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Leading Engineering, Procurement and Construction Firm Anticipates Rapid ROI from Adoption of Citadon's Collaborative Workspace Solution
San Francisco - May 21, 2004 - Citadon, the leader in Web-based collaboration, document management and business process management solutions for project-oriented organizations, announced today that the Parsons Iraq Joint Venture has entered into an agreement which enables project-related employees and global suppliers to collaborate on projects to restore key infrastructure in the Middle East. With Citadon CW™, all Parsons Iraq Joint Venture project participants, regardless of their geographic location, will be able to collaborate in a manner that eliminates time and distance obstacles.
Citadon was chosen in a competitive selection process because of its demonstrated ability to reduce costs and enforce strict project schedules with other EPC customers. Another decision driver was Citadon's capabilities in the area of regulatory compliance, particularly the area of OSHA safety requirements where proper audit controls and documented procedures can yield new efficiencies and establish best practices. Moreover, Citadon was perceived to offer the best long-term value and alignment with the Parsons Iraq Joint Venture's vision of a total solution.
"We are pleased to add the Parsons Iraq Joint Venture to our expanding roster of EPC industry leaders, especially in light of the exemplary work that this fine team has produced in restoring the vital infrastructure to the Middle East, which helps to raise the standard of living around the globe," said Howard Koenig, CEO of Citadon.
About the Parsons Iraq Joint Venture
The Parsons Iraq Joint Venture includes Parsons E&C, based in Houston, Texas, and Parsons Corporation, based in Pasadena, California. Parsons E&C and Parsons Corporation have been working continuously in the Middle East on oil and infrastructure projects since the 1940s. Among its many notable projects in the area is the ongoing redesign and restoration program for the Kuwait Oil Company - a contract issued to Parsons E&C following Operation Desert Storm. Parsons began working in Iraq in the 1950s on oil, water, and transportation projects and remained in the country through the mid-1980s.
About Citadon
Citadon is an award-winning provider of Web-based collaboration and Business Process Management solutions for project-oriented organizations. Citadon provides an on demand solution that enables customers and their constituents to seamlessly share and manage a wide variety of document types, automate and propagate complex business processes, collaborate and communicate without barriers while providing a mechanism for capturing and leveraging knowledge. Since Citadon hosts these applications, users can immediately begin to take advantage of software that can reduce both financial and legal risk, improve profitability, enforce accountability and add predictability to global projects.
More than 60,000 subscribers in over 60 countries on projects with a market value in excess of $130 billion currently access Citadon hosted applications. Current Citadon customers include Shell Oil Products, the Bechtel Group, GE, The Chicago Transit Authority, GM, Alcoa, ICA Fluor, Transport for London and Novo Nordisk Engineering. For more information, please visit: www.citadon.com.
Media Contacts:
Citadon, San Francisco
Dan Pepper - 415-216-2303
dpepper@citadon.com
Smith Public Relations, Los Angeles
Caroline Somphone - 310-788-0456
caroline@smith-pr.com
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