Volvo Selects GraphOn's GO-Global Software to Run Finance Application Suite Remotely
MORGAN HILL, Calif.--May 23, 2001--GraphOn(R) Corporation, http://GO.GraphOn.com, developers of business infrastructure software for network- and web-enabling UNIX, Windows and Linux applications, today announced a licensing agreement to provide employees involved with Volvo's in-house bank, Volvo Treasury, with remote access to Finance KIT developed by Oy Trema AB.
The initial application for GraphOn's web-enabling technology calls for delivery of Trema financial applications over a wide area network via GraphOn's GO-Global software installed on Novell-based servers. By centralizing the sophisticated financial management system in Gothenburg, Sweden and using GraphOn's GO-Global software, Volvo Treasury can provide real-time access to Finance KIT's critical financial information in a uniform systems environment to authorized Volvo Treasury users in geographically dispersed sites that are using CLASS, Volvo's common PC environment.
Volvo has been using Finance KIT since 1995 and has installations in the United States, Singapore and Gothenburg, Sweden. The project will merge the three installations, and therefore three databases, into one allowing Finance KIT to be used across all time zones, around the clock.
"This will give us a lot of flexibility in the future and present substantial cost and time savings," said Magnus Jarlen, risk manager, Volvo Treasury. "Volvo will reduce their capital costs of the servers due to maintenance taking place only at Volvo IT, Gothenburg. Volvo can also reduce their market data costs by reducing the need for +external feeds from three to one. There are a lot of cost savings to
definitely makes it worthwhile."
"We are pleased that GraphOn technology is putting world-class, high-powered applications of the sort used by banks and multinationals into the hands of dynamic companies like Volvo," said GraphOn vice president of Worldwide Sales, George Phillips. "Volvo is an excellent example of an international manufacturer who continuously seeks ways to manage and accommodate additions of new products and ever-evolving operations. GraphOn is proud to be a part of that evolution."
About Trema
Trema is a premier provider of strategic technology solutions and best practice methodologies to the financial industry. Trema's clients include key players in the financial markets, including banks, corporate treasuries, investment management firms and central banks in Europe, the Middle East, Africa, Asia and North America. Trema's clients include ABB, AEGON, Aventis, BAe Systems, BMW Group, Ericsson, European Central Bank, ING Investment Management, Johnson Controls, Pharmacia, SEB, Unilever and Volvo. Founded in 1992, Trema has an international staff of over 300 and has offices in Abu Dhabi, Boston, Frankfurt, Helsinki, Johannesburg, London, Prague, Singapore, Sophia Antipolis, Stockholm and Zurich.
About Volvo
Volvo is one of the world's largest producers of trucks, buses and construction equipment and holds a leading position in the fields of marine and industrial power systems and aircraft engine components. The Volvo Group focuses exclusively on transport equipment for commercial use, which creates the conditions for increased synergies and improved competitiveness.
Volvo Information Technology is responsible for development and implementation of IT solutions for Volvo and Volvo Cars worldwide and has offices in Europe, North America, South America and Asia.
About GraphOn Corporation
+¶ GraphOn's award-winning software allows any display device to run eany application over any type of connection, including low bandwidth, dial-up and wireless. GraphOn's products instantly web-enable any type of application, including Windows, Linux, and UNIX applications without any software modification. GraphOn technology provides +organizations of all types complete freedom of choice today and in the xfuture--freedom in the choice of applications, operating systems and connectivity framework, while achieving high performance and lower cost. GraphOn, which markets its solutions through OEM licenses, +independent software vendors (ISVs), application service providers t(ASPs), and system integrators, is headquartered in Silicon Valley and is traded on the Nasdaq under the ticker GOJO . For more information, please visit the company's web site at http://GO.GraphOn.com. + e¶ This press release contains statements that are forward looking as that term is defined by the United States Private Securities Litigation Reform Act of 1995. These statements are based on current expectations that are subject to risks and uncertainties. Actual +results will differ due to factors such as shifts in customer demand, rproduct shipment schedules, product mix, competitive products and pricing, technological shifts and other variables. Readers are referred to GraphOn's most recent periodic and other reports filed with the Securities and Exchange Commission. + n¶ Note to Editors: GraphOn is a trademark of GraphOn Corporation. All other trademarks belong to their respective owners.