KIRYAT BIALIK, Israel and LAS VEGAS, March 7, 2006 (PRIMEZONE) -- Integrated Software Development Ltd. (ISD) (Pink Sheets: ITWJ) (Other OTC:ITWJ), a provider of enterprise software aimed at small- and medium-sized enterprises, today announced that it has signed an agreement with Mivtzar Alarm and Security Systems Ltd.
The sale to Mivtzar comes three months after ISD made a large sale to Amin General Security Ltd., another player in this large vertical market. "ISD identified the alarm and security business as a perfect match for the use of BENEFIT," notes Moti Maram, CEO of ISD. "This industry supplies huge quantities of equipment, pretty much in every installation they do. In addition, the security service is booming. The combination of the two make for serious CRM management challenges that BENEFIT is able to solve, both in terms of service and sales."
Mivtzar was founded in Israel in 1989, specializing in the installation and maintenance of security and fire detection systems, as well as several other low voltage applications. The company operates an advanced emergency center for its customers, which include the Ministry of Defense, the Israeli Defense Forces, EuroCom, Motorola, local municipalities and several high-tech and industrial companies. The company also services private homes and individuals.
Maram continues, "The demands on this industry are naturally higher than in most others, because human lives are involved. Mivtzar has expanded beyond the capabilities of their existing system and BENEFIT brings them the performance levels they need to stay on top of their industry and clients. We are continually finding that the performance of BENEFIT far exceeds that of our competition, on virtually all program parameters. This builds real value in the Company and we hope to target more security and alarm companies as we move forward."
BENEFIT is an off-the-shelf solution that is geared toward small- to mid-sized customers in service-intensive industries. It offers the power and many of the features found in custom-made CRM and ERP enterprise systems at a fraction of the cost. BENEFIT includes many CRM functions serving the needs of organizations for greater internal efficiency, cost control, and customer service quality.
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 Jeff Adams at invest-isd@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.