Business Services Industry
Boeing and Commerce One Initiative to Accelerate Enablement of Trading Partners Onto Exostar
Business Wire, Sept 19, 2000
Business Editors/High-Tech Writers
LAS VEGAS--(BUSINESS WIRE)--Sept. 19, 2000
New Capability Will Speed the Participation
of Boeing's Trading Community in the Exostar E-Marketplace
Commerce One (Nasdaq:CMRC) today announced the successful completion of a pilot program with Boeing (NYSE:BA) to link their trading partners to Exostar, the Aerospace & Defense industry's global e-marketplace. Boeing is a founding partner of Exostar.
As announced today at the eLink 2000 conference in Las Vegas, Commerce One and Boeing have been working jointly for the past several months to develop a technology solution to connect suppliers who utilize Electronic Data Interchange (EDI) to the Exchange. The joint solution has successfully completed trials and is now being deployed to connect EDI suppliers to Exostar.
Commerce One is also working with GE Global exchange Services (GXS) (NYSE:GE) to jointly develop technology and services that will further support these efforts, and will result in the connection of hundreds of members of the trading community to the Exostar e-marketplace. Future plans include integrating the XML Portal Connector product from Commerce One on the buyer's side while leveraging GXS's full suite of integration capabilities to ensure liquidity for suppliers as well as buyers.
This effort has the potential to drive significant transaction volumes onto Exostar in a very short timeframe, leveraging existing business relationships and connectivity solutions from GXS to bring suppliers onto the e-marketplace to minimize time to liquidity.
"The alliance between Commerce One and GXS is primarily focused on helping our customers and their trading partners drive transactions and liquidity across e-marketplaces," said Chuck Donchess, executive vice president and chief strategy officer of Commerce One. "We believe this initiative with Boeing will be a key milestone in driving major trading volumes across Exostar. These efforts to provide an effective on-ramp for suppliers leverage GXS's ability to provide full XML support for existing EDI users, and to integrate these users with Commerce One's XML-based platform. This initiative reflects the rapid migration of global business trade onto the Web."
"This joint effort represents a significant move forward in ensuring that trading partners will derive maximum value from their participation in Exostar," said Harvey Seegers, President and CEO of GE Global eXchange Services. "The solution will allow trading partners to continue with EDI as they transition to XML based transactions. Not only will the resulting liquidity benefit all members of Exostar, this program will permeate the benefits of Exostar to all levels of the supply chain - from the largest to smallest participants."
Recently, Commerce One and GXS signed a definitive agreement to work together to dramatically increase access to open e-marketplaces on a global basis. Commerce One e-marketplaces will be supported by GXS's transaction processing and trading partner enablement capabilities. The resulting interoperability between GXS's data transaction and translation technology and services (including EDI) and Commerce One's XML Common Business Library (xCBL)(TM)-based e-commerce solutions is expected to significantly increase the number of buyers and sellers conducting e-commerce transactions worldwide.
About Boeing
The Boeing Company is the largest aerospace company in the world, with its heritage mirroring the history of aviation. It is the world's largest manufacturer of commercial jetliners and military aircraft, and the nation's largest NASA contractor. In terms of sales, Boeing is the largest U.S. exporter. Total company revenues for 1999 were $58 billion. The global reach of the company includes customers in 145 countries, employees in more than 60 countries and operations in 26 states. Worldwide, Boeing and its subsidiaries employ more than 189,000 people. Boeing is on the web at www.boeing.com. Robert Jorgensen can be reached at 425/865-5877.
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. Through its "Dream Team" alliance with SAPMarkets, Commerce One enables enterprises and communities of all sizes and industries to efficiently conduct collaborative business on the Internet. Commerce One is located in Pleasanton, Calif., and can be reached by phone at 800/308-3838 or 925/520-6000 or via the Internet at www.commerceone.com.
About GE Global eXchange Services
GE Global eXchange Services (GXS) operates one of the largest B2B e-commerce networks in the world, with more than 100,000 trading partners. The network's 1 billion annual transactions account for $1 trillion in goods and services. With a presence in 58 countries, GXS applies Six Sigma quality processes to provide e-commerce solutions that help businesses around the globe remove costs from their supply chains. GE Global eXchange Services is a part of GE Information Services, Inc., a wholly-owned subsidiary of the General Electric Company, USA, and is headquartered in Gaithersburg, Maryland. 800/560-4347. Visit our Web site at www.gegxs.com.
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