Summit Strategies a Leading Technology Analyst Recognizes Smart Online as a Top Vendor in Software-as-Services Market
18 April 2005 - 11:02PM
PR Newswire (US)
Summit Strategies a Leading Technology Analyst Recognizes Smart
Online as a Top Vendor in Software-as-Services Market RESEARCH
TRIANGLE PARK, N.C., April 18 /PRNewswire-FirstCall/ -- Smart
Online(R), Inc. (OTC:SOLN) (BULLETIN BOARD: SOLN) announces Summit
Strategies has acknowledged the company as a top pure-play
net-native vendor in the Software- as-Services (SaS) market in
their recent report written by Phil Wainewright, titled "Software
Powered Services: Net-Native Software-as-Services Transforms The
ISV Business Model." Mr. Wainewright's report highlights how the
SaS model is going to radically change the landscape of the
software industry, "No conventional player can afford to
underestimate the transformational impact of the net- native model,
nor how radically it will alter the ground rules of the packaged
application business. Even though the timescales are lengthy, there
is precious little time left for traditional ISVs and other IT
industry players to adequately prepare for the scale of change that
is going to take place." About Smart Online Smart Online, Inc.,
http://www.smartonline.com/ , is one of the pioneers of Web- native
applications and is the first vendor to offer a private label
syndicated online business platform that enables Web delivery of
critical applications and services for small-to-medium businesses.
Smart Online led the industry by converting to Software-as-Service
(SaS) Web delivery in 1999. Today, the company markets Web-based
applications to customers via Smart Online's Web site and by
private labeling its syndicated software services for use on large
corporate Web sites in the financial services, media, manufacturing
and telco industries. Further Information For further information
regarding risks and uncertainties associated with Smart Online's
business, please refer to the Risk Factors Section of Smart
Online's SEC filings, including, but not limited to, its Annual
Report on Form 10-K for the year ended December 31, 2004, copies of
which may be obtained on the website of the Securities and Exchange
Commission. All information in this press release is as of April
18, 2005. Smart Online undertakes no duty to update any
forward-looking statement or to conform the statement to actual
results or changes in Smart Online's expectations. DATASOURCE:
Smart Online, Inc. CONTACT: Thomas Furr of Smart Online, Inc.,
+1-919-765-5000, or Web site: http://www.smartonline.com/
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