robdel
15 years ago
Unify Completes Acquisition of AXS-One
4:02p ET June 30, 2009 (Business Wire)
Unify Corp. (NASDAQ:UNFY), a global provider of application development, data management and migration solutions, today announced the completion of its acquisition of AXS-One, a leading provider of integrated content archiving software solutions.
The all-stock transaction, which stockholders of both Unify and AXS-One approved earlier today, is valued at approximately $10 million. AXS-One will become a wholly-owned subsidiary of Unify and is expected to create a more competitive, cost efficient company with a larger customer base, increased maintenance revenues and significant growth potential.
Under the terms of the merger agreement, all AXS-One outstanding common stock, options and warrants to purchase AXS-One common stock were converted into 1 million shares of Unify common stock; and the convertible notes of AXS-One in the aggregate principal amount of approximately $13.1 million were exchanged for approximately 2.1 million shares of Unify common stock.
About Unify
Unify (NASDAQ:UNFY) is a global provider of application development, data management, migration and content archiving solutions. Unify's software and services modernize and maximize the development, deployment and performance of business-critical applications and data, while providing a measurable return on investment. AXS-One's award-winning technology has been critically acclaimed as best of class and delivers digital archiving, business process management, electronic document delivery and integrated records disposition and discovery for e-mail, instant messaging, images, SAP and other corporate records. Unify is headquartered in Roseville, Calif., with offices in Rutherford, NJ., London, Munich, Calgary, Paris, and Sydney. Visit www.unify.com or email info@unify.com.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. We wish to caution you that these statements involve risks and uncertainties and actual events or results may differ materially. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are general market conditions, unfavorable economic conditions, our ability to execute our business strategy, the effectiveness of our sales team and approach, our ability to target, analyze and forecast the revenue to be derived from a client and the costs associated with providing services to that client, the date during the course of a fiscal year that a new client is acquired, the length of the integration cycle for new clients and the timing of revenues and costs associated therewith, our client concentration given that the Company is currently dependent on a few large client relationships, potential competition in the marketplace, the ability to retain and attract employees, market acceptance of our service programs and pricing options, our ability to maintain our existing technology platform and to deploy new technology, our ability to sign new clients and control expenses, the possibility of the discontinuation of some client relationships, the financial condition of our clients' business and other factors detailed in the Company's filings with the Securities and Exchange Commission, including our recent filings on Forms 10-K and 10-Q.
Unify and AXS-One are trademarks of Unify Corp. All other company and product names are trademarks or registered trademarks of their respective companies.
SOURCE: Unify Corp.
Unify Corp. Deb Thornton, 916-218-4779 deb@unify.com or MKR Group, Inc. Todd Kehrli, 323-468-2300 (Investors) unfy@mkr-group.com or AXS-One Marie-Charlotte Patterson, 201-372-6243 mpatterson@axsone.com
robdel
16 years ago
Unify Grows Momentum in Latin America
6:30a ET April 7, 2009 (Business Wire)
Unify Corp. (NASDAQ:UNFY), a global provider of application development, database and migration products, today announced it met with more than 200 customers during recent customer road shows in Mexico, Peru, Argentina and Brazil. The customer events demonstrate Unify's growing momentum in Latin America as the company works with partners to penetrate the region with easy to use, cost effective software technology.
In conjunction with its major partners, Unify hosted four developer conferences to showcase Unify's expanding software portfolio including SQLBase 11.5, NXJ 12, Composer for Oracle Forms and Lotus Notes, as well as sneak peeks of upcoming releases of Team Developer 5.2, Report Builder 5.2 and Q. These conferences are designed to bring together Unify's Latin American customers, partners and distributors for product updates and training, technical exploration and collaboration.
Each of the four conferences were sponsored by Unify's key partner in the region:
-- ACSISA: Mexico City, Mexico held March 10
-- BSI: Lima, Peru held March 12
-- SAM Sistemas: Buenos Aires, Argentina held March 17
-- Triad Systems: Sao Paolo, Brazil held March 19
As part of Unify's expanding channel strategy, a reseller distribution agreement was signed with Ethos Software, an ISV located in Colombia. Ethos develops financial solutions utilizing Unify's Team Developer. Currently, Ethos has 140 modules and 2,000 licenses sold throughout Latin America to clients that include: Fincomercio, Comfamiliar, Cooperativa AVP, Banco de Credito and Yamaha.
To support the growing activity and customer base in Brazil, Unify will be opening a new office with its partner Triad Systems. Triad has been a reseller of Unify products since 2007 and opened an NXJ training center in 2008, the first development center of its kind in Latin America. Triad is a solutions integrator with expertise in telecommunications, financial industry, manufacturing and services. Together Unify and Triad will focus on application development and migration opportunities using Unify's NXJ and Composer migration solutions.
According to a recent industry analyst report(1), Brazil is undergoing an industrial expansion with nearly $114 billion in IT spending expected by 2012, while the country's gross domestic product (GDP) is expected to reach $1.2 trillion.
"There is considerable revenue potential in Latin America's emerging markets," said Frank Verardi, vice president of sales for Americas, APAC and Russia. "In these regions where personal connections are crucial to a company's success, we are poised to meet changing business needs, by working through experienced, local partners to further penetrate the Latin America market with our easy to use, cost effective software."
For more information on Unify's Latin American resellers, please visit www.unify.com.
About Unify
Unify is a global provider of application development, database and migration solutions that enable organizations to deliver modern, data-rich and cost effective applications. The company's software and services modernize and maximize the development, deployment and performance of business-critical applications and data, while providing significant and measurable return on investment for customers. Through Unify's market leading technologies, organizations deliver applications that improve efficiencies, increase competitive advantage and reduce costs. Unify is headquartered in Roseville, Calif., with offices in London, Munich, Calgary, Paris, and Sydney. Visit www.unify.com or email info@unify.com.
SOURCE: Unify Corp.
For more information: Company: Unify Corporation Deb Thornton, 916-218-4779 deb@unify.com or Investors: MKR Group, Inc. Todd Kehrli, 323-468-2300 unfy@mkr-group.com
J U ICE
18 years ago
Unify Closes Acquisition of GUPTA and Sale of Insurance Division
Unify to Double in Size; Acquisition to Be Accretive
SACRAMENTO, Calif.--(BUSINESS WIRE)--Unify Corp. (OTCBB:UNFY), a global provider of development and database software, today announced it has closed the acquisition of Gupta Technologies, LLC (“GUPTA”) from Halo Technology Holdings, Inc. (OTCBB:HALO). In closing the GUPTA acquisition, Unify paid $6.1 million in cash and transferred its Insurance Risk Management Division and ViaMode intellectual property to Halo. In order to finance this acquisition, the Company closed $7.85 million in financing from ComVest Capital LLC, with term debt of $5.35 million and a line of credit of $2.5 million. The final terms of the acquisition agreement were amended to eliminate Unify’s issuance of five million common shares and a warrant for 750,000 common shares to Halo in exchange for increasing the cash consideration paid by Unify to $6.1 million from $5.0 million. Unify expects the combined effect of this transaction to be accretive to pro forma earnings going forward and to double Unify’s annual revenues.
“We have reached an important milestone today as the combination of Unify and GUPTA will create a dynamic, re-energized organization with a strengthened partner channel, broader distribution network, expanded global customer base and talented employee pool,” said Todd Wille, CEO of Unify. “We are on a fast track to begin rapidly executing on our cross-selling strategies and new product development initiatives to expand our service-oriented architecture (SOA) and database offerings. In addition, we look forward to benefiting from a single strategic and operational focus on the software tools and embedded database markets. I am pleased to partner with ComVest and confident in our plans to create profitability and increase shareholder value with our new size, focus and strength.”
Unify and GUPTA provide cross platform enterprise software development and embedded database products to VARs, OEMs, ISVs, global distributors and IT organizations in more than 50 countries. With the acquisition of GUPTA, Unify becomes a company that is more than double in size with added technology resources, an established partner channel and a strong developer community who will rely on Unify to continue delivering productive and reliable technologies while providing a path to next generation, web and SOA-based solutions.
