Jericho, NY (PRWEB) July 19, 2009
SmallCapNewRelease now carries news on Blink Logic Inc., a leader in Software as a Service (SaaS) and on-demand Business Intelligence (BI). Blink Logic Inc. recently announced its debuting a fully integrated Microsoft Excel plug-in for its self service reporting analytical tools.
SmallCapNewRelease states that according to Blink Logic, their customers will now have the ability to not only pull data directly from the database but also merge into Microsoft Excel making it easier to format with existing reports and opening the the door to over 80 percent of all business which use some form of Microsoft Excel. In addition, customers will be able to upload 3rd party spreadsheets to collaborate with other users.
Gartner predicts that by 2011, 25% of all software sold will be SaaS-based, and Aberdeen Research surveys show that 32% of organizations have on-demand technology as part of their planned spend. McKinsey Group states that in 2008, SaaS was the single most important trend impacting the business of its clients. Companies like Salesforce.com have "mainstreamed" SaaS with great success.
In addition, Business Intelligence, once reserved for rarified analysts and experts, is now becoming the lingua franca of corporate performance. According to Gartner, BI is the second highest spending priority for IT in the next 12 months. SAP says that 69% of IT managers will invest in BI tools or analytical applications, and BI usage is expected to increase 130%, with dashboard use alone increasing 90% in the next 18 months
SmallCapNewsRelease Gainers are BioCryst Pharma, US Global Investors, Purple Communications, 1st Pacific Bancorp, Freddie Mac, Sport Chalet, Pansoft Company, and Carolina Trust Bank.
SmallCapNewsRelease Decliners are WHX Corporation, World Energy Solutions, Wilmington Trust, Willamette Valley, Continental Materials, Wave Systems, and Appalachian Bancshares.
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid SmallCapNewsRelease twelve hundred and ninety five dollars for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.