M2 PRESSWIRE-31 March 1999-COMMERCE ONE: Commerce One redefines electronic commerce with world's largest, open business to business marketplace (C)1994-99 M2 COMMUNICATIONS LTD
RDATE:290399
* Industry leader announces open marketplace, new products and services, and new customers
WALNUT CREEK, Calif -- In a series of bold announcements made today, Commerce One, Inc. unveiled plans to change the face of the business-to-business e-commerce market. Commerce One has enabled the world's largest business-to-business trading community comprised of interoperable marketplaces deployed across three key geographies currently representing a total annual buying power of $161 billion. Together these announcements offer unprecedented economies of scale for buying organizations, suppliers and. commerce service providers across the globe.
Specifically Commerce One announced:
* Commerce One MarketSite 3.0, Open Marketplace Platform; a software platform to build new marketplaces and link existing trading communities. MarketSite 3.0 provides the ideal platform to enable the creation of horizontal, regional and vertical marketplaces linked together to create a virtual trading web.
* Commerce One MarketSite.net, a B to B Marketplace Portal, built on the MarketSite platform that interoperates with Commerce One BuySite, Electronic Procurement Application and other leading buying and selling applications. Additionally, MarketSite.net delivers a comprehensive set of new global commerce services.
* Collaboration with world-class market makers, including BT, to build additional marketplaces that will interoperate with MarketSite.net to form the world's largest business-to-business marketplace. This creates the opportunity for buyers to reach an unprecedented set of global suppliers, while giving suppliers access to the Internet's largest B to B marketplace.
"Commerce One has taken the concept of real-time, dynamic trading and redefined it for the 21st Century. No other company to-date has delivered this kind of solution to the market," said Mark Hoffman, president and CEO of Commerce One. "Today's announcements shift the playing field to a whole new generation of e-commerce. By developing an open platform and joining forces with industry leaders to deliver open marketplaces that interoperate, we are providing unlimited opportunities for trading partners that participate in this global trading community."
Commerce One MarketSite.net -- Open Today
In a separate announcement issued today, Commerce One also launched Commerce One MarketSite.net, the first open business-to-business marketplace portal for electronic procurement, providing unprecedented services and interoperability with numerous buying and selling applications as well as other portals in the market. MarketSite.net is built on the MarketSite platform, which has supplied transaction and content management services to buyers and suppliers since March 1998.
Commerce One has dramatically expanded the breadth and reach of the marketplace portal by, making MarketSite.net accessible by popular buying and selling applications, in addition to access through Commerce One BuySite, Electronic Procurement Application. MarketSite.net is now available to buying organizations using Rightworks' ProcureWorks buying application and SAP's R/2 and R/3 purchasing modules. MarketSite.net is also accessible by suppliers using only a browser or by integrating with suppliers'websites built with popular selling solutions such as those offered by Intershop or Microsoft Commerce Server with the addition of BizTalk.
"We are excited to be a part of revolutionizing the way business-to-business electronic commerce is conducted," said Donald Bielinski, group president of W.W. Grainger, the leading business-to-business distributor of maintenance, repair, and operating (MRO) supplies and related information. "The interoperability between our commerce portals, Grainger.com and MarketSite.net, will allow us to leverage our comprehensive content, reach new prospects and better service our existing customers."
"RightWorks' ProcureWorks customers will have the opportunity to access a large supplier base and its catalog content through our work with Commerce One," said Vani Kola, CEO, president and founder of RightWorks Corporation. "Commerce One's open strategy, the basis for the Commerce One MarketSite, is a major step for our industry and will be of great benefit to both buying and supplying communities"
"Intershop shares Commerce One's vision of a marketplace with online dynamic trading communities," said Ed Callan, vice president of marketing for Intershop Communications, Inc., one of the world's largest providers of electronic commerce software. "Working with Commerce One will open up a tremendous opportunity for Intershop customers by enabling them to reach a powerful new sales channel through the MarketSite commerceportal."
