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RED OAK SOFTWARE SIGNS MATERIAL CONTRACT WITH
A LARGE NORTH AMERICAN TELECOMMUNICATIONS COMPANY
MOUNTAIN LAKES, NJ, March 27, 2008
– Red Oak
Software, Inc., a leader in Application Integration
solutions, announced today that it has entered into a material
agreement with a major North American telecommunications company.
Revenue from the contract, which was recently signed, will be
recognized in the current and in future quarters.
As with companies in most industries,
telecommunications providers can gain a significant competitive edge by
providing superior customer service. The company sought a solution that
would allow it to more rapidly develop new applications and improve
service to their customers while at the same time reducing operational
costs. The agreement is a major extension of a contract in place since
2002 for the use of Red Oak’s Legacy Integrator suite of
products. By implementing Legacy Integrator, the company has deployed
numerous enterprise-class solutions over the years that fully automate
the creation and deployment of legacy business objects. Executing this
agreement significantly expands their use of an industry-leading
solution that has been delivering value continuously to some of the
world’s largest organizations.
The telecommunications company will be able to
further simplify, automate and integrate customer service processes.
This will reduce costs while providing better access to application
functionality and data needed to drive more profitable interactions and
deliver a superior customer experience.
"After building momentum for our integration
solutions in the insurance, financial services and healthcare
verticals, we are now seeing significant renewed interest from the
telecommunications market," said George Cummings, chief executive
officer of Red Oak. "This agreement is important for Red Oak. This is a
substantial contract with an industry-leading telecommunications
company that follows similar investments in Red Oak technology by other
telecom leaders. Companies in this vertical industry have a strong
focus on improving customer service, enhancing the overall customer
experience and increasing selling opportunities. All of these
objectives are initiatives that can be successfully accomplished
utilizing Red Oak Software solutions and expertise."
About Red Oak Software, Inc.
Since 1999 Red Oak has specialized in creating
leading edge Transaction Integration™ solutions for
production legacy and web-based application systems. Their
enterprise-class products have been successful utilized in large-scale
critical production environments by many of the Fortune 500. Using the
most advanced non-invasive technology available, these products enable
the automated development and scalable deployment of reusable
programmatic business services and create flexible integration
solutions to all major legacy and web systems via the logic of the host
Red Oak designs, develops, sells and supports this
portfolio of server-based integration solutions under the umbrella of
their Application Integration Framework. Their current AIF™
||Automated creation and deployment of web
||Integrate HTML and XML application
||Integrate application transactions from IBM
and Unix/Linux systems
||Integrate 3270, 5250 and VT application
||Process modeling solution for integrating
complex legacy transactions
||Integrate Unisys host application
||Integrate HP midrange host application
||Integration adapter solution for above to
Microsoft .NET systems
Industry analysts refer to this high value
application integration market as Programmatic Integration Servers.
These non-invasive, efficient and scalable solutions can be integrated
with a myriad of other business systems, including integration systems,
application servers and IVR Systems.
Red Oak is a privately-held corporation, financed
through venture capital from Opticality Ventures of New York. The
company is headquartered in Mountain Lakes, New Jersey. Additional
information is available at: Red Oak Software, Inc., 115 Route 46,
Suite F1000, Mountain Lakes, New Jersey 07046; Phone: 973-316-6064;
or at the Web site: www.redoaksw.com.
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