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Subject: OASIS MEMBER NEWS: Netfish Launches Products for B2B Trading Portals
From: "David Finkelstein" <david@cormancom.com> To: <announce@oasis-open.org> Subject: Netfish Launches Products for B2B Trading Portals Date: Tue, 28 Mar 2000 09:30:14 -0800 Netfish Launches Products to Supercharge B2B Trading Portals Leading Portal Operators Adopt Netfish's New Platform for Creating Next-Generation Marketplaces For Information About Netfish Technologies: Patrick Corman David Finkelstein Corman Communications Corman Communications (650)326-9648 (650)520-6710 patrick@cormancom.com david@cormancom.com For Immediate Release SANTA CLARA, Calif., March 28, 2000 - Netfish Technologies, Inc. today announced the creation of a new business unit and a strategic direction to deliver the Netfish XDI eProcessT platform, a unique set of business tools and services that enable trading portal operators to transform their current B2B e-commerce marketplaces into next-generation process hubs. Using the XDI eProcess platform, portal operators can quickly move beyond existing buy/sell transactions and begin offering their enterprise customers complete supply chain solutions that integrate catalog-based procurement with back-end product delivery and fulfillment processes. The XDI eProcess platform is the key to automating core business processes, as well as integrating portals with existing internal business systems and data. "Portal operators now have a complete, industrial-strength solution enabling them to offer end-to-end B2B solutions that integrate and optimize a variety of business processes, in addition to buying and selling processes," said Jim Dills, vice president of the Net Markets Business Unit at Netfish. "The Netfish XDI eProcess Platform lets portal operators create advanced B2B services they can use to differentiate their offerings and make them more competitive." Netfish today also announced that it had entered into strategic relationships with leading portal operators, Freightquote.com, Postgirot Bank AB, SendOrder.com, RetailMetro.com, WorldCatch.com and Quasar Exchange to deploy the XDI eProcess platform. "Freightquote.com views a partnership with Netfish as a perfect fit. The Netfish mission to enable enterprises to seamlessly automate business processes between customers, manufacturers and suppliers by transacting directly over the Internet is exactly what we had in mind when we developed our freight ASP tools." said Jason Beer, director of business development for Freightquote.com. "The result is great cost savings, tremendous reduction in cycle time, elimination of errors, improved customer service and satisfaction. It's a great situation for all parties involved." "A secure and scalable platform gives us significant time to market advantage," said Lennart Holgerman, vice president, e-commerce, Postgiro Bank AB. "The XDI process hub provides us with a tool to become a market leader in collaborative e-business and to integrate our existing payment services with new functionality. This saves us time and money and enables us to leverage our business relationships with our customers." "We are glad to work with Netfish to leverage their capabilities for legacy and ERP backend integration." said Jamie Schwartzman, VP Business Development of SendOrder.com, the Commerce Interchange for B2B eFulfillment Communications (EFC). "This extends our service's reach to send orders electronically to ANY trading partner." "We are happy to work with Netfish to leverage the XML B2B process exchange capabilities that their product provides." said Jeremy Nurse, CEO of RetailMetro, the leading B2B marketplace for the furniture industry. "Netfish has the premier implementation of a standards based B2B exchange platform and we are pleased to work with them for our backend B2B integration" said Paul Whyatt, COO of WorldCatch.com, the leading B2B marketplace for the seafood industry. "We are excited about the opportunity to work with Netfish to provide a back end integration and collaborative workflow solution for our biopharmaceutical and semiconductor eMarkets " said Bill Li, Co-Founder and Vice President of Engineering, Quasar Exchange. "Netfish's XDI Process Hub is pure Java and XML based and therefore allows us to implement an extremely flexible and robust platform to serve our customers B2B integration needs. The ability to translate different types of XML based business documents such as RosettaNet PIP's to EDI or xCBL will provide significant value to Quasar Exchange customers" " The XDI eProcess Platform The XDI eProcess platform offers a complete solution that makes it easy for portal operators to implement and administer advanced B2B services. At the core of the system, the Netfish XDI Process Hub builds on Netfish's back-end integration and collaborative workflow technology to enable end-to-end B2B process integration. The Process Hub is