StreamServe Signs Multinational Agreement with Skanska Group

StreamServe Signs Multinational Agreement with Skanska Group StreamServe complements Oracle Applications implementation, adding flexibility to construction company's communications strategies Raleigh, North Carolina and Stockholm, Sweden May 12, 2000 - StreamServe, a leading provider of eBusiness infrastructure communications software, today announced it has signed a multinational agreement with construction giant Skanska. Through the agreement, Skanska will use the software program to automate the flow of mission-critical information between the company's worldwide offices and its customers and business partners. StreamServe will first be implemented at Skanska ITS' Skanska Sverige AB during its Oracle implementation. The company will use StreamServe to complement its Oracle Applications business system. According to the agreement, Skanska Group has the option of installing StreamServe at its worldwide subsidiaries at a flat rate. "We chose StreamServe as our customer communications and output management solution because of its advanced functionality, fast implementation and the opportunity to meet future B2B eBusiness demands by communicating through HTML and XML," said Henrik Trygg, Skanska ITS. Using StreamServe's Intelligent Business Communications solutions, Skanska will distribute mission-critical information via printer, email and PDF. The software program also gives the construction company the opportunity to add StreamServe's eCommerce product suite in the future. "StreamServe welcomes the opportunity to provide a solution for Skanska and Oracle," said Stefan Blomqvist, StreamServe Regional Nordic Director. "In the United States, StreamServe has enjoyed a strong relationship with Oracle. With this agreement we continue this relationship in Europe and the Nordic region." "StreamServe is a natural complement to Oracle Applications," added Stefan Strom, Nordic Manager for Oracle Applications. "Together, we can offer a complete system for output management with a short installation time and high quality." -more- StreamServe/Skanska sign multinational agreement 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. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/12/20000512BIT00680/bit0001.doc http://www.bit.se/bitonline/2000/05/12/20000512BIT00680/bit0002.pdf