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CONTACT INFORMATION
Jeff Bender, President
jbender@harriscomputer.com
FOR IMMEDIATE RELEASE
Harris Computer Systems Acquires
Cayenta
OTTAWA, ONTARIO and VANCOUVER, BRITISH COLUMBIA, June 3,
2004 - Harris Computer Systems ("Harris"), a
leading provider of customer information systems (CIS) and financial
management software solutions for utilities and local governments,
is pleased to announce the acquisition of Cayenta Canada Corp. ("Cayenta").
Cayenta is a leading provider of CIS and enterprise resource management
solutions to utilities, city governments, and educational institutions.
Harris President and CEO Jeff Bender stated, "We've been interested
in acquiring Cayenta for some time and feel fortunate to have made
such a strategic acquisition. Cayenta extends our existing core
CIS portfolio and enhances our financial management product line
with a complete enterprise offering. The combination of the two
companies under Harris provides the market with a single, vertically-focused
vendor with solutions for organizations of almost any size."
Cayenta President, Michael Gardner stated, "We are very pleased
to announce our acquisition by Harris. Cayenta now has an owner
focused on the utility and municipal markets who can help us take
Cayenta to the next level. The combined 49 years of history in this
market will only benefit both organizations’ customers."
Harris will continue to build the Cayenta brand and is committed
to the continued investment in and development of the Cayenta flagship
products Cayenta Utilities, Cayenta Financials and OperationsManager.
"Cayenta provides Harris with a solid footprint in both the
Cooperative Utility segment and the city and educational financial
management segment. Furthermore, Cayenta's products, technical knowledge,
and services staff are complementary to Harris's own. With the acquisition
of Cayenta, not only can Harris expand into new markets, but we
can offer an un-paralleled depth of services and business process
consulting knowledge for our customers," explained Bender.
Harris Vice President Craig Ross added, "Cayenta represents
a significant growth opportunity for Harris. In the near term, we
will be focused on completing the Cayenta contracts in process and
delivering on Cayenta Utilities v8.0, a browser based version of
v7.4. Going forward, we will look for synergies that will enhance
our competitive position across all segments and ensure that our
customers continue to receive solution suites that meet their evolving
requirements."
Effective June 3, 2004, Cayenta becomes a wholly owned subsidiary
of Harris. Cayenta will continue operations from their existing
offices in Vancouver, British Columbia. Cayenta will operate as
a separate business unit of Harris and will focus on continuing
its customer service excellence.
About Harris:
Harris is a leading provider of Customer Information Systems (CIS),
billing and financial management software solutions. Since 1976,
Harris has focused on providing feature-rich and robust turnkey
solutions to utilities and all levels of local government throughout
North America. Harris' focus is on creating long-term relationships
with our customers and ensuring that we meet the changing needs
of our customers over time. For further information on Harris Computer
Systems, please visit our website at www.harriscomputer.com.
About Cayenta:
For over 20 years Cayenta has remained true to its mission of working
together with our customers to design a suite of revenue cycle management
software and services for the municipal and cooperative markets
- including regulated and deregulated public utilities.
Cayenta solutions provide Municipalities, Utilities, Cooperatives
and Educational Institutions with the tools they need to improve
customer service and revenue, improve operational efficiency, integrate
with the world at large, and run a better business for the benefit
of their constituents. For further information on Cayenta, Inc,
please visit our website at www.cayenta.com.
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