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Technology Stocks : Convergent Group - CVGP

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To: vladz who wrote (1)9/7/2000 4:04:17 PM
From: vladz   of 7
 
Thursday September 7, 3:36 pm Eastern Time
Press Release
Convergent Group, Vignette Corp. Join Forces to Offer Utility, Government eBusiness Solutions
Partnership Adds Web Content Management to Business Transformation Solutions
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Sept. 7, 2000--Convergent Group, a leader in business transformation for utilities and local government, and Vignette Corporation (Nasdaq:VIGN - news), a leading supplier of eBusiness applications for building online businesses, today announced an alliance to integrate the Vignette(TM) V/Series(TM) E-business Platform into Convergent Group's Digital Utility(SM) and Government Gateway(SM) solutions.

Vignette's products enable businesses to create and extend relationships with prospects and customers via the Internet, and ease high-volume transaction exchanges with suppliers and partners, all of which enhance customer satisfaction and profitability.

The Government Gateway is Convergent Group's blueprint for eGovernment solutions, while the Digital Utility provides the framework, technology tools and services for transforming utilities into digital enterprises. They combine leading edge technology for front- and back-office applications with ``best-in-class'' utility energy delivery solutions and government technology solutions encompassing land development, land records management, public works, civic affairs, education and public safety.

Vignette software will enable Convergent Group to deploy a scalable, personalized information portal experience for its utility and government clients.

The Vignette V/5 E-business Platform provides an enterprise-ready architectural foundation that powers many of the largest and most successful eBusiness applications today. It provides a modular and reusable eBusiness applications framework that helps enterprises respond and adapt quickly to changing market demands, leveraging existing IT investment in open standards, component models, technical skills, and best practices. The V/5 E-business Platform provides a scalable, reliable, and high-performance foundation for delivering content, profiling, and managing interactions across multiple communication channels such as the Web, pagers, mobile phones, and email. This, in turn, enables personalization and other dynamic content applications.

``Vignette's software products have tremendous appeal to organizations who want to transform from business as usual to businesses that will thrive and excel in the digital economy. Key to our selection of Vignette was the ability of the company's product set to integrate to the critical back-end systems, existing e-commerce applications, as well as other third-party best-of-breed tools,'' said Greg Courniotes, Convergent Group executive vice president.

About Convergent Group

Convergent Group Corporation is a provider of consulting, software engineering, systems integration and project management services that enable its utility and local government clients to implement Internet-based business solutions, also known as eBusiness solutions. These solutions enable Convergent Group's clients to transform their organizations into digital business environments that integrate data from various isolated sources to create a single, Web-based point of entry through which internal decision-makers, business partners, suppliers, customers and constituents can access business information on a real-time basis. By combining its use of existing and emerging digital technologies with Convergent Group's expertise in the utility and local government sectors, the firm is able to help its clients increase revenues, reduce costs, improve customer services, ensure service reliability, improve resource management and exploit their information assets. The company headquarters are located at 6399 South Fiddler's Green Circle, Suite 600, Englewood, Colorado 80111. The company has offices in Denver, Boston, Brisbane and London (www.convergentgroup.com).

About Vignette Corporation

Vignette Corporation (Nasdaq:VIGN - news) is the leading supplier of eBusiness applications for building online businesses. Vignette's products enable Internet businesses to create and extend relationships with prospects and customers and ease high-volume transaction exchanges with suppliers and partners, all of which enhances customer satisfaction. Vignette powers more than 600 leading eBusinesses. Headquartered in Austin, Texas, Vignette Corporation has offices located throughout Europe, Asia, and in Australia and can be found on the Web at vignette.com.

This release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are economic, competitive and technological factors affecting the company's operations, markets, products, services and prices, as well as other factors detailed in the company's filings with the Securities and Exchange Commission.
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