Preo Software Inc.
TSX VENTURE : PKM

Preo Software Inc.

February 06, 2012 09:30 ET

Preo Announces the Release of Printelligence™ v4

Makes user-level data cost effective on millions of in place devices

CALGARY, ALBERTA--(Marketwire - Feb. 6, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Today Preo Software Inc. (TSX VENTURE:PKM) released version 4 of its award winning cloud-based application designed to deliver the industry's strongest, most comprehensive managed print offering focusing on user-centric data.

Printelligence v4 will now be available in multiple product offerings to better meet the needs of target value segments. Several data-only products are now available for those requiring end-user data and reporting, but who wish to defer the decision to acquire the user notification/behavior change functionality until a later date.

An innovative business model is now available for partners who wish to bundle Printelligence into their cost-per-page MPS programs. Several partners have expressed interest in this new pricing model which allows Preo's extensive end-user data and reporting capability to be included in every cost-per-page contract, at price levels similar to current device-management software tools.

"We see an increased focus on end-user solutions and analytics, and Preo is a prominent player in this unique category," said Ed Crowley, CEO of Photizo Group, the leading analyst firm in the MPS market. "Anyone building a world class, large-scale MPS infrastructure needs to consider issues such as scalability, data access, remote management and ease of integration with other solutions. The new Preo offering addresses precisely these topics."

Key features and usability improvements include:

Industry Benchmarking – The industry's first baseline comparison of various user-centric print metrics measured against Preo's 1.2 million+ user database. An industry-first, this enables MPS providers and their customers to truly understand how their actual print practices compare with similar organizations.

Enhanced Reporting Engine – MPS providers can now choose from more than 100 date-range selectable reports that can be scheduled on a weekly, monthly or quarterly basis. Additionally, customers now have the ability to upload location and organizational data from third party systems, facilitating a deep understanding of print behavior in the way most organizations are accustomed to making decisions – by physical site and organizational unit.

Enhanced User Notification Engine – Revolutionizes the User-notification (Rules) Engine such that 40+ fresh, accurate and relevant messages educate the user on how to improve the use of both their office productivity software and output devices. This highly intelligent rules engine is the first of its kind in the industry.

Area Coverage Analysis – Printelligence is able to measure page-level coverage, independent of device, at an enterprise, physical site, device, user and application level. MPS providers now will have actual account-specific color and monochrome coverage data to make critical pricing/margin decisions. This will enable service providers to bid on cost-per-page deals with acceptable profit margins as well as decline those that would be unprofitable.

Partner Integration – Provides the automated ability for Preo partners to upload select user data on a nightly basis for integration with their device-management data. Additionally, the Partner's custom device costing database now can be integrated seamlessly with the enhanced User Notification Engine.

"The release of Printelligence v4 is a turning point in our goal of making end-user data ubiquitous in the managed print industry" said Gary McCone, President and CEO of Preo Software Inc. "The new product configurations and pricing options will significantly reduce the barriers to entry for the managed print professional looking for unprecedented user-centric business intelligence".

The release is available from Preo's announced distribution partners including Supplies Network and Toshiba America Business Systems.

About Preo™ Software

Preo™ Software Inc. is the market leader in providing Print Knowledge Management Systems to enterprises, select OEMs, and Managed Print Services providers around the world. Printelligence™, the company's award winning flagship cloud-based offering, empowers users to optimize their print assets and reduce print volumes, while yielding significant cost savings and reducing the environmental footprint. Printelligence has been deployed in over 5,000 organizations worldwide.

This press release contains forward-looking information including but not limited to future development plans and anticipated operations. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include but are not limited to financing risks, risks arising from volatility in the oil and gas industry and ongoing operational risks.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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