SOURCE: Searchlight Solutions Ltd.

Searchlight Solutions Ltd.

October 05, 2011 16:15 ET

Linux Labs Unveils Strategy for Its SaaS Business With Full Launch Targeted for Next Quarter; Software as a Service (SaaS) Market Forecasted to Reach $40.5 Billion by 2014

ATLANTA, GA--(Marketwire - Oct 5, 2011) - Searchlight Solutions Ltd. (PINKSHEETS: SLLN) subsidiary, Linux Labs International, Inc., today unveils a strategy to tackle the underserved scientific community with a new Software as a Service ("SaaS") platform, commencing with a solution for the NIST FDS fire dynamics simulator. Although currently in alpha and testing with a limited number of clients, the service is targeted to fully launch in the first quarter of next year.

A recent International Data Corporation (IDC) study shows that the Software as a Service (SaaS) market had worldwide revenues of $13.1 billion in 2009. IDC forecasts the market to reach $40.5 billion by 2014, representing a compound annual growth rate of 25.3%.

Linux has over a decade of experience in deploying FDS cluster computer solutions for clients such as ARUP (www.arup.com). With this new strategy, Linux plans to provide an FDS SaaS solution that would provide efficiencies and cost savings for future clients, from industries such as Engineering, Educational institutions, Gas, Chemical and Government agencies like FEMA.

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

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