SAQQARA Furthers Industry Support Through Leading B2B eCommerce Technology Partnerships.Business Editors/High-Tech Writers Commerce One and OnDisplay Select SAQQARA's Cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to Program as Supplier Content Enablement Reference SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--May 16, 2000 SAQQARA Systems, Inc., a proven leader in providing business-to-business eCommerce software and services, today announced that it has entered into a non-binding, preliminary memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with respect to a strategic alliance with Commerce One, Inc. (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ) and a strategic alliance with OnDisplay(R) Inc. (Nasdaq:ONDS), both 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 software vendors. The memorandum of understanding with Commerce One anticipates that Commerce One will support SAQQARA's Cornerstone Program by referring suppliers to SAQQARA as a recommended and approved vendor for content enablement solutions. OnDisplay, a leading provider of e-business infrastructure software for powering e-business portals and e-marketplaces, will refer customers in need of hosted product content enablement solutions to SAQQARA. In addition, OnDisplay and SAQQARA have formed a technology partnership with the company licensing OnDisplay's CenterStage technology to solve the widespread problem of product content syndication See syndication format. . SAQQARA's Cornerstone Program will provide services that cleanse cleanse tr.v. cleansed, cleans·ing, cleans·es To free from dirt, defilement, or guilt; purge or clean. [Middle English clensen, from Old English , transfer, extend and categorize cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat suppliers' product information as well as update, transform, map and exchange supplier product content with trading partners. The business-to-business eCommerce marketplace has been forecasted to reach $7.3 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. worldwide in 2004 (GartnerGroup, January 2000); SAQQARA addresses several segments of this high-potential market. With leading eCommerce application companies referring potential customers to SAQQARA's Cornerstone Program, SAQQARA has strengthened its leadership position in the product content enablement space. "SAQQARA has traditionally focused on providing the most effective solutions for suppliers. By partnering with industry leaders we have enhanced the efficiency of our solution for suppliers as well as net market makers and buyers," said Bob Payne, 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 SAQQARA Systems, Inc. "Commerce One and OnDisplay share a common goal with SAQQARA -- furthering the growth of business-to-business eCommerce. This is an exciting and profitable opportunity for us, our partners and customers." Prior to engaging in eCommerce, suppliers need a product content enablement solution that will prepare product content for eCommerce, allow them to continually manage it and enable them to syndicate it to their trading partners. SAQQARA, as the premier content services provider, has licensed OnDisplay's software to facilitate the aggregation and syndication of this product information. In turn, OnDisplay will refer customers in need of product content enablement solutions to SAQQARA's Cornerstone Program. "OnDisplay is committed to providing our marketplace customers with the superior products and services that enable them to rapidly build and manage lasting, high-value e-business relationships with trading partners," said Peter Buzzard buzzard, common name for hawks of the genus Buteo and the genus Pernis, or honey buzzard, of the Old World family Accipitridae. Honey buzzards feed on insects, wasp and bumblebee larvae, and small reptiles. , vice president of marketing for OnDisplay. "SAQQARA's new Cornerstone Program not only provides the essential product content cleansing service many of our customers need, but also extends our technology into a hosted environment to provide a valuable content syndication service for the industry. Together we enable suppliers to quickly and directly participate in the B2B eCommerce opportunities provided by multiple trading partners." The anticipated alliance with Commerce One will boost SAQQARA's customer base through referrals. It is believed that by increasing suppliers' ability to interact with Commerce One powered marketplaces, SAQQARA will strengthen the companies' relationship with their suppliers, leading to market liquidity by enabling more suppliers to freely participate in the eMarketplaces. "Through our extensive experience with our exchange and enterprise customers we recognize that one of the bottlenecks to rapid liquidity in many net marketplaces is the challenge to acquire supplier content, enrich it and make it acceptable for ecommerce," said Amos Barzilay, vice president and general manager of Commerce One's Supplier and Content Solutions Group. "We are pleased SAQQARA recognized the need of suppliers to easily publish content to the Commerce One Global Trading Web participants, including regional and