Dresser Chooses Vigilance for Supply Chain Process Management; Vigilance Improves Business Process Execution to Bring Efficiency to the Energy Industry

Business Wire, June 11, 2001

Business Editors/High-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--June 11, 2001

Vigilance, Inc., the leading provider of supply chain event management software (SCEM), today announced that Dresser, Inc., a worldwide leader in the design, manufacturing and marketing of highly engineered equipment and services for the energy industry, has chosen Vigilance to meet current marketplace expectations for the timely fulfillment of customer orders. Vigilance's complete suite of SCEM solutions enables Dresser with real-time notification and resolution of business problems that captures all aspects of the manufacturing cycle, which translates into improved processes and reduced operations costs.

"Vigilance's SCEM technology gives us another set of eyes to monitor exceptions and provide actionable insight throughout our entire organization," said Walt Albright, Director of Information Technology, at Dresser Inc. Flow Control Division (formerly Dresser Valve). "Our managers and key employees are alerted to supply chain process problems in real-time, helping us turn those issues into opportunities. They are able to stay on top of events as they occur and get a handle on the critical issues of the day -- inventory, costs, late orders -- in order to improve efficiency. This has resulted in our being proactive instead of reactive to customer needs."

In the supply chain process, timely fulfillment of made to stock orders is often hampered by late or missing raw materials and the added cost of managing high inventory levels. Dresser chose Vigilance for its cost-cutting detection and resolution systems to improve both supplier management and manufacturing cycles. Vigilance helped Dresser speed up its time to market in Dresser's flow control division, with plans for expansion into other operations.

"In today's economy, the ability to effectively respond to the ever-quickening speed of commerce is a market expectation, not an option. Business success demands on meeting promised schedule dates without fail," said Dr. Jon Golovin, Vigilance co-founder and CEO. "Vigilance is providing a fully automated, real-time SCEM solution that allows companies to quickly see bottom line benefits."

Vigilance's relationship with Dresser positions Vigilance as a technological leader for providing automated solutions to the energy market. Dresser's customers are key players in markets including the oil and gas production, chemical, paper, steel, mining and power generation industries.

About Dresser, Inc.

Headquartered in Dallas, Texas, Dresser, Inc. is a worldwide leader in the design, manufacture and marketing of highly engineered equipment and services sold primarily to customers in the flow control, measurement, and power systems segments of the energy industry. Dresser has a widely distributed global presence, with over 8,500 employees in over 100 countries worldwide. The company's website can be accessed at www.dresser.com.

About Vigilance, Inc.

Vigilance sells the first complete supply chain event management system that enables cross-enterprise collaboration on both the front and back ends of organizational business processes. Founded in 1998 by Dr. Jonathan Golovin and Subhash Tantry, the company is known for its quickly implemented Solution Value Implementation that identifies ROI in the first 90 days. The Vigilance client list includes Fortune 1000 companies such as 3Com, Seagate Technology, Compaq Computer Corporation, Dresser Industries, and Castrol Industrial North America. Vigilance is headquartered in Sunnyvale, Calif., with offices across the United States and a European headquarters in the U.K. More information about Vigilance can be found at www.vigilance.com.