Monaco - Re: "I think it was called S&P or something like that?"
That company is SAP and Pandesic is the name of the joint venture.
It is off to a slow start and last week the SAP guy who was president got the BOOT and an Intel guy replaced him.
Paul
{==============}
Friday April 3, 11:59 am Eastern Time
Company Press Release
Pandesic LLC Refocuses on U.S. Market
New Management Structure Announced
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 3, 1998--Pandesic LLC, the Internet
company from Intel and SAP, today announced that the management of the company will
be consolidated under Harold Hughes, chairman of the board of Pandesic LLC , as he
takes over day-to-day responsibilities for the company.
Hughes will refocus the organization to leverage the broad market awareness of
Pandesic LLC in the United States in order to build its North American customer base of
small to midsize companies and increase its U.S. market penetration.
Due to this redirection, Bryan Plug, CEO and president, is resigning and will continue
with Pandesic LLC through May 31. Plug is considering new opportunities including
returning to SAP in a senior management capacity.
The short-term shift in strategy will enable Pandesic LLC to focus its efforts as a start-up
on the U.S. market, strengthen its channel, leverage ''early-adopter'' customer feedback
to evolve the Pandesic(TM) solution, and capitalize on the fastest growing e-business
market in the world. As a result of the strategy shift, Pandesic LLC's previously
announced plans to open offices in Europe in May have now been delayed until late
1998 or early 1999. However, Pandesic LLC remains committed to expanding
international capabilities in the Pandesic solution by the end of this year to enable its
U.S. customers to conduct business over the Internet worldwide.
''Market analyst findings and our recent experience have shown that even though the
U.S. market is leading the world in its use of the Internet, U.S. companies are only just
now beginning to capitalize on the vast opportunities that are available for transacting
business over the Internet,'' Hughes said. ''These findings have prompted the short-term
redirection of Pandesic's efforts. When doing business in the Internet market, a company
like Pandesic LLC has to remain nimble and prepared to make tough choices with
regard to the market opportunities that it pursues. We will miss Bryan, and wish him well
in the future.''
Since its inception in August 1997 as a joint venture between SAP and Intel, Pandesic
LLC has had impressive results including the following accomplishments:
Released two versions of the Pandesic solution
Implemented the solution at several customer sites, including
whitbread.org, koshergrocer.com,
sanjosesymphony.org and sunfruit.com
Built an internal organization of more than 100 people
Formed a distribution channel of more than 30 partners
Built a strong alliance network including UPS, Cybercash and Hewlett-Packard
Offered three new hosted versions of the Pandesic solution, reducing the cost for
merchants of running and supporting an in-house system
''We believe Pandesic LLC is in the right place at the right time with the right e-business
solution,'' said Paul Wahl, Pandesic board member and CEO of SAP America. ''SAP
remains committed to its joint venture with Intel and is confident that with Harold Hughes
at the helm and a laser-sharp focus on small to midsize companies in the U.S. market,
Pandesic LLC will be a clear market leader.''
''Intel is delivering the underlying architecture for Pandesic, and we are enabling the
solution set needed for small to midsize companies to be successful doing business
over the Internet,'' said Dennis L. Carter, Pandesic board member and vice president of
the sales and marketing group at Intel Corp [Nasdaq:INTC - news].
About the Pandesic E-Business Solution
The Pandesic e-business solution is the only platform that allows merchants to manage
their electronic business by providing powerful order processing and logistics support for
the entire commerce cycle using integrated business processes.
A complete end-to-end solution that bundles software, services and hardware, Pandesic
seamlessly handles marketing, order processing and fulfillment, inventory pricing,
materials management, tax handling, payment processing, shipping and handling
logistics, financial reporting, and vendor-payment processes associated with electronic
commerce transactions.
About Pandesic LLC
Pandesic LLC develops innovative, end-to-end electronic business solutions that make
companies more competitive by providing real-time access to business information,
leveraging proven best business practices, and using highly integrated systems. Formed
in 1997, Pandesic LLC was founded jointly by Intel and SAP America with headquarters
in Sunnyvale, Calif.
Pandesic is a trademark of Pandesic LLC. SAP and all SAP product and service names
referenced herein are trademarks or registered trademarks of SAP AG. Other product
and company names herein may be trademarks of their respective owners.
For online information about Pandesic:
Visit pandesic.com.
Contact:
Waggener Edstrom
Otto Pijpker, 425/637-9097
ottop@wagged.com
More Quotes
and News:
SAPHY - news
Intel Corp (Nasdaq:INTC - news)
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