ORLANDO, Fla., Feb. 27, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies Inc., today announced it has issued a first quarter 2008 research update for Pervasive Software Inc. (Nasdaq:PVSW).
Neha Bhargava, MBA, RedChip Research Analyst, wrote in the report:
"Pervasive Software continues to work toward developing newer and higher performance computing applications on the SaaS platform and is expected to gain from the estimated market growth over the next few years. In early October, IFG Mortgages announced implementation of PVSW's Data Integrator to link its SaaS and on-premise applications. PVSW is now integrated with Salesforce.com at its field level, increasing visibility for PVSW's products in the European markets. PVSW also launched integration tools for synchronizing data between Salesforce.com's online, customer relationship management system and Intuit's on-premise QuickBooks software for small and mid-size businesses. Both Salesforce.com and Intuit are substantial players within the SaaS segment; PVSW's association with them will likely benefit the Company's revenue base over the long run. Considering these recent developments, we maintain our 'Buy' rating on PVSW stock."
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