Alventive, Inc. Teams with iXL Enterprises, Inc. to Deliver Next Generation Design-to-Order Solutions; New Pact to Revolutionize the Supply Chain, Enable New E-Markets.Business Editors and High-Tech Writers SANTA CLARA, Calif.--(BUSINESS WIRE)--April 18, 2000 Alventive, Inc., a leading provider of Online Design Communities, today announced an E-business Alliance with iXL Enterprises, Inc. (Nasdaq: IIXL) that will enable the firms to implement Alventive's Design-to-Order solutions for the electronics and telecommunications industries initially, with other sectors to follow. Through the alliance, Alventive customers gain the multi-disciplinary expertise of iXL, the premiere strategic Internet professional services firm. The alliance partnership will fundamentally change the way that organizations conduct business-to-business (B2B) transactions by revolutionizing the supply chain and facilitating customization early in the design process, thus enabling the creation of new e-markets, delivery channels, and access to wholly new customer types. Industry analyst firm, GartnerGroup expects the volume for non-financial goods and services sold through B2B e-commerce to reach $7.29 trillion worldwide in 2004. "iXL's alliance partnership with Alventive will radically alter e-business as we now perceive it," said Panna Sharma, chief strategy officer at iXL. "Our joint customers, armed with Alventive's advanced Design-to-Order capabilities, will be in a position to attract new customers in new markets with wholly new B2B opportunities. Together, we are poised to deliver to our customers the rewards of the coming customized e-Market revolution." Alventive's Design-to-Order solutions bring manufacturers, their internal departments, their suppliers, partners, channels and customers together in an Online Design Community to impact the product development process. The Community's mission is to reduce the time-to-market by increasing the efficiency within the product lifecycle, resulting in the creation of customizable, market-driven solutions. iXL will provide customers with strategy through implementation through its unique iD5 methodology for leveraging best practices in the design through deployment phases. Under the terms of the agreement, iXL will also develop and customize Alventive's Application Services Suites, which enable all stakeholders, such as engineers, marketing professionals, customers or manufacturers, to participate in the product creation and delivery processes. "We look to iXL to help us further develop our Online Design Community and to enable more manufacturers to deliver on the Internet's promise of one-to-one creation and delivery of goods and services," said David Tiley, president and CEO of Alventive. About iXL Enterprises, Inc. iXL Enterprises, Inc. is the parent company of iXL, Inc., iXL Ventures and the Consumer Financial Network(TM). iXL helps businesses identify how the Internet can be used to their competitive advantage and uses its expertise in creative design and systems engineering to design, develop and deploy advanced Internet applications and solutions. iXL Enterprises, Inc. has more than 20 offices in the United States, Europe and Japan. For more information, visit http://www.ixl.com. About Alventive Alventive, a B2B company, enables manufacturers to realize the benefits of creating and delivering one-to-one products to their customers through an Online Design Community. Utilizing Alventive's Design-to-Order solutions through its Online Design Community, manufacturers extend dynamic participation in the innovation and delivery of products to their suppliers, partners, channels and customers. Alventive is headquartered in Santa Clara, CA., with offices throughout the United States and Canada. For additional information, please contact Alventive at 408/969-8000 or www.alventive.com. Forward Looking Statements Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations and involve material risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in our filings with the Securities and Exchange Commission. |
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