Press Release
- Date:
- Thursday, January 10, 2002
- Contact:
- David Peikin
- Phone:
- (301) 918-0818
- Email:
- G1@schwartz-pr.com
Systems Research & Development To OEM
Group 1 Software's CODE-1 Plus Address Data Quality Solution
With Accurate Customer Data, SRD Can Better Identify Relationships Among in Its Near Real-Time Data Warehousing Solution
Lanham, MD — Group 1 Software (Nasdaq: GSOF), a leading provider of CRM-enabling software solutions, today announced a strategic technology alliance with Systems Research & Development (SRD), a developer of strategic systems used for near real-time data warehousing and collusion detection. With the agreement, SRD will integrate and resell Group 1 Software's leading CODE-1 Plus address correction and verification software with its Near Real-Time Data Warehousing solution. By ensuring the accuracy of customer and prospect data before it is entered into a data warehouse, Group 1's data quality software will provide SRD's users reliable information to guide business and marketing decisions.
Group 1's CODE-1 Plus cleanses, validates and standardizes every element of an address according to United States Postal Service (USPS) standards. Address information is one of the most common data elements collected and used by companies, but also one of the most problematic due to variables such as apartment/suite numbers, post office boxes and directionals. SRD can quickly process large quantities of data through its powerful data quality enhancement and match/merge technology after cleansing address information. This information is subsequently loaded in near real-time into a data warehouse. SRD's data warehousing product is superior to typical batch update-oriented data warehousing solutions because it processes incoming data continuously from numerous, often different, operational system data sources, and then delivers results to data marts within seconds.
"Group 1's industry-leading software is a powerful addition to our data warehousing solution, and we are pleased to establish this relationship," said Jeff Jonas, president and founder, SRD.
"We're delighted to partner with SRD to provide a reliable address data quality solution to users of their innovative technology," said Bob Bowen, CEO of Group 1 Software. "Without a foundation of accurate customer data, enterprise applications such as data warehouses offer much less than their potential return on investment."
About Group 1 Software Group 1 Software (Nasdaq: GSOF) is a leading provider of customer relationship management (CRM)-enabling software solutions for data quality, marketing automation, customer communications management and direct marketing applications. Group 1's software systems and services enable 2,500 customers worldwide to market smarter by helping them find, reach and keep customers. Founded in 1982 and headquartered in Lanham, Maryland, Group 1's solutions are utilized by leaders in the financial services, banking, retail, telecommunications, utilities, e-commerce, and insurance industries. The company's customer base includes such recognized names as AT&T, Charles Schwab, Entergy, GEICO, L.L. Bean, and Wal-Mart. For more information about Group 1, visit the company's Web site at http://www.g1.com.
About Systems Research & Development Systems Research & Development (SRD), with headquarters in Las Vegas, develops, sells and supports strategic enterprise software solutions. SRD has near real-time data warehousing products that support organizations requiring a warehouse that remains current within seconds of operational systems and provides 7x24 availability in support of CRM, real-time personalization, and business intelligence initiatives. SRD is also the creator of Non-Obvious Relationship Awareness™ (NORA™) technology, which enables companies to perform near real time analysis of their customers, employees, vendors, etc., against lists of known criminals, including terrorists, to detect relationships of potential concern. For more information, visit www.srdnet.com.