Optika & Xerox Connect Expand Relationship to Increase Market Presence of Acorde; Companies Work Together To Deliver B2B Web Resolution Solution to Global Companies.Business Editors/High-Tech Writers COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo.--(BUSINESS WIRE)--Sept. 7, 2000 Optika Inc. (Nasdaq: OPTK), a leading provider of 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 web resolution software, Thursday announced a strategic alliance with Xerox Connect Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Xerox Corp. (NYSE NYSE See: New York Stock Exchange : XRX XRX Xerox Corporation (stock symbol) ) that provides information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. , outsourcing and systems integration. Through this relationship, Xerox Connect and Optika will help enterprise customers establish virtual offices on the web, allowing companies to collaborate with their customers and trading partners for quick and proactive resolution of e-business issues. "Optika is the pioneer in the B2B resolution space -- a new and exciting field that we believe has widespread applicability for Xerox customers," said Russ Buchanan, senior vice president at Xerox Connect. "Optika will be our 'go to' partner to provide the web resolution and collaboration tools that clients need to make their e-commerce initiatives a reality." Under the agreement, Xerox Connect will include the Acorde(TM) product family as part of the software solutions it offers and recommends to enterprise clients. In addition, Xerox Connect will initially send 20 sales and technical representatives to an extensive four-week product training program to prepare them for Acorde sales opportunities. The Acorde family of solutions -- Acorde Context(TM), Acorde Process(TM) and Acorde Resolve(TM) -- allows companies to establish web-based, interactive communities internally and with business partners to manage and resolve e-business transactions efficiently. Acorde solutions help companies store, access and manage all of their critical transaction information, intelligently control and direct the flow of that information, and build web resolution hubs to more effectively negotiate, discuss and resolve inevitable and costly transaction discrepancies. "We are very pleased to initiate this important relationship with Xerox Connect," said Mark K. Ruport, president and chief executive officer of Optika. "This alliance will greatly increase our sales coverage and presence in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Together, we'll be able to deliver the collaboration capabilities that companies are demanding in order to increase efficiency and effectiveness of B2B transactions, thereby reducing costs and improving trading partner loyalty." About Xerox Connect Xerox Connect Inc. is a national information technology consulting, outsourcing, and systems integration firm, providing technology-enabled knowledge management solutions that help clients gain true competitive advantages. Xerox Connect is focused on helping clients identify, define, create, organize, use and share knowledge throughout their organizations, with customers and their external business partners. For more information, visit www.xeroxconnect.com. About Optika Headquartered in Colorado Springs, Optika Inc. is a leading provider of B2B web resolution software. Optika's Acorde(TM) family of Internet software solutions allows companies and trading partners to more efficiently and cost-effectively identify, discuss and resolve business-to-business transaction issues. By enabling companies to establish web resolution hubs -- virtual communities that provide secure access to relevant information and real-time exchange capabilities, the Acorde product family increases trading partner loyalty, reduces costs and improves trading partner efficiency. With more than 1,800 customers worldwide, Optika drives business decisions for profitability in leading companies such as The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box , Turner Broadcasting Systems, Siemens Communications, Southwest Airlines This article is about the American airline. For the former Japanese airline, see Japan Transocean Air. For the British airline, see Air Southwest. Southwest Airlines Co. , Verizon Wireless Cellco Partnership, doing business as Verizon Wireless, owns and operates the second largest wireless telecommunications network in the United States, based on total wireless customers. and Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. . Optika has been named one of the Top 500 Technology Companies by Software Magazine. For more information about Optika and Acorde, contact the company at 719/548-9800 or visit www.optika.com. Except for historical information contained herein, the matters discussed in this news release may contain "forward-looking statements" that involve risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to, adoption of the Acorde product family by Optika's customers, general business conditions in the software industry, Optika's relationships with its partners, availability of competing products and other risks detailed from time to time in the company's periodic filings with the Securities and Exchange Commission, including Optika's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . XEROX(R), The Document Company(R) and the digital X(R) are trademarks of XEROX CORP. |
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