Siemens Power Generation Signs Changepoint to Automate its Global IT Support Team

Changepoint's PSA Software To Enable Integration And Automation Of IT Business Processes

TORONTO-- April 3, 2003--Changepoint Corporation, a leading provider of Web-based business process automation solutions for services organizations, today announced that Siemens Power Generation has selected Changepoint to manage and automate business processes within its IT function. The deployment, which is scheduled for completion by July of this year, will initially see half of Siemens Power Generation's 1000-strong IT support team using Changepoint's Professional Services Automation (PSA) solution, Changepoint 8.0.

The Power Generation Group (PG) of Siemens AG is one of the premier companies in the international power generation sector In fiscal 2002, Siemens PG posted sales amounting to EUR9.4 billion and received new orders totaling EUR10.6 billion. On September 30, 2002, Siemens PG had a workforce of around 26,000 worldwide. The move to implement a PSA solution at Siemens Power Generation was fuelled by the need to streamline business and IT processes following the acquisition of the US power company, Westinghouse in 1998. Siemens Power Generation is deploying Changepoint in order to gain visibility of both IT resources and current projects across the organisation, where it will be integrated with SAP.

"This is another landmark deal for our European expansion and our increasing presence in Germany," said Ayman Gabarin, VP EMEA for Changepoint. "Siemens Power Generation's decision to deploy Changepoint validates the maturity and depth of our solution and highlights both the need and opportunity that exists for PSA within the IT function of leading global 1000 companies, as they look to enhance operational and financial performance."

About Changepoint

Changepoint Corporation provides global services organizations and billable internal service departments the most complete and mature Web-based PSA solution for automating and integrating core business processes, which results in improved operational visibility and financial performance. Leading services organizations choose Changepoint for its unmatched breadth, depth and integration.

Headquartered in Canada, Changepoint has offices in the United States, United Kingdom and France. For additional information, visit our web site at www.changepoint.com

For more information, please contact:

Subha Chandran/Lawrence Cummer
Environics Communications
713-667-2467/416-920-9000
schandran@environics-usa.com / lcummer@pr.environics.ca