Breakaway Solutions Inc. (Nasdaq: BWAY), a leading Full Service Provider (FSP) of E-business solutions that offers strategy, E-Customer Relationship Management Services (eCRMS), Internet development, systems integration, and application hosting to growing enterprises, today announced that eRisks.com partnered with Breakaway Solutions as its Full Service Provider in the strategy, implementation and launch of its new Internet portal.

eRisks.com is an online portal designed to provide information and analytical services to risk management professionals in all industries to enable them to more effectively measure and manage risk. eRisks.com is the Internet arm of Enterprise Risk Solutions (ERS), a traditional, brick and mortar consulting service for enterprise risk management. 

Enterprise Risk Solutions wanted to leverage the risk management expertise of its parent company, to spin off and create an Internet portal. The company didn't have the technology or staffing resources to deliver on that plan in- house, so they chose to partner with Breakaway Solutions to develop their E- business strategy.

eRisks.com was attracted to Breakaway Solutions' Full Service Provider model. Realizing the importance of being first-to-market, Breakaway Solutions moved quickly to provide the necessary technology experience of how to build a business-to-business Internet portal and completed the project in just four months. Most importantly, Breakaway Solutions offered a complete solution - beginning with strategy, and also including Internet infrastructure development and implementation, as well as hosting of the portal - which meant that eRisks.com didn't have to work with a number of different vendors for separate aspects of the project.

"This has been an exciting project and we're happy to have helped eRisks.com get their business off the ground quickly," said Gordon Brooks, CEO of Breakaway Solutions. "eRisks.com really demonstrates the value of our Full Service Provider business as we worked closely with eRisks.com to develop a unique vision for their E-business and then partnered with them to take that vision and quickly and effectively establish them as a credible source of information on the Internet."

To make the Internet portal vision a reality, the company had to establish a separate company and use the Internet as a distribution model to serve risk- intensive businesses in the financial, energy and corporate sectors. eRisks.com is part of Enterprise Risk Solutions, which also provides consulting services and risk transfer solutions to its clients. Through this unique business model, risk managers have access to valuable information and risk management tools and services that were previously unavailable to them from a single source.

However, in order to make this E-business successful, eRisks.com needed a partner that could help them understand and leverage the power of the Internet, quickly formulate an E-business plan, and then develop, run and manage the risk management portal.

"Throughout the process of creating and launching eRisks.com, Breakaway Solutions was a true partner in every sense," said James Lam, founder and president of eRisks.com and Enterprise Risk Solutions. "The Breakaway Solutions team helped take our vision of eRisks.com and make it a reality in less than four months. We really wanted to establish ourselves quickly, as there was no one else doing it. Working with Breakaway Solutions, we found a great technology partner and were able to focus on our business. We've accomplished our goal of being the first-to-market and our initial success has been tremendous. We couldn't have done this without Breakaway Solutions."

The E-business strategy for eRisks.com was completed within 10 days and the development of the portal began. The Breakaway team worked in the Breakaway Solutions' Internet Solutions Labs to develop and test the business model and within one month, the implementation work began. eRisks.com was successfully launched just two months later, on October 19, 1999.

After only three weeks, eRisks.com had over 1,000 registered users and continues to provide educational information and news, risk management tools, benchmarks and best practices in risk management. The partnership between Breakaway Solutions and eRisks.com continues as additional offerings and services are implemented to better serve their rapidly expanding customer base.

About Breakaway Solutions

Breakaway Solutions, Inc. is a Full Service Provider (FSP) of E-business solutions that allow growing enterprises to capitalize on the power of the Internet to reach and support customers and markets. As an application service provider (ASP), systems integrator and consulting firm, Breakaway Solutions offers four key services to its mid-market clients: strategy, eCRMS, E-business, and application hosting. Headquartered in Boston, Mass., Breakaway Solutions has seven regional offices and four Internet solutions centers in the U.S., along with 10 application hosting facilities in North America, Europe, Asia and Australia. Breakaway Solutions can be reached at 617-960-3400 or at http://www.breakaway.com.

Except for the historical information contained in this announcement, the matters discussed in this announcement are "forward-looking statements" (as that term is used in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties, including risks of business change, product acceptance and customer demand, and growth management detailed from time-to-time in Breakaway Solutions, Inc's filings with the Securities and Exchange Commission. Breakaway Solutions, Inc. draws the reader's attention to the factors described in its Quarterly Report on Form 10-Q for the Period Ended September 30, 1999 under the heading "Factors That May Affect Future Results." Any such forward-looking statements speak only as of the date such statements are made, and the company undertakes no obligation to publicly release the results of any revision to these forward-looking statements or otherwise update or supplement this announcement or the risk factors contained herein.

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