Invitrogen Partners with SciQuest to Provide Complete E-Procurement Solution to Customers.Customers Include Sanger Institute The Wellcome Trust Sanger Institute (formerly the Sanger Centre) is a genome research centre in Cambridgeshire, England. It was set up in 1992 by the Wellcome Trust and the Medical Research Council, the purpose of which is stated on their website ([1] as "to further our , Exelixis and Apoxis RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C. & CARLSBAD, Calif. -- SciQuest, Inc., a leading provider of on-demand supplier management and procurement automation solutions, and Invitrogen Corporation Inc., a provider of essential life science technologies for disease research and drug discovery, today announced an e-procurement partnership. As part of this agreement, Invitrogen will offer SciQuest's software solution with its life sciences products and services to deliver a multi-vendor, e-procurement platform to targeted customers. Invitrogen's partnership with SciQuest enables life science organizations the opportunity to benefit from Invitrogen's 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 services offering. Customers can learn from each other through Invitrogen's extensive experience in customer connectivity and best practices. The partnership will further seek opportunities to explore the integration into inventory management systems and scientific-based search tools, creating more efficiencies for the bench scientist and providing greater spend visibility and contract compliance for purchasing organizations. "In working with life science clients eager to consolidate purchasing processes, we have found that combining expertise in e-procurement with knowledge of how bioscientists work allows us to provide significant value both to purchasing departments and to end users," said Steve Wiehe, 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 SciQuest. "The combination of Invitrogen and SciQuest will allow both companies to offer this domain expertise and expand our customer base and market reach. This will also bolster SciQuest's continued support of commercial procurement initiatives." "Our customers are under pressure to streamline their purchasing processes and often ask us to provide complete solutions," said Michael Stapleton, vice president, e-business marketing, at Invitrogen. "Invitrogen has developed multiple web-based programs that help meet this need, but by partnering with SciQuest, our ability to be the preferred one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. increases exponentially, making us an even more valuable partner in the quest to provide essential technologies to life scientists." In addition to the partnership, the two companies also announced the signing of numerous customers to the initiative: Sanger Institute, Exelixis, and Apoxis. "Exelixis uses SAP and we had planned to implement connections to suppliers ourselves through SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. ," said Delea Magana, purchasing manager A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. at Exelixis. "We would not have known about the benefits of SciQuest without the introduction by Invitrogen. We look forward to getting our e-procurement solution implemented and shifting our procurement focus from transactional to strategic." Nick Brown, procurement manager at Sanger Institute, added, "We eagerly look forward to the efficiency, customer service, control, and savings we expect to gain through our SciQuest implementation." Invitrogen's offering of multi-vendor e-procurement technologies is the first of its kind within the life sciences industry. The partnership will allow clients to use SciQuest's software to purchase products from Invitrogen along with other vendors with a single purchase order instead of placing purchase orders with each different vendor. Such consolidation on a platform that offers supplier management, purchasing automation and materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, solutions allows clients to gain efficiency and control over their purchasing practices, driving savings in their organizations. For additional information on how to take advantage of this partnership email Invitrogen at ebusiness@invitrogen.com. "Our research reveals that domain expertise is a strong criteria for clients when choosing an e-procurement provider," said Sudy Bharadwaj, vice president at the Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. , a leading provider of fact-based research focused on the global technology-driven value chain. "The combined strength of Invitrogen with the technology foundation of SciQuest, brings to the market a powerful solution that delivers on this capability." Representatives from SciQuest and Invitrogen will be highlighting the partnership during NextLevel 2007, taking place January 21-24 in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . This invitation-only event is a forum for the exchange of best practices, networking with peers and exploring the future direction of electronic procurement and supplier relationship management. For more information, go to http://www.sciquest.com/nextlevel2007/. About SciQuest SciQuest provides on-demand supplier enablement Supplier Enablement is the process of electronically connecting suppliers (or other trading partners) to a company's supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company's back-office systems to exchange critical business and procurement automation solutions that reduce operating costs operating costs npl → gastos mpl operacionales , drive end-user adoption, bring more spend under management and increase visibility into organization-wide spending. Through SciQuest solutions, organizations gain immediate cost savings and rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Organizations can quickly enable a critical mass of suppliers through the SciQuest Supplier Network (SQSN) and leverage SciQuest Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality to fully manage catalog data and order delivery on an ongoing basis, significantly reducing the need for in-house IT and support resources. With an integrated supplier base, organizations can maximize on-contract spending and gain real-time visibility and reporting capabilities throughout the entire order process. In addition to a source-to-settle suite of e-procurement applications, SciQuest also offers supplier and order management modules that seamlessly integrate with existing 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 enterprise financial systems, driving greater return from existing investments. For more information about SciQuest, please visit www.sciquest.com, or call 919.659.2100. About Invitrogen Invitrogen Corporation (Nasdaq:IVGN) provides products and services that support academic and government research institutions and pharmaceutical and biotech companies worldwide in their efforts to improve the human condition. The company provides essential life science technologies for disease research, drug discovery, and commercial bioproduction. Invitrogen's own research and development efforts are focused on breakthrough innovation in all major areas of biological discovery including functional genomics Noun 1. functional genomics - the branch of genomics that determines the biological function of the genes and their products genomics - the branch of genetics that studies organisms in terms of their genomes (their full DNA sequences) , proteomics, bioinformatics and cell biology Cell biology The study of the activities, functions, properties, and structures of cells. Cells were discovered in the middle of the seventeenth century after the microscope was invented. -- placing Invitrogen's products in nearly every major laboratory in the world. Founded in 1987, Invitrogen is headquartered in Carlsbad, California Carlsbad is a coastal resort-town in northern San Diego County, California. According to the state Department of Finance, the city had a total population of 90,271 in 2003. , and conducts business in more than 70 countries around the world. The company is celebrating 20 years of accelerating scientific discovery. Invitrogen globally employs approximately 5,000 scientists and other professionals and had revenues of more than $1.2 billion in 2006. For more information, visit www.invitrogen.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain statements contained in this press release are considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and it is Invitrogen's intent that such statements be protected by the safe harbor created thereby. Forward-looking statements include, but are not limited to, those regarding: 1) The partnership will enable life science organizations the opportunity to benefit from Invitrogen's B2B services offering; 2) The partnership will further seek opportunities to explore the integration into inventory management systems and scientific-based search tools, creating more efficiencies for the bench scientist and providing greater spend visibility and contract compliance for purchasing organizations; Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the risks: a) of any inability to timely create or acquire new benefits with the desired characteristics; and b) of the unpredictability of future demand for current or future products; as well as other risks and uncertainties detailed from time to time in Invitrogen's Securities and Exchange Commission filings. SciQuest and SelectSite are registered trademarks of SciQuest, Inc. HigherMarkets is a trademark of SciQuest, Inc. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion