- 14.01.2004, 13:53:03
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- OTE0002
SAND Signs Korean Distributor / TOPEND Technology Inc. to Sell SAND Analytic Server to Insurance Industry and Other Markets
Montreal/Seoul (OTS) - SAND(TM) Technology Inc. (NASDAQ: SNDT), a
leading supplier of high-performance analytic application
infrastructure, today announced that it had entered into an agreement
with TOPEND Technology Inc. of Seoul Korea which will allow TOPEND to
resell the SAND Analytic Server and other SAND products in Korea and
other Asian markets. TOPEND is a leading supplier of innovative IT
solutions to the Insurance and Financial Services industry. The
initial term of the agreement is five years.
"We are very honoured to have a company with the stature of TOPEND
as our first partner in the Pacific Rim," said SAND CEO Arthur
Ritchie. "They have demonstrated to us a great knowledge of their
local markets and of the critical business applications that drive
efficiency in the Insurance industry. They are also very
knowledgeable about competitive products and researched their choice
of SAND extensively. We look forward to a long and profitable
relationship."
"The SAND Analytic Server is the most dynamic, scalable open
systems platform we have encountered for building high performance
analytic applications," added Dong-Won Shin, CEO of TOPEND. "We
believe it is the ideal solution to empower our growing practice in
specialized business solutions for Financial Services and other key
growth sectors in Korea. SAND has proven to be a good partner through
the negotiation of this agreement and the initial training of our
staff in their products and we are very positive about our ability to
do significant amounts of business together."
About the SAND(TM) Analytic Server
The SAND Analytic Server allows integration of virtually unlimited
volumes of data from a variety of sources -- data warehouses,
operational systems, and legacy or third-party databases -- into a
compact, fully indexed analytical repository that can be rapidly
deployed and quickly and easily accessed by business users via SQL92-
compliant Business Intelligence tools or methods. It is highly
scalable to accommodate growth and fast and simple to update to
accommodate business change. The SAND Analytic Server boosts the
performance of existing Business Intelligence architectures while
reducing the need for involvement of specialist data management
staff, and fully supports 24x365 operations, making it ideal for
business-critical applications.
The SAND Analytic Server delivers on the promise of analytics @
the speed of business(TM) by immediately providing tangible business
benefits, and delivering low total cost of ownership and high overall
return on investment.
About TOPEND Technology Inc.
TOPEND Technology specializes in providing exceptional Business
Intelligence SI consulting services and supplying innovative IT
solutions for the Financial Industry, especially in the Insurance and
Banking services industry, and ensures a fast return on investment.
TOPEND solutions and services have a direct influence on enterprises
by improving their competitiveness and delivering business benefits
quickly.
For more information, visit www.top-end.co.kr.
About SAND Technology(Tm)
SAND Technology empowers organizations worldwide with a better
understanding of their business through a better understanding of
their business data. SAND Analytic Server-based solutions include CRM
analytics, web analytics, and other specialized "Business
Intelligence" applications for government and security, healthcare,
customer relationship (CRM) analytics, supply chain management,
inventory and production optimization, financial analysis, and
strategic planning.
SAND has offices in the United States, Canada, the United Kingdom
and Central Europe, and is traded on NASDAQ under the symbol SNDT.
For more information, visit www.sand.com.
All Rights Reserved. SAND Technology, Nucleus, Nucleus Server, N:
VECTOR, Nucleus Exploration Warehouse, Nucleus Exploration Mart,
Nucleus Exploration Data Warehouse, Nucleus Octopus, SAND Online and
MPSO are registered trademarks of SAND Technology Inc. and Nucleus
Virtual Database (VDB), Nucleus Powered! , Nucleus E!, Nucleus
Adviser, SAND Analytic Server, SAND Analytic Warehouse, and Analytics
@ the Speed of Business are trademarks of SAND Technology Inc.
Other trademarks are the property of their respective owners.
Certain statements contained in this press release are "forward-
looking statements" within the meaning of the United States Private
Securities Reform Act of 1995 and are intended to be subject to the
safe harbour protection provided by this Act. Such forward-looking
statements are based on reasonable assumptions and current
expectations, but involve known and unknown risks and uncertainties.
Some assumptions may not materialize and unanticipated events may
occur which could cause actual results to differ materially from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Competitive pressures, availability
and cost competitiveness of competing products, timing of significant
orders, management of potential growth, risks of new business areas
including our new business model, international expansion, decreased
demand for computer software and services due to weakening economic
conditions and market acceptance of the SAND Nucleus Product Suite
are important factors which could cause actual results to differ
materially from those projected. More information about factors that
potentially could affect SAND's financial results is included in
SAND's current Annual Report and in SAND's reports to the Securities
and Exchange Commission.
ots Original Text Service: SAND Technology
Rückfragehinweis:
Media:
Robert Thompson
SAND Technology
pr@sand.com
+(1) 401/862-3538
Benjamin Park
TOPEND Inc.
yspark@top-end.co.kr
+ 82 2 573 2013
Investor Relations:
de Jong & Associates
sndt@dejong.org
+(1) 760/943-9065
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