Research
Triangle Park, NC and Burlington, Mass.-July 10, 2000- Sapiens
International Corporation (NASDAQ: SPNS) and its subsidiary, eZoneXchange.com,
a provider of eFulfillment and integration solutions to B2B eMarketplaces,
and Emptoris, Inc., the leading provider of strategic B2B e-commerce
solutions for net market makers and the Global 2000, today announced
the formation of a strategic relationship. The companies will
jointly market and sell integrated solutions designed to automate
and optimize the procurement and fulfillment processes for sophisticated
B2B exchanges.
Under the terms of the agreement, Emptoris will provide Sapiens'
eZoneXchange.com customers with access to ePASS, a web-based procurement
software solution that extends beyond single item simplistic transactions
to enable strategic sourcing of direct materials and services
over the Internet. In return, eZoneXchange.com's eFulfillment
Logistics Commerce Hub and integration solutions will be offered
to Emptoris' Global 2000 customers who require full In Transit
Visibility through the supply chain process.
"Offering our eMarketplace customers the power to process
complex RFPs and RFQs via Emptoris ePASS, integrated with eZoneXchange.com's
eFulfillment and Logistics Commerce Hub, provides one of the most
complete B2B e-commerce platforms available today," said
Yuda Doron, CEO of eZoneXchange.com. "The relationship between
eZoneXchange.com and Emptoris will redefine the functionalities
of today's net markets."
"Software integration is a major concern for net market makers
deploying B2B initiatives," said Avner Schneur, President
and CEO, Emptoris. "ePASS is designed to be easily integrated
with other software solutions to provide B2B exchanges with the
most advanced e-procurement technology. The combination of ePASS
and eZoneXchange.com's eFulfillment Logistics CommerceHub and
integration solutions will provide our customers with a total
B2B platform, and give them the confidence that the solutions
they are buying will be seamlessly integrated and supported by
dedicated organizations."
As transactions conducted through B2B e-marketplaces increase,
and as participants require greater complexity in RFQ/RFP processing,
organizations are seeking sophisticated optimization engines which
fully integrate with their existing software systems. To answer
these demands, Emptoris' ePASS provides both buying and selling
professionals with the information and decision support they need
to carry out sophisticated strategic sourcing activities online.
Utilizing mathematical algorithms and highly customizable business
rules, ePASS is able to effectively match buyers with the suppliers
best able to meet the requirements of the RFQ/RFP. The combination
of Emptoris' ePASS and eZoneXchange.com will offer e-marketplace
users full visibility of purchasing data throughout the supply
chain execution process and will fulfill the increasingly complex
needs of today's net markets.
About eZoneXchange.com/Sapiens International Corporation
eZoneXchange.com is a subsidiary of Sapiens International Corporation
N.V. eZoneXchange.com is an eNet Market Technology Company, which
focuses on eFulfillment for B2B eMarketplaces. The company specializes
in two areas: "hard eFulfillment", by providing the
technological infrastructure and services to solve inefficiencies
in the transportation and logistics processes, as well as "soft
eFulfillment," which enables financial institutions to support
their communities/markets.
Sapiens International (NASDAQ: SPNS) is a global e-business solutions
provider. Sapiens delivers strategic end-to-end solutions that
enable customers to capitalize on their IT assets in the transition
to e-business. Sapiens' e-commerce solutions, such as eMerge Loan,
eMerge Insure and eMerge Supply Chain, as well as its cross-industry
offerings, such as eMerge and EuroMigration, apply new business
models and processes in the emerging, dynamic world of e-business
and help clients meet the challenges of euro migration and reengineering.
Applying proven technologies, Sapiens ensures fast time-to-market
and responsiveness to change. You are invited to visit us on the
World Wide Web at www.sapiens.com.
About Emptoris, Inc.
Emptoris, Inc. is the leader in strategic B2B e-commerce solutions
for net markets and Global 2000 companies. Emptoris' real world
procurement platform, ePASS', extends beyond single item simplistic
transactions to enable strategic sourcing of direct materials
and services over the Internet. ePASS' customizable business rules,
intelligent workflow and advanced decision support technology
allow Emptoris' partners and customers to rapidly deploy industry
specific e-marketplace solutions, build collaborative buyer-seller
relationships and quickly optimize multifaceted purchasing decisions.
Emptoris is a privately held company and is an Internet Capital
Group (Nasdaq: ICGE) Partner Company. The Company is headquartered
in Burlington, Massachusetts. For additional information, please
visit the Company's Web site at www.emptoris.com.
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