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ASPs growing despite problems, IDC says
FRAMINGHAM, Massachusetts (June 4, 2001) -- Despite the challenges facing their industry, new research from IDC indicates that application service provider (ASP) revenues are growing at a compound annual rate of 89%, which should grow the market from $986 million in 2000 to nearly $24 billion by 2005.
ASPs are companies that rent access to applications over the Internet, which allows users to pay as they go rather than paying for application licenses up front. Among the obstacles being faced by the industry, however, are customer concerns about how their businesses will be affected if connectivity fails or if their ASP is sold or shuts down.
"Despite the well-publicized challenges facing the ASP market today, the ASP industry is moving beyond the days of hype and producing some real success stories," said Amy Mizoras, senior analyst for IDC's Applications and Application Service Providers research. "Our data clearly shows that ASPs are alive and kicking." IDC projects that the United States will remain the largest market for ASP services through 2005, but that Western Europe represents an emerging opportunity. ASP revenues in Europe have the potential to increase at a compound annual growth rate of 128%, to $5.7 billion by 2005. Contributing to the growth in Europe are the region's lack of skilled IT professionals and the sophistication of its service-level agreements, IDC says. "It's generally accepted that software as a service concept will become the accepted delivery model for application functionality," said Jessica Goepfert, senior analyst for IDC's ASP research program. "However, what is yet to be determined is who will be the dominant suppliers of these ASP services. This means that even the ASPs who are the current market leaders cannot afford to rest on their laurels." The full report is available for purchase from IDC by sending an e-mail to jnagle@idc.com. Airgas 3Q earnings per share increase 35% RADNOR, Pennsylvania (January 29, 2003) --Airgas Inc., (NYSE: ARG) today reported earnings for its third quarter ended December 31, 2002. Net earnings for the quarter were $16.7 million, or $0.23 per diluted share, compared to $11.8 million, or $0.17 per diluted share, in the same period a year ago. Praxair reports 4Q earnings per share of 85 centsDANBURY, Connecticut (January 29, 2003) --Praxair Inc. (NYSE:PX) reported fourth-quarter 2002 net income of $140 million and diluted earnings per share of 85 cents, up from $118 million and 72 cents per share in the prior-year quarter. e-epoxy.com celebrates two years in businessMIDLAND, Michigan (January 29, 2002) -- e-epoxy.com, a no-frills sales channel for epoxy products started by Dow Chemical, celebrated the second anniversary of its launch today. HAHT announces demand chain management softwareRALEIGH, North Carolina (January 29, 2003) -- HAHT Commerce has announced general availability of HAHT Commerce Suite 7.1 with three new bundling options for chemical, consumer products and discrete manufacturers. DuPont declares quarterly stock dividendWILMINGTON, Delaware (January 29, 2003) -- DuPont (NYSE: DD) today declared a first quarter common stock dividend of 35 cents per share, payable March 14, 2003 to stockholders of record Feb. 15, 2003. SPI Dynamics releases enterprise-wide web application security assessment product, WebInspect 3.0ATLANTA (March 10, 2003) - SPI Dynamics, provider of web application security assessment solutions, has released WebInspect 3.0, a web application assessment product specifically designed to address the needs of four groups within the organization, namely application developers, quality assurance professionals, security auditors and security operations professionals. CorrFlex Graphics, LLC to Acquire Chesapeake's U.S. Display BusinessRICHMOND, Va.--April 23, 2001--Chesapeake Corporation (NYSE: CSK) today announced the signing of an agreement by which CorrFlex Graphics, LLC, a leading provider of corrugated packaging and displays in the Eastern United States based in Statesville, N.C., will acquire the assets of the U.S. Display business of Chesapeake Display and Packaging Company, a subsidiary of Chesapeake Corporation. The transaction is scheduled to close in June 2001, subject to regulatory approvals, CorrFlex's financing and the other customary closing conditions. Chesapeake expects to use the proceeds of the divestiture to reduce its long-term debt. Eastman to utilize ProAct Technologies' Web-based HR software for business-to-employee operationsWHITE PLAINS, New York (April 23, 2001) – Eastman Chemical Company (eastman.com