Commerce One Redefines Electronic Commerce with World's Largest, Open Business-to-Business Marketplace.WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif.--(BUSINESS WIRE)--March 29, 1999-- Industry Leader Announces Open Marketplace, New Products and Services, and New Customers In a series of bold announcements made today, Commerce One, Inc. unveiled plans to change the face of the business-to-business e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. market. Commerce One has enabled the world's largest business-to-business trading community comprised of interoperable The ability for one system to communicate or work with another. See interoperability. marketplaces deployed across three key geographies currently representing a total annual buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. of $161 billion. Together these announcements offer unprecedented economies of scale for buying organizations, suppliers and commerce service providers across the globe. Specifically Commerce One announced:
-- Commerce One MarketSite 3.0, Open Marketplace Platform; a
software platform to build new marketplaces and link existing
trading communities. MarketSite 3.0 provides the ideal platform
to enable the creation of horizontal, regional and vertical
marketplaces linked together to create a virtual trading web.
-- Commerce One MarketSite.net, a B to B Marketplace Portal, built
on the MarketSite platform that interoperates with Commerce One
BuySite, Electronic Procurement Application and other leading
buying and selling applications. Additionally, MarketSite.net
delivers a comprehensive set of new global commerce services.
-- Collaboration with world-class market makers, including BT, to
build additional marketplaces that will interoperate with
MarketSite.net to form the world's largest business-to-business
marketplace. This creates the opportunity for buyers to reach an
unprecedented set of global suppliers, while giving suppliers
access to the Internet's largest B to B marketplace.
"Commerce One has taken the concept of real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , dynamic trading and redefined it for the 21st Century. No other company to-date has delivered this kind of solution to the market," said Mark Hoffman, 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 Commerce One. "Today's announcements shift the playing field to a whole new generation of e-commerce. By developing an open platform and joining forces with industry leaders to deliver open marketplaces that interoperate See interoperable. , we are providing unlimited opportunities for trading partners that participate in this global trading community." Commerce One MarketSite.net - Open Today In a separate announcement issued today, Commerce One also launched Commerce One MarketSite.net, the first open business-to-business marketplace portal for electronic procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , providing unprecedented services and interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. with numerous buying and selling applications as well as other portals in the market. (See MarketSite 3.0/MarketSite.net press release.) MarketSite.net is built on the MarketSite platform, which has supplied transaction and content management services to buyers and suppliers since March 1998. Commerce One has dramatically expanded the breadth and reach of the marketplace portal by making MarketSite.net accessible by popular buying and selling applications, in addition to access through Commerce One BuySite, Electronic Procurement Application. MarketSite.net is now available to buying organizations using Rightworks' ProcureWorks buying application and SAP's R/2 and R/3 purchasing modules. MarketSite.net is also accessible by suppliers using only a browser browser Software that allows a computer user to find and view information on the Internet. The first text-based browser for the World Wide Web became available in 1991; Web use expanded rapidly after the release in 1993 of a browser called Mosaic, which used or by integrating with suppliers' websites built with popular selling solutions such as those offered by Intershop or Microsoft Commerce Server Microsoft Commerce Server is a Microsoft tool for building e-commerce systems. It uses Microsoft .NET technology. Commerce Server replaced Microsoft Site Server. Versions for Windows
"We are excited to be a part of revolutionizing the way business-to-business electronic commerce is conducted," said Donald Bielinski, group president of W.W. Grainger, the leading business-to-business distributor of maintenance, repair, and operating (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) supplies and related information. "The interoperability between our commerce portals, Grainger.com and MarketSite.net, will allow us to leverage our comprehensive content, reach new prospects and better service our existing customers." "RightWorks' ProcureWorks customers will have the opportunity to access a large supplier base and its catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. content through our work with Commerce One," said Vani Kola kola: see cola. , CEO, president and founder of RightWorks Corporation. "Commerce One's open strategy, the basis for the Commerce One MarketSite, is a major step for our industry and will be of great benefit to both buying and supplying communities." "Intershop shares Commerce One's vision of a marketplace with online dynamic trading communities," said Ed Callan, vice president of marketing for Intershop Communications, Inc., one of the world's largest providers of electronic commerce software. "Working with Commerce One will open up a tremendous opportunity for Intershop customers by enabling them to reach a powerful new sales channel through the MarketSite commerce portal." MarketSite.net also delivers a comprehensive set of business services including payment services from American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , GE Capital and Verifone; tax services through an alliance with TAXWARE; and web-based transportation and information services See Information Systems. provide by UPS and TanData. By building these marketplace services directly into the MarketSite.net portal, all members of the trading community can easily benefit from these services without having to install additional software or do point-to-point integration with these third-party service providers. "MarketSite.net will enable us to have more efficient communications with our suppliers, thereby further increasing the efficiency of our Field operations and of our procurement professionals," said Alain-Michel Diamant-Berger, procurement process leader of Schlumberger Oilfield Services Schlumberger Oilfield Services, a division of Schlumberger Limited, is the world’s largest supplier of exploration and production (E&P) services, solutions and technology to the international petroleum industry. , the leading supplier of services and technology to the international oil and gas industry. "We will also gain access to new suppliers through this open portal and be able to leverage the multiple value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. it offers." Commerce One MarketSite 3.0 Commerce One also announced today Commerce One MarketSite 3.0, Open Marketplace Platform to provide organizations such as BT, NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform and other regional and vertical market makers with the software platform to build open marketplaces that will interoperate. This open platform accelerates the creation of business marketplaces. Additionally, MarketSite 3.0 delivers the following value-added marketplace services:
-- Managed Content - utilizing a unique publish once, in any format,
model that removes the burden and cost of managing electronic
content from both buyers and suppliers.
