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FOR IMMEDIATE RELEASE
Optura Software Reports a 51% increase in Software Revenue in Q2 2004. Revenue growth from leading global consumer product goods and chemical companies leads the way. |
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Phoenix, AZ, June 30, 2004 - Optura, a wholly owned subsidiary of SBI Group, today announced its most successful quarter ever as continued momentum surrounding the xCollaboration™ product line increased year over year. Q2 revenue was up 51% over Q2 2003 results reflecting strong acceptance for Optura's business process improvement software. Customers have engaged Optura to help them address process optimization issues in areas such as accounts payable and material and item master management; thereby placing Optura on track to exceed its aggressive yearly plan in both revenue and profitability. Optura's 2004 first half success demonstrates continued momentum at a time when customers are looking to improve their business process collaboration and workflow. "Our history of providing process optimization solutions with rapid and significant ROI has positioned us to take advantage of the high level of interest that is occurring in the business process improvement marketplace," said Coleman Barney, CEO of Optura. "Customer's have recognized and benefited from the value of our solutions and the results of the 1st half of 2004 reflect the momentum we have built. We look forward to an exciting year ahead." Key achievements for the first half of 2004 include:
"Optura's ability to deliver process innovation through composite software applications has clearly hit home with our customers," said Sam Ahuja, Optura Vice President and Chief Process Architect. "Solutions such as Vendor Invoice Management can quickly plug into a customers existing environment, introduce new and improved business processes, and deliver ROI faster, and more effectively than any competing solutions on the market." About Optura Optura, a wholly owned subsidiary of SBI Group, develops Business Process Optimization (BPO) software that help customers capture more value from the significant investments they've already made in their enterprise systems. Optura develops and supports a line of packaged workflow applications under the xCollaboration™ product line. xCollaboration products include Optura Vendor Invoice Management™, Optura Master Data Management™, and Optura Customer Order Management™. For more detail, visit www.opentext.com Press Contact Robert Monio VP, Channel Relations rmonio@optura.net (952) 461-4750 |
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* This Press Release is in the Adobe PDF format, which requires
Adobe Reader.
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