Aspect and BuildPoint Partner to Accelerate Adoption of eCommerce in Construction Industry
Aspect and BuildPoint to Launch Largest Online Product Catalog and Form
Largest Supplier Network for Contractor Community
MOUNTAIN VIEW, Calif., April 11 /PRNewswire/ -- Aspect Development, Inc., (Nasdaq: ASDV), the global leader in collaborative solutions for Business-to-Business (B2B) eCommerce and inbound supply management, and BuildPoint Corp., the net market maker for the $3.2 trillion construction industry, today announced an agreement to provide the industry's largest online catalog. BuildPoint will deploy Aspect's eBusiness solutions, including content management software and services, through Aspect's subsidiary Infinite Supply(TM). Featuring more than two million product SKUs (stock keeping units), the online catalog will facilitate materials procurement in the construction industry. As part of the agreement, Aspect and BuildPoint will also form the industry's largest supplier network, the key to creating a true eCommerce community.
"BuildPoint is the recognized leader in eCommerce for the construction industry," said Romesh Wadhwani, Chairman and CEO of Aspect. "Combining BuildPoint's expertise in the construction industry with Aspect's proven software solutions, content expertise, and network of thousands of suppliers and manufacturers, accelerates the adoption of eCommerce in the construction industry by increasing the transaction volume and the number of construction professionals doing business on BuildPoint.com."
"Aspect is the industry leading content provider with the most comprehensive catalog listings and extensive supplier relationships," said Jim Piraino, President and CEO of BuildPoint. "Aspect and BuildPoint's partnership increases market opportunities for suppliers, who will be able to conduct business within the rapidly expanding BuildPoint community."
Aspect and BuildPoint will combine their respective supplier networks to create the largest construction marketplace where contractors and suppliers meet and transact business online. Users will have access to standardized, accurate, and efficient searches through millions of products in categories such as electrical, HVAC (heating, ventilation, and air conditioning), and PV&F (pipes, valves and fittings). This online product catalog will be available to members of the BuildPoint community by the end of Q2 '00.
About Aspect Development, Inc.
Aspect is the leading global provider of collaborative solutions for business-to-business B2B eCommerce and inbound supply for the enterprise and its trading partners. Aspect solutions provide decision support and content for procurement, product development, operations, eCommerce, and marketplaces. Aspect delivers the largest value proposition of any B2B eCommerce solution by reducing production and non-production/MRO spend and increasing revenue and market share by accelerating new product introduction. Over 180 of the world's largest companies, with combined annual revenue of $1 trillion and $500 billion in annual inbound supply spend, are all customers of Aspect. For further information on Aspect Development, visit aspectdv.com. Infinite Supply is a wholly owned subsidiary of Aspect Development. Further details regarding Infinite Supply will be announced in early May 2000.
About BuildPoint
BuildPoint Corp., the net market maker for the $3.2 trillion construction industry, provides a fast, reliable and secure Web-based marketplace where the industry's largest base of contractors and suppliers meet and transact business online. In addition to the BuildPoint Project Marketplace for bid management, lead management and directory services, the BuildPoint Product Marketplace provides the industry's first online negotiation platform for the procurement, sale and exchange of construction materials, equipment, and supplies. BuildPoint.com offers a true e-commerce solution for the construction industry. Headquartered in Redwood City, Calif., BuildPoint is privately held. For more information on BuildPoint visit buildpoint.com or send email to info@buildpoint.com. |
