4Front Technologies, Inc. and Vignette Enter Consulting Partnership Agreement
- Partnership Extends 4Front's E-Commerce Relationship with Vignette -
LONDON--(BUSINESS WIRE)--Nov. 9, 1999-- 4Front Technologies, Inc. (''4Front'' or the ''Company'') (Nasdaq NM/EASDAQ Symbol: FFTI) today announced that it has signed a Consulting Partnership Agreement with Vignette Europe, the European division of Vignette Corporation, a leading US-based e-commerce software and services company.
Under the agreement, 4Front will provide consultancy services around Vignette's product set to enable its customers to develop online business models and implement e-commerce strategies.
In June, 4Front's training and education services arm entered into a European training partnership with Vignette. This Consulting Partnership Agreement extends 4Front's relationship with Vignette. Under this new agreement, 4Front will work with Vignette throughout Europe to rollout its product set, initially by targeting 4Front's substantial pan-European corporate customer base.
Anil Doshi, Chairman and CEO of 4Front, said, ''This new agreement reflects our concerted effort to move further up the IT services value chain, which we aim in part to achieve by growing our software consultancy business. Over the past few months, 4Front has strengthened the management of its software consultancy arm and has considerably extended its consultancy resources, particularly in the area of e-commerce.''
Mr. Doshi continued, ''We believe that the European market for e-commerce services will grow significantly in 2000 and we are positioning 4Front for meaningful participation in this market. In this first major step in the development of our e-commerce capability we are seeking to align 4Front with proven industry leaders and Vignette is clearly such a company. We have already built a good working relationship with Vignette through our training partnership and look forward to developing our relationship further in this exciting business area.''
4Front Technologies Inc.'s Description of its Business:
4Front Technologies, Inc., is a leading provider of information technology and outsourcing solutions, which consist of specialized computer services and complementary products, primarily to blue-chip corporations throughout Europe. 4Front's services and solutions include help-desk support, education services, product-related services, network services, systems integration, specialized software services and products and the supply of high-end storage systems. 4Front's customers include British Petroleum, British Telecom, Telecom Italia, Computer Sciences Corp., IBM, Phillips, Nokia, Siemens, Sony, Cegedim, Renault, Energis, Pfizer, Cariplo, Societe Generale and the UK Ministry of Defence. Additional information on 4Front can be found on the Company's website at www.4fti.com.
Vignette Corporation's Description of its Business:
Vignette Corporation (Nasdaq:VIGN - news), a leader in the category of Internet Relationship Management (IRM) software products and services, provides enterprise solutions for companies that are building businesses online. More than 225 global companies, including First Union National Bank, US West, National Semiconductor, DaimlerChrysler, Nokia, Qualcomm, CNET, Bertelsmann and Ziff-Davis' ZDNet, use Vignette solutions as part of their online strategy. Vignette has won numerous industry awards including the Red Herring Magazine's 1999 Top 50 public companies list; Red Herring Magazine's Best Overall Private Company in 1998 and 1998 Best Product Award for StoryServer; and Crossroads A-list Award. In April 1999, the company's StoryServer(TM) 4 was included in the Permanent Research Collection on Information Technology at the Smithsonian's National Museum of American History.
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Contact:
Investor Relations Contact:
Abernathy MacGregor Frank
Jason Thompson (U.S. Investor Relations), 212/371-5999
jft@abmac.com
Shandwick International
David Hothersall or Buster Cheetham,
(U.K. Investor Relations), 011-44-171-329-0096
dhothersall@shandwick.com
or
Company Contact: 4Front Technologies, Inc.
Mark Ellis or Ken Newell, 011-44-171-269-5848 |
