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Technology Stocks : KEA (Keane) Application Outsourcing for E-Commerce

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To: bob zagorin who wrote ()3/7/2000 2:08:00 PM
From: bob zagorin  Read Replies (1) of 34
 
Keane, Inc. Passes Milestone With More Than 25 Application Outsourcing Engagements Certified at CMM Level 3

Keane Displays Commitment to Improve Client Processes

BOSTON, March 7 /PRNewswire/ -- Leading business and information
technology (IT) consulting firm Keane, Inc. (Amex: KEA), shows further
evidence of its commitment to deliver proven return-on-investment to its
customers as it passes a milestone of having more than 25 client engagements
certified at Level 3, as measured against the Software Engineering Institute's
(SEI) Capability Maturity Model (CMM(R)). Cincinnati Bell is Keane's latest
application outsourcing client to be certified.

(Photo: newscom.com


The Center for Systems Management (CSM), a worldwide training firm
specializing in project management, systems engineering and software process
improvements, is providing the independent certification for all of Keane's
client engagements. Other Keane clients to receive Level 3 certification
include State Street Bank, Merrill Lynch, Maidenform, AT&T, Toyota, and Bell
Atlantic. In addition, Keane has two engagements, Sears and People's Energy,
which have achieved Level 4 certification.

"Keane made the decision in 1997 to provide all of our application
outsourcing clients the competitive advantage of industry-accepted, advanced
IT processes. Our CMM-compliant methodology and processes enable our clients
to reap the benefits of reduced costs, shorter time to market and continuous
measurable improvement," said Tim Barry, vice president, application
outsourcing, Keane, Inc. "Keane has proven that we have the capabilities
necessary to provide our clients these benefits considerably faster than the
industry average. This clearly positions Keane as a world-class application
outsourcing provider."

Keane's average time to bring a client to CMM Level 3 is 12 months, an
impressive contrast to the industry average of approximately 3.5 years.

Keane is using the CMM as one method of validating and quantifying the
business value it brings to clients. The SEI's Capability Maturity Model is
an objective vehicle for helping companies achieve information systems (IS)
process improvements by presenting a series of five well-defined levels, each
outlining practices to be adopted and goals to be met before advancing to
greater process maturity. The CMM has become a de facto standard for
measuring the effectiveness of IT organizations. Of the surveyed companies
evaluated for CMM compliance, fewer than 15 percent achieve Level 3 and less
than three percent of all evaluated organizations achieve a Level 4 rating,
according to the SEI. Most organizations are at Level 1, the lowest level.

Having advanced CMM processes in place provides Keane's clients with key
business benefits, including significant productivity improvements, quicker
development cycles, lower production application support costs, improved
process quality, and the achievement of a high-performance IT organization
that supports the business.

Headquartered in Boston, Massachusetts, Keane, Inc. is a $1 billion firm
that helps companies plan, build and manage applications to achieve business
advantage. Keane does this by adhering to rigorous process and management
disciplines and performance metrics incorporated in its core IT solutions.
Keane's services include business innovation consulting, digital strategy, e-
Solutions, customer relationship management (CRM) and application development
maintenance outsourcing. These services are delivered through a network of
more than 50 branch offices in North America and the United Kingdom.
Information about Keane is available via www.keane.com or via Shareholder
Direct at 1-800-75-KEANE.

This release contains a number of forward-looking statements concerning
the company's current expectations as to future growth. Actual results may
differ materially depending on the various factors set forth under the caption
"Certain Factors That May Affect Future Results" in the company's annual
report or Form 10-K for the year ended December 31, 1998, which important
factors are incorporated herein by reference. Such factors include business
conditions, the successful completion of software development or management
projects, the availability of professional staff and various other factors
which involve risk and uncertainty.

SOURCE Keane, Inc.

CO: Keane, Inc.

ST: Massachusetts

IN: CPR MLM

SU:

03/07/2000 14:01 EST prnewswire.com
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