND EQUITY




Liabilities:




Debt, net

$

1,037,359



$

639,149


Accounts payable and accrued liabilities

63,443



47,801


Derivative financial instruments - interest rate swaps

9,370



1,792


Security deposits, prepaid rent and other liabilities

24,450



19,930


Identified intangible liabilities, net

11,309



11,832


Total liabilities

1,145,931



720,504


Commitments and contingencies




Redeemable noncontrolling interest of limited partners

3,564



3,785


Equity:




Preferred stock, $0.01 par value; 200,000,000 shares authorized; none issued and outstanding




Common stock, $0.01 par value; 1,000,000,000 shares authorized; 228,491,312 shares issued and outstanding as of December 31, 2011



2,284


Class A common stock, $0.01 par value; 700,000,000 shares authorized; 100,086,387 shares issued and outstanding as of December 31, 2012

1,001




Class B common stock, $0.01 par value; 300,000,000 shares authorized; 114,566,254 shares issued and outstanding as of December 31, 2012

1,146




Additional paid-in capital

1,885,836



2,032,305


Cumulative dividends in excess of earnings

(633,717)



(467,249)


Total stockholders' equity

1,254,266



1,567,340


Noncontrolling interest

10,329




Total equity

1,264,595



1,567,340


Total liabilities and equity

$

2,414,090



$

2,291,629










 

 

HEALTHCARE TRUST OF AMERICA, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

For the Three Months and Year Ended December 31, 2012 and 2011

(In thousands, except per share data)

(Unaudited)

 



Three Months Ended
December 31,


 

Year Ended
December 31,


2012


2011


2012


2011

Revenues:








Rental income

$

73,421


$

65,686


$

295,340


$

269,646

Interest income from mortgage notes receivable and other income

621


(154)


4,304


4,792

Total revenues

74,042


65,532


299,644


274,438

Expenses:








Rental

22,053


20,295


95,307


88,760

General and administrative

5,662


4,760


21,741


20,879

Acquisition-related

2,210


303


8,843


2,130

Depreciation and amortization

28,639


26,731


116,418


107,542

Listing

5,278



22,573


Non-traded REIT

143


1,712


4,340


7,816

Total expenses

63,985


53,801


269,222


227,127

Income before other income (expense)

10,057


11,731


30,422


47,311

Other income (expense):








Interest expense (including amortization of deferred financing costs and debt premium/discount):








Interest related to debt

(9,351)


(9,738)


(40,382)


(39,613)

Interest related to derivative financial instruments and net change in fair value of derivative financial instruments

(2,545)


1


(12,611)


(2,279)

Debt extinguishment costs



(1,886)


Other income

22


13


89


174

Net (loss) income

$

(1,817)


$

2,007


$

(24,368)


$

5,593

Less: net income attributable to noncontrolling interests

(19)


(12)


(56)


(52)

Net (loss) income attributable to controlling interest

$

(1,836)


$

1,995


$

(24,424)


$

5,541

Net (loss) income per share attributable to controlling interest - basic

$

(0.01)


$

0.00


$

(0.11)


$

0.02

Net (loss) income per share attributable to controlling interest - diluted

$

(0.01)


$

0.00


$

(0.11)


$

0.02

Weighted average number of shares outstanding








Basic

214,412


227,825


222,713


223,900

Diluted

214,412


228,317


222,713


224,392

 

SOURCE Healthcare Trust of America, Inc.

