Datatec Systems Announces Strategic Alliance with CA Technology Combining its National Deployment Services and the StoreVision POS Monitoring System.Business Editors FAIRFIELD, N.J.--(BUSINESS WIRE)--April 30, 2003 Datatec Systems, Inc. (Nasdaq: DATC DATC Davis Applied Technology College (Kaysville, Utah) DATC Days After Test Completion DATC Deferred Adverse Tax Consequence DATC Direct Assistance & Training Command DATC Director of Air Traffic Control ), a leading provider of technology deployment services and software tools, today announced that it has entered into a strategic alliance with CA Technology to utilize its national deployment services and software-enabled implementation model to bring CA's StoreVision point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) monitoring solution to the retail marketplace. CA Technology is a world leader in high technology solutions for operations, retail loss prevention and risk management. The combined solution offers a powerful tool to effectively combat one of the retail industry's most difficult and costly problems. Peter Lewis, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , CA Technology, said, "In many retail environments, controlling "shrink shrink Vox populi noun A psychiatrist ," or inventory loss spells the difference between operational loss and profitability. Contrary to popular perceptions, shoplifting Ask a Lawyer Question Country: United States of America State: Florida caught shoplifting at sears 12/05/05, first time, 20yearsold, have no criminal record. is not the main cause of shrink. Employee theft, but also honest employee mistakes, account for about 60% of inventory loss. Having security personnel stare at security monitors real-time or post-event does not effectively address the shrink problem. The StoreVision solution, on the other hand, does provide end users with the tools and overall functionality they need to effectively combat both theft and employee mistakes; and now together with Datatec's impressive national deployment capabilities we can provide retailers with an integrated, predictable and cost effective deployment solution." "We looked at a number of national integrators to complement our StoreVision system," Lewis continued, "and in terms of performance, Datatec is clearly the leader. Our evaluation of Datatec's software-enabled business model and its people has been very positive, and the process of integrating our solution with Datatec's capabilities is already underway." StoreVision is the most advanced retail store surveillance and POS monitoring system on the market today and is a breakthrough product in high technology security solutions. By combining store level transaction data with synchronized syn·chro·nize v. syn·chro·nized, syn·chro·niz·ing, syn·chro·niz·es v.intr. 1. To occur at the same time; be simultaneous. 2. To operate in unison. v.tr. 1. digital images and management and reporting capabilities, retailers are empowered with powerful data-mining tools and retail specific investigative techniques, allowing management to accurately identify and reduce shrink at the point-of-sale, pinpoint operational problems and equipment failures, and identify training issues. Recently, the StoreVision system achieved a 100% ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). (return on investment) for a major, high-end department store chain in only six months. Ron Frey, director of business development for Datatec said, "Together, Datatec and CA Technology offer proven and powerful, software-enabled deployment on a national basis for this state-of-the-art surveillance and auditing solution - providing retailers with a rapid ROI. The beauty of this offering is that it provides uniform national deployment of an integrated and highly productive user interface, while preserving a retailer's flexibility to respond rapidly to the changing digital video recorder See DVR. environment. Datatec and CA plan to immediately offer this integrated package to retailers nationwide." About CA Technology, Inc. Mount Laurel Laurel, cities, United States Laurel. 1 Town (1990 pop. 19,438), Prince Georges co., central Md., about halfway between Washington, D.C., and Baltimore; patented in the late 1600s, inc. 1870. , NJ-based CA Technology specializes in providing transaction monitoring systems that combine digital video images and transaction data, and provide customers with the ability to rapidly audit transactions and thereby dramatically increase profitability through reductions in inventory loss, increases in productivity and reductions in employee training and turnover costs. CA Technology's line of Vision products integrate with state-of-the-art digital video recorders, providing 'best of breed" solutions for the retail, transportation, banking and casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. marketplaces. CA Technology is a privately held venture capital backed company. For more information, contact Peter Lewis at 856-222-1400 x100 or visit http://www.catechnology.com/ About Datatec Systems, Inc. Fairfield, NJ-based Datatec Systems specializes in the rapid, large-scale market absorption of networking technologies. Datatec's deployment services utilize a software-enabled implementation model to configure See configuration. (software) configure - A program by Richard Stallman to discover properties of the current platform and to set up make to compile and install gcc. Cygnus configure was a similar system developed by K. , integrate and roll out new technology solutions using a "best practices" structured process. Its customers include Fortune 1000 companies and world-class technology providers. Datatec stock is listed on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (DATC). For more information, visit http://www.datatec.com/ This Press Release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties that may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements as more fully discussed in Datatec's filings with the Securities and Exchange Commission. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion