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CONTACT INFORMATION
SPL Worldgroup
www.splwg.com
FOR IMMEDIATE RELEASE
SPL WorldGroup to focus Exclusively
on Energy and Utility Solutions Appoints CD Hobbs as President and
Chief Executive Officer
SAN FRANCISCO, CA., July 20, 2000 - SPL WorldGroup, Inc.
(SPL), the leader in Customer Care & Billing solutions
to the global energy market, today announced that it has completed
the spin-off of its non-energy related IT divisions into independent
entities. This move is aimed at further enabling SPL to focus exclusively
on providing Customer Care & Billing solutions to the rapidly
changing global energy and utilities market. It is estimated that
utilities worldwide will spend more than $10 billion a year on Customer
Information Systems (CIS) systems by 2003 to address the growing
complexity of their customer care and billing requirements.
"We reached the conclusion that to effectively manage the growth
we are experiencing as the leading provider of CIS and related solutions
to the global energy and utilities market, we need to focus exclusively
on this business," explains Moshe Mor, Chairman of SPL WorldGroup.
"When our current and future customers are betting their business
on our CIS solution, we believe they would like to know that SPL
is betting its business on their success"
In 1995, SPL launched the industry',s first fully functional and
highly scaleable packaged customer information system (CIS) for
the utilities market, CIS PLUS. Addressing the growing demand
for world class CIS packages generated by deregulation and privatization
of utilities around the world, the company has emerged as a global
leader in that market. By June 2000, SPL had more than 50 customers
in North America, Europe and Australia. Its Customer Care &
Billing product suite is successfully meeting the needs of utilities
of all sizes, from small municipal utilities to some of the largest
utilities in the world.
In a move intended to further its market leadership, SPL announced
the appointment of CD Hobbs as President and Chief Executive Officer
of the Company. CD will succeed Moshe Mor who has led the
Company through its rapid growth in the last five years and who
will continue to serve as SPL',s chairman.
"CD is recognized throughout the industry as a thought leader,"
commented a delighted Moshe Mor, &He brings to SPL a background
rich in industry operational experience as well as strategic consulting.
We are confident his expertise and leadership will direct SPL WorldGroup
into the forefront of the Customer Care & Billing solutions
market."
Formerly, as Senior Vice President at META Group, CD developed and
led the Energy Information Strategies group from inception to its
current position of premier IT advisory group to the energy industry.
In 1999, he assumed responsibility for all of META's vertical industry
practices and its Executive Services.
Between 1977 and 1991, CD held several executive positions with
Portland General Electric (PGE), including Senior Vice President,
Business Development, and Chief Financial Officer. CD played a key
role in formulating and executing PGE strategy for transition in
the rapidly changing industry.
In explaining what attracted him to SPL, CD said, "I have
become aware of SPL's outstanding reputation through my consulting
work in the industry. I am convinced that the Company, and its CIS
PLUS suite of products, are in the best position to address the
complex needs of energy and utility companies and I am excited to
become part of that vision."
About SPL WorldGroup
SPL WorldGroup, established in 1994, is a leading international
provider of Customer Care & Billing solutions to the Energy
and Utilities market. With over 500 professionals in North
America, Europe and Asia Pacific, SPL has delivered its CIS PLUS
suite of products to more than 50 customers world-wide.
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