2nd Mil
19 years ago
Form 8-K for INFODATA SYSTEMS INC
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30-Dec-2004
Entry Material Agreement
Item 1.01 - Entry into a Material Definitive Agreement.
On December 23, 2004, the Registrant entered into an amended employment agreement with its President and Chief Executive Officer, Edwin A. Miller. In accordance with the terms of the amended agreement, Mr. Miller will receive an annual salary of $275,000.
Under the amended employment agreement, Mr. Miller may receive bonus compensation subject to the satisfaction of various conditions. Generally, Mr. Miller will be entitled to receive bonus compensation based upon: (i) the Registrant's achievement of varying levels of revenue and net income; (ii) (a) the revenues of any acquired company and (b) the successful integration of such acquired company's operations; and/or (iii) the consideration paid by a company that merges with or acquires the Registrant and the judgment of the Board as to Mr. Miller's performance as Chief Executive Officer until the time of the merger or acquisition. The amended employment agreement became effective retroactively as of November 15, 2004, Mr. Miller's employment anniversary date.
Pursuant to the amended employment agreement, Mr. Miller was also granted an incentive stock option to purchase 100,000 shares of the Registrant's common stock at an exercise price of $1.725 per share. The stock option became exercisable to the extent of 25% on November 15, 2004 and is cumulatively exercisable to the extent of 25% each year thereafter.
2nd Mil
19 years ago
Infodata Issues Statement on Unusually High Trading Volume and Share Price
December 22, 2004 08:42:00 (ET)
HERNDON, Va., Dec 22, 2004 (BUSINESS WIRE) -- Management of Infodata Systems Inc., (INFD, Trade), a leader in delivering open solutions for enterprise content management, commenting on the unusually high trading volume and increase in yesterday's market price of the stock, advised that it is not aware of any new developments or circumstances that would cause these increases
2nd Mil
20 years ago
Infodata Further Develops Compliant-Driven Solutions With a Content Management Services Layer (CMSL)
HERNDON, VA -- (MARKET WIRE) -- 22-03-2004 -- Infodata Systems Inc. (OTC BB: INFD), a leader in IT solutions for content management, today announced plans to further develop the distinctive Content Management Services Layer (CMSL) to enhance the capabilities of Electronic Content Management (ECM) systems. The CMSL gives enterprise and government customers the necessary functionality to streamline regulatory compliance mandates, better manipulate electronic documents, and facilitate the persistent protection of electronic content as it leaves the network environment.
The CMSL is extremely valuable for those organizations that have content management systems and require an open approach to allow for significant improvement in interoperability between commercial-off-the-shelf applications. Until now, wider adoption of content management systems has been hampered by the limited ability to effectively migrate content with its associated mission critical processes. The CMSL is extremely valuable in the establishment and optimization of content management systems as an open approach that bridges the gap between the desktop and the backend system. Infodata creates a robust CMSL for customers that provides for highly effective user functionality such as parallel document review and annotations, automated document assembly, link management and error correction, content formatting, metadata management, document auditing, eCTD auditing, automated publishing, and content security.
Customers recognize the value of the CMSL. As agencies such as the FDA, EPA, CDC, FDIC and others within the Department of Defense build out more robust ECM environments, Infodata is pleased to be a part of these initiatives by bringing both our domain expertise and our products together to tailor solutions that precisely match their unique missions.
Troy Hartless, the vice president and GM of government and commercial, commented on Infodata's open approach to content management, "Compliance mandates and increased security issues continue to force the adoption of ECM systems to control content. Demand continues to increase for functionality that specifically addresses how that content is authored, reviewed, assembled and published, secured and archived. These are some of the critical areas we address within the CMSL. We translate compliance-driven needs into the proper technology implementation to help our customers increase their efficiency, lower implementation and operational costs, and expand automation around content management."
Infodata, which has 6000 Customers Worldwide, including 500 of the Global 1000 and over 20 government agencies, is exhibiting at the FOSE Expo March 23 through 25 and will be showcasing their government solutions.
About Infodata Systems Inc.
2nd Mil
20 years ago
Infodata Prepares Advanced Annotation Tools for Emerging Regulatory Compliance Mandates and Business Process Requirements
December 03, 2003 11:17:00 (ET)
HERNDON, Va., Dec 3, 2003 (BUSINESS WIRE) -- Next generation of AnnoDoc(R) provides significant increase in capabilities for importing and versioning of annotations
Infodata Systems Inc., (INFD, Trade) a leader in IT solutions for content management, today announces the upcoming release of its next generation of AnnoDoc(R), the market leading content review application. Built on the Infodata Foundation Server (IFS), AnnoDoc will be unique in the marketplace for its ability to simultaneously deliver annotations across multiple enterprise content management (ECM) applications and multiple databases within the same organization. Over 175,000 licenses have been deployed worldwide in organizations that have come to rely and trust AnnoDoc to meet and exceed important aspects of their regulatory and compliance process needs.
Today's regulatory and compliance environment is becoming more restrictive than ever. With as many as 4,000 new rules being created annually by 160 federal agencies implementing laws passed by Congress, organizations must carefully and purposefully update their operational environments to meet new mandates, and at the lowest possible total cost of ownership. It is at this point where Infodata delivers AnnoDoc for assistance in achieving regulatory compliance mandates and advanced business process requirements.
Infodata has designed AnnoDoc 2.0 in response to feedback from customers based on past use of AnnoDoc and where it could be further leveraged. This next generation of AnnoDoc will deliver more sophisticated annotation capabilities that enable the enterprise to be more responsive to today's restrictive regulatory environment. In addition to its existing market leading features, the new product release will allow enterprises to:
-- Retain the versioning of annotations in conjunction with
versioning of documents;
-- Take ownership of imported annotations while retaining the
name, date, and time stamp of the originating external
annotation author(s);
-- Provide for automatic annotation retrieval upon opening of
document for process efficiency; and,
-- Index annotations as groups of collections in the content
repository for more streamlined and intuitive annotation
management, retrieval, and reporting.
To support today's modern, integrated systems, Infodata has built AnnoDoc upon the Infodata Foundation Server (IFS) that provides the ability to quickly build plug-ins to multiple ECM applications and multiple databases. With this ability, large organizations can deploy a single annotation application across multiple content stores to significantly increase compliance actions and reporting while driving down the total cost of ownership.
Infodata anticipates that AnnoDoc 2.0 will be generally available in the spring of 2004. In the mean time, Infodata will be rolling out the beta version of AnnoDoc 2.0 to select customers. Should you be interested in joining the AnnoDoc 2.0 beta program, or desire additional information on this important release, please contact our sales department at 800-336-4939, or send an email to annodoc@infodata.com to be added to our product mailing list. More information about AnnoDoc is on our web site at www.infodata.com.
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