AsiaDemand, Inc. is a business solutions provider that enables industrial companies to manage their procurement and supply chain processes through a complete suite of Web-based trade tools and services. AsiaDemand's hosted services comprise integrated end-to-end solutions for exchange, auction, e-logistics, trade, e-finance, and risk management. AsiaDemand, Inc. is a Pequot Capital Management portfolio company. AsiaDemand Inc. is a U.S. corporation based in Los Angeles County with offices in Beijingand Hong Kong.
Ariba, Inc. is the leading business-to-business (B2B) eCommerce platform provider. Through the Ariba B2B Commerce Platform - an open, end-to-end infrastructure of interoperable software solutions and hosted Web-based commerce services - the company enables efficient online trade, integration and collaboration between B2B marketplaces, buyers, suppliers and commerce service providers. The global reach and best-of-breed functionality of the Ariba B2B Commerce Platform creates Internet-driven economies of scale and process efficiencies for leading companies around the world, including more than 20 of the FORTUNE 100. Ariba can be contacted in the U.S. at +1.650.930.6200 or at www.ariba.com.
Descartes is a leading provider of end-to-end logistics solutions that facilitate B2B e-commerce. Descartes' e?fulfillment software and exchange solutions enable companies to create high-speed, high-performance fulfillment networks called DeliveryNets. DeliveryNet solutions empower organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services.
Ariba-Descartes Solution Includes Ariba B2B Commerce Platform And Descartes' DeliveryNet Logistics Network Technology
WATERLOO, ONTARIO, and MOUNTAIN VIEW, Calif., September 25, 2000 - The Descartes Systems Group Inc., (NASDAQ:DSGX), (TSE:DSG), a leading provider of global Internet logistics solutions, and Ariba, Inc. (NASDAQ:ARBA), the leading business-to-business (B2B) eCommerce platform provider, announced today that AsiaDemand Inc., a premiere provider of end-to-end B2B solutions for international trade, has selected Ariba and Descartes to build a Virtual Trading House supporting trade and logistics with China. The Virtual Trading House will provide end-to-end trade, procurement, finance, risk management and logistics services, with a focus on offering services to companies involved in the trade of industrial goods and services.
"The Ariba-Descartes solution provides us with leading B2B e-commerce technology that we can use to provide trade and logistics services to our global customers, and leverage the relationships that we have built with organizations throughout China," said Vijay Fozdar, President and CEO at AsiaDemand. "We will also have access to the Ariba and Descartes global networks of buyers, suppliers, B2B marketplaces, shippers, carriers and other members of the global logistics community. Connection to these networks has the potential to attract new business for organizations throughout China and help us and our customers better collaborate with trade and logistics organizations between China and the world."
"The addition of Ariba and Descartes to AsiaDemand's total solution will surely accelerate the benefits and delivery of e-commerce to Chinese companies," said Mukesh Aghi, Senior Vice President of Asia Pacific Operations at Ariba. "The combined functionality of Ariba and Descartes will increase AsiaDemand's ability to better serve their customers with a complete portfolio of trade and logistics services."
"AsiaDemand is accelerating the adoption of e-commerce with China by offering a single point of reference for all of the steps necessary to conduct trade with companies in the region, including the movement of goods across borders and around the world," said Aivars Lode, President at Descartes. "Descartes is providing AsiaDemand with the logistics network technology that will enable them to offer truly optimized logistics management services to their customers. Ariba and Descartes together are providing end-to-end technology that completes the trade-to-logistics-to-payment cycle."
Buyers, suppliers, and B2B marketplaces using AsiaDemand's Virtual Trading House will have access to a variety of logistics and fulfillment services available from Descartes that they can integrate into the transaction process. Planned services include global visibility of order status, exception-based performance monitoring, total landed cost calculation, delivery optimization, and Internet-based transportation management. These services are expected to be available to users on a subscription and/or transaction fee basis.
Part of the Ariba Commerce Services Network (Ariba CSN), Ariba Logistics and Fulfillment Services Powered by Descartes streamline and improve the commerce process for B2B eCommerce organizations. The service enables buyers to improve supply chain efficiencies and lower shipping costs; suppliers to increase customer satisfaction and revenues from B2B commerce; marketplaces to differentiate themselves from their competitors and increase their transaction volumes; and carriers and logistics service providers to serve their customers more effectively and increase their access to buyers, suppliers, and marketplaces.
About AsiaDemand
For more information, visit www.AsiaDemand.com or contact us at (909) 860-2960.
About Ariba, Inc.
About Descartes
DeliveryNet solutions leverage Descartes' Internet-based Global Logistics Network, an open, worldwide network of shippers, receivers, carriers, logistics service providers, e-marketplaces, vertical portals, and transportation exchanges. The result is a global e-fulfillment information infrastructure that provides cost savings and revenue opportunities for businesses that need to manage physical product movement.
Descartes products are licensed today by more than 850 companies in 35 vertical industries in over 50 countries worldwide. For more information about Descartes, visitwww.descartes.com.
All registered and unregistered trademarks mentioned in this release are the property of their respective owners.
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This release contains statements that may relate to expected revenue from and transaction volume of Descartes customers, performance of Descartes' DeliveryNet solutions, market dynamics and other matters that may constitute forward-looking statements that involve risks and uncertainties. The Company's actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada.
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