WATERTOWN, Mass.--(BUSINESS WIRE)--Sept. 4, 1996-- OneWave, Inc. (NASDAQ: OWAV), a leading provider of business software solutions that integrate and extend critical business applications, and Computer Sciences Corporation (NYSE:CSC), one of the largest consulting and systems integration firms in North America, today announced an alliance agreement that will allow them to provide enhanced computing solutions to companies in the manufacturing, higher education and financial services marketplace. The two companies will work together to integrate popular mission-critical business applications from vendors such as SAP, Baan and PeopleSoft, and extend them to new business audiences, within and between enterprises, using Internet technology.
Under the agreement, CSC will train their consultants on OneWave technology, enabling them to work with their customers to extend business processes to the enterprise, intranets and the Internet. OneWave will work closely with CSC in their applied research program, which is centered around discovery, experimentation and the alignment of emerging technologies that provide strategic, innovative solutions for CSC s customers. The two companies will also conduct marketing initiatives demonstrating how a corporation can truly gain a competitive advantage within their industry by fully utilizing the capabilities of the Internet.
"The OneWave/CSC partnership ensures that both companies' customers are exposed to the newest, most beneficial integration technology and proven implementation expertise," said Klaus P. Besier, chairman and CEO of OneWave, Inc. "The alliance with CSC will allow us to provide customers with innovative computing solutions that will leverage their existing IT investments."
"OneWave has moved beyond creating a basic development tool to providing an organizational building block that enables companies to simplify the integration and use of business applications," said Paul Gustafson, a senior partner in CSC's Applied Technology Group. "We are pleased to work with OneWave, offering companies a rapid and innovative approach to integrating existing back-end mission-critical systems and extending them to powerful digital channels such as intranets and the Internet."
About Computer Sciences Corporation (CSC)
CSC, one of the largest consulting and systems integration firms in North America, combines strong industry expertise with deep technology capabilities to help clients solve critical business problems. Specialized areas of expertise range from business process redesign and information technology transformation to large-scale systems integration, custom application development, and outsourcing. With revenues in excess of $5 billion and 40,000 employees in 600 locations worldwide, CSC has been serving a wide range of industries and government entities for more than 35 years. For additional information about CSC, please access the Company's World Wide Web site at http://www.csc.com.
About OneWave, Inc.
OneWave, Inc. is a provider of software solutions that integrate and extend critical business applications across enterprises, intranets and the Internet. OneWave software helps companies adapt to rapidly changing market conditions by minimizing implementation time frames, leveraging existing technology investments, and reducing software development costs. The Company's proven method for optimizing Internet, Web, client/server, and legacy technologies offers customers fast, easy, and cost-effective business implementations. For additional information about OneWave, please access the Company's World Wide Web site at http://www.onewave.com; send e-mail to info@onewave.com; or call (617) 923-6500. -0-
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company's actual results could differ materially from those set forth in the forward-looking statements. Certain factors that might cause such a difference include delays in product development and product roll-out, industry alliances, the announcement or introduction of competitive products, market acceptance of the announced products and those factors discussed in the section entitled "Risk Factors" on page 5 of the Company's Registration Statement on Form S-1 dated July 2, 1996.
OneWave is a trademark of OneWave, Inc. Other product and company names may be trademarks of the respective companies.
CONTACT: Bernie Thiel
Computer Sciences Corporation
617-788-4023
bthiel@csc.com
or
Peg Culotta or Oliver Churchill
OneWave, Inc.
617-923-6500
pculotta@onewave.com, oliver@onewave.com
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