Cambridge Technology Partners Cheers LogiGo.com's Maiden Voyage.Business/Technology Editors WOERDEN, The Netherlands--(BUSINESS WIRE)--Feb. 21, 2001 Cambridge Technology Partners' first European NEWCO client set to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the European Logistics Market Cambridge Technology Partners, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CATP CATP Cambridge Technologies (stock symbol) CATP Coverage Acceptance Test Plan CATP Committee of Adaptation to Technical Process ), February 21, 2001: Cambridge Technology Partners' first European NEWCO client, LogiGo.com, announced its launch today. LogiGo.com is a logistics e-marketplace for demand and supply of freight and freight space, with comprehensive surrounding services such as financial settlement and guaranteed payment. Cambridge's NEWCO initiative assists in the launch and development of new, cutting edge companies. Cambridge delivered incubation services, financial capital in return for an investment stake in the company and e-business services. An independent intermediary, LogiGo.com delivers benefits to both supply and demand sides: --supply side companies: Speed for finding loads, guaranteed payments, yield management, single transaction rather than multiple --demand side companies: Speed for finding space, value for money, focal point focal point n. See focus. for transaction partner Douwe Mik, managing director and co-founder of LogiGo.com comments: "Shippers seek fast, quality service so we offer logistics support and a vast range of carriers so that orders entered by shippers find fulfillment from quality graded carriers very quickly. Carriers find financial benefits at LogiGo.com, as they receive payment guarantees backed by LogiGo.com's strategic partner ING Bank, upon receipt of a proof of delivery. This service is completely new to the industry." "First reactions from our customers on the quality of the innovative LogiGo.com software are very promising," says Mik. "Shippers and carriers in Europe are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to decrease costs associated with planning activities for procurement and sales of freight and freight space. By offering both carriers and shippers benefits to participate on a neutral trading platform we are successful in finding enough uptake amongst customers to serve both sides adequately." Chris Goes, Marketing Director of Wim Bosman, a top European carrier says: "An Internet logistics solution needs to reduce the high costs of administration, search and sales as well as improve planning and order-entry. There needs to be a degree of trust put in place, allowing users to make choices between price and quality. Furthermore, it needs to add value through credit management and payment guarantees. That such a solution is pan-European, multilingual, multicultural and understands logistics is fundamental." "After extensive research we believe LogiGo.com has the potential to become one of the only providers in Europe to offer a real solution in this area by meeting all the requirements mentioned." As of today the site is accessible in four languages; LogiGo.com is represented in The Netherlands, Belgium, Germany and France. Currently LogiGo.com employs over 40 people with a strong focus on logistics, commerce and business development. The Marketplace has its own multilingual Customer Service Center. By using www.LogiGo.com, carriers and shippers greatly reduce search, order and 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). . Paul Piebinga, managing director at Cambridge Technology Partners in The Netherlands, says: "LogiGo.com is targeting a market that is in desperate need of the efficiency that a genuine e-market delivers. Logistics as a whole is a very fragmented market - even the biggest players only have a small percentage market share. Consequently there are 438,000 transportation companies in Europe, creating a lot of cost when a company is trying to select a supplier. Furthermore, there is a high degree of inefficiency as most trucks run empty approximately 50% of the time; the return journey after delivering." "Bulletin boards for road freight exchange A freight exchange is an online, real time service where hauliers search for freight (eg. for a backload) and freight forwarders offer freight to be transported. What a freight exchange does have been around for many years. Now, however, carriers and shippers are ready to migrate to a more complete service. We are proud to be the first truly independent logistics E-marketplace in Europe, that has been set up according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the wishes determined by LogiGo.com customers," Douwe Mik concludes. Further plans At launch LogiGo.com is focusing on road transport and container trucking, but plans to expand its package of services in the near future to include insurance, legal affairs, customs clearing, storage, dynamic route planning, tracking and tracing In logistics, tracking and tracing is the concept of locating property that is being forwarded from an origin to a destination through various hubs and passing along spokes, and determining the location and other status of such object. , electronic CMR CMR Crude mortality rate, see there and electronic POD. Alongside road transport, the aim in the longer term is to expand the product package to encompass other transport modes such as ocean and air cargo air cargo: see aviation. services. Leading partners LogiGo.com is the first European based start-up to be part of Cambridge Technology Partners' NEWCO service, an initiative to assist in the launch and development of cutting edge New Economy companies. Cambridge, a global e-solutions provider, supplied incubation services such as IT support, office space and financial capital in return for an investment stake in the company. LogiGo.com also operates in close partnership with: Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing and Booz Allen & Hamilton, who also own shares in the logistics services company. In addition to partnerships with the above companies LogiGo.com also has a unique partnership arrangement with ING Bank, Mainport Rotterdam, shippers' organization EVO EVO Evolution (Mitsubishi) EVO Extra Virgin Olive Oil EVO Evolution Engine (Harley-Davidson Motorcycles) EVO Emergency Vehicle Operator EVO Escape Velocity: Override (computer game) and the Belgian carriers' organization UPTR. About LogiGo.com LogiGo.com is a low threshold e-marketplace where carriers and shippers throughout Europe can find the right partners for their goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . The result: optimum utilization of transport capacity and transportation of goods at an attractive price. As well as mediating between carriers and shippers LogiGo.com provides added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
The multilingual Customer Service Center supports customers in logistics, software and general issues. LogiGo.com offers customers toll free help lines (0800 numbers). LogiGo.com is exclusively supported by The Dutch Shippers association, EVO and the Belgium Carriers organization UPTR. ING Bank is the financial service provider for all the online transactions that are conducted through LogiGo.com. The advantage for LogiGo.com's customers is that they will have just one financial partner for all their payments, plus a payment guarantee. These unique alliances mean that the services provided by LogiGo.com go beyond simply matching supply and demand for freight and freight space in the logistics sector. About Cambridge Technology Partners Cambridge Technology Partners provides strategic and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects as well as systems integration services to transform its clients into e-Businesses. Working in collaboration with Global 1000 and high-velocity middle market companies, Cambridge combines a deep understanding of New Economy issues with integrated, end-to-end services, and a proven track record of shared risk and rapid, guaranteed delivery. Cambridge generated $586.6 million in revenue in 2000, with $347.4 million from its global e-Business solutions. Cambridge has approximately 3,800 employees in 19 countries around the world. Cambridge is a Safeguard Scientifics (NYSE NYSE See: New York Stock Exchange : SFE See Sydney Futures Exchange. ) partner company. Cambridge on the Web: http://www.ctp.com. |
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