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Subject: OASIS Member News: BUZZSAW.COM SELECTS WEBMETHODS
FOR IMMEDIATE RELEASE Contacts: Nicole Keating webMethods, Inc. (703) 460-5960 nkeating@webmethods.com Gabrielle Friedly Buzzsaw.com (415) 402 3454 gabrielle.friedly@buzzsaw.com Lauren Arnold or Monette Goodrich Schwartz Communications, Inc. (781) 684-0770 webMethods@schwartz-pr.com BUZZSAW.COM SELECTS WEBMETHODS TO LINK SUPPLIERS WITH LEADING CONSTRUCTION MATERIAL MARKETPLACE Buzzsaw.com to use webMethods B2B to Enable Real-time B2B transactions Between Buyers and Suppliers in the Construction Industry Fairfax, Va. and San Francisco, Calif.--May 30, 2000-webMethods, Inc. (Nasdaq: WEBM), the leading provider of business-to-business integration (B2Bi) solutions and Buzzsaw.com, the premier business-to-business (B2B) marketplace and collaboration workspace for the building design, construction and real estate management industries, today announced Buzzsaw.com will use webMethods B2B( to facilitate real-time procurement transactions between suppliers and contractors in the construction industry. Buzzsaw.com is streamlining procurement in the $3.2 trillion worldwide construction industry. Traditionally, construction professionals managing building projects visit dozens of suppliers and manufacturers to source all of the material needed to complete their portion of the contract. By implementing webMethods B2B, building professionals now will have a streamlined procurement and requisitioning process and will have access to real-time pricing and availability information, which changes almost daily and is critical to on-time project delivery. As a part of the underlying software infrastructure that powers Buzzsaw.com, webMethods B2B creates tight links with suppliers and allows for real-time transactions and views into critical information such as inventory levels and pricing. In addition, webMethods B2B is integrated with Ariba's TRADEX Commerce engine, which facilitates browser-based procurement functions such as catalog searches and approvals and reconciliation of order items. By using webMethods B2B, Buzzsaw.com will be able to not only increase its competitive advantage, but also will make it easier for suppliers to conduct business with specialty and general contractors. "While Buzzsaw.com has already established itself as a leader in online collaborative services for the building and design industry, it can make an even greater impact on the construction industry with webMethods B2B by providing its trading partners with a seamless flow of business information in real time," said Phillip Merrick, president and CEO of webMethods. "By using webMethods B2B to completely automate business transactions--from order placement, to pricing information, to processing through to delivery--Buzzsaw.com can concentrate on providing even more products and services to the rapidly expanding building construction and design marketplace." As part of the agreement, Buzzsaw.com's partners, suppliers and distributors will use webMethods B2B for Partners, to allow trading partners to integrate their back-end procurement systems such as SAP, Baan, Oracle and PeopleSoft, with the trading exchange. To ensure that all partners can access information in real-time and create tight connections with the exchange, webMethods B2B supports all open standards and protocols of the Internet. "We see webMethods as the bridge between existing suppliers in the construction industry and the expanding Buzzsaw.com marketplace," said Anne Wright, vice president of Buzzsaw.com's Marketplace. "Without webMethods B2B, connecting the tens of thousands of building product suppliers in real-time with our B2B marketplace wouldn't be realistic." Buzzsaw.com's total service offerings address all of the core functions of the building design and construction industry, including design collaboration, construction administration, bidding, procurement and ongoing management. Buzzsaw.com already operates the largest online collaboration network in the construction industry, serving more than 7,000 active building projects-exceeding any other online marketplace for the construction industry. webMethods provides a comprehensive solution that allows organizations to effectively realize their B2B e-commerce strategies. Through broad support of open standards and protocols, such as XML, RosettaNet, FpML, cXML, OBI, OAG, ACORD, Microsoft BizTalk and legacy EDI, the webMethods B2B family of products connects integrated trading networks and enables companies to conduct business over the Internet with minimal stress to corporate resources and existing infrastructure. About webMethods, Inc. webMethods, Inc. (Nasdaq: WEBM) is the leading provider of software solutions for business-to-business integration (B2Bi). Leveraging the open standards of the Internet, the award-winning webMethods B2B(tm) family of products provides the B2Bi infrastructure enabling Global 2000 companies and B2B marketplaces to connect customers, suppliers and partners to form real-time B2B trading networks. webMethods B2B allows companies to create new revenue opportunities, strengthen relationships with customers and substantially reduce supply chain inefficiencies. Founded in 1996, webMethods is based in Fairfax, Va., with offices across the U.S. and Europe. webMethods has more than 160 customers worldwide-from Global 2000 leaders such as Dell, Eastman Chemical Company, Lucent and W.W. Grainger to major B2B marketplaces like e-STEEL and ChemConnect. webMethods' strategic partners include Ariba, Deloitte Consulting, EDS, i2 Technologies, KPMG, Microsoft, Sterling Commerce and SAP AG. More information about the company can be found at www.webMethods.com. About Buzzsaw.com, Inc. Buzzsaw.com is the premier B2B marketplace and collaboration workspace for the global $3 trillion building design, construction and real estate management industry. With its easy-to-use tools and services, Buzzsaw.com helps building professionals including architects, engineers, underwriters, contractors, and facilities managers to work more efficiently at every stage of the design, construction and building management process. The largest and fastest-growing online resource for the construction industry, Buzzsaw.com provides a comprehensive set of Web-based project collaboration and bid management tools, news, resource directories and e-commerce services. Buzzsaw.com, Inc. is a privately held company based in San Francisco. It is backed by Morgan Stanley Dean Witter's Private Equity and Real Estate Private Equity Groups, Bank of America, Impact Ventures, Autodesk, Inc. and Crosspoint Venture Partners. For more information, click onto www.buzzsaw.com. ### webMethods and webMethods B2B are trademarks of webMethods, Inc. All other company and product names are property of their respective owners. This press release contains various remarks about the future expectations, plans and prospects of the Company that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. The actual results of the Company may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Risk Factors section of the Company's recent Registration Statement on Form S-1, which is on file with the Securities and Exchange Commission. Scott McGrath Member Services Manager OASIS Organization for the Advancement of Structured Information Standards +1 978 667 5115 (US & Int'l Voice) +1 978 667 5114 (US and Int'l Fax) scott.mcgrath@oasis-open.org http://www.oasis-open.org OASIS PO Box 455 Billerica, MA 01821
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