Universal Data Interface Corporation Begins Operations in New York
NEW YORK, September 19, 2000 - Universal Data Interface
Corporation, UDICo, www.udico.com today announces the official launch
of a new middleware software company. The Company's product, the
Universal Data Interface (UDI), is the best of breed XML based middleware
solution, and was designed to convert tons of data and manage millions
of transactions - quickly, easily, and in real time, without the
need for writing costly code.
The UDI was
designed to overcome one of the biggest hurdles facing organizations
today; seamlessly linking internal systems infrastructure and connecting
it to the B2B environment without using compiled languages, like
C++, Java, or Visual Basic. Companies that use UDI will be able
to access their legacy data and engage in B2B e-commerce faster
and more cost effectively. UDICo will redefine current price
points in the middleware marketplace, allowing integrators and e-businesses
access to this once cost-prohibitive technology.
launch of the Company, Adam Greissman, the Company's founder
and CTO said, "the launch of UDICo is the culmination of years
of product development. We are pleased to have the support
of PricewaterhouseCoopers as an equity investor. It is an
exciting time for all involved."
Lyonnais Securities (USA) Inc.'s e-finance group has been
engaged by UDICo as its financial advisor to assist the company
in raising capital. Credit Lyonnais, one of the first users
of the UDI, is a worldwide financial institution based in
also announced the addition of Simon Smith as the Chief Financial
Officer and Mark Hoffman as the VP of Sales and Marketing.
Mr Smith said, " The solution that UDI provides to the problem
of Data Integration is a compelling one. We have a fully developed
and proven product. This gives us strong pricing flexibility
to go after sales. We expect to be profitable within 6 months."
also announced the launch of their website at www.udico.com.
The website will be "powered by the UDI" and will illustrate
the dynamic application of the UDI for web based customer
Universal Data Interface Corporation (UDICo)
is a leading provider of software solution for business-to-business
founded in July 2000, is based in NYC. For more information,
contact UDICo at (212)607-7626