Cap Gemini Ernst & Young and SilverStream Form Strategic Alliance to Deliver eBusiness Solutions Worldwide.Business/Technology Editors BILLERICA, Mass.--(BUSINESS WIRE)--Oct. 30, 2000 SilverStream Software, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SSSW), The eBusiness Platform Company, today announced that it has entered into a strategic alliance with Cap Gemini Ernst & Young, one of the largest management and IT consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a in the world, to deliver eBusiness solutions to Global 2000 companies based on the SilverStream eBusiness Platform. As a result of the alliance, Cap Gemini Ernst & Young will implement SilverStream-based electronic customer relationship management (eCRM) and business-to-business integration (B2Bi) solutions for corporations across a variety of industries, including: insurance, 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. , telecommunications, oil and gas, and manufacturing. Cap Gemini Ernst & Young and SilverStream will jointly deliver customer-centered solutions that leverage SilverStream's standards-based eBusiness platform to help companies manage vital customer, partner and employee relationships, and connect important enterprise systems for a fully-integrated eBusiness. As part of the agreement, Cap Gemini Ernst & Young will deliver SilverStream-based solutions through a global network of specially trained consultants. SilverStream and Cap Gemini Ernst & Young will work together on joint sales and marketing efforts. "SilverStream provides an advanced, standards-based eBusiness platform we'll leverage to make customers successful with their strategic eBusiness initiatives," said Stuart Bruno, alliance manager, Cap Gemini Ernst & Young. "Cap Gemini Ernst & Young's global eBusiness strategy and integration capabilities, coupled with SilverStream's advanced eCRM and B2Bi solutions, provide a powerful resource for helping companies move their business activities onto the Web." "We're excited about partnering with an industry leader such as Cap Gemini Ernst & Young to deliver a new class of standards-based eBusiness solutions to Global 2000 companies," said Stephen Fay, vice president, Alliances, SilverStream Software. "We believe that Cap Gemini Ernst & Young will strengthen our position in the industry through a potent combination of leading technology and world-class services." 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 traditional businesses and "dot companies" continue to implement growth strategies and leverage technology in the new economy. The organization employs more than 56,000 people worldwide and reports global revenues of about 7.7 billion euros (1999 pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma ). More information about individual service lines, offices and research is available at http://www.cgey.com. About SilverStream Software, Inc. SilverStream Software, Inc., The eBusiness Platform Company, delivers software and services that enable businesses to create, deploy and manage eBusiness applications. Used in corporations throughout the world, SilverStream Software products are changing the way business is being conducted in Global 2000 companies and large organizations such as ADC Telecommunications ADC Telecommunications (NASDAQ: ADCT) is a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. History In 1935, Ralph Allison founded ADC Telecommunications in the basement of his south Minneapolis home, inventing ADC's very , Amerisure Insurance, Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box , the Chicago Stock Exchange Chicago Stock Exchange (CHX) A major exchange trading only stocks, with 90% of trades taking place on an automated execution system, called MAX. , Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. , Sears, Qwest Communications
SilverStream Software, http://www.silverstream.com, is publicly traded on the NASDAQ national market under the symbol (SSSW) and is based in Billerica, Massachusetts Billerica (IPA: [bɪl.'ɹɪ.kə]) is a town in Middlesex County, Massachusetts, United States. The population was 38,981 at the 2000 census. Its name is pronounced "bill-RICK-a", rather than rhyming with America. . SilverStream is a registered trademark and SilverStream xCommerce and The eBusiness Platform Company are trademarks of SilverStream Software, Inc. All other names are trademarks or registered trademarks of their respective owners. This release contains information about management's current expectations for future earnings and operating results and plans and prospects that constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. for purposes 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. provisions 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 and involve risks and uncertainties. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to: continued widespread adoption by businesses of Internet business solutions; market acceptance of our products and services and enhancements thereto, including our new ePortal and xCommerce products; our ability to expand our eBusiness solutions and services customer base and to provide customers with solutions and services; uncertainty related to consummation of binding agreements with prospective business partners; compliance by our business partners with existing agreements; our ability to compete successfully; our ability to develop and expand our sales and marketing capabilities; our ability to maintain and create distribution relationships; development of the market place for our products; technological changes; our ability to grow our customer base or generate repeat business; product development and enhancement; our ability to continue using third party software in our products; protection of our intellectual property; and other risk factors that are discussed from time to time in the Company's SEC reports, including but not limited to, the report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2000. |
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