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Tuesday
October 15, 2002
Press Release
XDimensional Technologies Announces Settlement of
Outstanding Litigation with Applied Systems
Brea, CA, October 15, 2002 -- XDimensional Technologies,
Inc., architects of Nexsure, the insurance industry’s
first Microsoft® .NET agency automation solution for
insurance agents and brokers, today announced that it has
settled its outstanding lawsuit with Applied Systems, Inc.
on mutually agreeable terms.
Pursuant to the terms of the settlement, both XDimensional
and Applied agreed to dismiss their intellectual property
claims against each other. In addition, Applied agreed to
dismiss its claims against certain former employees of
Applied and XDimensional agreed to dismiss its claims
against Applied regarding the same.
Craig Fuher, XDimensional’s Chief Executive Officer,
stated that, "We are pleased to have put the litigation
behind us. The settlement enables us to focus our energies
entirely on the development and deployment of Nexsure and
the continued expansion of our well-built service and
support infrastructure.
About XDimensional Technologies, Inc.
XDimensional Technologies, Inc. develops and markets
software and other technology solutions, and serves as an
applications service provider for the insurance industry.
XDimensional Technologies’ hosted software and
professional service offerings are designed to enable more
efficient information management and transaction
processing among insurance carriers, professional
insurance agents, brokers, and policyholders.
Contact Information
XDimensional Technologies, Inc.
145 South State College
Suite 160
Brea, California
Phone: 800-789-2567
Fax: 714-672-8908
E-Mail:
exec-info@xdti.com |
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