EXHIBIT 99.1
CONVERSION SERVICES INTERNATIONAL, INC. ACQUIRES ASSETS OF EVOKE SOFTWARE
CORPORATION
EAST HANOVER, N.J.--(BUSINESS WIRE)--June 29, 2004--Conversion Services
International, Inc. (CSI - The Center For Data Warehousing) (OTCBB: CSII;
"CSI"), a leading provider of management consulting, business intelligence and
data warehousing services and solutions for Global 1000 organizations and other
businesses, announced today that it acquired substantially all of the assets of
Evoke Software Corporation, the leading provider of data discovery, analysis and
profiling technology, for a combination of stock, cash and other forms of
consideration.
Evoke is a pioneer in data profiling, a critical process completed during every
data migration, data warehouse or quality assessment project, and now offers the
most comprehensive product in the market. The Evoke Axio(TM) Product Suite has
been used successfully in several hundred data integration, data migration, date
warehouse and data quality projects for companies including ABN AMRO, AT&T,
Agilent, AXA Financial, IBM, Williams-Sonoma, The Gap and Toyota USA.
Evoke Axio has been a strategic component of CSI's data warehousing methodology,
and CSI plans to support and fund the enhancement of the Axio platform as well
as the introduction of other complementary products to extend the platform in
the data quality arena. In addition, CSI will integrate Evoke's best-in-class
product suite into its Quality Management Office (QMO) offering, which leverages
"people, process and technology" to offer an unparalleled, comprehensive
solution to companies seeking to improve the quality, integrity and utilization
of corporate information assets. This has become a top priority for large
enterprises, information technology executives and business users.
Scott Newman, CSI's President, Chief Executive Officer and Chairman, stated, "We
are extremely pleased to complete this acquisition, our third strategic
transaction in less than five months. Evoke's data discovery, analysis and
profiling products have been integral to many of our data warehousing, business
intelligence, data migration and conversion projects. With the Evoke suite of
products under the CSI umbrella, we believe our sales force will leverage the
capabilities of our expanded offering. Additionally, Evoke's office in Germany
broadens our international presence, which now includes operations in the UK,
France, Spain and Turkey. We continue to focus on providing the top people,
processes and technologies to help clients optimize the use of business
intelligence within their organizations."
About Conversion Services International, Inc.
Conversion Services International, Inc. (CSI - The Center For Data Warehousing)
is a leading provider of a new category of professional services that embraces
IT management consulting, data warehousing and business intelligence consulting
solutions. CSI offers an array of products and services to help companies
define, develop and implement the warehousing and strategic use of both
enterprise-wide and specific categories of strategic data. CSI's current
customers include Verizon Wireless, Morgan Stanley, Pfizer, Goldman Sachs, Merck
and Standard & Poor's. Information about CSI - The Center For Data Warehousing -
can be found on the web at www.csiwhq.com or by calling its corporate
headquarters at 888-CSI-5036.
About Evoke Software Corporation
Evoke Software is the leading provider of data profiling software for Global
1000 enterprises. Data profiling is a critical process completed during every
data migration or quality assessment project. Evoke software provides automation
to this analysis process that had previously been done manually. Evoke solutions
are critical to any corporate IT infrastructure, as the foundation to the
deployment of strategic initiatives such as corporate databases and enterprise
systems like CRM, business intelligence and ERP. Evoke Axio(TM) enables
companies to identify and subsequently correct inconsistencies, redundancies and
inaccuracies in corporate databases before they cripple applications such as
SAP, Siebel, PeopleSoft and others. Evoke software reduces risk, accelerates
time to market and enables companies to exploit new opportunities. With the
promise of accurate data for Global 1000 enterprises, Evoke software provides
the digital fuel for the information economy. Evoke's customer list includes
AT&T, AXA Financial and FleetBoston. Based in San Francisco, California, Evoke
has a development lab in Austin, as well as sales and support offices throughout
the United States, England and Germany. For more information, visit
www.evokesoft.com.
Note on Forward-Looking Statements
Statements contained in this press release, which are not historical facts, are
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based
largely on current expectations and are subject to a number of known and unknown
risks, uncertainties and other factors beyond our control that could cause
actual events and results to differ materially from these statements. These
statements are not guarantees of future performance, and readers are cautioned
not to place undue reliance on these forward-looking statements, which speak
only as of the date of this release. CSI undertakes no obligation to update
publicly any forward-looking statements.
Contact:
Conversion Services International, Inc.
Mitchell Peipert, 973-560-9400 x 2088
mpeipert@csiwhq.com
OR
Investor Relations Counsel
The Equity Group Inc.
Loren G. Mortman, 212-836-9604
OR
Lauren Barbera, 212-836-9610
lbarbera@equityny.com
Source: Conversion Services International, Inc.