Alcatel Selects Vastera's TradeSphere Solutions to Automate Import and Export Operations
DULLES, Va.--(BUSINESS WIRE)--July 26, 2000--
Leading Telecommunications Network Company to Leverage Vastera
Software to Improve Customer Service, Expedite Shipments
and Reduce Costs
Vastera, Inc., a leading provider of solutions for global trade management, today announced that Alcatel (NYSE:ALA), a leading provider of high speed communication networks, has selected Vastera's TradeSphere solutions to manage Alcatel's global trade operations.
Alcatel will utilize Vastera's TradeSphere Exporter and TradeSphere Importer solutions to manage global shipments of its products.
Alcatel has over 120,000 employees worldwide, and a presence in about 130 countries. Its offerings range from high speed telecommunications networks to software applications to run them. In a business environment where importing and exporting are equally important, a single integrated global trade management system that supports both the import and export function is key.
Alcatel will use the Vastera TradeSphere solutions to automate and simplify the complex global trade functions required to support its global trade operations.
"We believe that Vastera's solutions and services will enable us to better manage both our import and export processes," said Danny Wade, vice president of operations, Alcatel. "As a result, we expect to be able to serve our customers better, maintain compliance with government regulations, and reduce our global shipping costs."
"Alcatel recognizes the important interrelationship between its importing and exporting operations," said Mark Ferrer, COO of Vastera. "They are a leader in the high speed network arena, where well managed processes can improve customer service and drive reductions in duties."
About Alcatel
Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With approximately 120,000 employees and sales of EURO 23 billion in 1999, Alcatel operates in more than 130 countries. Additional information is available at www.alcatel.com.
About Vastera
Vastera's global trade management solutions are designed to automate and streamline the trade functions of global e-business. Vastera's global trade management solutions include modular, web-based applications, management consulting and solution services.
The foundation of these solutions is Global eContent, a comprehensive, electronic library of country-specific trade and regulatory data, which is maintained and updated daily. Established in 1992, Vastera has received numerous industry awards in recognition of its successes including, Computerworld Magazine's list of "100 Emerging Companies to Watch in 2000, eCommerce category ", the Deloitte & Touche "Fast 500", and the INC. 500.
Vastera clients include: Dell, Microsoft, Sun, New Zealand Dairy Board, Lucent Technologies, United States Postal Service, CatalogCity.com, RightFreight.com, Herman Miller and Motorola. For more information, please visit www.vastera.com.
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are "forward looking" statements which are subject to the many risks and uncertainties that exist in Vastera's operations and business environment.
These risks and uncertainties may cause actual results to differ materially from the expected results and include, but are not limited to, Vastera's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, the ability to successfully implement Vastera's expansion plans, risks related to the Internet, risks related to legal uncertainty and other risks which are set forth in more detail in Vastera's Registration Statement on Form S-1, as amended, as well as other reports and documents filed from time to time with the Securities and Exchange Commission. |
