Adexa Forms Strategic Alliance with Commerce One.Business Editors LONDON--(BUSINESS WIRE)--Feb. 22, 2000 iCollaboration to Add Critical Business-to-Business Collaboration Functionality to MarketSite's Direct Material Capability, Improving Speed, Responsiveness and Service Levels Adexa, Inc., the leading provider of business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) collaborative solutions critical to e-business (formerly Paragon Management Systems), and Commerce One (Nasdaq: CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ), the leading provider of global e-commerce solutions, have entered into a strategic relationship to integrate Adexa's collaborative planning solution, iCollaboration, with Commerce One MarketSite(tm) Portal Solution addressing the B2B direct material market. It is believed that iCollaboration will enable MarketSite to better link buyers and suppliers as well as synchronize See synchronization. order procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. activities through the use of dynamic business-to-business collaboration tools A collaboration tool is something that helps people collaborate. The term is often used to mean collaborative software, but collaboration tools were being used before computers existed, a piece of paper can for example can be used as collaboration tool. . iCollaboration will provide MarketSite customers - Fortune 500 to 2000 buyers - with improved customer service levels through accurate order promising, intelligent allocation and collaboration capabilities. The solution will also provide MarketSite's suppliers with value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. such as demand visibility and order allocation capabilities, allowing them to more rapidly respond to changing demand. "iCollaboration provides trading exchanges, such as Commerce One's MarketSite, with the critical element required for the next wave of e-Business - business-to-business collaboration between customers and trading partners," said Dr. K. Cyrus Hadavi, president and chief executive officer of Adexa, Inc. "By integrating iCollaboration with MarketSite, we'll help improve the level of customer service MarketSite can provide to its corporate buyers while increasing the speed and responsiveness of its suppliers." iCollaboration delivers a competitive advantage by helping companies as well as trading exchanges collaborate more effectively with their extended supply chain - improving the level of value-added services they provide to their buyers and suppliers. iCollaboration improves operations of the extended supply chain through business-to-business collaboration and process automation. "We believe that Adexa's iCollaboration capabilities are synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. with MarketSite architecture and needs," said Mark Hoffman, 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 Commerce One. "iCollaboration will enhance our ability to deliver customer service to MarketSite buyers while improving the speed and responsiveness of suppliers by helping to communicate and collaborate more effectively." MarketSite Direct Material Services Commerce One MarketSite Direct Material Services are designed to enable integrated sourcing, collaborative planning, real-time business transaction management and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for manufacturers and their suppliers. By leveraging the Commerce One Marketsite portal infrastructure as a platform for these services, trading partners can rapidly gain the benefits of a true collaborative environment. To speed adoption of MarketSite Direct Material Services, the company will offer the Commerce One Direct Material Portal Connector, an intelligent platform that provides portal connectivity between enterprise supply-chain systems and MarketSite portals within the Commerce One Global Trading Web(tm). About Commerce One Commerce One is the leader in global e-commerce solutions for business. Through its products, portals and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere in the world. The Commerce One Global Trading Web is the world's largest business-to-business trading community. Comprised of many interoperating portals, The Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers and service providers worldwide. Commerce One is located in Walnut Creek Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif., and can be reached by phone at (800) 308-3838 or (925) 941-6000 or via the Internet at http://www.commerceone.com/. About Adexa Headquartered in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and with sales and support offices worldwide, Adexa (formerly Paragon Management Systems) develops and markets collaborative planning solutions critical to e-business. Adexa's solutions enable customers, trading partners, portals and application service providers to collaborate intelligently and deliver value-added services to customers and suppliers more quickly and profitably. Adexa's software and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. enhance the value of complementary enterprise applications and reflect the company's unmatched understanding of - and experience in solving - the unique business needs of the Semiconductor, Electronics, Textile, Apparel and Automotive industries Automotive Industries, Ltd. (Hebrew: תעשיות רכב נצרת עלית, תע"ר . To learn more about Adexa and its solutions, please visit www.adexa.com. Forward Looking Statements Certain statements made in this press release by Commerce One are not historical facts but are "forward looking statements" and may involve risks and uncertainties which could cause actual future results to differ materially and adversely from those anticipated by such statements. Included among the factors that could affect Commerce One's performance are: general economic conditions; fluctuations in operating results; its ability to effectively manage future growth, to retain and efficiently integrate its executive management team, and to identify, hire, train and retain, in a highly competitive market, individuals highly skilled in the Internet and its rapidly changing technology; significant revenue concentration in a limited number of clients etc. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 1999. Commerce One, Many Markets. One Source., Global Trading Web, BuySite, MarketSite, Global Trading Platform, Common Business Library, XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Development Kit, XML Commerce Connector, MarketView, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. All other company, product, and brand names are trademarks of their respective owners. Adexa is a trademark of Adexa, Inc. |
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