RESoft Joins Oracle Partner Program.Business Editors & Technology Writers MINNEAPOLIS--(BUSINESS WIRE)--June 12, 2000 RESoft Incorporated, a real estate technology company, announced today that is has joined the Oracle(R) Partner Program, a global business network of more than 17,000 companies who deliver innovative e-business (Electronic-BUSINESS) Doing business online. The term is often used synonymously with e-commerce, but e-business is more of an umbrella term for having a presence on the Web. solutions based on Oracle software. As a result of this alliance, RESoft's entire product line of document management systems and other online real estate offerings will be deployed on Oracle8i(TM), the industry's first database designed for the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Leveraging Oracle8i, RESoft's data warehousing See data warehouse. data warehousing - data warehouse system will enable RESoft clients--property owners and managers--to efficiently access property and financial information online. "We are excited to partner with Oracle to bring leading online data warehousing capabilities to our clients," said Mary Henschel of RESoft. "Oracle8i allows our online suite of solutions to easily integrate with other products our clients may be using and it gives us the opportunity for greater scalability." "Our alliance with Oracle is part of our vision to have multiple partners who will work with us to bring the best-of-class resources to our clients. We will continue to seek out other leading companies to become part of our affiliate group," said Odeh A. Muhawesh of RESoft. RESoft is currently developing a full line of software products for the real estate market. In April, the company launched the beta version A pre-shipping release of hardware or software that has gone through alpha test. A beta version of software is supposed to be very close to the final product, but, in practice, it is more a way of getting users to test the software in the first place under real conditions. of RERFP.com(TM), an online vendor bidding and auction service for the real estate market. RESoft plans to introduce several new products in the coming weeks. About the Oracle Partner Program The Oracle Partner Program is a global business network of more than 17,000 companies who deliver innovative e-business solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle Partner Program provides partners with the resources they need to be successful in today's 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. . Oracle partners are able to offer customers leading-edge solutions backed by Oracle's position as the world's leading supplier of e-business solutions. Additional information is available at http://alliance.oracle.com. About RESoft Incorporated RESoft Incorporated is the technology division of Stonehaven (AMEX AMEX See: American Stock Exchange : RPP RPP Report on Plans and Priorities RPP Registered Pension Plan RPP Regulated Price Plan (Ontario Energy Board) RPP Rate Pressure Product RPP Registered Polarity Practitioner (elemental reflexology) ), a Minneapolis-based real estate and technology company. RESoft develops Internet-based property management tools designed to enhance the day-to-day operations of real estate ownership. Stonehaven acquired RESoft, an Internet consulting and web development firm, in February 2000 to 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>. the growing online real estate services sector. RESoft was formerly known as NETLink International. |
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