Welcome!

.NET Authors: Lori MacVittie, Yeshim Deniz, Ivan Antsipau, Liz McMillan, Michael Bushong

News Feed Item

Perion Reports Record First Quarter Revenue and EBITDA

Perion Network Ltd. (NASDAQ: PERI) today announced record financial results for the first quarter ended March 31, 2014.

Q1 2014 non-GAAP Financial Highlights:

  • Revenues increased to $117.1 million;
  • EBITDA increased to $33.6 million, or 29% of revenues;
  • Net income increased to $27.6 million, or 24% of revenues;
  • Earnings per diluted share were $0.40;
  • Cash flow from operations reached $13.9 million; and
  • Perion completed the quarter with $51.2 million in cash and cash equivalents.

Josef Mandelbaum, Perion’s CEO, commented: “We are very pleased with our first quarter performance as a combined company. The integration proceeded more smoothly and more rapidly than we anticipated, and the combined operations are delivering record results with strong top- and bottom-line growth. The post-merger integration work we completed, combined with our new found scale, sophisticated analytical capabilities, and combined talent, helped produce a strong start to 2014. While there still remain some headwinds in the overall industry, we are increasingly confident in our ability to adapt, gain market share and diversify and are therefore very excited about the future of the new Perion.”

“As an industry leader in the app developer ecosystem on the desktop, we are now positioning ourselves to be the same on the mobile platform,” added Mr. Mandelbaum. “Our expertise in helping app developers grow, monetize and optimize their business makes us the ideal partner for the mobile platform. Our technology, data set and people give me great confidence that we will be one of the leading companies that provides solutions for each platform and more importantly cross platform. Over the course of the remainder of the year you should expect to see some exciting new initiatives from us in the mobile and data driven programmatic advertising space which will further diversify and strengthen our business.”

Non-GAAP Financial Comparison for the First Quarter of 2014:

In accordance with US generally accepted accounting principles the acquisition of ClientConnect by Perion, which closed on January 2, 2014, is accounted for as a reverse acquisition. Therefore going forward, Perion will be comparing its results to those of ClientConnect in 2013. In the interest of transparency, the Company is also providing this quarter, comparative results on a combined basis. The combined results are calculated as the sum of Perion and ClientConnect results for the entire first quarter of last year.

Revenue: In the first quarter of 2014 revenues were a record $117.1 million, increasing 47%, compared to ClientConnect revenues of $79.7 million in the first quarter of 2013 and increasing 9% compared to combined revenues of $ 107.3 million in the first quarter of 2013. Non-GAAP revenues in the first quarter of 2014 include $2.3 million of deferred product revenues, which in accordance with U.S. GAAP were recorded at fair value on the acquisition date.

Customer Acquisition Costs (“CAC”): In the first quarter of 2014, Perion increased its investment in CAC to $59.6 million. In the first quarter of 2014 CAC represented 51% of revenues, compared to 50% in the first quarter of 2013 by ClientConnect and 48% revenues on a combined basis in the first quarter of 2013.

Operating Expenses: Excluding CAC, operating expenses in the first quarter of 2014 were $24.5 million, or 21% of revenues, compared to $17.9 million, or 22% of revenues, at ClientConnect in the first quarter of 2013. Non GAAP operating expenses in the first quarter of 2014 excluded $4.5 million amortization of acquired intangible assets, $4.4 million in non-cash equity compensation expenses and $2.9 million in acquisition related expenses, all of which were included in the GAAP numbers. In the first quarter of 2013, non GAAP operating expenses included $7.7 million activity which in the GAAP report were associated with discontinued operations and excluded from operating expenses.

EBITDA: In the first quarter of 2014, EBITDA was $33.6 million, or 29% of revenues, a 49% increase compared to the $22.5 million, or 28% of revenues at ClientConnect in the same quarter last year, despite the $19.5 million increase in CAC. On a combined basis EBITDA increased 10% from the first quarter of 2013.

Net Income: In the first quarter of 2014, net income was $27.6 million, or 24% of revenues, increasing 41%, from $19.5 million at ClientConnect in the first quarter of 2013. On a combined basis, net income increased 9% from $25.3 million in the first quarter of 2013.

Cash and Cash Flow from Operations: As of March 31, 2014 cash and cash equivalents were $51.2 million. This was made up of primarily $13.9 million, cash flow from operations, a $23.4 million cash balance at Perion prior the acquisition and a $14.8 million short term loan from Conduit to support working capital post acquisition.

2014 Financial Outlook:

Management today reaffirmed its financial outlook for 2014, on a non-GAAP basis, as announced on March 3, 2014:

  • Revenue is expected to be in the range of $460 million to $470 million.
  • EBITDA is expected to be in the range of $125 million to $130 million.
  • Net Income is expected to be in the range of $103 million to $108 million.

