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|By PR Newswire
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|February 13, 2013 04:31 AM EST
OR YEHUDA, Israel, February 13, 2013 /PRNewswire/ --
Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of mobile and cloud-enabled application and business integration platforms, announced today its financial results for the fourth quarter and full year ended December 31, 2012.
Financial Highlights for the Fourth Quarter, 2012
- Revenues for the fourth quarter increased 17% year over year to $35.7 million from $30.5 million.
- Non-GAAP operating income increased 13% to $5.1 million, compared to $4.5 million in the same period last year; Operating income for the fourth quarter increased 2% to $4.3 million, compared to $4.2 million in the same period last year.
- Non-GAAP net income increased 9% to $5.1 million, compared to $4.7 million in the same period last year; Net income for the fourth quarter decreased 3% to $4.3 million compared to $4.4 million in the same period last year. The decrease was mainly attributable to tax expenses recorded with respect to the utilization of deferred tax assets.
Financial Highlights for the Full Year Ended December 31, 2012
- Revenues for the year ended December 31, 2012, reached $126.4 million, an increase of 12%, compared to $113.3 million in 2011.
- Non-GAAP operating income for the year increased 29% to $18.6 million, compared to $14.5 million in the same period last year; Operating income for the year ended December 31, 2012, increased 11% to $16.4 million compared to $14.7 million in the same period last year.
- Non-GAAP net income for the year increased 24% to $18.3 million, compared to $14.8 million in the same period last year; Net income for the year ended December 31, 2012, increased 8% to $16.2 million compared to $15.0 million in the same period last year.
- Total cash, cash equivalents and short-term investments as of December 31, 2012, amounted to $38.8 million, with zero debt (after a cash dividend of $3.7 million paid during the fourth quarter).
- Operating cash flow for the year ended December 31, 2012 totaled $18 million.
- For the fourth quarter ended December 31, 2012, total revenues were $35.7 million, with net income of $4.3 million, or $0.12 per fully diluted share. This compares with revenues of $30.5 million and net income of $4.4 million, or $0.12 per fully diluted share for the same period last year.
- For the fourth quarter of 2012, operating income was $4.3 million. This compares to operating income of $4.2 million for the same period a year ago.
- For the year ended December 31, 2012, total revenues were $126.4 million, with net income of $16.2 million, or $0.44 per fully diluted share. This compares with revenues of $113.3 million and net income of $15.0 million, or $0.41 per fully diluted share, for the same period last year.
- Operating income for the year ended December 31, 2012, was $16.4 million. This compares to operating income of $14.7 million for the same period a year ago.
Comments of Management
Guy Bernstein, Chief Executive Officer of Magic Software Enterprises, said, "2012 was an excellent year for Magic, with strong performance across our products and professional services in all regions.
"We are proud to be continuing to produce record-breaking financial results for our shareholders and that our strong cash position has enabled us to continue to make important growth investments in our product portfolio.
"We believe we are well-positioned to continue our growth track in 2013 with our powerful and versatile enterprise-grade application development and integration solutions that enable enterprise mobility, enhance productivity and increase profitability. We are further enhancing our offerings by strengthening our relationships with partners and vendors in the enterprise mobility and enterprise software ecosystems, like Samsung, SAP, Salesforce.com, Oracle JDE, IBM and Microsoft SharePoint," added Bernstein.
Non-GAAP Financial Measures
This release includes non-GAAP operating income, net income, basic and diluted earnings per share and other non-GAAP financial measures. These non-GAAP measures exclude the following items:
- Amortization of purchased intangible assets
- In-process research and development capitalization and amortization
- Equity-based compensation expense
- And the related tax effects of the above items
Magic Software's management believes that the presentation of non-GAAP measures provides useful information to investors and management regarding financial and business trends relating to the Company's financial condition and results of operations as well as the net amount of cash generated by its business operations after taking into account capital spending required to maintain or expand the business.
These non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles. Magic Software believes that non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Magic Software's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Magic Software's results of operations in conjunction with the corresponding GAAP measures.
Refer to the Reconciliation of Selected Financial Metrics from GAAP to Non-GAAP tables below.
About Magic Software Enterprises
Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) is a global provider of mobile and cloud-enabled application and business integration platforms.
For more information, visit http://www.magicsoftware.com/en/company/?catID=6.
Press Contact:
Tania Amar, VP Global Marketing
Magic Software Enterprises
Tel: +972(0)3-538-9300
[email protected]
Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Magic is a registered trademark of Magic Software Enterprises Ltd. All other product and company names mentioned herein are for identification purposes only and are the property of, and might be trademarks of, their respective owners.
