GlobalWise Provides Shareholder Update and Reports International Expansion to Latin America
(Marketwire Via Acquire Media NewsEdge) COLUMBUS, OH -- (Marketwire) -- 05/03/12 --
GlobalWise Investments, Inc. (OTCBB: GWIV) (OTCQB: GWIV) (www.GlobalWiseInvestments.com) and its wholly owned subsidiary Intellinetics, Inc., a leading-edge technology company focused on the design, implementation and management of cloud-based Enterprise Content Management ("ECM") systems in both the public and private sectors, today provide an update to shareholders as well as announce global expansion to Latin America.
The management of GlobalWise thought it appropriate at this time to update shareholders on the Company's recent accomplishments, and the competitive advantages of its technology and the successes the Company is having in developing a strong partner/reseller network.
GlobalWise is a leading-edge technology company focused on the rapidly growing Enterprise Content Management (ECM) industry, which Gartner predicts will exceed $5.7 billion by 2014 with a compound annual growth rate of 10.1%. Through its cloud-based Intellivue™ ECM product line and unique Channel / OEM distribution model, Intellinetics, a wholly owned subsidiary of GlobalWise, is well positioned to dominate in the underserved small-to-mid sized business ECM marketplace.
Intellivue™, the company's flagship platform, offers substantial savings to any size organization in virtually any industry by offering them immediate access to all of their structured and unstructured (i.e. Word documents, JPEGs, Images, Audio Files, Video Files, Email w/ Attachments, Fax, Hard-copy documents, etc.) corporate information securely, at their desktop or mobile devices (i.e. iPad or iPhone technologies) via the Web. Utilizing this system flexibility, Intellivue™ has seen great success in the following target vertical markets by building 'on-demand' process solution templates that are pre-configured with 90% 'best-practice' for immediate economic and improved operational impact by enabling 'quicker-time-to-value' and increased client adoption; they include:
Accounts Payable Automotive Dealership Education K-12 Financial Services Healthcare Higher Education Human Resources Law Enforcement Corrections Legal Manufacturing Distribution Public Sector Retail Special Education
Through these solution templates, the Intellinetics platform defines a new industry benchmark and game-changing approach by combining advanced virtualization and automated content management with an open and service-oriented architecture using Web services. The Company provides strategies, tactics and technologies to manage paper and digital assets from capture to long-term archive, without the need for manual processes conducted by a full-time employee. In short, the Company offers process efficiencies on their Intellivue™ ECM platform versus selling features and functions of ECM technologies.
IBM Market Insights predicts adoption of cloud computing to grow by 26% CAGR between 2010 and 2013.
The Company's ECM service is delivered to customers via five unique delivery models that cover the full spectrum of business needs: Cloud/SaaS (Software as a Service); Hardware Vendor Integrated Service; Software Vendor Integrated Service; Premise (Client-Server); and Hybrid (Premise & Cloud/SaaS). This diversity provides advanced security and privacy features with an on-demand structure for businesses in the large, underserved small-to-mid sized business markets.
About the Company's Channel Partners
Each successful channel partner will add to the revenue of the Company without a significant increase in fixed expenses. While revenue from each successful partner will vary from $50,000 to $900,000 annually, the average channel partner is expected to grow annual revenue by $150,000 - $200,000.
GlobalWise added 14 new channel partner agreements throughout 2011 and expects the growth of its reseller program to accelerate substantially in 2012. By implementing a channel sales model with strategic partners who are already selling software solutions into an established and trusted client base with strategic target markets, the Company is now able to rapidly access a much larger universe of potential clients. The Company anticipates that new channel partnerships will drive triple-digit growth for the next several years.
On April 25, 2012, the company signed its first global expansion partner, SOIN Integrales (www.soin.co.cr), which is headquartered out of Costa Rica. SOIN is a 20+year integrator with a core practice of reselling SAP, Oracle and Sybase ERP systems in both the public and private sectors. Intellinetics will be their only exclusive ECM offering to Latin America. The initial Intellivue™ solution and product launch will start initially in Mexico, Costa Rica, Panama, El Salvador and Nicaragua.
In addition, the Company has signed multiple agreements recently, including:
March 6, 2012 - GlobalWise Announces Channel Sales Partnership With Primary Solutions
Primary Solutions (www.primarysolutions.net) provides software products and services for private and governmental markets within the developmentally disabled community in Ohio. Founded in 1998, Primary Solutions provides its software products to over 330 private agencies and governmental entities.
