VerticalNet Solutions and Viewlocity Join Forces To Complete E-Commerce Solutions For Digital Marketplaces
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SAN FRANCISCO & ATLANTA--(BUSINESS WIRE)--Oct. 3, 2000--
Alliance to Deliver Digital Marketplace Platform That
Includes e-Business Integration
VerticalNet Solutions, an innovator in building open digital
marketplaces, and a division of VerticalNet, Inc. (NASDAQ:VERT), the
Internet's leading network of business-to-business commerce
communities, today announced a strategic alliance with Viewlocity,
Inc., a leading global provider of software and services that
integrate e-business networks and synchronize supply webs.
The alliance is designed to deliver comprehensive B2B e-commerce
solutions with built-in integration to ERP systems for improved
efficiencies and real time connectivity to internal business
processes.
"We're pleased to work alongside Viewlocity to deliver B2B
e-commerce solutions that facilitate integration between trading
partner systems and bring additional value to our customers," said Zev
Laderman, president and CEO of VerticalNet Solutions. "This
relationship enriches our respective solutions and provides industry
alliances, global 2000 enterprises and net market makers with robust
commerce capabilities and improved collaboration across trading
communities."
VerticalNet Solutions provides software solutions that help
customers build and manage open markets for the procurement of direct
goods and that provide integration to traditional contract buying
methods. VerticalNet Solutions' technology platform, VerticalNet
eMarketplace Suite(TM), supports real time matching of multiple buyers
and sellers across all transaction types, including auctions,
catalogs, exchanges, RFPs/RFQs, and structured negotiations.
Viewlocity's TradeSync(TM) product suite provides market makers with a
robust integration solution. Together, the two solutions will offer
companies the ability to better link global logistics processes and
synchronize production assets and inventories, while also allowing
market makers to reach critical mass faster by attracting and
retaining buyers and sellers within the marketplace. Companies can
leverage the combined solution to realize optimal transactions and
enhance the event-based information flow within and across trading
communities.
"The toughest challenge to participating in multiple
e-marketplaces lies in an organization's ability to quickly integrate
with each trading partner across the community. Our customers need a
way to participate in many trading communities and to integrate the
systems of each trading partner within that community," said
Viewlocity's CEO Greg Cronin. "Our customers need a way to collaborate
across their supply web and to integrate the systems of each trading
partner within that community."
About VerticalNet Solutions
VerticalNet Solutions delivers the most comprehensive digital
marketplace solutions available to industry alliances, global 2000
enterprises, Net market makers, VerticalNet Markets, and VerticalNet
Exchanges. VerticalNet Solutions leverages the experience of
VerticalNet Markets and Exchanges as owners and operators of trading
communities to provide a comprehensive solution for accelerating time
to market, building customer loyalty and driving transactions within a
market. VerticalNet Solutions' product suite is an end-to-end solution
that includes community, content and market design tools, multiple
market mechanisms and transaction types, multi-party system
interaction and a broad range of buy- and sell-side services.
Headquartered in San Francisco, California, VerticalNet Solutions can
be reached at www.verticalnetsolutions.com or 415.995.2080.
About VerticalNet, Inc.
VerticalNet, Inc. (www.verticalnet.com) provides end-to-end
e-commerce solutions targeted at distinct business segments through
three Strategic Business Units: VerticalNet Markets includes 57
industry-specific web sites designed as online vertical trading
communities and provides hosted e-commerce and community capabilities
for corporate divisions and mid-size businesses; VerticalNet Exchanges
focuses on direct material open and spot markets; VerticalNet
Solutions builds digital marketplaces for global 2000 customers,
consortia and neutral Net market makers. VerticalNet International
leverages the Company's three strategic business units to create
global Internet B2B marketplaces, offering products and services
internationally and partnering with companies that have strong local
presence and domain expertise.
VerticalNet and NECX are registered trademarks and/or trademarks
of Vert Tech LLC in the United States and/or other countries.
This announcement contains forward-looking statements that involve
risks and uncertainties, as well as statements that are preceded by,
followed by or include the words "believes," "plans," "intends",
"will," "expects," "anticipates," or similar expressions. For such
statements, VerticalNet claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially
from the results predicted, and reported results should not be
considered as an indication of future performance. Factors that could
cause actual results to differ from those contained in the
forward-looking statements include those factors set forth in the
VerticalNet's Annual Report on Form 10-K for the year ended December
31, 1999 and its quarterly report on Form 10-Q for the quarter ended
June 30, 2000, both of which have been filed with the SEC. VerticalNet
undertakes no responsibility to publicly update the forward looking
statements contained in this press release.
About Viewlocity
Viewlocity is a leading global provider of software and services
that integrate e-business networks and synchronize supply webs. Our
agnostic solutions provide application integration, B2B integration
and trading community management, allowing our customers to leverage
their existing technology. Viewlocity's supply web monitoring
solutions, based on XML and other open standards, provide business
process automation over the Internet between customers, suppliers and
trading communities. With more than 3,200 installations worldwide, our
event-based integration broker runs on major operating systems (Unix,
NT, AS/400) and provides a unique non-intrusive method to rapidly
connect business partners' heterogeneous systems, platforms,
applications or communication formats. Viewlocity has 14 offices
worldwide, with its global headquarters in Atlanta, Georgia, European
headquarters in London and its Asia-Pacific headquarters in Singapore.
For more information, call 877.512.8900 or visit the company on the
web at www.viewlocity.com.
All names, trademarks, products and services mentioned are
registered or unregistered trademarks of their respective owners.
CONTACT: Viewlocity
Leanne Smullen, 404/267-6448
lsmullen@viewlocity.com
or
NYPR for Viewlocity
Dorcas Montiel, 212/421-3555
dorcas@nypr.com
or
Cosmo Public Relations, Inc. for VerticalNet Solutions
Michael Azzano, 415/664-8455
michael@cosmo-pr.com |
