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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: paul who wrote (6790)	4/6/1998 9:11:00 AM
From: Bipin Prasad	Respond to of 19080

Oracle and Indus International to Provide Complete Energy Management Solution Integration Provides Asset Management/Maintenance Tools Within Oracle(R) Energy Application Suite REDWOOD SHORES, Calif., April 6 /PRNewswire/ -- Oracle Corp. (Nasdaq: ORCL - news) and Indus International (Nasdaq: IINT - news) announced today that Indus will integrate its enterprise asset management system into the Oracle(R) Energy suite of business software applications. The combined products provide energy companies with a best-in-class solution for efficiently managing and optimizing corporate assets. The energy industry is extremely asset-intensive, and companies are increasingly looking for ways to more cost-effectively manage resources such as production rigs, drilling equipment and refineries. The new integrated product from Oracle and Indus provides the information to maximize return on assets and is designed to meet the specific needs of the energy industry. ''Effective resource management has become increasingly crucial in today's energy industry,'' said Mike Capellas, senior vice president of Oracle Energy. ''From scheduling maintenance to maximizing throughput, managers are looking for tools to make better decisions. Oracle and Indus are providing those tools.'' The alliance with Indus is part of Oracle's Architected Best-In-Class(TM) strategy to integrate leading technologies from third-party vendors with Oracle's own applications. These relationships create and deliver the most complete information solution tailored to the energy industry. Customers also receive the added benefits of Oracle-supported integration and one-stop shopping for their management needs. These alliances allow the parties to take advantage of Oracle's global development, sales and support resources, enabling both parties to expand market share and better address customer requirements. Oracle selected Indus International to supply asset management functionality for Oracle Energy because of the functionality and usability of Indus products and the company's market-leading position. A number of multi-national oil and gas companies have already selected the joint solution. ''We were early adopters of an Oracle-centric development strategy and are very excited with this alliance for two reasons,'' said Christopher Lane, Indus vice chairman and president of strategy and development. ''First, it creates real value for customers desiring industry best business practice function in an enterprise suite unavailable from any single vendor. Secondly, Indus and Oracle benefit by lowering the cost of sale and support through full cooperation. Beyond well-meaning strategic alliance platitudes, the fundamentals behind this partnership are proven in-field successes and delighted customers achieving significant return on assets.'' Headquartered in San Francisco, Indus International Inc. ( indusworld.com ) has 1,000 employees and provides software and services to over 300,000 users worldwide. Indus is the largest provider of enterprise asset management solutions in the world, serving customers who seek to control costs, create capacity and ensure regulatory compliance by improving ROA (return on assets). Indus reported 1997 revenues of $177 million and is publicly traded over Nasdaq under ''IINT.'' Oracle Corporation is the world's leading supplier of software for information management and the world's second largest software company. With annual revenues of more than $6.7 billion, the company offers its database, application server, tools and application products, along with related consulting, education and support services, in more than 140 countries around the world. For more information about Oracle, please call 650-506-7000. Oracle's World Wide Web address is (URL) oracle.com. Trademarks Oracle is a registered trademark and Architected Best-in-Class is a trademark or registered trademark of Oracle Corp. Indus and Enterprise MPAC are trademarks of Indus International, Inc. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.