European Operations Consolidated in United Kingdom
BILLERICA, Mass., Aug. 24 /PRNewswire/ -- Peritus Software Services, Inc.
(Nasdaq: PTUS) a leading provider of solutions for software maintenance, today
announced that it has divested its 63% interest in Persist, S.A. ("Persist"),
its Spanish services company. Persist's remaining stockholders, Solintec,
S.A. and Abel Mexas now own all of Persist.
Allen Deary, president and chief executive officer of Peritus stated, "It
is no longer strategic to our ongoing plans to maintain our direct ownership
interest in Persist. We can better serve our distributor network and direct
clients from our UK office. We will, however, continue to partner with
Persist to support our mutual clients in Spain when appropriate."
Peritus opened a direct sales and support office in the United Kingdom
earlier in the year. With this announcement, the company is consolidating its
European operations into its United Kingdom location. Support of Peritus'
distributors in Europe, direct sales, and pre-sales activities will be
provided from this location.
About Peritus
Founded in 1991, Peritus Software Services, Inc. (Nasdaq: PTUS) is a
leading provider of software maintenance outsourcing services. The Peritus
Software Asset MaintenanceSM (SAM) offerings change the paradigm of software
maintenance by enabling organizations to transform the maintenance process
into an efficient, cost-effective discipline to boost productivity and
performance. SAM offerings include customized services for software
providers, information systems organizations, and Year 2000 renovations.
Peritus has successfully renovated more than a billion lines of code for
clients worldwide. Peritus is headquartered in Billerica, MA and can be
reached at 1-800-598-7787 or at the Peritus Web site http://www.peritus.com.
This press release may contain certain forward-looking statements, which
involve risks and uncertainties. The company's actual results may differ
materially from the results discussed in such statements. Certain factors
that could cause actual results to differ materially from those discussed in
such forward-looking statements include the risks described in the Company's
Annual Report on Form 10-K for the year ended December 31, 1997, the Quarterly
Report on Form 10-Q for the quarter ended June 30, 1998, and other public
filings made by Peritus with the Securities and Exchange Commission, which
factors are incorporated herein by reference.
Peritus is a registered trademark and Software Asset Maintenance is a
servicemark 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. 123089
CONTACT:
Gareth Taube, gtaube@peritus.com or
Jacqueline Crowley, jcrowley@peritus.com of Peritus Software
Services, Inc. 978-670-0800
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