DaimlerChrysler Bank and Vitria Take Top Honors at the 6th Annual EAI Forum Awards in Germany
FRANKFURT, May 11, 2004 -- Vitria (Nasdaq: VITR), a leading provider of business process integration solutions, today announced that DaimlerChrysler Bank and Vitria were honored with the Enterprise Application Integration (EAI) Award 2004 for Best EAI Project at the 6th Annual EAI Forum held in Mainz, Germany last week. IIR Germany GmbH, organizer of the EAI Forum, recognized DaimlerChrysler Bank for the "InTraDe" project, a solution for automating and optimizing business processes built on the award-winning Vitria:BusinessWare™ business process integration platform.
Upon receiving a full-bank license in 2002, DaimlerChrysler Bank wanted to augment its existing finance and leasing organization with additional banking services such as deposit banking, investment funds and credit cards. These new customer services required that the existing IT infrastructure be updated and expanded in order to accommodate more complex financial transactions and additional volume. In addition, DaimlerChrysler Bank was looking to increase visibility and exert more control across all of the bank's strategic business processes.
With the new system built with Vitria, DaimlerChrysler Bank has automated and integrated into its existing IT infrastructure new external services such as credit checks and credit card billing resolution. In addition, by gaining more visibility across all its business processes, the bank can conduct real-time analysis of its overall business performance and adjust any business process according to the results received -- all within the same Vitria:BusinessWare platform.
"A flexible software architecture with a well-built EAI infrastructure plays a key role in a company's business success, however, the importance of these factors is still not fully understood at the top management levels," said Lueder Schulz-Nigmann, manager of the EAI Forum, IIR Germany GmbH. "This award is intended to foster a greater focus on integration as a business enabler."
"DaimlerChrylser Bank has been a great customer and we're thrilled that our work together caught the attention of the prestigious EAI Forum judging panel in Germany," said Dale Skeen, founder and CEO, Vitria. "The adjudication process for this award is a rigorous one and placing first is both a great honor and a ringing endorsement that our business process integration approach achieves significant business results."
The judges at the 6th Annual EAI Forum pointed to the ability of Vitria:BusinessWare to enable automation of existing business processes while newer processes can also be accurately modeled and quickly and easily executed simultaneously. In addition, the completion of a detailed Return on Investment (ROI) calculation before the project began along with the system's ability to measure the process performance via Key Performance Indicators (KPIs) were two other key factors leading to the selection of the InTraDe project. The judging panel for the award this year included: Dr. Wolfgang Martin, META Group fellow; Richard Nußdorfer of CSA-Consulting; Ulrich Pape, director of the EAI Competence Center, Fraunhofer ALB; and Sascha Alexander, editor with the IT trade magazine, Computerwoche.
About Vitria:BusinessWare
Vitria:BusinessWare™ is a business process integration platform that orchestrates interactions across a company's existing applications, data, people and partners to continuously improve one or more strategic business processes. Vitria:BusinessWare gives companies complete control and visibility of their business operations across their extended enterprise, enabling them to improve the efficiency of their business operations, reduce time to market for new products and services, develop closer relationships with their partners and customers, and rapidly respond to changing business conditions. The proven Vitria:BusinessWare solution was the industry's first platform for business process-centric integration and is widely recognized as the most flexible and powerful solution available, adopted by hundreds of customers and partners in a broad range of industries.
About Vitria
Vitria Technology, Inc. (Nasdaq:VITR), a leading provider of business process integration products and solutions, combines technology leadership with industry expertise in healthcare and insurance, telecommunications, manufacturing and financial services to dramatically improve strategic business processes across systems, people and trading partners. These solutions are built on the award-winning BusinessWare™ Enterprise Business Process Management suite. With offices around the world, Vitria's customer base includes blue chip companies such as AT&T, Bell Canada, BellSouth, Blue Cross Blue Shield Association, BP, BT, DaimlerChrysler Leasing, Generali, Nissan, PacifiCare Health Systems, Reynolds & Reynolds, RBC Financial Group, Sprint, U.S. Department of Defense and Veterans Health Administration. For more information call +1-408-212-2700, info@vitria.com or visit www.vitria.com.
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Vitria and BusinessWare are registered trademarks of Vitria Technology, Inc. All other names may be trademarks of the companies with which they are associated.
Cautionary Note Regarding Forward-looking Statements: This press release includes forward-looking statements, including statements relating to new products, goals and future business opportunities that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to: failure to meet financial and product expectations of analysts and investors: risk related to market acceptance of Vitria's products and alliance partners' products; deployment delays or errors associated with these and other products of Vitria and partners; hardware platform incompatibilities; the need to maintain and enhance certain business relationships with system integrators and other parties; the ability to manage growth; activities by Vitria and others regarding protection of proprietary information; release of competitive products and other actions by competitors; risks associated with possible delisting from the stock market on which Vitria's securities are listed; and economic conditions in domestic and foreign markets. These and other risks related to Vitria are detailed in Vitria's Annual Report on Form 10-K for the year ended Dec. 31, 2003, filed with the SEC on March 12, 2004. Vitria does not undertake an obligation to update forward-looking statements.
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