Computech Joins Verilytics Partners Program; Verilytics Partners With Government and Utility-oriented Services Company to Enable Improved Information Access, Analysis and Action.

Business/Technology Editors

BURLINGTON, Mass.--(BUSINESS WIRE)--Jan. 7, 2002

Verilytics, Inc., a developer of business execution software, today announced that Computech Resources International Inc. (CRI) has joined the Verilytics Partners Program. CRI, based in New Jersey, provides technology integration, consulting and training services. Under the agreement, CRI will market and install Verilytics' core technology -- including Verilytics Analysis Engine(TM) and Verilytics Alert Manager(TM) -- as part of its offerings to clients in the commercial and government sectors.

"Verilytics' software will greatly benefit companies and organizations that must access and analyze data from a variety of disparate sources, including legacy systems," said Ram Ramaswamy, chief technology officer at CRI. "Verilytics' power to provide real-time intelligent information gathering and complex analysis, enables faster, smarter and more cost effective decision-making," he added.

Ramaswamy, who served Bell System for more than 20 years in a variety of areas including research and development, quality engineering, software technologies, and supply chain, said he evaluated several factors when assessing a partnership with Verilytics. Namely, the software's:

-- Ease-of-use

-- Installation and implementation procedures

-- Customization and maintenance capabilities

He found Verilytics' implementation and integration processes fast and simple, and its user-centric products easy to customize and maintain. "After rigorous testing, interviews and training, we agreed that Verilytics users can quickly achieve tangible results without expending the resources of their IT departments, thus reaping significant cost and time savings," Ramaswamy explained.

Gary Weiner, President and COO of Verilytics, said: "We are pleased that CRI, a firm noted for its high quality service and technical excellence, has joined the Verilytics Partners Program. CRI's extensive experience in the commercial and government arenas will help us expand the depth and breadth of our market reach for business execution solutions."

Technical staff from CRI have attended Verilytics' Partner training and are now certified on Verilytics' core technology components.

Verilytics Core Technology Components

-- Verilytics Analysis Engine is a state-of-the-art memory resident analysis platform. Analysis is based on user-driven rules that allow smarter, faster decision-making. The Analysis Engine performs computations on real-time or historical data. The technology allows users to explore data through concept-based drills based on a highly flexible model for a more complete assessment of the causals relating to business events and related factors.

-- Verilytics Alert Manager is an event notification platform that delivers complex Boolean alerts on business-critical information in real-time. Integrating data from multiple sources, the Alert Manager processes large volumes of data through a highly efficient evaluation network, identifying events and business exceptions as they occur, with escalation work flows, all in real-time. Alerts are delivered on a variety of devices or applications -- browser based clients, PDAs, wireless, etc.

About Computech Resources International Inc. (CRI)

CRI, based in Shrewsbury, New Jersey, provides project consulting, system integration, staff augmentation, and training services. Using its comprehensive Capability Model,(TM) CRI applies leading methodologies, standards, best current practices, and research to deliver end-to-end quality solutions in business process reengineering, e-Business, knowledge management, Enterprise Resource Planning, data technologies, and facility management. CRI serves a variety of industries, from telecommunication and healthcare, to manufacturing and transportation. The company, formed in 1991, is a Federal 8(a) certified company and a member of the NY/NJ/PA/DE Minority Purchasing Council. For more information, visit www.criinj.com

About Verilytics, Inc.

Verilytics, Inc. is headquartered in Burlington, Mass. The company creates analytic software currently used in financial services and supply chain applications for improved decision-making. Verilytics products empower users to access data from disparate sources, analyze it in real-time and take immediate action. The company, which is privately held, is backed by investors including Moore Capital Management and NETinvest Holding AG. For more information, visit www.verilytics.com.