Corio to Offer ASP Services for Commerce One eMarketplace Customers.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)--Oct. 3, 2000 Corio, Inc. (Nasdaq:CRIO CRIO COMSEC Regional Issuing Officer cRIO Compact Reconfigurable Input Output (National Instruments) ), a leading enterprise 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). ), today announced that it has signed a definitive agreement to provide ASP services to customers that have purchased a Commerce One license for MarketSite Portal Solution. This agreement extends Corio's alliance with Commerce One, announced in January 2000. As the only "pure play" ASP able to offer hosting services for the e-procurement and e-marketplace software necessary to power buyers, sellers and electronic marketplaces, Corio plans to complete Commerce One's certification process and will host MarketSite(TM) Portal Solution and Net Market Maker(TM) Solution. "Corio can now help Commerce One customers establish and run e-marketplaces without having to deal with the software infrastructure," said 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. . "Through our operational `centers of excellence,' we will strive to continue to deliver world class service to customers." As key components of Corio's eBusiness application footprint, Commerce One's MarketSite Portal Solution and Net Market Makers e-commerce solutions can enable Commerce One customers to dynamically link buying and supplying organizations into real-time trading communities. Corio plans to integrate these applications with other applications such as SAP, PeopleSoft and Siebel through Orion, Corio's technology platform. These integrations will allow for transactions that occur within the marketplace to be registered in ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. or CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. applications that are also hosted by Corio. "We are excited to extend our relationship with Corio to offer application management services to MarketSite and Net Market Makers customers, as well as partners that do not currently offer these services," said Kevin Schick, vice president, product marketing, Commerce One. "We view this partnership as a potent combination that allows companies to get to market quickly and cost-effectively." About Corio, Inc. Corio is a leading enterprise application service provider, or ASP. Corio implements, integrates and manages the Corio Intelligent Enterprise, a suite of enterprise software applications from leading vendors such as BroadVision, Commerce One, E.piphany, Microsoft, Moai, PeopleSoft, Portal Software Portal Software was founded in 1985 as Portal Information Network, one of the first ISPs in the San Francisco Bay Area. It was founded by John Little. The company offered its own interface through modem access that featured Internet email. , 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 is headquartered in San Carlos, Calif., with 15 offices across the U.S. Additional information about Corio is available at http://www.corio.com. Corio is a trademark of Corio, Inc. Commerce One, BuySite, MarketSite,net and Net Market Makers are either trademarks or registered trademarks of Commerce One, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners. 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 news 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. Words such as "will", "plans", "to" and other similar expressions identify these forward-looking statements. Forward looking statements herein include statements regarding Corio hosting Commerce One software for customers and integrating Commerce One software applications. 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 limited history of offering ASP services and the fact that we operate in a new industry with a rapidly-evolving business model; any inability to address the significant complexities associated with hosting and integrating exchanges; any failure of the market to accept hosted exchanges in general and exchanges hosted by third parties; our dependence on third party software vendors for the software necessary to provide our services; our ability to address security and system failure risks; 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. |
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