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Delano Forms Joint Venture with Minerva Nordic; Expands European Operations into Scandinavian Markets
Delano Minerva A/S delivers Delano e-business solution to enterprises in burgeoning e-business markets
TORONTO---August 14, 2000---Delano Technology Corporation (NASDAQ: DTEC), a leading provider of interaction-based e-business solutions for the enterprise, today announced a joint venture with Minerva Nordic, the parent company for Minerva operating in Denmark, Norway and Sweden. Under the terms of the agreement, the companies have established Delano Minerva A/S, a venture focused on expanding Delano’s operations and providing enterprises in Nordic regions with Delano’s e-business solution, which includes an e-business platform and eCRM application suite. Delano Minerva A/S is initially focusing on enterprise customers in Denmark and Sweden, followed by Norway and Finland.Immediate Integration of Technology, Marketing and Support Yields Opportunities
Minerva brings to the relationship a solid infrastructure as a leading software sales, marketing and services organization in the Nordic manufacturing market. Minerva’s current customers include some of the world’s largest multinational companies among electronics, medical, food and healthcare manufacturers. In the relationship, Minerva is acting as a full-service channel partner, systems integrator and marketing services organization for Delano. Delano Minerva A/S is pursuing sales opportunities, and providing full-scale marketing, business development, implementation and support of the entire Delano solution. Through the relationship, Delano is continuing to execute in line with its global expansion program and European reach. Full-scale operations of Delano Minerva A/S are underway, with twelve employees based in Sweden and Denmark.
“We are very pleased to be working with Minerva, a recognized leader with an impeccable track record of success,” said John Foresi, president and CEO of Delano. “By leveraging Minerva’s existing customer base, experienced sales and marketing resources, and critical insight into the marketplace, Delano Minerva A/S is poised to very quickly expand and make an impact in the Nordic regions.”
According to a recent Andersen Consulting survey, the Nordic countries - Denmark, Finland, Norway and Sweden - are still the most developed e-business markets in Europe. The report also sites that Nordic countries are the pacesetters for Europe, with significantly more optimism about their future use of e-business than the rest of the continent. The survey also stated that Nordic organizations are also clearer on the strategic impact of e-business on their businesses. They generally see the impact of e-business in terms of increasing competition, new revenue sources for existing industries, new geographical markets and new products, as well as in the development of new relationships with their customers’ customers and their suppliers’ suppliers, with significant impact on intermediaries.
“Our mission is to help enterprises solve their business problems. Through our partnership with Delano, companies will have access to a superior e-business solution that eliminates lengthy development cycles. They will also reduce total cost of ownership by leveraging existing platforms, legacy ERP systems and processes to support new e-business applications,” said Asger Thierry, founder and managing director of Minerva Nordic. “Nordic companies are demanding powerful solutions to help them achieve and maintain a competitive advantage. Delano Minerva A/S will address that need, while quickly delivering measurable returns on investment.”
Joint Venture Under the Direction of Industry Veterans
Delano Minerva A/S will be under the joint leadership and management of Barry Yates, senior vice president of worldwide sales for Delano; Gary Boyce, Managing Director for Delano’s European operations; Asger Thierry, founder and managing director of Minerva Nordic; and, Peter Møller Sørensen, founder and operations director of Minerva Nordic.
About Delano Technology Corporation
Delano Technology Corporation is a leading provider of interaction-based e-business solutions that enable an enterprise to interact with its customers, partners, suppliers, and employees, for fast measurable results. Delano’s solution, which includes a robust e-business platform and fully integrated eCRM application suite, is powering some of today’s leading enterprises, including BCE Emergis, Charles Schwab Canada, Nortel Networks Clarify eBusiness Applications unit, Commerx (for PlasticsNet.Com), Ericsson, Harborfreight.com, Macromedia, and MSAS Global Logistics. Headquartered in Toronto, Ontario, Delano has offices in New York, Chicago, Boston, Los Angeles, Atlanta, Dallas, San Francisco and London, England. Delano can be reached at 905-764-5499 or on the Web at www.delanotech.com.
About Minerva Nordic
Minerva Nordic is a customer-focused organization specializing in providing multinational manufacturing and distribution companies in the medical, electronic and process-oriented sectors with greater efficiency, control and productivity. Formed in 1995, Minerva is a 100% self financed organization that in average has grown 100% per year. Turnover exceeds US$10 million with a pre tax profit of US$1 million. Minerva received the ‘QAD Support Partner of the Year’ award in 1998, and became the largest QAD distributor in Europe in 1999. For additional information, contact Minerva, Tel: +45 86 78 27 00; Fax: +45 86 78 27 20; www.minerva.dk.
Delano, Customer Velocity, and the e-Business Interaction Suite are trademarks of Delano Technology International SRL. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies.
Forward-looking statements in this press release, including statements relating to the anticipated benefits from the relationship with Minerva Holdings or Delano Minerva A/S, are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to rapid technological change and increased levels of competition within our industry, our ability to manage growth, continued acceptance of our products, intellectual property rights and other risks detailed from time to time in our filings with the United States Securities and Exchange Commission.
Editorial Contact:
Jennifer Bowcock
Alexander Ogilvy Public Relations
404-881-2379
jbowcock@alexanderogilvy.com
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