Cornerstone OnDemand Announces Fourth Quarter and Fiscal Year 2012 Financial Results

By Business Wire	Article Rating:
February 12, 2013 04:02 PM EST	Reads:	428

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Learning and talent management software provider Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced results for its fourth quarter and fiscal year ended December 31, 2012.

“Through all of the consolidation that took place during 2012, our business continued to excel, and Cornerstone OnDemand is today the clear independent SaaS leader in learning and talent management,” said Adam Miller, the Company's President and CEO. “We are extremely proud of what our team was able to accomplish this past year. Our persistent drive to innovate has provided our clients with a best-of-breed, end-to-end talent management solution. With a truly global market opportunity, and our relentless focus on client success, we look forward to continued growth in the future.”

Revenue for the fourth quarter of 2012 was $36.4 million, representing a 63% increase compared to the same period in 2011. Non-GAAP revenue for the fourth quarter of 2012 was $36.7 million, representing a 64% increase compared to the same period in 2011.¹Revenue for the full fiscal year 2012 was $117.9 million, representing a 56% increase compared to gross revenue for the full fiscal year 2011.² Non-GAAP revenue for the full fiscal year 2012 was $119.4 million, representing a 58% increase compared to the full fiscal year 2011.¹

Bookings, which the Company defines as gross revenue plus the change in deferred revenue for the period, were $56.1 million for the fourth quarter of 2012, representing a 46% increase compared to the same period in 2011.¹ Bookings for the full fiscal year 2012 were $154.3 million, representing a 58% increase compared to the full fiscal year 2011.¹ Deferred revenue at December 31, 2012 was $92.3 million, representing a 65% increase compared to the balance at December 31, 2011.

Gross profit for the fourth quarter of 2012 was $25.7 million, representing a 61% year-over-year increase compared to the same period in 2011.

Gross profit for the full fiscal year 2012 was $83.3 million, representing a 54% increase compared to gross profit for the full fiscal year 2011, based on gross revenue.² Gross margin for the full fiscal year 2012 was 70.7%. On a non-GAAP basis, gross margin for the full fiscal year 2012 was 73.2%.¹

The Company’s net loss for the fourth quarter of 2012 was $7.4 million, or $0.15 net loss per share. Non-GAAP net loss for the fourth quarter of 2012 was $2.9 million, or $0.06 net loss per share. Net loss for the full fiscal year 2012 was $31.4 million, or $0.63 net loss per share. Non-GAAP net loss for the full fiscal year 2012 was $16.0 million, or $0.32 net loss per share. Non-GAAP net loss is based on non-GAAP revenue and excludes, for the periods in which they are present, stock-based compensation and employer-related payroll taxes, amortization of intangible assets, acquisition costs, amortization of debt discount and issuance costs, early debt retirement expense, change in the fair value of preferred stock warrant liabilities, adjustments to taxes related to acquisition adjustments, and accretion related to preferred stock.¹

During the fourth quarter of 2012, net cash provided by operating activities was $14.1 million as compared to $4.9 million in the same period in 2011. For the full fiscal year 2012, net cash provided by operating activities was $10.3 million as compared to $1.8 million for the full fiscal year 2011. At December 31, 2012, the Company’s total cash and cash equivalents were $76.4 million and accounts receivable were $47.5 million, yielding a total of approximately $124.0 million.

The Company ended the quarter with over 1,200 clients and over 10.5 million users, representing 53% and 41% year-over-year growth of the Company’s client base and users, respectively.³


¹		Non-GAAP revenue, bookings, non-GAAP net cash provided by operating activities, non-GAAP net loss, non-GAAP net loss per share, non-GAAP gross profit, and non-GAAP gross margin are non-GAAP financial measures. Please see the discussion in the section “Non-GAAP Financial Measures” and the reconciliations at the end of this release. Due to purchase accounting rules applicable to the acquisition of Sonar Limited we completed during the second quarter of 2012, the Company recorded an adjustment of $1.6 million to reduce to fair value the balance of deferred revenue attributable to contracts assumed from Sonar Limited. This fair value adjustment has the impact of reducing the amount of revenue attributable to contracts assumed from Sonar Limited by $0.3 million for the quarter ended December 31, 2012 and $1.4 million for the full fiscal year 2012. Our non-GAAP revenue calculation adds back these fair value adjustments.

