Bitcoin Depot (NASDAQ:BTM)
Historical Stock Chart
From Jan 2020 to Jan 2025
Vitria Speeds Time to Market of Brasil Telecom's Broadband
Products and Services
Leading Latin American Telecommunications Service Provider Cuts Delivery Cycle
by 90 Percent
SUNNYVALE, Calif., Aug. 9 /PRNewswire-FirstCall/ -- Vitria (NASDAQ:VITR), a
leading provider of business process integration solutions, today announced
that Vitria:BusinessWare(TM) was selected by Brasil Telecom S.A. (NYSE: BTM;
BOV: BRTO3/BRTO4) as its business process management solution to enable
cooperation and communication between its selected best-of-breed software
packages and internally developed applications, helping the operator cut its
delivery cycle by 90 percent. By integrating and routing data from its business
systems through Vitria:BusinessWare, Brasil Telecom has successfully lowered
its delivery cycle from 20-30 days to just two days. Faster time to market of
new telecommunications products will enable Brasil Telecom to maintain a
competitive edge in the markets in which it operates.
In order to lower IT costs and allow for faster development of new products,
Brasil Telecom's IT strategy is to use best-of-breed software packages in
tandem with internally developed software applications. Business systems within
Brasil Telecom include customer relationship management (CRM), enterprise
resource planning (ERP), human resources, billing, inventory and provisioning
in addition to mainframe legacy applications. Vitria provides the platform for
business process integration through which these disparate systems communicate
and work together.
"This project is one of the most comprehensive and technically advanced
enterprise application integration oriented projects in Brazil," said Waldeck
Araujo Junior, chief information officer, Brasil Telecom S.A. "In addition to
our confidence in the seamless integration provided by Vitria:BusinessWare, we
were impressed by Vitria's depth of experience in the telecom industry and
their existing local presence in Brazil."
The implementation of Vitria:BusinessWare has lowered Brasil Telecom's software
maintenance costs by up to 30 percent. In addition, data consistency among
applications and enhanced visibility provide for improved documentation and a
better understanding of business processes. Information Technology
decision-makers have more control of data replication and network bandwidth is
used much more efficiently, with 50 percent less data being transferred between
systems.
"With blurring industry boundaries, telecommunications companies face
continually increasing competition and a constant race to get new products and
services to market," said Dale Skeen, co-founder and CEO, Vitria. "By
dramatically reducing process implementation cycles, Vitria:BusinessWare
enables Brasil Telecom to reach the market with new products much faster,
advancing their competitive edge while still controlling costs and meeting
service levels."
Brasil Telecom provides local and national long distance services as a
concessionary in region II, which includes the Brazilian states of Acre,
Rondonia, Mato Grosso, Mato Grosso do Sul, Tocantins, Goias, Santa Catarina,
Parana, and Rio Grande do Sul, as well as the Federal District. The company has
also authorization to provide those services in the remaining Brazilian regions
(regions I and III), as well as international long distance services all over
the country.
Brasil Telecom also provides network, data communication and other value-added
services in region II. The company has just received authorization to start its
mobile operation in the states of region II and in August will offer its
clients complete and convergent solutions.
About Brasil Telecom S.A.
Brasil Telecom S.A. has 10.7 million lines installed and 296,000 public phones.
Today, Brasil Telecom is the second largest broadband operator in Latin
America. For more information, visit http://www.brasiltelecom.com.br/.
About Vitria:BusinessWare
Vitria:BusinessWare(TM) 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., a leading provider of award-winning business process
integration products and solutions, combines technology leadership with
industry expertise in healthcare and insurance, financial services,
telecommunications and manufacturing to dramatically improve strategic business
processes across systems, people and trading partners. With 23 offices around
the world, Vitria's customer base includes blue chip companies such as AT&T,
Bell Canada, Bell South, The Blue Cross Blue Shield Association, BP, BT,
DaimlerChrysler Bank, Generali, Nissan, The Goodyear Tire & Rubber Company,
PacifiCare Health Systems, Reynolds & Reynolds, Royal Bank of Canada, Schneider
Logistics, Sprint, Trane, and the U.S. Departments of Defense and Veterans
Affairs. For more information call +1-408-212-2700, email or visit
http://www.vitria.com/.
NOTE: 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.
DATASOURCE: Vitria Technology, Inc.
CONTACT: Fred Bateman of The Bateman Group, +1-415-503-1818, or
, for Vitria Technology, Inc.
Web site: http://www.brasiltelecom.com.br/
Web site: http://www.vitria.com/