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Technology Stocks : Tangram Enterprise Solutions (TESI) New Release Soon!?!
TESI 0.0650+209.5%Oct 14 3:44 PM EST

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To: Troy L. Hilsenroth who wrote (75)1/27/1998 1:37:00 PM
From: Troy L. Hilsenroth  Read Replies (1) of 120
 
MORE GROWTH

Year 2000 Wire/Tangram's VAR's Sign Deals For 50,000 Nodes of Asset Insight

BusinessWire, Tuesday, January 27, 1998 at 12:42

CARY, N.C.--(BUSINESS WIRE)--Jan. 27, 1998--Tangram Enterprise
Solutions, Inc. (NASDAQ:TESI) announced today that its indirect
sales force recently signed sales agreements with multiple
organizations for 50,000 nodes of Asset Insight(TM), Tangram's
enterprise Information Technology (IT) asset tracking system.
Financial terms of the agreements were not disclosed.
The sales agreements were coordinated through Tangram channel
partners including, aligne, inc., CompuCom, EDS, Janus Technologies,
Unicom MicroAge, Vanstar and XLConnect.
The newest users to deploy Asset Insight include: a leading
enterprise software developer, several major banking institutions, a
Fortune 500 chemical company, a telecommunications concern, several
well-known electronics manufacturers, and a Canadian insurance
company.
Launched in the fourth quarter of 1996, Asset Insight is an
automated and robust asset tracking system that is used by a growing
number of organizations to track and monitor current and historical
hardware, software and configuration information and associate this
information with desktop users and departments throughout the
distributed enterprise. Decision support business analyses generated
by the software can be used to: pinpoint where departmental and/or
company-wide Year 2000 hardware and software risks reside, cost-out
the fixes and proactively manage them; plan for future technologies;
discover excess equipment no longer in use; manage software licenses
and equipment upgrades, and optimize end-user productivity. Further,
asset information collected by Asset Insight can be integrated with
other leading software suites and shared with other business and
technology management systems and departments throughout the
enterprise.
Jim Taggart, Tangram's Director of VAR Channel Operations said
company officials are pleased with the corporate community's response
to Asset Insight.
"In today's global economy, where competitive advantage can mean
the difference between success and failure, having the ability to
track current and historical information on IT assets
organization-wide, as Asset Insight does, is a critical need,"
Taggart explained. "For this reason, organizations have been quick
to embrace the proven advantages Asset Insight brings to the
enterprise, as well as the outstanding return-on-investment it
contributes to the bottom line."

About Asset Tracking

According to a recently published report by the Gartner Group, by
the year 2002, 75 percent of organizations with more than 1,000
desktops will have initiated asset-tracking programs. Gartner says
most organizations use asset tracking as a way to control IT costs,
incorporate new technology and maximize existing IT equipment for
their employees. By tracking technology, Gartner states
organizations are better positioned to secure volume discounts on
purchases, manage software licenses, monitor assets used for
telecommuting, and discover excess equipment no longer in use or sold
years ago. They can also use the information to determine precisely
where money was spent and plan for future technology migrations.
Recent studies conducted by industry analysts have shown that
asset tracking software solutions like Asset Insight can save
corporations upwards of 20 percent annually off their IT budgets.
Tangram, which pioneered the software used in enterprise-wide asset
tracking, says the industry is reported to be worth at least $2
billion.
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