Textron Seeks E-business Leadership in Automotive, Aircraft, Finance and Industrial Markets

Cambridge Technology Partners, Inc. (NASDAQ: CATP – news; Cambridge), a global e-integration services provider, today announced details of its partnership with Textron Inc. which is helping transform the $11.6 billion global conglomerate into an e-leader across major industrial sectors. Textron’s key businesses include aircraft, automotive, industrial and finance, with familiar brand names that range from Bell Helicopter and Cessna Aircraft to E-Z-GO golf carts. Textron is #154 in the Fortune 500, with 68,000 employees worldwide.

Cambridge is working together with members of Textron’s e-Business Council on initiatives that will allow Textron to take better advantage of the opportunities posed by the New Economy. These initiatives range from online procurement, sales and distribution to Web-enabled applications and other solutions. “Textron is changing its business processes to fully embrace the Internet,” said Ken Bohlen, Chief Innovation Officer at Textron Inc. “We are working with Cambridge, as a catalyst and facilitator of “JumpSmarts,” to educate and energize our business adapt to new business models.”

Textron has already moved forward on a number of fronts. Cambridge’s Digital Business Strategy group and Management Lab, is conducting a series of e-Strategy Workshops and JumpSmarts across Textron’s various business units, to further ensure that key stakeholders are educated on the opportunities presented by the Internet. These educational sessions are also critical in helping to set the direction for their own e-Business programs designed to give each business unit a competitive edge.

Most importantly, many divisions are already taking action on opportunities to move forward in the New Economy. For example, Textron recently launched www.assetcontrol.com, a joint B2B venture among Textron Financial Corporation (TFC), Entrade Inc., ATM Service Ltd., and Safeguard Scientifics. The site acts as a marketplace for the online resale of surplus industrial equipment, excess inventory and commercial real estate. The use of this online market is creating efficiency and saving money for Textron and its partners.

Cambridge’s role in helping Textron align itself more closely with the New Economy is part of a partnership between Textron and Safeguard Scientifics, Cambridge’s primary investor. Textron recently invested in and formed a strategic alliance with Safeguard, a leading business-to-business Internet holding and operating company with an extended network of 250 Internet-related companies. As part of this partnership, Cambridge was chosen by Textron develop a company-wide e-business strategy and is coordinating with other members of the Safeguard network in its implementation.

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“Textron recognizes the impact that new business models are having on the economy today,” said Dave Cozzens, vice president of digital business strategy for Cambridge Technology Partners. “By working with Cambridge and Safeguard they are taking advantage of these unprecedented ways of doing business in order to catapult their finance, aerospace and other businesses into the forefront of the New Economy.”

About Textron

Textron Inc. is an $11.6 billion, global multi-industry company with market-leading businesses in Aircraft, Automotive, Industrial and Finance. Textron has a workforce of over 68,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine’s “Global Most Admired Companies.” Additional information is available on www.textron.com.

About Cambridge Technology Partners

Cambridge Technology Partners provides management consulting and systems integration services to transform its clients into e-Businesses. Working in collaboration with Global 1000, high-velocity middle market companies and dot-com companies, Cambridge combines a deep understanding of New Economy issues with integrated, end-to-end services, and a proven track record of shared risk and rapid, guaranteed delivery. Cambridge generated $628.1 million in revenue in 1999, with $243.3 million from its global e-Business solutions. Cambridge has approximately 4,000 employees and 53 offices worldwide. Cambridge is a Safeguard Scientifics (NYSE: SFE – news) partner company. Cambridge on the Web: www.ctp.com.