Backgrounder: What the Industry is Saying About AppNet Systems.BETHESDA, Md.--(BUSINESS WIRE)--Oct. 27, 1998-- NOTE TO MEDIA: Photo available on BW PhotoWire/AP PhotoExpress, PressLink and on Business Wire's Web site at www.businesswire.com "AppNet Systems is rapidly developing into one of the major new players on the e-commerce scene. AppNet's substantial funding has enabled it to acquire only the best companies. The strategy of integrating these acquisitions into an industrial-scale e-commerce company will allow AppNet, uniquely, to provide the broad range of Internet-related services and skills that Fortune 1000 companies require." --John Cross Chief Information Officer British Petroleum "Lippincott Williams and Wilkins' goal is to be the industry leader in the electronic delivery of product information to customers, retailers, wholesalers and employees. The solution AppNet Systems developed for us has enabled us to accomplish this with accuracy, speed and economy that were inconceivable only a few years ago. It is a one stop knowledge base for thousands of W&W products we publish and distribute worldwide." --Arthur Newman Executive Vice President Lippincott Williams and Wilkins "What I find attractive about AppNet Systems is its opportunity to be a powerhouse for e-commerce in the Fortune 1000 market. [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. ] Ken Bajaj's vision is to provide the Fortune 1000 with e-commerce services and Internet-based applications that create sustainable competitive advantage. The companies AppNet is acquiring are enabling that vision and making commerce more efficient." --Neeraj Vohra Electronic Commerce Analyst Friedman Billings Ramsey FBR Group Friedman, Billings, Ramsey Group Inc., or simply FBR, (NYSE:FBR), is a full service investment bank headquartered in Arlington, Virginia that sponsors the FBR Open PGA golf tournament held in Phoenix, Arizona. "Corporate customers want to work with an e-commerce service provider An organization that provides any combination of consulting, software and computer systems for e-commerce Web sites. that acts as a unified team The Unified Team was the name used for the sports team of the former Soviet Union (except the Baltic states) at the 1992 Winter Olympics in Albertville and the 1992 Summer Olympics in Barcelona. with a common vision, a common goal of helping the customer, and a full range of skills to address all e-commerce requirements, from the creative aspects to the integration of back-office functions. AppNet's strategy of acquiring companies to build complementary core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
"As the Internet grows, electronic commerce contracts require bigger and bigger efforts. A bigger company is needed to handle bigger projects. Ken Bajaj was the first guy we met who had it right. He understands better than anybody where this industry is going and what it needs." --Phil Canfield can·field n. Games A form of solitaire. [After Richard Albert Canfield (1855-1914), American gambler.] Noun 1. Principal GTCR GTCR Glacier Travel and Crevasse Rescue Golder Rauner "The Beneficiary Medical Program is a mission-critical application for the Department. The Intranet-based solution AppNet developed replaces legacy systems and innumerable manual processes, providing quick access to health care and rapid resolution of claims after the care." --CAPT Mift had focused our marketing efforts toward the distributors of our products. We realized that we also needed web site and on our Armour Fresh Pork consumerthe-art tools. When it was time to redefine our corporate image, AppNet was flexible in working with us to ea division of AppNet, really gets into understanding the business issues that impact how Ciba Polymer's ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. i "AppNet Systems is building a next generation web-based collaborative mission scheduling and planning tool, intended to make our planning processes more efficient and reliable. AppNet has a strong track record of developing productivity enhancing tools and systems for NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. ." --Marerienced perspective R&P (a division of AppNet) provides by designing and building our mission-critical decision support systems. By performing sophisticated analysis on the key measures of our daily performance, we make better-informed decisions much more quickly than in the past. R&P brings a wealth of experience in making this technology pay off, so we consider them a strategic partner that will enable us to address the emerging shift to web computing." --William H. Gruber Former CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. and Industry Consultant |
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