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: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. 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. "Procurement of services presents companies with significant business challenges," said Scott Opitz, vice president of strategic planning 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, 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 with venture capital from New Enterprise Associates (NEA). 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, Hewlett-Packard, i2 Technologies, J.D. Edwards, KPMG 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 provisions under The Private Securities Litigation Reform Act 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 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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