Philips Chooses Snippets for Global Corporate Portal Deployment; Snippets' Next Generation Portal Functionality Used for Faster, Easier Access to Critical Business Information

Business Wire, Oct 4, 2000

Business Editors/High Tech Writers

PLEASANTON, Calif.--(BUSINESS WIRE)--Oct.4, 2000

Snippets(R), the leading developer of platforms for dynamic information delivery, today announced that Philips Components, a multi-billion dollar global division of Royal Philips Electronics, will deploy a business-to-employee portal based on Snippets technology across its organization in the USA, Europe and Asia.

Initially, the management team for the Emerging Electronic Solutions and Flat Display Systems Groups will use the portal for internal communications, accessing real-time financial data, key performance indicators, and industry information from various internal and external data sources. The Snippets-powered corporate portal is designed to save time and increase productivity by automatically monitoring important information and proactively alerting employees as soon as any information changes.

"We are thrilled that Philips Components selected Snippets' software platform for their corporate portal," said Greg Millar, Snippets CEO and co-founder. "The Components Division has thousands of employees working together on a global level. Our technology will ensure that all employees are delivered the information they need as soon as they need it."

Commenting on the new portal, Matt Medeiros, President and CEO of Philips Components indicated, "we have a global and distributed management team and work force. Snippets is an excellent tool for us to quickly get information to people and interact with one another, no matter the time zone. The portal enables global productivity in a way we've never achieved before."

About Snippets

Snippets creates platforms and tools for the delivery of dynamic information for Business-to-Employee (B2E), Business-to-Business (B2B) and Business-to-Consumer (B2C) solutions. Through an unobtrusive desktop dashboard that operates independently of the browser, the Snippets software provides a direct and continuous pipeline to dozens of sources of information simultaneously, with automatic updates and alerts when any of that information changes. Snippets was founded in 1998 and is a privately held company based in Pleasanton, California. For more information on Snippets' product and solutions, visit www.snippets.com.

About Philips Components

Philips Components is a major division of Royal Philips Electronics and a leading supplier of integrated digital electronic solutions in the areas of display, storage, wireless communications and power management to global customers in the Consumer Electronics, EDP, Telecom and Automotive industries. Philips Components can be considered as the world leader in display applications based on CRT, LCD and Plasma technology. In the area of storage all major PC and audio/video set-makers use Philips drives, subassemblies and components. 'Enabling Internet Everywhere' is the challenge for the future and today the company is expanding from power management and wireless connectivity products into new solutions for the smart handheld consumer products of the future. Philips Components employs around 40,000 people in 39 countries and comprises four global business groups: Emerging Electronic Solutions, Flat Display Systems, Display Components and Optical Storage. More information on the company can be found at www.components.philips.com.