Tuesday November 16, 9:01 am Eastern Time
Company Press Release
Sapient and Vitria Partner to Provide Innovative Internet Solutions
Partners Deliver Online Order Management System for American Century Investments
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov. 16, 1999--Sapient Corporation (Nasdaq:SAPE - news), an innovative e-services consultancy, and Vitria Technology, Inc. (Nasdaq:VITR - news), a leading provider of e-business platform software, today announced a strategic alliance to accelerate the speed with which emerging and evolving businesses transform themselves into e-businesses. Under the terms of the agreement, Sapient will provide strategic Internet consulting, including digital business strategy, experience modeling, creative and technology services, in concert with Vitria's BusinessWare® solutions.
The alliance will offer e-business solutions that automate the business processes of an enterprise and its partners, allowing clients to gain insight and control over their business processes across, as well as beyond, their enterprise. These solutions are based on the combined strengths of Vitria BusinessWare as a platform for e-business and Sapient's proven expertise in Internet consulting.
Sapient and Vitria will jointly market and sell their solutions. Together, they will leverage Sapient's expertise in helping businesses maintain a competitive edge by tapping into the power of the Internet to manage the flow of information and transactions, automatically and transparently.
The two companies have recently demonstrated the success of the relationship through a joint project to build an online order management system for the brokerage arm of American Century Investments -- the $90 billion, Kansas City-based investment management firm.
''The American Century Brokerage assignment included automating our business rules activities and increasing the overall scalability of our Order Review Management System,'' said Greg Markovich, vice president and director of retail applications at American Century. ''The in-depth consulting strengths of Sapient and the high-quality software applications of Vitria enabled us to choose and implement the system in eleven weeks -- start to finish.''
''Companies will thrive in today's e-business marketplace by reducing time to market, lowering operating costs, and increasing customer satisfaction,'' said Boyd Scroggins, vice president at Sapient. ''The Vitria-Sapient alliance provides the business process automation and e-business transformation services necessary for making these goals a reality. By combining our brokerage industry knowledge and consulting expertise with Vitria's robust e-business platform, we were able to complete the American Century project rapidly and in a way that met their critical business needs.''
''We are excited to partner with an innovative e-services consultancy like Sapient who is committed to providing full-service e-business transformation to our mutual clients,'' said JoMei Chang, Vitria's founder and chief executive officer. ''We are proud that our joint e-business platform is the basis of American Century's innovative, new online brokerage system and believe that Sapient and Vitria's alliance will lead to continued successes.''
About Sapient
Sapient is a leading e-services consultancy providing Internet strategy consulting and sophisticated Internet-based solutions to Global 1000 companies and startup businesses. Sapient helps clients define their Internet strategies and design, architect, develop and implement solutions to execute those strategies. Founded in 1991, Sapient has been providing Internet solutions for over five years and employs approximately 1900 people in offices in Cambridge, Mass., the company's headquarters, as well as London, Sydney, Milan, New York, San Francisco, Chicago, Atlanta, Dallas, Los Angeles and Washington D.C. More information on Sapient can be found at www.sapient.com.
About Vitria
Vitria Technology, Inc. is a leading provider of e-business infrastructure software. Vitria's e-business 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.
Vitria is a publicly traded company (Nasdaq:VITR - news) based in Sunnyvale, California. For more information, call 408/212-2700, visit the company's Web site at www.vitria.com, or send email to info@vitria.com.
This press release includes forward-looking statements that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to, risk as related to market acceptance of Vitria's product, deployment delays or errors associated with these products, hardware platform incompatibilities, reliance on a limited number of customers for a majority of revenue, need to maintain and enhance certain business relationships with system integrators and other parties, ability to manage growth, activities by Vitria and others regarding protection of proprietary information, release of competitive products and other actions by competitors, Year 2000 problems and economic downturns in either domestic or foreign markets. These forward-looking statements are generally identified by words such as ''expect,'' ''anticipate,'' ''intend,'' ''believe,'' ''hope,'' ''assume,'' ''estimate'' and other similar words and expressions.
Note to Editors: Sapient is a registered service mark of Sapient Corporation. All other product, service and company names are trademarks, registered trademarks or service marks of their respective owners.
BusinessWare® is a trademark of Vitria Technology, Inc. All other names may be trademarks of the companies with which they are associated |
