Adexa Partners With Com2B Corp. to Provide Business-to-Business Collaboration and Exchange Intelligence Services.Business Editors LOS ANGELES--(BUSINESS WIRE)--June 27, 2000 iCollaboration To Provide Multi-Industry Taiwanese Joint Venture Exchange, Headed by Compaq Taiwan, with Comprehensive Direct Material Planning, and 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 Collaboration Capabilities Adexa(TM), Inc. (formerly Paragon Management Systems), a leading provider of collaborative planning solutions critical to e-business, today announced that it has been selected by Com2B Corp., a leading provider of global e-commerce solutions headed by Compaq Computer Taiwan Limited, to provide business-to-business collaboration and direct material exchange intelligence services. Adexa will integrate its collaborative planning solution, iCollaboration, with Com2B Corp. Com2B Corp., established in April, 2000, is the leader in B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. in the Greater China Region and is a joint venture between Compaq Computer Taiwan Limited, CommerceOne and nine leading Taiwanese vertical industry groups including Far Eastern Group, Lite-On Group, NetPacific, Sesoda, Shin-Kong Securities, Systex Group, Wal-Sin Lih-Hwa Group, Yulon Group, and WI Harper Group. Com2B is connected to the portals of the world's 23 largest trading Webs, to support procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. of MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. & direct materials among vertical industry and cross-industry buyers and suppliers in Taiwan and around the globe. By providing direct material business-to-business collaboration and exchange intelligence functionality, Adexa will enable Com2B to provide its stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. and subscribers with comprehensive direct material planning, and B2B collaboration capability. Adexa's iCollaboration solution will be used by Com2B to more efficiently link buyers and suppliers through its exchange as well as synchronize See synchronization. order procurement 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. iCollaboration also will provide value-added benefits to buyers and suppliers using Com2B. Buyers will receive improved customer service through accurate order promising information and the intelligent allocation of products. Suppliers will benefit from improved demand visibility and order allocation capabilities, enabling them to streamline their own supply chains and respond more quickly to changing customer demand. "iCollaboration provides Com2B, as well as the participating industry specific portals and member companies, with a unique set of collaboration and intelligence capabilities that are critical to the next wave of e-business," said Dr. K. Cyrus Hadavi, president and chief executive officer of Adexa, Inc. "Adexa's unique business-to-business collaboration architecture is designed to meet the complex needs of such exchanges and supports Compaq's vision of `Everything to the Internet' and its Global Value Chain blueprint blueprint, white-on-blue photographic print, commonly of a working drawing used during building or manufacturing. The plan is first drawn to scale on a special paper or tracing cloth through which light can penetrate. of solutions and services." "Com2B provides a most advanced and open B2B trading exchange that enables easy portal entry and vertical industry commerce services. We are also working actively with leading solution providers to enhance our advantages provide total integration of information-flow, goods-flow, and cash-flow and to make this a seamlessly integrated e-marketplace of both direct and indirect materials. Com2B and Adexa will work closely in the areas of supply-chain planning and collaboration capability making it a true full service portal," said Mike Lee, and Chief Operation Officer, Com2B Corp. "Com2B is helping Taiwan businesses enter the global e-business market and improve their supply chains" said Rosemary rosemary [ultimately from Lat.,=dew of the sea], widely cultivated evergreen and shrubby perennial (Rosmarinus officinalis) of the family Labiatae (mint family), fairly hardy and native to the Mediterranean region. It has small light-blue flowers. Ho, Chairman of Com2B Corp and Vice Chairman of Compaq Computer Taiwan Ltd. "To better serve our partners and the key industries they represent, it is critical for us to select a technology partner whose solutions could deliver value-added exchange services, such as B2B collaboration and intelligence. Adexa's iCollaboration suite will allow us to seamlessly integrate the direct material planning and collaboration activities of Com2B." The Com2B exchange is based on Commerce One's MarketSite and BuySite solutions and will become the Taiwanese hub of the Commerce One Global Trading Web(TM), the largest business-to-business trading community in the world. The Com2B exchange will be comprised of several key vertical market portals, including automotive, chemicals, computers and high tech components, machinery, petrochem, retail, real estate, securities, semiconductor and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. . In combination, the trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. of these industries will represent approximately 10 percent of Taiwan's gross domestic product. "By seamlessly integrating iCollaboration with the business model and infrastructure of Com2B we will help all the subscribers gain greater benefits from the Com2B trade exchange," said Hoon hoon Austral & NZ slang Noun a loutish youth who drives irresponsibly Verb to drive irresponsibly Chung, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Adexa, Inc. "As we enter our fourth year of helping Taiwanese companies improve their supply chains and ready themselves for e-business, we are uniquely positioned to support the requirements of Com2B and all its key stake holders. We are excited about the opportunity to work with the visionary partners in Com2B to make this partnership a landmark success for all, in Taiwan and beyond." About Com2B Corp. Com2B Corp. established in April 2000, is the leader in B2B e-commerce in the Greater China Region. The non-stop e-commerce business model of Com2B covers nine vertical industries (telecommunications, automobile, computer parts, semiconductors, retail, cable, machinery, securities, and chemicals). It offers MRO and direct material transaction platforms and services, as well as complete information, cash and goods flow solutions to provide the world's most mature, open, one-stop and real-time marketplace. It is connected to the portals of the world's 23 largest trading Webs, bringing Taiwan industries to the global market for opportunities. Shareholders of Com2B Corp. include global information leader Compaq, Commerce One and other Taiwan industry leaders such as Far Eastone Group, Lite-On Group, NetPacific, Sesoda, Shin-Kong Securities, Systex Group, Wal-Sin Lih-Hwa Group, & Yulon Group. For more information about Com2B Corp., visit http://www.com2b.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. with sales and support offices worldwide, Adexa, Inc. (formerly Paragon Management Systems) is a leading provider of collaborative commerce solutions critical to e-business. Adexa's collaborative planning solution, iCollaboration, enables companies and trading exchanges to intelligently collaborate with trading partners via the Internet, improving profitability and customer responsiveness. 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 enterprise applications and reflect the company's unmatched understanding of, and experience in solving, the unique business needs of its customers. iCollaboration is used by leading companies around the world, including General Motors, Hitachi, UMC UMC United Methodist Church UMC United Microelectronics Corporation UMC University Medical Center UMC United Microelectronics Corp (Republic of China) UMC University of Missouri-Columbia Group, Milliken and Company, Xerox, Rowe Furniture Rowe Furniture is a furniture designer and manufacturer, founded in 1946 as Rowe-Jordan Furniture Company. External links
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