EC-Gate Launches Marketplace Suite, an 'Out of the Box' Trading Platform For Private e-Marketplaces

Prepackaged, 'plug and play' solution brings efficiency, speed and

lower ownership costs to speed deployment of private B2B e-marketplaces



Apr 18, 2001, 01:00 ET from EC-Gate

    TORONTO, April 18 /PRNewswire/ -- EC-Gate, a global provider of
 business-to-business e-marketplace solutions, announced today the debut of its
 core e-marketplace trading platform, Marketplace Suite.
     Marketplace Suite offers companies a simple means of launching an online
 B2B marketplace that reflects their precise business requirements in less time
 and at lower cost than competitive solutions.  Marketplace Suite's primary aim
 is to improve transparency, reduce inefficiencies and optimize the flow of
 information among trading partners within a company's demand and supply chain.
     "With this new product, EC-Gate is harnessing its experience of building
 and implementing marketplaces by providing a broad suite able to tackle all
 aspects of building and supporting an exchange ...  Successful execution on
 this rapid time to value premise as well as offering a complete suite of
 functionality coupled with wireless technology will enable EC-Gate and
 Marketplace Suite to maintain traction and grow in this market." Source: Laura
 M. Carrillo, The AMR Alert on B2B Marketplaces, April 2001.
     Marketplace Suite is made up of six proven and pre-configured application
 components:
 
     Order Management:  Includes all essential trading elements, placing of
     orders, issuing requests for quotation, and consolidating orders from
     multiple buying groups.
 
     Logistics:  Allows coordination with trading partners, tracking of
     shipments and confirmation that goods have been received.
 
     Product Catalog:  Feeds a central, searchable database with detailed
     product and pricing information, updateable at any time, giving buyers
     real-time access to current data.
 
     Billing & Payment:  Automates the entire procure-to-pay cycle, giving
     trading partners real-time access to detailed invoice information.
 
     Reporting & Intelligence:  Allows tracking and measuring of activity among
     trading partners, enabling the company to analyze market behavior and gain
     insight into market trends.
 
     Vendor Managed Inventory:  Manages inventories at end location and
     provides real-time information to forecast sales and orders, and manage
     the whole fulfillment cycle.
 
     "We engineered Marketplace Suite to address the primary concerns of
 customers building private e-marketplaces: speed to market; precise
 functionality; a convincing value proposition; and rapid scalability for
 evolving needs," said Sebastian Kuntz, CEO of EC-Gate.  "We worked extensively
 with the McKinsey Group to identify key client needs in an e-commerce solution
 and designed Marketplace Suite to outperform the e-marketplace solutions
 currently offered by our competitors."
     Marketplace Suite was designed in accord with the results of in-depth
 market research conducted by McKinsey Group. Commissioned by EC-Gate, the
 research's main objective was to identify the core needs and preferences of
 companies seeking an e-marketplace solution.  Customer features engineered for
 Marketplace Suite include:
 
     -- Industry tailored - EC-Gate's extensive industry knowledge and
        expertise ensure that Marketplace Suite meets the unique needs of
        clients in any of the company's target industries (consumer packaged
        goods, construction, retail).
 
     -- End-user customization - Marketplace Suite's architecture easily allows
        for customization of the user interface so that a clients marketplace
        will look, feel and talk like their business.
 
     -- Seamless integration with enterprise systems - Marketplace Suite is
        compatible with most enterprise systems and is tailored to integrate
        seamlessly.
 
     -- Interoperability with other B2B marketplaces - Marketplace Suite
        participants can invite distributors from external exchanges to access
        the Marketplace Suite platform.
 
     -- Wired and wireless access - Marketplace Suite is designed for seamless
        access from the desktop or any internet-enabled mobile phones or
        personal digital assistant.
 
     -- Based on international standards - Marketplace Suite was developed
        using the EANCOM standard, which is accepted globally and supports
        multiple industries.
 
     -- Support for existing and emerging technologies - Marketplace Suite
        provides customers with technical and logistical support in adapting
        existing and emerging technologies.
 
     The Marketplace Suite solution runs on an Oracle technology backbone and
 is designed to integrate seamlessly with enterprise systems and other
 e-marketplaces.  "This solution automates the entire procure-to-pay cycle.
 Companies looking to bring Internet efficiency to existing business processes
 and relationships will find a compelling value proposition in Marketplace
 Suite," said Ivan Zasarsky, President and CTO of EC-Gate.
 
     About EC-Gate
     Established in 1997, EC-Gate builds and hosts business-to-business
 e-marketplaces for individual companies and entire industries.  With dual
 headquarters in the Netherlands and Canada, EC-Gate offers a wide array of
 global, scaleable services through an easy-to-use Internet interface.  EC-Gate
 solutions are based on proven, pre-configured components that ensure clients
 are up and running quickly.  A recognized leader in wireless technology,
 EC-Gate solutions offer seamless wired and wireless access any time, anywhere.
 For more information, visit the EC-Gate Web site at http://www.ec-gate.com.
 
