Major Electricity and Gas Company Standardizes on Brio Software to Manage Energy DeliveryXcel Energy Installs Brio's Solutions to Assist With its Operational Query and Reporting Needs SANTA CLARA, Calif., February 12, 2002 -- Brio Software, Inc. (Nasdaq: BRIO), a leading provider of next-generation business intelligence tools and applications that help global 3000 companies achieve breakthrough business performance, today announced that Xcel Energy (NYSE: XEL) has deployed Brio's products across several business units to analyze complex data from disparate sources, turning it into useful information from which better business decisions can be made. "We chose to work with Brio because they provided the most effective tools and applications available for creating performance dashboards to help guide business decisions and track performance across the organization," stated Gene Smith, program manager, Xcel Energy. "Brio has already proved to be not only a cost-effective resource, but also an essential solution that will help us gain a competitive advantage in today's business environment." With the utilities industry becoming increasingly competitive, Xcel Energy recognized the need to implement a business intelligence solution to help managers identify important issues affecting various divisions of the organization. As the preferred business intelligence provider within Xcel Energy, Brio Software provides business units with new insight into production, operations, inventory, workload levels, customer accounts and contracts, and engineering designs. "Xcel Energy was looking for a simple way to obtain information from its existing knowledge warehouse, and that is exactly what Brio provided," stated Don Beck, executive vice president, worldwide sales, Brio Software. "With the data they are able to extract, Xcel employees are equipped with the resources to continually monitor and report on all aspects of their business, including customer issues, supplier requests, and employee performance. Using Brio's products, Xcel Energy has found a powerful way to improve its business performance." By deploying Brio's tools and applications, Xcel Energy is able to provide business managers with access to mission-critical operational data from its knowledge warehouse, delivering real-time information to employees via a web-enabled interface. Additionally, Brio provides Xcel Energy users with all information located in the company's data warehouse to help make critical business decisions, identify significant trends in the marketplace and reduce costs across all levels of the organization. Xcel Energy Delivery chose to implement Brio's solutions after a review of all top business intelligence competitors. About Xcel Energy About Brio Software Brio Intelligence, Brio Portal, Brio Reports, Brio Performance Suite and Brio Performance Applications are trademarks of Brio Software. The statements in this press release regarding the results and improvements obtained based on the implementation of Brio Software applications within Xcel Energy are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, changes in business strategy, quality and integrity of data inside the Brio applications, limited resources for product installation and integration of the Brio Software applications at Xcel Energy, specific software versions at Xcel Energy sites, as well as Brio's future product direction and general economic conditions. For a more complete discussion of risk factors that could affect Brio's current and future operating results, see the discussions in Brio's reports filed with the SEC from time to time, including but not limited to Brio's Annual Report on Form 10-K for the year ended March 31, 2001 filed with the SEC on June 29, 2001 and Brio's Quarterly Reports on Form 10-Q for the quarter ended June 30, 2001 filed with the SEC on August 14, 2001 and for the quarter ended September 30, 2001 filed with the SEC on November 14, 2001. |