Xenos Announces US $4,000,000 Contract



    Provides Multi-channel Report Delivery and Online Statement Presentment

    TORONTO, Jan. 14 /CNW/ - Xenos Group today announced the signing of a
three-year license renewal for its Xenos infoWEB(TM) product with its largest
customer, a major international consumer products company.
    The contract is valued at a minimum of U.S $4,000,000 spread equally over
the next thirty-six months. This represents a 30% increase in the value of the
contract over the previous three year term.
    The customer uses Xenos infoWEB internally to store and deliver over
2.5 billion pages of internal reports annually in electronic formats. Along
with the multi-channel delivery of these reports, Xenos infoWEB is also used
for the online presentment of business-critical information such as invoices,
statements, debits, credits, rebate invoice detail, bid award notifications
and contract notifications to end consumers and business partners.
    "This ongoing contract is particularly gratifying in that it represents
Xenos technologies being utilized to create the virtually paperless office in
a very challenging and disparate business environment. The increase in license
and managed services revenues reflects the increased usage of infoWEB by the
customer and the contract contemplates continued growth in usage and Xenos
revenues during its term," said Stuart Butts, Chairman & CEO of Xenos.

    About Xenos

    Xenos (TSX:XNS) high-performance software solutions streamline enterprise
information supply chains. We enable our customers to process, transform,
repurpose, personalize and deliver their data and documents when they need it,
where they need it and how they need it. Xenos extends the value of existing
IT investments, enabling organizations to increase efficiency, agility and
accountability.
    By streamlining, standardizing and automating the handling of information
on demand, our customers reduce costs while increasing a powerful competitive
advantage-adaptability. Xenos has customers worldwide in financial services,
insurance, healthcare, telecommunications, manufacturing, logistics,
transportation, retail and government sectors. Xenos sells and supports its
solutions directly from offices in Canada, the United States, the United
Kingdom and France and through a global partner network. For more information,
visit www.xenos.com





For further information:

For further information: Editorial Contact: Graham Barker, Xenos Group
Inc., (905) 763-5103, gbarker@xenos.com; Investor Relations Contact: Cory
Pala, Xenos Group Inc., (416) 657-2400, cpala@xenos.com

Organization Profile

XENOS GROUP INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890