EnergyWorkspace Forms Strategic Alliance With VerticalNet, Provides Collaboration Resources to Larger Energy Communities
HOUSTON--(BUSINESS WIRE)--Nov. 28, 2000--EnergyWorkspace, developer of a comprehensive business operations support system, today announced a strategic alliance with VerticalNet Markets, a strategic business unit of VerticalNet Inc. (Nasdaq:VERT), the Internet's leading business-to-business e-commerce enabler, to provide EnergyWorkspace's multi-functional collaborative workspaces and integrated applications through VerticalNet's Oil and Gas Online and Hydrocarbon Online communities.
VerticalNet will create and promote a co-branded site that offers EnergyWorkspace's shared workspace functionality to all registered VerticalNet energy industry users. In turn, EnergyWorkspace will gain greater reach to energy industry professionals through VerticalNet's energy portals. Users of both systems gain value-added benefits through new tools and services that complement existing project management resources.
"We share a common mission with EnergyWorkspace - to develop an online environment that gives business professionals the best value for their time on the Web," said Karl Harrison, general manager for VerticalNet's Energy division. "This relationship furthers our ability to offer unique services and enhanced benefits that improve our users' online experience."
"Energy industry professionals increasingly need tools and services that enhance job productivity," noted Mark Beatty, president and CEO of EnergyWorkspace. "By adding EnergyWorkspace's collaborative workspaces to VerticalNet's premier online communities, we fulfill this need through enhanced access to the information, knowledge and tools that our customers need to get work done online. We also introduce our unique business process support system to thousands of potential clients across a range of energy companies."
EnergyWorkspace.com is a comprehensive, online business operations support tool, comprised of secure collaboration workspaces, an integrated application service provider and multi-functional eCommerce solutions. The collaboration system provides a secure, online resource for knowledge and information exchange with strategic partners beyond corporate firewalls and across geographic boundaries.
Collaborative workspaces can be used to share contractual agreements, budget records, technical diagrams and other project-related documents. In addition, companies can manage project development process and control equipment and service procurements. EnergyWorkspace.com's collaboration system features user defined access and document version control, application integration, email notification, threaded discussions and online meeting functions. In addition, EnergyWorksace offers subscription access to a variety of best-of-class industry applications through its ASP.
EnergyWorkspace will create a customized version of its shared workspaces for VerticalNet that allow "My Oil and Gas Online" users to view a snapshot of project milestones through the online community. EnergyWorkspace will also manage and track all EnergyWorkspace transactions originating from VerticalNet and will work with VerticalNet's project management team to ensure complete product and service compatibility.
Both business-to-business online marketplaces will also share storefront and auction listings to be included in separate co-branded sites accessible on each system. VerticalNet will also make available its rich content, including industry news.
For more information on EnergyWorkspace call 877/397-1277 or visit the company's Web site at www.EnergyWorkspace.com. Information on VerticalNet can be found at www.VerticalNet.com.
About EnergyWorkspace
EnergyWorkspace is the leading developer of a comprehensive, online professional workspace and business-critical software applications for the oil and gas industry. EnergyWorkspace's products include EnergyWorkspace.com, the premier application and process-centric professional community for the energy industry, and the Dolphin Knowledge(TM) suite of business process support applications for exploration and production locations. Together, these offerings create a virtual environment where the energy industry goes to work. For more information on EnergyWorkspace call 877/397-1277 or visit the company's Web site at www.energyworkspace.com.
About VerticalNet, Inc.
VerticalNet, Inc. provides end-to-end e-commerce solutions targeted at distinct business segments through three Strategic Business Units: VerticalNet Markets includes 57 industry-specific Web sites designed as online vertical trading communities and provides hosted e-commerce and community capabilities for corporate divisions and mid-size businesses; VerticalNet Exchanges focuses on direct material open and spot markets; VerticalNet Solutions builds digital marketplaces for global 2000 customers, consortia and neutral Net market makers. VerticalNet International leverages the Company's three strategic business units to create global Internet B2B marketplaces, offering products and services internationally and partnering with companies that have strong local presence and domain expertise. For more information on VerticalNet visit the company's Web site at www.verticalnet.com.
SOURCE: EnergyWorkspace
CONTACT:
For EnergyWorkspace
Jerry Alwais, 713/513-9518
alwaisj@fleishman.com
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