Commerce One Helps Tenovis Optimize Its Strategic Purchasing Processes; Commerce One Solutions Deliver Cost Savings and Improved Efficiencies to Telecommunications Industry.Business Editors/Technology Writers PLEASANTON, Calif. & MUNICH, Germany--(BUSINESS WIRE)--Dec. 9, 2002 Commerce One, (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ) today announced that Tenovis, a German communication service provider, has selected Commerce One solutions to streamline its purchasing processes. Commerce One will help Tenovis standardize and integrate its source-to-pay process, including supplier selection, supplier performance management, and online negotiations. Competition and cost pressure in the telecommunications industry is intense as the industry rapidly evolves due to the deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the telecommunications market, ongoing consolidation, and technology convergence. Commerce One provides leading telecommunications companies such as Tenovis the business advantages they need to lower operating costs operating costs npl → gastos mpl operacionales and maintain a competitive edge by streamlining their sourcing and purchasing processes and optimizing supplier portfolios. Commerce One has proven its industry leadership in the telecommunications sector and its capability to deliver significant business value. Commerce One telecommunications customers include Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. , running one of the largest e-procurement installations with more than 20,000 users, British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. , Cable & Wireless, Telecom Italia Telecom Italia is formerly a partially state-owned Italian telco. It was once known as SIP, and it has the largest user base in Italy. Telecom Italia also owns shares in Telecom Argentina and Telecom Personal, fixed and cellular networks in Argentina. , and Swisscom. "We selected Commerce One for its modularity, ability to easily integrate with our 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. systems and expand to additional e-commerce initiatives," said Friedhelm Luttecke, head of purchasing at Tenovis. "With an optimized supplier base, we can now implement processes that will help us make the right decisions and consider overall costs for the company. Electronic processes will replace routine tasks and employees will be free to pursue more strategic objectives. By using Commerce One's solutions, Tenovis is not only offering its clients effective solutions, but is also putting a strong emphasis on business efficiencies." "Commerce One has a long-standing history of helping trading partners in the telecommunications industry communicate more effectively," said Narry Singh, senior vice president of marketing for Commerce One. "We are pleased that our track record of success will continue as we work with Tenovis." About Commerce One Commerce One (Nasdaq:CMRC) is a software company dedicated to helping customers connect and optimize applications and business processes throughout and between enterprises to improve business productivity. Initially focusing on the supply chain, where customer demand is greatest, Commerce One solutions streamline the sourcing and procurement process and make the supply chain more flexible. For more information go to www.commerceone.com. About Tenovis Since April 2000, Tenovis, the former Private Network Division of Bosch Telecom GmbH, belongs to the American Private Equity Firm KKR KKR Korringa-Kohn-Rostoker (method) KKR Kohlberg, Kravis & Roberts & Co. KKR Kalkara (postal locality, Malta) KKR Kramers-Kronig Relations KKR Komarappa Gounder Ramalingam (hospital in India) (Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. & Co.). With 6,500 employees worldwide and 82 service centers in Europe, Tenovis has more than a 20% market share in the business communication segment in Germany, and a solid base of a billion Euro turnover in 2000. Tenovis has 200,000 customers including Bertelsmann, BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , FC Bayern Munich FC Bayern Munich (German: FC Bayern München) are a German sports club based in Munich, the capital of Bavaria. Bayern Munich is one of the most successful clubs in football history. , HypoVereinsbank, VW and a large number of medium-sized companies. The modular design In the context of systems engineering, modular design — or "modularity in design" — is an approach aiming to subdivide a system into smaller parts (modules) that can be independently created and then used in different systems to drive multiple functionalities. of its communications systems enables Tenovis to offer customized solutions for every company, independent of its size or business sector. This includes ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. systems of different dimensions, computer based telephony, data transmission, video conferencing and company-wide data networks including corresponding security systems and other services, like cost management. Tenovis has key competences in design, planning and implementation of systems with full speech- and data-integration. Tenovis is backed up by KKR, one of the worldwide leading investment companies. Founded 1976 in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , KKR has invested approximately $100 billion in the past 25 years. In Europe alone, KKR bought companies worth $3.5 billion since 1995. Forward Looking Statements This press release includes forward-looking statements within the meaning of the securities laws. These forward-looking statements discuss the anticipated benefits of Commerce One software solutions, including their ability to streamline purchasing processes, lower operating costs, and enhance competitiveness. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Commerce One are intended to identify such forward-looking statements. These statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These factors include, but are not limited to, the possibility that the Commerce One solutions may not meet user expectations, and various external factors, including economic conditions, that may impact demand for Commerce One products or the results obtained by particular customers. The information provided in this press release is current as of the date of its publication. Commerce One expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any changes in expectations, or any change in events or circumstances on which those statements are based, unless otherwise required by law. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2002. Commerce One is a registered trademark of Commerce One Operations, Inc. All other company, product, and brand names are trademarks of their respective owners. |
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