Basis Technology Starts 2002 With Strong Results From 2001.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 4, 2002 Basis Technology (www.basistech.com), the leading provider of globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation solutions, today announced that 2001 was a strong year for the company. New customers included industry leaders such as State Street Corporation, Hewlett-Packard, RightNow, and L.L.Bean. The company also continued to strengthen its product line with over ten product releases, and received industry recognition for its successes by winning Deloitte & Touche's New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Technology Fast 50, recognizing the 50 companies achieving the highest five-year revenue growth; and the Mass eComm 10 award, recognizing important contributions to e-business. "Building strong businesses today means building global businesses," said Carl Hoffman, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Basis Technology. "With the help of our expertise and dedication to their success, our customers realize the benefits of market diversification with the cost and support efficiencies of single-source technology platforms." "Basis Technology's services present a strong value proposition to companies like State Street," said Richard Napoli, Executive Vice President, Software and Technology Group, State Street Corporation (NYSE NYSE See: New York Stock Exchange : STT STT State Street Corporation (stock symbol) STT Suomen Tietotoimisto (Finnish National News Agency) STT Secure Transaction Technology STT Surface Tension Transfer (welding) ). "Relying on their globalization expertise, we leveraged a large investment in IT across our global enterprise - saving millions of dollars in time and resources." Basis Technology enhanced its products with increased performance, decreased memory requirements and expanded product functionality. For example, Basis Technology's Euclid, an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and software product for detecting languages and encodings of incoming text, now detects over 72 language/encoding pairs - more than any other product. In addition to new customers, product releases and industry awards, Basis Technology closed its largest financing round with Kyocera Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Venture Capital in May and added additional management experience to their team. John Machonis, Vice President of Sales, and John DiBartolomeo, Chief Financial Officer, joined in November bringing an additional 40 years of business experience, international operations knowledge, and proven leadership skills to the company's executive team. "Our 2001 accomplishments position us to maintain our preeminent role in the growing globalization space," said Benson Margulies, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Basis Technology. "We enter 2002 poised to solve more technology challenges for major software companies, device manufacturers, multinational corporations - anyone who needs to do business on a global scale." About Basis Technology Basis Technology is the leading provider of products and services for companies entering the global economy. Specializing in high-performance software components and rapid deployment engineering services covering all aspects of globalization, Basis Technology solutions address Unicode enablement, linguistic complexities, cultural adaptations, and quality assurance. Top-tier software developers, Web companies, and multinational enterprises have relied on Basis Technology to develop the core of their globalization strategies. Clients include industry leaders Amazon.com, AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner, Google, Lucent Technologies, PeopleSoft, and Terra Lycos. Company headquarters are located in Cambridge, Massachusetts, with branch offices in Tokyo, Japan; and San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] . For more information, visit www.basistech.com or call 617-386-2000. |
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