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Sequoia Software Signs Sagent Technologies to Multi-Million Dollar OEM Contract
TUESDAY, JULY 11, 2000 7:17:00 AM EST COLUMBIA, Md. and MOUNTAIN VIEW, Calif., Jul 11, 2000 (BUSINESS WIRE) --
Sagent Licenses Sequoia's XML Technology as Platform for New Real-Time Business Intelligence Portal;
Sagent will also Resell Sequoia's XML Portal Server(TM)
Sequoia Software Corporation SQSW, a leading provider and innovator of XML-powered e-business software, today announced an OEM contract with Sagent Technology Inc. SGNT, a leading provider of Real-time e-Business Intelligence solutions. Sagent has made a multi-million dollar commitment to purchase software licenses during the first three years of the five-year contract. Sagent is licensing Sequoia's XML technology for integration with the Sagent Solution, creating the industry's first interactive e-business intelligence portal. In addition to the OEM agreement, Sagent will also resell Sequoia's XML Portal Server(TM) (XPS) to its target Global 2000 customers.
"We evaluated portal technology from more than 20 vendors and Sequoia emerged as the clear leader," said Ken Gardner, president and CEO of Sagent Technology. "Sequoia's high performance architecture, and innovative and extensive use of XML made it especially attractive to Sagent. Combined with Sagent's comprehensive business intelligence solution, Sequoia's technology will provide our customers with unmatched access to personalized e-Business Intelligence in real time."
Sequoia has engineered its software products to be easily coupled or integrated with applications from other vendors. "The Sagent contract is the first fruit of our business development strategy, whereby Sequoia will OEM an XML-powered interactive e-business platform, broadening our distribution capability," said Mark Wesker, president and COO, Sequoia Software. "Our growing XML-based product-line enables us to target a wide range of OEM opportunities fueled by today's time-to-market sensitive demand for XML-based e-business solutions."
"e-business has challenged enterprises and vendors alike to deal with vastly increased data volume, variety and velocity," said Doug Laney, META Group Vice President. "Now armed with Sequoia's powerful XML-based technology, the already solution-rich Sagent boosts itself into the world of enterprise deployable analytics."
Sequoia's XML-based e-business software is distinctively capable of aggregating user-defined data and content from any variety of enterprise or Web-based information sources, enabling access and interaction with the most relevant information available, and personalizing it according to individual user needs. Sagent will integrate its powerful and comprehensive business intelligence solution with Sequoia's technology to provide users with personalized access to the analytic tools, reports, and content they need to create precise one-to-one marketing campaigns, identify profitable sales opportunities, and improve operational efficiencies.
"Sagent is a market leader with more than 1,100 customers actively employing their real-time business intelligence solutions," added Wesker. "Their decision to license Sequoia's technology, over many of our competitors, validates both the strength of our XML-based e-business software, and our ability to grow revenue through our OEM partners."
About Sagent Technology
Sagent Technology SGNT powers more than 1,100 customer-driven organizations around the world and across such diverse industries as e-commerce, financial services, insurance, healthcare and telecommunications. Sagent enables such market leaders as GE Capital, Sony Online Entertainment, MapQuest.com, Outpost.com, Ticketmaster, Kemper National Insurance, Royal & SunAlliance, United Healthcare and AT&T to win, retain and grow customers. Sagent retains strategic relationships with ADP, Advent, CommerceOne, Compaq, EDS, HAHT Software, IBM, Interpath, Microsoft and Siebel. Sagent is headquartered in Mountain View, California, and can be reached at http://www.sagent.com.
About Sequoia Software
Sequoia Software Corporation SQSW is a leading provider and innovator of XML-powered e-business software. Sequoia's flagship product, the XML Portal Server(TM) (XPS), gives users a Web-based, single point of personalized access to distributed information, along with the capability to publish, edit, change or update content. As the cornerstone of an effective e-business strategy, customers deploy Sequoia's XPS to improve the accuracy of information search and retrieval, and foster the interchange of information between organizations and their customers and trading partners. Sequoia's customers and partners include marchFIRST Cornerstone, Baylor Health Care System, Blue Cross and Blue Shield, General Electric Power Systems Division, PSINet Limited, S2 Systems, Lockheed Martin, and Kaiser Permanente. For e-business solutions that let you do more in less time visit www.sequoiasoftware.com or call Sequoia toll free (888) 820-7917.
Sequoia's XML Portal Server and XPS are trademarks of Sequoia Software. Sagent is a registered trademark of Sagent Technology Inc. All other trademarks are the property of their respective owners.
Other than historical information contained herein, certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release involve a number of risks and uncertainties including, but not limited to, changes in market conditions, government regulation, technology, our ability to expand, our early stage of development, attraction and retention of key personnel, management of rapid growth, entry into new markets, intense competition, customer concentration and attrition and our dependence on XPS. These risk factors are discussed in further detail in the Company's SEC filings including the prospectus filed in connection with our initial public offering and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2000.
CONTACT:Sequoia Software David Schreiber 410-715-0206 firstname.lastname@example.org or Sagent Technology Michael A. Piotrowski 727-725-9727, ext. 2230 email@example.com or Lippert Heilshorn & Associates Jody Burfening / Sanjay Hurry 212-838-3777 firstname.lastname@example.org
: Hmmm, zwar besteht eine Partnerschaft mit Microsoft ...
... aber gegen Konkurenten wie Oracle und Broadvision wird Sequoia Soft nicht viel anrichten können. Dann noch ein 99er Umsatz von gerademal 8Mio Dollar bei Verlusten von über 12 Mio Dollar ... ich bleibe doch lieber bei meinen Biotecs. :)
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