Deloitte Consulting Partners With diCarta to Capitalize On the Multi-Billion Dollar Contract Management Industry

Business Wire, Sept 18, 2000

Business Editors

ARIBA "LIVE MIAMI" 2000

MIAMI--(BUSINESS WIRE)--Sept. 18, 2000

eBusiness Consulting Leader To Leverage diCarta's Contract

Management Solution as Key Component in the

Business-to-Business Value Chain

diCarta(TM), Inc., the award-winning leader of Internet-based, business-to-business contract and revenue management solutions, announced today that Deloitte Consulting has selected diCarta as its premiere partner in the multi-billion dollar contract management industry. With this agreement, diCarta and Deloitte Consulting will work together to deliver a robust contract management solution that supports buy-side, sell-side and exchange agreements, while providing the business process reengineering and business application integration necessary to dramatically improve contract management for both enterprises and exchanges.

Deloitte Consulting will offer integration and training services in conjunction with the diCarta solution, assisting many of its global clients with the contract management lifecycle processes. The partnership will enable Deloitte Consulting's enterprise customers to manage risk, improve organizational efficiency, and increase renewals and other revenue streams through greater contract access and visibility. Exchanges will benefit from providing added value to their subscribers - keeping buyers and sellers online throughout the entire eTransaction, by offering web-based negotiation and execution of business agreements.

"We view diCarta's contract management solution as the next strategic application for enterprises looking to maximize operational efficiency, minimize risk, and generate revenue opportunities with new and existing customer accounts," said Oswald Mata, Partner, Deloitte Consulting.

diCarta provides the only comprehensive solution to harness the power of the Internet to streamline and execute the online contract process for the business-to-business value chain. It provides an automated solution that allows companies to collaborate on every step of the contract management process from negotiation to contract maintenance while minimizing financial exposure associated with revenue recognition compliance. Using cutting edge technology, like e-signatures, diCarta solutions significantly reduce the time and costs associated with managing the contract lifecycle.

"diCarta has defined a whole new category of solutions for contract lifecycle management, reducing the time and cost associated with negotiating and collaborating complex global enterprise contracts. Our relationship with Deloitte Consulting as a strategic integration partner, will enable us to expand our presence in the global marketplace," said Scott Martin, president and CEO, diCarta, Inc.

About diCarta, Inc.

diCarta offers the first business-to-business contract management solution that streamlines the entire contract lifecycle. diCarta Contracts, a web-based solution, enables enterprises and Internet trading exchanges to collaborate with customers and suppliers on contract terms and conditions, and to increase visibility into revenue management, future obligations and renewals. This allows companies to accelerate contract processes while minimizing legal and financial risk. Using diCarta's Zero-Impact Activation(TM) methodology, customers realize system benefits rapidly with minimal organizational impact. Founded in October, 1998, diCarta is headquartered in Redwood City, California. diCarta venture capital investors include Sequoia Capital, responsible for funding successful companies such as Agile (Nasdaq:AGIL), Apple Computer (Nasdaq:APPL), Cisco Systems (Nasdaq:CSCO), and Yahoo (Nasdaq:YHOO); Capital Research and Management Company, advisor to the American Funds Group; The Roda Group, lead investors in Ask Jeeves (Nasdaq:ASKJ); and Skywood Ventures, as well as strategic investors Comdisco Ventures, Cooley Godward, Deloitte Consulting, Octane Capital Management, Prang Enterprises and other private investors. For more information about diCarta solutions visit http://www.dicarta.com, send email to info@dicarta.com, or call 650/474-3800.

diCarta, diCarta Contracts, Zero-Impact Activation and the diCarta logo are trademarks of diCarta, Inc. in the United States and other countries. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies.