Novient To Be Acquired By Solution 6
Combination Creates Definitive
Software Market Leader For Professional Services Organizations
Atlanta, GA (ots) - Novient(R), Inc., the pioneer of software solutions for the service economy, today announces that it has signed a definitive agreement to merge with Solution 6 Holdings Ltd. (ASX: SOH), the worldwide market leader in specialist business software for professional services organizations. The merger establishes Solution 6 as the dominant market share leader across all geographies for software applications specifically designed for the service economy.
"The acquisition of Novient provides a foundation for us to offer the most complete and sophisticated set of solutions for professional services organizations worldwide," said Neil Gamble, CEO, Solution 6. "Novient's leading technology, blue-chip customer base, and strong management team provide a solid foundation for our planned growth within the Americas."
The merger will leverage the complementary strengths of Novient and Solution 6 to create the only true end-to-end solution designed for service organizations. The combined global presence will represent over 5,600 customers and 500,000 licensed users worldwide and will be supported by over 1,100 employees in eleven countries and 35 offices.
"We see significant upside in being part of a true end-to-end professional services solution with a global capability, presence and reach," said R. Halsey Wise, president and CEO, Novient. "The combination of Novient and Solution 6 will create the definitive software market leader for professional services organizations worldwide."
Novient's web-based software tracks and properly allocates the primary resources of services companies-namely, people, intellectual capital and time. Blue chip customers include Accenture, Computer Sciences Corporation, Hewlett Packard, KPMG, and SAP. Novient has a total of over 150,000 licensed users in 48 countries.
"This is a landmark event for the industry," said David Hofferberth, research director, Aberdeen Group. "The combination of Novient and Solution 6 creates a clear leader within the professional services automation (PSA) space, bringing together for the first time deep resource, project and financial functionality."
Novient is the acknowledged technology leader in the 'service process optimization' (SPO) market. Gartner Dataquest projects that this worldwide market will grow from US$270 million in 2001 to US$1.6 billion by 2005.
"The market for SPO solutions is truly global in nature," said Ted Kempf, principal analyst, Gartner. "Those software vendors with complete solutions and global distribution and support capabilities will be well positioned to assume leadership roles within this market."
Novient's president and CEO, R. Halsey Wise, will be responsible for Solution 6's strategic drive in the SPO market and the integration of the Novient technology with Solution 6 products such as CABS, CMS and Keystone. The acquisition is expected to close in July of this year pending Solution 6 shareholder approval.
About Novient, Inc.
Novient is the pioneer of software solutions for the service economy. Novient provides visibility into resources and projects to allocate the right people to the right projects at the right time. Through sophisticated optimization technology, Novient aligns skilled workforces with strategic corporate objectives.
With over 150,000 users in 48 countries, Novient's Service Process Optimization (SPO) solution is used by the world's largest organizations to optimize workforce performance. Customers include Accenture, Cingular, Compaq, Computer Sciences Corporation, DuPont, Manugistics, Nortel Networks, and SAP. For more information, please visit www.novient.com.
About Solution 6
With over 5,500 customers, Solution 6 is the global leader in specialist business software for medium-to-large professional services organizations, including consulting firms, lawyers and accountants. Leading Solution 6 product brands - including CMS, Keystone, CABS and Viztopia - are integrated to provide the most comprehensive end-to-end solution capability available for professional services organizations worldwide. Solution 6 has over 1,100 employees in 11 countries and 35 offices, and operates through three major regional centers - North America, UK & Europe and Asia Pacific. Solution 6 Holdings Limited is listed on the Australian Stock Exchange - ASX: SOH. More details at www.solution6.com/home.asp.
Novient, Novient eServices, Novient iServerNet and Novient nSight are trademarks of Novient, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.
ots Originaltext: Novient, Inc.
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