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QED Connect, Inc.: QED Connect Announces Software License Manager to Be a Value Add Option for the Asset Management Application

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^{Published in Business and Finance on Tuesday, May 26th 2009 at 6:28 GMT, Last Modified on 2009-05-26 06:29:32 by Market Wire}  

MANCHESTER, NH--(Marketwire - May 26, 2009) - QED Connect Inc., (PINKSHEETS: [ QEDN ]), an innovative software-as-a-service (SaaS) provider for the information security market, today announced that the company will introduce a SaaS-based Software License Manager (SLM) product. The application will enable centralized management of software licensing whether users are on or off network and is aimed at increasing revenue through channel partners: Manage Service Providers (MSP), Internet Service Providers (ISP) and Telco.

Recent market surveys estimate that American companies will spend nearly $160 billion on software purchases in 2009 and another $100 billion on software maintenance. Dell Modular Services estimate that those companies on average overspend on software licenses and maintenance by 30%. IT executives struggle to manage software and face multiple challenges, including poor visibility into remote assets, the inability to ensure the security of PCs, and the failure to deliver support on a consistent and cost-effective basis. Very few small to medium businesses have the cross-functional expertise and knowledge base for controlling software licensing.

QED's application will offer an integrated package from purchase to obsolescence. First delivery is scheduled for late 3rd quarter 2009.

About QED Connect, Inc.

QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's SaaS, Omni Manager, is an affordable way to monitor and manage how employees are using company computers and the Internet any time, any location; solving problems created by today's 'virtual' work environment (branch offices, remote workers, traveling employees). Omni Manager is a web-hosted software application that includes Internet filtering and blocking, antivirus, instant messaging management, asset tracking, application usage monitoring and policy management. ROI is delivered by employee productivity gains, cost savings and improved operational efficiencies. [ www.qedconnect.com ].

Safe Harbor Statement

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of QED Connect, Inc., (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or strategic business arrangement to fund expansion plans; (ii) build management, human resources and infrastructure necessary to support growth; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.