Vitria and Navigant Consulting Form Alliance to Provide Business Process Automation to Utilities and Energy Companies.SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 13, 1999-- Navigant Consulting to Develop BusinessWare(R) Connectors and Utility Process Models for Streamlining Utility Operations Vitria Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :VITR VITR Vitria Technologies (stock symbol) VITR Visible and Thermal Infrared Radiometer ), a leading provider of eBusiness infrastructure software, and Navigant Consulting, Inc., (NYSE NYSE See: New York Stock Exchange :NCI See Liberate. ) a management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects company serving energy-based and other network industries, today announced a strategic alliance to deliver comprehensive business process automation for the utility industry. Under the terms of the agreement, Navigant Consulting will provide utility business process consulting in concert with Vitria and Vitria BusinessWare(R) solutions. The alliance intends to offer business process solutions that will assist utilities in streamlining operations throughout the enterprise by centralizing business process management and integrating critical applications. These solutions are based on the combined strengths of Vitria BusinessWare and Navigant Consulting's expertise in utility business processes, including outage management, energy trading, job design, crew scheduling, customer care and data warehousing See data warehouse. data warehousing - data warehouse . Navigant Consulting will develop standard, re-usable functions specifically for the utility industry, including BusinessWare(R) Connectors for typical utility applications such as Geographic Information Systems (GIS) and Distribution Management Systems (DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. ). The company also will develop business process models for critical utility activities such as outage management and energy trading. Leveraging Navigant Consulting's industry expertise and strong relationships with many of the largest electric and gas utilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Navigant Consulting and Vitria together will aggressively market and sell their fast, flexible and cost-efficient solutions to utilities and the enterprises that are emerging as a result of utility deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. . The two companies are targeting enterprises in the areas of power generation, transmission, distribution and retail delivery. "Companies will thrive in today's deregulated utility environment by reducing operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , delivering new services, operating effectively and capitalizing on mergers and acquisitions across the industry. The Vitria-Navigant Consulting alliance will provide the process solutions and adaptable business models for making these goals a reality," said Robert P. Maher, Chairman, 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. of Navigant Consulting, Inc. "Vitria's successful track record in the telecommunications industry, with similar challenges, demonstrates the power of our alliance and the potential results we can deliver to clients in the energy industry." BusinessWare(R) provides a platform for sharing data and coordinating business processes across all standard and homegrown information technology applications, without experiencing the support and reliability issues that arise in point-to-point system interfaces when systems are added, upgraded or replaced. In addition to GIS and DMS, these systems include Customer Information Systems, Work Management Systems, Computer Aided Dispatch Systems, Supervisory Control and Data Acquisition (application) Supervisory Control and Data Acquisition - (SCADA) Systems are used in industry to monitor and control plant status and provide logging facilities. SCADA systems are highly configurable, and usually interface to the plant via PLCs. Systems, legacy mainframe applications, and three-tier eCommerce applications. "We look forward to working with Navigant Consulting to assist utility companies in developing the business process solutions to meet all of their enterprise needs," said JoMei Chang, Vitria's founder and chief executive officer. "Based on Navigant Consulting's excellent track record and deep knowledge of utilities, and BusinessWare's ability to allow systems to work together in a smooth controlled model of utility business processes, our efforts can only result in continued success." About Navigant Consulting, Inc. Navigant Consulting, Inc., is a global management consulting firm that provides strategic, financial, management, and expert services to energy-based, network and other regulated industries. The company helps clients succeed in a business environment of changing regulation, increasing competition and evolving technology by providing management consulting services in areas such as business strategy development, marketing and sales, engineering services, operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. , information technology, customer care, and major transactions. Navigant Consulting is a publicly-traded company (NYSE:NCI) and is headquartered in Chicago. For more information contact Joan Bates Bates , Katherine Lee 1859-1929. American educator and writer best known for her poem "America the Beautiful," written in 1893 and revised in 1904 and 1911. , Manager of Investor Relations Investor relations The process by which the corporation communicates with its investors. , (312) 573-5650 or visit the company's web site at www.navigantconsulting.com. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities and Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's future business prospects, revenues, working capital, liquidity, income and margins, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward looking statements, due to several important factors including those identified from time to time in the Company's reports filed with the SEC. Such risk factors include, but are not limited to: acquisitions and acquisitions under consideration, follow-on offerings, revenue and financial estimates, significant client assignments, recruiting and new business solicitation efforts, regulatory changes, and general economic conditions. About Vitria Vitria Technology, Inc. is a leading provider of eBusiness infrastructure software. Vitria's eBusiness platform, BusinessWare, automates mission-critical business processes across the extended enterprise, reducing time to market, shortening lead times, lowering operating costs, and increasing customer satisfaction. Vitria is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (NASDAQ:VITR) based in Sunnyvale, California. For more information, call 408/212-2700, visit the company's Web site at www.vitria.com, or send email to info@vitria.com. This press release includes forward-looking statements that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to, risks related to market acceptance of Vitria's product, deployment delays or errors associated with these products, hardware platform incompatibilities, reliance on a limited number of customers for a majority of revenue, need to maintain and enhance certain business relationships with system integrators and other parties, ability to manage growth, activities by Vitria and others regarding protection of proprietary information, release of competitive products and other actions by competitors. These forward-looking statements are generally identified by words such as "expect," "anticipate," "intend," "believe," "hope," "assume," "estimate" and other similar words and expressions. Note to Editors: BusinessWare(R) is a trademark of Vitria Technology, Inc. All other names may be trademarks of the companies with which they are associated. |
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