SOURCE: Spescom Software Inc

November 02, 2005 09:30 ET

Spescom Selected by Aker Kvaerner for Global Deployment

eB to Form Corporate Standard for Document Management

SAN DIEGO, CA -- (MARKET WIRE) -- November 2, 2005 -- Spescom Software Inc (OTC BB: SPCO), a leading developer of enterprise content, configuration and change management software solutions for mission-critical industrial applications, today announced that Aker Kvaerner has selected eB as its corporate standard for document management.

Aker Kvaerner, a leading global provider of engineering and construction services, technology products and integrated solutions (www.akerkvaerner.com), has completed an evaluation of a series of Information Technology products to form the corporate standards on which it will deploy solutions across its business units and projects into the future. In the Electronic Document Management area, eB from Spescom Software has been selected as the corporate standard. In due course eB will be used to replace the systems which are currently in operation, and in the short term will be applied to a number of specific project requirements.

Aker Kvaerner is a $5.2 billion company (2004), employing 21,000 people in more than 30 countries. Spescom has worked closely with Aker Kvaerner on a number of projects in the UK and Europe, and has developed an understanding of the key information management requirements of an enterprise of this nature.

"The decision made by Aker Kvaerner to adopt the eB platform for document management is of strategic importance to Spescom," stated Keith Stentiford, CEO, Spescom Software. "We look forward to a long and successful relationship with one of the world leaders in engineering and construction."

"This contract win against some of the largest players in the enterprise content management market clearly indicates that eB is a platform for the future. Its ability to manage both unstructured and structured information on a single platform makes it unique in the enterprise information management market. The deployment of eB version 14 in support of the global operations of Aker Kvaerner will be a significant milestone in the development of Spescom Software."

About Spescom Software

Spescom Software is a developer and marketer of leading-edge information management software solutions for the energy, nuclear, oil & gas and other sectors that provide the unique ability to manage disparate types of content and other data on a single platform. The Company's proprietary eB platform provides extensive enterprise content management (ECM) functionality, together with best-of-breed configuration management capabilities. These capabilities enable the secure capture and storage of both structured and unstructured information, in addition to the ability to organize, control and manage this information. Spescom's eB software solution revolutionizes data management through an innovative new paradigm of data management that re-invents how organizations store, track, access, and use their enterprise's data to maximize efficiency and guarantee accuracy and integrity of the data. Key customers include Constellation Energy, Continental Express, AmerenUE, cities of Las Vegas and Dayton, Lloyds Register, United Space Alliance, Entergy, Northeast Utilities, London Underground, Network Rail, and many others. The Company is headquartered in San Diego, California, with an international sales and support center in London, UK. www.spescomsoftware.com

Cautionary Statement

Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, substantial fluctuations in quarterly revenues, dependence on a few large customers, changing competitive and regulatory environments, the effect of the Company's accounting policies and other risk factors detailed in the Company's SEC filings. For a discussion of additional risk factors relating to Spescom's business, see Spescom's annual report on Form 10-K for the fiscal year ended September 30, 2004 and quarterly reports on Form 10-Q for the quarter ended June 30, 2005, including the discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations contained therein.

Contact Information

  • Contact:
    Spescom Software Inc
    Keith Stentiford (CEO)
    John Low (CFO)
    858-625-3000