Welcome!

@CloudExpo Authors: Elizabeth White, Craig Lowell, Pat Romanski, Carmen Gonzalez, ManageEngine IT Matters

News Feed Item

Synchronoss Technologies, Inc. Announces Fourth Quarter and Full Year 2012 Financial Results

Synchronoss Technologies, Inc. (NASDAQ: SNCR), the mobile innovation company that provides personal cloud solutions and software-based activation for connected devices across the globe, today announced financial results for the fourth quarter and full year 2012.

“The company’s strong business momentum contributed to revenue and profitability that were above the high end of our expectations for the fourth quarter,” said Stephen G. Waldis, Founder and Chief Executive Officer of Synchronoss. “2012 was a transformational year for Synchronoss. Mobile operators began to solidify their cloud strategies, and we achieved our goal of winning cloud services engagements with several of the largest mobile operators around the globe. In addition, our recent acquisition of NewBay further expands our market share, our Personal Cloud platform functionality and our customer relationships.”

Waldis added, “As we look ahead, we are very optimistic about Synchronoss’ future as we are positioned to take advantage of certain powerful industry drivers such as the growth in connected devices and cloud services. We remain on track to deploy our Personal Cloud platform with multiple major operators over the course of 2013, and we believe Synchronoss is poised to deliver strong growth on a sustained basis as our customers launch, scale and expand their cloud services.”

On a GAAP basis, Synchronoss reported net revenues of $73.2 million, representing an increase of 18% compared to the fourth quarter of 2011. Gross profit was $41.9 million and income from operations was $6.6 million in the fourth quarter of 2012. Net income applicable to common stock was $3.4 million, leading to diluted earnings per share of $0.09, compared to $0.21 for the fourth quarter of 2011.

On a non-GAAP basis, Synchronoss reported net revenues, which adds back the purchase accounting adjustment related to revenues for certain acquisitions, of $73.9 million, an increase of 19% compared to the fourth quarter of 2011. Gross profit for the fourth quarter of 2012 was $44.2 million, representing a gross margin of 60%. Income from operations was $18.7 million in the fourth quarter of 2012, representing a year-over-year increase of 18% and an operating margin of 25%. Net income was $11.1 million in the fourth quarter of 2012, down from $13.3 million in the year ago period due to a higher tax rate in the fourth quarter of 2012 caused by the delayed renewal of federal research and development tax credits in the United States. Diluted earnings per share were $0.29 for the fourth quarter of 2012, above the high-end of our expectations and compared to $0.34 for the fourth quarter of 2011.

A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures."

“We are pleased with the leverage displayed in Synchronoss’ business model during 2012. While we invested heavily in the company’s Personal Cloud platform and global distribution, Synchronoss delivered a record annual non-GAAP gross margin of 60% along with 200 basis points of non-GAAP operating margin expansion,” said Lawrence R. Irving, Chief Financial Officer and Treasurer. “We believe there is additional, leverage in our financial model over time as our Tier 1 carrier customers deploy and scale our higher margin cloud platform.”

Other Fourth Quarter and Recent Business Highlights:

  • Business outside of the AT&T relationship accounted for approximately $43.6 million of non-GAAP revenue, representing approximately 59% of total revenue. Verizon Wireless remained the largest contributor to Synchronoss’ business outside of AT&T, representing over 10% of Synchronoss’ revenue for the quarter. Business related to AT&T accounted for approximately $30.3 million of non-GAAP revenue, representing the other 41% of total revenue.
  • During December 2012, Synchronoss acquired NewBay, a wholly owned subsidiary of Blackberry (formerly Research in Motion), for $55.5 million in cash. NewBay’s technology assets and millions of worldwide subscribers further establish Synchronoss as the leader in providing cloud based mobile content services for mobile operators around the world. NewBay also bolsters Synchronoss’ international presence, including its relationship with several mobile operators in Europe.

Full Year 2012 Summary Financial Results

  • On a GAAP basis: Revenues for the full year 2012 were $273.7 million, an increase of 19% compared to $229.1 million in the prior year. Gross profit was $158.0 million for the full year 2012. Income from operations was $41.5 million and net income was $27.1 million, leading to full year 2012 diluted earnings per share of $0.69.
  • On a Non-GAAP basis: Revenues for the full year 2012 were $275.2 million, an increase of 19% compared to $230.5 million in the prior year. Gross profit for the full year 2012 was $164.3 million, representing a gross margin of 60%. Income from operations was $69.8 million for the full year 2012 and represented an operating margin of 25%. Net income was $43.2 million for the full year 2012, leading to diluted earnings per share of $1.10, an increase from $0.98 in the prior year.

