Optika eMedia Drives Over $1.5 Million in Orders; JD Edwards and ADP Head List of Fortune 1000 Customers Deploying eMedia to Migrate From Paper to Web Commerce
COLORADO SPRINGS, Colo.–(BUSINESS WIRE)–Aug. 31, 1998– Optika(R) (NASDAQ:OPTK) today announced that orders based on Optika eMedia(tm) have exceeded $1.5 million. Optika has finalized eMedia software and services agreements with Fortune 1000 companies J.D. Edwards & Company, Automatic Data Processing (ADP), Clear Channel Communications and Arvest Bank Group. These companies join The Home Depot, which has a joint development agreement with Optika, as early adopters of eMedia. Optika announced the controlled shipment of eMedia to nine initial user test sites last month.
Optika eMedia is an extranet software suite that extends a traditional integrated document imaging solution to manage all types of business transaction information — in both paper and electronic formats. eMedia serves as the bridge between paper and Web commerce for companies who wish to first automate paper-based transactions and negotiations within the enterprise and then evolve to electronically process them throughout the supply chain. These Optika customers will have the ability to migrate from managing their internal paper problems to conducting business with key partners, suppliers and customers over the Web. Eventually, they can manage the full range of supply chain transactions electronically, including document files, electronic data interchange (EDI), electronic forms, communications and discussions.
“We are thrilled with the initial success of eMedia,” said Mark K. Ruport, president, CEO and chairman of Optika. “The impressive list of Fortune 1000 companies that have already licensed eMedia validates the need for a Web-based solution that addresses the paper problem within a company and then moves business transactions electronically across a company’s supply chain. We are confident that eMedia offers the best value proposition for companies seeking to extend their enterprise business processes to include their business partners and customers.
Initially, ADP, which provides computerized transaction processing, data communications, software and information services to more than 425,000 clients in virtually every industry, will be deploying eMedia in its Tax/Financial Services (Tax) and Unemployment Compensation Services (UCS) divisions. The Tax division provides tax-filing services for over 350,000 clients and will leverage this technology against the high volume of paper received from the government taxing agencies. eMedia will be a key ingredient in improving response time to the tax agencies and making the information database readily available to its associates.
ADP’s UCS division provides a comprehensive service to eliminate unnecessary claims and costly overpayments in the unemployment compensation process. UCS’s current procedure of distributing unemployment claims and supporting documentation is paper-intensive and involves a significant amount of human resources. UCS will deploy eMedia to automate this process, enabling UCS associates and business partners to more efficiently share and leverage the corporation’s business assets.
“As the volume of electronic business transactions and human interactions involved in the business process continues to grow, Optika is the only vendor offering such a comprehensive solution,” said Keith Kostelnik, ADP’s Director of Strategic Planning and Development. “eMedia’s three-tier architecture will allow ADP to handle all forms of business communications across our supply chain, providing a superior level of service to our customers. The customizable interface and Web infrastructure are essential components of the software that will enable us to more effectively execute our business strategy.”
Availability and Pricing
Optika eMedia Release 1.0 is planned to be made generally available in September 1998.
Intranet clients with full eMedia capabilities are priced at a US MSLP of $150. Extranet browser clients will be deployable free of charge to all supply chain users, making it inexpensive and simple for an Optika customer to extend eMedia technology to all members of its supply chain. The eMedia pricing structure provides customers with volume pricing benefits through enterprise options for larger organizations. Optika’s pricing of eMedia reflects the company’s commitment to continually providing solutions with the lowest cost of ownership.
ADP (NYSE:AUD), with more than $4 billion in annual revenue and more than 425,000 clients, is one of the largest independent computing service firms in the world. Founded in 1949, ADP provides computerized transaction processing, data communications, software and information services to companies in virtually every industry. ADP Employer Services is the world’s largest provider of payroll services and human resource information systems (HRIS). It offers a comprehensive range of benefits, payroll and business tax deposit and reporting, time and attendance, 401(k) record-keeping and unemployment compensation management services.
For more information on ADP’s products and services visit the company’s Web site at www.adp.com or call 1-800-CALL-ADP.
About J.D. Edwards
J.D. Edwards (NASDAQ:JDEC) develops, markets and supports multinational, integrated enterprise software for distribution, finance, human resources, manufacturing and supply chain management. The company’s enterprise software operates in multiple computing environments, including IBM AS/400, UNIX, Windows NT and the Internet. Founded in 1977, J.D. Edwards is headquartered in Denver and posted fiscal 1997 revenues of $647.8 million. J.D. Edwards’ OneWorld is a network-centric, multinational software package that enables customers to change technology or business practices while reducing costs and business interruptions. Additional information about J.D. Edwards’ product offerings can be obtained by contacting the company at 1-800-727-5333 or via the Internet at www.jdedwards.com.
About Clear Channel Communications
Clear Channel Communications, Inc., is a global diversified media and outdoor advertising company. The company operates, or is affiliated with, 441 radio stations, 18 television stations and approximately 200,000 outdoor advertising displays in 25 countries worldwide. The company also owns 29% of Heftel Broadcasting Corporation (NASDAQ:HBCCA), the largest Spanish-language radio broadcaster in the United States. The company’s stock is traded on the New York Stock Exchange under the symbol “CCU.” For additional information about Clear Channel, please visit the company’s website at www.clearchannel.com.
About The Home Depot
Founded in 1978, Atlanta-based Home Depot, the world’s largest home improvement retailer, currently operates 660 stores throughout North America. The company was recently named America’s most admired specialty retailer by Fortune magazine for the fifth consecutive year. Its stock is traded on the New York Stock Exchange under the symbol “HD” and is included in the Standard & Poor’s Index. For additional information, visit The Home Depot on the Internet at www.homedepot.com.
Optika (NASDAQ:OPTK) is leveraging the infrastructure of the World Wide Web to provide the bridge between paper and electronic commerce across the enterprise and throughout supply chains. Optika, located in Colorado Springs, Colorado, provides software and solutions that enable Fortune 1000 companies to efficiently and inexpensively manage the high-volume flow of paper and electronic data associated with running today’s businesses. Optika has been named one of the Top 250 technology companies for 1998 by Software Magazine and has been honored as a Top 10 Technology Impact Company for 1997 and a One to Watch Company for 1998 by KMWorld, the leading trade publication of the knowledge management industry. For more information about Optika, please contact the company at 719-548-9800 or visit Optika on the Internet at www.optika.com.
Except for historical information contained herein, the matters discussed in this news release may contain “forward-looking statements” that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Optika with the Securities and Exchange Commission, specifically, Optika’s annual report on Form 10-K for the year ended December 31, 1997, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Copies of Optika’s SEC filings may be obtained by contacting Optika’s Investor Relations Department at 719-548-9800.
Jay Mitchell, 719/260-4325
Patty Allison or Gavin Skillman, 415/512-0770
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