Incorporated in 1994, IceWEB was highly successful in the federal computing space working with unstructured geospatial data, as well as managing and storing block data as an ASP in the enterprise and federal space. The company was twice named Inc. Magazine’s Inc. 500 Fastest Growing private US corporations and was recognized as Deloitte & Touche Technology Fast 500 North American public or private technology companies.
Following on this success, the company developed and expanded on the rich storage management features to bring to market a versatile, all-inclusive storage system aggressively priced for the commercial mid-market space. The IceWEB Storage System is a high-performance unified storage platform for file and block data of all kinds that’s easy to install, and provides built-in, all-inclusive storage management features including de-duplication; unlimited snapshots; thin provisioning; local or remote, real-time or scheduled replication; capacity and utilization reporting, and VMware integration.
May 24 - IceWEB Recurring Maintenance Renewal and Engineering Service Contracts Gaining Significant Traction as Digital Footprint Approaches $10,000,000
Company to Rollout Innovative Extended Value Support Program (EVSP)
IceWEB, Inc. (OTCBB:IWEB.ob - News), www.iceweb.com, a leading provider of Unified Data Storage and building blocks for cloud storage networks, has announced that its digital footprint is quickly approaching $10,000,000 and estimates that deferred maintenance revenue will be approximately 15% of revenue over the next 12 months to maintain, upgrade and support systems with expired warranties.
In order to meet growing service demands with flexible options, the Company will roll out its innovative Extended Value Support Program (EVSP™). EVSP is a hybrid service product that customers can utilize to acquire services on an as needed basis. Unlike traditional service and maintenance contracts, IceWEB customers can pre-purchase a discounted block of hours (I-Units) that never expire. These I-Units give customers the flexibility to pick and choose services in an a la carte fashion.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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