Conference Call Details

In conjunction with this announcement, Synchronoss will host a conference call on Thursday, February 7, 2013, at 4:30 p.m. (ET) to discuss the company's financial results. To access this call, dial 866-700-7101 (domestic) or 617-213-8837 (international). The pass code for the call is 44264651. Additionally, a live web cast of the conference call will be available on the “Investor Relations” page on the company’s web site www.synchronoss.com.

Following the conference call, a replay will be available at 888-286-8010 (domestic) or 617-801-6888 (international). The replay pass code is 55365997. An archived web cast of this conference call will also be available on the “Investor Relations” page of the company’s web site, www.synchronoss.com.

Non-GAAP Financial Measures

Synchronoss has provided in this release selected financial information that has not been prepared in accordance with GAAP. This information includes historical non-GAAP revenues, gross profit, operating income, net income, effective tax rate, earnings per share and cash flows from operating activities. Synchronoss uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Synchronoss’ ongoing operational performance. Synchronoss believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends, and in comparing its financial results with other companies in Synchronoss’ industry, many of which present similar non-GAAP financial measures to investors. As noted, the non-GAAP financial results discussed above add back the deferred revenue write-down associated with acquisitions, fair value stock-based compensation expense, acquisition-related costs, changes in the contingent consideration obligation, deferred compensation expense related to earn outs and amortization of intangibles associated with acquisitions.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures as detailed above. As previously mentioned, a reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release.

About Synchronoss Technologies, Inc.

Synchronoss Technologies (NASDAQ: SNCR) is the mobile innovation company that provides personal cloud solutions and software-based activation for connected devices across the globe. The company’s proven and scalable technology solutions allow customers to connect, synchronize and activate connected devices and services that empower enterprises and consumers to live in a connected world. For more information visit us at:

Web: www.synchronoss.com

Blog: http://blog.synchronoss.com

Twitter: http://twitter.com/synchronoss

Forward-looking Statements

This document may include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," “outlook” or words of similar meanings. These statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under the caption "Risk Factors" in Synchronoss’ Annual Report on Form 10-K for the year ended December 31, 2011 and other documents filed with the U.S. Securities and Exchange Commission. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. Synchronoss does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.

The Synchronoss logo, Synchronoss, ConvergenceNow, InterconnectNow, ConvergenceNow Plus+ and SmartMobility are trademarks of Synchronoss Technologies, Inc. All other trademarks are property of their respective owners.

SYNCHRONOSS TECHNOLOGIES, INC.
BALANCE SHEETS
(in thousands, except per share data)
(Unaudited)
         
December 31,
2012 2011
 
ASSETS
Current assets:
Cash and cash equivalents $ 36,028 $ 69,430
Marketable securities 20,188 51,504

Accounts receivable, net of allowance for doubtful accounts of $258 and $356 at December 31, 2012 and 2011, respectively

77,565 57,387
Prepaid expenses and other assets 19,009 16,061
Deferred tax assets   4,114     3,938  
 
Total current assets 156,904 198,320
Marketable securities 653 31,642
Property and equipment, net 58,162 34,969
Goodwill 115,517 54,617
Intangible assets, net 110,760 63,969
Deferred tax assets 6,961 12,606
Other assets   3,482     2,495  
 
Total assets $ 452,439   $ 398,618  
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 8,980 $ 7,712
Accrued expenses 37,069 24,153
Deferred revenues 11,320 8,834
Contingent consideration obligation   3,279     4,735  
 
Total current liabilities 60,648 45,434
Lease financing obligation - long term 9,540 9,241
Contingent consideration obligation - long-term 5,100 8,432
Other liabilities 2,494 948
Stockholders’ equity:

Preferred stock, $0.0001 par value; 10,000 shares authorized, 0 shares issued and
  outstanding at December 31, 2012 and 2011

Common stock, $0.0001 par value; 100,000 shares authorized, 42,533 and 41,063 shares
  issued; 38,674 and 38,394 outstanding at December 31, 2012 and 2011, respectively

4 4
Treasury stock, at cost (3,859 and 2,669 shares at December 31, 2012 and 2011, respectively (67,918 ) (43,712 )
Additional paid-in capital 344,469 307,586
Accumulated other comprehensive loss (365 ) (699 )
Retained earnings   98,467     71,384  
 
Total stockholders’ equity   374,657     334,563  
 
Total liabilities and stockholders’ equity $ 452,439   $ 398,618  
 
 
SYNCHRONOSS TECHNOLOGIES, INC.
STATEMENT OF INCOME
(in thousands, except per share data)
(Unaudited)
                   
