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Technology Stocks : Vignette Corporation (VIGN)

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To: Ave Joe who wrote (299)3/22/2000 8:00:00 AM
From: swisstrader  Read Replies (1) of 628
 
News: Wednesday March 22, 6:59 am Eastern Time
Company Press Release
SOURCE: Breakaway Solutions, Inc.; Vignette Corporation
Breakaway Solutions Teams with Vignette to Deliver Leading Personalization And Content Management Software
Strategic Agreement Between Leading E-Business Firms Adds Key Platform To Breakaway Solutions' Full Service Provider Model
BOSTON, March 22 /PRNewswire/ -- Breakaway Solutions, Inc. (Nasdaq: BWAY - news), the leading Full Service Provider (FSP) of integrated strategy, e-business implementation, and application hosting solutions for growing enterprises, and Vignette (Nasdaq: VIGN - news), the leading provider of e-business applications, today announced a strategic agreement to help growing enterprises build successful e-businesses.

Under the agreement, Breakaway Solutions will be delivering Vignette's leading personalization and content management software platform to Breakaway Solutions' customers. In addition, the companies have signed a letter of intent, which will allow Breakaway Solutions' application service provider group to provide a hosted offering of Vignette's e-business platform.

By combining Vignette's award-winning e-business application platform with Breakaway Solutions' proven ability to help customers rapidly transfer their business visions on the Web, the combined team will help growing enterprises compete and win online. The relationship will allow Vignette and Breakaway Solutions to build a complete, integrated e-business solution for customers more quickly, while providing these customers with confidence in the underlying technology and services.

``As part of our FSP model we evaluate which software platforms will best serve our customers' needs and there is a real demand for personalization and content management -- key functionalities in the Vignette e-business application platform,' said Gordon Brooks, president and CEO of Breakaway Solutions. ``Vignette has the best overall solution to meet these needs and Breakaway Solutions can implement this capability rapidly to help our customers get to market first.'

Through its flagship product StoryServer, Vignette provides the most robust, scalable and secure platform for e-business, and meets the demanding needs of growing business-to-business enterprises. Built on an open, scalable, and significantly enhanced architecture, StoryServer helps businesses build life-long relationships with their customers and business partners, manage the cost and complexity of deploying compelling e-business applications, win the race against their competitors, and scale as their e-businesses grow.

``Breakaway Solutions is a key alliance for us,' said Greg Peters, president and CEO of Vignette. ``We really like its FSP model and its focus on helping growing enterprises develop and deploy B2B e-businesses. Our e-business application platform is the perfect match for the needs of these growing companies.'

As part of the agreement, the companies will participate in joint training and marketing programs to promote the offering. Breakaway Solutions has already integrated Vignette's platform into the e-business of one of its FSP customers, 4anything.com, a category leading network of more than 1,250 Internet sites.

``Our team of consultants at Breakaway Solutions and Vignette, together with 4anything.com's internal strategy experts, determined that Vignette's software was the best solution to create a personalized experience for each of our customers, said Michael Clancey, vice president and CIO of 4anything.com . 'We've been very pleased with the performance of the software and the speed with which Breakaway Solutions and Vignette, working with our internal team, got us up and running.``
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