BOSTON, Mass. – August 29, 2008 – Sapient (NASDAQ: SAPE) today announced that the Securities and Exchange Commission staff has notified the Company that the investigation of the Company’s historical stock option grant practices has been completed.
In its notice to the Company, the Commission staff also stated that it does not intend to recommend any enforcement action by the Commission in this matter.
About Sapient
Sapient, a global services firm, operates two groups—Sapient Interactive and Sapient Consulting—that help clients compete, evolve and grow in an increasingly complex marketplace. Sapient Interactive provides brand and marketing strategy, award-winning creative work, web design and development and emerging media expertise. Sapient Consulting provides business and IT strategy, process and systems design, package implementation and custom development, as well as outsourcing services such as testing, maintenance and support.
Sapient’s passion for client success—evidenced by its ability to foster collaboration, drive innovation and solve challenging problems—is the subject of case studies on leadership and organizational behavior used by MBA students at both Harvard and Yale. Leading clients, including BP, Essent Energie, Hilton International, Janus, Sony Electronics and Verizon, rely on the company’s unique approach to drive growth and market momentum. Headquartered in Boston, Sapient operates across North America, Europe and India. For more information, please visit www.sapient.com.
# # #
Sapient is a registered service mark of Sapient Corporation.