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 has been the damage prevention industry’s most trusted partner in providing quality and comprehensive One Call ticket management software solutions. KorTerra works with Pipeline Companies, Utilities, Municipalities, Contract Locators, and One Call Centers to help them operate as efficiently as possible through the use of our industry-leading technology, while cutting costs by eliminating unnecessary manual processes. KorTerra’s unique position of collaborating directly with these companies in the damage prevention industry has allowed us to build a compilation of industry-wide knowledge and best practices that few companies possess. KorTerra's current One Call ticket management operations process over 25,000,000 tickets annually. In addition to One Call ticket management software, KorTerra provides process consulting and software training services to ensure operations are streamlined and functional throughout all areas of an organization. To learn more about KorTerra, please visit www.korterra.com, or contact via telephone at 952.368.1911.
For additional information contact:
Press Contact(s):
Aimee Wendland, Marketing Manager
KorTerra, Inc.
18946 Lake Drive East
Chanhassen, MN 55317
Tel: 952.368.1911 ext. 3157
Fax: 952.697.3141
Email: marketing@korterra.com