vertical net market makers and enterprise buyers." About SAQQARA Systems, Inc. SAQQARA was founded in 1995 and is recognized as a leading provider of electronic content management and publishing software for business-to-business electronic commerce. SAQQARA's Commerce Suite of database-driven software applications enables businesses to create complete and structured product information databases for Web-publishing. These solutions include a "search and compare" process known as Step Search(R), which helps users find desired products quickly to make informed buying decisions. By deploying the SAQQARA Commerce Suite, businesses have a front-end application to launch customized commerce strategies that include integration with existing enterprise systems and 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 supply chain partners. SAQQARA is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation with headquarters in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. and European operations based in Paris, France. For further information about the company and its products, visit http://www.saqqara.com or call 1-408-325-8200. About OnDisplay One of 1999's ten most successful IPOs, OnDisplay is a leading provider of e-business infrastructure software applications for powering e-business portals and e-marketplaces. OnDisplay's CenterStage(R) product suite enables customers to increase their online selling effectiveness and extend their trading networks to suppliers and vertical marketplaces. OnDisplay has provided critical e-business infrastructure software and services to such e-business pioneers as W.W. Grainger, Alta Vista's Shopping.com, Intelisys, Travelocity.com, OrderTrust, TPN TPN, in biochemistry, abbreviation for triphosphopyridine nucleotide, a coenzyme now usually called nicotinamide adenine dinucleotide phosphate, or NADP. Register, MicroWarehouse, FASTXchange.com, PurchasePro.com, Harbinger har·bin·ger n. One that indicates or foreshadows what is to come; a forerunner. tr.v. har·bin·gered, har·bin·ger·ing, har·bin·gers To signal the approach of; presage. .net, Aspect Development and more. The company has strategic relationships with leading industry players including BroadVision, Commerce One, Harbinger, 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) , Intelisys, Manugistics, Microsoft, Sterling Commerce and Vignette Vignette A symbol or pictorial representation of the corporation on a stock certificate. Usually a complicated and artistic design, it is meant to make the counterfeiting of stock certificates as difficult as possible. . Founded in 1996, OnDisplay is a public company traded on the Nasdaq in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. under the symbol ONDS. Headquartered in San Ramon, California San Ramon is a city in Contra Costa County, California, United States. It is a part of the San Francisco Bay Area. Since 1980, the population of San Ramon has increased by over 128% from 22,356 to 51,027 in 2005. , OnDisplay can be reached at 1-800-508-8800 and at http://www.ondisplay.com. About Commerce One Commerce One (Nasdaq:CMRC) is the leader in global eCommerce solutions for business. Through its products, portals, and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Commerce One Global Trading Web(TM) is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. Commerce One is located in Pleasanton, Calif., and can be reached by phone at (800) 308-3838 or (925) 520-6000 or via the Internet at http://www.commerceone.com/. Forward Looking Statements Certain statements made in this press release by Commerce One are not historical facts but are "forward looking statements" and may involve risks and uncertainties which could cause actual future results to differ materially and adversely from those anticipated by such statements. Included among the factors that could affect Commerce One's performance are: the performance of its strategic alliances and partners, general economic conditions; fluctuations in operating results; its ability to effectively manage future growth, to retain and efficiently integrate our executive management team, and to identify, hire, train and retain, in a highly competitive market, individuals highly skilled in the Internet and its rapidly changing technology; significant revenue concentration in a limited number of clients; the lack of long-term contracts; its ability to enter into, and retain its existing, strategic relationships; market acceptance, rapid technological change, a decline in Internet usage, and intense competition in its market; its ability to effectively integrate the operational, managerial and financial aspects of future acquisitions; and its ability to obtain financing when required. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its annual report 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. for the year ended December 31, 1999. Note to Editors: SAQQARA Systems is a registered trademark and Cornerstone is a trademark of SAQQARA Systems, Inc. All other company and product names mentioned herein are trademarks of their respective holders. |
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