Aventis Selects FreeMarkets ES.Business Editors/Health/Medical Writers/High-Tech Writers PITTSBURGH--(BUSINESS WIRE)--April 15, 2003 Leading Pharmaceutical Company Expands Portfolio of FreeMarkets Solutions to Include Comprehensive Software Offering, Will Leverage to Lower Total Costs and Reduce Supply Risk Across Global Operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. FreeMarkets, Inc. (Nasdaq:FMKT FMKT Freemarkets, Inc. (stock abbreviation, AMEX) ), the leading provider of global supply management (GSM (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. ) solutions, today announced that Aventis Aventis Is a pharmaceutical and lab assay testing company. It was formed in 1999 when Rhône-Poulenc S.A. merged with Hoechst AG. The merged company was based in Strasbourg, France. Sanofi-Aventis was formed in 2004 when Sanofi-Synthélabo purchased Aventis. (NYSE NYSE See: New York Stock Exchange :AVE), a global pharmaceutical company dedicated to treating and preventing disease by discovering and developing innovative prescription drugs prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, and human vaccines, has expanded its portfolio of GSM solutions to include FreeMarkets(R) ES(TM). Under the terms of a newly-signed agreement, Aventis will use FreeMarkets ES to lower total costs and reduce supply risk across its global operations. "In evaluating solutions that could help advance our supply management initiatives, we looked for a provider who not only offered robust technology, but knowledge and services to support our use of this technology and reduce our risk of implementing it," said Kai kai Noun NZ informal food [Maori] kai noun N.Z. (informal) food, grub (slang) provisions, fare, board, commons, eats (slang Nowosel, Senior Director Purchasing Process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements & Systems, Aventis. "FreeMarkets was able to deliver on all aspects, and we believe that in deploying FreeMarkets ES, Aventis will potentially improve the effectiveness and global reach of our purchasing management organization and lower our total costs by automating the manner in which we manage requirements, supplier relationships, and sourcing decisions." A comprehensive and flexible offering, FreeMarkets ES provides the infrastructure companies need to achieve global supply management excellence. FreeMarkets ES is highly configurable and scalable, and features powerful functionality offered in an integrated manner as part of an open system. Among the key features of the ES solution: -- Knowledge management -- Messaging -- Reporting -- Project management -- Workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. -- Process configuration -- Access and permission controls -- Integration -- Data transfer In addition to FreeMarkets ES, Aventis will continue to leverage FreeMarkets(R) FullSource(TM), under the terms of a multi-year agreement that began in 2001. "Aventis is recognized globally not only as a pharmaceutical leader, but as a highly innovative company that applies technology across its operations to create and sustain value," said Shane Tulloch, Senior Vice President and Managing Director of FreeMarkets Europe. "We are very pleased that they have chosen to expand their portfolio of global supply management solutions to include FreeMarkets ES, and we look forward to providing them with technology they can leverage to drive savings and efficiencies across their operations and achieve their most strategic business objectives." About Aventis Aventis is dedicated to treating and preventing disease by discovering and developing innovative prescription drugs and human vaccines. In 2002, Aventis generated sales of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 17.6 billion, invested EUR 3.1 billion in research and development and employed approximately 71,000 people in its core business. Aventis corporate headquarters are in Strasbourg, France. For more information, please visit: www.aventis.com About FreeMarkets FreeMarkets is the leader in providing companies with software, services, and information for Global Supply Management (GSM). FreeMarkets' GSM solutions help companies to lower costs, reduce risks, and increase profitability by improving their supply management processes and expanding the reach and capabilities of their supply management organizations. FreeMarkets can be found on the Web at www.freemarkets.com. 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. Statements in this press release that are not historical facts, including those statements that refer to FreeMarkets' plans, prospects, expectations, financial projections, strategies, intentions, and beliefs, are forward-looking statements. These forward-looking statements are based on information available to FreeMarkets today, and FreeMarkets assumes no obligation to update these statements as circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or change. There are risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, without limitation, market acceptance of FreeMarkets' products and services, the competitive nature of the market for GSM products and services, FreeMarkets' ability to predict its revenues and earnings, FreeMarkets' ability to develop competitive new products and services on a timely basis, introduction of new products and services by competitors, declining or uncertain economic and industry conditions, FreeMarkets' ability to attract and retain personnel and other risk factors that are described in more detail in FreeMarkets' most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , and its other filings with the Securities and Exchange Commission. |
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