In-Q-Tel signs expanded license agreement with Traction Software

ImageProvidence, Rhode Island, June 13, 2002 - In-Q-Tel, a venture group funded by the Central Intelligence Agency (CIA), has recently signed an expanded enterprise software license agreement with Traction Software, Inc.​, providing use rights for the latest version and multi-year upgrades of Traction’s workgroup information-sharing software.​

“Traction’s product is a valuable tool among our growing portfolio of cutting-edge technologies that benefit enterprises like the CIA,” said Gilman Louie, president and CEO, In-Q-Tel.​ “The value of Traction is that it makes collecting, organizing, and publishing information to the web or intranet as easy as using email.​”

Traction delivers software that creates an information-sharing system for business teams that works like the web.​ With the introduction of Traction TeamPage™, email and web browsers become powerful web publishing tools for business users.​ Current corporate Intranets are composed primarily of static web pages created with web authoring tools, structured data from enterprise systems and external feeds (news, stock quotes, weather, horoscopes, etc.​).​ As a result, email has been the only realistic alternative for business teams to actively communicate and share information.​

TeamPage plugs easily and cost effectively into any Intranet to create a contextual information hub for teams.​ Traction’s best-of-breed solution addresses the vital need for business users to provide up-to-date Intranet content, enabling teams to capture, use, and share their high-value information more efficiently.​

“This agreement signifies the value In-Q-Tel sees in our product for its government customers,” said Tim Simonson, CEO, Traction Software.​ “Today, government and commercial users alike are seeking solutions that reduce cost and solve information management challenges using standardized web technology.​”

TeamPage™ is deployed in technology, manufacturing, finance and government organizations to address pervasive information-sharing needs.​

About Traction Software

The firm’s flagship product, Traction TeamPage™, makes the business intranet a writable web.​ TeamPage™ addresses the business need for a unified, on-demand view of team content and communication from all sources in context.​ Traction Software is a technology leader in hypertext systems.​ Traction’s pending patent covers the fundamental indexing, cross-reference and navigational elements that jointly make the Traction platform unique.​ The company distributes its products directly and through global channel partners.​ Traction Software was founded in 1996 and is located in Providence, Rhode Island.​ Investors include In-Q-Tel, Slater Interactive and private individuals.​ Learn more at www.​tractionsoftware.​com.​

About In-Q-Tel

In-Q-Tel is a private, independent, enterprise funded by the CIA.​ Launched in 1999, In-Q-Tel's mission is to identify and invest in companies developing cutting-edge information technologies that serve United States national security interests.​ Working from an evolving strategic blueprint that defines the CIA's critical information technology needs, In-Q-Tel engages with entrepreneurs, established companies, researchers and venture capitalists to deliver technologies that pay out in superior intelligence capabilities for the CIA and the larger Intelligence Community.​ Learn more at www.​in-q-tel.​org.​

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