Linux Labs Unveils Strategy for Its SaaS Business With Full Launch Targeted for Next Quarter; Software as a Service (SaaS) Ma...
October 05 2011 - 4:15PM
Marketwired
Searchlight Solutions Ltd. (PINKSHEETS: SLLN) subsidiary, Linux
Labs International, Inc., today unveils a strategy to tackle the
underserved scientific community with a new Software as a Service
("SaaS") platform, commencing with a solution for the NIST FDS fire
dynamics simulator. Although currently in alpha and testing with a
limited number of clients, the service is targeted to fully launch
in the first quarter of next year.
A recent International Data Corporation (IDC) study shows that
the Software as a Service (SaaS) market had worldwide revenues of
$13.1 billion in 2009. IDC forecasts the market to reach $40.5
billion by 2014, representing a compound annual growth rate of
25.3%.
- http://www.idc.com/getdoc.jsp?containerId=prUS22431810
-
http://www.pcworld.com/businesscenter/article/201901/idc_saas_momentum_skyrocketing.html
Linux has over a decade of experience in deploying FDS cluster
computer solutions for clients such as ARUP (www.arup.com). With
this new strategy, Linux plans to provide an FDS SaaS solution that
would provide efficiencies and cost savings for future clients,
from industries such as Engineering, Educational institutions, Gas,
Chemical and Government agencies like FEMA.
About Us: Searchlight Solutions Ltd.
(PINKSHEETS: SLLN) is a technology venture holding company that
provides business development and high level management services
for early stage technology companies who are pursuing the benefits
of the public marketplace.
Searchlight Scientific Inc. is a next
generation data services company focusing on developing and growing
cloud based solutions to solve tomorrow's computing challenges.
www.searchlightscientific.com
Linux Labs International Inc. is a hybrid
engineering firm specializing in technologies that expand the field
of high performance supercomputing. Linux Labs designs and builds
high-performance supercomputers utilizing their proprietary
NimbusOS™. www.linuxlabs.com
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www.searchlightscientific.com Searchlight Solutions (866) 230
4056
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