MAGIC SOFTWARE ENTERPRISES LTD. CONSOLIDATED STATEMENTS OF INCOME U.S. dollars in thousands (except per share data) Three months ended Year ended December 31, December 31, ----------------------- -------------------- 2012 2011 2012 2011 --------- ----------- ------- ---------- Unaudited Unaudited ----------------------- ------- Revenues 35,730 30,483 126,380 113,328 Cost of Revenues 20,792 17,968 73,393 67,258 --------- ----------- ------- ---------- Gross profit 14,938 12,515 52,987 46,070 --------- ----------- ------- ---------- Research and development, net 813 469 2,947 2,047 Selling, marketing and general and administrative expenses 9,867 7,870 33,632 29,306 Total operating costs and expenses 10,680 8,339 36,579 31,353 --------- ----------- ------- ---------- Operating income 4,258 4,176 16,408 14,717 --------- ----------- ------- ---------- Financial income (expenses), net 193 (90) 10 221 Other income, net - 33 136 125 --------- ----------- ------- ---------- Income before taxes on income 4,451 4,119 16,554 15,063 Taxes on income 52 (270) 94 (203) Minority interest (146) (24) (277) (222) --------- ----------- ------- ---------- Net income 4,253 4,365 16,183 15,044 Net earnings per share Basic 0.12 0.12 0.44 0.41 Diluted 0.12 0.12 0.44 0.41 Weighted average number of shares used in computing net earnings per share Basic 36,553 36,348 36,502 36,268 ========= =========== ======= ========== Diluted 37,042 37,010 37,108 37,046 ========= =========== ======= ==========
MAGIC SOFTWARE ENTERPRISES LTD. RECONCILIATION BETWEEN GAAP AND NON-GAAP STATEMENTS OF INCOME FOR COMPARATIVE PURPOSES U.S. dollars in thousands (except per share data) Three months ended Year ended December 31, December 31, ---------------------- -------------------- 2012 2011 2012 2011 ------- -------- ------- -------- Unaudited Unaudited ---------------------- -------------------- GAAP operating income 4,258 4,176 16,408 14,717 Amortization of capitalized software and other intangible assets 2,376 1,506 6,687 4,335 Capitalization of software development (1,625) (1,376) (4,969) (5,222) Stock-based compensation 75 186 515 633 ------- -------- ------- -------- Total adjustments to GAAP 826 316 2,233 (254) ------- -------- ------- -------- Non-GAAP operating income 5,084 4,492 18,641 14,463 ------- -------- ------- -------- GAAP net income 4,253 4,365 16,183 15,044 Amortization of capitalized software and other intangible assets 2,376 1,506 6,687 4,335 Capitalization of software development (1,625) (1,376) (4,969) (5,222) Stock-based compensation 75 186 515 633 Taxes on the above items 17 - (98) - Total adjustments to GAAP 843 316 2,135 (254) ------- -------- ------- -------- Non-GAAP net income 5,096 4,681 18,318 14,790 ======= ======== ======= ======== Non-GAAP basic net earnings per share 0.14 0.13 0.50 0.41 ======= ======== ======= ======== Weighted average number of shares used in computing basic net earnings per share 36,553 36,348 36,502 36,268 ------- -------- ------- -------- Non-GAAP diluted net earnings per share 0.14 0.13 0.49 0.40 ======= ======== ======= ======== Weighted average number of shares used in computing diluted net earnings per share 37,091 37,084 37,198 37,137 ------- -------- ------- --------
MAGIC SOFTWARE ENTERPRISES LTD. CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands December 31, December 31, ------------- ------------ 2012 2011 ------------- ------------ Unaudited ------------- ASSETS CURRENT ASSETS: Cash and cash equivalents 37,582 28,711 Short-term bank deposits 325 2,170 Available-for-sale marketable securities 890 1,241 Trade receivables, net 28,367 24,946 Other accounts receivable and prepaid expenses 6,533 6,401 ------------- ------------ Total current assets 73,697 63,469 ------------- ------------ LONG-TERM RECEIVABLES: Severance pay fund 351 351 Other long-term receivables 2,287 3,824 ------------- ------------ Total other long-term receivables 2,638 4,175 PROPERTY AND EQUIPMENT, NET 1,898 2,029 IDENTIFIABLE INTANGIBLE ASSETS AND GOODWILL, NET 74,005 66,298 ------------- ------------ TOTAL ASSETS 152,238 135,971 ============= ============ LIABILITIES AND EQUITY CURRENT LIABILITIES: Short-term credit and current maturities of long term loans 12 4 Trade payables 4,722 3,545 Accrued expenses and other accounts payable 18,717 15,748 Deferred tax liabilities 2,355 2,509 Deferred revenues 4,160 5,359 ------------- ------------ Total current liabilities 29,966 27,165 ------------- ------------ NON CURRENT LIABILITIES: Long-term loans 12 9 Deferred tax liabilities 738 735 Liability due to acquisition activities - 1,350 Accrued severance pay 1,245 1,087 ------------- ------------ Total non-current liabilities 1,995 3,181 ------------- ------------ EQUITY: Magic Shareholders' equity 117,786 105,156 Non-controlling interests 2,491 469 ------------- ------------ Total equity 120,277 105,625 TOTAL LIABILITIES AND EQUITY 152,238 135,971 ============= ============
SOURCE Magic Software Enterprises Ltd
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subset: commoncrawl


text:
Middle East
William Hague urged to raise gay rights on Middle East trip
Post your comment
Comments on this article are now closed.
