Endeavor Relies on CenterBeam for IT Management

Leader in North Sea Oil Exploration Protected from Hurricane Rita and High Cost of SOX Audit

SAN JOSE, CA - April 11, 2006

Today, CenterBeam announced that Endeavour International Corporation (AMEX: END) has selected CenterBeam to manage its IT infrastructure.  Endeavour is an international energy company focused on searching for and developing oil and gas resources in the North Sea.  The company is based in Houston, Texas with offices in London and Oslo, Norway. 

Computer Data: Endeavour's Competitive Advantage 

Endeavour was founded in 2004 to take advantage of a transition occurring in the North Sea, a prolific energy producing province since the 1960s.  As major oil and gas companies exited the area to seek emerging opportunities in other parts of the world, they were leaving behind an extensive energy infrastructure and significant acreage not significantly evaluated or tested for new oil and gas sources.  Smaller “niche” companies such as Endeavour with lower operating overhead and new technical insights are entering the European market to harvest the resources left behind.  Endeavour is utilizing a new, comprehensive 3-D seismic database to identify overlooked or new oil and gas prospects. 

“With a company that is relying on the interpretation of a data base as a competitive advantage, it is critical that we partner with an information technology company that is responsive and understands the importance of science to our business,” said Aimee Stadtfeld of Endeavour’s executive office that coordinates IT for the corporate office.  “Since we are a publicly-traded company, we are also faced with some stringent reporting requirements that demand an IT vendor with the processes in place to meet our compliance standards.”

CenterBeam Shelters Endeavour from Potential Storms

The selection of CenterBeam as an IT provider reflected Endeavour’s strategy of maintaining a lean staff focused on developing value from the intellectual property of its seismic database.   The benefit of the partnership was evident during the company’s first Sarbanes – Oxley (SOX) compliance audit.  Since CenterBeam’s SAS 70 Type II audit is a proxy for the IT portion of a SOX audit, Endeavour was spared the cost of any remediation its auditors might have requested. 

“Our IT processes were basically in compliance with the new SOX regulations,” continued Stadtfeld.  “It saved us a great deal of time and aggravation.”

The teamwork between CenterBeam and Endeavour was fully evident when Hurricane Rita began to bear down on Houston in September just weeks after Hurricane Katrina devastated the Gulf Coast.  As millions of people evacuated the city, CenterBeam staff in San José worked with Endeavour to repackage its strategic seismic data onto notebook computers that employees could work from until business returned to normal.  Fortunately for everyone, the storm turned and the area was spared, but if the worst had happened, Endeavour would not have missed a day in its search for oil and gas in the North Sea. 

CenterBeam’s success regularly attracts the attention of important opinion makers such as leading IT industry analyst Gartner.  Gartner has published a case study on the CenterBeam service and cited CenterBeam’s innovative approach when the firm named CenterBeam one of the “Cool Vendors” in IT management.  A book by Cisco Press, The Business Case for Virtual Business Processes, includes a case study of CenterBeam as an example of how companies can use IT outsourcing to reduce costs, improve efficiencies, and focus on their core business.  Most recently, the prestigious KIRA award was presented to CenterBeam for its achievement and Kevin Francis for his industry leadership.  And Microsoft awarded CenterBeam sits “Winning On Value” award recognizing CenterBeam’s outstanding sales growth and superior customer satisfaction.

About CenterBeam, Inc.

CenterBeam is an award-winning North American-based IT outsourced services company that delivers more than 60,000 services daily for mid-sized clients in eighteen countries across four continents. Founded in 1999, CenterBeam pioneered the application of quality management techniques to IT and currently earns a 95% client satisfaction rating as measured by Quality Resource Associates. CenterBeam's Total Satisfaction Guarantee and month-to-month contracts make the company unique among IT outsourced services companies. CenterBeam is headquartered in San Jose, Calif. and can be reached at 408.750.0500 or www.centerbeam.com.