“GUPTA and Unify have built their businesses by listening to customers, developing strong partner and distributor channels, and delivering productive, reliable technologies,” said Mark Bygraves, managing director and vice president for GUPTA’s EMEA and Asia Pacific regions. “Combining our organizations enables us to build on these foundations and I am truly excited by the new opportunities available to our network of channel partners and customers.”
“We are excited to merge with a software tools and database organization that, like us, is customer-driven, technology focused and profitable,” said Patty Watkins, vice president of Americas Sales for GUPTA. “In addition to our current products, we will expand our offerings with solutions for developing rich Internet applications that leverage Web services and SOA, for migrating Lotus Notes applications, and for ‘embed it and forget it,’ no DBA required databases.”
Conference Call
Unify will hold a conference call to discuss the acquisition and fiscal 2007 second quarter financial results on Thursday, Nov. 30, 2006 at 1:30 Pacific Time. Listeners may dial 888-371-9318 and enter conference ID #8149145. A replay of the conference call will be available until Dec. 14, 2006 by dialing 877-519-4471 and entering the passcode #8149145. The conference call will also be Webcast. Visitors can login at www.unify.com.
About Unify Corporation
Unify’s software development and database solutions deliver a broad set of capabilities for automating business processes, integrating information and delivering collaborative information. Through its industry expertise and market leading technologies, Unify helps organizations drive business optimization, apply governance and increase customer service. Unify is headquartered in Sacramento, Calif., with offices in London and Paris, and a worldwide network of global distributors. Contact Unify at 916-928-6400 or visit www.unify.com.
Legal Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934 as amended. Forward looking statements are denoted by words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, and other variations of such words and similar expressions are intended to identify such forward-looking statements. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the Company’s forward looking statements. Such risks and uncertainties include, but are not limited to general economic conditions in the insurance industry, computer and software industries, domestically and worldwide, the Company's ability to keep up with technological innovations in relation to its competitors, product defects or delays, developments in the Company's relationships with its customers, distributors and suppliers, changes in pricing policies of the Company or its competitors, the Company's ability to attract and retain employees in key positions and the risks and uncertainties associated the acquisition and sale of a significant business unit such as integration of systems, combination of sales forces and business culture issues. In addition, Unify's forward looking statements should be considered in the context of other risks and uncertainties discussed in the Company’s SEC filings available for viewing on its web site at "Investor Relations," "SEC filings" or from the SEC at www.sec.gov.
Golden Cross
19 years ago
UNFY/WARP HALO Technology Holdings to Acquire Unify Corp. for Approximately $21 Million
Business Wire - March 14, 2006 7:30 AM (EDT)
GREENWICH, Conn. & SACRAMENTO, Calif., Mar 14, 2006 (BUSINESS WIRE) -- HALO Technology Holdings (OTCBB: WARP), a holding company for established enterprise software companies, and Unify Corp. (OTCBB: UNFY) today announced the companies have entered into a definitive agreement under which HALO will acquire Unify in an all stock transaction for approximately $21 million, or $0.71 per Unify share, based on the ten-day weighted average price of HALO common stock of $1.62 ended March 10, 2006. Under the terms of the merger agreement, Unify stockholders will receive 0.437 shares of HALO common stock for every share of Unify common stock. The merger, which is subject to approval by shareholders of Unify and to a number of other closing conditions, is expected to close in the summer of 2006.
As a holding company, HALO's strategy is to acquire and operate enterprise software companies with an established client base that complement its existing businesses. HALO has been executing on its strategy since January 2005 and the acquisition of Unify marks its tenth acquisition in the last fourteen months.
HALO CEO Ron Bienvenu stated, "Unify presents a unique strategic fit for us, as it will bring scale and leading technologies to several of our existing industry sectors. With its innovative products, established customer base, and talented management team, Unify is a natural continuation of HALO's acquisition strategy. By focusing on product quality and customer service, and by leveraging Unify's software and customer base across our portfolio companies, we expect to generate steady, profitable growth from these assets over the long term."
Unify provides business automation solutions, including market leading applications for the alternative risk insurance market. Upon completion of the merger, Unify will become a wholly-owned subsidiary of HALO. The Unify Business Solutions division will work closely with HALO's Gupta subsidiary, a leading producer of embeddable databases and enterprise application development tools, who together will have more than 7,000 worldwide customers and a broad offering of Java, J2EE and relational database products. Unify's Insurance Risk Management Division will work closely with HALO's David Corp. subsidiary, a leading claims software provider with a large customer base in the alternative risk market.
"Unify's products are a perfect complement to HALO's growing suite of enterprise software solutions," said Todd Wille, CEO of Unify. "We are excited to become part of the HALO team which gives us access to greater resources, a larger installed base of customers and significant product synergies with several of the HALO portfolio companies in addition to eliminating the substantial costs of operating as a stand-alone public company. HALO brings a proven acquisition platform which is completely aligned with our strategy and we look forward to growing Unify revenues and profits as a part of the HALO family of companies."
Mr. Bienvenu, concluded, "The Unify acquisition furthers our strategy of building one of the most comprehensive suites of enterprise software in the industry. Upon the completion of the Unify acquisition, and other pending transactions, we estimate HALO's pro forma, non-GAAP revenue run-rate to exceed $60 million, and through a combination of organic growth and additional acquisitions, we will be on track to achieving our stated pro forma, non-GAAP revenue run-rate target of approximately $100 million by the end of calendar 2006."
The transaction is currently expected to be accretive to HALO earnings in the first twelve months after closing on a non-GAAP basis. HALO's target of accretive to earnings on a non-GAAP basis, and HALO's revenue run-rate targets, assume no adverse impact from the loss of deferred revenue in the first twelve months following the close due to purchase accounting rules.
Golden Cross
19 years ago
Unify Unveils NavRisk Policy Administration Portal
Friday February 3, 8:10 am ET
Insurers Gain Competitive Advantage, Increased Customer Satisfaction and Lowered Operational Costs
SACRAMENTO, Calif.--(BUSINESS WIRE)--Feb. 3, 2006--Unify Corp. (OTCBB:UNFY - News), a leading provider of business automation solutions, today announced the availability of the NavRisk Policy Administration Portal, a web-based, secure environment that extends NavRisk policy and underwriting information to an insurers' prospects, customers and agents. The Portal provides a single integrated view of exposure, coverage and policy information, automates and shortens the annual renewal process, and improves day-to-day policy administration work load.
ADVERTISEMENT
NavRisk Portal is designed for alternative risk insurance organizations, including risk pools, captives and other self-insured groups, as well as their members and agents. As a self-service solution, NavRisk allows the insurer to significantly reduce or eliminate labor-intensive, paperbound tasks, while agents and policy holders can request changes to exposure information and schedules, request and access certificates and endorsements, and request quotes, as well as retrieve and analyze loss control information. Members, agents and brokers can complete policy renewal applications online, make periodic coverage updates, generate reports, and access real-time policy information through the Portal's comprehensive, easy-to-use interface.
"Providing our members with 24 hour web-based access to information will enable us to deliver an increased level of customer service to our members," said Jim Towns, CEO of the Special District Risk Management Authority. "The NavRisk Portal will allow SDRMA and our members to become dramatically more efficient and increase our efforts and resources on programs that minimize risk and reduce costs."
"For our customers, making the decision to migrate from Excel spreadsheets to a single system to manage their policy administration and underwriting has enabled them to become more efficient, dynamic and responsive," said Dave Glende, vice president of Insurance Risk Management Products and CTO for Unify. "Now with the advanced automation provided in NavRisk Portal, our customers are seeing how their business can be taken to whole new levels of service, efficiency, and competitiveness."
NavRisk Portal is built on industry standard platforms including Microsoft .Net and Java as well as Unify's award-wining business process management (BPM) technology. NavRisk BPM enables insuring organizations to drive continuous business process improvement and ensure a closed-looped process. Using the automated monitoring and measurement capabilities of NavRisk BPM, these organizations gain visibility into key business processes, providing management with the business intelligence required to more efficiently run the business while increasing customer satisfaction.
