AsiaDemand Selects Ariba and Descartes to Build Virtual Trading House, Supporting Trade and Logistics With China.Business Editors WATERLOO, Ontario Coordinates: Waterloo is a city in Ontario, Canada. It is the smallest of the three cities in the Regional Municipality of Waterloo, and is adjacent to the larger city of Kitchener. & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Sept. 25, 2000 Ariba-Descartes Solution Includes Ariba 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 Commerce Platform And Descartes' DeliveryNet Logistics Network Technology The Descartes Systems Group 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 :DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) .), a leading provider of global Internet logistics solutions, and Ariba, Inc. (NASDAQ:ARBA), the leading business-to-business (B2B) eCommerce platform provider, announced today that AsiaDemand Inc., a premiere provider of end-to-end B2B solutions for international trade, has selected Ariba and Descartes to build a Virtual Trading House supporting trade and logistics with China. The Virtual Trading House will provide end-to-end trade, procurement, finance, risk management and logistics services, with a focus on offering services to companies involved in the trade of industrial goods industrial goods npl → bienes mpl de producción and services. "The Ariba-Descartes solution provides us with leading B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. technology that we can use to provide trade and logistics services to our global customers, and leverage the relationships that we have built with organizations throughout China," said Vijay Fozdar, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at AsiaDemand. "We will also have access to the Ariba and Descartes global networks of buyers, suppliers, B2B marketplaces, shippers, carriers and other members of the global logistics community. Connection to these networks has the potential to attract new business for organizations throughout China and help us and our customers better collaborate with trade and logistics organizations between China and the world." "The addition of Ariba and Descartes to AsiaDemand's total solution will surely accelerate the benefits and delivery of e-commerce to Chinese companies Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan):
"AsiaDemand is accelerating the adoption of e-commerce with China by offering a single point of reference for all of the steps necessary to conduct trade with companies in the region, including the movement of goods across borders and around the world," said Aivars Lode, President at Descartes. "Descartes is providing AsiaDemand with the logistics network technology that will enable them to offer truly optimized logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet services to their customers. Ariba and Descartes together are providing end-to-end technology that completes the trade-to-logistics-to-payment cycle." Buyers, suppliers, and B2B marketplaces using AsiaDemand's Virtual Trading House will have access to a variety of logistics and fulfillment services available from Descartes that they can integrate into the transaction process. Planned services include global visibility of order status, exception-based performance monitoring, total landed cost calculation, delivery optimization, and Internet-based transportation management. These services are expected to be available to users on a subscription and/or transaction fee basis. Part of the Ariba Commerce Services Network (Ariba CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ), Ariba Logistics and Fulfillment Services Powered by Descartes streamline and improve the commerce process for B2B eCommerce organizations. The service enables buyers to improve supply chain efficiencies and lower shipping costs; suppliers to increase customer satisfaction and revenues from B2B commerce; marketplaces to differentiate themselves from their competitors and increase their transaction volumes; and carriers and logistics service providers to serve their customers more effectively and increase their access to buyers, suppliers, and marketplaces. About AsiaDemand AsiaDemand, Inc. is a business solutions provider that enables industrial companies to manage their procurement and supply chain processes through a complete suite of Web-based trade tools and services. AsiaDemand's hosted services comprise integrated end-to-end solutions for exchange, auction, e-logistics, trade, e-finance, and risk management. AsiaDemand, Inc. is a Pequot Capital Management portfolio company. AsiaDemand Inc. is a U.S. corporation based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County with offices in Beijing and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . For more information, visit www.AsiaDemand.com or contact us at (909) 860-2960. About Ariba, Inc. Ariba, Inc. is the leading business-to-business (B2B) eCommerce platform provider. Through the Ariba B2B Commerce Platform - an open, end-to-end infrastructure of interoperable software solutions and hosted Web-based commerce services - the company enables efficient online trade, integration and collaboration between B2B marketplaces, buyers, suppliers and commerce service providers. The global reach and best-of-breed functionality of the Ariba B2B Commerce Platform creates Internet-driven economies of scale and process efficiencies for leading companies around the world, including more than 20 of the FORTUNE 100. Ariba can be contacted in the U.S. at +1.650.930.6200 or at www.ariba.com. About Descartes Descartes is a leading provider of end-to-end logistics solutions that facilitate B2B e-commerce. Descartes' e-fulfillment software and exchange solutions enable companies to create high-speed, high-performance fulfillment networks called DeliveryNets. DeliveryNet solutions empower organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services. DeliveryNet solutions leverage Descartes' Internet-based Global Logistics Network, an open, worldwide network of shippers, receivers, carriers, logistics service providers, e-marketplaces, vertical portals, and transportation exchanges. The result is a global e-fulfillment information infrastructure that provides cost savings and revenue opportunities for businesses that need to manage physical product movement. Descartes products are licensed today by more than 850 companies in 35 vertical industries in over 50 countries worldwide. For more information about Descartes, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. This release contains statements that may relate to expected revenue from and transaction volume of Descartes customers, performance of Descartes' DeliveryNet solutions, market dynamics and other matters that may constitute forward-looking statements that involve risks and uncertainties. The Company's actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and other securities commissions across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . |
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