Datapoint to Acquire Virtual Networking Applications Pioneer.NEW YORK--(BUSINESS WIRE)--April 14, 1999-- Datapoint Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DTPT), a leader in communication and networking technology and a recognized early architect of the Local Area Network (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ), announced today it has entered into a letter of intent to acquire S. F. Digital and the Corebyte(tm) product family, owned by John Engstrom, a leader in the development of network services delivered via the Internet. The acquisition is subject to approval by Datapoint's Board of Directors of the definitive agreement. S.F. Digital's core product, Corebyte(tm) provides a cost-effective, comprehensive, and innovative network solution for corporations with large data management requirements, public and private institutions, and Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . Corebyte(tm) has the essential Software tools for reaching a majority of Internet-connected computers, with the advantage of full participation in the rapidly growing global Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . By embracing industry standards as opposed to trends, Corebyte(tm) offers a powerful universal networking solution. Asher Edelman Asher Edelman is a former corporate raider who, along with Carl Icahn, served as the basis for the character Gordon Gekko in Wall Street (film) due to his 1985 takeover of Datapoint. , Chairman of the Board, Datapoint Corporation said: "It is exciting and appropriate that Datapoint, whose technology significantly contributed to invention of the computer network and so many keystones of Internet technology, should enter the Internet area with its acquisition S.F. Digital, its groundbreaking software Corebyte(tm), and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , its superb team. Datapoint enters the Cyberspace with the best-of-breed product of unlimited market potential. We see an opportunity to rapidly penetrate multiple industrial and consumer sectors through SF Digital and Datapoint's global marketing reach." John Engstrom, explained that S.F. Digital "overlays our technology on existing network infrastructure, allowing companies and network service providers to offer exciting new applications to end users while significantly reducing or eliminating associated IT costs. I am delighted to be associated with Datapoint, a company with a rich history of invention and innovation." With its U.S. headquarters in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , and international headquarters in Paris, France, Datapoint is a recognized innovator in modern networking infrastructure. Datapoint specializes in the design, integration, and maintenance of data, voice, and video communications solutions including call center, computer-telephony integration (CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ), and distributed video conferencing products and services. |
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