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Major IT Users Expect to Save $30 Billion While Spending $40 Billion; "Is This Any Way to Run a Business?" Asks Standish International's Jim JohnsonBOSTON, MA--(Marketwire - July 2, 2008) - "Spending $40 billion to obtain only $30 billionin savings is 'Alice in Wonderland' logic," said Jim Johnson, Chairman ofthe Standish Group International.
In a just-released TRENDS IN OPTIMIZATION REPORT from Standish Group, largeIT user organizations are planning to spend $40 billion on optimizationtools, skills, technology and services. Yet only $30 billion in savings isanticipated.
"The track record for the last three years for optimization products isdismal," Mr. Johnson continued. "Optimization has joined 'enterprise' asanother overused IT buzzword. However, that does not mean optimization hasno value -- but it does need a closer look and careful consideration."
Homeland Integrated Security Systems Approaches Southeastern U.S. Municipalities to Market Cyber TrackerARDEN, NC--(Marketwire - July 2, 2008) - Homeland Integrated Security Systems, Inc.( PINKSHEETS : HISU ) is pleased to announce that the Company has stepped upits efforts to market Cyber Tracker to county governments in Florida andNorth Carolina. The equipment can be installed on patrol cars, fire andrescue vehicles, and public works vehicles. Multiple counties in Floridaand North Carolina have requested quotes for the Cyber Tracker in an effortto improve safety and save costs for local governments.
Intrinsyc Provides Update on Destinator AcquisitionVANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2008) - Intrinsyc Software International, Inc. (TSX:ICS), a global wireless software solutions provider, today announced that it is the successful bidder to acquire certain assets of Destinator Technologies Inc. and certain of its affiliates (Destinator). Further to the Intrinsyc announcement on May 20, 2008, that the Company intended to acquire certain assets from Destinator subject to court and other approvals and conditions, no other party made a qualified bid for the assets of Destinator prior to the court ordered deadline. Destinator will make motions in the courts of Ontario and Delaware during the week of July 7, 2008, seeking vesting orders to approve the Intrinsyc offer, with closing to occur as soon thereafter as practicable.
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