Reynolds and Reynolds to Utilize Novadigm's E-wrap Technology
1 May 2000
Reynolds and Reynolds to Utilize Novadigm's E-wrap Technology; New Electronic Software Delivery/Installation Saves 9,000+ Automotive Retailers Time and Money
DAYTON, Ohio--May 1, 2000--The Reynolds and Reynolds Company (NYSE:REY) today selected Novadigm(R), Inc. (Nasdaq:NVDM) to provide an automated software management solution to the Reynolds Automotive Group.Novadigm's e-wrap(TM) technology will be used by Reynolds to electronically provide software applications to its over 9,000 automotive retailing customers.
E-wrap technology solutions automatically deploy and update software applications across large numbers of distributed desktops, laptops and servers, and over the Internet, while meeting the challenges faced in electronic software distribution. These challenges include security, scalability, change management, and the need to interface with multiple platforms and applications.
"With Novadigm's e-wrap technology, software applications will be distributed electronically to auto retailers, and Reynolds will be able to perform remote installations and updates. This efficient and proven technology saves time and reduces costs," said George Kellar, vice president of marketing for Novadigm.
Kurt Lieberman, general manager of Reynolds' Retail Management Solutions Division, said, "We chose Novadigm because e-wrap technology greatly increases the efficiency of our software deployments. That translates into improved service for our customers and savings for us."
Lieberman said Reynolds' investment in Novadigm's e-wrap technology solution is another step the company is taking to strengthen its role as the world's leader in transforming automotive retailing. Reynolds continues to play a major role with MSN CarPoint(TM), and provides several sophisticated electronic products and services to the automotive retailing industry, including AutoNotice electronic service reminders. The company recently announced its acquisition of HAC Group LLC, the world's leading provider of learning, eCRM and Web services to auto retailers and manufacturers. HAC's organization will be integrated with Reynolds to create Reynolds Transformation Services.
Reynolds is also a strategic partner with e-fin LLC, the first comprehensive, full-service electronic financing marketplace in the automotive industry, and is working with Saturn to build an integrated, real-time, Web-enabled automotive retail management system. Additionally, Reynolds is one of the founding parties of an independent company that will develop an electronic parts network that links buyers and sellers with a cost-efficient, user-friendly, Web-based solution for the multi-billion dollar automotive parts market.
Novadigm is a leading provider of software and content management solutions for enterprise and Internet computing environments, that enable organizations to reduce software management costs, speed time-to-market, expand marketing channels and open new sources of revenue. Novadigm's suite of integrated products, based on the company's e-wrap technology, work seamlessly together as the only end-to-end solution that can efficiently, reliably and scaleably deploy and manage the full range of today's software and content, personalized for a wide range of computing devices, across virtually any network. Novadigm customers -- Global 1000 business enterprises, software vendors and service providers around the world -- report software management savings of 80 percent or more, time-to-market improvements of 70 percent or more, and reliability typically greater than 99 percent. For more information on Novadigm, visit www.novadigm.com or call 800-626-6682.
Reynolds and Reynolds, headquartered in Dayton, Ohio, is intent on leading the transformation of worldwide automotive retailing with information management, eCRM and Internet solutions. The company reported revenues of $1.56 billion for the fiscal year ended Sept. 30, 1999. For more information on Reynolds and Reynolds, visit www.reyrey.com or call the Information Hotline at 1-888-4REYREY.
Certain statements in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on current expectations, estimates, forecasts and projections of future company or industry performance based on management's judgment, beliefs, current trends and market conditions. Forward-looking statements made or to be made by or on behalf of the company may be identified by the use of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed, forecasted or implied in the forward-looking statements. See also the discussion of factors that may affect future results contained in the company's Current Report on Form 8-K filed with the SEC on February 9, 2000, which we incorporate herein by reference. The company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.