10/21/2003 - TimesTen, Inc., a provider of infrastructure software for real-time event processing, and Risotech, an Israeli-based provider of software products and professional services for maximizing the performance of mission-critical systems, announced the signing of a value-added reseller (VAR) agreement. The relationship will allow Risotech to resell the TimesTen® Real-Time Event Processing System as part of their solutions to defense, financial services and telecom organizations in Israel. With TimesTen as part of their technology arsenal, Risotech can now use commercially proven, standards-based infrastructure software that's designed specifically for the demands of real-time applications.
Risotech's expertise in the defense industry is well established, having worked on diverse Command & Control applications, along with their global consulting to this industry. TimesTen's infrastructure software has been tested in mission-critical, real-time applications within financial services and global telecom systems for more than 5 years, making this a strategic partnership aligning with Risotech's business objectives. Conversely, the multi-year agreement with Risotech introduces TimesTen's software to the global defense industry.
"There are many synergies with the defense projects we're involved in and the real-time capabilities TimesTen has to offer," said Ronen Lewit, CEO, Risotech Ltd. "Our customers call on us when their systems need more horsepower. They have been filling the gap for real-time infrastructure software by building custom code on their own. Now with TimesTen, we can offer our customers a proven commercial alternative."
"We are happy to have Risotech join the TimesTen team as a value-added reseller," said Jim Groff, CEO, TimesTen, Inc. "Their expertise in the defense industry is a complimentary addition to our current market focus. We look forward to serving the needs of the defense industry with Risotech and validating that our infrastructure software should be a key ingredient for their real-time applications—as we have already done within the financial services and global telecom markets," added Groff.
Risotech is a privately held company, founded in 2002 and headquartered in Tel-Aviv, Israel. The company specializes in mission critical information system performance. Risotech's professional team helps customers plan, design, develop and effectively role out projects by integrating innovation, methodology and technology into advanced practices. Risotech holds a unique combination of professional services and products dedicated to optimize performance and operates mainly within the Defense, Telecom, Finance and Government markets.
For more information about Risotech please email us at: firstname.lastname@example.org
About TimesTen, Inc.
TimesTen provides infrastructure software for real-time event processing—a fundamental requirement of time-critical applications used by financial serivces firms and global telecom providers. Systems built with TimesTen inside are instantly responsive, highly reliable, and able to process massive transaction volumes. Cisco, Deutsche Bank, Nokia, and Sprint are among the customers who rely on TimesTen's software and expertise to create a unique advantage in a rapidly changing market. For more information, visit www.timesten.com.
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