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RealNetworks Announces Second Quarter 2014 Results

- Rob Glaser named as permanent CEO;

SEATTLE, July 30, 2014 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK), a leader in personal digital entertainment, today announced results for the second quarter ended June 30, 2014.

For the second quarter of 2014, revenue was $40.8 million, compared to $45.7 million in the previous quarter and $49.9 million in the second quarter of 2013.

"In the second quarter of 2014, we continued to make good progress in our transition into a being a multi-device, cloud-based products and services company," said Rob Glaser, Chairman and CEO of RealNetworks. "Of particular note is RealPlayer Cloud's rapid growth -- RealPlayer Cloud now has over 5 million users worldwide, up from over 2 million three months ago, and, in aggregate, our users are now uploading over 4.5 terabytes of video per day." RealPlayer Cloud is Real's next generation video product and service, which makes it easy to watch, save and share video across every type of popular digital device.

"During the second quarter, we brought in Mike Mulica to lead the integration of our worldwide sales efforts across our RealPlayer and Mobile Entertainment divisions in order to strengthen our focus on partnerships with global carriers.  We also redeployed Max Pellegrini to run the combined product teams and all associated direct-to-consumer marketing.  On the games front, we also strengthened our senior team by bringing in Atul Bali to run our overall Games business and by bringing back Rutger Peters and Erik Goossens, the co-founders of Zylom which we acquired in 2006, to run the Casual Games part of the business.   We also just announced our new Slingo Adventure game, the first fruit of our Slingo acquisition a year ago.  Finally, we also continue to be encouraged by the progress being made by Rhapsody (of which we own approximately 45%), which announced yesterday that it now has over 2 million subscribers."

The company also announced today that Rob Glaser has been named permanent CEO of RealNetworks. See announcement at http://www.realnetworks.com/press/releases/2014/Glaser-permanent-CEO.aspx.    

"While our transition plan will take time to complete and will require more capital than originally anticipated,  I'm very confident that we are on the right track and making progress that is setting us up for a return to long-term growth and profitability," said Glaser.

GAAP net loss for the second quarter of 2014 was $(21.0) million or $(0.59) per diluted share, compared to $(18.5) million or $(0.52) per diluted share in the second quarter of 2013. Adjusted EBITDA for the second quarter of 2014 was a loss of $(13.1) million, compared to $(5.8) million for the second quarter of 2013. A reconciliation of GAAP operating income (loss) to adjusted EBITDA is provided in the financial tables that accompany this release.

As of June 30, 2014, the company had $195.0 million in unrestricted cash, cash equivalents and short-term investments, compared to $226.2 million as of December 31, 2013.

Business Outlook

For the third quarter of 2014, RealNetworks expects total revenue in the range of $33.0 million to $36.0 million. We expect adjusted EBITDA for the quarter to be a loss in the range of $(18.0) million to $(20.0) million.

Webcast and Conference Call Information

The company will host a conference call today to review results and discuss the company's performance at 5 p.m. ET/2 p.m. PT by calling 888-790-3440 or +1-517-308-9350 (Passcode: Second Quarter Earnings). A live webcast of the call will be available at http://investor.realnetworks.com and an on-demand webcast will be available approximately one hour following the conclusion of the conference call. A telephonic replay will be available until 9 p.m. PT, August 20, 2014 by calling 888-566-0046 or +1-203-369-3677 (Passcode: 6895485)

RNWK-F

About RealNetworks

RealNetworks creates innovative applications and services that make it easy to connect with and enjoy digital media. RealNetworks invented the streaming media category in 1995 and continues to connect consumers with their digital media both directly and through partners, aiming to support every network, device, media type and social network. RealNetworks' corporate information is located at www.realnetworks.com/about-us.

RealNetworks, RealPlayer and GameHouse are trademarks or registered trademarks of RealNetworks, Inc. or its subsidiaries. All other companies or products listed herein are trademarks or registered trademarks of their respective owners.

About Non-GAAP Financial Measures

To supplement RealNetworks' consolidated financial information presented in accordance with GAAP in this press release, the company also discloses certain non-GAAP financial measures, including adjusted EBITDA and adjusted EBITDA by reportable segment, which management believes provide investors with useful information.

In the financial tables of our earnings press release, RealNetworks has included reconciliations of GAAP operating income (loss) to adjusted EBITDA and to adjusted EBITDA by reportable segment.