MarketSite.net also delivers a comprehensive set of business services including payment services from American Express, GE Capital and Verifone; tax services through an alliance with TAXWARE; and web-based transportation and information services provide by UPS and TanData. By building these marketplace services directly into the MarketSite.net portal, all members of the trading community can easily benefit from these services without having to install additional software or do point-to-point integration with these third-party service providers.
"MarketSite.net will enable us to have more efficient communications with our suppliers; thereby further increasing the efficiency of our Field operations and of our procurement professionals," said Alain-Michel. Diamant-Berger, procurement process leader of Schlumberger Oilfield Services, the leading supplier of services and technology to the international oil. and gas industry. "We will also gain access to new suppliers through this open portal and be able to leverage the multiple value-added services it offers."
Commerce One MarketSite 3.0
Commerce One also announced today Commerce One MarketSite 3.0, Open Marketplace Platform to provide organizations such as BT, NTT and other regional and vertical market makers with the software platform to build open marketplaces that will interoperate. This open platform accelerates the creation of business marketplaces. Additionally, MarketSite 3.0 delivers the following value-added marketplace services:
* Managed Content -- utilizing a unique publish once, in any format, model that removes the burden and cost of managing electronic content from both buyers and suppliers.
* Automated Transaction Support -- enables real-time automated buying and selling between trading partners, supporting heterogeneous systems and multiple transaction types.
* Business Services -- includes shipping, tax and payment services.
* Hosted Applications -- will deliver hosted applications targeted at the small and medium enterprise market. Applications include a hosted procurement application for buyers and hosted order management for suppliers.
Additionally, MarketSite 3.0 features breakthrough XML technology that eliminates the need for expensive customer point-to-point integration. It creates truly open trading communities where buyers and suppliers can register and immediately transact with any registered user.
"The electronic procurement market has gone through several generations and today's announcement marks the beginning of its next generation" said Jay M. Tenenbaum, VP and Chief Scientist at Commerce One and former Chairman of Veo Systems, the company that pioneered XML-based commerce. "The first generation systems focused on automating catalogs within the buying organization and the second generation rushed to link buying and supplying organizations together in a shared environment with real-time capabilities. Now we are witnessing the third generation, namely, the ability to create open, dynamic highly scalable marketplaces that offer unprecedented benefits to the entire trading community."
Unrivaled Alliances and Industry Support For Open Interoperable Marketplaces
Commerce One is working with BT to establish a marketplace in the UK as well as other market makers to establish geographical and vertical marketplaces (see BT press release issued on February 24, 1999, and NTT press release issued today). Each marketplace that is developed on MarketSite will intemperate with MarketSite.net to form the largest open marketplace in the world, allowing users anywhere to trade with partners connected to any marketplace and access the services offered through each marketplace.
Commerce One also announced unprecedented industry support for MarketSite from over 40 market leaders, including industry standards organizations, software and services providers, buying organizations and supplying organizations.
Leadership Momentum
With over 20 enterprise customers, Commerce One is a market leader in the business-to- business e-commerce marketplace. Today's announcements solidify that leadership role through the largest marketplace available to buying and selling organizations. Unlike other solutions in the marketplace, Commerce One is the only company delivering an open commerce platform that supports multiple buying and selling. applications and enables multiple marketplaces to interoperate together to create the largest marketplace in the world.
About Commerce One
Commerce One is the leading provider Of Electronic commerce solutions that dynamically link buying and supplying organizations into real-time trading communities. The Commerce Chain Solution by Commerce One, comprised of Commerce One BuySite and Commerce One MarketSite, enables companies to significantly reduce operational costs and increase efficiency by automating the entire indirect goods and services supply chain. As a result, enterprise organizations are able to realize it strategic competitive advantage as well as a rapid return on investment.
Commerce One is located in Walnut Creek. Calif. and can be reached by phone at (800) 308 3838 or (925) 941 6000 or via the Internet at http://commerceone.com.
CONTACT: Susan Dwyer, Commerce One Tel: +1 925 941 4386 e-mail: susan.dwyer@commerceone.com Carolyn Wilkins, The Horn Group Tel: +1 415 905 4000 e-mail: cwilkins@commerceone.com
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