Click here to close now.

Welcome!

Microsoft Cloud Authors: Liz McMillan, Elizabeth White, Pat Romanski, Jaynesh Shah, Carmen Gonzalez

News Feed Item

/C O R R E C T I O N -- U.S. Auto Parts Network, Inc./

In the news release, U.S. Auto Parts Network, Inc. Reports Second Quarter 2014 Results, issued 05-Aug-2014 by U.S. Auto Parts Network, Inc. over PR Newswire, we are advised by the company that in the "Q2 2014 Financial Highlights" section, the third bullet reading "Total impairment loss was..." should not have been included in the release. The complete, corrected release follows:

U.S. Auto Parts Network, Inc. Reports Second Quarter 2014 Results

- Net sales $76.9 million

- Total sales increase 13.3%

- Adjusted EBITDA of $2.2 million

CARSON, Calif., Aug. 5, 2014 /PRNewswire/ -- U.S. Auto Parts Network, Inc. (NASDAQ: PRTS), one of the largest online providers of automotive aftermarket parts and accessories, today reported net sales for the second quarter ended June 28, 2014 ("Q2 2014") of $76.9 million compared with the second quarter ended June 29, 2013 ("Q2 2013") of $67.9 million, an increase of 13.3% from Q2 2013. During the same period, net sales channels, excluding website eliminated in 2013, increased by 18.4%.  Q2 2014 net loss was $2.2 million or $0.07 per share, compared with Q2 2013 net loss of $9.6 million or $0.29 per share. The Company generated Adjusted EBITDA (EBITDA plus share-based compensation expense and restructuring costs) of $2.2 million for Q2 2014 compared to $1.1 million for Q2 2013. For further information regarding Adjusted EBITDA, including a reconciliation of net loss to Adjusted EBITDA, see non-GAAP Financial Measures below.

"I am pleased with our double digit growth this quarter and believe our growth highlights U.S. Auto Parts ability to take advantage of the growing online auto parts market." – stated, Shane Evangelist.

Q2 2014 Financial Highlights

  • Net sales increased to $76.9 million for Q2 2014 compared to $67.9 million for Q2 2013. Our Q2 2014 net sales consisted of online sales, representing 91.3% of the total (compared to 91.0% in Q2 2013), and offline sales, representing 8.7% of the total (compared to 9.0% in Q2 2013). The net sales increase was primarily due to an increase of $8.4 million, or 13.6%, in online sales. The $8.4 million increase in online sales was driven by a $11.2 million, or 19.3%, increase from continuing online sales channels partially offset by a reduction in online sales from websites we discontinued of $2.7 million.  The continuing sales channels growth is the result of a $5.7 million or 12.1% increase in our continuing e-commerce sales channels and a $5.5 million or 48.9% increase in our online marketplaces.  The $5.7 million increase in our continuing e-commerce sales channels was driven by a 14.6% increase in conversion partially offset by a 5.8% decrease in traffic and 0.9% decline in AOV.  The discontinued websites resulted in a 2.5 million reduction in unique visitors in Q2 2014 compared with Q2 2013.  The $5.5 million increase in our online marketplaces was driven by a 55.6% increase in orders partially offset by a 7.2% decline in AOV. 
  • Gross profit increased by $1.4 million, or 7.4%, in Q2 2014 compared to Q2 2013. Gross margin rate decreased 1.5% to 26.5% in Q2 2014 compared to 28.0% in Q2 2013 due to reduced margins from online sales and inventory write-downs associated with restructuring.
  • Marketing expense was $11.0 million, or 14.2%, of net sales in Q2 2014, down from $11.2 million, or 16.5%, of net sales in Q2 2013. Online advertising expense, which includes catalog costs, was $5.0 million, or 7.1%, of online sales for Q2 2014, compared to $4.6 million, or 7.4%, of online sales for Q2 2013. The increase in online spend of 8.7% for Q2 2014 compared to Q2 2013 was due to more efficient spend across commercial and search engine websites which  resulted in  higher sales. Marketing expense, excluding online advertising, was $6.0 million, or 7.8%, of net sales for Q2 2014, compared to $6.6 million, or 9.7%, of net sales for Q2 2013. The decline was primarily due to lower depreciation and amortization expense of $0.7 million and lower marketing overhead costs of $0.1 million
  • General and administrative expense was $4.6 million, or 6.0%, of net sales in Q2 2014, down from $4.7 million, or 6.9%, of net sales in Q2 2013. The decrease of $0.1 million, or 1.2%, for Q2 2014 compared to Q2 2013, was primarily due to lower depreciation and amortization expense.
  • Fulfillment expense was $5.4 million, or 7.0%, of net sales in Q2 2014 compared to $5.0 million, or 7.4%, of net sales in Q2 2013. The increase of $0.4 million was primarily due to severance costs related to the restructuring.
  • Technology expense was $1.3 million, or 1.6%, of net sales in Q2 2014, compared to $1.3 million, or 1.9%, of net sales in Q2 2013. The decrease as a percent of net sales was primarily due to overhead falling to 0.4% of net sales in Q2 2014 from 0.7% of net sales in Q2 2013.
  • Capital expenditures for Q2 2014 were $1.5 million compared with $2.2 million in Q2 2013.
  • Cash and cash equivalents and investments were $2.5 million and total debt under our revolver was $0.0 million as of June 28, 2014 compared to $1.4 million and $0.8 million as of March 29, 2014.

