Commerce One and Cap Gemini Ernst & Young Global Alliance to Provide Complete B2B E-Marketplace Solutions.Business/Technology Editors 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 & PLEASANTON, Calif.--(BUSINESS WIRE)--Sept. 18, 2000 Cap Gemini Ernst & Young to Become a Preferred Global Alliance Partner of Commerce One and Train and Deploy Dedicated Consultants to Implement Commerce One Solutions At the eLink 2000 Conference in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. today, Commerce One 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 : 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) ), the global leader in business-to-business electronic commerce solutions, and Cap Gemini Ernst & Young U.S. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an entity of one of the largest management and IT consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a in the world, today announced preliminary plans to expand their existing relationship and form a strategic global alliance to help companies create e-marketplaces for business-to-business trading and electronic commerce. Cap Gemini Ernst & Young will implement Commerce One's e-commerce solutions for companies across a variety of industries, including financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , healthcare and high tech. Definitive agreements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc this alliance are expected to be executed by Commerce One and Cap Gemini Ernst & Young in the fourth quarter of 2000. As a Commerce One preferred global alliance partner, Cap Gemini Ernst & Young will train and deploy hundreds of consultants worldwide to implement Commerce One e-marketplace solutions. Cap Gemini Ernst & Young will dedicate a team of several hundred Commerce One-trained specialists offering e-strategy and implementation services in 2001 and more than 1,000 by the end of 2002. "Commerce One is a clear leader in B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. solutions," said Michael Murphy Michael Murphy may refer to:
Commerce One and Cap Gemini Ernst & Young plan to promote the alliance through joint marketing and sales efforts. "We're excited about partnering with an industry leader such as Cap Gemini Ernst & Young in creating, building and connecting business-to-business e-marketplaces," said Chuck Donchess, executive vice president and chief strategy officer, Commerce One. "We believe that Cap Gemini Ernst & Young, with its integration capabilities and experience in e-procurement, e-strategy, auction services and strategic sourcing, will strengthen our position in the marketplace through a powerful combination of technology and services." Building on Successful Joint Efforts Commerce One and the Cap Gemini Ernst & Young group have already successfully collaborated on e-marketplace projects in the financial services and healthcare industries. The two organizations created an e-marketplace for the French Banking Consortium, whose members include Societe Generale, BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. and Credit Agricole. The cross-industry e-marketplace supports a wide variety of secure online transactions and acts as a hub for the Global Trading Web in France. The two organizations also created an e-marketplace for empactHealth that provides e-commerce capabilities for member hospitals, suppliers, licensees and retailers. Through the empactHealth e-marketplace, buyers and sellers can place and process orders, manage catalogues, fulfill order approvals and manage deliveries. About Cap Gemini Ernst & Young Cap Gemini Ernst & Young group is one of the largest management and IT consulting firms in the world. The company offers management and IT consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" , systems integration, and technology development, design and outsourcing capabilities on a global scale to help traditional businesses and "dot companies" continue to implement growth strategies and leverage technology in the new economy. The organization employs more than 55,000 people worldwide and reports global revenues of 7.7 billion euros (1999 pro > forma). More information about individual service lines offices and research is available at www.capgemini.com. About Commerce One Commerce One (NASDAQ: CMRC) is the leader in global e-commerce solutions for business. Through its products, portals, and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Commerce One Global Trading Web (TM) is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. Commerce One is located in Pleasanton, Calif., and can be reached by phone at (800) 308-3838 or (925) 520-6000 or via the Internet at http://www.commerceone.com/. Forward Looking Statements The foregoing paragraphs include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning the establishment of an alliance between Commerce One and Cap Gemini Ernst & Young (CGEY CGEY Cap Gemini Ernst and Young (IT consulting firm) ), the expected number of CGEY consultants and specialists implementing the exchange solutions, the expected joint marketing and sales efforts, the integration capabilities and experience of CGEY in the field, the expected delivery of stronger eMarketplace offerings and the expected strengthening of Commerce One's market position. These statements are subject to risks and uncertainties. Actual results may differ materially from those described in such statements as a result of a number of factors. These factors include, but are not limited to, the risk that the parties will not come to agreement and execute definitive agreements with respect to the relationship described above, the possibility that the final terms of the relationship are dissimilar to the terms described above, including the number of CGEY consultants and specialists implementing the exchange solutions and joint marketing and sales efforts, the risk that Commerce One's market position may not strengthen despite a successful implementation of the e-marketplaces, the possibility that the e-marketplaces will not gain general acceptance, general economic conditions, intense and increasing competition, and the extent of customer adoption and utilization of the e-marketplaces. 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 annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999 and its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2000. Commerce One, Many Markets,One Source, Global Trading Web, BuySite, MarketSite, Global Trading Platform, Common Business Library, 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. Development Kit, XML Commerce Connector, MarketView, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. All other company, product, and brand names are trademarks of their respective owners. |
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