Conference Call

Perion will host a conference call to discuss the results today, May 15, 2014 at 10 a.m. EDT (5 p.m. Israel Time). Details are as follows:

  • Conference ID: 3820590
  • Dial-in number from within the United States: 1-888-438-5525
  • Dial-in number from Israel: 1-80-924-5906
  • Dial-in number (other international): 1-719-457-1512
  • Playback, available until May 22, 2014 by calling 1-877-870-5176 (United States) or 1-858-384-5517 (international). Please use pin number 3820590 for the replay.
  • A live webcast is accessible at http://www.perion.com/events-presentations

About Perion Network Ltd.

Perion powers innovation. Perion is a global performance-based media and Internet Company, providing online publishers and app developers advanced technology and a variety of intelligent, data-driven solutions to monetize their application or content and expand their reach to larger audiences. Our leading self-service platform with simple integration and robust, built-in analytics, empowers digital businesses to optimize distribution and maximize revenue. Our distribution solutions, which are based on our own experience as an app developer, position us to best understand the needs of developers, and enable developers to focus exclusively on creating high-quality digital product and content. The Perion team brings decades of experience, operating and investing in digitally-enabled businesses, and we continue to innovate and create value for the app ecosystem. More information about Perion may be found at www.perion.com.

Non-GAAP measures

Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: amortization of acquired intangible assets, share-based compensation expenses, acquisition related expenses, certain business combination accounting entries and tax adjustments re non-GAAP adjustments: non-recurring financial income; deferred financial expenses; and discontinued operations related expenses. The purpose of such adjustments is to give an indication of our performance exclusive of non-cash charges and other items that are considered by management to be outside of our core operating results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Business combination accounting rules requires us to recognize a legal performance obligation related to a revenue arrangement of an acquired entity. The amount assigned to that liability should be based on its fair value at the date of acquisition. The non-GAAP adjustment is intended to reflect the full amount of such revenue. We believe this adjustment is useful to investors as a measure of the ongoing performance of our business. We believe these non-GAAP financial measures provide consistent and comparable measures to help investors understand our current and future operating cash flow performance. These non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies. Reconciliation between results on a GAAP and non-GAAP basis is provided in a table immediately following the Consolidated Statements of Operations. The intangible assets created in the reverse acquisition of Perion are preliminary and subject to further review and completion of valuation analyses.

Forward Looking Statements

This press release contains historical information and forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of Perion. The words “will,” “believe,” “expect,” “intend,” “plan,” “should” and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of Perion with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results, performance or achievements of Perion to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, or financial information, including, among others, the failure to realize the anticipated benefits of the ClientConnect transaction; risks entailed in integrating the ClientConnect business with Perion’s other businesses, including employee retention and customer acceptance; the risk that the transaction will divert management and other resources from the ongoing operations of the two businesses or otherwise disrupt the conduct of those businesses, potential litigation associated with the transaction, and general risks associated with the business of Perion and with the ClientConnect business, including changes in the markets in which the businesses operate and in general economic and business conditions, loss of key customers, unpredictable sales cycles, competitive pressures, market acceptance of new products, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors, whether referenced or not referenced in this press release. Various other risks and uncertainties may affect Perion and its results of operations, as described in reports filed by the Company with the Securities and Exchange Commission from time to time, including its annual report on Form 20-F for the year ended December 31, 2013. Perion does not assume any obligation to update these forward-looking statements.

Source: Perion Network Ltd.

 
PERION NETWORK LTD.
NON-GAAP SUMMARY FINANCIAL METRICS
U.S. dollars in thousands (except per share data), unaudited
 
        Quarter ended March 31,
2014         2013         2013
ClientConnect Combined
 
Revenue $ 117,115 $ 79,679 $ 107,257
 
Operating expenses $ 84,108 $ 57,945 $ 77,901
 
EBITDA $ 33,562 $ 22,488 $ 30,389
 
Net Income $ 27,598 $ 19,536 $ 25,319
 
Diluted EPS $ 0.40 $ 0.36
 
 

PERION NETWORK LTD.

GAAP FINANCIAL STATEMENTS

CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars and number of shares in thousands (except per share data), (unaudited)

       
Quarter ended March 31,
2014     2013
Revenues:
Search

 

$

95,182

 

$

69,465

Products and other   19,641     9,838  
 
Total revenues 114,823 79,303
Operating expenses:
Cost of revenues 6,393 1,449
Customer acquisition costs 59,582 40,089
Research and development 13,327 5,136
Selling and marketing 5,824 2,522
General and administrative   10,866     2,235  
Total operating expenses   95,992     51,431  
Operating income 18,831 27,872
Financial (expense) income, net   (393 )   852  
Income before taxes on income 18,438 28,724
Taxes on income   4,622     3,785  
Net income – continuing operations 13,816 24,939
Net loss - discontinued operations   -     (6,565 )
Net income

