If this message appears twice, blame the SI gremlins.
Earlier today we learned that Siebel has signed up Yahoo! as a customer. Now we learn that the other company in my Front Office Gorila Game has signed up Commerce One as a big-time partner. Not bad, being two for two on a day the market is closed.
--Mike Buckley
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MOUNTAIN VIEW and WALNUT CREEK, Calif., Jan. 17 /PRNewswire/ -- Remedy(R) Corporation (Nasdaq: RMDY), the world's leading provider of eCRM and e-business infrastructure solutions, and Commerce One (Nasdaq: CMRC), the leading provider of global business to business e-commerce solutions, today announced an alliance to integrate Remedy Purchasing@Work(TM) software with Commerce One MarketSite, the U.S. portal for exchanging goods and services among businesses worldwide. By providing organizations with worldwide access to online procurement, Remedy Purchasing@Work reduces the processing costs for MRO procurement by shortening order and fulfillment cycles and reducing off-contract purchases from unapproved suppliers. Through this alliance, Remedy Purchasing@Work customers will reap the benefit of the widest array and most robust options for online purchasing, including the ability to use local and distributed catalogs, and now aggregated catalogs through the Commerce One MarketSite.
"As we continue our aggressive pursuit of technology alliances, our goal is to expand the options for buying organizations to purchase products online," said Gary Oliver, vice president and general manager of the eBusiness Infrastructure Solutions division at Remedy. "As the provider of the premier global business-to-business marketplace portal for goods and services, Commerce One was a natural choice for us. Through the integration of Remedy Purchasing@Work and Commerce One MarketSite, customers can access the most comprehensive e-commerce solution available and the largest community of suppliers. Shorter cycle times, lower personnel costs, and greater accuracy assure our joint customers a superior return on investment (ROI)."
Commented Bruce J. Goodman, senior vice president and chief information officer for Humana Inc., "This is just what we were looking for from Remedy. The alliance with Commerce One will give us access to large buying communities and will integrate easily with our other procurement strategies. The ability to customize the application to our needs was key for us. It's important to have options on both the supplier side and the internal management side. Now Remedy with Commerce One gives us both."
Commerce One MarketSite provides the extranet environment required for real-time, interactive communication between members of a trading community. Its architecture ensures secure and confidential Internet transactions for each buyer and supplier organization. Commerce One MarketSite also provides the means to ensure that all transaction content (e.g., catalog content, pricing and availability) is accurate and up-to-date, and delivers robust trading partner application functionality. It also provides value-added services such as spot buying, surplus disposition, bid & auction, reverse auction, RFP processing and various other financial services.
"We're excited to be partnering with Remedy, to provide Remedy's more than 8,000 customer sites worldwide with the most comprehensive e-commerce solution available and the largest community of online suppliers," said Chuck Donchess, vice president of marketing and business development for Commerce One.
Remedy Purchasing@Work
Remedy Purchasing@Work is a Web-centric, self-service solution that automates and streamlines the purchasing process for non-production materials and services. Links to online catalogs consolidate product and pricing information from multiple suppliers to lower processing costs by shortening order and fulfillment cycle time and reduce off-contract purchases from unapproved suppliers. Automatic routing, approvals and notifications significantly reduce the time consumed by manual requisition tracking, and provide visibility and status checking at each stage of the process, from pricing through approval, order placement, and receipt. Accurate reporting lets purchasing personnel focus on more strategic initiatives, such as supplier consolidation, inventory management, and improving supplier performance, delivering significant savings to the bottom line.
About Commerce One MarketSite
Commerce One MarketSite is the U.S. portal for exchanging goods and services among businesses worldwide. Through Commerce One MarketSite and its affiliates, trade is accelerated, technology barriers are eliminated and costs are reduced for all trading partners. As the industry leading electronic marketplace, it provides a comprehensive solution and set of commerce services, which lower the cost and accelerate the adoption of electronic commerce to all trading partners. Commerce One MarketSite has supplied transaction and content management services to buyers and suppliers since March 1998.
About Commerce One
Commerce One, Inc. is a leading provider of electronic commerce solutions that dynamically link buying and supplying organizations into real-time trading communities. The Commerce One Solution, comprising Commerce One BuySite and Commerce One MarketSite, enables companies to significantly reduce operational costs and increase efficiency by automating the entire indirect goods and services supply chain. As a result, enterprise organizations are able to realize a strategic competitive advantage as well as a rapid return on investment. Commerce One is located in Walnut Creek, Calif., and can be reached by phone at (800) 308-3838 or (925) 941-6000 or via the Internet at commerceone.com or marketsite.net.
About Remedy
Remedy is the world's leading supplier of eCRM and e-Business infrastructure management solutions. With more than 8,000 sites in production in 70 countries, more organizations use Remedy products for eCRM and E-business infrastructure management than any other solutions. Over 60 percent of the Fortune 100 companies use Remedy products. More information on Remedy, its products and services is available on the company's Web site at www.remedy.com.
Forward-Looking Statements
Certain statements made in this press release by Commerce One are not historical facts but are "forward-looking statements" and may involve risks and uncertainties which could cause actual future results to differ materially and adversely from those anticipated by such statements. Included among the factors that could affect Commerce One's performance are: general economic conditions; fluctuations in operating results; its ability to effectively manage future growth, to retain and efficiently integrate our executive management team, and to identify, hire, train and retain, in a highly competitive market, individuals highly skilled in the Internet and its rapidly changing technology; significant revenue concentration in a limited number of clients; the lack of long-term contracts; its ability to enter into, and retain its existing, strategic relationships; market acceptance, rapid technological change, a decline in Internet usage, and intense competition in its market; its ability to effectively integrate the operational, managerial and financial aspects of future acquisitions; Year 2000 issues including those affecting Commerce One and its clients; and its ability to obtain financing when required. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the quarter ended September 30, 1999.
Remedy, Remedy Corporation & Design, and Remedy Purchasing@Work are trademarks of Remedy Corporation, Mountain View, California, which are registered or pending in certain jurisdictions. Commerce One, BuySite, BuySite Enterprise Edition, BuySite Hosted Edition and MarketSite are either trademarks or registered trademarks of Commerce One, Inc. All other trademarks are the property of their respective owners. |
