KEA (Keane) Application Outsourcing for E-Commerce

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Technology Stocks
KEA (Keane) Application Outsourcing for E-Commerce

An SI Board Since February 2000

Posts	SubjectMarks	Bans	Symbol
34	4	0	KEA

Emcee: bob zagorin	Type: Unmoderated

Introduction Market Data Compact

Keane Awarded $20 Million Application Outsourcing Contract With GMAC

BOSTON, Feb. 15 /PRNewswire/ -- Leading business and information
technology (IT) consulting firm, Keane, Inc. (Amex: KEA), today announced it
has been awarded a $20 million, five-year application outsourcing contract
with General Motors Acceptance Corporation (GMAC), the financial division of
General Motors. Keane's Detroit team is managing the engagement.
The agreement calls for Keane to assume responsibility for the support and
maintenance of GMAC's major applications, including: vehicle pricing; expense
reporting; profitability tracking; and PC desktop applications that provide
information to executive offices and GMAC North American branches.

(Photo: newscom.com

"We selected Keane because of its leadership and experience in application
management," said Ray Shaffer, director, GMAC IS&S. "Keane's rigorous process
and management disciplines will help GMAC meet our business objectives and
Keane has demonstrated the commitment to work with us as a true partner to
achieve these objectives."

Keane is applying its application management outsourcing solution to the
engagement to ensure optimal performance and business value from GMAC's
existing mission critical systems and technology investments. Keane's
solution incorporates process improvement and management disciplines, as well
as comprehensive performance metrics measuring work volume, quality, cost,
cycle times and customer satisfaction.

Keane's application outsourcing processes are aligned with the Software
Engineering Institute's (SEI) Capability Maturity Model (CMM). The CMM is
recognized within the IT industry as the standard for measuring the
effectiveness of IT development and management processes. It provides a
framework for improving the overall quality of application design, allowing
quicker development cycles, lower production application support costs,
significant reductions in rework, and quicker corporate response time.

"We are pleased to establish an outsourcing partnership with such a
prestigious organization as GMAC," said John Flavin, senior vice president,
strategic practices, Keane, Inc. "We are confident that Keane's expertise in
application outsourcing, in combination with its proven capabilities in
project management, will deliver quantifiable business value to GMAC."

About GMAC

GMAC, a wholly owned subsidiary of General Motors Corp., is one of the
world's largest financial services companies with business lines in automotive
finance, commercial and residential mortgages, and insurance. More
information on GMAC Financial Service is available at gmacfs.com.

About Keane, Inc.

Headquartered in Boston, Massachusetts, Keane, Inc. is a $1 billion firm
that helps companies plan, build and manage application software to achieve
business advantage. Keane does this by adhering to rigorous process and
management disciplines and performance metrics incorporated in its core IT
solutions. Keane's services include operations improvement consulting, e-
Solutions, customer relationship management (CRM), data warehousing, custom
application development, and application outsourcing. These services are
delivered through a network of more than 50 branch offices in North America
and the United Kingdom. Information about Keane is available via
www.keane.com or via Shareholder Direct at 1-800-75-KEANE.

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, 1998, which important
factors are incorporated herein by reference. Such factors include the
ability of GMAC under certain circumstances to cancel its contract with Keane,
the ability of Keane to perform services for GMAC 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.

CO: Keane, Inc.; GMAC; General Motors Corp.

ST: Massachusetts

IN: CPR MLM

SU: CON

02/15/2000 10:01 EST prnewswire.com

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Reply	Message Preview	From	Recs	Posted
34	I'm afraid the extremely low unemployment rate we have enjoyed for many year	Yogizuna	-	11/17/2000
33	KEA and others, Horizon, DCI, Ajilon, etc. all expeiencing diminished business.	vestor	-	11/15/2000
32	KEA to no position.....	Yogizuna	-	11/10/2000
31	The shares were trying to break above above falling trend-line resistance and th	Yogizuna	-	11/9/2000
30	Under current market conditions, yes! <sad grin> Yogi	Yogizuna	-	10/25/2000
29	Yogi, Kea's PE too high at 15x next years earnings? Are you being serious?	D. Swiss	-	10/20/2000
28	P/E on KEA probably still too high here..... Yep, ATML was deeply oversold on th	Yogizuna	-	10/20/2000
27	Yogi, screw KEA, check out ATML. :o) Drew	D. Swiss	-	10/19/2000
26	Hi Drew, Sorry to take so long getting back here, but we did get a new buy signa	Yogizuna	-	10/19/2000
25	Hey Yogi, we could use one of those buy signals. :o) Drew	D. Swiss	-	10/16/2000
24	KEA is now trying to hold on to gently down-sloping trend-line support.	Yogizuna	-	9/14/2000
23	Hi Leo, I did not buy any yet, and the shares went to a hold signal last night f	Yogizuna	-	9/1/2000
22	hello yogi, weak today. false alarm? For the last many months the rule has b	Leo Mitkievicz	-	8/30/2000
21	KEA went to a new buy signal last night, so I may buy some shares today if anyon	Yogizuna	-	8/29/2000
20	Some tid bits.... one of the Keane Bros. has resigned. There has been a dramatic	vestor	-	8/9/2000
19	Up 6 5/16. I guess some investors agreed that Keane had possibly reached a bot	Surprise	-	4/26/2000
18	Possible bottom is in place on KEA now, as it is oversold on both the hourly an	Yogizuna	-	4/13/2000
17	Keane, Inc. Passes Milestone With More Than 25 Application Outsourcing Engageme	bob zagorin	-	3/7/2000
16	It looks like your investment in CHRZ is paying off. I was expecting both it a	Jason M	-	3/1/2000
15	I am very, very heavy into CHRZ as well. With Y2K behind them, the street is n	John D. White	-	3/1/2000
14	doug, you may know more about keane than i do. my investment thesis here is sim	bob zagorin	-	2/26/2000
13	Bob: Thanks for returning my enquiry. I did see that clip. Is my Interpretati	Doug	-	2/26/2000
12	did you see this last week? "...BOSTON, Feb. 15 /PRNewswire/ -- Leading bu	bob zagorin	-	2/25/2000
11	Bob: I have the following concerns a: Book to Bill: This was reportedly very l	Doug	-	2/24/2000
10	the last Q report was for Q4 99 and few believe the post-y2k will kick in until	bob zagorin	-	2/24/2000

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