Newsrelease on GE Capital IT
I have been following NVDM for a while now and think they will make it back to the high teens. I won`t discuss my average price but I wanted to buy at 4, only I didn`t have any cash.
here is the news release:
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GE Capital IT Solutions Selects Novadigm Technology as Basis for
Software Management Service Offering
BusinessWire, Wednesday, July 09, 1997 at 10:20
MAHWAH, N.J.--(BUSINESS WIRE)--July 9, 1997--
EDM Automation Enables Leading TCO Vendor To Improve Customer
Service Levels With Fewer Staff
Novadigm, Inc. (NASDAQ:NVDM) today announced its Enterprise
Desktop Manager(TM) (EDM) software deployment and configuration
management product has been selected by GE Capital IT Solutions as
that vendor's preferred software management solution worldwide. With
the agreement, GE Capital will rely on EDM as its key enabling
technology for the delivery of the software management elements of
its Enterprise Management Services offering. The selection follows
extensive field evaluations involving 4,500 workstations and personal
computers over the last six months.
As the true costs of managing personal computers are realized,
companies are increasingly looking to reduce costs and increase
efficiency by engaging external service providers, such as GE Capital
IT Solutions, to manage the deployment and ongoing maintenance of
hardware and software. Forrester Group estimates suggest as many as
80% of organizations will outsource these tasks over the next few
years.
"Outsourcing the life cycle management of personal computers
makes sense since it allows IT professionals to eliminate the expense
and difficulty of performing tasks which, for most companies, are not
core competencies," observed Glenn Corcoran, National Manager of
Enterprise Management Services, at GE Capital IT Solutions Canada.
"Of course, by assuming responsibility for the 'care and feeding' of
the customer's technology environment, we commit to providing
specific service levels -- and failure to achieve those targets
presents economic and business penalties," Corcoran added. "With
EDM, the high level of automation and sophistication the tool offers
allows us to be more aggressive in setting service levels with our
customers, and more confident of our ability to achieve them."
"The patented capabilities of EDM which allow it to establish and
maintain the desired-state of any number of desktop configurations
make it an excellent solution for organizations seeking to reduce the
total cost of ownership of their personal computing assets," said
Stuart Jacobson, Executive Vice President at Novadigm. "By
establishing this relationship with GE Capital IT Solutions, a
leading service provider, we've significantly extended our
capabilities to license EDM solutions to customers in this large
emerging marketplace. We look forward to working with GE Capital IT
Solutions and its customers."
About Novadigm
Novadigm, Inc. of Mahwah, New Jersey (NASDAQ: NVDM) is not
affiliated with Novadyne Computer Systems, Inc. Novadigm provides
automated software management solutions which reduce the cost and
complexity of managing changing enterprise client/server and Internet
computing environments. The company's products now automate the
management of distributed software for industry leaders in the
financial services, government, telecommunications, health care,
transportation and utilities industries. Headquartered in Mahwah New
Jersey, Novadigm operates sales and service centers across North
America, Europe and the Pacific Rim. For more information on
Novadigm, access its World Wide Web site at novadigm.com
or call (800) 626-6682.
Note To Editors -- All product, trademark, company, or service
names mentioned herein are the property of their respective owners.
CONTACT: Novadigm, Inc.
Dale Gardner, 703/771-6074
URL: novadigm.com
or
Upstart Communications
Frances Mann-Craik, 408/730-8780
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
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Companies or Securities discussed in this article:
Symbol
Name
NASDAQ:NVDM
Novadigm Inc
E
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