Wrapped Apps™ Launches Strategic Business Evaluation
Aug 21, 2006 - Ottawa, ON, Canada −
Wrapped Apps™ Corporation's Board of Directors announced today that it has launched a strategic business evaluation.
The Board has launched this evaluation to ensure that the corporation is positioned to leverage its research and development efforts to take advantage of the rising momentum of the SaaS market.
“IDC predicted that worldwide spending on
Software-as-a-Service (SaaS) will hit $ 10.7 billion by 2009,” stated
Wrapped Apps™ Chairman Alain L. Mercier. “We have already witnessed a huge number of companies attempting to cross over into the
SaaS model, but they are finding the transition difficult to manage. Significant gaps exist between software vendors and Service Providers.”
New Road Strategies is an Ottawa-based public policy and management strategy boutique that will be working in collaboration with Delsys Research Group Inc. on the project. “We intend to use a leadership and systems approach to engage the entire
Wrapped Apps™ ecosystem (investors, advisors, partners, and staff) in a strategic ‘dialogue’,” said Warren Johnson, President of New Road Strategies. “The objective is to focus on
Wrapped Apps™ Corporation’s strategic options given the state of the OnDemand market and
Wrapped Apps’ extensive R&D efforts to date.” The strategic evaluation should be completed in October 2006.
“
Wrapped Apps™ has been flying under the radar for quite some time;” offered Mercier, “but our recent commercial success has demonstrated that we can be a valuable ally in SaaS enablement. We eagerly anticipate the results of this evaluation.”
About Wrapped Apps™ Corporation
Headquartered in Silicon Valley North (Ottawa, Canada),
Wrapped Apps™ Corporation is positioning itself as a leading technology enabler for the online deployment and use of applications and content OnDemand. The
AppsOnDemand™ Server and Service Provider Console provide automated support for all tasks associated with online provisioning; including metering and monitoring, reporting and billing, and licensing and compliance. Our
Virtual Multi-Tenancy™ (
VMT™) technology significantly reduces the time, development cost, and architectural barriers to on-demand delivery; enabling application and content providers to focus on their core offerings, get to market quicker with reduced costs, and monetize their assets. Most Web, Windows, Linux-based, single-user or multi-tenant applications and content can be wrapped for on-demand delivery within 30 days.
For more information visit:
www.wrappedapps.com or contact:
media@wrappedapps.com.
Wrapped Apps™ Corporation
Kanata Square
260 Hearst Way, Suite 401
Kanata, Ontario K2L 3H1
Toll-free: 1-877-388-6742
International: + 1 613.591.7552
Fax: +1 613.591.0523