To: QuietWon who wrote (62030 ) 3/16/1999 11:29:00 AM From: judge Read Replies (2) | Respond to of 119973
IINT I definitely agree.. Enterprise software companies have been depressed ..To me a perfect time to reeneter.. j Improved business processes and tight operational control yielded significant improvements: -- Of the significant license transactions, the company closed 20 deals over $200,000, with 6 of those over $1 million. Indus continues to be the leading EAM (Enterprise Asset Management) software vendor in the Utilities sector, and delivered significant wins in process manufacturing, including Oil and Gas, Pulp and Paper, and Metals and Mining. Impressive North American client wins included First Energy Corp., Wisconsin Public Service Resources, Bonneville Power Administration and PREPA. New customer wins outside of North America included Koa Oil Company Ltd., Albras and Polish Power Grid Company. -- Record collections contributed to a reduction in Days Sales Outstanding to 109 days, a continued steady improvement from 123 days in the third quarter and 138 days in the second quarter. -- Continuing the quality process for its product delivery, the company achieved ISO9001, ISO9002 and TickIT certification. -- Solid early market acceptance of Indus Business Intelligence (BI) Solutions -- the Indus Knowledge Warehouse -- resulted in four new contracts and implementations at customer beta sites. BI customers included Idaho Power and Boston Edison. -- New software releases for PassPort and EMPAC are on track. Indus Solution Series -- PassPort 7.0 will provide comprehensive Java-based browser support and strong international functionality. Indus Solution Series -- EMPAC 8.0 will provide the market's only fully integrated Asset Optimization capability, EURO support, extended corporate materials management and Curator 3.0, Indus' Electronic Document Management and Workflow system. Indus International is the largest provider of Enterprise Asset Management solutions in the world. The Indus Solution Series of products and services enables its customers to reduce cost, increase capacity, assist with regulatory compliance and improve their overall return-on-investment and competitiveness. Indus Solution Series include unique capabilities for capital intensive industries such as Energy, Telecommunications, Process Manufacturing, and the Public Sector. Headquartered in San Francisco, the company provides software and services to over 300,000 users in more than 40 countries. Statements in this press release regarding anticipated future results may be considered forward-looking statements. Actual results may differ from those projected in any such statements due to various factors, including, among others, economic conditions in process industry segments, the demand for the company's products and services, difficulties of integration of The Indus Group, Inc. and TSW International, Inc., changes in pricing policies of competitors, increased competition, technological changes in computer systems and environments, changes in Company management and changes in customer budgets. These uncertainties and other risks are detailed in the Company's reports and other filings with the Securities and Exchange Commission, including its 1997 Form 10K. Note to Editors: INDUS, PassPort Software Solutions, ABACUS, Portal/g, Portal/95, Portal/97, ViewPort, Prism Consulting, Enterprise MPAC, Curator and AssetWare and Asset Care are trademarks and servicemarks of Indus International, Inc.