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Technology Stocks : Veramark Technologies Inc. (Nasdaq: VERA)
VERA 24.08-1.0%3:59 PM EST

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To: J_W who wrote (46)3/2/1999 10:10:00 AM
From: E. Graphs  Read Replies (1) of 221
 
Veramark Signs Kanbay as System Integrator

biz.yahoo.com

>>Veramark Technologies, Inc. (Nasdaq National Market:VERA) today announced that it has signed an agreement with Kanbay Incorporated of Rosemont, Illinois, under which Kanbay will provide worldwide implementation support and customization services in connection with Veramark's VeraBill product.

>>VeraBill is a comprehensive billing and customer care system for wireline, wireless and other network service providers with up to 400,000 subscriber access lines. Twenty-two VeraBill systems are installed and operating today for carriers on five continents. VeraBill is marketed primarily through business partners including Alcatel AG (NYSE:ALA - news), Nokia Telecommunications (NYSE:NOK.A - news), and Lucent Technologies (NYSE:LU - news).

>>John King, Veramark's Vice President of Product Management, commented, ''The purpose of this agreement is to ensure that demand for VeraBill licenses does not outstrip our ability to provide professional services simultaneously to multiple customers throughout the world. Kanbay employees now being trained to implement VeraBill will supplement the implementation staffs of VeraBill and our distribution partners. We were particularly impressed by Kanbay's experience with billing and customer care applications and by their extensive international presence. The addition of Kanbay significantly strengthens the VeraBill team.''

>>Founded in 1987, Kanbay Incorporated is an IT consulting firm utilizing a multi-site approach to deliver system integration solutions. With headquarters in the Chicago area, Kanbay has offices in Seattle, Newport Beach, Hartford, Hong Kong, Singapore, London, and a software development center in India.

>>Charles Crenshaw, Vice President of Kanbay's Telecommunications Industries Group, stated, ''An integral part of the strategic focus for Kanbay's telecommunications industry practice is providing implementation and integration services for the very best telecommunications applications in the industry. Veramark and its VeraBill product exceed all of our criteria for partner selection. We believe that the marketplace will judge VeraBill to be one of the hottest contenders for market leadership in billing and customer care. We expect our relationship with Veramark to provide both of our companies with significant worldwide growth opportunities.''....<<
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