Internet Commerce Corporation and Verian Technologies Form Strategic Alliance

Business Wire, Oct 25, 2000

Business Editors

NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 25, 2000

Partnership Will Link Products and Services to Provide

Comprehensive E-Commerce Solutions

Internet Commerce Corporation ("ICC") (Nasdaq: ICCA), a pioneer in Internet E-business connectivity and the first Internet-based Value Added Network, and Verian Technologies, the mid-market leader of web-based procurement and materials management solutions, today announced that they have formed a strategic alliance. The partnership will couple ICC's supply-chain connectivity and Value Added Network, ICC.NET, with Verian Technologies' e-procurement service, ProcureIT. The combination of these services will allow Verian Technologies to present its customers with a complete product offering that incorporates an Internet-based EDI exchange component.

Dr. Geoffrey S. Carroll, President and CEO of ICC, commented, "We are pleased to integrate ICC.NET services with Verian Technologies' leading mid-market e-procurement solution. ICC provides seamless connectivity to trading partners, regardless of operating platform and data format. With Verian Technologies' front-end matrix and ICC's trading partner connectivity capabilities on the back-end, we can provide organizations with a strong end to end e-commerce solution. The alliance will further the growth of the ICC brand in mid-market level businesses through an enhanced consumer reach."

Tehseen Ali, President and CEO of Verian Technologies, stated, "The alliance with ICC provides Verian Technologies the ability to offer our clients a more comprehensive e-commerce solution including an Internet- based EDI option to facilitate transactions between their trading partners. We will now be able to provide our client organizations with a complete e-procurement and materials management solution enabling secure, real-time transactions between trading partners via an Internet-based VAN, with no file size limitations."

About Internet Commerce Corporation

Internet Commerce Corporation provides Internet-based e-commerce service for the business-to-business marketplace. ICC.NET is a secure, low-cost, real-time transaction system for exchanging and managing data, documents, electronic data interchange (EDI), graphics, audio and video for commercial trading partners of any size. The ICC.NET system uniquely bridges legacy e-commerce investments to the Internet. For further information, visit ICC at http://www.icc.net.

About Verian Technologies

Verian Technologies is a leading provider of web-based electronic procurement and materials management solutions. ProcureIT enables companies to streamline materials management processes, reduce staff time associated with purchasing and reduce the paperwork of a manual- based purchasing department. Verian Technologies' solutions enable organizations to significantly reduce operational costs and increase efficiency by automating the entire procurement process. As a result, organizations are able to realize a strategic competitive advantage and a rapid return on investment. Verian Technologies is located in Charlotte, North Carolina. For further information, call (888) 791-6909 or (704) 547-7301, or visit Verian at http://www.procureit.com.

Except for the historical information contained herein, this press release includes forward looking statements which are subject to a number of risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies such as the Internet, the risks of technology development and the risks of competition. Actual results could differ materially. For more information about these risks and uncertainties, see the SEC filings of Internet Commerce Corporation.