Large Insurer Renews Three-Year Agreement with ANTs Subsidiary Inventa Technologies
Business Editors/Technology Editors
BURLINGAME, Calif.--(BUSINESS WIRE)--November 5, 2008--ANTs software inc. (OTCBB:ANTS), a leader in database consolidation solutions, today announced that one of the largest insurers in the US has renewed a multi-year, $700,000 contract, with Inventa Technologies, Inc., a wholly-owned subsidiary of ANTs Software, to better manage the health and performance of the customer’s IT infrastructure.
The insurer has been a client since 2000 and is using ESM Integrator TM, Inventa’s innovative software portal, to capture and integrate performance metrics giving the client the ability to visualize and better understand the data sources residing within their environment.
The contract for Inventa’s Visualization Service is delivered completely as a software service and includes 7x24 data collection and processing, report design, development and maintenance and hosting of the ESM Integrator environment. The customer simply accesses their data in the form of pre-developed report bundles.
“We look forward to continuing our relationship with our customer as our distinctive value proposition provides them with the ability to manage IT costs and optimize IT infrastructures,” noted Joseph Kozak, Chairman and CEO of ANTs Software. “As one of Inventa’s larger and long-standing clients, we view this contract renewal as affirmation of the excellence and consistency of Inventa’s services and the ESM Integrator product. Inventa is an important revenue generating entity that is succeeding in an economic climate where other consulting firms fail and that is helping us to grow our ANTs Compatibility Server business.”
About Inventa
Acquired by ANTs software, inc. in May 2008, Inventa Technologies is a Managed Service Provider (MSP) with a driving focus to help customers maximize the effectiveness of their current IT infrastructure to support their business initiatives. By combining diverse technologies with years of in-depth experience, Inventa has optimized the availability and performance of many large and complex applications across a diverse customer base through a unique range of services. For more information visit www.inventa.com.
About ANTs software inc.
ANTs software inc. is revolutionizing and simplifying database consolidation and IT modernization. Our mission is to help customers efficiently use IT resources and drive down IT operating costs by consolidating hardware and software infrastructure. For more information visit www.ants.com.
This press release is neither an offer to sell, nor a solicitation of offers to purchase securities. This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning financial projections, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future performance, are sometimes identified by words of condition such as “should,” “could,” “expects,” “may,” or “intends,” and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Further information concerning risks is included in ANTs software inc.’s (the “Company’s”) filings with the Securities and Exchange Commission, including the Company’s most recent Quarterly Report on Form 10Q for the fiscal quarter ended June 30, 2008. The Company undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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