has formed a strategic agreement with ProAct Technologies (proacttechnologies.com/home), a developer of enterprise-wide software for Employee Relationship Management, to implement ProAct's Knowledge Management solution to drive business-to-employee efficiencies and increase productivity. Direct ERP connection now available from ElemicaPHILADELPHIA (April 23, 2001) – Elemica (elemica.com), an e-marketplace serving the chemicals industry, has announced that its Connected Solution (ERP-to-ERP network) is available to its 22 investors and will soon be expanded to include companies outside Elemica's investor base. Praxair Introduces Bulk Ammonia Delivery System With Industry Leading Flow RatesDANBURY, Conn.--April 23, 2001--Praxair, Inc. announced today it has developed and commissioned a high flow bulk ammonia system with flow rates up to 3 times higher than current semiconductor industry capabilities. National Iranian Oil Company -- NIOC -- Moves for Better Asset Utilization & Reduction of Operating Costs With HyprotechBARCELONA, Spain--April 24, 2001-- Exclusive Contract Will Implement a Comprehensive, Company-Wide Engineering Software Frame Including State-of-the-Art Steady State & Dynamic Simulation, Equipment Design, Process Improvement and Optimization New IT outsourcing model to integrate local and offshore resourcesPARIS (March 12, 2003) – Cap Gemini Ernst & Young (CGE&Y), Spain, a global leader in management consulting and IT services, has been selected by GE as a European Global Development Center (GDC) for IT services to a number of GE businesses. Air Products acquires Ashland's Electronic Chemicals businessLEHIGH VALLEY, Pennsylvania (September 02, 2003) - Air Products, materials and services solution provider to the semiconductor industry, has acquired the Electronic Chemicals business of Ashland, in a cash transaction valued at approximately USD $300 million. The acquisition has received the necessary regulatory approvals. Michigan Attorney General acts in Consumers Energy cases to fend off higher gas prices for ratepayersLANSING, Michigan (March 12, 2003) - Attorney General, Mike Cox, is taking action in two Consumers Energy cases before the Michigan Public Service Commission (MPSC) in order to reduce out-of-pocket costs to Michigan ratepayers. BASF selects EasyAsk to simplify and improve access to critical business informationLITTLETON, Massachusetts (March 11, 2003) – BASF, North American affiliate of BASF AG, has selected EasyAsk's technology to power a corporate portal effectively enabling employees to easily and quickly locate and retrieve business information and reports. New Microsoft Office System released to 500,000 beta 2 testersREDMOND, Washington (March 11, 2003) - Microsoft has begun distributing a half-million copies of the beta 2 version of the new Microsoft Office System to customers and partners worldwide. Fuel cell boat tested in Newport Beach, CaliforniaEATONTOWN, New Jersey (August 26, 2003) – What is claimed to be the world's first electric fuel cell water taxi powered by Millennium Cell's Hydrogen on Demand hydrogen fuel system, operated successfully in the Newport Beach, California harbor, as part of pre-launch testing. Ariel Research launches new regulatory module for chemical industryMCLEAN, Virginia (August 26, 2003) - Ariel Research, Environmental, Health & Safety (EH&S) regulatory compliance research company, has launched a new module designed to enable companies manufacturing, using or transporting chemicals across Central and Eastern Europe to mitigate their EH&S risk. ChemConnect and ForestExpress to linkHOUSTON, Texas (March 10, 2003) – Connection hub, ChemConnect, which assists customers to optimize their purchasing and sales processes for feedstocks, chemicals, plastics, and related products, and ForestExpress, the transaction processing network for the forest products and allied industries, are to connect to each other’s networks, enabling member companies of each hub to exchange electronic business documents without having to establish and maintain costly one-to-one connections. Rodel Partners With Clariant to Provide Slurry for Direct STI CMP ApplicationsPHOENIX--April 23, 2001--Rodel, Inc., an innovator of integrated materials for the microelectronics industry, has announced a partnership with Clariant Corporation to distribute and market the company's new colloidal silica-based slurry. Developed by Clariant, Elexsol(R) STS-2 will be used in CMP (chemical mechanical polishing) applications, including direct STI (shallow trench isolation). Elexsol STS-2 will begin shipping at the end of second quarter 2001.
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