BT Signs Deal For E-Business Solution
Page 1 of 1
The deal brings together BT's e-business supply-chain expertise with the US co's electronic procurement software, Commerce Chain Solution. BT said the deal will establish "a major UK business-to-business electronic market place for indirect goods."
"This deal with Commerce One is an important step in BT's mission to help UK companies towards effective e-business," said John Swingewood, director of BT Internet and multimedia. "BT's strategy of combining its e-business expertise with the very best specialist procurement solutions from the US and around the globe will continue to reap huge benefits for UK organisations. It underpins BT's ambition to give this country the greatest e-business capability in the world."
In announcing the deal, BT reminded listeners of the well-publicised report from Forrester Research ("Europe's Internet Growth," April 1998), which forecast that the value of goods and services traded over the Internet will grow from $257 million in 1998 to more than $12 billion in 2001.
"This agreement with BT will enable Commerce One to extend its leadership in electronic solutions from the U.S. to the U.K.," said Mark Hoffman, CEO of Commerce One. "Our expertise in electronic commerce solutions, coupled with BT's brand strength, network infrastructure and supply chain expertise will enable us to deliver comprehensive solutions and provide superior levels of customer support and service. UK businesses adopting the Commerce Chain Solution will enjoy improved operational efficiency, reduced costs and greater buying power."
BT will obtain and manage supplier content and integrate suppliers into MarketSite. In turn, MarketSite will provide a convenient way for buyers and sellers to meet online.