The rationale for management's use of non-GAAP measures is included in the supplementary materials presented with the earnings materials. Please refer to Exhibit 99.2 ("Information Regarding Non-GAAP Financial Measures") to the company's report on Form 8-K, which is being submitted today to the SEC.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements relating to RealNetworks' current expectations regarding future revenue and adjusted EBITDA, our future growth, profitability, strategic focus and initiatives. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These statements reflect RealNetworks' expectations as of today, and actual results may differ materially from the results predicted. Factors that could cause actual results to differ from the results predicted include: risks associated with the implementation of RealNetworks' growth plan, strategic initiatives, and restructuring efforts; its ability to successfully introduce and monetize new products and services; competitive risks, including the growth of competing technologies, products and services, and the emergence of new entrants and competition in the market; the potential outcomes and effects of claims and legal proceedings on RealNetworks' business, prospects, financial condition or results of operations; risks associated with key customer or strategic relationships, business acquisitions and the introduction of new products and services; changes in consumer and advertising spending in response to disruptions in the global financial markets; fluctuations in foreign currencies; and changes in RealNetworks' effective tax rate. More information about potential risk factors that could affect RealNetworks' business and financial results is included in RealNetworks' annual report on Form 10-K for the most recent year ended December 31, its quarterly reports on Form 10-Q and in other reports and documents filed by RealNetworks from time to time with the Securities and Exchange Commission. The preparation of RealNetworks' financial statements and forward-looking financial guidance requires the company to make estimates and assumptions that affect the reported amount of assets and liabilities, and revenues and expenses during the reported period. Actual results may differ materially from these estimates under different assumptions or conditions. The company assumes no obligation to update any forward-looking statements or information, which are in effect as of their respective dates.

RealNetworks, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)























Quarters Ended
June 30,


Six Months Ended
June 30,








2014


2013


2014


2013




(in thousands, except per share data)











Net revenue



$

40,825



$

49,850



$

86,549



$

106,643












Cost of revenue



20,786



19,519



39,572



40,025












Extinguishment of liability







(10,580)














      Gross profit



20,039



30,331



57,557



66,618












Operating expenses:










   Research and development



13,267



14,993



27,326



30,244


   Sales and marketing



16,016



19,269



37,739



40,403


   General and administrative



8,577



8,691



17,894



18,637


   Restructuring and other charges



541



816



1,757



2,198


   Lease exit and related charges



470



3,066



549



3,066


      Total operating expenses



38,871



46,835



85,265



94,548












Operating income (loss)



(18,832)



(16,504)



(27,708)



(27,930)












Other income (expenses):










   Interest income, net



180



179



316



826


   Gain (loss) on sale of available for sale securities, net







2,371




   Equity in net loss of Rhapsody investment



(1,802)



(1,347)



(2,640)



(3,580)


   Other income (expense), net



(95)



(137)



(172)



(28)












      Total other income (expense), net



(1,717)



(1,305)



(125)



(2,782)












Income (loss) before income taxes



(20,549)



(17,809)



(27,833)



(30,712)


Income tax expense (benefit)



480



662



966



(567)












Net income (loss)



$

(21,029)



$

(18,471)



$

(28,799)



$

(30,145)












Basic net income (loss) per share



$

(0.59)



$

(0.52)



$

(0.80)



$

(0.85)


Diluted net income (loss) per share



$

(0.59)



$

(0.52)



$

(0.80)



$

(0.85)












Shares used to compute basic net income (loss) per share



35,890



35,455



35,865



35,399


Shares used to compute diluted net income (loss) per share



35,890



35,455



35,865



35,399






















 

 

RealNetworks, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)










June 30,
2014


December 31,
2013


(in thousands)

ASSETS

Current assets:




Cash and cash equivalents

$

124,450



$

151,235


Short-term investments

70,583



74,920


Trade accounts receivable, net

21,580



24,613


Deferred costs, current portion

992



1,601


Deferred tax assets, current

311



306


Prepaid expenses and other current assets

9,910



9,124


   Total current assets

227,826



261,799






Equipment, software, and leasehold improvements, at cost:




