Tuesday September 14, 12:11 pm Eastern Time
Company Press Release
E-Sync Networks Announces New E-Business-To-Business Portal
Outsourced Solution From The First Managed E-Commerce Service Provider (MESP) Enables E-Business-To-Business Partnerships Online Using Leading Edge Internet Technologies
TRUMBULL, Conn.--(BUSINESS WIRE)--Sept. 14, 1999-- E-Sync Networks, Inc. (OTC BB:ESNI), a leading global provider of secure managed e-business-to-business solutions and services, today announced that it is launching its e-business-to-business supply chain portal. The portal is a dramatic new approach to business-to-business relationships on the Internet that will allow Fortune 1000 companies to automate their supply chain applications through a hosted ``hub and spoke' Internet service.
Using a rich set of Java Class libraries designed to quickly integrate legacy business applications onto the World Wide Web, E-Sync Networks' e-business-to-business portal takes full advantage of SGML and XML to provide a full range of application-to-application integration. As part of this offering, the Company has established the lead role in the development of an XML repository that can be utilized to map legacy EDI to Web-based applications. The portal also incorporates public key infrastructure with key strength of 2048 bits.
``Lots of companies offer business-to-business solutions. Only one - E-Sync Networks - delivers all the possibilities of b-to-b using the Internet,' says John C. Maxwell, Chairman and CEO, E-Sync Networks. ``The Internet is the place to be for b-to-b and E-Sync Networks is there with the unique ability to supply the Fortune 1000's growing demand for business-to-business solutions using the most advanced Internet technologies. What we're doing has never been done before; targeting this exploding market, and serving it as we uniquely can, is at the heart of our corporate strategy.'
E-Sync Networks is uniquely capable of delivering business-to-business solutions using the Internet as the medium of choice because it is a Managed E-Commerce Service Provider (MESP). E-Sync Networks has become an MESP by blending the outsourcing services of a messaging service provider (MSP), the planning, development, and hosting capabilities of an application service provider (ASP), and the Web-enabling of legacy applications of a systems integrator (SI).
According to Forrester Research, ``...online business-to-business transactions will be a $842 billion industry in 1999 and will grow to $1.3 trillion by 2003.' With competition driving companies to find greater efficiencies to connect with suppliers and partners, and given the cost and complexity of developing b-to-b Internet infrastructures in-house, E-Sync Networks - with its innovative new e-business-to-business portal -- is well positioned to capitalize on the resulting business opportunity.
Designed to facilitate partner integration and cross-corporate application integration, E-Sync Networks' e-business-to-business portal is an outsourced solution based on a `hub-and-spoke' model, allowing for secure, real-time bi-directional `push-pull' messaging to its portal, which is a cluster of integration servers.
The portal can be used to set up automated procurement, replenishment, and distribution operations. This approach significantly reduces costs through well-integrated b-to-b supply-chain management. Customers are also better able to leverage their investments in Internet infrastructure, applications and data. ERP return on investment can also be augmented so corporations can exchange information ``real-time' with their partners.
``At a time when organizations have come to realize that complex ERP projects that promised to automate HR, manufacturing and other processes are becoming obsolete, they want to extend the return on their investment,' says Maxwell. ``E-Sync Networks can do what traditional technology providers cannot: integrate those legacy ERP programs for use on the Internet, connecting businesses to their suppliers, customers and business partners securely, reliably and cost-effectively.'
About E-Sync Networks, Inc.
Headquartered in Trumbull, CT with offices in New York and the U.K., E-Sync Networks, Inc. (OTC BB: ESNI), the e-business-to-business connection, is a Managed E-business Service Provider (MESP) offering the consulting expertise, superior technology, and high-performance hosting capabilities to link business partners on the Internet. E-Sync Networks has an extensive Fortune 1000 client base, including Ford(TM), IBM(TM), Pepsi(TM) Traveler's Insurance, ESPN, and Dun & Bradstreet. The Company is a majority owned subsidiary of Commercial Electronics Capital Partnership, LP (www.cellc.com), an exclusive partner of TRW, Inc. (NYSE: TRW - news) established solely to create independent businesses founded on TRW technologies in markets outside of TRW's strategic interests. More information can be found on the Internet at www.e-syncnet.com.
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Contact:
Karen Olenski
E-Sync Networks
203/601-3285,
kolenski@e-syncnet.com
or
Bob Pickard
Environics
203/325-8772, #15,
rpickard@environics-usa.com
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