(BSNS WIRE) BackWeb's Internet Communication Software Deployed to BancBo
BackWeb's Internet Communication Software Deployed to BancBoston Robertson
Stephens' Institutional Sales Team and Traders
Business Editors/High Tech Writers
SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 23, 1999--BackWeb(R)
Technologies (Nasdaq:BWEB), a leading provider of Priority Internet
communications software for the extended enterprise, today announced
that BancBoston Robertson Stephens has deployed its technology to
deliver time-sensitive, business-critical information to its
institutional sales representatives and traders.
BancBoston Robertson Stephens is an international investment
banking firm specializing in growth companies.
"BackWeb's Internet communications technology has given our sales
team and traders a strong competitive edge," said Ed Brandman,
Managing Director and co-head of Trading, BancBoston Robertson
Stephens. "With BackWeb, we can now proactively deliver critical
information, such as market updates about mergers and acquisitions,
initial public offerings and private equity placements; equity
research; and news about buy/sell ratings to our sales representatives
and traders. As a result, they are able to respond more effectively to
changing market conditions. This type of priority Internet
communications is what drives the competitive advantage for our
organization and our customers."
"A company's ability to adapt and respond to critical change is
paramount in today's fast-paced business world. No place is that more
crucial than in the financial services industry where time is money,"
said Eli Barkat, Chairman and CEO of BackWeb Technologies.
"Ultimately, BancBoston Robertson Stephens is better meeting the needs
of its customers -- institutional investors -- by ensuring that its
sales team and traders have the most up-to-date information possible."
BackWeb's Priority Internet communication software is based on a
set of flexible, scalable technologies that enable an organization to
capture information from virtually any data source, and efficiently
and reliably deliver it throughout the extended enterprise. BackWeb's
patented Polite Agent(TM) technology ensures network-sensitive
delivery of sizeable digital data of any format to users' desktops
across an extended network. The Polite Agent detects idle bandwidth
and invisibly delivers content in the background.
BackWeb's sophisticated attention management tools, or Flashes,
enable companies to capture the attention of its users through the use
of rich multimedia -- graphics, text, video, animation and sound.
Flashes are automatically delivered to a person's desktop, regardless
of the application in use, and can be prioritized with different
levels of urgency. They also have tracking tools that allow senders to
monitor who has reacted to the information.
About BackWeb Technologies
BackWeb Technologies is a leading provider of Priority Internet
communication infrastructure and applications software that enables
companies to communicate time-sensitive, business-critical information
throughout the extended enterprise of customers, partners and
employees. Corporations such as Cisco, Compaq, Hewlett-Packard and
Schlumberger Dowell have deployed BackWeb's Priority Internet
communication infrastructure for managing critical changes for key
e-business and customer service applications. BackWeb Technologies is
headquartered in San Jose, California, and Ramat Gan, Israel. For more
information, visit its web site at www.backweb.com or call (800)
863-0100.
About BancBoston Robertson Stephens
BancBoston Robertson Stephens is the leading full-service
investment bank focused exclusively on growth companies. For the first
half of 1999, the firm completed over 100 offerings, raising more than
$15 billion in capital for clients and is the leading investment bank
for Internet M&A transactions. The firm's 45 research analysts cover
nearly 700 companies. Founded in 1978, BancBoston Robertson Stephens
is the section 20 subsidiary of BankBoston Corporation (NYSE: BKB).
Together, BancBoston Robertson Stephens, BancBoston Robertson Stephens
International, and Evergreen Securities Ltd. employ 1,000 employees
throughout the world with offices in Boston, San Francisco, New York,
Menlo Park, Chicago, London, and Tel Aviv. For more information about
the firm, please visit our Web site at www.rsco.com.
Statements in this news release which are not purely historical
are forward-looking statements within the meaning of the U.S. Federal
Securities laws, including any competitive and technical benefits and
efficiencies associated with the use of BackWeb's products, and any
other beliefs, plans, expectations or intentions regarding the future.
Actual results could differ materially from those in such
forward-looking statements. Factors that could cause actual results to
differ materially include unforeseen technological issues related to
the deployment of BackWeb's technology, unforeseen software errors,
competitive factors and business and expense factors that may affect
the perceived efficiencies from use of BackWeb's products, and the
risks and uncertainties detailed from time to time in BackWeb's
periodic reports and registration statements filed with the U.S.
Securities and Exchange Commission.
BackWeb is a registered trademark, and Polite and Polite Agent,
are trademarks of BackWeb Technologies. All other trademarks are the
property of their respective owners.
--30--azs/sf*
CONTACT: BackWeb Technologies
Susan Kohl, APR, 408/933-1769
skohl@backweb.com
or
Fitzgerald Communications
Jesse Ciccone, 415/677-0207
jciccone@fitzcomm.com
KEYWORD: CALIFORNIA INTERNATIONAL AFRICA/MIDDLE EAST
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT
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