REPEATING/FreeMarkets Selects Micromuse's NETCOOL Software For Real-Time Monitoring of Web-Based B2B Emarketplace.Business/Technology Editors REPEATING... SAN FRANCISCO--(BUSINESS WIRE)--March 10, 2000 Netcool Suite to Maintain Uptime of Mission-Critical FreeMarkets Online Auctions and FreeMarketPlace(TM) Web-based Procurement Tools Micromuse Inc. (Nasdaq: MUSE), the leading provider of fault and service-level management software, today announced that its NETCOOL(R) suite of applications has been selected to provide real-time network monitoring The term network monitoring describes the use of a system that constantly monitors a computer network for slow or failing systems and that notifies the network administrator in case of outages via email, pager or other alarms. for FreeMarkets, Inc. (Nasdaq: FMKT FMKT Freemarkets, Inc. (stock abbreviation, AMEX) ), the world's leading 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 eMarketplace. Netcool will monitor FreeMarkets(R) Web-based B2B eMarketplace, including FreeMarkets' real-time auctions and FreeMarketPlace Web-based procurement tools. The FreeMarkets B2B eMarketplace has driven over $4 billion in auction volume since 1995, and includes industry-leading BidWare(R) auction technology for high-stakes bidding, a technical operations center The facility or location on an installation, base, or facility used by the commander to command, control, and coordinate all crisis activities. See also base defense operations center; command center. , industrial market making services, and a global database of over 3,000 suppliers from 45 countries. "At FreeMarkets, we combine deep knowledge of the markets we serve with superior technology to conduct high-stakes, competitive purchasing through our B2B eMarketplace, and network performance is critical," said Glen Meakem, FreeMarkets' Chairman 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. . "Netcool is used by many of the world's leading Internet providers to maintain service, and we're bringing that same level of assurance to companies around the world accessing our eMarketplace." "FreeMarkets' real-time, global auctions routinely net contracts worth tens of millions of dollars," said Greg Brown, Micromuse's Chairman and CEO. "There is little margin for error or for applications or services to be lost. Netcool is providing FreeMarkets with this concise, real-time information that enables 24x7 service availability. The Netcool solution will also scale as FreeMarkets continues to grow and their infrastructure expands." During online auctions, staff in FreeMarkets' Market Operations Center monitor network performance to ensure that participants from around the globe are able to interact with the FreeMarkets B2B eMarketplace. In the architecture designed by Windward Consulting Group, Inc., a systems integrator for service providers, Micromuse's flagship application Netcool/OMNIbus(TM) is providing real time monitoring of FreeMarkets Web servers, switches, and routers. This allows the operations team to address infrastructure problems such as traffic overloads or memory issues before they cause an application or service to go down. In the period between auctions, Netcool/OMNIbus helps the operations team maintain the availability of FreeMarketPlace, which includes thousands of suppliers, online Request for Quotation A Request for Quotation (referred to as RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products and/or services. An RFQ typically involves more than the price per item. (RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ) development tools, and a fully-managed marketplace that includes industry-leading BidWare auction technology and other market mechanisms. Because it is scalable and deploys rapidly, the Netcool business model allows service providers to expand their networks as their markets grow. About FreeMarkets FreeMarkets is the world's leading B2B eMarketplace, with online auction markets for industrial parts, raw materials, commodities and services. The Company created online auctions for over $2.7 billion worth of purchase orders in 1999 and nearly $1.0 billion worth of purchase orders in 1998. Since 1995, FreeMarkets has created online auctions for products in more than 70 supply verticals, including injection molded plastic parts, commercial machinings, metal fabrications, chemicals, printed circuit boards, corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. packaging and coal. More than 3,000 suppliers from over 45 countries have participated in the FreeMarkets B2B eMarketplace. FreeMarkets provides access to its eMarketplace to industrial buyers and suppliers. The infrastructure behind the FreeMarkets eMarketplace includes industry-leading online auction technology, technical operations, industrial market making services, access to a global database of suppliers and supplier research, call center support to buyers and suppliers in over 30 languages, and marketplace rules. The Company's current clients include United Technologies Corporation, The Quaker Oats Company, Owens Corning, Eaton Corporation, Emerson Electric Company Emerson Electric Company NYSE: EMR was established in 1890 in St. Louis, Missouri, USA, by the brothers Charles and Alexander Meston along with the principal investor: John Wesley Emerson. The company was then known as Emerson Electric Manufacturing Co. , FirstEnergy Corp., SmithKline Beecham plc, Navistar International and Delphi Automotive Systems Corporation. FreeMarkets can be found on the Web at www.freemarkets.com. FreeMarkets is a registered trademark of FreeMarkets, Inc. About Micromuse Micromuse Inc. (Nasdaq: MUSE) is the leading provider of fault and service-level management software. Micromuse recently earned the highly acclaimed "Best of Show" award in the network management category at NetWorld + Interop '99 Atlanta. Micromuse customers include AirTouch, America Online, AT&T, BT, Cable & Wireless, Cellular One, Charles Schwab, Deutsche Telekom, Digex, GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) , ICG ICG indocyanine green. Communications, ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium ITC n abbr (BRIT) (= Independent Television Commission) → ^DeltaCom, JC Penney, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. Worldcom, MindSpring Enterprises, NextLink, and a number of financial investment concerns. Headquarters are located at 139 Townsend Street, San Francisco, Calif. 94107; (415) 538-9090. The Web site is at www.micromuse.com. Netcool is a registered trademark of Micromuse. All other trademarks and registered trademarks in this document are the properties of their respective owners. Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in 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. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from the forward-looking statements include the following: fluctuations in customer demand, the Company's ability to manage its growth (including the ability to hire sufficient sales and technical personnel), the risks associated with the expansion of the Company's distribution channels, the risk of new product introductions and customer acceptance of new products; the rapid technological change which characterizes the Company's markets, the risks associated with competition, the risks associated with international sales as the Company expands its markets, and the ability of the Company to compete successfully in the future, as well as other risks identified in the Company's Securities and Exchange Commission Filings, including but not limited to those appearing under the caption "Risk Factors" in the Company's most recent Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. and on 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. on file with the Securities and Exchange Commission and available on the Company's Web site. |
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