BURLINGTON, Mass., July 22, 2002 - Emptoris, Inc., a leading provider of collaborative strategic sourcing solutions, today announced that Exostar has selected Emptoris ePASS as the eSourcing platform for its Internet-based global exchange for the aerospace and defense industry. Exostar is an electronic business service provider that connects aerospace and defense manufacturers, suppliers and customers in a virtual marketplace for sourcing, commerce, and collaboration. The Boeing Company, an Exostar founding partner, began using ePASS to conduct live auctions on July 1.
Exostar will deploy Emptoris’ ePASS, a portfolio of Web-based eSourcing solutions, across its exchange to enable buying participants to conduct every phase of the sourcing process, including qualifying suppliers, aggregating demand, managing request for quotes (RFQs) and reverse auctions, and analyzing complex supplier bids. Through ePASS, Exostar’s member community of buyers will be able to lower the total cost of ownership by selecting the best mix of suppliers, products and services that achieve business objectives, minimize costs, improve product quality and reduce supply base risk. ePASS will also enable suppliers using the Exostar exchange to differentiate themselves through product criteria, historical performance and flexible pricing structures.
“eSourcing is a critical part of the overall procurement process for the participants in the Exostar exchange,” said Peter Scott, Program Manager, eSourcing Solutions, Exostar. “The companies participating in our exchange have different needs ranging from the execution of simple auctions to complete bid package management for complex sourcing activities. After evaluating a number of eSourcing vendors, we selected Emptoris’ ePASS. We viewed it as not only the most robust solution, but also an extremely easy-to-use platform for end users. With ePASS we will be able to offer our member community the tools they need to optimize their sourcing activities and achieve sourcing process and cost saving goals.”
“Large aerospace and defense companies are a natural fit for our ePASS solution,” said Avner Schneur, president and CEO of Emptoris. “Through Exostar’s deployment of ePASS, the leading companies in this market, such as their founding partners - BAE SYSTEMS, Rolls-Royce, Boeing, Lockheed Martin and Raytheon - will be able to significantly improve how they source the goods and services they need to manufacture products. Exostar’s mission is to revolutionize commerce for the aerospace and defense industries. By selecting ePASS as its eSourcing platform, Exostar has moved closer to achieving this goal. We look forward to working together with Exostar to optimize aerospace and defense procurement processes.”
About Emptoris
Emptoris is a leading provider of collaborative sourcing solutions that support the end-to-end strategic sourcing needs of Global 5000 companies. By implementing Emptoris’ ePASS, a portfolio of Web-based collaborative sourcing solutions, enterprises can streamline the strategic sourcing process, determine the optimal allocation of business among suppliers and forge tighter supplier relationships. Key benefits include lower costs, shorter sourcing cycles and improved buyer/supplier collaboration. Emptoris, a privately held company, is headquartered in Burlington, Massachusetts.
About Exostar
Exostar is an electronic business service provider built for and with the $400 billion aerospace and defense industry. Exostar connects manufacturers, suppliers and customers in a highly secure virtual marketplace for sourcing, commerce and collaboration. Exostar's objective is to create value for members by reducing process costs and improving cycle times. It does this by providing on-line services and tools that the global aerospace and defense industry uses to standardize eBusiness processes and systems. Exostar's founding partners are BAE SYSTEMS (LSE: BA), Boeing (NYSE: BA), Lockheed Martin Corp. (NYSE: LMT), Raytheon Co. (NYSE: RTN, RTNB) and Rolls-Royce (LSE:RR). For more information, please visit www.exostar.com, or contact Karen Halligan at 703 793-7715.
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