I bought some ICGE today, news is hard-core.
>>Wednesday November 1, 8:00 am Eastern Time
Press Release
SOURCE: ICG Commerce
EDS and ICG Commerce Join Forces To Accelerate Success in Global E-Procurement Market
Powerful Pairing to Address Key Barriers in e-Procurement/B2B Space and Offer Innovative e-Procurement Suite of Services for Mid- and Large-size Companies
PHILADELPHIA and PLANO, Texas, Nov. 1 /PRNewswire/ -- ICG Commerce and EDS (NYSE: EDS - news) today announced a global strategic alliance through which the companies will offer a total e-procurement service and technology platform to large and mid-sized companies.
The approach is designed to help enterprises streamline their entire procurement process without requiring significant up-front investments in traditional e-procurement software and the lengthy implementations often associated with B2B and technology solutions.
AMR Research estimates that businesses will spend approximately $5.7 trillion on B2B e-commerce by 2004. With this strong market potential, and leveraging the 9000+ global client base of EDS and ICG Commerce, the companies estimate that the alliance will manage over $7 billion in purchase transactions over the first three years.
In announcing this alliance, EDS will partner with ICG Commerce as a preferred e-procurement services provider for its global customer base. The agreement pairs ICG Commerce's comprehensive procurement services and Internet-based platform -- which will provide leading e-procurement technology to customers at no major capital up-front cost - with EDS' deep industry and implementation experience.
The approach is intended to fully enable today's companies to realize the benefits of B2B and e-procurement faster and more efficiently. Under the alliance, EDS will provide systems integration, implementation and hosting capabilities and will serve as a preferred global solutions and integration partner for ICG Commerce.
``The combination of EDS and ICG Commerce provides a very compelling business proposition for our clients,'' said Robb Rasmussen, vice president, EDS E.solutions. ``By offering EDS hosted and professional services to drive the ICG Commerce e-procurement solution, we can together significantly reduce costs, enhance revenues and dramatically effect and speed up the return on investment for our clients.''
``Today's companies are looking for an e-procurement solution that delivers results without expensive software fees and long implementations,'' said Rick Berry, president and chief executive officer of ICG Commerce. ``By combining our resources with EDS, we are offering a results-driven exchange, strong customer and supply base, terrific technology and consulting expertise that will make Web-based buying immediate and affordable for every large and mid- sized company.''
The ICG Commerce/EDS combined offering includes:
* ICG Commerce's comprehensive end-to-end e-procurement services
including:
-- ICG Commerce's online catalogs reflecting optimal pricing driven by
aggregating the spend across the ICG Commerce global customer base
-- Strategic sourcing, supplier management and supply chain consulting
services with A.T. Kearney for Fortune 200 customers
-- Suite of e-procurement tools from Auctions and spot buys to
eRFQs/eRFPs
-- Flexible, Internet-based technology for transaction processing (no
up-front cost)
-- Electronic payment processing and reporting features
-- On-site training and support
* Full implementation/integration services
* Dedicated account management and 24/7 customer service
* Applications hosting
About EDS
EDS, the leading pure-play global services company, provides strategy, implementation and hosting for clients managing the complexities of the digital economy. EDS brings together the world's best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers' trust and continuously seek improvement. EDS serves the world's leading companies and governments in 55 countries globally. EDS reported revenues of $18.5 billion in 1999. The company's stock is traded on the New York Stock Exchange and the London Stock Exchange. Learn more at eds.com.
About ICG Commerce
ICG Commerce is the world's first comprehensive online procurement services provider. Leveraging its wealth of supply chain management, purchasing and strategic sourcing expertise across multiple industry groups, ICG Commerce delivers comprehensive, tailored services built around a flexible, Internet-based platform. ICG Commerce can effect the entire spectrum of purchasing strategies, including aggregated buys, portals and exchanges, hosted auctions, eRFQs/eRFPs, spot buys and catalog purchases. ICG Commerce is a member of the Internet Capital Group (Nasdaq: ICGE - news) network, and is based in Jenkintown, Pa. For more information, access the company's Web site at www.icgcommerce.com. |
