mod, here was today's news;
(COMTEX) B: COMPUTER ASSOCIATES: CA Global Professional Services make
B: COMPUTER ASSOCIATES: CA Global Professional Services makes strategic
investment in I-Storm
JAN 20, 2000, M2 Communications - ISLANDIA, N.Y., and MOUNTAIN VIEW,
CALIF. -- Computer Associates International, Inc. (CA) and I-Storm,
Inc. (ISTM) today announced a strategic alliance that will leverage the
strengths of CA's Global Professional Services group's eBusiness
infrastructure experience and I-Storm's e-commerce experience to
finance, build and operate world-class e-commerce storefronts with the
critical back-end systems required by today's major corporations and
retailers. Through this alliance, CA and I-Storm will take advantage of
their combined expertise to create powerful eBusiness solutions for
brick-and-mortar companies that want to make the transition quickly and
effectively to "click and mortar"and that are willing to share equity.
Together, CA and I-Storm can deliver innovative eBusiness storefront
solutions offering seamless back-end integration, full scalability and
unparalleled reliability to companies challenged by critical eBusiness
initiatives. Under the terms of the agreement, CA will acquire an
equity interest in I-Storm, provide enterprise software as well as
software development and systems integration services, and assemble a
joint business development team focused on deploying robust, eBusiness
solutions in the business-to-consumer and business-to-business spaces.
CA will also acquire a seat on I-Storm's five-member board of
directors.
"This alliance creates a major new force in the e-commerce world,"
said I-Storm President and CEO Cal Lai. "By combining I-Storm's
expertise in e-commerce storefront development and operations with CA's
unmatched prowess in eBusiness infrastructure services, we are now in a
unique position to offer powerful click-and-mortar solutions for
Fortune 1000 companies struggling with their online programs. It's
truly a 'win-win-win' arrangement for our eBusiness partners."
I-Storm's business model focuses on the co-development of new online
channels for established brands using e-commerce knowledge and
operational expertise to create robust eBusinesses. The combination of
I-Storm's capabilities with CA Global Professional Services' vast
experience implementing enterprise management technology offers the
online marketplace a unique value.
"Our organizations truly have complementary strengths," said Chris
Wagner, executive vice president and general manager of CA Global
Professional Services. "I-Storm has a deep understanding of eBusiness
strategy, particularly as it relates to the online retail experience.
Their e-merchandising expertise is outstanding. One of the key
strengths of CA Global Professional Services is the ability to provide
the end-to-end IT infrastructure powered by Unicenter TNG to enable
eBusiness. Unquestionably, bringing together the strengths of both
organizations creates a compelling value proposition for eBusiness
clients."
The alliance also addresses the growing market revelation that
deploying reliable systems and application management platforms is only
a part of today's eBusiness requirements. I-Storm will be able to
exploit CA's innovative Neugents and visualization technology, enabling
online retailers to quickly spot usage and buying patterns. The
application of such advanced technology also enables clients to
instrument and monitor Web applications, providing valuable insight
into all facets of their eBusiness. The alliance enhances the complete
line of world-class eBusiness service offerings available from CA
Global Professional Services. These offerings range from strategic
"eBusiness transformation" planning and design to application
development and fully supported Web and eBusiness solution hosting.
With these offerings and the ability to tap into I-Storm's breadth of
online retail experience, CA Global Professional Services offers
clients a single, end-to-end vendor with which to partner for advanced
eBusiness initiatives.
Computer Associates International, Inc. (NYSE: CA), the world's
leading business software company, delivers the end-to-end
infrastructure to enable eBusiness through innovative technology,
education and support services. CA has 17,500 employees worldwide and
had revenue of $5.3 billion in fiscal year 1999. For more information,
visit www.cai.com. Computer Associates Global Professional Services has
more than 4,000 consultants in 44 countries around the world delivering
technology solutions for clients in the areas of enterprise systems
management, application development and integration, knowledge
management, eBusiness infrastructure, security and visualization.
Specific services include business assessment and consulting,
implementation, education and outsourcing. For more information on
Global Professional Services, please visit www.cai.com/gps/.
I-Storm, Inc. (OTC BB: ISTM) partners with successful brands to
co-develop, co-fund and co-manage aggressive e-commerce ventures.
I-Storm's expertise in e-business strategy, site development and retail
operations, coupled with its willingness to invest in the opportunities
it identifies, affords Fortune 1000 companies a unique opportunity to
quickly get to market with highly competitive e-commerce systems.
Combining the roles of an outsource service provider and an e-business
incubator, I-Storm builds and operates world-class online selling
systems, harnessing best-of-breed technologies and innovative business
practices drawn from its experience as a Silicon Valley pioneer in
e-commerce and interactive marketing. By leveraging the existing brand,
fulfillment and support infrastructures of its partners, I-Storm is
able to focus entirely on site development and growth, sharing in the
risks and rewards of the new channel. For more information, please
visit I-Storm at i-storm.com.
All referenced product names are trademarks of their respective
companies. The statements made in this release that are not historical
facts contain forward-looking information that involves risks and
uncertainties. Important factors that may cause actual results to
differ include, but are not limited to, the impact of competitive
products and services, each company's ability to manage growth and to
develop eBusiness, the effect of economic and business conditions,
changes in technology and other risks detailed from time to time in the
company's filings with the Securities and Exchange Commission.
-0-
(C)1994-2000 M2 COMMUNICATIONS LTDCONTACT: Herman Chin, Computer
Associates
Tel: +1 631 342-2364
e-mail: herman.chin@cai.com
Steve Venuti, I-Storm
Tel: +1 650 318-0300
e-mail: svenuti@I-storm.com
Aimee Boutcher, Boutcher & Boutcher
Tel: +1 973 239-2878
e-mail: aboutcher@aol.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
presswire.net on the world wide web. Inquiries to
info@m2.com)).
*** end of story *** |
