SAIC is a big outfit. Private company. Very profitable, with many customers.
Monday June 12, 7:47 am Eastern Time
Company Press Release
Sequoia Software Signs SAIC as Integration Partner and Reseller for Interactive E-Business Portal Application
SAIC Expands its XML Technology Solutions with Sequoia's XML Portal Server (XPS) and will Provide Integration Services for Sequoia Customers Across Multiple Industries
COLUMBIA, Md.--(BUSINESS WIRE)--June 12, 2000-- Sequoia Software (Nasdaq: SQSW - news), a leading provider and innovator of XML-powered e-business software, has signed a consulting agreement with Science Applications International Corporation (SAIC), a Fortune 500 company providing information technology and systems integration solutions worldwide. SAIC will resell Sequoia's XML Portal Server (XPS) in conjunction with its own PersistencX and KnowledgeBoard(TM) XML-based technologies, offering customers interactive e-business portals as part of a total technology solution.
``Working together, SAIC and Sequoia will build e-business portals that streamline the way users access and interact with enterprise and Web-based content,'' said Rick Goodwin, Assistant Vice President, SAIC. ``Our combined solutions should prove very advantageous for organizations interested in integrating their existing systems and automated processes to support e-business with their employees, partners and customers.''
SAIC will resell XPS to its clients as well as provide technology expertise and guidance to customers purchasing XPS directly from Sequoia. SAIC will also have full access to Sequoia's XPS software development kit (SDK) and will use it in conjunction with its own XML-based technologies to deliver customized solutions for customers in many industries, including utilities, financial services, transportation and telecommunications.
``To significantly expand our installed base and service capabilities, Sequoia is nurturing relationships with premier integrators like SAIC,'' said Mark Wesker, president and COO, Sequoia Software. ``With its unparalleled expertise in leveraging XML and proven success deploying large-scale solutions, SAIC is well positioned to leverage XPS and serve the needs of Sequoia customers seeking a trusted implementation partner.''
Sequoia's XML Portal Server is an application used to create interactive e-business portals. XPS uses Extensible Markup Language (XML) to aggregate structured and unstructured data gathered from applications and sources within and beyond the enterprise. XPS then delivers that information through a personalized Web interface from which users can quickly and easily search for, retrieve and act on information.
``Our combined technologies will allow our e-business customers quick and easy access to information that is crucial to the way their business operates. SAIC is integrating PersistenceX as a Content Delivery Agent within XPS. SAIC is also integrating XPS into the KnowledgeBoard(TM),'' said Rick Goodwin, Assistant Vice President, SAIC. SAIC's PersistenceX provides XML middleware technology for transforming content between XML documents and relational databases, EJB, CORBA, and other component technologies. SAIC's KnowledgeBoard(TM) is a state of the art data fusion application that facilitates the display and review of information from many heterogeneous multi-media data sources.
About SAIC
SAIC is a Fortune 500 company and the nation's largest employee-owned research and engineering firm. We provide information technology and systems integration products and services to government and commercial customers. SAIC scientists and engineers work to solve complex technical problems in telecommunications, national security, health care, transportation, energy and the environment. More information about SAIC and its subsidiaries can be found at www.saic.com.
About Sequoia Software
Sequoia Software Corporation (Nasdaq: SQSW - news) is a leading provider and innovator of XML-powered e-business software. Sequoia's flagship product, the XML Portal Server(TM) (XPS), gives users a Web-based, single point of personalized access to distributed information, along with the capability to publish, edit, change or update content. As the cornerstone of an effective e-business strategy, customers deploy Sequoia's XPS to improve the accuracy of information search and retrieval, and foster the interchange of information between organizations and their customers and trading partners. Sequoia's customers and partners include marchFIRST Cornerstone, Baylor Health Care System, Blue Cross and Blue Shield, General Electric Power Systems Division, PSINet Limited, S2 Systems, Lockheed Martin, and Kaiser Permanente. For e-business solutions that let you do more in less time visit www.sequoiasoftware.com or call Sequoia toll free (888) 820-7917.
Note:
Other than historical information contained herein, certain statements in this release are ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release involve a number of risks and uncertainties including, but not limited to, changes in market conditions, government regulation, technology, our ability to expand, our early stage of development, attraction and retention of key personnel, management of rapid growth, entry into new markets, intense competition, customer concentration and attrition and our dependence on XPS. These risk factors are discussed in further detail in the Company's SEC filings including the prospectus filed in connection with our initial public offering and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2000
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Contact:
Sequoia Software
David Schreiber, (410) 715-0206
dschreiber@sequoiasoftware.com
or
Schwartz Communications
Wendy Williams, (781) 684-6658
wendyw@schwartz-pr.com |
