Cardonet Facilitates Epylon.com's Efforts to Streamline E-commerce for Education and Government Professionals.Business Editors, High-Tech Writers BOSTON--(BUSINESS WIRE)--May 16, 2000 --Epylon.com Uses Cardonet's MarketStand(TM) to Enhance e-Commerce While Helping Schools and Government Save Valuable Resources-- Cardonet, Inc. (www.cardonet.com), the definitive provider of catalog content aggregation solutions for business-to-business e-marketplaces, today announced that Epylon.com has selected Cardonet's MarketStand(TM) Suite 2.0 to enhance its e-commerce services for education and government purchasing professionals. The announcement was made at Net Market Makers' ground zero3 e-commerce conference. Epylon.com is an e-commerce marketplace for education and government institutions that simplifies the research and procurement process for the institutional buying community and reduces customer acquisition and process costs for suppliers. Faced with the challenge of managing data in varied formats from multiple suppliers, Epylon.com has chosen Cardonet's MarketStand to facilitate the creation and ongoing maintenance of its online catalog Similar to an online library or databases in the information storage respect, ‘’’online catalogs’’’ allow potential customers to browse a company’s items for sale from a different location using the internet. . "We are excited to be using MarketStand in developing innovative uses of the Internet to empower our schools and government agencies to operate more efficiently," said Giora Sagy, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of Epylon.com. "As our catalog of products such as office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). , food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and , instructional supplies and technology increases, Cardonet's MarketStand will help us manage this growth effectively." Recently introduced to the market, MarketStand version 2.0 simplifies the process of supplier product classification by building transactive catalogs that make it easier to find products quickly and creates a better overall buying experience. Cardonet's solution aggregates and normalizes Epylon.com's supplier catalog information, which is helpful in managing many disparate catalog formats. Itay Meiri, 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 Cardonet added, "Epylon.com is one example of how our MarketStand solution allows e-marketplaces to automate the entire catalog content aggregation process which results in lower implementation and maintenance costs and more accurate product information. In the quickly changing Internet environment, Carodnet's solution stabilizes e-marketplaces by promoting consistent growth through data normalization See normalization. and classification processes -- building efficiency onto existing e-commerce platforms." About Epylon.com Epylon.com Corporation is a business-to-business e-commerce marketplace for education and government institutions. Uniting purchasing professionals with suppliers over the Internet, Epylon.com provides one-stop shopping by aggregating thousands of catalog products online from more than 1,200 suppliers including Office Depot Office Depot (NYSE: ODP) is one of the world's leading suppliers of office products and services. The Company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, , Grainger, General Electric, J.L. Hammett, Virco, Houghton Mifflin Houghton Mifflin Company is a leading educational publisher in the United States. The company's headquarters is located in Boston's Back Bay. It publishes textbooks, instructional technology materials, assessments, reference works, and fiction and non-fiction for both young readers , Ingram Micro Ingram Micro, Inc. NYSE: IM a Fortune 100 company founded in 1979 and based in Santa Ana, California. It is the world’s largest technology distributor and a leading technology sales, marketing and logistics company. , Wesco and Barnes & Noble.com. Epylon.com enables buyers to send quotes and bids electronically to suppliers, and offers industry related news, event information and product reviews. Epylon.com also enables cooperative purchasing and facilitates the sharing of best practices among community members. Epylon.com simplifies the research and procurement process for the institutional buying community, and reduces customer acquisition and process costs for suppliers. Headquartered in San Francisco, Calif., Epylon.com is privately held and can be found on the Web at www.epylon.com. About Cardonet, Inc. Founded in 1997 and headquartered in Santa Clara, Calif., Cardonet, Inc. (www.cardonet.com) combines unmatched expertise with superior technology to provide the definitive catalog content aggregation solution for business-to-business e-marketplaces. Cardonet enables e-marketplaces to create and maintain transactive catalogs that enhance the buyer's experience and increase marketplace transactions, resulting in repeat customers and reduced time-to-market. Cardonet's growing list of leading customers and strategic partners include Ariba, Asera, Consolidated Commerce, Cross Commerce, Epylon, Intelligent Digital, Intershop, Sherwood Forest, and Yantra Yantra is a Sanskrit word that is derived from the root meaning "to restrain, curb, check".[1][2] Meanings for the noun derived from this root include "that which restrains or fastens, any prop or support", "a fetter", "any instrument or machine", "an . Privately held, Cardonet is funded by leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] including Sequoia Capital, Giza GE Capital and Yozma Venture Capital. |
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