CrossRoute Software and PeopleSoft Join Forces to Provide Supply Chain Solutions.REDWOOD SHORES, Calif.--(BUSINESS WIRE)--May 18, 1998-- CrossRoute's Alliance Software and PeopleSoft 7.5 Combine To Automate Mission-Critical Business Processes CrossRoute Software, Inc., the leading supplier of cross-enterprise applications, announces that it has entered into a marketing agreement with PeopleSoft Inc., a leading provider of enterprise application software, to offer a robust supply chain integration solution. The joint solution enables organizations to link in-house enterprise applications with the enterprise applications of their trading partners. This capability to automatically exchange planning and execution information along manufacturing supply chains will enable a new level of competitiveness. The clear benefits that companies will derive from integrating across their supply chains lead analysts to predict a multi-billion dollar market for cross-enterprise applications. To successfully compete in today's marketplace, companies can no longer interact with their supply chain partners at an arm's length arm's length adj. the description of an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete control of the other. . Their shared mission-critical business processes cross organizational boundaries and require real-time, controlled, system-to-system electronic information sharing See data conferencing. between organizations. The integration of CrossRoute's Alliance software with PeopleSoft enterprise applications and supply chain solutions will allow companies to automate their mission-critical planning and transaction processes both within the companies and with their supply chain partners. Customers who take advantage of the combination of CrossRoute Alliance and PeopleSoft 7.5 can benefit from improved product life cycle management, increased customer satisfaction, better return on assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). , lower inventory, and increased productivity. Ken Ross, 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 CrossRoute, remarks, "We are excited about working together with PeopleSoft, since the two companies share a common vision for providing comprehensive supply chain solutions. PeopleSoft 7.5 significantly extends PeopleSoft's supply chain offerings, giving manufacturers and distributors with global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. the information they need to effectively manage their businesses. By using PeopleSoft 7.5 in conjunction with CrossRoute's Alliance, organizations can extend those processes across all of their supply chain partners, bringing a significant competitive advantage to their businesses." "We see the collaboration with CrossRoute as an important extension to our entire supply chain solution," said Jeff Carr, General Manager of PeopleSoft's Manufacturing Business Unit. "CrossRoute's leading-edge technology allows companies to leverage their 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. investments by sharing a full range of information with their partners. The ability to share information among multiple enterprises will be crucial for companies to maintain competitiveness in the future." About Cross-Enterprise Applications Cross-enterprise applications allow global organizations to tightly link their business processes with those of their key partners. By forging such close relationships across all facets of the supply chain, companies can achieve a long-term competitive advantage and a short-term increase in profitability by reducing inventories, decreasing time to market, and enhancing customer satisfaction. A leading industry research firm projects that the cross-enterprise application market will be enormous, estimating that it will grow from $150 million in 1998 to $5.8 billion in the year 2002, a compound annual growth rate of 147%. About PeopleSoft Inc. PeopleSoft Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PSFT PSFT PeopleSoft (stock symbol) PSFT Progressive Saturation Fourier Transform PSFT Prosoft-Technology, Inc ) was established in 1987 to provide innovative software solutions that meet the changing business demands of enterprises worldwide. PeopleSoft product and service information is located on the World Wide Web at http://www.peoplesoft.com. About CrossRoute Software, Inc. Founded in 1996, CrossRoute Software, Inc. is the leading provider of cross-enterprise software applications. Its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. family, CrossRoute Alliance, is targeted at large domestic and global organizations seeking to reduce costs and increase productivity by connecting their enterprise systems with those of their mission-critical business partners. Kenneth Ross, President and CEO, is the founder and former CEO of Ross Systems and was previously the CEO of both Documentum, Inc. and Pillar pillar, freestanding columnar supporting member. It is a general term, little used as an exact architectural definition except as applied to an upright support in the medieval styles, consisting of an assemblage of juxtaposed shafts and moldings; unlike the column, Corporation. CrossRoute's management team also includes executives from Oracle Corporation, Hyperion Software, 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. and Verifone, Inc. The company is funded by B.J. Cassin, Bay Partners, Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution Ventures, Telos Venture Partners and Ziff Brothers Investments and is located in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. . For additional information about the company and its products, visit CrossRoute's web site at http://www.crossroute.com or contact them directly at 650-596-1300. CONTACT: CrossRoute Software, Inc. Ken Ross, 650/596-4545 kross@crossroute.com or For CrossRoute Software, Inc. Marilyn Callaghan, 650/342-6087 mcallagh@pacbell.net |
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