IT Wise, the Sub-Saharan distributor for Neoware, today announced that Business 2.0 magazine, published by The Fortune/Money Group of Time Inc, has named Neoware one of America`s 100 fastest growing technology companies.
Neoware is `hot`, according to Business 2.0, because "sales of `thin client` PCs that offload processing to central servers are growing 23% a year". A thin client is a lower cost computer that connects to the network and runs applications on servers. As a result, the cost of managing desktop devices is much lower, and security is much higher, because applications and data are on the server, not the desktop device.
"Being recognised in Business 2.0`s Top 100 Fastest Growing Tech Companies validates the trend towards our model of thin client computing, and is a result of the rapid adoption of Neoware products," commented Michael Kantrowitz, Chairman and CEO of Neoware. "Neoware customers are increasing their security and lowering their costs."
Neoware, the fastest growing thin client company, is focusing its research and development resources on software innovation - a strategy that Kantrowitz believes will continue to accelerate thin client adoption. "Companies are realising that with Neoware software they can have the security benefits of thin clients on their existing PCs," added Kantrowitz. "Every day there are news stories about how losing a PC can mean the loss of vitally important corporate and personal information. Our thin client products help enterprises finally solve these significant security problems."
Neoware was selected as one of Business 2.0`s 100 Fastest Growing Tech Companies from more than 2 000 technology companies that have been publicly traded on a US stock exchange for at least three years, have a market capitalisation of at least $50 million, and have had a positive operating cash flow over the past 12 months. Final selection criteria were growth in revenue, profit and operating cash flow during the past three years, and 12-month stock return as of 31 December 2005.
For further information, please contact Sandy Redgate at telephone (012) 665 2204; fax (012) 665 2918; e-mail Sandy@itwise.co.za.
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Neoware Inc, based in King of Prussia, PA, USA, is a leading provider of enterprise software, thin client appliances, and related services that make computing more open, secure, reliable, affordable and manageable. By employing open technologies and eliminating the obsolescence built into standard personal computer architectures, Neoware helps enterprises leverage server-based computing architectures to increase security and reliability, enhance flexibility, as well as lower their total cost of ownership.
Neoware`s software products enable enterprises to gain control of their desktops, stream software on-demand, and to integrate mainframe, midrange, Unix and Linux applications with Windows environments and the Web. Its thin client appliances and software enable enterprises to run applications on servers and display them across wired or wireless networks on secure, managed, reliable appliances that cost as little as one-fourth the price of today`s typical business personal computer. The company`s global development, services and support provide customers with customised solutions that facilitate their specialised computing needs.
IT Wise
IT Wise, a South African company, is the sole Sub-Saharan Africa distributor for Germany-based Thin Print and US-based Neoware and Packeteer.
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