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Technology Stocks : Intersolv News -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (816)	5/4/1998 10:17:00 AM
From: PCSS	Read Replies (1) \| Respond to of 1069

WE'RE GOING TO MOVE UP ON THIS ONE (up 1/2 ALREADY) (I'm going golfing now with a SMILE <GGG>) 10:00 AM EDT TIAA-CREF Accelerates Year 2000 Efforts with INTERSOLV SWAT2000 Targeted Solutions Enable Leading Financial Services Company To Beat The Year 2000 ROCKVILLE, Md. - May 4, 1998 - INTERSOLV, Inc. (NASDAQ: ISLI) today announced an agreement with the Teachers Insurance and Annuity Association (TIAA-CREF) to accelerate the completion of the organization's Year 2000 projects with INTERSOLV SWAT2000 solutions. A set of targeted, … la carte solutions, SWAT2000 will provide the leading nationwide retirement and financial services company for educational organizations quick, predictable results for Year 2000 compliance, as well as build a change management infrastructure for subsequent development and renewal efforts. As a premier financial institution dealing with billions of dollars in transactions each day, TIAA-CREF is committed to ensuring its systems are compliant well before the Year 2000; thus preventing business interruptions for its participants, client institutions and business partners. INTERSOLV will provide the Portfolio Inventory and SCM2000 components of SWAT2000 for a complete analysis of all affected systems, and build a lasting infrastructure that enables teams of any size to organize software assets, manage issues and standardize build processes. Designed to minimize the risk in Year 2000 projects, SWAT2000 combines proven processes, world-class products and experienced people to quickly identify and resolve Year 2000 problems. "We are confronting the Year 2000 issue head-on and are dedicated to completing our corporate-wide Year 2000 initiative well in advance of the approaching deadline," said Howard Rothwell, senior manager at TIAA-CREF. "We were looking for quick, reliable solutions to deliver the exact level of expertise and assistance needed to accelerate certain project objectives. We chose SWAT2000 based on INTERSOLV's experience and proven results for enterprise application renewal projects." With SWAT2000 solutions, TIAA-CREF will meet their Year 2000 project objectives and establish a software development infrastructure built on best practices to help ensure the successful delivery of future information systems. SCM2000 is the foundation for TIAA-CREF's strategic software configuration management (SCM) infrastructure. Designed to meet a variety of specific project objectives for the Year 2000, SWAT2000 solutions are a key component of INTERSOLV Factory2000, a comprehensive set of products and services that turn the Year 2000 into a competitive advantage. TIAA-CREF joins a growing number of global organizations across a wide range of industries including telecommunications, financial services, manufacturing and insurance, which have enlisted Factory2000 for their enterprise application renewal needs. "With time running out to efficiently complete the Year 2000 initiative, customers such as TIAA-CREF are looking for targeted solutions that accelerate specific areas of their Year 2000 efforts," said Harold Daniels, INTERSOLV vice president for Enterprise Application Renewal. "With the Portfolio Inventory and SCM2000 components of SWAT2000, TIAA-CREF can quickly determine the scope of a Year 2000 project and implement a solid change management infrastructure. SWAT2000 delivers the necessary combination of software and professional expertise to rapidly meet their objectives and deliver predictable results." INTERSOLV Enterprise Application Renewal Factory2000 and its new SWAT2000 component are part of INTERSOLV's broad range of enterprise application renewal solutions. INTERSOLV renewal solutions help customers rapidly evolve enterprise information systems by extracting value from existing systems and developing new and complementary components under a "best practices" framework. Application renewal projects can quickly upgrade enterprise capabilities in areas such as Year 2000 readiness, Euro currency compliance and I-Net enablement. INTERSOLV Corporate Profile INTERSOLV, Inc. delivers innovative solutions for the entire application enablement process - empowering organizations to accelerate the delivery of information systems across client/server, Internet or intranet environments. Customers worldwide rely on INTERSOLV's automated software quality, data connectivity and enterprise application renewal solutions to gain a true competitive advantage. Partnering with INTERSOLV, organizations achieve the agility and flexibility to respond quickly to rapid business and technological change. With annual revenues exceeding $185 million, INTERSOLV has more than 4.5 million customer licenses at over 35,000 customer sites around the world. Additional information about INTERSOLV is available via the World Wide Web at intersolv.com or by calling (800) 547-4000.