EnergyWorkspace Forms Strategic Alliance With VerticalNet, Provides Collaboration Resources to Larger Energy Communities.Business Editors & Technology Writers HOUSTON--(BUSINESS WIRE)--Nov. 28, 2000 EnergyWorkspace, developer of a comprehensive business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets support system, today announced a strategic alliance with VerticalNet Markets, a strategic business unit of VerticalNet Inc. (Nasdaq:VERT), the Internet's leading business-to-business e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. enabler, to provide EnergyWorkspace's multi-functional collaborative workspaces A collaborative workspace or shared workspace is an inter-connected environment in which all the participants in dispersed locations can access and interact with each other just as inside a single entity. and integrated applications through VerticalNet's Oil and Gas Online and Hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen Online communities. VerticalNet will create and promote a co-branded site that offers EnergyWorkspace's shared workspace functionality to all registered VerticalNet energy industry users. In turn, EnergyWorkspace will gain greater reach to energy industry professionals through VerticalNet's energy portals. Users of both systems gain value-added benefits through new tools and services that complement existing project management resources. "We share a common mission with EnergyWorkspace - to develop an online environment that gives business professionals the best value for their time on the Web," said Karl Harrison, general manager for VerticalNet's Energy division. "This relationship furthers our ability to offer unique services and enhanced benefits that improve our users' online experience." "Energy industry professionals increasingly need tools and services that enhance job productivity," noted Mark Beatty, 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 EnergyWorkspace. "By adding EnergyWorkspace's collaborative workspaces to VerticalNet's premier online communities, we fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. this need through enhanced access to the information, knowledge and tools that our customers need to get work done online. We also introduce our unique business process support system to thousands of potential clients across a range of energy companies." EnergyWorkspace.com is a comprehensive, online business operations support tool, comprised of secure collaboration workspaces, an integrated application service provider and multi-functional eCommerce solutions. The collaboration system provides a secure, online resource for knowledge and information exchange with strategic partners beyond corporate firewalls and across geographic boundaries. Collaborative workspaces can be used to share contractual agreements, budget records, technical diagrams and other project-related documents. In addition, companies can manage project development process and control equipment and service procurements. EnergyWorkspace.com's collaboration system features user defined Any format, layout, structure or language that is developed by the user. access and document version control, application integration, email notification, threaded discussions A running commentary of messages between two or more people in a discussion group. See message thread and discussion group. and online meeting functions. In addition, EnergyWorksace offers subscription access to a variety of best-of-class industry applications through its ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). . EnergyWorkspace will create a customized version of its shared workspaces for VerticalNet that allow "My Oil and Gas Online" users to view a snapshot (1) A saved copy of memory including the contents of all memory bytes, hardware registers and status indicators. It is periodically taken in order to restore the system in the event of failure. (2) A saved copy of a file before it is updated. of project milestones through the online community. EnergyWorkspace will also manage and track all EnergyWorkspace transactions originating from VerticalNet and will work with VerticalNet's project management team to ensure complete product and service compatibility. Both business-to-business online marketplaces will also share storefront and auction listings to be included in separate co-branded sites accessible on each system. VerticalNet will also make available its rich content, including industry news. For more information on EnergyWorkspace call 877/397-1277 or visit the company's Web site at www.EnergyWorkspace.com. Information on VerticalNet can be found at www.VerticalNet.com. About EnergyWorkspace EnergyWorkspace is the leading developer of a comprehensive, online professional workspace and business-critical software applications for the oil and gas industry. EnergyWorkspace's products include EnergyWorkspace.com, the premier application and process-centric professional community for the energy industry, and the Dolphin dolphin, fish dolphin, large, swift game fish, Coryphaena hipparus, also called dorado. It is of nearly worldwide distribution in warm waters. Knowledge(TM) suite of business process support applications for exploration and production locations. Together, these offerings create a virtual environment where the energy industry goes to work. For more information on EnergyWorkspace call 877/397-1277 or visit the company's Web site at www.energyworkspace.com. About VerticalNet, Inc. VerticalNet, Inc. provides end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. e-commerce solutions targeted at distinct business segments through three Strategic Business Units: VerticalNet Markets includes 57 industry-specific Web sites designed as online vertical trading communities and provides hosted e-commerce and community capabilities for corporate divisions and mid-size businesses; VerticalNet Exchanges focuses on direct material open and spot markets; VerticalNet Solutions builds digital marketplaces for global 2000 customers, consortia and neutral Net market makers. VerticalNet International leverages the Company's three strategic business units to create global Internet 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 marketplaces, offering products and services internationally and partnering with companies that have strong local presence and domain expertise. For more information on VerticalNet visit the company's Web site at www.verticalnet.com. SOURCE: EnergyWorkspace |
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