Sequoia signs Sagent for OEM contract

SINGAPORE - Sagent Asia today announced thatSequoia Software Corporation, a provider and innovatorof XML-powered e-business software, has signed an OEM contract with Sagent, a provider of Real-time e-BusinessIntelligence solutions. Sagent has made a multi-million dollar commitment to purchase software licenses duringthe first three years of the five-year contract.

SINGAPORE - Sagent Asia today announced that Sequoia Software Corporation, a provider and innovator of XML-powered e-business software, has signed an OEM contract with Sagent, a provider of Real-time e-Business Intelligence solutions. Sagent has made a multi-million dollar commitment to purchase software licenses during the first three years of the five-year contract. Sagent is licensing Sequoia's XML technology for integration with the Sagent Solution, creating the industry's first interactive e-business intelligence portal. In addition to the OEM agreement, Sagent will also resell Sequoia's XML Portal Server(tm) (XPS) to its target Global 2000 customers.

Sequoia has engineered its software products to be easily coupled or integrated with applications from other vendors. "The Sagent contract is the first fruit of our business development strategy, whereby Sequoia will OEM an XML-powered interactive e-business platform, broadening our distribution capability," said Mark Wesker, president and COO, Sequoia Software. "Our growing XML-based product-line enables us to target a wide range of OEM opportunities fueled by today's time-to-market sensitive demand for XML-based e-business solutions."

"e-business has challenged enterprises and vendors alike to deal with vastly increased data volume, variety and velocity," said Doug Laney, META Group Vice President. "Now armed with Sequoia's powerful XML-based technology, the already solution-rich Sagent boosts itself into the world of enterprise deployable analytics."

Sequoia's XML-based e-business software is distinctively capable of aggregating user-defined data and content from any variety of enterprise or Web-based information sources, enabling access and interaction with the most relevant information available, and personalising it according to individual users needs. Sagent will integrate its powerful and comprehensive business intelligence solution with Sequoia's technology to provide users with personalised access to the analytic tools, reports, and content they need to create precise one-to-one marketing campaigns, identify profitable sales opportunities, and improve operational efficiencies.



About Sagent Asia
Sagent Asia (delivers an open, scalable solution that addresses the complete life cycle for e-business intelligence, including development, production and ongoing management of a company's information assets. The Sagent Solution allows businesses to collect and analyse customer and operational data from existing systems and to incorporate the most current geographic, business-to-business and demographic information from third-party content providers in real time. This information is then made available over the Web via a secure connection to create precise one-to-one marketing campaigns, identify profitable sales opportunities, and improve operational efficiencies.

Sagent powers more than 1,200 customer-driven organizations around the world and across such diverse industries as e-commerce, financial services, insurance, healthcare and telecommunications. Sagent is headquartered in Mountain View, California. Headquartered in Singapore, Sagent Asia has direct offices in China, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan, and Thailand.

About Sequoia Software
Sequoia Software Corporation (Nasdaq: SQSW) is a provider and innovator of XML-powered e-business software. Sequoia's flagship product, the XML Portal Server(tm) (XPS), gives users a Web-based, single point of personalized access to distributed information, along with the capability to publish, edit, change or update content.