Thursday June 1, 8:33 am Eastern Time
Company Press Release
Sequoia Software Partners with ChemIndustry.com to Provide Industry-Specific Information to Portal Customers
Sequoia to Offer ChemIndustry.com's Extensive Information Search Service for Chemical Industry Professionals Directly through its XML Portal Server(TM)
COLUMBIA, Md.--(BUSINESS WIRE)--June 1, 2000-- Sequoia Software Corporation (Nasdaq: SQSW - news), a leading provider of XML-powered interactive e-business portals, today announced a partnership with ChemIndustry.com to provide Sequoia XML Portal Server(TM) (XPS) customers with chemical industry-specific content through their users' XPS homepages. The partnership helps Sequoia fulfill the external information requirements of customers in the manufacturing sector, one of Sequoia's five core markets for XPS.
``We created ChemIndustry.com to provide chemical and allied industry professionals with efficient, targeted search and information services,'' said Daniel Fishman, CEO of ChemIndustry.com. ``Partnering with Sequoia gives us a clear channel to a growing constituency of XPS users who need our content to make quick, informed decisions that help them be more productive and effective.''
ChemIndustry.com is a comprehensive category search engine for chemical and allied industry professionals, providing them with an efficient tool for locating the information, products and services they need via the World Wide Web. Sequoia's XML Portal Server gives users a single point of personalized access to ChemIndustry.com's vast database of chemical industry information, as well as content aggregated from an organization's disparate internal systems, its partners and the Web.
Rather than having to go to an outside source to track down appropriate information, Sequoia's customers from the manufacturing sector will save time and increase productivity by providing their employees with the ability to search and retrieve industry-specific information directly through their interactive portal. People using XPS will access ChemIndustry.com through a ``content delivery agent'' (CDA) that snaps into their personalized portal homepage. Sequoia customers can download CDAs on demand from Sequoia's customer extranet.
``Customers select XPS because it removes the information and process bottlenecks that limit their ability to build productivity, relationships and revenues,'' said Mark Wesker, president and COO, Sequoia Software. ``Delivering ChemIndustry.com through XPS gives our customers in the manufacturing sector access to information they need to be successful. We are very pleased to add ChemIndustry.com to our growing list of content partners.''
About ChemIndustry.com
Founded in April 1999, ChemIndustry.com (www.chemindustry.com) currently has more than 33,000 separate entries representing over 20,000 distinct Web sites in its database, making it the largest specialized search service for chemical and allied professionals on the Web. Traffic at the ChemIndustry.com database is increasing approximately 10 percent a week. An international team of industry experts drawn from industry and academia guides the development of search services. The company licenses its search box to leading Web sites in the industries it serves, which include the chemical, petrochemical, agrochemical, pharmaceutical, biochemical, coatings, and dyes marketplaces.
On April 24, 2000, ChemIndustry.com announced the launch of a Chinese language search service (www.china.chemindustry.com) and the opening of an office in Guangzhou, China. The previous month, ChemIndustry.com signed an agreement with the China Chemical Network (CCN), a leading provider of chemical industry information in China, to enter the websites of 1,500 Chinese chemical companies into the ChemIndustry.com database and include ChemIndustry.com's search services on the CCN home page.
About Sequoia Software
Sequoia Software Corporation (Nasdaq: SQSW - news) is a leading provider of XML-powered software for creating interactive e-business portals. Sequoia's flagship product, the XML Portal Server(TM) (XPS), gives users a Web-based, single point of personalized access to distributed information, along with the capability to publish, edit, change, or update content. As the cornerstone of an effective e-business strategy, XPS improves the accuracy of information search and retrieval, and fosters the interchange of information between organizations and their customers and trading partners. Sequoia's customers include leading manufacturing, healthcare, financial services, insurance, and telecommunications firms. For interactive portal solutions that let you do more in less time visit www.sequoiasoftware.com or call Sequoia toll free (888) 820-7917.
Note:
Other than historical information contained herein, certain statements in this release are ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release involve a number of risks and uncertainties including, but not limited to, changes in market conditions, government regulation, technology, our ability to expand, our early stage of development, attraction and retention of key personnel, management of rapid growth, entry into new markets, intense competition, customer concentration and attrition and our dependence on XPS. These risk factors are discussed in further detail in the Company's SEC filings including the prospectus filed in connection with our initial public offering and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2000.
XML Portal Server is a trademark of Sequoia Software Corporation.
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Contact:
Sequoia Software
David Schreiber, 410/715-0206
dschreiber@sequoiasoftware.com
or
Schwartz Communications
Keith Giannini, 781/684-0770
keithg@schwartz-pr.com
or
ChemIndustry.com
Elliot King, 410/356-3943
elliot@chemindustry.com |
