London, United Kingdom – 16 November 2009: Rosslyn Analytics, a technology company that specializes in spend analysis, today announced that its flagship SaaS cloud solution, RA.Pid® Enterprise, has won four industry awards in a single month:

Winner at The ICT Excellence Awards for the “Best Innovative Service” of the year
Winner at the Global Business Excellence Awards for “Outstanding Analytical Solution”
Winner at the Best Business Awards for “Best Innovation”
Medallist at the BCS & Computing 2009 UK IT Industry Awards for the “Best New Product Developed in the UK”

“Rosslyn Analytics’ commitment to bringing to market an innovative spend analysis solution that delivers real, measurable value to organizations has been recognized by industry experts,” said Charles Clark, CEO of Rosslyn Analytics. “RA.Pid Enterprise, by incorporating the latest data extraction and cloud computing technologies, proves that spend analysis is more than just a tool, it’s a business-critical working asset that helps procurement and finance teams immediately improve corporate performance.”

RA.Pid® Enterprise is a fully-managed spend analysis solution that helps business users to quickly identify cost savings, improve profit margins, manage risk, shorten sourcing cycle times and boost employee performance by automating the management of spend data via its award-winning web-based automated spend analytics platform, rapidintel.com. Organizations that use RA.Pid® Enterprise can achieve a return on investment within eight weeks. This is possible because there is no need to deploy software or hardware, or hire consultants.

Commenting on Rosslyn Analytics’ win, Mike Musson, ICT Cluster Manager, said: "Rosslyn Analytics has utilized some of the latest technologies that are helping to reduce the cost of innovation and added unique analytics to create a well founded solution that can be applied very quickly. In addition to creating the technology, they have developed a strong ‘go-to-market strategy - both directly and through partners. Combined, Rosslyn Analytics’ proposition is commercially very appealing as it can be implemented rapidly and offers a relatively quick return on investment. The timing is perfect in the current environment."