Critical Path Closes Acquisition of RemarQ; Critical Path Bolsters Its Allsourcing Strategy With Addition of Internet Collaboration Solutions.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--March 31, 2000 Critical Path Inc. (Nasdaq:CPTH), the dominant global provider of business-to-business Internet messaging and collaboration solutions, today announced the successful completion of the acquisition of RemarQ Inc. This acquisition further expands Critical Path's allsource strategy through the addition of collaboration and communications applications that support Internet business. Critical Path announced a definitive acquisition agreement to acquire RemarQ on January 31, 2000. Critical Path's allsourcing strategy empowers customers with increased functionality, flexibility and choice through an integrated suite of Internet messaging and collaboration solutions that can be insourced, midsourced or outsourced. RemarQ's services further strengthen Critical Path's allsourcing strategy by enabling businesses to conduct threaded discussions A running commentary of messages between two or more people in a discussion group. See message thread and discussion group. with employees, partners or customers. Threaded discussions are an ideal medium for knowledge exchange and team collaboration and can be used for applications such as customer support, project team collaboration, partner/supplier communication, distribution of HR policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental and sales force management. "Critical Path is committed to providing customers with the innovative Internet solutions that enable them to communicate and collaborate more effectively," said Doug Hickey, 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 Critical Path. "The acquisition of RemarQ will help bolster Critical Path's position as the only provider of complete end-to-end Internet messaging and collaboration solutions." This acquisition demonstrates Critical Path's commitment to provide value-added Internet messaging and collaboration services such as calendaring, IP fax, guaranteed delivery, secure file management, directory services, wireless access and unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. to complement its core email solutions. About Critical Path, Inc. Critical Path, Inc. (Nasdaq:CPTH) is the dominant global provider of complete end-to-end Internet messaging and collaboration solutions for wireless, Internet-centric, telecommunication and corporate businesses. Through its allsourcing strategy, Critical Path is the only advanced messaging provider to offer businesses the flexibility to outsource, midsource or insource all or part of their messaging and collaboration applications. Critical Path has built an industry-leading global infrastructure with data centers connected to key Internet exchange points See IXP and NAP. . Critical Path's technology currently reaches more than 55 million end-users through its customer relationships and more than 20 million wireless devices. Critical Path provides reliable, secure, and scalable e-mail and a flexible suite of enhanced messaging services Abbreviated as EMS, an application-level extension to Short Message Service (SMS) for cellular phones available on GSM, TDMA and CDMA networks. An EMS enabled mobile phone can send and receive messages that have special text formatting (such as bold or italic), animations, to partners such as E*TRADE, CompuServe, Network Solutions, U S West, Sprint, France Telecom, British Telecommunications, and ICQ ("I Seek You") A conferencing program for the Internet from Mirabilis, Tel Aviv, Israel (www.icq.com). It provides interactive chat, e-mail and file transfer and can alert you when someone on your predefined list has also come online. . Critical Path is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , with offices in locations nationwide and in Germany, England, Ireland, France, Denmark, Italy, Switzerland, Brazil and Argentina. More information on Critical Path can be found at www.cp.net. Note to Editors: Critical Path and the Critical Path logo are the trademarks of Critical Path, Inc. All other trademarks are the property of their holders. The statements in this press release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc matters that are not historical are 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. . Actual results could differ materially from these forward-looking statements. Risks and uncertainties facing Critical Path are described in its prospectus dated June 1, 1999 and with its periodic filings with the Securities and Exchange Commission (www.sec.gov). |
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