SAGENT AND CAP GEMINI ERNST & YOUNG U.S. LLC FORM ALLIANCE TO RAPIDLY DELIVER QUALITY BUSINESS INTELLIGENCE SOLUTIONS
Sagent Solution chosen as toolset for inclusion in CGE&Yís Advanced Development Center network and as development partner in CGE&Yís Business Intelligence Center for Excellence
MOUNTAIN VIEW, Calif and NEW YORK, N.Y., óMarch 11, 2002ó Sagent (Nasdaq: SGNT), the leading provider of business intelligence solutions, and Cap Gemini Ernst & Young U.S. LLC (CGE&Y) (PSE: PCAP), member firm of one of the largest management and IT consulting firms in the world, today announced they have formed an alliance allowing CGE&Y to transparently integrate Sagentís technology and distribute it to the consulting firmís customers. This alliance is aimed at helping companies rapidly create high-quality, cost-effective analytical applications for business intelligence and customer relationship management systems, using Sagentís business intelligence solution.
"The business intelligence market will continue to grow over the next several years, and our relationship with Sagent allows us to capitalize on this growth by delivering a wider range of scalable, enterprise solutions to the market," said Brian Queenin, vice president and practice leader for Business Intelligence, Cap Gemini Ernst & Young U.S. LLC.
Through this joint effort, Sagent and CGE&Y are quickly and successfully implementing the Sagent Solution for a leading global media company based in New York City, and a leading food products company located in St. Louis, Mo.
The Sagent Solution will be delivered to CGE&Y customers via CGE&Yís Advanced Development Centers (ADC), a part of the CGE&Y network of ISO9001 facilities primarily focused on custom technology solutions co-developed with clients and designed to improve speed of design and predictability of development. Within the ADC network is CGE&Yís Business Intelligence Center of Excellence (COE), which is the arm of the ADC network responsible for the development, maintenance and preparation of showcasing the solutions developed. The solutions developed at the COE are defined as accelerators that help consulting teams start on new engagements. The COE also maintains leading practices for the development of data warehouse dimensional models, ETL practices and development with OLAP tools.
"As we embark on delivering the Sagent Solution to our clients, our network will accelerate project delivery with zero start-up time for CGE&Y customers who are looking to implement solutions for business intelligence or a complete data warehouse," said Mark P. Richardson, vice president, Critical Technologies/Information Management, CGE&Y U.S. LLC. "With this alliance, we will ensure that our customers transparently implementing the Sagent Solution will get Ďspeed, with quality.í"
"Now that we are being included in the ADC network, the visibility of our open and complete business intelligence solution will be greatly elevated and we will be able to leverage some of the best BI capabilities available," said Steve van den Berg, vice president, business development, Sagent. "As part of this alliance, we will train CGE&Y consultants and provide CGE&Y customers ongoing technical support for the business intelligence and data warehousing solution the two companies are developing."
About Cap Gemini Ernst & Young
Cap Gemini Ernst & Young is one of the largest management and IT consulting firms in the world. The company offers management and IT consulting services, systems integration, and technology development, design and outsourcing capabilities on a global scale to help businesses continue to implement growth strategies and leverage technology in the new economy. The organization employs about 57,000 people worldwide and reports global revenues of about 8.5 billion euros (2000 pro forma).
Sagentís suite of Business Intelligence solutions enables companies to measurably impact their business by implementing highly successful customer relationship and financial management initiatives. Through Sagentís powerful enabling technologies, organizations can easily and rapidly turn company data into relevant information that can be used for effective decision-making, analysis and reporting. Information can be extracted from multiple sources (internal and external), optimized for decision support and delivered in a customized format for Web-based or client applications. Even the most complex analytic application can be developed in weeks, not months.
More than 1,500 companies have selected Sagent software to enhance customer retention, cross-sell/up-sell, improve customer service, increase efficiencies of marketing campaigns, streamline business operations, analyze financials, and reduce costs. Customers include AT&T, BP Amoco, Boeing Employees Credit Union, Bristol Meyers, British Telecom, California State Automobile Association, Citibank, GPU Energy, Hughes Aircraft Employees Federal Credit Union, Johnson & Johnson (UK), Kemper National Insurance, Provident Central Credit Union, Safeway and Siemens. Sagent retains strategic relationships with partners such as Advent, Commerce One, Compaq, EDS, IBM, Microsoft, NEC, SAS and Sun Microsystems. Sagent is headquartered in Mountain View, California, and can be reached at www.sagent.com.
Sagent is a registered trademark of Sagent Inc. All other trademarks are the property of their respective owners.
Safe Harbor (Sagent)
The foregoing paragraphs include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements involve risks and uncertainties. For such statements, each company claims the protection of the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995. Factors that could cause actual results to differ from those contained in the forward-looking statements include, among others, the ability of the parties to attract and retain a broad range of purchasers, suppliers and trading partners, the partiesí ability to successfully deliver a joint solution to customers, the anticipation of the growth of certain market segments, the positioning of the partiesí products in those segments, the competitive environment in the software industry, dependence on other products, changes to operating systems and product strategy by vendors of operating systems, and the importance of new products. For a discussion of these and other risk factors that could affect the partiesí businesses, see "Risk Factors" in each partyís filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2000, and its quarterly report on Form 10-Q for the quarter ended March 31, 2001.
Jason M. Rzepka
VP, Corporate Marketing
Melissa F.M. Maughan
Americas Public Relations
Cap Gemini Ernst & Young