eHITEX Changes Name to Converge
Acquisition of VerticalNet’s NECX subsidiary announced in separate release
Cupertino, Calif., - Dec. 19, 2000 -- High-technology consortium eHITEX, Inc. today changed its name to Converge,
Inc. In a simultaneous joint release with leading e-business enabler VerticalNet [NASDAQ: VERT], the company
announced its acquisition of VerticalNet's NECX subsidiary.
"We're proud to announce our new name, Converge," stated Bob Lewis, CEO of Converge. "The name expresses our
intention to provide a platform for the high-technology industry to come together - to exchange goods and services
in a high-liquidity marketplace, and to collaborate with partners to solve long-standing supply-chain problems."
About Converge
Converge (http://www.converge.com ) is the independent online marketplace where high-technology industry
buyers and sellers connect, collaborate and transact to increase supply-chain efficiencies. Converge (formerly
known as eHITEX) received $100 million in funding in June, 2000 from its founders: Agilent Technologies (NYSE:
A), AMD (NYSE: AMD), Canon (NYSE: CAJ), Compaq (NYSE: CPQ), Gateway (NYSE: GTW), Hitachi (NYSE: HIT),
Hewlett-Packard (NYSE: HWP), NEC (NASDAQ: NIPNY), Quantum (NYSE: DSS), Samsung Electronics (OTC:
SSNIF), SCI Systems (NYSE: SCI), Solectron (NYSE: SLR), Synnex (privately held), Tatung (TAI: 2371.TW) and
Western Digital (NYSE: WDC). For more information about Converge, please call (877) 693-5694 or (310)
231-6958 (outside US), or send inquiry via email to: info@converge.com |
