Taking complete control of the localization process

VistaTEC, a leading Globalization company agrees to develop customized solutions using Alchemy CATALYST, an integrated translation environment

DUBLIN – April 10, 2001 – Alchemy Software Development Limited today announced the launch of its technology partnership programme starting with VistaTEC, a leading globalization service provider. VistaTEC will be the first company to operate as an Authorized Technology Partner and is part of a select group of Localization Vendors that will be accredited with this status. VistaTEC will develop customized globalization solutions for their customers using the Software Development Kit that accompanies Alchemy CATALYST™, an industry leading integrated localization environment.

By joining Alchemy's Technology Partner programme VistaTEC will be at the technological forefront of the globalization industry, expanding its range of expertise and value-added services for their client base. VistaTEC will gain a technological advantage in the market and will be able to provide not only globalization services to it's client base but also customized technological solutions to assist their customers in achieving:

• Reduced time to market
• Reduced cost of localization
• Increased revenues by reaching global markets faster
• Increased control over the localization process

“This partnership is important to both Alchemy and VistaTEC”, said Tony O'Dowd, CEO and President of Alchemy Software Development, “as it enables VistaTEC to customize Alchemy CATALYST to meet specific customer needs, and demonstrates the flexibility and robust nature of the CATALYST Integrated Translation Environment”.

“VistaTEC has chosen CATALYST as one of its supported translation environments. This is consistent with our strategy of using industry standard tools and processes” said Mervyn Dyke, CEO and President of VistaTEC. “Having successfully worked with CATALYST for several years, we now welcome this opportunity to get further involved in the future direction of the CATALYST environment through the Technology Partnership Programme. This in turn will help us deliver further added value to our clients.”

“We're excited about working with VistaTEC”, said Enda McDonnell, Director of Engineering, Alchemy Software Development Ltd., “as it endorses our Integrated Translation Environment as a standard within the industry and ensures that our customers can achieve more efficiency and quality within the localization process”

Alchemy Software Development is a company formed by the original developers of Corel CATALYST™. Tony O'Dowd, CEO of Alchemy Software Development, previously Executive Vice President and General Manager of Corel Corporation Limited, brings over 13 years development and globalization experience to the company and has been involved in the design and development of many of the pioneering localisation technologies used in this industry sector today.

Alchemy Software Development Limited
Alchemy Software Development is a company formed by the original developers and designers of Corel CATALYST™, an integrated translation environment and a pioneer in visual translation and engineering solutions.

Alchemy's technology is designed to boost the efficiency and quality of globalizing software products and is used by over 270 software development and globalization companies worldwide. Alchemy CATALYST is used by translators, software engineers, quality assurance specialists and project managers and is referred to as the Gold Standard in Localisation. Corel Corporation Limited holds a 24.9% stake in Alchemy Software Development Ltd.

For more information on the company and its products, please refer to www.alchemysoftware.ie.

VistaTEC.
VistaTEC, a leading provider of globalisation services, specializes in localisation of software, e-business and dot.com applications. VistaTEC provides translations, technical consulting, engineering and testing during the design, development and marketing cycles of software products. VistaTEC has headquarters in Dublin, Ireland and satellite offices in Boston, MA, San Jose, CA and Washington D.C.

Additional information on VistaTEC is available on the Internet at www.vistatec.ie.