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To: OFW who wrote (19172)5/19/1998 12:07:00 PM
From: TokyoMex  Read Replies (1) | Respond to of 34592
 
PTUS news,, this is the bottom for this dog ,,

Subj: Year 2000 Wire/ Peritus Wins 30 Million Lines of Code...
Date: 98-05-19 12:00:21 EDT
From: AOL News
BCC: TokyoMexx

Year 2000 Wire/ Peritus Wins 30 Million Lines of Code From New Customers; Year 2000 Factory Utilization Reaches New Highs

BILLERICA, Mass.--(BUSINESS WIRE)--May 19, 1998--Peritus Software Services, Inc. a leading provider of solutions for software maintenance and software evolution, today announced that an additional 30 million lines of code were added to its Year 2000 factory services business in the last 3 months. The factory is addressing the Year 2000 software problem for leading U.S. and international firms. Among the customers that contributed to the 30 million are Great American Insurance Company, Novartis, and Sun Trust. Peritus is also performing Year 2000 work on behalf of some of its service providers.

By using the Peritus factory to correct Year 2000 problems, these firms are able to achieve century compliance without adversely impacting their current IT resources. The Peritus Year 2000 factory uses its own experienced and highly trained staff to make the required corrections in software applications. By using state-of-the art tools and processes, the factory provides clients with a complete solution for meeting their Year 2000 deadlines. The Peritus Year 2000 factory provides clients with a cost-effective, efficient, and highly accurate renovation solution. "The increase in factory business validates that the Year 2000 market is shifting from a tools market to a services market," said Bill Sawyer, VP Client Operations. "Peritus is well positioned with its Year 2000 factory capabilities to handle the ever-increasing demand for Year 2000 renovations."

"We see evidence that companies are taking more aggressive steps to achieve century compliance," said Gareth Taube, VP of Worldwide Marketing. "We believe that the change in our business can be attributed to the fact that many companies are coming to the realization that outsourcing applications with us is a viable and effective means for attaining Year 2000 compliance."

To deliver cost-effective, high quality Year 2000 services that meet client requirements, the factory uses a combination of the Peritus Enterprise Renovation Suite/2000(tm) tools and the Peritus Automate:2000(R) service process. The factory offers the client the ability to have non-Year 2000 compliant applications fixed by any of the three industry proven strategies-logic correction, date expansion, or a hybrid approach. The Peritus Year 2000 factory corrects millennium problems found in a large variety of programming languages.

About Peritus

Peritus Software Services, Inc., (NASDAQ:PTUS) is a leader in providing solutions for software maintenance and software evolution. Peritus software maintenance solutions transform software maintenance into an efficient, cost effective process that can boost the performance of any IT organization. For the Year 2000 problem, Peritus provides a complete solution for implementing and evaluating Year 2000 compliance. To date, hundreds of clients and more than 30 service providers have successfully renovated billions of lines of code with Peritus products and services. Founded in 1991, Peritus employs over 400 software professionals. Headquartered in Billerica, MA, Peritus delivers its services around the world through consulting centers in Westboro, MA; Trumbull, CT; Lisle, IL; Mountainview, CA; Cincinnati and Dayton, OH; Bangalore, India; and Barcelona, Spain. For more information about Peritus, call 1-800-598-7787 or visit the Peritus web site at peritus.com.

-0-

Peritus is a registered trademark, Automate:2000 is a registered servicemark, and Enterprise Renovation Suite/2000 is a trademark of Peritus Software Services, Inc.

CONTACT:

Peritus Software Services, Inc.

Ted Swoyer, (978) 670-0800

tswoyer@peritus.com

or

FitzGerald Communications, Inc.

Kim Miller, (617) 494-9500

kmiller@fitzcomm.com

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