Digital Marketplace Pioneer, TRADEX, Expands Operations in Japan; TRADEX Teams with Japanese Power Players to Expand Global Presence.TAMPA, Fla.--(BUSINESS WIRE)--Oct. 26, 1999-- 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 is growing rapidly and digital marketplaces continue to link buyers and sellers worldwide, resulting in a stronger global Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . This trend is gaining momentum in Japan, where pent-up demand for solutions that will drive B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. and scale quickly to support increased online buying and selling is on the rise. To help manage these demands, TRADEX TRADEX Target Resolution Discrimination Experiment Technologies Inc., a leading provider of B2B e-commerce solutions, today announced its expanded presence in Japan through a venture called Commerce Center KK. Commerce Center KK is an organization formed by visionary business leaders in Japan who've made an investment in order to provide B2B e-commerce solutions. This announcement reinforces TRADEX's commitment to provide the platform that powers the world's leading digital marketplaces. In this venture TRADEX teams with major league Japanese business players including Mitsui, Canon, Crayfish crayfish or crawfish, freshwater crustacean smaller than but structurally very similar to its marine relative the lobster, and found in ponds and streams in most parts of the world except Africa. Crayfish grow some 3 to 4 in. (7.6–10. , JAFCO, Toyo Business Engineering and several individual investors, including Vic Murai, President emeritus of Compaq Japan. Commerce Center KK has been specifically formed to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the B2B e-commerce opportunities that are expected to exploder during the next five years. "This venture between respected international companies proves there is a substantial market for B2B digital marketplace technology in Japan. Our partners show a considerable amount of business foresight and economic leadership through this business venture," said Daniel Aegerter, 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 TRADEX. "We look forward to working with our partners to lead the development of digital marketplaces in Japan, and to the successful adoption and acceptance of our vision that has made us so successful here in the U.S." "Today, the B2B e-commerce infrastructure is almost non-existent in Japan. However, significant e-commerce growth is expected within the next five years. TRADEX is eager to pioneer and establish their superior and advanced software and services within the Japanese business community," said Vic Murai. "Among the various e-commerce solutions available on the market, TRADEX has the most scalable and seamless technology, which will enhance the Japanese business community's eCommerce infrastructure. This is evidenced through TRADEX's advanced and established customers, such as NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform , which has been using TRADEX's solution in their day-to-day business operations." A Commerce Center KK office is up and running in Japan. The office directed by CEO Hideharu Takeda, who has previously worked for Computer Associates and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . About TRADEX: TRADEX Technologies is a leading provider of B2B eCommerce solutions that enable the rapid deployment of digital marketplaces. The TRADEX Commerce Center solution has been specifically designed to accelerate the deployment of digital marketplaces that enable multiple buyers and sellers to exchange goods, services and information in on-line trading communities. The TRADEX solution powers more digital marketplaces than anyone else n for such leading customers as NTT, MetalSite, VerticalNet, PlasticsNet, HOTS e-commerce, DACOM DACOM Differential-Absorption Carbon Monoxide Monitor DACOM Diode Laser Based Differential Absorption Instrument DACOM Differential-Absorption Carbon Monoxide Measurements Corporation, Raytheon and others. Founded in 1996, TRADEX is a privately held, venture-backed company. TRADEX is an Internet Capital Group (ICGE) partner company. The company is headquartered in Tampa, FL with offices in Atlanta, Boston, Dallas, Philadelphia, San Francisco, Washington, DC, and Tokyo. The company's Web site is www.tradex.com. |
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