Viquity and Deloitte & Touche Form Strategic Alliance to Deliver Next-Generation Internet Commerce Network Solutions

Business Wire, May 23, 2000

Business Editors/High-tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--May 23, 2000

Companies Team to Combine eBusiness Infrastructure Services For

Direct Procurement of Production Materials with World-Class

Business and Technology Consulting Services

Viquity Corporation, the emerging leader for outsourced eBusiness infrastructure to automate production procurement, and Deloitte & Touche, one of the nation's leading professional services firms, today announced that they have formed a strategic alliance to provide electronics manufacturing and high-tech companies with next-generation Internet commerce network solutions. The companies will also conduct joint marketing of their solutions to both new and existing clients.

The alliance combines the Viquity Dynamic Commerce Network(TM) with Deloitte & Touche's business experience, technical knowledge and implementation skills to help businesses build, manage and maintain next-generation dynamic commerce networks. The result will help companies gain a more dynamic, secure and better-managed supply chain that uses the intelligence in the commerce network to the advantage of all participants.

"The next-generation trading exchange will facilitate ongoing, planned, direct procurement of production materials," said Chris M. Grejtak, Viquity chief executive officer. "This alliance with Deloitte & Touche will help companies implement Viquity's infrastructure for commerce networks, the necessary foundation for direct procurement of production materials over the Internet."

Viquity-powered commerce networks streamline the direct procurement of on-going production materials by automating transactions between trading partners. Viquity's inter-enterprise communications platform enables secure system-to-system exchange of business documents to eliminate handling errors and delays of manual procurement methods.

"We are excited to incorporate Viquity's technology as a solution for clients requiring the dynamic exchange of critical information with their partners," said Joe Anastasi, Managing Partner Northern California/Hawaii Management Solutions and Services of Deloitte & Touche. "The alliance will bring to clients streamlined communications with their trading partners, and will dramatically improve supply chain efficiencies."

Viquity and Deloitte & Touche have already targeted several electronics manufacturing and high-tech clients with the combined strengths afforded by the new business alliance.

About Viquity

Viquity is the emerging leader for outsourced eBusiness infrastructure to automate production procurement. The Viquity Dynamic Commerce Network(TM) enables OEMs, contract manufacturers, distributors and suppliers of all sizes to streamline communications with strategic partners and dramatically improve supply chain responsiveness.

Founded in 1998 by recognized innovators in building large scale, complex distributed systems, Viquity is a privately held, venture-backed company located in Sunnyvale, California. Viquity can be reached at 408/747-5570, at info@viquity.com, or www.viquity.com.

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to exceeding the expectations of its clients and its people. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for three consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 90,000 people in over 130 countries. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com

Note to Editors: Viquity and the Viquity Dynamic Commerce Network are trademarks of Viquity Corporation.