Peer-to-Peer networks moving from music to trading of tires. (Technology).PEER-to-peer networks (1) A network of computers configured to allow certain files and folders to be shared with everyone or with selected users. Peer-to-peer networks are quite common in small offices that do not use a dedicated file server. are not just for swapping music files (illegally) anymore. CarParts Technologies Inc. has acquired OpenWebs Corp., a Pittsburgh Pittsburgh (pĭts`bərg), city (1990 pop. 369,879), seat of Allegheny co., SW Pa., at the confluence of the Allegheny and the Monongahela rivers, which there form the Ohio River; inc. 1816. maker of software with peer-to-peer technology, and will use it to build networks of retailers, distributors and manufacturers to facilitate the trading of aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. tires. David McCann David McCann (born March 17 1973) is an Irish professional road bicycle racer for the american continental squad: Team Colavita Racing. He was the 2006 Irish national road race champion, a title he has won 2 other times. , chief executive of El Segundo-based CarParts Technologies, refused to disclose the financial details of the acquisition, but acknowledged that it was an all stock deal. CarParts Technologies already has parts exchange software in place, which tire-specific OpenWebs will enhance. OpenWebs is an "intelligent trading network" that uses the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the to locate and trade tires much the same way as popular digital media file trading network Kazaa connects computers and allows users to search for music files. When a customer walks into a service station in need of a tire, McCann said, a service manager would cheek the inventory in the store while OpenWebs performs a network search to find the best option in. terms of price, proximity and delivery time. The idea is to manage what McCann said are 2 billion tire and parts transactions weekly around the world. "There's a lot of phone and fax trading, which is old-fashioned and inefficient," he said. CarParts Technologies was founded in 1997. In addition to the parts exchange software, CarParts Technologies has software products that automate To turn a set of manual steps into an operation that goes by itself. See automation. warehousing and distribution functions. The company, which McCann said would break even by the end of 2002, has raised $68 million in three rounds of venture capital funding. Staff reporter Christopher Keough can be reached at (323) 549-5225, ext. 235, or at ckeough@labusinessjournal.com |
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