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Technology Stocks : Peritus Software Services (PTUS) -- Ignore unavailable to you. Want to Upgrade?

To: kvogel who wrote (1346)	6/3/1998 12:52:00 PM
From: JSI	Respond to of 1960

To all, Did we miss this one, or did nobody care. It seems interesting to me. Don't they get an upfront sum of money for licensing, and then royalties for each line of code. Should be the same with the testing tool. JSI Peritus Licenses RQE Technology To Averstar Ready2000 Uses RQE In Independent Verification System That Evaluates Year 2000 Renovations BILLERICA, MA, May 26, 1998-Peritus Software Services, Inc. (NASDAQ: PTUS) and AverStar, Inc., today announced an agreement to allow AverStar's Intermetrics subsidiary to integrate the Peritus RQE technology with the Intermetrics evaluation process to provide an independent quality evaluation of Year 2000 renovated COBOL applications. AverStar will combine the Peritus tools with its own expertise in operational software assurance as part of the Ready2000 Service. Ready2000 provides customers withsecure and proven Year 2000 test and renovation evaluation services regardless of what tool or strategy was used to renovate software applications. AverStar selected the Peritus RQE technology because it offers very high accuracy in the identification of date-sensitive items in applications. The RQE technology uses "knowledge propagation" to follow the movement of date-sensitive items and identifies them from their use and formats, rather than from their names. The AverStar expertise coupled with the advanced RQE technology, provides organizations with a means for saving time and money on the evaluation phase of Year 2000 projects. "Organizations need confidence that their Year 2000 partners have successfully addressed the millennium problem in their software. Because of its established position in the testing marketplace, AverStar is uniquely positioned to provide outstanding evaluation services," said Gareth Taube, vice president of Worldwide Marketing for Peritus. Businesses can reduce testing time and cost by performing an independent evaluation on their renovated code. An independent evaluation can also demonstrate due diligence to support that software applications are ready for the Year 2000 challenge. AverStar will leverage the Peritus automation technology and mass change reputation to supply Year 2000 evaluation services to companies that have used either manual or automated solutions to handle their COBOL Year 2000 problems. "Simply renovating existing code is not the end of the Year 2000 issue," said Joe Saponaro, president of Intermetrics and vice president of AverStar. "Companies need to perform an independent evaluation of their renovations to determine whether the code will function properly on January 1, 2000. As businesses shift the focus from assessment and renovation of code to evaluation and testing, new markets and revenue potential will open up for AverStar as a result of this alliance." About AverStar AverStar, formed by the recent merger of Intermetrics and Pacer Infotec, creates and validates exceptional software and solutions for the critical systems of government and commercial customers. The company consistently delivers high-quality, reliable products and services in areas such as civil government, aerospace, defense, and corporate enterprise. AverStar headquarters are located in Burlington, Mass., with 30 offices throughout the United States. Please visit AverStar's Website at www.averstar.com. The Intermetrics subsidiary was founded in 1969 and has provided software development and assurance services for industry and government, ranging from NASA's space flight program to the Internet's working and learning environments. Proven processes developed from those efforts have been adapted to help industry leaders solve their Year 2000 problem. 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 more than a billion lines of code with Peritus products and services. Founded in 1991, Peritus employs 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. Peritus is a registered trademark, and Renovation Quality Evaluation (RQE) is a servicemark of Peritus Softwa