Golden Cross
19 years ago
City County Insurances Services of Oregon (CIS) Signs New License Agreement and Selects NavRisk Policy Administration Portal
Monday February 6, 8:10 am ET
SACRAMENTO, Calif.--(BUSINESS WIRE)--Feb. 6, 2006--Unify Corp. (OTCBB:UNFY - News), a leading provider of business automation solutions, today announced it has signed a new license agreement with City County Insurances Services (CIS) of Oregon. Under the agreement, CIS has upgraded to the new release of NavRisk, extending their software license for another three-year term, and will implement the newly-released NavRisk Policy Administration Portal, which will provide its membership with web-based, self-service access to policy and underwriting information.
ADVERTISEMENT
CIS is the primary provider of insurance coverage and services to more than 95 percent of Oregon's cities, 73 percent of its counties and 100 local government related agencies. They use NavRisk to automate processes, increase operational efficiencies and ensure data integrity in their policy administration and underwriting services. Extending its use of NavRisk allows CIS to efficiently track and manage all member, contact, policy, coverage and exposure information and issue policy documents, certificates, endorsements and all levels of invoices.
As an organization focused on delivering the highest level of services available, CIS has also selected the NavRisk Portal, which will be implemented in spring 2006. With the Portal, CIS plans to extend the information contained within NavRisk to its members and their local agents, which will help reduce the many labor-intensive, paperbound processes and interactions common to the underwriting process today.
"NavRisk is a core solution for our underwriting team," said Bob Kahl, underwriting manager for CIS. "By consolidating and tracking our member, contact, policy, coverage and exposure information with NavRisk, we are able to deliver superior level of service and support, which has in turn led to loyalty and long-standing partnerships with our members."
"NavRisk enables increased efficiencies, effective decision making and reduced operations costs which are core to the risk pool's business," said Dan Romine, vice president and general manager, Unify Insurance Risk Management Division. "With NavRisk, CIS is able to deliver the real-time information, reports and analytics they need to make faster decisions and provide their members with the best programs, pricing and services available."
martinwitton
20 years ago
SACRAMENTO, Calif.--(BUSINESS WIRE)--Jan. 11, 2005--
Unify Corp.'s (OTCBB:UNFY) co-master distributor Unify Japan today
announced that Muratec Sales, Ltd., the subsidiary of world class
machine manufacturer Murata Machinery, Ltd., has created and deployed
a customer relationship management system built on Unify NXJ and
Oracle technologies. Muratec is the first joint customer of Unify
Japan and Oracle Japan to go into production and is the result of a
strong partnership and joint marketing activities initiated by the two
companies earlier this year.
The customer relationship management system built by Muratec
included a master entry management system (previously built in Visual
Basic) and a search system built with Java servlets. Muratec sought to
rewrite the application in Unify NXJ and Oracle to reduce the
maintenance required for the system and to allow an easy and fast way
to make future modifications to the applications as necessary. Muratec
selected the joint NXJ and Oracle solution because it is J2EE-based
and the rapid development functionality enabled them to build the
system in less than one month, using Unify NXJ, Oracle 10g application
server and the Oracle database.
"Muratec selected the combination of Oracle and Unify advanced
technology because of the ease and speed at which it could achieve
building sophisticated and robust Web applications," said Mr. Motoaki
Nishiwaki, director of system product marketing, Oracle Japan. "Unify
NXJ dramatically improves the productivity of delivering applications
in J2EE running on Oracle."
"Unify NXJ alleviated our strong concern for how to build an easy
to maintain web-based application that would give us high ROI. Unify
NXJ allows our non-Java developers to modify and maintain this
application easily. Also, we appreciate the high-quality user
interface implemented with Unify NXJ technology," said Mr. Kenji
Hamazaki, manager, sales division, Muratec Sales, Ltd.
"Our collaboration with Oracle Japan allows us to bring to market
a highly competitive J2EE offering that enables developers to double
their productivity when compared to more traditional development
products," said Mr. Manabu Hori, of Unify Japan. "The Muratec solution
is a hallmark to this successful combination and we look forward to
continued co-marketing initiatives with Oracle Japan to help drive
market acceptance for the NXJ Oracle solution."
About Unify
Unify provides software solutions that organizations use to
automate business processes and deliver actionable information in
highly collaborative applications. Unify's 2,000 customers and 300 ISV
partners worldwide include ASI, Cast & Crew Entertainment, Inc.,
Creative Health, Credit Lyonnais, Citigroup Inc., Documentum, Fox
Racing, GE Healthcare, GlaxoSmithKline, Heineken, PCN, Pinnacol
Assurance, Pioneer Natural Resources, Pioneer Electronics, Savings
Bank of the Russian Federation and TravelCenters of America. Founded
in 1980, Unify is headquartered in Sacramento, Calif. with offices in
Europe and worldwide network of global distributor partners. Visit
Unify at www.unify.com and Unify Japan at www.unify-jp.com.
CONTACT: Unify Corporation
Deb Thornton, 916-928-6379
deb@unify.com
SOURCE: Unify Corporation
martinwitton
20 years ago
Unify Reports Second Quarter Fiscal 2005 Results
Tuesday , November 23, 2004 16:15 ET
SACRAMENTO, Calif., Nov 23, 2004 (BUSINESS WIRE) --Unify Corp. (OTCBB:UNFY) today announced financial results for its second quarter of fiscal 2005 ended Oct. 31, 2004.
Total revenues in the second quarter were $2.8 million, flat compared to $2.8 million in the second quarter of fiscal 2004. Software licenses revenue was $1.3 million, a seven percent decrease, compared to $1.4 million for the same quarter last fiscal year. Services revenue increased eight percent to $1.5 million, compared to $1.4 million in the comparable 2004 quarter. Net loss was $634,000, or $0.02 loss per basic share, compared to net income of $61,000, or $0.00 earnings per share in the second quarter of fiscal 2004.
For the first six months, total revenues were $5.5 million, a nine percent decrease, compared to total revenues of $6.1 million for the comparable period last year. Year to date net loss is $1.1 million, or $0.04 loss per share, compared to a net loss of $83,000, or $0.00 loss per share in six months ended last year.
Unify ended the first quarter with total cash and cash equivalents of $5.0 million and stockholders' equity of $3.5 million.
"While our second quarter results were less than expected, we made firm progress on building a pipeline and generating visibility for Unify NXJ," said Todd Wille, president and CEO of Unify. "We continue to see enthusiastic acceptance of Unify NXJ when companies have an urgent 'need it yesterday' requirement for an application solution. A high point for the quarter was the launch of Unify NXJ 10.5, which garnered a number of positive reviews from the media, industry analysts and customers."
Quarterly Highlights
Highlights for the second quarter included:
-- The launch and general availability of Unify NXJ 10.5
-- Unify NXJ 10.5 earned Recommended status from the CRN Test
Center
-- Unify NXJ 10.5 received Good and Excellent ratings from the
eWeek Test Center
-- Network Computing magazine review of Unify NXJ 10.5 was
titled "Sweet Package for Biz Apps"
-- Cast & Crew selected Unify NXJ to automate production cost
services for major movie studios
-- Symphony Group won Best Use of Technology Award in regional
finals of UK National Business Award
Conference Call
Unify will hold its quarterly conference call today beginning at 2:00 p.m. Pacific Time. Interested listeners should dial 877-692-2592 prior to the start of the conference call. The call will also be webcast. Online listeners can visit www.unify.com/investors prior to the start of the call for login information. A replay of the call will be available until Nov. 30, 2004, by dialing 877-519-4471 and entering the passcode 5384291.
About Unify
Unify develops and markets Unify NXJ, an application solution for need-it-yesterday requirements, where business success is often defined as "how fast can you act and how fast do you react" with implemented applications. Unify's customers include ASI, Cast & Crew Entertainment, Inc., Credit Lyonnais, Citigroup Inc., Documentum, Fox Racing, GE Healthcare, GlaxoSmithKline, Heineken, PCN, Pinnacol Assurance, Pioneer Natural Resources, Pioneer Electronics, Savings Bank of the Russian Federation and TravelCenters of America. Founded in 1980, Unify is headquartered in Sacramento, Calif. with offices in the U.K., France and Australia, in addition to a worldwide network of distributors. Visit Unify at www.unify.com.
