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Account4 Provides IT Management Software for Verizon

Newton, MA – June 27, 2001 – Account4, pioneer of Web-based Professional Services Automation (PSA) solutions, announced that Verizon's International Business Support Services (IBSS) is utilizing Account4® software to integrate time reporting with project tracking, manage affiliate work requests, and streamline internal core processes. Verizon International conducted a comprehensive evaluation of PSA providers before deciding Account4 was best suited for its project management needs.

Verizon IBSS has grown significantly since the GTE and Bell Atlantic merger. The group found it necessary to take a consolidated, project-oriented approach to its activities. Account4 will provide a global view of all work and enable Verizon IBSS to accurately track costs and value against budgets.

Account4 software provides flexible architecture — a major differentiating factor over other PSA solutions, since it can be customized to match the user's specific IT requirements. The Account4 customization team fully tailored Verizon's solution within 20 days, a feat made possible through the software's unique thin-client architecture.

"This signing of a leading global telecommunications player serves as a testament to the functionality and flexibility of the Account4 PSA solution," said Dick Artus, Senior VP of Marketing, Account4. "We look forward to working with Verizon to fully optimize IT business processes — beginning with the rapid implementation of Account4 software."

About Account4:
Account4® software is a complete PSA solution for professional services organizations (PSOs) and corporate information technology (IT) departments. It supports the core business processes associated with Business Development, Service Delivery and Administration, and helps these organizations successfully manage projects and increase the utilization, productivity, effectiveness, and retention of their workforces. Account4 was the first fully integrated, 100% Internet-based PSA solution. It offers a pure HTML user interface with no Java or ActiveX. For more than 14 years, Account4, Inc. (www.account4.com) has provided software and related consulting services to over 175 companies and more than 325,000 licensed users. Our premier customer base includes: Verizon, Kmart, SGI, Radio Shack, NSTAR, Mellon Bank, The Hartford, Chase Manhattan, CNA Insurance, INTRIA-HP, ConEdison, Viacom and FileNET.

Press Contacts: Account4

Jay Hakansson
(617) 964-1633 x237
jhakansson@account4.com
Jim McGeady
(617) 964-1633 x242
jmcgeady@account4.com

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