Equipment and software

86,755



86,721


Leasehold improvements

3,915



3,482


  Total equipment, software, and leasehold improvements

90,670



90,203


Less accumulated depreciation and amortization

70,212



67,031


  Net equipment, software, and leasehold improvements

20,458



23,172






Restricted cash equivalents and investments

3,000



3,000


Equity method investment

10,000



12,473


Available for sale securities

3,182



7,181


Other assets

3,073



2,332


Deferred costs, non-current portion

1,062



946


Deferred tax assets, net, non-current portion

1,405



1,409


Other intangible assets, net

11,928



12,993


Goodwill

18,005



17,476






  Total assets

$

299,939



$

342,781






LIABILITIES AND SHAREHOLDERS' EQUITY





Current liabilities:




Accounts payable

$

20,363



$

19,987


Accrued and other current liabilities

26,874



41,893


Deferred tax liabilities, net, current portion

911



899


Deferred revenue, current portion

7,835



7,498


  Total current liabilities

55,983



70,277






Deferred revenue, non-current portion

145



166


Deferred rent

1,269



1,318


Deferred tax liabilities, net, non-current portion

1,725



1,556


Other long-term liabilities

607



483






  Total liabilities

59,729



73,800










Shareholders' equity

240,210



268,981






Total liabilities and shareholders' equity

$

299,939



$

342,781


 

 

RealNetworks, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)




Six Months Ended
June 30,


2014


2013


(in thousands)


Cash flows from operating activities:




Net income (loss)

$

(28,799)



$

(30,145)


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

Depreciation and amortization

6,145



9,874


Stock-based compensation

3,010



4,058


Equity in net loss of Rhapsody

2,640



3,580


Deferred income taxes, net

10



(1,668)


Gain on sale of available for sale securities

(2,371)




Realized translation gain

(48)



(35)


Extinguishment of liability

(10,580)




Other



51


Net change in certain operating assets and liabilities

(785)



1,400


Net cash provided by (used in) operating activities

(30,778)



(12,885)


Cash flows from investing activities:




Purchases of equipment, software, and leasehold improvements

(1,689)



(3,181)


Proceeds from sale of available for sale securities

2,754




Purchases of short-term investments

(48,326)



(70,647)


Proceeds from sales and maturities of short-term investments

52,663



71,327


Acquisitions of businesses, net of cash acquired

(733)



(16,107)


Other

(467)




  Net cash provided by (used in) investing activities

4,202



(18,608)


Cash flows from financing activities:




Proceeds from issuance of common stock (stock options and stock purchase plan)

580



392


Tax payments from shares withheld upon vesting of restricted stock

(307)



(800)


Payment of contingent consideration

(696)



(828)


  Net cash provided by (used in) financing activities

(423)



(1,236)


Effect of exchange rate changes on cash and cash equivalents

214



(1,259)


  Net increase (decrease) in cash and cash equivalents

(26,785)



(33,988)


Cash and cash equivalents, beginning of period

151,235



163,198


Cash and cash equivalents, end of period

$

124,450



$

129,210


 

 

RealNetworks, Inc. and Subsidiaries

Supplemental Financial Information

(Unaudited)




























2014


2013


Q2


Q1


Q4


Q3


Q2


Q1


(in thousands)

Net Revenue by Line of Business












RealPlayer Group (A)

$

8,556



$

15,215



$

16,799



$

17,641



$

18,383



$

22,383


Mobile Entertainment (B)

23,182



19,913



22,146



19,948



18,592



20,495


Games (C)

9,087



10,596



11,650



11,369



12,875



13,915


      Total net revenue

$

40,825



$

45,724



$

50,595



$

48,958



$

49,850



$

56,793














Net Revenue by Product












RealPlayer Group












- License (D)

$

3,273



$

5,018



$

7,128



$

7,281



$

6,766



$

8,332


- Subscriptions (E)

2,569



2,777



3,118



3,615



4,193



4,924


- Media Properties (F)

2,714



7,420



6,553



6,745



7,424



9,127














Mobile Entertainment












- SaaS (G)

20,175



18,463



20,406



18,156



17,002



18,674


- Technology License & Other (H)

3,007



1,450



1,740



1,792



1,590



1,821














Games












- License (I)

3,399



3,849



3,511



3,421



4,089



5,249


- Subscriptions (J)

4,440



5,241



5,688



5,733



5,980



6,312


- Media Properties (K)

1,248



1,506



2,451



2,215



2,806



2,354














      Total net revenue

$

40,825



$

45,724



$

50,595



$

48,958



$

49,850



$

56,793














Net Revenue by Geography












United States

$

15,092



$

20,428



$

19,724



$

21,039



$

21,463



$

28,024


Rest of world

25,733



25,296



30,871



27,919



28,387



28,769


      Total net revenue

$

40,825



$

45,724



$

50,595



$

48,958



$

49,850



$

56,793














Net Revenue by Line of Business

(A) The RealPlayer Group primarily includes revenue from RealPlayer and related products, such as the distribution of third-party software products, advertising on RealPlayer websites, and sales of RealPlayer Plus software licenses to consumers, sales of intellectual property licenses, and consumer subscriptions such as SuperPass and our recently launched RealPlayer Cloud service.

