CRITICAL PATH Inc. (OTC:CPTH)
Industry: Services
Critical Path, Inc., incorporated in 1997, delivers software and services that enable the deployment of scalable valued-added solutions for messaging and identity management. The Company's messaging and identity management solutions help organizations expand the range of digital communications services they provide while helping to reduce overall costs. Its messaging solutions, which are available both as licensed software and as hosted services, provide integrated access to a range of communication and collaboration applications from wireless devices, Web browsers, desktop clients and voice systems. Identity management solutions are designed to reduce burdens on helpdesks, simplify the deployment of security infrastructure, enable compliance with regulatory mandates and help reduce the cost and effort of deploying applications and services to distributed organizations, mobile users, suppliers and customers. During the year ended December 31, 2004, the Company expanded restructuring activities by focusing its business on messaging solutions for service providers. These activities included the restructuring of contracts, consolidation of certain activities to offices in Toronto, Canada and Dublin, Ireland from higher cost areas, such as the San Francisco Bay area, the elimination of approximately 20% of the workforce and the reduced use of third-party contractors. This effort began in August 2004 and continued into 2005. Messaging Solutions and Applications Critical Path's messaging applications are licensed by telecommunications carriers, service providers and government agencies and some distributed enterprises for deployment in their data centers. These licenses are usually sold as a perpetual license on a per-user basis, one for each person who might access the capabilities provided by the software. Services are also offered as hosted services, where the Company provides access to and hosts e-mail, personal information management, such as calendar and contacts, resource scheduling and newsgroups. Unlike with licensed software, customers of these services do not need to install or maintain their own copies of the software. Instead, customers pay initial setup fees and regular monthly, quarterly or annual subscriptions for the services they would like to be able to access. In February 2005, Critical Path introduced Memova, which is used with the Company's other messaging solutions, including Memova Messaging, Memova Mobile and Memova Anti-Abuse. Memova Messaging provides e-mail solutions and other services that are accessible via wireless devices, the Web and desktop e-mail clients, such as Microsoft Outlook. Memova Mobile, meanwhile, allows delivery of push e-mail to inexpensive mobile telephones that support multimedia messaging service (MMS). The Memova Mobile service uses simple text messages from the user's mobile phone with no software required on the device. Memova Anti-Abuse provides protection against spam, viruses and other malicious attacks before they can enter or exit the end-customer's mail system. Critical Path Messaging Server is a scalable messaging server that enables the delivery of services from e-mail and MMS to unified messaging and next-generation voicemail services. Critical Path Personal Information Management Suite (PIM) includes Critical Path Personal Address Book Server. The latter provides centralized storage of contact information used by messaging applications. The PIM suite also includes Critical Path Calendar Server, which offers collaboration features, such as group scheduling and availability lookup and shared access to calendars and task lists. Critical Path Internet File Server provides global sharing of files, both for enterprise collaboration and for extending MMS multimedia files to the Web for easy storage and sharing. Also included is Critical Path Notification Server, which automatically generates alerts based on user-specified events in Critical Path and third-party applications. It routes and delivers alert messages via short message service, wireless applicat
As Of: 10/07 00:00 ET
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