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Toronto ? March 18, 2002-- Hummingbird Ltd. (NASDAQ: HUMC, TSE: HUM), a world-leading enterprise software solutions company, and STG, Inc., a premier information technology services firm, today announced that Hummingbird and STG will be showing their latest records management solutions live at the Hummingbird booth at FOSE (www.fose.com), March 19-21, at the Washington, DC Convention Center.
Maximizing the value of the content of email and other stored documents is not only a formidable task, but also an unavoidable requirement, particularly for transactions covered under the Government Paperwork Elimination Act (GPEA). Hummingbird and STG have formed a partnership that leverages Hummingbird?s software expertise and STG?s consulting experience to deliver a reliable solution for managing and leveraging this email and document content by reducing training and human resource costs.
STG uses the power of Hummingbird?s knowledge management, document management and records management technologies in combination with STG?s ERM Server to intelligently auto-file email and other documents at the network level. This eliminates the need for desktop software installation and end-user training, and poses no additional workload requirements from end-users. Hummingbird is the only vendor that offers a fully integrated document management and records management solution.
?The traditional approach to records management often requires a lot of end-user training and software installation to every desktop. It leaves it up to the individual to decide how, what, and where to categorize an organization?s digital assets, and gives the organization the headache and expense of training and delivery,? says Don Schewe, a long time Certified Records Manager and the expert consultant for STG. ?I believe that STG and Hummingbird have created a viable and innovative solution to this daunting problem.?
?Hummingbird?s tightly integrated document and records management solutions offer the lowest cost of ownership and ease of deployment in the industry,? said Andrew Pery, chief marketing officer, Hummingbird Ltd. ?Hummingbird?s partnership with STG delivers value to customers by giving them the ability to maximize their ROI from Hummingbird products.?
Headquartered in Toronto, Canada, Hummingbird Ltd. is a global enterprise software company employing 1300 people in nearly 40 offices around the world. Hummingbird's revolutionary Hummingbird Enterprise Ô, an integrated information and knowledge management solution suite, manages the entire lifecycle of information and knowledge assets. Hummingbird Enterprise creates a 360-degree view of enterprise content with a portfolio of products that are both modular and interoperable. Today, five million users rely on Hummingbird to connect, manage, access, publish and search their enterprise content. For more information, please visit: http://www.hummingbird.com
Forward-looking statements in this press release, including statements relating to the Company's future sales growth, profitability, competitive position and release of new products are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are subject to risks and uncertainties that may cause future results to differ materially from those expected. Such risks include, but are not limited to: the Company's ability to maintain revenue growth at current levels or anticipate a decline in revenue from any of its products; the Company's ability to reduce its costs to the extent required to maintain profitability should revenue decline; the Company's ability to protect its intellectual property rights; the Company's ability to train its sales force, technical staff and other groups in a growing array of products; the Company's ability to hire, train, and retain highly qualified personnel; the introduction of new products in a timely manner and the Company's ability to generate demand for, and gain market acceptance of, those products in an intensely competitive marketplace, where many of its competitors have substantially greater resources than the Company; the Company's reliance on third party distribution channels as part of its sales and marketing strategy; and other risks detailed in the Company's various securities filings with the Securities and Exchange Commission and Canadian securities regulators.
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