Open Market ---- Open Marketplace
Just in case ecommerce wasn't confusing enough before.
( BW)(CA-COMMERCE-ONE-6) Commerce One Delivers MarketSite.net Business-to-Business Marketplace Portal & Announces MarketSite 3.0 Open Marketplace Platform
Business/Technology Editors
WALNUT CREEK, Calif.--(BUSINESS WIRE)--March 29, 1999--
Forming a Global Trading Web With Unprecedented Economies of Scale
As part of the company's strategy to redefine electronic commerce, Commerce One, Inc. today announced Commerce One MarketSite.net, a Business-to-Business Marketplace Portal, and Commerce One MarketSite 3.0, an Open Marketplace Platform.
MarketSite.net, which is operational today, is an open business-to-business marketplace, and is the first marketplace built upon the MarketSite 3.0 platform. MarketSite 3.0 is a comprehensive software platform for creating and deploying open XML-based marketplaces.
"The MarketSite platform brings the future of Internet commerce to fruition with its open, XML-based trading partner networking capability," commented Chuck Donchess, vice president, marketing and business development for Commerce One. "This platform delivers dynamic open Internet based marketplaces that significantly increase operational efficiencies and reduce costs for trading partners participating in online commerce, and MarketSite.net allows all types of trading community members to take advantage of it today."
Announcing Commerce One MarketSite.net
MarketSite.net is a result of over two years of development by Commerce One and is operational and transacting business today between over 20 enterprise buying organizations and their suppliers.
MarketSite.net provides unprecedented economies of scale for all trading partners by centralizing content and transaction management functions, and eliminating the need for customized point-to-point integration and content management. MarketSite.net is built using MarketSite's open marketplace platform that provides a comprehensive solution for deploying open, marketplaces that can interoperate with other marketplaces.
"We chose to form a strategic alliance with Commerce One because of their innovative, forward-thinking vision in business-to-business electronic commerce," said Monica Luechtefeld, vice president of contract marketing for Office Depot. "Our participation in MarketSite.net, from Commerce One, allows us to utilitize leading XML technology, in presenting our products to our joint customers. The direct integration of our website into MarketSite.net has created a powerful channel to support our customers in their efforts to contain costs through technology."
Key capabilities and features of MarketSite.net include:
-- Unprecedented scalability -- the largest and most
comprehensive online community of buyers and suppliers
representing annual buying power of $161 Billion and over
5,100 suppliers.
-- Open buying and selling application support -- accessible by
multiple buying and selling applications making it easily
accessible to the widest range of trading partners on a
global basis.
-- Hosted applications -- supports hosted buying and order
management applications to accommodate needs of any size
buyer and supplier.
-- Automated transaction support -- allows buyers to obtain
immediate, real-time access to suppliers, to receive catalog
updates, check prices and availability, place and track
orders, and determine shipping status.
-- Business Services -- provides access to a wide range of
business services from a variety of providers, including
shipping, tax & payment services, with a single point of
access for all trading partners. Provides new services
that automate more business processes.
-- Unique "publish once" content model -- suppliers can publish
their content once (in whatever form it currently exists),
or integrate their systems once, and reach every
participating buying organization.
An Open Marketplace
MarketSite.net is an open portal that supports multiple buying and selling applications to accelerate participation in the marketplace. MarketSite.net is accessible by Commerce One BuySite, Electronic Procurement Application and to buying organizations using Rightworks' ProcureWorks buying application and SAP's R/2 and R/3 purchasing modules.
Buying organizations that have not installed a buying application can use a browser to access a hosted buying capability offered by MarketSite.net. On the selling side, MarketSite.net is accessible by suppliers using only a browser or through popular selling solutions such as Intershop's merchant applications or Microsoft Commerce Server with the addition of BizTalk, allowing easy integration from supplier websites.
Comprehensive Business Services
MarketSite.net delivers a comprehensive set of business services including Corporate Procurement Card (CPC) and payment services from American Express or payment services through GE Capital Financial, Inc.; tax services through an alliance with TAXWARE; and web-based transportation and shipping information services through Tandata and UPS.
By building these marketplace services directly into the MarketSite.net portal, all members of the trading community can easily benefit from these services without having to install additional software or do point-to-point integration with these third-party service providers. MarketSite.net provides a robust platform to easily integrate new business services over time, allowing all trading partners to access these services through the portal.
Introducing Commerce One MarketSite 3.0, Open Marketplace Platform
Commerce One MarketSite 3.0, Open Marketplace Platform, establishes a powerful new paradigm in the business-to-business e-commerce market. Built upon revolutionary XML technology, MarketSite 3.0 provides a platform for the bi-directional exchange of business documents, globally linking buyers, suppliers and service providers in a robust, interactive transactive environment.
"The ability to connect buyers and sellers, quickly and economically into online marketplaces make this release of Commerce One MarketSite exciting for Idaho Power," said Deb Kumkler, Manager of Procurement for Idaho Power. "With the release of MarketSite 3.0, Commerce One has added important functionality that will further enable us to do indirect procurement online."
Breakthrough XML Technology
The MarketSite 3.0 platform is based on breakthrough XML technology, making it easier for trading partners to conduct electronic commerce without the need for expensive, custom point-to-point integration.
The MarketSite platform is based on a loosely coupled XML business document model -- companies exchange information and services over the Internet, using self-defining XML business documents that both people and computers can easily understand. Documents provide a more intuitive and flexible way to access enterprise applications than programming APIs or EDI messages. Key elements of the technology include:
-- XML Business Documents -- provide fast, easy integration of
trading partners, by emulating how business transactions
occur in the physical world.
-- Schema for Object Oriented XML (SOX) -- rich XML schema
language enabling computers to classify, search, validate,
map and dynamically interpret business documents.
-- Common Business Library (CBL) -- a semantic framework that
enables companies using different standards to seamlessly
conduct commerce.
Distributed MarketPlace Architecture (DMA)
MarketSite 3.0 distributed marketplace architecture provides interoperability between MarketSite enabled marketplaces and other existing trading communities by leveraging its robust XML infrastructure and through the support of multiple industry standards.
By effectively leveraging this architecture with MarketSite deployment partners, MCI WorldCom and BT marketplaces are linked into a virtual global trading web that collectively forms the world's largest B-to-B trading community representing over $161 billion in purchasing power. In addition to deployment partners, MarketSite also provides interoperability between existing Commerce Portals such as Grainger.com offered by W.W. Grainger.
"We are excited to be part of revolutionizing the way business-to-business electronic commerce is conducted," said Don Bielinski, group president of W.W. Grainger. "The interoperability between our commerce portals, Grainger.com and MarketSite.net, will allow us to leverage our comprehensive content, reach new prospects and better service our existing customers."
A Platform to Build New Marketplaces
MarketSite 3.0 provides the ideal platform to create new vertical, horizontal or regional marketplaces. A recent article in The Wall Street Journal (March 9, 1999) quoted Chuck Shih of Gartner Group saying that trading sites are projected to total 100,000 by 2002 with a quarter of them being micro-markets and the rest infomediaries. The same article mentions Forrester Research's recent revision of its B2B forecast for 2003 to $1.3 trillion from $327 billion compared with $43 billion last year.
MarketSite 3.0 was designed to meet the needs of this rapidly expanding market. Commerce One is already working with key market makers to deliver regional marketplaces in Europe and Asia. (See Commerce One/BT press release issues February 24, 1999 and see Commerce One/NTT press release issued today.)
Multiple Protocol Support & Document Translation Service With Guaranteed Delivery
MarketSite provides a single interface to buyers and sellers for exchanging business transactions without the need to configure specific trading relationships or support data protocol interchanges. MarketSite 3.0 provides maximum flexibility through the support of a variety of protocols, including:
-- XML - Base DTDs and XML schema language
-- Open Buying on the Internet (OBI)
-- EDI, EDI/ANSI X12, EDIFACT
-- HTML for hosted applications
-- SMTP, Electronic Mail
-- HTTP and HTTP/s
Additionally, MarketSite provides a document integration service for the translation of documents between different standards. Documents are routed to the appropriate marketplace service or trading partner depending on the trading partner profile and required document type. MarketSite provides guaranteed delivery of all documents and functional acknowledgement of all business document exchange, as well as transaction histories and audit trails.
"MarketSite 3.0 provides the first truly open marketplace platform to support electronic procurement," said Eddie Page, purchasing manager for Eastman Chemical. "By implementing both Commerce One MarketSite and BuySite to streamline our procurement process and improve efficiency, we have been able to better aggregate our spend and drive closer relationships with our suppliers."
Commerce One MarketSite 3.0 will be available in Q399. Contact Commerce One for pricing information.
About Commerce One
Commerce One is the leading provider of electronic commerce solutions that dynamically link buying and supplying organizations into real-time trading communities. The Commerce Chain Solution by Commerce One, comprised of Commerce One BuySite and Commerce One MarketSite, enables companies to significantly reduce operational costs and increase efficiency by automating the entire indirect goods and services supply chain. As a result, enterprise organizations are able to realize a strategic competitive advantage as well as a rapid return on investment.
Commerce One is located in Walnut Creek, Calif. and can be reached by phone at (800) 308-3838 or (925) 941-6000 or via the Internet at commerceone.com.
Commerce One, Commerce Chain, BuySite, MarketSite, MarketSite.net and Marketplace Portal are either trademarks or registered trademarks of Commerce One. Other product and company names mentioned herein might be the trademarks of their respective owners. |
