J.D. Edwards and webMethods Expand Strategic Partnership.Business Editors DENVER & FAIRFAX, Va.--(BUSINESS WIRE)--June 11, 2002 J.D. Edwards (J.D. Edwards & Company, Denver, CO, www.jdedwards.com) A developer of multinational, integrated enterprise software for distribution, finance, human resources, manufacturing and supply chain management. (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 : JDEC JDEC Joint Data Exchange Center (US/Russian missile warning) JDEC Joint Document Exploitation Center (US DoD) ) & webMethods, Inc. (NASDAQ: WEBM WEBM webMethods Inc. (stock abbreviation, AMEX) ) Comprehensive Agreement Between Enterprise Software Provider and Integration Software Company Enhanced to Address Customers' Complex Business Needs J.D. Edwards (NASDAQ: JDEC) and webMethods, Inc. (NASDAQ: WEBM), the leading provider of integration software, today announced the expansion of their existing, strategic business partnership to further address customers' integration needs. The companies are building upon their exclusive OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement by adding a co-sell and resell component, providing a "single face" to the customer. In addition, webMethods and J.D. Edwards will co-develop future versions of the J.D. Edwards adapter, optimizing integration with enterprise applications. This adapter is available exclusively through the partnership. J.D. Edwards pioneered the use of integration software within its product line years ago, and it continually strives to improve the ease of use for its customers. To that end, J.D. Edwards will work with webMethods to develop, market and sell solutions that help customers transform their technology infrastructure into a functional whole. The expansion of the relationship stems from the numerous joint successes the companies have had deploying their software for customers throughout the world. To maintain a competitive edge, today's businesses depend on strategic relationships with partners and suppliers to create dynamic value chains that increase operational efficiency and enhance customer satisfaction. To achieve these benefits, companies are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to seamlessly connect applications within and across their extended enterprise. The webMethods and J.D. Edwards partnership provides immediate and direct benefits to customers by providing an out-of-the-box solution for integrating J.D. Edwards' collaborative applications with those of their trading partners. "J.D. Edwards and webMethods are building on our existing relationship to deliver to our customers the most comprehensive integration solutions on the market," said Les Wyatt, senior vice president and chief marketing officer at J.D. Edwards. "Our combined strengths in enterprise applications and integration technology give businesses the power to strengthen business performance by tightly connecting disparate systems and data within and outside the enterprise." Through OEM and collaborative marketing agreements, webMethods and J.D. Edwards will provide customers with the industry's leading integration software, seamless customer support and access to broad value-added functionality, including J.D. Edwards XBPs (eXtended Business Processes). Built by J.D. Edwards on the webMethods integration platform, J.D. Edwards XBPs are pre-defined business processes that tie applications and enterprises together in real time. XBPs, combined with existing J.D. Edwards tools and the webMethods integration platform, can deliver measurable business benefits such as reduction in development and implementation costs, reduction in working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and inventory levels as well as dramatically improved customer service levels. "The unique partnership between webMethods and J.D. Edwards provides strong benefit to our customers through shared development, selling and support. Through our collaboration with J.D. Edwards, joint customers receive increased levels of support and reduced complexity," said Debbie Rosen, senior vice president, Industries and Alliances for webMethods. "webMethods and J.D. Edwards will address customers' integration needs by providing them with the most sophisticated integration software available as well as always-on customer support. With each company focusing on its core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
About webMethods, Inc. As the leading independent provider of integration software, webMethods, Inc. (NASDAQ: WEBM - news) delivers the industry's most comprehensive platform for enterprise-wide integration, including complete support for Enterprise Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. . The webMethods integration platform allows customers to achieve quantifiable R.O.I. by linking business processes, enterprise and legacy applications, databases, Web services and workflows both within and across enterprises. Through this seamless flow of information, companies can reduce costs, create new revenue opportunities, strengthen relationships with customers, substantially increase supply chain efficiencies and streamline internal business processes. Founded in 1996, webMethods is headquartered in Fairfax, Va., with offices throughout the U.S., Europe and Asia Pacific. webMethods has more than 800 customers worldwide including Global 2000 leaders such as Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Citibank, Dell, Eastman Chemical, The Ford Motor Company, Grainger, and Motorola. webMethods' strategic partners include Accenture, AMS AMS - Andrew Message System , BMC Software BMC Software, Inc. NYSE: BMC, is an American enterprise management software provider, focusing on IT infrastructure applications. BMC was founded in 1980 and is headquartered in Houston, Texas. , BroadVision, Cap Gemini Ernst & Young, Deloitte Consulting, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Hewlett-Packard, i2 Technologies, J.D. Edwards, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Consulting, SAP AG and Siebel Systems. More information about the company can be found at http://www.webMethods.com. About FOCUS 2002 FOCUS 2002 is Quest's premier annual event and J.D. Edwards' user group conference, where users and invited guests can interact with and learn from peers, J.D. Edwards product developers, business partners and third party vendors and service providers. About J.D. Edwards & Company J.D. Edwards (NASDAQ: JDEC) makes customers stronger, enabling them to solve their most important business challenges. The company offers collaborative enterprise software as well as consulting, education and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . J.D. Edwards' offerings are differentiated by a deeply ingrained attitude of listening to customers, innovating on their behalf, and delivering solutions as part of a results-oriented relationship. Founded in 1977 and headquartered in Denver, J.D. Edwards focuses on long-term business partnerships and helping its 6,500 customers in 113 countries collaborate electronically to manage their business processes, supply chains, and supplier and customer relationships. For more information: www.jdedwards.com or 1-800-727-5333. Copyright(c) J.D. Edwards World Source Company, 2002. J.D. Edwards is a registered trademark of J.D. Edwards & Company. The names of all other products and services of J.D. Edwards used herein are trademarks or registered trademarks of J.D. Edwards World Source Company. All other product names used herein are trademarks or registered trademarks of their respective owners. webMethods is a registered trademark of webMethods, Inc. in the USA and certain other countries. All other company and product names are the property of their respective owners. This press release contains various remarks about the future expectations, plans and prospects of webMethods that constitute forward-looking statements for purposes of the 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. provisions under 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. The actual results of webMethods may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed under the heading "Factors That May Affect Future Operating Results" in the Business section of webMethods' Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended March 31, 2001 and in the Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial section of webMethods' Forms 10-Q for the quarters ended September 30, 2001 and December 31, 2001, all of which are on file with the U.S. Securities and Exchange Commission. webMethods disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release. Please direct any questions or information requests during FOCUS to: 303-228-8265 (6 A.M. - 6 P.M., MT) 303-228-8266 (Alternate line from 6 A.M. - 6 P.M., MT) 8773091129@skytel.com (After 6 P.M., MT) |
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