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Technology Stocks : Sterling Software
SSW 9.910-4.7%Feb 27 4:00 PM EST

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To: kfdkfd who wrote (119)7/14/1998 7:56:00 AM
From: kfdkfd  Read Replies (1) of 206
 
The SABRE Group and Sterling Software Sign Application Development and Marketing Agreement
Sterling Software's COOL Products Bundled With Application Software from The SABRE Group
PLANO, Texas, July 14 /PRNewswire/ -- Sterling Software, Inc.'s (NYSE: SSW - news) Applications Development Division and The SABRE Group (NYSE: TSG - news) today announced they have entered into application development and marketing agreement. The agreement allows The SABRE Group to distribute Sterling Software's COOL products as the maintenance environment of choice for specific SABRE Group applications that apply to strategic financial, human resources and marketing systems.

''By bundling Sterling Software's COOL products with The SABRE Group applications, The SABRE Group can offer its customers a complete software package, including maintenance tools, at a lower unit cost,'' said Mark Zahorik, vice president of Applications Development for SABRE Technology Solutions, The SABRE Group's information technology division. ''Sterling Software's COOL products enable our customers to protect their investment and ensure SABRE's application will support their future business needs.''

The SABRE Group selected Sterling Software's COOL:Gen(TM) development environment to build several strategic marketing and financial applications because of its model-based approach and ability to generate 100% of an application. This enables The SABRE Group and their customers to quickly respond to changing business requirements and take advantage of new business opportunities.

''The SABRE Group has built impressive applications for the travel and transportation industry, and we are very excited about this agreement,'' said Mark Theel, president, Applications Development Division of Sterling Software. ''The SABRE Group's decision to bundle our products is an important endorsement of Sterling Software and exemplifies our commitment to the software development industry.''

About The SABRE Group

The SABRE Group is a world leader in the electronic distribution of travel and travel-related services around the globe, and is a leading provider of information technology solutions for the travel and transportation industry, including customized software development and software products, transaction processing, systems integration, consulting and total information technology outsourcing. For more information on The SABRE Group, visit the company's Web site at sabre.com

About COOL Products

Sterling Software's COOL products provide an integrated environment for delivering and maintaining enterprise-scale applications. The tools support component-based development as well as more classical development approaches enabling hybrid development that combines both speed and quality. COOL:Biz(TM) is a modeling environment that helps organizations visualize, understand and communicate complex business processes and work flows. COOL:Spex(TM) is a component modeling tool focusing on interface-based designfor component specifications and architecture design. COOL:Jex(TM) is a visualmodeling environment for implementing components using object technology. And COOL:Gen(TM) is a model-based application development environment, leveraging components to build multi-tier client/server and Web applications.

About Sterling Software

Sterling Software is a leading provider of software and services for the applications management, systems management and federal systems markets. Sterling Software, with its headquarters in Dallas, has a worldwide installed base of more than 20,000 customer sites and has 3,100 employees in 85 offices worldwide. For more information on Sterling Software, visit the company's Web site at sterling.com.

COOL:Gen, COOL:Biz, COOL:Spex and COOL:Jex are trademarks of Sterling Software.

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