Year 2000 Factory Utilization Reaches New Highs
BILLERICA, Mass., May 19 /PRNewswire/ -- Peritus Software Services, Inc.
(Nasdaq: PTUS) a leading provider of solutions for software maintenance and
software evolution, today announced that an additional 30 million lines of
code were added to its Year 2000 factory services business in the last 3
months. The factory is addressing the Year 2000 software problem for leading
U.S. and international firms. Among the customers that contributed to the 30
million are Great American Insurance Company, Novartis, and Sun Trust.
Peritus is also performing Year 2000 work on behalf of some of its service
providers.
By using the Peritus factory to correct Year 2000 problems, these firms
are able to achieve century compliance without adversely impacting their
current IT resources. The Peritus Year 2000 factory uses its own experienced
and highly trained staff to make the required corrections in software
applications. By using state-of-the art tools and processes, the factory
provides clients with a complete solution for meeting their Year 2000
deadlines. The Peritus Year 2000 factory provides clients with a cost-
effective, efficient, and highly accurate renovation solution.
"The increase in factory business validates that the Year 2000 market is
shifting from a tools market to a services market," said Bill Sawyer, VP
Client Operations. "Peritus is well positioned with its Year 2000 factory
capabilities to handle the ever-increasing demand for Year 2000 renovations."
"We see evidence that companies are taking more aggressive steps to
achieve century compliance," said Gareth Taube, VP of Worldwide Marketing.
"We believe that the change in our business can be attributed to the fact that
many companies are coming to the realization that outsourcing applications
with us is a viable and effective means for attaining Year 2000 compliance."
To deliver cost-effective, high quality Year 2000 services that meet
client requirements, the factory uses a combination of the Peritus Enterprise
Renovation Suite/2000(TM) tools and the Peritus Automate:2000(R) service
process. The factory offers the client the ability to have non-Year 2000
compliant applications fixed by any of the three industry proven strategies-
logic correction, date expansion, or a hybrid approach. The Peritus Year 2000
factory corrects millennium problems found in a large variety of programming
languages.
About Peritus
Peritus Software Services, Inc., is a leader in providing solutions for
software maintenance and software evolution. Peritus software maintenance
solutions transform software maintenance into an efficient, cost effective
process that can boost the performance of any IT organization. For the Year
2000 problem, Peritus provides a complete solution for implementing and
evaluating Year 2000 compliance. To date, hundreds of clients and more than
30 service providers have successfully renovated billions of lines of code
with Peritus products and services. Founded in 1991, Peritus employs over 400
software professionals.
Headquartered in Billerica, MA, Peritus delivers its services around the
world through consulting centers in Westboro, MA; Trumbull, CT; Lisle, IL;
Mountainview, CA; Cincinnati and Dayton, OH; Bangalore, India; and Barcelona,
Spain. For more information about Peritus, call 800-598-7787 or visit the
Peritus web site at http://www.peritus.com.
Peritus is a registered trademark, Automate:2000 is a registered
servicemark, and Enterprise Renovation Suite/2000 is a trademark of Peritus
Software Services, Inc.
SOURCE Peritus Software Services, Inc.
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Related links:
http://www.peritus.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 124139
CONTACT:
Ted Swoyer of Peritus Software Services,
Inc., 978-670-0800, tswoyer@peritus.com or Kim Miller of
FitzGerald Communications, Inc., 617-494-9500,
kmiller@fitzcomm.com
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