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GENBAND Expands Use of Firepond CPQ(R) OnDemand
After Recent Acquisition, GENBAND Is Expanding Use of Firepond Application to Streamline the Quoting Process for Newly Acquired Product Units
MANKATO, MN -- (Marketwire) -- 10/30/08 -- Firepond, Inc. (OTCBB: FPND) has announced thatGENBAND, a market-leading developer of next-generation IP infrastructuresolutions, has confirmed plans to expand its use of Firepond's multi-tenantConfigure-Price-Quote® technology to include new GENBAND products andsolutions. The GENBAND implementation of Firepond CPQ OnDemand isintegrated with salesforce.com's CRM application (Salesforce).
"We are very pleased to announce that GENBAND has selected Firepond to moveforward and build on the current implementation released earlier thisyear," said Firepond's President Bradlee Sheafe. "We appreciate GENBAND'sconfidence in selecting Firepond's application to include the products fromtheir recent acquisition of NextPoint Networks. The growth of ourrelationship with GENBAND is the result of both teams working closelytogether to identify what is required for the success of the Phase IIroll-out. In a head-to-head competition with an incumbent vendor, where thedifferentiators were experience and product feature and functionality, itis particularly gratifying the Firepond application was selected."
"GENBAND needed a solution that supported its multiple products andnumerous parts lists and pricing rules," said Brad Bush, GENBAND's ChiefInformation Officer. "After recently completing a major acquisition, wewere looking for a single platform that could be implemented quickly withthe flexibility and intuitiveness to allow us to efficiently create anddistribute quotes across all products. Partnering with Firepond helped usstreamline our quoting process and their application proved to be the bestchoice for GENBAND."
Firepond CPQ OnDemand eliminates the common problem of incorrect or missingproduct and pricing information on quotes. Firepond's powerful productconfiguration engine verifies proposed products are accurately configuredand priced. All users have access to the most current data, and dataupdates can be deployed in minutes. The end result is improved salesproductivity, improved margin and the elimination of write offs.
About GENBAND
GENBAND is a leading supplier of next generation IP gateway solutions,session border controllers and fixed mobile convergence security solutionsdeployed in over half of the world's 100 largest service providers. Thesehigh-performance, high-security gateway platforms are at the center offixed and mobile networks around the globe, evolving, securing andenhancing communications networks. Headquartered in Plano, Texas, GENBANDhas research and development facilities in Brazil, China, Florida,Maryland, Massachusetts and Texas, and serves customers in more than 80countries. Additional information is available at www.genband.com.
About Firepond, Inc.
Firepond (OTCBB: FPND) is the leading provider of multi-tenant, on-demandConfigure-Price-Quote® software that automates and simplifies productpricing and configuration for companies and helps these enterprises improveorder accuracy while reducing their cost of sales. Firepond's salessolutions help companies to optimize their sales processes whether theirneed is to solve complex product or pricing configuration, create productcatalogs or provide an interactive selling system and dramatically improveresponse time. Firepond solutions provide a rapid ROI through improvedorder accuracy (100% of submitted orders have accurate specifications andpricing), improved proposal generation time and high user acceptance. Foradditional information about Firepond, visit www.firepond.com or call1-866-UCONFIG (826-6344).
Forward-Looking Statement
This press release may contain forward-looking statements that involverisks and uncertainties, including statements regarding our businessstrategy and development plans, plans for entering into new businesses,anticipated sources and uses of funds and other statements regarding ourplans, objectives, expectations and intentions that are not historicalfacts. Because these forward-looking statements involve risks anduncertainties, actual results could differ materially from those discussedin this press release. These risks and uncertainties are described ingreater detail in the reports that we file with the Securities and ExchangeCommission. Our actual results, performance or achievements may varymaterially from those expressed or implied in any forward-lookingstatements. All forward-looking statements reflect our beliefs andexpectations as of the date of this press release and should not be reliedupon as representing our views as of any subsequent date. While we mayelect to update these forward-looking statements publicly at some point inthe future, we specifically disclaim any obligation to do so, whether as aresult of new information, future events or otherwise.
ContactJim ScheperVice President of Marketing and Salesjim.scheper@firepond.com303-378-7819
"GENBAND needed a solution that supported its multiple products andnumerous parts lists and pricing rules," said Brad Bush, GENBAND's ChiefInformation Officer. "After recently completing a major acquisition, wewere looking for a single platform that could be implemented quickly withthe flexibility and intuitiveness to allow us to efficiently create anddistribute quotes across all products. Partnering with Firepond helped usstreamline our quoting process and their application proved to be the bestchoice for GENBAND."
Firepond CPQ OnDemand eliminates the common problem of incorrect or missingproduct and pricing information on quotes. Firepond's powerful productconfiguration engine verifies proposed products are accurately configuredand priced. All users have access to the most current data, and dataupdates can be deployed in minutes. The end result is improved salesproductivity, improved margin and the elimination of write offs.
About GENBAND
GENBAND is a leading supplier of next generation IP gateway solutions,session border controllers and fixed mobile convergence security solutionsdeployed in over half of the world's 100 largest service providers. Thesehigh-performance, high-security gateway platforms are at the center offixed and mobile networks around the globe, evolving, securing andenhancing communications networks. Headquartered in Plano, Texas, GENBANDhas research and development facilities in Brazil, China, Florida,Maryland, Massachusetts and Texas, and serves customers in more than 80countries. Additional information is available at www.genband.com.
About Firepond, Inc.
Firepond (OTCBB: FPND) is the leading provider of multi-tenant, on-demandConfigure-Price-Quote® software that automates and simplifies productpricing and configuration for companies and helps these enterprises improveorder accuracy while reducing their cost of sales. Firepond's salessolutions help companies to optimize their sales processes whether theirneed is to solve complex product or pricing configuration, create productcatalogs or provide an interactive selling system and dramatically improveresponse time. Firepond solutions provide a rapid ROI through improvedorder accuracy (100% of submitted orders have accurate specifications andpricing), improved proposal generation time and high user acceptance. Foradditional information about Firepond, visit www.firepond.com or call1-866-UCONFIG (826-6344).
Forward-Looking Statement
This press release may contain forward-looking statements that involverisks and uncertainties, including statements regarding our businessstrategy and development plans, plans for entering into new businesses,anticipated sources and uses of funds and other statements regarding ourplans, objectives, expectations and intentions that are not historicalfacts. Because these forward-looking statements involve risks anduncertainties, actual results could differ materially from those discussedin this press release. These risks and uncertainties are described ingreater detail in the reports that we file with the Securities and ExchangeCommission. Our actual results, performance or achievements may varymaterially from those expressed or implied in any forward-lookingstatements. All forward-looking statements reflect our beliefs andexpectations as of the date of this press release and should not be reliedupon as representing our views as of any subsequent date. While we mayelect to update these forward-looking statements publicly at some point inthe future, we specifically disclaim any obligation to do so, whether as aresult of new information, future events or otherwise.
ContactJim ScheperVice President of Marketing and Salesjim.scheper@firepond.com303-378-7819
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