Corio Launches Corio Intelligent Enterprise; Model of the Next Generation ASP -- Offers Access to an Integrated Suite of Business Applications for a Monthly Fee.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Nov. 9, 1999-- Corio, Inc. today announced a landmark for the application service provider (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). ) industry with its unveiling of the Corio Intelligent Enterprise(TM). Corio has developed a modular solution featuring pre-integrated business applications and services from leading vendors. The Corio Intelligent Enterprise(TM) extends to every functional area of a business. As announced separately today, Corio has signed partnerships with BroadVision, Cognos and Commerce One to enable eBusiness, decision support and business-to-business e-procurement capabilities respectively within the Corio Intelligent Enterprise(TM). As previously announced, PeopleSoft powers Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. while 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. applications drive Customer Relationship Management. This trail-blazing model puts a stake in the ground as to what customers should expect from the next generation of ASP offerings. Customers access a single application or any combination of applications in the Corio Intelligent Enterprise(TM) for a monthly fee. There is no need to address the technology challenges that come with selecting front-office, back-office and eBusiness applications from multiple vendors. The Corio Intelligent Enterprise(TM) offers each of the applications from a common technology platform eliminating the need to integrate each application for each customer. The applications are integrated once and deployed everywhere resulting in the lowest possible total coast of ownership (TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ) for customers. "Corio's ability to offer an integrated group of applications for each functional area of my business is very powerful," said Virender Ahuwalia, head of finance at Corio customer Vertical Networks. "With access to applications from BroadVision, Cognos, Commerce One, PeopleSoft and Siebel Systems, we have a complete IT infrastructure that can support and spur our growth." The technology platform powering the Corio Intelligent Enterprise(TM), called Orion, is based on technology tools including Active Software, Netegrity and others and has been enhanced by Corio's own engineering organization. Additionally, Orion offers a simplified interface through single sign-on An identification system that lets users log into multiple Web sites on the Internet with one username and password. Single sign-on systems are also used within an enterprise, enabling users to access all authorized resources in the local network using the same username and password. capabilities based on a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. directory framework. In partnering with the market leaders in their respective categories, the Corio Intelligent Enterprise(TM) offers the most comprehensive capability to any type of customer, allowing them to scale as growth demands. Whether the customer wants to capture business through their web site, automate To turn a set of manual steps into an operation that goes by itself. See automation. human resource or financial processes, or gain end to end eBusiness capability, the Corio Intelligent Enterprise(TM) can automate nearly any business process. No one vendor can provide the business capabilities that a company needs across all functional areas. Subsequently, solutions from different vendors are required and a business is forced to invest significant amounts of time and money to integrate and manage the applications in an increasingly complex environment. The Corio Intelligent Enterprise(TM) eliminates this pain by pre-integrating the applications and services and offering them over a secure network, managed by Corio, for a monthly fee. The Corio Intelligent Enterprise(TM) is managed at Corio's Application Management Center. When the independent software vendors (ISVs) issue modifications or new releases, Orion, greatly simplifies the associated upgrade path. "Corio is making a statement," explains George Kadifa, Corio's 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. . "An ASP needs to innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. and solve a customer's real technology problems, not simply host a single application. Our deep roots in the applications business combined with our world class management and engineering teams allow us to push the boundaries of the ASP industry. By introducing the Corio Intelligent Enterprise(TM), we have succeeded in establishing the bar by which prospective customers should measure an ASP." About Corio, Inc. Corio, Inc. is the leading enterprise application service provider (ASP) for high-growth companies. Corio enables eBusiness by offering an integrated application solution over a secure network for a monthly fee. Corio's integrated suite features BroadVision, Cognos, Commerce One, PeopleSoft and Siebel Systems applications. Customers immediately gain the benefits of a comprehensive eBusiness infrastructure without bringing the associated costs, complexity and IT challenges in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. . 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. , Corio is headquartered in Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif., with 15 offices across the U.S. Additional information about Corio is available at http://www.corio.com. Corio and Corio Intelligent Enterprise are trademarks of Corio Corp. All other product and company names mentioned herein may be the trademarks of their respective owners. |
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