This press release contains "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934 as amended. Forward-looking statements are denoted by words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," and other variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by our forward-looking statements. Such risks and uncertainties include, but are not limited to, general economic conditions in the computer and software industries, domestically and worldwide, the Company's ability to keep up with technological innovations in relation to its competitors, product defects or delays, developments in the Company's relationships with its customers, distributors and suppliers, changes in pricing policies of the Company or its competitors and the Company's ability to attract and retain employees in key positions. In addition, Unify's forward-looking statements should be considered in the context of other risks and uncertainties discussed in our SEC filings available for viewing on its web site at "Investor Relations," "SEC filings" or from the SEC at www.sec.gov.
UNIFY CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
October 31, April 30,
2004 2004
Assets
Current assets:
Cash and cash equivalents $4,967 $6,606
Accounts receivable, net 2,514 2,848
Prepaid expense & other current assets 663 543
------ ------
Total current assets 8,144 9,997
Property and equipment, net 390 338
Other investments 214 214
Other assets 186 194
------ ------
Total assets $8,934 $10,743
====== =======
Liabilities and Stockholders' Equity
Current liabilities:
Line of credit $760 $-
Current portion of long term debt 217 146
Account payable 396 523
Other accrued liabilities 901 1,340
Accrued compensation and related expenses 769 812
Deferred revenue 2,339 3,360
------ ------
Total current liabilities 5,382 6,181
Other long term liabilities 76 70
Commitments and contingencies
Stockholders' equity:
Common stock 28 27
Additional paid in capital 63,249 63,205
Accumulated other comprehensive loss 64 18
Accumulated deficit (59,865) (58,758)
------ ------
Total stockholders' equity 3,476 4,492
------ ------
Total liabilities and stockholders'
equity $8,934 $10,743
====== ======
UNIFY CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended Six Months Ended
October 31, October 31,
2004 2003 2004 2003
---- ---- ---- ----
Revenues:
Software Licenses $1,301 $1,406 $2,465 $3,242
Services 1,509 1,398 3,078 2,863
------ ------ ------ ------
Total revenues 2,810 2,804 5,543 6,105
------ ------ ------ ------
Cost of Revenues:
Software licenses 85 101 168 187
Services 362 328 726 648
------ ------ ------ ------
Total cost of revenues 447 429 894 835
------ ------ ------ ------
Gross profit 2,363 2,375 4,649 5,270
Operating Expenses:
Product development 743 672 1,432 1,679
Selling, general and
administrative 2,261 1,633 4,322 3,486
Write-down of other investments - - - 175
------ ------ ------ ------
Total operating expenses 3,004 2,305 5,754 5,340
------ ------ ------ ------
Income (loss) from operations (641) 70 (1,105) (70)
Other income (expense), net 17 (1) 1 (3)
------ ------ ------ ------
Income (loss) before income
taxes (624) 69 (1,104) (73)
Provision for income taxes 10 8 4 10
------ ------ ------ ------
Net income (loss) $(634) $61 $(1,108) $(83)
====== ====== ====== ======
Net income (loss) per share:
Basic $(0.02) $0.00 $(0.04) $(0.00)
Dilutive $(0.02) $0.00 $(0.04) $(0.00)
Shares used in computing net
income (loss) per share:
Basic 27,629 21,474 27,564 21,408
Dilutive 27,629 22,594 27,564 21,408
SOURCE: Unify Corp.
Unify Corp.
Deb Thornton, 916-928-6379
deb@unify.com
Copyright (C) 2004 Business Wire. All rights reserved.
martinwitton
20 years ago
Newz.................
Unify Corporation has added a news release to its Investor Relations website.
Title: Unify Customer Symphony Group Wins Best Use of Technology Award in Regional Finals of UK National Business Awards
Date: 9/21/2004 8:10:00 AM
For a complete listing of our News Releases, please click here
SACRAMENTO, Calif.--(BUSINESS WIRE)--Sept. 21, 2004--Unify
Corporation (OTC BB:UNFY) today announced that Symphony Group, an
established customer of Unify in the UK, has won the "Best Use of
Technology" Award in the North East regional finals of the National
Business Awards.
Symphony Group, the largest privately owned furniture provider in
the UK, won the award for its innovative Extranet, which was developed
using Unify VISION Internet Integrator. Designed as part of a business
strategy to make it easier for customers to do business with Symphony,
the Extranet enables retailers, house builders and housing authorities
to track and review quotations, drawings and orders throughout the
business process.
Acknowledged by The Chancellor of the Exchequer as the UK's
"Business Oscars," The National Business Awards have been established
to reward and recognize the importance of national and regional
business excellence to the success of UK.
The judges appoint the Best Use of Technology Award to the
organization that can best demonstrate that it has effectively used
business technology to create a significant and exploitable
competitive or operational advantage in any business area including
revenue, improved quality and/or customer convenience. Evidence is
required of a well thought-through and executed strategy, addressing
not only the deployment of the technology, but also its effective
uptake by employees and stakeholders.
Symphony's IT Manager Ruth Rew said that the Extranet helped
customers by delivering real-time information relevant to all areas of
a particular order or service, freeing up time that would previously
have been occupied with telephone inquiries.
"We are the first company in the industry to provide a service
like this and client feedback shows that the Extranet is a very
welcome addition to Symphony's kit of customer service tools, so we're
delighted that it has been recognized in this way," said Rew. "The
benefits are very tangible and the only requirement on the user's
behalf is to have access to a PC and Internet browser."
Symphony chose Unify VISION Internet Integrator to develop the
Extranet because of its high development productivity and superb
database performance.
"We have been using Unify products since 1988 and have always been
impressed by the ease of use and performance of the application
development tools," said Rew. "We first started using Internet
Integrator in 2000 to develop mobile computing applications for our
sales force and found it very easy to learn and use, so it was the
obvious choice for the Extranet project."
"We are delighted that The Symphony Group's business innovation
and technical excellence has been recognized in this way," stated
Clive Radford, Unify's director of sales, UK and Distribution East.
"Their Extranet demonstrates how businesses can exploit IT to deliver
premium customer service and gain sustainable competitive advantage."
Symphony now goes on to compete against nine other companies in
the national finals later this year.
About The Symphony Group
Established in 1971, The Symphony Group is the UK's largest
privately-owned furniture manufacturer. Its annual turnover in 2003
was over GBP 105 million. With two large manufacturing plants in Leeds
and Rotherham, both in northern England, and a small bespoke
manufacturing complex in Nottingham, the group services customers
throughout the UK, as well as a growing worldwide export market.
Symphony markets its fitted kitchen, bathroom and bedroom furniture to
three main sectors: house builders, housing associations and
retailers. For more information visit www.symphony-group.co.uk.
About Unify
Unify develops and markets Unify NXJ, a solution unmatched in its
speed to develop and deploy enterprise Web applications. Mid-sized to
large enterprises turn to Unify for need-it-yesterday solutions, where
business success is often defined as "how fast can you act and how
fast do you react" with quickly deployed applications. Unify's
customers include ASI, Cast & Crew Entertainment, Inc., Credit
Lyonnais, Citigroup Inc., Documentum, Fox Racing, GE Healthcare,
GlaxoSmithKline, Heineken, PCN, Pinnacol Assurance, Pioneer Natural
Resources, Pioneer Electronics and TravelCenters of America. Founded
in 1980, Unify is headquartered in Sacramento, Calif. with offices in
the U.K., France and Australia, in addition to a worldwide network of
distributors. Visit Unify at www.unify.com.
CONTACT: Unify Corporation
Deb Thornton, 916-928-6379
deb@unify.com
SOURCE: Unify Corporation
martinwitton
20 years ago
Newz...Unify NXJ 10.5 Speeds Delivery of Business Process Automation Applications
SACRAMENTO, Calif.--(BUSINESS WIRE)--Aug. 30, 2004--
New Breakthrough Capabilities Accelerate Rapid Deployment of
People-Intensive, Information-Rich Solutions
Unify Corp. (OTCBB:UNFY) today announced the immediate availability of Unify NXJ 10.5, an application platform that offers a rapid solution for creating and extending process-centric, "people-intensive" applications. Targeted at medium- to large-sized organizations that need applications immediately, Unify NXJ 10.5 securely and effectively automates business processes and extends critical information to customers, partners, suppliers and employees.
