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[July 21, 2004]

Concert Spins-Out of Siemens and Launches the First Global Product Information Network

MUNICH, Germany, July 21 /PRNewswire/ -- Concert Software and Business Services has been established by Siemens AG, Europe's largest electrical engineering concern, chartered with the establishment of a global product information network.
Concert, which is headquartered in Erlangen, Germany, with offices in Chicago, USA, is a leader in on-demand product information solutions, such as product configurators and product content management to the global market. Concert which was born as part of Siemens' E-Business strategy has been established as a separate, independently operated company.

The product information network is designed to expedite and streamline the exchange of complex product information between buyers and sellers. Concert estimates that companies using the network will realize significant savings in their sales and procurement processes.
The Product Information Network will be based on technologies developed by Concert in Germany and the United States for managing complex information sharing scenarios. Sellers use the system to manage their product specifications, catalogs, configurators and drawings, while networking them into customer procurement systems, enterprise planning (ERP) and customer relationship management systems and channels such as web and print. Concert's solution is currently used by companies such as Siemens and EON in Germany, as well as suppliers and customers in 20 other countries, including the USA, Austria, UK, Finland, Indonesia, Turkey, Brazil and China.
As a service, Concert provides small and medium-sized companies with an enterprise level solution for a fraction of the current cost of buying and operating one themselves.
By subscribing to Concert, both industrial buyers and sellers of complex products can realize significant savings over traditional processes - returns that cannot be achieved with current solutions and should not be overlooked in the current competitive climate.
Concert Software and Business Services will to work with other large companies, partners and investors in establishing the Product Information Network. Concert continues to invest considerable resources in the further development of its product range, working together with industry leaders such as SAP and Siemens and other innovators to bring the latest thinking and technologies to its solutions. Its professionals are dedicated to providing a high-level of customer support and are committed to the principles of total quality management.
For more information, visit Concert's homepage at: http://www.concert-product-information.com/
Media contact:
Christine Roemer
Concert Software and Business Services GmbH
Naegelsbachstr. 38
91052 Erlangen
Germany
info@concertcorp.com
+49-9131-733-822

Concert Software and Business Services GmbH


CONTACT: Christine Roemer, Concert Software and Business Services GmbH,info@concertcorp.com, +49-9131-733-822

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