Cap Gemini Ernst & Young and Parts.com to Partner on Initiatives in Europe.Business & Automotive Editors SANFORD, Fla. & PARIS--(BUSINESS WIRE)--Oct. 31, 2000 Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. Signed in Paris, France Heralds Bright Future for TradeMotion Solutions in Europe Parts.com, Inc. (Stock Symbol: MIRM MIRM McGowan Institute for Regenerative Medicine (University of Pittsburgh) MIRM Member, Institute of Residential Marketing ), a marketplace and software solutions provider for the automotive parts industry, announced today that it has signed a Memorandum of Understanding with Cap Gemini Ernst & Young, world-renowned Consulting and Information Systems integrator. Under this agreement Cap Gemini Ernst & Young will leverage Parts.com's TradeMotion solutions in the European OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and market. "I was impressed by Parts.com's pragmatic approach to supply chain issues and by the professionalism of their management team," stated Eric Piat, Chief Technology Officer of Cap Gemini Ernst & Young's Industry Division. "I like the fact that they have built so much hands-on industry knowledge into their software solutions. TradeMotion looks to be a very good fit with our own approach to parts verticals." Cap Gemini Ernst & Young, Europe's No. 1 consulting and systems integrator, is currently working on many large-scale supply chain and e-commerce projects for companies such as PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. , Volvo, Airbus, etc. Under the terms of the agreement, as suitable opportunities with European manufacturers arise, the two companies will put forward joint proposals built around TradeMotion solutions. "Partnering with Cap Gemini Ernst & Young enables us to address a perceived weakness identified by some of our potential clients. 'We love your software,' we hear them say, 'but do you have the resources to implement?' From now on, with more than 57,000 Cap Gemini Ernst & Young personnel worldwide working with us, no one can say we don't have the means to roll out and support our solutions!" quipped Shawn D. Lucas, President of parts.com. "This is a milestone for us as we move toward global deployment. We are on target with plans to establish our presence in Europe," Lucas concluded. About Cap Gemini Ernst & Young Cap Gemini Ernst & Young is one of the largest management and IT consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a in the world and combines the resources of Gemini Consulting, Cap Gemini IT Services and the Ernst & Young Consulting Services of Ernst & Young LLP LLP - Lower Layer Protocol . Cap Gemini Ernst & Young is publicly traded on the Paris Bourse Paris Bourse National stock market of France. . The company offers management and IT consulting services, systems integration, and technology development, design and outsourcing capabilities on a global scale to help traditional businesses and "dot companies" continue to implement growth strategies and leverage technology in the new economy. The organization employs more than 57,000 people worldwide and reports global revenues of 7.7 billion Euros (1999 pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma ). About Parts.com Parts.com, based in Sanford, Florida Sanford is a city in and the county seatGR6 of Seminole County, Florida, United States. The population was 38,291 at the 2000 census. As of 2006, the population recorded by the U.S. Census Bureau is 49,124. , provides business-to-business e-commerce software solutions for the auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
This announcement contains "forward looking statements." Words "anticipate," "believe," "estimate," "expect," and other similar expressions as they relate to the Company and its management are intended to identify such 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. . Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission. |
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