According to the terms of the agreement, Capella University will license the entire suite of ABT PowerCAMPUS software — including modules for Admissions, Student Records, Billing, Cash Receipts and Advancement – twitter backgrounds – as well as ABT’s IQ.Web Internet software.  ABT will also provide professional services, teaming with Capella’s Information Service staff to tailor the implementation to support the University’s unique Web-centric business processes.

About Capella University (www.capellauniversity.edu)

Founded in 1993 and accredited by the North Central Association of Colleges and Schools, Capella University is the world’s leading e-learning institution.  Capella offers undergraduate and graduate degree programs, certificates, and continuing education to adult learners who seek to integrate advanced study with their professional lives.  Its mission is to deliver high quality programs that provide traditional and contemporary knowledge through flexible and innovative forms of distance learning.  Capella University explicitly recognizes adult learners as active partners in the design and implementation of their academic experience.  Capella’s administrative offices are located in Minneapolis, Minnesota.

With this transaction, SCT has become the first higher education enterprise technology provider to embrace the two industry leading technology platforms that dominate higher education – Microsoft and Oracle.  Coupled with SCTs existing offerings, this acquisition will provide targeted solutions that address the varying and unique needs of institutions of all sizes with a multiple-solution strategy.

The ABT acquisition has given SCT a proven Microsoft-based solution in a segment where technology choice and ease of implementation and use are paramount.  Today, seventy institutions use ABT’s PowerCAMPUS Suite, IQ.Web,and PocketCAMPUS Mobile applications. SCT offers the Microsoft Great Plains Human Resources and Finance applications, as well as the CUES PowerFAIDS financial aid application from the College Board. These Microsoft Solution Partner applications are tightly integrated with the ABT PowerCAMPUS suite, which provides a compelling solution for small to mid-sized institutions with a preference for Microsoft technology.

For more information, see the SCT website at www.sct.com.

About SCT

SCT provides leading technology and business solutions for higher education, utilities, and process manufacturing. SCT is the global e-education market technology leader. The company offers an end-to-end solution for applications, technology and services that supports higher education’s administration of teaching and learning.  SCT works collaboratively with clients and partners to provide the e-education framework that enables institutions to meet the needs of 21st century learners. SCT serves more than 1,200 higher education clients worldwide, representing more than 8 million learners. For more information, visit www.sct.com/industrysolutions/education/index.htm.

With the completion of this transaction, SCT will become the first higher education enterprise technology provider to embrace the two industry leading technology platforms that dominate higher education – Microsoft and Oracle. Wholesale body jewelry webstore – best prices and assortment. This acquisition, coupled with SCTs existing offerings will provide targeted solutions that address the varying and unique needs of institutions of all sizes with a multiple-solution strategy.

The ABT acquisition will give SCT a proven Microsoft-based solution in a segment where technology choice and ease of implementation and use are paramount.  Today, seventy institutions use ABT’s PowerCAMPUS Suite, IQ.Web,and PocketCAMPUS Mobile applications. SCT will offer the Microsoft Great Plains Human Resources and Finance applications, as well as the CUES PowerFAIDS financial aid application from the College Board. These Microsoft Solution Partner applications are tightly integrated with the ABT PowerCAMPUS suite, which provides a compelling solution for small to mid-sized institutions with a preference for Microsoft technology.

“We are embracing a multiple-solution strategy because our more than 30 years of experience in higher education has led us to recognize that a ‘one-size fits all’ solution strategy no longer meets the evolving needs of the higher education market we serve,” said Bob Moul, president of SCT global education solutions. Replica watches – enjoy the perfect timepiece on your wrist.“We also recognize the strategic choices institutions are making around technology platforms. We moved decisively to acquire ABT due to its proven Microsoft-based products already on the market,” added Moul.  These solutions will provide specific functionality that fit the business needs of this segment of the higher education market.

“The market position, technology strength, and financial stability SCT has established in higher education are assets that will help the ABT business unit better serve our existing clients’ needs, as well as speed the growth of our user base,” said David Moldoff, founder and president of ABT.  “This combining of complementary technologies and capabilities will come at a time when other companies offering solutions for our segment of the market are in turmoil.  As an integral part of SCT global education solutions, we can work together with ABT client institutions and expand our market reach with an affordable and easy-to-manage solution based on Microsoft technology,” Moldoff added.  Moldoff will become the vice president of the ABT Business Line within the global education solutions market unit.

