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Maconomy to automate service industry business processes with Nokia WAP technology

January 7, 2000 - Maconomy Corporation, today announced that they will use Nokias WAP tools to develop solutions to automate the service industry. Maconomy plans to integrate Nokia WAP technology in their browser/internet based Timesheet & Expense ("T&E") report capture solutions.

The initiative expands the reach of corporate intranets, as it allows employees to access and update project information on-line, anytime, anywhere, using a WAP-enabled mobile phone. The initiative also includes the release of the first WAP-based Timesheet & Expense capture front-ends, for large service enterprises.

Nokia business development director, Bjorn Bagge says: "We expect that WAP technology will fundamentally change how service enterprises run their business. To be on-line, anytime, anywhere and be able to exchange corporate project information, truly improves the unique mobility requirements of the service industry."

Maconomy CEO, Per Tejs Knudsen, comments: "Our mission is to offer business software to automate the service industry. WAP technology is a natural progression after the success of the Internet. Being on-line with your corporate information system, only using a mobile phone, allows fast and accurate updating of corporate production data from employees working anywhere."

Many service enterprises, for instance consultancies, IT organizations, advertising agencies and accountancies currently exploit browser/internet based Timesheet & Expense ("T&E") report capture, as it supports the virtual nature of the organization. WAP based T&E data capture dramatically expands the flexibility and easy-access to the corporate intranet.

About Maconomy
Maconomy, based in Copenhagen offers WEB-centric business software for the automation of the services industries. This includes wall-to-wall support of intra-corporate business processes within services enterprises, as well as support of inter-company business integration. The Maconomy product offering includes full back-office functionality for multi-company, -currency, -lingual accounting, project management, billing, as well as relevant CRM and SCM front-ends, such as Java/HTML based timesheet and expense reports, WEB-shop/e-commerce, requisitions for external project purchases, procurement, and contact management. Maconomy has 250 employees globally across US and Europe and over 500 customers, including US customers like American Express, AVIS, and OgilvyPR, and European customers like KPMG, Deloitte and Touche, Saatchi and Saatchi, Guide and Telia. Visit www.maconomy.com and look under Solutions for more information on WAP.

About Nokia
Nokia is paving the way to the mobile information society with its innovative products and solutions. Nokia is the leading mobile phone supplier and a leading supplier of mobile, fixed and IP networks including related services. It also supplies multimedia terminals and computer displays. In 1998, net sales totaled EUR 13.3 billion (USD 15.7 billion). Headquartered in Finland, Nokia is listed on the New York (NOK), Helsinki, Stockholm, London, Frankfurt and Paris stock exchanges and employs more than 53 000 people. Internet: www.nokia.com

About WAP
The Wireless Application Protocol (WAP) is an open, global specification that empowers mobile users with wireless devices to easily access and interact with information and services instantly. For more information about WAP see: www.wapforum.org.

Contact information:
Elena Tsapatolis
Maconomy Corporation
Tel. (Int.) +45 35 27 79 00
Fax: (Int.) +45 53 27 79 10
E-mail: [email protected]

Maarit Oikarinen
Nokia Internet Communications
Tel. (Int.) +358 40 5217844
Fax: (Int.) +358 3 318 3650
E-mail: [email protected]