Edify Corp. - EDFY- Profile

Edify Corporation develops and markets self service software and provides application development consulting and other related services. The products of the company are divided into the following segments, software, post-contract customer support, application development consulting and other. Edify's software segment includes three self service software products: electronic workforce, electronic banking system & employee service system. The services provided by the company include consulting services, education services and support services. Edify derives its revenues from licenses of its software products and fees for the related services provided. The company's products have been installed in banking, consumer goods, utilities, financial services, technology, universities, retail, insurance, telecommunications, healthcare, manufacturing, media sectors, etc. Software license fees accounted for 53% of 1998 revenues; application development consulting, 29%; post-contract customer support, 14% and other, 4%.