Q2 2014 Operating Metrics

























Q2 2014



Q2 2013



Q1 2014


Conversion Rate 1



1.76

%



1.49

%



1.61

%

Customer Acquisition Cost 1


$

7.11



$

7.52



$

6.96


Marketing Spend (% Online Sales) 1



7.1

%



7.5

%



7.2

%

Unique Visitors (millions) 1



30.8




35.1




30.3


Number of Orders - E-commerce only (thousands)



541




523




488


Number of Orders - Online Marketplace (thousands)



291




187




264


Total Number of Internet Orders (thousands)



832




710




752


Revenue Capture (% Sales) 2



85.6

%



83.2

%



84.9

%

Average Order Value - E-commerce only


$

113



$

114



$

107


Average Order Value - Online Marketplace


$

64



$

69



$

65


Average Order Value - Total Internet Orders


$

96



$

102



$

92















1

Excludes online marketplaces and media properties (e.g. AutoMD).

2

Revenue capture is the amount of actual dollars retained after taking into consideration returns, credit card declines and product fulfillment and excludes online marketplaces and media properties (e.g. AutoMD).

Non-GAAP Financial Measures
Regulation G, "Conditions for Use of Non-GAAP Financial Measures," and other provisions of the Securities Exchange Act of 1934, as amended, define and prescribe the conditions for use of certain non-GAAP financial information. We provide "Adjusted EBITDA," which is a non-GAAP financial measure. Adjusted EBITDA consists of net income before (a) interest expense, net; (b) income tax provision; (c) depreciation and amortization expense; (d) amortization of intangible assets; (e) share-based compensation expense; and (f) restructuring costs.

The Company believes that this non-GAAP financial measure provides important supplemental information to management and investors. This non-GAAP financial measure reflect an additional way of viewing aspects of the Company's operations that, when viewed with the GAAP results and the accompanying reconciliation to corresponding GAAP financial measures, provides a more complete understanding of factors and trends affecting the Company's business and results of operations.

Management uses Adjusted EBITDA as a measure of the Company's operating performance because it assists in comparing the Company's operating performance on a consistent basis by removing the impact of items not directly resulting from core operations. Internally, this non-GAAP measure is also used by management for planning purposes, including the preparation of internal budgets; for allocating resources to enhance financial performance; for evaluating the effectiveness of operational strategies; and for evaluating the Company's capacity to fund capital expenditures and expand its business. The Company also believes that analysts and investors use Adjusted EBITDA as a supplemental measure to evaluate the overall operating performance of companies in our industry. Additionally, lenders or potential lenders use Adjusted EBITDA to evaluate the Company's ability to repay loans.

This non-GAAP financial measure is used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review the Company's consolidated financial statements in their entirety and to not rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. In addition, the Company expects to continue to incur expenses similar to the non-GAAP adjustments described above, and exclusion of these items from the Company's non-GAAP measures should not be construed as an inference that these costs are unusual, infrequent or non-recurring.

