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Interliant Sells Consulting Group

In it second sales move in as many weeks Interliant, Inc. , the Purchase N.Y-based ASP, today completed the sale of its PeopleSoft consulting group to Texas-based Springbow Solutions, Inc., a provider of business-to-employee (B2E) solutions built on Portal, Integration, and Web Services technology.

As part of the transaction, which was effective February 11, 2002 for an undisclosed amount of cash, Springbow intends to keep all of the group's employees and to continue to operate the business in the Minneapolis, Minn. area.

"The acquisition of the PeopleSoft consulting group extends our capabilities in the use of technology to improve the productivity of our clients' employees," says Joe Eazor, president and chief executive of Springbow.

"The consulting group's strong PeopleSoft implementation capabilities and its history of excellent client service will connect extremely well with our existing capabilities and our plans going forward."

Last week, Interliant successfully completed the sale of its Miami, Fla.-based Telephonetics business unit, a music-on-hold provider, to L&D Messaging Inc.

The Peoplesoft consulting unit transaction marks Interliant's final sale of its non-core assets and completes the firm's restructuring efforts which began in April, 2001, which we undertook last year to enhance Interliant's competitiveness and create the greatest opportunity for profitability,"

Says Bruce Graham, Interliant's chief executive officer: "With the successful divestiture of these assets, we are now a leaner, stronger company, better positioned for growing and driving revenue in our core business."