Business-to-Business Digital Marketplaces to be Enhanced by Visual Insights/Time0 Reseller Agreement.NAPERVILLE, Ill.--(BUSINESS WIRE)--Nov. 9, 1999-- Visual Insights, a leading provider of visual query and analysis solutions in the customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) market, today announced a major reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. agreement with Time0, a market leader in the creation of business-to-business digital marketplaces. Under this agreement, Time0 and its business partners will use Visual Insights' interactive data visualization See information visualization. components to analyze e-commerce patterns and customer behavior in a digital marketplace. Visual Insights is a business venture of Lucent Technologies (NYSE NYSE See: New York Stock Exchange : LU). This reseller agreement creates a strategic advantage for companies who participate in business-to-business digital marketplaces. Using the patented visual query and analysis capabilities provided by Visual Insights, companies are able to capture and analyze every mouse click made in this digital environment, thus yielding important information about the buying habits of their customers. As a result, participating companies can act immediately on those findings to be more effective at reaching their customers with more targeted sales, services and marketing. "With Visual Insights, we are better able to help our marketplace participants extract meaningful knowledge and make strategic decisions about how to more successfully manage their e-commerce business," said Mark Teflian, President of Time0. Understanding complex, e-customer buying patterns results in channel efficiencies and increased site traffic. "Reduced transaction time means increased customer satisfaction," said Doug Cogswell, 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 Visual Insights. "Visual Insights' interactive data visualization components helps provide Time0 with a snapshot of marketplace behavior that enables better, faster business decision-making." Visual Insights' interactive data visualization components are used to help companies participating in digital marketplaces recognize patterns, trends, and linkages hidden in the large data sets. These data sets are created when many different companies transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting in a multi-enterprise digital environment. The visualization components help analysts understand the interplay among several different market forces: price elasticity, product mix, promotions, search patterns, buying/selling behavior, and system performance. WHAT IS A "DIGITAL MARKETPLACE"? Digital marketplaces, created by Time0 and its partners, represent the next generation of high-value, rapid-growth businesses pursuing electronic commerce in the business-to-business arena. Companies within a digital marketplace agree on e-commerce protocols and systems that allow them to transact business more efficiently. These digital marketplaces bring together multiple suppliers as well as a host of content and fulfillment providers to better serve the needs of customers and to lower transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). . Time0 digital marketplaces take several forms, offering auctions, order & acquisition, exchange, information resale, billing and fulfillment capabilities. ABOUT VISUAL INSIGHTS: Visual Insights, headquartered in Naperville, Illinois Naperville is a city in DuPage and Will counties in Illinois in the United States. As of the 2000 census, the city had a total population of 128,358; The United States Census Bureau estimated the population in 2006 at 142,901. , is a business venture of Lucent Technologies. Founded in 1997, Visual Insights' patented visual query and analysis techniques are revolutionizing business decision-making by allowing front-line decision-makers to make better business decisions faster. Its software solutions are in use today in customer relationship management applications including: call center analysis, credit card marketing, e-commerce solutions, data mining, supply chain management, telecommunications fraud prevention and more. For more information, visit the company's Web site at www.visualinsights.com. ABOUT LUCENT TECHNOLOGIES: Lucent Technologies, headquartered in Murray Hill, New Jersey
ABOUT TIME0 AND PEROT SYSTEMS Perot Systems Corporation NYSE: PER is an information technology services provider based in Plano, Texas. Peter Altabef has served as president, chairman, and chief executive officer since 2004. Time0 is a business of Perot Systems formed in 1997. Perot Systems Corporation, based in Dallas, TX, is a leading information technology services and business solutions company, serving clients in various including financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , healthcare, energy, and travel and transportation. Perot Systems has approximately 6,000 employees in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia. More information on Perot Systems can be found through the World Wide Web at (http://www.perotsystems.com). The business, systems, and software engineers at Time0 (www.time0.com) invented a digital marketplace business model and its underlying technology architecture. Time0's thought and technology leadership in this area enables alliances of cooperating companies to rapidly form a new line of business called a digital marketplace. The participating companies, complementors and competitors alike, join together to better serve the needs of their customers and share the opportunity to dramatically lower transaction costs. Time0's technology platform, customization tools and design processes, have been engineered and built to quickly create a new line of business. In the role of a digital marketplace facilitator, Time0 offers its clients an unprecedented combination of the people, products and services that deliver the advantages of being first to the market. Time0 serves clients in the distribution, logistics, financial, publishing, and manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation . NOTE TO EDITORS: In the name TimeO, there should be a slash through the "O" at the end of the word. |
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