Andersen Consulting Announces Support for Commerce One Direct Material Purchasing Capabilities to MarketSite Portal Solution.Business & Technology Editors LONDON--(BUSINESS WIRE)--Feb. 22, 2000 Andersen Consulting See Accenture. and Commerce One Team to Provide Direct Materials Offering for Manufacturing Supply-Chain eCommerce See e-commerce. At the eLink 2000 conference in London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. today, Andersen Consulting, a leading global management and technology consulting organisation, and Commerce One, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 leader in global electronic commerce solutions for business, announced the execution of a preliminary, non-binding memorandum of terms to partner with Commerce One to support Internet-based direct materials procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and collaborative supply chain management services. Andersen Consulting will also become Commerce One's exclusive development partner for Commerce One's MarketSite Direct Material Services solution. The joint relationship means that Commerce One will have access to Andersen Consulting's deep cross-industry expertise in supply chain strategy, implementation and management. In addition, Andersen Consulting becomes the preferred implementation provider of integrated sourcing, collaborative planning, and 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. business transaction management systems for Commerce One's MarketSite Direct Material Services solution. As part of the proposed agreement, it is anticipated that Commerce One will grant Andersen Consulting warrants to receive 100,000 shares of Commerce One common stock. "We are excited to be working with Commerce One to help expand their market offering into the very fabric of customer supply chain operations," said Masud Arjmand, partner, Andersen Consulting. "The combination of Andersen Consulting's deep procurement process experience and Commerce One's revolutionary MarketSite platform will help create a truly seamless collaborative procurement environment in which Commerce One's customers will be able to achieve significant benefits in terms of time and efficiency." Andersen Consulting has long been a proponent One who offers or proposes. A proponent is a person who comes forward with an a item or an idea. A proponent supports an issue or advocates a cause, such as a proponent of a will. PROPONENT, eccl. law. and pioneer of synchronised Adj. 1. synchronised - operating in unison; "the synchronized flapping of a bird's wings" synchronized synchronal, synchronic, synchronous - occurring or existing at the same time or having the same period or phase; "recovery was synchronous with therapy"- supply chains and web-based procurement of direct materials and works with clients to make their procurement visions a reality. "As a thought leader in advanced supply chain practices, Andersen Consulting is an ideal partner for us, because the firm truly understands the strategic value of e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. in today's global economy," said Chuck Donchess, executive vice president and chief strategy officer, Commerce One. "We believe the alliance with Andersen Consulting will significantly strengthen our ability to meet the worldwide demand for our products and services and that Andersen Consulting has the e-commerce skills needed to deliver value-based change." 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). Pricing and Availability MarketSite Direct Material Services and Commerce One Direct Material Portal Connector will be generally available in the second quarter of 2000, with additional services rolling out in phases throughout 2000. About Andersen Consulting Andersen Consulting is an $8.3 billion global management and technology consulting organisation whose mission is to help its clients create their future. The organisation works with clients from a wide range of industries to link their people, processes and technologies to their strategies. Andersen Consulting has approximately 65,000 people in 48 countries. Its home page address is http://www.ac.com. 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 (TM) 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 organisations, 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 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 at http://www.commerceone.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: product demand and market acceptance; general economic conditions; the successful implementation and continuation of the Andersen/Commerce One relationship; 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. |
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