StreamServe Expands Presence in United States

StreamServe Expands Presence in United States Software company opens Midwest headquarters signaling its continued growth as a leading provider of Intelligent Business Communications Raleigh, North Carolina and Stockholm, Sweden - May 18, 2000 - StreamServe, a leading provider of eBusiness infrastructure communications software, today announced the opening of its Midwest headquarters located in Chicago. Chicago will be the company's twelfth office worldwide. With the opening of the Chicago office, StreamServe is poised to meet the growing demand for the company's eBusiness solutions, while establishing a solid presence in a rapidly growing marketplace. With a number of StreamServe product installations already in place in the Midwest, the company will also be able to work more closely with its existing customer base. "The establishment of an office in the Midwest is a natural step in expanding our US presence and meeting the increasing market demand from companies that are seeking to communicate over the Internet using their existing ERP systems. We believe that our establishment in the Midwest will contribute immediately to our continuous growth in the US Market", said StreamServe CEO Hans Otterling. StreamServe's Intelligent Business Communications solutions allow companies to strengthen their communication practices by adding Internet communication capabilities. Using StreamServe, businesses can communicate with eMarketplaces, such as trading exchanges and portals, in XML, EDI and HTML formats. "More and more companies are realizing that to remain competitive they must leverage their ERP system to communicate over the Internet," said Randy Steyer, StreamServe President of U.S. Sales. "As a result, demand for StreamServe is growing because companies realize the importance of purchasing a product that strengthens their eBusiness strategies while seamlessly integrating with their ERP system." In addition to its Chicago office, StreamServe also maintains U.S. offices in Raleigh, North Carolina and San Jose, California. Additional StreamServe offices are located in Sweden, Germany, France, the Netherlands, Norway and Finland. About StreamServe StreamServe is a provider of eCommerce infrastructure software that facilitates flexible business communications. The product suite is designed to manage and automate the flow of critical business information. The software enables StreamServe's customers to communicate with their customers, suppliers and partners in a wide range of formats, across many types of channels and in a customized manner. The StreamServe product suite enables seamless integration with most major business applications and eBusiness platforms. StreamServe's software allows companies to leverage business applications, adding functionality and flexibility and enables communication for participation in eBusiness. StreamServe also provides reliable, integrated and automated software solutions to enable a robust exchange of information in eCommerce companies and Internet portals. StreamServe began operations in Sweden in 1995. During 1998 and 1999, StreamServe expanded its activities to Finland, France, Germany, the Netherlands, Norway, UK and the United States. Strategic alliances with business application vendors, system integrators and other eBusiness providers, enhance StreamServe's market penetration. StreamServe's more than 1500 customers worldwide include business operating in a wide range of industries, as well as operators of Internet portals designed for business-to-business (B2B) and business-to-consumer (B2C) commerce. StreamServe had revenues of $14.7 million in the year ended December 31, 1999. StreamServe, the StreamServe logotype and Intelligent Business Communications are trademarks of StreamServe, Inc. All other products or company names herein may be trademarks of their respective owners. Jakob Svärdström, COO Tel: # 46 - 8 686 85 33 jakob.svardstrom@streamserve.com www.streamserve.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/18/20000518BIT00730/bit0001.doc http://www.bit.se/bitonline/2000/05/18/20000518BIT00730/bit0002.pdf