(B) The Mobile Entertainment division primarily includes revenue from SaaS services, system integration, and professional services to mobile carriers, and sales of technology licenses of our software products such as Helix.

(C) The Games division primarily includes revenue from sales of games licenses, online games subscription services, advertising on games sites and social network sites, microtransactions from online and social games, and sales of mobile games.

Net Revenue by Product

(D) Licensing revenue within the RealPlayer Group includes sales of RealPlayer Plus software licenses to consumers and sales of intellectual property licenses.

(E) Subscriptions revenue within the RealPlayer Group includes revenue from subscriptions such as SuperPass and our recently launched RealPlayer Cloud service.

(F) Media Properties revenue within the RealPlayer Group includes distribution of third-party software products and advertising on RealPlayer websites.

(G) SaaS revenue within Mobile Entertainment includes revenue from music on demand, ringback tones, intercarrier messaging services provided to network services providers who are largely mobile phone networks, and our recently launched LISTEN product.

(H) Licensing and other revenue within Mobile Entertainment includes revenue from Helix-related products and professional services provided to mobile carriers.

(I) Licensing revenue within Games includes retail games-related revenue, microtransactions from online and social games and sales of mobile games.

(J) Subscriptions revenue within Games includes revenue from online games subscriptions.

(K) Media Properties revenue within Games includes distribution of third-party software products and advertising on games sites and social network sites.

 

 

RealNetworks, Inc. and Subsidiaries

Segment Results of Operations

(Unaudited)





2014


2013


2014


2013



Q2


Q1


Q2


YTD


YTD


(in thousands)

RealPlayer Group






















Net revenue


$

8,556



$

15,215



$

18,383



$

23,771



$

40,766


Cost of revenue


3,620



3,518



4,409



7,138



9,720


Gross profit


4,936



11,697



13,974



16,633



31,046













   Gross margin


58%



77%



76%



70%



76%













Operating expenses


12,489



17,787



14,001



30,276



30,207


Operating income (loss)


$

(7,553)



$

(6,090)



$

(27)



$

(13,643)



$

839













Adjusted EBITDA


$

(6,893)



$

(5,491)



$

470



$

(12,384)



$

1,801













Mobile Entertainment






















Net revenue


$

23,182



$

19,913



$

18,592



$

43,095



$

39,087


Cost of revenue


14,298



11,950



11,170



26,248



22,002


Gross profit


8,884



7,963



7,422



16,847



17,085













   Gross margin


38%



40%



40%



39%



44%













Operating expenses


9,424



9,616



8,412



19,040



17,523


Operating income (loss)


$

(540)



$

(1,653)



$

(990)



$

(2,193)



$

(438)













Adjusted EBITDA


$

808



$

(339)



$

694



$

469



$

4,076













Games






















Net revenue


$

9,087



$

10,596



$

12,875



$

19,683



$

26,790


Cost of revenue


2,717



3,129



3,381



5,846



7,181


Gross profit


6,370



7,467



9,494



13,837



19,609













   Gross margin


70%



70%



74%



70%



73%













Operating expenses


8,769



9,766



11,755



18,535



23,607


Operating income (loss)


$

(2,399)



$

(2,299)



$

(2,261)



$

(4,698)



$

(3,998)













Adjusted EBITDA


$

(1,798)



$

(1,674)



$

(1,315)



$

(3,472)



$

(2,469)













Corporate






















Net revenue


$



$



$



$



$


Cost of revenue


151



189



559



340



1,122


Extinguishment of liability




(10,580)





(10,580)




Gross profit


(151)



10,391



(559)



10,240



(1,122)













   Gross margin


N/A



N/A



N/A



N/A



N/A













Operating expenses


8,189



9,225



12,667



17,414



23,211


Operating income (loss)


$

(8,340)



$

1,166



$

(13,226)



