STOCKHOLM, Sweden, April 30, 2003 (PRIMEZONE) -- ReadSoft's partner Altos Technologies has recently been awarded contracts by large financial institutions and pharmaceutical firms to provide cost savings and increase efficiencies with ReadSoft's products. The initial order value for ReadSoft is approximately 200,000 MUSD.
While Altos Technologies has been a partner with ReadSoft for only one year, this Puerto-Rican company has gained success as being named the top new ReadSoft reseller or "Rookie of the Year" in 2002. The organization is both a reseller of the award-winning FORMS and INVOICES technologies and a customer in the data collection division of their organization.
"ReadSoft and Altos Technologies have partnered together to solve real business problems for our customers," offered Joe Marcial, President of Altos. "Our customers need the experience that comes from working with a professional integration organization and an industry leading software provider."
"We are impressed with the capabilities of Altos to implement our technologies. Altos' implementation in business critical applications consistently meets customer expectations by being on time and on budget," said Jan Andersson, MD of ReadSoft.
About Altos Technologies:
Altos Technologies specializes in serving customers in regulated vertical markets, such as pharmaceutical, healthcare, and financial. The goal at Altos is to provide effective implementation of the industries' most advanced information technology solutions.
What is INVOICES?
ReadSoft's INVOICES solution is designed to recognize unstructured invoice documents and capture data such as sender, invoice number and invoice amount from anywhere on the invoice. Also, the software checks the data against information in the customer's business system.
What is FORMS?
FORMS offers organizations substantial savings, increased productivity and improved data quality. FORMS reads handwritten text, machine-print, barcodes, check boxes, circles, tables, matrixes, and even complete addresses. Among other benefits, automatic forms processing is much faster than manual keying of information, offering a quick return on investment.
ReadSoft AB
Jan Andersson, MD ReadSoft Pho: +46-(0)708 - 37 66 00 Olof Engvall, Head of Information Pho: +46-(0)708 - 37 66 70 E-mail: olof.engvall@readsoft.com
About ReadSoft
ReadSoft, is the world's leading supplier of software for document automation and associated information processing. The company develops and markets a broad range of products based on our own products FORMS, INVOICES and EZ-OUT, and supplementary systems developed for them. Since its founding in 1991, ReadSoft has developed into a global group with 11 subsidiaries in Europe, North and South America and Australia, and a large number of local and global partners. ReadSoft is headquartered in Helsingborg, Sweden, and its primary R&D facility is in Stockholm. The ReadSoft Group employed 261 people at year-end. ReadSoft has been listed on the Stockholm stock exchange, since 1999.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/04/30/20030430BIT00280/wkr0001.doc
http://www.waymaker.net/bitonline/2003/04/30/20030430BIT00280/wkr0002.pdf