Active Software and Viquity Partner to Provide Next-Generation Internet Commerce Network Solutions for the High-Tech Manufacturing Industry.Business Editors 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. & SUNNYVALE, Calif.--(BUSINESS WIRE)--July 11, 2000 Combined Solution Supports Direct Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. of Production Materials Over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Active Software Inc. (Nasdaq:ASWX), a leading provider of eBusiness infrastructure software products, and Viquity Corp., the emerging leader for outsourced eBusiness infrastructure to automate To turn a set of manual steps into an operation that goes by itself. See automation. production procurement, today announced that they have formed a strategic alliance to deliver next-generation Internet commerce network solutions for the high-tech manufacturing industry. The combined solution is expected to enable purchase orders, demand forecasts, invoices and other actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. documents to be exchanged in real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. between business partners over the Internet, providing a seamless flow of information across the entire supply chain. "Active Software's success stems from its ability to provide the fastest path to end-to-end eBusiness integration for leading enterprise software packages," said Chris M. Grejtak, Viquity chief executive officer. "By working together, we can provide a solution specific to the high-tech manufacturing industry that enables our joint customers to automate direct procurement activities between business partners, improving responsiveness throughout the supply chain." Within the high-tech manufacturing industry, procurement of production materials is a highly complex activity involving business partners at multiple levels or tiers of the supply chain. Although these business relationships are more collaborative, they are subject to rapid change. Viquity and Active Software have partnered to provide a solution that will enable high-tech manufacturers to respond to change instantaneously in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. . Together, the two companies will enable high-tech manufacturers to automatically and seamlessly integrate product, inventory and customer data between Viquity's Dynamic Commerce Network, enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. applications and customer relationship management applications. By accessing data in real-time at any point in the supply chain or procurement cycle, high-tech manufacturers will be able to efficiently manage their procurement activities in order to rapidly meet customer demand. "In today's fast-paced global economy, companies are looking to rapidly improve supply chain automation to reduce costs and increase productivity," said Chet Kapoor, vice president, business development, Active Software. "The combination of Viquity's Dynamic Commerce Network and Active Software's ActiveWorks Integration System will provide high-tech manufacturing customers with end-to-end integration and transactional integrity within their mission-critical product environments. Our combined solution will enable direct procurement over the Internet, by providing a unified view of information that is always up to date, accurate and accessible across the entire supply chain of partners." About the Viquity Dynamic Commerce Network The Viquity Dynamic Commerce Network, which includes an Internet document transport service, Viquity Basis, and an intelligent commerce hub, Viquity Nexus, enables secure, reliable system-to-system exchange of business documents to eliminate the errors and delays associated with manual and point-to-point direct procurement methods. About the ActiveWorks Integration System ActiveWorks provides a fast path to eBusiness integration inside the enterprise. ActiveWorks allows business processes to drive eBusiness integration and enables scalable implementation, from small pilot programs to geographically dispersed dis·perse v. dis·persed, dis·pers·ing, dis·pers·es v.tr. 1. a. To drive off or scatter in different directions: The police dispersed the crowd. b. solutions. ActiveWorks supports the major application, platform and networking standards required by eBusiness solutions and provides an open platform for partners to build products and solutions that expand a customer's eBusiness capabilities. These technical benefits translate into faster time-to-market, enabling new revenue opportunities for today's major corporations. About Active Software Founded in 1995, Active Software is a leading provider of eBusiness infrastructure software products. Active Software's eBusiness platform, the ActiveWorks(TM) Integration System, automates end-to-end business processes within the enterprise. Active Software has approximately 200 customers in industries such as telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , government, technology, utilities, distribution, manufacturing and transportation. Active Software has headquarters in Santa Clara. For more information, visit the company Web site at www.activesoftware.com. About Viquity Viquity is the emerging leader for outsourced eBusiness infrastructure to automate production procurement. The Viquity Dynamic Commerce Network(TM) enables OEMs, contract manufacturers, distributors and suppliers of all sizes to streamline communications with strategic partners and dramatically improve supply chain responsiveness. Founded in 1998 by recognized innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. in building large-scale, complex distributed systems Distributed systems (computers) A distributed system consists of a collection of autonomous computers linked by a computer network and equipped with distributed system software. , Viquity is a privately held, venture-backed company located in Sunnyvale. Viquity can be reached at 408/747-5570, at info@viquity.com or www.viquity.com. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, without limitation, risks associated with the proposed acquisition of Active Software by webMethods Inc., Active Software's limited operating history, potential fluctuations in operating results, the company's substantial dependence on its ActiveWorks software products, the company's need to expand its sales and distribution channels, and the uncertain market acceptance of eBusiness integration software products. These and other risk factors are described in detail in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 1999, Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2000, and in its other filings with the Securities and Exchange Commission. Note to Editors: Viquity and the Viquity Dynamic Commerce Network are trademarks of Viquity Corp. The Active Software logo, Active Software and ActiveWorks, are trademarks or registered trademarks of Active Software Inc. All other product names used herein are trademarks or registered trademarks of their respective owners. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion