Acxiom Validates Revolutionary Customer Data Integration Technology; AbiliTec Provides Enhanced Customer Knowledge At Significant Cost Savings.Business Editors & High Tech Writers LITTLE ROCK, Ark.--(BUSINESS WIRE)--Jan. 10, 2000 Acxiom(R)(Nasdaq: ACXM) announced today the successful validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of its customer data integration AbiliTec(SM) technology with the completion of the "Second One Hundred Days Project." That project resulted in substantial improvements in the cost and speed of combining (or appending) data and substantially improving the accurate matching of valid names and addresses. "The results are truly breakthrough, with cycle times reduced over 75 percent, more than 50 percent reduction in computer processing, up to 20 percent reduction in man hours, and dramatic improvements in matching rates which yield high rates of return for our customers," said Rodger Kline, Company Operations Leader. "With only partial results tabulated, teams for five major customers documented potential hard dollar customer cost savings in mailing costs alone exceeding $50 million annually and identified significant new revenue opportunities for Acxiom. These stunning results considerably exceeded our expectations. Rarely can a company adopt and implement a new technology as quickly as our associates did with AbiliTec. We are very proud of the job they have done." On December 14, 1999, the Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. released a profile titled "Acxiom's AbiliTec: Key to Creating a Total Customer View (www.acxiom.com/abilitec/aberdeen.pdf). The report defines the usefulness of AbiliTec to companies keen on optimizing their customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) capabilities. Because AbiliTec allows a unified view of the customers across multiple business lines and databases, it facilitates true CRM. In this role, AbiliTec works as a customer data integration product that, when linked to Acxiom's comprehensive knowledge base of consumer and business name and address repositories, supplies a single, accurate view of an individual. The Second One Hundred Days Project was initiated to test, validate and apply the AbiliTec technology internally on a broad scale and fast path it into major customer data integration applications. Participation was strictly voluntary and open to all customer service teams at Acxiom. Seventy-one customer account teams successfully met the requirements for completion and will participate in the AbiliTec Winners Circle recognition program. "We believe that there is no better test bed for AbiliTec than the large-scale custom database and data warehouse solutions that Acxiom builds every day for major blue chip companies," said Charles Morgan Charles Morgan is the name of:
Kline continued, "The 71 project teams that reached the AbiliTec Winners Circle have proven that this new technology will have substantial benefits for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , insurance, retail, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and technology industries, as well as the traditional direct marketing industry." Acxiom is presently offering AbiliTec licenses to clients who are integrating large amounts of customer information for full-scale CRM implementations or standard customer database management initiatives. AbiliTec has already attracted two major partners, Dun & Bradstreet and Abacus, and is being implemented by select key customers, including Deluxe de·luxe also de luxe adj. Particularly elegant and luxurious; sumptuous: deluxe accommodations; a de luxe automobile. adv. Corporation. The company expects several additional licenses to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. over the next few months. About Acxiom Corp. Acxiom Corporation provides a wide spectrum of data products, data warehousing See data warehouse. data warehousing - data warehouse and data integration services, mailing list An automated e-mail system on the Internet, which is maintained by subject matter. There are thousands of such lists that reach millions of individuals and businesses. New users generally subscribe by sending an e-mail with the word "subscribe" in it and subsequently receive all new services, modeling and analysis, and information technology outsourcing Information Technology Outsoucing or ITO is a company's outsourcing of computer or Internet related work, such as programming, to other companies. It is used in refence to Business Process Outsourcing or BPO, which is the outsourcing of the work that does not require so much services to major U.S. and international firms. Founded in 1969, Acxiom is headquartered in Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry , with operations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in the United Kingdom, Australia, France and Spain. More information is available on www.acxiom.com. Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Potential risks and uncertainties include, without limitation, that the AbiliTec technology will provide (1) cycle times reduced over 75 percent (2) more than 50 percent reduction in computer processing (3) up to 20 percent reduction in man hours required (4) dramatic improvements in matching rates which yield high rates of return for our customers (5) hard dollar customer cost savings in mailing costs alone exceeding $50 million annually for five major customers (6) significant new revenue opportunities for Acxiom (7) a single unified view of customers across multiple business lines and databases (8) a revolutionary new technology for customer data integration (9) substantial benefits for financial services, insurance, retail, telecommunications, and technology industries as well as the traditional direct marketing industry and (10) several additional licenses to be announced over the next few months. Other factors are detailed from time to time in the company's press releases, periodic reports and registration statements filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release any revision to any forward looking statement to reflect any future events or circumstances. |
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