SOURCE: Viyya Technologies

July 25, 2005 07:00 ET

Viyya Technologies Teams With iConcepts and SES on Delivery of New Compliance Vault

LANSDALE, PA and VERNON, NJ and WEST CALDWELL, NJ -- (MARKET WIRE) -- July 25, 2005 -- Viyya Technologies, Inc. (OTC: VYON), creator and marketer of VIYYA™ Internet Management applications, announced today that it has teamed with iConcepts, Inc. and Secure Enterprise Software, Inc. (SES) in the development of a new business information archival portal called "Compliance Vault™" for the secure and efficient indexing, retrieval and storage of information for regulated industries.

Compliance Vault™ is a web-based document support tool designed to provide simultaneous and expedited deposition of documents with transparent exporting and printing capabilities.

"Analytical teams need to review internal documents for pertinence and risk mitigation; with Compliance Vault™, large amounts of data are significantly more retrievable, searchable, trackable and efficiently culled down," said Vincent Coll, CEO of iConcepts. "In addition to providing a secure, third-party repository for compliance to any applicable information storage requirements, Compliance Vault™ provides significant internal and external resource savings."

"Compliance Vault™ is a natural extension to companies in regulated industries, such as financial services, insurance, health care or energy," added John Bay, CEO of Viyya Technologies, Inc. "When utilized in conjunction with our flagship product, VIYYA™, information retrieved from any source and be securely stored for easy access, all in an automated fashion."

"Regulated industries are struggling to secure and disseminate large amounts of information in a manner consistent with today's compliance standards. Gramm-Leach-Bliley, the Health Insurance Portability and Accountability Act (HIPAA), and the North American Electric Reliability Council (NERC) are all regulatory standards which stress the privacy and security of information," said Thomas Welch, CEO of SES. "Compliance Vault™ is one of the few services existing today that meets or exceeds these requirements."

Compliance Vault™ has already been released to selected companies within the financial services industry, with general availability slated for September.

About iConcepts

iConcepts™ has focused on building and supporting technology solutions that turn data into information. Through its core strengths in data acquisition, web-based archiving and information distribution, coupled with strong software development capabilities, iConcepts™ is uniquely qualified to provide cost-effective technology solutions. Headquartered in suburban Philadelphia, iConcepts™ maintains development offices in Sofia, Bulgaria, and Moscow, Russia.

The depth of iConcepts'™ qualifications are as broad and as deep as the intellectual capital that can be mined from the best of the best in other countries. The salient point of interest here is that iConcepts™ maintains the organizational infrastructure to maximize these opportunities to the advantage of its client base. Please visit iConcepts at www.iconcepts-inc.com or contact us at 215-412-9270.

About SES

SES is an information security service provider. SES supports businesses in protecting their information by helping their clients protect, detect and respond to cyber attacks. SES conducts risk assessments and vulnerability testing of a client's information systems and provides analysis of an organization's potential exposure from a physical security, IT security, document security and personnel security prospective.

SES uses proprietary techniques based on industry standards (ISO-17799) as well as automated security assessment tools to generate security profiles of essential information systems. Please visit SES at www.sendsecure.com or contact SES at 973-702-7989.

About Viyya Technologies, Inc.

Viyya Technologies is a technology company that has developed and is currently marketing one of the most advanced, web-based information management applications for use in the home, in the office and while traveling. The company's core technology manages disparate information from the Internet, corporate intranets, databases, newsgroups, e-mail and third-party feeds by enabling users to customize the way they collect, process, distribute and store data. VIYYA™ gives users the ability to retrieve filtered content from many sources, determine the relevancy of the information and have the information processed into notifications, daily reminders, newspapers, or archived for future use.

Viyya Technologies trades on the OTC Pink Sheets under the ticker symbol VYON. For additional company information, please visit http://www.viyya.com or contact Viyya Technologies at 973-226-6646.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Viyya Technologies disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies.

Contact Information

  • Investor Relations & Media Contact:
    Jesus Rodriguez
    305.776.4535