CommerceQuest to Offer Open Ratings Through enableNet Business Park.Business/Technology Editors FORT LAUDERDALE, Fla. and BOSTON--(BUSINESS WIRE)--Nov. 13, 2000 Leading Vendor Decision Support Tools Co-Developed by Open Ratings and Dun & Bradstreet Increase Trading Confidence for CommerceQuest Users Open Ratings, the global standard for supplier performance ratings, and CommerceQuest, a leader in business integration, today announced an alliance to offer Open Ratings' supplier performance ratings to CommerceQuest's enableNet Business Park users. This offering allows CommerceQuest to offer a dynamic resource to users of the enableNet Business Park that assists buyers in monitoring existing suppliers and reduces uncertainty in dealing with new vendors -- creating a more trusted, safer environment. Additionally, suppliers have the ability to compare buyer feedback and benchmark their performance against other industry players. Through its strategic alliance with Dun & Bradstreet (NYSE NYSE See: New York Stock Exchange : DNB DNB Dictionary of National Biography DNB Drum N Bass (music) DNB De Nederlandsche Bank DNB Dun & Bradstreet (stock symbol) DNB Den Norske Bank DNB David Nelson Band ), Open Ratings offers the only single-point solution for businesses to obtain and evaluate business-to-business (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 ) supplier performance information, providing increased trust and confidence to e-business transactions and expanding D&B's presence to the Web. The solution combines Open Ratings' patent-pending predictive scoring of a vendor's performance -- based on criteria including timeliness, responsiveness and reliability -- and D&B's global database of unbiased business information. D&B's database includes financial strength and operating history information about 60 million businesses around the world, making it the largest and most valuable of its kind. CommerceQuest is a trusted provider of business integration solutions that optimize e-business capabilities. The company's enableNet Business Park provides direct-connect access to business critical e-services for users of the company's premier B2B integration solution, the enableNet Managed Service. "Open Ratings is committed to increasing the confidence required for businesses to automate purchasing processes with both new and existing suppliers," said Stan Smith, 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. , president and founder of Open Ratings. "CommerceQuest, fortifying its mission of enabling end-to-end eBusiness, recognizes the business need for performance metrics and ratings when evaluating trading partners. By offering supplier performance ratings to its users, CommerceQuest is ensuring more successfully completed transactions for its enableNet users." "In developing the enableNet Business Park, we identified a customer need and an opportunity to increase the value of our services," said Colin Osborne, chairman of CommerceQuest. "By working with companies like Open Ratings - companies that provide crucial business services - we're able to supply a solution that delivers definitive business benefits to our users." The Open Ratings service Ratings Service A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. is available to enableNet customers immediately. About CommerceQuest CommerceQuest Inc. is pioneering end-to-end business integration that delivers improvements in business flexibility, effectiveness and efficiency. The company is a leading provider of integration solutions for the Global 2000, consortia and Net Market Makers. Its enableNet(TM) offerings seamlessly, rapidly and reliably integrate business processes and applications across geographically and technologically diverse boundaries. IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , ARINC ARINC Aeronautical Radio, Inc. ARINC Aircraft Radio Incorporated ARINC Aeronautical Research Incorporated , Ericsson, SIAC SIAC See: Security Industry Automated Corporation SIAC See Securities Industry Automation Corporation (SIAC). , and leading Net Market Makers including ICGCommerce, Commerx and e-Chemicals represent the growing list of customers employing CommerceQuest's enterprise and e-business integration solutions. CommerceQuest is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Tampa, Fla., with branch offices across the United States and operations in Australia, Europe, and South Africa. Founded in 1992, the company is an infrastructure services provider within Internet Capital Group's (Nasdaq:ICGE) collaborative network of Partner Companies. For more information, please contact CommerceQuest in the United States at 1-813-639-6300 or visit www.CommerceQuest.com. About Open Ratings Open Ratings is the global standard for supplier performance ratings across all business-to-business eMarketplaces. Open Ratings offers a sophisticated, unbiased supplier performance ratings service that is designed to help businesses make informed and confident online transaction decisions. Based in Boston, Mass., Open Ratings was founded in May 1999 by Pattie Maes, MIT Media Lab This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. e-commerce expert, Giorgos Zacharia, co-founder of the MIT MIT - Massachusetts Institute of Technology Media Lab's Agent-mediated Electronic Commerce (AmEC) Initiative, and Stan Smith, former vice president and general manager of Agile Software. Open Ratings' investors include Ampersand The ampersand (&) normally means "and" as in Jones & Company. However, in the computer world, it is used in various ways. In Windows, it is used as a code to precede an underlined character. Ventures, Atlas Venture and Dun & Bradstreet. More information about Open Ratings can be found at www.openratings.com or by calling 617-354-1232. |
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