US +1 770-622-2850;   EU +44 (0) 12-1286-4600

Double-digit growth underlines value of Vector Networks' IT Management Solutions family

January 12th, 2009 — Atlanta and Montreal — In a snapshot review of its IT Asset and Service Management solutions, Vector Networks Inc is able to report 20+% year on year growth in Q4 retail sales value for its North and Central American markets.

Kevin Kiley, VP Sales and Business Development – “We were expecting a tough six months from July to December as uncertainties about the global economic situation spawned a ‘wait and see’ attitude to new IT projects. Although we did see some projects postponed in the Fourth Quarter of 2008 while organizations re–evaluate their forecasts, maintenance renewals have been solid and we’ve seen existing installations expanded. Additionally, the average size of our new installations has continued to grow during this period.”

Kiley concludes, “With the market's increasing emphasis on integration between asset and service management functions, and continuing interest in our RFID–based asset location tracking, I think we are well placed to continue sales and profit growth even through these turbulent times. This is one time when our lack of dependence on any market verticals such as the financial sector is a real boon.”

At the same time, new content has been added to describe the Components in more detail than before. This two-tier approach allows Solutions descriptions to be kept brief, focussing on business issues and the key deliverables of each Solution.

Kevin Kiley, VP Sales and Business Development — “As our solution set continued to expand, we knew a fresh approach was needed to convey the depth of our software to new visitors to www.vector-networks.com. I think our team has done a great job in communicating the power, flexibility and enterprise scalability that characterizes our solutions, without burying the visitor in content.”

“We are also seeing increasing internationalization of our customer base, so decided to work with a European design company to achieve a site that worked for both the USA and the expanding European market. Working with Kaweb (www.kaweb.co.uk), in central UK, we found other practical benefits in that we could request changes late in our day, and they'd be ready for us to look at over the first coffee the following morning.”

About Vector Networks

Based in Atlanta, Vector Networks specializes in solutions for desktop asset and service management. Its PC–Duo brand is synonymous with high–quality enterprise–grade remote control. Vector Networks solutions have been installed and supported in over 20 countries since the company's formation seventeen years ago. With development teams in Montreal and Russia, and a highly mobile sales and support team, the company understands the needs and challenges of multi–site organizations.

Since forming a Security division in 2006, Vector Networks has also specialized in providing solutions which integrate RFID–based location tracking with IT asset management, effectively forming a bridge between asset security and asset management functions. For further information, visit www.vector-networks.com, or contact the company at itassetsecurity@vector-networks.com.

Media Contact:
Keith Ruggles
kruggles@vector-networks.com
+ 1 770 622 2850