Corio Announces Recent Customer Wins.Business Editors/High-Tech Writers SAN CARLOS San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , Calif.--(BUSINESS WIRE)--Jan. 17, 2001 Corio Corio may refer to
cRIO Compact Reconfigurable Input Output (National Instruments) ), a leading application service provider, today announced significant customer wins including Hitachi Hitachi (hētä`chē), city (1990 pop. 202,141), Ibaraki prefecture, E central Honshu, Japan, on the Kashima Sea. The city is a leading producer of Japan's electrical equipment. America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. , Ltd., Elemica Holdings Limited, ForestExpress and Coreon, Inc. Each of these hosted solutions is expected to be operational before the end of the first quarter. -- Hitachi America, the wholly owned subsidiary of $75.5 billion Hitachi, Ltd., markets and manufactures a broad range of electronics, computer systems and products, consumer electronics and semiconductors, and provides industrial equipment and services throughout North America. Hitachi America selected Corio to host and manage SAP R/3 Financials and Sales for 350 users throughout North America. The enterprise application, which was previously deployed internally at Hitachi America, will be migrated to Corio's ASP model. -- Elemica Holdings is a premier global electronic marketplace for the chemical industry. Elemica was formed by twenty-two of the world's leading chemical companies including Bayer, DuPont, Mitsubishi Chemical, CHEMCENTRAL and others, to address supply chain inefficiencies. Elemica selected Corio to host and manage a set of leading enterprise applications. The initial release of Elemica's solution was operational in record time -- completing its first transaction on January 1, 2001. -- ForestExpress (www.forestexpress.com), an e-commerce marketplace dedicated to the paper and forest products industry, fundamentally improves the way people buy and sell forest products by enabling buyers and sellers with the ability to simplify transaction processes, improving information flow and increasing speed of delivery, thereby reducing costs. Equity partners include Boise Cascade Corporation, Georgia-Pacific Corp., International Paper, The Mead Corporation, Weyerhaeuser Co. and Willamette Industries, Inc. ForestExpress selected Corio to host and manage SAP R/3 Financials and Human Resources; Commerce One and SAPMarkets; MarketSet(TM), a comprehensive e-marketplace solution; and Moai Technologies LiveExchange(TM). -- Coreon Inc. is the nation's premier Operations Service Provider (OSP) for broadband telecommunications service providers seeking competitive advantage in speed-to-market with new services. Coreon's OSP model offers outsourced provisioning and network operations centers for broadband carriers demanding reliability, predictability and scalability. Coreon selected Corio to host and manage PeopleSoft 8.0 Financials. These customers turned to Corio for world-class world-class adj. 1. Ranking among the foremost in the world; of an international standard of excellence; of the highest order: a world-class figure skater. 2. hosting and management of their enterprise and 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. applications. "We selected Corio because they offered a comprehensive and reliable solution," said Mas Ishigaki, general manager of the Information Technology Group of Hitachi America. "We evaluated a number of ASPs and Corio offered a state-of-the-art infrastructure and applications expertise that provided the value and services we required." "Each of these new customers represents an important achievement for us," said George Kadifa, 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. and president of Corio. "We have experienced continued momentum across various enterprise applications and especially with e-commerce applications where our infrastructure and application expertise are critical components in the execution of electronic marketplaces. These customer wins further demonstrate that enterprises of all sizes look to Corio for world-class ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). services when time to benefit and project economics are important." About Corio, Inc. Corio (Nasdaq:CRIO), a leading application service provider, delivers, hosts and manages best-of-breed enterprise applications and infrastructure services for a monthly fee. Corio's application suite, the Corio Intelligent Enterprise, features leading vendors such as BroadVision, Changepoint, Commerce One, E.piphany, Microsoft, Moai, PeopleSoft, Requisite, SAP and Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. . Corio's infrastructure suite, the Corio Intelligent Infrastructure, features modular application delivery and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Corio is headquartered in San Carlos, Calif., with 15 offices across the U.S. Additional information about Corio is available at http://www.corio.com. 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. : Matters discussed in this release involving expectations, beliefs, plans, projections, intentions, or strategies are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and are made under their safe-harbor provisions. Forward-looking statements herein include statements regarding the migration of customers to Corio's model, statements suggesting that momentum is being demonstrated by customer wins and any statements regarding the timing of the implementation of these customers or the anticipated effectiveness of Corio's solution. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Some of the specific factors that may cause actual results to differ include: our ability to implement the contracted solutions for these customers successfully, in a timely manner, and within the expected cost, including any risks associated with the unique business needs of each customer; any lack of acceptance of and demand for Corio's offerings in the marketplace; our limited history of offering ASP services and the fact that we operate in a new industry with a rapidly-evolving business model; the fact that network exchanges are a relatively new business model and that they may or may not succeed; our dependence on third party software vendors for the software necessary to provide our services and the possible termination of our agreements with such vendors; our ability to address migration-related issues; and our ability to adapt our services for rapidly changing technology. Additional risks that could cause actual results to differ materially from those projected are discussed in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . Corio undertakes no obligation to publicly release the results of any revision to these forward-looking statements that may be made to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date hereof or to reflect the occurrence of unanticipated events. Corio is a trademark of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners. Other names herein may be the property of their respective owners |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion