Keane Signs Year 2000 Contract With Federal Home Loan Bank of
Pittsburgh
Keane Directs Awareness, Assessment and Validation Phases of Engagement
BOSTON, July 14 /PRNewswire/ -- Leading IT consulting firm Keane, Inc.
(Amex: KEA) today announced it has been retained by the Federal Home Loan Bank
of Pittsburgh to help manage year 2000 compliance activities for the $30
billion bank. The engagement, expected to be completed by mid-1999, will be
supported by Keane's Pittsburgh branch office.
Under the new contract, Keane will manage several phases of Federal Home
Loan Bank's year 2000 compliance activities for their infrastructure, end-user
systems and service providers. Keane will use its renowned Resolve 2000
methodology and project management approach for the awareness, assessment and
validation phases for the 63 primary applications, of which 11 are mission
critical.
The awareness phase involves establishing a Program Management Office
(PMO) led by a Keane program manager. The manager, who reports to the bank's
year 2000 Project Manager Wayne G. Hennemuth, is responsible for the overall
management of Keane's year 2000 compliance activities at the bank, including
maintenance of the project plan and continual communication with the various
departments throughout the bank.
For the assessment phase, Keane will help identify all hardware, software,
service providers and vendor support products that require year 2000
remediation. Keane will also be instrumental in developing the testing
strategy and test plans for the bank and for overseeing all testing of
completed code remediation during the validation phase.
"We selected Keane because of their depth of experience and knowledge in
IT solutions," said William Batz, executive vice president and chief operating
officer at the Federal Home Loan Bank of Pittsburgh. "We are certain they
will make a significant contribution to this important engagement."
"This is very exciting for Keane to be able to apply our knowledge and
experience of working on hundreds of year 2000 projects to the Federal Home
Loan Bank engagement," said Kathy Gennuso, branch manager for Keane's
Pittsburgh branch. "We look forward to working with them, and we're confident
that we will be able to complete the task quickly and exceed expectations."
The Federal Home Loan Bank of Pittsburgh is part of the Federal Home Loan
Bank System, a national network of 12 regional, stockholder-owned banks
created by the U.S. Congress in 1932 to promote housing finance. The bank's
economical funding and correspondent operating services are available to all
qualifying financial institutions, including commercial banks, savings
institutions, credit unions, and insurance companies. With assets of more
than $30 billion, the Pittsburgh Bank services nearly 400 financial
institutions in Pennsylvania, West Virginia, and Delaware.
Headquartered in Boston, Massachusetts, Keane, Inc. is an $800 million
firm that helps companies build and manage high-performance IT organizations.
Keane does this by adhering to rigorous process and management disciplines and
performance metrics incorporated in its six core IT solutions. Keane's
services include IT consulting, application development, application
outsourcing, year 2000 compliance, help desk outsourcing, and enterprise
healthcare solutions. These service offerings are delivered through a North
American network of more than 40 branch offices. Information about Keane,
which was recently named the Wall Street Journal's Best 10-Year Performer, is
available via the Internet's World Wide Web at keane.com.
This release contains a number of forward-looking statements concerning
the company's current expectations as to future growth. Actual results may
differ materially depending on the various factors set forth under the caption
"Certain Factors That May Affect Future Results" in the company's annual
report or Form 10-K for the year ended December 31, 1997, which important
factors are incorporated herein by reference. Such factors include the
ability of Federal Home Loan Bank of Pittsburgh under certain circumstances to
cancel its contract with Keane, the ability of Keane to perform services for
Federal Home Loan Bank of Pittsburgh in an effective manner, changes in
business conditions, the successful completion of software development or
management projects, the availability of professional staff and various other
factors which involve risk and uncertainty.
SOURCE Keane, Inc.
Web Site: keane.com
CONTACT: Carol DeMatteo, Public Relations of Keane, 617-241-9200
ext. 1293 |
