Back on track

After a rocky year of financial missteps and product delays, Altris Software is bouncing back with litigation issues resolved and new software ready for heavy transaction loads.

For dropping their charges against Altris and former executives Jay Tanna and John Low, Altris shareholders will receive $2.5 million and approximately 2.3 million shares of company stock. Altris officials will also hand over certain sensitive documents and information requested in the lawsuit.

Altris has also upgraded the production version of its document management software suite. Altris EB Version 11.0 offers document management and workflow with typical features like indexing, searching, imaging and document creation. EB also integrates tightly with Microsoft BackOffice, and features strong Windows NT-based transaction processing which could "set a new benchmark in EDMS integration with enterprise-wide applications," according to the Delphi Group.

With EB Version 11.0 users can "acquire, manage and distribute information and help them move towards developing a knowledge management enterprise," said Altris CEO Roger Erickson.

Delphi Group analysts say the new release will be competitive in the Microsoft NT/Windows 2000 environment with competitors such as InterTech, FileNet, and Documentum, all of whom have substantially enhanced their NT/Microsoft offerings since the original EB announcement last year