14.01.2004 – 13:43
SAND Signs Korean Distributor - TOPEND Technology Inc. to Sell SAND Analytic Server to Insurance Industry and Other Markets
SAND 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 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 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
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 Originaltext: SAND Technology
de Jong & Associates