PORTLAND, Ore. and REDMOND, Wash. — Oct. 23, 2001 — Corillian Corp. (NASDAQ: CORI), a leading global provider of eFinance solutions, and Microsoft Corp. (NASDAQ: MSFT) today announced they have signed a multi-year alliance agreement to deliver enterprise-class Internet banking solutions that enable financial organizations worldwide to revolutionize their customers’ banking experience, act nimbly in a quickly changing industry and dramatically improve their business processes.
The alliance spans technology development, marketing, sales and support of solutions based on Corillian’s Voyager 3.0 Internet banking platform; Microsoft® Windows® 2000 Server network operating system; and .NET, Microsoft’s platform for XML Web services. The .NET Platform comprises servers, services, clients and development tools for building, exposing and consuming XML Web services, enabling a personal, integrated Web delivered through smart devices.
“We’re excited to take our relationship with Microsoft to the next level,”
said Ted Spooner, CEO of Corillian.
“With aligned focus and resources we will be able to deliver best-in-class solutions for Internet banking, bill payment / presentment, account aggregation and other eFinance applications. We also will be able to take advantage of emerging Microsoft .NET technologies to help financial institutions worldwide make the shift to XML Web services to offer more efficient, richer and personalized financial transactions.”
“Corillian and Microsoft have enjoyed a very productive relationship in the eFinance space in recent years, with major customer successes like our retail Internet banking wins at Chase Manhattan Bank, BankOne and SunTrust,”
said Ralph Young, vice president of the enterprise sales and industry group at Microsoft.
“This agreement will enable us to build on that success to bring the most reliable, high-performance and leading-edge Internet banking solutions to financial institutions and their customers worldwide.”
Terms of the Alliance Agreement
Under the agreement, Corillian will lead with the Microsoft .NET Enterprise Server platform – including Windows 2000 Server and SQL Server™
2000 — as the preferred platform for the Corillian Voyager Internet banking solution. Microsoft will provide consulting services, support services and technical training to assist Corillian in the development of solutions using .NET technologies. Microsoft also will disclose future product and technology directions to Corillian so as to more closely align with new Microsoft product releases. This will ensure that Corillian can continue to deliver leading-edge Internet banking solutions to financial institutions that fully leverage Microsoft technologies.
Together, Corillian and Microsoft will collaborate to help financial institutions make the shift to XML Web services, the next generation of software that connects information, devices and people in a unified, personalized way. Corillian Voyager will take full advantage of the Microsoft .NET Platform to enable the creation and use of XML-based applications, processes, and Web sites as services that share and combine information and functionality with each other by design, on any platform or smart device, to provide tailored solutions for financial organizations and their individual customers. Using .NET products, the Voyager solution will allow financial organizations to connect business applications, systems and processes – internally or with those of customers and business partners – to improve operational efficiency and the ability to adapt and evolve quickly in a dynamic industry.
Corillian Voyager 3.0 runs on Windows 2000 Server and the .NET Enterprise Servers, including SQL Server 2000. Other elements of the .NET Platform that Corillian is adopting include the .NET Framework, an environment for building, deploying and running XML Web services and other applications; the Visual Studio® .NET programming environment built on the .NET Framework; clients such as Windows XP Embedded and Windows 2000 Professional for smart devices; and .NET services.
Other mutual commitments under the alliance agreement include providing an account manager and supporting team to manage the day-to-day relationship, ensuring mutual worldwide executive involvement, establishing a joint business plan, holding periodic business reviews, and putting in place an escalation path to resolve any customer issues. The alliance agreement also calls for the formalization of a ready-for-market joint Microsoft-Corillian enterprise Internet banking solution to offer to large financial institutions worldwide. Corillian and Microsoft also will more closely align development schedules and share technology and industry best practices. Financial terms were not disclosed.
About Corillian Voyager
Corillian Voyager is a high-performance platform that allows for the delivery of a wide range of financial services to customers via the Internet. Powered by Windows 2000 Server and Component Object Model (COM+), Voyager provides a direct link between a financial institution’s host system and its consumers, using Internet browsers, personal financial management software and internet-ready wireless devices. Voyager’s open architecture design allows an institution to quickly integrate emerging technologies, deploy the platform in-house or in a secure data center and provide a personalized portal to its customers.
Based in Oregon, and with international offices in Europe, Asia and Australia, Corillian Corporation is an award-winning provider of eFinance-enabling software for the financial services industry. Built on the Microsoft Windows 2000 platform, Corillian applications support Internet banking, bill delivery and payment, brokerage, customer relationship management, enhanced data aggregation, and small business transactions. Voyager can be deployed on-site at the financial firm or in the state-of-the-art Corillian Data Center. Corillian technology also enables Open Financial Exchange (OFX) access by finance management software packages such as Quicken® , QuickBooks® and Microsoft® Money. For more information about Corillian Corporation, visit our Web site at http://www.corillian.com .
Founded in 1975, Microsoft Corp. (Nasdaq
) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software — any time, any place and on any device.
Matters discussed in this release may include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. These statements include statements regarding Corillian’s ability to successfully develop products built upon Microsoft’s .NET Platform and the potential for financial institutions to shift to XML Web services. Factors that could cause actual results to differ include the risk that Corillian is not successful in developing reliable, scalable and feature-rich products on Microsoft’s .NET Platform, that Corillian’s newly developed products do not gain market acceptance, and that the relationship between Corillian and Microsoft does not result in increased sales of Corillian’s products or services. Other risks include those stated in Corillian’s reports and other documents filed from time to time with the Securities and Exchange Commission including its report on Form 10-Q for the quarter ended June 30, 2000.
Microsoft, Windows and Visual Studio are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.
Quicken and QuickBooks are registered trademarks of Intuit, Inc.
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