Deloitte Consulting and Integral Announce Strategic Alliance to Streamline Integration to CFOWeb.com

Business Wire, Jan 17, 2000

Business Editors

PALO ALTO, Calif.--(BUSINESS WIRE)--Jan. 17, 2000

Deloitte Consulting, a leading professional services firm, and Integral, a leading provider of business-to-business e-commerce solutions for capital markets, today jointly announced a worldwide strategic alliance. The alliance is aimed at providing financial institutions with seamless integration to CFOWeb.com (www.cfoweb.com) the first business-to-business e-commerce portal for capital markets. CFOWeb.com gives investment banks and financial services providers an immediate online presence, dramatically increased deal flow, lower costs and expanded geographic reach.

Deloitte Consulting will work directly with investment banks and financial services providers to develop comprehensive strategies and plans to integrate with CFOWeb.com. Integral offers several CFOWeb.com connectivity options to best suit each provider's business model and internal systems. Consultants from Deloitte's industry leading capital markets and e-commerce practices will ensure that integration to CFOWeb.com complements the institution's existing e-commerce strategies.

With CFOWeb.com, financial services providers can take advantage of the increasing opportunity presented by Internet delivery of products that is impacting nearly every vertical market. Participation in CFOWeb.com enables providers to either augment their own existing e-commerce site or to leverage CFOWeb.com as a rapid time-to-market e-commerce alternative. The innovative portal dramatically increases financial services providers' deal flow, can reduce their costs and allows them to offer their products to a wider range of prospective customers, regardless of company size or location, in a dynamic online environment.

"Integral has established a clear advantage as the first-mover in e-commerce for capital markets," said Jeff Farin, Managing Director, DeloitteConsulting.Com. "The synergy between Deloitte Consulting's e-commerce practice and the opportunities presented by CFOWeb.com make this alliance a compelling option for financial institutions."

"Partnering with industry leaders such as Deloitte Consulting furthers the development of CFOWeb.com as a collaborative network that brings benefits to both members and providers," said Harpal Sandhu, president and CEO, Integral. "Streamlining the integration to CFOWeb.com gives providers an immediate online presence and puts them directly in touch with existing and prospective customers."

About Deloitte & Touche

Deloitte & Touche, a leading professional services firm, provides global management consulting services in both capital markets and e-commerce through dedicated teams of experts. The firm has dedicated specialists in both capital markets and e-commerce and has assisted numerous financial institutions on a global basis. Deloitte recently formed DeloitteConsulting.Com, a dedicated business unit exclusively focused on e-commerce.

About Integral/CFOWeb.com

Integral is a leading provider of business-to-business e-commerce solutions for capital markets, including CFOWeb.com (www.cfoweb.com), the first business-to-business e-commerce portal for capital markets. CFOWeb.com is the financial services industry's first portal site that provides corporate treasurers and fund managers with a single source for independent third party valuations, indicative pricing, portfolio analysis and management and online trading of capital markets financial products. Integral has a history of developing capital markets financial software, including trading and risk management systems for customers such as JP Morgan, Merrill Lynch, Canadian Imperial Bank of Commerce and Citibank. Founded in 1993, Integral is privately held. Investors include Accel Partners, a leading Silicon Valley venture capital firm (www.accel.com). Headquartered in Palo Alto, Integral has offices in New York, London, and Munich. For more information, visit the Integral web site at www.integral.com

CFOWeb.com is a registered service mark of Integral Development Corp. CFOWeb.com is not intended for individuals, and is subject to all applicable laws & regulations. CFOWeb.com Members trade directly with Providers, and neither CFOWeb.com nor Integral Development Corp. are parties to the online trading of financial products.