Answerthink, Inc. (NASDAQ: ANSR), announced today that it has formed an alliance with Paymetric, Inc. for the distribution of industry-specific payment card software for organizations running SAP� applications. Answerthink and Paymetric will serve mid-size companies by integrating payment card capabilities into Answerthink�s industry-specific, low-cost, on-time delivery and implementation of SAP applications. �Paymetric�s solution will enhance Answerthink�s offerings, which are designed to enable our customers to reach world-class business performance levels and realize greater return from their SAP application investments,� stated Art Colombo, Vice President of Sales for Answerthink. Answerthink solutions are designed to help small and mid-size companies maximize the return on their IT investment and process the full and powerful functionality of SAP applications. Paymetric�s ability to integrate card transactions into ERP-enabled business operations will provide a powerful complement to Answerthink�s comprehensive offerings. �We are pleased to bring to our customers the combined strengths of our industry-leading software and Answerthink�s proven expertise in SAP applications,� said Ken Naumann, Senior Vice President Sales and Marketing for Paymetric. �As a result of this relationship, organizations will be able to take greater advantage of the inherent power and controls and maximize the value of their SAP application implementation.� Paymetric provides innovative solutions for managing payment card transactions in enterprise systems, most notably SAP. For the order-to-cash process, Paymetric provides a card acceptance solution that enables organizations to improve return on card acceptance, reduce barriers to compliance and simplify complex payment processes. For the procure-to-pay process, Paymetric provides a solution for managing purchasing card transactions in SAP applications, driving increased efficiencies, improved visibility into spend and expanded use of purchasing cards. According to Answerthink SAP Solutions Group Managing Director, John McGrath, �We�re delighted to be working with Paymetric. As powerful as SAP applications are, Answerthink knows that software alone is not enough to transform businesses into world-class performers. We help our clients generate exceptional value from their SAP application investment through our unparalleled knowledge of best practices and our alliances with companies such as Paymetric.� Answerthink and Paymetric are both award-winning SAP partners and certified SAP developers. About Answerthink Answerthink, Inc. (www.answerthink.com) is a leading business and technology consulting firm that enables companies to achieve world-class business performance. By leveraging the comprehensive database of The Hackett Group, Answerthink's business and technology solutions help clients significantly improve performance and maximize returns on technology investments. Capabilities include benchmarking, business transformation, business applications, business intelligence, and offshore application development and support. Founded in 1997, Answerthink has offices throughout the United States and in Europe and Asia. Answerthink was named the SAP 2006 SME Partner of the Year. About Paymetric Paymetric, Inc. provides innovative software solutions for managing, protecting and integrating payment card transactions in enterprise systems, enabling companies to improve return on card acceptance, optimize purchasing card programs and reduce barriers to data security compliance. Paymetric is an Austin Ventures portfolio company, an award-winning SAP Software Partner and an SAP Pinnacle award recipient. Visit www.paymetric.com for additional information. Copyright � 2007 Answerthink, Inc. All rights reserved. Answerthink as well its respective logo is a trademarks or registered trademark of Answerthink, Inc. This press release contains �forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause Answerthink's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that impact such forward-looking statements include, among others, the ability of the alliance or the products, services, or practices mentioned in this release to deliver the desired effect, our ability to effectively integrate acquisitions into our operations, our ability to attract additional business, our ability to effectively market and sell our transformation advisory product offerings and other services, the timing of projects and the potential for contract cancellations by our customers, changes in expectations regarding the information technology industry, our ability to attract and retain skilled employees, possible changes in collections of accounts receivable, risks of competition, price and margin trends, changes in general economic conditions and interest rates as well as other risks detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 29, 2006 filed with the Securities and Exchange Commission. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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