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Technology Stocks : NOKIA NEWS

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To: Mephisto who wrote (120)9/7/2000 1:31:59 PM
From: Mephisto   of 212
 
Maconomy Signs OEM Agreement with Nokia -
International Breakthrough for Maconomy

COPENHAGEN, Denmark, Maconomy signs an OEM agreement with Nokia focusing on integration of Nokia's Wireless Application Protocol (WAP) server software with its global wireless-based software offering for service enterprises and project organizations

Maconomy, a leading provider of e-business software for automating the service industries, announced today that it has signed an OEM agreement with Nokia. The agreement allows Maconomy to bundle and resell Nokia's WAP software with Maconomy's network-based e-business software.

Maconomy will integrate Nokia's WAP server software into its global wireless software offering for companies and organizations in the service industries. Maconomy's WAPTIME® wireless offering was released in December 1999 and has received a great deal of interest from its customers. WAPTIME® allows Maconomy users to stay connected anywhere, anytime. Real-time updates of time & expense data allow corporations to accelerate reporting cycles and better utilize their resources.

``This agreement is an international breakthrough for us,'' says Per Tejs Knudsen, Maconomy CEO. ``We are already recognized as an industry leader helping service industry companies to automate their business. The cooperation with Nokia is a concrete acknowledgment of our technology and this will help us further increase our international market penetration.Several major customers - including IBM - are already using our WAP-based products. With this agreement we have an even stronger offering for corporate users.''

About Maconomy

Maconomy is a leading provider of e-business software for automating the service industries. Maconomy enables companies in the service industries to transform their businesses, increase resource utilization and compete effectively in the new economy. To date, more than 600 customers in 25 countries have deployed the Maconomy solution. Maconomy targets service enterprises and project organizations in the market communications, consulting, professional services, departmental and governmental industry segments.

Customers include Avis/Cendant, Baxter, Deloitte & Touche, Framfab, IBM, Interbrand, Ogilvy Public Relations Worldwide and Philips Design.

Maconomy has offices in Europe and the US. Please visit the Maconomy web-site at maconomy.com for further information.

About the Nokia WAP Server

The Nokia WAP server is the world's most recognized WAP server targeted for the corporate market, transforming a static web site into a real-time mobile business and powerful marketing tool independent of time and place. It connects WAP-enabled mobile handsets to content and services hosted by Web servers or any other Intranet or Internet server securely and cost-effectively, including e-mail, schedules, directories and contacts as well as e-business specific applications. The newest version of the Nokia WAP Server, 1.1, complies with the WAP 1.1 specification and sets the industry milestone with its security option, Nokia's security pack with a Secure Sockets Layer (SSL) together with the implementation of the Wireless Transport Layer Security (WTLS) functionality.
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