EXHIBIT 99

FOR IMMEDIATE RELEASE
Contacts:   John L. Westermann III                      W. Daniel Johnson
            Vice President and Chief                    Sr. Vice President
            Financial Officer                           Hogan Systems, Inc.
            The Continuum Company, Inc.                 214/788-7933
            512/345-5700



            THE CONTINUUM COMPANY AND HOGAN SYSTEMS AGREE
                     TO REVISED MERGER AGREEMENT
            ----------------------------------------------

The Continuum Company,  Inc.  (NYSE-CNU) and Hogan Systems,  Inc.  (NASDAQ-HOGN)
today announced a modification to the terms of their previously announced merger
agreement.  In that  agreement  each share of Hogan's  stock was to be converted
into the right to receive  0.355555  of a share of  Continuum  stock.  Under the
revised  agreement  each share of Hogan stock will be  exchanged  for 0.315 of a
share of  Continuum  stock.  This  revision to the merger  agreement  resolves a
dispute  between the two companies  that arose after Hogan reported third fiscal
quarter  operating  results for the period ended  December  31, 1995,  that were
substantially  less than expected by Continuum.  As part of the resolution,  the
parties have agreed that Hogan operating performance will not form the basis for
any further action to postpone, terminate or amend the merger agreement.

Continuum  and  Hogan  expect  to  distribute  proxy  materials  next  week  for
shareholder meetings to be held on or about March 15, 1996.

The  parties   also   announced   today  that  the  waiting   period  under  the
Hart-Scott-Rodino Antitrust Improvements Act of l976 has expired.

W. Michael Long,  Chief Executive  Officer of Continuum and Michael H. Anderson,
Chairman  and Chief  Executive  Officer  of  Hogan,  expressed  that the  merger
transaction is in the best interest of their  respective  shareholders and is in
the long term strategic interests of both companies.

Hogan  Systems,   Inc.   develops,   market  and  supports   integrated  on-line
applications  software  and related  services in use by more than 130  financial
institutions  in 20  countries.  The company  provides  sales and  support  from
offices in Australia,  United Kingdom,  and German as well as its Dallas,  Texas
headquarters.

The Continuum Company, Inc. is an international consulting and computer services
firm  headquartered  in Austin,  Texas with offices in 17 countries  serving the
needs of the global financial services industry for computer software services.


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