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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (19017)	1/20/2000 7:17:00 AM
From: Rande Is	Respond to of 57584

Intel M&A Veteran Joins Net Perceptions To Spearhead Business Development Effort MINNEAPOLIS, Jan. 19 /PRNewswire/ -- Net Perceptions Inc. (Nasdaq: NETP) today announced that Paul Musselman, formerly with Intel Corp.'s new business development team, is joining Net Perceptions as the company's new vice president of New Business Development responsible for merger and acquisition (M&A) activity. The news follows Net Perceptions' announcement earlier this week that it plans to acquire Knowledge Discovery One (KD1), a leading software analysis company. "Musselman hit the ground running and added significant value in our recent acquisition of KD1," said Steven Snyder, president and CEO of Net Perceptions. "We're pleased to have someone with Paul's experience join us. Our strategy for growth includes both internal development and, when necessary, mergers and acquisitions. Paul's role is to identify, evaluate, execute and successfully integrate M&A transactions that help Net Perceptions expand its business and further its lead as the world's pre-eminent solutions provider in realtime personalization and customer relationship management." As part of Intel's mergers and acquisitions team, Musselman participated in more than $5 billion in acquisition opportunities in North America, Europe and the Middle East. Musselman joined Intel as one of the original members of Intel's M&A team in 1997, and has been involved in acquisitions including e-commerce, computer peripherals, networking systems equipment and telecommunications. Most notably, Musselman managed the acquisition of Digital Semiconductor in May 1998 and the Telecom Component Products Division of Stanford Telecommunications in October 1999. Before joining Intel, Musselman was a consultant for Web site production companies catering to Hollywood film studios and record production companies. From 1988 until 1991, he traded equity, debt and insurance instruments for small business and individual investors. Musselman completed his master's degree at Harvard University in 1997, studying both business and government policy. He received his bachelor's degree from the University of California at Berkeley in 1995. He has frequently spoken on the M&A process and negotiations at The Wharton School, Harvard Business School, Cornell's Johnson Graduate School of Management, Intel and the Human Resources Planning Society. Musselman also served in the U.S. Army as a special operations medic and engineer for more than 12 years. "There is tremendous opportunity at Net Perceptions," Musselman said. "This is a company that has clearly established its leadership in the realtime personalization space and has the ability to extend its technical and marketing expertise into other areas of retailing, both on and off the Web." About Net Perceptions Net Perceptions is the leading supplier of realtime personalization solutions that enable businesses to market to customers on a true one-to-one basis across multiple touch points. Net Perceptions solutions increase new and repeat business by learning more about each customer's individual needs, tastes and preferences with every interaction, then making increasingly personalized product and service recommendations. Net Perceptions, based in Minneapolis, is a publicly held company (Nasdaq: NETP), which operates additional offices in New York, San Francisco and Reading, England, and a joint venture office in Japan. Customers include many of the world's best-known brands, including Art.com, Bertelsmann, Billboard TalentNet, CDNOW, Kraft, Micron, SkyMall, Tower Records and Ticketmaster Online. For more information about Net Perceptions products visit netperceptions.com or call 800-466-0711. Net Perceptions is a registered trademark of Net Perceptions Inc. All other trademarks are the property of their respective owners. This news release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the company's limited operating history, delays in product development, development of the Internet market, changes in product pricing policies, competitive pressures and the risk factors detailed from time to time in the company's periodic reports and registration statements filed with the Securities and Exchange Commission. SOURCE Net Perceptions Inc.