To: P. Ramamoorthy who wrote (13231 ) 11/9/1998 10:20:00 AM From: bob Read Replies (1) | Respond to of 13949
[ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire ] Monday November 9, 9:48 am Eastern Time Company Press Release SOURCE: SEEC, Inc. State of New York Signs Software Agreement with SEEC; Two Agencies Already Using SEEC Smart Change Factory Solution for Year 2000 PITTSBURGH, Nov. 9 /PRNewswire/ -- The New York State Office of General Services has signed a master software agreement with SEEC, Inc. (Nasdaq: SEEC - news), allowing state and local government agencies in New York to directly purchase SEEC's enterprise reengineering and year 2000 solutions. The New York State Office of Real Property Services and New York City Human Resources Administration already are using SEEC's solutions to complete their year 2000 compliance efforts. SEEC is now an approved supplier of software tools and services for any state, county or municipal government department in New York, and for certain non-profit organizations. Agencies will be able to purchase the SEEC Smart Change Factory(R) year 2000 solution, SEEC COBOL Slicer(R), SEEC IV&V Workbench(TM) and other products on uniform terms and conditions, streamlining the purchasing process. ''This license agreement with the State of New York lets agencies spend less time purchasing tools and services, giving them more time to fix, verify, and test their systems,'' said Ravi Koka, president and CEO of SEEC. More than 10 state and U.S. federal agencies are using the Smart Change Factory solution to address the year 2000 problem, including the Human Resources Administration of New York City. ''SEEC's PC-based solution provided a short learning curve, helping us address the problem quickly, efficiently and accurately,'' said Dennis Fecci, deputy administrator for MIS at HRA. ''This tool-assisted analysis and renovation gives us added confidence that our systems will continue to function properly before and after January 1, 2000.'' According to Koka, ''Worldwide surveys indicate that government agencies trail the private sector in addressing the year 2000 problem. That makes it especially important that governments get immediate access to proven solutions that can help them make up for lost time. Our Smart Change Factory solution has proven its value for more than 100 public and private organizations worldwide, in many cases reducing year 2000 project times by 30 percent or more.'' The SEEC Smart Change Factory includes second-generation PC-based software tools and proven methodologies for year 2000 impact assessment, automated remediation, testing, and independent verification and validation. Service providers and leading international companies have used the Smart Change Factory tools since 1995 to process more than 1 billion lines of code on IBM (MVS and DOS/VSE), Unisys (A Series and 2200 Series), DEC/VAX and HP3000 mainframes. About SEEC SEEC, Inc. (Nasdaq: SEEC - news) provides integrated and comprehensive enterprise solutions that maximize the value of legacy computer assets by adapting mainframe systems to changing business needs. SEEC's solutions combine a suite of proven software products with well-defined repeatable methodologies that improve the quality, productivity and effectiveness of the reengineering process. Manufacturers, telecommunications providers, financial services companies, public agencies and IT service providers are using SEEC's tools and processes to address reengineering challenges like the year 2000 problem and the transition to the unified European currency (the euro); to improve software quality through independent verification and validation (IV&V); and to integrate new technologies like the World Wide Web and data warehousing. SEEC has direct sales and support offices in North America, Europe and Asia plus sales and services alliances with leading global IT service providers. Visit SEEC's Web site at www.seec.com. SEEC product names are trademarks of SEEC, Inc. All other products and company names are trademarks of their respective companies. The statements made in this press release that are not historical facts contain forward-looking information that involves risks and uncertainties that may cause actual results to differ. Such risks include, but are not necessarily limited to, those detailed in the Company's Securities and Exchange Commission filings. SOURCE: SEEC, Inc.