Wednesday December 22, 7:59 am Eastern Time
Company Press Release
Cambridge Technology Partners Recognized as E-business Leader by Fortune and the Industry Standard
Continues to Build E-Business Strategies and Infrastructures with Companies Such As Timken, Tandy Corporation/Radio Shack, and Wal-Mart
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dec. 22, 1999-- Cambridge Technology Partners, Inc. (NASDAQ:CATP - news; Cambridge), a global e-integration services provider, today announced that FORTUNE Magazine and The Industry Standard, premier business publications reaching more than 1 million executives, have recognized Cambridge as a top e-business solutions builder. Cambridge was named to the FORTUNE e-50, a new tracking index for the New Economy, and also to The Industry Standard's 100 Most Important Companies in the Internet Economy.
FORTUNE, which reaches more than 780,000 CEOs, COOs and other executives worldwide, chose only companies that it believes understand the power of the Internet to change business. Cambridge was one of only three Internet services firms to earn e-50 recognition.
The Industry Standard, a weekly magazine whose approximately 125,000 subscribers are movers and shakers in the Internet economy, looked not only at revenues for its assessment of top e-business companies, but also assessed companies' influence and long-term prospects.
These accolades are based on Cambridge's proven strength in providing clients with complete e-business solutions, including actionable digital strategies, user-friendly customer interfaces, and back-office integration. Because of Cambridge's recognized ability to architect and build complex, end-to-end transactive infrastructures that help clients compete and win in the New Economy, companies worldwide such as Tandy, The Timken Company and Wal-Mart have recently signed on to work with Cambridge.
``When we were looking for an e-business integrator to work with, we didn't want to fall into the trap of working with the IPO of the moment- we wanted to work with a company that we could trust, that has deep skills and an understanding of our business,' said Bob Gellman, vice president online strategies, Tandy Corporation/Radio Shack. ``Cambridge stood out as a company that had the range of necessary skills, and a strong, long-standing track record of bringing both established and new companies online. They were the natural choice.'
Cambridge continues to evolve its rich set of New Economy services, increasing investments in its digital strategy and user experience/design practices. In addition, Cambridge is expanding its NewCo Solutions group, which is responsible for helping clients such as NatWest (Cybuy) and Winstar (Office.com) build, launch, and in some cases fund startups and spinoffs.
``Since our first e-business project in 1994 and subsequently launching the industry's first dedicated Internet services practice in 1997, Cambridge has been committed to helping clients assess the Internet's impact on their businesses. We have been committed to building the strategic, technical and organizational solutions that will help them win in the competitive New Economy,' said Cambridge president and CEO, Jack Messman. ``These accolades from FORTUNE and The Industry Standard - the premier media heralds for the Internet Economy - prove that our commitment and investment are paying off and that clients have a clear choice when selecting an e-business solution partner.'
Some of the leading companies that have chosen to work with Cambridge include Cybuy (for demo see www.cybuy.com), Office.com (www.office.com), SelfCare (www.selfcare.com), and Nickelodeon (www.redrocket.com).
About Cambridge Technology Partners
Cambridge Technology Partners provides management consulting and systems integration services to transform its clients into e-businesses. Working in collaboration with Global 1000, high-velocity middle market companies, and .com start-ups, Cambridge combines a deep understanding of New Economy issues with integrated, end-to-end services and a proven track record of shared risk and rapid, guaranteed delivery. Cambridge generated $612 million in 1998 and has more than 4500 employees and 55 offices worldwide. Cambridge on the Web: ctp.com.
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Contact:
General press inquiries, contact:
Cambridge Technology Partners
Julia Richardson
Public Relations
(617) 914-8833
jricha02@ctp.com
or
Investment community and financial press, contact:
Cambridge Technology Partners
Donna Lavoie
Investor Relations
(617) 914-8073
dlavoi02@ctp.com
or
Cambridge Technology Partners
Claire Murphy
Investor Relations
(617) 914-8862
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