Commerce One and Intershop Expand Strategic Alliance To Connect Suppliers To E-Marketplaces.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--Sept. 7, 2000 Companies Offer Customers Joint Sales and Marketing Efforts Commerce One, Inc. (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) ) and Intershop Communications (Neuer Markt: ISH ISH In Situ Hybridization ISH Isolated Systolic Hypertension ISH Irish Sport Horse ISH Intermediate System Hello ISH International Society of Hypnosis ISH Information Super Highway ISH International Superhits (Green Day album) ) today announced an agreement to expand the scope of their global strategic alliance to connect suppliers to e-marketplaces. The alliance is intended to allow Global 2000 suppliers to utilize Intershop-based solutions to fully leverage Commerce One MarketSite.net(TM), the U.S. e-marketplace for exchanging 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. among businesses worldwide, as a strategic Internet selling channel. This agreement is a preliminary, non-binding memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. . Definitive agreements are expected to be executed in the fourth quarter of 2000. As part of the agreement, Commerce One and Intershop will jointly promote and market e-commerce solutions in addition to aligning, educating and compensating their global sales forces to offer complementary solutions. Commerce One will also include Intershop as part of its supplier adoption efforts, which are aimed at increasing supplier participation in Commerce One-sponsored and industry-specific e-marketplaces. Furthermore, Intershop will recommend Commerce One products and services to its customers interested in procurement and enabling trading networks. "Commerce One and Intershop are enabling open access to worldwide markets, allowing trading partners to buy and sell goods and services on a global basis," said Mark Hoffman, chairman 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. "We believe that together Commerce One and Intershop can play a significant role in driving transactions across the Global Trading Web." "Increasingly, our customers are telling us that they want a simple e-commerce business model, that will Sell Anywhere - on their own sites as well as onto e-marketplaces," said Stephan Schambach, CEO of Intershop. "Now, through our expanded alliance with Commerce One, suppliers from all industries will be able to sell onto these e-marketplaces. Customers will benefit from robust solutions and leverage Intershop as a multi-channel Internet selling engine via Intershop enfinity, our flagship B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. solution." Commerce One and Intershop have partnered on a number of joint customer engagements, one example being Shell Chemical Co. Through arrangements such as this, suppliers will be able to manage e-marketplaces as Internet selling channels by presenting product catalogs and capturing orders, reducing costs while increasing revenue, reaching additional customers, accessing multiple markets and selling anywhere on the Internet. "Intershop enfinity was selected on the basis of its technical strengths as the platform for the Customer Lounge B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business site, where existing customers can buy products and services, which will shortly be piloted by a number of Shell chemical companies," said Susan Tholstrup, e-Business vice president at Shell Chemical Co. In addition, during the past six months, Intershop and Commerce One have worked on numerous efforts, for example the joint technical integration of Intershop enfinity into Commerce One MarketSite(TM), which will be demonstrated at the eLink conference from September 18 - 20 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. , Nevada. 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 headquarters are located in Pleasanton, Calif., and can be reached by phone at (800) 308-3838 or (952) 520-6000 or via the Internet at http://www.commerceone.com/. About Intershop Communications, Inc. Intershop Communications, one of the worlds leading providers of e-commerce applications and software solutions for the enterprise. Intershop's software offers the quickest time-to-market today with the greatest flexibility for tomorrow. In addition, Intershop e-commerce solutions enable customers to "Sell Anywhere" by supporting the widest range of current and rapidly emerging e-commerce business models. With more than 3,000 customers worldwide, Intershop include some of the world's largest commerce service providers and enterprises such as AltaVista, Shell, Concentric Coming from the center, or circles within circles. For example, tracks on a hard disk are concentric. Tracks on optical media are concentric or spiral shaped (in a coil) depending on the type. , 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. , Go2Net, Mindspring, Nortel, PSINet, U S West Dex DEX - A cross between Modula-2 and C by W. van Oortmerssen. Amiga version 1.2. , Bosch, Canon USA, Columbia-Tri Star, Compaq, Electronic Arts, Hewlett-Packard Company, Kraft, Lufthansa, Mercedes Benz Mercedes Benz expensive automobile and status symbol. [Trademarks: Crowley Trade, 368] See : Luxury U.S. International, Motorola, Sony and Waterstone's. Founded in 1992, Intershop is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden with offices in the U.S., Germany, France, Australia, Canada, Brazil, Sweden, Finland, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore and the United Kingdom and can be found on the World Wide Web at http://www.intershop.com. (c) 2000 INTERSHOP Communications, Inc. All rights reserved. INTERSHOP is a registered trademark of INTERSHOP Communications, Inc. All other company and product names are property of their respective owners. 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. 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 regarding the establishment of an alliance between Commerce One and Intershop to provide a combined E-commerce solution. 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 do not execute definitive agreements with respect to the alliance, the ability of the parties to execute on their plans for the alliance and to continue to support the alliance and the continued participation of buyers and suppliers in the Global Trading Web. 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 10Q for the quarter ended June 30, 2000. |
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