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For Immediate Release:
SpaceWorks and Commerce One To Strengthen Seller and Buyer Relationship Among Global 2000
SpaceWorks Web BusinessManager Suite To Integrate Suppliers
on Commerce One.net
Rockville, MD -- November 13, 2000 -- SpaceWorks, Inc., a leading business-to-business sell-side Web commerce software
company and Commerce One, Inc., (NASDAQ:CMRC) the leader in global e-commerce
solutions for business, today announced the execution of a memorandum of
understanding to use the SpaceWorks Web BusinessManager Suite to integrate
suppliers on Commerce One.net. By working together, Commerce One and SpaceWorks
expect to provide a comprehensive supplier integration solution. The execution of
definitive agreements is expected this quarter.
SpaceWorks Web BusinessManager Suite helps Global 2000 companies sell their
products on the Web. The expected integration of SpaceWorks Web BusinessManager
Suite with Commerce One.net will help sellers participate in multiple e-
marketplaces and provide real-time access to a broad range of buying organizations.
Commerce One.net is an open e-marketplace that provides global e-commerce services
to buyers, suppliers and Net Market Makers. Commerce One.net enables a portfolio
of e-commerce services, helping trading partners rapidly conduct business across e-
marketplaces. It supports trade between buyers and suppliers across multiple e-
marketplaces, is open to any application and technology standard and is an on-
ramp to the Global Trading Web, the world’s largest business- to- business
trading community.
“We expect that Commerce One and SpaceWorks will rapidly accelerate global business-
to-business trading,” said Roy Satterthwaite, vice president of Commerce One.net
at Commerce One. “By making it easier for suppliers to move their business onto
the Web, we plan to pave the way for more organizations to achieve the tremendous
benefits of e-marketplaces.”
It is expected that suppliers using the SpaceWorks B2B selling solution will
connect to Commerce One.net and thus reach a significant number of buyers as well
as other e-marketplaces on the Global Trading Web. Suppliers using the Web
BusinessManager Suite to connect to Commerce One.net should experience improved
online collaboration with buyers and increased supply chain efficiencies.
"We believe that SpaceWorks powerful Web BusinessManager Suite solution coupled
with Commerce One’s deep penetration into worldwide markets will create a
formidable channel for buying and selling via the Internet," said SpaceWorks
president and CEO, Dave MacSwain. “Real-time seller integration into online
marketplaces will result in tremendous opportunities for Global 2000 companies.”
Forward Looking Statements
The foregoing paragraphs include forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking statements
include, but are not limited to, statements concerning the expected collaboration
of SpaceWorks and Commerce One to integrate SpaceWorks’ Web BusinessManager Suite
into Commerce One.net, the ease, capabilities and anticipated benefits of such
integrated solutions, including seller access and participation in multiple e-
marketplaces and seller access to a broad range of buying organizations. These
statements are subject to risks and uncertainties. Actual results may differ
materially from those described in such statements as a result of a number of
factors. These factors include, but are not limited to, the risk that the parties
do not execute definitive agreements with respect to the alliance, that the final
terms of the agreement differ from those initially planned, the ability of the
parties to execute on their plans for the alliance and to continue to support the
alliance, unexpected operational difficulties, the e-marketplace infrastructure
solutions delivered may not meet user expectation, the extent of user adoption and
utilization of such solutions, actual efficiencies and economies of scale may not
be as pronounced as those anticipated by the parties, a general downturn in
economic conditions, and intense and increasing competition in the market. For a
discussion of these and other risk factors that could affect Commerce One's
business, see "Risk Factors" in Commerce One's filings with the Securities and
Exchange Commission, including its annual report on Form 10-K for the year ended
December 31, 1999 and its quarterly report on Form 10Q for the quarter ended June
30, 2000.
About SpaceWorks SpaceWorks, Inc.® drives billions in B2B revenue today for Global 2000 manufacturers, distributors and supplier-driven marketplaces. SpaceWorks industrial-strength application, the Web BusinessManager Suite, automates all the mission-critical activities involved in B2B selling, including ordering, marketing, billing and more. The solution integrates with back-end systems, e-Marketplaces and customer procurement networks to enable real-time, revenue-generating transactions. SpaceWorks clients include Avaya, BF Goodrich, GE Aircraft Engines, and Maytag Corporation, among others. Alliance partners include PricewaterhouseCoopers, webMethods, Commerce One and more. Additional information is available at www.spaceworks.com.
Note to Editors: OrderManager and SpaceWorks are registered trademarks of SpaceWorks, Inc. All other trademarks and registered trademarks are the properties of their respective holders.
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