|
|
|
CONTACT INFORMATION
Cayenta
www.cayenta.com
FOR IMMEDIATE RELEASE
Titan's Subsidiary Cayenta Gains
Momentum in the Utility and Municipality Market with New Customer
Contracts Exceeding $11 Million
SAN DIEGO, CA ., July 16, 2001 - Cayenta™, a subsidiary
of The Titan Corporation (NYSE:TTN) and a Total Solutions Provider
of Information Technology software and services, today announced
that it has signed multiple customer agreements for its suite of
Utility and Financial applications software. The combined value
of these agreements is in excess of $11 million.
The Kansas City Board of Public Utilities, the City of Rock Hill,
South Carolina and EnergyUnited, North Carolina's largest electric
cooperative have all selected the Cayenta Utility and Financial
solution suite. The Cayenta suite includes a complete Customer Information
System, Financial Management software, and an Asset Lifecycle Management
System. Cayenta will also provide the professional services to tailor
the Cayenta systems to meet the specific needs of each customer.
Additionally, the City of Shelby, North Carolina has selected UtilityManager,
the Cayenta Customer Information System (CIS), as its new customer
service and billing solution. UtilityManager is a complete billing,
customer information and eCommerce solution for municipal and privately
owned utilities.
"We are pleased by the recent decision of these customers to
select Cayenta as a business partner," said Dave Porreca, President
and CEO of Cayenta. "We have listened to valuable customer
insight regarding their needs in this market, and have devoted considerable
effort in the development of our robust set of software and services
to meet their specific needs. It is very encouraging to see the
customer acceptance of our solutions and to continue to see Cayenta's
momentum in the Utility and Municipality markets."
About Cayenta
Cayenta, a Total Solutions Provider, delivers complete, interoperable
Information Technology (IT) Solutions to customers in selected,
industry-specific markets. Cayenta provides software applications
along with a full set of service capabilities ranging from technology
and business consulting to implementation of solutions that solve
specific business needs. Cayenta offers software solutions that
serve clients in retail, manufacturing and logistics, utility and
municipality markets as well as enterprise and government customers.
Cayenta also offers the option of delivering complete IT solutions
over the Internet through a proven Netsourcing model. Cayenta is
headquartered in San Diego, California, with regional offices located
throughout North America. For more information on Cayenta, please
visit www.cayenta.com.
About Titan
Headquartered in San Diego, The Titan Corporation creates, builds
and launches technology-based businesses, offering innovative technical
solutions. Three of Titan's four core businesses develop and deploy
communications and information technology solutions and services.
In addition, Titan's SureBeam (Nasdaq:SURE) subsidiary markets the
leading technology for the electronic pasteurization of food products
and Titan is continually identifying promising technologies suitable
for commercialization. The company has 7,800 employees and annualized
sales of approximately $1.1 billion.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: The statements contained in this
release, which are not historical facts, are 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. These statements
are subject to 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 contract
termination risks, revenues anticipated under the contract and other
risks described in the Company's Securities and Exchange Commission
filings."
# # #
|
|