BMC Software Improves Global Trade Processes with Vastera's Trade Management Consulting --VTMC--; Software Leader Also Subscribes to TradePrism.com.Business Editors/Hi-Tech Writers DULLES, Va.--(BUSINESS WIRE)--April 5, 2001 Vastera (Nasdaq:VAST), the leading provider of solutions for Global Trade Management, today announced that BMC Software BMC Software, Inc. NYSE: BMC, is an American enterprise management software provider, focusing on IT infrastructure applications. BMC was founded in 1980 and is headquartered in Houston, Texas. , Inc. (NYSE NYSE See: New York Stock Exchange :BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. ), the leading provider of e-business systems management, has licensed Vastera's TradePrism.com to perform global trade regulatory compliance checks on orders. This decision comes on the heels of a successful Vastera Trade Management Consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects engagement initiated in August 2000. BMC Software, with more than 7,000 employees and fiscal year 2000 revenues exceeding $1.7 billion, is the world's fifth largest independent software solutions provider. The company provides software solutions that enhance the availability, performance and recoverability of companies' business-critical applications. BMC Software operates offices in 21 countries, selling into 50 markets worldwide. "We see foreign markets as a tremendous opportunity for us to grow our business," said Tom Ward, director of operations for BMC Software. "Through its trade management consulting expertise and software solutions, Vastera is helping us run our 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. more efficiently, while performing the regulatory compliance checks that govern global trade." In August 2000, BMC Software came to Vastera for assistance in defining more effective global trade processes to help them penetrate new global markets faster. Vastera's Trade Management Consulting group Management Consulting Group, PLC is a consulting company listed on the London Stock Exchange under the name MMC. As of 2006 they were ranked the twelfth largest operational consultancy firm in the world. brought extensive global trade domain expertise that helped BMC Software define effective global trade processes, and compliance procedures. In March 2001, BMC Software expanded its relationship with Vastera to include the use of TradePrism.com to automate regulatory compliance checks required for international orders. "We're finding that many companies are interested in improving their trade processes in conjunction with adopting enabling technology," said Mark Ferrer, COO of Vastera. "Our experienced trade professionals can quickly identify opportunities for significant savings in the form reduced duties through programs like NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's , cheaper sources of supply, or more effective use of global inventory. The fact that BMC has now elected to expand their relationship with us to include software is a direct result of their happiness with our consulting services." About Vastera Vastera is the leading provider of solutions for global trade management. Its solutions including modular, web-native applications, trade management consulting and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , are designed to streamline the trade functions of global business. The foundation of these solutions is Global eContent, a comprehensive, rules-based application of country-specific trade and regulatory data, which is maintained and updated daily. Vastera's solutions drive quick, tangible benefits for its clients by accelerating the flow of goods through the global supply chain, and reducing the associated labor costs, third party logistics fees, inventory carrying costs Carrying costs Costs that increase with increases in the level of investment in current assets. , and duties. Vastera clients include: Ford, Alcatel, Dell, Microsoft, Sun Microsystems, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. Dairy Board, Lucent Technologies and Nortel Networks. For more information, please visit www.vastera.com. This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Statements in this press release that are not strictly historical are "forward looking" statements which are subject to the many risks and uncertainties that exist in Vastera's operations and business environment. These risks and uncertainties may cause actual results to differ materially from the expected results and include, but are not limited to, Vastera's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, the ability to successfully implement Vastera's expansion plans, risks related to the Internet, risks related to legal uncertainty and other risks which are set forth in more detail in Vastera's Registration Statement on Form S-1, as amended, as well as other reports and documents filed from time to time with the Securities and Exchange Commission. |
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