Striata Inc. and InteliData Form Strategic Alliance to Market the Striata eBilling Suite
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RESTON, Va.--(BUSINESS WIRE)--July 29, 2004--InteliData Technologies Corp. (Nasdaq:INTD), and Striata today announced their agreement to jointly market Striata's eBilling Suite and services into their respective markets under a revenue sharing agreement. Under the terms of the agreement, Striata will provide its world-class secure Electronic Bill Presentment services, and InteliData will provide its Financial Services industry leadership and leading bill payment technology, resulting in an end-to-end solution that can be deployed in-house or in an ASP environment.
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"This joint marketing agreement represents a significant opportunity for both companies," said Al Dominick, InteliData's Chairman and CEO. "Financial Services providers will now have quick, easy and cost-effective access to an internationally proven solution that offers complete delivery of electronic bills via email or website, so their customers can receive and pay bills completely electronically."
"Having IBM and Novell in the Global Technology Alliance Program confirms that enterprise organizations can count on Acronis for all of their storage needs, " said Walter Scott, CEO of Acronis, Inc. "As the computing and storage needs of enterprise organizations become more complex, strategic partnerships are not only beneficial, but necessary."
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As vice president of marketing and customer care for Canon Computer Systems, Inc., Bergman spearheaded the development and implementation of Canon's U.S. printer and computer peripherals business strategy and marketing plan, resulting in sales growth from zero to $1 billion in four years. Prior to joining Canon in 1992, he was director of product management for Epson America, Inc., where he was responsible for marketing and product planning. Bergman was also vice president, consumer marketing for Print Technology Inc., and served as a product manager at Atari, Inc.
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"We are very excited about this partnership with InteliData. It brings together two companies with a shared vision of cost effective, convenient presentment and payment solutions for billers and banks alike," says Garin Toren, COO and head of Striata Inc., North America. "The Striata Application platform takes eBilling to the next level of convenience, allowing billers to securely deliver an encrypted eBill directly into the consumer's inbox. By adding the payment element, the full EBPP loop is cost effectively closed."
- Acronis, Inc., the technological leader in storage management software, announced that marketing director Stephen Lawton will discuss Acronis Disk Director Suite on the Let's Talk Computers show on Saturday, Nov. 26, 2005. Let's Talk Computers ranks as one of the longest running radio computer talk shows, the minute computer information since 1989.
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"Our partnership will provide financial services organizations access to direct secure connections to their customers," Dominick concluded. "We also know that partnerships and collaboration between players in the EBPP space is what it will take to move EBPP forward."
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About InteliData
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With over a decade of experience in the industry, InteliData provides online banking and Electronic Bill Payment and Presentment "EBPP" technology and services to leading banks, credit unions, financial institution processors and credit card issuers. The Company develops and markets software products that offer proven scalability, flexibility and security in supplying real-time, Internet-based banking services to its customers. The Company also provides application services provider ("ASP") and hosting solutions. Visit the Company's Web site at www.InteliData.com.
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About Striata
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Striata Inc. is an application software developer and service provider focused on enabling secure electronic communication. The Striata Application Platform provides highly flexible, robust and scalable products deployable across multiple operating systems. Striata specializes in the secure delivery of Bills, Statements, Invoices and Payslips via secure e-mail. Striata has been a provider of software and services in the electronic messaging arena since 1999 and has offices in New York, London, Sydney, Johannesburg and partner offices in Dublin, Frankfurt, Atlanta, Washington DC and Honolulu. Visit www.striata.com.
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"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
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This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the uncertainty as to whether the Company will be successful in consummating any financial or strategic transaction, our ability to continue funding operating losses, the impact of declines in the Company's stock price and its ability to maintain minimum listing standards of the NASDAQ stock markets, our ability to manage our expenses in line with anticipated business levels, the ability of the Company to complete product implementations in required time frames and the Company's ability to increase its recurring revenues and profits through its ASP business model, the impact of competitive products, pricing pressure, product demand and market acceptance risks, pace of consumer acceptance of home banking and reliance on the Company's bank clients to increase usage of Internet banking by their customers, the effect of general economic conditions on the financial services industry, mergers and acquisitions, risk of integration of the Company's technology by large software companies, the ability of financial institution customers to implement applications in the anticipated time frames or with the anticipated features, functionality or benefits, reliance on key strategic alliances and newly emerging technologies, the ability of the Company to leverage its third party relationships into new business opportunities in the EBPP market, the on-going viability of the mainframe marketplace and demand for traditional mainframe products, the ability to attract and retain key employees, the availability of cash for long-term growth, product obsolescence, ability to reduce product costs, fluctuations in operating results, delays in development of highly complex products and other risks detailed from time to time in InteliData filings with the Securities and Exchange Commission. These risks could cause the Company's actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, InteliData. InteliData is not under any obligation (and expressly disclaims an obligation to) update or alter its forward-looking statements, whether as a result of new information or otherwise.
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Contacts
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InteliData Technologies Corp.
Jeffery Sterritt, 703-259-3000
