Press Release on SDTI:
DAOU Systems Inc. Announces an Agreement with Security Dynamics Technologies Inc.
Allowing DAOU Systems to Assist the Healthcare Industry in Securing Confidential Data
SAN DIEGO--(BW HealthWire)--Dec. 1, 1998--DAOU Systems Inc. (Nasdaq:DAOU - news) today announced a strategic partnership with Security Dynamics Technologies Inc. (Nasdaq:SDTI - news) through which DAOU will become a SecurWorld Partner to help healthcare enterprises address growing concerns about network and information security.
The SecurWorld Partnership and DAOU's commitment to the growing needs of healthcare enterprises should position DAOU at forefront of security technology in healthcare. Security Dynamics' application, network, and Internet security solutions together address three main security needs of healthcare companies today.
With the Healthcare Industry's growing concerns about access to patient records, DAOU Systems is aiming its efforts on the security needs of the Healthcare IT industry. Security Dynamics' leading authentication and encryption technologies form the security platform that will allow DAOU Systems to deliver a Healthcare-specific solution.
''In recent years healthcare organizations have made vast amounts of patient information accessible via corporate intranets. While simplifying access to information for the 'good guys' it has done the same for the 'bad' as well. Security Dynamics is a leader in providing security solutions that can effectively protect a patient's confidentiality,'' said Eric Ringwall, vice president of Technology Services at DAOU Systems Inc.
''DAOU Systems is a valued partner in helping Security Dynamics meet the ongoing security needs of healthcare companies,'' said Susan Underhill, director of channel marketing at Security Dynamics. ''We are pleased to welcome DAOU as a SecurWorld Partner and look forward to leveraging their expertise in delivering IT and security solutions for the healthcare industry.''
About Security Dynamics
Security Dynamics is a leading provider of enterprise network and data security solutions that help companies conduct business securely, protect corporate information assets and facilitate business-to-business electronic commerce. With more than 3.5 million users of its SecurID authentication technology, Security Dynamics is the world leader in two-factor user identification and authentication.
RSA Data Security Inc., a wholly owned subsidiary of Security Dynamics, is a leading supplier of software components that secure electronic data, with more than 300 million copies of RSA encryption and authentication technologies installed worldwide.
RSA technologies are part of existing and proposed standards for the Internet and World Wide Web, ISU, ITU-T, ANSI, IEEE, and business, financial, and electronic commerce networks around the globe. Security Dynamics and RSA can be found on the World Wide Web at www.securitydynamics.com and www.rsa.com, respectively.
About DAOU Systems
DAOU Systems Inc. is a provider of integrated Information Technology (IT) solutions and services to the U.S. healthcare industry. DAOU's capabilities range from up-front strategic consulting to IT system design, implementation and long-term tactical support. DAOU's IT offerings include data, voice and video networking, applications consulting and implementation, as well as operational and Internet solutions.
DAOU has nearly 800 employees, and has provided services to more than 1,300 healthcare organizations, including many of the nation's top 100 integrated delivery systems. More information about DAOU Systems can be found at www.daou.com on the World Wide Web. DAOU's clients include organizations such as UCSF Stanford Health Care, University of Chicago Hospitals, Saint Barnabas Health Care, and Humana Healthcare.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve numerous risks and uncertainties. The company's actual results could differ materially from those projected in such forward-looking statements and will depend upon a number of factors, including those discussed in the company's filings with the Securities Exchange Commission and other press releases of the company.
--------------------------------------------------------------------------------
Contact:
DAOU Systems Inc.
Chris Caramanico, 800/578-3268
chris.caramanico@daou.com
www.daou.com
--------------------------------------------------------------------------------
More Quotes
and News: DAOU Systems Inc (Nasdaq:DAOU - news)
Security Dynamics Technologies Inc (Nasdaq:SDTI - news)
Related News Categories: computers, internet, networking, software
More info on SDTI:
Address: 20 Crosby Drive
Bedford, MA 01730
Phone: (781) 687-7000
Fax: (781) 687-7010
Industry: Software & Programming
Sector: Technology
Employees: 610
Officers: C.R. Stuckey Jr., Chmn./Pres./CEO
Marian G. O'Leary, Sr. VP-Fin./CFO/CAO/Treas.
D.J. Bidzos, Exec. VP
J. Adams, Sr. VP
G.A. Rogers, Sr. VP.
Business Summary
SDTI provides enterprise network and data security solutions to help companies conduct business securely, protect corporate assets and facilitate electronic commerce. For the nine months ended 9/98, revenues rose 25% to $124.4 million. Net income rose 29% to $16.8 million. Revenues reflect higher unit sales of SecurID tokens, ACE and ACM products, and increased licensings. Earnings reflect a $12 million gain in market value of VeriSign stock and the absence of $10.2 million in various charges.
More from Market Guide: Highlights -Performance
Statistics at a Glance -- SDTI Last Updated: Nov 30, 1998
Price and Volume
(updated Nov 30, 1998)
52-Week Low $5.438
Recent Price $15.25
52-Week High $42.75
Beta 2.12
Daily Volume (3-month avg) 796.7K
Share-Related Items
Market Capitalization $623.5M
Shares Outstanding 40.9M
Float 18.8M
Dividend Information
Annual Dividend none
Per-Share Data
Book Value (mrq) $5.36
Earnings (ttm) $0.51
Sales (ttm) $4.04
Cash (mrq) $3.71
Valuation Ratios
Price/Book (mrq) 2.84
Price/Earnings (ttm) 29.84
Price/Sales (ttm) 3.78
Income Statements
After-Tax Income (ttm) $20.4M
Sales (ttm) $164.1M
Profitability
Profit Margin (ttm) 12%
Management Effectiveness
Return on Assets (ttm) 9.01%
Return on Equity (ttm) 10.67%
Financial Strength
Current Ratio (mrq) 6.49
Long-Term Debt/Equity (mrq) 0
Total Cash (mrq) $153.7M
Short Interest
Shares Short
as of Nov 9, 1998 1.61M
Short Ratio 1.59
Stock Performance
big chart [1d | 5d | 3mo | 1yr | 2yr | 5yr;
K = thousands; M = millions; mrq = most-recent quarter (Sep 30, 1998); ttm = trailing twelve months through Sep 30, 1998
Happy Investing,
Mark |
