Corio Leads Market Momentum with Two More Customer Go Lives; LoanCity.com and Hoyts Cinema Now Live on Corio Intelligent Enterprise.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.--(BUSINESS WIRE)--Dec. 8, 1999-- Corio, Inc., today announced that two more customers have gone live on hosted solutions featuring sophisticated business applications. LoanCity.com and Hoyts Cinema are the latest Corio customers to go live on the Corio Intelligent Enterprise(TM). Because of Corio's ongoing innovation within the 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). mold mold, name for certain multicellular organisms of the various classes of the kingdom Fungi, characteristically having bodies composed of a cottony mycelium. The colors of molds are caused by the spores, which are borne on the mycelium. , Corio's customers continue to go live more rapidly than ever before, thereby validating val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. the ASP model as a preferred option for many customers. LoanCity.com, the world's largest source of residential mortgage loans for brokers, recently went live on PeopleSoft's HR applications that reside within the Corio Intelligent Enterprise(TM). "As the technology leader in the mortgage banking industry, we are interested in utilizing only the most robust enterprise software applications," said Jim Dybalski, chief technology officer at LoanCity.com. "Corio provides us with fast implementation of powerful applications in a cost-effective manner with minimal disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. to our IT infrastructure and business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets ." "With our conversion to the Corio platform we now have the stability and depth needed for one of our mission critical applications," added Jim Barry of Hoyts Cinema. "Managing technology internally is an even greater challenge for a company like ours, because we simply are not a technology company. We are a rapidly growing movie theater chain. I think we represent a growing cross section of non-technology companies that have chosen to eliminate the management and ownership of IT systems. It just makes more sense for companies like us." Corio utilizes a comprehensive implementation methodology to bring customers live on applications from BroadVision, Cognos, Commerce One, PeopleSoft and Siebel. Corio works closely with the customer to determine the scope of work and then utilizes its FastLane Implementation Methodology(TM) to offer rapid implementation and comprehensive training for those who will use the application. "Corio continues to provide the necessary proof points to validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data the long-term success of our ASP model. We were the first to provide the proof-of-concept by bringing Excite live on a hosted solution in 1998. Now with a growing number of live customers, the industry is poised for a period of explosive growth. It is clear we are moving out of the early adopter phase. Very quickly, we will start seeing a massive rush of customers `crossing the chasm' to incorporate the value that an ASP delivers to their business models," predicted George Kadifa, 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. of Corio. About Corio, Inc. Corio, Inc. is the leading enterprise application service provider (ASP) for high-growth companies. Corio enables eBusiness by offering integrated application solutions over a secure network for a monthly fee. Corio's integrated suite features BroadVision, Cognos, Commerce One, PeopleSoft 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. applications. Customers immediately gain the benefits of a comprehensive eBusiness infrastructure without bringing the associated costs, complexity and IT challenges in-house. 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, with 15 offices across the U.S. Additional information about Corio is available at http://www.corio.com. Note to Editors: Corio and Corio Intelligent Enterprise are trademarks of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners. |
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