HDIE News!
HIE Establishes Presence in South African Banking Sector
PR Newswire - July 02, 1998 08:10
HDIE %CPR V%PRN P%PRN
--------------------------------------------------------------------------------
MARIETTA, Ga., July 2 /PRNewswire/ -- Healthdyne Information Enterprises, Inc. (Nasdaq: HDIE), an integration solutions company, announced today that it will distribute its Cloverleaf(R) software to the South African banking sector via Symmetry Software Services, Ltd. This agreement is another milestone for HIE, as Symmetry will become a full-service distributor to the South African Development Community (SADC) countries.
Alan Rick, HIE's Director of International Sales - Finance, said, "Our diligent efforts over the past six months to penetrate the international financial intra- and inter-system messaging market continue to be successful. Cloverleaf's technology allows users to obtain timely access to information throughout the organization with improved accuracy, delivery, availability and recoverability of information."
Paul Van Dyke, Director of Symmetry's Banking and Financial Services Division, said, "A key element in providing these solutions is systems integration. This agreement with HIE puts us in a position to provide comprehensive business solutions across the financial service industry - from S.W.I.F.T. and exception management to customer service management. By using Cloverleaf, the risk and cost of implementation is reduced and deployment of the system is much faster."
The Cloverleaf integration engine provides a solution for replacing individual system-to-system interfaces within an enterprise. Cloverleaf has the capability of connecting message streams and data structures from disparate systems both locally and over wide area networks. Cloverleaf is fully S.W.I.F.T. (Society for Worldwide Interbank Financial Telecommunication) compatible and may be implemented to retrieve, re-format and deliver data held in any form on mainframe or client server systems into the necessary format required for transmission over the S.W.I.F.T. network.
Symmetry Software Services, Ltd. is a Bryanston-based software solution provider, established in 1985. Symmetry's Banking and Financial Services Division provides solutions in the area of business process automation. They focus on the financial services industry where the need for high levels of customer service is a competitive advantage or where there is a need for exception management in order to reduce costs and manage operational risk.
HIE helps enterprises protect and leverage their legacy information technology investments and add new, incremental capabilities designed to enhance organizational effectiveness and meet new goals. HIE is headquartered in Marietta, Georgia. Its IT tools are distributed worldwide.
Except for the historical information contained herein, this press release contains forward-looking statements that involve a number of risks and uncertainties which could cause actual results to differ materially from those indicated in such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competitive pressures, the mix of software and service revenue, the mix of direct and indirect sales, sales timing, changes in pricing policies, undetected errors or bugs in the software, delays in product development, lower-than-expected demand for the Company's software tools or services, business conditions in the healthcare and other complementary markets, the Company's ability to modify its software for use in non-healthcare industries, risks associated with possible acquisitions, general economic conditions and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 1997. By making these forward-looking statements, the Company does not undertake to update them in any manner except as may be required by the Company's disclosure obligations in filings it makes with the Securities and Exchange Commission under the Federal securities laws.
For more information visit HIE's web site at hie.com.
SOURCE Healthdyne Information Enterprises, Inc.
/NOTE TO EDITORS: "HIE" and "Cloverleaf" are registered trademarks of
Healthdyne Information Enterprises, Inc./
/CONTACT: Investors - Gordon McCoun, Lauren Felice, or Press - Michael
McMullan of Morgen-Walke Associates, Inc., 212-850-5600, or Web:
morgen-walke.com, for Healthdyne Information Enterprises, Inc.
/Web site: morgen-walke.com
/Web site: hie.com
(HDIE)
|
