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Revenue for the third quarter of 2012 was $30.8 million, representing a
54% increase compared to the same period in 2011. Revenue for the first
nine months of 2012 was $81.5 million, an increase of 53% compared to
gross revenue for the same period in 2011.2
Gross profit for the third quarter of 2012 was $21.6 million,
representing a 48% year-over-year increase compared to the same period
in 2011. Gross profit for the first nine months of 2012 was $57.6
million, an increase of 51% compared to the same period in 2011, based
on gross revenue.2
Bookings, which Cornerstone defines as gross revenue plus the change in
deferred revenue for the period, were $42.7 million for the third
quarter of 2012, representing a 78% increase compared to the same period
in 2011.1 Bookings for the first nine months of 2012 were
$98.2 million, representing a 66% increase compared to the same period
in 2011.1 Deferred revenue at September 30, 2012 was $72.6
million, which was 82% higher than the balance at September 30, 2011,
and 20% higher than the balance at June 30, 2012.
Cornerstone ended the quarter with over 1,100 clients and approximately
10.3 million users, representing 57% and 44% year-over-year growth of
Cornerstone’s client base and users, respectively.3
"The third quarter was another exceptional quarter for Cornerstone
OnDemand, and a continuation of what has been an outstanding year of
growth for the company," said Adam Miller, Cornerstone's President and
CEO. "We believe our bookings performance demonstrates that the recent
wave of consolidation in talent management has improved our competitive
positioning. With our commitment to the ongoing innovation and expansion
of our product suite, we believe we will continue to strengthen our
position as a leading talent management partner to organizations of all
sizes."
Cornerstone’s net loss for the third quarter of 2012 was $7.6 million,
or a $0.15 net loss per share.
Due to purchase accounting rules applicable to the acquisition we
completed during the second quarter of 2012, Cornerstone 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 $0.4
million for the quarter ended September 30, 2012 and $1.1 million for
the first nine months of 2012. Non-GAAP revenue for the quarter ended
September 30, 2012, which excludes the $0.4 million reduction, was $31.2
million, representing a 56% increase compared to the same period in 2011.1
Non-GAAP revenue from the acquisition date through September 30,
2012, excluding the $1.1 million reduction, was $82.6 million,
representing a 56% increase compared to the same period in 2011.1
Non-GAAP net loss for the third quarter of 2012 was $3.6 million, or a
$0.07 net loss per share, and non-GAAP net loss for the first nine
months of 2012 was $13.1 million, or $0.26 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
At September 30, 2012, Cornerstone’s total cash and cash equivalents
were $64.5 million and accounts receivable were $45.2 million, yielding
a total of $109.7 million.
1
Non-GAAP revenue, bookings, non-GAAP net cash used in 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.
2
Gross revenue in the first nine months of 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 nine
months of 2011 was impacted by this non-cash reduction of revenue.
3
Includes contracted clients and active users of any combination of
our four integrated cloud-based solutions, consisting of recruiting,
learning, performance, and extended enterprise as of the end of the
period. Our client and user counts exclude our Cornerstone Small
Business Solution, or “CSB”.
Quarterly Conference Call
Cornerstone OnDemand will host a conference call to discuss its third
quarter 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: 65175817. 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 November 16, 2012 by dialing
(855) 859-2056 (U.S.) or (404) 537-3406 (outside the U.S.), and
referencing passcode: 65175817.
About Cornerstone OnDemand
Cornerstone OnDemand 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 approximately 10.3 million users across 186 countries
and in 38 languages. www.csod.com
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 is included in Cornerstone
OnDemand’s reports filed with the SEC, including its Form 10-K filed
with the SEC on March 6, 2012, and subsequent reports filed with the
SEC, including its Form 10-Q filed on August 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 used in 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)
(unaudited)
September 30, 2012
December 31, 2011
Assets
Cash and cash equivalents
$
64,492
$
85,409
Accounts receivable, net
45,157
34,110
Deferred commissions
4,223
3,537
Prepaid expenses and other current assets, net
7,132
3,789
Total current assets
121,004
126,845
Capitalized software development, net
6,259
4,106
Property and equipment, net
6,171
3,663
Intangible assets, net
7,443
609
Goodwill
8,193
-
Other assets, net
207
139
Total Assets
$
149,277
$
135,362
Liabilities and Stockholders' Equity
Liabilities
Accounts payable
$
6,465
$
3,834
Accrued expenses
9,771
8,039
Deferred revenue, current portion
69,001
52,338
Capital lease obligations, current portion
1,438
1,617
Debt, current portion
630
265
Other liabilities
3,016
996
Total current liabilities
90,321
67,089
Other liabilities, non-current
3,776
806
Deferred revenue, net of current portion
3,621
3,542
Capital lease obligations, net of current portion
1,279
1,056
Long-term debt, net of current portion
1,025
409
Total liabilities
100,022
72,902
Stockholders' Equity
Common stock
5
5
Additional paid-in capital
237,953
226,916
Accumulated deficit
(188,624
)
(164,651
)
Accumulated other comprehensive (loss) income
(79
)
190
Total stockholders’ equity
49,255
62,460
Total Liabilities and Stockholders' Equity
$
149,277
$
135,362
Cornerstone OnDemand, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
2012
2011
2012
2011
Gross revenue
$
30,768
$
20,019
$
81,488
$
53,136
Common stock warrant charge1
-
-
-
(2,500
)
Net revenue
30,768
20,019
81,488
50,636
Cost of revenue2, 3
9,135
5,371
23,869
14,903
Gross profit
21,633
14,648
57,619
35,733
Operating expenses:
Sales and marketing2
18,624
11,531
52,283
32,244
Research and development2
4,101
2,670
10,625
7,608
General and administrative2
6,600
3,439
18,346
10,577
Amortization of certain acquired intangible assets
251
-
488
-
Total operating expenses
29,576
17,640
81,742
50,429
Loss from operations
(7,943
)
(2,992
)
(24,123
)
(14,696
)
Other income (expense):
Interest expense
(121
)
(35
)
(358
)
(782
)
Change in fair value of preferred stock warrant liabilities
-
-
-
(42,559
)
Withdrawn secondary offering expense
-
(555
)
-
(555
)
Other, net
139
(643
)
(42
)
(220
)
Other income (expense), net
18
(1,233
)
(400
)
(44,116
)
Loss before income tax benefit (provision) for income taxes
(7,925
)
(4,225
)
(24,523
)
(58,812
)
Income tax benefit (provision)
298
(52
)
550
(132
)
Net loss
(7,627
)
(4,277
)
(23,973
)
(58,944
)
Accretion of redeemable preferred stock
-
-
-
(5,208
)
Net loss attributable to common stockholders
$
(7,627
)
$
(4,277
)
$
(23,973
)
$
(64,152
)
Net loss per share attributable to common stockholders, basic and
diluted
$
(0.15
)
$
(0.09
)
$
(0.48
)
$
(1.74
)
Weighted-average common shares outstanding, basic and diluted
50,163
48,018
49,755
36,868
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
September 30,
Nine Months Ended
September 30,
2012
2011
2012
2011
Cost of revenue
$
302
$
75
$
1,313
$
176
Sales and marketing
1,124
355
2,301
825
Research and development
273
133
628
613
General and administrative
1,651
457
4,158
1,345
Total
$
3,350
$
1,020
$
8,400
$
2,959
3
Cost of revenue includes amortization of intangible assets as
follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2012
2011
2012
2011
Cost of revenue
$
305
$
32
$
659
$
96
Cornerstone OnDemand, Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2012
2011
2012
2011
Cash flows from operating activities:
Net loss
$
(7,627
)
$
(4,277
)
$
(23,973
)
$
(58,944
)
Adjustments to reconcile net loss to net cash (used in) provided by
operating activities:
Depreciation and amortization
1,962
986
4,939
2,695
Non-cash interest expense
28
72
106
518
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
(212
)
482
(37
)
258
Stock-based compensation expense
3,316
1,020
8,297
2,959
Deferred income taxes
(291
)
-
(652
)
-
Withdrawn secondary offering expense
-
555
-
555
Non-cash charitable contribution of common stock
-
-
-
193
Changes in operating assets and liabilities, net of effects from
acquisition:
Accounts receivable
(12,090
)
(3,163
)
(10,058
)
(2,197
)
Deferred commissions
(353
)
(283
)
(572
)
(546
)
Prepaid expenses and other assets
(2,822
)
(1
)
(3,408
)
(1,532
)
Accounts payable
1,044
551
1,656
349
Accrued expenses
1,533
717
1,124
1,779
Deferred revenue
11,450
3,999
15,743
6,085
Other liabilities
2,629
(102
)
3,042
(271
)
Net cash (used in) provided by operating activities
(1,433
)
556
(3,793
)
(3,040
)
Cash flows from investing activities:
Purchases of property and equipment
(159
)
(79
)
(347
)
(848
)
Capitalized software costs
(1,200
)
(855
)
(3,662
)
(2,217
)
Purchase of available-for-sale securities
-
-
-
(34,079
)
Proceeds from maturities of available-for-sale securities
-
17,000
-
17,000
Cash paid for acquisition, net of cash acquired
-
-
(12,428
)
-
Net cash (used in) provided by investing activities
(1,359
)
16,066
(16,437
)
(20,144
)
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 for issuance of debt
-
-
-
669
Payments of initial public offering costs
-
-
-
(3,436
)
Payments of withdrawn secondary offering costs
-
(555
)
-
(555
)
Repayment of debt
(254
)
(56
)
(1,250
)
(9,151
)
Principal payments under capital lease obligations
(467
)
(387
)
(1,396
)
(1,159
)
Payments of withholding tax on net exercise of stock-based awards
-
-
-
(48
)
Proceeds from stock option and warrant exercises
942
238
1,983
615
Net cash provided by (used in) financing activities
221
(760
)
(663
)
80,637
Effect of exchange rate changes on cash and cash equivalents
95
(145
)
(24
)
(145
)
Net (decrease) increase in cash and cash equivalents
(2,476
)
15,717
(20,917
)
57,308
Cash and cash equivalents at beginning of period
66,968
48,658
85,409
7,067
Cash and cash equivalents at end of period
$
64,492
$
64,375
$
64,492
$
64,375
Cornerstone OnDemand, Inc.
RECONCILIATION OF REVENUE TO NON-GAAP REVENUE AND GROSS MARGIN TO
NON-GAAP GROSS MARGIN
(dollars in thousands)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2012
2011
2012
2011
Gross revenue
$
30,768
$
20,019
$
81,488
$
53,136
Common stock warrant charge1
-
-
-
(2,500
)
Net revenue
30,768
20,019
81,488
50,636
Cost of revenue
9,135
5,371
23,869
14,903
Gross profit
$
21,633
$
14,648
$
57,619
$
35,733
Gross margin
70
%
73
%
71
%
71
%
Reconciliation between gross margin and non-GAAP gross margin
Net revenue
$
30,768
$
20,019
$
81,488
$
50,636
Adjustments to net revenue
Common stock warrant charge1
-
-
-
2,500
Adjustments to revenue2
428
-
1,147
-
Total adjustments to net revenue
428
-
1,147
2,500
Non-GAAP revenue
$
31,196
$
20,019
$
82,635
$
53,136
Cost of revenue
$
9,135
$
5,371
$
23,869
$
14,903
Adjustments to costs of revenue
Amortization of intangible assets
(305
)
(32
)
(659
)
(96
)
Stock based compensation and employer-related taxes
(302
)
(75
)
(1,313
)
(176
)
Total adjustments to cost of revenue
(607
)
(107
)
(1,972
)
(272
)
Adjusted costs of revenue
8,528
5,264
21,897
14,631
Non-GAAP gross profit
$
22,668
$
14,755
$
60,738
$
38,505
Non-GAAP gross margin
73
%
74
%
74
%
72
%
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, $0.4 million and
$1.1 million of revenue was not recognized during the three and nine
months ended September 30, 2012, respectively. Therefore, revenue is
adjusted by an increase of $0.4 million and $1.1 million to arrive
at non-GAAP revenue for the three and nine months ended September
30, 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
September 30,
Nine Months Ended
September 30,
2012
2011
2012
2011
Net loss
$
(7,627
)
$
(4,277
)
$
(23,973
)
$
(58,944
)
Adjustments to net loss
Common stock warrant charge
-
-
-
2,500
Stock-based compensation and employer-related payroll taxes
3,350
1,020
8,400
2,959
Acquisition related:
Adjustments to revenue1
428
-
1,147
-
Amortization of intangible assets
489
-
954
-
Acquisition costs
-
-
747
-
Adjustments to benefit (provision) for income taxes2
(302
)
-
(662
)
-
Change in fair value of preferred stock warrant liabilities
-
-
-
42,559
Withdrawn secondary offering expense
-
555
-
555
Other amortization costs and other expenses
93
70
294
678
Total adjustments to net loss
4,058
1,645
10,880
49,251
Non-GAAP net loss
$
(3,569
)
$
(2,632
)
$
(13,093
)
$
(9,693
)
Weighted-average common shares outstanding, basic and diluted
50,163
48,018
49,755
36,868
Non-GAAP net loss per share
$
(0.07
)
$
(0.05
)
$
(0.26
)
$
(0.26
)
1
As of September 30, 2012, approximately $0.4 million and $1.1
million in estimated revenues were not recognized during the three
and nine months ended September 30, 2012, respectively, due to
purchase accounting rules.
2
Income tax effects related to acquisition related adjustments.
Cornerstone OnDemand, Inc.
