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Technology Stocks : J.D. Edwards debut! (JDEC)

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To: bob zagorin who wrote (553)6/21/2000 10:48:00 AM
From: bob zagorin  Read Replies (1) of 583
 
J.D. Edwards Announces Intent to Expand Relationship With IBM to Provide Plans to Integrate OneWorld With WebSphere Commerce Suite, Marketplace Edition To Power Digital Marketplaces, Trading Exchanges

DENVER, June 21 /PRNewswire/ -- J.D. Edwards & Company (Nasdaq: JDEC), a leading provider of agile, collaborative software solutions for the Internet economy, today announced it is working with IBM to expand their current sales and product alliance to provide a complete collaborative-commerce (C-Commerce) solution for net markets.

The companies have signed a Memorandum of Understanding and are working towards a definitive agreement. The proposed relationship would allow J.D. Edwards to resell IBM's WebSphere Commerce Suite (see news release 2/7/00). This global agreement would extend and enhance J.D. Edwards Active Marketplace offering, a key component of J.D. Edwards' ActivEra solutions.

The commerce solution is intended to integrate J.D. Edwards' business-to-business solution, OneWorld(R), with IBM's WebSphere commerce suite, Marketplace Edition, an e-commerce solution for integrating buyers and sellers in a variety of net markets, including trading exchanges and digital marketplaces. Companies worldwide would benefit from a scalable, integrated solution that manages buyers and sellers, from point-of-sale through fulfillment.

"An expanded relationship with IBM would further J.D. Edwards' collaborative-commerce initiative and our commitment to providing new technologies and solutions to insure our customers' success in the Internet economy," said Michael Schmitt, senior vice president, B2B e-commerce, J.D. Edwards. "With OneWorld and WebSphere Commerce Suite, Marketplace Edition, companies would receive a feature-rich, scalable solution that keeps up with the demands and pace of change of today's digital marketplaces and trading exchanges."

The WebSphere Commerce Suite, Marketplace Edition platform is designed to meet the demands of high-volume, multi-buyer/multi-seller trading models such as exchanges, RFP/RFQ lead generations and auctions. The open architecture of Marketplace Edition platform provides a level of marketplace flexibility and scalability that complements J.D. Edwards' B2B solutions.

"Through the integration of WebSphere Commerce Suite, Marketplace Edition with OneWorld, we are combining IBM's powerful software for building successful e-marketplaces with key functionality in the areas of fulfillment, logistics and collaboration," said Ed Kilroy, general manager, e-commerce, IBM. "The combined solution will help companies quickly develop sophisticated e-marketplace solutions that streamline business processes and speed time to market."

The parties intend to jointly develop an implementation services strategy and go to market plan. Today's news follows the recent announcement that J.D. Edwards' integrated, scalable storefront solution, J.D. Edwards Storefront Powered by WebSphere Commerce Suite, is currently available to the market. (see news release, 6/5/2000)

About IBM WebSphere Commerce Suite, eMarketplace Edition

The WebSphere Commerce Suite, Marketplace Edition software offers all the functions and tools for building a successful and scalable marketplace, including: various dynamic trading models, such as, exchange, RFP/RFQ and auctions. In addition, the solution provides powerful aggregated catalog, secure membership registration and access control management, as well as easy-to-use business intelligence and reporting functions. Combined with Lotus Sametime(TM), buyers and sellers can communicate and receive on-line customer assistance to easily exchange goods and services. The WebSphere Commerce Suite is part of IBM's WebSphere Software platform, the industry's most flexible and reliable software platform for building next-generation e-business applications.

About J.D. Edwards

J.D. Edwards is a leading provider of agile, collaborative solutions for the Internet economy. The Company's integrated ActivEra(TM) Solutions deliver supply chain collaboration and fulfillment, and enable business-to-business trading communities in the consumer products, industrial and services industries. The Company's solutions are web-enabled and operate in multiple computing environments.

Founded in 1977, J.D. Edwards is headquartered in Denver, Colo. and posted fiscal 1999 revenues of $944.2 million. Additional information can be obtained by contacting the Company via the Internet at www.jdedwards.com or at 800-727-5333.

SOURCE J.D. Edwards & Company

CO: J.D Edwards & Company; IBM

ST: Colorado

IN: CPR MLM

SU: CON

06/21/2000 08:01 EDT prnewswire.com
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