b2bScene Partners with edeal to Include Business-to-Business Auctions in Hosted Extranets
edeal AuctionEnabler Enhances b2bScene's Collaborative Commerce Services
Waterloo, ON - 2000-07-25 - b2bScene , a division of Open Text Corporation (Nasdaq: OTEX, TSE: OTC), today announced that it has partnered with edeal Services Corp., a global online auction technology provider, to offer advanced business-to-business auctions through edeal's AuctionEnabler application. b2bScene will support these personalized auctions within its public industry communities and hosted extranets.
b2bScene's online collaborative commerce services include hosted communities such as intranets, extranets and collaborative project teams. With the addition of the AuctionEnabler, individual community members and entire organizations can now create customized auctions on the fly to enable the exchange of goods and services.
The partnership also provides b2bScene with instant exposure on the edeal Auction Network of independent auction sites. The network links b2bScene to the fast growing e-commerce market with thousands of buyers, sellers and auction sites operating in the business-to-business arena. b2bScene users will enjoy the benefits of secure and efficient transactions within these large volume online trading communities.
At b2bScene, we focus on a collection of collaborative services that add value to every transaction, said Dan Latendre, Vice President of Business Development and Marketing, b2bScene. Within the framework of b2bScene's extranet application services, edeal's AuctionEnabler leverages the focused business content and inter-enterprise collaborative tools to build relationships between buyers and sellers, and helps our customers experience greater cost savings and faster distribution throughout their supply chain.
edeal is excited to work with b2bScene to deliver the benefits of collaborative commerce to business users, says Colin Webster, CEO of edeal Services Corp. edeal is the only online auction provider offering access to an established e-commerce network along with a 'do-it-yourself' auction site creation application and a full-range of customized online auction services.
About edeal
edeal Services Corp. (www.edeal.com), an auction application service provider (ASP), focuses on the development and application of innovative online auction technology for the business-to-consumer, business-to-business and consumer-to-consumer markets. edeal is recognized as one of the world's most advanced online trading communities and is committed to providing business with increasingly sophisticated tools and services to maximize their auction productivity and enhance their e-commerce strategies. edeal Services Corp. was founded in 1998 and is a privately owned company headquartered in Canada.
About b2bScene
b2bScene, a division of Open Text Corporation, is a premier Online Solution Provider offering a suite of hosted services to stimulate and promote successful business-to-business interaction and collaboration between an organization's partners, customers and employees within public and private online business communities. A collection of integrated community, content, collaboration and commerce services help b2bScene's customers improve the quality, speed and efficiency of each transaction, process and interaction through deeper and stronger business-to-business relationships.
About Open Text
Open Text has pioneered the development of innovative intranet, extranet and e-business applications. Since creating one of the first search engines to index the World Wide Web, the Company has remained at the forefront of Internet-based technologies. Today, Open Text solutions allow individuals, teams, organizations, and global trading communities to collaborate on projects, share ideas and accelerate innovation to the fastest possible speed. We call it HyperInnovation and it is already a major factor in the success of leading Global 2000 organizations. Open Text has become the largest supplier of collaborative, Web-based e-business applications for the enterprise, with over 3.5 million users in 31 countries, speaking 12 languages throughout the world. For more information, visit www.opentext.com.
About Livelink
Livelink is a highly scaleable e-business application. Its richly-featured enterprise services include virtual team collaboration, business process automation, enterprise group scheduling and information retrieval services, all tightly integrated into a solution that is easily customized and extended. Livelink is essential to the effective management and development of communities of interest that span organizations and industries. For everything from the creation of complex e-community relationships to the automation of simple e-business processes, Livelink delivers true dynamic collaboration between individuals, organizations, and large trading communities. Livelink servers are fully Web-based and open-architected to ensure rapid deployment and easy access to its full functionality through a standard Web browser.
Trademark
Copyright © 2000 by Open Text Corporation. Livelink, 'Effective Solutions. Driven By Vision. Powered By Innovation.', HyperInnovation, b2bScene, and Open Text are trademarks or registered trademarks of Open Text Corporation. This list is not exhaustive. Other product and company names herein may be trademarks of their respective owners.
Release Disclaimer
This news release may contain forward-looking statements relating to the future performance of b2bScene, the deployment of Livelink and myLivelink by customers, and future performance of Open Text Corporation. Forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company s customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the final prospectus for the Company s initial public offering of common stock in January 1996, Form 10-K for the years ended June 30, 1997, June 30, 1998, and June 30, 1999, and Form 10-Q for the quarters ended September 30, 1999, December 31, 1999 and March 31, 2000. Forward-looking statements are based on management s beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management s beliefs or opinions change.
For more information, please contact
Hugh Scholey
Account Executive
High Road Communications
416-368-8348
hscholey@highroad.com
Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com