 

$

13,816

 

 

$

18,374

 
 
Net income (loss) per share - basic:
Continuing operations

 

$

0.21

 

 

$

0.46

 
Discontinued operations

 

$

-

 

 

$

(0.12

)

 
Net income (loss) per share - diluted:
Continuing operations

 

$

0.20

 

 

$

0.46

 
Discontinued operations

 

$

-

 

 

$

(0.12

)

 
Number of shares - basic:
Continuing and discontinued operations   67,175     53,906  
 
Number of shares - diluted:
Continuing operations   68,226     54,555  
Discontinued operations   68,226     53,906  
 
 
PERION NETWORK LTD.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
U.S. dollars and number of shares in thousands (except per share data), unaudited
 
        Quarter ended March 31,
2014     2013
 
GAAP revenues $ 114,823 $ 79,303
Revenues from discontinued operations - 376
Valuation adjustment on acquired deferred product revenues   2,292     -  
Non-GAAP revenues $ 117,115   $ 79,679  
 
GAAP operating expenses $ 95,992 $ 51,431
Acquisition related expenses ( 2,948 ) -
Discontinued operations operating expenses - 7,676
Share based compensation ( 4,436 ) ( 1,162 )
Amortization of acquired intangible assets   ( 4,500 )   -  
Non-GAAP operating expenses $ 84,108   $ 57,945  
 
GAAP net income $ 13,816 $ 18,374
Valuation adjustment on acquired deferred product revenues 2,292 -
Acquisition related expenses 2,948 -
Share based compensation 4,436 1,162
Amortization of acquired intangible assets 4,500 -
Accretion of payment obligation related to acquisitions 268 -
Taxes related to amortization of acquired intangible assets   (662 )   -  
Non-GAAP net income $ 27,598   $ 19,536  
 
Non-GAAP net income $ 27,598 $ 19,536
Income tax expense 4,622 3,785
Interest expense (income), net 393 ( 852 )
Accretion of payment obligation related to acquisitions ( 268 ) -
Taxes related to amortization of acquired intangible assets 662 -
Depreciation 555 754
Discontinued financial income, net - ( 60 )
Discontinued tax benefit   -     ( 675 )
Non-GAAP EBITDA $ 33,562   $ 22,488  
 
GAAP diluted earnings per share $ 0.20   $ 0.46  
Non-GAAP diluted earnings per share $ 0.40   $ 0.36  
Shares used in computing US GAAP and non-GAAP diluted earnings per share   68,226     54,555  
 
 
PERION NETWORK LTD.
RECONCILIATION OF CLIENTCONNECT NON-GAAP TO COMBINED NON-GAAP RESULTS FOR FIRST QUARTER OF 2013
U.S. dollars and number of shares in thousands (except per share data), unaudited
 
       

Quarter ended
March 31, 2013

 
ClientConnect non-GAAP revenues $ 79,679
Perion non-GAAP revenues as reported   27,578
Combined non-GAAP revenues $ 107,257
 
 
ClientConnect non-GAAP operating expenses $ 57,945

Perion non-GAAP operating expenses (including cost of revenues) as reported

  19,956
Combined non-GAAP operating expenses $ 77,901
 
 
ClientConnect non-GAAP net income $ 19,536
Perion non-GAAP net income as reported   5,783
Combined non-GAAP net income $ 25,319
 
 
ClientConnect non-GAAP EBITDA $ 22,488
Perion non-GAAP EBITDA as reported   7,901
Combined non-GAAP EBITDA $ 30,389
 
 
PERION NETWORK LTD.
GAAP FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
 
        March 31, 2014     December 31, 2013
Assets Unaudited
 
Current assets:
Cash and cash equivalents

 

$

51,174

 

$

949

Restricted cash 1,541 -
Trade receivables 48,871 -
Other current assets   6,127   400
Total current assets 107,713 1,349
Property and equipment, net 3,723 2,189
Goodwill and other intangible assets, net 191,829 27,520
Other assets   3,064   -
Total assets

 

$

306,329

 

$

31,058

 
Liabilities and Stockholders’ Equity
 
Current liabilities:
Current maturities of long term debt

 

$

17,133

 

$

-

Trade payables 45,283 13,358
Deferred revenues 7,923 6,250
Payment obligation related to acquisition 8,996 -
Accrued expenses and other liabilities   19,455   1,423
Total current liabilities 98,790 21,031
Long-term debt 3,675 -
Other long term liabilities   4,927   -
Total liabilities   107,392   21,031
Stockholders’ equity:
Ordinary shares 183 147
Additional paid-in capital 184,938 9,880
Retained earnings   13,816   -
Total stockholders’ equity:   198,937   10,027
Total liabilities and stockholders’ equity

 

$

306,329

 

$

31,058

 
 
PERION NETWORK LTD.
GAAP FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands, (unaudited)
 