The table below reconciles net loss to Adjusted EBITDA for the periods presented (in thousands):

 







Thirteen Weeks Ended

Twenty-Six Weeks Ended


June 28, 2014

June 29, 2013

June 28, 2014

June 29,
2013

Consolidated                                                       





Net loss

$        (2,180)

$         (9,567 )

$        (1,979)

$       (12,910 )

Interest expense, net

238

228

497

415

Income tax provision

21

69

53

90

Amortization of intangibles

126

107

210

213

Depreciation and amortization

2,252

3,626

4,620

7,264






EBITDA

457

(5,537)

3,401

(4,928)






Share-based compensation

629

341

1,005

750

Impairment loss on property and equipment

0

4,832

0

4,832

Impairment loss on intangible assets

0

1,245

0

1,245

Inventory write-down related to Carson closure

478

0

478

0

Restructuring costs

625

225

625

723






Adjusted EBITDA

$           2,189

$           1,106

$           5,509

$           2,622






Conference Call

The conference call is scheduled to begin at 2:00 pm Pacific Time (5:00 pm Eastern Time) on Tuesday, August 5, 2014. Participants may access the call by dialing 877-941-4774 (domestic) or 480-629-9760 (international). In addition, the call will be broadcast live over the Internet and accessible through the Investor Relations section of the Company's website at www.usautoparts.net where the call will be archived for two weeks. A telephone replay will be available through August 19, 2014. To access the replay, please dial 877-870-5176 (domestic) or 858-384-5517 (international), passcode 4678391.

About U.S. Auto Parts Network, Inc.
Established in 1995, U.S. Auto Parts is a leading online provider of automotive aftermarket parts, including body parts, engine parts, performance parts and accessories. Through the Company's network of websites, U.S. Auto Parts provides individual consumers with a broad selection of competitively priced products that are mapped by a proprietary product database to product applications based on vehicle makes, models and years. U.S. Auto Parts' flagship websites are located at www.autopartswarehouse.com, www.jcwhitney.com, and www.AutoMD.com and the Company's corporate website is located at www.usautoparts.net.

U.S. Auto Parts is headquartered in Carson, California.

Safe Harbor Statement
This press release contains statements which are based on management's current expectations, estimates and projections about the Company's business and its industry, as well as certain assumptions made by the Company. These statements are forward looking statements for the purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended and Section 27A of the Securities Act of 1933, as amended. Words such as "anticipates," "could," "expects," "intends," "plans," "potential," "believes," "predicts," "projects," "seeks," "estimates," "may," "will," "would," "will likely continue" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, the Company's expectations regarding its future operating results and financial condition, impact of changes in our key operating metrics, our potential growth and our liquidity requirements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, the Company's ability to integrate and achieve efficiencies of acquisitions, economic downturn that could adversely impact retail sales; marketplace illiquidity; demand for the Company's products; increases in commodity and component pricing that would increase the Company's per unit cost and reduce margins; the competitive and volatile environment in the Company's industry; the Company's ability to expand and price its product offerings, control costs and expenses, and provide superior customer service; the mix of products sold by the Company; the effect and timing of technological changes and the Company's ability to integrate such changes and maintain, update and expand its infrastructure and improve its unified product catalog; the Company's ability to improve customer satisfaction and retain, recruit and hire key executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement the Company's business plans both domestically and internationally; the Company's cash needs, including requirements to amortize debt; regulatory restrictions that could limit the products sold in a particular market or the cost to produce, store or ship the Company's products; any changes in the search algorithms by leading Internet search companies; the Company's need to assess impairment of intangible assets and goodwill; the Company's ability to comply with Section 404 of the Sarbanes-Oxley Act and maintain an adequate system of internal controls; and any remediation costs or other factors discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the Risk Factors contained in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.usautoparts.net and the SEC's website at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements in this release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. Unless otherwise required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise. 

