DataTic Technologies, Inc.'s Syphter Technology Licensed to Stagesmart.com for $1.6 Million.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--March 13, 2001 DataTic Technologies, Inc., the technology company providing real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. pricing information, announced an agreement to license its patent-pending Syphter(TM) software technology to Stagesmart.com, a leading online B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business audio equipment exchange. The deal will allow Stagesmart to provide its membership with DataTic's state-of-the-art real-time pricing information system. Under the terms of the agreement, Stagesmart will pay $1.6 million to install and license the Syphter(TM) technology over a several year period. Stagesmart clients will be able to receive real-time pricing and volume information for the numerous products exchanged on the Stagesmart platform. DataTic will also utilize Stagesmart's online e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. technology. "We are excited about the opportunity to license our technology to one of the promising exchanges in this industry," said Rock Clapper, 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 DataTic. 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. Eric ERIC Educational Research Information Clearinghouse ERIC Educational Resources Information Center ERIC ERISA Industry Committee ERIC Epidemiologic Research and Information Center (Durham, NC) Hassman, Vice President of Business Development at DataTic, "It is becoming increasingly clear that the success of the B2B marketplace lies primarily in the information value they provide their members. We see up-to-the-minute pricing and other market information as one of the key ingredients for B2B success." From Stagesmart's perspective, the deal represents a valuable feature for its members. "One of the most important functionalities of an exchange is to provide its members with the best information possible regarding what is happening in their market areas," said Bora bo·ra n. A violent, cold, northeasterly winter wind on the Adriatic Sea. [Italian dialectal, from Latin Bore Ozturk, President of Stagesmart. "The Syphter(TM) software system represents the state of the art information technology in the exchange space." "We feel that with the DataTic system, we are able to provide huge value-add to our members," added Yola Haddad, CEO. "The real-time market information attracts more customers, and keeps them on our site for much longer periods of time." About DataTic Technologies, Inc. DataTic Technologies, Inc. provides a unique Internet-based information platform technology to bring real-time, accurate market information to online and offline marketplaces across various industries. Its principals are Rock Clapper, former CEO of GotSavings.com and Richard Kaiser, a veteran industry participant. Partners include Epicentric and Silicon Valley Bank. About Stagesmart.com StageSmart is a business-to-business online exchange in the audio equipment industry, enabling a new and unique way to quickly and easily buy or sell professional audio equipment online. Through its proprietary technology, Stagesmart allows its independent dealers to create their own online store within an hour, allowing a quick and robust presence in the online audio equipment marketplace. |
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