Vancouver, BC (PRWEB) December 3, 2007
Yahoo! has partnered with TechTrack Solutions Inc. http://www.techtrack.com, a leading IT Asset Management Software company that develops and markets a highly configurable web-based barcode asset tracking solution that helps organizations track the life cycle of their IT assets and eliminates the use of spreadsheets and homemade databases for asset tracking. Techtrack is focused on helping organizations successfully implement and maintain their IT asset management (ITAM) solutions. With an effective asset management system, growing organizations, like Yahoo! Inc., can gain control of their new, existing and retired IT assets and save their organization millions of dollars.
Yahoo! is the largest global online network of integrated services in the world. Its North American data centers have experienced a growth rate of 52% per year over the past three years. Along with the new people added to the company in this time also came new hardware and software. With such rapid expansion, the company felt it was time to conduct a thorough reconciliation of its IT assets.
Since its last IT reconciliation three years earlier, Yahoo's IT assets had grown quadrupled. In addition to tracking current inventory, the company also needed to address inconsistent monitoring of its retired assets. Instead of relying on internal resources, who lacked specific expertise in efficient collection and storage of asset data, Yahoo! turned to the Techtrack for their Data Harvest™ solution. Techtrack's Data Harvest is a unique approach to IT asset management, which includes a physical inventory of IT assets, bar coding and reconciliation of the backend ledger.
Kevin McGrew, President and CEO of Techtrack Solutions says, "We were very excited when Yahoo!, one of the largest Internet Giants needed our help with their IT and fixed asset control. This was a very extensive project but with our technology behind the data gathering we were able to do this project with speed, accuracy and well below our competitor's fees."
In the Yahoo project, barcode scanning technology was used to eliminate errors in data capture that can occur with manual systems. In just nine weeks, the project was completed, with a data capture rate of 98.8%, well above the industry average of 60%. With the Data Harvest process, Yahoo! was able to tag all existing and new assets, compile a complete inventory of assets, and create a current and accurate ledger with full accounting of retired assets.
TechTrack Solutions Inc. is a privately held Information Technology Asset Management (ITAM) Software company headquartered in Vancouver, British Columbia, Canada. Over the past 10 years, Techtrack has been delivering IT asset management solutions solving customers' business problems as they relate to asset management. Their core areas of expertise are in asset management and asset tracking software, asset life cycle best practices, physical inventory and reconciliation services. Techtrack provides asset tracking and management solutions to leading organizations throughout North America including fast growing FORTUNE 1000 companies such as Yahoo!, Electronic Arts, Expedia, Salesforce.com, NASDAQ Stock Exchange and HP. For more information on Techtrack or to contact an ITAM solutions expert please visit http://www.techtrack.com.
For more information contact:
604 684 5002
This news release is not, and under no circumstances is to be construed as, an advertisement, solicitation or offering of securities of Techtrack Solution Inc. The statements made in this news release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.