NEWS*********
Thursday January 14, 11:01 am Eastern Time
Company Press Release
SOURCE: TREEV, Inc.
TREEV Signs Multi-Million Dollar Software Distribution Agreement with ALLTEL Information Services
TREEV's Position in Banking Vertical Advanced Through ALLTEL Partnership
HERNDON, Va., Jan. 14 /PRNewswire/ -- TREEV, Inc. (Nasdaq: TREV - news), announced today a multi-million dollar software distribution agreement with ALLTEL (NYSE: AT - news). Under the agreement, ALLTEL Information Services will resell the TREEV® Suite of integrated document management technologies to its extensive worldwide network of large-scale commercial financial institutions.
Headquartered in Little Rock, Arkansas, ALLTEL is a customer-focused, information technology company providing wireline and wireless communications and information services. ALLTEL serves more than 1,000 information services clients in 48 countries, placing special emphasis on the financial services and telecommunications industries. This marks the third in a series of recent announcements demonstrating the Company's commitment to the indirect sales channel and its Business Alliance Partner (BAP) program.
TREEV's President and COO Tom Wilson, said, ''TREEV already owns over 40 percent of the community banking market and is the document management leader in that segment. Through our partnership with ALLTEL we are now able to penetrate the next level of the banking industry, commercial and multinational banks that can leverage TREEV's technology to enhance operational efficiency, reduce costs and improve customer service. Our solutions are well proven in the banking vertical and are ready to be more widely deployed in the industry's largest institutions.''
John Amatangelo, senior vice president and managing director of ALLTEL Banking Operations said, ''Being able to offer the TREEV Suite to our banking customers worldwide will add great value to our current offerings and strengthen ALLTEL's position in the banking sector. The flexibility of TREEV's architecture reduces the complexity and time required for custom development, making it a perfect product for integration with existing bank systems while ensuring scalability for future growth.'' ALLTEL serves six of the world's 10 most profitable global financial institutions as identified by Forbes magazine.
Jim Leto, TREEV's chairman and CEO, commented, ''I'm extremely pleased with the focus our new president, Tom Wilson, has already provided this company by concentrating on developing our business partners. Relationships with thriving organizations such as ALLTEL are the key to reaching a wider base of customers and maintaining TREEV's recently-achieved profitability. I am confident that the Company's partner strategy is laying the groundwork for great results in coming quarters and will position us for long-term success as the number two vendor in the document management industry.''
About ALLTEL
ALLTEL Information Services, with customers in 48 countries, provides information processing management, outsourcing services and application software to the financial, mortgage and telecommunications industries. ALLTEL is a customer-focused, information technology company that provides wireline and wireless communications and information services. For more information visit ALLTEL on the Web at www.alltel.com.
About TREEV
TREEV is a leading developer and marketer of integrated document management solutions. The standards-based component architecture of the TREEV® Suite provides VAR and development partners with patented technology for easily building custom applications and integrating with new and existing imaging, enterprise report management, workflow and document management systems. With over 2,000 installations in Fortune 1000 corporations, government agencies and the financial marketplace, Software Magazine recently recognized TREEV as one of the world's top 200 independent software vendors. For additional information about TREEV call 800-254-0994, or browse TREEV's Web site at www.treev.com.
TREEV® is a registered trademark of TREEV, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.
SOURCE: TREEV, Inc. |
