the Latest Release:
Tuesday February 10, 7:02 am Eastern Time
Company Press Release
Kvaerner Process Invests Over 1.6 Million Dollars in DOCUMENTUM
EDMS Licenses in Q3 1997
Company-Wide Deployment Projected to Yield Over 11 Million Dollars in Annual Savings
PLEASANTON, Calif.--(BUSINESS WIRE)--Feb. 10, 1998-- DOCUMENTUM(R) Inc. (NASDAQ:DCTM - news),
the world leader in delivering document and Web content management solutions, today announced that Kvaerner Process,
part of Kvaerner, entered into an agreement in the third quarter of 1997 to purchase several thousand DOCUMENTUM
Enterprise Document Management System(TM)(EDMS) licenses.
The value of the purchase is over 1.6 million dollars.
Kvaerner Process, a world leader in technology-based design, engineering, construction and project management services
for a wide range of industries, has entered into large-scale deployment of EDMS in all its offices worldwide. It identifies the
main benefits of EDMS adoption to include reduced project duration, with potential savings conservatively estimated at
more than 11 million dollars per year when fully implemented.
It also sees EDMS adoption as a key enabler for the implementation and enforcement of common working practices and a
key factor in the reduction of business risk.
''Documents are the currency of our business and global engineering requires that we share documents worldwide,'' said
David Moorhouse, president and CEO, Kvaerner Process. ''We are sure that our strategy to put EDMS on to every
desktop throughout our organization will make us more efficient, consistent and competitive in all our operations,'' he
added.
''Kvaerner Process' return on investment (ROI) projections are a clear indication of the value of investing in large
enterprise-wide EDMS deployment,'' said Mark Medley, director process Industry Development, DOCUMENTUM
Software Europe. ''This purchase further demonstrates the acceptance and payoffs of our solutions in the Engineering
Construction marketplace,'' he added.
About Kvaerner and Kvaerner Process
With over 60,000 highly skilled staff operating in over 100 countries, Kvaerner is a world leader in the shipbuilding,
process technology, oil and gas, and construction metals and pulp and paper industries.
Kvaerner Process provides comprehensive solutions for the oil and gas, refining chemical, polymer and pharmaceutical
industries. It employs 11,000 staff, operating from 35 offices in 25 countries and is currently working on projects in over 60
countries.
About DOCUMENTUM
DOCUMENTUM (http://www.documentum.com) develops, markets and supports a family of enterprise document
management products that improve the effectiveness of the organization based on a company's business-critical information
and proven processes.
Headquartered in Pleasanton, Calif., DOCUMENTUM sells its products and services worldwide through a direct sales
force, systems integrators, and affiliated distributors. DOCUMENTUM is the recognized leader in the document
management market, with global customers in the pharmaceutical, process manufacturing, discrete manufacturing, and
finance industries.
Note to Editors: DOCUMENTUM and the DOCUMENTUM Enterprise Document Management System are trademarks
of DOCUMENTUM Inc. and may be registered in certain jurisdictions. All other company and product names are used for
identification purposes only and may be trademarks of their respective owners.
Contact:
DOCUMENTUM Software Europe
Mark Medley, 0181 867 3000
mark.medley@documentum.com
or
DOCUMENTUM
Sharon McNeill, 510/463-6800
smcneill@documentum.com
or
Eric Leach Marketing Ltd.
Eric Leach, 0181 570 2182
eric_leach@compuserve.com
or
NRG Public Relations
Carla Schlemminger, 650/827-7023
carla@nrgpr.com |
