Changepoint Corporation Announces Spin-Off of involv Product Line to Further Develop IT Businesses.TORONTO--(BUSINESS WIRE)--Jan. 8, 1999-- New structural revisions to benefit customers, enable the two companies to focus on core business Changepoint ChangePoint is the largest church in Alaska, USA. Located in Anchorage, it has an average weekend attendance of over 4,000. ChangePoint is a non-denominational church that has a modern and relevant presentation of the Gospel. Corporation, the leader in front office software for IT businesses, today announced an organizational restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). to better serve an ambitious schedule set for 1999. Company officials confirmed that the company's IT business management software product line now will function independently of the Internet/intranet teamware product line, involv, with each organization operating under separate management. Effective immediately, Changepoint Corporation will be dedicated entirely to the business of developing and marketing the company's IT business management software now renamed Changepoint, The Front Office for IT (TM) (previously named REMIND). Changepoint's solution integrates critical front office operations in its target markets such as strategy management, client/customer management, service delivery management, financial management, development and support. Newly created involv Corporation will focus on the highly successful involv teamware Internet/intranet product that allows users to better communicate and collaborate on virtually any group effort. Gerry Ger·ry , Elbridge 1744-1814. American politician. A signer of the Declaration of Independence (1776) and a delegate to the Continental Congress (1787), he served as governor of Massachusetts (1810-1811) and as Vice President of the United States Smith will continue as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Changepoint Corporation while Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. J. Cannata has been selected to serve as President and CEO of involv Corporation. Previous to his appointment, Cannata served as President of systems management software company, Cybermation Inc. "This move allows each organization to devote full attention to their respective products and markets which, in turn, will greatly benefit our customers," said Gerry Smith, President and CEO of Changepoint Corporation. "Individual company management will grant both the Changepoint and involv product lines the attention required to manage the expected growth we foresee fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. in 1999," Smith continued. "This move puts us in a better position to more explicitly concentrate on individual market needs and trends." "The creation of involv Corporation allows us to be dedicated to our vision," added Michael J. Cannata, President and CEO of involv Corporation. "Our vision is to provide unique competitive advantages and measurable business to our clients by developing the best industry-specific intranet and extranet communities using our leading web-based teamware products." About Changepoint Corporation Founded in 1992, Changepoint Corporation is the leading software provider in the high growth category of IT business management software. Changepoint provides end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. business management software for IT consulting organizations, software companies and corporate IT departments. Changepoint is the only supplier of integrated software Separate software components or applications that have been combined into one package. See integrated software package. for managing the complete business of IT, enabling more efficient processes and closer customer relationships. Changepoint is headquartered in Toronto Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing , Canada. Further information can be obtained from the company's new Web site at http://www.changepoint.com. About involv Corporation involv Corporation is a leader in building strategic business communities on the Web. The company was first to market with instant, rentable team applications on the Web and continues to lead the teamware category with its innovative enterprise teaming products, involv Intranet and involv Free Web Teaming. Further information can be obtained from the company's new web site at http://www.involv.com. Press Contacts: Steve Acken or Andrew Berthoff Environics Communications (416) 920-9000 sacken@pr.environics.ca aberthoff@pr.environics.ca EDITOR'S NOTE Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : All Changepoint news releases are available on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , via the Changepoint Corporation Home Page at http://www.changepoint.com. Screenshots and an on-line ScreenCam movie of Changepoint, The Front Office for IT, are also available on Changepoint's Web site. Additional information on Changepoint can be accessed on-line, and by sending email to sales@changepoint.com or calling 1-905-886-7000. |
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