CascadeWorks Licenses webMethods' Integration Platform to Deliver Faster Application Integration and Deployment for CascadeWorks Clarity Customers.Business/Technology Editors SAN FRANCISCO--(BUSINESS WIRE)--May 11, 2001 Customers Reduce Costs and Gain Efficiencies from CascadeWorks Services E-Procurement Solution CascadeWorks, the leading provider of solutions for the services e-procurement market, announced today that it has licensed integration software from webMethods, 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 :WEBM WEBM webMethods Inc. (stock abbreviation, AMEX) ). The webMethods integration platform links business applications, automating business processes inside the enterprise and securely with partners and customers over the Internet. CascadeWorks will use the software to enhance the existing integration engine built into its CascadeWorks(TM) Clarity services e-procurement platform, reducing the cost and time involved in addressing customers' integration requirements. Services e-procurement is a new enterprise application category that leverages the Internet to enable the end-to-end purchasing life cycle and management of vendors selling services of all types. Corporate service includes labor related categories such as staffing and consulting services, as well as non-labor related services such as maintenance and repair, transportation, construction and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . CascadeWorks Clarity is a services e-procurement solution that consists of a unified technology platform and an integrated suite of applications delivering visibility, process improvement and vendor management to the services purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements . "Procurement of services presents companies with significant business challenges," said Scott Opitz, vice president of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. for webMethods. "We are pleased to have our technology incorporated into CascadeWorks' leading edge solution for the procurement of services. The incorporation of webMethods' technologies within the CascadeWorks Clarity platform will benefit customers through faster, seamless and secure integrations with ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , human resources, time and tracking, and a host of other applications that companies adopt in the enterprise." "The enhancement of CascadeWorks Clarity with webMethods' integration platform will accelerate deployments and meet customer requirements," said Todd Greene, chief technology officer for CascadeWorks. "CascadeWorks will be able to offer customers pre-built integration with more than fifty common applications as well as custom-built solutions. webMethods' software will allow data to move smoothly and automatically among enterprise and legacy applications, databases and workflows within and across enterprises." About CascadeWorks CascadeWorks enables Fortune 1000 companies to derive strategic business advantage from services e-procurement -- the Internet-based process for sourcing, purchasing, paying and managing services vendors. CascadeWorks Clarity, an integrated suite of applications based on a unifying technology platform, delivers visibility, process improvement and program management that address the entire services procurement life cycle and management of the services vendor community. In use at major corporations, such as Autodesk and Charles Schwab, CascadeWorks Clarity helps businesses reduce operating costs, improve quality and optimize spending across all categories of services. Based in San Francisco, CascadeWorks is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with venture capital from New Enterprise Associates (NEA NEA abbr. 1. National Education Association 2. National Endowment for the Arts NEA (US) n abbr (= National Education Association) → Verband für das Erziehungswesen ). For more information, visit www.cascadeworks.com. About webMethods, Inc. webMethods, Inc. (Nasdaq:WEBM) is the leading provider of integration software. The webMethods integration platform allows customers to achieve quantifiable R.O.I. by linking business processes, enterprise and legacy applications, databases and workflows both within and across enterprises. By deploying the webMethods integration platform, customers reduce costs, create new revenue opportunities, strengthen relationships with customers, substantially increase supply chain efficiencies and streamline internal business processes. Founded in 1996, webMethods is headquartered in Fairfax, Va., with offices throughout the U.S., Europe and Asia Pacific. webMethods has more than 625 customers worldwide including Global 2000 leaders such as Citibank, Dell, Eastman Chemical, The Ford Motor Company, Grainger, Motorola and Starbucks. webMethods' strategic partners include Accenture, Ariba, BroadVision, Commerce One, Deloitte Consulting, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Hewlett-Packard, i2 Technologies, J.D. Edwards, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Consulting, Microsoft, Oracle Corp., SAP AG and Siebel Systems. More information about the company can be found at www.webMethods.com. webMethods is a registered trademark of webMethods, Inc. All other company and product names are property of their respective owners. This press release contains various remarks about the future expectations, plans and prospects of webMethods that constitute forward-looking statements for purposes of the 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. provisions 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. The actual results of webMethods may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Risk Factors section of webMethods' Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2000, as amended, and Form S-3, both of which are on file with the Securities and Exchange Commission. |
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