 

SOURCE EC-Gate
    TORONTO, April 18 /PRNewswire/ -- EC-Gate, a global provider of
 business-to-business e-marketplace solutions, announced today the debut of its
 core e-marketplace trading platform, Marketplace Suite.
     Marketplace Suite offers companies a simple means of launching an online
 B2B marketplace that reflects their precise business requirements in less time
 and at lower cost than competitive solutions.  Marketplace Suite's primary aim
 is to improve transparency, reduce inefficiencies and optimize the flow of
 information among trading partners within a company's demand and supply chain.
     "With this new product, EC-Gate is harnessing its experience of building
 and implementing marketplaces by providing a broad suite able to tackle all
 aspects of building and supporting an exchange ...  Successful execution on
 this rapid time to value premise as well as offering a complete suite of
 functionality coupled with wireless technology will enable EC-Gate and
 Marketplace Suite to maintain traction and grow in this market." Source: Laura
 M. Carrillo, The AMR Alert on B2B Marketplaces, April 2001.
     Marketplace Suite is made up of six proven and pre-configured application
 components:
 
     Order Management:  Includes all essential trading elements, placing of
     orders, issuing requests for quotation, and consolidating orders from
     multiple buying groups.
 
     Logistics:  Allows coordination with trading partners, tracking of
     shipments and confirmation that goods have been received.
 
     Product Catalog:  Feeds a central, searchable database with detailed
     product and pricing information, updateable at any time, giving buyers
     real-time access to current data.
 
     Billing & Payment:  Automates the entire procure-to-pay cycle, giving
     trading partners real-time access to detailed invoice information.
 
     Reporting & Intelligence:  Allows tracking and measuring of activity among
     trading partners, enabling the company to analyze market behavior and gain
     insight into market trends.
 
     Vendor Managed Inventory:  Manages inventories at end location and
     provides real-time information to forecast sales and orders, and manage
     the whole fulfillment cycle.
 
     "We engineered Marketplace Suite to address the primary concerns of
 customers building private e-marketplaces: speed to market; precise
 functionality; a convincing value proposition; and rapid scalability for
 evolving needs," said Sebastian Kuntz, CEO of EC-Gate.  "We worked extensively
 with the McKinsey Group to identify key client needs in an e-commerce solution
 and designed Marketplace Suite to outperform the e-marketplace solutions
 currently offered by our competitors."
     Marketplace Suite was designed in accord with the results of in-depth
 market research conducted by McKinsey Group. Commissioned by EC-Gate, the
 research's main objective was to identify the core needs and preferences of
 companies seeking an e-marketplace solution.  Customer features engineered for
 Marketplace Suite include:
 
     -- Industry tailored - EC-Gate's extensive industry knowledge and
        expertise ensure that Marketplace Suite meets the unique needs of
        clients in any of the company's target industries (consumer packaged
        goods, construction, retail).
 
     -- End-user customization - Marketplace Suite's architecture easily allows
        for customization of the user interface so that a clients marketplace
        will look, feel and talk like their business.
 
     -- Seamless integration with enterprise systems - Marketplace Suite is
        compatible with most enterprise systems and is tailored to integrate
        seamlessly.
 
     -- Interoperability with other B2B marketplaces - Marketplace Suite
        participants can invite distributors from external exchanges to access
        the Marketplace Suite platform.
 
     -- Wired and wireless access - Marketplace Suite is designed for seamless
        access from the desktop or any internet-enabled mobile phones or
        personal digital assistant.
 
     -- Based on international standards - Marketplace Suite was developed
        using the EANCOM standard, which is accepted globally and supports
        multiple industries.
 
     -- Support for existing and emerging technologies - Marketplace Suite
        provides customers with technical and logistical support in adapting
        existing and emerging technologies.
 
     The Marketplace Suite solution runs on an Oracle technology backbone and
 is designed to integrate seamlessly with enterprise systems and other
 e-marketplaces.  "This solution automates the entire procure-to-pay cycle.
 Companies looking to bring Internet efficiency to existing business processes
 and relationships will find a compelling value proposition in Marketplace
 Suite," said Ivan Zasarsky, President and CTO of EC-Gate.
 
     About EC-Gate
     Established in 1997, EC-Gate builds and hosts business-to-business
 e-marketplaces for individual companies and entire industries.  With dual
 headquarters in the Netherlands and Canada, EC-Gate offers a wide array of
 global, scaleable services through an easy-to-use Internet interface.  EC-Gate
 solutions are based on proven, pre-configured components that ensure clients
 are up and running quickly.  A recognized leader in wireless technology,
 EC-Gate solutions offer seamless wired and wireless access any time, anywhere.
 For more information, visit the EC-Gate Web site at http://www.ec-gate.com.
 
 SOURCE  EC-Gate