Reader comments
He no gay and share room with gay aid. He like gay so no reason not tell Sheiks to not murder Gays. But he diplomat. Diplomat say nothing upset. Diplomat is scumbag.
That's all well and good, Mr. Haig, but what about full equality in our own country? What about full civil marriage equality for starters? Charity begins at home. We need to get our own house in order first. We still bar our own people from marriage in their own country. Straight people don't have to travel overseas to get married, so why should we, all things being equal?
Hague is no champion of human rights, despite the, er, ambiguity over his own sexual orientation. He was leader of the Tories when they chose to oppose the repeal of Section 28 by Labour. Chances of him raising this issue in the Middle East are a big fat zero.
I remember this bald bigot as a wee teen boy sucking up to Thatcher.
He had hair then.
Hague is an indoctrinated idiot. Both in his christian deemed rights and his belief as most politicians have that they have a divine
right to fleece everyone and everything.
Expect nothing from this man.
Gays will still hang, and be shoved off cliffs.
It's their right according to their religion he will argue.
Hague as a gay rights spokeman. LOL.
And so what if he does say something. You think that little dweeb is gonna overturn 1500 years of islamic homophobia.
Indeed it would be pointless for him to do so. Middle eastern governments are more than well informed of our opinions on their outrageous laws, and they haven't even come close to budging. It's going to take a lot more than international pressure, they might as well be from a different planet. Like with Western culture it will take hundreds of years of internal culture shift to even START ending discrimination. I don't doubt it will change, but not in our lifetime, and our foreign secretary repeating our already well-known objections isn't going to make the slightest scratch on the surface of their bigotry.
The fact is, anyone who's in the know is well aware that Hague's a bum-bandit, but his chums in the mainstream media are playing it down. There's also talk of trouble in the marriage. Any religious person might consider the possibility that Ffion's two miscarriages were God's punishment for little Willy's misdeeds. Either way, she is a victim of his deceit and has wasted the best part of her adult life with someone who has used her as a shield to hide his shirt-lifting ways. A nasty creep.
Facebook are censoring this image of not-gay William Hague
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Michael Gerson
Recent Articles by Michael Gerson
Published: Wednesday, June 29, 2016 6:00 pm MDT
In the Republican Party today, resistance is the evidence of principle.
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SYNOPSIS: You think kids today are bad than you should check out this one from the early 80's, these kids are downright evil. Three kids born during an eclipse are born without a conscience and proceed to terrorize a small town in this sicko classic from everyone's favorite mom and pop video shop. REVIEW: Directed by: Ed Hunt Starring: Lori …Read More »
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On 14 May 2013, Antonio Tajani, Vice-President of the EC in charge of Industry and Entrepreneurship, travelled in Spain where he participated at a breakfast debate with entrepreneurs about the European Unique Digital Market. He inaugurated with Ana María Pastor Julián, Spanish Minister for Public Works, the new Loyola de Palacio Global Navigation Satellite System (GNSS) Service Centre in Madrid. Antonio Tajani also took part in a meeting with some of the Members of the Spanish Congress of Deputies (Joint Committee for the European Union)


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ui developer jobs near Lake Oswego, OR
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Web Developer
Viewpoint, Inc. - Portland, OR
The Web Developer is responsible for. Building, maintaining and supporting web applications using current web technologies and authoring tools....
Art Director of Digital Firm
GRAYBOX, Inc. - Portland, OR
You sweat the details and work with Strategists, UX Designers and Front-End Developers to ensure each solution is engaging, inspiring, and of high-quality....
Front End Developer
AltSource, Inc. - Portland, OR
We are currently seeking a Front End Software Developer. Basically, we're looking for a design guru who just happens to be able to write some mean code....
Senior Web Developer
Vencentric Systems LLC - Portland, OR
JavaScript front-end development with 3rd party UI controls libraries (specifically, Telerik Kendo UI and JQuery)....
Web UI Developer
Zeva Technology - Portland, OR
Web UI Developer Location:. Web UI developer with relevant work experience of 7+ years – building Web UI applications (front end) using HTML5, JavaScript...
iOS Software Engineer
iTech Solutions, Inc - Portland, OR
Developer, Senior Developer, Sr. Programmer / Analyst, Senior Programmer / Analyst, Guru, Consultant, Software Engineer and Engineer, iOS Software Engineer, iOS...
Scala Developer
Net2Source Inc. - Portland, OR
Hi , We need strong Full stack Scala Developer who has recently worked and has good in-depth knowledge on Scala....
Front-End Developer
Xtreme Consulting Group, Inc. - Portland, OR
Xtreme Consulting Group is currently recruiting for a Front End Developer. HTML5 CSS3, jQuery, jQuery UI, Bootstrap, etc.Create new components and user-facing...
Lead Java Rest & SOA Developer, Rate :Open ,Hillsboro, OR
Centizen - Hillsboro, OR
5 years professional IT or related experienceBachelor's degree in Computer Science, Engineering or a related field2 years of additional relevant professional...
UI JavaScript Developer
Infogroup Northwest - Portland, OR
UI JavaScript Developer Location:. Our client, a respected global web analytics market leader, is seeking a UI Developer for an exciting project....


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Monday, June 27, 2016 | 11:50 a.m.
I am thrilled to be taking on the new role of Consumer Reporter for WHIO-TV/Radio, WHIO.com and the Dayton Daily News. I have always been interested in how to save money, just ask me about my skills as a bargain shopper! Dresses for $7, shoes for $5 dollars? Yes, it can be done and it can be fun! I have my mom to thank for showing me the art of shopping and saving. I hope to learn along with you, our viewers, readers, and listeners, even more about how to get the most for our money, avoid products that can be dangerous, and stay away from scams.
I'm a southeastern Ohio native, and graduated from Wright State…GO RAIDERS! I have been a radio anchor and reporter for many years. I have worked for WHIO radio several times, first as an intern, then a night news writer. I quickly moved up to morning anchor, and then after few years in Cincinnati, returned to be the afternoon anchor on WHIO before making my current move into Consumer Reporter.
I received an Edward R. Murrow award for a series I did on alternate reality games, and I recently received an Ohio AP award for best anchor.
I have a wonderful son, who keeps me laughing all the time, an amazing boyfriend, and three cats. (One of those cats was found right here in the parking lot of work.) In my spare time, I crush candy like it's my job, I play Xbox and sports with my kiddo, and I love to keep up on the latest consumer and tech news.
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What was your favorite TV show when you were little?
Duck Tales
What was the first thing you ever wanted to be?
A dolphin trainer at Sea World, or Madonna.
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What was your first job?
What was your first job in radio?
Jock/ Board Op
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Be willing to change and learn new things. Stress is temporary. Coffee, lots of coffee.
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The 9-11 tribute which featured my voice-over, my live coverage of Michael Jackson's funeral, funny character segments I did for Jerry Springer's radio show, my recent TV work, and all of my many bloopers.
A new study shows some insurance premiums in Ohio can vary widely, based on your credit score. According to a WalletHub's 2016 Car Insurance and Credit Scores Report, premiums in Ohio can fluctuate by 56 percent based on credit scores, with other states seeING fluctuations as high 122 percent. People ...
Whether you are shopping for Father's Day or for yourself, there are plenty of deals to be found during the month of June. Major tool brands, including Craftsman and Black and Decker, will be offering 50 percent off specials this month, plus there will be deep discounts on menswear, and ...
If you are hoping for a lower monthly mortgage payment, shorter terms, or a fixed rate, experts say now is a good time to get moving to refinance. Lee Charters of Huber Heights said she refinanced her condo in February to pay it off more quickly. "I went from a ...
Drew and Farrah Keller of Franklin are debt free as of April of this year. The couple said they were tired of living paycheck to paycheck so they took Dave Ramsey's Financial Peace course and paid off $200,000 in debt in five years. "We stopped the sinking ship, stopped accruing ...
More adults want a perfect smile and they are willing to pay for it, but braces for grown-ups can be more expensive and more time consuming than some may realize."After my daughter got her braces and my step daughter got her braces I just decided to join the group," said ...
When you head to Kings Island, the screams you hear should be coming from the riders, not from the shock of draining your wallet. One of the best tools to help you get great deals at the Warren County amusement park is your smart phone. "The best way to save ...
The fear over mosquitoes that could be carrying Zika or West Nile virus is leading to huge sales of bug repellents, but some work better than others.There was an over 300 percent increase in repellent sales in April compared to April of last year, according to research firm 1010data.Expectant Dayton ...
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|Name: _________________________
|Period: ___________________
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Who does Linda tell Jack are the most powerful among the weirs?
2. What does Linda tell Jack he will find at Susannah's grave?
3. What is the cause of death listed for Susannah Downy in the courthouse records found in Chapter 3?
4. In Chapter 10, whom does Jack discover at his house when he arrives home after his fight with Lobeck?
5. Whose mother is a member of the school board?
Short Essay Questions
1. In Chapter 2, where does Becka tell Jack she has gotten a fellowship for that summer?
2. What reason does the leader of the Red Roses give for the murder of Lee's father?
3. What does Lee find when he returns home? What does Lee know about who is responsible for what he finds?
4. In Chapter 7, what is the first thing Hastings wants Jack to learn to do with his powers?
5. In Chapter 6, what immediate impact does Jack feel from his new medication?
6. In Chapter 7, how does Hastings force Jack to manifest his powers?
7. In Chapter 5, why is Jack surprised by the identity of his new trainer?
8. What does Jack do when he remembers that he forgot to take his medication?
9. Who finally discovers the location of Susannah's grave? Where is it?
10. What voices does Jack hear at Susannah's grave? What do they say? Why does he hear them?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss the structure of the novel. How is the novel structured? How many narrators are there? Why does the author begin with Lee's story? What is the impact of Lee's story on the reader as the reader learns more and more about the characters in the novel? How does the author build tension in the novel? What is the purpose of the tension in this novel? How does the author use language in this novel? Is the language appropriate to the characters and the plot? How does the author use metaphor and other language devices to tell her story? Does the author develop her themes well? Can you identify some of the themes in the novel?
Essay Topic 2
Who is Dr. Longbranch? Why does she believe that she should own Jack? Why does Dr. Longbranch want Jack to fight for the White Rose? In what way does Dr. Longbranch discuss Jack as though he were a prized dog rather than a person? Why does Dr. Longbranch become upset when she learns that Hastings plans to have Jack fight for him as an independent? Why does Dr. Longbranch file suit, claiming that Jack belongs to her? Who else files suit to stop Jack from fighting in the Games? What is the result of these law suits?
Essay Topic 3
Who is Leander Hastings? What role does he play at Jack's school? Why does Linda arrange for Hastings to begin training Jack with the sword? What kind of training do they do? What is unusual about the opponents Leander provides for Jack? How does Jack fair in the beginning of his training? Why does Hastings continually push Jack to do better and better in his training? What makes the reader begin to think that Hastings might have ulterior motives in training Jack? What might these motives be?
This section contains 930 words
(approx. 4 pages at 300 words per page)


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|By Gilad Parann-Nissany
Article Rating:
|August 17, 2014 11:30 AM EDT
In a Feb 2014 survey, 94 percent of organizations surveyed reported running applications or experimenting with infrastructure-as-a-service.[1] According to research firm Nasumi, there is over one exabyte currently stored in the cloud. An exabyte is over a billion GB.[2] Considering the amount of data in the cloud and the growing rate of adoption for sensitive use cases, it is natural that securing our data in the cloud is a concern. But, cloud security, though rightfully a central concern, should not be a hindrance to aggressively moving workloads and applications to the cloud.
In fact, there are some misconceptions about cloud security that need to be laid to rest.
Myth #1: A cloud provider's customers can attack each other
The multi-tenant environment of cloud computing has given rise to a misconception that the provider's many customers can access each other's data and accounts with little effort. This is tantamount to saying that your neighbors can break into your home easier than a thief from across town.
The truth is that virtual walls segregate you from other customers. Your hypervisor is the primary separator and is extremely difficult to hack. If you add other safeguards like VLAN isolation and proper data encryption and key management, your data is completely safe from other cloud customers.
The Alert Logic State of Cloud Security Report concludes "It's not that the cloud is inherently secure or insecure. It's really about the quality of management applied to any IT environment."
Myth #2: Data in the cloud in more susceptible to risk than data in the datacenter
In survey after survey, we find that the reason that cloud computing isn't growing even faster than its staggering CAGR is companies' security fears. But, like many fears, this one mixes legitimate concerns with ignorance. Depending on the details, data in the cloud may actually be safer than data in the datacenter.
In fact, a 2014 study found that once businesses learn about and experience cloud computing, concerns about security vanish. Close to one-third of executives and professionals who have not yet implemented cloud say security is their top concern, a number that diminishes to 13 percent of seasoned, heavy users of cloud services (and is only the fifth-ranked concern on their list).[3]
Arthur W. Coviello, Jr., Executive Chairman for RSA, puts it simply, "security concerns are really independent of the cloud. They're just an extension of what is being dealt with in the physical infrastructure."[4]
In many cases, the average enterprise or SME can't keep up with all of the security controls necessary to protect data in-house. For a cloud provider, conversely, it is a core business function. They typically invest in the strongest forms of network security and detection and attain compliance certifications that reduce the risk for the data they're tasked to protect.
If your core business isn't preparing tax returns, you hire someone who can do it for you: someone with the right background, experience, and tools. Someone who does a better job than you could do yourself. The same applies when it comes to protecting your data: using a provider who specializes in doing so will create better results than doing it yourself.
Myth #3: Using a trusted cloud provider guarantees protection of data
The internet is filled with comparisons of the trustworthiness of cloud providers. Those researching a cloud solution are often tasked with ensuring the cloud provider conducts audits, provides certifications, complies with industry regulations, properly screens their employees, etc. While all of these elements have their place in assessing the trustworthiness of a cloud provider, they don't completely protect your data because it is not just the cloud provider's responsibility to protect your data.
The truth is this: whether you build your own private cloud, store your data in a public cloud, or keep your sensitive business information under your mattress, the duty to protect your data is yours alone.
Amazon Web Services (AWS) accounted for 37% of the $9 billion infrastructure as a service (IaaS) market in 2013, according to analysts from equity research firm Evercore. The IaaS market is growing by 45%, but Amazon Web Services has a growth rate of 60%.[5] AWS is currently the biggest public cloud provider. And yet, in the AWS Security Center, they clearly state "AWS has secured the underlying infrastructure and you must secure anything you put on the infrastructure."
Because you control the security of your accounts and data, you can ensure that you still own your data - even though you are housing it in public infrastructure.
The way to ensure your data is safe in the cloud is by encryption. Encryption, and the management of encryption keys, is not just about safety, it is also about ownership. If you encrypt properly, you will own your data even though you are renting infrastructure form a cloud provider.
