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2004 2003200220012000 |
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Geobot Announces Four New Installations Memphis, TN (November 19, 2001) -- Geobot, Inc. a developer of configurable messaging software, today announced four new deployments of its flagship Geoswitch™ software in the financial services industry targeted by the company earlier this year. The installations are with a top 20 U.S. bank, a top 25 international bank family, a top 60 U.S. bank, and a tier three U.S. bank. All of the clients expect the Geoswitch to accelerate their system integration efforts, reduce development expenses, and facilitate faster new product introductions. "We expect the (financial services) industry’s technical community to continue to focus on application integration infrastructure through 2005, and we are well positioned to provide the industry with the platform, products and expertise needed," says Dan Smith, managing director of Geobot’s financial services practice. "Our license income from these engagements has the potential to grow substantially as the firms internalize the Geoswitch and extend its use throughout their organizations," Smith continued. "We expect our current successes to generate recurring revenues for us in future periods." "The significant investment that we have made over the last two years in the development of a pure Java, agent-based integration broker platform has resulted in a world class product that has been very well received within the Financial Services marketplace," said James M. Foley, president and chief operating officer, Geobot. "The adoption of the Geoswitch as an integration platform in financial services validates not only the adaptability of our products, but also the efficacy of the targeted vertical market strategy we’ve initiated. These early successes make it clear that the financial community recognizes the Geoswitch as a value proposition for their organizations and gives us the momentum to aggressively pursue -- via direct sales and channel partners -- our other targeted vertical markets." About Geobot, Inc. Geobot is the provider of a dynamically configurable integration broker product known as the Geoswitch™ . The Geoswitch is designed to allow organizations to rapidly and cost-effectively integrate disparate systems and applications into their e-business and CRM platforms. Geobot provides a single enterprise framework to share information in real-time, with the added capability of extending functionality through the use of run-time pluggable logic. Founded in February 1999, Geobot is headquartered in Memphis, Tennessee, and is privately held. Contact: Darren Raybourn Geobot, Inc. 901-261-8961 draybourn@geobot.com David Latham Delta Capital Management LLC 901-755-0949 yearwood@deltacapital.com |
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