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Technology Stocks : Vitria Technology (VITR) -- Ignore unavailable to you. Want to Upgrade?

To: Im-patient who wrote (87)	10/27/1999 2:15:00 PM
From: Brasco One	Read Replies (1) \| Respond to of 138

Company Press Release Fastpoint Announces Service Provisioning Software Agreement With Vitria LOS ANGELES--(BUSINESS WIRE)--Oct. 26, 1999--Fastpoint Communications Inc., a nationwide DSL provider, today announced a software licensing agreement with Vitria Technology Inc. (Nasdaq:VITR - news), a leading provider of eBusiness platform software. In response to the high demand expected for Fastpoint's broadband Internet service, Vitria's BusinessWare software will automate and manage complex business transactions such as service fulfillment, billing and customer care management between Fastpoint and its DSL infrastructure partners, creating increased efficiency. ``Fastpoint expects to add over 30,000 DSL customers in the year 2000,' stated Michael Allocca, president and chief executive officer of Fastpoint. ``With this type of growth, Vitria's BusinessWare will enable us to build the back-office infrastructure necessary to support our valued customers and manage our relationships with our valued DSL partners. We foresee Vitria's software as becoming the DSL industry standard, thus we recognize the importance in adopting BusinessWare.' ``Both Vitria and Fastpoint share a common goal of providing our customers with the highest level of service,' said JoMei Chang, president and CEO of Vitria. ``We are delighted that Fastpoint has selected Vitria BusinessWare as the eBusiness automation platform that enables Fastpoint to deliver superior customer care.' About Fastpoint Fastpoint Communications is a leading nationwide provider of broadband Internet connectivity services with an emphasis on serving the small- and medium-sized business market. Fastpoint was organized in September 1998 and has grown rapidly to be a top-tier Digital Subscriber Line (``DSL') broadband service provider with its preferred partner, Covad Communications Inc.(Nasdaq:COVD - news), a leading DSL network provider or CLEC (competitive local exchange carrier). About Vitria Vitria Technology is a leading provider of eBusiness infrastructure software. Vitria's eBusiness platform, BusinessWare, automates mission-critical business processes across the extended enterprise, reducing time to market, shortening lead times, lowering operating costs and increasing customer satisfaction. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical facts may be deemed to contain forward-looking statements, including, but not limited to, deployment, scalability and integration of the company's services in new and existing regions and the timing and breadth of coverage in each region. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, intense competition for the company's service offerings, dependence on growth in demand for DSL-based services, ability to manage and scale operations, and other risks and uncertainties. The company disclaims any obligation to update information contained in any forward-looking statement. -------------------------------------------------------------------------------- Contact: Fastpoint Communications Inc., Los Angeles Michael Allocca, 310/642-7644 mallocca@fastpointcom.com www.fastpoint.net or I3 Communications LLC (Investor Relations for Fastpoint) Brenda Eames, 310/796-0229 i3com@aol.com or Vitria Technology Alex Osadzinski, 408/212-2260 alexo@vitria.com www.vitria.com or AccessPR (for Vitria) Teddi Herman, 415/904-7070 therman@accesspr.com