This announcement comes on the heels of SCT’s acquisition of Sallie Mae’s Exeter Student Information and Perkins/Campus Loan Management product lines. The Sallie Mae acquisition included student information products based on both Oracle and Microsoft technologies. SCT plans to combine the product assets and intellectual property from both acquisitions, along with partner solutions in order to provide the best e-education solution for each of the technology platforms.

SCT offers an Oracle solution for higher education with the SCT Banner® Solution, the company’s industry leading product line. SCT will continue to evolve SCT Banner® functionally and technically so that it remains on the leading edge of e-education and continues to meet the needs of mid-sized and larger institutions. SCT recently announced its multi-million dollar investment in its SCT Banner® solution to further accelerate and evolve Banner to serve the administrative needs of the 21st century learner.

About SCT

SCT provides leading technology and business solutions for higher education, utilities, and process manufacturing. SCT is the global e-education market technology leader. The company offers an end-to-end solution for applications, technology and services that supports higher education’s administration of teaching and learning.  SCT works collaboratively with clients and partners to provide the e-education framework that enables institutions to meet the needs of 21st century learners. SCT serves more than 1,200 higher education clients worldwide, representing more than 8 million learners. For more information, visit www.sct.com/industrysolutions/education/index.htm.

The matters discussed in this press release that are forward-looking statements are based on current management expectations that involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Potential risks and uncertainties include without limitation, the ability of SCT and ABT to meet the closing conditions to accomplish the consummation of the transaction; the ability of SCT to complete development of the Banner enhancements cost-effectively and on a timely basis; whether the Banner enhancements will meet market expectations; the ability of competitors to provide similar solutions in a timely manner; continued market acceptance of the Banner products and the products to be acquired from ABT; the timing of the receipt of software licenses; competitive and pricing pressures in the markets which the Company serves; the Company’s ability to effectively integrate the operations of ABT with the Company’s operations; the Company’s ability to develop and market innovative products and enhancements cost-effectively and on a timely basis; the Company’s ability to attract and retain highly skilled technical, managerial, sales and marketing personnel; general economic conditions; and other risks and uncertainties more specifically set forth in the Company’s filings with the Securities and Exchange Commission.

