PA Early Stage Company, Ajunto, Inc., Forms Strategic Alliance with VerticalNet to Become the Preferred IT Sourcing Hub for the 57 VerticalNet Market Communities
WAYNE, Pa.--(BUSINESS WIRE)--Dec. 4, 2000--Ajunto, Inc., a PA Early Stage portfolio company and the first horizontal service provider (HSP) dedicated to the IT industry, announced today that it has established a strategic alliance with VerticalNet, Inc. (Nasdaq:VERT - news), the leading provider of dynamic business-to-business eCommerce solutions.
Through the alliance, Ajunto will become the preferred provider of information technology (IT) services and resources to all of VerticalNet's industrial net markets.
Ajunto's proprietary online service enables IT decision makers to optimally map their specific IT needs to the most appropriate applications and services using its automated, patent-pending eConfiguration Engine(TM) technology, and innovative SourceIT(TM) research and support services.
The agreement will enable VerticalNet to incorporate Ajunto's IT sourcing technology into its own communities in order to enhance the content and purchasing experience of its users. VerticalNet's IT buyers will have access to Ajunto's eConfiguration Engine and its rich array of industry and independent research from META Group and Kennedy Information. As a next generation IT solution provider, Ajunto's key value lies in automating, accelerating and improving the efficiency of the IT selection and due diligence process.
``I congratulate Ajunto and VerticalNet on this highly complementary strategic relationship,'' said Mike Bolton, managing director and chief executive of PA Early Stage. ``This partnership is indicative of the rapid progress Ajunto is making in executing its vision to automate the IT industry.''
``PA Early Stage has played an important role not only as a first and second round investor in Ajunto, but also as a valuable advisor and catalyst in helping to establish strong strategic partners and alliances like VerticalNet,'' said Michael M. Carter, founder, president and CEO of Ajunto. ``With solid relationships in place and more in development, Ajunto will continue to gain momentum in growing the community of IT buyers that will experience the value and time savings afforded by sourcing IT solutions with Ajunto and utilizing our IT automation software platform.'' |
