The 724 Solutions Wireless Internet Platform Wins Crossroads 2001 A-List Award
Open Systems Advisors, Inc. selects Wireless Internet Platform as leading product for Strategic Appliances and Platforms for Mobile Access
Phoenix, AZ (March 19, 2001) - 724 Solutions Inc. (NASDAQ:SVNX; TSE:SVN) today reported that the 724 Solutions Wireless Internet Platform has been selected as a Crossroads A-List Award winner in the Wireless Internet Platform for Financial Services category. The Crossroads A-List Awards are given by Open Systems Advisors, Inc. (OSA) to honor proven products and services that meet today's critical business challenges in the enterprise. As an award recipient, 724 Solutions will be exhibiting at the Crossroads 2001 conference along with customer J.P. Morgan Chase (NYSE:JPM), a premier global financial services firm with assets in excess of $705 billion and operations in over 60 countries.
In selecting the Wireless Internet Platform, OSA conducted extensive interviews of multiple 724 Solutions customers regarding their use of the product and found that large financial services institutions are using the technology to help gain market share by creating wireless channels that better personalize the customer relationship. These companies have recognized the need to offer wireless banking and brokerage capabilities, such as bill payments, money transfers and stock trades, through a secure and proven method. OSA recognized 724 Solutions for developing and implementing an effective technology; demonstrating the use of the product within the enterprise and establishing a track record for deploying the Wireless Internet Platform to large and/or rapidly growing businesses and trading communities.
"Receiving this award is validation that the 724 Solutions Wireless Internet Platform is meeting the demands of our customers to provide a highly secure, scalable solution for the wireless market," said Peter Klante, general manager of 724 Solutions' Platform Business Unit. "Our Wireless Internet Platform allows companies to significantly decrease the frustrations that customers experience when facing the limitations of smaller wireless devices - tiny buttons and little screens - to conduct wireless transactions. Through voice activation and personalization features, our customers can offer millions of end users an easy and flexible wireless transaction experience."
About the 724 Solutions Wireless Internet Platform
The Wireless Internet Platform is a robust foundation for building mobile commerce services that can support up to 10 million users simultaneously. The platform enables very secure transactions and a direct relationship between business and customer without interruption from a third-party portal. This relationship, combined with features such as voice recognition and authentication, proactive messaging and content conversion, gives companies the ability to send, transform and personalize content to end-users via a variety of mobile devices, such as digital mobile phones, pagers and personal digital assistants, including support for the entire family of Palm Computing, Research in Motion (RIM) and PocketPC devices. The ability to control the content delivered to its customers' wireless devices helps enable businesses to build and maintain strong customer relationships. In addition, 724 Solutions' technology features multiple protocol support (Wireless Application Protocol, Short Message Service, SMTP and HTTP) as well as gateways for integration with back-end applications and data sources. It also addresses the most critical requirements for high-volume wireless Internet transactions: scalability, availability, transaction integrity and security.
About the Crossroads A-List Awards
The Crossroads A-List Awards clearly outline the business benefits, concisely summarize the technology differentiators, validate solutions with real customer experiences and provide a basis for informed dialogue between business and technology partners.
The Crossroads A-List Awards focus on enterprise computing, the integrated system supporting the business process from the supply chain through the back office all the way to customer interaction. Winners are determined after a detailed review of the vendors' products or services and strategies. In-depth, confidential interviews with experienced customers are the cornerstone of the judgment process.
Eighth Annual Crossroads Conference
Winners of the Crossroads 2001 A-List Awards and their customers will be recognized at the Crossroads Conference to be held March 18-21, 2001 at the Wigwam Resort in Phoenix, Ariz. Additional information on the conference can be obtained by contacting Meleena Erikson at 617.859.0859 or merikson@crossroads-osa.com
About Open Systems Advisors, Inc. and the Crossroads Research Program
Founded in 1989, Open Systems Advisors, Inc. (OSA) provides a real-world perspective on using new technology in business. OSA's research is based on an ongoing and in-depth dialogue with hundreds of seasoned IT executives and business leaders who are using emerging technologies to achieve business results. OSA reports the Crossroads Decisions, confers the Crossroads A-List Awards and produces the Crossroads Conferences. For additional information, visit www.crossroads-osa.com.
About 724 Solutions Inc.
724 Solutions Inc. is a leading global provider of Internet infrastructure software that enables the delivery of secure mobile transaction solutions across a wide range of Internet-enabled devices. The 724 Solutions suite of products and services enables companies to monetize the Internet by building, deploying and integrating personalized and secure mobile commerce and lifestyle applications. The company also offers end-to-end customer support through its global hosting and contact center services. 724 Solutions' customers have a combined customer base totaling more than 270 million consumers worldwide. With dual headquarters in Toronto, Canada, and Austin, Texas, the company has development and sales offices around the world, including Australia, Barbados, Finland, France, Germany, Japan, the Netherlands, Switzerland, the United Kingdom and the United States. 724 Solutions' common shares are listed on the NASDAQ National Market (SVNX) and The Toronto Stock Exchange (SVN). For additional information, visit www.724.com.
For more information, contact:
Avichai Levy, VP Marketing Mobixell Networks
Tel: +972 544 666 785
Avichai.levy@mobixell.com
Kirsten Scott and Kim Smith, éclat Marketing
Tel: +44 (0)1276 486000
mobixell@eclat.co.uk
