Atlantic Data Services and Corechange Form Alliance; Partnership Provides Focused Enterprise Information Portal -EIP- Solutions for Financial Services Industry Clients.

QUINCY, Mass.--(BUSINESS WIRE)--Oct. 13, 1999--

Atlantic Data Services, Inc. (Nasdaq:ADSC), an IT strategy consulting and systems integration firm, has signed an agreement with Boston-based Corechange, a provider of role-based corporate portals. The alliance will enable financial institutions to deploy role-based portals that integrate the interfaces of legacy systems, Internet-based services and other platforms onto a seamless desktop. The combination of ADS' industry expertise and implementation skills and Corechange's proven technology provides a complete business solution to financial services clients.

Corechange's Coreport provides its users with an organized single point of access to information and applications from a wide range of diverse electronic sources, both internal and external. The portal provides a customized, browser-based interface that is based on the role of each user, giving the user access privileges based on the user's role within the enterprise. Coreport breaks through the info-clutter by making relevant information more accessible, and the process for finding it easy and significantly less expensive.

ADS brings twenty years of building and deploying technology solutions for the financial services industry to the implementation of the role-based portal solution. ADS is able to structure the desktop portal to meet the exact requirements of the various complex roles within financial institutions and roll-out the solution across the entire operating environment.

For example, banks that operate a number of internal systems, including mainframe legacy systems, mid-sized department systems, and internal browser- based systems, can combine all of these, as well as internet based systems and services, on one desktop portal. The Corechange Coreport allows these products and services to be integrated on the desktop with single sign-on and access capability. In addition, the desktop portal can be configured to meet the specific requirements of any particular operating function within the institution (Role-based Configuration). With its extensive experience in the financial services industry and deployment of operating solutions across complex enterprises, ADS provides the skills and services to design, configure and roll-out the role-based solutions.

The benefits realized by the financial services institution are substantial. Disparate backend systems and services, as well as Internet-based services are integrated on the single desktop. The control of access to the various systems and applications and even individual transactions is maintained in a single centralized resource. The complexity of back-end systems and applications is greatly reduced by centralized authentication and link-up, as well as by defining the services and access needed on a role-by-role basis. New employee training and control is greatly simplified and both costs and exposures to errors are greatly reduced.

Bill Gallagher, President & COO of Atlantic Data Services said, "The ADS and Corechange alliance allows the companies to combine our unique strengths and capabilities and take advantage of the significant emerging market within the financial services industry for Enterprise Information Portal (EIP) solutions. EIP is the emerging preferred vehicle for desktop consolidation of legacy systems, the Internet, Extranets, Intranets, E-business, Knowledge Management and Data Warehousing, CRM and other possibilities. We are pleased to be offering our clients a solution that is based on the Corechange technology."

Ulf Arnetz, President & CEO of Corechange said, "The recognition by the marketplace that Enterprise Information Portals (EIP) is the solution to creating seamless integration of legacy, departmental and Internet-based systems and services, creates an enormous opportunity for our technology. By providing customized access to information across the organization, we provide significant new efficiencies and cost savings. The combination of our capabilities with the industry expertise of ADS creates an even greater reward and focused solution for our joint financial services clients."

About Corechange

Corechange was founded in 1996 in partnership with Massachusetts-based Cambridge Technology Partners to develop portal solutions to improve the way enterprise information is shared in organizations by providing faster, more efficient and tailored access.

Spun-off as an independent company in 1997, Corechange introduced its corporate portal product, Coreport in August of this year. Coreport is the first and only browser- based portal product to provide users with a role-based single point of access to all information and applications simply, quickly, and tailored to their needs. To experience the Corechange Coreport portal solution, visit the Corechange web site at www.corechange.com.

About Atlantic Data Services, Inc.

Founded in 1980, ADS, based in Quincy, MA., provides information technology strategy consulting and systems integration services to customers exclusively in the financial services industry. ADS offers rapid, cost effective IT solutions to the business challenges faced by financial services companies through its in-depth financial services experience, technological expertise and project management skills. The company's service offerings are organized around four areas: IT Strategy Consulting, Consolidations and Conversions, Year 2000 Resolution and Electronic Commerce and Internet Banking.

For additional information on ADS contact Mary Newell at [phone] ext. 4110, e-mail [e-mail], or write One Batterymarch Park, Quincy, MA 02169. Visit its Internet site at: www.atlanticdataservices.com.

This press release includes forward-looking statements, which are made pursuant to the safe-harbor of the Private Securities Litigation Reform Act of 1995. These forward-looking statements cover, among other items: events, conditions and financial trends that may effect the Company's future plans of operation, business strategy, growth of operations and financial position. Any forward-looking statements are not guarantees of future performance and are necessarily subject to a number of risks and uncertainties, some of which are beyond our control. Actual results could differ materially from those anticipated.