"Competitive pressures, limited IT resources and budgets in an accelerating business climate mean process automation initiatives are becoming the cornerstone for companies to manage costs and react to competitive threats or business dynamics," said Jim Sinur, vice president and distinguished analyst for Gartner. "Companies know they need to automate processes, particularly human-to-human processes, and advance their means of collaboration both internally and externally to continually transform, thrive and grow."
Delivering people-intensive, information-rich applications requires IT organizations to build systems that combine process and data integration. Prior to NXJ 10.5, IT was required to choose between using either business process management products or application development offerings, both of which then required extensive custom hand coding to complete this type of application. With a remarkable new breakthrough capability known as a Process Activity Form, Unify NXJ 10.5 eliminates all of this low-level coding with its highly automated framework. Using Unify NXJ Process Activity Forms, IT teams are able to build process automation, information-intensive applications in significantly less time compared to competing alternatives.
For Unify customer Cast & Crew, Unify NXJ is helping the company automate people-intensive processes to streamline efficiencies, as well as offer new client services that keep them ahead of the competition. "Cast & Crew prides itself on our responsiveness to our clients, which include major motion picture studios and television production companies," said Unify customer Sadhu Nadesan, CIO for Cast & Crew Entertainment Services. "Unify NXJ allows us to build applications rapidly, and more importantly, to make critical information accessible to our clients in real-time. Our customers will get accurate numbers instead of using estimates, so they can make better business decisions. We will be using Unify NXJ to provide one-of-a-kind services in our industry, which is key to retaining current clients as well as acquiring potential new ones."
Unify NXJ addresses the complexity of delivering process automation applications with a comprehensive application platform that includes business process management, web services, interactive forms processing, reporting, portal integration, and enterprise application connectivity. Unify NXJ 10.5 is available as a complementary offering for delivering applications that deploy across all leading J2EE infrastructure stacks including BEA WebLogic, IBM Websphere and Oracle 10g or as a fully integrated application platform with the JBoss application server.
What's Different About Unify NXJ 10.5
Unify NXJ 10.5 accelerates application delivery by extending the agility of a services-oriented architecture with clear separation of workflows, processes and activities from all presentation-layer and application-layer services. Unify NXJ's advanced modeling, fabrication, and assembly capabilities coupled with robust, pre-built application components and services results in accelerated application delivery time, reduced complexity for internal developers and lower maintenance costs for a faster and dramatic IT ROI.
Key additions and unique features of Unify NXJ 10.5 include:
-- Process Activity Forms are advanced interface controls which
provide a rich, thin-client, web interface to data aggregated
from multiple sources including business processes, databases,
web services, XML and Microsoft(R) Office documents all in
real time, with virtually no coding. This eliminates the
burden of manual processes and communication delays to boost
business velocity and productivity of end users by delivering
needed information for quicker action and better
decision-making.
-- Web Services offers an easy-to-use, high performance
environment for creating, deploying and orchestrating web
services in Java and J2EE applications. With unrivalled
interoperability including Microsoft .NET, Unify NXJ Web
Services supports application integration projects in
heterogeneous environments making new web services available
internally and externally.
-- Integrated Portal Services - Unify's NXJ's enterprise portal
framework simplifies the development, customization, and
maintenance of business information portals to provide rich,
real-time information delivery to end users. Through its
advanced single sign-on and personalization capabilities, end
users have direct access to all information and applications
for which they have been authorized.
-- Advanced Component Reuse System -NXJ 10.5 provides the
capability to reuse forms and form controls in multiple
application components throughout multiple application
projects. This along with a repository-based development and
reuse library saves developers days, weeks or months of
development time since they can re-use code across several
projects and quickly assemble applications.
-- Expanded Connectivity Services - NXJ offers standards-based,
JCA-compliant connectivity with leading enterprise and
packaged applications including SAP R/3, PeopleSoft, Siebel,
Oracle e-Business, JD Edwards, CICS, and IMS to Unify NXJ
applications.
"External factors, often out of the control of the IT organization, are creating an urgent need for CIOs to build and extend applications," said Unify CTO Dave Glende "Whether it's responding to a competitive action, an inability to scale headcount or exposing applications outside the four walls, IT organizations are faced with an urgency to create these applications quickly, yet they must be highly secure, functionally rich, easy to change and intuitively easy to use. This is a tall order for IT shops that are under budget pressures, swamped with enterprise rollouts and burdened with legacy system maintenance. Unify NXJ 10.5 fulfills all these needs, but its chief benefit-it can do it FAST."
Availability and Pricing
Unify NXJ 10.5 is immediately available. Pricing for development ranges from $3,000 to $11,500 USD per seat. Deployment pricing begins at $18,000 USD per CPU. For more information, please contact 1-800-248-6439 or visit www.unify.com.
About Unify
Unify Corporation provides software solutions for connecting people, information and business. Leveraging 24 years of software innovation to more than 2,000 customers and 300 ISV partners worldwide, Unify solutions enable organizations to automate business processes and deliver actionable information in highly collaborative applications. Focused on mid-size to large companies with urgent "need it yesterday" requirements for solutions, Unify's customers include Cast & Crew Entertainment, Inc., Credit Lyonnais, Citigroup Inc., Documentum, Fox Racing, GE Healthcare, GlaxoSmithKline, Heineken, PCN, Pioneer Natural Resources, Pioneer Electronics and TravelCenters of America. Founded in 1980, Unify is headquartered in Sacramento, Calif. with offices in the U.K., France and Australia, in addition to a worldwide network of distributors. Visit Unify at www.unify.com.
Note to Editors: Trademarks
Unify is a registered trademark of Unify Corporation. Unify NXJ is a trademark of Unify Corporation. Other brands or product names shown are trademarks of their respective owners.
CONTACT: Unify Corp.
Deb Thornton, 916-928-6379
deb@unify.com
or
Strategic Communications, Inc.
Deborah Paquin, 916-984-1921
dpaquin@strategiccom.biz
SOURCE: Unify Corporation
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Unify Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
©2004 Unify Corporation. All Rights Reserved. HOME / CONTACT / SEARCH
martinwitton
20 years ago
Newz....
Cast & Crew Selects Unify NXJ to Automate Production Cost Service for Major Movie Studios
SACRAMENTO, Calif.--(BUSINESS WIRE)--Aug. 30, 2004--
Unify NXJ Platform Enables Cast & Crew to Streamline
Production Hot Cost Calculations By Offering Studio Accountants
Critical Data Via the Web in Real-Time
Cast & Crew Entertainment Services, Inc. announced today it will develop a newly automated and web accessible platform to calculate daily payroll costs (known in the industry as "hot costs") for film and television production companies using Unify NXJ from Unify Corporation (OTCBB:UNFY). Cast & Crew, an entertainment payroll services company, will now be able to offer its customers, many of Hollywood's major movie studios, more customized services with a real-time view to cost data anytime and anywhere.
"The entertainment industry is extremely cost driven and nomadic," said Sadhu Nadesan, CIO of Cast & Crew, based in Burbank, Calif. "We wanted to offer our customers the instant access to key daily cost data needed by studio accountants, as well as automate several internal manual processes, all of which would give us a leg up on our competition. Unify NXJ allowed us to leverage our current IT investments to keep costs down, while providing an easy-to-use software platform that kept our internal IT resources productive."
Unify NXJ is an application platform for automating business processes and delivering actionable information. It enables organizations to effectively automate processes within and between organizations, consolidate multiple legacy systems into unified applications, and provides advanced collaborative information systems for employees, suppliers, partners and customers. Cast & Crew's new system incorporates some of NXJ's unique features including forms processing, reporting and an easy-to-use portal.
According to Nadesan, Cast & Crew needed a system that could rapidly deliver a one-of-a-kind application that was standards-based, "people-intensive" and interfaced with their current operating system and various company databases. "Hours to Gross is our first Unify NXJ project, but we don't intend to stop there," said Nadesan, "Unify NXJ will allow us to add more services and provide customers with 24x7 access to their data, all on a secure platform. The key is that studio executives need up-to-the-minute information for improved decision making. With this next-generation application, Cast & Crew can continue to upstage competitors with superior services and responsiveness to its clients."
