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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Mohan Marette who started this subject6/2/2004 1:07:13 PM
From: bob zagorin  Read Replies (1) of 4187
 
CommerceQuest and Savvi International Offer Enterprise-Level Six Sigma Business Process Management
Wednesday June 2, 8:00 am ET
TRAXION EnterpriseBPMS and Savvi Sigma Deploy Value Chain Control and Predictability

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--June 2, 2004-- CommerceQuest Inc. and Savvi International today announced from the Leadership Conference of the International Society of Six Sigma Professionals a solution alliance that expands the effectiveness of Six Sigma throughout the enterprise by leveraging business process management (BPM) information technology.

Desktop BPM tools assist Six Sigma practitioners in the design and simulation of business processes for Six Sigma projects. Enterprise BPM improves the effectiveness of business initiatives by applying information technology to define, measure and analyze entire process improvement programs.

Combining the advanced Enterprise BPM solution of CommerceQuest's TRAXION(SM) Enterprise Business Process Management Suite (TRAXION EnterpriseBPMS) with the Savvi Sigma performance improvement methodology, businesses are now able to completely characterize, understand and manage entire value chains. People and systems, as process participants, can now perform to unprecedented levels of control and predictability. Sustainable enterprise improvements that were previously unavailable are now possible through the integration of Enterprise BPM and Six Sigma.

"Approaching organizational process improvements holistically is the heart of BPM and aligns well with the six sigma methodology," said Mike Forster, Chairman and CEO of CommerceQuest. "CommerceQuest's Enterprise BPM solution adds a new dimension of performance to Six Sigma by giving practitioners the ability to scale beyond departmental projects to initiatives that impact the entire enterprise."

"Aligning Six Sigma with Enterprise BPM may be the single most significant advancement to the capability of these two already powerful methodologies," stated Don Redinius, President and COO of Savvi International.

In a joint presentation at the Six Sigma Leadership Conference, CommerceQuest and Savvi International are demonstrating how leading organizations in the financial services and retail industries combine Enterprise BPM and Six Sigma to enable their most important initiatives. Projects as diverse as assimilating new employees, streamlining the promotions management process and improving a corporation's ability to visualize and optimize store-level operations are just a few examples of Six Sigma working with Enterprise BPM to optimize enterprise-level business processes.

Eric Austvold of AMR Research noted in a January 14, 2004 research note BPM Is a When, Not an If - Start Now, "In 2001, we predicted that Business Process Management (BPM) technology would be a cornerstone of application architectures of the future, highlighting the technology as one of seven key architectural components of future software architectures. And now that is being realized. Because of increasing interest in composite application frameworks, service-oriented architectures, and process improvement initiatives like Six Sigma and Lean manufacturing, BPM is a must in 2004".

About CommerceQuest (www.commercequest.com)

Founded in 1991, CommerceQuest is the only enterprise solutions provider that enables its customers to rapidly turn business strategy into business processes by fully integrating the work that people do with software systems that optimize business performance. CommerceQuest delivers a complete set of scalable business process management (BPM) solutions that leverage existing IT investments to unite people, processes and technology in a service-based architecture that spans the extended enterprise, from the mainframe to the Internet and everything in between. More than 500 industry-leading companies rely on CommerceQuest to help them integrate heterogeneous workflow and IT systems, including many of the Fortune 500 companies such as The Home Depot, Coca-Cola Bottling, Ahold, and American Express.

CommerceQuest is a privately-held company and a member of Internet Capital Group's (Nasdaq:ICGE - News) collaborative network of Partner Companies. For more information about CommerceQuest, please call us at 813.639.6300 or visit us on the Web at www.commercequest.com.

About Savvi International

Savvi International is a business performance improvement solutions company, specializing in the delivery of management systems, six sigma, process management, software tools and Lean techniques for improving business performance. Savvi develops and applies expert business and technical knowledge, application software tools, e-learning and classroom training solutions within all types of businesses.

Savvi and its combined companies have been providing consulting, training and software tools to companies ranging from small to Fortune 500 for more than six years. Savvi International is recognized as one of the business performance industry leaders by the International Society of Six Sigma Professionals.
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