 


U.S. AUTO PARTS NETWORK, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited, In Thousands, Except Par and Liquidation Value)





June 28,
2014

December 28,
2013

ASSETS



Current assets:



Cash and cash equivalents

$            1,675

$        818

Short-term investments

786

47

Accounts receivable, net of allowances of $295 and $213 at June 28, 2014 and December 28, 2013, respectively

3,731

5,029

Inventory

35,178

36,986

Other current assets

3,000

3,234




Total current assets

44,370

46,114

Property and equipment, net

17,936

19,663

Intangible assets, net

1,828

1,601

Other non-current assets

1,355

1,804




Total assets

$         65,489

$   69,182







LIABILITIES AND STOCKHOLDERS' EQUITY



Current liabilities:



Accounts payable

$          21,784

$   19,669

Accrued expenses

7,439

5,959

Revolving loan payable

6,774

Current portion of capital leases payable

256

269

Other current liabilities

4,180

3,682




Total current liabilities

33,659

36,353

Capital leases payable, net of current portion

9,387

9,502

Deferred income taxes

387

335

Other non-current liabilities

1,895

2,126




Total liabilities

45,328

48,316




Commitments and contingencies



Stockholders' equity:



Series A convertible preferred stock, $0.001 par value; $1.45 per share liquidation value or aggregate of $6,017; 4,150 shares authorized; 4,150 shares issued and outstanding at June 28, 2014 and December 28, 2013

4

4

Common stock, $0.001 par value; 100,000 shares authorized; 33,506 and 33,352  shares issued and outstanding at June 28, 2014 and December 28, 2013, respectively

34

33

Additional paid-in-capital

170,111

168,693

Common stock dividend distributable

60

60

Accumulated other comprehensive income

420

446

Accumulated deficit

(150,468)

(148,370)




Total stockholders' equity

20,161

20,866




Total liabilities and stockholders' equity

$         65,489

$   69,182




 

 

U.S. AUTO PARTS NETWORK, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE OPERATIONS

(Unaudited, in Thousands, Except Per Share Data)




Thirteen Weeks Ended



Twenty-Six Weeks Ended



June 28, 2014



June 29, 2013



June 28,
2014



June 29,
2013

Net sales


$

76,947



$

67,889



$

144,975



$

133,294

Cost of sales(1)



56,527




48,876




103,854




94,543

















Gross profit



20,420




19,013




41,121




38,751

















Operating expenses:
















Marketing



10,963




11,186




21,078




22,377

General and administrative



4,623




4,678




8,770




9,365

Fulfillment



5,383




4,991




10,095




10,372

Technology



1,264




1,316




2,412




2,831

Amortization of intangible assets



126




107




210




213

Impairment loss on property and equipment






4,832







4,832

Impairment loss on  intangible assets






1,245







1,245

















Total operating expenses



22,359




28,355




42,565




51,235

















Loss from operations



(1,939)




(9,342)




(1,444)




(12,484)

















Other income (expense):
















Other income, net



18




72




15




79

Interest expense



(238)




(228)




(497)




(415)

















Total other expense, net



(220)




(156)




(482)




(336)

















Loss before income taxes



(2,159)




(9,498)




(1,926)




(12,820)

Income tax provision



21




69




53




90

















Net loss



(2,180)




(9,567)




(1,979)




(12,910)

















Other comprehensive income (loss), net of tax:
















Foreign currency translation adjustments



(12)




31




(4)




25

Net unrecognized losses on derivative instruments



(22)







(22)




Unrealized gains on investments






2




0




2

















Total other comprehensive income (loss)



(34)




33




(26)




27

















Comprehensive loss


$

(2,214)



$

(9,534)



$

(2,005)



$

(12,883)

















Basic and diluted net loss per share


$

(0.07)



$

(0.29)



$

(0.06)



$

(0.40)

















Shares used in computation of basic and diluted net loss per share



33,460




33,119




33,422




32,130

















(1)   Excludes depreciation and amortization expense which is included in marketing, general and administrative and fulfillment expense.


