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Condor i-solution Helps Meet the Challenges of Deregulation for
American Electric Power
PR Newswire - June 16, 1999 08:15
ANNAPOLIS, Md., June 16 /PRNewswire/ -- Condor Technology Solutions, Inc., (Nasdaq: CNDR) a leading
provider of end-to-end information technology solutions, today announced that its i-solution for Decision Support
is helping more than 400 users at American Electric Power (AEP) meet the challenges of utility deregulation.
Deregulation has forced energy utilities to shift their focus from justifying costs to managing profits to effectively
compete and retain marketshare. Condor's i-solution for Decision Support consolidates and provides access to
financial data, and data from a number of other sources, giving users a clearer picture of how operating performance
and cost profiles contribute to greater operating efficiency and profits. Companies can more intelligently use this
information to succeed in this new business model.
"Energy utilities throughout the nation are facing a true paradigm shift in the way they get their jobs done," says
Bob Bergert, energy delivery & customer relations for AEP. "We need every decision-maker in our organization to
think in new ways. The only way to accomplish this is to give our people the power to explore a number of data
types in one system. Condor's i-solution for Decision Support helps us perform 'what if' scenarios and analyze
information under different business situations."
Overall, the solution, developed in conjunction with Hyperion Solutions and AEP's Business Unit, is helping AEP
to access and analyze data more effectively than ever before. Utilizing this solution, AEP can understand market
trends and create more efficient business processes, which is crucial to the Columbus, Ohio-based utility's future.
"Deregulation marks the first time AEP's decision-makers have had to consider competitive market information,"
says Karen Loe Hutchinson, division vice president of Decision Support Services with Condor Technology
Solutions, Inc. "With the i-solution for Decision Support, AEP's strength within the market will be fortified by the
ability to perform competitive analysis, forecasting and other practices that use information as a means to
understand cause and effect relationships."
One key to the success of Condor's solution at AEP is its scalability -- a feature that allows AEP to extend analytical
capabilities to decision-makers at all levels of the organization across the seven mid-western states in which AEP
operates.
American Electric Power
AEP (NYSE: AEP), a global energy company, is one of the United States' largest investor-owned utilities, providing
energy to three million customers in Indiana, Kentucky, Michigan, Ohio, Tennessee, Virginia and West Virginia.
AEP has holdings in the United States, the United Kingdom, China and Australia. Wholly owned subsidiaries
provide power engineering, energy consulting and energy management services around the world. The company is
based in Columbus, Ohio. The Energy Delivery Business Unit employs more than 6,200 people working in more than
50 individual locations. News releases and other information about AEP can be found on the World Wide Web at
aep.com.
Condor Technology Solutions, Inc.
Condor Technology Solutions, the enterprise portal solutions provider, uses its experience in delivering end-to-end
enterprise resource planning, customer relationship management, supply chain management, and decision support
applications to build user-specific enterprise portals (browser-based windows to the enterprise) to better leverage a
company's IT investments. Condor's 1,000+ employees in 31 cities provide end-to-end IT solutions to Fortune 1000
firms, middle-market companies and government agencies. For more information please visit the Condor Web site at
condorweb.com.
Safe Harbor
Statements in this press release that are not strictly historical are "forward looking" statements that are subject to
risk and uncertainty. Factors that could cause actual results to differ materially include, but are not limited to,
managing risks associated with client projects, competition, acquisitions, acquisition integration, retention of clients
of acquired companies, attracting and retaining highly skilled employees, revenue and earnings assumptions based
on assumptions about continued growth and margins, as well as other risks detailed in company reports filed with
the Securities and Exchange Commission, including its prospectus, 10-K and 10-Q filings.
For further information, contact Howard Schapiro of Condor Technology Solutions, 412-343-4000, or
howard@condorweb.com; or Surya Dill of Stackig Public Relations for Condor, 703-342-2639, or sdill@stackig.com
SOURCE Condor Technology Solutions, Inc.
/CONTACT: Howard Schapiro of Condor Technology Solutions, 412-343-4000,
or howard@condorweb.com; or Surya Dill of Stackig Public Relations for Condor,
703-342-2639, or sdill@stackig.com/
/Web site: aep.com
/Web site: condorweb.com
(CNDR AEP)
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CNDR AEP %CPR %UTI V%PRN P%PRN |
