Braun Consulting, Inc. Announces Strategic Alliance With Moai; Partnership Enables Braun to Develop Online Business-to-Business and Business-to-Consumer Digital Exchanges.Business/Technology Editors CHICAGO--(BUSINESS WIRE)--Feb. 1, 2000 Braun Consulting, Inc. (Nasdaq: BRNC BRNC Britannia Royal Naval College (Dartmouth, England) ), a leading Internet professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. provider, today announced a strategic alliance with San Francisco-based Moai, the pioneer and leader of Web-based dynamic commerce solutions. Through this alliance, Braun Consulting and Moai will jointly develop, integrate and implement complete e-commerce solutions for Fortune 1000, &uot;dot-com&uot; and mid-sized companies in the business-to-business and business-to-consumer markets. Braun Consulting will leverage Moai's LiveExchange solutions to develop online auctions and trading exchanges for &uot;online intermediaries,&uot; the growing segment of companies that use Internet technology to create online markets of buyers and sellers. &uot;Online intermediaries, particularly in the business-to-business segment, represent the next phase of the Internet revolution,&uot; said Steve Braun, 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 Braun Consulting. &uot;Our alliance with Moai means we can offer clients in this space a best-of-breed solution to facilitate their vision of bringing buyers and sellers together in unprecedented ways.&uot; &uot;Our LiveExchange solution and Braun Consulting's unique combination of business strategy and technological expertise gives us the ability to help intermediaries launch online negotiated exchanges quickly and efficiently,&uot; said Anne Perlman, president and CEO of Moai. &uot;And the faster their exchanges are up and running, the faster they can open new and profitable sales channels for their own customers.&uot; Building on Moai's technology, Braun Consulting has launched digital exchanges for several &uot;dot-com&uot; companies, including BidBuyBuild.com, an online marketplace for the $3.2 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. worldwide construction industry. BidBuyBuild.com links buyers and sellers of construction materials in this highly fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. sector with a digital exchange that automates the bidding and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. process over the Internet. Braun Consulting has also used Moai's technology to help Retail.com develop and launch an online auction site that allows retailers to efficiently auction surplus and closeout closeout, closure the finalization of a feeding program in a feedlot. The cattle are sold and a balance sheet is struck which includes the costs of feeding and housing or confining them. goods to liquidators and discounters. About Braun Consulting Braun Consulting, Inc. (Nasdaq: BRNC) is an Internet professional services provider offering eSolutions, a strategic approach that combines advanced business intelligence methodologies with cutting-edge technology to help Fortune 1000 and middle-market companies build customer-focused e-commerce solutions. Founded in 1993, Chicago-based Braun Consulting has eleven offices throughout the U.S., including Boston, Dallas and Denver. Braun Consulting maintains strategic alliances with top developers of enterprise applications, including Microsoft, Oracle, Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Business Objects, Hyperion, I2 Technologies and others. Additional information about Braun Consulting is available at http://www.braunconsult.com. About Moai Based in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , Moai is the recognized pioneer and leader of online dynamic commerce solutions. With Moai's LiveExchange solutions, companies can create auctions, trading exchange and procurement markets that are either public or privately hosted for select groups of trading partners. LiveExchange enables companies to increase revenues and profitability, improve control of their sales channels, and reduce inventory overhead. Moai is the recipient of Red Herring's coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. 1999 Top 50 private companies award and UPSIDE Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside magazine's 1999 Top 100 companies distinction; both awards recognize the high tech industry's most innovative, leading companies. Moai's LiveExchange solution was recently awarded Best of Show for the Electronic Commerce Software &Services category at the fall 1999 Internet Commerce Expo (ICe) Conference. For more information, contact Moai's toll-free number at 888-244-6624, or visit the company's Web site at www.moai.com. &uot;Safe Harbor&uot; Statement under 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 Certain statements made in this press release which are not historical in nature are &uot;forward-looking statements&uot; and may involve risks and uncertainties which could cause actual future results to differ materially and adversely from those statements. The factors that could adversely affect our business include, among others: our success in recruiting and retaining qualified professionals; our ability to effectively manage our growth; our success in meeting client expectations; the development of a market for eSolutions; and our ability to compete in the eSolutions market. For additional information abut To reach; to touch. To touch at the end; be contiguous; join at a border or boundary; terminate on; end at; border on; reach or touch with an end. The term abutting implies a closer proximity than the term adjacent. factors that could affect our business, see the &uot;Risk Factors&uot; section of our Registration Statement No. 333-79251, or see the other documents that we file with the Securities and Exchange Commission from time to time. |
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