Here's one from Wednesday re: JDEC/TRADEX partnership. Since TRADEX is merging with Ariba (and JDEC is partnering with Ariba) this means JDEC will still have access to the promising market.
Wednesday January 5, 8:02 am Eastern Time
Company Press Release
SOURCE: J.D. Edwards & Company
J.D. Edwards, TRADEX Join Forces to Expand Digital Marketplaces in Business-to-Business eCommerce
E-Business Leader Becomes First US Reseller of TRADEX Platform; Plans to Create Online Trading Communities for Vertical Markets
DENVER, Jan. 5 /PRNewswire/ -- J.D. Edwards & Company (Nasdaq: JDEC - news), the leading supplier of agile software solutions for e-business, and TRADEX Technologies today announced that they have entered into a multi-faceted strategic agreement that will make J.D. Edwards the first company licensed to resell the TRADEX Commerce Center(TM) platform in the US. The agreement also provides J.D. Edwards with licensing rights to utilize the TRADEX digital marketplace platform in developing its own trading communities for vertical markets in manufacturing, high technology and non-production goods and services.
``J.D. Edwards will be able to use the TRADEX platform itself and resell the same technology to our customers, helping them establish business-to-business trading communities so important to success in this era of E-Business,' said Doug Massingill, president and CEO of J.D. Edwards. ``By adding TRADEX' solutions to our current offerings, our customers gain the potential for greater -- and quicker -- return on their technology investment, because they'll be able to put their business and technology ideas into action with considerable speed.'
The TRADEX marketplace platform is specifically designed to meet the demands of high-volume, multi-buyer/multi-seller trading communities. The open architecture of the TRADEX platform provides a level of marketplace flexibility and scalability that ideally complements J.D. Edwards' software solutions.
``This partnership signifies the revolutionary transformation that digital marketplaces are making in traditional 'bricks and mortar' business commerce,' said Daniel Aegerter, chief executive officer of TRADEX. ``With more than 6000 global customers, J.D. Edwards is in a great position to help create new digital marketplaces in a number of vertical industries. Pairing J.D. Edwards' extensive knowledge and substantial customer base with the TRADEX marketplace platform provides an ideal vehicle for delivering the benefits of digital marketplaces throughout the supply chain.'
TRADEX is recognized as the leading provider of solutions for powering online marketplaces, which bring together potential buyers and suppliers on the Internet. On December 16, 1999, it was announced that TRADEX has signed a definitive agreement to merge with Ariba, Inc. (Nasdaq: ARBA - news), also a J.D. Edwards partner. In tandem with the strategic agreement announced today, J.D. Edwards also has made an equity investment in TRADEX (see Ariba announcement dated December 20, 1999). Under the planned merger, TRADEX Commerce Center will connect to the Ariba Network, accelerating the number of value-added markets that are immediately accessible to corporate buyers using the Ariba e-commerce platform. Subject to required regulatory approvals, the merger is expected to close by the end of the first quarter of 2000.
Digital marketplaces are emerging at all points in the commerce chain. A variety of industry analysts foresee a significant impact on B2B ecommerce from these online marketplaces. A recent report by the Boston Consulting Group estimated that business-to-business e-commerce will account for $2.8 trillion by 2003, with one-quarter of those revenues coming from online purchasing, while Forrester Research estimates that fully 50 percent of total ecommerce revenues will be transacted through digital marketplaces.
About TRADEX Technologies, Inc.
TRADEX Technologies provides the platform that powers the world's leading digital marketplaces. Specifically designed to enable multiple buyers and suppliers to exchange goods, services and information in online trading communities, the TRADEX Commerce Center(TM) platform serves as the foundation for more than 22 premier digital marketplaces, created by customers including American Express, EDS, NTT, J.D. Edwards, Chemdex, MetalSite, HOTS, DACOM Corporation, Raytheon and others. Founded in 1996, TRADEX is a privately held, venture-backed company whose top-tier investors include the Internet Capital Group. On December 16, 1999, TRADEX announced a definitive agreement to merge with Ariba Inc. Pending required regulatory approvals, the planned merger is expected to close by late first quarter 2000. TRADEX is headquartered in Atlanta, GA, with offices throughout the US and overseas. For additional information, visit the company's Web site at www.tradex.com.
About J.D. Edwards
J.D. Edwards provides Idea to Action(TM) software for managing the virtual enterprise and supply chain. The Company's integrated applications deliver agile E-Business solutions that give customers control over their front office, manufacturing, supply chain, logistics/distribution, human resources and finance processes for the consumer products, industrial and services industries. J.D. Edwards enables Idea to Action with ActivEra(TM), a collection of tools and technologies that extend J.D. Edwards' OneWorld and World Software enterprise business software and its active supply chain planning solutions. ActivEra allows customers to change their software quickly and easily during and after implementation. The Company's solutions operate in multiple computing environments, including Windows NT©, UNIX© and OS/400©, and are Java(TM) and HTML enabled.
Founded in Denver in 1977, J.D. Edwards posted fiscal 1999 revenues of $422.4 million. Additional information can be obtained by contacting the company at 800-727-5333, or via the Internet at www.jdedwards.com.
NOTE: J.D. Edwards is a registered trademark of J.D. Edwards & Company. The names of all other products and services of J.D. Edwards used herein are trademarks and registered trademarks of J.D. Edwards World Source Company. All other product names used herein are trademarks or registered trademarks of their respective owners.
SOURCE: J.D. Edwards & Company |
