Bandwidth.com Live With 'Perfect' Dynamic Sourcing for Enterprise Connectivity.Business Editors PARK CITY, Utah--(BUSINESS WIRE)--Oct. 10, 2000 Bandwidth.com, the first Internet marketplace See vertical portal and Web hub. for enterprise-class connectivity for businesses, today announced that their site is now live with Perfect's recently launched flagship product, PerfectMarket(sm) 1.0., providing an order of magnitude A change in quantity or volume as measured by the decimal point. For example, from tens to hundreds is one order of magnitude. Tens to thousands is two orders of magnitude; tens to millions is three orders of magnitude, etc. leap in value to trading participants. Perfect, the pioneer of dynamic sourcing, preserves the advantages of the time-tested offline sourcing process while enabling both buyers and sellers to select from many more possible deals, and find the best possible fit for both sides. Bandwidth.com needed a solution that would allow it to scale to a marketplace consisting of hundreds of suppliers and thousands of buyers. Prior to implementing Perfect, Bandwidth.com used a simple RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) (Request-For-Quote) form to which every supplier had to reply. The drawback was that suppliers spent a significant amount of time determining if they could service the RFQ, and buyers were often overwhelmed by too many suppliers responding with services that were not a good match. "After trying several other solutions that did not fit our needs, we selected Perfect for its intelligent negotiation process which allows buyers to whittle down Verb 1. whittle down - cut away in small pieces wear away, whittle away damage - inflict damage upon; "The snow damaged the roof"; "She damaged the car when she hit the tree" the list of suppliers to those that offer the specific services they seek," stated David Morken, president of Bandwidth. "Perfect's solution also helps suppliers because it enables them to make custom offers automatically, based on rules they have previously entered in the system. By implementing Perfect, our buyers and suppliers can now focus on their core business rather than mentally computing all the factors and being able to only evaluate a few choices as opposed to hundreds or thousands." Perfect is the foundation of the buyer/seller negotiation process for Bandwidth.com's participants. The Bandwidth.com indicative bidding marketplace is presently in public beta and Bandwidth.com has spent the past four months in development and implementation with Perfect's Professional Services group. The application is integrated with Bandwidth.com's existing IT infrastructure through an ASP service hosted by Perfect. "Perfect is leading the dynamic sourcing market based on our commitment to replicate and make dramatically more efficient real market forces and buyer and seller behavior," said Kevin Surace, 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. of Perfect. "We're pleased that PerfectMarket has helped Bandwidth.com define what a customized exchange can offer that will attract buyer and seller participation and fuel growth for the Bandwidth.com exchange." About Bandwidth Bandwidth.com is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. . Bandwidth.com offers end-users a unique level of high bandwidth purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. through a special bid process and through agreements with all of the nation's largest communications companies. In addition, bandwidth.com offers a suite of business and consumer solutions that include real-time competitive analysis, circuit availability, and order processing for DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary products and services. For additional information about bandwidth.com and to experience this new service, visit the company web site at http://www.bandwidth.com. About Perfect, Inc. Perfect provides an advanced, fully automated sourcing solution to the world's leading Net markets and private/enterprise exchanges. The company's suite of services, PerfectMarket(sm), is a customizable, automated, multi-dimensional, weighted-attribute strategic sourcing environment that can be rapidly deployed with minimum time and expense -- driving inefficiencies out of sourcing and giving exchanges new revenue with commerce intelligence. Perfect was founded in 1999 and is based in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. . Its investors include SOFTBANK Venture Capital (www.sbvc.com), New Enterprise Associates, Allen & Co., Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. , NeoCarta Ventures, Odyssey Capital Group, Primedia Ventures, Steanberg Private Capital, and Angel Investors LP. For more information, please visit www.perfect.com. Note to Editors: Perfect, Perfect.com, PerfectMarket and the Perfect logo are service marks of Perfect.com, Inc. Other brand or product names are trademarks or registered trademarks of their respective owners. |
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