Business Services Industry

Navigant Consulting and Ecteon Join Forces to Provide Contract Management Solutions to Utility Customers

Business Wire, March 3, 2003

Business Editors

CHICAGO--(BUSINESS WIRE)--March 3, 2003

Navigant Consulting, Inc. (NYSE:NCI), a specialized independent consulting firm, and Ecteon, the premier contract management software solution provider, today announced a joint marketing agreement to offer contract management software and services to utility customers. By joining forces, Navigant Consulting and Ecteon combine best practices in contract management solutions with years of consulting experience and services to the utility sector.

"Ecteon provides clients with the best contract management solution on the market today," stated Ron Nichols, Senior Managing Director of Navigant Consulting's Energy & Water business. "By working with Ecteon, we can offer our utility clients state-of-the-art software solutions to help control their contracting processes and strengthen their performance in managing contract obligations. Power generation, transmission, natural gas pipeline, local gas distribution and other utility industry companies have to manage complex, long-term contracts--so our combined solutions will help these companies implement and maintain best practices in contract documentation, compliance, audits and long-term tracking. Better contract compliance will mean saved dollars."

Ecteon has developed one of the world's leading contract management software systems that includes best-in-class software tools and accompanying training and assistance to optimize the productivity of contract managers and the contract management process. Navigant Consulting brings deep energy industry expertise, advanced technical skills, and a thorough understanding of the issues that utility companies face in today's changing marketplace.

"Given Navigant Consulting's extensive experience and large client base in the utility industry, we welcome this opportunity to work together," said Lonnie Blackwood, President, Ecteon. "Because Navigant Consulting already has extensive experience in helping its customers design and implement process and system improvements, including contract management processes, together we can help these organizations strengthen their approach to deal with the increasing pressures they face to meet contract requirements in a timely way."

For additional information about these contract management software and service solutions, please contact: Michael McCreery at Navigant Consulting, (916) 631-3200, or Jeffrey Savage at Ecteon, Inc., (801) 798-7745.

About Navigant Consulting

Navigant Consulting, Inc. (NYSE:NCI) is a specialized independent consulting firm providing litigation, financial, restructuring, strategic and operational consulting services to government agencies, legal counsel and large companies facing the challenges of uncertainty, risk and distress. The Company focuses on industries undergoing substantial regulatory or structural change and on the issues driving these transformations. "Navigant" is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI's use of "Navigant" is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at www.navigantconsulting.com.

About Ecteon

Ecteon is the maker of Contraxx, the premier enterprise contract management solution. Since 1986, contract management professionals have looked to Contraxx as a means of reducing risk, increasing productivity, and tracking opportunities. By focusing on flexibility, functionality, and usability, Ecteon helps contract managers get their solutions on-line more quickly and allows them to keep pace as their company's contract management needs grow and change. Ecteon customers include Global 2000 and leaders in a wide variety of industries. Ecteon is headquartered in Brentwood, Tennessee, with offices in New York, Chicago, and Salt Lake City.

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COPYRIGHT 2008 Gale, Cengage Learning
 

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