Intel Investors - Intel Openly discusses Pandesic's business and progress/success to date.
Intel's public disclosure of Pandesic's business levels would seem to indicate that Intel WANTS their Pandesic SUCCESS to be more broadly understood and APPRECIATED !!
Paul
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biz.yahoo.com
Wednesday July 12, 3:53 pm Eastern Time
Company Press Release
Pandesic Reaches Quarterly Goals
Stakes Sizeable Claim On Bricks-and-Mortar Market Through Deals With Big 5 Consultant, Major Retail Software Provider and Leading Mall Operator
SUNNYVALE, Calif.--(BUSINESS WIRE)--July 12, 2000--Pandesic, the largest e-commerce application service provider, announced today that it has achieved its quarterly goals. In the second quarter of 2000, Pandesic carved out a significant share of the bricks-and-mortar commerce market, forged a $1 billion alliance to scale its ability to implement and deploy the Pandesic commerce platform and released the 10th version of its platform.
Pandesic's partnerships in Q2 are milestones in its strategy to capture not only part of the $199 billion in online spending predicted by 2005, but a share of the $632 billion Jupiter Communications predicts U.S. shoppers will spend on web-influenced retail and online purchases by 2005. Pandesic earns a percentage of its customers' e-businesses revenues in return for evergreen technology that provides customers with new features and functionality, allowing them to focus on their business, not software development and management.
``Two pivotal partnerships -- Triversity and General Growth Properties -- prove Pandesic's business value to customers and enable us to bridge the narrowing gap between retail and etail,'' said Harold Hughes, Pandesic CEO. ``Also, our billion-dollar deal with PricewaterhouseCoopers will further extend our customer reach while outfitting us with an army to implement the Pandesic platform for online and offline businesses worldwide.''
The Market
Pandesic carved out a share of the bricks-and-mortar market with two strategic partnerships this quarter. The first introduces Pandesic to potentially hundreds of clicks-and-mortar customers and the second establishes a development partnership to execute Pandesic's vision of converged commerce.
General Growth Properties (NYSE:GGP - news), the second-largest mall operator with 135 malls in the United States, launched Mallibu.com with its first participating mall, RiverTown Crossings in Michigan, on Pandesic's commerce platform.
Pandesic partnered with Triversity, whose software solutions process more than 1 billion transactions per year in 32 countries at the retail point-of-sale. The partnership will integrate Triversity's point-of-sale software with Pandesic's multi-channel software to develop transaction and customer relationship software that converges retailers' operations, including retail, catalog, Internet, phone and PDA channels, onto one, web-based platform.
``Our partnership with Triversity provides Pandesic access to a huge bricks-and-mortar customer base and provides retailers with an experienced multi-channel commerce platform,'' Hughes said. ``Triversity shares Pandesic's vision to provide seamless integration of its transactions and customer programs across all sales channels.''
Triversity customers include The Sports Authority, Hallmark Cards, Rite Aid, Pep Boys and Williams-Sonoma. Pandesic and Triversity share customers, including The Children's Place.
Meeting Demand
The market for the Pandesic platform is greater than Pandesic alone can answer with its direct-sale and implementation force. Pandesic formed a $1 billion alliance with PricewaterhouseCoopers to sell, implement and deploy the platform to businesses ranging from Fortune 200 companies to Internet startups.
PricewaterhouseCoopers' worldwide implementation and deployment army will help Pandesic answer global market demand and help reach its customer acquisition goals. Combined, PricewaterhouseCoopers' service offerings and Pandesic's customer-driven standard commerce platform is expected to quickly and efficiently launch clicks-and-mortar and dot-com companies.
The Product
Pandesic's 100-plus e-businesses receive lifetime upgrades of the Pandesic platform. In v.4.2, Pandesic enabled international commerce so customers like U.K.-based Confetti Network can deploy international commerce within their own countries and abroad, supporting different currencies, methods of payments, tax structures and date formats without compromising the customer service for which Pandesic customers continue to earn accolades.
This week, RIS News named Osh Kosh B'Gosh and The Children's Place to its list of top 50 retailers who ``get it.'' The news publication for Retail Info Systems tapped retailers whose strategy fused technology solutions with corporate vision. Both Osh Kosh B'Gosh and The Children's Place chose the Pandesic platform as an integral part of their business strategies.
Powered by the Pandesic platform, Pandesic customers can provide end-consumers with quality customer service that builds brand loyalty and creates successful businesses. Pandesic customers eHobbies.com and beautyjungle.com were named among the Top 5 etailers in customer service by E-Biz Solutions magazine this quarter.
Part of Pandesic's evergreen promise includes regular upgrades as needed by the changing e-business industry and particular customers. Pandesic developed the technology to support a secondary ticket market for the San Francisco Giants whose sold-out ballpark makes unused season tickets hot property to eager Giants fans. The Giants-sanctioned resale of tickets at or above face value is enabled by Pandesic and smoothly integrated into the Giants' existing ticketing system.
Recently, Pandesic enabled Flowerfarm.com to sell flowers via Palm Pilots. With a couple sweeps of a Palm stylus, Flowerfarm shoppers order flowers to be delivered and charged to their credit card. This wireless transaction capability follows Pandesic's development of transaction abilities via mobile phones.
About Pandesic, LLC
Pandesic, the largest e-commerce ASP, establishes the commerce platform to sell and service customers anywhere, anytime. By offering a platform that improves business productivity, customer service and product fulfillment through an ASP delivery model, Pandesic enables companies to grow scalable and sustainable businesses that outperform their competition. Pandesic's customer and strategic partner base includes such leading companies as express.com, The Children's Place, eVineyard, the San Francisco Giants, Intel, SAP and Microsoft. Pandesic is headquartered in Sunnyvale, California, with offices in Folsom, San Francisco, New York City, Miami, London and Tokyo. For more information, visit www.pandesic.com.
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Contact:
Pandesic
Paula Stout, 408/616-1917
pstout@pandesic.com
or
Coltrin & Associates
Alisa Hicks, 650/373-2005
alisa_hicks@coltrin.com |
