Main News Desk

Small businesses splashing out over £7bn on superfluous server technologies

humyo.com reveals the true cost of computing

UK - February 24, 2009

The UK’s small businesses[1] are wasting more than £7billion[2] on unnecessary IT equipment according to online storage specialist humyo.com.

Ignorance of new technologies is driving many small firms to simply invest in traditional server technology in the often false belief that it offers the cheapest and most secure access to business files.

However, humyo.com believes few are examining the true cost of server computing or looking at alternative options, such as cloud computing, which could save their businesses around £1,500 a year.

In addition to the initial outlay of around £1,800, there are also set-up and maintenance costs as well as depreciation over the server’s lifetime – usually around three years.

humyo.com has developed an equation to help small businesses calculate the true cost of investing in a server.

Cost per year = (II + S + M + D)/Y

II = initial investment

S = set-up costs - time + software purchases

M = maintenance costs - software upgrades + problem fixing

D = rate of depreciation

Y = server’s expected lifetime

[1] Companies with less than 50 employees

[2] Number of companies in the UK with less than 50 employees – 4,646,475 (BERR 2007)

Total overspend in the UK - £7,085,874,375 based on a saving of £1,525

Executive quote

“Just a few phone calls or some limited web research can give you an idea of the upfront cost of buying a new server but how many companies are aware of the longer term investment required,” said Dan Conlon, founder of humyo.com. “We have developed an equation to enable small businesses to work out the true cost of server-based computing in order to help them weigh up whether it is the best, most cost effective option for them.”

About the company

humyo.com was founded in January 2007 as a means to provide a safe and secure storage space for personal files, accessible through a computer or a mobile phone. humyo.com offers users 10GB of space for free to store and share anything from documents to music and video files, no matter where you are. It negates the inflexibility of leaving your data at home or at the office, and the risk of loss, theft or damage that comes from taking your files around with you in your pocket or on your laptop.

humyo.com takes all possible measures to ensure the security of user data including 256-bit encryption, firewalling, and a partitioned network. In addition, humyo.com's servers are stored in a former Bank of England gold bullion vault with bomb-blast corridors and blast-proof steel gates.

humyo.com was founded by Dan Conlon, a dotcom entrepreneur who sold his first business to Pipex, where he became MD of Hosting. The business is privately funded.

Contact details

For further press information and photography please contact:

Angela Workman / Patrick Hussey at LEWIS, the PR agency

Tel: +44 (0) 161 601 7740

Email: humyo@lewispr.com

Website: www.lewispr.com

For enquiries about humyo.com, please contact:

Paul Westwood

Tel: +44 (0) 7590 694 170

Email: pwestwood@humyo.com

Website: www.humyo.com

Bookmarklets:

Recent Press Releases

2010 Archive

2009 Archive

2008 Archive

2007 Archive

Jump to: