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Archived news announcement

Cyco Software Strengthens Strategic Focun on Providing Solutions for Departmental CAD & Engineering Market

Company Announces Strong Commitment to Resellers and the Development of New Products


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ATLANTA, GA - July 6, 2001 - Cyco Software, the leading provider of document management software for the design and engineering environment, today announced that the company will strategically focus on strengthening its leading position in the departmental and divisional CAD/engineering market. Since 1984, Cyco has been developing departmental solutions which are particularly suited for this market space. Cyco's products are furthermore known for their ease of deployment, ease of use and their excellent price-performance ratio.

Cyco Software will continue to work closely with its channel partners and will extend its world-wide distribution network. As a result of these strategic decisions, the direct business development activities in the enterprise EDM market will be discontinued. As a consequence Cyco Software has gone through a recent reorganisation which has led to a reduction of staff.

Cyco announced in addition that both its AutoManager products, AutoManager WorkFlow and AutoManager Meridian, will further be developed. In the second half of this year the company will launch new releases of the two products. Both productlines will be based on the same technology platform. Cyco Software is currently also developing additional applications on top of AutoManager Meridian for selected market segments.

Martijn Janmaat, the recently appointed CEO of Cyco Software, says: "The new strategy will give us an excellent opportunity to capitalize on our strengths and the growth potential in the generic departmental and divisional CAD/engineering market while further developing business opportunities in specific market segments with more specialized solutions." He continues: "Developing innovative document management solutions which help companies to improve their efficiency constitutes the basis of our business. To meet the demands of the markets in the future we will actively expand our current line of software. We expect this repositioning will enable us to further accelerate our growth."

About Cyco Software

Cyco Software specializes in designing software that will give users access to any document, anytime, anywhere. AutoManager Meridian is the most anticipated product release from Cyco, the long time market leader in CAD and Engineering document management solutions for the Windows 95, 98, 2000 and NT platforms. Cyco's AutoManager products boasts an installed base of more than 250,000 users and 20,000 companies managing over 200 million documents all over the world.

http://www.cyco.com 

 

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