MAJOR CUSTOMERS

12 Months Ended

Dec. 31, 2011

MAJOR CUSTOMERS [Abstract]

MAJOR CUSTOMERS

Note 12 – Major Customers

For the year ended December 31, 2011, HP Enterprise Services (“HP”) accounted for 48.3% of Company revenue compared to 51.0% for the year ended December 31, 2010.  HP utilizes the Company's products as tools to service their customers.  The Company's revenue from HP is derived from three separate and distinct agreements with HP for each of HP's customers A, B, and C.  For the year ended December 31, 2011, revenue from the contracts with HP for customers A, B, and C accounted for 17.8%, 15.6% and 14.9% of total revenue, respectively, compared to 23.2%, 15.3% and 12.5% of total revenue for the year ended December 31, 2010, respectively.

For the year ended December 31, 2011, IBM accounted for 33.0% of Company revenue compared to 32.8% for the year ended December 31, 2010.

For the year ended December 31, 2011, Siemens Shared Services LLC (“Siemens”) accounted for 10.7% of Company revenue compared to 10.4% for the year ended December 31, 2010.

Accounts receivable from HP, IBM and Siemens totaled $1,425,000 and $1,243,000 at December 31, 2011 and 2010, respectively.