Manugistics, Inc. (ticker: MANU, exchange: NASDAQ) News Release - 4/10/2001
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OneChem to Offer Broad Suite of Manugistics-Powered Supply Chain And eMarketplace Offerings to Chemical Industry
MIAMI and ROCKVILLE, Md., April 10 /PRNewswire/ -- OneChem Ltd., a leading application service provider (ASP) to the chemical industry, and Manugistics Group, Inc. (Nasdaq: MANU), the leading global provider of Enterprise Profit Optimization(TM) (EPO) solutions -- the powerful combination of supply chain management and pricing and revenue optimization solutions -- for enterprises and eMarketplaces, today jointly announced that they intend to add a broad suite of Manugistics-powered supply chain management and eMarketplace capabilities to the OneChem e-Commerce platform.
OneChem and Manugistics will be working together -- following completion of a formal agreement -- to provide solutions that enable chemical companies and their trading partners to reduce supply chain inventory, optimize the physical distribution of materials, and facilitate collaboration. The aim is to further enable OneChem's customers to gain efficiencies in their private trading networks of customers and suppliers. The hosted, Internet-based solutions would be offered as an alternative to the significant infrastructure investment traditionally required to support advanced supply chain management.
"OneChem is committed to a best-of-breed technology strategy that has enabled us to build a portfolio of solutions and services in an ASP environment specifically designed for the chemical industry, which combine order management, customer care and B2B connectivity through the OneChem B2B Connectivity/e-Hub," said Jay Starkman, president of OneChem. "A number of Manugistics applications are well-designed to further enhance the collaborative private trading networks between chemical companies and their trading partners which utilize OneChem's e-Commerce platform and e-Hub."
Starkman continued, "Manugistics solutions are enabling some of the chemical and energy industry's best-known companies to save tens of millions of dollars in inventory costs while maintaining or improving customer service. We intend to provide more companies in the industry with access to these powerful solutions -- without the need for them to build out a costly IT infrastructure -- in addition to our current powerful platform."
"Manugistics' leadership among the largest chemical and energy industry companies flows from our strategic focus on delivering solutions that can be quickly implemented, and that deliver strong return on investment in a short time frame," said Jeff Smith, Manugistics group vice president, chemical and energy. "Once our solutions become part of the OneChem e-Commerce Platform, we particularly believe that the industry's mid-market companies will look to these Manugistics-powered supply chain capabilities to increase revenue, decrease costs, and improve asset utilization and customer service."
Manugistics' chemical and energy industry clients include 7 of the top 10 in the Fortune 500. Industry leaders such as BASF, BP, Cabot, ChemLogix, DuPont, ExxonMobil, Mitsui Chemicals, Repsol, Rhodia, Rohm and Haas, Royal Dutch Shell, Van Waters & Rogers, and Vulcan Chemicals are all utilizing, or in the process of implementing, Manugistics solutions.
About OneChem
OneChem, a leading application service provider in the chemical industry (located at onechem.com ), offers the OneChem e-Commerce Platform that enables companies in the chemical industry to conduct business over the Internet with their customers, suppliers and service providers. OneChem's unique, packaged solutions technology provides its customers with the streamlined ability to manage contracts, execute orders, provide customer care, as well as B2B connectivity through its e-hub, all through a single, private e-commerce solution. In addition, OneChem provides full infrastructure and managed services capabilities, enabling its customers to realize quickly the benefits of e-commerce while controlling costs.
About Manugistics Group, Inc.
Manugistics is the leading global provider of Enterprise Profit Optimization (EPO) solutions -- the first solutions to simultaneously optimize a company's supply- and demand-side functions. Manugistics EPO and eMarketplace solutions help companies lower operating costs, enhance profitability and accelerate growth. The company's list of clients includes industry leaders such as 3Com, Amazon.com, Boeing, BP, Brown & Williamson, Caterpillar, Cisco Systems, Coca-Cola Bottling, Compaq, DuPont, eConnections, Ford, General Electric, Harley-Davidson, Hormel, Levi Strauss & Co., Marriott, Nestle, Texas Instruments, Timberland, Unilever, and United Airlines. For more information, go to manugistics.com .
FOR ADDITIONAL INFORMATION REGARDING THIS ANNOUNCEMENT, CONTACT THE MANUGISTICS NEWSBUREAU HOTLINE AT 301-984-5330.
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, competition, risks related to quarterly performance, risks of system interruption, management of potential growth, and risks of new business areas, international expansion, business combinations, and strategic alliances. A decreased demand for computer software due to weakening economic conditions, particularly in the United States economy, could result in decreased revenues or lower revenue growth rates. More information about factors that potentially could affect Manugistics financial results is included in Manugistics filings with the Securities and Exchange Commission, including most recently the Registration Statement on Form S-3 (Registration Statement No. 333-53918.
Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," Enterprise Profit Optimization and NetWORKS are trademarks of Manugistics, Inc. All other product or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. SOURCE Manugistics Group, Inc.
CONTACT: Joel Weinshank of Manugistics Group, Inc., 301-984-5330, or jweinsha@manu.com; or Eamon Bobowski of Ogilvy PR, 202-736-1652, or eamon.bobowski@ogilvypr.com, for Manugistics; or Gina Palacio of OneChem Ltd., 305-423-4042, or gina.palacio@onechem.com; or Ellen Boyle of Wragg & Casas PR Inc., 305-372-1234, or eboyle@wraggcasas.com, for OneChem/ |