To simply and effectively achieve encryption key management, the best practice is coupling the innovative techniques of split key encryption and homomorphic key management. They will be the assurance that no one (not even your cloud provider) can access data you store in the cloud and that everything you store in the cloud is completely safe, segregated, and protected in a way that is scalable, automated, and cost-effective.
- http://www.rightscale.com/blog/cloud-industry-insights/cloud-computing-trends-2014-state-cloud-survey
- https://www.nasuni.com/wp-content/uploads/2013/02/nasuni_infographic_the_state_of_cloud_storage_in_2013-4.jpg
- http://www.forbes.com/sites/joemckendrick/2014/04/03/cloud-security-fears-diminish-with-experience-survey-shows/
- http://www.vmware.com/files/pdf/VMware-Cloud-Security-Myths-Strategies-Uncovered-White-Paper.pdf
- http://www.businessinsider.com/amazon-web-services-market-share-2014-6
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Jun. 29, 2016 07:00 PM EDT Reads: 448
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren't yet translating into a true "cloud" experience within the enterprise. What is stopping the growth of the "private cloud" market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jun. 29, 2016 05:30 PM EDT Reads: 1,035
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Jun. 29, 2016 04:15 PM EDT Reads: 435
"We work in the area of Big Data analytics and Big Data analytics is a very crowded space - you have Hadoop, ETL, warehousing, visualization and there's a lot of effort trying to get these tools to talk to each other," explained Mukund Deshpande, head of the Analytics practice at Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jun. 29, 2016 04:15 PM EDT Reads: 416
The idea of comparing data in motion (at the sensor level) to data at rest (in a Big Data server warehouse) with predictive analytics in the cloud is very appealing to the industrial IoT sector. The problem Big Data vendors have, however, is access to that data in motion at the sensor location. In his session at @ThingsExpo, Scott Allen, CMO of FreeWave, discussed how as IoT is increasingly adopted by industrial markets, there is going to be an increased demand for sensor data from the outermos...
Jun. 29, 2016 04:00 PM EDT Reads: 367
UAS, drones or unmanned aircraft, no matter what you call them — this was their week. Our news stream was flooded with updates on the newly announced rules and regulations for commercial UAS from the FAA. So, naturally we have dedicated this week's top news round up to highlight some of our favorite UAS stories.
Jun. 29, 2016 03:02 PM EDT Reads: 281
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jun. 29, 2016 03:00 PM EDT Reads: 367
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink's Networx contracts. The General Services Administration (GSA)'s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA's Networx Universal and Enterprise contracts. GENBAND's EXPERiUS™ Application...
Jun. 29, 2016 02:00 PM EDT Reads: 393
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Jun. 29, 2016 02:00 PM EDT Reads: 661
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Jun. 29, 2016 01:15 PM EDT Reads: 357
When people aren't talking about VMs and containers, they're talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
Jun. 29, 2016 12:30 PM EDT Reads: 559
Apixio Inc. has raised $19.3 million in Series D venture capital funding led by SSM Partners with participation from First Analysis, Bain Capital Ventures and Apixio's largest angel investor. Apixio will dedicate the proceeds toward advancing and scaling products powered by its cognitive computing platform, further enabling insights for optimal patient care. The Series D funding comes as Apixio experiences strong momentum and increasing demand for its HCC Profiler solution, which mines unstruc...
Jun. 29, 2016 11:00 AM EDT Reads: 523
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jun. 29, 2016 11:00 AM EDT Reads: 488
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
Jun. 29, 2016 11:00 AM EDT Reads: 594
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, "IoT project implementers often ...
Jun. 29, 2016 10:45 AM EDT Reads: 567
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jun. 29, 2016 10:30 AM EDT Reads: 517
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a 'better data center' and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a 'Dynamic Tool for Dynamic Apps' and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Jun. 29, 2016 10:00 AM EDT Reads: 1,303
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Jun. 29, 2016 09:45 AM EDT Reads: 1,266
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jun. 29, 2016 09:45 AM EDT Reads: 952
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Jun. 29, 2016 09:15 AM EDT Reads: 1,466


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Picks of the Week
There was such cuteness on the blogs this week! I think that's what I love most about warm weather yarn crafting – when you make something cute for cute's sake. There's nothing more pure to me than the silly pleasure one gets from making something adorable.


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Brainless "G.I. Joe: Retaliation" a real American zero
What is wrong with action movies this year? Last year, when an action movie was dumb, it had the decency to make up for it with mind-blowing, bone-crunchingly awesome stunts and action sequences (cough, "The Raid: Redemption").
So far this year, though, all the big blockbuster action movies – like "A Good Day to Die Hard" and its slightly more tolerable cousin "Olympus Has Fallen" – act as though they have a license to kill brain cells. Worst of all, they only provide marginally diverting action to make up for it. Now there's the long awaited "G.I. Joe: Retaliation," the most mind-numbing of the bunch.
And no, the 3-D conversion that delayed the film for almost a year does not make the proceedings any better.
