Cadence Network Selects eXcelon Solutions to Create B2B Partner Network.Business/Technology Editors BURLINGTON, Mass.--(BUSINESS WIRE)--June 20, 2000 eXcelon's dynamic 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 products and services join Cadence's business processes with partners, suppliers and customers across the Internet eXcelon Corporation (Nasdaq:EXLN), a leading provider of business-to-business (B2B) eCommerce solutions, today announced that Cadence Network, Inc., the largest Web-based provider of cost management services for multi-site enterprises, has selected eXcelon products and services to build and deploy its B2B partner network. With eXcelon, Cadence will share and automate business processes with its partners, resulting in increased efficiency, better service and lower costs. Cadence captures various site operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. information (such as electricity, telecommunications, water, waste management, etc.) and presents that information via the Web, allowing costs to be managed by site, region or division. In essence, Cadence unites fragmented data so national chain executives better understand what they are buying and who they are buying from. To further automate its cost-saving programs, Cadence will create a B2B partner network, using eXcelon's B2B Integration Server, B2B Partner Server and Xpress. With eXcelon solutions, Cadence can quickly and easily connect any partner to the network, regardless of their size and technical abilities. The resulting partner network will enable Cadence to conduct B2B commerce anywhere, anytime with any of its business partners. "Cadence is the market leader in helping multi-location organizations better manage their supplier relationships by providing them with critical information that drives good commerce decisions," said Jim Christopher, chief technology officer for Cadence. "eXcelon's capabilities for creating automated business processes between ourselves and our partners stand out among the competition. As a result, eXcelon makes us even more efficient and allows us to take the relationship our customers have with their suppliers to the next level." "Our B2B solutions are a perfect complement to the Cadence e-commerce system," said Alan Gold Alan Gold may refer to:
above all, most especially , they will see even greater cost savings." For more information on eXcelon Corporation and its line of dynamic B2B products and services, visit www.exceloncorp.com or call 1-800-706-2509. About Cadence Cadence Network, Inc. is a B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. firm that helps multi-location companies control enterprise-wide site operating costs operating costs npl → gastos mpl operacionales --such as energy and telecommunications. Customers include Blockbuster, Musicland Stores Corporation, Bed, Bath & Beyond, Winn Dixie, Papa John's, Motel 6 and Burger King, among others. The Company currently impacts the essential-service purchases of over 70,000 individual locations 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. in a variety of industries including retail, grocery, hospitality, 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. and restaurants. Cadence investors include Insight Capital Partners, MSD (MicroSoft Diagnostics) A utility that accompanied Windows 3.1 and DOS 6 that reported on the internal configuration of the PC. A variety of information on disks, video, drivers, IRQs and port addresses was provided. Capital (the private investment firm for Michael Dell), Cinergy Corp., Florida Progress and New Century Energies. For more information, call 513.763.3112 or visit Cadence online at www.cadencenetwork.com. About eXcelon Corporation eXcelon Corporation (www.exceloncorp.com) is a leading provider of products and services that enable companies to engage in dynamic business-to-business (B2B) commerce across the Internet. eXcelon Corporation's dynamic B2B solutions are 100 percent standards-based, thus eliminating technical barriers-to-entry for doing business across the Internet. Companies use eXcelon's dynamic B2B solutions to establish high-value electronic partnerships that are built for change. Based in Burlington, Mass., eXcelon Corporation was founded in 1988 and completed its initial public offering as ODIS ODIS Omni-Directional Inspection System ODIS Origin Destination Information System ODIS Offender Data Information System ODIS Optical Digital Image System ODIS Online Distribution Information System ODIS on Demand Innovation Services in July 1996. The company's stock is traded on the NASDAQ National Market under the symbol EXLN. eXcelon Corporation sells and supports its products through branch offices across the U.S. and international subsidiaries in the United Kingdom, Germany, The Netherlands, Japan and Australia, as well as a worldwide network of distributors, value-added resellers, systems integrators and other indirect sales partners. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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: Statements in this press release regarding eXcelon Corporation's business, including future market opportunities and prospects, which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the most recently ended fiscal year. NOTE: ObjectStore is a registered trademark of eXcelon Corporation; eXcelon, EXLN, Xpress, eXcelon B2B Portal Server, eXcelon B2B Integration Server, eXcelon eSolutions, Stylus, Cache-Forward and Javlin are trademarks of eXcelon Corporation. All other trademarks are the property of their respective owners. |
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