Vitria's eBusiness Platform Enables RMI.NET to Integrate Acquisitions and
Lower Operating Expense; Partnership Brings Together Two of The
Fastest-Growing U.S. Technology Companies
DENVER, Dec. 16 /PRNewswire/ -- RMI.NET, Inc. (Nasdaq: RMII), a national
e-business and convergent communications company, and Vitria Technology, Inc.
(Nasdaq: VITR), a leading provider of eBusiness platform software, announced a
partnership agreement today that will enable RMI.NET to increase its
operational efficiency and better manage the integration of its recent
acquisitions.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO )
Through Vitria's BusinessWare eBusiness platform, RMI.NET will be able to
automate and better manage complex business processes, such as service
fulfillment, billing and customer care management. Vitria's solutions will
assist RMI.NET in its efforts to integrate the 15 companies it has acquired in
1999.
"Vitria BusinessWare will allow us to better manage our business
processes, using our existing IT infrastructure, which will result in better
service for our customers nationwide," said Douglas H. Hanson, chairman and
chief executive officer for RMI.NET. "As our company continues on its
aggressive growth strategy, we need to ensure that our back office systems and
customer service capabilities grow as well. Vitria provides us with the
solutions we need."
"RMI.NET believes strongly in the need to provide premier customer
service, and that is a goal that we share," said JoMei Chang, president and
chief operating officer for Vitria. "We are pleased that RMI.NET has selected
Vitria's BusinessWare as the platform for delivering superior customer care."
The partnership agreement also brings together two of the premier
technology companies in the nation. Both Vitria and RMI.NET were recognized
by the auditing firm of Deloitte & Touche as two of its "Technology Fast 500"
companies of 1999. Earlier this year, Vitria was named in the Top 10 of the
auditing firm's "Silicon Valley Technology Fast 50" and 21st in the national
Fast 500 ranking. RMI.NET was named in the Top 5 for the "Colorado Fast 50"
and 70th in the national ranking.
Recently, RMI.NET also reached a milestone when it surpassed the
107,000-customer mark with the acquisition of the Internet assets of Western
Regional Networks, Inc., a Colorado-based Internet service provider and
RMI.NET's 15th acquisition this year.
About RMI.NET
Denver-based RMI.NET, Inc., formerly Rocky Mountain Internet, is a
national commerce solutions provider focusing on e-commerce and convergent
communications. The company specializes in e-business applications; web
solutions, including design, hosting and marketing; and high-speed Internet
access, including digital subscriber line (DSL). RMI.NET has an annualized
revenue run rate of $47 million and more than 107,000 nationwide customers.
The company wholly owns a proprietary portal site and search engine,
Infohiway, at http://www.infohiway.com. For more information on RMI.NET, call
(800) 864-4327, or visit the company's web site at http://www.rmi.net.
About Vitria Technology
Vitria Technology, Inc. is a leading eBusiness platform provider.
Vitria's e-business platform, BusinessWare, automates mission-critical
business processes across the extended enterprise, reducing time to market,
shortening lead times, lowering operating costs, and increasing customer
satisfaction. Vitria is a publicly traded company based in Sunnyvale, Calif.
For more information, call (408) 212-2700, visit the company's web site at
http://www.vitria.com, or send email to info@vitria.com.
This press release might contain forward-looking statements. These
forward-looking statements are subject to risks and uncertainties. Actual
results may differ materially from such forward-looking statements as a result
of risks and uncertainties, which are described in the cautionary statements
section of the RMI.NET's 10K dated December 31, 1998, and may include other
risks described in all Securities and Exchange Commission filings submitted as
of this date.
Vitria Technology Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: The statements contained in this release that
are not historical facts may be deemed to contain forward-looking statements.
Such statements are indicated by words or phrases such as "anticipate,"
"estimate," "projects," "believes," "intends," "expects" and similar words and
phrases. Actual results may differ materially from those expressed or implied
in any forward-looking statement as a result of certain risks and
uncertainties, including, without limitation, the company's dependence on
strategic third parties to market and resell its services, intense competition
for the company's service offerings, dependence on growth in demand for
DSL-based services, ability to raise additional capital and other risks and
uncertainties detailed in the company's Securities and Exchange Commission
filings. Prospective investors are cautioned not to place undue reliance on
such forward-looking statements. The Company disclaims any obligation to
update any of the forward-looking statements contained herein to reflect
future events or developments. BusinessWare(R) is a registered trademark of
Vitria Technology, Inc.
SOURCE RMI.NET, Inc.
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Related links:
http://www.rmi.net
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO
PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT:
Mark Stutz, Manager, Media Relations,
303-313-0672, mark.stutz@corp.rmi.net, or Steven P. Eschbach,
CFA, Vice President, Investor Relations, 303-308-2272,
steve.eschbach@corp.rmi.net, both of RMI.NET; or Alex Osadzinski,
Vice President, Marketing of Vitria Technology, 408-212-2260,
alexo@vitria.com; or Teddi Herman of Access Communications,
415-904-7070, therman@accesspr.com
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