London, United Kingdom – 12 October 2009 Rosslyn Analytics, a technology company that specializes in spend analysis, today announced that its flagship software as a service solution, RA.Pid® Enterprise, is a finalist in the fifth annual West Midlands ICT Cluster - ICT Excellence Award for the “Best Innovative Service” of the year.

Today’s announcement is the second such industry recognition in weeks. Last month, Rosslyn Analytics was named a finalist in the BCS & Computing 2009 UK IT Industry Awards for the “Best New Product Developed in the UK.”

“Rosslyn Analytics is thrilled to be among the handful of applicants to be named a finalist in this prestigious competition," said Charles Clark, CEO, Rosslyn Analytics. "We are delighted that the judges recognize the innovative uses of new technologies and service models such as cloud computing that went into developing RA.Pid Enterprise. A new era of spend analysis that can deliver a return on investment in eight weeks for chief procurement and finance officers is now here.”

RA.Pid® Enterprise, with the rapidintel.com platform, is a fully-managed spend analysis solution that helps 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, from the extraction of data through to ready-to-the-use browser-based “slice & dice” reports.

The ICT Excellence Awards recognize the best and brightest SME technology companies and organisations in the West Midlands and across the United Kingdom. Winners will be announced at the Awards Reception following the ICT Annual Conference on 10 November at the National Motorcycle Museum in Bickenhill, Solihull.