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Company Press Release: Tradeum Extends Market Reach Through Strategic Alliance with CSC Provider of eBusiness Solutions To Build Competence in Delivering Tradeum's
Digital Marketplace Solutions
From Yahoo BizWire
June 19, 2000
"The combination of CSC's extensive expertise in delivering integrated
business solutions for Net market makers with our own end-to-end digital
marketplace platform delivers an unbeatable solution for potential
customers," said Zev Laderman, chief executive officer of Tradeum. "This
agreement helps to more quickly introduce Tradeum eMarketplace Suite and our
other capabilities to a broader audience."
Tradeum eMarketplace Suite allows Net market makers to rapidly establish and
grow liquidity in their marketplace with an end-to-end solution that
includes market design tools, multiple transaction types, multi-party system
interaction and a broad range of buy and sell-side services. Featuring its
Transaction Discovery(TM) model, Tradeum's technology supports exchange,
auction, RFP/RFQ and catalog transactions, allowing multiple buyers, sellers
and transaction enablers to be matched real-time on a simultaneous
parameter-by-parameter basis.
CSC is the first firm selected as a systems integrator for Tradeum. CSC will
work closely with Tradeum to identify key market opportunities and manage
the implementation of Tradeum's products and services within each market. To
accomplish this, a number of CSC e-business consultants will be trained and
certified on the Tradeum product line, including the company's recently
announced eMarketplace Suite.
"We are pleased to add Tradeum to our partner portfolio. This partnership
allows us to offer Net market makers an innovative and comprehensive
solution that will help them launch exchanges in a timely and viable
manner," said Rosie Hartman, director of Net Markets for CSC's Consulting
Group.
Under terms of the agreement, CSC and Tradeum will aggressively seek
customers for a joint implementation and launch, while co-developing a
minimum number of joint accounts within the next 12 months. The deal
currently focuses on customers in the United States, but work is underway to
consider expanding globally.
About Tradeum
About CSC
Computer Sciences Corporation helps clients in industry and government use
information technology to achieve strategic and operational objectives. With
58,000 employees in more than 700 offices worldwide, the company tailors
solutions from a broad suite of integrated service offerings, including
e-business strategies and technologies; management and IT consulting;
systems development and integration; application software; and IT and
business process outsourcing.
Since its formation in 1959, CSC has been known for its flexibility in its
relationships with clients. Through numerous agreements with hardware and
software technology firms, the company is able to identify and manage
solutions specifically tailored to each client's needs. CSC had revenues of
$9.4 billion for the twelve months ended March 31, 2000. Its headquarters
are in El Segundo, California. For more information, visit the company's Web
site at www.csc.com.
About VerticalNet, Inc.
Additionally, VerticalNet provides auctions, catalogs, bookstores, career
services and other e-commerce capabilities horizontally across its
communities with sites like Industry Deals.com, IT CareerHub.com, LabX.com
and Professional Store.com. VerticalNet's NECXO Exchange provides an
exchange for the electronic components industry. Through Tradeum technology
and strategic alliances, VerticalNet is focused on providing comprehensive
end-to-end e-commerce solutions.
This announcement contains forward-looking statements that involve risks and
uncertainties, as well as statements that are preceded by, followed by or
include the words "believes," "plans", "intends", "expects",
"anticipates", or similar expressions. For such statements, VerticalNet
claims the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995. Actual
results may differ materially from the results predicted, and reported
results should not be considered as an indication of future performance.
Factors that could cause actual results to differ from those contained in
the forward-looking statements include matters relating to technology,
performance and operation; rapid technological and market changes; potential
intellectual property and licensing issues; as well as those factors set
forth in the Company's Annual Report on form 10-K for the year ended
December 31, 1999 and the Company's Quarterly Report on form 10-Q for the
quarter ended March 31, 2000, both of which have been filed with the SEC.
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