BONITA SPRINGS, Fla. -- BONITA SPRINGS, Fla., Jan. 30 /PRNewswire/ -- Stellar Internet Monitoring(TM) (StellarIM), a leading provider of employee Internet monitoring solutions, announced the appointment of Richard Schmidt as the company's CEO and Chairman. Schmidt will be responsible for worldwide sales, marketing, and reseller relationships.
Prior to StellarIM, Schmidt created and turned around companies for more than four decades with his own companies, as well as Fortune 500 companies such as Evans Products, Echlin Manufacturing and Caterpillar. Previously, he formed Stellar Venture Partners (SVP), a venture capital firm that provides financial support as well as marketing and exit strategy design and execution to new businesses with high growth potential.
In addition to his knowledge of the Internet and high-tech industry, Schmidt is a recognized financial investor and entrepreneur. He is editor-in- chief and publisher of the Stellar Stock Report, a leading national investment advisory publication, and in 1991created Stellar Asset Management, Inc., an investment firm.
"With the rise of at-work Internet use and the number of employees being terminated for work-related abuse, major corporations and government agencies have shown dramatic interest in Internet monitoring," said Richard Schmidt, CEO and Chairman of StellarIM. "Monitoring worker PCs is essential to corporate success, national security and employee productivity."
StellarIM was created to satisfy the growing market demand for a solution to Internet misuse. According to the Gartner Group, non-work related surfing costs American businesses $54 billion and up to 40% in productivity loss every year. This estimate can be more impressive when you look at the fact that a 500 employee company stands to lose $4.3 million annually.
Many companies that filter or block access to certain websites require that companies run the entire software on their own servers, maintained by their IT staff which consumes disk space as well as a company's system administrator's time.
StellarIM, in contrast, monitors employees Internet activity rather than restricting access to useful websites. Furthermore, it is the only ASP or web-based service that provides real-time reports to management of employee use of the Internet and Instant Messaging. The StellarIM solution is secure and cost-efficient, requiring no hardware or software purchases. Comprehensive activity reports can be generated from the collected data and used to develop and enforce Internet usage policies as well as reward productive employees.
StellarIM's comprehensive web site (http://www.stellarim.com/) features interactive product demos, product comparisons, cost saving calculator (ROI) and offers an automated trial registration and software downloads.
About Stellar Internet Monitoring
Bonita Springs-based Stellar Internet Monitoring(TM) (StellarIM) is a leading provider of employee Internet monitoring solutions. The StellarIM business solution is the only web-based service that provides real-time reports to management of employee use of the Internet and Instant Messaging. The StellarIM solution is secure and cost-efficient, requiring no hardware or software purchases, which saves companies the capital expense and expedites installation and implementation.
The benefits of the StellarIM business solution include increased productivity, liability control, and conservation of bandwidth. Please visit http://www.stellarim.com/ for more information
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