AMR Research Cites ecFood as Leading Trading Exchange; Survey Identifies Successful Companies Serving Vertical Markets.Business & Food Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.-- (BUSINESS WIRE)--June 14, 2001 ecFood, a pioneer in web-based sourcing solutions for the food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. industry, was cited by AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research as one of the top exchanges serving a vertical market in a survey released last month. This is the second consecutive year that the Boston-based analyst has recognized ecFood as a top exchange. Authored by Joan Harbin, AMR Research Director, the survey focused on trading exchanges from a list of more than 1,400 recipients. "Exchanges that are supporting the real work that must be done are building a constituency. ecFood, a trading exchange targeting processors, ingredients suppliers, and manufacturers of Food and Beverage, has seen its average deal size grow to more than $550,00 and will double revenue in 1Q01 over 4Q00. In an industry where accurate specification is critical, the exchange supports recipe matching, food safety and quality restrictions, and preparation for use of specialized manufacturing equipment." Source: Joan Harbin, The 2001 AMR Research Survey: Top Trading Exchange Services for Industry Verticals, May 2001. "ecFood is focusing its efforts on the core business of providing top quality e-procurement and sourcing services to the food and beverage industry," said Dave Laukat, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ecFood. "We are a proven entity that consistently provides cost savings and additional purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. to mid-sized manufacturers as well as large purchasers." The transaction size and volume of customers using ecFood's online services continues to increase, as does the complexity and sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of each buy. Many of these customers are specifically attracted to ecFood's innovative demand aggregation (purchasing groups) and sourcing solutions. Items being purchased online using ecFood's demand aggregation solution include direct materials, such as eggs, sugar and corn syrup corn syrup Sweet syrup produced by breaking down (hydrolyzing) cornstarch (a product of corn). Corn syrup contains dextrins, maltose, and dextrose and is used in baked goods, jelly and jam, and candy. , and indirect materials, such as diesel fuel, stretch and shrink-wrap. ecFood's services and online tools are designed specifically to meet the purchasing needs of the food and beverage industry. The company's most recent release ecSpec, simplifies the complex task of specification management. At the core of ecSpec are several sophisticated data management features including specification templates, standardized industry terminology, keyword-based or parametric searches, multi-users capabilities and advanced security. About ecFood ecFood is a pioneer in bringing web-enabled sourcing software tools and services to the industrial food sector. Founded in 1998 and headquartered in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , ecFood combines substantial food and beverage industry knowledge with advanced e-commerce technology. We provide online methods that reflect real world purchasing practices. ecSourcing, our suite of sourcing and bidding solutions, takes the "best practices" of the industrial purchasing system and blends them with the inherent efficiencies and savings of the new economy. ecFood is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. which has received funding from Redleaf Group (www.redleaf.com) and Swander Pace Capital (www.spcap.com). For more information, visit www.ecFood.com or call 408/566-6130. |
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