|Wednesday, July 2, 1997||< Prev||Next >|
DUBUQUE, Iowa, July 2 /PRNewswire/ — Eagle Point Software Corporation (Nasdaq: EGPT) announced today that it has joined the Business Partner Program with Visio Corporation (Nasdaq: VSIO). This partnership will allow Eagle Point to capitalize on Visio's Phoenix CAD technology platform, as well as leveraging Visio's domestic and international presence.
Visio's Phoenix technology provides industry leading file and application compatibility with Autodesk Inc.'s AutoCAD, such as employing .DWG as its native file format. This compatibility allows existing AutoCAD third-party applications to be quickly and easily ported to Visio Phoenix technology, thereby significantly leveraging Eagle Point's development efforts. Eagle Point has begun to port various modules of its civil engineering, surveying, architectural, landscape architecture and structural product lines to Visio's Phoenix CAD technology. Portions of these products were shown at the AEC Systems show held in Philadelphia, Pa. from June 17-19.
"Phoenix CAD technology presents a compelling 'benefit to cost ratio' to the AEC marketplace. With an average selling price of $499, and possessing full featured CAD functionality and a no-compromise access to legacy data, we believe Visio could increase the size of the market that Eagle Point addresses," said Rod Blum, CEO of Eagle Point Software. Additionally Blum stated, "We see Visio as an addition to our current mix of Autodesk, MicroStation and stand-alone applications, rather than a replacement. Our mission is to have the best applications and support in our market space, regardless of the CAD engine chosen."
John Forbes, General Manager of the technical business unit at Visio said, "Eagle Point is a recognized leader in providing application software to the CAD marketplace. Visio Corporation will be working closely with Eagle Point to insure the timely availability of high quality Phoenix based applications to the CAD customer."
About Visio Corporation: Visio Corporation, a leading supplier of enterprise-wide 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 and has since released additional Windows-based products for the creation and exchange of drawings and diagrams in business. Visio's powerful product architecture, combined with partner programs and third-party relationships in key market segments, is establishing Visio as a desktop platform standard for the creation of graphical solutions. The company markets the Visio product line in nine languages and in more than 35 countries, with more than 1 million users throughout the world.
About Eagle Point Corporation: Founded in 1983, Eagle Point is a leading supplier of AEC application software, and offers over 80 modules in the following product families: Civil Engineering/Surveying, Hydrology/Hydraulics, Landscape Architecture/Environmental Planning, Building Design & Construction, and Structural Engineering. Eagle Point distributes and supports its products via a direct distribution channel in the United States and Canada and through a network of resellers and distributors internationally. Currently the Company has an installed base of more than 25,000 customers worldwide.
This news release contains forward-looking statements regarding Eagle Point's market place and Eagle Point's relationship with Visio that involve various risks and uncertainties that may cause actual results to vary from the forward-looking statements. Those risks and uncertainties include, but are not limited to: the ability for Eagle Point to leverage Visio's domestic and international presence, the ability for Eagle Point to leverage its development efforts to quickly and easily port applications to Visio's Phoenix technology, and the potential for the relationship with Visio to increase the size of Eagle Point's market place. In addition, other risks and uncertainties are detailed from time to time in reports filed by Eagle Point with the Securities and Exchange Commission, including the company's report on Form 1O-K for the year ended June 30, 1996 and Form 10-Q for the quarter ended March 31, 1997.
Call 800-678-6565, or outside the United States 319-556-8392 for a free product demonstration CD or visit Eagle Point's homepage at http://www.eaglepoint.com.
All company names and product names mentioned are the property of their respective owners.
SOURCE Eagle Point Software Corporation
/CONTACT: Dennis J. George, Chief Financial Officer of Eagle Point Software Corporation, 319-556-8392/
CO: Eagle Point Software Corporation; Visio Corporation ST: Iowa, Washington IN: CPR SU:
KG-KS — MNW018 — 8205 07/02/97 17:20 EDT http://www.prnewswire.com