To: Pied Piper who wrote (79 ) 2/22/1999 5:10:00 PM From: Ram Seetharaman Respond to of 120
AGS info. Monday February 22, 2:26 pm Eastern Time Company Press Release SOURCE: SAGA SOFTWARE, Inc. SAGA SOFTWARE Participates in BancBoston Robertson Stevens 16th Annual Technology Conference Fast Growing Enterprise Solutions Company Goes to Major Conference in Wake Of Four Consecutive Years of Doubled Net Income RESTON, Va., Feb. 22 /PRNewswire/ -- On the heels of its fourth consecutive year of doubling net income, SAGA SOFTWARE(TM), Inc. (NYSE: AGS - news) marks its second year as a presenting participant in BancBoston Robertson Stephens' 16th Annual Technology Conference in San Francisco this week. A summary of SAGA's presentation follows: SAGA Corporate Mission: SAGA provides enterprise-class software products and services designed to help companies integrate and unify new and existing computing systems. By the year 2000, SAGA's goal is to be a leader in a growing, relatively untapped, enterprise integration market. Demand for SAGA's products and services is driven by helping large enterprises operate more productively and efficiently. SAGA Profile: SAGA has over 25 years of experience in enterprise-class, high- transaction, mission-critical software and database applications. With about 1000 employees (500 + technical people) in offices in the United States, Canada and Mexico and with affiliate support throughout Asia-Pacific, Europe, Japan, Latin America, the Middle East and South America, SAGA has the resources to meet expectations of its 1,500 blue-chip customers worldwide. SAGA became a public company in November 1997. SAGA Growth: At its IPO, management promised to deliver revenue and earnings growth and a new name customer strategy. SAGA is on track to meet and exceed these goals. For example, revenue increased by 37% and earnings grew by over 100% in 1998 from revenue and earnings reported in 1997. SAGA announced in 1998, a new enterprise application integration product, Sagavista, expected to be shipped in Q3 1999. SAGA's Strategic Advantage: * Financial strength. * 25 years of experience in addressing complex enterprise level computing environments. * 1500 enterprise customers. * Positioned to benefit from three large enterprise markets: (1) Mission- critical applications; (2) technology integration; (3) professional services. * New technology in the enterprise application integration market, Sagavista. Key Drivers of Growth Strategy: (1) Leverage customer base: * 1500 enterprise customers: MIPS expansion driving 25% product growth; customer maintenance renewal of over 90%. * Mission critical applications: Provide proven high-performance enterprise products. * New versions and products fuel SAGA's successful enterprise license agreement model. (2) Expand product and service offerings: * Focus on enterprise integration market through our new product, Sagavista. * Entry point for new customers. Value Proposition of Sagavista * Allows access to existing data and ERP systems. * Can eliminate as much as 80% of costly custom programming required for application integration and single point of failure architecture. * Enables business to business e-commerce. SOURCE: SAGA SOFTWARE, Inc.