NEWS /
News article received, Thursday, August 05, 1999 5:14:39 AM EST
Eastern Software Selects FutureLink as Recommended ASP Provider for Its Empower Software Products
IRVINE, Calif., Aug 5, 1999 (BUSINESS WIRE via COMTEX) -- FutureLinkDistribution Corporation (NASD:OTC:BB:FLNK), a leading application service provider (ASP), today announced an alliance with Eastern Software Corporation, leading providers of loan origination software.
As stated in the terms of this agreement, FutureLink will provide application hosting and management services for Eastern Software customers utilizing the Citrix MetaFrame(TM) thin-client platform when implementing Eastern Software's Empower(TM), state-of-the-art loan origination software. Eastern Software has chosen FutureLink to be its recommended Application Service Provider for its customers seeking business-critical application hosting, outsourcing and business practices consulting for thin-client implementation.
"FutureLink recognizes that the financial services market possesses tremendous potential for the ASP model," said Cameron Chell, CEO of FutureLink. "Eastern Software is a distinguished leader in the loan origination systems industry, evident by their expansive and well-positioned customer base. We are confident that our combined efforts will ultimately provide Eastern Software's thin-client customers with a lower total cost ofownership."
As stated in the terms of the agreement, Eastern Software will recommend FutureLink to host and manage Empower software licenses to Citrix MetaFrame thin-client customers. FutureLink, at the forefront of ASP vendors, provides small and mid-size businesses with outsourced solutions for a monthly fee. In addition, FutureLink and Eastern Software will also partner for several key co-marketing initiatives.
"FutureLink's complete suite of ASP capabilities can offer current and future Empower customers an affordable deployment methodology coupled with a true understanding of the mortgage banking industry," said Al Bartello, vice president of West Coast operations with Eastern Software Corporation. "With FutureLink, the Empower user employing thin-client capabilities will benefit from proven design, reliability, scalability, faster performance -- all transparently at the desktop. FutureLink will be a valuable partner in expanding our customer base and offerings in this rapidly growing market."
About Eastern Software Corporation
Eastern Software's products address every major lending area including mortgage, home equity, wholesale, retail, sub-prime, consumer, and commercial markets. Eastern Software's customers include banks, savings institutions, mortgage bankers, wholesale lenders, credit unions, and non-conforming lenders. Empower(TM) is a 32 bit, Client/Server application with a truly open architecture. Native SQL drivers are included to several databases including Oracle, Sybase, Microsoft SQL, Interbase, DB2 and Informix. Its features include multi-dimensional workflow, task management and advanced queuing, user configurable AI (Artificial Intelligence) engine, on-line loan decisioning, imaging, WYSIWYG document tools and complete system development and modification tools. The system offers connectivity to a wide array of lending industry services and to the Internet.
For more information, contact Eastern Software Corporation 800-441-0830, or visit the company's Web site at eastsoft.com.
About FutureLink Distribution Corp.
FutureLink is a founder and leader of the Application Services Provider (ASP) industry. According to Forrester Research Inc., the application outsourcing market is projected to reach $20 billion by 2001. FutureLink provides small and mid-sized businesses (10-1,000 employees) with off-site, Internet-based computing, allowing subscribers to minimize hardware/software upgrade cycles, precisely control total cost of technology ownership and focus on theircorebusinesses.
FutureLink, "The Computer Utility Company," offers computer and information service as transparently and reliably as today's utilities deliver electricity, water and telephone services. FutureLink's expertise in application hosting on a monthly subscription basis, outsourcing and facility management, and business practices consulting enables the company to offer an all-inclusive, trouble-free computing service.
With the announced acquisition of Micro Visions, set to close by the fourth quarter, FutureLink becomes the #1 Citrix reseller and integrator of server-based computing systems, which form the foundation of FutureLink's ASP Computer Utility Service. This allows FutureLink's ASP subscribers to access virtually any software application, across any type of network connection via any type of client hardware at a predictable monthly price.
Headquartered in Irvine, California, FutureLink delivers its integrated ASP services exclusively through its channel partners throughout North America. For more information, please contact FutureLink toll-free at (877) 216-6001; e-mail: sales@futurelink.net; or visit the FutureLink Web site at futurelink.net.
Forward-looking statements and comments in this news release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the transaction and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the company from time to time with the Securities and Exchange Commission in the future.
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