iRent™ and IMSI/Design® Join Forces to Open New Markets

April 30, 2010 - PRLog -- This agreement will allow iRent to enable IMSI/Design’s flagship product, TurboCAD® Professional, the award-winning CAD application with a very powerful set of mechanical and architectural design capabilities, to be rented on a monthly subscription basis.  With Turbo CAD® Professional now fully rent-enabled, new markets, until now untapped by this type of business model, will become available to IMSI/Design.  This exciting development of new and recurring revenue streams will help drive growth for both iRent and IMSI/Design in this highly competitive part of the software industry.

iRent’s unique proposition allows for rented software to reside on local PC(s) and thereby eliminates the need for a continuous tethering to the Internet.  End-users who fail to make agreed rental payments are logged and their applications are automatically disabled.

“SaaS is exploding in popularity, and 2D/3D CAD applications like TurboCAD, especially when they are enabled to be run locally on a PC, ar perfectly suited to SaaS," stated Bob Mayer, Chief Operating Officer for IMSI/Design.  "We think using this sales model our TurboCAD Professional product will especially appeal to both AEC and Mechanical engineering professionals."

“The key to our success is in forming strong and lasting partnerships.  Our relationship with IMSI/Design, as exemplified by this new contract agreement, is an example of our values and commitment,” acknowledged Rick Cluthe, President and COO of iRent LLC.  “In today’s economic environment, renting as opposed to buying software is a very appealing cost saving option for any business.  From the software provider’s perspective, renting secure in the knowledge that their software is immune to theft and can only be used when the rental payment is received is very reassuring.  We have eliminated the risks of both bad debt and theft without requiring our clients to further invest in their code.”

About IMSI/Design
IMSI/Design is the global leader in retail CAD (Computer Aided Design).  IMSI/Design products include the award-winning TurboCAD®, DesignCAD™, DoubleCAD® and TurboFLOORPLAN® families of precision design applications.  Please visit www.imsidesign.com , www.TurboCAD.com or www.DoubleCAD.com for more information.

Press Contact
IMSI/Design
Pam Volpe
415.483.8025
pr@imsidesign.com

About iRent
Founded by two IT industry executives, iRent offers users a unique proposition – Software as a Service (SaaS) without the need for a permanent connection to the Internet.  For the industry iRent represents an exciting new platform that securely rents applications and opens entirely new revenue opportunities for both the content provider and application end-user.

Press Contact
iRent ™ LLC
Rick Cluthe
508-283-1907 (Office)
www.irent.cc
cluthe@irent.cc

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iRent offers users a unique proposition – Software as a Service (SaaS) without the need for a permanent Internet connection. iRent is an exciting new platform that opens new revenue opportunities for the content provider and application end-user.