Siemens Power Generation Signs Changepoint to Automate Its Global IT Support Team; Changepoint's Software to Enable Integration and Automation of IT Business Processes

Business Wire, April 3, 2003

Business Editors/High-Tech Writers

TORONTO--(BUSINESS WIRE)--April 3, 2003

Changepoint Corporation, a leading provider of Web-based business process automation solutions for services organizations, today announced that Siemens Power Generation has selected Changepoint to manage and automate business processes within its IT function.

The deployment, which is scheduled for completion by July of this year, will initially see half of Siemens Power Generation's 1000-strong IT support team using Changepoint's Professional Services Automation (PSA) solution Changepoint 8.0.

The Power Generation Group (PG) of Siemens AG is one of the premier companies in the international power generation sector. In fiscal 2002, Siemens PG posted sales amounting to EUR9.4 billion and received new orders totaling EUR10.6 billion. On September 30, 2002, Siemens PG had a workforce of approximately 26,000 worldwide. The move to implement a PSA solution at Siemens Power Generation was fueled by the need to streamline business and IT processes following the acquisition of the U.S. power company Westinghouse in 1998. Siemens Power Generation is deploying Changepoint in order to gain visibility of both IT resources and current projects across the organization where it will be integrated with SAP.

"This is another landmark deal for our European expansion and our increasing presence in Germany," said Ayman Gabarin, VP EMEA for Changepoint. "Siemens Power Generation's decision to deploy Changepoint validates the maturity and depth of our solution and highlights both the need and opportunity that exists for PSA within the IT function of leading global 1000 companies, particularly as they look to enhance operational and financial performance."

About Changepoint Corporation

Changepoint Corporation provides global services organizations and corporate IT departments with business process automation software to improve efficiency and provide total visibility into operations, enabling the proactive management of operational and employee performance. Leading services organizations choose Changepoint for its unmatched breadth, depth and integration.

Headquartered in Canada, Changepoint has offices in the United States, United Kingdom and France. For additional information, visit our web site www.changepoint.com

NOTE TO MEDIA AND ANALYSTS: All Changepoint news releases are available on the Internet, via the Changepoint Corporation Web site at http://www.changepoint.com. Screenshots are also available on Changepoint's Web site. Additional information on Changepoint can be accessed on-line, and by sending email to sales@changepoint.com or calling 1-905-886-7000.