Nextance Hosts Customer Advisory Board to Shape Future of Enterprise Contract Management Market; Participants Include Sun, Boeing, Countrywide Home Loans, Others

Business Wire, April 12, 2005

REDWOOD CITY, Calif. -- Nextance Inc., the solutions provider setting the standard for enterprise contract management (ECM), today announced the formation of its Customer Advisory Board, comprised of top customers and market leaders from Nextance's growing list of global deployments. The forum is designed for Nextance and its customers to share best-practices and play a leadership role in evolving the industry, as ECM continues to be a top priority on executive and business agendas.

Nextance is hosting its inaugural Customer Advisory Board on April 12 and 13, 2005 in San Francisco. Participants in this invitation-only event include market innovators such as Sun Microsystems, Boeing, Fireman's Fund, Sempra Energy, EFI, Countrywide Home Loans, Cytyc Corporation, Wyeth and others. These Nextance customers were selected across industries for their vision in recognizing the unique value ECM plays in the success to the Opportunity-to-Cash and Requisition-to-Pay business cycles - from risk management and compliance to customer satisfaction to employee productivity to revenue assurance.

As the ECM industry and Nextance's Advisory Board rapidly grow in size and sophistication, customer-driven insights will continue to be a key catalyst for future market expansion and innovation. Nextance's collaboration with its customers, therefore, will help shape next-generation, market-relevant solutions and build on the company's history of thought leadership.

"We're excited and grateful for this opportunity to drive the industry with such a diverse and forward-thinking group," commented Kyle Bowker, president and chief executive officer of Nextance. "These summits will help us further extend our product leadership, staying ahead of competitors and market trends. They also ensure we stay in close touch with customer needs, building the strongest relationships to help drive their success."

About Nextance Inc.

Nextance is setting the standard for enterprise contract management (ECM) solutions, helping Fortune 1000 companies increase the strategic value and realize the full financial return of their contractual relationships. Using Nextance to carefully manage your relationships by managing your contracts helps to increase profitability, better relationships with customers, vendors, and partners, improve employee productivity, and decrease business and financial risk. Nextance customers, including Covenant Health, Eastman Chemical Company, Fireman's Fund, Genzyme Corporation, Sasol, and Sun Microsystems, are using the Nextance Intelligent Enterprise every day throughout their business to tap into the value that's written into every one of their thousands of sales, procurement, IP licensing, and partner agreements. Nextance is based in Redwood City, CA, and is privately held. For additional information, visit www.nextance.com.

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