Extricity Delivers First Comprehensive B2B Software Platform for Net Markets.Business Editors & High Tech Writers REDWOOD SHORES, Calif.--(BUSINESS WIRE) Feb. 23, 2000 Extricity Alliance for Net Markets Extends 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 Leadership with New Product Offering That Simplifies Deployment and Management of Internet-Based Trading Communities Extricity(TM) Software, Inc., continuing to set the agenda for XML-based business-to-business (B2B) integration software solutions, today announced Extricity Alliance for Net Markets(TM), the industry's first complete B2B software platform that provides both net market makers and net market solution providers a comprehensive platform to create and manage highly efficient Internet-based trading partner communities. In addition, Extricity Software also announced today new customers and strategic alliances to support its new B2B net market software platform. (See today's related announcement, "Extricity Wins New Customers and Strategic Alliances To Support B2B Net Market Software Platform".) Today's new net markets, made up of trading exchanges, auctions and portals, are being driven by net market makers consisting of both new Internet-centric companies and existing traditional businesses, each in the process of trying to fundamentally revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the way industry conducts business in specific market segments. Net market makers are establishing dynamic, Web-based environments that enable buyers and suppliers with common business interests to come together, exchange information and efficiently conduct business over the Internet. These net markets are often aligned along a specific industry (steel, chemical, paper, etc.), focused on cross-industry functions (procurement, transportation, logistics, etc.), or are developed by large existing enterprises who are redefining dynamic business interactions of buyers and sellers within their value chain. For net markets, time-to-market is critical. Net market makers require a B2B software platform that can be rapidly deployed and that provides all-inclusive support for integration, collaboration and administration. Until now, net market Web environments and infrastructure have predominantly centered around manual back-end operations and/or numerous IT "point tools", each of which have delivered functionality against a narrow aspect of a complete required B2B platform. Manual operations are slow, inefficient, costly and time consuming. Extricity Alliance for Net Markets substantially improves the deployment of a B2B market infrastructure by fulfilling the requirement for a single, robust and scalable platform that supports the full breadth of net markets' services and offerings. Extricity Alliance for Net Markets makes it easy to rapidly create net market online communities. From simple data exchange to sophisticated process execution, Extricity Alliance for Net Markets includes pre-packaged net market process templates that can be used to automate the flow of information among businesses in a net market. In addition, Extricity Alliance for Net Markets provides end-to-end application integration, supports a flexible set of eXtensible Mark-up Language (XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ) technology and other communications mechanisms and provides complete graphical B2B partner management capabilities on a single, mission-critical platform. "Extricity is expanding its products to support multiple e-business scenarios, including trading exchanges and portals as well as direct business integration. As customers' e-business infrastructure requirements becoming increasingly complex and time-sensitive, they want to be able to rely on a single source for all of their e-business infrastructure needs," said AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research, Inc. "Net markets represent the next phase in the fast-paced B2B evolution," said Barry M. Ariko, 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 Extricity Software. "Extricity Alliance for Net Markets makes it easy for entrepreneurial net market makers to simplify the real-world challenges associated with deploying and managing these dynamic Internet-based business environments." "From simple to sophisticated, Extricity Alliance for Net Markets is the industry's only single, open platform specifically designed for net market makers so they can easily integrate back-end systems, rapidly collect and present content and engage in dynamic commerce," said Ariko. Extricity Alliance for Net Markets Key Features Rapid Deployment and Accelerated Time-To-Market - For net market makers to become industry leaders, first mover mover /mov·er/ (moo´ver) that which produces motion. prime mover a muscle that acts directly to bring about a desired movement. advantage is crucial. Extricity Alliance for Net Markets accelerates time-to-market with rapid deployment: customer links can be established in a matter of hours, pre-packaged net market processes can be quickly deployed and support for rapid integration into 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. and other back-end software for auctions, exchanges, catalog normalization In relational database management, a process that breaks down data into record groups for efficient processing. There are six stages. By the third stage (third normal form), data are identified only by the key field in their record. and application hosting is provided. Extricity Alliance for Net Markets also provides interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. with other net markets and B2B software, allowing for rapid customer acquisition. Complete End-to-End Integration - Extricity Alliance for Net Markets provides value to net market makers by eliminating manual re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the of information into back-end systems. Eliminating manual re-entry of information reduces errors, saves time and makes available valuable resources. Extricity Alliance for Net Markets has a full range of packaged integration adapters for applications, including Aspen Technology Aspen Technology (NASDAQ: AZPN) provides software and professional services to the manufacturing and process industries which allows companies to model, manage, and control their operations. AspenTech was founded in 1981 by MIT professor Dr. , Baan, i2 Technologies, Manugistics, Oracle, PeopleSoft and SAP, along with a variety of databases and internal middleware Software that functions as a conversion or translation layer. It is also a consolidator and integrator. Custom-programmed middleware solutions have been developed for decades to enable one application to communicate with another that either runs on a different platform or comes from a tools. In addition, Extricity Alliance for Net Markets includes a simple, graphical environment to quickly create integration capabilities to less common packaged applications and/or legacy systems. Open Communications - Extricity Alliance for Net Markets supports a full range of open, standards-based communications mechanisms (Web browsing, EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , FTP FTP in full file transfer protocol Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to , HTTP HTTP in full HyperText Transfer Protocol Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol. ) to manage any type of partner integration. Net market makers' customers are not required to have any additional software at their sites. Support for Wide Variety of Open Content Standards - The Extricity Alliance for Net Markets platform supports a full range of XML-based interactions between business partners, including RosettaNet, cXML, OAG OAG Office of the Attorney General OAG Office of the Auditor General (of Canada) OAG Official Airline Guide OAG Open-Angle Glaucoma OAG Open Application Group OAG Operational Advisory Group , ebXML, CBL Cbl cobalamin. and others. This capability provides net market makers the flexibility to start with simple interactions and to subsequently add additional business processes and services. Pre-Packaged Support For Net Market B2B Processes - Extricity Alliance for Net Markets includes pre-packaged Extricity AllianceInteract(TM) processes for net market makers. These pre-packaged processes allow sites to rapidly deploy B2B transactions for functions such as order management, procurement, inventory management, supply/demand planning, logistics and partner and market maker management. B2B Partner Management Platform - Extricity Alliance for Net Markets provides a platform for managing a B2B community for the short term, and as it grows over time. In the short term, the platform provides application-level management of partner information, process information, security and full auditing and reporting. Over time, net market makers can easily add or change partners, deploy new business processes or flexibly change interactions among all partners. Mission Critical Performance and Scalability - As net markets reshape industries and serve as the hubs for all industry business, credibility is crucial. Extricity is recognized for proven performance. Extricity Software's applications provide functionality such as guaranteed delivery, process checkpoint/restart and communications failover to assure that even if the network goes down, the net market will be able to continue operations without losing valuable information. Availability Extricity Alliance for Net Markets is available immediately. About Extricity Software Extricity Software, Inc. is the premier provider of comprehensive, packaged business-to-business software solutions. The Extricity AllianceSeries(TM) family of XML-based e-commerce solutions allows Global 2000 companies to dramatically improve both their efficiencies and competitiveness by leveraging the Internet to automate critical business processes and the flow of information among partners, customers and suppliers. Founded in 1996, Extricity is a privately-held company with headquarters in Redwood Shores, Calif., and offices nationwide. Recently featured in Time Magazine as an example of highly innovative technology companies that are creating new business models based on business-to-business (B2B) electronic commerce, Extricity was also named by Fortune Magazine as one of the "Top 25 Enterprise Software Companies to Watch". Extricity has strategic partnerships with companies such as Baan, CommerceQuest, 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) , Intel, Manugistics, Microsoft, Moai, OnDisplay, PeopleSoft and SAP. The company is also working with major management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and systems integrators, including Andersen Consulting See Accenture. , Cambridge Technology Partners, IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. and PricewaterhouseCoopers. For more information, contact Extricity Software by phone at 650/596-1300, via email at info@extricity.com, or on the Web at www.extricity.com. |
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