$7.2-Million Deal Provides Chordiant With Additional Java Application Development Capabilities
Chordiant Software, Inc. (NASDAQ: CHRD) today announced that the company has purchased the Java
server technology from ActionPoint, Inc. (NASDAQ: ACTP) for approximately $7.2 million in cash and
stock. The transaction will be accounted for as an asset purchase of technology. In addition to
the Java server technology, a total of 20 employees will transfer to Chordiant.
"We have purchased a Java server and application components that will enhance our enterprise-class,
business-to-individual (B2I) applications for Global 1000 companies," said Sam Spadafora, Chordiant
chairman and CEO. "This purchase accelerates our current J2EE application development efforts and
provides Chordiant with an HTML/DHTML and Java JSP applications framework that further broadens and
strengthens the Chordiant Unifying CRM Solution for thin-client applications."
CHORDIANT STRATEGIC FIT
The acquired Java server technology is an XML-based Java server that will allow Chordiant to
rapidly deploy and easily maintain dynamic, personalised Web interactions that consummate
end-to-end Customer Relationship Management (CRM) on the Internet. This technology moves
transaction data and application intelligence to the customer's browser, cutting the wait-time
associated with server round-trips. The applications framework also provides personalised content
so users are only asked relevant questions based on previous answers, and it offers custom
presentation formats for specific customer or partner needs.
"We expect that Chordiant customers will benefit from this Java based thin-client application
framework as it is applied to Internet based eMarketing, eSelling, eService and knowledge-based
applications for consumer direct businesses," added Spadafora. Our goal for individual consumers
is to create engaging, interactive applications that guide consumers through the entire experience
making it easier for customers to seamlessly act on market offers; intelligent selection of
products and services; and enable personalised service and purchases directly over the Web."
The resulting thin-client, web based applications will allow consumers direct access to the
enterprise business services and provide a single view for individual consumers fully exploiting
Chordiant's Intelligent Customer Interaction Management (ICIM) platform.
ABOUT CHORDIANT SOFTWARE, INC.
Chordiant Software (http://www.chordiant.com) delivers a Unified CRM Solution that provides an Intelligent Customer Interaction Management (ICIM) platform for enterprise-wide integration with existing systems and Intelligent Business Services including e-marketing, e-service, e-selling, and
e-fulfillment, which embrace the customer's existing applications. Chordiant's solution is
designed to meet the extreme customer demands of complex businesses serving millions of individuals
in real time and across multiple lines of business, with the objectives of customer satisfaction,
retention, growth, and lifetime value.
Whether communicating via branch locations, Web, e-mail, telephone, or wireless access, the
Chordiant Unified CRM Solution provides a real-time, single view of each customer and a consistent,
personalised message for every interaction. It includes a comprehensive business process engine,
which allows companies to implement best business practices across multiple touchpoints. Marketers
and sales professionals can maximise their marketing investment through the creation, execution and
refinement of sophisticated direct marketing initiatives that span both traditional and online
channels. Chordiant empowers intelligent, high-value contacts designed to retain customers, grow
revenues and drive profits during every customer interaction.
Headquartered in Cupertino, California, Chordiant maintains regional offices in Boston; Chicago;
Dallas; Denver; Manchester, New Hampshire; New York; Amsterdam; London; Neu Isenburg and Munich,
Germany; Paris; Sydney and Melbourne.
This news release includes "forward-looking statements" that are subject to risks, uncertainties
and other factors that could cause actual results or outcomes to differ materially from those
contemplated by the forward-looking statements. For this purpose, any statements contained in this
news release that are not statements of historical fact may be deemed to be forward-looking
statements. Words such as "believes," "anticipates," "plans," "expects," "will," "would," and
similar expressions are intended to identify forward-looking statements. There are a number of
important factors that could cause the results of Chordiant to differ materially from those
indicated by these forward-looking statements, including, among others, potential difficulties in
the assimilation of operations, strategies, technologies, methodologies, and products of the
acquired company; the risk of loss of key personnel of the acquired company; diversion of
management attention from other business concerns; and business risks including the risk of
variations in quarterly operating results, significant current and expected additional competition,
and the need to continue to expand product distribution and service offerings. Further information
on potential factors that could affect the financial results of Chordiant are included in risks
detailed from time to time in Chordiant's Securities and Exchange Commission filings, including
without limitation Chordiant's report on Form 10-Q for the quarterly period ended March 31, 2001,
as filed on May 15, 2001 and the Annual Report on Form 10-K filed on March 27, 2001. Also,
statements in this news release related to the expected benefits of the transaction are subject to
risks related to the timing and successful completion of technology and product development
efforts; integration of the technologies into Chordiant's existing products; unanticipated
expenditures; changing relationships with customers, suppliers and strategic partners; and other
factors described in both the Securities and Exc
reports filed by Chordiant with the Securities and Exchange Commission.
Chordiant and the Chordiant logo are registered trademarks and Chordiant Unified CRM for Extreme
Demands is a trademark of Chordiant Software, Inc. All other trademarks and registered trademarks
are the properties of their respective owners.
Click on the link below to see this news release as it appears on the Brodeur
News Room website and obtain full contact details.
Click the link below to login and update your company and subject preferences,
or personal details.
Click on the link below to have your login details re-sent to you.
This press release was distributed by ResponseSource Press Release Wire on behalf of Pleon in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.