Searchlight to Ramp Up Operations Plans as Growth of Cloud Computing Accelerates; Cloud Market Estimated to Grow to $241 Bill...
October 26 2011 - 3:05PM
Marketwired
Searchlight Solutions Ltd. (PINKSHEETS: SLLN) today announces it is
planning to ramp up its operational deployment to ensure it is well
positioned to take advantage of the forecasted increase in demand
for cloud based services.
An article from the Wall Street Journal cited a report by
Forrester Research that "The global market for "cloud computing" is
going to increase from about $41 billion in 2011 to $241 billion in
2020."
http://blogs.wsj.com/digits/2011/04/21/more-predictions-on-the-huge-growth-of-cloud-computing/
The article further went on to state the following:
- It's clear that cloud computing is one of the "next big things"
in tech.
- It's going to be a "significant contributor to the size and
growth of the tech industry overall," wrote Forrester researchers
Stefan Ried and Holger Kisker.
- The big growth will happen when businesses, rather than regular
people, move things like email and other tech services to the
"cloud."
Additionally a 2011 Cloud Research report by Morgan Stanley
stated the following:
- Cloud Computing Takes Off.
- Market Set to Boom as Migration Accelerates.
- Cloud Impacts: Stronger than Investors Anticipate.
http://www.morganstanley.com/views/perspectives/cloud_computing.pdf
The Company believes its High Performance Cloud Computing (HPC2)
services under development and in beta programs will provide a
great competitive advantage to pursue the cloud computing market
growth opportunity.
About Us:
Searchlight Solutions Ltd. (PINKSHEETS:
SLLN) is a technology venture holding company that provides
business development and high level management services for early
stage technology companies who are pursuing the benefits of the
public marketplace.
Searchlight Scientific Inc. is a next
generation data services company focusing on developing and growing
cloud based solutions to solve tomorrow's computing challenges.
www.searchlightscientific.com
Linux Labs International Inc. is a hybrid
engineering firm specializing in technologies that expand the field
of high performance supercomputing. Linux Labs designs and builds
high-performance supercomputers utilizing their proprietary
NimbusOS™. www.linuxlabs.com
FORWARD-LOOKING STATEMENT
DISCLAIMER Forward-Looking Statements: The statements in this
press release or on the Company's website and any other statements
relative to the Company, which are not historical facts, are
forward-looking statements -- that is, statements related to
future, not past, events. These statements may be identified by
words such as "expects," "looks forward to," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," "will,"
"project" or words of similar meaning. Such statements are based on
the current expectations and certain assumptions of the Company's
management, and are, therefore, subject to certain risks and
uncertainties, including but not limited to, costs and difficulties
related to the state of the Company's current operations,
applicability of the Company's technology, costs, delays, and any
other difficulties related to the Company's business plan, the
company's sources of liquidity, risks and effects of legal and
administrative proceedings and governmental regulation, future
financial and operational results, competition, general economic
conditions, marketability of the Company's products and services,
and the ability to manage and continue growth. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes may vary materially
from those indicated. A variety of factors, many of which are
beyond the Company's control, affect the Company's operations,
performance, business strategy and results and could cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements. We undertake no obligation to revise or
update such statements to reflect current events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Searchlight Solutions (866) 230 4056 Email
Contact www.searchlightscientific.com
Searchlight Solutions (CE) (USOTC:SLLN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Searchlight Solutions (CE) (USOTC:SLLN)
Historical Stock Chart
From Nov 2023 to Nov 2024