Changepoint Reports New Deals, Re-Orders and Growth in Q3 2001 Despite Tightening Economy.Business Editors LONDON--(BUSINESS WIRE)--May 16, 2001 The company adds 33 new customers and signs largest full function PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. implementation deal with NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers Changepoint Corporation, a leading provider of Web-based business process automation solutions for IT services organizations, today announced results for the third quarter ended April 31, 2001. Changepoint signed 33 new customers including NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. , AON Corporation, Navantis Inc. and United Messaging Inc. in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and STASYS, E-Group, Elsys Design and Melody melody, succession of single tones of varying pitch. Melody is the linear aspect of music, in contrast to harmony, the chordal aspect, which results from the simultaneous sounding of tones. in Europe. New deals comprised of software licenses In computing, software that is copyrighted and licensed under a software license is done under a variety of licensing schemes. For end-users there are proprietary licenses and there are free software licenses, and there are proprietary Within these schemes are further classifications. , ASP and channel sales. The company also received orders for additional licenses from 25 current customers including AT&T Canada Corp., Solution Technology Inc., C/Soft and Dana Commercial Credit. "In a tough economic environment Changepoint produced a record quarter with bookings 25 percent higher than the previous quarter. We continue to push ahead of the competition and are on track to reach profitability in our fiscal fourth quarter," said Gerry Smith, 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. "It's a tough market out there, but our third quarter results validate the critical need for solutions such as ours - fully integrated business management software that can help technology services companies build revenue and decrease costs." Q3 2001 Milestones: - 100 percent growth in revenues for nine months ended April 2001 compared to April 2000. - Launched Changepoint Version 6.0 delivering full support for English, French and German language versions, robust revenue recognition functionality, greater flexibility in resource management and powerful business analysis capabilities. - 33 new customers including six ASP customers in the quarter, bringing total to 283. - 25 re-orders from existing customers. - Signed largest full function PSA implementation deal with NCR. NCR selected Changepoint PSA software to manage its complete professional services business and IT department. - Channel partners signed eight deals in the quarter. - European presence continued to grow with eight new deals bringing the total to 24 customers in the EMEA region. About Changepoint Corporation Changepoint Corporation provides comprehensive Web-based business process automation solutions for corporate IT departments and IT professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organizations to manage projects, people and budgets effectively. IT services organizations use Changepoint to automate their internal business processes, source and procure To cause something to happen; to find and obtain something or someone. Procure refers to commencing a proceeding; bringing about a result; persuading, inducing, or causing a person to do a particular act; obtaining possession or control over an item; or making a person valued resources, manage contractors and collaborate with customers and partners. By integrating the critical processes of their services supply chain and all the people involved in delivery of IT services, these organizations can realize greater operational efficiencies and maximize cost-effectiveness. Headquartered in Canada, Changepoint has offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom, France and Germany. For additional information, visit our web site at www.changepoint.com NOTE TO MEDIA AND ANALYSTS: All Changepoint news releases are available on the Internet, via the Changepoint Corporation Web site at http://www.changepoint.com. Screenshots are also available on Changepoint's Web site. Additional information on Changepoint can be accessed on-line, and by sending email to marketing@changepoint.com or calling 1-905-886-7000. |
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