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RED OAK SOFTWARE SIGNS MATERIAL CONTRACT WITH A LEADING NORTH AMERICAN TELECOMMUNICATIONS COMPANY
MOUNTAIN LAKES, NJ, August 7, 2013
– Red Oak
Software, Inc.,a leader in Application Integration solutions, announced that it has entered into a material agreement
with a major North American telecommunications company. Revenue from the recently signed contract will be recognized in
the current and future quarters.
As with companies in most industries, telecommunications providers can gain a significant competitive edge by providing
superior customer service. The company sought a solution that would allow it to quickly develop new applications and improve
service to their customers while at the same time reducing operational costs. The agreement is a significant extension of a
contract in place since 2007 for the use of Red Oak's Legacy Integrator suite of products.
In implementing Legacy Integrator, the company has deployed numerous enterprise-class solutions over the years that
automate the rapid development and deployment of legacy transactions. This agreement further expands their use of an
industry-leading solution that has been delivering value for over a decade to some of the world's largest organizations.
The telecom company will be able to further simplify, automate and integrate customer processes. This will reduce costs
while providing better access to application functionality and the data needed to drive more profitable interactions while
delivering a superior customer experience.
"In addition to our integration solutions for healthcare, insurance and financial services, we continue to see significant
interest from the telecommunications sector," said George Cummings, CEO of Red Oak. "This is a substantial contract with an
industry leader that follows similar investments in our technology by other large telecom providers. This industry vertical
has a strong focus on enhancing the customer experience, improving overall customer service and increasing selling opportunities.
All of these are goals can be successfully reached utilizing Red Oak solutions and expertise."
About Red Oak Software, Inc.
Founded in 1999, Red Oak has focused on creating leading edge Transaction Integration™ solutions for production legacy and
web application systems. Each of Red Oak's enterprise-level products includes an SDK or Workbench and a Runtime Server that enables
all legacy and web applications to be integrated seamlessly with any major enterprise system. These products also provide fast,
efficient programmatic connectivity to all key middleware.
Red Oak designs, develops and supports this portfolio of server-based integration solutions
under the umbrella of their Application Integration Framework. Their current AIF™ products
Leading industry analysts refer to this high value application integration market segment as
Programmatic Integration. These highly scalable, efficient and non-invasive solutions can
be integrated with a myriad of other enterprise application systems.
Red Oak is a privately-held corporation, financed through venture
capital from Opticality Ventures of New York. The company is
headquartered in Mountain Lakes, New Jersey with corporate offices in
Rochester, New York.. Additional information is available at: Red Oak Software, Inc.,
115 Route 46, Suite F1000, Mountain Lakes, New Jersey 07046; Phone: 973-316-6064;
email: firstname.lastname@example.org; or at the Web
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