INSCI secures dominant market share position in mutual fund industry with sale at Putnam Fiduciary Trust; Combination COINSERV and Monarch system to provide online access and analysis of "electronic paper" reports

Business Wire, Feb 28, 1996

WESTBOROUGH, Mass.--(BUSINESS WIRE)--Feb. 28, 1996--INSCI Corp. (NASDAQ:INSI), the leading U.S. supplier of client/server-based COLD systems, today announced a significant order from Putnam Fiduciary Trust Co., of Boston.

Putnam will install INSCI's Advanced COINSERV document management system and a 300-user license for the Monarch for COINSERV data mining and analysis in its Institutional and Mutual Fund Accounting departments to dramatically reduce paper usage and significantly improve productivity.

"Putnam exemplifies the type of organization committed to paper reduction that we are targeting for delivery of our high performance, high functionality data to knowledge enabling systems," noted INSCI's Jim Matteson, vice president, sales and marketing. INSCI recently announced a strategic alliance with Datawatch Corp., the developer of Monarch, to radically change the economic paradigm for data warehousing and decision support systems by taking advantage of INSCI's core competency in document archive and retrieval. -0-

Putnam Investments is one of the oldest and largest money management firms in the United States with over $125 billion in assets under management.

INSCI Corp. develops, markets and supports client/server data storage and document management software utilizing optical disk storage technology to index, archive, retrieve and distribute computer-generated documents and scanned images including statements, reports, invoices and transaction data. The company also provides customers with an extensive range of system integration and consulting services based upon its expertise in data storage, data warehousing and data mining. INSCI Corp. is headquartered in Westborough, Mass.

CONTACT: INSCI Corp.

Sandy Gillis, 508/870-4205