        Quarter ended March 31,
2014     2013

Operating activities:

 
Net income

 

$

13,816

 

$

18,374

Loss from discontinued operations, net   -     (6,565 )
Income from continuing operations 13,816 24,939
Adjustments required to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 5,055 521
Stock based compensation expense, net 4,436 721
Acquisition related expenses paid by shareholders 3,060 -
Accrued interest, net 81 243
Accretion of payment obligation related to acquisition 268 -
Deferred income taxes (1,350 ) 89
Changes in assets and liabilities   (11,502 )   10,451  
 
Net cash provided by operating activities 13,864 36,964
Net cash used in discontinued operations   -     (6,986 )
Net cash provided by operating activities 13,864 29,978
 

Investing activities:

 
Purchase of property and equipment (711 ) (249 )
Restricted cash, net (422 ) -
Proceeds from short-term bank deposits - 45,970
Cash acquired through merger with Perion Network Ltd.   23,364     -  
Net cash provided by continuing operations 22,231 45,721
Net cash provided by discontinuing operations   -     469  
Net cash provided by investing activities 22,231 46,190
 

Financing activities:

Deferred payment made in connection with acquisition (45 ) -
Proceeds from short-term loan 14,750 -
Repayment of long-term loans   (575 )   -  
Net cash provided by financing activities 14,130 -
 
Net Increase in cash and cash equivalents 50,225 76,168
Increase in cash and cash equivalents - discontinued operations - 1,509
Cash and cash equivalents at beginning of year   949     78,395  
 
Cash and cash equivalents at end of period

 

$

51,174

 

 

$

156,072

 

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
There will be 50 billion Internet connected devices by 2020. Today, every manufacturer has a propriety protocol and an app. How do we securely integrate these "things" into our lives and businesses in a way that we can easily control and manage? Even better, how do we integrate these "things" so that they control and manage each other so our lives become more convenient or our businesses become more profitable and/or safe? We have heard that the best interface is no interface. In his session at Internet of @ThingsExpo, Chris Matthieu, Co-Founder & CTO at Octoblu, Inc., will discuss how these devices generate enough data to learn our behaviors and simplify/improve our lives. What if we could connect everything to everything? I'm not only talking about connecting things to things but also systems, cloud services, and people. Add in a little machine learning and artificial intelligence and now we have something interesting...
Last week, while in San Francisco, I used the Uber app and service four times. All four experiences were great, although one of the drivers stopped for 30 seconds and then left as I was walking up to the car. He must have realized I was a blogger. None the less, the next car was just a minute away and I suffered no pain. In this article, my colleague, Ved Sen, Global Head, Advisory Services Social, Mobile and Sensors at Cognizant shares his experiences and insights.
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) irreversibly encoded. In his session at Internet of @ThingsExpo, Peter Dunkley, Technical Director at Acision, will look at how this identity problem can be solved and discuss ways to use existing web identities for real-time communication.
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT. Attendees will learn real-world benefits of WebRTC and explore future possibilities, as WebRTC and IoT intersect to improve customer service.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at Internet of @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, will share some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, an Open Source Cloud Communications company that helps the shift from legacy IN/SS7 telco networks to IP-based cloud comms. An early investor in multiple start-ups, he still finds time to code for his companies and contribute to open source projects.
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines.
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. 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!
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice services to the modern P2P RTC era of OTT cloud assisted services.
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehension and conference efficiency.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example to explain some of these concepts including when to use different storage models.
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 Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace. These technological reforms have not only changed computers and smartphones, but are also changing the data processing model for all information devices. In particular, in the area known as M2M (Machine-To-Machine), there are great expectations that information with a new type of value can be produced using a variety of devices and sensors saving/sharing data via the network and through large-scale cloud-type data processing. This consortium believes that attaching a huge number of devic...
Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies, with a focus on the enterprise, industrial, aerospace, and defense industries. Innodisk is dedicated to serving their customers and business partners. Quality is vitally important when it comes to industrial embedded flash and DRAM storage products. That’s why Innodisk manufactures all of their products in their own purpose-built memory production facility. In fact, they designed and built their production center to maximize manufacturing efficiency and guarantee the highest quality of our products.
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. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital business.
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. Download Slide Deck: ▸ Here
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
With the iCloud scandal seemingly in its past, Apple announced new iPhones, updates to iPad and MacBook as well as news on OSX Yosemite. Although consumers will have to wait to get their hands on some of that new stuff, what they can get is the latest release of iOS 8 that Apple made available for most in-market iPhones and iPads. Originally announced at WWDC (Apple’s annual developers conference) in June, iOS 8 seems to spearhead Apple’s newfound focus upon greater integration of their products into everyday tasks, cross-platform mobility and self-monitoring. Before you update your device, here is a look at some of the new features and things you may want to consider from a mobile security perspective.