Banacci and Commerce One Conduct First B2B Auctions and Purchase Orders in Latin America Through ``Artikos'' Joint Venture.Business Editors/Internet Writers MEXICO CITY/PLEASANTON, Calif.--(BUSINESS WIRE)--May 16, 2000 Grupo Financiero Banamex-Accival ("Banacci"), Mexico's leading financial group, and Commerce One, Inc. (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ), the leader in global e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. solutions for business, today announced the completion of the first commercial transactions through their joint venture's MarketSite portal in Mexico. Artikos, as the joint venture is now called, has established the first of its Latin American Internet portals in Mexico, based on the Commerce One MarketSite Portal Solution. Banamex, the leading bank in Mexico, generated electronic purchase orders using the Commerce One BuySite e-procurement application. These purchase orders were processed by the Artikos MarketSite and delivered instantaneously in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. to several suppliers, including Hewlett-Packard, Compaq, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , Diebold and Unisys, among others. All of the transactions were completed using Spanish-language versions of the Commerce One solution. In addition, Banamex conducted its first reverse auction using Commerce One Auction Services, executing a US$1 million purchase order through Artikos Auctioning Services. The reverse auction resulted in savings of nearly 10% on the 50 ATMs acquired from NCR, Diebold and Unisys-Siemens. Artikos, which operates its MarketSite portal in Mexico, has an exclusive partnership with Commerce One to develop and operate business-to-business (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 ) electronic marketplaces in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. based on the Commerce One MarketSite Portal Solution. Artikos will work with net market makers in Latin America to establish additional vertical and horizontal portals in the region. Artikos provides a diverse offering of B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. capabilities to a broad base of companies including corporate and small and medium enterprise customers and local net market makers. Additional portals in other Latin American countries List of American countries Nations:
Artikos and its regional partners intend to actively market and sell the Commerce One Solution in their respective markets. Artikos is also a member of the Commerce One Global Trading Web Advisory Council. As a participant of the Commerce One Global Trading Web(TM), the joint venture also intends to further extend e-commerce relationships within Latin America to other parts of the world. About the Commerce One Global Trading Web The Commerce One Global Trading Web is the world's largest business-to-business trading community. Composed of many open e-marketplaces running on the Commerce One MarketSite Portal solution, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. Each global trading portal is independently owned and operated by a leading market maker in a region or industry -- resulting in the greatest choice for all trading partners. Currently, Commerce One and over 75 partners develop and operate regional and vertical portals A Web site that provides news, articles and services to a particular industry such as IT, finance and retail. It is the industry-specific equivalent of the general-purpose portal on the Web. Also called a "vortal." See portal, corporate portal, business intelligence portal and Web hub. worldwide, including exchanges for the automotive, aerospace, energy and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industries. About Banacci Banacci is Mexico's leading financial group. Following a universal banking strategy, the group offers a variety of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to companies and individuals, which include commercial and investment banking, insurance and fund management. Banamex, founded in 1884, is Mexico's largest commercial bank in terms of assets, loans, deposits, and equity. The bank, which has always been at the forefront of innovation and product development in the Mexican financial market, has an extensive distribution network of more than 1,200 branches and 3,000 ATMs located throughout the country. About Commerce One Commerce One (Nasdaq:CMRC) is the leader in global e-commerce solutions for business. Through its products, portals and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Commerce One Global Trading Web is the world's largest business-to-business trading community. Composed of many e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. [pilcrow (paragraph sign)] Commerce One is located in Pleasanton, Calif., and can be reached by phone at 800/308-3838 or 925/520-6000 or via the Internet at http://www.commerceone.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. Certain statements made in this press release by Commerce One are not historical facts but are "forward-looking statements" and may involve risks and uncertainties which could cause actual future results to differ materially and adversely from those anticipated by such statements. Included among the factors that could affect Commerce One's performance are: the ability of the joint venture to build its business successfully; the ability of the joint venture to effectively manage future growth; general economic conditions; fluctuations in operating results; market acceptance of the joint venture technology; and the ability of the Commerce One technology to support the operations of the joint venture etc. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its 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. for the year ended December 31, 1999. Note to Editors: Commerce One, Many Markets, One Source, Global Trading Web, BuySite, MarketSite, Global Trading Platform, Common Business Library, XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Development Kit, XML Commerce Connector, MarketView, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. All other company, product, and brand names are trademarks of their respective owners. |
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