RESTON, VA - August 21, 2002 - Software
AG, Inc., a pioneer in XML solutions, and Cambridge Technology Enterprises
(CTE) Inc., a leading XML and mobile solutions provider, announced today
an agreement to develop interactive, electronic statements to enable companies
to aggregate data from multiple sources and provide multi-channel statement
delivery to enhance online account management and customer self-service
solutions.
The "power statement" solution is based on XML open standards
and enables companies to distribute interactive, individualized summaries
of information, such as health care benefits, retirement statements, payroll
information, work orders or invoices via e-mail to the recipient's PC, laptop,
PDA or voice-mail. In a business-to-business scenario, this information can
be analyzed, summarized and re-purposed into other back-end systems. This
'push-pull' approach delivers rich content to users while minimizing operational
costs and increasing customer satisfaction.
"Both organizations
and their customers are demanding more efficient and effective online account
management and self-service," said Gary Voight, President and CEO of
Software AG, Inc. "We have identified an extremely robust solution,
using XML, that goes far beyond the single channel 'push' effect of the
early electronic billing packages. In addition to distributing billing information,
companies can explore new revenue streams and cross-sell via customized,
user-targeted messages."
The combined power of Software AG's Tamino, a high performance platform
for native XML storage and metadata repository, and EntireX XML Mediator,
an XML document exchange tool that manages the flow and behavior of XML-based
information, and Cambridge Technology Enterprises's Smart Statement platform
and rapid application deployment expertise enable companies to enhance corporate
communication as well as customer satisfaction through:
- Statement storage, tracking, and distribution according to configurable
schedules and query-based retrieval
- Interactive, animated presentations, including informational popups
and tutorials
- Flexible customizations, including one-click e-mail and wireless alerts
highlighting critical information
- Immediate and secure access to back-end applications
Business-logic based messaging to deliver targeted marketing campaigns
"As a leading XML solutions provider, we are excited to leverage
Software AG's award-winning XML software to bring improved availability,
reliability and scalability to our interactive statements and solutions,"
said Bhaskar Panigrahi, CEO of Cambridge Technology Enterprises. "Our
power statements encompass the need to conduct business via multi-channels
for a more effective and more efficient way to distribute and extract
information. Tamino and XML Mediator give us an open architecture that
ensures ongoing interoperability and future extensibility to continually
enhance information included in power statements."
About Software AG, Inc.
Based in Reston, Va., Software AG, Inc. is a wholly owned subsidiary of
Software AG, Europe’s largest system software provider and a major global
player offering cutting edge technology for data management and electronic
business. Since 1998 the company has focused its development activities
on XML products for the Internet. With about 3,500 employees and representatives
in over 70 countries, Software AG had revenues of 588 million euros in
2001. Its distribution and technology partners include market leaders
such as IBM, Microsoft and Hewlett-Packard as well as innovative IT solutions
providers like Extensibility, Softquad and Citrix. Software AG’s products
control the central IT processes of thousands of renowned companies worldwide
to include Lufthansa, ZDF, Dresdner Bank AG, DaimlerChrysler, Deutsche
Bahn AG (German Rail), BP and VIAG Interkom. Software AG is listed on
the Frankfurt Stock Exchange (MDAX, Security identification number 724264
/ SOWGn.F).
For additional information, logon to www.softwareagusa.com.
About Cambridge Technology Enterprises Inc.
Cambridge Technology Enterprises (CTE), a CMMI Level 5 next-generation
business lifecycle solutions provider, has a focus on building and integrating
business applications. CTE’s core competency lies in its collaborative
delivery model, a solution delivery approach that aligns business, technical,
and user stakeholders; includes partner technologies and services as necessary;
and delivers end-to-end solutions on a fixed price and fixed time frame
basis.
CTE’s business model is based on a global delivery model foundation,
which stays close to the customer and yet optimizes the value of the solution
offered.
For more information, please visit www.ctepl.com,
or e-mail us at info@ctepl.com.
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