KIRYAT BIALIK, Israel and LAS VEGAS, July 29, 2004 (PRIMEZONE) -- Integrated Software Development Ltd. (ISD) (Pink Sheets:ITDJ), a provider of enterprise software aimed at small and medium sized enterprises today announced a sale to Hebrew University Jerusalem, one of Israel's leading universities.
This sale is the ISD's first in the higher education sector, and the Company plans to leverage this success to target sales of BENEFIT to other local and international universities. The University will employ BENEFIT to better mange workflows within some of the departments.
BENEFIT is an easy-to-employ solution, which includes many CRM functions focusing on the small to medium sized organization's need for greater internal efficiency, cost control, and customer service quality. Key features include best-of-breed functionality, high scalability, application flexibility, low total cost of ownership and rapid return on investment (ROI). BENEFIT brings many advanced functions to the small and medium business market generally only available in CRM packages aimed at large enterprises.
"While our long term strategy is to focus on international expansion, we continue to grow our business in our home market," said Moti Maram, CEO of ISD. "We are very pleased to add this leading university to our customer base. This is also a good example of how BENEFIT can provide enterprise solutions to a broad range of organizations, including the higher education sector."
About ISD
ISD Ltd. is an Israeli software company providing enterprise software that enables small and medium sized enterprises to optimize functions such as workforce management, contact center operations and asset management. The easy-to-employ solution, BENEFIT, includes many Customer Resource Management (CRM) functions with the focus on customer need for greater internal efficiency, cost control and maintaining customer service quality. BENEFIT is already used by over 3,000 users in more than 200 organizations across a wide range of functions and industries.
For more information, please contact Moshe Gee, at 011-972-54-440 296 or invest@isdsoft.com or visit us on the Web at www.isdsoft.com.
Forward-Looking Statements
Certain statements in this news release may contain "forward-looking" information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.