VADARSystems Signs Agreement with Virtual Town Hall Combining Leadership Positions in Web Services and Municipal Financial Software

Two leading municipal software companies combine strengths to offer "Best of Breed" E-Govenment solutions for New England Cities and Towns

FOR IMMEDIATE RELEASE:

CONTACT:
Millard Rose
Vice President – Sales & Marketing
Direct : 978-461-5828
Cell :     978-273-8004
millard-rose@vadarsystems.com

Maynard, MA -- February 26, 2003 -- Effective immediately, VADARSystems will become the exclusive re-seller of Virtual Town Hall (VTH) products and services in Massachusetts. Founded in 1998, VTH is the largest supplier of municipal web design and content services in Massachusetts, with 46 clients all across the Commonwealth, and another 60 in 12 other states. VTH is assisting Cities & Towns – large and small – with their website, and more importantly with the everyday management of all the content on their site.

VADARSystems is the premier municipal financial software provider in Massachusetts, including complete application suites in Fund Accounting, Tax/Utility Billing & Collection, and Payroll/HR. Having grown to over 50 MA clients, VADARSystems supports over 1,000 users and has successfully installed over 400 financial applications since being founded in 1996. This position is combined with its entry into the New Hampshire market in 2001 with the complete complement of Tax, Clerk, Accounting, Utility, and Payroll/HR software that is already assisting ten NH Cities and Towns in its second full year in the market.

According to Randy Perry, SVP – Sales & Marketing at VTH, With the ongoing need to Do More, With Less", all communities are looking for more from their website. It must assist them in providing more information to their constituents and take advantage of the internets 24/7" capabilities in detailing events, information, and performing financial transactions."

Frank Natale, CEO & Chairman of VADARSystems said, Both companies are very excited about the opportunity to grow our businesses together and provide additional ways to serve the municipalities of Massachusetts. Budget pressure looks like it will be tight for some time, but cost effective ways to better serve constituents and help control costs will be in greater demand than ever before."

By joining together, both companies expect to offer efficient, affordable E-Government" opportunities to provide valuable information and process a wide variety of transactions via the internet. Find out more about how this new partnership can help your municipal office meet the ever increasing demands of your constituents and join the other almost 1/3 of all MA Cities and Towns who enjoy VADARSystems and Virtual Town Hall technologies.

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For information: http://www.virtualtownhall.net and http://www.vadarsystems.com
Contact: sales@vadarsystems.com
Phone: 978-461-5855