9/19/00 - Deutsche Bank Cements Strategic Partnership With AlphaBlox With $33 Million Investment MOUNTAIN VIEW, Calif. & LONDON & FRANKFURT, Sep 19, 2000 (BUSINESS WIRE) -- Investment Reinforces Deutsche Bank's Commitment to AlphaBlox's Business Intelligence Solution AlphaBlox Corporation, provider of the only open Web-based platform for broadly deployed business intelligence applications, and Deutsche Bank (OTC:DTBKY), one of the largest banks in the world, today jointly announced that Deutsche Bank, through its strategic private equity investment arm DB eVentures and Deutsche Asset Management, has invested $33 million in AlphaBlox, a move that formalizes the strategic partnership that the two companies have been building over the past two years. "AlphaBlox has rapidly become a key component of Deutsche Bank's technological infrastructure," said Michelle Schwabe, chief operating officer for Deutsche Bank Americas. "We previously made a strategic commitment in AlphaBlox as a technology partner, and with our financial investment we fully expect our relationship to continue to grow and flourish to global scale. We see an opportunity to develop solutions with AlphaBlox that can be developed into products and jointly marketed to the financial services area." As one of AlphaBlox's original customers, Deutsche Bank has developed business critical analytical applications using the AlphaBlox platform. "AlphaBlox is committed to building long term success with our customers, as exemplified by our relationship with Deutsche Bank," said Michael Skok, chairman and CEO of AlphaBlox. " In this case it has developed beyond that, to a strong partnership in the financial marketplace. Our partnership spans Deutsche Bank's internal commitment to AlphaBlox as well as their prominent position as a leader in global financial services." DB eVentures, the strategic private equity investment arm of Deutsche Bank, was set up to fund and develop key e-business partnerships in close co-operation with the bank's global operations. "We are delighted to contribute to further building the strong relationship between Deutsche Bank and AlphaBlox", said Mark Gelnaw, chief operating officer, Deutsche Asset Management and Matthias Brandl, chief investment officer, DB eVentures. "Over the last two years, AlphaBlox has put together a very strong management team, partnerships and market-leading technologies. We will work with AlphaBlox in providing them with broad access to key decision makers within Deutsche Bank, as well with the Bank's partners." AlphaBlox started as a single departmental application at Deutsche Bank but quickly achieved a viral like growth within the Bank as more and more Bank employees saw the benefit of getting personalized access to customized information. According to Schwabe, Deutsche Bank is expanding its activities with AlphaBlox and has already identified projects that will include AlphaBlox products and services. Schwabe said, "It has been widely recommended that AlphaBlox be the analytical application platform for the Bank's IS infrastructure on a worldwide basis. We're looking to integrate AlphaBlox into Deutsche Bank's financial service offerings including the integration of AlphaBlox technology into Deutsche Bank's online marketplace." "We couldn't get a stronger endorsement of the reliability and scalability of our product than from Deutsche Bank's investment in AlphaBlox," said Skok, "and it's our goal to continue to help them develop business critical analytical applications." In return, Deutsche Bank provides AlphaBlox access into their relationships with prominent technology providers and consumers in the financial services marketplace. "They have offered to give us high level access to their customer base, help us to build our presence in the Global 100, and help ease our entry into new major markets, such as Europe, where we're aggressively expanding." About Deutsche Bank With over Euro 925 billion in assets as of June 30, 2000 and approximately 93,000 employees, Deutsche Bank offers its clients unparalleled financial services throughout the world. It ranks among the leaders in asset management, capital markets, corporate finance, custody, cash management and private banking. Deutsche Bank is divided into five major business units: Global Corporates and Institutions, Global Technology and Services, Asset Management, Corporates and Real Estate and Private and Retail Banking. Deutsche Bank provides a fully integrated investment and wholesale banking service to corporate clients from its main centers in Frankfurt, London, New York, Baltimore, Tokyo, Singapore, Hong Kong and Sydney, as well as its regional offices around the globe. The keys to the Bank's success remain constant: customer focus, the spirit of innovation, a broad range of product skills combined with technological power and financial strength delivered by highly skilled professionals. Deutsche Bank has committed itself to expanding its e-commerce offerings with the global-e initiative which coordinates e-commerce efforts across all business divisions. About DB eVentures DB eVentures, the strategic private equity investment arm of Deutsche Bank, funds and develops key e-business partnerships in close co-operation with the bank's global businesses. As Deutsche Bank's dedicated private equity e-business investor, DB eVentures is working with all of Deutsche Bank's business areas to provide DB with partners in cutting edge technology and e-business solutions. About Deutsche Asset Management Deutsche Asset Management, a member of the Deutsche Bank Group, was formed as a result of the merger of Bankers Trust and Deutsche Bank in June 1999. Globally, Deutsche Asset Management manages US $580 billion in assets and is among the world's largest investment managers in terms of assets under management. In the Americas, Deutsche Asset Management manages near US $300 billion and represents the combined capabilities of Bankers Trust Company, the former Morgan Grenfell companies and other members of the Deutsche Bank Group. It offers investors a full range of active, quantitative and index strategies. Deutsche Asset Management is the marketing name for the asset management activities of Deutsche Bank AG, Deutsche Funds Management, Bankers Trust Company, DB Alex. Brown LLC, Deutsche Asset Management Inc., and Deutsche Asset Management Investment Services Limited. For more information, please see our website at www.deam-us.com. About AlphaBlox AlphaBlox Corporation provides the industry's only 100% Web-based platform for delivering analytical applications that optimize e-Business efficiencies. With AlphaBlox, companies can share and analyze information with customers, partners, and suppliers to build e-Business communities, foster more profitable e-Business relationships, and improve business performance. AlphaBlox's flagship product, AlphaBlox 3, is the industry's first open, extensible platform for the rapid delivery of Web-based analytical applications that are broadly deployed both inside and outside of the corporate firewall to customers, partners and suppliers. These applications allow customers to pull information from virtually any type of database and to analyze, interact with, and display it through a standard Web browser. Analytical applications powered by AlphaBlox are fully customized to address specific business problems and personalized to the users' individual roles, skills, and analytical needs. Leveraging AlphaBlox's unique "building Blox(TM)" approach customers and partners can quickly assemble and deploy a variety of customized analytical applications for measuring and improving e-Business operations, financial performance, customer/product profitability, distribution channels, and the supply chain. Leading organizations such as Xerox, IBM, Hallmark, Telstra, AT&T, Pfizer Pharmaceuticals, Hewlett Packard, Toyota Motor Company, and FedEx rely on AlphaBlox solutions to turn their information assets into strategic advantage. Additional information on AlphaBlox Corporation and its products can be obtained by calling 888/256-9669 or via the company's Web site at www.alphablox.com. AlphaBlox is a trademark of AlphaBlox Corporation. All other trademarks are property of their respective owners. CONTACT: AlphaBlox Corporation Marty Tacktill, 650/526-1128 mtacktill@alphablox.com or Connect Public Relations Holly Hagerman, 801/373-7888 hollyh@connectpr.com or DB eVentures (United Kingdom) Nicole Doukas, 44 207 545 8836 nicole.doukas@db.com or Grant Butler Coomber Richard Janes/Martine Parsons, 44 208 322 1922 richardj@gbc.co.uk URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. -0- KEYWORD: CALIFORNIA UNITED KINGDOM GERMANY INTERNATIONAL EUROPE INDUSTRY KEYWORD: BANKING INTERNET COMPUTERS/ELECTRONICS