Credit Suisse First Boston Report Highlights diCarta's Leadership in Contract Management Software Market; Analysts Estimate Market Will Grow to $3-5 Billion in Next Five Years.Business Editors REDWOOD CITY, Calif.--(BUSINESS WIRE)--May 3, 2001 diCarta, Inc., the award-winning leader of Internet-based, business-to-business contract and revenue management solutions, today announced that a report from the Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. (CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank ) Technology Group, a leading provider of investment banking services to emerging and established technology companies worldwide, positions diCarta as one of the most important pure play vendors in the contract management software market. The report, a feature of The Weekly Link: The Essential Source for the Latest Developments in B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business eCommerce, Issue 42 (March 30, 2001), highlights the strong return on investment presented by contract management software such as diCarta Contracts(TM). The authors of the report, Ian Toll, vice president, and John Byun, senior associate, B2B e-commerce, CSFB, also predict that corporate spending on contract management applications will grow to $3-5 billion within the next five years. "As one of the most important pure play vendors in the contract management category, diCarta has gained good traction as a result of its early mover advantage, significant customer wins and success in penetrating a broad range of industry verticals," said Toll. "Solutions such as diCarta Contracts offer companies a significant ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). through the automation and optimization of business processes related to contract management. We expect diCarta to take advantage of its leadership in a relatively untapped market, especially with the Global 2000." The report describes the compelling benefits for comprehensive applications such as diCarta Contracts for replacing the inefficient, ad hoc processes currently used by many companies to manage contracts. It also points out that 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. , CRM, SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. and e-procurement vendors fail to provide all of the necessary integrated components of a contract management solution. While some of these larger players have started to realize the importance of contract management solutions, none of their efforts thus far to move into the sector have been meaningful, according to the report. "Over the past year, diCarta has seen continued validation of our contract management solution by leading investment banking firms," said Scott Martin, 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. , diCarta. "We're excited to see that one of the most respected of these firms, CSFB, has issued such positive coverage on diCarta and the attractive ROI we offer the Global 2000 across vertical industries." About diCarta diCarta(TM) delivers the industry's first web-based contract management solution that automates the entire contract lifecycle -- from upfront negotiation through renewals -- for both buy-side and sell-side business processes. With diCarta Contracts(TM), companies gain increased control over their contract management procedures, substantially reducing legal and financial risks, while decreasing costs, increasing revenues and optimizing their business relationships. Built for delivery over the Internet, it enables multiple parties to collaborate with the efficiency of role-based workflow and security. diCarta's customers include leading Global 2000 and high-growth software companies. Founded in October of 1998, diCarta is headquartered in Redwood City, Calif. diCarta venture capital investors include Sequoia Capital, responsible for funding successful companies such as Agile (Nasdaq:AGIL AGIL Agility AGIL All Gas Iodine Laser AGIL airborne general illumination lightself (US DoD) ), Apple Computer (Nasdaq:APPL APPL Application APPL Applied APPL Applicable APPL Applicant APPL Appliance APPL Association of Partners for Public Lands APPL Academy of Program and Project Leadership (NASA) APPL A Probability Programming Language ), Cisco Systems (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), and Yahoo (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ); Capital Research, managers of American Funds; The Roda Group; and Skywood Ventures, as well as strategic investors Cooley Godward, Comdisco, Deloitte Ventures, and other private investors. For more information about diCarta solutions visit http://www.dicarta.com, send email to info@dicarta.com, or call 650/474-3800. Note to Editors: diCarta, diCarta Contracts and the diCarta logo are trademarks of diCarta, Inc. in the United States and other countries. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies. |
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