New York, NY, Febuary 15, 1999 — SenseNet,Inc.
Key Virtual Frontier executives in both the New York and London offices will assume leadership roles with SenseNet. Virtual Frontiers President and CEO Timothy Gocher will assume the role Chief Technology Officer at SenseNet. Gocher, who co-founded and led Virtual Frontiers since 1996, has held management positions with such top financial services firms as JP Morgan, Deloitte & Touche Corporate Finance, and Spicer & Oppenheim. “The acquisition of Virtual Frontiers and its E-commerce applications and systems integration expertise will add robust new modules to the SenseNet Suite of software offerings,” said SenseNet Chief Executive Officer Dane Atkinson. “The acquisition also strengthens the company’s management team with the addition of Timothy Gocher, a proven, seasoned technology officer.” www.virtualf.com has leveraged its systems development, consulting, training and value added reselling expertise for such Fortune 1000 clients as Consumers Reports Magazine, Digital Frontiers, Lucent Technologies, Macmillan Publishing and McKinsey and Company. “When you add the applications we’ve developed at Virtual Frontiers to SenseNet’s impressive existing modules,” said Mr. Gocher, “the sum is really greater than the combined parts. Together, we’re well-positioned to continue to expand our offerings and improve the way we serve our international base of client customers.”
The acquisition also strengthens SenseNet’s offerings for the advertising, marketing, and financial vertical markets. At the same time, it gives the company immediate access and the capability to increase its new business initiatives in the burgeoning European marketplace. Virtual Frontiers recently called upon its breadth and depth of expertise for Lucent Technologies (NYSE: LU). Virtual Frontiers integrated the company’s vast resources across all media through a highly customized central database. The system, which leveraged Virtual Frontiers’ E-commerce, systems integration, customized programming, and consulting expertise, is so robust and flexible that Lucent now has a perfect foundation for conducting business-to-business commerce on the Web.
The SenseNet Suite is a group of cost-efficient, scaleable, platform-independent applications designed to integrate with a company’s existing operational infrastructure, allowing it to focus on mission-critical business objectives. Key components of the SenseNet Suite focus on such core business and technology functionalities as Employee Skills Management, Skills Mining, Project Management, Time Management, Scheduling, Document Management, Time & Attendance, and Network Security.
About SenseNet (www.sensenet.com)
Founded in 1993, SenseNet is a leading enterprise-level software development firm that offers a scaleable, modular software suite designed to integrate with a company’s existing operations, allowing it to concentrate on its business, not a new technology system. The New York-based company has developed sophisticated business solutions for such clients as Proctor & Gamble (NYSE: PG), AT&T (NYSE:T), Sprint (NYSE: FON), Eastman Kodak (NYSE: EK), Pfizer Pharmaceuticals (NYSE: PFE), Howrey & Simon and NexTel Communications (Nasdaq: NXTL).
About Virtual Frontiers (www.virtualf.com)
Founded in 1996, Virtual Frontiers is an Internet technology consulting and development company, specializing in E-Commerce and Systems Integration for Fortune 1000 and government clients. With offices in New York and London, Virtual Frontiers has worked with such clients as Consumers Reports Magazine, Digital Frontiers, Lucent Technologies (NYSE: LU), Macmillan Publishing, and McKinsey and Company.