²		Comparative year-over-year changes of revenue or gross profit uses gross revenue for the full fiscal year 2011. Gross revenue for the full fiscal year 2011 excludes the impact of a non-cash reduction of revenue related to a common stock warrant issued to ADP of $2.5 million. Net revenue and net loss for the full fiscal year 2011 was impacted by this non-cash reduction of revenue.

³		Includes contracted clients and active users of any combination of our cloud-based solutions, excluding Cornerstone Small Business Solution, or “CSB”.

Quarterly Conference Call

Cornerstone OnDemand will host a conference call to discuss its fourth quarter and fiscal year 2012 results at 2:00 p.m. PST (5:00 p.m. ET) today. A live audio webcast of the conference call, together with detailed financial information, can be accessed through the company’s Investor Relations Web site at http://investors.cornerstoneondemand.com/events.cfm. The live call can be accessed by dialing (888) 357-3694 (U.S.) or (973) 890-8276 (outside the U.S.) and referencing passcode: 92587407. A replay of the call will also be available at http://investors.cornerstoneondemand.com/events.cfm or via telephone until 11:59 p.m. PST on February 16, 2013 by dialing (855) 859-2056 (U.S.) or (404) 537-3406 (outside the U.S.), and referencing passcode: 92587407.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc. is a leading global provider of comprehensive learning and talent management solutions. We enable organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital. Our integrated software-as-a-service (SaaS) solution consists of the Cornerstone Recruiting Cloud, the Cornerstone Performance Cloud, the Cornerstone Learning Cloud and the Cornerstone Extended Enterprise Cloud. Our clients use our solution to source and recruit top talent, develop employees throughout their careers, engage employees effectively, improve business execution, cultivate future leaders, and integrate with their external networks of customers, vendors and distributors. We currently empower more than 10.5 million users across 189 countries and in 38 languages. www.csod.com

CIO, CTO & Developer Resources

Note: Cornerstone^® and Cornerstone OnDemand^® are registered trademarks of Cornerstone OnDemand Inc.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding Cornerstone OnDemand’s future financial performance, market growth, the demand for and benefits from the use of Cornerstone OnDemand’s solutions, and general business conditions. Any forward-looking statements contained in this press release are based upon Cornerstone OnDemand’s historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Cornerstone OnDemand’s expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Cornerstone OnDemand disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from Cornerstone OnDemand’s current expectations. Important factors that could cause actual results to differ materially from those anticipated in our forward-looking statements include, but are not limited to, our ability to attract new clients; the extent to which clients renew their subscriptions for our solution; our ability to compete as the talent management provider for organizations of all sizes; changes in the proportion of our client base that is comprised of enterprise or mid-sized organizations; our ability to manage our growth, including additional headcount and entry into new geographies; the timing and success of solutions offered by our competitors; unpredictable macro-economic conditions; reductions in information technology spending; the success of our new product and service introductions; a disruption in our hosting network infrastructure; costs and reputational harm that could result from defects in our solution; the success of our strategic relationships with third parties; the loss of any of our key employees; increased demands on our infrastructure and costs associated with operating as a public company; failure to protect our intellectual property; acts of terrorism or other vandalism, war or natural disasters; changes in current tax or accounting rules; unanticipated costs or liabilities related to businesses that we acquire; and other risks and uncertainties. Further information on factors that could cause actual results to differ materially from the results anticipated by our forward-looking statements is included in Cornerstone OnDemand’s reports filed with the SEC, including its Form 10-Q filed with the SEC on November 14, 2012.

Non-GAAP Financial Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with GAAP, Cornerstone OnDemand has provided in this release certain measures that have not been prepared in accordance with GAAP. These non-GAAP financial measures include (i) non-GAAP revenue, which is defined as gross revenue plus revenue not recognized in the period due to the impact of purchase accounting rules on deferred revenue acquired through acquisitions, (ii) bookings, which are defined as gross revenue plus the change in deferred revenue for the period, (iii) non-GAAP net cash provided by operating activities, which excludes acquisition and acquisition-related costs and employer-related taxes from stock-based compensation, (iv) non-GAAP net loss and non-GAAP net loss per share, which are based on non-GAAP revenue and exclude, for the periods in which they are present, stock-based compensation and employer-related payroll taxes, amortization of intangible assets, acquisition costs, adjustments to taxes related to acquisition adjustments, amortization of debt discount and issuance costs, early debt retirement expense, change in the fair value of preferred stock warrant liabilities, and accretion related to preferred stock, and (v) non-GAAP gross profit and non-GAAP gross margin, which are calculated based on non-GAAP revenue and exclude stock-based compensation and amortization of certain intangible assets reflected in cost of revenue.

Cornerstone OnDemand’s management uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to the corresponding GAAP measures, in evaluating Cornerstone OnDemand’s ongoing operational performance and trends and in comparing its financial measures with other companies in the same industry, many of which present similar non-GAAP financial measures to help investors understand the operational performance of their businesses. However, it is important to note that the particular items Cornerstone excludes from, or includes in, its non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry.

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. A reconciliation of the non-GAAP financial measures to such GAAP measures has been provided in the tables included as part of this press release.

Cornerstone OnDemand, Inc.
CONSOLIDATED BALANCE SHEETS
(in thousands)

			December 31, 2012			December 31, 2011
	Assets
		Cash and cash equivalents	$	76,442		$	85,409
		Accounts receivable, net		47,528			34,110
		Deferred commissions		9,354			3,537
		Prepaid expenses and other current assets, net		8,249			3,789
		Total current assets		141,573			126,845

		Capitalized software development, net		7,007			4,106
		Property and equipment, net		7,947			3,663
		Intangible assets, net		6,887			609
		Goodwill		8,193			-
		Other assets, net		227			139
	Total Assets		$	171,834		$	135,362

	Liabilities and Stockholders' Equity
	Liabilities
		Accounts payable	$	4,849		$	3,834
		Accrued expenses		14,986			8,039
		Deferred revenue, current portion		87,759			52,338
		Capital lease obligations, current portion		1,643			1,617
		Debt, current portion		916			265
		Other liabilities		3,885			996
		Total current liabilities		114,038			67,089

		Other liabilities, non-current		3,592			806
		Deferred revenue, net of current portion		4,493			3,542
		Capital lease obligations, net of current portion		1,227			1,056
		Long-term debt, net of current portion		1,836			409
		Total liabilities		125,186			72,902

	Stockholders' Equity
		Common stock		5			5
		Additional paid-in capital		242,767			226,916
		Accumulated deficit		(196,041	)		(164,651	)
		Accumulated other comprehensive (loss) income		(83	)		190
		Total stockholders’ equity		46,648			62,460
	Total Liabilities and Stockholders' Equity		$	171,834		$	135,362


Cornerstone OnDemand, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)

			Three Months Ended December 31,						Year Ended December 31,
				2012			2011			2012			2011

	Gross revenue		$	36,426		$	22,386		$	117,914		$	75,522
		Common stock warrant charge ¹		-			-			-			(2,500	)
	Net revenue			36,426			22,386			117,914			73,022
	Cost of revenue ^{2, 3}			10,722			6,382			34,591			21,285
		Gross profit		25,704			16,004			83,323			51,737

	Operating expenses:
		Sales and marketing ²		21,280			13,529			73,563			45,773
		Research and development ²		4,261			2,541			14,886			10,149
		General and administrative ²		7,566			4,545			25,912			15,122
		Amortization of certain acquired intangible assets		251			-			739			-
		Total operating expenses		33,358			20,615			115,100			71,044
	Loss from operations			(7,654	)		(4,611	)		(31,777	)		(19,307	)
	Other income (expense):
		Interest income		-			5			-			20
		Interest expense		(84	)		(105	)		(442	)		(902	)
		Change in fair value of preferred stock warrant liabilities		-			-			-			(42,559	)
		Withdrawn secondary offering expense		-			-			-			(555	)
		Other, net		82			(196	)		40			(416	)
		Other income (expense), net		(2	)		(296	)		(402	)		(44,412	)
	Loss before income tax benefit (provision)			(7,656	)		(4,907	)		(32,179	)		(63,719	)
	Income tax benefit (provision)			239			(49	)		789			(181	)
	Net loss			(7,417	)		(4,956	)		(31,390	)		(63,900	)
	Accretion of redeemable preferred stock			-			-			-			(5,208	)
	Net loss attributable to common stockholders		$	(7,417	)	$	(4,956	)	$	(31,390	)	$	(69,108	)
	Net loss per share attributable to common stockholders, basic and diluted		$	(0.15	)	$	(0.10	)	$	(0.63	)	$	(1.74	)
	Weighted-average common shares outstanding, basic and diluted			50,486			48,597			49,929			39,824

