By Omtool of Omtool
ANDOVER, Mass.--(BUSINESS WIRE)--May 1, 2006--Omtool, Ltd. (Nasdaq: OMTL), a leading provider of document routing products and services, today announced it has won the Ricoh and Sun Java(TM) Solutions $100,000 Developers Challenge. Omtool's AccuRoute document routing platform for the Ricoh Embedded Software Architecture platform was recognized as the best and most viable commercial solution by Ricoh Corporation and Sun Microsystems, Inc., at the Ricoh Developers Conference April 26, 2006, in Marco Island, Florida.
Omtool's winning AccuRoute solution for the Ricoh platform was designed to effectively provide a complete and efficient document routing solution that takes into account business processes and how businesses capture, process and distribute documents. Omtool surveyed a large number of Ricoh dealers who clearly articulated the desire to have a document routing solution that includes enterprise fax from a single provider. The respondents also supported the AccuRoute feature that enables the majority of the distribution work to be done from each end user's desktop enabling simple, single-button entry from the Ricoh embedded software devices, when desired.
"We are thrilled to award Omtool as the winner of the best viable commercial solution for Ricoh Embedded Software Architecture. Omtool clearly demonstrated superior creativity and market knowledge to deliver software that is complete in its services and is viable in the commercial world," said Wayne Mize, vice president of the solutions marketing division for Ricoh Corporation.
After competing against a large group of initial participants, in February 2006, Omtool was named one of the eight finalists in the Developers Challenge. Omtool then went on to win the grand prize for Best Viable Commercial Solution which includes a $50,000 marketing fund, a Ricoh Multifunction Product (MFP) with an MSRP of up to $25K, a one-year maintenance contract and a Sun Workstation, and a Ricoh certification for the AccuRoute platform.
"This recognition from our industry partners is an honor and something we are very proud of. The fact that Ricoh recognized Omtool as a leader in the document routing industry is extremely impressive," said Bob Voelk, CEO and president of Omtool. "Omtool continues to work with valued MFP partners like Ricoh to provide customers a unified and efficient way to manage both paper and electronic documents."
AccuRoute(R), Omtool's flagship document capture, process and distribution platform, makes it easy to centralize valuable company information and distribute it to multiple systems simultaneously. AccuRoute 2.1, announced in January 2006, allows users to work from either their desktop or Multi-Function Devices panel helping them save time and remain productive as they integrate paper into the electronic business workflow and handle mixed-mode (paper and electronic) documents though the course of their daily processes. In addition, users are able to simultaneously distribute documents to multiple systems or recipients in multiple formats with a single action.
About Omtool, Ltd.
Omtool, Ltd. is a leading provider of document routing products and services that enable organizations to manage the capture, process and the delivery into electronic information systems of "mixed-mode" documents containing both paper and electronic documents. Omtool's enterprise-level products are used by organizations worldwide whose business processes frequently include paper-based documents and/or stringent compliance requirements that include secure handling, storage, integration and tracking of a variety of documents into corporate systems. Omtool's flagship product, AccuRoute, is a document capture, conversion and distribution platform that makes it easy to centralize valuable company information and distribute it to multiple systems simultaneously, all from users' desktops. Based in Andover, MA, with offices in the United Kingdom, Omtool can be contacted at 800-886-7845 or www.omtool.com.
About Ricoh Corporation
Ricoh Corporation, headquartered in West Caldwell, N.J., is a subsidiary of Ricoh Company Ltd., the 70-year-old leading supplier of office automation equipment and electronics, with fiscal year 2004 sales in excess of $17 billion, a 1.9 percent increase over the previous year.
Ricoh Corporation is a leading provider of document solutions. Ricoh's fully integrated hardware and software products help businesses share information efficiently and effectively by enabling customers to control the input, management and output of documents. Ricoh's line of document management devices include color and black & white digital imaging systems, facsimile products, printers, scanners, digital duplicators and wide format engineering systems. Additionally, Ricoh offers a wide variety of document and printing solutions directly and through strategic alliances enhancing office productivity and document workflow. Ricoh's document management software enhances workgroup collaboration and offers secure storage, retrieval and sharing of critical information.
Ricoh Corporation directly or through its subsidiaries markets and distributes products in North, Central and South America. For fiscal year 2004, Ricoh Corporation sales exceeded $2.9 billion, an increase of 6.9 percent over the previous year.
Information about Ricoh's complete range of products and services can be accessed on the World Wide Web at www.ricoh-usa.com.
For more information about the Developer Challenge, please visit https://developersupport.ricohcorp.com/contest.asp?choice=contest.
Sun, Sun Microsystems, the Sun Logo and Java are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. All referenced product names are the trademarks of their respective companies.
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SOURCE: Omtool, Ltd.