CrossCommerce and QRS Corporation Form Strategic Product Supplier and Fulfillment e-Commerce Partnership.Business Editors, High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--March 27, 2000 QRS QRS A pattern seen in an electrocardiogram that indicates the pulses in a heart beat and their duration. Variations from a normal QRS pattern indicate heart disease. Mentioned in: Bundle Branch Block to Expand E-Commerce Services Beyond Retail Via Industry's First E-Merchandising Service Provider CrossCommerce, the industry's first e-Merchandising Service Provider, and QRS Corporation (Nasdaq: QRSI), a leading provider of e-commerce solutions to the retail industry, today announced the formation of a strategic product supplier and fulfillment e-commerce partnership. As a result of today's announcement, CrossCommerce will now have access to QRS Keystone Catalog Services, which maintains more than 73 million Universal Product Codes. This massive product portfolio will be added to CrossCommerce's Virtual Product Warehouse, which is already comprised of millions of intelligently categorized cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat SKUs that subscribing content-centric sites can access in order to become strategic providers of online commerce. (Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Please see accompanying press release announcing the launch of CrossCommerce's E-Merchandising Platform.) Through today's partnership, CrossCommerce will also be able to leverage QRS's existing e-commerce infrastructure to process, ship, and track orders quickly and directly to consumers on behalf of its subscribers. CrossCommerce today unveiled its breakthrough e-merchandising solution, which completely automates front-end and back-end In their most general meanings, the terms front end and back end refer to the initial and the end stages of a process flow. These terms acquire more special meanings in particular areas. e-commerce business practices, including product sourcing, merchandising, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , fulfillment, and customer service. This will enable leading publishing, entertainment, community, and affinity sites to easily integrate highly targeted merchandise with their content in order to generate a major new source of revenue beyond banner advertising Banner Advertising A common form of advertising on the internet. The banner is an advertisement of 460x68 pixels, usually placed at the top of the page Notes: For an example, just look at the top of a page on almost any popular web site. and affiliate marketing Affiliate marketing is a method of promoting web businesses (merchants/advertisers) in which an affiliate (publisher) is rewarded for every visitor, subscriber, customer, and/or sale provided through his/her efforts. programs. "Today's partnership with QRS is critical to the success of the CrossCommerce e-merchandising service provider business model," said Peter Nordberg, 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. and Co-founder of CrossCommerce. "Their relationships with more than 8,000 manufacturers give them enormous leverage as a product supplier. This enables us to offer our content site customers the industry's largest online `warehouse' of merchandise, which dwarfs competitive offerings. In addition, their established track record in all phases of product fulfillment gives us a huge leg up in immediately solving one of the most complex aspects of online supply chain management." For the third consecutive year, Forbes magazine named QRS Corporation to its list of 200 Best Small Companies in America. QRS is one of 35 companies that have met the exclusive list's strict financial performance standards three years in a row. "Because CrossCommerce focuses exclusively on leading content-centric sites, we have a significant opportunity to extend our e-commerce reach broader and deeper in the retail industry," said Phil Woodworth, Vice President and General Manager of Syndicated Data Services for QRS. "No other company we've evaluated has put together such a comprehensive e-merchandising platform. We're looking forward to being a key part of the `commerce for content' revolution and providing new channel opportunities for all manufacturers and retailers." About QRS Corporation QRS is a leading provider of business-to-business electronic commerce services to the retail industry. The company's services help its approximately 8,800 retailer, vendor, manufacturer and carrier customers to leverage information, electronic networks and Internet technologies to more rapidly anticipate and respond to consumer demand, manage inventory levels, exchange business documents and information, and reduce operating costs operating costs npl → gastos mpl operacionales . These services provide a network and functionality that enable retail industry trading partners to transact business, share information and collaborate worldwide. QRS services, which are delivered over the Internet and proprietary networks, are organized into four major categories: eCommerce Services, Content Services, Application Services See ASP and Web services. , and Marketplace Services. For more information, visit the company's website at www.qrs.com. About CrossCommerce Formed in 1999 as the industry's first E-Merchandising Service Provider, CrossCommerce is transforming content-centric sites into next-generation providers of online commerce. The company enables these sites to quickly monetize their traffic and maintain direct ownership of the customer relationship without disrupting their primary focus on creating compelling content and services. By providing a sophisticated Web-based user application to access its E-Merchandising Platform, CrossCommerce automates core e-commerce business practices, which until now, have required expertise in merchandising, product sourcing, transaction processing, fulfillment and customer service. As a result, content, community, entertainment and affinity sites can now offer targeted commerce to their audiences without complex, expensive and lengthy system integration and product sourcing. The company's co-founders - Peter Nordberg, Raj Sarasa, and Jim Oliver - are industry veterans with backgrounds from leading companies that include WebLogic (acquired by BEA Systems BEA Systems, Inc. (NASDAQ: BEAS) is one of the major companies developing enterprise infrastructure software. BEA makes middleware, products that help software run on top of databases. ), Apple Computer, and Hewlett-Packard. Privately-held with blue-chip investors that include The Sprout Group, the venture capital affiliate of Donaldson, Lufkin & Jenrette (DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal ), Nexus Group, and Osprey osprey (ŏs`prē), common name for a bird of prey related to the hawk and the New World vulture and found near water in most parts of the world. Ventures, CrossCommerce is headquartered in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] . For more information, visit the company's Web site at www.crosscommerce.com or call 415.315.1000. |
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