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
"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
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
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
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
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.
Phone 404-720-3600 ext. 3896