Contract Wins
26 October 2009 - 6:00PM
RNS Non-Regulatory
TIDMXPT
Xploite PLC
26 October 2009
?
Embargoed Release: 07:00hrs Monday 26 October 2009
Xploite plc
("Xploite" or "the Group")
Storage Fusion Delivers Strong Contract Wins
Xploite plc (AIM: XPT), the operator and aggregator of strategic and high-growth
IT services businesses, is pleased to announce that, further to the announcement
on 21st October 2009 and the update provided on the current trading of Storage
Fusion, its Storage Resource Analysis (SRA) subsidiary, Storage Fusion has now
signed a total of 15 new agreements over the past two months.
The Board of Xploite believes that these contract wins demonstrate that the
Storage Fusion business continues to maintain its recent, improved, levels of
performance and that it will achieve the Board's objective of being cash
positive on a month-to-month basis.
Storage Fusion provides Storage Analytics technology as Software as a Service
(SaaS), enabling customers to manage disparate storage. The elegance of the
solution, depth of reporting and immediate return on investment (ROI) are all
major factors in the decision to invest in the service.
New customers of Storage Fusion's annuity service over the past two months,
include Abbey (Santander), Barclays, BGC Partners, Chelsea Building Society,
Emirates (Dnata), Merlin Entertainments Group,
Nissan, RBS and O2.
On the decision to invest in Storage Analytics, David Francis, Global CTO at BGC
Partners
commented: "It is easy to be sceptical when a value to cost proposition like SRA
is presented. We therefore took the opportunity to have a business case
justification run against our US storage estate. Within 36 hours we were
reviewing our online headline report analysis. Choosing to subscribe to the
annuity service, covering our entire storage infrastructure, was not a difficult
decision."
In addition, Storage Fusion has also signed reseller agreements with Unisys and
Computacenter, who will provide the service to their clients.
Matthew Yeager, Practice Leader, Data Storage & Protection at Computacenter
commented:
"Computacenter selected Storage Fusion for use in our Storage Assessment &
Strategy Service as well as for consultative storage selling with customers, as
Storage Fusion offers the most comprehensive SRA reporting using agentless,
vendor neutral, and non-intrusive discovery tools. I view StorageFusion's SRA
tools as being core to our future success in delivering efficient and agile
consultative engagements to our customers."
Ian Smith, Chief Executive Officer of Xploite commented: "Although Storage
Fusion revenues were lower than anticipated over the year, the business has
turned a corner since fully exploiting the commercial power of SaaS through the
new streamlined pricing strategy implemented in August. This has
subsequently accelerated sales over the past two months. Its blue chip customer
base is a strong endorsement of the quality of the service and the Board
believes that the increased customer volumes will, in turn, increase market
awareness of the SRA software, supporting the continued growth of the business."
Enquiries:
+----------------------------+------------------------+-------------------------+
| Xploite plc | Brewin Dolphin | Hansard Group |
| Ian Smith, CEO | Matt Davis | Justine James |
| Robert Arrowsmith, CFO | Neil McDonald | Kirsty Corcoran |
| 0870 737 2001 | 0845 213 4217 | 020 7245 1100 |
+----------------------------+------------------------+-------------------------+
Notes to Editors
About Storage Fusion
Storage Fusion's Storage Resource Analysis (SRA) automates the processes
associated with storage
analytics.
Storage Allocation typically involves spending countless hours or even days
extracting disparate data for from multiple management tools, which is an
inefficient, inaccurate process which cannot be scaled for large deployments.
SRA provides an interactive "single pane of glass" delivered via a secure web
portal making it a powerful decision tool.
SRA brings both business intelligence and automated administration analysis to
storage management. It allows managers to gain real transparency of their
storage assets and allows administrators true insight into how their
heterogeneous storage estate is installed, configured, tiered, allocated,
virtualised and assigned.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAILFVRITLVFIA
Xploite (LSE:XPT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Xploite (LSE:XPT)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Xploite (London Stock Exchange): 0 recent articles
More Xploite News Articles