Daleen Technologies CEO Sells Stock To Meet Personal Obligations.Business Editors BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 14, 2000 Daleen Technologies Inc. (Nasdaq:DALN) today announced that its Chairman 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. Jim Daleen recently concluded a private sale of 750,000 shares of his common stock at market price to SAIC SAIC - http://saic.com. Venture Capital Corp., one of Daleen's largest strategic investors. The shares were sold to satisfy Mr. Daleen's personal obligations under a margin loan arrangement related to financing Daleen stock option exercises, associated taxes and other items. SAIC Venture Capital Corp. is a wholly-owned subsidiary of Science Applications International Corporation (SAIC), the nation's largest employee-owned research and engineering firm. About Daleen Technologies Inc. Founded in 1989, Daleen (Nasdaq:DALN) is a leading provider of solutions that bond businesses and customers in the digital economy. Daleen's software solutions provide mission critical customer and partner management support for businesses that offer voice, data, web and applications hosting services over packet and circuit-switched networks. Daleen's eBusiness software products include eCare for web-based customer self-care and partner management; BillPlex(R) Plus for web-enabled customer management and billing; and SwitchFlow(TM) for service activation. The company distributes its eBusiness software products throughout the world via Business Alliance Partners and other leading certified systems integrators including BusinessEdge, Cap Gemini Ernst & Young, DMR (Digital Media Receiver) See digital media hub. , Danet, Prolan pro·lan n. 1. Human chorionic gonadotropin. No longer in scientific use. 2. Either of two hormones of the pituitary gland, luteinizing hormone and follicle-stimulating hormone. No longer in scientific use. , Telcordia and Unisys. Daleen is an active participant and provides leadership in industry forums such as the Global Billing Association, Ordering and Billing Forum (OBF OBF Ordering and Billing Forum OBF Oregon Bach Festival OBF Oregon Brewers Festival (Portland, Oregon) OBF Open Bioinformatics Foundation OBF Out of Box Failure OBF Office of Budget and Finance OBF Ohio Bible Fellowship ), Internet Protocol Data Record (IPDR IPDR Internet Protocol Detail Record Organization IPDR Internet Protocol Detail Record IPDR International Project Development Roadmap (Canada) IPDR Internal Preliminary Design Review IPDR Individual Program Data Records ) working group, TeleManagement Forum and the Application Service Provider (ASP) Industry Consortium. In addition to its Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. headquarters, Daleen has regional offices located throughout the United States, Canada and Europe. For additional information regarding Daleen's products and services, visit the company web site at www.daleen.com. |
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