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Subject: [announce] Arbortext Signs Oracle,GE Power Systems and Dynegy Among 64 New Customers for Fourth Quarter
Arbortext Signs Oracle, GE Power Systems and Dynegy Among 64 New Customers for Fourth Quarter Experiences 14% growth for fiscal year ending December 31, 2001 ANN ARBOR, Mich., January 28, 2002 -- Arbortext, Inc., the only global provider of XML-based software that enables the creation, editing and publishing of information to multiple media types from a single source of content, today announced that the company’s revenues for the fiscal year ending December 31, 2001, grew 14 percent from the previous year. Fueling this growth was the addition of 64 new customers during the fourth quarter, including Oracle (NASDAQ: ORCL), GE Power Systems and Dynegy (NYSE: DYN). "This year has been rewarding for us,” said Raymond Schiavone, President and CEO for Arbortext. “We continue to be successful in delivering multichannel publishing solutions with a compelling business case and provable ROI - a must for IT investments to be funded in today’s environment. As a result, we’ve signed many large, multinational organizations as new customers, introduced new products and capabilities, and entered into several strategic partnership alliances. We are well positioned to continue this growth and look forward to a successful 2002.” Arbortext’s Epic product suite enables organizations to create a single source of information and automatically assemble and publish that information for multiple audiences to multiple types of media: Web, print, CD-ROM, wireless and more. Through Epic, Arbortext’s customers are experiencing the benefits that an XML authoring and multichannel publishing solution offers, including reusing rather than recreating information, eliminating costly manual efforts by automating the publishing process, and reducing both the cost and time to market of new and improved products. “Our research indicates the top three factors that organizations seek when evaluating vendors are their product’s ability to meet the requirements, their understanding of the business problem, and their stability,” said Michael Maziarka, Director at CAP Ventures, a leading research and consulting firm. “Arbortext’s success is not a surprise because they can directly address these factors: they develop products which support current needs and future requirements; they continue to take a leadership role in the industry; and they can reference their extensive experience.” Q4 Highlights Continuing to strengthen its strategic alliances, Arbortext announced integrations with two leading content management providers, Interwoven and FileNET. Arbortext signed 64 new customers in the quarter ending December 31, 2001, bringing the total customer count to more than 3,600. Leading companies signed in Q4 include Blue-Cross Blue-Shield of Michigan, Dynegy, GE Power Systems, North Dakota Legislative Council, Oracle and SWIFT. Arbortext also saw reorders from many of its larger customers, including Ameritech, AstraZeneca, Bankers Systems, Ericsson, GE Aircraft, Lockheed Martin, SAP and Schlumberger. About Arbortext Arbortext is the only global provider of XML-based software that enables the creation, editing and publishing of information to multiple media types – Web, print, CD-ROM, wireless – from a single source of content. Shipping since 1991, Arbortext’s standards-based software supports technical publishing, reference publishing and catalog publishing applications that enable enterprises to provide more accurate, cost-efficient, complete, timely, consistent and usable information on all media. Arbortext’s software is installed at over 300 large, multinational organizations. Current customers include American Express, Audi, Boeing, British Aerospace, Caterpillar, DaimlerChrysler, Ericsson Telecom, Ford, General Electric, GM, IBM, International Thomson Publishing, Lucent, Nokia, Nortel Networks, PeopleSoft, Pfizer, Qantas, Ricoh, Sun Microsystems, United Airlines, Volkswagen, Volvo and West Group. Arbortext is a founding member and active participant in the XML Activity of the World Wide Web Consortium (W3C). Headquartered in Ann Arbor, Michigan, USA, Arbortext has offices around the world. For more information please visit http://www.arbortext.com. # # # Contact: Beth Ambaruch Steve Jensen Arbortext, Inc. Phase Two Strategies +1 734.327.6014 +1 415.772.8403 bea@arbortext.com sjensen@p2pr.com
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