Vitria: Vertical Solutions for Business Process Integration
FRANKFURT/MAIN, Germany, March 15, 2004 -- Vitria (Nasdaq: VITR), a leading provider of business process integration (BPI) solutions, will showcase its recent vertical solutions for business process integration for industries like manufacturing/automotive, financial services, and telecommunications at CeBIT 2004, March 18-24, 2004 in Hanover, Germany. Additionally, visitors will be able to have a closer look at Vitria:BusinessWare(TM), an out-of-the box integration platform for customized vertical integration solutions.
Having pioneered the use of business process management in 1997, Vitria is now the first integration solution provider to address highly complex business processes for specific vertical markets. At CeBIT 2004, Vitria will be proving again its trendsetting role by showing pre-configured vertical integration solutions for manufacturing/automotive, financial services and telecommunications along with a partner portal solution. The following solutions will demonstrated at the CeBIT Vitria booth:
-- Financial Services: The Accenture STP Integration Platform, powered by Vitria is a jointly developed product co-marketed and sold with Accenture. This solution provides highly efficient, transparent end-to- end straight-through transaction processing for broker/dealers and asset managers for greater operational efficiency and real-time business visibility.
-- Manufacturing/Automotive: As a Vitria partner and subcontractor in the booth, DMR Consulting (Germany) will be presenting their integration project V-Chain. Based on Vitria:BusinessWare, DMR Consulting is implementing one of the globally most sophisticated Supply Chain Solutions for the automotive industry at the Ford plant in Almussafes (Spain). Business processes, inventory stores and the company-wide forecasting will be optimized by using this newly developed integration solution.
-- Healthcare: Vitria will be unveiling its complete suite of healthcare solutions at CeBIT, including Vitria:SmartResponse(TM), Vitria:SmartClaims(TM) and SmartCare(TM) which are solutions that deliver efficiency across claims and medical management.
-- Telecommunications: Vitria:OrderAccelerator(TM) is a solutions approach for Integrated Order Management (IOM) projects for the Telco industry. Adaptable for wireless and fixed operators and service providers, Vitria:OrderAccelerator provides reusable components and templates which are derived from the recommendations of the TeleManagement Forum eTOM framework.
-- Portal Solutions: The Germany-based abaXX Technology AG, also a Vitria Partner and known for its portal solutions, will be showing its process-oriented business portals. Combined with the business process management functionality of Vitria:BusinessWare, the integrated solution will be demonstrated showing how customers can define and manage business processes using their portal. abaXX business oriented portal solutions help to build new portals quicker, easier and with more security.
Vitria Technology, Inc., a leading provider of award-winning business process integration products and solutions, combines technology leadership with industry expertise in healthcare and insurance, financial services, telecommunications and manufacturing to dramatically improve strategic business processes across systems, people and trading partners. With 23 offices around the world, Vitria's customer base includes blue chip companies such as AT&T, Bell Canada, Bell South, The Blue Cross Blue Shield Association, BP, BT, DaimlerChrysler Bank, Generali, Nissan, The Goodyear Tire & Rubber Company, PacifiCare Health Systems, Reynolds & Reynolds, Royal Bank of Canada, Schneider Logistics, Sprint, Trane, and the U.S. Departments of Defense and Veterans Affairs. For more information call +1-408-212-2700, email email@example.com or visit http://www.vitria.com.
About DMR Consulting
DMR Consulting is a leading provider of consulting and systems integration services with a focus on Management and IT-Consulting. The main competencies reach from organizational and process design to software development and systems integration. Currently DMR Consulting employs 2600+ highly qualified consultants globally. Within Germany DMR Consulting has established offices in Frankfurt and Munich. Together with Vitria, DMR Consulting has successfully delivered projects in the telecommunications and automotive sectors and has designed and developed sector specific solution.
abaXX Technology AG (http://www.abaXX.de) is one of the leading suppliers of software for process oriented portals. abaXX designs and markets software components (based on open standards like J2EE), which can be put together like Lego-elements. That way it is possible to reduce risks, time-to-market, and costs by up to 80 per cent, compared to individual solutions. These advantages have been used by -- among others -- BertelsmannSpringer, Dresdner Bank, HypoVereinsbank, Landesbank Baden-Wurttemberg, DaimlerChrysler Bank, Mecalux (Logis Market), Payback, PlanetHome and Deutsche Bahn (TLC). In giving advice and realizing discussed solutions abaXX has been cooperating very closely with well-known partners like CSC Ploenzke, Materna, IDS Scheer, IBM, Oracle, SBS, and T-Systems.
Vitria, Vitria:BusinessWare and CleanOrder are trademarks or registered trademarks of Vitria Technology, Inc. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
Cautionary Note Regarding Forward-looking Statements: This press release includes forward-looking statements, including statements relating to new products, goals and future business opportunities that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to: failure to meet financial and product expectations of analysts and investors: risk related to market acceptance of Vitria's products and alliance partners' products; deployment delays or errors associated with these and other products of Vitria and partners; hardware platform incompatibilities; the need to maintain and enhance certain business relationships with system integrators and other parties; the ability to manage growth; activities by Vitria and others regarding protection of proprietary information; release of competitive products and other actions by competitors; risks associated with possible delisting from the stock market on which Vitria's securities are listed; and economic conditions in domestic and foreign markets. These and other risks related to Vitria are detailed in Vitria's Annual Report on Form 10-K for the year ended Dec. 31, 2002, filed with the SEC on March 31, 2003. Vitria does not undertake an obligation to update forward-looking statements.
SOURCE Vitria Technology, Inc.
Web Site: http://www.vitria.com