Cysive and Sterling Capital Announce
Strategic Relationship
Cysive Will Be "Go To" Builder of E-Business Systems
Reston, Va. - February 16, 2000 - Cysive, Inc., (Nasdaq: CYSV), premier
builders of e-business architectures, today announced that it has been
chosen as the designated builder of e-businesses for Sterling Capital,
Ltd., a diversified holding company. The two companies have
established a strategic relationship that will bring together Cysive's
experience and track record at building the world's most robust
e-business systems along with Sterling's strategy to fund and launch
next-generation e-businesses.
The two companies' current collaboration is an online training and
career management site for LeapIt.com, LLC, that will use cutting edge
technologies and multimedia for Web-based training of IT professionals.
"In today's second-wave digital economy, anyone building a business on
the web understands that it must succeed on the first try, otherwise
there is always a competitor in line to take its place," said Nelson
Carbonell, President and CEO of Cysive. "Cysive has the technology
experience and deployment success record to take business to the web
with confidence."
"We needed an e-business architect that could consistently build the
technologically demanding, state-of-the-art systems that the Sterling's
e-business strategy demands in order to stay ahead of competitors,"
said Steven Taslitz, Managing Director of Sterling Capital. "Cysive's
experience at building these kinds of systems meant that it was the
logical choice for us."
About CysiveCombining an experienced and highly skilled development
staff with the use of cutting-edge technologies, Cysive has established
itself as a leading builder of custom e-business systems for Global
2000 customers - including AT&T, Cisco Systems, Classified Ventures
(cars.com), DaimlerChrysler, First Union and Qualcomm. Cysive's track
record for quality and reliability is unmatched in the e-business
industry. Cysive is headquartered in Reston, Va. with additional
offices in Atlanta, Chicago, Dallas, Mountain View, Calif., and
Southern California and a sales office in New York. Cysive can be found
on the Internet at www.cysive.com.
About Sterling Capital
Sterling Capital Ltd. is a private investment firm with corporate
offices in Baltimore, Chicago, and New York. Since its formation in
1983, the firm has engaged in a diverse range of activities, including
the acquisition and management of operating companies and commercial
real estate, venture capital investing and investment management and
trading.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Cysive's
business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion of
such risks and uncertainties, which could cause actual results to
differ from those contained in the forward-looking statements, see
"Risk Factors" in the Company's prospectus dated October 15, 1999.
-0-
Contact: Penny Karas
Cysive, Inc.
703.810.2562
pkaras@cysive.com
Jonathan Osmundsen
For Cysive, Inc.
415.775.7891 |
