SGNT, another one that is near its 52 week low came out with some real positive news today. I believe we will see some kind of bounce from the news today. It is already gapping up.
Tuesday April 25, 8:14 am Eastern Time
Company Press Release
Sagent Selected by Brown Brothers Harriman to Power Customer
Relationship Solution
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 25, 2000--Sagent Technology Inc. (Nasdaq: SGNT - news), a leading
provider of Real-time e-Business Intelligence solutions, today announced that Brown Brothers Harriman, the oldest and largest
privately held bank in America, has selected the Sagent Solution to help power its client information delivery application. Sagent's
Solution allows the bank's account managers to quickly access the status of customer accounts populated with the most current information pulled from legacy systems.
``Having a complete and accurate analysis of our customers' account activity and historical data throughout the day is crucial for providing quality customer service,'' said Jim
Biggs, manager of IT applications for Brown Brothers Harriman. ``With Sagent's Solution, our account managers, as well as our customers, are able to view mission-critical
account information for conducting their business.''
Sagent delivers the only open, scalable solution that addresses the complete life cycle for e-Business Intelligence, including development, production and ongoing management
of a company's information assets. The Sagent Solution allows businesses to collect and analyze customer and operational data from existing systems and to incorporate the
most current geographic, business-to-business and demographic information from third-party content providers in real time. This information is then made available over the
Web via a secure connection to create precise one-to-one marketing campaigns, identify profitable sales opportunities, and improve operational efficiencies.
About Brown Brothers Harriman
Brown Brothers Harriman is a privately held, owner-managed partnership that provides financial services in eight key areas: commercial banking, currency consulting,
securities brokerage and research, mergers & acquisitions, private equity, foreign exchange, investment management, and global custody. It maintains offices around the world
and enjoys a strong presence in the major financial centers. Its clients range from financial and multinational institutions to family-owned businesses and individuals. For more
information, please visit Brown Brothers Harriman at www.bbh.com.
About Sagent Technology
Sagent Technology (Nasdaq: SGNT - news) is a leading provider of Real-time e-Business Intelligence solutions that enable Global 2000 enterprises to win, retain and grow
customers, as well as improve operational effectiveness. Sagent provides products, services and value-added content that help businesses collect, analyze, understand and act
on customer and operational information in real time.
Sagent powers more than 1,100 customer-driven organizations around the world and across such diverse industries as e-commerce, financial services, insurance, healthcare,
and telecommunications. These include such market leaders as GE Capital, Sony Online Entertainment, MapQuest.com, Outpost.com, yuSave.com, Ticketmaster, Kemper
National Insurance, Royal & SunAlliance, United Healthcare and AT&T. Sagent has several strategic relationships, including ADP, Advent, CommerceOne, Compaq, EDS,
HAHT Software, IBM, Interpath, Microsoft and Siebel. Sagent is headquartered in Mountain View, California, and can be reached at www.sagent.com.
Note to Editors: Sagent is a registered trademark of Sagent Technology Inc. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements. There are certain important factors that could cause Sagent's future development efforts for Brown Brothers Harriman
to differ materially from those anticipated by some of the statements made above. Among these is the anticipation of the growth of certain market segments, the positioning of
Sagent's products in those segments, the competitive environment in the software industry, dependence on other products, changes to operating systems and product strategy
by vendors of operating systems, and the importance of new Sagent products.
Contact:
Sagent Technology Inc.
Michael A. Piotrowski, 727/725-9727
mpiotrowski@sagent.com
or
Miller/Shandwick Technologies
Coby Morley, 650/596-5824
cmorley@miller.shandwick.com |