About Cast & Crew
Cast & Crew is a leading provider of payroll services to the entertainment industry. Through offices in Burbank, New York City, Miami, Toronto and Vancouver, Cast & Crew provides payroll services to the Motion Picture, Television and Commercial Industries and offers its comprehensive PSL family of production accounting software. Cast & Crew's client list includes major motion picture studios and television production companies.
About Unify
Unify Corporation provides software solutions for connecting people, information and business. Leveraging 24 years of software innovation to more than 2,000 customers and 300 ISV partners worldwide, Unify solutions enable organizations to automate business processes and deliver actionable information in highly collaborative applications. Focused on mid-size to large companies with urgent "need it yesterday" requirements for solutions, Unify's customers include Cast & Crew Entertainment, Inc., Credit Lyonnais, Citigroup Inc., Documentum, Fox Racing, GE Healthcare, GlaxoSmithKline, Heineken, PCN, Pioneer Natural Resources, Pioneer Electronics and TravelCenters of America. Founded in 1980, Unify is headquartered in Sacramento, Calif. with offices in the U.K., France and Australia, in addition to a worldwide network of distributors. Visit Unify at www.unify.com.
CONTACT: Unify Corporation
Deb Thornton, 916-928-6379
deb@unify.com
www.unify.com
or
Strategic Communications
Deborah Paquin, 916-984-1921
dpaquin@strategiccom.biz
SOURCE: Unify Corporation
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Unify Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
©2004 Unify Corporation. All Rights Reserved. HOME / CONTACT / SEARCH
martinwitton
20 years ago
Here we go again....
Unify Reports First Quarter Fiscal 2005 Results
Tuesday , August 24, 2004 16:15 ET
SACRAMENTO, Calif., Aug 24, 2004 (BUSINESS WIRE) -- Unify Corp. (OTCBB:UNFY) today announced financial results for its first quarter of fiscal 2005 ended July 31, 2004.
Total revenues in the first quarter were $2.7 million, a 17 percent decrease, compared to $3.3 million in the first quarter of fiscal 2004. Software licenses revenue was $1.2 million, a decrease of 37 percent, compared to $1.8 million for the fiscal 2004 first quarter. Net loss was $474,000 or $0.02 loss per basic share, compared to a $144,000 or $0.01 loss in the first quarter of the prior year.
Unify ended the first quarter with total cash and cash equivalents of $6.0 million and stockholders' equity of $4.1 million.
"The revenue decline was due to a reduction in Unify's application development tools and database business, while Unify NXJ continued to gain traction," said Todd Wille, president and CEO of Unify. "During the quarter we saw a mix of new customers, repeat business, and accelerating distribution channels with our ISV partners and our Japan territory, as our customers discover that the Unify NXJ platform is ten times faster for delivering applications that solve critical business problems compared to competing alternatives."
Highlights for the first quarter include:
-- Acquired 13 new and repeat Unify NXJ customers for a total of
76 NXJ customers to date.
-- Administrative Systems Inc. selected Unify NXJ for its
Web-based payment and reporting solution.
-- Fox Racing selected Unify NXJ for its on-demand catalog and
inventory management solution.
-- Simarc Property Management selected Unify NXJ to speed
delivery of information and improve its administrative
efficiency.
-- Created a new distribution channel for Unify NXJ with Ashistuo
Corp. in Japan.
Conference Call
Unify will hold its quarterly conference call, open to all interested parties, on Aug. 24, 2004, beginning at 2 p.m. Pacific Time. Listeners should dial 877-692-2592 prior to the start of the conference call. The conference call will also be Webcast. Online listeners should visit www.unify.com/investors prior to the start of the call for login information. A replay of the conference call will be available until Aug. 31, 2004 by dialing 877-519-4471 and entering the passcode 5043316.
About Unify Corporation
Unify Corporation provides software solutions for connecting people, information and business. Leveraging 24 years of software innovation to more than 2,000 customers and 300 ISV partners worldwide, Unify solutions enable organizations to automate business processes and deliver actionable information in highly collaborative applications. Focused on mid-size to large companies with urgent "need it yesterday" requirements for solutions, Unify's customers include Cast & Crew Entertainment, Inc., Credit Lyonnais, Citigroup Inc., Documentum, Fox Racing, GE Healthcare, GlaxoSmithKline, Heineken, PCN, Pioneer Natural Resources, Pioneer Electronics and TravelCenters of America. Founded in 1980, Unify is headquartered in Sacramento, Calif. with offices in the U.K., France and Australia, in addition to a worldwide network of distributors. Visit Unify at www.unify.com.
This press release contains "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934 as amended. Forward looking statements are denoted by words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," and other variations of such words and similar expressions are intended to identify such forward-looking statements. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by our forward looking statements. Such risks and uncertainties include, but are not limited to general economic conditions in the computer and software industries, domestically and worldwide, the Company's ability to keep up with technological innovations in relation to its competitors, product defects or delays, developments in the Company's relationships with its customers, distributors and suppliers, changes in pricing policies of the Company or its competitors and the Company's ability to attract and retain employees in key positions. In addition, Unify's forward looking statements should be considered in the context of other risks and uncertainties discussed in our SEC filings available for viewing on its web site at "Investor Relations," "SEC filings" or from the SEC at www.sec.gov.
UNIFY CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
July 31, April 30,
2004 2004
Assets
Current assets:
Cash and cash equivalents $ 5,991 $ 6,606
Accounts receivable, net 2,216 2,848
Prepaid expense & other current assets 587 543
--------- ---------
Total current assets 8,794 9,997
Property and equipment, net 337 338
Other investments 214 214
Other assets 207 194
--------- ---------
Total assets $ 9,552 $ 10,743
========= =========
Liabilities and Stockholders' Equity
Current liabilities:
Line of credit $ 800 $ --
Current portion of long term debt 121 146
Account payable 147 523
Other accrued liabilities 953 1,340
Accrued compensation and related expenses 694 812
Deferred revenue 2,625 3,360
--------- ---------
Total current liabilities 5,340 6,181
Other long term liabilities 71 70
Commitments and contingencies
Stockholders' equity:
Common stock 28 27
Additional paid in capital 63,319 63,205
Accumulated other comprehensive gain 26 18
Accumulated deficit (59,232) (58,758)
--------- ---------
Total stockholders' equity 4,141 4,492
--------- ---------
Total liabilities and stockholders'
equity $ 9,552 $ 10,743
========= =========
UNIFY CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Three Months Ended
July 31,
2004 2003
-------- --------
Revenues:
Software Licenses $ 1,164 $ 1,836
Services 1,569 1,465
-------- --------
Total revenues 2,733 3,301
-------- --------
Cost of Revenues:
Software licenses 83 86
Services 364 320
-------- --------
Total cost of revenues 447 406
-------- --------
Gross profit 2,286 2,895
Operating Expenses:
Product development 689 1,007
Selling, general and administrative 2,061 1,804
Write-down of other investments -- 175
Special charges -- 49
-------- --------
Total operating expenses 2,750 3,035
-------- --------
Loss from operations (464) (140)
Other income (expense), net (16) (2)
-------- --------
Loss before income taxes (480) (142)
Provision (recovery) for income taxes (6) 2
-------- --------
Net loss $ (474) $ (144)
======== ========
Net loss per share:
Basic $ (0.02) $ (0.01)
Dilutive $ (0.02) $ (0.01)
Shares used in computing net loss per share:
Basic 27,523 21,344
Dilutive 27,523 21,344
SOURCE: Unify Corporation
CONTACT: Unify Corporation
Deb Thornton, 916-928-6379
deb@unify.com
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-0-
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: SOFTWARE
NETWORKING
E-COMMERCE
INTERNET
CONFERENCE
CALLS
EARNINGS
STOCK SYMBOLS: [(unfy)]
martinwitton
20 years ago
News Release.....Yawn....
