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IBM® and Systemcorp® announce strategic alliance to deliver Enterprise Project-portfolio Management software applications and services



PMOffice™ Enterprise Aligns People, Projects and Priorities
to Make Organizations More Efficient

San Francisco, May 9, 2002 -- IBM® (NYSE: IBM) and Systemcorp® today announced a strategic alliance to market, sell and deliver comprehensive Enterprise Project-portfolio Management (EPM) web solutions to global organizations across all industries. Bridging the gap between the front and back office, IBM® and Systemcorp® are implementing PMOffice™ Enterprise in organizations seeking to improve their core business areas and strategically align people, projects and priorities.

Under the terms of the agreement, Systemcorp® and IBM® have joined forces to set a new standard in Enterprise Project-portfolio Management by delivering best-of-breed technologies with industry-leading EPM consulting, customization, and integration services. Systemcorp's PMOffice™ EPM solution leverages the power of IBM's WebSphere™, MQ Series™ and DB2™ database software, and is deployed in some of the largest financial, pharmaceutical and high tech organizations around the world.

IBM® brings to the alliance its vast expertise in project management. "Based on our experience delivering hundreds of successful projects, we recognize that success falls heavily on the execution of world-class project management principles, techniques, and processes," said Kathleen Colyar Piontek, midmarket practice executive of IBM® Global Services (IGS). "Leveraging PMOffice™ Enterprise as the cornerstone of our offering, we can further assist our customers in assessing, applying and deploying project management disciplines across core business areas, processes and systems. The breadth and depth of knowledge and experience provided by IBM® combined with PMOffice™ Enterprise software enables our customers to define their priorities, align their projects, and then rigorously manage critical activities across their entire workforce."

According to Murray Schwartz, Systemcorp's director of Strategic Alliances, companies have previously focused on the automation of front and back office processes, neglecting the automation of their internal departments. "Depending on the industry, internal organizations such as IT, R&D, consulting services, marketing and corporate governance departments, together can represent anywhere from 16% to 54% of a company's business costs," he said (Systemcorp® internal research, 2002). "More importantly, the bulk of these costs are incurred by work performed in the context of a project. But with 28% of projects failing before completion, (StandishGroup Chaos Report, 1999) and 51% of projects exceeding costs by more than twice their budgets (excerpt from various Gartner Advisories, from Sep-Dec 2000), organizations have painfully recognized that the lack of an automated enterprise project system is a critical liability affecting their delivery process."

PMOffice™ Enterprise assigns all resources from within a central automated system. It facilitates a dynamic decision process which evaluates, selects and prioritizes an organization's list of new projects. Active projects may be accelerated, rescued, killed or de-prioritized. Resources are constantly reallocated to all remaining initiatives, aligning people, projects, and organizational priorities with a company's business strategy. By implementing PMOffice™, Systemcorp's customers have experienced a 25% decline in project failures, slashed their budget overruns by as much as 28%, and substantially optimized their resource management processes. Companies managing a typical $60 million project-portfolio are saving over $12 million per year (Systemcorp® internal research 2002).

The Systemcorp® strategic alliance is another example of IBM's commitment to go-to-market with leading independent software vendors through the PartnerWorld for Developers program (www.developer.ibm.com). Under this initiative, IBM® has signed agreements with companies such as Siebel Systems, Vignette, PeopleSoft, i2 and Ariba. These alliances target industries such as financial services, retail, and manufacturing, and solution segments including enterprise resource planning, supply chain management, customer relationship management and with the addition of Systemcorp®, enterprise project and portfolio management.

A History Of Working Together
Systemcorp has had formal relationships with IBM® pSeries™ and xSeries™. Today's announcement enhances the key relationship allowing IBM® and Systemcorp® the ability to jointly deliver complete solutions, including hardware, software and services to customers.

PartnerWorld for Developers also offers the IBM® e-business Software Strategy, a technology roadmap based on industry standards that helps developers integrate Internet technologies with traditional information technology.

About IBM® PartnerWorld for Developers
PartnerWorld for Developers is the developer resource for IBM® Business Partners. It is a worldwide program designed to help software developers reach broader markets, lower their costs of doing business, and take their products to market faster. For more information, visit http://www.ibm.com/partnerworld/developer, or call 1-800-627-8363 in North America, 1-770-835-9902 outside North America.

About IBM®
IBM® is the world's largest information technology company, with 80 years of leadership in helping businesses innovate. IBM® works with companies of all sizes around the world to deploy the full range of IBM® technologies. The fastest way to get more information about IBM® is through the IBM® home page at http://www.ibm.com.

About Systemcorp®
Systemcorp®, a privately held corporation, is a recognized leading developer and provider of real-time web-centric solutions for Enterprise Project and Portfolio Management (EPM). Whether it's New Product Development, Software Development, managing IT or the Project Office, PMOffice™ is the preferred software application to qualify and organize all projects into portfolios and align people, projects, and priorities across all programs.

About MDEX Corporation
MDEX provides mobile and wireless solutions which allow businesses and individuals to increase their productivity and efficiency. MDEX products and solutions provide organizations with the ability to extend any corporate legacy application to any mobile device, and access relevant information anywhere at any time. Additional information can be found at www.mdexcorp.com

About PMOffice™
Systemcorp's PMOffice™ is the Enterprise Project Portfolio Management solution to automate all your projects, people and methodologies across the entire Organization. Companies can organize all projects into portfolios, and instantly track all project deliverables, budgets, tasks, changes, risks and issues from one central location. The capacity and resource-planning module optimizes skill usage and ensures that all critical resources are productively aligned with high priority projects. By integrating all project areas in one software solution, PMOffice™ enables your globally dispersed teams to communicate, collaborate, report on and track project time, costs, progress and team performance over a secure web connection.

By leveraging PMOffice's powerful Portfolio Viewer, Project Executives and Managers can generate real-time multi-dimensional views, graphs and reports to optimize the performance of their investments. Using PMOffice™, organizations can finally think and run their departments like a successful business.

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