8/01/00 - Liberty Group to Deploy Gentia's Balanced Scorecard Software For Strategy Management LONDON, Aug 1, 2000 /PRNewswire via COMTEX/ -- Gentia Software (Nasdaq: GNTI) today announced that Liberty Group, the third largest South African life insurance company, has selected Gentia's Balanced Scorecard software to drive its corporate strategy and align its employees with their corporate vision. Gentia's web-based strategy management application will be implemented at Charter Life Insurance Company, a wholly owned subsidiary company of Liberty Group Limited, and will replace the existing Liberty Group Corporate Scorecard. "We are pleased that Liberty has chosen the Gentia Balanced Scorecard to play a critical role in aligning their organization and driving corporate strategy," said Wouter Van Loon, Senior Vice President, International Operations at Gentia. "Gentia's unique ability to deploy the Balanced Scorecard across thousands of users is continuing to appeal to large, performance-oriented companies around the world." Liberty Group Limited has purchased a 250-user license with an upgrade path to a corporate site license. Once the implementation at Charter Life is complete, the scope of implementation may be extended to full Enterprise Performance Management across Liberty Group's other subsidiaries. Liberty Group employs approximately 3,500 people, of which approximately 1,400 are at management and executive levels. "The Liberty Group has undergone management change over the last two years, and our strategic plan has become the backbone of the organization," said Deon de Klerk, Divisional Director Group Financial, Liberty Group. "The link between strategy and individuals' daily operational actions, however, is not as clear as it could be. We believe that Gentia's Balanced Scorecard Application can fill this gap by aligning individuals with strategy and turning strategy into action." "We think highly of Gentia's approach to the Balanced Scorecard and Enterprise Performance Management," continued de Klerk. "Their approach is modeled on the Kaplan and Norton methodology and their implementation process is easy to follow. The software differentiates itself by using forward looking assessments rather than historical results and is designed to be an operational tool rather than a management information system." About Gentia Balanced Scorecard The Gentia Balanced Scorecard is the only enterprise solution for translating strategy into action. GBSC enables businesses to monitor the determinants of shareholder value, such as customer satisfaction, quality of service, response time and long-term strategic vision. Using Gentia's scorecard applications, business performance is driven from the top throughout all levels of the organization, linking employee action to corporate strategy and vision. Gentia's Balanced Scorecard application gives decision-makers across organizations a complete view of performance as well as a framework to ensure that operational resources are aligned with strategic direction. About Gentia Software Gentia Software (Nasdaq: GNTI) is a leading supplier of intelligent analytical applications for enterprise performance management and customer relationship management. The Company's portfolio of integrated software applications drives business success by improving the quality of customer interactions and implementing strategy and performance management. Gentia incorporates the world-class consulting expertise of partners such as IBM and NCR with unique technology to offer best-in-class solutions for the world's leading organizations. Gentia's customers include such global companies as Motorola, Volvo, Credit Suisse First Boston, Bell Atlantic and Fortis. For more information, visit www.gentia.com or call 1-8884GENTIA (United States), +44(0) 208 971 4000 (Europe) or +65 533 0411 (Singapore). About Liberty Group Limited Liberty Group is a financial services group focused on developing, marketing and managing a comprehensive range of investment and risk products designed to cater for all personal and corporate investment, life assurance, disability, health assurance and retirement needs. Liberty Group is the third largest life insurer in South Africa with R100 billion total assets under management. Standard Bank Investment Corporation Limited (Stanbic) is the controlling shareholder of Liberty Group through its 54.8% holding in Liberty Holdings Limited, the ultimate investment holding company of Liberty Group. This news release may contain statements of a forward-looking nature. Such statements are based upon the information available to management at this time, and they necessarily involve risk because actual results could differ materially from current expectations. Among the many factors that could cause actual results to differ from those set forth in the Company's forward-looking statements are changes in general economic conditions, actions taken by customers or competitors, and the receipt of more or fewer orders than expected. SOURCE Gentia Software CONTACT: Andy Oliver of Lewis P.R., 619-702-5571, or andyo@lewispr.com, for Gentia Software; or General Information, Alison Ziegler, azielger@frb.bsmg.com, Analysts, Christie Mazurek, cmazurek@frb.bsmg.com, or Media, Marty Gitlin, mgitlin@frb.bsmg.com, all of The Financial Relations Board, 212-661-8030 URL: http://www.gentia.com