FOR IMMEDIATE RELEASE
Announcing KorTerra, Inc.
Minneapolis, MN April 10th, 2003 – KorTerra announced today they have spun their division off from parent company Vertical Systems, Inc. to become their own, separate corporation under the name KorTerra, Inc.
The KorTerra product suite had its beginnings as a custom application that was created for a large, local utility company in 1990. The software was proprietary to that company until 1999 when Vertical Systems, Inc. acquired the rights to the software and started actively marketing the application as a packaged software solution to the damage prevention industry, known as the KorTerra product suite.
For the last 4 years, KorTerra has found much success marketing and developing their product for the utility markets. The division spin-off and creation of the new company will help the continuation of these focused efforts and allow KorTerra to re-invest into the development of their products for the utility and damage prevention industries.
“The split was very logical. Vertical Systems’ roots are in custom applications and KorTerra is a product solution. The split will allow KorTerra to focus all of its efforts and resources towards serving our target market and further developing our product“, said KorTerra, Inc. President, Chris Stendal, “Our entire team is excited about the new company and predicts future success as we move forward as a company with a single focus.”
The companies will remain co-located at their Eden Prairie, MN headquarters.
About KorTerra, Inc.
Since 1990, KorTerra, Inc. has developed mobile computing and workforce
management solutions for the utility industry. They have worked with
major utilities, contract locators and municipalities to develop a
variety of Utility Workforce Management systems. The software
effectively manages on-time response, management reporting, positive
response, and keeps track of locating team performance in a real-time,
mobile and paperless environment. KorTerra also provides ASP services;
capabilities that allow KorTerra to host the software on their servers
with customer access to the application via the Internet. KorTerra
software interfaces with every One Call Center and is used by Utilities,
Municipalities and Contract Locators across North America. Today, over
20,000,000 tickets are managed by the KorTerra application annually. To
learn more about KorTerra and see what their customers are saying about
the KorTerra product suite, go to
www.korterra.com, or contact via telephone at 952.368.1911.
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For additional information contact:
Press Contact(s):
Chris Stendal, President
KorTerra, Inc.
18882 Lake Drive East
Chanhassen, MN 55317
Tel: 952.368.1911
Fax: 952.697.3141
Email: sales@korterra.com
