SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): FEBRUARY 18, 2000
(Exact Name of Registrant as
Specified in Charter)
(Commission File No.)
(State or Other Jurisdiction
One USI Plaza
Annapolis, Maryland 21404-7478
(Address of Principal
number, including area code)
ITEM 5. OTHER EVENTS
On February 18, 2000 USINTERNETWORKING Inc. ("the Company"), issued the
press release filed herewith as Exhibit 99.1 in connection with entering into
a cooperative marketing agreement with AT&T pursuant to which USi and AT&T
will jointly market and deliver ASP services to mid-market and high-growth
companies. Under the agreement, USi has been named the first "Platinum
Member" of AT&T's Ecosystem for ASPs. Additionally, USi has named AT&T its
"Preferred Network Services Provider," whereby AT&T becomes the recommended
network provider to our customers for Frame, ATM and IP connectivity
requirements. The Agreement may be terminated by either party for cause or,
after six months, if certain performance objectives are not met. In
connection with entering into the agreement USi will issue AT&T warrants to
acquire up to 100,000 shares of common stock at an exercise price of $48.00
per share. USi will also agree to nominate for election as a director at our
annual meeting in 2000 a designee of AT&T. The Company is filing this Current
Report on Form 8-K, together with Exhibit 99.1, with the Securities and
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
By: /s/ William T. Price
Name: William T. Price
Title: Vice President and General Counsel
Date: February 18, 2000
* 99.1. Press release dated February 18, 2000.
* Filed herewith.
<S> <C> <C>
Joanne Hellebrand Rasch Joseph Vukson Jean Marie Kantor
USinternetworking, Inc. FitzGerald Communications AT&T
(410) 897-4532 (617) 588-2258 (908) 658-7556
[email protected] [email protected] [email protected]
USINTERNETWORKING AND AT&T ANNOUNCE STRATEGIC
ALLIANCE TO DELIVER ASP SERVICES
MARKET LEADERS CAN NOW LEVERAGE STRENGTHS TO OFFER CUSTOMERS BEST-OF-BREED
SOLUTIONS AND CONNECTIVITY
ANNAPOLIS AND NEW YORK, FEBRUARY 18, 2000 - USinternetworking, Inc.
(Nasdaq:USIX), a leading Application Service Provider (ASP), and AT&T (NYSE: T)
today announced a strategic alliance to jointly market and deliver ASP services
to "dotcoms," mid-market and high-growth companies.
Through the agreement, USi has been named the first "Platinum Member" of AT&T's
recently announced Ecosystem for ASPs. Through the alliance, AT&T sales channels
will refer to USi customers seeking to leverage USi's applications and services,
expanding the sales channel for all USi's iMAP offerings.
Also, USi has named AT&T its "Preferred Data Network Services Provider,"
whereby AT&T becomes the recommended network provider to USi clients for
Frame, ATM and IP connectivity requirements. USi will utilize AT&T's domestic
and international frame, ATM, and IP services to connect and deliver
functionality to USi clients. Additionally, USi has committed to leverage
AT&T hosting services to expand USi's storage area network and content
"We are committed to offering our clients the highest level of performance and
quality," said Christopher R. McCleary, Chairman and Chief Executive Officer of
USi. "To that end, it is essential that we partner with companies that have the
same mission and offer best-of-breed networking capabilities. AT&T proved to be
an excellent partner for our ASP services, given their status as the premier
provider of Frame and ATM connectivity. AT&T's network services will be a core
component of our open, standards based Global Services Platform, the
"The synergies between USi and AT&T create a compelling offer for a wide
range of companies seeking to leverage their technology investment to gain
competitive advantage," said Ken Sichau, President, AT&T Business Services
Sales. "USi brings to customers expertise in providing software as a service,
stellar time to market, aggressive Service Level Agreements and total
accountability. These attributes, coupled with AT&T's leading network
services, provide an end-to-end service package."
The program will launch immediately in Washington, D.C., Maryland and Northern
Virginia. AT&T and USi plan to roll out this program to additional domestic
markets throughout the year.
AT&T (WWW.ATT.COM) is among the world's premier voice and data communications
company, serving more than 80 million customers, including consumers, businesses
and government. With annual revenues of more than $53 billion and 151,000
employees, AT&T provides services to customers worldwide.
ABOUT USINTERNETWORKING, INC.
USinternetworking, Inc. (NASDAQ:USIX) is a leading Application Service Provider
delivering enterprise software as a service. The company's iMAPsm portfolio of
service offerings delivers the rich functionality of leading software from
Ariba, BroadVision, Lawson, Microsoft, Niku, PeopleSoft, Sagent, and Siebel as
a continuously supported, flat rate monthly service enabling enterprises to
rapidly and cost effectively deploy modular eBusiness functionality with secure
global Internet connectivity. For more information, visit WWW.USI.NET.
INTERNET MANAGED APPLICATION PROVIDER, IMAP, APPHOST AND PRIORITYPEERING ARE
SERVICE MARKS OF USINTERNETWORKING, INC. ALL OTHER TRADEMARKS ARE THE PROPERTY
OF THEIR RESPECTIVE OWNERS. USI STRATEGIC PARTNERS AND PROVIDERS ARE PUBLICLY
TRADED ON NASDAQ UNDER THE SYMBOLS: ARBA, BVSN, CSCO, MSFT, PSFT, SEBL, SGNT.
Information in this release may involve expectations, beliefs, plans, intentions
or strategies regarding the future. These forward-looking statements involve
risks and uncertainties. All forward-looking statements included in this release
are based upon information available to USinternetworking, Inc. as of the date
of the release, and we assume no obligation to update any such forward-looking
statement. The statements in this release are not guarantees of future
performance and actual results could differ materially from our current
expectations. Numerous factors could cause or contribute to such differences.
Some of the factors and risks associated with our business are discussed in the
Company's registration statement on Form S-1 declared effective by the
Securities and Exchange Commission ("SEC") on April 8, 1999, the Company's 10-Q
filed with the SEC on November 15, 1999, and in our other reports filed from
time to time with the SEC.
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