Alydaar Software enters into marketing alliance with European systems designer Chase Technology Group to provide a low cost, comprehensive Year 2000 conversion program.CHARLOTTE, N.C.--(BUSINESS WIRE)--May 23, 1996--Alydaar Software Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ALYD), announced today that it has formed a cooperative alliance with the Chase Technology Group to market Alydaar's cost effective, comprehensive Year 2000 conversion services. Robert F. Gruder, chairman of Alydaar Software, said, "We are extremely pleased about our alliance with Chase Technology, whose clients are spread across most major corporate environments, including the BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. , Ford, Jaguar, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , Time Out, Thomsons, Associated Newspapers, and Barclaycard. This should bring us important new international business." Chase Technology, based in the United Kingdom, is a computer hardware and software system provider with specialties in publishing industry software, connectivity solutions, stock control and sales ledger A sales ledger contains the personal accounts of customers to whom the business has sold on credit. (The basis of their reputation; they are the debtors.) It records information such as invoices issued, credit notes issued and payments received. systems, tape library and management solutions, and value added reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). of hardware and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The company is in the process of adding project managers and mainframe specialists to deal specifically with Year 2000 issues. Chase Technology Group has its headquarters in Fullham, London, overlooking o·ver·look tr.v. o·ver·looked, o·ver·look·ing, o·ver·looks 1. a. To look over or at from a higher place. b. the Thames River, with additional software development offices across the South of England. A further office is being assessed to house the teams working on the Alydaar project. Chase has experienced significant growth, doubling in size every twelve months, as its client base expands. Chase is currently recruiting several project managers and mainframe specialists and expects to take on up to 100 additional staff members over the next 18 months to focus on Year 2000 issues. Gruder said, "The marketing alliance with Chase Technology is intended to provide European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. firms with a low cost, comprehensive, Year 2000 solutions for the century-date-change market. The alliance will use Alydaar's proprietary SmartCode(TM) software and technology for the automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. systems conversion while Chase Technology will provide its expertise for computer systems hardware and software solutions. These complementary strengths will allow us to address the full life cycle of a Year 2000 conversion, providing total solutions for the Year 2000." Chris McAuley, managing director of Chase Technology said, "We are tremendously excited about this agreement with Alydaar, which we see as very important strategically. It offers huge opportunities, both for Chase in terms of expanding the services we offer, and for attracting new customers to the Group. Alydaar is ideally positioned to take advantage of the market presence offered by Chase. "Our longer term view for Alydaar is clearly to Europe, but for the immediate task in hand, we have embarked on an aggressive recruitment campaign to secure more top-quality project managers. This will further strengthen our existing skill set, which has enabled the deal between our companies to happen." Alydaar Software Corp. is a software engineering firm offering successful translation and migration reengineering solutions. Alydaar has developed a total solution to repair large software systems impacted by the Year 2000 problem Year 2000 problem, Y2K problem, or millennium bug, in computer science, a design flaw in the hardware or software of a computer that caused erroneous results when working with dates beyond Dec. 31, 1999. utilizing its SmartCode(TM) technology. This SmartCode core reengineering technology is based on a highly flexible Artificial Intelligence language. SmartCode can examine and understand a company's entire software system and identify inherited inherited received by inheritance. inherited achondroplastic dwarfism see achondroplastic dwarfism. inherited combined immunodeficiency see combined immune deficiency syndrome (disease). date-sensitive characteristics. The system will evaluate date-solution opportunities and difficulties and reengineer software to incorporate the necessary corrections. Currently, no other organization has the translation and migration capabilities of Alydaar, and it is the only company which can guarantee performance, style, and functionality of its reengineering services. CONTACT: Alydaar Software Robert F. Gruder, 704/365-2324 or Chase Technology Group Chris McAuley, (44) 171-736-4455 |
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