KING OF PRUSSIA, Pa. and IPSWICH, Suffolk, UK, Oct. 31, 2005 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of enterprise software, thin client appliances and related services, and Getech, Limited, the leading distributor and service provider for thin client desktops in the UK market, today announced a new distribution partnership to capitalize on the growing thin client market in the UK.
Under the terms of the partnership, Neoware and Getech will collaborate to strengthen their marketing, selling and support efforts to provide greater resources for resellers, VARS, and thin client customers throughout the UK. Getech has created a dedicated Neoware sales force and will provide logistics, support and warranty services to its Neoware customers to enhance customer service levels. Neoware will expand its UK-based service offerings, including providing local engineering and customization services. These new offerings will be available to thin client customers through Neoware's entire distribution channel in the UK.
This new partnership comes as Neoware is increasing its own investments in the UK market and other geographies in an effort to increase market share gains. Neoware is retraining and adding staff at its Bracknell and Milton Keynes locations to capitalize on growing demand for thin clients in the UK market. According to IDC, the thin client market is projected to grow by a compound annual rate of greater than 20% from 2005 to 2009, significantly outpacing the growth rate of the overall PC market. Over the last five years, Neoware's share of the worldwide thin client segment of the PC market, including organic growth and acquired businesses, has grown five-fold from approximately five percent to nearly 25 percent, as other primary competitors' total share has dropped.
"We are pleased to partner with Neoware and to expand our commitment to providing the best thin client solutions to our resellers and other partners," said Tina Blockley, Managing Director for Getech. "Getech is committed to providing the best thin client solutions available, and we are confident that our new partnership with Neoware will enable our customers to have access to the widest range of thin client and software solutions."
"Neoware is very pleased to expand its partnership with Getech to provide the best server-based and thin client solutions," commented Michael Kantrowitz, Chairman and Chief Executive Officer for Neoware. "With our recent acquisitions in Germany and France, and now our increased investments and new partnership with Getech in the UK, we believe that we are better positioned than any competitor to support our customers and to help them realize the benefits of server-based thin client computing."
Neoware thin clients and software enable enterprises to improve the security, manageability, and reliability of their desktops, while reducing both up-front and ongoing costs. Because Neoware thin clients can be secured, and because applications run on central servers, Neoware thin clients can be made virtually immune from standard PC viruses and other security threats, significantly improving information security, reliability and backup/recovery operations. Using Neoware management software, which can be integrated with industry-standard PC management tools such as Microsoft SMS, IBM Tivoli, or Altiris, a system administrator can manage tens of thousands of Neoware thin clients without traveling from desk to desk, lowering administrative costs. Neoware thin clients start at 129 pounds, significantly lower than the cost of the typical business PC.
The full range of Neoware thin clients and software are available immediately from Getech. Getech can be reached on (01473) 240470 or by email at info@getech.co.uk.
About Getech
Getech Limited is presently the number one thin client distributor in the UK, and one of the UK's largest independent value added distributors and maintainers of desktop devices. Getech executes a sales, support and logistics structure which is totally focused on developing on-going relationships with the reseller community. A major reason for Getech's success is its unrivalled commitment as a value added distributor to the reseller channel. Getech Limited headquarters are located in Ipswich, UK. Getech has a current turnover of over 30m pounds and a staff of over 100.
About Neoware
Neoware (Nasdaq:NWRE) is the leading provider of enterprise software, thin client appliances, and related services that make computing more open, secure, reliable, affordable and manageable. By employing open technologies and eliminating the obsolescence built into standard personal computer architectures, Neoware helps enterprises leverage server-based computing architectures to increase security and reliability, enhance flexibility, as well as lower their total cost of ownership.
Neoware's software products enable enterprises to gain control of their desktops, stream software on-demand, and to integrate mainframe, midrange, UNIX and Linux applications with Windows(r) environments and the Web. Its thin client appliances and software enable enterprises to run applications on servers and display them across wired or wireless networks on secure, managed, reliable appliances that cost as little as one-fourth the price of today's typical business personal computer. The company's global development, services, and support provide customers with customized solutions that facilitate their specialized computing needs.
Neoware's products are available worldwide from IBM, as well as from select, knowledgeable resellers. More information about Neoware can be found on the Web at http://www.neoware.com or via email at info@neoware.com. Neoware's global headquarters is in King of Prussia, PA.
Neoware is a registered trademark of Neoware Systems, Inc. All other names products and services are trademarks or registered trademarks of their respective holders.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding: our partnership with Getech; the expansion of our UK-based service offerings; our increased investments in the UK and other markets in an effort to further our market share gains; our plan to retrain and add staff in our UK locations; our efforts to grow the thin client market in the UK; and the growth of the thin client segment of the PC market in the UK and elsewhere. These forward-looking statements involve risks and uncertainties. Factors that could cause our actual results to differ materially from those predicted in such forward-looking statements include: our ability to maintain our relationship with Getech and the success of the relationship; the timing and receipt of future orders; our timely development and customers' acceptance of our products; pricing pressures; rapid technological changes in the industry; growth of overall thin client sales through the capture of a greater portion of the PC market, including sales to large enterprise customers; our dependence on our suppliers; our continued ability to sell our products through IBM and Lenovo to their customers; increased competition; our ability to attract and retain qualified personnel, including the former employees of the businesses we acquired and our employees in the UK; the economic viability of our suppliers and channel partners; adverse changes in customer order patterns; our ability to identify future acquisitions and to successfully consummate and integrate recently completed and future acquisitions; adverse changes in general economic conditions in the U.S. and internationally; risks associated with foreign operations; and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Neoware's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-K for the year ended June 30, 2005.