Charlie,
I think we are going to be OK here...
Monday July 17, 6:01 am Eastern Time
Company Press Release
S1 Corporation Expands Its Presence in Rapidly Emerging Latin American Market
-- S1 Continues to Execute on Global Expansion Strategy, Forges Relationship with Unisys --
ATLANTA--(BUSINESS WIRE)--July 17, 2000-- S1 Corporation (NASDAQ:SONE - news), a global provider of innovative eFinance software and services, announced today it has established a relationship with the Latin America and Caribbean Group of Unisys Corporation (NYSE:UIS - news), a global, $7.5 billion solutions provider. As part of this agreement, Unisys will provide Latin America's leading financial institutions with the S1 Retail Banking and S1 Business Banking solutions to further strengthen customer relationships, generate revenue and rapidly execute on their Internet strategies.
``This alliance with Unisys represents an important milestone in our global expansion strategy to become the standard platform for Internet-based financial services worldwide,'' said Charles W. Ogilvie, general manager of S1 Corporation. ``Through Unisys we will ensure that new and existing customers in Latin America obtain the localized services and comprehensive range of solutions they need in order to compete effectively in this demanding market.''
The Latin American market is rapidly embracing the Internet and adopting online financial services and other advanced technologies. Lehman Brothers' August 1999 report on the Internet and Latin America declares the region to be the ``Next Virtual Frontier'' and predicts that Internet users are going to grow from 7.4 million to between 27 and 34 million by 2003.
This relationship plays a key role in S1's global expansion, as the Company will leverage Unisys' presence in Latin America, including Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela. S1 will gain an additional distribution channel for its Internet-based financial services solutions and an opportunity to build upon Unisys' existing relationships with the region's leading institutions. Unisys will also enhance S1's ability to provide global banking capabilities to its existing customers. The companies will collaborate to localize the S1 Retail Banking and Business Suite applications for the Spanish and Portuguese speaking markets.
``Unisys has been doing business in Latin America for more than 75 years. Long ago we recognized the growth potential and stability of Latin America's financial services market and began establishing strong relationships with the region's leading institutions,'' said Bob Cook, president of Unisys Latin America and Caribbean Group. ``S1 is uniquely qualified to assist us in delivering the solutions institutions need to launch Internet banking initiatives and maintain a competitive pace in this evolving market.''
S1 Retail Banking solution provides a targeted way for financial institutions to deliver Internet banking services. Ideal for both small- and mid-sized financial institutions, S1 Retail Banking enables users to take advantage of a full array of services, including bill payment, funds transfer, transaction reporting, account statements, e-mail correspondence and even support for Quicken and MS Money software. In addition, multi-lingual, multi-currency options allow financial institutions to offer electronic banking capabilities to their customers around the world.
The S1 Business Suite is an NT-based commercial banking solution that goes beyond point solutions to provide integrated, business-critical functionality, allowing banks to target the unique needs of small and emerging businesses. As a business banking platform, it combines Web-based cash management and other services with intelligent customer care applications for customer service representatives and relationship managers. By enabling financial organizations to provide a wide range of online financial services to their business banking customers, the S1 Business Suite plays an important role in extending customer relationships, improving long-term customer profitability, and creating competitive advantage.
About S1 Corporation
S1 (Nasdaq:SONE - news), the pioneer of Internet banking, is today's leading global provider of innovative, Internet-based financial services solutions. S1 offers a broad range of applications that empower financial organizations to increase revenue, strengthen customer relationships and gain competitive advantage by meeting the evolving needs of their customers across various lines of business, market segments and delivery channels. Through its professional services organization, S1's applications can be implemented in-house or outsourced to the S1 Data Center. Additional information about S1 is available at s1.com.
About Unisys
Unisys is an electronic business solutions company whose 36,000 employees help customers in 100 countries apply information technology to seize opportunities and overcome challenges of the Internet economy. Unisys people integrate and deliver the solutions, services, platforms and network infrastructure required by business and government to transform their organizations for success in this new era. The company offers a rich portfolio of Unisys e-@ction Solutions for electronic business based on its expertise in vertical industry solutions, network services, outsourcing, systems integration and multi-vendor support, coupled with enterprise-class server and related technologies. The primary vertical markets Unisys serves worldwide include financial services, transportation, communications, publishing and commercial sectors, as well as the public sector, including federal government customers. Unisys is headquartered in Blue Bell, Pennsylvania, in the Greater Philadelphia area. For more information on the company, access the Unisys home page on the World Wide Web at www.unisys.com. Investor information can be found at www.unisys.com/investor.
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Contact:
Sterling Hager, Inc.
Tracey Frederickson, 617/926-6665 ext. 327
tfrederickson@sterlinghager.com |
