Replies to post #64741 on Savvy Trades and Investments

[SSKILLZ1]

WSTG

I've been selling WSTG too today, have to take profits here it has been a nice run in my opinion. Will buyback on weakness. All is just my opinion, and I could always be wrong though.

[nelson1234]

WSTG, yup.. as R59 said money seems to be moving from growth to value, so the surge makes sense.

[2morrowsGains]

WSTG...Turbonomic Awarded IT-70 GSA Contract Through Lifeboat
Contract expedites procurement for government agencies to unlock AI-powered application resource management

EATONTOWN, N.J., Sept. 19, 2019 (GLOBE NEWSWIRE) -- Lifeboat Distribution, an international value-added distributor for disruptive and emerging technologies and subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG), announced today that Turbonomic, the leader in Application Resource Management, has been added to Lifeboat's IT Schedule 70 General Services Administration contract. The IT-70 GSA contract will allow federal, state and local U.S. government agencies to accelerate their application modernization and cloud adoption initiatives through Turbonomic and its registered partners.

Federal agencies are under pressure to digitally transform while reducing expenses. However, the trifecta of IT modernization, siloed IT teams, and diversity of disparate management tools creates complexity that is beyond human scale to manage. This complexity creates risk in the forms of application performance, violation of compliance agreements, and unplanned cloud cost overages. Access to Turbonomic AI-powered Application Resource Management, through the GSA contract, enables agencies to automate management and prevent these risks. Agencies are able to assure application performance while enforcing compliance with policies and only paying for precisely what is needed in the public cloud.

"There is a clear directive to make our nation's governments efficient and competitive on the world stage. Federal agencies are seeking intelligent automation, so their staff can focus on higher value initiatives versus trying to keep the lights on," said Tom Murphy, Chief Marketing Officer at Turbonomic. "Turbonomic and Lifeboat Distribution are committed to making it easy and cost effective for solution providers to bring Application Resource Management to market. This GSA contract authorizes partners to leverage the benefits and terms associated with the contract to accelerate their business within the government vertical."

"There is tremendous demand for government agencies to modernize their IT departments, and this creates significant demand for support from their IT providers," added Dale Foster, President of Lifeboat Distribution. "A particular challenge is managing the transition to hybrid, multi-cloud or containers, as it's not as simple with continuously evolving technologies and siloed teams and tools. Now we can provide critical guidance to our government clients, who can enjoy increased access to Turbonomic."