I wonder how NETP is partnered with Accrue Software in this venture and how much money can they actually make from Accrue's gross business (whatever it turns out to be.) I believe that Softbank of Japan also has a stake in NETP so the complexity of some of these deals gets beyond human comprehension. <G>
FREMONT, Calif.--(BUSINESS WIRE)--June 8, 1999--
First eBusiness Analysis Solution to Meet
Growing Demand in Japanese Market
Accrue(tm) Software, Inc., a leading provider of enterprise eBusiness analysis software and services, today announced it is expanding into the Japanese market by partnering with established distributor and systems integrator Sumisho Electronics, a publicly traded affiliate of the Sumitomo Corporation located in Tokyo, Japan.
Under the agreement, Sumisho Electronics will sell, consult, support and integrate Accrue Insight(tm), Accrues flagship eBusiness analysis solution. Accrue Insight offers users detailed Web-site visitor and traffic data by collecting, analyzing and reporting comprehensive Web-site traffic information, visitor data, and content effectiveness metrics. Accrue and Sumitomo will conduct co-branding ventures including joint merchandising and promotions to the high profile Japanese market.
Recognizing the importance of localized versions to Accrue Insights international expansion strategy, Accrue Software and Sumisho Electronics have also entered into an agreement to develop a native Japanese language version of Accrue Insight. The localized version of Accrue Insight is scheduled for release in Q4 99.
"eCommerce is gaining momentum in Japan, and Accrue Software delivers what our customers desperately need: a best-of-breed solution for high-end web site measurement and analysis," said Yoshiharu Inou General Manager, Business Solutions Division. No. 2, Sumisho Electronics Co., Ltd. "NEC, a leading electronics and computers supplier, is already testing Accrue Insight for its eBusiness initiatives with impressive results. With this partnership, we will be meeting an immediate demand from Japans leading e-commerce companies."
Accrue Software has established itself in the US as the solution of choice for leading enterprise-level businesses with high volume, complex web sites, particularly in the areas of Publishing, Entertainment, Retail, Computer Technology and Financial Services. Accrue now plans to extend that leadership position to the Japanese market, where Accrue Insight will play a major role in allowing companies to take advantage of their businesses' mission critical Web data.
"Accrue could not have found a better partner for our launch into the Japanese market," said Rick Kreysar, president and CEO of Accrue Software. "Sumisho Electronics is one of Japans most well-known distribution and system integration firms, and a member of the renowned global Sumitomo parent company. We see a tremendous growth opportunity in bringing a much-needed technology to Japanese eBusiness, and through partnerships like this we will make the most of that opportunity."
About Accrue Software
Accrue is a leading provider of eBusiness data collection and analysis software which enables business decision-makers to address critical marketing and merchandising questions concerning the effectiveness of their Web sites. Accrues flagship product, Accrue Insight, is a comprehensive and scalable solution that helps Internet businesses increase the numbers of visitors, customer loyalty and sales by collecting, storing, analyzing and reporting Web site activity data at a level of detail and accuracy that distinguishes our technology from others. Accrue's customers includes Apple Computer (NASDAQ:AAPL), Beyond.com (NASDAQ:BYND), DreamWorks SKG, Eastman Kodak Company (NYSE:EK), Federal Express (NYSE:FDX&server=trading10.schwab.com/trading&signature=yes">NYSE:FDX), Ford Motor Company (NYSE:F), Merck & Co., Inc. (NYSE:MRK), Motorola (NYSE:MOT), NationsBank Corporation, Oracle Corporation (NASDAQ:ORCL), Preview Travel (NASDAQ:PTVL), San Jose Mercury News, TheStreet.com (NASDAQ:TSCM), Sprint Corporation (NYSE:FXN) and T. Rowe Price (NASDAQ:TROW). Accrue has strategic partnerships with Vignette Corporation (NASDAQ:VIGN), NetPerceptions (NASDAQ:NETP) ABC Interactive, and NetGravity (NASDAQ:NETG). Located in Fremont, California, Accrue Software can be reached at 1-888-4ACCRUE or 510/580-4500. For more information on the company, visit www.accrue.com.
Accrue Software and Accrue Insight are trademarks of Accrue Software, Inc. All other trademarks are the properties of their respective owners. All rights reserved.
CONTACT: Accrue Software, Inc.
Alyce Menton, 510/580-4541
amenton@accrue.com
or
The Horn Group, Inc
Ben Farrell, 415/905-4048
bfarrell@horngroup.com
KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC
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