Foundation Technologies Named One of New England's Top 50 Fastest-Growing Technology Companies

Business Wire, June 30, 1998

BOSTON--(BUSINESS WIRE)--June 30, 1998--

Deloitte & Touche and Hale and Dorr to announce rankings

on September 9

Foundation Technologies, the leader in knowledgebase software for human resource and employee benefits call centers and intranets, has been named one of the 50 fastest-growing technology companies in New England by Deloitte and Touche, LLP and Hale and Dorr, LLP. The Waltham-based software developer also has been nominated for the National Technology Fast 500 which honors the 500 fastest-growing technology companies in the United States.

"We're very excited to be included in this prestigious group of New England companies," said Tod Loofbourow, chief executive officer of Foundation Technologies. "Recognition such as this further validates our strategy of offering employees a better way to get human resources information and it honors the choices our clients have made in making our Beneflex product the leader in online human resource knowledge."

Foundation Technologies' Beneflex(TM) product enhances its Fortune 2000 customers' internal HR and Benefits needs. Beneflex is a Web-based, client/server Microsoft Windows(R) application that is used in call centers and by corporate HR intranets to help answer employees' questions about their company's benefits and HR policies. The software's distinction is its ability to provide consistent, accurate, and personalized information through applied logic.

With interfaces built into the software, Beneflex integrates seamlessly with companies' enterprise resource planning systems such as PeopleSoft, Oracle, SAP and Lawson. This enables customers to take advantage of this new technology while preserving their investments in existing technology.

As sponsors of the 1998 New England Technology Fast 50, Deloitte and Touche and Hale and Dorr will honor the recipients and announce the rankings of this year's winners on September 9 at the Hyatt Regency in Cambridge, Mass.

Foundation Technologies, Inc., headquartered in Waltham, Mass., is the market leader in human resource knowledgebase software for providing personal, accurate, responsive answers to employee questions. The firm serves the Global Fortune 2000, including Ford, Sears, Allied Signal and Travelers. With a network of global alliance partners, Foundation Technologies supports customers with operations in North America, Europe and Asia. Foundation Technologies can be found on the Internet at http://www.foundationtech.com/.>NOTE TO EDITORS: Microsoft Windows is a registered trademark of Microsoft Corp.(NASDAQ:MSFT) in the United States and/or other countries. SAP (NASDAQ: SAPQY), PeopleSoft (NASDAQ: PSFT) and Oracle (NASDAQ: ORCL) are registered trademarks of their respective companies.

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