CYBERPLEX and Science Applications International Corporation Form Strategic Alliance to Deliver World Class E-Business Capabilities.SAN DIEGO--(BUSINESS WIRE)--Nov. 18, 1999-- SAIC SAIC - http://saic.com. to Invest $10 Million in CYBERPLEX; SAIC Resources and CYBERPLEX's Internet Expertise Combine to Deliver Sustainable Business A business is sustainable if it has adapted its practices for the use of renewable resources and holds itself accountable for the environmental and human rights impacts of its activities. Results for Online Businesses CYBERPLEX, Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CX), one of North America's leading Internet professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. company, has formed a strategic alliance with Science Applications International Corporation (SAIC) to deliver an unprecedented level of e-business services. The combination of CYBERPLEX's expertise in implementing online businesses, and SAIC's international network of system engineers, will offer a unique depth of knowledge in solving business challenges and delivering quantifiable results to their clients. As part of the alliance, CYBERPLEX has received a $10 million equity investment from SAIC, a $5 billion Fortune 500 company that provides information technology and systems integration products and services to government and commercial customers. SAIC will invest US$10 million in CYBERPLEX in exchange for two million of CYBERPLEX common shares. CYBERPLEX plans to use the proceeds from the SAIC transaction to fuel acquisitions in the U.S. and to bolster aggressive sales growth worldwide. "SAIC has built some of the largest most complex mission critical systems in the world," said Dean Hopkins Dean Hopkins (born June 6, 1959 in Cobourg, Ontario) is a retired professional ice hockey forward. Career Dean Hopkins started off his junior career with the 1974-75 Owen Sound Greys of the Mid-Ontario Junior B Hockey League. , president of CYBERPLEX. "We consider this a ground breaking alliance that will allow both companies to compete aggressively in the U.S. e-business marketplace." CYBERPLEX will benefit from access to SAIC's team of more than 38,000 highly talented employee/owners in more than 150 cities. SAIC's end-to-end expertise in communications technologies through its wholly-owned subsidiary, Telcordia Technologies Telcordia Technologies, formerly Bell Communications Research, Inc. or Bellcore, is a telecommunications research and development (R&D) company based in the United States and created on January 1 1984 as part of the 1982 Modification of Final Judgment that broke up , will add to CYBERPLEX's experience in telecommunications Internet consulting and Web development. "The depth and horsepower of SAIC, matched with CYBERPLEX's agility and e-commerce experience, offers an unparalleled track record of solving e-business problems," said Joseph P. Walkush, Sector Vice President at SAIC. "And our skills dovetail dovetail (dov´tāl), n a widened or fanned-out portion of a prepared cavity, usually established deliberately to increase the retention and resistance form. perfectly in areas like energy, financial services and telecom. With this partnership, we can move more quickly and aggressively into the Internet space." SAIC has pioneered virtually every aspect of the Internet. The company has expanded its telecommunications capabilities with the acquisition of Telcordia Technologies in 1997, improved the quality of health care and the productivity of health care providers through automated patient care systems. Today, SAIC provides technical expertise to numerous companies and globally provides state-of-the-art information technology to BP Amoco and the Venezuelan oil company Petroleos de Venezuela, S.A. It has been voted best private company of 1999 by Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: , which called SAIC, "the giant that moves like a startup." CYBERPLEX is an industry leader in helping major corporations execute successful online business strategies. The company delivers quantifiable business results to its clients and builds Internet-based solutions that solve business problems and create new opportunities. "Most e-business initiatives are wired to fail--and if allowed to fail, could seriously damage success of the organizations themselves," said Dean Hopkins, president of CYBERPLEX. "Our offerings bring together a world class management consulting strategies and state of the art technologies in order to guarantee our clients fail-safe results, especially in areas such as e-tailing, intranet applications and online customer care projects." About SAIC Founded in 1969, SAIC is a $5 billion Fortune 500 company which ranks as the largest employee-owned diversified high-technology research and engineering firm in the U.S. SAIC and its subsidiaries have more than 38,000 employees with offices in more than 150 cities worldwide. Based in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , SAIC offers a broad range of expertise in technology development and analysis, computer system development and integration, technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , and computer hardware and software products. SAIC scientists and engineers work to solve complex technical problems in the areas of Energy- Oil &Gas, Energy- Utilities, Environment, Financial Services, Health Care, Law Enforcement, Maritime, National Security, Space, Telecommunications, and Transportation. About CYBERPLEX CYBERPLEX is one of North America's leading Internet professional services companies helping business leaders deliver measurable results, in record time, with one-stop Internet solutions. With blue chip clients including Dell, Tivoli, Hewlett Packard, Ford and 3M, CYBERPLEX is frequently the firm of choice for large and complex Internet-based business solutions. CYBERPLEX 's unique approach fuses management consulting strategies with cutting-edge technologies and award-winning multimedia creative to build Internet solutions that deliver results. Headquartered in Toronto, CYBERPLEX has offices in Halifax, Waterloo, Austin and Dallas, Texas, San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] and Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. . CYBERPLEX is publicly traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol (TSE:CX) and is located at www.cyberplex.com |
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