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PALO ALTO, Calif. – Got outdated, redundant and otherwise unused or usable software sitting around your credit union? You’re not alone. More than 40% of respondents to a survey of business and IT executives by the Business Performance Management (BPM) Forum said that such software drains 10% or more of their IT budgets. And 70% of the respondents said they have redundant, deficient or obsolete applications on their networks. The survey included responses from 226 organizations ranging from small to worldwide and was part of a BPM study titled “Software Drain or Business Gain: Assessing Application Value, Relevance and Cost to Your Company.” For more information, check out www.bpmforum.org.

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