Covansys Lands Multi-Million Dollar Contract To Implement Wisconsin Employee Trust Fund Benefits Payments System.

Business Editors

FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--May 28, 2002

Covansys Corporation (Nasdaq: CVNS), a global consulting and technology services company, today announced the award of a multi-million dollar contract from the Wisconsin Department of Employee Trust Funds (ETF) to implement a new benefits payments system for the Wisconsin Retirement System. The contract, which is a resystemization project, is the first major public sector win for Covansys in the state of Wisconsin.

Under the terms of the contract, Covansys will replace the Wisconsin ETF's outdated system with a custom built Benefit Payments System (BPS). Scheduled for implementation by March 2004, the BPS has been designed to improve operational efficiency and customer service. The new system will also better enable the Wisconsin ETF's ability to handle the increased processing volume expected to accompany the impending influx of baby boomer retirements.

"Our current retirement system is antiquated," said Dave Hinrichs, assistant secretary, Wisconsin ETF. "The ETF's decision to implement the new BPS will ensure our ongoing ability to respond to the needs of our employers and members by providing them with a secure, Web-based, self-service system. The new BPS will not only increase overall department productivity, but will also allow ETF staff to focus more on members' needs and less on routine processing tasks."

Featuring easy to use, Web-based functionality, the BPS features integrated workflow and office automation capabilities that will significantly improve the speed and accuracy of business processing. Other benefits include improved records management, reporting and process management.

ETF serves over 492,000 members, including 112,400 benefit recipients, as well as 1,300 employers in Wisconsin. The new BPS will provide the benefit recipients easier and secure access to their account information, information accuracy and enhanced customer service.

"We pride ourselves on providing the highest quality and most progressive public retirement information system solutions in the marketplace," said Sanjay Dudaney, Covansys' BPS project executive. "In fact, including Wisconsin, Covansys is now providing retirement solutions or services in sixteen states. We believe Wisconsin ETF is setting an example for the retirement industry by implementing a state-of-the-art WebSphere and MQ Series Workflow based system. Covansys is excited to be part of this strategic endeavor."

"We are pleased to expand our relationship with ETF with this project and excited about the opportunity to expand our presence in Madison," said Jeff Mooers, Public Sector vice president for Covansys' Midwest region. "We believe there are significant opportunities to grow our business by bringing our innovative and cost effective solutions to other Wisconsin agencies."

The new BPS is built using IBM's e-business infrastructure software, including WebSphere(1) Application Server. Covansys is a premier member of the IBM Partner World for Software and currently uses IBM Software products to provide integration services to a wide range of Fortune 1000 companies in the healthcare, banking and finance, and retail industries, as well as to numerous state and local governments. Covansys implements many of its vertical offerings using IBM's e-business infrastructure software, including WebSphere(1) Application Server, MQ Series(1), WebSphere Studio Application Developer(1) and DB2(1) Universal Database.

For the past 16 years, Covansys has provided public sector solutions to more than 25 states in the areas of health and human services, transportation, public retirement systems, labor and tax and revenue systems. Covansys derives 30 percent of its current annual revenues from state and local government customers.

About Covansys Corporation

Headquartered in Michigan, Covansys Corporation (Nasdaq: CVNS) is a global consulting and technology services company specializing in industry-specific solutions, strategic outsourcing and integration services. Our clients gain competitive advantage by leveraging our unique on-site, offsite, offshore delivery capability to achieve rapid deployment, world-class quality and reduced costs. Since being founded in1985, Covansys has successfully delivered an array of innovative and cost-effective business and technical solutions to leaders in the private and public sector. Our 4,400 employees offer a professional heritage spanning Old World legacy systems and the New Economy's leading-edge technologies. Covansys has 23 locations, including six development centers worldwide. Covansys offers one of the largest offshore capabilities among U.S.-based technology services providers, and two of the company's three wholly owned development centers in India are SEI CMM(R) Level 5 certified. Covansys was named one of the top 500 solution providers in North America in 2001 by VARBusiness magazine. Visit our web site: www.covansys.com.

(1) Indicates trademark or registered trademark of International Business Machines Corporation. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.