Sagent Awarded $10M Requirements Contract by DoD

Sagent Technology Inc, a leading provider of Real-time e-Business Intelligence solutions, announced a five-year requirements contract to provide software and professional services with a potential value of $10 million to a customer base of worldwide DoD Commands and Activities. Using the Sagent Solution, subscribing U.S. Army Commands and Installations can now make smarter mission-critical decisions because they have access to a consolidated view of their most current operational data.

Using the Sagent Solution, Army organizations are able to rapidly compile information from their disparate internal legacy data sources and automatically deliver that consolidated information to Commanders, managers and resource analysts via the Web. The U.S. Army Communications Electronics Command, Software Engineering Center-Meade, the initiator of the contract and the developer and implementer of the Army's Financial Management Information System (FMIS), has provided these organizations the ability to view operational data from their financial, acquisition, logistics, personnel and payroll systems from a browser. Through the integration of FMIS design concepts and the Sagent Solution, Commanders and managers are no longer dependent on functional experts to interpret data, because they can instantly obtain accurate, up-to-date budget to actual data via the Web.

"The public sector is under endless stress to do more with less. Nowadays, governmental agencies are seeking innovations in the way in which they manage, allocate and utilize information," said Martin Johnson, Director, Software Systems, U.S. Army Communications Electronics Command, Software Engineering Center-Meade. "The Sagent Solution answers this call with its flexibility to gather information from various sources, build reports within the same user interface and automate the process."

"Our agreement with the U.S. Department of Defense and Army underscores the strength of Sagent's analytic applications by providing rapid information analysis and delivery applications throughout the DoD, as well as the opportunity to do so with other federal and state government operations," said Ben C. Barnes, president and CEO, Sagent.

About Sagent Technology

Sagent delivers an open, scalable solution that addresses the complete life cycle for e-business intelligence, including development, production and ongoing management of a company's information assets. The Sagent Solution allows businesses to collect and analyze customer and operational data from existing systems and to incorporate the most current geographic, business-to-business and demographic information from third-party content providers in real time. This information is then made available over the Web via a secure connection to create precise one-to-one marketing campaigns, identify profitable sales opportunities, and improve operational efficiencies.

Sagent Technology powers more than 1,200 customer-driven organizations around the world and across such diverse industries as e-commerce, financial services, insurance, healthcare and telecommunications. Sagent enables such market leaders as Allstate, GE Capital, Sony Online Entertainment, MapQuest.com, Outpost.com, Ticketmaster, Kemper National Insurance, Royal & SunAlliance, United Healthcare, Siemens, BP Amoco, British Telecom and AT&T to win, retain and grow customers. Sagent retains strategic relationships with ADP, Advent, Commerce One, Compaq, EDS, HAHT Software, IBM, Interpath, Microsoft, SAIC, Sequoia Software and Siebel. Sagent is headquartered in Mountain View, California, and can be reached at www.sagent.com.

Contact Michael A. Piotrowski, Sagent Technology Inc, 727-725- 9727, mpiotrowski@sagent.com or Dwight Holing, GCI Group, 415-512-6800, dholing@gcikamersinger.com.