Some news about the portal.....
Tuesday March 7, 7:29 am Eastern Time
Company Press Release
insci-statements.com Announces Opening of InfiniteSpace.com Internet Portal for Electronic Statement Presentment
WESTBOROUGH, Mass.--(BUSINESS WIRE)--March 7, 2000-- insci-statements.com Corp. (Nasdaq:INSI - news), (insci), a provider of Internet-based and on-site solutions for electronic statement presentment (ESP), digital document storage, workflow and electronic commerce, Tuesday announced that its wholly owned subsidiary InfiniteSpace.com has opened its Internet portal for business-to-business ESP services and will be providing those services to its first customer, Orlando, Fla.-based Empire Financial, an online brokerage firm.
Empire will be using the ESP services of InfiniteSpace.com to deliver via the Internet and other means electronic brokerage account statements, transaction confirmations and other documents to its customers.
The Internet portal for ESP services system is built on fully redundant servers, routers and switching equipment and includes two levels of hardware load balancing. All hardware is located at InfiniteSpace.com's recently opened Galaxy2 data center in Waltham, Mass. The center is housed in a new state-of-the-art facility and features:
HVAC temperature control and separate cooling zones for constant climate
Seismically braced racks for earthquake protection -- State-of-the-art smoke detection and fire suppression systems -- Fully redundant power and backup generators -- 24 hour by 7 day secured access -- Motion sensors, video camera surveillance and security breach
alarms
Galaxy2 complements the existing Galaxy1 data center located in Pompano Beach, Fla., which was gained in last year's acquisition of the Internet Broadcasting Company.
Empire President Kevin Gagne said, ``We are convinced that to provide our clients the type of service they need today and to attract new clients and stay competitive we must provide secure and timely delivery of electronic brokerage account statements, confirmations and other key transaction documents using the Internet.
``InfiniteSpace.com provides us with the expertise and technology we need to economically accomplish that task. Its ESP services should not only enhance our customer relationships, they should also help reduce our costs and make it possible to leverage a number of Internet marketing opportunities.'
The InfiniteSpace.com subsidiary of insci is focused on becoming a leading application service provider in the rapidly growing business-to-business ESP market. Its initial market thrust will be to provide high-end, Internet-based ESP services to the financial services industry, a sector where insci currently does approximately 60 percent of its business.
Prince said, ``With InfiniteSpace.com now open and in operation, we are actively addressing a market that Killen & Associates estimates will grow from 1998's $500 million to $18 billion within about five years with the most likely early adopters being mutual funds, banks, brokerage firms, insurance companies and other financial services firms.
``Since these are the types of organizations we have been servicing for years, I am confident that InfiniteSpace.com can become a dominant force in supplying ESP services to them. Combine all of these factors with a business model that is built on transaction fee-based revenues from rapidly growing volumes of recurring transactions and it's easy to see the significant potential value InfiniteSpace.com can have to our shareholders, company and employees.'
InfiniteSpace.com President and COO Stephen MacQuarrie said, ``All of the key operational pieces are in place to successfully and rapidly grow our Internet portal business. There is a full complement of experienced management and key operations, development, sales and marketing personnel on board.
``We are using insci's user-proven suite of COINSERV(TM) software and its secure document delivery technology to process our ESP applications. And, we have partnered with the best possible suppliers to support our portal.' |
