Ted - Are you Psychic? Just as you post that the other partners may announce the contracts --- Wella!!! WOW 250th y2K contracts so far!!
Keane Signs Year 2000 Compliance Contract with First
Citizens Bank
PR Newswire - June 03, 1997 11:11
FINANCIAL KEA FCNCA CPR FIN CON V%PRN P%PRN
Jump to first matched term
Keane Begins Third Phase of Effort, Establishes Program Management Office
BOSTON, June 3 /PRNewswire/ -- Keane, Inc. (AMEX: KEA), a leading software
services firm and provider of year 2000 compliance solutions, has been awarded
a year 2000 compliance contract by First Citizens Bank (Nasdaq: FCNCA), based
in Raleigh, North Carolina. The agreement is Keane's 250th year 2000 contract
to date.
The new contract is a continuation of Keane's previous year 2000 work with
First Citizens. Keane was selected by the bank at the start of the bank's
year 2000 effort, and recently successfully completed an enterprise planning
assessment and strategy and conversion plan for preparing all of the bank's
40 mission-critical mainframe applications to operate in the new century.
First Citizens expects to complete its year 2000 effort by the end of 1998.
Under the new contract, Keane will provide continued direction and support
for the third and final phase of the project, which includes plan
implementation, code remediation and testing of the bank's 1400 impacted
mainframe programs. Keane's Raleigh-based team will continue to apply its
Productivity Management and Resolve 2000(R) methodologies and leverage
VIASOFT's tools throughout the implementation process. In addition, Keane has
established a program management office to provide leadership, coordinate
activities for the year 2000 effort, monitor the process and communicate the
status of the efforts throughout the bank.
"First Citizens Bank is committed to successfully meeting the challenges
of the next millennium. With Keane's help, we will successfully address the
year 2000 opportunity," said Joe Cooper, Chief Information Officer/Group Vice
President for First Citizens.
"First Citizens has moved aggressively to achieve full systems compliance
well before the year 2000," said Tamara Anderson, Branch Manager for Keane's
Raleigh office. "We are pleased to continue our successful partnership with
First Citizens and are committed to helping them reach their compliance
goals."
With nearly $8 billion in assets, Raleigh, North Carolina-based First
Citizens Bank operates more than 300 branches, serving 186 towns and cities in
North Carolina and Virginia.
Keane, Inc. is a $550 million application development, outsourcing and
integration services firm headquartered in Boston, Massachusetts. Keane helps
Fortune 1000 corporations, government agencies and healthcare institutions
achieve their business objectives by developing, maintaining and applying
information technology. Keane's services, delivered through a North American
network of 40 branch offices, include application development, application
management outsourcing, year 2000 compliance, and help desk outsourcing.
Information about the company is available via the Internet's World Wide Web
at keane.com.
This release contains a number of forward-looking statements concerning
the company's current expectations as to future growth. Actual results may
differ materially depending on the various factors set forth under the caption
"Certain Factors That May Affect Future Results" in the company's annual
report or Form 10-K for the year ended December 31, 1996, which important
factors are incorporated herein by reference. Such factors include the
ability of First Citizens under certain circumstances to cancel its contract
with Keane, the ability of Keane to perform services for First Citizens in an
effective manner, changes in business conditions, the successful completion of
software development or management projects, the availability of professional
staff and various other factors which involve risk and uncertainty.
SOURCE Keane, Inc.
G-man |
