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CONTACT INFORMATION
Cayenta Inc.
www.cayenta.com
Titan Corporation
www.titan.com
FOR IMMEDIATE RELEASE
Titan Subsidiary, Cayenta,
Inc. Acquires Solutions for Growth (SFG), Inc.
Acquisition of Revenue Cycle Management Software Company Extends
Cayenta, Inc.'s Proprietary Suite of E-business Solutions
SAN DIEGO, CA., December 23, 1999 - The Titan Corporation
(NYSE: TTN) today announced that its subsidiary, Cayenta, Inc.has
acquired more than 99 percent of the capital stock of Solutions
for Growth, Inc. (SFG) for approximately $15 million, including
cash and the assumption of debt. SFG is a leading provider of revenue
cycle management software for companies with complex bill calculation
requirements. SFG's technology addresses the complex problems related
to revenue cycle management in industries such as utilities, telecommunications,
and transportation/logistics. SFG's technology and employees will
become an integral part of Titan's e-business solutions subsidiary,
Cayenta.
The acquisition of SFG will allow Cayenta to broaden its Total
Services Provider offering with a Revenue Cycle Management product
that is deliverable via the Internet. Current SFG solutions include
customer enrollment and credit worthiness, billing and rate management,
collection and deposit, payment processing, customer service, and
settlement with trading partners.
In addition to the acquisition of SFG, Titan also announced that
Cayenta had closed the previously announced acquisition of ASSIST
Cornerstone Technologies.
About The Titan Corporation
Headquartered in San Diego, California, The Titan Corporation is
a leading provider of wireless telecommunications and information
technology services and solutions. In addition, Titan markets the
leading technology for the electronic pasteurization of food. Titan
seeks to capitalize on government funded R&D and the Company's
core competency in information and telecommunications systems by
creating unique commercial businesses offering advanced technology
solutions. The Company has annualized sales of over $400 million,
a total backlog in excess of $1 billion, and approximately 3,400
employees. www.titan.com
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: The statements contained in this
release which are not historical facts, including our outlook on
the future performance of our core businesses and our growth strategies,
are forward-looking statements that are subject to risks and uncertainties
that could cause actual results to differ materially from those
set forth in or implied by forward-looking statements. These risks
and uncertainties include the Company's entry into new commercial
businesses, dependence on continued funding of U.S. Department of
Defense programs, government contract procurement and termination
risks, risks associated with acquiring other companies, including
integration risks, and other risks described in the Company's Securities
and Exchange Commission filings.
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