CorVu Grows Channels Activities in Asia Pacific Region.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--March 7, 2000 CorVu Corporation (CRVU 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 : bb) has successfully expanded Asia Pacific channels activities via several strategic partnerships. CorVu has recently added the following companies to their Global Partners Program: 88 Degrees, Adept Business Solutions, Citadel, Park Lane and Sharp. "Channel partners play a strategic role in CorVu's business plan. Partners enable CorVu to reach a greater number of customers across geographical and application industry boundaries," said Justin MacIntosh, 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. , CorVu Corporation. Partnership benefits "A channel partner can realize competitive advantage by adding CorVu's Enterprise Business Performance Management products to their solutions, continued MacIntosh. "CorVu's solutions help companies execute strategy, realize operational efficiency and maximize business performance. By offering such solutions to customers, CorVu partners are able to better demonstrate their solution's strategic benefits." CorVu's channel strategy is based on establishing three key types of partners: value added resellers (VARs), distributors and alliance partners. VARs VARs include software companies who offer their own industry applications and management consulting firms List of Management Consulting Firms 1. McKinsey & Company 2. Marakon Associates 3. Boston Consulting Group (BCG) 4. A.T. Kearney 5. Booz Allen Hamilton (BAH) 6. Monitor Group 7. Bain & Company 8. Roland Berger . Each will integrated CorVu applications into their product or service offering to deliver a more complete solution. The resulting integrated solution is referred to as a RapidAPP. It is actually a ready-made business performance management solution. Distributors Distributors and international VAR partners help CorVu break into new geographic markets that may have previously been untapped. For example, Sharp System Products (SSP (1) (Service Switching Point) The local exchange node in an SS7 telephone network. The SSP can be part of the voice switch or in a separate computer connected to it. ) in Japan has announced its intent to distribute CorVu's CorBusiness and CorManage applications as primary components to its data warehousing See data warehouse. data warehousing - data warehouse product. Representing CorVu's initial entry into Japan, SSP will build partnerships for CorVu and will also develop relationships with VARs and OEMs through CorVu solutions. Alliance Partners Alliance partners have products and/or services which are complementary to CorVu. While these partners typically do not actually sell CorVu products, they combine technologies to deliver a more complete solution. CorVu benefits from the influence that alliance partners have within their industry segments. Alliance partners benefit by being able to offer their clients a comprehensive business performance management solution. Recent partner signings in the Asia Pacific region include: Park Lane - an ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. provider with its own Oracle-based solution. Its customers include Telstra Pay Phone and New Zealand Post New Zealand Post Limited is the dominant postal operator in New Zealand. The company was created in 1 April 1987 as a State-Owned Enterprise from the corporatisation of the New Zealand Post Office, a government department, following the recommendations of the 1986 . Park Lane is currently reselling CorVu's CorBusiness application. It will also become a CorVu 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 by integrating CorManage into its own application offering. Keith Reitsema, managing director, Park Lane said, "Park Lane is planning to make business performance management the centre of its expertise." Adept Business Systems - provides Internet accounting and financial software modules and technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to distribution companies and clubs. With CorVu's performance management solutions, Adept can now offer customers a solution that helps them make better-informed business decisions for the future. 88 Degrees - provides management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services in data warehousing and balanced scorecard Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing performance strategies. Doug Sinclair, managing director, 88 Degrees said, "CorVu's balanced scorecard is a 'best of breed' product that is a value-add to our solution. We look forward to adding more of CorVu's innovative, useful products in the future." Citadel - provides business applications for distribution and service companies. It resells CorVu's CorBusiness to customers worldwide. About CorVu CorVu is a global provider of Enterprise e-Business Performance Management, Business Intelligence and Balanced Scorecard Solutions. Combining OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. query and reporting, executive dashboard alerts, forecasting, and Balanced Scorecard applications, CorVu provides a comprehensive Enterprise Business Performance Management solution. CorVu has U.S. offices in Minneapolis, Atlanta, Boston, Chicago, Cincinnati, Dallas, Los Angeles, 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 , San Francisco, and Washington D.C.; Asia Pacific offices in Sydney, Auckland, Melbourne, Brisbane and Perth; and European offices in London, Munich, Rotterdam, Sheffield and Stockholm. With more than 2500 customers, including companies such as Datacard, Mincom, Prudential, Sara Lee, Unisys, Ford Motor Company and British Airways, CorVu's Enterprise Business Performance Management and Balanced Scorecard solutions are gaining market acceptance. Additional information about CorVu products and services can be found on CorVu's web site at http://www.corvu.com http://www.corvu.com or call (800) 610-0769. All company and product names are trademarks of their respective owners. |
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