NextPage Achieves Strategic Product, Industry Milestones in 2006

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Significant Milestones Include Release of Unique and Innovative NextPage 2 Document Retention Enterprise Application, Insightful Document Retention Research, Drafting Ecma Whitepaper on Open Office Standard and Receiving the 2006 Best Business Innovation Award

NextPage today announced the highlights of a successful year, including an innovative product release and strategic industry milestones, as it continues to expand its services as a leader in document management and collaboration technology. The release of NextPage 2 Document Retention provided enterprise customers with an effective way to track documents across e-mail, hard drives, removable media and servers.

The need for a solution such as NextPage 2 Document Retention was validated by research results that clearly indicate document retention policies are failing at the desktop. The results of this research were released in early October. The study indicates that only 62 percent of the companies surveyed have a document retention policy in place. Of that 62 percent, only 31 percent actively enforce the policy and 61 percent responded that fewer than half of their employees are adhering to their published retention policies. Organizations interested in a copy of the study can visit http://www.nextpage.com/cio.

NextPage continues to be recognized as a leader in building profitable document applications. In 2006, NextPage received the following awards and accolades:

  • Finalist in the Best Overall Company category for the 2006 American Business Awards, whose recipients were selected from more than 1,500 entries from companies of all sizes and in virtually every industry
  • Executives Darren Lee, Tom Ngo and Cydni Tetro were voted by their peers as 2006 Top 100 Venture Capital Entrepreneurs, an honor they have received over the past two years
  • NextPage 2 Document Collaboration won Best Business Innovation Award at the Business and Technology Expo, Utah's premiere business event

"We have achieved significant milestones in 2006 and are encouraged by our customer traction and the momentum that NextPage 2 Document Retention has generated," said Darren Lee, President and Chief Executive Officer of NextPage. "2007 looks to be an even more successful year as we begin serving a greater number of enterprises through the general availability of NextPage 2 Document Retention, helping enterprises manage risk and bring a badly needed level of control and visibility into the rather chaotic environment of desktop documents."

Additional 2006 milestones attained are as follows:

  • As a key member of the Ecma International task force assigned to work on the Open Office standards, NextPage CTO Tom Ngo edited Ecma's white paper on the Office Open XML standard. The standard was approved by the Ecma General Assembly on December 6, 2006 as Ecma Standard 376 and will be submitted for consideration as an ISO standard.
  • During the 2006 ARMA International Conference and Expo, NextPage partnered with ARMA to conduct a daily poll and provide daily podcasts with industry experts concerning document deletion and retention issues. The podcasts are accessible at PodTech.net and can also be downloaded at blog.nextpage.com and on the ARMA website at http://www.arma.org/podcast. Results of the daily poll can be accessed at http://www.nextpage.com/dailypoll.
  • NextPage introduced the Document Retention Risk Assessment Tool, which is used to determine the level of risk associated with a company's document retention needs and policies. The assessment tool, available at http://www.nextpage.com/assessment, can be completed in less than five minutes and generates a preliminary risk score based on how the organization answers selected questions.
  • Speaking engagements at conference events:

         o Darren Lee, President and Chief Executive Officer

                 -Spoke at 22nd Annual Information Technology Seminar

                 -Explored the business risks and opportunities in a flattened world and explained how business and individual lifestyles will be impacted

         o Cydni Tetro, Vice President of Product and Corporate Marketing

                 -Presented at the Collaborative Communications Summit and New Communications Forum

                 -Explained how collaborative toolsets can be used to collect, preserve, and repurpose collaborative information, and discussed how companies can develop strategies and tactics that leverage the power of word-of-mouth marketing

         o James Seeley, Vice President of Sales

                 -Spoke at the 2006 ITA Fall Collaborative

                 -Discussed the failure of document deletion and retention policies at the desktop and outlined the function of NextPage 2 Document Retention

About NextPage

NextPage delivers powerful document tracking services that enable enterprises to manage and control the risk of Microsoft Office documents on the desktop. With the patent pending document tracking technology enterprises can securely track the more than 7.5 Billion Office documents that are sent as e-mail attachments, stored on users' desktops and removable media or saved to centralized servers. The NextPage 2 Document Retention service increases document retention compliance, as the only product that lets organizations apply retention policies to versions on the desktop by purging working copies and posting final versions to a central server for archival and lifecycle management. The NextPage products reduce the cost of document eDiscovery, prevent wasted time tracking down document versions and reduce the risk of documents. For more information, visit http://www.nextpage.com.

Media Contacts

Eric Anderson

Coltrin & Associates (for NextPage)

212-221-1616 ext. 117

Jenel Stevens

Coltrin & Associates (for NextPage)

212-221-1616 ext. 125

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Eric Anderson
NextPage
516-225-3218
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