19.01.2005 18:36:00
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AuthentiDate International AG Announces Agreement with Circle Software
Business Editors/High-Tech Writers
SCHENECTADY, N.Y.--(BUSINESS WIRE)--Jan. 19, 2005--AuthentiDate International AG, a subsidiary of AuthentiDate Holding Corp. (NASDAQ: ADAT), announced today that it has signed an agreement with Circle Software Group, one of Holland's leading document management software manufacturers. Under the agreement Circle Software integrated AuthentiDate's signature software into its document management software. Circle Software will make the software available to its clients.
The software will be capable of processing signed documents and automatically checking signatures. In addition, data stored in Circle Software's document management software can automatically be joined with time stamps that meet the requirements of the European Union (EU) Signature Directive and the German Signature Act.
While financial terms weren't disclosed, AuthentiDate will generate revenue through up front licensing fees and recurring maintenance fees, as well as one time fees from Circle Software clients who chose to activate the software. The agreement is the first agreement outside of Germany for AuthentiDate International AG.
About AuthentiDate Holding Corp.
AuthentiDate Holding Corp. (AHC) is the holding company of five business units; DocStar, AuthentiDate International AG, AuthentiDate, Inc., DJS Marketing Group/Computer Professionals International and Trac Medical Solutions, Inc. DocStar sells proprietary document imaging software that includes the AuthentiDate technology. AuthentiDate and AuthentiDate AG provide the authentication of digital data through its proprietary and patent pending technology. AuthentiDate intends to establish itself as the authority on "content security" as it is a growing sector of the electronic network security infrastructure market. DJS delivers professional services centered around technology systems integration projects, staff augmentation, out-tasking, outsourcing services and resells computer related products. Trac Medical offers an electronic form processing solution and utilizes the AuthentiDate technology to prove the authenticity of the content represented in completed healthcare forms.
About AuthentiDate International AG
AuthentiDate, Dusseldorf, develops and sells open-supplier business-process solutions that make a simple and quick integration of digital signatures and time stamps into existing corporate processes possible for the first time. These solutions, which can be used for almost any area such as billing, workflow, archiving, scanning and e-mail communication, for instance, reduce costs and optimize process sequences.
Well-known companies in different industrial sectors have trusted AuthentiDate signature solutions for years on a national and international basis to model legally binding, electronic business processes in accordance with the legal stipulations.
Professional signature solutions are available as products and web services in a modular system through AuthentiDate for the first time and can therefore be used independently or in combination with other solutions. A number of software providers have already integrated the signature products of AuthentiDate as a standard function today. Any company can therefore make use of the benefits of automatic signature processes today.
In addition, AuthentiDate offers certified trust center services in accordance with the German Signature Act and the EU Signature Directive through AuthentiDate International AG. AuthentiDate International AG was accredited by the Regulatory Agency for Telecommunications and Postal Affairs in November of 2001 and operates a trust center especially for time stamp services.
On an international basis, the AuthentiDate Group is also represented in the USA and is the sole supplier today of United States Postal Service Electronic Postmark (USPS EPM), a unique service for secure electronic communication in the USA. AuthentiDate Holding Corp, Inc. (New York) is listed on the Nasdaq (ADAT) and in German over-the-counter market (Security Identification Code 893715).
About Circle Software Group B.V.
Circle Software Group B.V. is an independent software house with offices in Eindhoven and Sittard (Southern part of The Netherlands). Circle Software develops and implements solutions in the field of "managing documents and information", more specific Document Management, Workflow Management and Content Management.
Circle Software derives its knowledge and experience largely from its customer base and from R&D in this field. Consistent interaction between Circle Software its customer base and the Document Management market in general resulted in an uninterrupted flow of state of the art software solutions. Solutions perfectly matching business processes of organisations and the way they do business.
This vision and experience of Circle Software culminates into software solutions which in effect focus on the needs of a business or institution. Corporate wide information is stored in a central corporate document store and will be returned according to a specific inherent context of an employee's environment. This is known as "one-to-one document management" because it is tuned to the needs of each individual worker.
Circle Software is one of the leading (electronic) document management companies in The Netherlands. Circle Software's position on the Dutch Government market is unrivalled. Over 150 governmental organisations, such as municipalities, ministries, provinces, universities and other educational organisations, trust the company as their strategic partner.
Circle Software's solutions are primarily offered on the basis of proprietary document management platforms i.e. Document Manager and Verseon(R). In addition, Circle software also offers broader solutions based on partner products. This is what they call the "best of breed" approach. Case handling, workflow and Content Management applications are seamlessly integrated with its proprietary document management software. These partner products, FLOWer case handling / workflow management (Pallas Athena) and WebManager content management (GX) comply with market standards and are "open" and accessible.
Circle Software employs 70 people, equally divided over research & development on one hand and marketing, sales and delivery on the other.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of The Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
--30--LC/na*
CONTACT: John A. Stiles & Associates, L.L.C. John A. Stiles, 314-994-0560
KEYWORD: NEW YORK GERMANY NETHERLANDS INTERNATIONAL EUROPE INDUSTRY KEYWORD: HARDWARE MEDICAL SOFTWARE MARKETING AGREEMENTS SOURCE: AuthentiDate
Copyright Business Wire 2005
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