Excuse me,
Did you rich guys post this yet?
Congratulations,
NEW YORK (March 15) BUSINESS WIRE -March 15, 1999--
Internet Professional Services Firm Adds Enhanced Network and Security Services, Enterprise Architecture, and Software Engineering
US Interactive, a leading International Internet professional services company, today announced the acquisition of assets of Invengen.
Effective as of the closing the entire Invengen professional staff joins US Interactive. Based in Murray Hill, N.J., Invengen specializes in the convergence of IP networking, security, and distributed applications with a focus on high availability, performance, security and time-to-market compression. Financial terms of the deal were not disclosed.
"The overwhelming market acceptance of our thought-leadership around the Electronic Enterprise and our innovative E-Roadmap planning system has fueled the phenomenal growth of US Interactive," said Eric Pulier, Chairman and co-founder of US Interactive.
"Our Internet solutions are developed on a scaleable, performance-driven architecture for a Global 2000 client base. Invengen has been intimately involved in the creation of several of the Internet's base technologies. Invengen's unparalleled expertise in security technologies, scalable database architecture, network protocols, systems management, and operating systems will greatly enhance our Electronic Enterprise solutions."
"Customers and end-users are increasingly concerned about slow response and system outages in Internet-centric systems. This is because, availability and performance are often not part of the initial design. We build security, availability and performance into the solution at inception", said Ajit Prabhu, Senior Managing Director of Invengen.
"Combining US Interactive's leadership in 'Enabling the Electronic Enterprise' with Invengen's expertise in building secure, distributed infrastructures creates a powerhouse in the Internet Professional Services marketplace"
"Delivering networked, secure, high availability, high performance systems rapidly in today's networked enterprise environment requires a new breed of talent and problem solvers," said Todd Jay Mitty, Managing Director of Invengen. "Joining forces with US Interactive is a strategic move for all of us, since they very clearly share our vision of Internet professional services."
Invengen's service offerings include technology development, new product development services for electronic commerce, new media, networking, and software intensive applications. The company has offered its clients a unique and complementary pool of business, technology, and finance expertise through partnerships with its co-founders, the Thurston Group.
Invengen has over 10 years average experience in software intensive technology design and development. In addition, over 30 percent of the personnel at Invengen have Internet-industry related Ph.D's, while 100 percent have industry-related postgraduate degrees.
US Interactive (http://www.usinteractive.com) is a leading International Internet Professional Services Company dedicated to the engineering of Electronic Enterprise solutions. Electronic Enterprise solutions link an organization's strategic business objectives with advanced Internet technologies.
US Interactive provides a full-range of Electronic Enterprise solutions, including Intranet, extranet, electronic commerce and Internet solutions, through a proprietary E-Roadmap development system to ensure successful and seamless deployment. US Interactive's investors include Safeguard Scientifics, Inc.
Safeguard Scientifics, Inc. (NYSE: SFE) is a unique partnership of entrepreneurial companies focused on information technology markets. Safeguard has interests in 26 partnership companies plus eight private equity funds.
Safeguard's market capitalization combined with its affiliated venture funds' committed capital under management is in excess of $2 billion. (The US Interactive name and design, E-Roadmap and IVL Methodology are all trademarks of U.S. Interactive, Inc.)
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CONTACT: US Interactive
James H. DeLorenzo, Director of Public Relations,
Direct PR Phone: 610/382-8812
Direct PR Fax: 610/382-8908
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