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For the record 11 June
Monday, June 11 2001
by Paula Mythen


Xiam launched new versions of its flagship product, the Xiam Information Router |
Gartner Group claims information security costs will increase ten times by 2011

Siebel Systems announced that Morgan Stanley has licensed Siebel eBusiness
Applications for use by its Investment Banking Division. With the implementation
of Siebel eBusiness Applications, Morgan Stanley bankers may view and share
information about their corporate clients with team members across departments
and around the globe.  This real-time view will facilitate greater
collaboration and management of complex institutional relationships.



Xiam launched new versions of its flagship product, the Xiam Information
Router.  Version 2 of the Xiam Information Router features a number of
enhancements, such as increased flexibility and enhanced access control features.
The Xiam Information Router solution has been adopted by a number of mobile
operators and large organisations worldwide, allowing them to access and update
information held on their corporate networks. The software enables enterprises to
route business critical information held on a wide variety of corporate servers
seamlessly and securely to their mobile users by SMS and WAP.  



Trintech Group announced Reitmans (Canada) Limited selected the Trintech
ReconNet solution for reconciliation and daily depository verification. ReconNET
automates reconciliation requirements for debit cards, credit cards, cash
deposits and disbursements, as well as providing research and resolution tools
for outstanding issues. 



Gaming Internet Plc, the digital media rights and interactive gambling
products business, announced that its joint venture partner, Harrods Online
Limited, has signed a two year marketing agreement with MSN.co.uk for an on-line
casino. The Harrods Casino will be the first on-line casino and gaming product on
MSN's UK portal and will be available to MSN's Web site users from mid June.



Psion has formed a new company called Signa Services. Signa provides
comprehensive Wireless Local Area Network (WLAN) specification, installation and
management services on a global basis.  Signa draws on Psion Teklogix's
market-leading technology and expertise in wireless networking to offer corporate
customers and system integration partners tailored hardware-neutral, WLAN
solutions.  



Siebel Systems announced the availability of Siebel Sales Handheld on the
Microsoft-powered Pocket PC for the Compaq iPAQ Pocket PC. This combination
extends Siebel eBusiness Applications to the point of customer contact, allowing
mobile sales professionals to access vital sales, marketing, and service
information anytime, anywhere.  

    

According to the Gartner Group, on average, only 0.4 percent of a
company's revenue is dedicated to information security in the United States. By
2011, however, that figure will increase by 10 times to four percent of revenue
for US companies, according to Gartner's Total Cost of Ownership Model for
Information Security. Gartner invented the business concept and practice of total
cost of ownership, and it is now a technology industry standard. Gartner total
cost of ownership models map the dozens, and sometimes hundreds, of components
that comprise the cost of purchasing, owning and operating technology over the
course of several years or over the life of the technologies themselves.
Information security expenditures include costs for people, hardware, software,
external services and physical security for all information security activities
within an enterprise.  According to the Gartner, by 2004, 80 percent of
enterprises will be using the Internet as an integral part of their business
processes. Half will experience a financially significant loss due to
Internet-borne incidents by that time.