|
ADMINISTAFF ANNOUNCES BUSINESS ALLIANCE WITH FORRESTER
RESEARCH
- Administaff to Offer Forrester Research Products
on New Business-to-Business eCommerce Portal
HOUSTON Jan. 25, 2000 Administaff,
Inc. (NYSE: ASF), a leading professional employer organization (PEO),
today announced an agreement with Forrester Research, Inc. (NASDAQ:
FORR), a widely-recognized source of research and analysis on the
global Internet economy, to offer its line of electronic research
products on Administaffs new business-to-business eCommerce
portal.
The agreement will provide Administaffs
client companies access to Forresters Baseline Research and
Baseline Forecast products, as well as Forrester PowerRankings
unbiased rankings of the leading eCommerce sites through
the Administaff portal. The portal, which is being developed jointly
with IBM, will give small businesses access to the very latest eBusiness
services and consulting via the Web. Administaff expects to unveil
the new site near the end of the first quarter of 2000.
"The Internet economy presents many of
the same challenges to small and medium-sized companies as it does
to larger enterprises," commented Paul J. Sarvadi, Administaffs
president and chief executive officer. "These companies can
now benefit from the same research and analysis used by the leading
eBusinesses. The depth and breadth of Forresters research
will allow them to make better-informed decisions about their own
future on the Internet."
Administaff eCommerce Portal
Administaffs business-to-business eCommerce portal represents
a major element in the companys comprehensive eBusiness strategy.
Designed for exclusive use by Administaffs clients and worksite
employees, the portal will leverage Administaffs buying power
and business relationships to bring a broad range of value-added
products and services from best-of-class providers to the premium
small business community represented by Administaffs client
base. Additionally, the portal is expected to enhance the companys
attractiveness to prospective clients, further strengthen client-retention
rates, and produce incremental revenue streams. Administaff expects
to unveil the new portal near the end of the first quarter of 2000.
In addition to Forrester Research, Administaff has strategic alliances
with leading companies such as American Express, Dell Computers,
IBM and Aon Enterprise Insurance Services.
Administaff Background
Administaff provides small and medium-sized businesses with
a comprehensive Personnel Management System that includes benefits
and payroll administration, medical and workers' compensation insurance
programs, personnel records management, employer liability management,
employee recruiting and selection, performance management, and training
and development services. With 1998 revenues of $1.7 billion, Administaff
ranks number 765 on the Fortune 1000 list. The company also was
named in 1999 to Fortune magazine's list of "America's Most
Admired Companies'' and the InformationWeek 500 list as one of the
top users of information technology. The company currently has 25
offices in 15 major markets and serves clients and worksite employees
throughout the United States. For additional information, visit
the company's web site at www.administaff.com.
Forrester Research Background
Forrester Research is an independent research firm that analyzes
technology change and its impact on business, consumers, and society.
Forrester's "whole view" of the
Internet economy enables clients to weave together
Internet commerce initiatives and corporate systems to satisfy the
customer's changing needs. Clients receive continuous research and
analysis through Forrester's unique eResearch Reports, an
array of advisory services, and topical events. Established in 1983,
Forrester is headquartered in Cambridge, Mass. Forrester's European
Research Center is located in Amsterdam, Netherlands. With the November
1999 acquisition of Fletcher Research, Forrester also maintains
an office in London. Additional information about Forrester can
be found on the Web at www.forrester.com.
(Note: The statements contained in this press
release that are not historical facts are forward-looking statements
that involve a number of risks and uncertainties. Therefore, the
actual results of future events described in such forward-looking
statements could differ materially from those stated in such forward-looking
statements. Among the factors that could cause actual results to
differ materially are: (i) regulatory and tax developments; (ii)
changes in Administaffs direct costs and operating expenses;
(iii) the effectiveness of Administaffs sales and marketing
efforts, including its marketing agreement with American Express,
American Express ability to set qualified appointments and
Administaffs ability to convert those appointments into sales;
(iv) the estimated costs and effectiveness of capital projects and
investments in technology and infrastructure; (v) Administaffs
ability to effectively implement its eBusiness strategy, including
identifying and reaching agreements with strategic alliance partners,
timely rollout of and attraction of clients and worksite employees
to its eCommerce portal, effective generation of revenues from eBusiness
initiatives and unanticipated development costs of eBusiness initiatives;
(vi) changes in the competitive environments in the PEO industry;
and (vii) the effectiveness and estimated costs of Administaffs
Year 2000 conversion and contingency plans. These factors are described
in further detail in Administaffs filings with the Securities
and Exchange Commission.)
|
|