TeleTech Launches CyberCare Financial Services: An Around-the-Clock, Multi-channel Solution

DENVER, July 11 /PRNewswire/ -- TeleTech Holdings, Inc. (Nasdaq: TTEC), a leading global provider of e-commerce-enabling customer management solutions, today announced the global release of CyberCare(TM) Financial Services (FS), an electronic customer relationship management (eCRM) application for the financial services marketplace.

Jointly produced by TeleTech and SAIC's Broadway & Seymour Group, CyberCare(TM) FS integrates best-of-breed software, systems integration capabilities, customer care resources, and business applications. The FS platform, available around the world, transforms brick-and-mortar financial institutions to click-and-mortar one-stop shops, allowing customers to initiate online interactions anytime, anywhere, any way. CyberCare(TM) FS enables banks, brokerage firms, and insurance companies to provide eCRM solutions to a customer base increasingly demanding service across multiple media channels.

"Part of TeleTech's strategy is to provide eCRM solutions specialized to our clients' different market needs," said Michael Graham-Hyde, senior vice- president and chief marketing officer, TeleTech. "CyberCare(TM) FS is one of a number of industry-focused solutions that TeleTech will deliver over the next few quarters, particularly for the financial services, telecommunications and high-tech industries."

Through state-of-the-art sales and service technology, CyberCare(TM) FS maintains and delivers all transaction opportunities for existing and prospective customers. The technology features blended voice, email, Web contact, self-help capabilities, and online agent tools. CyberCare(TM) FS incorporates this functionality with many financial services-specific features, including electronic customer profiling, loan origination, account opening, and opportunity/referral tracking.

All of these features find support in CyberCare(TM) FS's highly scalable eCRM environment, promoting a channel-independent, customer-centric approach. The architecture is multi-tired for greater flexibility and scalability. CyberCare(TM) FS maintains over two dozen interfaces to third party software systems that are widely used in the financial services industry.

TELETECH PROFILE

Founded in 1982, TeleTech is the leading provider of integrated, e-commerce-enabling customer management solutions (eCRM) for global organizations predominantly in the telecommunications, financial services, technology, government and transportation industries. Its innovative customer interaction platform, CyberCare(TM), integrates the full spectrum of voice and Internet communications, including custom e-mail response, "chat" and extensive Web co-browsing capabilities. TeleTech operates 12,800 state-of-the-art customer interaction center workstations and employs 16,900 people in nine countries. Through 33 customer interaction centers in the Americas, Europe and Asia, TeleTech couples high-velocity e-infrastructure service deployment with premier quality e-customer relationship management to assure our clients/partners unparalleled success in acquiring, retaining and growing customer relationships.

Information regarding TeleTech Holdings can be found on the Worldwide Web at http://www.teletech.com.

FORWARD LOOKING STATEMENTS

All statements not based on historical fact are forward-looking statements that involve substantial risks and uncertainties. In accordance with the Private Securities Litigation Reform Act of 1995, following are important factors that could cause TeleTech's actual results to differ materially from those expressed or implied by such forward-looking statements: lower than anticipated customer interaction center capacity utilization; the loss or delay in implementation of a customer management program; TeleTech's ability to build-out facilities in a timely and economic manner; greater than anticipated competition from new entrants into the customer care market, causing increased price competition or loss of clients; the loss of one or more significant clients; higher than anticipated start-up costs associated with new business opportunities; TeleTech's ability to predict the potential volume or profitability of any future technology or consulting sales; TeleTech's agreements with clients may be canceled on relatively short notice; and TeleTech's ability to generate a specific level of revenue is dependent upon customer interest in and use of the Company's clients' products and services. Readers are encouraged to review TeleTech's 1999 Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which describe other important factors that may impact TeleTech's business, results of operations and financial condition.

SOURCE TeleTech Holdings, Inc.

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CONTACT: Claire Maledon, Media Relations, 720-947-6182,
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TeleTech Holdings, Inc.