CORPORATIONS CUT COSTS BY OUTSOURCING Tuesday 8 January 2002 PDF Print Analyst Firms Say IT Outsourcing Market To Grow To $160 Billion by 2005 London - January 8, 2002 - Corporations looking to lower expenses in 2002 are increasingly outsourcing key IT projects such as the management of their Web site infrastructure according to leading technology market research firms. According to a December 2001 forecast released by Gartner Inc., the North American IT outsourcing market will grow from $101 billion last year to nearly $160 billion by 2005. Driving this growth is the need for corporations to lower IT spending by decreasing IT assets and human resources while converting unpredictable costs into fixed costs. Corporations can save between 25 and 80-percent of their Web site infrastructure costs by outsourcing their Web site infrastructure to a service provider, according to a report issued last year by Forrester Research. Loudcloud, Inc. (NASDAQ: LDCL), the leading managed services provider, provides corporations with a comprehensive suite of managed services, which simplifies the outsourcing of an Internet site with a high degree of control. By outsourcing the operational aspects of their Web site, Loudcloud's customers will save close to $70 million during the life of their contracts. Loudcloud's services are powered by its unique Opsware automation technology and backed by Loudcloud's award-winning service level agreement (SLA) that ensures a corporation's Web site is available 24x7x365. For more information on how Loudcloud's services can lower the total costs of running and managing a Web site, please visit http://www.loudcloud.com For more information regarding the market analyst reports, contact the respective analyst firms. For press inquires contact: Hannah Summers Éclat Marketing T: 01189 89 5600 M:07767 65 7716 This press release was distributed by ResponseSource Press Release Wire on behalf of eclat Marketing in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.