ISELIN, N.J., Jan. 29, 2008 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN:A0B7RZ) announced today the acquisition of a new consulting engagement with a Fortune 500 pharmaceutical company. SoftNet recently reported its 2008 "go to market" strategy in which the Enterprise market is a strategic focus. SoftNet has targeted the Life Sciences sub-vertical as a major sector of that market.
SoftNet's solutions professionals will provide project management services for this engagement. The SoftNet team will manage a wide array of tasks including ITIL consulting covering service strategy, service design, service transition, service agreements, metrics and reporting as well as overall process review, breakdown and remediation.
"This engagement is an example of SoftNet's recently announced strategic focus in action. The Company continues to partner with existing and prospective clients with regard to technology solutions that drive corporate growth. In keeping with SoftNet's client confidentiality policies, we do not disclose exact terms of any engagement. However we anticipate that the project will be approximately 6 months in duration with the opportunity for additional follow-on. More importantly, it expands our Life Sciences sub-sector of our enterprise vertical market," reported Joe Luminoso, VP Infrastructure.
Jim Booth, SoftNet's CEO, commented, "We are pleased with this engagement as it demonstrates the focus we can bring to bear on both our Infrastructure Solutions and Application Delivery practices. Our strategy is to build SoftNet as a brand that stands for both quality and expertise in the most important sectors of the economy. Life Sciences is an industry in which we intend to make our mark through relationships with world class companies."
SoftNet Technology Corp. is a professional services company offering services and solutions to large enterprises with technology dependent business/service models. SoftNet's solutions are organized in two practice specialties, including Infrastructure Services & Solutions and Application Delivery. SoftNet addresses three target vertical markets: Global 2000 companies, communications service providers and local, state and federal government agencies. The Company maintains strategic relationships with best of breed technology companies such as NetApp, Dell and Microsoft.
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact the company directly at 908-212-1799, Jim Booth,CEO or Dennis Goett, CFO.
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