WorldCrest Deploys webMethods for Trading Networks to Connect ITS Members and Suppliers.Business/Technology Editors FAIRFAX, Va. and ATLANTA, Ga.--(BUSINESS WIRE)--March 20, 2001 webMethods, Inc. (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 :WEBM WEBM webMethods Inc. (stock abbreviation, AMEX) ), the leading provider of integration software solutions, and WorldCrest, a leading provider of strategically sourced content for indirect goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. , today announced WorldCrest has deployed webMethods for Trading Networks to connect WorldCrest members to strategically sourced content for indirect goods and services. webMethods for Trading Networks is the foundation for the WorldCrest Commerce Integrator, WorldCrest's solution for streamlining member and supplier communications. The WorldCrest Commerce Integrator provides WorldCrest members with a single connection to strategically sourced content from multiple suppliers of indirect goods and services. WorldCrest utilizes webMethods for Trading Networks to tightly integrate members and suppliers regardless of their existing IT platforms. As one of several companies to deploy webMethods for Trading Networks, WorldCrest is leveraging the product to greatly simplify the task of integrating solutions for 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. , B2Bi and EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. . "webMethods for Trading Networks provides the production tools we need to execute flawless document routing among our members and suppliers," said Brad Berglind, chief technology officer for WorldCrest. "Moreover, it allows us to realize our objective of enabling our customers' e-procurement processes while realizing lower item and transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). ." "WorldCrest is streamlining the procurement of indirect goods and services for its members. With their rapidly growing market, they required an easy to implement solution for operational management, partner profiling and rules-based document exchange. webMethods for Trading Networks gives them this business-level view of the flow of information through their network," said Kristin Weller, webMethods' vice president, Product Development. webMethods for Trading Networks enables Global 2000 companies to build, manage and analyze high-volume, real-time trading networks. These networks allow companies to automate and streamline their business processes, eliminate unnecessary manual procedures and reduce costs associated with processing errors. Working in conjunction with the powerful webMethods 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 (TM) platform, webMethods for Trading Networks delivers a dynamic infrastructure with highly configurable business analysis and operational control. webMethods for Trading Networks accelerates integration, streamlines business processes and increases visibility across the entire trading network--providing real-time business views into trading partner interactions. About WorldCrest Headquartered in Atlanta, Ga., WorldCrest is a leading provider of strategically sourced content that enables e-procurement for indirect goods and services. Through WorldCrest's innovative business model, members benefit from strategic sourcing expertise, catalog management services and cost effective e-commerce connectivity powered by Oracle OEX OEX The ticker symbol for the Standard & Poor's 100 Index. Notes: The S&P 100 is a market-capitalization weighted index of 100 stocks from a broad range of industries. technology. WorldCrest also has developed a network of global suppliers that benefit from immediate access to the company's entire member base. For more information on WorldCrest and its products and services please visit www.worldcrest.com. About webMethods, Inc. webMethods, Inc. (Nasdaq:WEBM) is the leading provider of integration software solutions for Global 2000 corporations, major B2B exchanges and leading software application vendors. The webMethods integration platform allows customers to achieve quantifiable R.O.I. by linking business processes, enterprise and legacy applications, databases and workflows both within and across enterprises. By deploying the webMethods integration platform, customers 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 550 customers worldwide--from Global 2000 leaders such as Citibank, Dell, Eastman Chemical, The Ford Motor Company, Grainger, Motorola and Starbucks to major industry-backed exchanges like ForestExpress, eHITEX/Converge and PetroCosm. webMethods' strategic partners include Ariba, Broadvision, Commerce One, 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. , 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, Microsoft, Oracle Corp., SAP AG and Siebel Systems. More information about the company can be found at www.webMethods.com. webMethods and webMethods B2B are trademarks of webMethods, Inc. All other company and product names are 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 in the Risk Factors section of webMethods' recent Form 10-Q Form 10-Q See 10-Q. for the quarter ended December 31, 2000, as amended, which is on file with the Securities and Exchange Commission. |
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