Bowstreet and Cognos team up to offer portal-based data analysis andreporting

[Ann Kelly <akelly@bowstreet.com>]

Bowstreet and Cognos team up to offer portal-based data analysis and
reporting 

Bowstreet Business Web Portals to deliver single, web-based point of
personalized access to Cognos business intelligence


LYNNFIELD, MA, July 16, 2001 - Web services pioneer Bowstreet
(www.bowstreet.com) today announced it has joined the Cognos® Enterprise
Portal Program (EPP), providing a cost-effective way to bring Cognos-powered
business intelligence (BI) to portals for customers, employees, partners and
suppliers.

Through the Cognos EPP, Bowstreet can optimize its Business Web Portals to
seamlessly integrate with Cognos Upfront, a portal service that provides end
users with a single, web-based point of access to Cognos BI information, as
well as non-BI content. Using Cognos Upfront, content delivery and
management is centralized and accessible through an interface that can be
customized to meet the unique needs of different types of users. By
integrating Cognos query, reporting and data analysis into their portal of
choice, users can search, review and analyze business-critical information
for decision-making, ultimately enhancing relationships with customers,
suppliers and partners.

Web services save time and money
Bowstreet seizes economies of scale by offering the only enterprise portal
platform powered by web services, the new computing model being embraced by
Global 2000 companies and technology industry leaders, including BEA
Systems, Hewlett-Packard, IBM, Microsoft, Oracle and Sun Microsystems. With
Bowstreet, business users can point and click to customize the Cognos
offering, as well as other portal web services, for each user. This approach
provides companies with a distinct time and cost advantage over hard-coded,
one-size-fits-all portal applications.

"The Cognos Enterprise Portal Program provides our partners the ability to
develop integration with Cognos' industry-leading business intelligence
solutions," said Patrick O'Leary, Cognos vice president of strategic
alliances. "Working together, Cognos and Bowstreet will enable joint
customers to unite traditional and e-business processes and provide timely
information delivery to customers, partners and suppliers for maximum
performance. Bowstreet's web services approach brings a significant added
return on investment to the mix."

Bowstreet's Business Web Portals are packaged software products built on the
Bowstreet(tm) Business Web Factory. They optimize its dynamic assembly and
mass-customization capability for a wide range of e-business initiatives,
including enterprise information sharing, eCRM, syndicated storefronts,
corporate intranets, partner extranets and supply chain collaboration.
 
"There's no reason to hardwire and maintain one-size-fits-all portals when
you can point and click so that web services dynamically assemble themselves
in unique combinations for each user," said Kristen Brown, Bowstreet vice
president of business development. "Bowstreet-powered EIPs combine the power
of web services and our mass-customization capabilities to deliver
Cognos-powered business intelligence in countless forms to anyone who needs
it, just when they need it."

About Cognos
Cognos is the leading provider of business intelligence solutions that
optimize the performance of the world's largest and most successful
organizations. Cognos consistently adds immediate context to
business-driving information, aligning decisions and making enterprises more
agile. Founded in 1969, Cognos serves more than 17,000 customers in 120
countries. For more information, visit www.cognos.com.

About Bowstreet
Bowstreet, a recognized leader in web services, enables businesses to
transform themselves from hard-wired enterprises into agile, spontaneous
"business webs."  The BowstreetÔ Business Web Factory and Business Web
Portal Solutions comprise a new, dynamic assembly layer on top of
middleware, enabling enterprise components and web services to be assembled
on-the-fly by non-technical business people into mass-customized composite
web services. Bowstreet's Business Web Portals leverage the Business Web
Factory to converge separate portal initiatives (including enterprise
information sharing, eCRM, syndicated storefronts, corporate intranets,
partner extranets and supply chain collaboration), into a single, reusable
platform, enabling new revenue streams and reducing portal costs by as much
as 80 percent. More information may be found at www.bowstreet.com or by
calling 781-586-7100.

# # #

Bowstreet is a trademark of Bowstreet, Inc. All other company names and
product names may be trademarks or registered trademarks of their respective
companies or owners.

Contact:	

Ann Kelly
Bowstreet
603-559-1557
akelly@bowstreet.com

Tim Munroe 					 
Beaupre & Co. Public Relations Inc. 		
603-559-5820					
tmunroe@beaupre.com