First off I'm long ABYT. Although, I've sold 1/2 for 100+%,
and 1/2 that 1/2 for 200+%. Here's a PR from the competition....
(PR NEWSWIRE) Vision Software Announces Strategic Relationship with IBM
Vision Software Announces Strategic Relationship with IBM
OAKLAND, Calif., Oct. 4 /PRNewswire/ -- Vision Software announced today a
strategic relationship with IBM (NYSE: IBM) to integrate Vision Software's e-
business automation system with IBM's WebSphere* Application Server Advanced
Edition and WebSphere Studio. In addition, WebSphere Studio, including Visual
Age* for Java, Professional Edition, will be packaged with Vision Software's
e-business Automation System.
This relationship will enable customers to exploit rapid business change
for competitive advantage. Vision Software will provide this integrated
solution to customers worldwide through its direct sales channel and its more
than 200 Vision Internet Partners (VIPs). Through additional partnering in
support of Vision Software's development and marketing, this agreement extends
the marketing relationship that Vision Software and IBM announced in late
1998. The integrated product is expected to be generally available from
Vision Software in first quarter, 2000.
"We have standardized on Vision Software's e-business automation system
which enables us to adapt our $2.5 billion division to the dynamic demands of
e-business. With Vision Software, we have achieved very significant cost
savings on application development and deployment," said Dan Vantucci, chief
information officer (CIO) for ITT Fluid Technology. "This new relationship
with IBM, also one of our valued business partners, provides us with a
solution that combines best-of-breed technologies to support dynamic industry
conditions on a scaleable Enterprise Java Beans architecture."
"The one constant in e-business is change and Vision Software enables
companies to manage business dynamics," said Joe Damassa, vice president of
Application Development Marketing, IBM Software Group. "By combining Vision
Software's solution with the industry's most scaleable, reliable and robust
application server, customers will be able to improve their business
flexibility, allowing them to rapidly build and deploy e-business
applications."
"We are delighted to build on our relationship with IBM to help customers
deliver state-of-the-art, e-business solutions that support the new Internet
economy," said Mike DeVries, vice president of marketing, Vision Software.
"In this landmark announcement, we have integrated our e-business automation
system with one of the industry's most widely distributed application
servers."
Agreement Details
Vision Software and IBM's Software business unit have agreed on an OEM
relationship that includes IBM's support of Vision Software's development and
marketing efforts.
Product Development and Integration
Under the terms of this agreement, IBM is supporting Vision Software's
development efforts to integrate Vision Software's e-business automation
system with IBM's WebSphere(TM) application server Advanced Edition. In
addition, IBM will work with Vision Software to integrate international
translation for Vision Software's e-business automation system. Vision
Software delivers an e-business automation system that uses business rules to
help customers rapidly define, deploy and evolve business-critical
applications. The Vision Software e-business automation system combined with
the IBM WebSphere Application Server Advanced Edition gives customers a
scaleable Enterprise Java Beans (EJB)-compliant solution. The joint
development and integration initiative has already begun and Vision Software
is participating in the IBM WebSphere 3 beta program.
Sales and Support
Vision Software will distribute its e-business automation system,
integrated with the IBM WebSphere application server Advanced Edition and
packaged with WebSphere Studio, through its worldwide direct sales channel,
25 licensed distributors, and 200 Vision Internet Partners (VIPs). Vision
Software will support its e-business automation system. Pricing for this
integrated product will be announced when it is generally available.
Marketing
As part of the agreement, IBM will continue and extend the marketing
relationship announced in 1998, by assisting Vision Software with a series of
market education initiatives, including white papers, Web briefings, seminars
and tradeshows. These events are designed to educate the industry on the
business advantages and the technical capabilities provided by e-business
automation. For more information about these marketing activities, visit the
Vision Software Web site: www.vision-soft.com.
ABOUT THE IBM WEBSPHERE PRODUCT LINE
The IBM WebSphere Application Servers, along with Lotus Domino, represent
the industry's most complete range of Web application server environments that
support business applications from simple Web publishing through
enterprise-scale transaction processing.
IBM's WebSphere Application Server, Standard Edition, is the Java-based
Web application server and servlet runtime environment that serves as the
entry-level component of IBM's WebSphere Application Server family. IBM's
WebSphere Application Server, Advanced Edition, expands on the capabilities of
IBM's WebSphere Application Server, Standard Edition, by providing customers
with support for the industry-standard Enterprise JavaBean programming model.
IBM WebSphere Studio is a comprehensive tools environment for building Web
applications that leverage existing enterprise systems and extend them to the
Web, while running on multiple IBM and non-IBM platforms. WebSphere
Performance Pack is a unique combination of caching, proxy and filtering
functions; file content management and replication; and load balancing in a
single Internet hosting infrastructure.
ABOUT VISION SOFTWARE
Vision Software provides an e-business automation system that uses
business rules to help customers rapidly define, deploy and evolve highly
dynamic e-business applications. Vision Software solutions are based on a
distributed, component-based (CORBA or EJB), thin-client architecture that
hosts industry-standard, customizable, 100% Java(TM) components. A completely
open and standards-compliant architecture helps Vision Software customers
integrate information from virtually any external data source into a dynamic
e-business environment.
A private company incorporated in 1995, Vision Software has headquarters
in Oakland, Calif., with offices throughout the United States, in the United
Kingdom and in Germany. Vision Software products are distributed through a
direct sales channel in three countries, 200 Vision Internet Partners (VIPs),
and 25 licensed distributors. Vision Software products are currently used by
more than 200 customers around the globe such as ITT Fluid Technology
Corporation, Hilton Hotels and W.R. Hambrecht. Vision Software is supported
by an all-star team of investors including Charles River Ventures, Hambrecht &
Quist, Morgenthaler Ventures and Vulcan Northwest and private investors Marc
Andressen and Hasso Plattner. Contact Vision at www.vision-soft.com, or call
800-984-SOFT (7638).
The Vision Software logo is a trademark of Vision Software Tools, Inc.
Java is a trademark of Sun Microsystems, Inc. Java and all Java-based
trademarks and logos are trademarks of Sun Microsystems, Inc. in the United
States, other countries, or both.
* Signifies trademarks of IBM
SOURCE Vision Software
-0- 10/04/1999
/CONTACT: Heidi Groshelle of Trainer Public Relations, 415-563-1893,
Heidi@trainerpr.com, for Vision Software/
/Web site: vision-soft.com
(IBM)
CO: Vision Software; IBM
ST: California
IN: CPR
SU: JVN
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