"Retaliation" takes place a little while after the events of 2009's "G.I. Joe: The Rise of Cobra," which ended with Cobra Commander and metal-head Destro captured, the president replaced by the shape-shifting Zartan (Arnold Vosloo), the Joes – led by Duke (Channing Tatum) – temporarily victorious. They apparently suffered several retirements, as most of the Joes from the last film (Rachel Nichols, Marlon Wayans, Adewale Akinnuoye-Agbaje) are nowhere to be found. Their toys must not have sold well.
Instead, newcomers Roadblock (The Rock), Lady Jaye (Adrianne Palicki) and Flint (D.J. Cotrona) join Duke and the masked ninja Snake Eyes (Ray Park). Considering how little character or personality they have, I'd just call them The Rock, Girl and Guy Who Isn't The Rock. I hope you like following these bland future action figures, because they're all we get after the devious fake president (Jonathan Pryce, one of the few cast members just having a good time) wipes out the Joes – including Duke.
That's right; the rumors of bonus Tatum being added were wrong. He lasts about 15 minutes, shares a few forced but mildly diverting moments of male bonding with The Rock … and then gets vanquished.
Thus the stage is set for revenge, with the remaining Joes teaming up with the original G.I. Joe (Bruce Willis, either bored or exhausted from starring in his sixth movie in less than a year) to travel the globe to expose the fake president before he, Cobra Commander and new baddie Firefly (Ray Stevenson) take over the world with the help of their super mega death satellite – which, of course, comes with a self-destruct switch. Apparently the rest of the world leaders are in on the plan too, as they seem far too willing to send nuclear missiles flying willy-nilly across the globe with their shiny nuclear button suitcases.
Meanwhile, Snake Eyes and new character Jinx (Elodie Yung) are up in the mountains because if they weren't, we wouldn't be able to have a ninja wirefight on the side of a cliff. That's as good a reason I can give you. There's something about past ninja sins, a dead master, RZA and villain Storm Shadow (Byung-hun Lee) needing to fix his back, but it's padding dedicated to non-characters that seem about as alive as plastic toys.
Writers Rhett Reese and Paul Wernick – the duo behind the actually quite clever zombie comedy "Zombieland" – load "G.I. Joe: Retaliation" with an excess of characters but a lack of anything fun or interesting for them to do or say. The Rock is locked onto glum revenge mode, and everyone else is just a vehicle for action, sloppy exposition or, if you're Lady Jaye, sexy outfits. It's a movie overstuffed with nothing.
Director Jon M. Chu tries to bring the movie to life with the action, and he almost manages to do it with some of the set piece moments, like the aforementioned mountainside ninja battle and a late gun-punch fight. At the same time, however, there's just so little to care about or get attached to, both in terms of story and characters, that it falls as flat as one of the wire-fu ninjas with his rope cut. It's hard to feel much is really at stake when even blowing up London causes little more than a shrug.
Then again, a shrug is all that "G.I. Joe: Retaliation" seems to be going for. Instead of dumb fun, the film is fully dedicated to dumb mediocrity and assumes that a few sequences of merely competent action will make up for neglecting everything else. That's how you get a story in which the president can launch a doom satellite into space and seemingly replace the entire military with his personal goons without anyone noticing. Well, Lady Jaye does … when she notices his fingers folded differently and his use of the word "soda" instead of "pop."
It's a frustratingly joyless and charisma-free project, content to play down to the low expectations set by the previous film and the Hasbro logo at the beginning of the credits. This is normally around the time when I say that there's enough explosions and fight scenes to satisfy undemanding fans, but when the final product is this devoid of substance, they should be demanding more.
Like the rest of this latest batch of action movies, "G.I. Joe: Retaliation" finds plenty of ways to blow stuff up. Now if only they could find a reason for audiences to care.
