Arthur Anderson joins The EC Company's strategic partners consortium.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Sept. 9, 1996--Adding to its significant roster of market partners, The EC Company announced today that Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing has made an equity investment in the company's current round of mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the and will join The EC Company's consortium of strategic partners. Later this year, The EC Company will provide customers with a secure, easy-to-use and cost-effective solution for electronically moving money and data between businesses. Recognizing that such a solution could not be achieved by a single company or technology alone, The EC Company formed a consortium of strategic partners which includes Dun & Bradstreet Information Services See Information Systems. , The Huntington National Bank and Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings Publishing. Sharing The EC Company's vision of bringing the benefits of electronic commerce to small and mid-size businesses, Arthur Andersen has joined this consortium as a strategic technology and marketing partner. "As we, along with the cooperative alliance of banks and application software vendors supporting our initiative, solve the inherent challenges around business-to-business electronic commerce, we continue to seek partners committed to technology and business process improvement," said Andrew T. Duncan, President of The EC Company. "Arthur Andersen's demonstrated expertise and preeminent knowledge in this area makes them an excellent strategic partner. We are pleased with their confidence in our business and our solution." "In forming a strategic alliance with The EC Company, we are furthering our vision to help clients achieve measurable performance improvements and positive, lasting change. The EC Company's business model brings the necessary components together to significantly effect wide-scale adoption of business-to-business electronic commerce," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Tom Kelly People named Tom Kelly include:
A pioneer in the development of a "plug and play" electronic commerce software solution able to link with most existing accounting software products, The EC Company has developed an innovative data mapping technology that facilitates the cost effective electronic exchange of business documents and funds over a secure network. Through cooperative initiatives with its pioneering strategic partners, the banking industry and application software vendors, The EC Company is uniquely positioned to deliver to market a product that provides significant enhancements to available options for business-to-business electronic commerce. -0- Based in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. , The EC Company is a provider of easy-to-use, cost effective solutions for business-to-business electronic commerce. Founded in 1992, the Company seeks to become the long term provider of electronic commerce solutions to corporate America. The EC Company is located at 1705 El Camino Real El Camino Real (Spanish for The Royal Road or The King's Highway) was the name of a series of pre-automobile highways linking the various New World colonies of Spain:
Arthur Andersen provides creative solutions for its clients through audit, tax, business advisory and specialty consulting services. Its professionals combine extensive technical competence technical competence, n the ability of the practitioner, during the treatment phase of dental care and with respect to those procedures combining psychomotor and cognitive skills, consistently to provide services at a professionally acceptable level. and industry experience with innovative ideas to help their clients succeed. Arthur Andersen is a part of Andersen Worldwide, the world's largest professional services provider. With more than 89,000 personnel in more than 76 countries, its global practice is conducted by member firms in 361 locations. CONTACT: Andrew Duncan Robert Forbes The EC Company 415/323-7500 or Tony Greene Susana Hinds Sterling Hager 617/259-1400 |
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