[ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire ]
Monday November 9, 8:00 am Eastern Time
Note: this article has been superseded by a later
article.
Company Press Release
SOURCE: Viasoft, Inc.
ING Bank NV Selects Viasoft's Bridge for Euro for IT
Currency Conversion Project
BRUSSELS, Belgium, Nov. 9 /PRNewswire/ -- Viasoft, Inc. (Nasdaq: VIAS - news), an
international provider of business solutions to help companies manage and evolve their
information technology (IT) assets, announced today that ING Bank NV of the Netherlands
has chosen Viasoft's Bridge(TM) for Euro software to help with its euro currency
conversion project. ING Bank NV is part of the ING Group, one of the largest financial
services groups in the world. Bridge for Euro is part of Viasoft's complete workbench of
software and services for euro conversion of IT systems.
According to an ING Bank spokesperson, ''ING Bank carried out a detailed evaluation and
test of Viasoft's Bridge for Euro. For ING Bank to accept such a tool, it must offer the
highest level of performance, reliability and consistency in its currency conversion
functionality. Our tests have shown that Bridge for Euro meets all of these criteria.''
''We are pleased that a bank with the size and stature of ING Bank has selected Viasoft to
assist with its euro IT project,'' said Bennie Peleman, Viasoft General Manager, Benelux.
''We hope in the future to expand our current offerings to provide ING with Viasoft's
best-of-breed technology to help ING Bank further maximize its return on investment in
IT.''
The euro is scheduled to replace many national European currencies beginning Jan. 1,
1999. Old national currencies will be withdrawn in 2002, and physical euro currency will
then go into circulation. Technology industry analysts estimate the problem to be more
complex than the year 2000 computer problem and calculate the overall cost to businesses
in Europe to be more than $100 billion and to businesses in North America to be $25
billion.
About Viasoft's Euro Solution
Viasoft's euro solution combines both services and technology to help organizations
manage the currency changeover. It incorporates exciting advanced currency-conversion
technology into Viasoft's highly successful Existing Systems Workbench(R), a
comprehensive, integrated toolkit for effectively managing and evolving existing
mainframe systems. The robust suite of conversion tools enables IT organizations to
manage dual-base currencies, move to a common European currency, and take advantage of
the strategic business opportunities the euro affords.
About ING Bank NV
ING Bank NV has a network of 370 offices throughout the Netherlands. Through its
branch network, it offers a complete range of financial services for both private and
corporate customers. In addition to traditional retail banking services, such as mortgages,
savings, investment, insurance and funds transfer, the bank provides entrepreneurs with
solutions tailored to their business in the fields of finance, domestic and international funds
transfer and insurance.
ING Bank NV is part of ING Group, a global diversified financial services company based
in the Netherlands. ING Group provides banking, insurance and asset management services
to its clients in 59 countries with 81,000 employees. ING has total assets of US $450
billion, a net income of US $ 900 million over the first three months of 1998 and a market
capitalization of US $65 billion.
About Viasoft
Viasoft is a leader in integrating, managing, maintaining, reusing and modernizing IT
systems to help companies realize the highest returns on their investments in information
technology. The Company provides business solutions, consisting of integrated software
and specialized professional services, designed to enable customers worldwide to
cost-effectively manage and evolve their information technology assets. Viasoft's flagship
products are the Existing Systems Workbench, a comprehensive, integrated toolset that
enables the management and modernization of existing systems; Rochade(TM), an
enterprise repository environment; and the OnMark 2000(TM) suite of tools for the
desktop and client/server year 2000 challenge.
Headquartered in Phoenix, Ariz., Viasoft provides sales and services through regional
offices in the United States, Canada, Australia, Europe and a growing network of
international subsidiaries and distributors. For more information, visit the Company's
World Wide Web site at www.viasoft.com.
Viasoft(R) is a registered trademark of Viasoft, Inc. The statements made in this press
release that are not historical facts contain forward-looking information that involves risks
and uncertainties. Important factors that may cause actual results to differ include, but are
not limited to, market demand and acceptance, the impact of competitive products and
services, risks associated with results and timing of technology development and
commercialization, the Company's ability to manage growth and acquisitions of technology
or businesses, the effect of economic and business conditions including risks inherent in
international operations and the ability to attract and retain technical personnel, risks
associated with, as well as the Company's ability to manage, a consulting services business
and other risks detailed from time to time in the Company's Securities and Exchange
Commission filings.
SOURCE: Viasoft, Inc. |