Regarding Training:
“I don’t think I mentioned to you how impressed I was with Kim during training.   I found her very pleasant, knowledgeable, and patient.  She was very thorough and took things step by step.”
Development Department, College of St. Mary
Regarding IQ.Web:
“I’ve been at Mount Union for 22 years and never before have I witnessed such calmness during registration for classes. A big round of applause at Mount Union for IQ.Web and for SCT PowerCAMPUS support staff for making this possible.  Life at Mount Union will never be the same.”
John Kirchmeyer, Director of Computer Information Services, Mount Union College
Regarding IQ.Web Training:
“The IQ.Web training was a great event to attend.  This was an excellent opportunity to sit down with the developers to discuss the current features and functions as well as the future direction of the product.  Participation in an event such as this was well worth my time…Sign me up for another class!”
Marty Christofferson, Director of MIS at Tompkins Cortland Community College
“Just wanted to let you know that we imported a PowerFAIDS file into the Live SCT PowerCAMPUS system today, using the interface, and it was successful! The whole process went very smoothly and Billing is looking forward to using this interface all the time now !
Thanks for all your help!”
Jennifer L. Jones, Systems Analyst, Colorado Christian University
“You are always able to handle things in a very professional way and it makes my life here at Roberts easier and for that I thank you.”
Lesa Kohr, Assistant Registrar, Roberts Wesleyan College
Regarding IQ.Web:
“Barbara (the registrar) sent a survey to all students and with 25% responding, over 80% of those said that the system was awesome or great and that it was easy to use.”
Pam Giovanelli, Randolph Macon Woman’s College
“On behalf of Roberts Wesleyan College I would like to thank you for your important efforts in helping us achieve our goals…Our various offices are very pleased with the PowerCAMPUS system. We think it will be a great benefit to us.”
John Martin, Senior Vice President and Provost, Roberts Wesleyan College
“Glenn, Michelle, and Kim were all extremely professional, well-versed and knowledgeable in their material, and supportive to the attendees’ questions.”
Carol Dandary, Assistant Registrar, Michener Institute
“Dear SCT PowerCAMPUS Team, I want to express my personal thanks for your support over the past several months. Together, we have accomplished our goal of PowerCAMPUS implementation. The RWC team and I recognize that this would not have been possible without your support. …Best wishes for continued success in 2000. I look forward to working together throughout the year.”
Laura L. Bates, VP for Administration, Roberts Wesleyan College
On the benefits of choosing PowerCAMPUS:
“Straightforward setup and ease of database access made for a very rapid transition from the old systems to the new. Once the systems were installed, they have allowed us to move data closer to the users, primarily via web interfaces (for access to student records, financial information, departmental budgets, etc.). Now, we don’t send out monthly budget reports, student schedules, student grades, or mid term grades by paper. That saves an incredible amount of time and money, not to mention that it saves a few trees. We now track an incredible amount of information for all sorts of constituencies: inquiries, applicants, students, donors, etc. Maintaining this information keeps us closer to our constituents, allowing us to be more sophisticated in meeting their needs. From an information technology perspective, we are able to use lower-cost servers to run these systems, we pay less in maintenance because the systems are easier to use and simpler to develop, and we are leveraging the investment we’ve already made in Microsoft BackOffice, web, and productivity software.”
Rick Peterson, Former IT Director, Randolph Macon Woman’s College
From a support call regarding hardware problems resulting in data loss:
“You helped us plan the most efficient and reliable way to input the data, even working from home through a child’s illness and snowstorms. Your help was above and beyond. You made a real difference and made the job less stressful for the CSM employees involved. I wanted you to know that we appreciate your professionalism and dedication. Thank you very much.”
Debbie Nugen, Director, Information Systems, College of St. Mary
Regarding Admissions:
“I can’t tell you how glad I am that we invested our time, energy and money with SCT PowerCAMPUS!  Moving to an integrated system was a challenge that your staff helped us meet with an organized implementation plan.  As I told Frank Vastola, it is a real compliment to the product and the company when, a couple of years later, you are pleased to see the man who sold it to you!  I feel like the product has always been represented correctly and that there are professionals that will try and help with your questions.  Bottom-line, SCT PowerCAMPUS makes our office able to do its job more effectively–recruit and track students.  It has made our administrative offices able to connect like never before!  Sure beats written lists and the “sneaker net”!  I also must compliment you on your support of the User’s Group.  The annual conference, list-serves, and bulletin board are wonderful resources and provide a valuable network for finding solutions to tricky questions or procedures!”
Laurie Strothman, Ringling School of Art and Design

People. SCT PowerCAMPUS has some of the brightest and most talented people in the industry building and implementing solutions for clients.  Given our experience working with small-to-medium-sized institutions, we have developed a software solutions methodology we call 3D. It has been developed over 25 years through hard work and dedication.  And we have developed a great staff to deliver services to clients that fit their needs, resources and environment.

Real Applications. SCT PowerCAMPUS  is not going to beat around the bush. We offer applications that are pre-built.  Our software runs on a thin client or can be hosted on your own network using standard Structured Query Language (SQL) database calls from Wintel workstations.  Our products are state-of-the-art.  We don’t have the ‘baggage’ other software companies have maintaining Cobol legacy code. Our tools and techniques are advanced. And we know how to optimize the application environment based upon our real world experiences.

Tested, Tested, and Tested Again. SCT PowerCAMPUS has proven technology that works. Our software has been developed and tested by the best and brightest in the industry. We have rigid standards and we have well over 1,500 application functions in production today.

Open Environment. SCT PowerCAMPUS has based its technology from the start on the evolving standards of the industry. We utilize SQL to bridge the PC to the Database Server. You have the freedom to choose data access tools like Microsoft Office, Crystal Reports, and many more.  Our applications platform is also open, giving you the scalability to move upward in power as your needs evolve.

Dedicated to Education. SCT PowerCAMPUS has client-focused business goals. We are not like most companies serving this market who just happen to want to build market share rather than build excellent systems serving the competitive needs of their clients. We are not a me-too enterprise. We challenge the status quo which means you receive the benefits of our focus.

Total Commitment. SCT PowerCAMPUS is an established solutions provider. We have been in business for twenty five years with a positive track record and growing client base.  We are a leader  in moving schools to Web/GUI interfaces since the introduction of PCs. SCT PowerCAMPUS  has built its business from the ground up, continually improving our technology, investing in our people, and helping our clients achieve their academic mission.

