CMRC--Adexa and Com2B Corp. Announce the Availability of Direct Material Collaborative Demand Forecasting ServicesAdexa Completes Its Integration of Collaborative Demand Planning Services at Com2B, a Leading Provider of e-Marketplace Value-Added Services and Direct Material Services in the Greater China Regions
BUSINESS WIRE - December 21, 2000 13:55
LOS ANGELES, Dec 21, 2000 (BUSINESS WIRE) -- Adexa, Inc., a provider of collaborative commerce solutions critical to e-business, today announced that it has successfully completed its integration of Collaborative Demand Forecasting services at Com2B Corp., a joint venture headed by Compaq Taiwan, Commerce One and seven other leading conglomerates in Taiwan.
"The successful integration of our collaborative planning applications into Com2B's e-marketplace proves the adaptability and interoperability of Adexa's iCollaboration suite. Moreover, it demonstrates Adexa's commitment in providing the direct material services to Com2B, which are critically needed by all their stakeholders and subscribers," said Dr. K. Cyrus Hadavi, President and Chief Executive Officer of Adexa, Inc. "I believe the powerful set of collaborative and intelligence capabilities in our iCollaboration suite will set Com2B apart as a true leader in its services to all leading industries in Taiwan and all their trading partners."
After its launch of commercial services on July 10, 2000, Com2B has evolved from a B2B marketplace platform provider to a B2B marketplace service provider by delivering industry-leading solutions and services that leverage technology, expertise and partnership from global and local partners.
"Taiwan enterprises are unanimously demanding solutions for direct materials procurement, especially in the manufacturing industries headquartered in Taiwan, and Com2B is delivering necessary applications and services to support direct material business processes such as forecast, commitment, invoice and shipment to meet customers' business demands," said Dr. Hau Chen Mike Lee. "We are very happy to see the speed and results delivered by Adexa in integrating its collaborative demand forecasting services at the exchange level. We anticipate more direct material services to be made available from this alliance with Adexa."
"Compaq Taiwan has selected Com2B to provide integration services for its Extranet project that will integrate ERP systems of our major accounts to Compaq on-line procurement systems services. As the largest IT product buyer in Taiwan, the support of Com2B to provide Global Procurement & Trading Services to Taiwan OEM suppliers enhance Compaq's leading position in the worldwide IT market," said Rosemary Ho, of Compaq Taiwan and Chairperson Com2B.
Adexa's iCollaboration suite will provide value-added benefits to buyers and suppliers using Com2B. Buyers will receive improved customer service through more accurate order promising information and the intelligent allocation of products. Suppliers will benefit from improved demand visibility and order allocation capabilities, enabling them to streamline their own supply chains and respond more quickly to changing customer demand.
"We have provided and will continue to provide necessary support to Com2B and all its participating partners in the greater China regions to help them better collaborate and to equip them to compete on a global basis," said Hoon Chung, Chief Operating Officer of Adexa, Inc. "I am confident that they all will excel through the use of joint Adexa-Com2B direct material services and emerge as more powerful competitors after entering WTO."
About Com2B Corp.
Com2B is a joint venture founded by Compaq Computer, Commerce One, and several leading industrial conglomerates in Taiwan covering telecommunications, electronics, semiconductor, automobiles, security equipments, cables, retails, machinery, and chemicals etc. Backed by worldwide leading technologies and world-class partnerships, Com2B operates a regional e-marketplace and promotes the growth of industry specific e-marketplaces in Taiwan and the surrounding regions. The robust platform, the proven solutions, comprehensive solutions and services from Com2B allow all trading partners to rapidly conduct business without the barriers of time, space and technology. For more information about Com2B Corp., visit com2b.com
About Adexa
Adexa is a leading provider of collaborative commerce solutions critical to e-Business. Adexa's iCollaboration suite helps enterprises and trading exchange participants make faster, more informed business decisions by automating, synchronizing and optimizing complex, interdependent supply chain operations. Built with next-generation technology, Adexa's iCollaboration suite is an open, scalable and adaptable solution that helps increase customer responsiveness, coordination with trading partners and enhance overall supply chain efficiency.
Headquartered in Los Angeles, Adexa has licensed its iCollaboration suite to leading companies and trading exchanges around the world, including Advanced Micro Devices, Inc., Conexant Systems, Inc., Lucent Technologies, Inc., Framatome Connectors International, Fujitsu Quantum Devices, Ltd., Matsushita Electronics Corporation, Philips Semiconductors B.V., Sanyo Electric Co. Ltd., and Sumitomo Metal Industries, Ltd. Sitix Division. To learn more about Adexa and its solutions, please visit www.adexa.com.
The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding Adexa's expectations, beliefs, hopes, intentions or strategies regarding the future. All forward-looking statements included in this document are based upon information available to Adexa of the date hereof, and Adexa assumes no obligation to update any such forward-looking statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the factors and risks discussed in the Registration Statement Form S-1 filed on August 28, 2000 with the Securities and Exchange Commission.
CONTACT: Adexa, Inc. Erika Montelongo, 310/642-2124 Email: emontelongo@adexa.com or Ruder-Finn Erika Hoeft, 312/329-3913 Email: hoefte@ruderfinn.com
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