Correction - SourceTrack Builds Digital Marketplace on Bluestone Software.Business Editors/Hi-Tech Writers PHILADELPHIA--(BUSINESS WIRE)--March 2, 2000 Bluestone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. Software, Inc. (Nasdaq: BLSW) announced SourceTrack Builds Digital Marketplace moved, 2/29, we are advised by the company that minor corrections have been made to the original version. A text update follows. SOURCETRACK BUILDS DIGITAL MARKETPLACE ON BLUESTONE SOFTWARE Leading e-Procurement Services Provider Relies on Sapphire/Web(R) to Supply Flexible, Scalable, Bullet-Proof Application Infrastructure Bluestone(R) Software, Inc. (Nasdaq: BLSW), a leading provider of Enterprise Interaction Management software, today announced that SourceTrack, a leader in B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. purchasing, has selected Bluestone's award-winning Sapphire/Web(R) Application Server as the foundation for its flagship e-purchasing service. Available today, SourceTrack's e-purchasing service establishes a digital marketplace that unites suppliers and middle-market buyers, streamlining the purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements and reducing the costs of procuring office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). , computer technology, staffing services, and other indirect goods. With Sapphire/Web underpinning un·der·pin·ning n. 1. Material or masonry used to support a structure, such as a wall. 2. A support or foundation. Often used in the plural. 3. Informal The human legs. Often used in the plural. its e-purchasing service, SourceTrack has created an application infrastructure that offers unsurpassed scalability and fault tolerance See fault tolerant. (architecture) fault tolerance - 1. The ability of a system or component to continue normal operation despite the presence of hardware or software faults. This often involves some degree of redundancy. 2. , ensuring the service will deliver superior performance and non-stop availability in the face of dramatically increasing usage, as new buyers and suppliers join the SourceTrack community. SourceTrack also values the integration flexibility inherent in Sapphire/Web, which lets the company establish communications relationships with suppliers based on their preferred protocols and technologies. "One of the SourceTrack hallmarks is that we don't dictate change to our middle market customers or their suppliers, and Sapphire/Web supports that philosophy," said Eric Helman, 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 SourceTrack. "At the same time, our customers' and suppliers' trust in our reliability and availability is vital to our mutual success. Our partnership with Bluestone allows SourceTrack to deliver a predictable and high-level of service that our customers demand in their solutions." Added John H. Capobianco, senior vice president of worldwide marketing for Bluestone Software, "On the surface, the SourceTrack mission is refreshingly direct -- help midsize companies with their ordering processes. It's on the backend where things get a little more complex, with demands for around-the-clock service availability, high performance, and data integration with constantly changing supplier inventories and buyer requisitions. SourceTrack is in an environment in which Sapphire/Web shines." Building A Better e-Procurement Marketplace SourceTrack's purchasing service is squarely aimed at middle market companies with revenues between $50 million and $2.5 billion, as well as the suppliers that work with these companies. For these buyers, purchasing processes are largely paper-based and minimally automated, resulting in slow, costly purchasing. Suppliers, too, face the challenge of effectively reaching the middle market and keeping the costs of sales down. Through the digital marketplace created by its e-purchasing service, SourceTrack saves time, leverages economies of scale, and reduces purchasing costs for both buyers and suppliers. SourceTrack automates its customers' purchasing processes, letting each company set its own purchasing rules using SourceTrack's configurable workflow software. A company can set up 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. or decentralized de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. requisition A written demand; a formal request or requirement. The formal demand by one government upon another, or by the governor of one state upon the governor of another state, of the surrender of a fugitive from justice. The taking or seizure of property by government. process, as well as different purchasing levels for its employees. Criteria used to determine purchasing levels include title, pay scale, department, and other factors. In action, SourceTrack displays a custom Web page for each employee, displaying only those office supplies, services, and other goods that he or she can requisition. When the employee orders the product or service, SourceTrack's e-purchasing service oversees the purchase and fulfillment, all according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company's defined purchasing rules. Continued SourceTrack's Helman, "The benefits of e-purchasing can be huge as companies stand to save two to six percent of their annual revenues, without investing in a lengthy, internal IT project." Behind the scenes, SourceTrack is relying upon Sapphire/Web to reliably handle both the traffic loads and complexity inherent in a