Astea Announces Agreement With Stratman Software.HORSHAM, Pa.--(BUSINESS WIRE)--Sept. 30, 1997 --New agreement provides Astea International customers with "best of breed" business solution for optimizing service part inventories-- Astea International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATEA) today announced a new distribution agreement with Stratman Software of Avon, Connecticut Avon is a town in Hartford County, Connecticut, United States. As of 2005, the town has an estimated total population of 17,209.[1] Avon was settled in 1645 and was originally a part of Farmington but sold to the Puritans in a land charter granted by the Duke of for global sales and installation of OSQ OSQ Ordered Sequence Optimum Service Quantity(tm) software in conjunction with DISPATCH-1(tm), Astea's industry's leading customer service application, and ServiceAlliance(tm), Astea's new integrated service automation software. The bottom line for Astea DISPATCH-1 and ServiceAlliance users is that they can minimize their inventory levels, yet retain the optimum amount of inventory in their various locations required to provide the highest level of service to their customers. The Stratman OSQ Optimum Service Quantity package enables Astea's customers to optimize planning and management of their service and spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. inventory. It sets the proper stocking level for each part based on the stocking location's individual needs, automatically identifies future needs without manual intervention, and operates inventory at the lowest possible investment while achieving higher service goals and better asset management. An interface between DISPATCH-1 and OSQ already exists and one is being developed for ServiceAlliance. "Typically, installation takes less than thirty days for new installations requiring the integrated products," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dan Hojlo, Stratman's Director of Sales. "Seamless. It's beautiful. I love it," said Matthew Barbagallo, Parts Procurement Specialist at Giesecke & Devrient LP of Reston, Virginia Reston is an internationally known planned community whose goal was to revolutionize post-World War II concepts of land use and residential/corporate development in American suburbia. about their use of the integrated version of DISPATCH-1 and OSQ. "Obviously, we're very happy with the integration of these two packages. We've been using this integrated version since the first of the year, and since we're already a DISPATCH-1 user, having this new capability makes a lot of sense. OSQ is the best package we've seen, and making it available has certainly improved the way we do business, especially since we were doing everything previously on a spreadsheet. The savings? You can easily say it's in the millions." "Interfacing to Stratman's OSQ product builds on Astea's strategy to leverage the vast array of information maintained in DISPATCH-1 through integration with 'best of breed' partners," said Bill Fletcher Bill Fletcher is a Republican politician from the U.S. state of North Carolina. Fletcher was the Republican nominee for the position of North Carolina Superintendent of Public Instruction in the North Carolina Council of State election, 2004. , Senior Program Manager for DISPATCH-1 at Astea. "In a rapidly changing technological world, companies are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. information integration to maintain their competitive edge. The OSQ product's state-of-the-art technology and ease of use make it an ideal companion to DISPATCH-1." The Stratman OSQ Software is designed exclusively for service parts inventory forecasting and planning. It incorporates Stratman's unique Part Criticality Planning Logic methodology, which classifies parts based on their effect on equipment uptime and reliability. "By tracking the value of parts as well as their availability, the system can provide a client with an immediate return on investment through development of an inventory reduction program for excess stock. The savings can be on the average of 30% or more," said Richard F. Vaccaro, President of Stratman Software. "OSQ's unique core logic is based on classifying inventory as to the criticality of the part and the probability of failure. As a result, OSQ can identify those parts that have the greatest impact on customer satisfaction as well as those parts that are over-stocked. This provides an inventory plan designed to optimize service locations' inventories, maximize availability and minimize inventory investment." This agreement between Stratman Software and Astea International allows all Astea customers to more efficiently acquire an effective and affordable service parts planning solution. "With the launch of our latest OSQ Version 3.2, with Astea we can both reach a wide range of service organizations needing such a solution on a national and international basis," Vaccaro said. About Astea International Inc. Astea International develops client/server-based customer interaction software that enables organizations to automate their customer support, field service, and marketing and sales operations. This includes DISPATCH-1, the industry's leading customer service application with over 400 customers worldwide; ServiceAlliance, the first integrated service automation software that enables medium-sized organizations to utilize the business functionality and best practices that, until now, only the larger Fortune 500 companies could deploy; the Abalon sales and marketing solution; and HEAT(tm), the leading helpdesk product from the Bendata division. Astea markets its products through a direct sales and services network throughout North America, Europe, Israel, Asia, Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . The company's customer base of approximately 3,500 companies and 75,000 end users includes such industry leaders as GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Customer Networks, Siemens Business Communications Systems, the Swedish PTT (1) (Postal, Telegraph & Telephone) The governmental agency responsible for combined postal, telegraph and telephone services in many European countries. (2) See push-to-talk. PTT - Post, Telephone and Telegraph administration , Chevron and Sprint. Astea can be reached at (215) 682-2500 or via the World Wide Web at www.astea.com . About Stratman Software Stratman Software International, Inc. was founded by its parent company, Stratman Group, Inc., an aftermarket and spare parts consulting firm, to market their unique service parts inventory management application Optimum Service Quantity (OSQ). Current customers include such companies as Siemens Medical, the Tennessee Valley Authority Tennessee Valley Authority (TVA), independent U.S. government corporate agency, created in 1933 by act of Congress; it is responsible for the integrated development of the Tennessee River basin. (TVA TVA: see Tennessee Valley Authority. ) and Data General, Monroe Business Systems and Bell & Howell. OSQ was developed and tested over an eight year period and is based upon the in-depth knowledge acquired by their parent company. Stratman Software can be reached at (800) 551-0499. -0- This press release contains forward-looking statements which are made under the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and involve a number of risks and uncertainties that could materially affect future results. Among these risk factors are continuing acceptance of Astea's products, general competitive pressures in the marketplace, and the continued overall growth in the customer interaction software industry. Further information regarding these as well as other key risk factors and meaningful cautionary statements which could affect the Company's financial results are included at length in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 1996, filed with the Securities and Exchange Commission. CONTACT: Astea International Inc. Bob Ingersoll, 215/682-2500 bingersoll@astea.com or Southard Communications Jeyran Chara, 212/777-2220 Jeyrang@aol.com |
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