Three Months Ended December 31, Twelve Months Ended December 31,
 
2012 2011 2012 2011
 
 
Net revenues $ 73,181 $ 62,151 $ 273,692 $ 229,084
Costs and expenses:
Cost of services (2)(3)(4)* 31,282 28,325 115,670 106,595
Research and development (2)(3)(4) 14,216 10,504 52,307 41,541
Selling, general and administrative (2)(3)(4) 14,952 12,973 46,680 44,886
Net change in contingent consideration obligation (500 ) (357 ) (6,235 ) 2,954
Depreciation and amortization   6,611     3,710     23,812     14,739  
 
Total costs and expenses   66,561     55,155     232,234     210,715  
 
Income from operations 6,620 6,996 41,458 18,369
Interest income 292 349 1,315 821
Interest expense (296 ) (255 ) (998 ) (928 )
Other income (expense) (5)   303     (43 )   889     97  
 
Income before income tax expense 6,919 7,047 42,664 18,359
Income tax expense (benefit)   (3,470 )   1,161     (15,581 )   (3,233 )
 
Net income $ 3,449   $ 8,208   $ 27,083   $ 15,126  
 
 
Net income per common share:
Basic (1) $ 0.09   $ 0.22   $ 0.71   $ 0.44  
 
Diluted (1) $ 0.09   $ 0.21   $ 0.69   $ 0.43  
 
 
Weighted-average common shares outstanding:
Basic   37,894     37,683     38,195     37,372  
 
Diluted   38,631     38,755     39,126     38,619  
 
* Cost of services excludes depreciation which is shown separately.
 
(1) Adjustment to net income for equity mark-to-market on contingent consideration obligation:
Net income $ 3,449 $ 8,208 $ 27,083 $ 15,126
Income effect for equity mark-to-market on contingent consideration obligation, net of tax   -     -     -     1,466  
 
Net income applicable to shares of common stock for earnings per share $ 3,449   $ 8,208   $ 27,083   $ 16,592  
 
 
(2) Amounts include fair value stock-based compensation as follows:
Cost of services $ 1,183 $ 1,308 $ 4,244 $ 4,981
Research and development 1,585 1,579 5,441 4,510
Selling, general and administrative   3,270     2,725     10,740     11,236  
 
Total fair value stock-based compensation expense $ 6,038   $ 5,612   $ 20,425   $ 20,727  
 
 
(3) Amounts include acquisition and restructuring costs as follows:
Cost of services $ 73 $ - $ 73 $ 15
Research and development 76 - 285 253
Selling, general and administrative   2,886     2,149     3,310     2,491  
 
Total acquisition and restructuring costs $ 3,035   $ 2,149   $ 3,668   $ 2,759  
 
 
(4) Amounts include fair value earn-out cash and stock compensation as follows:
Cost of services $ 283 $ 82 $ 482 $ 432
Research and development 161 264 630 1,023
Selling, general and administrative   227     303     546     2,448  
 
Total fair value earn-out cash and stock compensation expense $ 671   $ 649   $ 1,658   $ 3,903  
 
 
(5) Amounts include Fx change of the contingent consideration obligation as follows:
Other (expense) income $ (62 ) $ - $ 20 $ -
 
 
SYNCHRONOSS TECHNOLOGIES, INC.
Reconciliation of GAAP to Non-GAAP Financial Measures
(in thousands, except per share data)
(Unaudited)
                   
Three Months Ended December 31, Twelve Months Ended December 31,
 
2012 2011 2012 2011
 
 
Non-GAAP financial measures and reconciliation:
 
GAAP Revenue $ 73,181 $ 62,151 $ 273,692 $ 229,084
Add: Deferred Revenue Write-Down   736     150     1,484     1,387  
 
Non-GAAP Revenue $ 73,917   $ 62,301   $ 275,176   $ 230,471  
 
 
GAAP Revenue $ 73,181 $ 62,151 $ 273,692 $ 229,084
Less: Cost of Services   31,282     28,325     115,670     106,595  
 
GAAP Gross Margin 41,899 33,826 158,022 122,489
 
Add: Deferred revenue write-down 736 150 1,484 1,387
Add: Fair value stock-based compensation 1,183 1,308 4,244 4,981
Add: Acquisition and restructuring costs 73 - 73 15
Add: Deferred compensation expense - earn-out   283     82     482     432  
 
