Aperian Announces Restructuring Following Merger With Fourthstage Technologies

Apr 20, 2001, 01:00 ET from Aperian, Inc.

    AUSTIN, Texas and PHOENIX, April 20 /PRNewswire Interactive News Release/
 -- Aperian, Inc. (Nasdaq:   APRN) today announced it is taking significant steps
 to restructure following its merger with Fourthstage Technologies
 (Fourthstage), the successful Phoenix-based managed services provider and
 product integrator.  Aimed at growing top-line revenues, aggressively reducing
 costs and achieving profitability, the restructuring will result in changes to
 the company's customer base, workforce and board of directors composition.
 
     Customer base
     The company will focus primarily on providing large enterprise customers
 with products and technologies as well as managed and professional services.
 It will also develop and provide enterprise-level managed services offerings
 via its state of the art Network Operations Control Centers (NOCC).  Formerly,
 Aperian concentrated primarily on providing small and medium-sized customers
 with Web hosting services.
     Kevin Craig, co-CEO of Aperian, called the shift in customer base and
 product focus "a necessary course correction."  Fourthstage captured
 significant market share and has achieved success by delivering high-quality
 products, services and technologies to its enterprise base.  The synergies of
 the two companies should provide customers with increased economies and expand
 our service offerings to our enterprise customers' demanding infrastructure
 requirements.
 
     Workforce
     The company's workforce is being grouped into individual profit centers --
 a proven organizational model already in use by Fourthstage.  As a result of
 the across-the-board alignment into profit centers, the company will reduce
 its total workforce by 77 positions.
     Future hiring, which will follow realized revenue growth, will take place
 primarily in customer-focused profit centers such as Enterprise Solutions,
 Communications Solutions and Professional Services & Engineering.
     "The profit center model promotes profitability and accountability, which
 enables us to run a high-producing, streamlined organization to serve our
 nationwide customers," said Craig.
 
     Board of Directors
     Also reduced was the size of the company's board of directors.  Down from
 ten to seven members, the board now includes co-CEOs Robert Gibbs and Kevin
 Craig, COO Wayne Irwin and outside directors David Ghermezian, Davinder Sethi,
 Joe Tippens and Mark Weiss.  Weis and Ghermezian are new to the board.
     "Mark and David bring tremendous depth to the board and each recognizes
 our need to focus on improving shareholder value," said Gibbs.  "What's more,
 they are already aligned with the full board's commitment to immediately
 reducing costs, growing revenues and increasing market share."
     Mark Weiss has served as a director with Fourthstage since its founding
 and is a senior partner with Weiss & Moy, P.C., a law firm specializing in
 corporate and intellectual property law.
     Ghermezian has served on the Fourthstage's board of directors since
 December 1999.  He is the senior vice president of Triple Five Investments,
 Ltd. a prominent real estate company that operates assets such as the West
 Edmonton Mall in Alberta, British Columbia.  Ghermezian is responsible for all
 Triple Five real estate operations in the western United States.  He serves on
 the board of several other investment and technology companies such as Seven
 Crowns Corporation and Peoples Trust, Ltd., a Vancouver-based financial
 institution.  He is a member/partner of Selby Venture Partners LLC.
 
     About the combined company
     Aperian, Inc. is a managed services provider and product integrator.  The
 company provides its customers with the latest innovations in architectures,
 infrastructures, professional services, applications and technology products.
 Armed with leading edge technologies from Sun Microsystems, Hewlett-Packard,
 Oracle, Veritas, EMC, Network Appliance, Storagetek and Cisco Systems, the
 company designs and implements high availability solutions.  Complementing
 this strong enterprise integration business, the company is also a leading
 innovator and developer of patents in the use and implementation of next
 generation applications architectures and technologies.
 
     The statements made by Aperian may be forward-looking in nature.  Actual
 results may differ materially from those projected in forward-looking
 statements.  Aperian believes that its primary risk factors include, but are
 not limited to:  the need for substantial financing requirements; the need for
 continued growth in the market for business-related Internet solutions; the
 need to develop effective internal processes and systems; the ability to
 attract and retain high quality employees; changes in the overall economy;
 changes in technology; the number and size of competitors in its markets;
 changes in the law and regulatory policy; and the mix of product and services
 offered in Aperian's target markets.  Additional discussion of these and other
 factors affecting Aperian's business and prospects is contained in Aperian
 periodic filings with the Securities and Exchange Commission.  Aperian, the
 Aperian logo, DOCC and Built for Broadband are trademarks of Aperian, Inc.
 Aperian disclaims any proprietary interest in the marks and names of others.
 
