Announcements
Duff & Phelps renders fairness opinion in Click Commerce, Inc.'s (NASDAQ: CKCM) acquisition of Optum, Inc.
02.07.05

CHICAGO, Illinois - February 7, 2005. Duff & Phelps, LLC served as buy-side financial advisor and rendered a fairness opinion to the board of directors of Click Commerce, Inc. (NASDAQ: CKCM) in its acquisition of Optum, Inc. (Costa Mesa, CA / White Plains, NY).

As consideration for the acquisition, Click Commerce will issue approximately 1,500,000 shares of its common stock, assume approximately $4,500,000 of Optum indebtedness, and incur various transaction-related expenses.

Click Commerce, Inc. (Chicago, IL) provides extranet solutions for channel management, collaborative commerce, and compliance automation. Enterprises and institutions in the manufacturing, high tech, financial services, retail, healthcare and higher education industries utilize the Company's solutions. Click Commerce enables corporations such as Microsoft, Delphi, Honda, Citibank, FedEx, Carrier, Samsung, Kawasaki, Logitech, Hitachi, and Tellabs to accelerate revenue, lower costs, increase brand loyalty, and improve customer service. Six of the top 10 research institutions in North America, including Johns Hopkins University, the University of Washington, and the University of Michigan, use the company's compliance automation software to automate their regulatory compliance processes and manage research project approvals.

Optum, Inc. (Costa Mesa, CA / White Plains, NY) provides on-demand, open-standards supply chain execution solutions that enable, coordinate and optimize business processes both within the four walls of an enterprise and across a multi-tier supply chain network. By leveraging Optum's ECO eXecution Solutions and proven deployment methodology, companies can transform their supply chains into responsive and adaptive value-generating networks. Optum has more than 600 global deployments. Customers include market leaders such as Avnet, Bausch & Lomb, Dillen, Eagle Global Logistics, Home Shopping Network, InterState Battery, Invacare, LearJet, Lucent, NCR, Pier 1 Imports, Rheem, Ryder, StorageTek, TNT, Tyco Electronics, UniSource, VeriFone and Zales. Optum's more than 20 years of supply chain experience, advanced leading technologies and customer support allow companies to improve working capital control, speed order-to-cash cycles, and lower cost of deployment and ownership.

Duff & Phelps is a national investment banking and financial advisory firm focused on providing merger and acquisition, private placement, valuation, financial opinion and restructuring services. Since 1932, Duff & Phelps has been committed to delivering independent advice and service of exceptional quality to a broad range of public and private companies.