Unify Announces Agreement with Ashisuto Corp. to Sell Unify NXJ in Japan; Unify's New Sub-Distributor to Expand Unify NXJ's Penetration in Japanese Market
Friday , July 30, 2004 18:10 ET
SACRAMENTO, Calif., Jul 30, 2004 (BUSINESS WIRE) -- Unify Corporation (OTCBB:UNFY) today announced that Ashisuto Corp. (HQ: Minato-ku Tokyo) will begin selling Unify NXJ into the Japan market. With this new agreement, Unify expands its distribution channel in Japan to aggressively penetrate the market for Java-based application development products with Unify NXJ.
Ashisuto will begin supplying Unify NXJ at its 11 sales locations throughout Japan. Initial sales strategies will include targeting corporations that are planning to build new web applications. Ashisuto will introduce Unify NXJ as an easy, powerful and open Java application platform for delivering new or extending existing client/server and web applications.
Unify NXJ provides extensive visual modeling, fabrication, and assembly tools coupled with advanced, pre-built application components and services for delivering SOA-compliant applications deployable on leading J2EE infrastructure platforms, including Fujitsu Interstage. This unique set of capabilities enables mainstream application developers to deliver unified, transaction-aware, actionable views of disparate information in a portal-ready, thin-client, fully J2EE-compliant model.
About Ashistuo
Ashisuto handles broad package software that is not limited to specific hardware makers or software vendors. Ashisuto supplies software to various types of businesses that are useful to clients, including security products, system management, database, information application/analysis tools, assorted development support tools and Unify NXJ. The Ashisuto website is at http://www.ashisuto.co.jp/.
About Unify
Unify Corporation is a global enterprise software company. Leveraging 24 years of software innovation to more than 2,000 customers and 300 ISV partners worldwide, Unify delivers solutions for building applications that unify and automate business processes and deliver actionable information. Focused on mid-size to large companies who want to boost productivity and gain a competitive edge, Unify's customers include Cast & Crew Entertainment, Inc., Credit Lyonnais, Citigroup Inc., Documentum, GE Heathcare, GlaxoSmithKline, Heineken, PCN, Pioneer Electronics and TravelCenters of America. Founded in 1980, Unify is headquartered in Sacramento, Calif. with offices in the U.K., France and Australia, in addition to a worldwide network of distributors. Visit Unify at www.unify.com.
Note to Editors: Trademarks
Unify is a registered trademark of Unify Corporation. Unify NXJ is a trademark of Unify Corporation. Other brands or product names shown are trademarks of their respective owners.
SOURCE: Unify Corporation
CONTACT: Unify Corporation
Deb Thornton, 916-928-6379
deb@unify.com
or
Ashisuto
Taguchii, 03-3437-4549 (Public Relations)
nxj_mkt@ashisuto.co.jp
Customize your Business Wire news & multimedia to match your needs.
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Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: CALIFORNIA JAPAN INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: SOFTWARE
E-COMMERCE
INTERNET
MARKETING
AGREEMENTS
PRODUCT
STOCK SYMBOLS: [(unfy)]
martinwitton
20 years ago
Newz At The Front...
Simarc Property Management Selects Unify NXJ to Improve Customer Service and Prepare for Business Expansion
Unify NXJ platform Delivers Benefits of Java In a Fraction of the Cost and Elapsed Time
SACRAMENTO, Calif., Jun 29, 2004 (BUSINESS WIRE) -- Unify Corporation (OTCBB:UNFY) today announced that Simarc Property Management Ltd, a collections agency based in the UK, has selected the Unify NXJ application platform to speed up the delivery of critical information to its clients and other business contacts, and to improve its administrative efficiency.
Working on behalf of large freeholder clients, Simarc administers the collection of ground rent from over 100,000 leaseholders. As well as dealing with enquiries from clients and leaseholders, the company also liaises with solicitors regarding transfer of title during property sales, resulting in a very high volume of requests for information. Simarc decided to introduce an extranet to speed the processing of requests and the delivery of the required information. Unify NXJ will enable Simarc to develop and deploy its web applications very rapidly. The company will also use Unify NXJ to develop a next generation administration systems which will modernize their existing Unify ACCELL/SQL applications, leveraging their existing business rules as they deliver a new Web application.
"For our first venture into web technology we wanted the level of security that only Java can provide without the lengthy development timescales that it normally incurs," said Philip Fraylich, IT Manager at Simarc. "Unify NXJ really is a revolutionary product. Functionality that would take days to code in standard Java can be developed in hours using Unify NXJ, and we can leverage the existing skills of our development team so there is no long learning curve. Additionally, Unify NXJ Reporting is extremely easy to use and amazingly versatile."
"Simarc is a forward-looking organisation, seeking to expand its business. As well as improving our responsiveness to clients, the Unify NXJ applications will increase our operational efficiency and allow us to free up resources to focus on new areas that will allow us to grow," Mr. Fraylich added.
"Unify NXJ allows Simarc to deliver robust Java applications extremely rapidly and cost-effectively without a steep learning curve for their developers," said Clive Radford, Unify's director of sales, UK and Distribution East. "The Unify NXJ-based applications will improve customer service levels and streamline administrative functions, equipping them to address new challenges."
Simarc is working with a consultant from Kanday, a Unify business partner, to develop the applications, which will be ready to go live in September, in time for Simarc's new financial year. Simarc has plans to explore ways to use NXJ to further improve efficiency and responsiveness by extending the web functionality, including the introduction of online payment processing.
Unify NXJ is an application platform for automating business processing and delivering actionable information. It enables organizations to effectively automate processes within and between organizations, consolidate multiple legacy systems into unified applications, and provide advanced collaborative information systems for employees, suppliers and partners.
About Simarc Property Management Ltd.
Based in North London, Simarc Property Management Ltd is a collections agency that collects ground rent from leaseholders on behalf of its clients, who are large corporate freeholders. The company handles all aspects of the administration of the rent collection, including invoicing, debt collection and liaising with leaseholders and solicitors to record transfer of title and maintain leaseholder contact information.
About Unify
Unify Corporation is a global enterprise software company. Leveraging 24 years of software innovation to more than 2,000 customers and 300 ISV partners worldwide, Unify delivers solutions for building applications that unify and automate business processes and deliver actionable information. Focused on mid-size to large companies who want to boost productivity and gain a competitive edge, Unify's customers include Cast & Crew Entertainment, Inc., Credit Lyonnais, Citigroup Inc., Documentum, GE Heathcare, GlaxoSmithKline, Heineken, PCN, Pioneer Electronics and TravelCenters of America. Founded in 1980, Unify is headquartered in Sacramento, Calif. with offices in the U.K., France and Australia, in addition to a worldwide network of distributors. Visit Unify at www.unify.com.
SOURCE: Unify Corporation
CONTACT: Unify Corporation
Deb Thornton, 916-928-6379
deb@unify.com
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
SOURCE: Unify Corporation
martinwitton
20 years ago
News....
Unify Corporation Announces Fourth Quarter and Fiscal Year 2004 Results
Tuesday June 8, 4:15 pm ET
License Revenues Increase Four Percent Year over Year Driven by Adoption of Unify NXJ Platform
SACRAMENTO, Calif.--(BUSINESS WIRE)--June 8, 2004--Unify Corporation (OTCBB:UNFY - News) today announced financial results for the fourth quarter and fiscal year ended April 30, 2004. Software licenses revenue for the fourth quarter and twelve-month period increased four percent respectively, compared to the same periods last fiscal year.
Fourth quarter total revenue was $3.2 million, flat compared the fourth quarter of fiscal 2003. Net loss for the quarter was ($457,000) or ($0.02) loss per share, compared to net income of $183,000 for the same period last year. Software licenses revenue was $1.7 million, up compared to $1.6 million for the fourth quarter of last year.
"As we laid the foundation for market penetration with Unify NXJ, we were pleased to report a four percent increase in license revenues for the quarter and for the year," said Todd Wille, president and CEO of Unify. "We are seeing traction with the Unify NXJ platform, having doubled NXJ sales as well as our sales pipeline for three consecutive quarters.
"We viewed fiscal 2004 as a transitional and foundation-building year. From sales and lead generation programs, to launching visibility programs, to new product delivery and acquiring 50 NXJ customers, this year provided us with the proof points that the strategy we developed at the beginning of the year was the right one. We head into fiscal 2005 with excitement and focus on crisp execution of our strategy to penetrate the market with Unify NXJ," added Wille.