CALCULATION OF BOOKINGS (DEFINED AS GROSS REVENUE PLUS CHANGE IN
DEFERRED REVENUE)
(dollars in thousands)
(unaudited)
Deferred Revenue Balance
Three Months Ended September 30, 2012
Gross revenue
$
30,768
Deferred revenue at June 30, 2012
$
60,653
Deferred revenue at September 30, 2012
72,622
Change in deferred revenue
11,969
11,969
Bookings
$
42,737
Deferred Revenue Balance
Three Months Ended September 30, 2011
Gross revenue
$
20,019
Deferred revenue at June 30, 2011
$
35,904
Deferred revenue at September 30, 2011
39,875
Change in deferred revenue
3,971
3,971
Bookings
$
23,990
Percentage period-over-period increase in bookings for the
three months ended September 30, 2012
78
%
Deferred Revenue Balance
Nine Months Ended September 30, 2012
Gross revenue
$
81,488
Deferred revenue at December 31, 2011
$
55,880
Deferred revenue at September 30, 2012
72,622
Change in deferred revenue
16,742
16,742
Bookings
$
98,230
Deferred Revenue Balance
Nine Months Ended September 30, 2011
Gross revenue
$
53,136
Deferred revenue at December 31, 2010
$
33,818
Deferred revenue at September 30, 2011
39,875
Change in deferred revenue
6,057
6,057
Bookings
$
59,193
Percentage period-over-period increase in bookings for the nine
months ended September 30, 2012
66
%
Cornerstone OnDemand, Inc.
RECONCILIATION OF NET CASH USED IN OPERATING ACTIVITIES TO
NON-GAAP NET CASH USED IN OPERATING ACTIVITIES
(in thousands)
(unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
2012
2011
2012
2011
Net cash (used in) provided by operating activities
$
(1,433
)
$
556
$
(3,793
)
$
(3,040
)
Payment of acquisition related costs
555
-
747
-
Payment of employer related taxes from stock-based compensation
34
-
103
-
Non-GAAP net cash (used in) provided by operating activities
$
(844
)
$
556
$
(2,943
)
$
(3,040
)
Net cash (used in) provided by investing activities1
$
(1,359
)
$
16,066
$
(16,437
)
$
(20,144
)
Net cash provided by (used in) financing activities
$
221
$
(760
)
$
(663
)
$
80,637
1
Includes purchases of property and equipment and capitalized
software development costs.
Many have heard of OAuth but are unsure of how it might apply to their business.
In his session at the 12th International Cloud Expo, Alistair Farquharson, CTO of SOA Software, will describe how OAuth can be used to facilitate certain business models and simplify the sharing of...
“Cloud has everything to do with what has happened with Big Data,” explained Jason Deck, Director of Strategic Alliances at Logicworks, in this exclusive Q&A with Cloud Expo Conference Chair Jeremy Geelan. “Big Data doesn’t exist in its easily accessible way without cloud. From r...
SYS-CON Events announced today that nfina Technologies, a provider of highly reliable cloud server products, 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.
nfina Technologies de...
It turns out cloud computing could be the most useful sales associate on the floor, and you won't have to worry about it stealing sales leads, ala “Glengarry Glen Ross.”
With the help of cloud computing, some brick-and-mortar stores are combating showrooming, a trend where consu...
Cloud computing must have been brushing up on its bedside manner.
HIPAA requirements now stipulate everyone in the health-care industry must begin migrating patient records and other data to cloud computing. By 2015, all medical professionals with access to patient records must ...
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Many have heard of OAuth but are unsure of how it might apply to their business.
In his session at the 12th International Cloud Expo, Alistair Farquharson, CTO of SOA Software, will describe how OAuth can be used to facilitate certain business models and simplify the sharing of...
“Cloud has everything to do with what has happened with Big Data,” explained Jason Deck, Director of Strategic Alliances at Logicworks, in this exclusive Q&A with Cloud Expo Conference Chair Jeremy Geelan. “Big Data doesn’t exist in its easily accessible way without cloud. From r...
SYS-CON Events announced today that nfina Technologies, a provider of highly reliable cloud server products, 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.
nfina Technologies de...
It turns out cloud computing could be the most useful sales associate on the floor, and you won't have to worry about it stealing sales leads, ala “Glengarry Glen Ross.”
With the help of cloud computing, some brick-and-mortar stores are combating showrooming, a trend where consu...
Cloud computing must have been brushing up on its bedside manner.
HIPAA requirements now stipulate everyone in the health-care industry must begin migrating patient records and other data to cloud computing. By 2015, all medical professionals with access to patient records must ...
