Vitria:BusinessWare Named as Finalist for Network Computing's 10th Annual Well-Connected Awards
Vitria's leading integration platform places high in "Integration Suite" Category
SUNNYVALE, Calif., April 13, 2004 -- Vitria (Nasdaq: VITR), a leading provider of business process integration solutions, today announced that its award-winning business integration platform, Vitria:BusinessWare™, is a finalist in Network Computing's 10th Annual Well-Connected Awards in the Integration Suite category. Network Computing is a bi-monthly magazine published by CMP Media, LLC.
The Well-Connected Awards pay tribute to the past year's exceptional technology products. Winners are selected by Network Computing editors to represent the industry's best offerings. These IT experts test products and services throughout the year in their Real-World Labs, comparing features and functionality to find the best offerings in the enterprise arena.
"Network Computing has acknowledged the best and brightest in the networking and IT worlds for 10 years through its annual Well-Connected Awards," says Mike Lee, editor of Network Computing magazine. "The awards are determined as a result of product testing in the Real-World Labs of Network Computing, located throughout the U.S. More than 130 finalists in more than 40 categories have been named. The winners will be announced in the coming weeks."
The original evaluation of Vitria:BusinessWare appeared in the article "Smooth Integrators," which was featured in the August 7, 2003 issue of Network Computing (http://www.nwc.com/showArticle.jhtml?articleID=15000693). Five enterprise application integration (EAI) suites were reviewed, with only two moving on to become finalists in the 2004 Well-Connected Awards.
"We're thrilled that Vitria:BusinessWare has been selected as a Well-Connected Award finalist," said Gary Velasquez, CEO of Vitria. "These awards are only given to products, technologies and services that have withstood rigorous testing in Network Computing's real world scenarios. Being considered for a Well-Connected Award is both an honor and an important endorsement," added Velasquez.
Winners of the Network Computing Well-Connected Awards will be will be highlighted in the May 13th issue of Network Computing and online at www.nwc.com
About Network Computing
For IT, By IT, Network Computing (http://www.networkcomputing.com), published by CMP Media LLC, Manhasset, N.Y., is dedicated to providing critical analysis of technologies, vendors and products to 220,000 IT managers and staff who are accountable for strategic technology purchase decisions. In 2003, Network Computing won a total of four awards from the American Society of Business Publications Editors (ASBPE), including a national award in the Best Technical Article category.
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 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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