Accenture Inks Global Pact with SAPMarkets to Build Private Exchanges
Clients get Seamless Package of Software, Services; Easy integration Across Multiple Hardware and Software Platforms
NEW YORK, July 2, 2001 – Accenture and SAPMarkets Inc., the exchange company of SAP (NYSE: SAP), today announced an agreement to provide services and technology to help clients build and integrate private exchanges based on MarketSet™ , the joint solution from SAPMarkets and Commerce One, Inc (Nasdaq: CMRC).
As a “Most Valuable Partner” within the SAPMarkets Global Partner Program, Accenture will dedicate a team of business-to-business professionals to develop and deliver exchanges worldwide. In addition to joint marketing and business development activities with SAPMarkets, Accenture plans to open client showcases in Europe and North America to highlight the company’s proficiency integrating MarketSet across multiple hardware and software platforms.
“Together, Accenture and SAPMarkets offer a seamless package of services and products that provide a better, more cost-efficient alternative for our clients,” said Lance Grether, associate partner, enterprise solutions at Accenture. “We’re creating a solution that’s open and standards-based so our clients can reduce order-to-delivery times, lessen the cost of inventory and cut the time needed to develop and deliver to new products to market. The result is an increase in profitability, precision and agility in the marketplace.”
MarketSet focuses on the efficiency of virtual communities by providing a collaboration platform that drives business processes across multiple software systems and value added services. Design, planning, procurement, and analytics are all integrated into a seamless, collaborative environment that provides marketplace operators with the tools they need to turn their business relationships into revenue generating opportunities.
“Our customers are demanding public and private exchange solutions like MarketSet that enable them to connect with multiple enterprise systems,” said Mayur Shah, president of SAPMarkets. “Our partnership with Accenture ensures that our customers can easily integrate their information and document flow across multiple back-end and legacy systems and reduce costs, optimize supply chain inventories and strengthen customer and supplier relationships.”
Accenture is the world’s leading provider of management and technology consulting services and solutions, with more than 75,000 people in 46 countries delivering a wide range of specialized capabilities and solutions to clients across all industries. Accenture operates globally with one common brand and business model designed to enable the company to serve its clients on a consistent basis around the world. Under its strategy, Accenture is building a network of businesses to meet the full range of any organization’s needs -- consulting, technology, outsourcing, alliances and venture capital. The company generated revenues of $9.75 billion for the fiscal year ended August 31, 2000 and $5.71 billion for the six months ended February 28, 2001. Its home page is http://www.accenture.com.
SAPMarkets is the exchange company of SAP (NYSE: SAP) and delivers solutions that automate business processes across boundaries. Based in Palo Alto, Calif., SAPMarkets currently enables over 1,100 companies worldwide to use the Internet for greater agility, precision and profitability. SAPMarkets can be found at http://www.sapmarkets.com.
SAPMarkets, Inc. is a wholly owned subsidiary of SAP AG. Any statements contained in this press release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “intend,” “may,” “will,” “expect” and “project” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the SAP Annual Report on Form 20-F for 2000 filed with the SEC on March 28, 2001. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright© 2001 SAPMarkets, Inc. SAPMarkets and Business Beyond Boundaries are trademarks of SAPMarkets, Inc. MarketSet and Enterprise Buyer are joint trademarks of SAPMarkets, Inc., and Commerce One Inc. Other product or service names mentioned herein are the trademarks of their respective owners.