Aquilent and Commerce One Ink Government Partnership; Leaders in public and private procurement and sourcing solutions sign strategic government partnership.Business Editors/Hi-Tech Writers LAUREL Laurel, cities, United States Laurel. 1 Town (1990 pop. 19,438), Prince Georges co., central Md., about halfway between Washington, D.C., and Baltimore; patented in the late 1600s, inc. 1870. , Md.--(BUSINESS WIRE)--March 19, 2002 Aquilent, a leading developer of Web-based public sector solutions including portals, e-procurement solutions, and scientific applications, today announced a strategic partnership with former parent Commerce One, the Business Internet Company, to respond to growing government requirements for Web-based electronic procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and sourcing solutions. Aquilent, formerly Commerce One e-Government Solutions, was created as a result of a management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. , which took place February 28, 2002. Commerce One and Aquilent together will continue to support existing government customers and partners using applications from the Commerce One(TM) 5.0 suite. Going forward, Aquilent and Commerce One plan to work together in tailoring e-procurement and sourcing solutions to the public sector, as well as joint sales and marketing activities. Under the terms of the agreement, Commerce One and Aquilent will cooperate on a number of development efforts for the public sector that were formerly carried out by Commerce One e-Government Solutions. Additionally, Commerce One will continue to provide Aquilent with ongoing training, demonstration software, and development tools to enhance Aquilent's ability to deliver Commerce One-based solutions to the public sector. Aquilent will carry Commerce One products exclusively on its GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. Schedule. "The Aquilent and Commerce One teams have a long history of success and service to the government," says Max Peterson, vice president public sector, Commerce One. "By combining the power of technology with a passion for process overhaul, we have worked together to create ground breaking solutions - such as the Naval Sea Systems Command The Naval Sea Systems Command (NAVSEA) is the largest of the U.S. Navy's five "systems commands," or materiel organizations. NAVSEA consists of four shipyards, eight "warfare centers" (two undersea and six surface), four major shipbuilding locations and the NAVSEA headquarters, SeaPort, which has changed the way NAVSEA NAVSEA Naval Sea Systems Command NAVSEA Naval Avionics Support Equipment Appraisal procures professional support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . We look forward to continuing to work together to help the government operate more efficiently and effectively in the acquisition process." "Together, Aquilent and Commerce One are uniquely positioned to respond to evolving market requirements, such as the competition requirement for the procurement of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. under Title VIII of the DoD Authorization Act," states Paul Brubaker, chief executive officer, Aquilent. "Under this legislation, contracting officers A US military officer or civilian employee who has a valid appointment as a contracting officer under the provisions of the Federal Acquisition Regulation. The individual has the authority to enter into and administer contracts and determinations as well as findings about such contracts. are required to compete task orders greater than $100,000 among all eligible contractors. Further, the legislation requires DoD contracting officers to evaluate every offer received. Commerce One and Aquilent ease the administrative burdens associated with compliance by fully automating the requisition A written demand; a formal request or requirement. The formal demand by one government upon another, or by the governor of one state upon the governor of another state, of the surrender of a fugitive from justice. The taking or seizure of property by government. , task order issuance, evaluation, and award process." About Aquilent Formerly Commerce One e-Government Solutions, Aquilent is a new company with a 22-year legacy of innovation in the Federal marketplace. Aquilent is dedicated to integrating channels, trading partners, and customers, enabling government agencies to deliver new levels of service value. Aquilent solutions include user-friendly portals, web-based solutions, efficient e-procurement solutions, and scientific applications. These tools empower the public sector to eliminate information "stovepipes" and break down the barriers between departments, enhancing collaboration and enabling agencies to focus on core services The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. . For more information, visit www.aquilent.com. About Commerce One 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) ) is the Business Internet Company. Through its software, services, and global network of interconnected enterprises and e-marketplaces, Commerce One enables organizations to reduce costs and drive productivity by automating business processes between buyers and suppliers. Visit www.commerceone.com for more information. Forwardlooking Statement (Commerce One) This press release includes 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. within the meaning of the securities laws. These forward-looking statements discuss the impact of Commerce One software on the government procurement Government procurement, also called public tendering, is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 15% of GDP in developed countries, and up to 20% in developing countries, government procurement accounts process, and the future potential for that software to automate the requisition process and generally ease the administrative burden of contract compliance in government contracting. The release also describes plans for future collaboration between Aquilent and Commerce One. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Commerce One and/or its software are intended to identify any forward-looking statements. These statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These factors include, but are not limited to the potential that Commerce One's software may not meet user expectations, various external factors, including economic conditions and the rules that apply to government contracting, that may impact the results obtained by particular customers, and the possibility of changes in the relationship between Commerce One and Aquilent that could cause them not to work together in the future as planned, or work together as effectively as planned. The information provided in this press release is current as of the date of its publication. Commerce One expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any changes in expectations, or any change in events or circumstances on which those statements are based, unless otherwise required by law. 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, 2001. (c)2002 Commerce One Operations, Inc. All rights reserved. |
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