BuildNet Selects Portal to Support New E-Business Initiative for the Homebuilding Industry; Portal to manage and track data transactions among builders and suppliers.Business Editors and High Tech Writers CUPERTINO, Calif.--(BUSINESS WIRE)--March 20, 2000 Portal Software Portal Software was founded in 1985 as Portal Information Network, one of the first ISPs in the San Francisco Bay Area. It was founded by John Little. The company offered its own interface through modem access that featured Internet email. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PRSF PRSF Presidio of San Francisco (US National Park Service) PRSF Peoples Republic of San Francisco ), a leading provider of business infrastructure software for Internet and next-generation communications services, today announced that BuildNet, Inc., has selected Portal's industry-leading customer management and billing software to support BuildNet's Internet-based e-business system. A key infrastructure component, Portal's Infranet should enable BuildNet to manage and track electronic data transactions among builders and suppliers who use BuildNet's homebuilding e-business exchange. BuildNet, based in Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C., plans to enable homebuilders to access automated, secure information from their preferred BuildNet-enabled building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . suppliers and manufacturers. BuildNet's new system also should enable participating builders to confirm pricing, product specifications, and inventory, and to place orders. BuildNet plans to enable manufacturers and suppliers to track deliveries and payments, to update product information, and to introduce new products efficiently. By providing part of the business infrastructure supporting BuildNet's e-business platform, Portal's Infranet 6.0 should enable builders to check supplier's prices and inventory in real time, place orders and have pertinent information automatically added to the builder's project management system. Using Portal's real-time technology, Infranet 6.0 should ensure that once orders are placed they are automatically removed from the supplier's inventory. "BuildNet's system should allow its builders and suppliers to engage in real-time information exchanges that integrate data from their business processes into the back office systems of the various players in the supply chain," said Peter Abene, BuildNet chief technology officer. "Portal's Infranet is a critical piece of the Internet infrastructure that must be in place to enable this exchange, because it helps us to manage and track user activity and collect revenue for our services." "BuildNet's business model is extremely compelling and represents a new class of emerging e-business applications that are meant to improve upon business practices used in traditional industries like homebuilding," said Steve Sommer Sommer is a surname, from the German and Danish word for the season "summer". It may refer to:
Portal provides Infranet 6.0, the industry's only comprehensive real-time customer management and billing solution that supports complex, multi-service, Internet business models. Portal's comprehensive real-time technology delivers a true-transactional business infrastructure that enables service providers to implement and manage every aspect of their Internet businesses in real-time, from data input to final storage in the database. Based on a fully-transactional technology core, Infranet 6.0 allows next-generation Internet businesses to quickly tailor customer service representative interfaces for branded services; alter highly sophisticated cross-service price plans on the fly; instantaneously in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. trigger cross-selling promotions; and provide real-time billing on-demand. About BuildNet BuildNet, 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. based in Research Triangle Park, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , is one of the home building industry's largest e-business, technology and project management system providers. BuildNet's Internet-based e-business platform is being developed to provide home builders and their subcontractors access to an integrated on-line network designed to avail many aspects of a building project to real-time, on-line, integrated e-business links, from the builder's back offices to the back offices of a wide range of product suppliers. (This is commonly called "business-to-business e-commerce.") Through its seven project management systems (SiteTrak, BuildSoft, TOM Systems, FAST, Lloyd's, TrueLine, and JD Edwards See J.D. Edwards. Homebuilder Software), and its recent alliance with Pulte Home Corp., BuildNet products currently manage the construction of around two in every five homes built in the U.S. BuildNet is actively building alliances with the building industry's manufacturers, suppliers, and large builders, and has recently signed e-business agreements with such companies as Andersen Windows Andersen Corporation is a privately-owned business that was founded in 1903 by Danish immigrant Hans Andersen and his family in Hudson, Wisconsin, where logs arrived via the St. Croix River. , CertainTeed, GE Appliances, Owens Corning Owens Corning Corporation is the world's largest manufacturer of fiberglass and related products. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company was spun off as a separate entity November 1, 1938. , and Pulte Home Corp. About Portal Portal Software, Inc., is building business infrastructure for the Internet. Based in Cupertino, Calif., Portal is a leading provider of customer management and billing software for Internet and emerging, next-generation communications services. The company's real-time solution enables service providers to manage customers, support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services and collect money. Portal's customers include US WEST, Qwest Communications
Portal and Infranet are U.S. registered trademarks, and Portal Software, the Portal logo, and the Real-Time-No Limits tagline are trademarks of Portal Software, Inc. All statements made in this press release are made only as of the date set forth at the beginning of this release. Portal undertakes no obligation to update the information in the event facts or circumstances subsequently change. Other product and company names herein may be trademarks of their respective owners. |
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