To: Mr. Big who wrote (78511 ) 1/11/2000 8:00:00 PM From: puborectalis Respond to of 120523
PSDI acquisition for cash.....With the acquisition of INTERMAT, PSDI will add a robust component to its existing technology for mroMarketplace and for the company's MAXIMO installed base consisting of thousands of end users. MRO.com will be able to standardize descriptions for industrial suppliers and buyers providing the ability to easily search for supplies in the mroMarketplace catalogs. Rich product content is mandatory and represents the most challenging component of an MRO e-Commerce solution due to the volume and complexity of the data, and the involvement of tens of thousands of distributors and manufacturers, each with their own disparate sources of information. ''A fundamental part of our strategy is to offer content that is specific to the maintenance and repair world,'' said Walt Vanderlaan, vice president, corporate development, MRO.com. ''Product classifications, item attributes, technical specifications, and digital assets are crucial to the buying experience for the maintenance and purchasing professional. Quality content is what drives the success of e-procurement solutions. Without it, efforts to reduce costs for both the buyer and supplier will not be fully realized.'' ''In the digital marketplace for MRO products, aggregated content is everything,'' said Chip Drapeau, president and CEO of PSDI. ''The accessibility and quality of the data is a fundamental piece of the Internet commerce puzzle. The company that wins the content battle will win in the MRO e- procurement space. The acquisition of INTERMAT is another critical step in our strategy to provide a comprehensive solution for capital asset intensive industries to reduce costs for buyers and sellers of MRO materials and supplies.''