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
It's time to put the "Thing" back in IoT. Whether it’s drones, robots, self-driving cars, ... There are multiple incredible examples of the power of IoT nowadays that are shadowed by announcements of yet another twist on statistics, databases, .... Sorry, I meant, Big Data(TM), tiered storage(TM), complex systems(TM), smart nations(TM), .... In his session at WebRTC Summit, Dr Alex Gouaillard, CTO and Co-Founder of Temasys, will discuss the concrete, cool, examples of IoT already happening today, and how mixing all those different sources of visual and audio input can make your life happier ...
What exactly is a cognitive application? In her session at 16th Cloud Expo, Ashley Hathaway, Product Manager at IBM Watson, will look at the services being offered by the IBM Watson Developer Cloud and what that means for developers and Big Data. She'll explore how IBM Watson and its partnerships will continue to grow and help define what it means to be a cognitive service, as well as take a look at the offerings on Bluemix. She will also check out how Watson and the Alchemy API team up to offer disruptive APIs to developers.
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carriers, thus providing a global perspective of the end-user experience. Site24x7 supports monitoring H...
We heard for many years how developing nations would be able to develop mobile-phone networks quickly, perhaps even leapfrog developed nations, because their lack of traditional, wired networks would not inhibit them from deploying the new technology. Now there is talk of history repeating itself with the Industrial Internet--a key aspect of the emerging Internet of Things. For example, Guo Ping, Deputy Chairman of the Board of Chinese electronics giant Huawei, said in a recent report from the World Economic Forum, "The Industrial Internet will afford emerging markets a unique opportunity ...
Chuck Piluso will present a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Speaker Bio: Prior to Data Storage Corporation (DSC), Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Telecommunications Corporation, a facilities-based international carrier licensed by t...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
Recent technology advances in miniaturization has positioned the wearables as the pinnacle of technology convergence with the human body. We inquire if wearables are mere standard miniaturized devices extended with the connectivity and present our views on considerations like design, applications, performance, efficiency, interoperability, usage scenarios, human device interaction and consequent trade-offs enabling wearables to impart optimal value.
Enterprise IoT is an exciting and chaotic space with a lot of potential to transform how the enterprise resources are managed. In his session at @ThingsExpo, Hari Srinivasan, Sr Product Manager at Cisco, will describe the challenges in enabling mass adoption of IoT, and share perspectives and insights on architectures/standards/protocols that are necessary to build a healthy ecosystem and lay the foundation to for a wide variety of exciting IoT use cases in the years to come.
Avnet, Inc. has announced that it ranked No. 4 on the InformationWeek Elite 100 – a list of the top business technology innovators in the U.S. Avnet was recognized for the development of an innovative cloud-based training system that serves as the foundation for Avnet Academy – the company’s education and training organization focused on technical training around top IT vendor technologies. The development of this system allowed Avnet to quickly expand its IT-related training capabilities around the world, while creating a new service that Avnet and its IT solution providers can offer to their...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...
SYS-CON Events announced today that Open Data Centers (ODC), a carrier-neutral colocation provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Open Data Centers is a carrier-neutral data center operator in New Jersey and New York City offering alternative connectivity options for carriers, service providers and enterprise customers.
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
SYS-CON Events announced today that Vicom Computer Services, Inc., a provider of technology and service solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. They are located at booth #427. Vicom Computer Services, Inc. is a progressive leader in the technology industry for over 30 years. Headquartered in the NY Metropolitan area. Vicom provides products and services based on today’s requirements around Unified Networks, Cloud Computing strategies, Virtualization around Software defined Data Ce...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. 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 development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are configurable to any form factor or custom configuration. AIC leads the industry with nearly 20 years of ...
The Internet of Things Maturity Model (IoTMM) is a qualitative method to gauge the growth and increasing impact of IoT capabilities in an IT environment from both a business and technology perspective. In his session at @ThingsExpo, Tony Shan will first scan the IoT landscape and investigate the major challenges and barriers. The key areas of consideration are identified to get started with IoT journey. He will then pinpoint the need of a tool for effective IoT adoption and implementation, which leads to IoTMM in which five maturity levels are defined: Advanced, Dynamic, Optimized, Primitive,...
SYS-CON Events announced today that B2Cloud, a provider of enterprise resource planning software, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. B2cloud develops the software you need. They have the ideal tools to help you work with your clients. B2Cloud’s main solutions include AGIS – ERP, CLOHC, AGIS – Invoice, and IZUM
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...