March 27, 2012 - GlobalWise Announces Channel Sales Partnership With B2B Computer Products
B2B Computer Products, LLC (www.b2bcomp.com) is a national business-to-business value-added reseller and service provider of computer hardware and software with over 35 distribution centers throughout the US. They are a client-focused technology provider with proven experience in design, product recommendation and implementation of complex multi-vendor IT solutions. The partnership with Intellinetics will allow B2B Computer to add the cloud-based Intellivue™ ECM software to its vast array of service offerings and better serve its roster of over 24,000 clients. The company is consistently named as one of the fastest-growing private companies in the U.S. by Inc. magazine. B2B Computer grew 534.2% from 2005 to 2010.
April 3, 2012 - GlobalWise Announces Channel Sales Partnership With ImageSoft
ImageSoft (www.imagesoftinc.com) provides innovative content management solutions that enable organizations to operate more efficiently and effectively. Founded in 1996, ImageSoft provides high-end ECM software products to serve state and county governments, insurance, healthcare, court systems and educational institutions. ImageSoft has ECM clients within the United States, Canada and Mexico. Since 2000 ImageSoft, Inc. has been a Platinum partner of one of Gartner Magic Quadrant's top ECM companies. The company has been named one of Inc. magazine's fastest growing private companies for the last four years and was named one of the top 50 small and mid-sized organizations to work for in 2011.
April 10, 2012 - GlobalWise Joins the Center for Digital Education to Expand K-12 Educational Services
GlobalWise announced membership with the Center for Digital Education (www.centerdigitaled.com) to expand scope of service offerings with kindergarten through 12th (K-12) grade educational solutions. The Center for Digital Education (CDE) is a national research and advisory institute specializing in K-12 and higher education technology trends, policy and funding. Along with its research services, CDE issues white papers and conducts the annual Digital School Districts and Digital Community Colleges surveys and award programs as well as hosting events across the K-12 and higher education arena.
April 17, 2012 - GlobalWise Announces Channel Sales Partnership With FormFast, New Agreement Extends Company's Product Scope Into Healthcare Organizations
Since 1992, FormFast (www.formfast.com) has been the recognized leader in e-forms software that has enabled healthcare organizations to achieve significant process improvement across the enterprise. With custom workflow solutions ranging from HR, contract management, risk management and compliance, FormFast is the top-ranked workflow provider for over 950 high performance hospitals in achieving their goal of being paperless. Among the 950 hospitals the company serves internationally are the Cleveland Clinic, the Mayo Health Organization, the Hospital Corporation of America and the University of Maryland Medical System. For a more complete client list: http://www.formfast.com/Client-List.
FormFast alone represents up to $51 million in potential sales for GWIV. While 100% market penetration into Form Fast's client base is not expected, this will likely be one of GlobalWise's key revenue drivers moving forward.
May 2, 2012 - GlobalWise Announces Channel Sales Partnership With the eVero Corporation, Partnership Expands GlobalWise Sales Opportunities Within the Health and Human Services Industries
The eVero Corporation (www.evero.com) has been an information technology (IT) solutions provider exclusively to the Health and Human Services marketplace for over a decade. Their clients include government agencies, health care institutions, medical billing companies and large health service organizations that focus on developmentally disabled patients. The eVero objective is to provide their clients with the ability to obtain the same level of technology solutions that Fortune 500 companies receive, but at a fraction of the cost. eVero's products and services automate core functionality allowing among other functions:
A single record to be accessed by all members of the treatment team; Track providers and patients at multiple locations and record information about each visit; Allow a stand-alone electronic eligibility verification system for Medicaid.
In addition to Intellinetics, eVero partners are global companies that support the execution of eVero's Information Technology as a Service. They are considered "Best Of Breed" in their various industries.
GlobalWise anticipates signing many more of these agreements with domestic as well as international partners during the course of 2012 as it continues to position itself as a leader of the industry. The Company expects to deliver significant and consistent annual revenue growth each year for the foreseeable future as its experienced management team takes advantage of the significant opportunities that currently exist in the marketplace and continues to partner with the some of the largest and most successful companies in the industry.
About GlobalWise Investments, Inc.
GlobalWise Investments, Inc., via its wholly owned subsidiary Intellinetics, Inc., is a Columbus, Ohio based Enterprise Content Management (ECM) pioneer with industry-leading software that delivers cloud ECM based solutions on-demand. The Company's flagship platform, Intellivue™, represents a new industry benchmark and game-changing solution by enabling clients to access and manage the content of every scanned document, file, spreadsheet, email, photo, audio file or video tape - virtually anything that can be digitized - in their enterprise from any PC, laptop, tablet or smartphone from anywhere in the world.
For additional information, please visit the Company's corporate website: www.GlobalWiseInvestments.com
This press release may contain "forward-looking statements." Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot predict the effect that market conditions, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and factors described in our filings with the Securities and Exchange Commission may have on our results. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
GlobalWise Investments, Inc.
Mission Investor Relations
Source: GlobalWise Investments, Inc.
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