 

 

 U.S. AUTO PARTS NETWORK, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, In Thousands)




Twenty-Six Weeks Ended


June 28,
2014

June 29,
2013

Operating activities



Net loss

$          (1,979)

$        (12,910)

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:



Depreciation and amortization expense

4,620

7,264

Amortization of intangible assets

210

213

Impairment loss on property and equipment

4,832

Impairment loss on intangible assets

1,245

Deferred income taxes

51

90

Share-based compensation expense

1,005

750

Stock awards issued for non-employee director service

21

Amortization of deferred financing costs

41

41

Loss from disposition of assets

2

Changes in operating assets and liabilities:



Accounts receivable

1,298

2,087

Inventory

1,808

8,546

Other current assets

161

(323)

Other non-current assets

79

144

Accounts payable and accrued expenses

3,775

(10,783)

Other current liabilities

498

(771)

Other non-current liabilities

(161)

490




Net cash provided by operating activities

11,408

936




Investing activities



Additions to property and equipment

(3,036)

(4,815 )

Proceeds from sale of property and equipment

6

Cash paid for intangible assets

(100)

Purchases of marketable securities and investments

(745)

Purchases of company-owned life insurance

(106)




Net cash used in investing activities

(3,875)

(4,921)




Financing activities



Borrowings from revolving loan payable

2,109

10,187

Payments made on revolving loan payable

(8,883)

(23,140)

Proceeds from sale leaseback transaction

9,584

Proceeds from issuance of Series A convertible preferred stock

6,017

Payment of issuance costs from Series A convertible preferred stock

(822)

Proceeds from issuance of common stock

2,235

Payment of issuance costs from common stock

(223)

Payments on capital leases

(128)

(62 )

Proceeds from exercise of stock options

218

22




Net cash provided by (used in) financing activities

(6,684)

3,798




Effect of exchange rate changes on cash

8

8




Net change in cash and cash equivalents

857

(179)

Cash and cash equivalents, beginning of period

818

1,030




Cash and cash equivalents, end of period

$             1,675

$                851




Supplemental disclosure of non-cash investing and financing activities:



Accrued asset purchases

$                518

$             1,046

Unrealized gain on investments

2

Supplemental disclosure of cash flow information:



Cash paid during the period for income taxes

$                  20

$                  —

Cash paid during the period for interest

468

367

 

Investor Contacts:

David Robson, Chief Financial Officer
U.S. Auto Parts Network, Inc.
[email protected]
(310) 735-0085

SOURCE U.S. Auto Parts Network, 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
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
There's no doubt that the Internet of Things is driving the next wave of innovation. Google has spent billions over the past few months vacuuming up companies that specialize in smart appliances and machine learning. Already, Philips light bulbs, Audi automobiles, and Samsung washers and dryers can communicate with and be controlled from mobile devices. To take advantage of the opportunities the Internet of Things brings to your business, you'll want to start preparing now.
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 @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
The world is at a tipping point where the technology, the device and global adoption are converging to such a point that we will see an explosion of a world where smartphone devices not only allow us to talk to each other, but allow for communication between everything – serving as a central hub from which we control our world – MediaTek is at the heart of both driving this and allowing the markets to drive this reality forward themselves. The next wave of consumer gadgets is here – smart, connected, and small. If your ambitions are big, so are ours. In his session at @ThingsExpo, Jack Hu, D...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
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, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of 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. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An active participa...
We’re entering a new era of computing technology that many are calling the Internet of Things (IoT). Machine to machine, machine to infrastructure, machine to environment, the Internet of Everything, the Internet of Intelligent Things, intelligent systems – call it what you want, but it’s happening, and its potential is huge. IoT is comprised of smart machines interacting and communicating with other machines, objects, environments and infrastructures. As a result, huge volumes of data are being generated, and that data is being processed into useful actions that can “command and control” thi...
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
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 Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fil...
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...
The worldwide cellular network will be the backbone of the future IoT, and the telecom industry is clamoring to get on board as more than just a data pipe. In his session at @ThingsExpo, Evan McGee, CTO of Ring Plus, Inc., discussed what service operators can offer that would benefit IoT entrepreneurs, inventors, and consumers. Evan McGee is the CTO of RingPlus, a leading innovative U.S. MVNO and wireless enabler. His focus is on combining web technologies with traditional telecom to create a new breed of unified communication that is easily accessible to the general consumer. With over a de...
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
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 @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared 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, a...