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Technology Stocks : CFW - Computron -- Ignore unavailable to you. Want to Upgrade?

To: art slott who wrote (11)	1/12/2000 12:21:00 PM
From: GARY P GROBBEL	Respond to of 24

CFW trades AMEX 2 1/4... (COMTEX) B: COMPUTRON SIGNS DEAL WITH TELAPEX TO LICENSE NEW INTERNET B: COMPUTRON SIGNS DEAL WITH TELAPEX TO LICENSE NEW INTERNET SOLUTIONS RUTHERFORD, NJ, Jan 12, 2000 (BUSINESS WIRE) -- Computron Software, Inc. (AMEX: CFW), a leading global provider of Internet business process automation software, today announced that it has signed an agreement with Telapex, Inc. to license solutions from Computron's newly formed Business Process Solutions Group and its AXSPoint Solutions Division. The new applications will play a key role in Telapex' goal to move towards increasing customer satisfaction and employee efficiency via Internet-based technology solutions that better enable existing business processes. The privately held Jackson, MS-based company is parent to several companies within the telecommunications industry, including companies providing cellular, local phone, cable television, long-distance and internet services. Many of these companies have had exceptional growth in the past few years as Telapex continues to add to its offering in the highly competitive telecommunications marketplace. By implementing Computron's solutions, Telapex will provide its users with a thin-client solution, with zero-based administration, that offers cost-effective and quick deployment of Computron applications throughout the enterprise. "We're growing at such a phenomenal rate that quick implementation and zero administration user roll-out are essential to managing our organization," said Larry Morrison, Telapex Chief Financial Officer. "Computron's solutions provide Telapex with the needed functionality to achieve a rapid return on our investment in new companies and markets." Computron's Business Process Solutions will virtually eliminate the need for paper requisitions and purchase orders while shortening the transaction life cycle, enabling knowledge workers to deal with exceptions as opposed to traditional transactions. It is the first step towards the licensing and implementation of Computron's TransAXS(TM) Procurement solution later in 2000 which will allow the firm to embrace the power of Internet shopping and buying to further reduce the cost of the purchasing process. With Computron's AXSPoint Solutions, the Telapex customer service department will gain the ability to view customer bills on-line, thereby providing better, more timely and accurate service. The ultimate goal with the AXSPoint Solutions is to provide customers with access to their statements/bills via a browser, offering a true self-service operation and helping the company move closer to its vision of a paperless office. This latest contract with Computron marks the continuing expansion of Telapex' use of Computron applications. The two companies began working together in 1995. "Computron's long-standing partnership with Telapex is illustrative of our ability to provide our customers with mission-critical technologies that enable them to better achieve their individual business goals," said John Rade, Computron CEO. "Evolving to a web-based environment is a challenge that faces many of our customers, and our Business Process Solutions and AXSPoint Solutions are a key component in helping accelerate that change." Background Information on Computron Software, Inc. Founded in 1978, Computron Software, Inc. (AMEX: CFW) is a global provider of application software solutions for business and finance. Used by more than 500 companies worldwide, these solutions automate business processes across the enterprise and allow organizations to capitalize on the knowledge within their systems. Computron's goal is to provide organizations with competitive advantage and added, measurable business value. The Company's latest Internet products will allow companies to quickly deploy e-business application strategies. For further information on Computron, its products, services and customers, visit the Computron web site at computronsoftware.com. This press release contains forward-looking statements. Such statements are only predictions and actual events or results may differ materially. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's documents and reports filed from time to time with the Securities and Exchange Commission. Computron is a registered trademark and AXSPoint and TransAXS are trademarks of Computron Software, Inc. All other companies and product names are trademarks or registered trademarks of their respective companies. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Erika Hoeft Ruder Finn 312-644-8600 hoefte@ruderfinn.com WEB PAGE: businesswire.com GEOGRAPHY: NEW JERSEY INDUSTRY CODE: BANKING SOFTWARE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *