OEM Agreement with Sage
21 Agosto 2006 - 9:01AM
UK Regulatory
RNS Number:8671H
INVU, Inc.
21 August 2006
21 August 2006
Invu Inc
OEM agreement with Sage (UK) Limited
The Board of Invu Inc ("Invu"), the document management software provider, is
delighted to announce an OEM agreement with Sage (UK) Limited ("Sage"), a
leading supplier of business management software and services. Under the terms
of the agreement, Sage will sell Invu's document management product to the
accountancy and professional services markets, under the Sage brand.
The Sage sales force will start to sell the Invu product from 1 September 2006,
to its existing customer base of over 14,000 firms of accountants. In addition,
it is agreed that Sage will fully integrate the Invu technology into the Sage
accountancy practice suite of products during 2007.
David Morgan, Chief Executive of Invu Inc, said,
"We are very excited by this agreement with such a market-leading company as
Sage. In addition to revenue streams we anticipate a positive effect on the
Invu brand moving towards mainstream credibility. We will only be able to gauge
the full impact of this agreement after a period of initial marketing and sales
activity, but we are planning to service the demand with our normal high levels
of customer service and support."
Greg Ford, Managing Director, Accountants Division, Sage (UK) Limited, said:
"Our relationship with over 14,000 Accountants and 600,000 business customers
helps us to determine what is needed to support Accountants and businesses and
our entire strategy is centred around doing what is right for our customers.
Our Accountants community told us they need document management software and
therefore we have entered into this partnership with Invu to deliver a high
quality, well supported system which we can bring to market quickly and
efficiently."
-ends-
Invu, Inc. 01604 859893
David Morgan, CEO
John Agostini, FD
Financial Dynamics 020 7831 3113
Juliet Clarke
Hannah Sloane
About Invu
Invu (LSE, AIM, Symbol; NVUK) develops, markets and sells software (under the
brand name of Invu) for the electronic management of all types of information
and documents, such as forms, correspondence, literature, faxes, e-mail,
technical drawings, electronic files and web pages. Invu targets the
small-to-medium size enterprise ("SME") market and individual departments of
larger organisations with a range of products which the Directors believe
strongly adhere to Invu's brand values of ease of use, high quality and price
performance. Founded in 1997 and based in Northampton, Invu has 44 employees
and operates in the UK, Ireland and The Netherlands. It raised over #3.5
million following its flotation on the AIM stock market in January 2004. Invu's
products have been sold to nearly 2,000 customers, representing approximately
33,000 licensed users. Invu has a proven reseller business model and has
established a network of more than 120 Value Added Resellers, 10 of which are in
Benelux.
Invu is a member of the Business Application Software Developers Association
(BASDA) and its version 5.4 software has recently been accredited by the
Institute of Chartered Accountants in England & Wales (ICAEW).
For more information on Invu see http://www.invu.net
About Invu, Inc.'s ticker
There are two tickers for Invu, Inc., which is a legacy of its previous listing
on Nasdaq. The placing shares, subject to restrictions in the US, are allocated
ticker NVUK by the London Stock Exchange. At the same time, holders of Invu
stock transferred from Nasdaq's OTC Bulletin Board are not subject to any
transfer restriction and are allocated ticker NVU on AIM. Until such time as
the US restrictions disappear, there will be two lines of Invu stock and
therefore two share prices. However, it is likely that the majority of trading
will be on the NVUK line of Placing shares. (The Reuters news service uses the
ticker INVUq.L for the stock transferred from Nasdaq and NVUx.L for the placing
shares.)
About Sage UK
Sage (UK) Ltd is a subsidiary of The Sage Group plc, a leading international
supplier of business management software solutions. Formed in 1981, the Group
was floated on the stock exchange in 1989 and now employs over 10,000 people
worldwide in its market leading companies throughout Europe and the USA. Further
press information is available at http://www.sagepresscentre.co.uk or at http://
www.sage.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRSFAFMASMSEFA
Grafico Azioni Invu (LSE:NVU)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Invu (LSE:NVU)
Storico
Da Nov 2023 a Nov 2024