CSAA Selects Corio Applications on Demand 2005(TM)
AAA Affiliate Extends Contract With Corio
SAN CARLOS, Calif., Jan. 11 -- Corio, Inc. ( http://www.corio.com/press ), a leading enterprise application service provider, today announced that the California State Automobile Association (CSAA) has extended its contract with Corio Applications on Demand 2005(TM).
(Logo: http://www.newscom.com/cgi-bin/prnh/20031231/CORIOLOGO )
CSAA is the AAA affiliate serving over 4 million members in Northern California, Nevada and Utah. Since 2001, Corio has managed CSAA's customer analytic application through Corio Applications on Demand 2005(TM) and the Corio Full Service delivery model. CSAA's decision to extend its contract reaffirms its confidence in the Corio Applications on Demand 2005(TM) platform and the methodology of software as a service.
Corio Applications on Demand 2005(TM) is a service with over one quarter million subscribers that delivers enterprise applications from leading independent software vendors. Customers 'pay-as-you-go' and avoid expensive upfront project and infrastructure costs. Applications on Demand 2005(TM) reduces the cost and complexity of enterprise systems and delivers compliance to new control objectives dictated by Sarbanes-Oxley. Backed by industry leading service level guarantees (SLA's), Corio Applications on Demand 2005(TM) simplifies enterprise application management through automation and reduces cost overall.
"Corio has consistently demonstrated its commitment to us as a customer," said Randy Lamont, Director Customer Information and Analysis at CSAA. "Our customer analytic application is managed through this monthly service and we are able to focus on our customers."
"For four years, Corio has a demonstrated a strong value proposition at CSAA," said John Ottman, executive vice president of Worldwide Markets at Corio. "We are proud of the success of our partnership with CSAA."
About Corio, Inc.
Corio, Inc. is a leading enterprise application service provider (ASP). Corio Applications on Demand 2005(TM) is an operational platform that delivers enterprise applications from leading software vendors as a service. Corio provides infrastructure, applications management, professional services and Corio iSRVCE(TM) technology resource management (TRM) software. Corio guarantees system reliability through service level agreements (SLA's) and allows customers to 'pay-as-you-go,' minimizing upfront project costs, improving return on investment (ROI) and reducing IT cost overall. Corio Applications on Demand 2005(TM) is available for a monthly fee. Additional information about Corio is available at http://www.corio.com/ .
About California State Automobile Association (CSAA)
The California State Automobile Association (CSAA), the second-largest affiliate of AAA, serves 4.2 million members in Northern California, Nevada and Utah. Established in 1902, AAA offers a wide array of automotive, travel, insurance and financial services and is a not-for-profit, fully tax-paying federation of 81 motor clubs with more than 1,100 offices, serving 45 million members nationwide. Additional information about CSAA and AAA is available at ( http://www.csaa.com/ ).
Corio(R) and SRVCE(R) are registered trademarks of Corio, Inc. Applications on Demand(TM), Applications on Demand 2005(TM) and iSRVCE(TM) are trademarks of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners.
FORWARD-LOOKING STATEMENTS:
Matters discussed in this release involving expectations, beliefs, plans, projections, intentions, future events or strategies are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and are made under their safe-harbor provisions. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements herein include statements regarding the services to be provided by Corio to CSAA, the extension of Corio's contract with the CSAA, the ongoing provision of the services, the benefits of Corio's relationship with CSAA to Corio and to CSAA, and the benefits of Corio's services and Applications on Demand 2005(TM) and Corio's Full Service(TM) delivery model to customers generally and to CSAA in particular. Some of the specific factors that may cause actual results to differ include: the fact that Corio operates in a relatively new industry with a rapidly-evolving business model, the fact that the structure of relationships may change and relationships may terminate, the fact that services related to information technology can be challenging, and Corio's ability to adapt its services for rapidly changing and complex technology and to different requirements. Additional risks that could cause actual results to differ materially from those projected are discussed in our public filings with the Securities and Exchange Commission which are available at the Securities and Exchange Commission's website ( http://www.sec.gov/ ). Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Corio undertakes no obligation to publicly release the results of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, and Corio shall have no duty to update statements made herein.
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