LONDON, June 9, 2005 —Keane, Inc. (NYSE: KEA), a leading business and information technology (IT) outsourcing firm, today announced that it has signed a partner agreement with IT consultancy Edenbrook. The partnership will provide Oracle Finance solutions and thought leadership expertise tailored around application and business processes across all vertical sectors.
Keane and Edenbrook will work together to provide customers with comprehensive consultancy. The alliance will help organisations to enhance their IT environments by streamlining business process outsourcing and application outsourcing, thus, maximising ROI.
Mick Hubbard, Commercial Director, Keane UK, commented, “Our consulting partners are strictly chosen on merit, based on ‘best of breed’ and who we believe can demonstrate thought leadership and industry expertise. Edenbrook’s vision and commitment to delivering innovative business solutions fits well with Keane’s, we look forward to a prosperous partnership.”
Both companies will collaborate on project management, resource scoping and offshore delivery capabilities to provide optimum support and training services throughout projects.
Mark Robinson, Sales and Marketing Director, Edenbrook, noted, “With our history and experience regards Oracle Finance applications and Keane’s knowledge of business processes, together, we are a compelling answer to what is a complex challenge when customers are looking to gain extra mileage from existing infrastructures or looking to improve and upgrade current infrastructures.”
Keane, Inc. (NYSE: KEA), helps clients to improve their business operations and IT effectiveness by delivering a broad range of business consulting and outsourcing services designed to achieve near-term and sustainable business benefit. Specifically, Keane focuses on highly synergistic service offerings, including: Application Development & Integration, Application Outsourcing, and Business Process Outsourcing. Keane believes that business and IT improvements are best realized by streamlining and optimizing business and IT processes, implementing rigorous management disciplines, and fostering a culture of accountability through meaningful performance metrics. Keane delivers its services through an integrated network of branch offices in North America and the United Kingdom, and via SEI CMM Level 5 evaluated Advanced Development Centers (ADCs) in Canada and India. Information on Keane is available on the Internet at www.keane.com
Edenbrook is a technology company which specialises in helping clients select, evaluate and deploy advanced information technology programmes. Edenbrook’s approach is to provide teams of experienced technology specialists who work either as an integrated part of clients' teams or assume complete responsibility for projects.
The services provided by Edenbrook cover the complete project lifecycle from technology selection, project planning and management to solutions outsourcing and offshore development. Edenbrook has extensive experience in package implementations and of managing projects that migrate organisations’ legacy systems to new technologies such as .NET and J2EE. Edenbrook is a Microsoft Gold Partner and a Certified Oracle e-Business Suite Partner. www.edenbrook.co.uk
This press release contains a number of forward-looking statements concerning Keane’s current expectations as to future growth. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates,” “intends,” “may,” “projects,” “will,” “would,” and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: continued or further downturns in the U.S. economy, the loss of one or more major clients, unanticipated disruptions to Keane’s business, the successful completion of software development or management projects, Keane’s ability to pursue and successfully complete ERP implementation projects, the ability to successfully integrate Fast Track Holdings Limited, the ability to cross-sell products a
nd services to existing customers of Fast Track Holdings Limited and, and other factors detailed under the caption “Certain Factors That May Affect Future Results” in Keane's Quarterly Report on Form 10-Q for the quarter ended March 31, 2004, which important factors are incorporated herein by this reference. Keane disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, including the potential impact of any future acquisitions, mergers, or dispositions it may make.
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