CheMatch.com Announces Strategic Alliance With Reed Business Information; Leading Chemical Industry Publishing Firm Makes Investment in Company.Business Editors HOUSTON--(BUSINESS WIRE)--Feb. 22, 2000 CheMatch.com, the leading global exchange for bulk commodity chemicals, plastics and fuel products, announced that it has entered into a strategic alliance with Reed Business Information Reed Business Information is a large business publisher in the United States, United Kingdom, continental Europe, Australia and Asia. It is a division of Reed Elsevier. In 2005, Reed Business Information started the Quill Awards, a literary award broadcast on NBC. (RBI RBI abbr. Baseball runs batted in Noun 1. rbi - a run that is the result of the batter's performance; "he had more than 100 rbi last season" run batted in ), a member of the Reed Elsevier Plc group, a world leading publishing and information provider. RBI has also made an equity investment in CheMatch.com. Reed Business Information publishes magazines such as European Chemical News and Asian Chemical News and owns chemical pricing service ICIS-LOR and the web-based information service CNI (1) (Certified NetWare Instructor) See Novell certification. (2) (Coalition for Networked Information, Washington, DC, www.cni.org) A partnership of the Association of Research Libraries, CAUSE and EDUCOM, founded in 1990. . As part of this agreement, CheMatch.com will deliver RBI products on its websites. In turn, CheMatch.com will work closely with RBI to provide information and analytics on the digital chemicals market. "The Internet is creating a new business environment for the chemical industry, one where success increasingly depends on access to important market and industry data. As a net market maker, CheMatch.com delivers value not only by enabling the transaction, but also by delivering relevant, actionable and timely information," said Kevin Boyle, vice president of information services See Information Systems. at CheMatch.com. "CheMatch.com's Internet exchange provides its participants with a window on the market, delivering previously unavailable real-time pricing and market data. The RBI relationship unleashes considerable synergies in disseminating and creating information for this Internet-enabled marketplace. Moreover, RBI's position as the leading supplier of global information complements our strategy of building a seamless global marketplace for the $1.6 trillion chemical industry," said Carl McCutcheon, chairman, president and 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 CheMatch.com. "Reed Business Information is a leading provider of information to managers in the global chemical industry. We are committed to sustaining our position in electronic business models. Alliances with leading market makers like CheMatch.com are key to developing the vast potential for critical industry information in the chemical space," said Reed Business Information Managing Director James Blazeby. About Reed Elsevier and Reed Business Information Reed Elsevier is a world leading publisher and information provider with its principal operations in North America and Europe. Its two parent companies, Reed International Plc ("Reed International") and Elsevier NV ("Elsevier") are listed on the Amsterdam, London and New York Stock Exchanges. Reed Business Information, a leading international business to business publisher, is a member of the Reed Elsevier Plc group. It offers a portfolio of some 100 market leading publications, newsletters, directories and reference books, electronic products, online services, industry conferences and awards, covering over 25 markets in the UK, USA and Asia. About CheMatch.com CheMatch.com ( http://www.chematch.com ) is a global Internet exchange and information resource for buying and selling bulk commodity chemicals, plastics and fuel products. CheMatch.com creates a seamless, global marketplace where users can trade 24 hours a day, seven days a week. Strategic and financial investors include Battery Ventures, Bayer AG (NYSE NYSE See: New York Stock Exchange :BAYZY)(FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. :BAYG.F), Computer Sciences Corporation (NYSE:CSC), DuPont (NYSE:DD), Millennium Chemicals (NYSE:MCH See Intel Hub Architecture. ), Reed Business Information, a member of the Reed Elsevier Plc group, Sprout Group, Stolt-Nielsen S.A. (Nasdaq:STLTF), (Nasdaq:STLBY), (Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. :SNIB snib tr.v. snibbed, snib·bing, snibs Chiefly British To latch (a door or window): "[The] window is snibbed on the inner side" ) and TownsendTarnell Inc. Headquartered in Houston, CheMatch.com has international offices in the United Kingdom, Singapore and Tokyo. CheMatch.com companies have served the chemical industry since 1995. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion