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The Board of Invu Inc ("Invu"), the document management software provider, is delighted to announce an OEM agreement with Sage (UK) Limited (“Sage”), a leading supplier of business management software and services. Under the terms of the agreement, Sage will sell Invu’s document management product to the accountancy and professional services markets, under the Sage brand.
The Sage sales force will start to sell the Invu product from 1 September 2006, to its existing customer base of over 14,000 firms of accountants. In addition, it is agreed that Sage will fully integrate the Invu technology into the Sage accountancy practice suite of products during 2007.
David Morgan, Chief Executive of Invu Inc, said,
"We are very excited by this agreement with such a market-leading company as Sage. In addition to revenue streams we anticipate a positive effect on the Invu brand moving towards mainstream credibility. We will only be able to gauge the full impact of this agreement after a period of initial marketing and sales activity, but we are planning to service the demand with our normal high levels of customer service and support."
Greg Ford, Managing Director, Accountants Division, Sage (UK) Limited, said:
"Our relationship with over 14,000 Accountants and 600,000 business customers helps us to determine what is needed to support Accountants and businesses and our entire strategy is centred around doing what is right for our customers. Our Accountants community told us they need document management software and therefore we have entered into this partnership with Invu to deliver a high quality, well supported system which we can bring to market quickly and efficiently." |