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Technology Stocks : Edify (EDFY) IPO -- Any Comments?

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To: Stephen McKenzie who wrote ()5/4/1999 9:14:00 AM
From: TLindt  Read Replies (2) of 355
 
(PR NEWSWIRE) Transamerica Goes Live With HOT Applications Built on Edify'
Transamerica Goes Live With HOT Applications Built on Edify's Employee Service
System

Web-Based HR Applications Tightly Integrate With PeopleSoft 7

SANTA CLARA, Calif., May 4 /PRNewswire/ -- Edify Corporation
(Nasdaq: EDFY), an Internet and voice e-Commerce portal solution provider,
announced today the successful deployment of its leading Web-based Employee
Service System at Transamerica Corporation (NYSE: TA), a diversified financial
services company. This suite of applications, named Handy Online Transaction
or "HOT" within Transamerica, enables Transamerica's employees located
throughout the U.S. to automatically update and obtain information -- "any
time, anywhere" -- without paperwork or the assistance of human resource
staff. The applications were up and running within six months from the date
of purchase. They are tightly integrated to Transamerica's PeopleSoft 7 HRMS
system, via the Employee Service System integration server. Unique
development and configuration tools within the Employee Service System enabled
Edify's Professional Services Group to successfully deploy as well as
customize the look and feel of the Web-based applications so that they are
consistent with other Transamerica applications and paper forms and reflect
Transamerica's corporate identity.
"Within one week of HOT going live, we received very enthusiastic,
unsolicited reviews from our employees," said Brett Garlick, director of HR
Technology Services, Transamerica Corporation. "The successful rollout
culminates a process started at last year's national IHRIM conference in
Nashville, during which we identified the leading employee self service
vendors. After asking them to come to Transamerica for a personal
demonstration, we asked the best of them to prepare a proof of concept.
Edify's software package, its integration to PeopleSoft 7, along with its
development tools, object-oriented drag and drop configuration, and easy
maintenance, set it apart as the clear choice for Transamerica."
Garlick said Transamerica plans to roll out additional Edify applications
for benefits open enrollment, time and attendance and manager self service
over time.
"Transamerica joins a growing number of enterprises successfully deploying
our leading employee facing self service suite of applications and benefiting
from our tight integration to PeopleSoft," said Kevin Dobbs, director of
Edify's Employee Relationship Management Group. "Our goal is to automate
redundant HR business processes in order to free personnel to focus on
providing a higher level of service, while giving employees and managers more
control and access to their benefits, payroll, and HR policies and
procedures."

Employee Service System -- The Industry's Leading Human Resource Self
Service Solution
The Edify Employee Service System is an integrated suite of self service
applications that strengthens relationships between organizations and
employees by streamlining, automating and managing the workflow of numerous HR
processes such as open enrollment and performance reviews, and by performing
personal information updates, electronic paystub retrieval, and more. Among
Edify's human resources customers are 13 of the Top 100 U.S. employers, and
46 of the Top 500 employers.
The Employee Service System integrates with a wide range of back office
systems such as PeopleSoft, SAP and Tesseract. It is the only solution that
extends the reach of self service for true "anytime, anywhere" service with a
variety of access options including Web, telephone and kiosk.
The Employee Service System provides an extended, open architecture,
powerful visual development tools, and is based on Microsoft's Windows NT(R)
platform for excellent scalability, security and integration with data sources
throughout the enterprise.

About Transamerica
Transamerica Corporation is a diversified financial services company
providing life insurance, consumer lending, commercial lending, leasing and
real estate services. Additional information can be obtained at
transamerica.com.

About Edify Corporation
Edify Corporation provides Internet and voice e-Commerce portal solutions
that help companies intelligently manage customer and employee relationships
across the enterprise. The company's software offers organizations the means
to automate, integrate, and personalize interactions with customers and
employees through multiple channels, yielding stronger, more profitable
relationships. The company's software has been licensed to more than
1250 organizations worldwide and is distributed directly and through leading
solutions providers, application partners, and distributors around the globe.
With more than 470 employees, Edify Corporation is headquartered in Santa
Clara, California with international headquarters in London, England.
Additional information about Edify may be obtained by calling 408-982-2000
(USA) or 44-181-263-2710 (Europe, Middle East, Africa) or via the World Wide
Web at edify.com.

Forward Looking Statements
The matters set forth in this press release, such as statements relating
to Employee Services System (ESY), are forward looking and are subject to a
number of risks and uncertainties that could cause actual results to differ
materially. Although employee self service has been available in various
forms for many years, there can be no assurance that consumers will accept
employee self service or the company's products, including ESY, in sufficient
numbers to make employee self service or the company's products successful.
In addition, given the uncertainties of software development, there can be no
assurance that the company or its customers will be able to implement
applications in the anticipated time frames or with the anticipated features,
functionality or benefits. Further information on the important factors that
could affect the results or outcomes discussed in the forward-looking
statements is included in Edify's Annual Report on the Form 10-K and its other
reports filed from time to time with the Securities and Exchange Commission.
NOTE: Windows is a registered trademark of Microsoft Corporation in the
USA and/or other countries. Edify is a registered trademark of Edify
Corporation.

SOURCE Edify Corp.
-0- 05/04/99
/CONTACT: Renee Wildman of Edify Corporation, 408-982-2014, or
reneew@edify.com/
/Web site: transamerica.com
/Web site: edify.com
(EDFY TA)

CO: Edify Corp.; Transamerica Corporation
ST: California
IN: CPR
SU:


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