e-know, inc Announces LyondellBasell Will Use INTEGRATOR to Track Merger Synergy Capture

2008-07-24 21:53:02 -

www.eknow.com - e-know, inc, creator of on-demand M&A management tools, announced today that LyondellBasell Industries, the world's third-largest independent chemical company, will use e-know INTEGRATOR to manage and track the merger of its corporate parents. The merger of Basell AF and Lyondell Chemical Company, announced in December of 2007, is a transaction valued at almost $20 billion. Headquartered in The Netherlands, LyondellBasell has combined annual revenues of nearly $45 billion, and nearly 16,000 employees worldwide.

"The LyondellBasell program managers responsible for making the merger a success are keenly interested in tracking projected and actual synergy capture," says e-know CEO Alan Croll. "INTEGRATOR has the necessary tools to simplify that process, improve visibility and accountability, plus communications and program management features that can help ensure actual synergy capture meets or exceeds plan."

e-know INTEGRATOR is a secure, web-based tool designed to streamline and speed the complex set of tasks in post-merger integration. As an online service, INTEGRATOR has a short ramp up time, nothing to install, and is easy to use. Its execution, tracking, and communications capabilities have been designed with input from a team of world-class M&A experts, enabling the integration team to:

-- Execute projects and tasks,

-- Track synergies and performance metrics,

-- Communicate and collaborate securely -- from anywhere, any time,

-- Report progress in real-time.

"LyondellBasell joins a growing list of companies that are discovering how e-know INTEGRATOR can improve the bottom line in post-merger integration," says Mr. Croll.

About e-know, inc

e-know (www.eknow.com) is the creator of premier web-based tools for M&A management. We have been helping companies "execute, track, know" since 1999.

About LyondellBasell Industries

LyondellBasell Industries is one of the world's largest polymers, petrochemicals, and fuels companies. We are the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; and a significant producer of fuels and refined products, including bio-fuels. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. Headquartered in The Netherlands, LyondellBasell (www.lyondellbasell.com) is privately owned by Access Industries.

e-know, inc
Laurence Kirsh, 703-875-0588
laurence.kirsh@eknow.com
www.eknow.com