IA Expands European Presence; Announces Strategic Marketing Relationship; Licenses its Workflow Software to Leading European Workflow Firm, Innovativ Vision.EMERYVILLE, Calif.--(BUSINESS WIRE)--Oct. 16, 1995--IA Corp., a leading work management software developer, announced today a strategic marketing agreement with Innovativ Vision (IV) AB, a Swedish-based provider of workflow and document imaging solutions. As part of the agreement, IA is licensing its WorkVision software to IV for the development of applications specifically for the European market. WorkVision is an enterprise-wide work management software platform, incorporating workflow and document management, for building high-performance, distributed, client/server applications. In addition, IV is acquiring IA's French affiliate, which serves France, Switzerland and Italy, allowing IV to expand beyond its markets in Scandinavia and Northern Europe. The cooperative agreement also allows for joint marketing and development by the two companies on selected European projects. "This is a win-win situation for everyone involved," said Dr. C was a fictional scientist from the TV series Cro. She and her companion, Mike, went to the Arctic and thawed out a mammoth, who could talk. That mammoth now tells stories of life in the stone age with his friend, Cro, and his fellow mammoths. .V. Ravi, 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 IA. "IA gains a broader European market presence for WorkVision and has the opportunity to increase its growing licensing revenue. "IV will be able to expand its market and gain access to an advanced work management platform, together with a seasoned engineering team with expertise in workflow and imaging technology. IV will also continue to provide IA's current European customers with the same advanced technology and quality of service and support they received from our French affiliate." IA's French affiliate, Grenoble-based IA Corp. S corp. abbr. corporation .A. (dba IA/MC2), is now known as IV MC2. The firm has been a leading provider of workflow and imaging solutions to major public and private organizations, including the European Patent Office, Total, INPI INPI Institut National de la Propriete Industrielle INPI Instituto Nacional de Propriedade Industrial (Brazilian Patent and Trademark Office; Brazil) , Alenia, Daimler Benz Aerospace Airbus, and Aerospatiale. "IA's strategy is to market complete solutions based upon WorkVision. We have developed several product application frameworks for banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in the U.S., but the needs of the European market are quite different and require local application development," said Thierry Leger, IA's Vice President of Marketing. "With this agreement, IA will focus its development resources on WorkVision and framework applications for the U.S. market, while IV AB and IV MC2 focus on WorkVision-based solutions for Europe. "This agreement not only gives IV immediate access to growing markets in Southern Europe Southern Europe or sometimes Mediterranean Europe is a region of the European continent. There is no clear definition of the term which can vary depending on whether geographic, cultural, linguistic or historical factors are taken into account. , but also further strengthens our leading-edge workflow and imaging product family with a renowned state-of-the-art product that has proven itself with many Fortune 100 companies," said Lars Eric Nordell, IV's Vice President of Marketing. IA Background IA Corp., headquartered in Emeryville, Calif., is the leading supplier of high-performance, enterprise-wide, geographically distributed, client/server work management software. IA supplies customized solutions to industries such as financial, insurance, pharmaceutical, and transportation. IA also specializes in products for the financial services and banking industries, including image check processing and remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. applications. The company's software solutions are based upon its work management platform, WorkVision, which includes workflow and document management. WorkVision offers true scalability and can be geographically distributed across several sites. IA has successfully implemented distributed, enterprise-wide, client/server solutions for many clients, including many Fortune 100 companies. They include Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. , Boeing, United Missouri Bank, NationsBank, GE Capital, Northern Trust, SouthTrust and Signet. IV Background Since 1983, Innovativ Vision and its subsidiary, IV DocEye AB, have been leading providers of workflow and image-based work management solutions in Scandinavia and Northern Europe. Headquartered in Linkoping, Sweden, IV develops and markets turnkey See turnkey system. functions for specific business applications for the international market. IV has pioneered image-based applications with customers like Saab-Scania, Presens Bild, the National Road Administration, Private Giro giro Noun pl -ros 1. (in some countries) a system of transferring money within a bank or post office, directly from one account into another 2. , and the Civil Aviation Administration. CONTACT: IA Corp. Thierry Leger, 510/450-6816 or Innovativ Vision (Sweden) Per Lindall, 46 13 20 01 24 or IA/MC2 (France) Charles Malka, 33 76 90 22 00 |
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