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Westaim technology investment, Savvion, debuts mobile e-business |
06/15/2000 |
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Download this Press Release
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SAN JOSE, CALIFORNIA, U.S.A. - The debut of Savvion BusinessManagerTM 2.0 brings true mobility to the professionals dependent on staying in touch with their business. For the first time, managers, customers and partners can have instant access to their active business processes via any browser-enabled device-desktop, laptop, wireless Palm Pilot or Windows CE device, or web-enabled cell phone. Remote connectivity completes the promise of e-business-anytime, anywhere business.
The Westaim Corporation holds a 22 per cent equity interest in Savvion, formerly Technology Deployment International.
BusinessManager enables companies to quickly transform business processes into flexible, distributed applications deployed over intranets, extranets and wireless devices. These business processes can then be monitored and managed in real time, regardless of the individual's location. By opening up the extended enterprise to mobile employees, suppliers, partners, and customers, Savvion makes a company's core business accessible to everyone all the time.
"We're essentially knocking down the walls of conventional bricks and mortar businesses by allowing instant communication between all the participants," said Dr. Mohammad Ketabchi, founder and CEO. "By expediting the free-flow of communication between workers, customers and decision makers, we've moved beyond traditional desk-bound business processes."
By putting business processes online where they can be easily accessed and managed, BusinessManager streamlines everyday work scenarios. Workers on the road can access and perform their personal tasks and managers can oversee the work underway in their departments and make real-time changes. For example a field repairman can order parts and receive new assignments on his Palm computer, a sales manager can review and approve an urgent price quotation on his web-enabled cell phone, an insurance adjuster in the field can submit a claim online. The list is virtually endless.
About Savvion
Savvion is an innovative global provider of Internet deployed business management solutions. The company's flagship product, BusinessManager, 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 received a $25M first round funding in April 2000 from an international investment group including: Westaim Corp (TSE: WED, Nasdaq: WEDX), HIG Capital, TransCosmos USA (Japan) and D-Age (Netherlands) and Redwood Venture Partners. Savvion is headquartered in the heart of Silicon Valley 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. In addition to its investment in Savvion, Westaim's technology investments include Westaim Biomedical Corp., which has developed an infection control technology for use in the treatment of wounds, and iFire Technology Inc., which has developed a revolutionary low-cost flat panel display. 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 more information:
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 MacGregor, 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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