Datasweep Partners with Finland-based Systems Integrator Stonesoft, Enters European Telecommunications Equipment Market.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--June 6, 2000 Systems Integrator to Resell re·sell tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. and Implement Datasweep Advantage to Europe's Telecommunications, Medical Equipment and High Tech Electronics Manufacturers In its first move to develop the European market for Web-centric supply chain manufacturing solutions, Datasweep, Inc. today announced a partnership with leading Finland-based systems integrator Stonesoft, Corp. (HEX:SFT SFT Statens Forurensningstilsyn (Norwegian Pollution Control Authority) SFT System Fault Tolerance SFT Shaft SFT Secure File Transfer SFT School Food Trust (UK) SFT Societe Francaise des Traducteurs 1V). Stonesoft is a recognized technology leader in helping telecommunications and high technology companies drive their e-business and supply chain management capabilities through the adoption of Web- based software solutions. Stonesoft has an established list of leading high technology customers in Europe and is widely recognized for delivering technically talented implementation resources and project management methodologies to make customers successful. The partnership represents a strategic entrance by Datasweep into Europe's booming telecommunications equipment, medical and high tech electronics market - a market rapidly catching up to the U.S. in outsourcing manufacturing to Equipment Manufacturing Solutions (EMS) companies such as Flextronics and Elcoteq, based in Finland. Under the reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. agreement, Stonesoft will resell and implement Datasweep Advantage(TM) as part of its Supply Chain Collaboration Internet-based solutions for manufacturing networks and telecommunications and service companies. As a Stonesoft partner, Datasweep joins a roster of other market leaders, including Trilogy A company founded in 1979 by Gene Amdahl to commercialize wafer scale integration and build supercomputers. It raised a quarter of a billion dollars, the largest startup funding in history, but could not create its 2.5" superchip. Software, BEA Systems BEA Systems, Inc. (NASDAQ: BEAS) is one of the major companies developing enterprise infrastructure software. BEA makes middleware, products that help software run on top of databases. and Agile Software. Datasweep's solutions and Stonesoft's implementation and e-business expertise are currently being implemented by a global leader in telecommunications equipment. The project is considered to be of high strategic value to the customer and as such, specifics of the implementation cannot be disclosed at this time. "Datasweep sees an untapped and growing market opportunity for our Web-centric supply chain manufacturing solutions in Europe," said Vladimir Preysman, 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 Datasweep. "The strong global demand for telecommunications products coming from the region coupled with the trend towards increased outsourcing of manufacturing services is driving demand for Datasweep's solutions to help the Original Equipment Manufacturers (OEMs) and their contract manufacturing partners to fully capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. their business opportunities. Datasweep is pleased to announce our partnership with Stonesoft and our first joint telecommunications customer in Europe as our first steps in exploiting this market opportunity. Stonesoft has a cadre (company) CADRE - The US software engineering vendor which merged with Bachman Information Systems to form Cayenne Software in July 1996. of leading high technology OEMs as customers and a strong team of technical resources to make our joint customers wildly successful." "Our expertise is focused on enabling manufacturers to obtain measurable results from the Internet and collaborative supply chain technology," said Raimo Maensivu, CEO of Stonesoft. "Datasweep delivers a leading edge Web-centric supply chain manufacturing solution that is rapidly being adopted by the telecommunications and contract manufacturing markets in the US and now in Europe. We are pleased to embark on this relationship and even more pleased to start with a leading global telecommunications equipment customer in a highly strategic project." About Stonesoft Headquartered in Espoo, Finland Stonesoft Corp. (HEX:SFT1V) is a strong, innovative software company focusing on high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. , network security and business critical e-business solutions. The company's technology and expertise streamline current business processes to improve operating efficiencies. Stonesoft Networks business division customers cover the global market leaders in all possible business fields around the world. Stonesoft eSolutions customers are the world top telecommunication, manufacturing and service companies utilizing intelligent Transaction Processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , Supply Chain Management, Sales Configuration, Product Traceability and Strategic Product Management solutions. Stonesoft's global product line includes StoneBeat and Optiwise and the company is a Nordic distributor for the solutions of world market leaders. Additional information can be found on the Internet at www.stonesoft.com. About Datasweep Datasweep develops and markets Web-centric supply chain manufacturing solutions that help high technology manufacturing companies build customized products correctly and track production information throughout the extended manufacturing enterprise. Customers include Flextronics International, Ltd. (FLEX), KLA-Tencor Corporation (KLAC), Harmonic, Inc. (HLIT), Intuitive Surgical Intuitive Surgical Inc. (NASDAQ: ISRG) is a corporation that manufactures robotic surgical systems, most notably the da Vinci Surgical System. Intuitive Surgical has a market capitalization of 9.77 billion USD and is part of the Nasdaq-100 and S&P 400 MidCap Indices. , Inc., Novalux Inc., and everdream Corporation. Datasweep was named as one of the "Hot 100" Private Companies for 2000 in the business-to-business category by Upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside Magazine (www.upside.com). Additional information can be found on the Internet at www.datasweep.com. |
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