ENTEL Chile and Oracle to Create the First Chilean B2B Exchange
ENTEL Chile Selects Oracle as Technology Partner for Regional B2B Exchange
REDWOOD SHORES, Calif., Nov. 29 /PRNewswire/ -- (http://www.oracle.com/tellmemore/?494676) Oracle Corp. (Nasdaq: ORCL), the largest provider of software for e-business and ENTEL Chile, one of the leading telecommunications companies in the country, announced today the signing of an agreement for the design, development and creation of the first global B2B marketplace for Chile. The agreement was celebrated during a visit to Oracle's Redwood Shores headquarters by Chilean President Ricardo Lagos and a group of Chilean business leaders.
(Photo: NewsCom: newscom.com )
The Latin American business-to-business marketplace will enable businesses to buy and sell both products and services on line, enabling real-time collaboration between suppliers and customers. ENTEL Chile intends to lead the electronic marketplace initiative, with Oracle providing the marketplace software technology and hosting platform. By selecting Oracle as its technology provider, ENTEL Chile has demonstrated its commitment to e-business and solidified its instrumental role in developing the first exchange in Chile. This successful negotiation signals the start of a long lasting relationship between ENTEL Chile and Oracle.
"Through ENTEL Chile's leadership, companies and businesses throughout Chile will now be able to realize the benefits of moving towards an exchange model for the procurement of goods and services. The Oracle Exchange platform will enable participating businesses in the exchange the ability to streamline and lower operational costs and eliminate supply chain inefficiencies," said Sandy Sanderson, executive vice president, Oracle Corp. "By launching the first exchange in Chile, Oracle's position of leadership and penetration in the Latin American market is strengthened."
About ENTEL Chile
ENTEL is one of the telecommunications leader in Chile, and has been successful in the US market through its affiliate Americatel. With its latest global challenge, 123.com, ENTEL continues its worldwide expansion.
About Oracle
Oracle Corporation provides the software that powers the Internet. For more information about Oracle, please call 650-506-7000.
Trademarks
Oracle is a registered trademark of Oracle Corporation. Other names may be trademarks of their respective owners.
SOURCE Oracle Corporation
CO: Oracle Corporation; ENTEL Chile
ST: California, Chile
IN: CPR MLM
SU: CON
11/29/2000 08:02 EST prnewswire.com |
