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Chordiant Software Named to Software Magazine's 19th Annual Software 500Software Magazine Ranks Chordiant as One of the World's Largest Software CompaniesCUPERTINO, Calif.---Aug. 6, 2001--Chordiant Software, Inc. (Nasdaq:CHRD - news), a leader in Unifying Customer Relationship Management (CRM) Solutions, today announced the company is now listed in the Software 500, Software Magazine's list of the world's foremost software and services providers, featured in the publication's June/July 2001 issue. Chordiant Software was ranked 25th out of the software companies focusing on CRM, and among the top 300 largest worldwide software companies with Year 2000 software revenue of $33.7 million.Chordiant recently announced its financial results for its second quarter ended June 30, 2001. Total net revenues for the second quarter of 2001 were $18.5 million, up 151 percent from the $7.4 million reported for the second quarter of 2000. Chordiant also reaffirmed its previously stated outlook of anticipating total net revenues ranging from $70 million to $75 million for full-year 2001 and expects operating and cash break-even in the first half of 2002. Software Magazine's annual compendium of software and services suppliers catalogs the ranking, financial performance and growth, and primary business sector for each company as well as trend information for the Software 500 as a whole. The Software 500 is a comprehensive look at the enterprise software landscape, encompassing both public and private companies that develop business software and services. The ranking is based on total worldwide software and services revenue for 2000. Suppliers are not ranked on their total corporate revenue, since many have other lines of business. Software revenue includes license fees, as well as maintenance and support revenue, professional services/consulting, and custom programming. The financial information is based on the calendar year and was gathered from Software Magazine's vendor survey, public documents and industry analysts. ``Despite all the dot-com casualties, the Internet continues to change the way we do business and software plays a critical role,'' says John Desmond, Software Magazine's editorial director. ``The CIOs, senior IT and e-business managers who read Software Magazine value this yearly benchmark of the standing of their product and service partners. Each year as suppliers consolidate and new markets emerge, the composition of the Software 500 ranking reflects those changes.'' A complete list of this year's Software 500 financial ranking and alphabetical list can be found at www.softwaremag.com. This year, registered users can search and sort the entire list by primary business category ``The Software Magazine ranking is both an honor and an indicator of our leadership momentum in delivering ICIM (Intelligent Customer Interaction Management) and eMarketing, eSelling and eServicing software to Global 1000 companies in the financial services, banking, insurance, telecommunications and consumer direct markets,'' said Sam Spadafora, Chordiant Chairman and CEO. ``Chordiant's growth is an indication of Global 1000 companies' requirement for a complete, flexible, enterprise-class CRM solution that successfully helps service millions of customers and many products, to provide higher customer retention and ROI.'' About Software Magazine and Wiesner Publishing LLC Software Magazine reaches 72,000 CIOs and senior IT managers in mid- to large-size organizations. Editorially the magazine is focused on the top 10 business priorities of its audience as determined by leading industry research firms. The magazine is a field guide to the products and services available to help its readers create a short list of vendors to consider for solving business problems. The BPA-audited magazine has a controlled print circulation of 72,000. Privately-held, Wiesner Publishing, Englewood, Colo., publishes 11 magazines. About Chordiant Software Inc. Heavily represented by the financial services, telecommunications and travel industry sectors, Chordiant's clients typically have more challenging environments for e-Selling and e-Servicing, due to the complexity of decisions involved in completing a purchase and the higher average monetary value of such transactions. Chordiant Software, Inc. (www.chordiant.com) delivers a Unifying Customer Relationship Management (CRM) solution based on Chordiant's branded platform strategy, the Intelligent Customer Interaction Management (ICIM) platform. Chordiant's ICIM platform provides highly scalable building blocks for developing and integrating flexible CRM solutions into customers' existing enterprise-wide systems. No matter how consumers choose to communicate with the enterprise -- through branch locations, Web, e-mail, telephone, or wireless access the Chordiant Unified CRM Solution provides a real-time, single view of each customer and a consistent, personalized process for every interaction. It includes a comprehensive business process engine, which allows companies to implement best business practices across multiple touchpoints. As a result of Chordiant's sophisticated Marketing Automation Business Services, marketers can maximize their ROI through the creation, execution and refinement of sophisticated direct marketing initiatives that span both traditional and online channels. Chordiant empowers high-value contacts designed to retain customers, grow revenues and drive profits during every contact. Headquartered in Cupertino, Calif., Chordiant maintains offices in Boston; Chicago; Dallas; Manchester, New Hampshire; New York; London and Brentford, U.K.; Amsterdam; Paris; Munich; and Sydney and Melbourne, Australia. Safe Harbor This news release includes ``forward-looking statements'' that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. Forward-looking statements in this release are generally identified by words such as ``believes,'' ``anticipates,'' ``plans,'' ``expects,'' ``will,'' ``would,'' and similar expressions which are intended to identify forward-looking statements. There are a number of important factors that could cause the results of Chordiant to differ materially from those indicated by these forward-looking statements, including, among others, potential difficulties in the assimilation of operations, strategies, technologies, personnel and products of acquired companies and technologies, the impact of perceived or actual weakening of economic conditions on customers' and prospective customers' spending on Chordiant software and services; quarterly fluctuations in Chordiant's revenues or other operating results; failure by Chordiant to meet financial expectations of analysts and investors, including failure resulting from significant reductions in demand from earlier anticipated levels; risks related to market acceptance of Chordiant's products; customization and deployment delays or errors associated with Chordiant products; impact of long sales and implementation cycles for certain Chordiant products; reliance by Chordiant on a limited number of customers for a majority of its revenues; Chordiant's need to retain and enhance business relationships with systems integrators and other parties; Chordiant's use in its products of third-party software; activities by Chordiant and others regarding protection of intellectual property; and competitors' release of competitive products and other actions. Further information on potential factors that could affect the financial results of Chordiant are included in risks detailed from time to time in Chordiant's Securities and Exchange Commission filings, including without limitation Chordiant's report on Form 10-Q for the quarterly period ended March 31, 2001, as filed on May 15, 2001 and the Annual Report on Form 10-K filed on March 27, 2001. These filings are available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. Chordiant does not undertake an obligation to update forward-looking or other statements in this release. Note to Editors: Chordiant and the Chordiant logo are registered trademarks and Chordiant Unified CRM for Extreme Demands is a trademark of Chordiant Software Inc. JX Architecture is a trademark of Chordiant Software Inc. All other trademarks and registered trademarks are the properties of their respective owners. Editorial Contact: James Strohecker Chordiant Software 408-517-6191 james.strohecker@chordiant.com top of page |
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