Today's news was nice to see...Took a big hit with the market and revenues were not that disappointing for 3rd Quarter..IMO will be interesting to see how many more key deals were pushed out of 3rd Quarter.Hoping that we see some more positive news soon on this one..had some nice buying allday today and it really did not move the stock until afterhours trading slightly.Here is today's news and hoping for more soon...
Jeff
(COMTEX) B: Gentia Announces $3.0 Million Software Deal B: Gentia Announces $3.0 Million Software Deal
LONDON, Nov 9, 2000 (BUSINESS WIRE) -- Gentia Software (Nasdaq: GNTI), a leading provider of intelligent analytical applications, today announced that a leading European eCRM software vendor has licensed from thinkAnalytics, a wholly owned subsidiary of Gentia, its intelligent applications platform for a one-time license fee of $3.0 million. The agreement signed earlier this week enables the eCRM company to incorporate the technology into its intelligent customer interaction solutions.
"We are pleased to have concluded this significant deal in the first half of the quarter," said Steve Fluin, Chief Executive Officer, Gentia Software. "The deal underlines the strong demand for our software and further demonstrates our ability to complete major license deals."
The Company also announced that under the terms of this agreement, $1.8 million due on signing the contract has already been collected, with the remaining $1.2 million to be collected before the end of the year. The customer licensed the thinkAnalytics platform to augment its own eCRM technology for intelligent customer interaction. Further details of this agreement were not disclosed.
Tim Jones, President and Chief Technology Officer, thinkAnalytics commented, "We made a decision to develop the next generation of analytical technology some years ago. What we have created is a component-based knowledge discovery platform upon which we have built our own customer relationship analytical applications. As well as developing and marketing these applications to our customers, we have also marketed the platform technology to other software vendors to catalyze greater market penetration. This deal further validates our market approach and demonstrates the power of our technology."
About Gentia Software
Gentia Software (Nasdaq: GNTI) is a leading supplier of intelligent analytical applications for enterprise performance management and customer relationship analytics. Its product suites sustain and improve business performance by improving the quality of customer interactions and driving strategy and performance management. Gentia incorporates unique technology and the world-class consulting expertise of partners including IBM, NCR and KPMG. Gentia offers the best-in-class solutions for Fortune 1,000 companies including Volvo, Sprint, Bell Atlantic, Credit Suisse First Boston and Motorola. For more information, visit www.gentia.com or call 1-8884GENTIA (United States), +44(0) 208 971 4000 (Europe).
About thinkAnalytics Corporation
thinkAnalytics Corporation, headquartered in Boston, MA, is the only software vendor dedicated to Customer Relationship Analytics (CRA). thinkAnalytics is a wholly-owned subsidiary of Gentia Software (Nasdaq:GNTI).
About thinkCRA
thinkCRA is thinkAnalytics' packaged analytical application. It helps organizations understand their customers by analyzing customer information buried in front-office CRM and other corporate systems' data. It provides detailed, actionable information in areas including customer segmentation, customer loyalty, customer value, and marketing effectiveness.
For more information, please visit www.thinkanalytics.com or send an e-mail to info@thinkanalytics.com. Media and analyst inquiries should be directed to Mary Beth Germanos, Corporate Marketing Director, at thinkAnalytics Corporation, by telephone at: 617 342 7058 or via e-mail at mgermanos@thinkanalytics.com.
CONTACT: Martin McCann Gentia Software +44 20 8971 4057 mmccann@gentia.com or Mary Beth Germanos thinkAnalytics 617 342 7058 mgermanos@thinkanalytics.com
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KEYWORD: INTERNATIONAL EUROPE INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE HARDWARE INTERNET SOFTWARE
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