	¹	During the second quarter of 2011, we recorded a $2.5 million reduction of revenue associated with a common stock warrant to ADP.

	²	Includes stock-based compensation and employer-related taxes as follows:

			Three Months Ended December 31,						Year Ended December 31,
				2012			2011			2012			2011

		Cost of revenue	$	356		$	421		$	1,669		$	597
		Sales and marketing		1,800			597			4,101			1,422
		Research and development		354			152			982			765
		General and administrative		1,494			702			5,652			2,047
		Total	$	4,004		$	1,872		$	12,404		$	4,831

	³	Cost of revenue includes amortization of intangible assets as follows:

			Three Months Ended December 31,						Year Ended December 31,
				2012			2011			2012			2011

		Cost of revenue	$	305		$	32		$	964		$	128


Cornerstone OnDemand, Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

	Three Months Ended						Year Ended
	December 31,						December 31,
		2012			2011			2012			2011

Cash flows from operating activities:
Net loss	$	(7,417	)	$	(4,956	)	$	(31,390	)	$	(63,900	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		2,098			1,019			7,037			3,714
Non-cash interest expense		37			61			143			579
Change in fair value of preferred stock warrant liabilities		-			-			-			42,559
Charges related to the issuance of common stock warrant		-			-			-			2,500
Unrealized foreign exchange (gain) loss		(145	)		202			(182	)		460
Stock-based compensation expense		3,909			1,543			12,206			4,502
Deferred income taxes		(398	)		-			(1,050	)		-
Withdrawn secondary offering expense		-			-			-			555
Non-cash charitable contribution of common stock		-			-			-			193
Changes in operating assets and liabilities, net of effects from acquisition:
Accounts receivable		(2,196	)		(11,111	)		(12,254	)		(13,308	)
Deferred commissions		(5,119	)		(728	)		(5,691	)		(1,274	)
Prepaid expenses and other assets		(780	)		(272	)		(4,188	)		(1,804	)
Accounts payable		(1,466	)		566			190			915
Accrued expenses		5,201			1,535			6,325			3,314
Deferred revenue		19,584			16,076			35,327			22,161
Other liabilities		780			937			3,822			666
Net cash provided by operating activities		14,088			4,872			10,295			1,832
Cash flows from investing activities:
Purchases of property and equipment		(1,776	)		-			(2,123	)		(784	)
Capitalized software costs		(1,368	)		(741	)		(5,030	)		(3,022	)
Purchase of available-for-sale securities		-			-			-			(34,079	)
Proceeds from maturities of available-for-sale securities		-			17,000			-			34,000
Cash paid for acquisition, net of cash acquired		-			-			(12,428	)		-
Net cash (used in) provided by investing activities		(3,144	)		16,259			(19,581	)		(3,885	)
Cash flows from financing activities:
Proceeds from initial public offering, net of underwriting discounts and commissions		-			-			-			90,539
Proceeds from issuance of preferred stock upon warrant exercises		-			-			-			3,163
Proceeds from issuance of debt		1,043			-			1,043			669
Payments of initial public offering costs		-			-			-			(3,436	)
Payments of withdrawn secondary offering costs		-			-			-			(555	)
Repayment of debt		(260	)		(56	)		(1,510	)		(9,207	)
Principal payments under capital lease obligations		(523	)		(818	)		(1,919	)		(1,977	)
Payments of withholding tax on net exercise of stock-based awards		-			-			-			(48	)
Proceeds from stock option and warrant exercises		714			876			2,697			1,491
Net cash provided by financing activities		974			2			311			80,639
Effect of exchange rate changes on cash and cash equivalents		32			(99	)		8			(244	)
Net increase (decrease) in cash and cash equivalents		11,950			21,034			(8,967	)		78,342
Cash and cash equivalents at beginning of period		64,492			64,375			85,409			7,067
Cash and cash equivalents at end of period	$	76,442		$	85,409		$	76,442		$	85,409


