BANKFIRST Chooses Vitria Solutions to Streamline Enterprise Applications; Solution Provides Framework to Support Rapid Growth.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--June 19, 2002 Vitria (Nasdaq:VITR VITR Vitria Technologies (stock symbol) VITR Visible and Thermal Infrared Radiometer ), the leading provider of innovative integration solutions, today announced that BANKFIRST, a full-service banking and credit card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. firm, has chosen Vitria's BusinessWare(R) platform to help streamline its various enterprise applications and provide the integration framework to enable the company's 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. ) initiative. In order to meet the demands of its rapidly growing credit card business, BANKFIRST needs to integrate its multiple silos of applications and information and interoperate See interoperable. with the service bureau that handles its credit card transactions. BusinessWare eliminates the need to custom code the integration interface to each individual application. With BusinessWare, BANKFIRST will be able to add new applications more rapidly, without the need for additional custom coding. With BusinessWare, BANKFIRST can streamline its back-office applications, making them work together and share information rather than existing in isolated silos. Breaking down silo walls allows BANKFIRST to leverage synergy between projects that have similar data or processing needs, for improved efficiency. Improved integration also will speed up credit card application processing by automating what was previously a manual process. This enables the company to gain new customers quickly and grow its business more rapidly. "By helping BANKFIRST take care of the 'plumbing' layer of integration to enable a more customer-centric approach to its service bureaus and legacy systems, Vitria opens the door to a host of new opportunities," said John Parker The name John Parker may refer to any of these people:
Please [ improve this article] or discuss the issue on the talk page. , Vitria. "BANKFIRST will be able to add process logic to incorporate business intelligence in marketing campaigns and to incorporate business process management workflows to internal processes for more efficient operation." For example, by incorporating business process management (BPM) workflows, the process of completing a transaction can be accelerated across all lines of business. Workflows also can help track decisions required when an exception occurs during processing. BANKFIRST's long-term goal is to establish a single, enterprise-strength platform upon which to build its business logic and integration capabilities. "While Vitria has a strong, business-focused approach to integration, we also considered their technology to be the strongest that we evaluated when making our decision," said Chuck Jones
Charles Martin "Chuck" Jones (September 21, 1912 – February 22, 2002) was an American animator, cartoon artist, screenwriter, producer, and director of animated , vice president of Information Technology, BANKFIRST. "Vitria's product was particularly strong in its business process automation capabilities." About Vitria Vitria Technology, Inc. (Nasdaq:VITR) is the leading provider of innovative integration solutions. The company pioneered the enterprise application integration market in 1994 and the use of business process management in 1997, and is now the first integration solution provider to solve integration challenges through collaborative applications. With 35 offices around the world, Vitria's customer base includes such companies as Bell South, The Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. Association, BP, DaimlerChrysler Bank, Dana, Generali, The Goodyear Tire & Rubber Company, PacifiCare Health Systems PacifiCare Health Systems (former NYSE: PHS) was a Fortune 500 healthcare company based in Cypress, California. It was acquired by UnitedHealth Group (NYSE: UNH) in late 2005, which continues to market health plans under the PacifiCare name. , Reynolds and Reynolds, Schneider Logistics, Sprint, Trane, and Trans Union, and The United States' Departments of Defense and Veteran's Affairs. For more information call 408/212-2700, email info@vitria.com or visit www.vitria.com. This press release includes 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. , including statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc new products, future revenue growth, goals and future business opportunities that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to, failure to meet financial and product expectations of analysts and investors, risk as related to market acceptance of Vitria's product and alliance partner's products, deployment delays or errors associated with these and other products of Vitria and partners, hardware platform incompatibilities, need to maintain and enhance certain business relationships with system integrators and other parties, ability to manage growth, activities by Vitria and others regarding protection of proprietary information, release of competitive products and other actions by competitors and economic conditions in either domestic or foreign markets. These and other risks related to Vitria are detailed in Vitria's Annual Report on 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 year ended Dec. 31, 2001, filed with the SEC on March 29, 2002, and in Vitria's quarterly reports on Form 10-Q Form 10-Q See 10-Q. as filed with the SEC. The final decisions regarding specific features, pricing, and availability of the products mentioned in the press release are to be determined at the sole discretion of the Company. Vitria does not undertake an obligation to update forward-looking statements. Note to Editors: BusinessWare(R) is a registered trademark of Vitria. |
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