      Media Contact:
      Colleen Ryan
      cryan@aperian.com
      512.226.8699
 
      Investor Contact:
      fmilano@aperian.com
      Frank Milano
      512.226.8664
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X48731858
 
 

SOURCE Aperian, Inc.
    AUSTIN, Texas and PHOENIX, April 20 /PRNewswire Interactive News Release/
 -- Aperian, Inc. (Nasdaq:   APRN) today announced it is taking significant steps
 to restructure following its merger with Fourthstage Technologies
 (Fourthstage), the successful Phoenix-based managed services provider and
 product integrator.  Aimed at growing top-line revenues, aggressively reducing
 costs and achieving profitability, the restructuring will result in changes to
 the company's customer base, workforce and board of directors composition.
 
     Customer base
     The company will focus primarily on providing large enterprise customers
 with products and technologies as well as managed and professional services.
 It will also develop and provide enterprise-level managed services offerings
 via its state of the art Network Operations Control Centers (NOCC).  Formerly,
 Aperian concentrated primarily on providing small and medium-sized customers
 with Web hosting services.
     Kevin Craig, co-CEO of Aperian, called the shift in customer base and
 product focus "a necessary course correction."  Fourthstage captured
 significant market share and has achieved success by delivering high-quality
 products, services and technologies to its enterprise base.  The synergies of
 the two companies should provide customers with increased economies and expand
 our service offerings to our enterprise customers' demanding infrastructure
 requirements.
 
     Workforce
     The company's workforce is being grouped into individual profit centers --
 a proven organizational model already in use by Fourthstage.  As a result of
 the across-the-board alignment into profit centers, the company will reduce
 its total workforce by 77 positions.
     Future hiring, which will follow realized revenue growth, will take place
 primarily in customer-focused profit centers such as Enterprise Solutions,
 Communications Solutions and Professional Services & Engineering.
     "The profit center model promotes profitability and accountability, which
 enables us to run a high-producing, streamlined organization to serve our
 nationwide customers," said Craig.
 
     Board of Directors
     Also reduced was the size of the company's board of directors.  Down from
 ten to seven members, the board now includes co-CEOs Robert Gibbs and Kevin
 Craig, COO Wayne Irwin and outside directors David Ghermezian, Davinder Sethi,
 Joe Tippens and Mark Weiss.  Weis and Ghermezian are new to the board.
     "Mark and David bring tremendous depth to the board and each recognizes
 our need to focus on improving shareholder value," said Gibbs.  "What's more,
 they are already aligned with the full board's commitment to immediately
 reducing costs, growing revenues and increasing market share."
     Mark Weiss has served as a director with Fourthstage since its founding
 and is a senior partner with Weiss & Moy, P.C., a law firm specializing in
 corporate and intellectual property law.
     Ghermezian has served on the Fourthstage's board of directors since
 December 1999.  He is the senior vice president of Triple Five Investments,
 Ltd. a prominent real estate company that operates assets such as the West
 Edmonton Mall in Alberta, British Columbia.  Ghermezian is responsible for all
 Triple Five real estate operations in the western United States.  He serves on
 the board of several other investment and technology companies such as Seven
 Crowns Corporation and Peoples Trust, Ltd., a Vancouver-based financial
 institution.  He is a member/partner of Selby Venture Partners LLC.
 
     About the combined company
     Aperian, Inc. is a managed services provider and product integrator.  The
 company provides its customers with the latest innovations in architectures,
 infrastructures, professional services, applications and technology products.
 Armed with leading edge technologies from Sun Microsystems, Hewlett-Packard,
 Oracle, Veritas, EMC, Network Appliance, Storagetek and Cisco Systems, the
 company designs and implements high availability solutions.  Complementing
 this strong enterprise integration business, the company is also a leading
 innovator and developer of patents in the use and implementation of next
 generation applications architectures and technologies.
 
     The statements made by Aperian may be forward-looking in nature.  Actual
 results may differ materially from those projected in forward-looking
 statements.  Aperian believes that its primary risk factors include, but are
 not limited to:  the need for substantial financing requirements; the need for
 continued growth in the market for business-related Internet solutions; the
 need to develop effective internal processes and systems; the ability to
 attract and retain high quality employees; changes in the overall economy;
 changes in technology; the number and size of competitors in its markets;
 changes in the law and regulatory policy; and the mix of product and services
 offered in Aperian's target markets.  Additional discussion of these and other
 factors affecting Aperian's business and prospects is contained in Aperian
 periodic filings with the Securities and Exchange Commission.  Aperian, the
 Aperian logo, DOCC and Built for Broadband are trademarks of Aperian, Inc.
 Aperian disclaims any proprietary interest in the marks and names of others.
 
      Media Contact:
      Colleen Ryan
      cryan@aperian.com
      512.226.8699
 
      Investor Contact:
      fmilano@aperian.com
      Frank Milano
      512.226.8664
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X48731858
 
 SOURCE  Aperian, Inc.