Cornerstone OnDemand, Inc.
RECONCILIATIONS OF REVENUE TO NON-GAAP REVENUE AND GROSS MARGIN TO NON-GAAP GROSS MARGIN
(dollars in thousands)
(unaudited)

			Three Months Ended December 31,						Year Ended December 31,
				2012			2011			2012			2011


	Gross revenue		$	36,426		$	22,386		$	117,914		$	75,522
	Common stock warrant charge ¹			-			-			-			(2,500	)
	Net revenue			36,426			22,386			117,914			73,022
	Cost of revenue			10,722			6,382			34,591			21,285
	Gross profit		$	25,704		$	16,004		$	83,323		$	51,737
	Gross margin			70.6	%		71.5	%		70.7	%		70.9	%

	Net revenue		$	36,426		$	22,386		$	117,914		$	73,022
	Adjustments to net revenue
		Common stock warrant charge ¹		-			-			-			2,500
		Adjustments to revenue ²		293			-			1,440			-
	Total adjustments to net revenue			293			-			1,440			2,500
	Non-GAAP revenue		$	36,719		$	22,386		$	119,354		$	75,522

	Cost of revenue		$	10,722		$	6,382		$	34,591		$	21,285
	Adjustments to costs of revenue
		Amortization of intangible assets		(305	)		(32	)		(964	)		(128	)
		Stock based compensation and employer-related taxes		(356	)		(421	)		(1,669	)		(597	)
	Total adjustments to cost of revenue			(661	)		(453	)		(2,633	)		(725	)
	Non-GAAP costs of revenue			10,061			5,929			31,958			20,560
	Non-GAAP gross profit		$	26,658		$	16,457		$	87,396		$	54,962
	Non-GAAP gross margin			72.6	%		73.5	%		73.2	%		72.8	%

	¹	During the second quarter of 2011, we recorded a $2.5 million reduction of revenue associated with a common stock warrant to ADP.

	²	Due to purchase accounting rules, upon acquisition, Cornerstone recorded an adjustment of $1.6 million to reduce the balance of deferred revenue related to the assumed client contracts acquired from Sonar Limited. As a result of this adjustment, $0.3 million and $1.4 million of revenue was not recognized during the three and twelve months ended December 31, 2012, respectively. Therefore, revenue is adjusted by an increase of $0.3 million and $1.4 million to arrive at non-GAAP revenue for the three and twelve months ended December 31, 2012, respectively.


Cornerstone OnDemand, Inc.
RECONCILIATIONS OF NET LOSS TO NON-GAAP NET LOSS AND NON-GAAP NET LOSS PER SHARE
(in thousands, except per share amounts)
(unaudited)

				Three Months Ended December 31,						Year Ended December 31,
					2012			2011			2012			2011


		Net loss		$	(7,417	)	$	(4,956	)	$	(31,390	)	$	(63,900	)
		Adjustments to net loss
			Common stock warrant charge		-			-			-			2,500
			Stock-based compensation and employer-related payroll taxes		4,004			1,872			12,404			4,831
			Acquisition related:
			Adjustments to revenue ¹		293			-			1,440			-
			Amortization of intangible assets		492			-			1,446			-
			Acquisition costs		-			-			747			-
			Adjustments to benefit (provision) for income taxes ²		(302	)		-			(964	)		-
			Change in fair value of preferred stock warrant liabilities		-			-			-			42,559
			Withdrawn secondary offering expense		-			-			-			555
			Other amortization costs and other expenses		64			70			358			748
			Total adjustments to net loss		4,551			1,942			15,431			51,193
		Non-GAAP net loss		$	(2,866	)	$	(3,014	)	$	(15,959	)	$	(12,707	)
		Weighted-average common shares outstanding, basic and diluted			50,486			48,597			49,929			39,824
		Non-GAAP net loss per share		$	(0.06	)	$	(0.06	)	$	(0.32	)	$	(0.32	)


	¹	As of December 31, 2012, approximately $0.3 million and $1.4 million in estimated revenues were not recognized during the three and twelve months ended December 31, 2012, respectively, due to purchase accounting rules.

