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Artemis Solutions Maps Vision of Customer Success, Value.

Versata's Artemis International to Transform Suites to Integrate Views and A7

AUSTIN, Texas, Oct. 9 /PRNewswire/ -- Artemis International Solutions Corp., through its parent, Versata Enterprises, Inc., announced today release of a sweeping new product roadmap that integrates Artemis' primary product suites, Views and A7.

The new Artemis product vision will integrate the two architectures to ensure a seamless transition between project activities and to deliver end-to- end Web access. Versata expects general release of the new integrated product suite by early 2007. Previously, customers chose between a client-server application focused on detailed planning and scheduling (Views) and a Web- based application focused on strategic planning (A7).

The roadmap responds to strategies developed at the recent Artemis Users Association meeting in Savannah, GA, where customers affirmed product integration as a top priority to both drive business value and expand customer relationships. About 150 representatives from more than 20 companies attended the conference and participated in strategic discussions to formulate product priorities and affirm business objectives. Both Versata and Artemis executive teams committed to the multi-day event to ensure a common understanding of customer needs.

Randy Jacops, CEO of Versata, presented Versata's Customer Success Program and reiterated Versata's intent to affirm Artemis' standing as the world-class solution in Product Portfolio Management.

"Artemis has a history of significant, long-term relationships with the world's most prestigious companies," Jacops said. "Having spent time with its customers to understand business challenges and Artemis' remarkable contribution to its customer success, we at Versata are even more excited by the opportunity to accelerate delivery of increased value to our customers by leveraging Versata's global development capability."

Versata's strategic focus on large customer relationships will continue with the Artemis acquisition. Artemis' U.S. customer base includes several of the most successful companies in these industry segments: Energy and Utility, Aerospace and Defense, Financial Services, and High Technology.

"Versata has a proven track record of solving the most complex technical problems and delivering products at the lowest total cost of ownership," Chris Smith, Versata's vice president of Operations, said. "We expect to continue attacking our customers' most intractable problems to solve problems not even pondered by the competition. The Artemis acquisition presents another set of opportunities to prove our technical excellence and to validate our proven approach to customer success."

Consistent with overall strategy, Versata expects a new product release twice per year, with near-term interim releases to accelerate value.

"Versata customers are so confident in our ability to deliver on commitments that they frequently build long-term strategy to align with our product roadmaps," Dan Carroll, Versata's Director of Product Management, said. "In the last three years, we have not missed any product commitments, and we promise to bring that same level of commitment to Artemis."

Versata expects to deliver a fully integrated product roadmap in 2007 to grow the large customer relationships at both Artemis and Versata. Versata's focus on solutions driving significant business value at the lowest total cost of ownership will continue to fuel Versata's growth.

"Versata expects to leverage its global organization to expand customer relationships," Jacops said, "and use those relationships to drive growth through innovation and unparalleled efficiency at integrating acquisitions."

About Versata

With a global presence in 45 countries from North America to Europe and Asia, Versata Enterprises, Inc., provides solutions for automating and simplifying the building, maintenance and ongoing evolution of large, complex, data-intensive enterprise applications and for managing and auditing product and asset portfolios. Additionally, Versata's business rules solution effectively and efficiently replaces time-intensive hand-coding efforts with simple, intuitive business rules and graphical process flow specifications, thereby accelerating implementation timing and enabling customers to deliver targeted functionality and integration. Coupled with Versata's Customer Success Program whereby customers define criteria for a successful relationship and Versata commits to delivering them, the Versata portfolio is the leading option for business and IT organizations looking to deliver business value and lower cost to their customers. Further information is available at http://www.versata.com/

CONTACT: Krista Glotzbach of Versata Public Relations, +1-415-271-7638, or krista@glotzbach.com

Web site: http://www.versata.com/
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Publication:PR Newswire
Date:Oct 9, 2006
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