Allstate Selects Sagent Technology to Automate and Collect Geographic Information.Business Editors/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--July 13, 2000 Fortune 500 Insurer's Property & Casualty Unit Uses Sagent Eservices to Perform Geographic Determinations Sagent Technology, Inc. (Nasdaq:SGNT), a leading provider of Real-time e-Business Intelligence solutions, today announced that The Allstate Corporation, the nation's largest publicly held personal lines insurance company, has selected Sagent as an eServices solution provider. Sagent's eServices solution will enable the property & casualty insurer to instantly access and generate geographic determinations. With Sagent's eServices solution, which includes GeoStan OS/390, Spatial+ OS/390 and Geographic Determination Library OS/390, geographic determination can be provided in real time. About The Allstate Corporation The Allstate Corporation is the nation's largest publicly held personal lines insurance company. Its primary business units include Allstate Personal Property and Casualty, which provides insurance for more than 14 million households and has about 15,500 agents in the U.S. and Canada, and Allstate Life Group of Companies, which markets a broad range of financial products and services through a number of channels and is currently the nation's 17th largest life insurance business. Allstate maintains a Web site at www.allstate.com. About Sagent Technology Sagent delivers an open, scalable solution that addresses the complete life cycle for e-business intelligence, including development, production and ongoing management of a company's information assets. The Sagent Solution allows businesses to collect and analyze customer and operational data from existing systems and to incorporate the most current geographic, business-to-business and demographic information from third-party content providers in real time. This information is then made available over the Web via a secure connection to create precise one-to-one marketing campaigns, identify profitable sales opportunities, and improve operational efficiencies. Sagent Technology (Nasdaq:SGNT) powers more than 1,100 customer-driven organizations around the world and across such diverse industries as e-commerce, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , insurance, healthcare and telecommunications. Sagent enables such market leaders as GE Capital, Sony Online Entertainment Sony Online Entertainment (SOE) is a game development and game publishing division of Sony that is best known for creating massively multiplayer online games, including EverQuest, EverQuest II, PlanetSide, and Star Wars Galaxies , MapQuest.com, Outpost.com, Ticketmaster, Kemper National Insurance, Royal & SunAlliance, United Healthcare, Siemens, BP Amoco, British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. and AT&T to win, retain and grow customers. Sagent retains strategic relationships with ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , Advent, CommerceOne, Compaq, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , HAHT Software, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Interpath, Microsoft and Siebel. Sagent is headquartered in Mountain View, California For the census-designated place, see Mountain View, Contra Costa County, California. For other places called "Mountain View", see . Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains. , and can be reached at http://www.sagent.com. Sagent is a registered trademark of Sagent Technology Inc. All other trademarks are the property of their respective owners. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 parties' ability to successfully deliver a joint solution to customers, the anticipation of the growth of certain market segments, the positioning of the parties' products in those segments, the competitive environment in the software industry, dependence on other products, changes to operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. 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 parties' businesses, see "Risk Factors" in each party's filings with the Securities and Exchange Commission, including its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999, and its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2000 DISCLAIMER: Sagent Technology is committed to self-regulatory regimes and fully supports fair, ethical and appropriate uses of information. Sagent is not responsible for how any of its customers are handling the information or distributing it to outside parties. |
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