	²	Income tax effects related to acquisition related adjustments.


Cornerstone OnDemand, Inc.
CALCULATIONS OF BOOKINGS (DEFINED AS GROSS REVENUE PLUS CHANGE IN DEFERRED REVENUE)
(dollars in thousands)
(unaudited)

		Deferred Revenue Balance		Three Months Ended December 31, 2012


	Gross revenue			$	36,426

	Deferred revenue at September 30, 2012	$	72,622
	Deferred revenue at December 31, 2012		92,252
	Change in deferred revenue		19,630		19,630

	Bookings			$	56,056


		Deferred Revenue Balance		Three Months Ended December 31, 2011



	Gross revenue			$	22,386

	Deferred revenue at September 30, 2011	$	39,875
	Deferred revenue at December 31, 2011		55,880
	Change in deferred revenue		16,005		16,005

	Bookings			$	38,391

	Percentage period-over-period increase in bookings for the three months ended December 31, 2012				46	%



		Deferred Revenue Balance		Year Ended December 31, 2012



	Gross revenue			$	117,914

	Deferred revenue at December 31, 2011	$	55,880
	Deferred revenue at December 31, 2012		92,252
	Change in deferred revenue		36,372		36,372

	Bookings			$	154,286


		Deferred Revenue Balance		Year Ended December 31, 2011



	Gross revenue			$	75,522

	Deferred revenue at December 31, 2010	$	33,818
	Deferred revenue at December 31, 2011		55,880
	Change in deferred revenue		22,062		22,062

	Bookings			$	97,584

	Percentage period-over-period increase in bookings for the year ended December 31, 2012				58	%


Cornerstone OnDemand, Inc.
RECONCILIATIONS OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO NON-GAAP NET CASH PROVIDED BY OPERATING
ACTIVITIES
(in thousands)
(unaudited)

			Three Months Ended December 31,					Year Ended December 31,
				2012			2011		2012			2011

		Net cash provided by operating activities	$	14,088		$	4,872	$	10,295		$	1,832
		Payment of acquisition related costs		-			-		747			-
		Payment of employer related taxes from stock-based compensation		95			329		198			329
		Non-GAAP net cash provided by operating activities	$	14,183		$	5,201	$	11,240		$	2,161

		Net cash (used in) provided by investing activities ¹	$	(3,144	)	$	16,259	$	(19,581	)	$	(3,885	)
		Net cash provided by financing activities	$	974		$	2	$	311		$	80,639


	¹	Includes purchases of property and equipment and capitalized software development costs.

Published February 12, 2013 – Reads 428
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Cloud Expo New York: Building Open Interoperable Cloud Infrastructure

By Pat Romanski

At pennies per virtual machine-hour, the economics of cloud computing are both compelling and daunting to replicate. Whether you are building your own cloud infrastructure, building a public cloud or choosing a cloud service, there are key strategy and technology decisions that make the difference between success and failure. In his General Session at the 12th International Cloud Expo, Jason Waxman, VP in the Intel Architecture Group and general manager of the Cloud Platforms Group within Inte...

May. 25, 2013 10:00 AM EDT Reads: 868

Cloud Expo New York | Enterprise Cloud: Five Dirty Little Secrets

By Elizabeth White

You're getting pitched every day from your legacy enterprise software and hardware vendors about "cloud." They're doing an amazing job of convincing your CIO and CTO about what cloud is and how you should use it. The reality is they're defending their shrinking market share and keeping you on the legacy treadmill for as long as they can by selling you solutions that aren't "cloud." In her session at the 12th International Cloud Expo, Niki Acosta, Cloud Evangelista for Rackspace, will talk thro...

May. 25, 2013 10:00 AM EDT Reads: 833

Understanding SSD Technology to Avoid the Rip-and-Replace Game

By Jeremy Geelan

The rise of cloud computing has exposed hard drive-based storage as the new data center bottleneck. Combating this, data center managers have deployed SSDs to gain the performance needed to provide real-time access to data. However, due to budget constraints, many have turned to consumer-grade SSDs without understanding that they wear out quickly when processing enterprise workloads. In this session, Esther Spanjer will discuss recent endurance advancements in SSD technology that enable usage of...

May. 25, 2013 10:00 AM EDT Reads: 2,748

Wowrack to Exhibit at Cloud Expo New York

By Elizabeth White

SYS-CON Events announced today that Wowrack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosting Solutions. Wowrack provides a true Hybrid service – where business release all IT management and hardware provisioning – taking the data center and server system administrative headaches off our customer’s shoulders. ...

May. 25, 2013 10:00 AM EDT Reads: 1,382

Cloud Expo New York: Is Your Organization 'Cloud-Ready'?

By Liz McMillan

Organizations across the world are increasingly starting to see the benefits of moving more and more services to the cloud. The focus on the cost-saving potential of cloud is rapidly shifting to completely transforming the business with cloud. As organizations are investing enormous sums on technology they are starting to realize that in order to maximize the return on investment and accelerate the business transformation process the first area of focus should be people. By ensuring the organiza...

May. 25, 2013 09:15 AM EDT Reads: 1,166

[Updated] OpenStack NYC Meetup Group Syncs Up with Cloud Expo New York

By Jeremy Geelan

"Since Cloud Expo is running the week of June 10, we thought it'd be a great idea to schedule our Meetup this week. That way, if you have colleagues, friends, or family in town that week for the Expo, you can invite them to join you!" With those words, the OpenStack New York Meetup Group's organizer's launched a landing page this week where anyone interested can register for the June 12 evening event.

May. 25, 2013 09:15 AM EDT Reads: 1,136

Time to Mission @ the Speed of Cloud

By Jeremy Geelan

Organizations want extraordinary results from their IT units. Today's mantra is faster delivery, better quality, cheaper solutions, and safer environments. Many CIOs are implementing cloud computing enterprise architectures to address these challenges with results varying greatly. Why are some organizations seeing only limited results from cloud computing implementations while others are increasing market share, decreasing costs, generating value, and innovating faster?

May. 25, 2013 09:00 AM EDT Reads: 3,625

Optimize Your Virtual Environment to Obtain Maximum Business Value

By Jeremy Geelan

Everyone is virtualizing, but are they realizing any of the promised savings? This overview of IBM's new virtualization optimization solutions will show you how integrated Cloud Solutions like SmartCloud Provisioning and SmartCloud Monitoring can deliver the savings virtualization promises. Organizations are using intelligent management and analytics to provide the insight needed to optimize their virtualized infrastructure and dramatically improve availability, reduce data storage footprint...

May. 25, 2013 07:00 AM EDT Reads: 2,484

Big Data Isn’t About the Database, It’s About the Application

By Jeremy Geelan

“Big Data analytics will shape the form of nearly every process going forward in time, from the color of the latest fashions, what the candidates say in one town versus another to the chemical composition of the latest super drug,” noted Steve Knodl, Director of Product Management at NextIO, in this exclusive Q&A with Cloud Expo Conference Chair Jeremy Geelan. “Whether these are considered “new” products,” Knodl continued, “or continuous improvement on previous processes is largely in the eyes o...

May. 25, 2013 07:00 AM EDT Reads: 6,817

Cloud Expo New York: Many Clouds and APIs but One OpenStack and jclouds

By Elizabeth White

In an ideal developer/systems administrator’s world, most applications would deploy seamlessly to multiple platforms and scale elastically with minimal effort bringing the unprecedented agility of the cloud within immediate reach of developer teams and IT organizations. OpenStack, a RackSpace and NASA initiative, is now managed by an independent foundation and is supported by multiple vendors. It defines APIs for compute, storage, networking, services, monitoring, and additional infrastructure...

May. 25, 2013 07:00 AM EDT Reads: 2,088