Archive and SquareTrade Announce Partnership to Provide Enhanced B2B Marketplace Services.Business Editors/High-Tech Writers CULVER CITY Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. , Calif. & SAN FRANCISCO--Nov. 13, 2000-- Archive's "Digital Paper Trail" to Back SquareTrade's Online Dispute Resolution Service Archive, a new application service provider empowering customers to aggregate and replay 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 transactions, today announced a partnership with SquareTrade, the leading innovator in the development of a trust infrastructure for e-commerce transactions, to jointly market products and develop initiatives to provide greater security, reliability and growth for business-to-business e-commerce. The partnership will increase the efficiency of business-to-business e-commerce by providing Archive and SquareTrade's customers with infrastructure tools to foster business growth. When doing business in marketplaces utilizing such tools, trading partners can be assured that contextualized documentation of their transactions are available should a dispute arise or an audit be required. In addition, Archive affords its customers a means for comprehensive analysis of their e-Business activity. "Archive believes this relationship with SquareTrade further validates the need for a digital paper trail in the online world just as in the offline world," said Jim Mc Dermott, co-founder and chief executive officer of Archive. "Information management for online transactions will be an essential element for timely, successful utilization of SquareTrade's online dispute resolution Online dispute resolution (ODR) is a branch of dispute resolution which uses technology to facilitate the resolution of disputes between parties. It primarily involves negotiation, mediation or arbitration, or a combination of all three. service as it expands into business-to-business marketplaces." Current B2B commerce platforms and existing systems are not equipped to preserve the terabytes of data produced in online transactions. Archive combines a scaleable 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. engine with a highly available, distributed network to securely index and contextualize con·tex·tu·al·ize tr.v. con·tex·tu·al·ized, con·tex·tu·al·iz·ing, con·tex·tu·al·iz·es To place (a word or idea, for example) in a particular context. transaction information. This, coupled with SquareTrade's dispute resolution service and technology, will make the Web a safer place to do business by providing online users with online tools similar to those that they have previously relied upon to conduct business offline. "SquareTrade is excited to partner with Archive to bring added functionality and stability to B2B marketplaces," said SquareTrade Chief Executive Officer Steve Abernethy. "We are committed to bringing trust to the Web through the SquareTrade Seal, and by entering into strategic relationships with partners like Archive that will enhance businesses' ability and willingness to enter into increasingly complicated and lucrative online transactions." About SquareTrade SquareTrade is the leading innovator in the development of a trust infrastructure for e-commerce transactions. SquareTrade addresses the all-important issue of building trust in e-business relationships, one of the essential enabling factors necessary to fully realize the power of the Internet and online commerce. The digitally watermarked SquareTrade Seal establishes an online seller's customer service track record, helps build buyer confidence and serves as the first line of defense against fraud. It is backed by SquareTrade's patent-pending, web-based dispute resolution service and SquareTrade's international network of more than 250 mediators and arbitrators. Founded in 1999, SquareTrade is based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif. For more information, employment opportunities or to contact a SquareTrade representative, visit www.squaretrade.com. About Archive Archive provides information management services to empower its customers with real-time aggregation and step-by-step replay of their B2B transactions for in-depth analysis of e-business activity. Established in December 1999 by the four founders of Stamps.com, Archive's investors and partners include Mayfield Fund; Oracle (Nasdaq:ORCL ORCL Oracle (stock symbol) ); EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. (NYSE NYSE See: New York Stock Exchange :EMC); Silicon Valley Bancshares, the holding company of Silicon Valley Bank (Nasdaq:SIVB SIVB Society for In-Vitro Biology ); InnoCal Venture Capital; and Rare Ventures, the venture capital arm of Rare Medium Group Inc. (Nasdaq:RRRR RRRR Raritan River Rail Road RRRR Rare Medium Corp. (NASDAQ stock symbol) ). Archive is privately held and located in Culver City, Calif. For more information on Archive, visit the company's Web site at www.archive.com. |
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