Bowstreet and Vitria Team to Automate Industries on the Internet.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--March 16, 2000 Combined Technologies Will Provide End-to-End Solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for Next-Generation Trading Networks, From Back-End Process Automation to Dynamic Business Webs Bowstreet and Vitria Technology Inc. (Nasdaq:VITR VITR Vitria Technologies (stock symbol) VITR Visible and Thermal Infrared Radiometer ) are pairing their e-commerce and e-business technologies to let companies for the first time automate their back-end business processes and quickly deploy the results across the web as part of customized "business webs" serving thousands of customers, suppliers and partners. Bowstreet is the leading provider of 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. infrastructure for 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 ) web marketplaces, and Vitria is the leading eBusiness platform provider. Together, the companies will enable the next generation of trading partner networks, creating entire industries of companies whose core business processes will be fluidly interconnected over the web. Each company in these networks will be able to offer unique interactions to each business partner, all controlled by line-of-business managers. An online sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport store, for example, could integrate hundreds of equipment distributors into a single storefront, consolidate order processing and distribution, and provide a unique look, feel, selection and pricing to each customer, supplier and partner. Vitria (www.vitria.com) lets business analysts automate their companies' core business processes, such as customer service and inventory replenishment, by drawing graphical models that directly automate those processes, and that manage the automated flow of data from system to system. Bowstreet calls these automated business processes, which are wrapped in Extensible Markup Language See XML. (language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web. http://w3.org/XML/. (XML), "web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. ." Bowstreet treats web services as B2B building blocks, letting line-of-business managers find, consume, organize, mix, match, assemble, customize, publish, repurpose and trade web services. The result is instantaneous "business webs" of interconnected companies' business processes. "The combination of the Bowstreet(TM) Business Web Factory and Vitria's BusinessWare product will provide customers with true end-to-end e-business transformation solutions that extend from complex systems-to-systems integration through back-end process automation to massively customized business webs," said JoMei Chang, 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. and president of Vitria. Vitria is a member of the 1999 UPSIDE Hot 100, the Herring 100 (1999), and the Open Systems Advisors Inc. (OSA 1. OSA - Open Scripting Architecture. 2. OSA - Open System Architecture. ) Crossroads 2000 A-List Award. "Vitria's process automation expertise will help Bowstreet business webs bring the visualization of customers' legacy data over the web in a new and highly useful form that can be repurposed in many different ways," said Bob Crowley For the software, see . For the computer specialist, see . Bob Crowley (born in Cork, Ireland) is a theatre director, scenic and costume designer. He is the brother of director John Crowley. , president and CEO of Bowstreet. "Vitria's business processes will enrich our business webs, and our business webs will drive next-generation trading partner networks." The Bowstreet/Vitria partnership announcement came on the same day Bowstreet announced:
-- the Bowstreet(TM) Business Web Exchange, a revolutionary Internet
community where companies can find, acquire and publish the "web
services" of other companies and build their businesses in ways
they never imagined.
-- the Bowstreet(TM) Business Web Factory 2.0, a B2B platform that
lets non-technical business people create, manage and customize
hundreds of thousands of B2B web relationships on the fly. The
Bowstreet Business Web Factory is the first product to support the
Directory Services Markup Language (DSML), a specification
Bowstreet, IBM (NYSE:IBM), Microsoft (NasdaqNM:MSFT), Novell
(NasdaqNM:NOVL), Oracle (NasdaqNM:ORCL) and the Sun-Netscape
Alliance (NYSE:SUNW/NYSE:AOL) recently submitted to industry
standards bodies.
About Vitria Vitria Technology, Inc. is a leading business platform provider. Vitria's eBusiness platform, BusinessWare, automates mission-critical business processes across the extended enterprise, reducing time to market, shortening lead times, lowering operating costs operating costs npl → gastos mpl operacionales , and increasing customer satisfaction. Vitria is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (Nasdaq:VITR) based in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. . For more information, call 408/212-2700, visit the company's web site at www.vitria.com, or send email to info@vitria.com. About Bowstreet Bowstreet provides the XML infrastructure to automate the creation of dynamic and customized B2B web marketplaces that enable new business models, extend companies' market reach and generate new revenue. These "business webs" link an infinite number infinite number a number so large as to be uncountable. Represented by 8, frequently obtained by 'dividing' by zero. of customers, suppliers and partners in minutes instead of months and at a fraction of the cost of today's web development methods. Founded in January 1998, Bowstreet was ranked as one of the top e-commerce start-ups in the country at the Enterprise Outlook Conference, and has raised $90 million from leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , global investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. and strategic corporate investors. For more information, visit www.bowstreet.com or call 603/436-9100. This press release includes forward-looking statements that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to, risk as related to market acceptance of Vitria's product, deployment delays or errors associated with these products, hardware platform incompatibilities, reliance on a limited number of customers for a majority of revenue, need to maintain and enhance certain business relationships with system integrators and other parties, ability to manage growth, activities by Vitria and others regarding protection of proprietary information, release of competitive products and other actions by competitors, Year 2000 problems and economic downturns in either domestic or foreign markets. These forward-looking statements are generally identified by words such as "expect," "anticipate," "intend," "believe," "hope," "assume," "estimate" and other similar words and expressions. Note to Editors: Bowstreet is a trademark of Bowstreet.com Inc. BusinessWare is a registered trademark of Vitria Technology, Inc. All other company names and products are trademarks or registered trademarks of their respective companies. |
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