Non-GAAP Gross Margin $ 44,174   $ 35,366   $ 164,305   $ 129,304  
 
Non-GAAP Gross Margin % 60 % 57 % 60 % 56 %
 
GAAP income from operations $ 6,620 $ 6,996 $ 41,458 $ 18,369
Add: Deferred revenue write-down 736 150 1,484 1,387
Add: Fair value stock-based compensation 6,038 5,612 20,425 20,727
Add: Acquisition and restructuring costs 3,035 2,149 3,668 2,759
Add: Net change in contingent consideration obligation (500 ) (357 ) (6,235 ) 2,954
Add: Deferred compensation expense - earn-out 671 649 1,658 3,903
Add: Amortization expense   2,110     660     7,360     2,640  
 
Non-GAAP income from operations $ 18,710   $ 15,859   $ 69,818   $ 52,739  
 
 
GAAP net income attributable to common stockholders $ 3,449 $ 8,208 $ 27,083 $ 15,126
Add: Deferred revenue write-down, net of tax 473 61 959 922
Add: Fair value stock-based compensation, net of tax 3,865 3,253 13,199 13,773
Add: Acquisition and restructuring costs, net of taxes 1,956 1,409 2,370 1,833
Add: Net change in contingent consideration obligation, net of Fx change, net of tax (438 ) (341 ) (6,255 ) 1,963
Add: Deferred compensation expense - earn-out, net of tax 430 330 1,071 2,594
Add: Amortization expense, net of tax   1,348     376     4,756     1,754  
 
Non-GAAP net income $ 11,083   $ 13,296   $ 43,183   $ 37,965  
 
Diluted non-GAAP net income per share $ 0.29   $ 0.34   $ 1.10   $ 0.98  
       
Weighted shares outstanding - Diluted   38,631     38,755     39,126     38,619  
 
 
SYNCHRONOSS TECHNOLOGIES, INC.
STATEMENT OF CASH FLOWS
(in thousands)
(Unaudited)
      Year Ended December 31,
   
2012 2011
 
Operating activities:
Net income $ 27,083 $ 15,126
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense 23,812 14,739
Loss on disposal of asset 230
Amortization of bond premium 1,216 622
Proceeds from insurance claim (199 )
Deferred income taxes 1,475 (642 )
Non-cash interest on leased facility 921 918
Stock-based compensation 20,425 22,051
Changes in operating assets and liabilities:
Accounts receivable, net of allowance for doubtful accounts (11,611 ) (19,409 )
Prepaid expenses and other current assets 8,129 597
Other assets (496 ) (349 )
Accounts payable and accrued expenses (631 ) 7,695
Contingent consideration obligation (8,211 ) 2,188
Excess tax benefit from the exercise of stock options (6,920 ) (3,575 )
Other liabilities (497 ) (183 )
Deferred revenues   949     3,006  
 
Net cash provided by operating activities 55,874 42,585
 
Investing activities:
Purchases of fixed assets (33,234 ) (14,732 )
Proceeds from insurance claim 199
Purchases of marketable securities available-for-sale (13,146 ) (82,098 )
Sales and maturities of marketable securities available-for-sale 74,334 7,259
Business acquired, net of cash   (105,177 )   (55,752 )
 
Net cash used in investing activities (77,223 ) (145,124 )
 
Financing activities:
Proceeds from the exercise of stock options 7,949 17,707
Payments on contingent consideration obligation (2,268 ) (8,533 )
Excess tax benefit from the exercise of stock options 6,920 3,576
Repurchase of common stock (24,615 ) (19,999 )
Proceeds from the sale of Treasury Stock in connection with an employee stock purchase plan 612
Payments on capital obligations   (1,015 )   (945 )
 
Net cash (used in) provided by financing activities (12,417 ) (8,194 )
 
Effect of exchange rate changes on cash   364     (204 )
 
Net decrease in cash and cash equivalents (33,402 ) (110,937 )
Cash and cash equivalents at beginning of year   69,430     180,367  
 
Cash and cash equivalents at end of period $ 36,028   $ 69,430  
 
 
SYNCHRONOSS TECHNOLOGIES, INC.
Reconciliation of GAAP to Non-GAAP Cash Provided by Operating Activities
(in thousands)
(Unaudited)
      Year Ended December 31,
   
2012 2011
 
 
Non-GAAP cash provided by operating activities and reconciliation:
 
Net cash provided by operating activities (GAAP) $ 55,874 $ 42,585
Add: Tax benefits from stock options exercised 6,920 3,575
Add: Cash payments on settlement of Earn-out   3,533   3,026
 
Adjusted cash flow provided by operating activities (Non-GAAP) $ 66,327 $ 49,186
 

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.

@CloudExpo Stories
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. 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 June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
The Internet of Things 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 and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...