Ravisent and eMation Become Axeda Systems
Mansfield, Mass. - Ravisent Technologies Inc. and its subsidiary, eMation, Inc., announced January 14, 2002 that they have changed their names to become Axeda Systems Inc.
Mansfield, Mass. - Ravisent Technologies Inc. and its subsidiary, eMation, Inc., announced January 14, 2002 that they have changed their names to become Axeda Systems Inc. The move comes on the heels of the completion of the acquisition of eMation by Ravisent last month. Axeda is a provider of Device Relationship Management (DRM) software and services that allow companies such as Beckman Coulter, Air Liquide and Varian Medical Systems to optimize their businesses by using the Internet to tap the value of real-time device information. The company also announced that effective February 5, 2002 it will change its stock symbol to XEDA on the NASDAQ exchange.
The new Axeda name, pronounced aks-ee-da, reinforces the company's mission and communicates energy, motion and action and suggests the concepts of access, speed and exceeding expectations. The imagery of the logo and associated design elements further support these concepts with the representation of speed over distance, tapping-into, and the unlocking of valuable, yet hidden information.
'The launch of Axeda is a key milestone, symbolic of the unification and focus of our company in helping enterprises utilize device information to optimize their service, development, sales and manufacturing operations,' said Robert M. Russell Jr., Axeda chairman and ceo. 'DRM is already providing significant ROI across a wide range of industries including medical instruments, industrial machines, and office equipment. We are aligning our business to realize the benefits of this growing market.'
A January, 2002 study conducted by Harbor Research, Inc. reports that the number of non-PC/non-phone intelligent devices to be networked for remote monitoring and e-services is expected to exceed over 500 million devices in 2010. Connected intelligent devices will represent an annual $40B opportunity in 2006 for the companies involved in the networking, monitoring, and servicing of those devices. 'Axeda is well positioned to take advantage of the rapid growth for making intelligent devices available and accessible via Intranets and Extranets,' said John C. Williams, manager of research, Harbor Research Inc.
With the Axeda Device Relationship Management System, organizations can monitor, manage, and service intelligent devices deployed at remote sites anywhere in the world - cost effectively, and in real time. The Axeda DRM System enables the communication and management of device data from customer to service organization, from factory floor to executive suite, across the enterprise and throughout the device lifecycle. Companies are rapidly gaining a competitive advantage by harnessing this new technology to improve their operating efficiency and profitability while simultaneously increasing customer satisfaction and retention.
In separate releases the company also announced today:
A new version of its Axeda DRM system that provides scalable, high availability data management, and advanced device and user administration for deployment with large populations of mission critical devices. The new version, release 2.5, also provides integration with Siebel 7 Field Service and offers new tools for the development of custom DRM applications.
An enhancement to its Wizcon Supervisory Control and Data Acquisition (SCADA) product, part of the newly-named Axeda Supervisor suite, offers intelligent, firewall-friendly, Internet communications technology to provide sophisticated device monitoring and control within the Axeda Device Relationship Management (DRM) System. Now any of the makers and users of machine tools, industrial automation devices, and real-time information systems that currently employ Wizcon can easily extend their solution to use the full Axeda DRM System to optimize their businesses.