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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.

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The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, 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. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, 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. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
SYS-CON Events announced today that DatacenterDynamics has been named “Media 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. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.