Articles
Striata and InteliData Form Strategic Alliance to Market the Striata eBilling Suite - ( Aug 2004 )
InteliData Technologies Corp. (Nasdaq: INTD), and Striata today announced their agreement to jointly market Striata's
eBilling Suite and services into their respective markets under a revenue sharing agreement. Under the terms of the
agreement, Striata will provide its worldclass secure Electronic Bill Presentment services, and InteliData will
provide its Financial Services industry leadership and leading bill payment technology, resulting in an end-to-end
solution that can be deployed in-house or in an ASP environment.
"This joint marketing agreement represents a significant opportunity for both companies," said Al Dominick,
InteliData's Chairman and CEO. "Financial Services providers will now have quick, easy and cost-effective
access to an internationally proven solution that offers complete delivery of electronic Bills via email or
website, so their customers can receive and pay bills completely electronically."
"We are very excited about this partnership with InteliData; it brings together two companies with a shared
vision of cost effective, convenient presentment & payment solutions for billers and banks alike," says
Garin Toren, COO & head of Striata, North America. "The Striata Application Platform takes eBilling
to the next level of convenience, allowing billers to securely deliver an encrypted eBill directly into
the consumer's inbox. By adding the payment element, the full EBPP loop is cost effectively closed. "
"Our partnership will provide financial services organizations access to direct secure connections to their
customers," Dominick concluded. "We also know that partnerships and collaboration between players in the
EBPP space is what it will take to move EBPP forward."
About InteliData
With over a decade of experience in the industry, InteliData provides Internet banking and Electronic Bill
Payment and Presentment (EBPP) technology and services to leading banks, credit unions, brokerage firms,
financial institution processors and credit card issuers. The Company develops and markets software products
that offer proven scalability, flexibility and security in supplying real-time, Internet-based services to
their customers. The Company also serves as an application service provider by providing Internet hosting.
Visit the company's Web site at www.intelidata.com.
About Striata
Striata is an application software developer and service provider focused on enabling secure electronic
communication. The Striata Application Platform provides highly flexible, robust and scalable products
deployable across multiple operating systems. Striata specializes in the secure delivery of Bills, Statements,
Invoices and Payslips via secure email. Striata has been a provider of software and services in the
electronic messaging arena since 1999 and has offices in New York, London, Sydney, Johannesburg and partner
offices in Dublin, Frankfurt, Atlanta, Washington DC and Honolulu. Visit www.striata.com
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward looking statements that are subject to risks and uncertainties, including, but
not limited to, our ability to continue funding operating losses, our ability to manage our expenses in line
with anticipated business levels, the ability of the Company to complete product implementations in required
time frames and the Company's ability to increase its recurring revenues and profits through its ASP business
model, the impact of competitive products, pricing pressure, product demand and market acceptance risks, pace
of consumer acceptance of home banking and reliance on the Company's bank clients to increase usage of
Internet banking by their customers, the effect of general economic conditions on the financial services
industry, mergers and acquisitions, risk of integration of the Company's technology by large software
companies, the ability of financial institution customers to implement applications in the anticipated time
frames or with the anticipated features, functionality or benefits, reliance on key strategic alliances and
newly emerging technologies, the ability of the Company to leverage its third party relationships into new
business opportunities in the EBPP market, the on-going viability of the mainframe marketplace and demand for
traditional mainframe products, the ability to attract and retain key employees, the availability of cash
for long-term growth, product obsolescence, ability to reduce product costs, fluctuations in operating results,
delays in development of highly complex products and other risks detailed from time to time in InteliData
filings with the Securities and Exchange Commission. These risks could cause the Company's actual results
to differ materially from those expressed in any forward looking statements made by, or on behalf of,
InteliData. InteliData is not under any obligation (and expressly disclaims an obligation to) update or
alter its forward-looking statements, whether as a result of new information or otherwise.
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Flexible
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