Fiscal 2004 total revenue was $11.9 million, a two percent decrease, compared to $12.2 million for fiscal 2003. Software licenses revenue was $6.1 million, up four percent, compared to $5.9 million for the prior year. Services revenue was $5.8 million, down seven percent, from $6.3 million in the prior year. The maintenance portion of services revenue was $5.5 million for both years, while consulting and training revenue was $0.3 million, compared to $0.7 million for the prior year.
GAAP net loss for fiscal 2004 was ($1.0 million) or ($0.05) loss per share, compared to fiscal 2003 net income of $119,000, or $0.01 earnings per basic and diluted share. On a Non-GAAP basis, the net loss for fiscal 2004 was ($525,000), compared to Non-GAAP net income of $187,000 for fiscal 2003. Non-GAAP net income excludes severance charges, write-down of the Company's investments and other special charges (recoveries).
-0-
Reconciliation of GAAP Net Loss to Non-GAAP Net Income (Loss):
Quarter Quarter Twelve Months Twelve Months
Ended Ended ended ended
April 30, April 30, April 30, April 30,
2004 2003 2004 2003
GAAP Net Income
(Loss) ($457,000) $183,000 ($1,010,000) $119,000
Adjustments :
Severance Charges 200,000
Write-down of Other
Investments 150,000 175,000 200,000
Special Charges
(Recoveries)(1) 110,000 (132,000)
---------- ---------- ------------- -------------
Non-GAAP Net Income
(Loss) ($457,000) $333,000 ($525,000) $187,000
========== ========== ============= =============
(1) Special charges (recoveries) related primarily to litigation
expenses
Balance Sheet
As of April 30, 2004, Unify has $6.6 million in cash and cash equivalents, compared to $2.8 million at January 31, 2004 and $3.0 million at April 20, 2003. Stockholders' equity was $4.5 million, compared to $1.5 million at the end of fiscal 2003, and working capital was $3.8 million at April 30, 2004.
Highlights
During fiscal 2004, Unify:
Signed 50 Unify NXJ customers including Administrative Systems Inc., Cash America, Documentum, Fox Racing, Hali Technology, Kliger Weiss Information Systems, Layher, Michael C. Fina Inc., SA Doux, Simarc Property Management, State of Vermont, TVF Division Internationale and the University of Mississippi
Consistently increased the average selling price of NXJ - further confirmation of Unify NXJ's enhanced value proposition
Delivered the Unify NXJ 10 Application Platform, offering a comprehensive business process automation solution with business process management, reporting, forms processing, portal and portal integration, and enterprise application integration
Received the Jolt Award from Software Development Magazine for Unify NXJ
Earned significant repeat business from existing customers including Business Console Limited, Celebrity Software, GE Healthcare, National Australian Bank and Sescoi.
Hired a new vice president of sales and marketing, realigned the company to invest additional resources in sales and marketing, and rebuilt the U.S. sales organization
Announced direct sales representation in Australia with appointment of territory sales director
Signed Air Company Limited as a new master co-distributor in Japan
Presented at three financial conferences and launched an investor relations web site
Announced Rob Majteles, founder of Treehouse Capital, LLC as a new board member
Announced a $4 million strategic private equity placement
Conference Call
Unify will hold its conference call on June 8, 2004, beginning at 2 p.m. Pacific Time. Listeners should dial 877-692-2592 prior to the start of the conference call. The conference call will also be Webcast. Online listeners can visit www.unify.com/investors prior to the start of the call for login information. A replay of the conference call will be available until June 15, 2004 by dialing 877-519-4471 and entering the passcode 4810878.
About Unify
Unify Corporation is a global enterprise software company. Leveraging 24 years of software innovation to more than 2,000 customers and 300 ISV partners worldwide, Unify delivers solutions for building applications that unify and automate business processes and deliver actionable information. Focused on mid-size to large companies who want to boost productivity and gain a competitive edge, Unify's customers include Cast & Crew Entertainment, Inc., Credit Lyonnais, Citigroup Inc., Documentum, GE Heathcare, GlaxoSmithKline, Heineken, PCN, Pioneer Electronics and TravelCenters of America. Founded in 1980, Unify is headquartered in Sacramento, Calif. with offices in the U.K., France and Australia, in addition to a worldwide network of distributors. Visit Unify at www.unify.com.
This press release contains "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934 as amended. Forward looking statements are denoted by words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", and other variations of such words and similar expressions are intended to identify such forward-looking statements. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by our forward looking statements. Such risks and uncertainties include, but are not limited to general economic conditions in the computer and software industries, domestically and worldwide, the Company's ability to keep up with technological innovations in relation to its competitors, product defects or delays, developments in the Company's relationships with its customers, distributors and suppliers, changes in pricing policies of the Company or its competitors and the Company's ability to attract and retain employees in key positions. In addition, Unify's forward looking statements should be considered in the context of other risks and uncertainties discussed in our SEC filings available for viewing on its web site at "Investor Relations," "SEC filings" or from the SEC at www.sec.gov.
Note to Editors: Trademarks
Unify is a registered trademark of Unify Corporation. Unify NXJ is a trademark of Unify Corporation. Other brands or product names shown are trademarks of their respective owners.
-0-
UNIFY CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended Twelve Months Ended
April 30, April 30,
2004 2003 2004 2003
--------- ------- --------- --------
Revenues:
Software Licenses $ 1,684 $1,622 $ 6,111 $ 5,895
Services 1,492 1,548 5,814 6,278
--------- ------- --------- --------
Total revenues 3,176 3,170 11,925 12,173
--------- ------- --------- --------
Cost of Revenues:
Software licenses 182 57 595 263
Services 349 270 1,299 1,133
--------- ------- --------- --------
Total cost of revenues 531 327 1,894 1,396
Gross profit 2,645 2,843 10,031 10,777
Gross margin % 83.3% 89.7% 84.1% 88.5%
Operating Expenses:
Product development 699 948 2,996 4,108
Selling, general and
administrative 2,386 1,619 7,730 6,523
Write-down of other investments 0 150 175 200
Special charges (recovery) 0 0 110 (132)
--------- ------- --------- --------
Total operating expenses 3,085 2,717 11,011 10,699
--------- ------- --------- --------
Income (loss) from operations (440) 126 (980) 78
Other income (expense), net (20) (1) (27) 3
--------- ------- --------- --------
Income (loss) before income
taxes (460) 125 (1,007) 81
Provision (recovery) for income
taxes (3) (58) 3 (38)
--------- ------- --------- --------
Net income (loss) $ (457) $ 183 $ (1,010) $ 119
========= ======= ========= ========
Net income (loss) per share:
Basic $ (0.02) $ 0.01 $ (0.05) $ 0.01
Dilutive $ (0.02) $ 0.01 $ (0.05) $ 0.01
Shares used in computing net
income (loss) per share:
Basic 21,821 21,164 21,558 20,939
Dilutive 21,821 21,657 21,558 21,693
UNIFY CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
April 30, April 30,
2004 2003
Assets
Current assets:
Cash and cash equivalents $ 6,606 $ 3,030
Accounts receivable, net 2,848 2,504
Prepaid expense & other current assets 543 290
--------- ---------
Total current assets 9,997 5,824
Property and equipment, net 338 345
Other investments 214 392
Other assets 194 114
--------- ---------
Total assets $ 10,743 $ 6,675
========= =========
Liabilities and Stockholders' Equity
Current liabilities:
Account payable $ 523 $ 556
Current portion of long term debt 146 200
Other accrued liabilities 1,340 822
Accrued compensation and related expenses 812 652
Deferred revenue 3,360 2,936
--------- ---------
Total current liabilities 6,181 5,166
Other long term liabilities 70 -
Commitments and contingencies
Stockholders' equity:
Common stock 27 21
Additional paid in capital 63,205 59,339
Note receivable from stockholder 0 (60)
Accumulated other comprehensive loss 18 (43)
Accumulated deficit (58,758) (57,748)
--------- ---------
Total stockholders' equity 4,492 1,509
--------- ---------
Total liabilities and stockholders' equity $ 10,743 $ 6,675
========= =========
--------------------------------------------------------------------------------
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