-- Automated Transaction Support - enables real-time automated
buying and selling between trading partners, supporting
heterogeneous systems and multiple transaction types.
-- Business Services - includes shipping, tax and payment services.
-- Hosted Applications - will deliver hosted applications targeted
at the small and medium enterprise market. Applications include a
hosted procurement application for buyers and hosted order
management for suppliers.
Additionally, MarketSite 3.0 features breakthrough XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. technology that eliminates the need for expensive customer point-to-point integration. It creates truly open trading communities where buyers and suppliers can register and immediately transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting with any registered user. (See MarketSite 3.0/MarketSite.net press release for more details) "The electronic procurement market has gone through several generations and today's announcement marks the beginning of its next generation," said Jay M. Tenenbaum, VP and Chief Scientist at Commerce One and former Chairman of Veo Systems, the company that pioneered XML-based commerce. "The first generation systems focused on automating catalogs within the buying organization and the second generation rushed to link buying and supplying organizations together in a shared environment with real-time capabilities. Now we are witnessing the third generation, namely, the ability to create open, dynamic highly scalable marketplaces that offer unprecedented benefits to the entire trading community." Unrivaled Alliances and Industry Support For Open Interoperable Marketplaces Commerce One is working with BT to establish a marketplace in the U.K. as well as other market makers to establish geographical and vertical marketplaces (see BT press release issued on February 24, 1999, and NTT press release issued today). Each marketplace that is developed on MarketSite will interoperate with MarketSite.net to form the largest open marketplace in the world, allowing users anywhere to trade with partners connected to any marketplace and access the services offered through each marketplace. Commerce One also announced unprecedented industry support for MarketSite from over 40 market leaders, including industry standards organizations A standards organization, also sometimes referred to as a standards body, a standards development organization or SDO (depending on what is being referenced), is any entity whose primary activities are developing, coordinating, promulgating, revising, amending, , software and services providers, buying organizations and supplying organizations. (See Industry Support press release issued today.) Leadership Momentum With over 20 enterprise customers, Commerce One is a market leader in the business-to-business e-commerce marketplace. Today's announcements solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. that leadership role through the largest marketplace available to buying and selling organizations. Unlike other solutions in the marketplace, Commerce One is the only company delivering an open commerce platform that supports multiple buying and selling applications and enables multiple marketplaces to interoperate together to create the largest marketplace in the world. About Commerce One Commerce One is the leading provider of electronic commerce solutions that dynamically link buying and supplying organizations into real-time trading communities. The Commerce Chain Solution by Commerce One, comprised of Commerce One BuySite and Commerce One MarketSite, enables companies to significantly reduce operational costs and increase efficiency by automating the entire indirect goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. supply chain. As a result, enterprise organizations are able to realize a strategic competitive advantage as well as a rapid return on investment. Commerce One is located in Walnut Creek, Calif. and can be reached by phone at (800) 308-3838 or (925) 941-6000 or via the Internet at http://www.commerceone.com. Commerce One, Commerce Chain, BuySite, MarketSite, MarketSite.net and Marketplace Portal are either trademarks or registered trademarks of Commerce One. Other product and company names mentioned herein may be the trademarks of their respective owners. |
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