Utility.com Joins Vitria Business Network to Build Premier Trading Exchange for Utilities Industry.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--May 17, 2000 World's First Internet Utility Software used to search the Internet. See Archie, Gopher, Veronica, WAIS and Web browser. Company Will Use Vitria's ebusiness Platform and Network to Enable Consumers to Buy Discounted Utility Services, Such as Electricity, Gas and Internet Access, With a Single Click Vitria Technology, Inc. (Nasdaq:VITR VITR Vitria Technologies (stock symbol) VITR Visible and Thermal Infrared Radiometer ), a leading ebusiness platform provider, today announced that Utility.com, the world's first Internet utility company, has joined the Vitria Business Network (VBN See visitor-based networking. ) and will use Vitria's ebusiness platform to electronically link Utility.com's online customers with a wide range of new and emerging providers of utility services including electricity, gas and Internet access. The VBN is a network of Vitria-enabled trading communities that facilitates quick and easy electronic access to a wide range of product and service providers in a variety of industries. By joining the VBN, Utility.com can use Vitria's BusinessWare ebusiness platform to electronically bond to its own trading partners as well as other pre-existing communities, thereby accelerating its ability to bring new products and services to market and streamlining its delivery chains. Vitria's ebusiness platform will link the Utility.com Web site to a variety of internal billing, customer care, customer information and accounting systems, providing Utility.com customers with access to detailed information. Access to the VBN will also enable Utility.com to bond electronically with its key partners and suppliers, enabling automatic, real-time exchange of information and transactions. These electronic bonds will leverage a variety of business-to-business ecommerce standards including XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. . By automating the flow of information and transactions across the entire value chain, Vitria will enable Utility.com to reduce the time and costs associated with delivering discounted utility services to consumers online. The VBN will also provide Utility.com with access to a large and growing network of other trading partners, services and products to complement its own. "Vitria's comprehensive ebusiness platform and the VBN will enable Utility.com to support our business as we continue to expand our supplier base and grow our customer base for utility services across the country," said Chris King, 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. , Utility.com. "Vitria's flexible and robust 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 infrastructure will enable us to offer customers what they want: more choice, more savings and more convenience." "Utility.com is a showcase example of how the Internet can redefine a traditional industry," said JoMei Chang, president and CEO of Vitria. "We are delighted that Utility.com has chosen Vitria's ebusiness platform and the VBN to capitalize on this exciting ecommerce opportunity." Utility.com is currently registered to provide energy services in Arizona, California, Massachusetts, Nevada, Pennsylvania and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and it is seeking licenses to provide services to 23 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). by the end of 2001. The company also provides Internet access and Appliance Service Plans to customers throughout the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. . "Vitria is the perfect tool not only to handle the complex business processes that pervade per·vade tr.v. per·vad·ed, per·vad·ing, per·vades To be present throughout; permeate. See Synonyms at charge. [Latin perv the deregulated marketplaces, but also to handle the complex and business-to-business interactions required when building digital trading exchanges in these marketplaces," said David Mysona, CEO, Blackstone Technology Group. About Vitria Vitria Technology, Inc. is a leading ebusiness platform provider. Vitria's ebusiness platform, BusinessWare(R), automates mission-critical business processes across the extended enterprise, reducing time to market, shortening lead times, lowering operating costs, and increasing customer satisfaction. Vitria is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (Nasdaq:VITR) based in Sunnyvale, California. For more information, call 408/212-2700, visit the company's web site at www.vitria.com, or send email to info@vitria.com. About Utility.com Utility.com (www.utility.com), the world's first Internet utility company, is redefining utilities to include a range of energy and telecommunications services for consumers and small businesses. Named the Best-Performing Utility Web Site in the World by Andersen Consulting, Utility.com will offer services including electricity, gas, telephone and Internet access as well as advanced services such as Digital Subscriber Line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary ) and Internet telephony. Utility.com is putting the $500 billion energy and telecommunications industry online, delivering convenient services with affordable pricing through proprietary technology. Based in Albany, Calif., Utility.com is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that was founded in 1998 by energy and Internet industry experts, including idealab!, the innovator behind such companies as eToys, GoTo.com, PETsMART.com, CitySearch, tickets.com and NetZero. This press release includes forward-looking statements that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to, risk as related to market acceptance of Vitria's product, deployment delays or errors associated with these products, hardware platform incompatibilities, reliance on a limited number of customers for a majority of revenue, need to maintain and enhance certain business relationships with system integrators and other parties, ability to manage growth, activities by Vitria and others regarding protection of proprietary information, release of competitive products and other actions by competitors, Year 2000 problems and economic downturns in either domestic or foreign markets. These forward-looking statements are generally identified by words such as "expect," "anticipate," "intend," "believe," "hope," "assume," "estimate" and other similar words and expressions. |
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