MITK presently at 1 5/8 on Nasdaq...company had excellent 1st qtr and I think they will have a good year:
gpg
Mitek Systems and Optika Agree to Jointly Market a
Financial Forms Processing Solution
Mitek's Automated Forms Processing Capabilities Will Provide Optika
eMedia Customers With Enhanced Solution
SAN DIEGO--(BUSINESS WIRE)--March 25, 1999-- Mitek Systems Inc. (Nasdaq:MITK - news) Thursday announced
that it recently signed a co-marketing agreement with Optika Inc. to provide a forms processing software solution specifically
for financial services applications.
Mitek and Optika plan to offer a fully integrated version of Mitek's automated forms processing solution to every customer who
purchases Optika eMedia(tm), the company's Web-based and fully integrated imaging, workflow, COLD and document
management solution.
Optika eMedia customers can elect to receive the Mitek forms processing solution free-of-charge for a one-year trial period.
After the initial year, end-users have the option to purchase a license for the product from Mitek or one of its authorized
resellers.
Optika eMedia is the industry's first extranet software suite that combines imaging, document management, workflow and
COLD applications with a Web-based architecture to manage the full range of electronic and paper-based business
transactions. Mitek's high-quality recognition results have found great success in the financial services industry.
The company expects its new document classification and dynamic field identification capabilities to provide additional benefits
to financial services application users. Mitek's pre-packaged and application specific forms processing solution will greatly
complement Optika eMedia's integrated financial services solution, providing a distinct competitive advantage in many
forms-intensive financial and banking market sectors.
William Boersing, Mitek's vice president of North American Sales, said: ''Optika already has a strong track record and
customer base in financial services applications. We are very pleased to provide Mitek's automated forms-based solution in
conjunction with Optika eMedia in support of Optika's goal to help financial institutions gain control over business
transactions.''
Steve Maegdlin, Optika's vice president of Product Marketing and Management, said: ''We are very pleased about this
partnership with Mitek and believe it will enhance our offerings to financial services customers. Providing our Optika eMedia
customers in the financial services market with the option to receive a tightly integrated recognition and forms processing
solution will enable them to more effectively manage paper-based transactions.''
Optika (Nasdaq:OPTK - news) is a leading provider of Web-commerce solutions for intranets and extranets. By leveraging the
Web, Optika's software bridges the gap between paper and electronic commerce across the enterprise and throughout supply
chains.
The company's flagship product, Optika eMedia, enables Fortune 1000 companies to efficiently and inexpensively manage the
high-volume flow of paper and electronic data associated with running today's businesses.
Optika, with headquarters in Colorado Springs, Colo., was named one of the Top 250 Technology Companies for 1998 by
Software Magazine and has been honored as a 1998 One to Watch Company by KM World. For more information about
Optika or Optika eMedia, contact the company at 719/548-9800 or visit Optika on the Internet at www.optika.com.
Mitek Systems is a worldwide leader in intelligent character recognition technology, products and services for the document
imaging markets with headquarters at 10070 Carroll Canyon Road, San Diego, 92131.
The company's document imaging software engine and intelligent character recognition products and services are used in
mission-critical and high volume data entry, data capture, and forms processing applications installed in many of the world's
leading financial institutions, manufacturing and service companies, and government organizations.
For more information about Mitek Systems, contact the company at 619/635-5900 or visit the company's Web site at
www.miteksys.com.
NOTE: Mitek is a trademark of Mitek Systems Inc. Optika® and Optika eMedia(tm) are registered trademarks or trademarks
of Optika Inc. All other product or company names may be trademarks or registered trademarks of their respective holders.
Contact:
Mitek Systems Inc., San Diego
John Thornton/William Boersing, 619/635-5900
or
The Financial Relations Board, 310/442-0599
Stacy Roughan (General Info)
Eileen Morcos (Investors)
Mary Tokita (Media) |
