Burlington,
Mass. and Redwood City, Calif., February 26, 2001 - Emptoris,
Inc., the leader in web-based strategic sourcing solutions for
Global 5000 companies and net markets, and diCarta, Inc., the
award-winning leader of Internet-based business-to-business contract
and revenue management solutions, today announced a partnership
that will allow enterprises participating in online procurement
to manage integrated strategic sourcing and contract management
processes online.
Under
the terms of the agreement, Emptoris' ePASSä, a web-based
strategic sourcing solution, will integrate with diCarta Contractsä,
a web-based contract lifecycle management application. The combination
of the diCarta and Emptoris solutions will enable buyers to fully
conduct a wide range of purchasing functions online, including
flexible RFQ/RFP generation and management, customized supplier
bidding, advanced decision support, and contract negotiation,
execution, and renewal.
"Purchasing
decisions have a huge impact on a company's profits and ability
to cut costs," said Scott Martin, president and CEO, diCarta.
"As a leading provider of web-based strategic sourcing solutions,
Emptoris enhances a company's purchasing power through optimization-based
decision support. The combination of Emptoris and diCarta gives
purchasing professionals the ability to choose the right suppliers,
negotiate the best prices for goods and services, and ensure suppliers
meet their obligations. By streamlining all aspects of business
online, from the initial buyer's RFQ to the final electronic signature
to bind the agreement, Emptoris and diCarta can help companies
save millions of dollars in unnecessary expenditures."
The
combination of diCarta Contracts and ePASS will enable companies
to manage critical components of the e-procurement process through
one seamless solution. By implementing ePASS, buyers accelerate
the sourcing cycle. ePASS' customizable business rules, automated
workflow and patent-pending optimization technology allow Emptoris'
partners and customers to rapidly deploy industry-specific sourcing
solutions, determine the best purchase recommendation based on
the lowest total cost, and build collaborative buyer/supplier
relationships.
diCarta
Contracts will provide Emptoris customers with value-added contract
management services that allow buyers to execute and track agreements
with suppliers. diCarta Contracts greatly reduces the time it
takes to execute the vendor agreements that govern day-to-day
procurement and provides the ability to monitor vendor performance.
On the sell-side, diCarta Contracts manages complex sales contracts
and tracks associated obligations and revenue streams, resulting
in reduced administration time and cost, increased revenues from
renewals, and decreased legal and financial risks.
"By
partnering with leading B2B solution companies, such as diCarta,
Emptoris is providing its customers with end-to-end e-procurement
solutions," said Avner Schneur, president and CEO, Emptoris.
"diCarta's best-of-breed contract management solution, diCarta
Contracts, is a natural fit for Emptoris' ePASS. The combination
of these products enables enterprises to automate and optimize
the procurement process from RFQ creation to the signed contract
through a single interface. diCarta has established itself as
a proven leader in the contract management space and Emptoris
is pleased to partner with diCarta to further optimize the e-procurement
experience."
About diCarta, Inc.
diCarta offers the first B2B collaborative contract management
solution that streamlines the entire contract life cycle. diCarta
Contracts, a web-based solution, enables enterprises and Internet
trading exchanges to collaborate with customers and suppliers
on contract terms and conditions, and to increase visibility into
revenue management, future obligations and renewals. This allows
companies to accelerate contract processes while minimizing legal
and financial risk. Using diCarta's Zero-Impact ActivationTM methodology,
customers realize system benefits rapidly with minimal organizational
impact. Founded in October, 1998, diCarta is headquartered in
Redwood City, California. diCarta venture capital investors include
Sequoia Capital, responsible for funding successful companies
such as Agile (NASDAQ:AGIL), Apple Computer (NASDAQ:APPL), Cisco
Systems (NASDAQ:CSCO), and Yahoo (NASDAQ:YHOO); Capital Research
and Management Company, advisor to the American Funds Group; The
Roda Group, lead investors in Ask Jeeves (NASDAQ:ASKJ); and Skywood
Ventures; as well as strategic investors Comdisco Ventures, Cooley
Godward, Deloitte Consulting, Octane Capital Management, Prang
Enterprises, and other private investors. For more information
about diCarta solutions visit www.dicarta.com,
send email to info@dicarta.com, or call 650.474.3800.
About
Emptoris, Inc.
Emptoris, Inc. is the leader in Web-based strategic sourcing solutions
for Global 5000 companies and net markets. By implementing ePASS,
buyers accelerate the sourcing cycle and achieve unprecedented
savings, suppliers protect profit margins and compete on overall
value, and net markets meet the complex needs of high-value purchases
and continue to drive liquidity. ePASS' customizable business
rules, automated workflow and patent-pending optimization technology
allow Emptoris' partners and customers to rapidly deploy industry
specific sourcing solutions, determine the absolute best purchase
recommendation based on the lowest total cost, and build collaborative
buyer/supplier relationships. Emptoris is privately held and is
a Partner Company within the Internet Capital Group (Nasdaq: ICGE)
Network. The company is headquartered in Burlington, Massachusetts.
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