I-STORM AND ORACLE(R) CONSULTING TEAM TO CREATE INTERNET CHANNEL SOLUTIONS
ONLINE BUSINESS SERVICES PROVIDER TO BASE SOLUTIONS ON Industry-Leading Oracle Technology and Consulting
MOUNTAIN VIEW, Calif., Jul 8, 1999 /PRNewswire via COMTEX/ -- Oracle Corp. (Nasdaq: ORCL), the number one choice for e-business, and I-Storm (OTC Bulletin Board: ISTM), the leader in full-service outsourced e-commerce and e-business capabilities, today announced an agreement to work together to provide services to Fortune 500 companies pursuing aggressive and focused channel-building programs.
"I-Storm's experience has always been in architecting, managing and operating powerful Internet commerce sites. With Oracle, we will ensure that our clients have the best and brightest IT professionals building their e-commerce sales channels," said Cal Lai, president of I-Storm. "Together, I-Storm and Oracle are leading the way for large, worldwide brands to buildan e-commerce sales channel quickly, efficiently, and with little risk to their core business."
I-Storm and Oracle Consulting plan to work together to help companies leverage fundamental benefits of e-business by providing the technological infrastructure they need to transition from traditionally administrative business processes to online self service. This will result in lower costsand less administrative overhead for better integration and control of supply chain partners.
The two companies will also work to provide e-commerce solutions for purchasing and selling products over the Internet. Client-companies will be able to consolidate customer billings and accept payments for products over the Internet while improving overall levels of service.
"We are at the forefront of many of the most powerful Internet business sites on the web today," said Keith Costello, vice president of Oracle Consulting. "We are working with I-Storm to provide integration services to Fortune 500 companies for getting their businesses online. In doing so, we will further add to our capability to build successful online selling channels while helping I-Storm achieve its business and technology objectives."
I-Storm plans to use the Oracle8i(TM) Internet Platform and Oracle Applications Release 11, working with Oracle Consulting to create a suite of online business offerings that provide a low-risk entry point for companies implementing new Internet business initiatives. Customers needing to transition into e-commerce or e-business can contract with I-Storm to create and manage store fronts, credit card validation, shipping and handling, website hosting and a variety of other critical needs. Additionally, companies can also outsource their e-commerce and e-business administration to I-Storm in order to better focus on other mission-critical IT projects.
About I-Storm I-Storm is the premier financier, builder and operator of E-Stores in partnership with Fortune 500 companies. I-Storm joint ventures with some of the most successful companies to sell their products through the Internet and build a new, profitable Internet channel of distribution.
I-Storm builds and operates Internet stores for these companies at I-Storm's expense, leveraging the existing brand, fulfillment, and service and support structures of its partners; and sharing the profits of thechannel. With a dedicated online store staff committed to ensuring success in this new channel, I-Storm allows companies to continue to focus on their core businesses and traditional markets, and to quickly build a revenue stream on the Web without the risks and the headaches that go with this new channel. For more information please visit I-Storm at (URL) i-storm.com.
About Oracle Oracle Corporation is the world's leading supplier of software for information management and the world's second largest independent software company. With annual revenues of more than $8.8 billion, the company offers its database, tools and application products, along with related consulting, education, and support services, in more than 145 countries around the world.
For more information about Oracle, please call 650-506-7000. Oracle's World Wide Web address is (URL) oracle.com.
Trademarks Oracle is a registered trademark and Oracle8i is a trademark or registered trademark of Oracle Corporation. Other names may be trademarks of their respective owners.
SOURCE I-Storm
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CONTACT: Cal Lai of I-Storm, 650-318-0300, or clai@I-storm.com;
or Bob Berger of Oracle Corp., 650-506-5119, or rberger@us.oracle.com; or Leslie Clavin of Applied Communications, 415-365-0222, or lclavin@appliedcom.com, for Oracle Corp.
WEB PAGE: oracle.com |
