|[July 13, 2006]
I-many Further Expands Globally into Southern Africa; Waymark Infotech to Resell and Implement I-many Contract Manager(TM) and I-many Compliance Manager(TM) throughout 14 Countries in Southern Africa
EDISON, N.J. --(Business Wire)-- July 13, 2006 -- I-many, Inc. (NASDAQ:IMNY), the leading provider of advanced Contract Lifecycle Management (CLM) solutions for managing corporate commitments, and Waymark Infotech, one of the largest technology solutions providers in Southern Africa, today announced the signing of an exclusive joint marketing partnership. Under terms of the partnership, Waymark will resell and implement I-many Contract Manager and I-many Compliance Manager throughout South Africa and the 13 other countries that comprise Southern Africa.
"With our markets extending to financial, public sector, and telecommunication entities across many countries, we wanted to partner with a contract lifecycle management solutions vendor whose products could easily adapt to a diverse set of enterprise and regulatory requirements," said Pikie Monaheng Waymark's chief executive officer. "The flexibility, adaptability, and robustness of I-many Contract Manager and I-many Compliance Manager are unprecedented, and we believe these are the right solutions for the rapidly expanding marketplace in Southern Africa. Not to be overlooked is the fact that I-many offered us the in-depth training we need to deliver and implement the optimized solutions that will strengthen our existing and new client relationships."
"The South African public sector is faced with a number of challenges in managing the delivery of large outsourced contracts, through this solution, we aim to assist the government to ensure that suppliers meet their contractual obligations," said Tiledi Kekana, business unit manager of Waymark's economic and financial affairs section. "The financial sector is also faced with regulatory requirements; I-many's contract lifecycle management solutions will assist organizations in meeting some of these requirements."
"Southern Africa represents an untapped marketplace for contract lifecycle management solutions and we are certain that Waymark is the right partner for optimizing this ripe opportunity," said Justin Sadler-Smith, I-many's general manager of international operations. "They have a large and satisfied client base, experienced consultants, financial stability, and a proven track record across a large geographic region. Clearly, we are looking forward to a long and profitable relationship--as are they."
About Waymark Infotech
Waymark is a leading Southern African company. Waymark's achievements over the last decade reflect the spirit and drive of the South African nation. This foundation has allowed Waymark to partner with leading organisations, and be recognised as a world-class information technology solutions supplier and integrator. Waymark's approach integrates consulting and design, development and integration as well as implementation and support skills to realise comprehensive and results oriented solutions to customer business challenges. We offer tailor-made information technology solutions, from contract staff, through fixed price turnkey solution delivery to managed services and business process outsourcing.
I-many (NASDAQ:IMNY) is the leading provider of advanced Contract Lifecycle Management solutions for managing corporate commitments. Designed to extend beyond the traditional contract management capabilities, I-many ContractSphere(R) offers an end-to-end solution, from pre-contract processes and contract management to transaction compliance. Ultimately, this provides companies with the visibility and control needed to manage any type of commitment - from contracts and obligations to payments and collections. The result is increased revenue, minimized risk and dramatically reduced operating costs, which deliver improved profitability with hard return on investment. More than 280 customers across 21 industries worldwide have implemented and realized the value of I-many business solutions. For more information, please visit www.imany.com.
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include: the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time in the Company's filings with the Securities and Exchange Commission.
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