Softlayer Technologies, Inc. Subscribes to the Financial Radar Screen for Economic Value Added (EVA) Analysis and Reporting
Locust Valley, NY—September 30, 2008—EVA Dimensions LLC (www.evadimensions.com) today announced that Softlayer Technologies, Inc. has chosen its Financial Radar Screen (FRS) software solution to support its value-based management initiative. The webhosting provider, which last reported annualized revenues of $33 million, will be using the software to include a customized FRS report package as part of an on-going performance management and reporting process. In addition, they will include analysis from the FRS system as an integral part of their budgeting, forecasting and overall planning process."As a rapidly growing private company, it crucial that we evaluate the quality of our growth," said Gary Kinman, Vice President, Accounting and Finance for Softlayer Technologies, Inc. "EVA Dimensions software gives us the tools to understand whether our significant infrastructure investments yield desirable results both now and in the future."G. Bennett Stewart, Chief Executive Officer for EVA Dimensions, said, "We are excited to partner with Softlayer Technologies to enhance their current performance measurement analysis and bring an economic profit perspective to their budgeting and forecasting process. As a fast growing and asset intensive company, the inclusion of a value-based metric will give tremendous opportunities for growing profitably."
About EVA Dimensions
EVA Dimensions was founded in 2006, when it acquired Stern Stewart’s EVA brand and related technologies in financial benchmark data, performance management software, valuation modeling, and investment management and research. EVA Dimensions has harnessed the analytical firepower of Economic Value Added (EVA) through the Financial Radar Screen (FRS) software solution that for the first time automates, standardizes and sustains true value-based financial management. FRS automatically transforms conventional accounting data into penetrating measures of return on capital and economic profit that are more closely tied to creating shareholder wealth than any other measures.
About SoftLayer Technologies
Headquartered in Dallas, SoftLayer is the innovation leader in Cloud, Dedicated, and Managed Hosting, and the largest private hosting company in the world. SoftLayer provides cloud, dedicated, and seamlessly integrated computing environments, with world-class data centers in Dallas, Houston, San Jose, Seattle, and Washington D.C., and network Points of Presence nationwide. The company integrates and automates all elements of its platform, empowering enterprises of any size with complete control, security, scalability, and ease-of-management via a leading Customer Portal and Open API. For more information, please visit www.softlayer.com or call 866.398.7638.
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