| Press Releases & CTE in the
Media |
| Cambridge Technology Enterprises and Software
AG announces strategic alliance to provide cost-effective XML-Based solutions |
CAMBRIDGE, Mass. and RESTON, VA -- February
20, 2002 - Cambridge Technology Enterprises (CTE) Inc., Inc., a
leading provider of high quality, cost effective Internet and enterprise
technology services and Software AG, Inc., the U.S. subsidiary of Software
AG, Europe's largest system software provider and a pioneer in XML technologies,
today announced that the two companies have formed a strategic alliance
that allows Cambridge Technology Enterprises to offer its customers Software
AG's award-winning Tamino™ XML Server.
As a result of the alliance, Cambridge Technology Enterprises will offer
XML-based solutions by integrating Tamino with its solutions set for its
wide range of clients. Concurrently, Software AG will leverage Cambridge
Technology Enterprises's industry expertise in developing solutions for
Software AG's customers. This alliance will focus on providing solutions
within the finance/banking and education markets.
"A synergistic
and complementary relationship is how I look at this agreement
between Cambridge Technology Enterprises and Software AG," said Bhaskar
Panigrahi, CEO, Cambridge Technology Enterprises. "Cambridge Technology
Enterprises has the opportunity to work with one of the best XML servers
and deliver the 'value' that we promise each of our customers."
"Cambridge Technology Enterprises is an ideal partner because of its direct
knowledge and technical expertise gained from working with Tamino during
the past year and a half," said Lori Williams-Peters, Software AG, Inc.'s
Vice President of Sales. "With its focus on the development of large-scale
Web-based applications, Cambridge Technology Enterprises is in an ideal
position to successfully integrate Tamino into its platform."
Tamino can store any kind of data - structured or unstructured. It is the
first native XML server to store and process XML data without having to
convert it to other formats and store it in relational tables first. As
a result, response times are shorter and the setup of the database and the
administrative effort required are significantly lower than with traditional
databases.
Cambridge Technology Enterprises is a two-time winner of the New England
Technology Fast 50 program, presented by Deloitte and Touche, as well as
two-time winner on Inc. Magazine's Annual Inc. 500 list of the fastest growing
companies in the country, for 2000 and 2001. Cambridge Technology Enterprises
prides itself in providing cost-effective, high-quality solutions by leveraging
its vastly experienced team and global delivery infrastructure. With the
inclusion of Software AG's XML-based solutions, Cambridge Technology Enterprises
will be in a better position to provide services to its customers in need
of leveraging the power of XML.
About Software AG,
Inc.
Based in Reston, Va., Software AG, Inc. is a wholly owned subsidiary of
Software AG, Europe’s largest system software provider and a major global
player offering cutting edge technology for data management and electronic
business. Since 1998 the company has focused its development activities
on XML products for the Internet. With about 3,500 employees and representatives
in over 70 countries, Software AG had revenues of 588 million euros in 2001.
Its distribution and technology partners include market leaders such as
IBM, Microsoft and Hewlett-Packard as well as innovative IT solutions providers
like Extensibility, Softquad and Citrix. Software AG’s products control
the central IT processes of thousands of renowned companies worldwide to
include Lufthansa, ZDF, Dresdner Bank AG, DaimlerChrysler, Deutsche Bahn
AG (German Rail), BP and VIAG Interkom. Software AG is listed on the Frankfurt
Stock Exchange (MDAX, Security identification number 724264 / SOWGn.F).
For additional information, go to www.softwareagusa.com.
About Cambridge Technology Enterprises Inc.
Cambridge Technology Enterprises (CTE), a CMMI Level 5 next-generation business
lifecycle solutions provider, has a focus on building and integrating business
applications. CTE’s core competency lies in its collaborative delivery
model, a solution delivery approach that aligns business, technical, and
user stakeholders; includes partner technologies and services as necessary;
and delivers end-to-end solutions on a fixed price and fixed time frame
basis.
CTE’s business model is based on a global delivery model foundation,
which stays close to the customer and yet optimizes the value of the solution
offered.
For more information, please visit www.ctepl.com,
or e-mail us at info@ctepl.com.
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