supported by a resource library of industry specific XML business documents, an update service for the resource library, open distributed directory services, end-to-end security for B2B transactions and customizable trading partner profiles and work flows. Combined with the extensive support offered by Netfish's professional service organization, portal operators have everything they need to unify their enterprise customers' incompatible ERP, EAI and EDI systems, facilitate any-to-any electronic business document exchange, ensure end-to-end transaction security over the Internet and automate and manage the workflows for complex B2B transactions. "Netfish, with its XDI, B2B e-commerce system, is taking an important step forward in addressing the opportunity of interoperable eMarkets. Their new product line is an excellent example of delivering on the eCo vision," said Mark Resch, president of CommerceNet. "Interoperable eMarkets provide portal operators with an opportunity to be faster to market and offer new services by completely integrating supply chain processes." The Opportunity The Boston Consulting Group estimates the dollar value of B2B e-commerce transactions will grow by 33 percent each year between 1998 and 2003 to reach approximately $2.8 trillion. Forrester Research estimates that by 2004, 53 percent of these transactions will occur through process hubs (eHubs) like those made possible by the Netfish XDI eProcess Platform. "B2B Marketplaces are moving towards complete integration of business processes", said Hollis Bischoff, vice president, Meta Group. "Net Market operators will need to deliver complete supply chain solutions that integrate product design, manufacturing, procurement, delivery and fulfillment." Meeting the Challenge The Netfish XDI eProcess platform helps portal operator meet the challenge of migrating their existing trading portals to the next-generation of process hubs by offering: § Back-End Process Integration - A powerful line of adapters provide tight integration with a wide range of business applications from SAP, Oracle, Baan, JD Edwards and other ERP, EAI and EDI systems. § Collaborative Workflow Between Trading Partners- Customizable trading partner profiles and workflows coordinate multi-party interactions for procurement, order entry, inventory control, design, manufacturing and logistics, all the processes associated with a complete e-business strategy. § Any-to-Any Document Mapping and Translation - Flexible electronic document mediation is handled transparently and automatically. The XDI Process Hub resource library includes support for a variety of industry standard, XML-based business documents, including EDI, RosettaNet PIP's, OAG BODs, cXML, xCBL and BizTalk, which can be used to customize trading partner interaction processes, and can be easily established by customers when they subscribe to the back-end integration service. § Flexible Access - Back-end integration and collaborative workflow functionality can be provided to portal customers via a web browser interface, a customized portal client, the Netfish XDI Server or a variety of third-party XML platforms. Enhanced, End-to-End Security for Business Documents The XDI Process Hub relies on the most advanced security and encryption technology for ensuring safe transmission of sensitive documents. Digital signatures applied to the documents authenticate the sender and ensure the document was not modified by the recipient or during transmission. Trading partners are able to configure the security and encryption methods employed by their B2B communications through customizable encryption rates, the addition of digital signatures and use of digital certificates from the leading certificate authorities. Easy Integration with Existing Portals The Netfish XDI eProcess Platform integrates easily with an operator's existing systems. The XDI Process Hub service interface provides seamless integration with existing portal software. The Process Hub trading partner management system supports open directory standards, and provides an open interface for integrating with any existing trading partner management system. About Netfish Technologies Netfish Technologies is a leading provider of XML-based business-to-business e-commerce solutions. Netfish services customers, such as Cisco Systems, in a range of industries including IT, semiconductor, and manufacturing. Netfish was selected as one of the "Top 4 Most Innovative Solutions" on Oracle Applications and one of the "Top 50 Overall." Founded in 1997, Netfish is based in Santa Clara, CA. Netfish is available on the World Wide Web at www.netfish.com or via email at info@netfish.com. Netfish Technologies and XDI eProcessT are trademarks, and XDI is a registered trademark of Netfish Technologies, Inc. David Finkelstein Corman Communications Tel: (650)520-6710 Fax:(650)558-0933 david@cormancom.com
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