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Read and rate Travel Journal Entries for Bretagne, France
Jun 23, 2015 - Vannes - Day 30
We started the day looking at the options of re-visiting Loctudy to see the Manoir de Keraza at 1400hrs or visiting Chateau de Keriolet, on the way to Vannes . In view of the extra 60 kms and the lateness of the day, we agreed to visit the Chateau. After another late and lovely breakfast, we bade farewell to Annie our very helpful hostess and were on our way at 1000hrs arriving at the Chateau at 1030hrs. It was a coincidence that one of only two daily tours was to start at 1030hrs. The tour group of four, had the tour conducted in French...Jump to full entry
Jun 22, 2015 - Quimper - Day 29
We breakfasted earlier this morning and by ourselves. Annie offered us visit options which we planned around and departed the B&B at 1000hrs. Our first leg was a 23km drive north to Locronan, a classic 17/18th century town built from local granite. This early Celtic town has a 2000 year old history and has retained the majority of its buildings in their original style. It is officially listed as one of France's most beautiful towns and from our perspective it is well deserved. We walked the streets ( limited to local vehicles only ) and...Jump to full entry
Jun 21, 2015 - Quimper - Day 28
We awoke to the quiet of a still country morning at 0730hrs; not a sound could be heard. We dressed and were at the breakfast table by 0930hrs where we met a lovely young Austrian couple returning to the hotel after one year of marriage, having honeymooned here. We had a pleasant discussion before they left to return to Innsbruck. Following breakfast our host, Annie gave us an itinerary for the day which we gratefully accepted. Our first point of call was Port Aven, 26 km SE on the river Aven. This small very picturesque village was the...Jump to full entry
Jun 20, 2015 - Quimper - Day 27
45th Weddings Anniversary today. We rose early to make the most of the opportunity of the late 1200hrs checkout from our hotel I initially walked the granite track for photo's while Kaye dressed. After, when Kaye had dressed, we stopped briefly in the main shopping area of Ploumanac'h for coffee and pastries before walking the same route we took yesterday photographing the rocks. The morning was sunny and the sea bright and blue. The sun from the east presented a very different impressions of the rocky outcrops than yesterday afternoon. We...Jump to full entry
Jun 19, 2015 - Ploumanac'h - Day 26
Our 0700hrs rise from bed was our first early rise in quite a few days. We departed our hotel after a farewell to our French girl who had visited Adelaide and was most helpful to us. A quick coffee and pastry, a little shopping for hairspray and we were off for our 170 km drive to the seaside town of Ploumanac'h, north west of Saint Malo. On the way, we decided on a quick look at the large township of Saint Brieuc, half way to Ploumanac'h and had no problem entering the old city, however, it did not have the feel that we have experienced...Jump to full entry
Jun 18, 2015 - Saint Malo - Day 25
This morning was no different to the last three except our adopted Patisserie was closed and we were required to withdraw across the road to a cafe where we had two coffees and two coissants for 5€. We were the only ones in the cafe. We had decided earlier to visit Combourg Castle ( 42 km) on the way to Dinan and were at the castle at 1215hrs. We parked near the castle and walked to the ticket office where we met a less than helpful attendant. Our english probably turned her off and her abruptness challenged our decision to visit....Jump to full entry
Jun 17, 2015 - Saint Malo - Day 24
Another late start to the day but we are not concerned as we achieved a lot yesterday and felt we could do the same today. We departed the hotel at 1115hrs, for a coffee and pastry after which Kaye had her fringe cut. We then drove to Saint Lunaire, 16 km west of Saint Malo to view this seaside village, reputed to be the resort location for French actors living in Paris. The village was of a good size but was very quiet and many of the homes were still closed from the winter months. We walked the promenade and side streets to the Pointe du...Jump to full entry
Jun 16, 2015 - Saint Malo - Day 23
This was our laziest of mornings and it was not until 1115 hrs that we emerged from our room. Breakfast in the hotel had come and gone and any cafe serving pastries had ceased selling them and were preparing for lunch. After a lengthy walk, we found a patisserie at the bottom of our road selling both coffee and pastries which we indulged in. On our return to our hotel, we immediately set off to drive the 56km to re-visit Mont Saint Michel ( last 2012 - no photo's as camera stolen). The trip was quick and parking proved no problem. We took...Jump to full entry
Jun 15, 2015 - Saint Malo - Day 22
We were up earlier this morning as I did not have my camera with me when walking the streets of Rouen last evening. While Kaye finished dressing, I photographed the area of the Hotel De Ville and the Cathedrals before joining Kaye for the usual morning coffee and pastries in the centre of town. We then completed our exploration of this impressive city, capturing the earlier impressive images and more. Unfortunately, we were too early to enter the Cathedrals. One more day in Rouen would have been good! We returned to our hotel, which has a...Jump to full entry
May 12, 2015 - Dreams do come true
One of the highlights of our trip was a visit to the 1000 year old Bayeau tapestry. As exhibits go this one takes the cake. It is mounted inside a curving glass case and each of the panels has been numbered by the maker. Audio guides operate as soon as you stand in front of a number which means that no one stands in your way or moves ahead of you leaving you to enjoy each moment as the story of William the conqueror, a native of Bayeau, unfolds before you. The commentary highlights features you would never notice otherwise and people of all...Jump to full entry
Trip Journal
Sep 29, 2014 - Bretagne/Brittany
Bretagne, or Brittany to all us English speakers, is the hidden secret of France. Very few Americans come here, many British do, and we're constantly asked if we're British - obviously our American accent is not giving us away, they're just not used to Americans. What a gem. We are cocooned in Tregestal, a small village surrounded by even smaller villages (we're actually in a place called "Le Bourg", next to Tregestal - on the Pink Granite Coast, spending our couple of days literally kicking back, relaxing, catching up on emails, internet,...Jump to full entry
Trip Journal
Sep 26, 2014 - St Malo and the beginning of Bretagne
Our first day leaving our home exchange and we're off to Bretagne, heading straight to St Malo, a beautiful fishing port and an impressive old town and beaches. Toward the end of the day we headed down towards Dinan, and stayed in a wonderful Chambre d'Hote in Vilde-Guingalan, the Clos Saint Ange, about 10 km Dinan. Dominique, the wonderful host, recommended a restaurant in Lehon, which turned out to be a total delight. Great food, small menu, and a really fun owner/hostess. The restaurant, La Marmite, she informed us, was also written up...Jump to full entry
Trip Journal