webMethods Aggresively Expands Presence in Asia Pacific; New Operations, Customers and Partners Demonstrate Increasing Demand for webMethods B2Bi Solutions.Business/Technology Editors FAIRFAX, Va.--(BUSINESS WIRE)--Dec. 27, 2000 webMethods, Inc. (Nasdaq: WEBM WEBM webMethods Inc. (stock abbreviation, AMEX) ), the leading provider of business-to-business integration (B2Bi) solutions, today announced it has aggressively expanded its presence throughout Asia Pacific to support the growing demand for the Company's B2Bi solutions. During the last six months, webMethods established operations in Australia, Japan, Korea, Singapore and Taiwan to provide enhanced product sales and technical support to both existing and potential customers. The success of this initiative is illustrated by key customer wins and the establishment of critical partnerships throughout the region. "As the leading provider of 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 integration software, we see significant opportunity throughout the Asia Pacific region," said Phillip Merrick, 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. , webMethods, Inc. "By expanding our global presence, we can help Asia Pacific companies successfully move forward with their B2B initiatives to reduce supply chain inefficiencies and participate in B2B exchanges." Expansion in Asia Pacific Founded in Fairfax, Va. in 1996, webMethods expanded into Europe during 1999 and this year continued its global expansion with the addition of operations in Asia Pacific. Over the last several months, webMethods has established operations in Australia, Japan, Korea, Singapore and Taiwan. webMethods Asia Pacific operations are spearheaded by Mr. Thomas N. Erickson, webMethods' Vice President of Asia Pacific Operations. "Customers require a sales force and technical support group who understand local markets and offer the best quality and most reliable service," said Mr. Erickson. "Expanding our Asia Pacific presence fulfills this need and supports the increased demand for webMethods B2Bi solutions throughout the region. With operations throughout key Asia Pacific countries, webMethods has secured its position as one of the foremost global B2Bi software providers." The Right Time for B2B in Asia According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the GartnerGroup, by 2003, online B2B transactions in the Asia-Pacific region will be worth $270 billion a year, about 20 percent of the world total. B2Bi is an essential requirement for success in today's fast-paced, global economy. Unparalleled opportunities exist to expand markets, increase efficiency, reduce costs, and offer customers and partners seamless access to information. To capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. these opportunities, organizations worldwide are turning to B2Bi as a competitive necessity. webMethods provides Global 2000 companies and leading B2B marketplaces with the only comprehensive suite of B2Bi solutions for seamlessly integrating business processes inside the enterprise and with partners and customers over the Internet. webMethods has won significant business from Global 2000 companies and key B2B marketplaces, with a global customer base of more than 500 organizations. webMethods' growing list of Asia Pacific customers includes industry leaders such as NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform , NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , Corporate Express, Legend Computer, Maxis, Singapore Dept of Defense, Eastar Technology, ITTS See CD Text. , SESAMi.com, United Microelectronic Corp. (UMC UMC United Methodist Church UMC United Microelectronics Corporation UMC University Medical Center UMC United Microelectronics Corp (Republic of China) UMC University of Missouri-Columbia ), Asustek Computer Inc. and Volante. Partnering for Success webMethods continues its successful global strategy of delivering solutions via partners across the Asia Pacific region. Global partners include Ariba, CommerceOne, Deloitte Consulting, i2, Oracle and SAP. Regional partners include Softbank Technologies and NTT Software in Japan, OpenTide and Samsung SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. in Korea, xchange21 and Intracomm in Southeast Asia, Computer Data Vision, Inc. in the Philippines, Inter-Enterprise Solutions in Malaysia, eCom Software in Taiwan and e2e Business Solutions Ltd. in Hong Kong and mainland China. Industry's First Comprehensive Solution The webMethods B2Bi solution is the industry's first comprehensive solution that quickly and seamlessly integrates business processes across the extended enterprise, spanning the new generation of trading networks and exchanges to enterprise applications and legacy mainframe systems. Through broad support of open standards, the webMethods family of products provides the critical B2Bi software that enables companies to form powerful trading networks with customers, suppliers and partners. About webMethods, Inc. webMethods, Inc. (Nasdaq: WEBM) is the leading provider of software solutions for business-to-business integration (B2Bi). As the only company providing seamless B2Bi across the Internet and throughout the extended enterprise, webMethods provides Global 2000 companies and B2B marketplaces with a complete, end-to-end solution for integrating customers, suppliers and partners into real-time B2B trading networks, while also increasing internal operational efficiencies. The webMethods product family allows companies to create new revenue opportunities, strengthen relationships with customers, substantially reduce supply chain inefficiencies and streamline internal business processes. Founded in 1996, webMethods is based in Fairfax, Va., with offices across the U.S., Europe and Asia. With an emphasis on key vertical markets such as chemicals, financial services, high-tech manufacturing and telecommunications, webMethods has more than 500 customers worldwide--from Global 2000 leaders such as Citibank, Dell, Eastman Chemical Company Eastman Chemical Company is a United States based chemical company, engaged in the manufacture and sale of chemicals, plastics and fibers. Eastman has 16 manufacturing sites in 10 countries, supplying its products throughout the world. , Fidelity Investments, Grainger, Motorola and Starbucks to major B2B marketplaces like ChemConnect, e-STEEL and PetroCosm. webMethods' strategic partners include Ariba, 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 , Microsoft, Oracle Corp., SAP AG and Siebel. 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 Registration Statement on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2000, which are on file with the Securities and Exchange Commission. |
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