BuildNet and DMSi Announce E-Commerce Alliance.Business Editors/High Tech Writers 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.--(BUSINESS WIRE)--Sept. 19, 2000 BuildNet to Bring Integrated Business-to-Business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. 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. Capabilities to the DMSi Software Platform Via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the BuildNet, Inc., a leading provider of management software and e-commerce services to homebuilders, dealers and suppliers in the residential construction industry, and DMSi, a leader in business management software for wholesale building product distributors, today announced a partnership to integrate BuildNet's e-commerce platform with DMSi software. Through this partnership, BuildNet's community of users should be able to engage in e-commerce with any user of DMSi software. By linking directly to the BuildNet e-commerce platform, DMSi creates an integrated link from the wholesaler's back-office software system directly into BuildNet's business-to-business infrastructure. This should allow for the dynamic integration of information from wholesalers to their customers, improving business practices, and saving time and money by creating efficiency and eliminating data entry errors. BuildNet provides secure Internet-based procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , e-commerce, and information services See Information Systems. for homebuilders, dealers, suppliers, and manufacturers in the residential construction industry. Its Internet-based system should allow users to confirm pricing and product specifications, place purchase orders, and add both product and order information automatically to their trading partners' management systems. BuildNet makes e-commerce seamless across different computer platforms, software systems and companies. "Our relationship with BuildNet should provide our customers with true 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 connectivity," said Jim Hassenstab, DMSi Chief Executive Officer. "BuildNet's platform enables the dynamic integration of DMSi back-office software to the back-office systems of our customers' trading partners over the Internet." "The optimal B2B play is to find existing communities, enable them with technology and bring them together to create business efficiencies through interactive, real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. communication with their trading partners over the Internet," said Nathan Nathan (nā`thən), in the Bible. 1 Court prophet in the time of David and Solomon. He announced the oracle to David concerning his dynasty. He confronted David over David's adultery with Bath-sheba and over her husband's murder. Morton Morton, village (1990 pop. 13,799), Tazewell co., central Ill., in a grain-farming and livestock area; inc. 1877. Food is canned, and tractor parts, washing machines, and pottery are manufactured. , BuildNet Chief Executive Officer. "Through BuildNet, DMSi can offer wholesalers the ability to receive and send valuable information that saves time, money, and improves the level of service they offer to their clients." About DMSi DMSi, located in Omaha, Neb., is the longstanding niche leader for business management, accounting and integrated e-commerce software for lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to , millwork, and building material distributors. It is recognized throughout the industry for customer service excellence. DMSi's interactive modules provide the core back-office system building distributors need to efficiently manage their day-to-day business. DMSi serves over 230 of North America's top building product distributors, who account for nearly 700 distributor locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. For more information on DMSi software solutions, call (800) 347-6720 or visit www.dmsi.com . About BuildNet, Inc. BuildNet, Inc., located in Research Triangle Park, N.C., is a leading provider of management software and e-commerce services to homebuilders, dealers, and suppliers in the residential construction industry. BuildNet's objective is to be the business-to-business e-commerce solution for the residential construction industry. To reach that objective, BuildNet has designed the BuildNet E-Building Exchange to provide secure Internet-based procurement, e-commerce and information services for homebuilders, dealers, suppliers and manufacturers. The BuildNet E-Building Exchange will allow users to confirm pricing and product specifications, place purchase orders and add both product and order information automatically to builders', dealers', and suppliers' management systems. In addition, manufacturers will be able to place product information and catalogs on the BuildNet E-Building Exchange for access by homebuilders, dealers, and suppliers. BuildNet is testing the BuildNet E-Building Exchange and expects to initiate a limited market rollout in 2000. BuildNet's aggregated software customer base includes homebuilders that accounted for approximately 43% of 1999 U.S. single-family home closings. Learn more about BuildNet by visiting www.buildnet.com This press release contains 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. . The actual results might differ materially from those projected in the forward-looking statements for various reasons, including BuildNet's limited Internet operating history, the development and rollout of the BuildNet E-Building Exchange and the acceptance of the BuildNet E-Building Exchange by any of BuildNet's existing software customers or any new customers. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in BuildNet's SEC filings, including its Registration Statement on Form S-1. All other trademarks referenced herein are trademarks and/or registered trademarks of their respective owners. |
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