VerticalNet Selects Ironside to Streamline Supplier Integration
VerticalNet to Deliver Low Cost Solutions for Real-time Pricing, Availability And Order Management Integration into Supplier Back-Office Systems Via The Ironside Network
PLEASANTON, Calif., and HORSHAM, Pa., Dec. 5 /PRNewswire/ -- Ironside Technologies Inc., a leading supplier of sell-side business-to-business electronic commerce solutions for the manufacturing and distribution market, and VerticalNet Markets today jointly announced an agreement to streamline and simplify supplier integration. VerticalNet Markets is a division of VerticalNet, Inc. (Nasdaq: VERT), the Internet's leading business-to-business e-commerce enabler. VerticalNet will co-market the Ironside Network to provide suppliers real-time access and integration into VerticalNet's commerce-enabled communities.
Ironside can provide eligible suppliers real-time access to the Ironside Network within approximately three weeks. Suppliers integrated into the Ironside Network benefit by being directly connected to VerticalNet's trading communities. Buyers benefit by having access to real-time transaction and query capability, including product availability, market-specific pricing and available-to-promise status. This integration complements with VerticalNet's comprehensive order management and fulfillment services, providing buyers and sellers end-to-end commerce capabilities.
"Our customers prefer real-time pricing and availability to transact business on the Web," said Jim Larkey, Vice President of Product Management, VerticalNet Markets. "As one of the industry's leading solutions for marketplace integration, we believe that the Ironside Network provides a powerful competitive advantage within VerticalNet's commerce-enabled communities by offering both buyers and suppliers quick access to the necessary pricing, availability and product information critical in making purchase decisions."
"The value of any marketplace will ultimately be decided by buyers and sellers creating meaningful and reliable online business relationships," said Rod Foster, vice president of the Ironside Network. "VerticalNet is taking aggressive steps toward delivering this capability, leveraging the Ironside Network to connect suppliers with buyers, while driving the type of liquidity that only real-time transaction processing offers. This will lead to a very powerful competitive advantage."
Ironside supplier-centric B2B solutions integrate into a supplier's enterprise business systems (e.g., ERP, ERM, SCM, logistics and legacy), tightly integrating a supplier's operations with various online buying constituencies, including e-marketplaces. This is a competitive advantage for suppliers, ensuring that their online buyers have accurate visibility into the upstream supply chain without any risk of making procurement decisions on the basis of inaccurate supplier information.
The Ironside Network is accessible to any supplier currently running the Ironworks 4.01 or higher product suite. For sellers not running Ironworks, Ironside will provide access for a flat implementation fee and a basic monthly subscription charge.
About Ironside Technologies
Pleasanton, Calif.-based Ironside Technologies Inc. is a leading provider of sell-side business-to-business electronic commerce solutions for manufacturers and distributors. Ironside Powered solutions include the Ironworks product suite and the Ironside Network service offering. Ironworks provides downstream trading partners sophisticated transaction and order- management capability, integrating into existing enterprise business logic to deliver information that is always up to date. The Ironside Network is the industry's first independent e-business access service, providing suppliers access to any e-marketplaces and the flexibility to enter and exit quickly and efficiently. All Ironside Powered solutions integrate into virtually all enterprise business systems and are available as rapidly deployable integrated solutions for enterprise resource planning (ERP) platforms, such as SAP, Oracle, JD Edwards, SSA eBPCS, JBA, and PRISM. Contact Ironside at www.ironside.com, or call 1-800-495-IRON.
Ironside, Ironside Powered, Ironworks and Ironside Network are registered trademarks of Ironside Technologies Inc. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.
About VerticalNet, Inc.
VerticalNet, Inc. (www.verticalnet.com) provides end-to-end e-commerce solutions targeted at distinct business segments through three strategic business units: VerticalNet Markets owns and operates 57 industry-specific marketplaces providing commerce, community and content in a hosted environment; VerticalNet Exchanges focuses on direct material open and spot markets; and VerticalNet Solutions builds digital marketplaces for global 2000 customers 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.
VerticalNet and NECX are registered trademarks and/or trademarks of Vert Tech LLC in the United States and/or other countries.
This announcement contains forward-looking statements that involve risks and uncertainties, as well as statements that are preceded by, followed by or include the words "believes," "plans," "intends," "expects," "anticipates," or similar expressions. For such statements, VerticalNet claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include matters relating to technology, performance and operation; rapid technological and market changes; potential intellectual property and licensing issues; as well as those factors set forth in the each company's Annual Report on form 10-K for the year ended December 31, 1999 and the Company's Quarterly Report on form 10-Q for the quarter ended September, 2000, both of which have been filed with the SEC.
SOURCE VerticalNet, Inc.
CO: VerticalNet, Inc.; Ironside Technologies, Inc.; VerticalNet Markets
ST: California, Pennsylvania
IN: CPR MLM
SU: JVN
12/05/2000 15:15 EST prnewswire.com |
