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Software comapny looking for capital to expand innovative solution
Posted by:
Greg Shoff
on 5/9/2008 5:11:03 PM
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Funding Needed
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Above $1mil
Category:
Software / Computers
Website :
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Location :
San Rafael,
California,
USA
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Description:
Jade360, a very exciting early stage company solving the massive problem of “IT Waste”.
“As Much as 25% Wasted in IT Spending.” Gartner, Barbara Gromolski, Jan 9, 2008
IT Infrastructure Products – Hardware, Software, Maintenance & License Agreements
• Global $1.7 Trillion
• US $560 Billion Source: Forrester, February 11, 2008
These 2 statistics mean that the “IT Waste” Market is $400+ Billion Worldwide and $140 Billion in the United States alone.
$400+ Billion Worldwide and $140 Billion in the United States alone wasted on outdated, incompatible, underutilized and inefficient IT Assets.
$400+ Billion Worldwide and $140 Billion in the United States alone wasted on unnecessary, over priced and outdated IT upgrades, support and maintenance contracts.
JADE 360’s STILETTO solution is the only GUARANTEED solution which marries internal asset management inefficiencies and excessive expenses with hard costs to generate real time usage and cost savings information. If Jade 360’s STILETTO solution does not identify, notify and quantify IT Waste, the Client Pays Nothing.
STILETTO’s customer base includes: a Global OSS Provider, a Major University , a Regional Telecom Operating Company, an International Calling Gateway Company and a Mediation Software Company.
JADE 360 is seeking Series A funding to complete its transition to a fully scalable Product company delivered on a SaaS platform.
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