What a dog this stock has been. A shame too, inasmuch as many companies will end up discovering in January, 2000, that they did not correctly understand the full interconnectedness of the many systems they had on their plate for Y2K assessment and repair. If only more companies would have used Think 2000, many pending disasters would have been avoided.
The company is still trying to make a go of it. Here's the latest news:
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We are pleased to announce a new strategic alliance between Thinking Tools
and Viasoft for worldwide distribution of Think 2000, our business risk
assessment and management software solution. As a result of this
relationship, Viasoft will market, promote, license and distribute Think
2000 under its current product name, in addition to adding Think 2000 to its
consulting capabilities. For your convenience, I've included the press
release below; if you would like more information about Viasoft, please
visit their website at viasoft.com.
The latest press coverage of Think 2000 includes an article in the October
issue of CONTINGENCIES, entitled "The Technological Catastrophe - What
Should We Fix First? Assessing the Y2K Risk" by Joan Hartnett-Barry.
There's also an article in the September issue of BeyondComputing magazine
by Mary Ryan Garcia, entitled "Coping With the Staffing Shortage" which you
can find at beyondcomputingmag.com
Most of you have already seen the INFOWORLD article from August 17, "ERP &
Services Briefs: Meeting federal Y2K guidelines"; if you haven't, check it
out at
infoworld.com
Please feel free to contact me by phone or email if you have questions, and
thank you for your continued interest in Think 2000!
Best regards,
Wendy J. Wibbens
Thinking Tools, Inc.
tel 408.333.2317
fax 408.373.7020
wwibbens@thinkingtools.com
thinkingtools.com
__________________________________________________________________________
THINKING TOOLS ANNOUNCES RESELLER RELATIONSHIP WITH VIASOFT
Think 2000's Risk Management, Business Impact Analysis Capabilities To Help
Customers Go Beyond Year 2000, Euro Requirements
Monterey, CA - October 6, 1998 - Thinking Tools, Inc. (Nasdaq NM:TSIM) today
announced a strategic agreement with Viasoft, Inc. (Nasdaq NM:VIAS), under
which Viasoft will market, promote, license and distribute Think 2000 under
its current product name as well as add Think 2000 to its consulting
capabilities.
Think 2000 is Thinking Tools' risk management, business continuity planning
and business impact analysis software solution. It enables business
decision makers to identify, analyze and manage the impact of a technology
failure or supply chain interruption on the enterprise. Think 2000
generates results in a highly visual and comprehensible format that is
valuable for communicating business impact issues throughout the management
chain.
Think 2000 will be implemented worldwide by Viasoft's Global Services group.
Think 2000's risk assessment, management and planning capabilities will be a
valuable addition to Viasoft's mainframe and desktop year 2000, Independent
Verification and Validation, euro currency conversion and other solutions.
"Think 2000 will enable Viasoft customers to identify, analyze and manage
the business impact of technology failure or supply chain interruption on
the enterprise," said Moshe Zarmi, president and CEO, Thinking Tools, Inc.
"The combined strength of Viasoft's consulting and strong product offering,
with Think 2000's powerful simulation capabilities creates one of the only
end-to-end year 2000 solutions in the marketplace. This alliance provides an
excellent and complete IT management solution for solving business problems
beyond the year 2000 challenge."
"This agreement is one more step in Viasoft's aggressive strategic program
to offer our customers the best-of-breed products and consulting services to
help them manage the IT applications that drive their businesses," said Bob
Young, vice president of Global Services. "We are excited to add business
risk management, contingency planning and supply chain interruption
management to our existing global services."
About Thinking Tools, Inc.
Thinking Tools develops interactive business simulation software that
enables business professionals to grasp the interdependencies involved in
complex problems and ultimately make better decisions. In 1993, the Business
Simulation Division of Maxis Corporation, a leading computer game maker best
known for SimCity, was spun off to form Thinking Tools. Since then, Thinking
Tools has applied the lessons learned from the interactive consumer software
market to produce simulation products for business.
Thinking Tools has developed business simulations for top organizations such
as Andersen Consulting, Chevron Corporation, Coopers & Lybrand, MCI/SHL
Systemhouse, Systems Engineering Solutions, the U.S. Department of Defense
and others. Examples of Thinking Tools' products developed for partners
include Project Challenge, SimHealth, SimRefinery and TeleSim. The company
completed its initial public offering in October of 1996 and trades under
the symbol "TSIM'" on the NASDAQ market. The company's web site is
www.thinkingtools.com.
About Viasoft
Viasoft is a leading provider of business solutions, consisting of
integrated technology and specialized professional consulting services,
designed to enable customers worldwide to cost-effectively manage and evolve
their information technology assets. Viasoft's flagship products are the
Existing Systems Workbench(R), a comprehensive, integrated toolset that
enables the management and modernization of existing mainframe computer
systems; Rochade(TM), an enterprise repository environment; the OnMark
2000(TM) suite of software products for the desktop and client/server year
2000 challenge.
Headquartered in Phoenix, Ariz., Viasoft provides sales and service through
regional offices in the United States, Canada, Australia, Europe, the
Asia/Pacific region and a growing network of international subsidiaries and
distributors. For more information on Viasoft's products and services,
please visit the Company's World Wide Web site at www.viasoft.com. |
