"This acquisition is a milestone in the growth of MITEM's business. The Cornerstone team has demonstrated tremendous technical ability, ethical business practices, and a seemingly myopic focus on customer success. As an enterprise software company, it is important that our customers and business partners can turn to MITEM for implementation support. With the acceleration that the Cornerstone acquisition gives us, we expect this new group to have an immediate, positive effect in the MITEM community."

Aurel Kleinerman
CEO
MITEM


 
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MITEM Corporation Acquires Cornerstone Consulting Company

Creation of new MITEM Professional Services Group to supply expert MitemView services

MENLO PARK, CA (20 March, 2000) - MITEM Corporation today announced the purchase of the Cornerstone Consulting Company. Cornerstone Consulting, headquartered in Springfield, MA, has provided expert MitemView programming, mentoring and training services to over thirty MITEM customers. The Cornerstone business forms the basis of a new MITEM Professional Services Group. The Cornerstone name will be retired. Larry White, Cornerstone's Founder and CEO, has been appointed as MITEM's Vice President of Professional Services.

MITEM's new Professional Services Group will support end-user customers and business partners alike. By making MitemView experts available on a contract basis, MITEM can address the resource management challenges that high-growth markets often experience. Also, a Professional Services Group - working closely with the MITEM Engineering Group - enables MITEM to move more rapidly into emerging markets by defining and delivering complete customer solutions.

"We have enjoyed an outstanding relationship with MITEM during the past nine years," said Larry White, Founder and CEO of Cornerstone Consulting Company. "It is very exciting to join an organization that not only has industry leading products, but shares our vision and principles." he stated.

"This acquisition is a milestone in the growth of MITEM's business. The Cornerstone team has demonstrated tremendous technical ability, ethical business practices, and a seemingly myopic focus on customer success," said Aurel Kleinerman, CEO of MITEM Corporation. "As an enterprise software company, it is important that our customers and business partners can turn to MITEM for implementation support. With the acceleration that the Cornerstone acquisition gives us, we expect this new group to have an immediate, positive effect in the MITEM community." continued Kleinerman.

Contact:


MITEM Corporation
Andy Nelson
650.323.1500
pr@mitem.com

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