Corio Lands Industry Operations Veteran.Business/Technology Editors SAN CARLOS San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , Calif.--(BUSINESS WIRE)--July 26, 2000 Corio, Inc. (Nasdaq:CRIO CRIO COMSEC Regional Issuing Officer cRIO Compact Reconfigurable Input Output (National Instruments) ), a leading application service provider (ASP), today announced Bradford J. Boston has joined the company's executive management team as executive vice president of operations. Boston and his team will be responsible for managing the company's application management center, which includes overseeing the companies hosting infrastructure and customer service group. In his most recent position, Boston was senior vice president of The Sabre Group's Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. & Software Solutions Unit where he was responsible for information technology outsourcing Information Technology Outsoucing or ITO is a company's outsourcing of computer or Internet related work, such as programming, to other companies. It is used in refence to Business Process Outsourcing or BPO, which is the outsourcing of the work that does not require so much and software solutions including decision support systems, consulting and ASP services. "I am excited that Brad has decided to join Corio," said George Kadifa, Corio's 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. . "It is crucial to our ongoing success to attract industry heavyweights into the fold -- and we've clearly accomplished that with Brad's appointment. Corio has been a leader in the area of hosting enterprise-class applications, and I fully expect that Brad will continue to build and expand on the operational excellence we've built to date." Boston has a track record of technical innovation and operations success at some of the world's most recognized companies. In addition to his role leading the Outsourcing & Software Solutions Unit at Sabre, Boston was previously involved in the operation and development of Sabre's subsidiary, Travelocity.com, the Web's leading travel site. Before joining Sabre, Boston was senior vice president for American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Travel Related Services. He was named senior ice president of Visa International's Visanet operations in 1993. At the United Airlines/Covia Partnership, he held a number of positions of increasing responsibility including vice president of systems development. With over 20 years of industry experience, Boston understands the intricacies of managing complex, high volume, transaction processing systems A Transaction Processing System (TPS) is a type of information system. TPSs collect, store, modify, and retrieve the transactions of an organization. A transaction is an event that generates or modifies data that is eventually stored in an information system. within global networks and operations. Boston has also demonstrated expertise in the integration of new technologies into legacy transaction systems. "I am thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to join a company as exceptional as Corio," said Boston. "What Corio has accomplished in terms of growth and market presence in such a brief time is nothing short of remarkable. I firmly believe Corio's model is the best suited to provide customers the service they need and expect." About Corio, Inc. Corio is a leading application service provider, or ASP. Corio implements, integrates and manages the Corio Intelligent Enterprise, a suite of enterprise software applications from leading vendors such as BroadVision, Changepoint, Cognos, Commerce One, E.piphany, Moai, PeopleSoft, Portal Software Portal Software was founded in 1985 as Portal Information Network, one of the first ISPs in the San Francisco Bay Area. It was founded by John Little. The company offered its own interface through modem access that featured Internet email. , Requisite, SAP and Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. . Corio is headquartered in San Carlos, Calif., with 15 offices across the U.S. Additional information about Corio is available at http://www.corio.com. Corio is a trademark of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners. 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. : Matters discussed in this news release involving expectations, beliefs, plans, projections, intentions, or strategies are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities and Exchange Act of 1934, as amended, and 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 are made under their safe-harbor provisions. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Some of the specific factors that may cause actual results to differ include: our limited history of offering ASP services and the fact that we operate in a new industry with a rapidly-evolving business model; our inability to adjust spending to offset any future revenue shortfall; fluctuations in our operating results as the ASP business matures; our dependence on third party software vendors for the software necessary to provide our services; our ability to address security and system failure risks; and our ability to adapt our services for rapidly changing technology. Additional risks that could cause actual results to differ materially from those projected are discussed in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . Corio undertakes no obligation to publicly release the results of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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