|Wednesday, April 17, 1996||< Prev||Next >|
SEATTLE, April 17 /PRNewswire/ — Visio today announced the signing of two agreements with SAP AG, including a joint development agreement and a licensing agreement. The joint development agreement formalizes both companies' plans to research how Visio® technology can be used as a graphical tool to display process models in the SAP® R/3™ system. The licensing agreement is for the development of a Visio-hosted process model visualization tool scheduled for release in the June quarter. This Visio-based solution is designed to benefit customers involved in SAP implementations, those contemplating implementation of an SAP software solution, and those interested in gaining SAP expertise and applying it to their company's process-engineering efforts. The R/3 system, SAP AG's market-leading client-server business application suite, provides an enterprisewide computing infrastructure by allowing the integration of data across departments and enabling consistent control of business processes throughout corporations.
"SAP AG's large and fast-growing installed base — which includes many of the world's largest and most prestigious companies — represents a significant opportunity to advance Visio as a strategic part of the enterprise," said Ted Johnson, Visio co-founder and vice president of worldwide products. "The escalation of our strategic development alliance with SAP AG is exciting, as we see great potential for Visio to become the standard graphics front end for bringing the process models in the SAP R/3 system to the Microsoft® Windows® desktop."
The joint development agreement includes a formal commitment of resources on behalf of both parties to explore the utility of Visio technology in the SAP R/3 system. The agreement contemplates the signing of a definitive license agreement before the end of 1996 regarding jointly developed products.
"Visio's powerful graphics engine, support of open standards, and advanced Windows technology, in addition to its recognized ease of use, impressed us as an intuitive instrument for users working with the R/3 Reference Model technology," said Dr. Peter Zencke, executive board member of SAP AG. "We are looking forward to identifying how Visio's technology may be more widely used with R/3 software."
Founded in 1972, SAP AG has grown to become one of the largest independent software companies in the world and is the market leader in standard business software applications. The company, which is headquartered in Walldorf, Germany, now employs more than 7,000 people. In addition to SAP AG in Walldorf, the company is globally represented by 28 subsidiaries and affiliates, four of which are in Germany, as well as by six SAP AG partner companies. Those 34 companies maintain offices in over 40 countries. With its standard systems, the R/2 system for mainframes and the R/3 system for client-server platforms, SAP AG serves more than 4,600 customers in over 50 countries.
Visio Corp. (Nasdaq: VSIO), a leading supplier of enterprisewide business diagramming and technical drawing software, was founded in September 1990. The Seattle-based company pioneered the drawing and diagramming market with the release of Visio 1.0 in November 1992. Since then, Visio has released additional Windows-based products for the creation, storage and exchange of drawings and diagrams throughout enterprises. The company markets the Visio product line in more than 26 countries throughout North America, South America, Europe and Asia.
This press release contains forward-looking statements. There are certain important factors that could cause results to differ materially from those anticipated by some of the statements made above. Among these are fluctuations in quarterly performance, dependence on other products including Microsoft Windows, competition in the business drawing and diagramming software market, timing and customer acceptance of new products, and changes in general economic conditions. Additional information concerning these and other risks is described in the "Risk Factors" section of the prospectus contained in the Registration Statement on Form S-1 filed by the Company on Sept. 15, 1995, and, from time to time, in the Company's Securities and Exchange Commission reports, which include the Report on Form 10-Q for the quarter ended Dec. 31, 1995. Actual results may differ materially.
Visio is a registered trademark of Visio Corp. SAP is a registered trademark and R/3 is a trademark of SAP AG. Microsoft, Windows and MSN are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries. CompuServe is a registered trademark of CompuServe Inc.
NOTE: If you are interested in viewing additional information on Visio Corp., please visit the Visio home page at http://www.visio.com/. Details about Visio are also available on CompuServe® and MSN™, The Microsoft Network.
/CONTACT: Megan Prentiss, 206-637-9097 or firstname.lastname@example.org, or Melissa Covelli, 206-637-9097 or email@example.com, both of Waggener Edstrom/
CO: Visio Corp.; SAP AG ST: Washington IN: CPR SU:
SS-KL — LAW039 — 8853 04/17/96 09:05 EDT