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TORONTO, July 11 /PRNewswire/ -- Xenos Group Inc. (Toronto: XNS), a leading provider of solutions that capture, transform, transport and present electronic data and documents, announced today that Transite Technology, Inc., of Raleigh, North Carolina, has purchased Xenos terminalONE software to automate electronic transactions throughout its business and to the company's customers and their trading partners. terminalONE is an end-to-end transaction gateway solution that expedites business transactions over the Internet and across disparate platforms.
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TORONTO, July 11 /PRNewswire/ -- Xenos Group Inc. (Toronto: XNS), a leading provider of solutions that capture, transform, transport and present electronic data and documents, announced today that Transite Technology, Inc., of Raleigh, North Carolina, has purchased Xenos terminalONE software to automate electronic transactions throughout its business and to the company's customers and their trading partners. terminalONE is an end-to-end transaction gateway solution that expedites business transactions over the Internet and across disparate platforms. terminalONE enables real time straight through processing (STP) of transaction data over IP networks. As an entirely new approach to transaction processing, terminalONE's STP/IP technology delivers seamless, automated, secure and reliable transaction processing between disparate systems at a considerably lower cost than EDI systems. Transite Technology provides companies with logistics technology that allows them to dramatically lower their transportation costs through automated least cost carrier selection, visibility to shipments and electronic commerce with carriers. Founded in 2001, the company services large, best-of-breed manufacturers and is a recognized leader in supply chain transportation technology. Transite Technology will utilize terminalONE to manage the hundreds of thousands of transactions that its customers complete each week. These include bills of lading, shipment status inquiries, freight invoices and payment remittances. Transite Technology's products are recognized as easy to deploy and highly cost-effective. The company required a transaction engine that would fit well with its products and allow them to continue to be cost-efficient. "As part of our mandate to enable our customers to manage their transportation better, we need to deliver high visibility, and we have to conform to a huge variety of formats to make it easy for our customers to use our products," said Geoff Comrie, CEO of Transite Technology. "We have to be extraordinarily flexible, and terminalONE gives us this ability. At the same time, deploying a new electronic transaction engine can't take us away from our core business. terminalONE should be operational within 90 days." Transite Technology chose terminalONE in part because of the product's architecture. As a J2EE solution that is platform independent, terminalONE allows Transite Technology to run the engine on Linux, reducing the platform cost and simplifying the operating environment. terminalONE also features robust mapping capabilities and flexible error handling and resolution. terminalONE manages electronic transactions for some of the largest and busiest port systems in the world and manages data and document transactions for the national healthcare system of Norway. terminalONE integrates closely with shipping logistics leader NAVIS, as well as other transportation technologies. About Xenos Xenos (Toronto: XNS) is a leading global provider of high-performance software solutions that automate the processing and delivery of data and documents. Xenos solutions enable organizations to reduce costs and increase organizational efficiency, agility and accountability by streamlining and simplifying the transformation and repurposing of data and documents into actionable business information, without re-engineering legacy applications. Xenos solutions are embraced worldwide across a wide variety of industries including financial services, insurance, healthcare, telecommunications, manufacturing, logistics, transportation, retail and government sectors. Many Xenos customers are among the FORTUNE 1000 or Global 500 leaders. Xenos has offices in Canada, the United States, the United Kingdom and France and sells and supports its solutions through a global network of resellers and partners. Xenos trades on the Toronto Stock Exchange under the trading symbol 'XNS.' For more information, visit http://www.xenos.com. |
