Strategic Win for CMA Contiki

Oslo, Norway. - January 12th 2007 - Halliburton, a leading service provider in the Oil & Gas Industry, selects Contiki ECM 6 to manage Sell-Side Contracts globally.

After a highly-competitive bidding process, which included both European and American-based software vendors, CMA Contiki’s software solution has been selected by the leading oilfield service provider to help the company capture more value from their sell-side contracts throughout the enterprise. The ECM software increases contract visibility and transparency, allows efficient creation, execution, management, and analysis of customer contracts to maximize financial performance, control risk, limit exposure, and ensure process compliance. The Contiki solution will be integrated with the client’s ERP system (SAP).

"This implementation and roll-out of the Contiki ECM 6 solution for this client represents one of the most a challenging and exciting projects we have in in 2007,” says Tom-Inge Aas, CEO of CMA Contiki. “Most of our clients seek solutions to manage contracts on the BUY side, but increasingly, we are seeing clients seeking solutions for the SELL side first. This emerging trend represents a signficant growth opportinity for CMA Contiki, and we anticipate that we will attract more clients seeking to gain access to quality contract management solutions on the SELL side in 2007.” 

About CMA Contiki

Established in 1989, CMA Contiki is the world’s leading Enterprise Contract Management (ECM) software vendor serving the Oil & Gas/Energy industry. Contiki ECM software supports the negotiation process - from analysis to decision. It comprises design of workflow, an experience archive, a library of standard templates for negotiations and contracts, reminders, process plans, including management of ongoing negotiations, advanced search function, analysis functions, among other features. The Contiki ECM application has been installed in more than 20 countries for more than 40 enterprises (more than 80 installations) in the following industries: Oil & Gas, Energy & Utilities, Finance, Engineering, Service and Public sector.