Reqio Launch Company to Realise Value in e-Procurement

Bucking the Industry Trend and Directly Addressing Supplier Recruitment



Apr 26, 2001, 01:00 ET from Reqio

   SWINDON, England, April 26 /PRNewswire/ -- commerce relationship visionary
 Reqio has today launched as a new company with a unique approach to supplier
 recruitment -- Reqio's innovative dual marketing approach hits the Buyer and
 Supplier markets simultaneously with a complementary sales model.
     Reqio, formerly trading for ten years under the names CatalystAT and 3S
 Electronic Publishing already has a broad variety of customers in markets
 including IT Equipment, Hi-Tech, Manufacturing, Office Furniture, Building
 Supplies, Wholesale Distribution and Software.  The company's re-brand sends a
 strong signal to the market that the company is launching an evolved strategy
 with proven products to leap the hurdle of supplier recruitment.
     "Our experience in this market indicates that the needs of buyers and
 suppliers are different but there are touch points that must be appreciated
 and leveraged to support the delivery of complex product knowledge in a
 central, interactive product information system" comments Errol Rodericks
 Chief Operating Officer, Reqio.
     The company's investors were supportive of the re-branding initiative.
 John Polden, Partner at MTI, the UK's leading early-stage technology venture
 capital investor commented,"One of the key actions that our investee companies
 face after MTI's investment is to upgrade their marketing plans.  The renaming
 is a good example of this which MTI is happy to support."  MTI led a 5 million
 pounds investment in catalystAT Systems Ltd in January 2001.  UK venture
 capitalists Advent Venture Partners and Quester also participated in the
 funding round.
     Reqio's Strategic Product Content solution The Purchasing Relationship
 Suite has a proven impact on supplier sales, marketing and customer service.
 Reqio intends to extend the solution to the Corporate Purchasing market with
 the launch of The Supplier Relationship Suite in June 2001.
 
     About Reqio
     Reqio is a software company that provides Strategic Product Content
 Solutions to enable profitable commerce between Corporate Purchasers and
 suppliers.  Reqio gives an organisation access to diverse, interactive product
 and technical information which enhances the productivity and profitability of
 sales, marketing, customer service and Corporate Purchasing departments.
 With The Supplier Relationship Suite, Reqio increases the value of the
 corporate purchasing role delivering supplier product content for best
 practice in making purchasing decisions.  With The Purchasing Relationship
 Suite, Reqio unlock the value in product information held in suppliers'
 marketing, sales and customer service departments.
     Reqio's business model directly encourages suppliers to be e-procurement
 enabled reflecting the single biggest obstacle to realising the value of
 e-procurement.  Reqio's existing customer base prove their innovative product
 technology and expertise in successful implementation.
     Reqio, formerly trading for ten years under the names CatalystAT and 3S
 Electronic Publishing already has a broad variety of customers in markets
 including IT Equipment, Hi-Tech, Manufacturing, Office Furniture, Building
 Supplies, Wholesale Distribution and Software.  The company's re-brand sends a
 strong signal to the market that the company is launching an evolved strategy
 with proven products to leap the hurdle of supplier recruitment.
 
 

SOURCE Reqio
   SWINDON, England, April 26 /PRNewswire/ -- commerce relationship visionary
 Reqio has today launched as a new company with a unique approach to supplier
 recruitment -- Reqio's innovative dual marketing approach hits the Buyer and
 Supplier markets simultaneously with a complementary sales model.
     Reqio, formerly trading for ten years under the names CatalystAT and 3S
 Electronic Publishing already has a broad variety of customers in markets
 including IT Equipment, Hi-Tech, Manufacturing, Office Furniture, Building
 Supplies, Wholesale Distribution and Software.  The company's re-brand sends a
 strong signal to the market that the company is launching an evolved strategy
 with proven products to leap the hurdle of supplier recruitment.
     "Our experience in this market indicates that the needs of buyers and
 suppliers are different but there are touch points that must be appreciated
 and leveraged to support the delivery of complex product knowledge in a
 central, interactive product information system" comments Errol Rodericks
 Chief Operating Officer, Reqio.
     The company's investors were supportive of the re-branding initiative.
 John Polden, Partner at MTI, the UK's leading early-stage technology venture
 capital investor commented,"One of the key actions that our investee companies
 face after MTI's investment is to upgrade their marketing plans.  The renaming
 is a good example of this which MTI is happy to support."  MTI led a 5 million
 pounds investment in catalystAT Systems Ltd in January 2001.  UK venture
 capitalists Advent Venture Partners and Quester also participated in the
 funding round.
     Reqio's Strategic Product Content solution The Purchasing Relationship
 Suite has a proven impact on supplier sales, marketing and customer service.
 Reqio intends to extend the solution to the Corporate Purchasing market with
 the launch of The Supplier Relationship Suite in June 2001.
 
     About Reqio
     Reqio is a software company that provides Strategic Product Content
 Solutions to enable profitable commerce between Corporate Purchasers and
 suppliers.  Reqio gives an organisation access to diverse, interactive product
 and technical information which enhances the productivity and profitability of
 sales, marketing, customer service and Corporate Purchasing departments.
 With The Supplier Relationship Suite, Reqio increases the value of the
 corporate purchasing role delivering supplier product content for best
 practice in making purchasing decisions.  With The Purchasing Relationship
 Suite, Reqio unlock the value in product information held in suppliers'
 marketing, sales and customer service departments.
     Reqio's business model directly encourages suppliers to be e-procurement
 enabled reflecting the single biggest obstacle to realising the value of
 e-procurement.  Reqio's existing customer base prove their innovative product
 technology and expertise in successful implementation.
     Reqio, formerly trading for ten years under the names CatalystAT and 3S
 Electronic Publishing already has a broad variety of customers in markets
 including IT Equipment, Hi-Tech, Manufacturing, Office Furniture, Building
 Supplies, Wholesale Distribution and Software.  The company's re-brand sends a
 strong signal to the market that the company is launching an evolved strategy
 with proven products to leap the hurdle of supplier recruitment.
 
 SOURCE  Reqio