Licensing Agreement
30 October 2008 - 8:35PM
UK Regulatory
RNS Number : 0234H
XploiTe PLC
30 October 2008
30 October 2008
Xploite plc
Licensing Agreement with Computer Data Source (CDS)
Xploite plc ("Xploite", "the Group", AIM: XPT), the operator and aggregator of strategic and high growth IT services businesses, announces
that Itheon, the Group's business solutions software subsidiary, has signed an agreement to license its Storage Resource Analysis (SRA)
software to Computer Data Source Inc (CDS), a US-based provider of IT services with a focus on Hardware Support Service Solutions.
The agreement includes a one-off payment in the current financial year for hosting the software and then the payment of subsequent
royalties. This is in addition to the SRA licensing agreement with Glasshouse Technologies, Inc., announced on 28 October 2008.
CDS provides Hardware Support Services for its customers across the USA, Canada, Europe and Asia. The Company supports a wide range of
product lines including those from EMC, IBM, HP, Sun, Compaq, StorageTek and NetApp product among many others. Under the terms of this new
license agreement CDS will use Itheon's SRA software to provide storage assessments and ongoing storage analytics to its many clients.
Ian Smith, Xploite Chief Executive said:
"This is a further important development for Itheon. In the current climate customers are increasingly looking to ensure that they have
optimised their existing storage infrastructure before buying new capacity. CDS have an excellent service reputation and we look forward to
building our North American presence with them."
Graham King, EVP of Sales and Marketing for CDS added:
"As the leading independent provider of storage services, we are very excited to be part of a product as significant as Storage Resource
Analysis (SRA). In this challenging economy it is refreshing to be able to offer a product that enables businesses to conserve working
capital while still advancing the goals of their corporation."
Enquiries
Xploite plc www.xploite.com 0870 737 2001
Ian Smith, Chief Executive Officer
Robert Arrowsmith Finance Director
KBC Peel Hunt Ltd 0207 418 8900
Oliver Scott/Nicholas Marren
College Hill 020 7457 2020
Adrian Duffield / Jon Davies
About Xploite
Xploite is an IT services group that creates value by exploiting opportunities within the rapidly evolving IT services marketplace. Xploite
is an aggregator and consolidator of a portfolio of businesses that are focused on high growth segments in this market.
About Itheon SRA
Itheon's SRA software is a platform independent software solution. SRA provides full transparency into how an organisation's storage estate
is installed, configured, allocated and assigned and is unique in being delivered as a hosted Software as a Service (SaaS) solution hosted
solution that allows customers to log onto a website and operate the software themselves.
About Computer Data Source (CDS)
Computer Data Source (CDS) is a leading provider of hardware support services, delivering maintenance and support solutions for EMC, IBM,
Sun, and HP as well as many legacy products. With an extensive service offering CDS Service and Support is the most complete single source
service companies in the industry. CDS has received some of the most
prestigious awards presented by the US Government like "Prime Contractor of the Year" and "The SBA's Award for Excellence".
This information is provided by RNS
The company news service from the London Stock Exchange
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