many-to-many commercial service. With both customers and suppliers accessing SourceTrack around the clock, Sapphire/Web's Customer Facing Fault Tolerance ensures that users are not adversely affected by any operational issues, such as software or hardware system failures or upgrades. Sapphire/Web's Fast-Failover and persistent state facility maintains user session information, including shopping cart and other volatile data, while user sessions A count of how many times all users access a Web site regardless whether the same person came back several times during the measurement period. If a user leaves and returns within a short time, some systems count those sessions as one. Contrast with unique visitors. See also user session. move to backup Application Servers. SourceTrack's e-purchasing service is further improved by Sapphire/Web's Hot Versioning(TM) feature, which ensures true 24x7, non-stop operations by keeping the service online and maintaining user sessions, without interruption, while application upgrades and maintenance are performed. Added SourceTrack's Helman, "From the development environment, to the load balancing The fine tuning of a computer system, network or disk subsystem in order to more evenly distribute the data and/or processing across available resources. For example, in clustering, load balancing might distribute the incoming transactions evenly to all servers, or it might redirect them , to the failover, to the monitoring and configuration management facilities, no other vendor could match the completeness and robustness of Bluestone's solution." To support the myriad communications mechanisms of its customer and supplier community, SourceTrack depends on Sapphire/Web's support for Extensible Markup Language See XML. (language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web. http://w3.org/XML/. (XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ), EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , as well as proprietary application programming interfaces and other technologies. Concluded SourceTrack's Helman, "Our buyer-side communications are browser-based, but on the supplier side, we want to support any mechanism they choose, be it XML or EDI or an Excel spreadsheet. That's part of what makes our service unique, and that's a big reason we run on Bluestone -- they help set us apart." About SourceTrack SourceTrack offers a hosted, web-based e-purchasing service for middle market companies and their suppliers. The company is squarely focused on helping mid-sized companies and their suppliers realize the benefits of e-purchasing of indirect goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . SourceTrack's service includes a browser-based front end for the buyer, complete with innovative personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. , workflow management and buyer choice options; purchasing contract management; and robust information derivatives for both buyer and supplier. The SourceTrack service is both buyer and supplier friendly and can be quickly implemented at minimal cost. SourceTrack is located in Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation). Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6. and can be reached by phone at 813-314-4043 or via the Internet at www.sourcetrack.com. About Bluestone Software Bluestone(R) Software, Inc. is a leading provider of Enterprise Interaction Management software. Companies deploying e-business applications, like Avnet, CDNow, Food.com, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom, Reliance National, Strategic Weather Services, and Time Inc., rely on Bluestone Total-e-Business(TM), Bluestone Sapphire/Web(R), and Bluestone XML Suite(TM) to provide comprehensive e-business platforms, Internet-class infrastructures, and robust integration services that e-business success demands. Bluestone is headquartered at 300 Stevens Drive, Philadelphia, Pennsylvania, 19113-1597. For more information, please call 888-Bluestone or 610-915-5000, email info@bluestone.com, or visit http://www.bluestone.com. Bluestone and Sapphire/Web are registered trademarks, and Bluestone XML Suite, Total-e-Business, and Hot Versioning are trademarks of Bluestone Software, Inc. All other names, brands or products may be trademarks or registered trademarks of their respective owners. Certain statements in this press release constitute forward looking statements as such term is defined in 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. Forward looking statements involve known and unknown risks, uncertainties and other factors, including those contained in Bluestone's publicly filed reports with the Securities and Exchange Commission, which may cause Bluestone's actual results, performance, or achievements or those of its customers or its industry to be materially different from the future results, performance or achievements expressed or implied by these forward looking statements. Specifically, the Company's beliefs with respect to the business opportunities presented by e-business and the Company's ability to profitably market and deploy its product solutions may prove to be inaccurate. In light of the significant uncertainties inherent in these forward looking statements, the information in this press release should not be considered a representation by the Company or any other person that Bluestone's objectives and plans will be achieved. |
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