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SOURCE: ConnectInc.com
Promedix.com Selects MarketStream 2.0 From ConnectInc.com For Medical Products Marketplace
MOUNTAIN VIEW, Calif., May 19 /PRNewswire/ -- ConnectInc.com (Nasdaq: CNKT - news) today announced that Promedix.com will launch its e-commerce initiative using the company's MarketStream 2.0 Java ''net marketmaker'' platform for internet trading communities. Promedix.com, scheduled to launch later this year, will link multiple buyers and multiple suppliers of medical products in a rich many-to-many virtual marketplace using customizable web storefronts.
''The internet is revolutionizing business practices in the healthcare marketplace, and the vision of Promedix.com is to help facilitate that revolution by bringing multiple buyers and suppliers together in a seamless virtual marketplace,'' said William C. Klintworth, CEO of Promedix.com. ''When searching for an e-commerce platform, our requirements were driven by our many-to-many business model and the need for total flexibility given the changing competitive landscape. MarketStream 2.0 was the clear ''net marketmaker'' platform standout, providing an environment where we can easily adapt and scale to meet new challenges as they emerge,'' Klintworth added.
''Promedix.com is a pioneer in the explosive Internet medical products market with a vision and business model clearly optimized for success,'' said Craig Norris, CEO of ConnectInc.com. ''We designed MarketStream 2.0 from the ground up to accommodate the multi-role environment of today's 'net marketmaker' e-businesses, in which e-sellers and e-buyers totally re-invent the overall market landscape in which they exchange value. We are excited that Promedix.com has selected MarketStream 2.0, running on IBM WebSphere, as the platform for its e-markets initiative, and encouraged that our business focus on the 'dotcom' infomediary segment is being validated by the new wave of specialized 'dotcom' startups,'' Norris added.
About MarketStream 2.0
MarketStream 2.0 is a powerful, flexible ''net marketmaker'' platform that provides the software and e-services foundation for commerce-enabling the next generation of specialty and vertical portals, infomediaries and supply chain communities. MarketStream 2.0 enables a full range of e-selling, e-buying and e-markets management capabilities.
MarketStream includes support for the latest in Internet security and easy application configuration and administration. It also includes integrated cross-supplier catalog search, product-specific attributes, customized pricing, buyer profiling and personalization, fulfillment tracking information, back-end system integration and robust reporting capabilities. Unlike most buy or sell-side applications that focus only on a portion of the business, MarketStream's comprehensive scope of functionality greatly reduces the technical effort required to build a customized application to support vertical markets in both B2B and B2C configurations.
MarketStream runs in a variety of customer-driven environments, including Web servers, application servers, and relational, object-oriented, and search databases, which enables the customer to control the software infrastructure in which they choose to operate. The Java-based MarketStream platform provides a plug and play ability to add additional features and functionality, whether built by ConnectInc.com, customers or other best-of-breed software and e-services vendors, so that the only limitation for growth and scalability is governed by how much hardware customers choose to incorporate. MarketStream is fully configured for double byte and other international language and currency requirements.
About Promedix.com
Promedix.com is an alliance of medical buyers who will bring free-market economics to healthcare. It is building a sophisticated e-commerce site, which will open for business in summer, 1999. Its member buyers will be able to purchase thousands of medical products from multiple suppliers at low, low prices through their own customized web storefront.
Promedix.com is not changing the healthcare marketplace ... the Internet is. Power is passing from sellers to buyers, and the convoluted system of contracts, muti-tiered pricing, and rebates is on the way out.
About ConnectInc.com
ConnectInc.com provides technology and e-services to enable Internet-based electronic commerce and uses its MarketStream application software, its ''URLe2Market.Com'' Practice for ''early stage ''dotcom startups, and extensive supply chain integration experience to implement ''vertical dotcom'' communities for net marketmakers and infomediaries. ConnectInc.com's unique combination of software, technology architecture and Web-time driven implementation capabilities enable companies to build open e-businesses that allow them to compete effectively in the digital economy. ConnectInc.com is a member of the IBM Solution Developer Program. For more information, telephone 800-262-2638 or access the ConnectInc.com World Wide Web site at connectinc.com.
The statements made in this press release that are not historical facts contain forward-looking information that involves risks and uncertainties that may cause results to differ. Such risks include, but are not necessarily limited to, those detailed in the Company's Securities and Exchange Commission filings.
SOURCE: ConnectInc.com
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