No wonder SDNA has that momentum behind it of late!
March 10, 6:47 am Eastern Time
Company Press Release
SEDONA Corporation Signs Agreement to Operate Acxiom Corporation's CIMS Business Unit
Customer Information Management System Technology is a Critical Component of SEDONA's CRM Offering
LIMERICK, Pa.--(BUSINESS WIRE)--March 10, 2000-- SEDONA© Corporation (Nasdaq: SDNA - news) announced today it has signed an agreement to operate Acxiom© Corporation's (Nasdaq: ACXM - news) Customer Information Management System (CIMS) Business Unit until closing of the purchase transaction.
Bill Williams, Chief Financial Officer of SEDONA Corporation, noted that, ``As we continue to move toward completing the acquisition within the next 30 days, this agreement will accelerate the process of fully integrating the CIMS group within SEDONA.' Mr. Williams also noted that, ``SEDONA announced an agreement in January to acquire the CIMS business unit and has been operating the business since February 1st. Today's agreement enables SEDONA to continue its aggressive sales, marketing and development of a comprehensive CRM solution.'
In announcing the agreement, Marco Emrich, President and Chief Executive Officer of SEDONA, said, ``The CIMS technology will accelerate the implementation of SEDONA's unique and affordable Internet CRM application solution focused on small and mid-sized businesses.' Mr. Emrich added, ``We are especially pleased with the progress made within 24 financial institutions which have selected, and are in different phases of implementation of the integrated CRM solution comprised of the SEDONA and CIMS technology.'
About SEDONA Corporation...
SEDONA Corporation, headquartered in suburban Philadelphia, Pennsylvania, develops and markets enterprise-scale Internet-based application solutions that enable organizations to more quickly and precisely visualize new and changing customer information, greatly enhancing their customer acquisition, intimacy, satisfaction and retention capabilities. Through strategic partnerships with leading Customer Relationship Management and Content Management systems providers, SEDONA's application solutions are uniquely positioned to enable organizations to create real-time visual profiles of information from which informed decisions are made to swiftly improve bottom line results.
About Acxiom Corporation...
Acxiom Corporation is a global leader in real-time Customer Data Integration and Customer Relationship Management by offering innovative database marketing services, advanced technologies, and premier data content. Acxiom enables businesses to develop and deepen customer relationships by achieving a single view of a customer across the enterprise. Founded in 1969, Acxiom Corporation is based in Little Rock, Arkansas. Acxiom revenues were $918 million in the 12 months ending December 31, 1999. For more information, please visit www.acxiom.com.
Forward Looking Statements...
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as ``believes' ``anticipates' ``plans' or ``expects' and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
SedonaCorp and SEDONA Corporation are registered trademarks of SEDONA Corporation. Visual CRM and Sedona are trademarks of SEDONA Corporation. All other product names are trademarks or registered trademarks of their respective companies.
This press release and prior releases are available on the KCSA Website at www.kcsa.com and the SEDONA Corporation Website at www.sedonacorp.com.
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Contact:
SEDONA Corporation, Limerick
Vicki Franchetti, 610/495-3003 x214
vickif@sedonacorp.com
or
KCSA Worldwide, New York
Investor Contacts:
Sarah Shepard, 212/896-1236
sshepard@kcsa.com
or Elena Bonaiuto, 212/896-1233
ebonaiuto@kcsa.com
or Media Contacts:
David Riley, 212/896-1245
driley@kcsa.com
or Deborah Radman, 212/896-1210
dradman@kcsa.com |
