BuildNet and PM Online 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)--Oct. 11, 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 Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Company 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 PM Online, a leading provider of e-commerce management software to landlords and suppliers in the residential property management industry, today announced a partnership to integrate BuildNet's e-commerce platform with PM Online software. Through this partnership, PM Online software users should be able to engage in e-commerce with any member of the BuildNet community, including builders, dealers, suppliers and manufacturers. By linking directly to the BuildNet e-commerce platform, PM Online creates an integrated link from the property manager's back-office software system directly into BuildNet's business-to-business infrastructure. This should allow for the dynamic integration of information from property managers to their suppliers, improving business practices, and should save 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. "Our relationship with BuildNet will provide our customers with enhanced 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 Norm Winton, PM Online's Chief Executive Officer. "BuildNet's platform should enable the dynamic integration of information up and down the supply-chain from the back-office software of our property manager customers to the back-office systems of their trading partners." "This alliance is one of many designed to create the optimal B2B solution for the industry," 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. "We are finding existing communities and enabling them with the latest technology 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 over the Internet." About PM Online PM Online, based in Toronto Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing , Ontario, focuses on business-to-business (B2B) e-commerce for the commercial and residential multi-family, hi-rise property management industry. PM Online is an e-commerce and Web enabling, company specializing in e-procurement for the property management industry. PM Online has designed the PMOnline Exchange to provide secure Internet-based procurement, e-commerce and information services for property managers, landlords, suppliers and manufacturers. 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.(c)2000 |
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