SANTA CLARA, CALIFORNIA, U.S.A. - Savvion, formerly Technology Deployment International, today unveiled its new corporate strategy to stake out a leadership position in the e–business market, specifically the burgeoning area of business and operations management. The first phase in the execution of this strategy includes a new company name, blue-ribbon investment capital, a new Website, http://www.savvion.com, and the upcoming release of version 2.0 of its industry-leading product.
The Westaim Corporation holds a 22 per cent equity stake in Savvion.
Savvion is now focused exclusively on product development, marketing, and professional services in support of Savvion BusinessManagerTM, Savvion’s flagship product. BusinessManager provides corporate managers with the tools to quickly transform business processes into flexible, distributed Web applications. A new version of the product, containing significant enhancements, will be unveiled next week at CMP’s e–Business Expo and Conference in San Jose, California.
“The Internet has created an opportunity to fundamentally change the way business process management is delivered, by integrating customers, suppliers, and employees into a seamless e–business process,” said Dr. Ketabchi, Savvion founder and CEO. “BusinessManager’s Java-based platform is accessible by these individuals from anywhere using either a standard Web browser or the new generation of wireless palm computers and Web-enabled cell phones.”
Savvion recently received $25 million in first-round financing from strategic investors worldwide to promote market awareness of its new identity, product, and sales team. Investment capital was accepted from Japan, the Netherlands, Canada, and the U.S., enabling Savvion to respond much more rapidly to worldwide customer demand for managed online business.
Savvion BusinessManager 2.0 will begin shipping later this month.
About Savvion
Savvion is an innovative global provider of Internet-deployed business management solutions. The company’s flagship product, Savvion BusinessManagerTM, lets customers automate business operations by quickly transforming internal and external processes into flexible, distributed Web applications that can be accessed and managed over intranets, extranets and wireless devices. Customers then manage their business and their processes online, streamlining interaction with their customers, partners, suppliers, and employees. BusinessManager gives customers a real-time, online view of their business operations, and the power to modify automated processes dynamically based on changing conditions. Privately held, Savvion is headquartered in Santa Clara, Calif. For more information, visit www.savvion.com or call 1-888-544-5511.
About the Westaim Corporation
The Westaim Corporation is a technology incubator that launches exceptional technologies into the marketplace. Its technology investments include Westaim Biomedical Corp., which has developed an infection control technology for use in the treatment of wounds, iFire Technology Inc., which has developed a revolutionary low-cost flat panel display, and Savvion, a leader in e-business management software. Westaim’s common shares are listed on Nasdaq under the symbol WEDX and on The Toronto Stock Exchange under the trading symbol WED.
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For Press Relations:
Tony Johnston, Senior Vice President, Corporate Affairs
The Westaim Corporation
(403) 234-3103
info@westaim.com
www.westaim.com
Don Nanneman
Savvion
(408) 330-3496
nanneman@savvion.com
Mary McGregor
Spiralgroup for Savvion
(760) 360-9014
marym@spiralgroup.com
This news release may contain forward-looking statements. These statements are based on current expectations that are subject to risks and uncertainties, and the Company can give no assurance that these expectations are correct. Various factors could cause actual results to differ materially from those projected in such statements, including financial considerations and those predicting the timing and market acceptance of future products. The Company disclaims any intention or obligations to revise forward-looking statements whether as a result of new information, future developments or otherwise. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement.
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