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United Technologies Corporation Selects HandySoft's
Plumtree-Powered SOXA Accelerator(TM) for Sarbanes-Oxley Compliance
VIENNA, Va. and SAN FRANCISCO, June 14 /PRNewswire/ -- HandySoft Global
Corporation, a leading provider of business process management (BPM) solutions,
and Enterprise Web leader Plumtree Software (NASDAQ:PLUM) today announced that
United Technologies Corp. (UTC) (NYSE:UTX) selected HandySoft's
Plumtree-Powered SOXA Accelerator(TM) as its technology solution for
Sarbanes-Oxley reporting compliance. Built as an inaugural application in
Plumtree's Application Incubator program, the SOXA Accelerator combines BPM
from HandySoft with collaboration, content management, search, and
personalization from Plumtree. UTC, number 51 on the Fortune 500, is a $31
billion corporation that provides high technology products to the aerospace and
building industries worldwide. UTC is planning to roll out the SOXA Accelerator
globally across its seven business units to help ensure compliance with the
Sarbanes-Oxley Act.
UTC and its business units Pratt and Whitney, Hamilton Sundstrand, Sikorsky,
Otis, Carrier, UTC Power, and Chubb have all deployed the Plumtree Enterprise
Web Suite to serve customers, suppliers, partners, and employees. "Since so
many of our employees and business units are already familiar with our
Enterprise Web environment, adding a comprehensive workflow and process
application for our compliance requirements was a natural choice," said Chris
Leigh, IT security manager at UTC.
"As a multinational company with more than 200,000 employees around the world,
UTC understands that Sarbanes-Oxley is all about process management, tracking
and enforcement -- not as a one-time event, but on an ongoing basis. That's
exactly what the SOXA Accelerator will empower UTC to do," said Daryn Walters,
vice president of global marketing and strategy for HandySoft. "UTC represents
an important implementation for us. It shows that our solution is fully
scalable, meeting needs of companies with one office and 10 people to
conglomerates with thousands of users over many divisions."
"UTC had already invested in the collaboration, search and publishing features
of the Plumtree Enterprise Web Suite," said Jay Simons, director of
applications at Plumtree. "Now in tandem with HandySoft's business process
management engine, those familiar capabilities have come together in a
service-oriented application for Sarbanes-Oxley compliance. Reusing and adding
components in this way provides for a lot of flexibility in creating new
applications and low total cost of ownership."
The Sarbanes-Oxley Accelerator is offered as a stand-alone solution or as an
add-on to existing HandySoft or Plumtree products. The public can learn more
about the offering at http://www.handysoft.com/.
About SOXA Accelerator
The SOXA Accelerator enables companies to leverage existing financial, ERP, and
other legacy systems to minimize the cost of compliance. It also provides the
project and task management capabilities for defining significant accounts,
processes, risks, and internal controls that conform to the standards outlined
in the Sarbanes-Oxley Act.
The SOXA Accelerator, built with Plumtree, provides the capabilities public
companies need to establish the internal controls and reporting procedures that
Sarbanes-Oxley requires, such as:
-- Providing project and task management for defining significant
accounts, processes, risks, and internal controls that conform to
standards such as the COSO framework;
-- Enabling the extended accounting, audit and compliance teams to have a
personalized view of the compliance process and their assigned tasks;
-- Automating the gathering and centralization of documentation and
evidence needed for compliance;
-- Allowing secure collaboration between internal finance groups and
external accounting agencies on documentation and processes;
-- Generating workflows for automating issue management and document sign-
off;
-- Helping identify issues and improvement opportunities in auditing and
internal control processes;
-- Ensuring the integrity of records with audit trails, document
management, version control, and security measures; and
-- Providing real-time reports and continuous monitoring that deliver
insights into the status and performance of controls.
About United Technologies Corp.
United Technologies Corp., based in Hartford, Conn., is a diversified company
providing a broad range of high technology products and services to the
building systems and aerospace industries worldwide through its seven
companies: Otis Elevator, Carrier, Chubb, UTC Power, Pratt & Whitney, Hamilton
Sundstrand, and Sikorsky Aircraft.
About Plumtree Software
Plumtree Software is the Enterprise Web leader. Plumtree's mission is to create
a comprehensive Web environment for employees, customers and partners across
the enterprise to interact with different systems and work together. Plumtree's
Enterprise Web solution consists of integration products for bringing resources
from traditional systems together on the Web, shared services such as
collaboration, content management and search for building new Web applications,
and a portal platform for delivering these Web applications to broad audiences.
Plumtree's independence and its Web Services Architecture allow this solution
to span rival platforms and systems, helping maximize customers' return on
their existing technology investments. With offices in more than a dozen
countries, Plumtree has licensed over 600 customers, including Boeing, Ford
Motor Company, Procter & Gamble, and the U.S. Navy. For more information, visit
Plumtree on the Web at http://www.plumtree.com/.
About HandySoft Global Corporation
HandySoft Global Corporation is the premier provider of configurable software
solutions that simplify and automate business processes; capture and enforce
best practices; improve productivity and quality while reducing costs;
integrate information technology; and foster collaboration among employees,
customers, and partners.
The foundation for HandySoft's industry and departmental solutions is
BizFlow(R), the award-winning platform for business process management,
automated workflow, and collaboration. BizFlow offers complete capabilities for
building and managing automated business processes, including tools for
designing and monitoring the processes, presenting and accessing work,
integrating existing IT systems, and administering the platform itself. As a
global solutions provider, HandySoft Global is headquartered in Vienna, VA,
with offices in Australia, Japan, London, and Korea with strategic partner
representation throughout the world. HandySoft has implemented process
management solutions at hundreds of sites worldwide. For more information call
+1-703-442-5600, email or visit http://www.handysoft.com/
HandySoft, the HandySoft logo, BizFlow, and BizFlow Accelerator Suites are
trademarks of HandySoft Global Corporation. All other trademarks are the
property of their respective owners.
Plumtree is a registered trademark of Plumtree Software, Inc. and/or its
subsidiaries in the US and/or other countries. All other registered and
unregistered trademarks in this document are the sole property of their
respective owners.
Contact Information:
Dennis O'Connor
Peter Arnold Associates (for HandySoft)
781-239-1030; cell: (781) 883-5109
Sarah Hedges
HandySoft Global Corporation
703-442-5600
Carilu Dietrich
Plumtree Software
415-399-7047
DATASOURCE: HandySoft Global Corporation
CONTACT: Dennis O'Connor of Peter Arnold Associates (for HandySoft), +1-
781-239-1030; cell: +1-781-883-5109, ; or Sarah Hedges of
HandySoft Global Corporation, +1-703-442-5600, ; or
Carilu Dietrich of Plumtree Software, +1-415-399-7047,
Web site: http://www.handysoft.com/