Excite Europe Selects CODA-Financials for European Operations

Provides Centralized Financial Information

To Manage Development of Country-Specific Web Portals Throughout Europe



Apr 23, 2001, 01:00 ET from CODA plc

    LONDON, April 23 /PRNewswire/ -- CODA plc has announced a significant
 order for its CODA-Financials software from Excite Europe Limited, a leading
 provider of personalized Internet search engine and navigation portal
 applications.  CODA-Financials will provide Excite's European headquarters
 with centralized financial management information across its entire European
 operation, including offices in France, Germany and Spain.  Excite selected
 CODA-Financials because of its multi-currency and reporting capabilities,
 which will help to support Excite's individual offices in their development of
 personalized, country-specific Web portals. Other products reviewed by Excite
 included Great Plains and Oracle Financials.
     CODA-Financials will consolidate financial information from Excite's
 finance and administration, marketing, production, business development and
 sales cost centers across its European sites.  CODA-Financials will go live at
 Excite UK and Excite Spain in July, with Excite France and Excite Germany
 following by the end of the year.
     Stephen Bath, European Financial Controller, Excite, said:
 "CODA-Financials will allow us to consolidate and analyze financial
 information from Excite UK and Excite Spain, in both local currencies and the
 euro, and then consolidate this into US Dollars for our shareholders
 -- all from one system, based at our London headquarters.  A company's
 accounting system is key to its business success, and CODA's expertise
 guarantees that we will receive the service we require."
 
     About CODA
     CODA plc is a leading global provider of Internet-architected financial
 accounting and procurement software.  CODA's best-of-breed solutions enable
 fast-moving multi-national organizations to move to a truly collaborative
 environment by making real-time financial and procurement information
 available to suppliers and customers across the supply chain.  More than
 2,000 companies worldwide use CODA solutions to maximize value in
 Business-to-Business and Business-to-Consumer environments including
 IKEA, UUNet, Gerling Insurance, easyJet and Virgin V Shops.
     CODA is headquartered in the UK, has global support operations and employs
 400 people worldwide.  CODA's parent company, Science Systems Plc, is listed
 on the Alternative Investment Market of the London Stock Exchange
 (stock symbol: SSY).  Additional information about CODA is available at:
 http://www.coda.com .
 
     Notes
     An electronic image is available at:
 http://www.iba-europe.com/coda/excite.jpg
 
 

SOURCE CODA plc
    LONDON, April 23 /PRNewswire/ -- CODA plc has announced a significant
 order for its CODA-Financials software from Excite Europe Limited, a leading
 provider of personalized Internet search engine and navigation portal
 applications.  CODA-Financials will provide Excite's European headquarters
 with centralized financial management information across its entire European
 operation, including offices in France, Germany and Spain.  Excite selected
 CODA-Financials because of its multi-currency and reporting capabilities,
 which will help to support Excite's individual offices in their development of
 personalized, country-specific Web portals. Other products reviewed by Excite
 included Great Plains and Oracle Financials.
     CODA-Financials will consolidate financial information from Excite's
 finance and administration, marketing, production, business development and
 sales cost centers across its European sites.  CODA-Financials will go live at
 Excite UK and Excite Spain in July, with Excite France and Excite Germany
 following by the end of the year.
     Stephen Bath, European Financial Controller, Excite, said:
 "CODA-Financials will allow us to consolidate and analyze financial
 information from Excite UK and Excite Spain, in both local currencies and the
 euro, and then consolidate this into US Dollars for our shareholders
 -- all from one system, based at our London headquarters.  A company's
 accounting system is key to its business success, and CODA's expertise
 guarantees that we will receive the service we require."
 
     About CODA
     CODA plc is a leading global provider of Internet-architected financial
 accounting and procurement software.  CODA's best-of-breed solutions enable
 fast-moving multi-national organizations to move to a truly collaborative
 environment by making real-time financial and procurement information
 available to suppliers and customers across the supply chain.  More than
 2,000 companies worldwide use CODA solutions to maximize value in
 Business-to-Business and Business-to-Consumer environments including
 IKEA, UUNet, Gerling Insurance, easyJet and Virgin V Shops.
     CODA is headquartered in the UK, has global support operations and employs
 400 people worldwide.  CODA's parent company, Science Systems Plc, is listed
 on the Alternative Investment Market of the London Stock Exchange
 (stock symbol: SSY).  Additional information about CODA is available at:
 http://www.coda.com .
 
     Notes
     An electronic image is available at:
 http://www.iba-europe.com/coda/excite.jpg
 
 SOURCE  CODA plc