Wang signs ULTRADATA as New Imaging Solutions Partner in Masters Program; Partnership Strengthens Wang's Presence in Financial Services.BILLERICA, Mass.--(BUSINESS WIRE)--June 22, 1995--Wang (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :WANG) announced today that it has signed a partnership agreement with ULTRADATA, the developer, marketer and supporter of Ultrafis, the first commercial image-based document management system designed specifically for credit unions. With Ultrafis, credit unions can capture, store, file, retrieve, print and fax financial documents. Under the agreement, Wang's OPEN/image software will be fully integrated with Ultrafis using OPEN/image Custom Controls for Visual Basic. Image-enabled Ultrafis will be sold and supported by ULTRADATA's direct sales force who will partner with Wang's worldwide vertical market-oriented direct sales organization to expand their mutual market reach. Wang's agreement with ULTRADATA further extends Wang's reach into credit union operations. Both companies have already begun working together to provide a tightly integrated solution for a new Wang customer, Hughes Aircraft Hughes Aircraft Company was a major aerospace and defense company founded by Howard Hughes. The group was based near Ballona Creek, in Culver City, California, USA, on the Pacific Coast. Hughes Aircraft was acquired by General Motors in 1985. Employees Federal Credit Union, the 6th largest in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The partnership with ULTRADATA follows recent news of Wang's new contract with the Pennsylvania State Employees Credit Union to implement an OPEN/image system for credit application processing and documentation handling. Headquartered in Pleasanton, Calif., ULTRADATA serves more than 250 credit unions nationwide. With the third largest installed base in its market, ULTRADATA focuses on providing open client/server technology to credit unions. "After a long, intensive search, we chose Wang because we believe the incorporation of its imaging technology helps place ULTRADATA's software application at the forefront of credit union information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. ," said Whitelaw Wright, executive vice president of ULTRADATA product development. "This agreement enables us to team with Wang, an Wang, An (1920–90) electrical engineer, applied physicist; born in Shanghai, China. He emigrated to the United States in 1945. In 1948 he invented magnetic core memory, a key element in computer technology. industry leader strongly positioned in client/server technology and now on the desktop with its new alliance with Microsoft. "We can significantly improve our competitive advantage with Wang's imaging because it gives our customers the ability to manipulate text as well as images," noted Wright. "Not only will imaging be a key component of our flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , it will provide a basis for future development involving workflow." "With ULTRADATA, we can provide credit unions nationwide with leading-edge imaging solutions tailor-made to the needs of the credit union industry," said Don Casey, president of Wang. "The ULTRADATA-Wang solution will help improve credit union staff productivity and customer responsiveness related to document-intensive activities such as credit and loan application processing." ULTRADATA develops, markets and supports Ultrafis, a complete system -- in-house or on-line -- that promotes fast, accurate transaction processing and flexible, personalized member service. Ultrafis operates on a wide variety of UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (R)-based hardware platforms, including those from Data General, Hewlett-Packard, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Unisys, and Digital Equipment Corporation. ULTRADATA provides customers with comprehensive training, hotline support, software development, disaster recovery and consulting. Wang's OPEN/software Solutions Wang's OPEN/image software product family offers seamless document image management to image-enable existing applications and application development environments. The OPEN/image architecture is client/server based supporting the following operating environments: Microsoft Windows, Novell NetWare, IBM CICS (Customer Information Control System) A TP monitor from IBM that was originally developed to provide transaction processing for IBM mainframes. It controls the interaction between applications and users and lets programmers develop screen displays without , IMS/DC, OS/400, IBM AIX (Advanced Interactive eXecutive) IBM's Unix-based operating system which runs on its Intellistation workstations and pSeries, p5, iSeries and i5 server families. , HP MPE/iX, HP-UX HP's version of Unix that runs on its 9000 family. It is based on SVID and incorporates features from BSD Unix along with several HP innovations. (operating system) HP-UX - The version of Unix running on Hewlett-Packard workstations. , DEC VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. , and Sun Solaris. In addition, OPEN/image features can be incorporated into new applications being built with popular visual application development tools including Microsoft Visual Basic, Microsoft C++, and Powersoft PowerBuilder. Wang's OPEN/workflow software automates the rules and procedures that define how information and work travel through an organization. It is comprised of standards-based client/server software, tools and integration technology that enable users to build, measure, and manage workflows without writing code. Wang Wang is a recognized worldwide leader in workflow, integrated imaging, document management and related software for client/server open systems and a major worldwide provider of integrated and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for software and networks. Wang's products and services enable customers to realize major improvements in productivity, quality and responsiveness by the definition, automation, management and measurement of critical business processes. Wang is one of the industry's largest independent service organizations. The worldwide Service Business provides network integration and support service, warranty and maintenance services, help-desk support, and other value-added services for more than 4,000 products and 350 equipment and software manufacturers. Headquartered in Billerica, it has offices and distributorships in more than 130 countries and more than 5,000 technical support professionals answering more than ten million service and support calls a year. CONTACT: Ed Pignone, Wang 508/967-4912 or Stephanie Torpy, The Weber Group 617/520-7055 |
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