$

(7,174)



$

(24,333)













Adjusted EBITDA


$

(5,198)



$

(6,414)



$

(5,602)



$

(11,612)



$

(12,170)













Total






















Net revenue


$

40,825



$

45,724



$

49,850



$

86,549



$

106,643


Cost of revenue


20,786



18,786



19,519



39,572



40,025


Extinguishment of liability




(10,580)





(10,580)




Gross profit


20,039



37,518



30,331



57,557



66,618













   Gross margin


49%



82%



61%



67%



62%













Operating expenses


38,871



46,394



46,835



85,265



94,548


Operating income (loss)


$

(18,832)



$

(8,876)



$

(16,504)



$

(27,708)



$

(27,930)













Adjusted EBITDA


$

(13,081)



$

(13,918)



$

(5,753)



$

(26,999)



$

(8,762)




RealNetworks, Inc. and Subsidiaries

Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment

(Unaudited)
























2014


2013


2014


2013



Q2


Q1


Q2


YTD


YTD



(in thousands)

RealPlayer Group






















Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment:


















Operating income (loss)


$

(7,553)



$

(6,090)



$

(27)



$

(13,643)



$

839


Acquisitions related intangible asset amortization


125



60



62



185



129


Depreciation and amortization


535



539



435



1,074



833


   Adjusted EBITDA


$

(6,893)



$

(5,491)



$

470



$

(12,384)



$

1,801













Mobile Entertainment






















Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment:


















Operating income (loss)


$

(540)



$

(1,653)



$

(990)



$

(2,193)



$

(438)


Acquisitions related intangible asset amortization


628



607



638



1,235



1,451


Depreciation and amortization


720



707



1,046



1,427



3,063


   Adjusted EBITDA


$

808



$

(339)



$

694



$

469



$

4,076













Games






















Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment:


















Operating income (loss)


$

(2,399)



$

(2,299)



$

(2,261)



$

(4,698)



$

(3,998)


Acquisitions related intangible asset amortization


314



314



230



628



251


Depreciation and amortization


287



311



716



598



1,278


   Adjusted EBITDA


$

(1,798)



$

(1,674)



$

(1,315)



$

(3,472)



$

(2,469)













Corporate






















Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment:


















Operating income (loss)


$

(8,340)



$

1,166



$

(13,226)



$

(7,174)



$

(24,333)


Other income (expense), net


(95)



(77)



(137)



(172)



(28)


Depreciation and amortization


553



445



1,859



998



2,869


Lease exit and related charges


470



79



3,066



549



3,066


Restructuring and other charges


541



1,216



816



1,757



2,198


Stock-based compensation


1,673



1,337



2,020



3,010



4,058


Extinguishment of liability




(10,580)





(10,580)




   Adjusted EBITDA


$

(5,198)



$

(6,414)



$

(5,602)



$

(11,612)



$

(12,170)













Total






















Reconciliation of GAAP operating income (loss) to adjusted EBITDA:


















Operating income (loss)


$

(18,832)



$

(8,876)



$

(16,504)



$

(27,708)



$

(27,930)


Other income (expense), net


(95)



(77)



(137)



(172)



(28)


Acquisitions related intangible asset amortization


1,067



981



930



2,048



1,831


Depreciation and amortization


2,095



2,002



4,056



4,097



8,043


Lease exit and related charges


470



79



3,066



549



3,066


Restructuring and other charges


541



1,216



816



1,757



2,198


Stock-based compensation


1,673



1,337



2,020



3,010



4,058


Extinguishment of liability




(10,580)





(10,580)




   Adjusted EBITDA


$

(13,081)



$

(13,918)



$

(5,753)



$

(26,999)



$

(8,762)


 

 

SOURCE RealNetworks, Inc.

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The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment.
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microservices, and more.
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold 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. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
SYS-CON Events announced today that Solgenia will exhibit at 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, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional Social, Mobile and Cloud user experiences, our solutions help large and medium-sized organizations dr...
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, 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. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the M2M space. This really allows some room for influential individuals to create more high value inter...
The list of ‘new paradigm’ technologies that now surrounds us appears to be at an all time high. From cloud computing and Big Data analytics to Bring Your Own Device (BYOD) and the Internet of Things (IoT), today we have to deal with what the industry likes to call ‘paradigm shifts’ at every level of IT. This is disruption; of course, we understand that – change is almost always disruptive.
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...