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GlobalWise Signs Channel Sales Partnership With Sycle.netNew Relationship Expands Healthcare ECM Services to Include Audiology Clinics Nationwide (June 11, 2012)
COLUMBUS, OH -- (Marketwire) -- 06/11/12 -- GlobalWise Investments, Inc. (OTCBB: GWIV) (OTCQB: GWIV) (www.GlobalWiseInvestments.com) and its wholly owned subsidiary Intellinetics, Inc., a leading-edge technology company focused on the design, implementation and management of cloud-based Enterprise Content Management ("ECM") systems in both the public and private sectors, today announce a Channel Sales Partnership with Sycle.net.
Sycle.net (http://web.sycle.net) is the largest provider of cloud-based Enterprise Resource Planning (ERP) software systems specifically designed for hearing care practice management. Sycle.net's unique, web-based solutions allow clients to access patient data anywhere, anytime from any place. Serving over 6,000 audiology clinics and 18,000 users, Sycle.net is an industry leader in the United States, serving over 65% of the audiology clinics nationwide. Sycle.net is growing by approximately 50 audiology clinics per month and provides a fantastic platform for GlobalWise to rapidly expand the installed client base.
The relationship with Sycle.net began approximately 12 months ago after an extensive due diligence period by both companies. Since then, Sycle.net sent two senior software engineers to the GlobalWise headquarters to begin the integration of the Intellivue cloud-based software into the Sycle.net ERP software. This ability to easily and seamlessly integrate the Intellivue software platform into pre-existing software packages is highly attractive and enabling GlobalWise to rapidly extend its market reach. For Sycle.net, the co-developed eDocs solution drives revenue growth, customer satisfaction and retention, extending their competitive advantage in the space.
"We spent many months researching the right ECM software provider," stated Ridge Sampson, President and CEO of Sycle.net. "Nothing is more important than our reputation with our audiology clients. It was crucial we found a partner whose software was dynamic enough to integrate with our existing suite of cloud-based services supported by the right business models to maximize demand. The Intellinetics team was selected from over ten (10) candidate ECM providers and has been an outstanding choice. I am proud of the eDocs (http://web.sycle.net/products/edocs) private-labeled solution we have jointly created. eDocs was a hit at the American Academy of Audiology (www.audiology.org) conference among existing customers, prospects and industry media."
You can hear Ridge discuss eDocs with a leading industry publication at http://www.audiologyonline.com/interview/interview_detail.asp?wc=1&interview_id=627.
eDocs will help Sycle.net accelerate its expansion into the European market, which aligns perfectly with GWIV's globalization efforts. This is great news for GlobalWise as they continue to execute their strategic growth initiatives with cloud based market leaders like Sycle.net. Half of the approximately 60 clinics allowed to participate in the eDocs beta process have already provided strong positive feedback for the benefits delivered -- particularly in its ability to support tablet devices and mobility. For example, one of the beta participant clinic groups processed over 14,000 documents through eDocs in only 20 business days and touted the tremendous efficiencies gained by accessing clinical records with their fleet of iPads.
"I am very proud of the partnership with Sycle.net," stated William J. "BJ" Santiago, CEO of GlobalWise. "Sycle.net dominates the audiology space with industry-leading software. They could have worked with any ECM software company and yet decided ours was best from a field of established competitors -- that is a huge validation of our unique value proposition to the market. We provide the most cost-effective, cloud-based ECM services in the business. By partnering with companies like Sycle.net, we are able to quickly grow our installed base as they focus on sales and support and we focus on what we do best -- ECM software. Sycle.net anticipates taking initial orders for eDocs in the next quarter."
About GlobalWise Investments, Inc.
GlobalWise Investments, Inc., via its wholly owned subsidiary Intellinetics, Inc., is a Columbus, Ohio based Enterprise Content Management (ECM) pioneer with industry-leading software that delivers cloud ECM based solutions on-demand. The Company's flagship platform, Intellivue, represents a new industry benchmark and game-changing solution by enabling clients to access and manage the content of every scanned document, file, spreadsheet, email, photo, audio file or video tape -- virtually anything that can be digitized -- in their enterprise from any PC, laptop, tablet or smartphone from anywhere in the world.
For additional information, please visit the Company's corporate website: www.GlobalWiseInvestments.com
This press release may contain "forward-looking statements." Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot predict the effect that market conditions, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and factors described in our filings with the Securities and Exchange Commission may have on our results. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
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