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Convergent Group Corporation Files Registration Statement for Initial Public OfferingENGLEWOOD, Colo., Feb. 17, 2000 - Convergent Group Corporation ("Convergent Group" or the "Company"; proposed Nasdaq NMS: CVGP) announced today that it filed a registration statement with the Securities and Exchange Commission for an initial public offering of $115 million of its common stock, including an over-allotment option from the Company and certain selling stockholders. The offering will be lead-managed by Robertson Stephens, and co-managed by Donaldson, Lufkin & Jenrette, and Wit SoundView.Convergent Group is a provider of professional services that enable its utility and local government clients to implement Internet-based eBusiness solutions. The company combines its use of existing and emerging digital technologies with its business expertise in the utility and local government sectors to deliver solutions that address its clients' mission-critical business problems. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. When available, copies of the preliminary prospectus relating to the offering may be obtained from FleetBoston Robertson Stephens Inc., 555 California Street, Suite 2600, San Francisco, CA, 94104, (415) 781-9700. CONTACT: Convergent Group Corporation Scott M. Schley, Executive Vice President of Finance 303/741-8400 scott.schley@cvg-grp.com
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