Calico eBusiness Application Suite to Deliver Comprehensive Equipment Financial Services Online for GE Capital.Business Editors and High Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--May 9, 2000 Calico Commerce (Nasdaq:CLIC CLIC Centre Local d'Information et de Coordination (French) CLiC Climate and Cryosphere (World Climate Research Programme project, Norway) CLIC Compact Linear Collider CLIC Connecticut Licensing Information Center ), a leading provider of eBusiness applications that enable companies to sell over the Web, today announced that GE Capital Commercial Equipment Financing, a business within GE Capital, the 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. unit of General Electric Company (NYSE NYSE See: New York Stock Exchange :GE), has chosen Calico's eBusiness application suite to provide comprehensive equipment financial solutions online. GE Capital Commercial Equipment Financing (GE Capital CEF CEF CAN (Controller Area Network) Extended Frame CEF Caixa Economica Federal (Brazil) CEF Cisco Express Forwarding CEF Common European Framework CEF Continuing Education Fund CEF Closed End Fund ) will use the software to help its customers determine which financial products best fit their needs, and then guide the customers through the application process. GE Capital CEF selected Calico based on its ability to sell complex products and services via the Web. Rapid deployment and scalability were also essential factors in the evaluation process. "Our customers will be exposed to a broad array of financial products and services online that will provide tailored solutions to meet their needs," said Michelle Landis, Vice President, eCommerce, GE Capital CEF. "Calico demonstrated how it could help solve our customers' complex financing decisions Financing decisions Decisions concerning the liabilities and stockholders' equity side of the firm's balance sheet, such as a decision to issue bonds. . Calico is a partner we can grow with as we continue to focus on the Web as a key customer contact point." "GE has made significant investments to support its eBusiness initiative this year, and Calico is helping GE Capital CEF deliver on its vision by providing a guided selling Guided Selling is a concept that enhances the sales process of customer specific products and services. Guided Selling enables organizations in an automated fashion to analyze customer needs, determine the proper features, products and services and to translate the result into a approach for complex financial services," said Alan Naumann, president and 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. , Calico Commerce. "GE Capital CEF is a tremendous addition to the group of leading organizations with which Calico is already working, and represents another leading win for us in the financial services market." About Calico Commerce, Inc. Calico Commerce, Inc. provides an eBusiness application suite that enables leading corporations to sell products and services via the Web, through existing channels and in Net Markets. Calico's open-standards eBusiness applications match unique customer needs to products to drive revenue growth, increase customer satisfaction and achieve competitive advantage. Calico customers include leaders in high-technology hardware, manufacturing, telecommunications services, financial services, home furnishings, chemicals, agriculture and retail. Calico Commerce, Inc., headquartered in San Jose, Calif., can be found on the World Wide Web at www.calico.com. Except for the historical information contained herein, the matters discussed in news releases contain 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. that involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such forward-looking statements. Potential risks and uncertainties are described in detail in public reports filed with the Securities and Exchange Commission such as Calico's Registration Statement on Form S-1 and on Form S-4 in connection with the ConnectInc.com acquisition. |
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