SOURCE: Chordiant Software

May 19, 2005 08:00 ET

Time Warner Cable Selects Chordiant for Strategic Real-Time Decision Management

Delivers Analytics and Strategic Decisioning to Improve Subscriber Cross-Sell, Up-Sell and Retention

CUPERTINO, CA -- (MARKET WIRE) -- May 19, 2005 -- Chordiant Software, Inc. (NASDAQ: CHRD), a solutions leader in automating and managing operational marketing processes for leading service-driven organizations, today announced that Time Warner Cable has selected the Chordiant Decision Management suite to automate and improve the effectiveness of its multi-channel Cross-sell, Up-Sell and Retention initiatives as part of its Customer Value Creation (CVC) roadmap. Time Warner Cable created the CVC roadmap to deliver an effective and consistent customer service center experience across each of its 31 divisions. As part of the CVC roadmap, Time Warner Cable selected Chordiant Marketing Director as well as the Chordiant Enterprise Platform and has been a Chordiant customer since March 2004.

Time Warner Cable owns and manages cable systems serving 10.9 million subscribers in 27 states, which include some of the most technologically advanced, best-clustered cable systems in the country with more than 75% of the company's customers in systems of 300,000 subscribers or more.

The CVC roadmap has been created to identify initiatives that best support achieving its business objectives of enhanced growth through improvements in acquisition, cross-sell/up-sell, retention, customer satisfaction, and sales and service efficiency.

"Utilizing Chordiant solutions in both the marketing and customer service areas of our business has already reaped significant rewards," said Frank Boncimino, Time Warner Cable, Chief Information Officer. "Our continued investment in Chordiant solutions, specifically the Chordiant Decision Management solution, helps us reaffirm our commitment to incorporating the best solutions and technology available to service our customers."

The decision to add Chordiant Decision Management into the CVC program was driven by Time Warner Cable's desire to best achieve business objectives and to do this in a pro-active manner using highly effective statistical models, managed through a business user capable strategic solution.

"Having a company with the stature of Time Warner Cable select our Decision Management suites continues to validate Chordiant's role as a leading provider of Enterprise Sales, Service and Marketing solutions," said Rob Mullen, Chordiant president, worldwide field operations. "The nuances of their division-based business model required advanced and highly scalable enterprise solutions which are the core of Chordiant's solutions suite."

Chordiant's Decision Management Suite provides an integrated platform for modeling, developing, deploying, making and monitoring decisions. The suite is designed for business users managing large numbers of models and associated decisions. Predictive models are developed on historic data, which in turn are integrated with business rules and strategies. The resulting decision logic is mapped to operational processes, and is then used for real-time customer interaction decisioning in sales, service and marketing applications across different channels. Business performance and compliance is analyzed with change requirements being identified for improving the decisioning process.

About Chordiant Software, Inc.:

Chordiant (NASDAQ: CHRD) solutions automate and manage operational business processes for leading service-driven global organizations in retail finance, telecommunications and consumer direct industries. Chordiant orchestrates the unique processes of an organization from the point of customer interaction, through the front and back offices to multiple transactional systems, corporate applications and data stores. Our solutions integrate existing infrastructure to orchestrate the assembly, enhancement and delivery of optimal role based business processes to the appropriate channels. Business value is realized through improved employee productivity, savings in operational costs, and increased business adaptability. Headquartered in Cupertino, California, Chordiant maintains offices in Boston, MA; Mahwah, NJ; Manchester, NH.; New York City; London; Paris; Amsterdam; and Munich.

Safe Harbor

This news release includes "forward-looking statements" that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. Forward-looking statements in this release are generally identified by words, such as "believes," "anticipates," "plans," "expects," "will," "would," "guidance," "projects" and similar expressions which are intended to identify forward-looking statements. There are a number of important factors that could cause the results of Chordiant to differ materially from those indicated by these forward-looking statements, including, among others, potential difficulties in the assimilation of operations, strategies, technologies, personnel and products of acquired companies and technologies, the impact of perceived or actual weakening of economic conditions on customers' and prospective customers' spending on Chordiant software and services; quarterly fluctuations in Chordiant's revenues or other operating results; failure by Chordiant to meet financial expectations of analysts and investors, including failure resulting from significant reductions in demand from earlier anticipated levels; risks related to market acceptance of Chordiant's products; customization and deployment delays or errors associated with Chordiant products; impact of long sales and implementation cycles for certain Chordiant products; reliance by Chordiant on a limited number of customers for a majority of its revenues; Chordiant's need to retain and enhance business relationships with systems integrators and other parties; Chordiant's use in its products of third-party software; activities by Chordiant and others regarding protection of intellectual property; and competitors' release of competitive products and other actions. Further information on potential factors that could affect the financial results of Chordiant are included in risks detailed from time to time in Chordiant's Securities and Exchange Commission filings, including without limitation Chordiant's Transition Report on Form 10-K/T and Quarterly Reports filed on Form 10-Q. These filings are available on a Web site maintained by the Securities and Exchange Commission at http://www.sec.gov. Chordiant does not undertake an obligation to update forward-looking or other statements in this release.

Chordiant and the Chordiant logo are registered trademarks of Chordiant Software, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

Contact Information