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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (277)	9/11/2000 9:34:23 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

CSCO--Independence Medical Joins Veranto Marketplace Veranto Enters Durable Medical Equipment Market, Expands Geographical Reach To Canada and Mexico SOUTH SAN FRANCISCO, Calif., Sept. 11 /PRNewswire/ -- Veranto Inc., the leading medical industry marketplace, today announced that medical wholesale distributor Independence Medical, one of the largest business-to-business medical supply distributors in the nation, has signed a contract to join the Veranto Marketplace. With this new partnership, the Veranto Marketplace will be poised to gain a significant foothold in the durable medical equipment market. Independence is also one of the largest suppliers of ostomy products in the US, and will bring thousands of new buyers to the Veranto Marketplace. Veranto now reaches healthcare providers in all 50 states, Canada and Mexico. The Veranto Marketplace harnesses the power of the Internet to manage and track customers and business processes from a single web-based interface. Veranto streamlines all these processes, dramatically increasing workforce productivity. By providing solutions for processes such as sourcing, procurement, and contract and rebate management, Veranto eliminates the inefficiencies and errors inherent in telephone, fax and paper-based systems. Veranto will provide medical wholesale distributor Independence Medical with the ability to integrate its business processes and streamline commerce through a web-based solution that includes a host of corporate and industry specific services. ``As our customers' comfort level with the Internet continues to grow, it is increasingly important that we cater to the way they want to do business,'' stated Jerome Rieke, Director of e-Commerce for Independence Medical. ``Using the Marketplace, we will be able to provide advanced catalog, invoicing, and reporting services that our customers value most -- via an online tool that is easy to use and closely integrated with our business systems. The end result is a solution that greatly expands the value proposition of Independence Medical to its customers.'' ``We are excited to have Independence Medical join the Veranto marketplace'', said Nimrod Goor, Veranto's Vice Chairman and Interim CEO. ``We are very pleased and proud to see the extent to which suppliers and their customers are adopting the Veranto solution. Users of the marketplace are now placing more than 94% of their orders online -- delivering real efficiencies and improving the quality of service to all participants. We are committed to providing these same benefits to Independence Medical.'' About Independence Medical Supply Company Independence Medical is one of the nation's largest and most respected business-to-business medical supply distributors. Stocking tens of thousands of items in each of its three distribution centers (Cleveland, Dallas, and Los Angeles), Independence Medical delivers ostomy, wound care, incontinence, diabetic and other medical products to businesses around the country. Family owned and operated, the company is known for its extensive industry experience, pricing, and after-sale support. For additional information, please refer to http:///www.indemed.com . About Veranto Veranto, Inc., is the leading industry marketplace dedicated to the medical industry. Open to all segments of the industry, Veranto links manufacturers, distributors, providers and group purchasing organizations and integrates their business processes to streamline commerce. Veranto's core technology is written from the ground up and based on leading edge technology. By integrating the BEA WebLogic (NASDAQ: BEAS - news) application server, an Oracle (NASDAQ: ORCL - news) 8i database, Cisco Systems (NASDAQ: CSCO - news) networking technology, Sun (NASDAQ: SUNW - news) Solaris operating on Sun hardware and Microsoft NT servers, Veranto's technology delivers unparalleled robustness and functionality. A privately held company founded in 1999 and located in South San Francisco, the Veranto team brings together experienced professionals from the technology and medical industries. Veranto enjoys broad industry support from 120 distributors, representing well over 50,000 providers and more than 700 manufacturers.