February 2002 - Phoenix Technology Group, the Irish financial software provider, today announced that it has formed a strategic partnership with Hewlett Packard. The new partnership means that Phoenix Technology Group will offer its clients HP products and services as part of its overall product portfolio.

The company, which specializes in the design and implementation of electronic document management and e-process solutions for large organisations, has grown significantly since its foundation in 1997.

Phoenix has developed a blue-chip customer base in the retail financial and insurance sectors. Customers include AXA SunLife, Norwich Union, Lloyds TSB and Winterthur Life in the UK and German building society Landesbausparkasse.

Aideen Cardiff, Channel Manager, HP Ireland, said: "Phoenix Technology Group have an excellent reputation for delivering high quality, end-to-end e-process solutions in timescales that make a real difference to their customers. With their expertise and resources in advising on all aspects of a company's IT requirements, we are delighted to be associated with Phoenix".

Niall Clarke, Chief Technical Officer, Phoenix Technology Group, said: "Within any technology system, the underlying architecture and the hardware on which it is built needs to be flexible, scalable and, most importantly, reliable. The resilience of the HP product set is widely acknowledged".

Document Management solutions can potentially store millions of critical business documents. Users in the new business or customer service departments require instant and often simultaneous access to such documents. HP's renowned ability to provide instant reliable access to documents through magnetic storage is the reason that we know that our partnership will provide our customers with the best possible solution". About Phoenix Technology Group:
With headquarters in Dublin, and European operations in London, Phoenix was founded in 1997. Phoenix delivers enterprise content management and e-process solutions to global retail financial institutions. Phoenix is a leading provider of web-enabled solutions for multifunctional contact and service centres empowering organisations to manage complex service processes and high-volume transaction relationships with customers, brokers and suppliers regardless of the source media (paper, e-mail, e-form, voice).

Customers include AXA Sun Life, CGNU, Royal Sun Alliance, and Scottish Widows/Lloyds TSB. For more information, please visit www.phoenix.ie.

About Hewlett Packard:
Hewlett-Packard Company - a leading global provider of computing and imaging solutions and services - is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and solutions for an Internet infrastructure that's always on. Hp had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year.
Information about HP and its products can be found on the World Wide Web at http://www.hp.com.