Burlington,
Mass., September 10, 2001 - Emptoris, Inc., a leading provider
of collaborative strategic sourcing solutions, today announced that
Quadrem, the leading eMarketplace for the global mining, minerals
and metals industries, has selected Emptoris' ePASS™, a Web-based
collaborative strategic sourcing solution, as the strategic sourcing
platform for its eMarketplace.
Quadrem
is one of the world's leading eMarketplaces with buying participants
that are among the largest mining, metals and minerals producers,
representing $80 billion in procurement spend. ePASS will provide
Quadrem with an advanced, end-to-end strategic sourcing solution
that will offer its sellers and buyers a full range of sourcing
capabilities. To date, Quadrem has over 20 of the world's leading
resource enterprises as buying participants and over 350 suppliers
located around the globe.
"We've
built Quadrem to be a 'one-stop' e-commerce solution," said
Quadrem VP Marketplace Services, Mark Troughton. "With Emptoris'
ePASS we are offering our eMarketplace participants a powerful
e-sourcing platform with world-class decision support and RFQ
workflow capabilities that will automate and optimize the sourcing
process."
"Emptoris
is very pleased to add Quadrem to its list of recent ePASS customer
wins. Over the past few months we have gained tremendous momentum
and this announcement is further proof that Emptoris has become
a leader in the e-sourcing market," said Avner Schneur, President
and CEO of Emptoris. "In order for an eMarketplace to be
truly successful, it must create a collaborative environment where
buyers and suppliers can work together to make the best online
deals. By offering ePASS, Quadrem is enabling its mining, mineral
and metal buyers and suppliers to work collaboratively to make
the strategic sourcing process more efficient, resulting in true
bottom-line savings for everyone involved. Emptoris looks forward
to working with Quadrem to dramatically improve the way mining,
mineral and metal goods are sourced."
About
Quadrem
Quadrem is the eMarketplace for the global mining, minerals and
metals industries that is revolutionizing supply-chain processes
and offering unrivalled benefits for sellers and buyers. It has
been developed as a one-stop solution to meet the needs of this
industry. Many of the world's leading resource companies, and
their supply partners, are now integrating this Internet-based
electronic transaction platform to implement their long-term eCommerce
strategies. For more information, visit: www.quadrem.com.
About
Emptoris, Inc.
Emptoris is a leading provider of collaborative strategic sourcing
solutions that support the end-to-end sourcing activities of multi-tier
buyer/supplier networks. By implementing ePASS™ (Electronic
Procurement Application for Strategic Sourcing), enterprises can
streamline the strategic sourcing process, determine the optimal
allocation of business among suppliers, and forge tighter buyer/supplier
networks. Through a functionally rich sourcing and communications
platform, ePASS facilitates efficient buyer/buyer, buyer/supplier,
and supplier/supplier collaboration. Key benefits include lower
costs, shorter sourcing cycles, and improved sourcing productivity.
Emptoris, a privately held company, is headquartered in Burlington,
Massachusetts.
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