|Thursday, July 23, 1998||< Prev||Next >|
SEATTLE, July 23 /PRNewswire/ — Visio Corp. (Nasdaq: VSIO) today announced that the first three months of sales for its new Microsoft Windows-based CAD product, IntelliCAD® 98 by Visio, have exceeded company expectations. A vendor of drawing and diagramming tools for the entire enterprise, Visio has sold nearly 12,000 IntelliCAD 98 licenses during the June 1998 quarter, producing over $3 million in gross revenue. IntelliCAD's early sales volume demonstrates an impressive initial acceptance for a new technical software product, driven largely by the product's unparalleled compatibility with Autodesk AutoCAD files, commands and applications, along with a special introductory price of $349 (U.S.). Visio anticipates that the early data regarding IntelliCAD sales, coupled with a new IntelliCAD service pack and a special technical support promotion, will translate into a firm and growing foothold in the PC CAD marketplace.
"Visio is enjoying a greater level of corporate trial and adoption than we anticipated by this point in the product's life span, coupled with excellent retail sell-through," said John Forbes, vice president and general manager, technical products at Visio. "This indicates that over the past three months, we've created a high level of awareness and helped our customers test the product and evaluate how it fits within their CAD environments. Visio has also successfully demonstrated IntelliCAD's unprecedented compatibility with AutoCAD, which will enable its widespread adoption in production applications."
"My company initially believed that IntelliCAD would help us extend our drafting tools onto the desktops of occasional or casual users," said Michael Byrne, IT manager at Kuala Lumpur, Malaysia-based T&T Konsult. "After using IntelliCAD 98 for over two months, we found that it served the needs of our 'power' users as well. IntelliCAD 98 is an excellent complement to our AutoCAD seats, providing necessary compatibility without crippling our CAD customization capabilities."
Visio also announced the immediate availability of its latest update to IntelliCAD 98, known as the Release 1.0b service pack. Available for download today at http://www.visio.com/support/icad/updates.html, this free service pack contains performance enhancements, bug fixes and new features. Visio developed the specific new features and improvements in IntelliCAD 98 Release 1.0b by prioritizing the volume of feedback provided by IntelliCAD users. Based on customer comments collected by Visio technical support personnel, as well as by electronic postings on the IntelliCAD Digital Roundtable ( http://www.visio.com/products/intellicad/sig/ ), IntelliCAD 98 Release 1.0b addresses the following areas:
Affirming IntelliCAD's tight 32-bit Windows integration and complete ActiveX functionality, the Microsoft-authorized testing firm Veritest Inc. has certified IntelliCAD 98 Release 1.0b as fully Windows 98 Logo-compliant.
"Visio gets as close as possible to our CAD customers, listening to their concerns and quickly acting upon the new features they've requested," Forbes said. "Only four months after the initial release, Visio has made dramatic enhancements to IntelliCAD based on user needs. We're going to continue this cycle of rapidly and continually improving the product based on that user input, widening the superior value proposition that IntelliCAD offers."
With the announcement of IntelliCAD 98 Release 1.0b, Visio has also extended its free end-user technical support period for all registered IntelliCAD customers. Routinely offered for 30 days from the date of the first support call, free technical support is now available to IntelliCAD customers in the United States, Canada, Europe and Australia through the end of 1998. Visio is offering this free technical support to encourage trial users of IntelliCAD to fully explore potential integration, training and mixed platform environment issues with the professional assistance of Visio support engineers. With free unlimited technical support through the end of 1998 and a 60-day money back guarantee†, even more prospective IntelliCAD users can now fully evaluate IntelliCAD risk-free. Visio offers technical support for registered customers by telephone, fax and online access (United States and Canada only).
"It's been Visio's experience so far that many companies initially purchased a few licenses of IntelliCAD, then distributed them to their CAD power users for evaluation," Forbes said. "By offering free support through the end of 1998, Visio helps those evaluators completely and thoroughly test-drive the program and get immediate professional help with any issues that may arise. By facilitating the evaluation process, Visio is confident that our customers will deploy IntelliCAD to those drafters and adjacent users that lack a dedicated or authorized seat of AutoCAD, and thus leverage their present CAD investment in a cost-effective fashion."
For more information about IntelliCAD 98, customers can visit the IntelliCAD Web site at http://www.visio.com/intellicad/. For more information about Visio Corp. and its other products, customers can contact Visio at 800-24-VISIO (248-4746), ext. 93W, or visit the company's Web site at http://www.visio.com/.
Visio Corp. is the leading supplier of enterprisewide business diagramming and technical drawing software, with an installed base of over 2 million users worldwide. Founded in September 1990, the Seattle-based company pioneered the drawing and diagramming software market with the release of Visio® 1.0 in November 1992 and has since released additional Windows-based graphics applications that offer users a unique and effective way to communicate and work. Visio's powerful product line is becoming a worldwide standard for graphical solutions in business, with the support of partner programs and third-party relationships in key market segments. Visio products are available in as many as 11 language versions and are sold in more than 40 countries.
† Money back guarantee available in Belgium, Canada, Denmark, Finland, Greenland, Iceland, Ireland, Luxembourg, the Netherlands, Norway, South Africa, Sweden, the United Kingdom and the United States.
This press release (including the quoted language above, the company's growth in the PC CAD market and the reference to establishment of Visio as a desktop platform standard) contains forward-looking statements. There are certain important factors that could cause actual 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, the company's ability to manage growth and integrate acquired technology, potential changes in licensing and marketing methods, and changes in general economic conditions. Additional information concerning these and other risks is described in the section titled "Certain Risk Factors That May Impact Future Results of Operations" contained in the company's annual report on Form 10-K for the fiscal year that ended Sept. 30, 1997, and, from time to time, in other reports filed by the company with the Securities and Exchange Commission.
NOTE: Visio, IntelliCAD and Drawing Explorer are either trademarks or registered trademarks of Visio Corp. in the United States and/or other countries. All other trademarks, trade names or company names referenced herein are used for identification only and are the property of their respective owners.
NOTE TO EDITORS: Members of the media: Visio's news releases and other relevant materials can be retrieved from Visio's virtual pressroom at http://www.visio.com/pressroom/. To be notified via e-mail of breaking Visio news, send e-mail to Visionews@wagged.com with your e-mail address in the body of the message.
SOURCE Visio Corp.
/CONTACT: Rob Curran of Waggener Edstrom, 503-245-0905, or firstname.lastname@example.org, for Visio Corp./
/Web site: http://www.visio.com/
CO: Visio Corp. ST: Washington IN: CPR MLM SU: PDT
MP-DM — SFTH021 — 4439 07/23/98 09:01 EDT http://www.prnewswire.com