Business Services Industry

Corio the First ASP to Sign Customer for Hosted Business-to-Business e-commerce Solution; Simplexis.com Gets Access to Applications from Commerce One

Business Wire, Jan 24, 2000

Business Editors and High Tech Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Jan. 24, 2000

Leading Application Service Provider (ASP), Corio, Inc. announced today that they have established another first for the ASP industry. New customer Simplexis.com, a rapidly growing business-to-business e-commerce company dedicated to establishing a marketplace for educational institutions, is the first ASP customer to leverage a hosted, business-to-business e-commerce solution. By accessing the Commerce One BuySite(TM) e-procurement application 6.0 through the hosted model, Simplexis.com hopes to leverage these applications in a cost-effective way to enhance the company's market speed and agility.

&uot;Corio and Commerce One have forged a valuable partnership to the benefit of our joint customers,&uot; said Chuck Donchess, Commerce One's vice president of marketing and business development. &uot;Corio is leading the ASP market as they offer best-of-breed solutions and continue to acquire customers at a rapid pace. Their strategy brings the Commerce One solution to a whole new set of businesses who want to propel their business into the Internet economy and assists us in our mission to grow the Commerce One Global Trading Web.&uot;

Corio's business-to-business e-commerce solution, powered by Commerce One, automates a wide range of processes across the direct and indirect goods and services supply chain. Corio hosts the Commerce One BuySite(TM) e-procurement application and provides access to the Commerce One MarketSite(TM) Global Trading Portal. Corio quickly makes this technology available for companies that want to leverage the ASP model to maximize their return on investment.

The appeal of accessing these applications right away was crucial for Simplexis.com. As a leading net-market maker, the company needed a solution that could help them get to market right away. &uot;With Corio business-to-business e-commerce, we can put our infrastructure in place quickly and beat the competition to market,&uot; said Amar Singh, co-founder and CEO of Simplexis.com.

Rather than allocate limited funds to building, maintaining and managing sophisticated business applications, Simplexis.com turned to Corio. &uot;As we grow, we will need additional business applications - such as customer service management and sales force automation - to streamline our business. We know we can rely on Corio to provide these and other applications, which are already integrated through Corio's technology platform, Orion. After evaluating the available options, we concluded Corio's hosted solution gives us the best total cost of ownership and an excellent return on investment,&uot; continued Singh.

Corio's business-to-business e-commerce offering connects buyers and suppliers of business products and services to enable open interoperable marketplaces. Companies using these applications subsequently enjoy significant cost reduction and simplified processes while providing an unsurpassed level of control and business intelligence for effective supplier management.

&uot;Our value proposition to growing companies continues to be very compelling,&uot; said George Kadifa, president and CEO of Corio. &uot;We understand their business and we know the steps they need to take to grow to the next level. By offering solutions powered by leading software vendors like Commerce One, Corio provides innovative solutions to enable companies like Simplexis.com to thrive in the New Economy.&uot;

About Corio, Inc.

Corio, Inc. is the leading enterprise application service provider (ASP) for high-growth companies. Corio enables eBusiness by offering integrated application solutions over a secure network for a monthly fee. Corio's integrated suite features BroadVision, Changepoint, Cognos, Commerce One, E.piphany, Microsoft, PeopleSoft and Siebel Systems applications. Customers immediately gain the benefits of a comprehensive eBusiness infrastructure without bringing the associated costs, complexity and IT challenges in-house. A privately held company, Corio is headquartered in Redwood City, Calif., with 15 offices across the U.S. Additional information about Corio is available at http://www.corio.com.

About Commerce One

Commerce One (NASDAQ:CMRC) is the leader in global e-commerce solutions for business. Through its products, portals, and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Commerce One Global Trading Web (TM) is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. Commerce One is located in Walnut Creek, Calif., and can be reached by phone at (800) 308-3838 or (925) 941-6000 or via the Internet at http://www.commerceone.com/.> Corio is a trademarks of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners.