Same news. Will the stock hit at least $ 4 ?
Thursday February 25, 6:33 am Eastern Time
Company Press Release
Scangraphics Unit, Sedona Sells SpatialVision Licenses Valued at $1.5M to Acxiom Corporation
First Major Sale of Sedona SpatialVision Brings Value to Acxiom's Financial Services Customers via Visual-Enhancement
LIMERICK, Pa.--(BUSINESS WIRE)--Feb. 25, 1999-- Sedona® GeoServices, Inc., a Scangraphics® company (NASDAQ: SCNG - news), announced that it has come to an agreement with Acxiom® Corporation (NASDAQ: ACXM - news) to include Sedona SpatialVision(TM) as a component of their Solvitur(TM) CIMS 8.0 suite of products. Sedona expects this agreement to yield revenues of $1.5 million.
SpatialVision will provide delivery of geo-spatially enhanced Acxiom data and will enable customers to ask complex database questions and visualize the results geographically. When integrated with Acxiom's Solvitur CIMSi 8.0, a financial services industry application suite, SpatialVision brings easy-to-use, timesaving features to optimize the rapid return on information investment by exploiting the inherent geo-spatial nature of data. By displaying visually-enhanced geographic information on maps, Acxiom's clients will use SpatialVision to manage data better, provide visual decision support information, support planning and be able to easily distribute and view the information across the entire enterprise.
''Acxiom's clients will have access to business solutions that are data enabled with the most comprehensive and accurate data sources available,'' said Colin Matthews, President of Sedona. ''Additionally, Axciom's Solvitur CIMS initiative fits extremely well with our vision and direction to develop and deploy web enabled business solutions that offer benefits to users throughout an enterprise.''
Matthews added, ''We are very excited by the very positive relationship that has developed between Acxiom and Sedona. I am confident that this initial commitment will prove to be just the beginning of a long and mutually rewarding business relationship of bringing differentiating, competitive advantage to Acxiom's customers.''
''Sedona and Acxiom are working together to tailor SpatialVision to meet clients' specific needs for integrated business solutions'' said Greg Bjorndahl, division marketing leader for financial services at Acxiom.
Larry Osterwise, President and CEO of Scangraphics, Inc. stated that ''This is this first major commitment to Sedona's SpatialVision and the one we've been looking for. Acxiom has been, and I'm sure will continue to be, a demanding customer that has brought out the best from our team. Coupling their approach, with the spatial software and services of the Oracle Corporation (NADSAQ: ORCL) and the query and visualization capabilities of SpatialVision will provide customers with a significant competitive advantage. I'm confident the relationship with Acxiom and Oracle will continue to grow and that this is just the beginning for Sedona and SpatialVision.''
Developed purely with Sun Microsystems' Java(TM) (NASDAQ: SUNW - news), SpatialVision is platform independent and has been designed for optimal performance and deployment via the Internet and corporate Intra and Extranets. Use of Java enables simple, cost effective customization, adaptation to various environments and rapid development of complimentary and discipline-specific applications. SpatialVision integrates with Oracle8i Spatial and can be run locally, remotely or through a web browser.
About Acxiom...
Acxiom Corporation provides a wide spectrum of data products, data integration services, mailing list services, modeling and analysis, and information technology outsourcing services as well as data warehousing and decision support services to major U.S. and international firms. Acxiom is a member of the Direct Marketing Association (DMA), Internet Alliance (formerly the Interactive Services Association - ISA), the Individual Reference Services Group (IRSG), and the Online Privacy Alliance (OPA). Acxiom supports the Fair Information Practices standards of these organizations. Founded in 1969, Acxiom is headquartered in Conway, Arkansas, with operations throughout the United States and in the United Kingdom, France and Spain. Acxiom's World Wide Web address is (URL) www.acxiom.com or e-mail to info@acxiom.com. Acxiom's toll free number is 1-800-922-9466. Acxiom is a registered trademark of Acxiom RTC, Inc. Solvitur is a trademark of Acxiom Corporation.
About Sedona...
Sedona GeoServices, Inc., a Scangraphics company, develops and markets enterprise scale business geo-intelligence solutions that focus on ease of use, interoperability, Internet accessibility and intuitive visualization of geographic components of enterprise data. Through strategic industry alliances, Sedona is uniquely positioned to address the needs of Oracle database customers. The vision of the company is to enable business clients to turn warehoused data into relevant visual information from which informed decisions are made to swiftly improve bottom-line results. For more information about Sedona go to www.sedonageo.com.
About Scangraphics...
Scangraphics Inc. (NASDAQ: SCNG - news), headquartered in Limerick, Pennsylvania, is comprised of three operating companies: Sedona GeoServices, Tangent Imaging Systems(TM), and Technology Resource CentersSM. Scangraphics has business partnerships or alliances with such companies as Oracle Corp. (NASDAQ: ORCL - news) and Sun Microsystems, Inc. (NASDAQ: SUNW - news). Its products are marketed internationally through systems integrators and distributors. Scangraphics and its operating companies can be found on the Web at www.scangraphics.com.
About Oracle...
Oracle Corporation is the world's leading supplier of software for information management, and the world's second largest software company. The company offers its database, application server, tools and application products along with related consulting, education and support services, in more than 140 countries around the world. For more information about Oracle, please call 650-506-7000. Oracle's World Wide Web address is www.oracle.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.
Sedona and Scangraphics are registered trademarks of Scangraphics Inc. SpatialVision, Tangent and Tangent Imaging Systems are trademarks of Scangraphics Inc. Technology Resource Centers, Inc. is a servicemark of Scangraphics, Inc. All product names are trademarks or registered trademarks of their respective companies.
Contact:
Sedona GeoServices, Inc. Acxiom Corporation
Deborah Radman Marice Gardner
(212) 972-2918 (501) 336-1264
dradman@brwpr.com mgardn@acxiom.com
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