RoweCom to Provide Knowledge Products for KPMG
Brings RoweCom's Services to Over 25,000 Partners and Employees
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Aug. 31, 1999--RoweCom Inc. (Nasdaq: ROWE), the leading provider of business-to-business e-commerce solutions for managing the acquisition of knowledge resources, today announced KPMG LLP as a new client.
Under the multi-year agreement, KPMG's over 25,000 partners and employees will have access to RoweCom's catalog of 120,000 subscription titles, as well as over eight million books from their desktops.
As the latest addition to RoweCom's client base, KPMG joins such other industry leaders as PricewaterhouseCoopers, Arthur Andersen, Ernst & Young, Prudential Securities, John Hancock, Charles Schwab, Dun & Bradstreet, First Chicago, BASF, Hewlett Packard, Owens Corning, First Union, Aurora Healthcare and Johns Hopkins University.
"We are excited about the opportunity to serve KPMG's knowledge needs," said Dr. Richard Rowe, president and CEO of RoweCom. "As an internationally renowned assurance, tax and consulting firm, KPMG aims to turn knowledge into value for its clients, and this is very much in keeping with RoweCom's objectives. Winning KPMG's business is yet another major step as we continue to make the RoweCom brand synonymous with the fulfillment of the specific knowledge-related needs of the professional and financial services industries."
About RoweCom Inc.
A first mover in business-to-business e-commerce, RoweCom Inc. develops and operates Web-based services that enable businesses to manage the acquisition of knowledge resources such as magazines, newspapers, journals and books. RoweCom's flagship services, Knowledge Store (kStore) and Knowledge Library (kLibrary), provide new levels of control, convenience, and cost-savings, allowing companies to order, pay for and manage 120,000 titles online as well as 8 million discounted books via RoweCom partner barnesandnoble.com. With clients ranging from Fortune 1000 companies to academic libraries, RoweCom serves organizations with intensive knowledge requirements and high-volume purchases. The publicly-held company (Nasdaq: ROWE) is headquartered in Cambridge, Mass. and has offices in London, Ontario; Montvale, New Jersey; and Toowong, Queensland, Australia.
RoweCom focuses on knowledge intensive industries such as professional services, financial services, health services and high technology. RoweCom's over 1300 clients include industry leaders such as PricewaterhouseCoopers, Arthur Andersen, Ernst & Young, Prudential Securities, John Hancock, Charles Schwab (NYSE: SCH), Dun & Bradstreet (NYSE: DNB), First Chicago, BASF (GF:BAS), Hewlett Packard (NYSE: HWP), Owens Corning (NYSE: OWC), First Union (NYSE: FTU),
Aurora Healthcare and Johns Hopkins University. RoweCom also has an impressive partner list that includes
barnesandnoble.com (Nasdaq: BNBN), NewsEdge (Nasdaq: NEWZ), Ariba (Nasdaq: ARBA), Commerce One (Nasdaq:CMRC) and Sun-Netscape Alliance.
About KPMG
KPMG LLP is the U.S. member firm of KPMG International. In the U.S., KPMG partners and professionals provide a wide range of accounting, tax and consulting services. As a provider of information-based services, KPMG delivers understandable business advice -- helping clients analyze their businesses with true clarity, raise their level of performance, achieve growth and enhance shareholder value. KPMG International's member firms have more than 100,000 professionals, including 6,800 partners, in 160 countries. KPMG's Web site is us.kpmg.com.
Except for the historical information contained herein, the matters discussed in this news release may contain forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties. RoweCom's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the company's SEC filings.
Contact:
Makovsky & Co.:
Investor Contact
Michael Lendener, 212/508-9690
E-mail: mlendener@makovsky.com
or
Media Contact
Rebecca Weiss, 212/508-9651
E-mail: rebecca@makovsky.com
or
RoweCom Inc.:
Ilyssa Frey, 617/497-5800 |