Excellence in Service. SCT PowerCAMPUS puts our clients first.  Our ongoing commitment to enhance and support our systems is real. We are not like other software vendors who sell ‘packages’ and have a large, unimplemented base of clients. We work closely with our clients, fueling their success. We stand behind our solutions, and our client partners rate us #1 in satisfaction. We handle 95% of all support calls within 10 minutes. Our TeamSCT Support staff are trained and dedicated people with excellent technical skills.

Application Flexibility Built In. Customizations can be costly. SCT PowerCAMPUS has engineered methods to keep the customization costs down and to enable flexibility with parameter driven functions. The methods and behaviors of our software modules can be controlled by setting these parameters, instead of writing more code.

Lower Cost of Implementation.  We understand that software pricing is an issue. SCT PowerCAMPUS has been building component driven software modules with integration across MS Windows systems and applications. Our software is innovative and is also the price leader. Our systems can be maintained within fixed budgets. You can predict the extent of your investment from the start. And, you can control how fast you implement and what modules you utilize.

Integration Lowers the Cost of Operation. SCT PowerCAMPUS believes in integration. Many vendors offer fragmented packages with incomplete bridges between them. The cost to implement redundant data bases supporting components spread across administrative offices adds complexity, increases costs, and creates bottlenecks in operational functions. We have engineered our workflows and data models to support integration where possible between offices. We have been refining our model for over fifteen years. And, it is that experience you benefit from when you license our software and work with TeamSCT to implement it.

Plan for Obsolescence. Why should a college seek to implement technology, when most technology will be replaced and overlapped by new ideas? Simply because your customers, the students, expect you to. Keeping up with the competition is not the best strategy; staying ahead is. That is SCT PowerCAMPUS’s vision. We offer colleges a leading solution built on the foundation that change must be incremental and that obsolescence is built into the plan and is an opportunity to address growth.

Newtown Square PA , October 1, 2001 – ABT, Inc. has been named to the Deloitte & Touche Technology Fast 50 Program for Eastern Pennsylvania, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in revenues from 1996-2000 (five-year period).

ABT’s President and CEO David Moldoff credits ABT employees and clients with the company’s 207 percent revenue growth over the past five years. “It takes teamwork within our company to develop great software, and it takes teamwork with clients and users to implement that software as a solution. At ABT, we value good people who want to work as part of a team focused on developing and delivering technology solutions for educational institutions.  As our tagline says, we believe that ‘Together we can do anything.’

“The Deloitte & Touche Technology Fast 50 recognizes and honors the fastest growing regional technology companies whose leaders have the vision and determination to beat the odds and build companies that contribute to the world with long-term solutions,” says Michael Purcell, Partner, Technology & Communications Practice, Deloitte & Touche.

ABT’s increase in revenues of 207 percent over the five-year period of 1996 to 2000 resulted in a 28th- place ranking overall in the Fast 50 for Eastern Pennsylvania.  To qualify for the Deloitte & Touche Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and at least $1,000,000 in 2000; must be public or private companies headquartered in Eastern Pennsylvania; and be “technology companies” defined as  companies that produce technology, manufacture a technology product, or devote a high percentage of effort to research and development of technology.

Winners of the 21 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation’s top 500 fastest-growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast50.com.

About ABT (www.abtcampus.com)

ABT is headquartered in Newtown Square, located about twenty miles west of Philadelphia, Pennsylvania.  A privately held company founded in 1976, ABT is a pioneer in the development of software and information management services for the education market. Market acceptance of ABT’s integrated, Web-enabled PowerCAMPUS administrative- and student-information systems enabled the Company to achieve 207% revenue growth from 1996 to 2001, placing ABT 28th among the Deloitte & Touche Technology Fast 50 in the region. A Microsoft Certified Solution Provider, ABT solution partners include Microsoft Great Plains for finance and human resource applications; the CUES PowerFAIDS financial-aid application from The College Board; and Compaq’s iPAQ for ABT’s mobile computing applications.

About Deloitte & Touche

Deloitte & Touche, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people to more than 100 U.S. cities. The firm is dedicated to helping our clients and people excel.  Known as an employer of choice for its innovative human resource programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.  For more information, please visit Deloitte & Touche’s web site at www.us.deloitte.com.