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By Mark Watson The Commercial Appeal Germantown firm grabs 3 major deals Germantown, TN (March 21, 2001) - Germantown's uMonitor Inc. has snagged three deals that may generate, altogether, several hundred thousand dollars in revenue. uMonitor provides a secure information aggregation platform that allows users to forgo having to enter a variety of passwords to check the status of relevant news, to monitor and transact business with personal financial accounts, to track packages and to send or receive E-mail. One of the potentially larger deals is with Unisys Corp., which is incorporating uMonitor's service in its LocalLife.com Community Portal in West Chester, Pa., and surrounding communities. The portal provides a way people in a geographic area can use the Internet to connect more easily with each other and find local government and commercial resources. "uMonitor's best-in-class account aggregation technology brings a new level of convenience and control to all LocalLife.com users," said Mary Ann Zaborowski, Unisys e-Business Services vice president and general manager. "Users follow a simple setup procedure to customize a personal account page, tailoring the content, layout and color scheme. After that, viewing and managing account data is convenient, easy and secure." Dinesh Sheth, uMonitor chief executive officer, said uMonitor may be used other places where Unisys helps establish community portals. uMonitor is also partnering with iFarm, a Memphis-based company that provides an Internet marketplace, news and other services for agriculture. iFarm opened its site, http://www.ifarm.com, in late November. "Information availability and management is a big issue for farmers," said Chris Long, iFarm president and chief executive officer. "It can be overwhelming . . . and we think tools like the uMonitor aggregation utility can help farmers collect what they need to make better business decisions." Another announcement involved ZCorum Inc. of Alpharetta, Ga., a suburb of Atlanta. ZCorum enables organizations such as independent phone companies and utilities to add advanced Internet services to their main business. "In a highly competitive market, the quality of customer service is one of the few ways we can differentiate ourselves from the competition," said Ben Ow, ZCorum president. "uMonitor will allow us to offer our customers a valuable service to help them manage their busy lives." Sheth called the deals "important milestones in our march forward." Declining to talk specifics, Sheth estimated the smaller of the deals should generate $15,000-$20,000 a year, and the larger deals may generate several hundred thousand dollars. uMonitor now has fewer than 50,000 registered users, but, through these deals, uMonitor's user base could exceed 500,000, Sheth said. "We are not profitable yet, but we are on our path to get there," he said. Contact: Cindy Hofmeister Thomas uMonitor.com, Inc. 901-757-1212 x113 email: cthomas@umonitor.com Don Mundie Delta Capital Management LLC 901-755-0949 |
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