BURLINGTON,
Mass. and Ridgefield Park, NJ, July 17, 2000-Emptoris, Inc.,
the leading provider of strategic B2B e-commerce solutions for
net market makers and Global 2000 companies, and Samsung America,
Inc. (SAI), a leading global trading company dealing in chemical,
metal, natural resources and textiles, announced today that Emptoris'
ePASS has been selected as a technology component of Samsung's
online strategies. ePASS is a web-based procurement software solution
that extends beyond simple single item transactions to enable
strategic sourcing of direct materials and services over the Internet.
As a procurement tool for Samsung's online initiatives, ePASS
will facilitate and automate the decision-making process for commodity
traders utilizing the company's multiple e-marketplaces.
"Companies who have adopted a "clicks and mortar"
business strategy are finding themselves in need of intelligent
e-marketplace engines in order to adapt to the new digital economy,"
said Man Soo Lee, president of Samsung America. "Likewise,
Samsung America is excited about its recent partnership with Emptoris
and anticipates that ePASS technology, combined with other web
applications, will further Samsung America's efforts to integrate
its offline and online businesses."
The wide range of Samsung America's product line and the global
nature of the company's trading activities require professional
traders to have access to complex information regarding the state
of the market and the needs of the buying and selling community.
As Samsung America begins moving its offline trading activities
online, the company's professional traders will use ePASS' customizable
business rules, intelligent workflow, and advanced decision support
technology to carry out sophisticated exchange processes electronically
at Samsung America's vertical e-marketplaces.
"As Global 2000 companies move their strategic sourcing activities
to the Internet, it is critical that they have extensive flexibility
and market information when making online trading decisions,"
said Avner Schneur, president and CEO of Emptoris. "Samsung
America's selection of ePASS will allow traders throughout the
Samsung America network of e-marketplaces to have the tools and
technology required to make the best possible decisions. Emptoris
is excited to help Samsung America in its online trading initiatives."
About Samsung America, Inc.
Samsung America, Inc. (SAI) has emerged as a leading trading company
along many industry lines in the United States, specializing in
a variety of business interests that include chemical, fashion
& entertainment, metal, natural resources, and consumer products.
SAI continues to venture away from traditional business methods
in order to gain competitive advantages over its competitors and
better serve its customers. SAI works ceaselessly towards developing
new overseas markets and identifying diverse business opportunities
locally, globally, and digitally. For additional information,
please visit www.samsungamerica.com and www.samsungvc.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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