Press Release
VICOR, Inc. and eGistics, Inc. Form Strategic Alliance
Providing Highly Secure, Long-Term Image Archive and
Document Management
Contact: Bob Murphy
VICOR, Inc.
510-621-2047
RICHMOND, CA, August 17, 2005 - VICOR, Inc., a provider
of technology products to the payments industry, today
announced a partnership with eGistics, Inc. to provide
financial services customers with a solution for secure
and cost-efficient long-term image archive and document
management. This new alliance is a key development in
VICOR's strategic initiative to increase and leverage
the company's leading industry position into new markets
with new products and partnerships.
As part of the agreement, VICOR will integrate into
its flagship payment processing platform, RIDS (Receivables
Information Delivery System), eGistics' customer-centric,
on-demand solution for managing the storage, indexing
and retrieval of images and related data via the Internet.
VICOR will make eGistics' Infinite Digital Architecture
(IDA) and Infinite Digital Depository (IDD) available
as key components of RIDS and its VICOR Everywhere suite
of distributed business process solutions.
With image clearing becoming the accepted standard
in payments processing, more banks are demanding long-term,
on-demand archives for images and supplemental remittance
data.
"eGistics has a proven, successful track record in
storage management. With this alliance, VICOR is accelerating
its strategic initiative to deliver products and partnerships
that support our expanding distributed solution suite,"
said VICOR President and CEO Bob Kirk. "As banks and
transaction processors build out their electronic payments
enterprises, they need to be sure that their long-term
storage foundation is secure and reliable. We will provide
our customers with an interface from local storage to
long term on-line storage that is transparent to the
end-user at a very attractive price. Our relationship
with eGistics allows us to deliver a product to address
market requirements, and provides a seamless experience
for customers of our RIDS platform, as well as all of
our future products."
"eGistics is delighted to be partnering with VICOR
on this initiative to provide their high-profile financial
customers access to critical payment content using a
highly secure architecture," says Robert E. Lund, Chairman
& CEO. "We consider VICOR to be a high caliber organization
that carries a reputation as the payment industry's
thought leader. Choosing them as a strategic partner
was a natural fit for eGistics. Our corporate initiatives
align well with VICOR's and, given their presence in
the payments arena, we anticipate the development of
many future opportunities."
About VICOR, Inc.
VICOR is a leading provider of image-enabled receivables
processing and management solutions. The company’s
flagship product, RIDS (Receivables Information Delivery
System), is the first payment processing and cash management
platform to offer full color images and intra-day delivery
of receivables information via the Internet and other
publishing options. Currently installed in 24 sites,
RIDS processed over 180 million transactions in 2004,
representing more than $1.1 trillion. VICOR is headquartered
in Richmond, CA, and is privately held. For more information,
contact 510-621-2000 or visit www.vicor.com.
About eGistics, Inc.
eGistics provides tailored solutions that efficiently
manage the storage, indexing and retrieval of digital
content. eGistics’ Infinite Digital Architecture
(IDA) supports all digital content including data, images,
audio and video. The Infinite Digital Depository (IDD)
is a client-centric, on demand solution with mirrored
backup at locations that are SAS70 I & II certified
and compliant with HIPAA and DOD standards. eGistics’
on demand storage and retrieval services include powerful
applications that meet unique customer requirements
and deliver significant productivity gains. Today eGistics
archives billions of images and services thousands of
on demand requests per hour. Headquartered in Dallas,
Texas, eGistics has been providing these services to
customers for 11 years and operates in secure, fully
redundant, load balanced data centers.
|
