Compaq Selects Visto as Partner for Co-Branded Service; Visto, Compaq Team to Distribute Web-Based Remote Access to Small and Medium Business Customers.NEW YORK--(BUSINESS WIRE)--June 17, 1998--Visto Corporation today announced that it will join with Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. (NYSE NYSE See: New York Stock Exchange :CPQ CPQ Compaq CPQ Conseil du Patronat du Québec (Canada) CPQ Configure-Price-Quote CPQ Conseil de Presse du Québec (Québec Press Council, Canada) CPQ Companion Parrot Quarterly ) to provide small and medium businesses with convenient Web-based access to the information on their office computers they need to run their businesses, including e-mail, calendars, files and more. Under the relationship, Compaq will distribute a version of the Visto Briefcase(TM) service branded as the Compaq online.briefcase powered by Visto. The new service will be part of the Compaq Online Services announced today at PC Expo A trade show for resellers, corporate managers and technical professionals from CMP Media LLC, a subsidiary of United Business Media. First held in New York in 1983 with 120 exhibitors and 9,600 attendees, the show grew from the personal computer's early years to 550 vendors and more than in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . "Working with Visto, we can now help small and medium size businesses leverage the Internet by providing them with low-cost, flexible remote access that's important in the day-to-day operation of their business," said Ken Kurtzman, vice president, small and medium business division, Compaq Computer Corporation. "We view Visto as a key provider of Internet-based productivity tools, and the online.briefcase is a great complement to our suite of Online Service." Smaller businesses often cannot afford the cost and time involved in implementing remote access products. The Compaq online.briefcase is a complete out-of-the-office solution that gives the power of remote access in a simple, low-cost service. "The Visto service is particularly valuable to smaller businesses, who need to increase employee productivity outside the office, but don't have a technical staff to support complex remote access products," said Doug Brackbill, president 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. of Visto. "Our relationship with Compaq is an ideal way for Visto to expand its reach to this very important market segment and help them use the power of the Internet to run their businesses more effectively." The Visto(R) service is featured in the Compaq Online Services, a suite of cost-effective, Internet-based solutions targeted at small and medium sized businesses. Compaq is distributing trial subscriptions through the Web at www.compaq.com/smb/onlineservices, as well as software pre-installed on future releases of Compaq hardware sold through the company's Small and Medium Business Division. With the Compaq online.briefcase, companies can equip their employees to stay productive wherever they work. Users have the flexibility to work at home, for example, and access all of their latest files and e-mail, even behind a firewall. While traveling on business, users can read and respond to corporate e-mail, update schedules and check phone numbers and appointments from an airport kiosk or a borrowed PC. Visto Corporation, of Mountain View, Calif., was founded in 1996 and is funded by Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. , Trinity Ventures, and Ziff Brothers Investments. The company is a pioneer in providing Internet users with secure universal access to their e-mail, calendar, files and more from any computer, Visto service integrates with major software applications, including Microsoft Outlook (MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), ACT! By Symantec (SYMC SYMC Symantec Corporation (stock symbol) ), Lotus Organizer (IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) ), and Sidekick from Starfish. The company's url is www.visto.com. Note to Editors: All trademarks and registered trademarks are those of their respective companies. The text of this release as well as additional background information may be downloaded from our Web site at www.roederj.com. CONTACT: Roeder-Johnson Corporation Mike Brogan or Abigail Johnson, 650/802-1850 mike@roederj.com or abigail@roederj.com |
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