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b2bScene Chosen by Exostar for Aerospace Marketplace Collaboration
Exostar Initiative Formed by Aerospace Consortium to Benefit from Hosted Extranet
WATERLOO, ONT - 2000-12-14 - b2bScene™, a division of Open Text™ Corporation (Nasdaq: OTEX, TSE: OTC), today announced it has been chosen by Exostar™ to host a secure global extranet for the development of the Exostar aerospace marketplace. Exostar was formed by some of the world’s leading aerospace and defense companies to provide an open Internet trading exchange for aerospace and defense suppliers and buyers of all sizes. Exostar's major aerospace partners include BAE SYSTEMS, The Boeing Company, Lockheed Martin Corporation, and the Raytheon Company which together control a total combined procurement outlay of $71 billion.
b2bScene’s extranet solution, combined with its suite of value-added on-line services, will help Exostar collaborate with its global community of aerospace companies in real-time over the Web, sharing knowledge and experiences and speeding time to market. b2bScene’s extranet solution uses Open Text’s Livelink(R) to provide an on-line environment for business-to-business collaboration including applications such as document management, group scheduling, business process automation, full-text search, tasks, discussions and more. The solution is offered on a secure, high-performance, reliable hosting infrastructure.
"Exostar required rapid deployment of a global extranet, and b2bScene had it up and running in a matter of days," said Stephen O’Sullivan, Executive Vice President, Sales and Marketing, Exostar. "The b2bScene community model unites our staff and customers on-line, accelerating service implementation time, saving us money and enhancing customer service."
"Exostar's extranet is an excellent example of how b2bScene rapidly delivers hosted solutions with its e-Business Community Platform™," said Kirk Roberts, President, b2bScene. "More business-to-business marketplace and portal vendors are looking to b2bScene's technology to unite collaboration, content and commerce on a hosted infrastructure."
According to David Yockelson, Sr. Vice President and Director, Electronic Business Strategies at META Group, " Hosted collaborative technologies such as those provided by b2bScene deliver the agility required by organizations seeking to accelerate their time to market. By rapidly deploying online business communities, these organizations can span internal and external process and relationship boundaries to quickly engage other parties in complex business initiatives."
b2bScene’s extranet solution, combined with its suite of value-added on-line services, will help Exostar collaborate with its global community of aerospace companies in real-time over the Web, sharing knowledge and experiences and speeding time to market. b2bScene’s extranet solution uses Open Text’s Livelink(R) to provide an on-line environment for business-to-business collaboration including applications such as document management, group scheduling, business process automation, full-text search, tasks, discussions and more. The solution is offered on a secure, high-performance, reliable hosting infrastructure.
"Exostar required rapid deployment of a global extranet, and b2bScene had it up and running in a matter of days," said Stephen O’Sullivan, Executive Vice President, Sales and Marketing, Exostar. "The b2bScene community model unites our staff and customers on-line, accelerating service implementation time, saving us money and enhancing customer service."
"Exostar's extranet is an excellent example of how b2bScene rapidly delivers hosted solutions with its e-Business Community Platform™," said Kirk Roberts, President, b2bScene. "More business-to-business marketplace and portal vendors are looking to b2bScene's technology to unite collaboration, content and commerce on a hosted infrastructure."
According to David Yockelson, Sr. Vice President and Director, Electronic Business Strategies at META Group, " Hosted collaborative technologies such as those provided by b2bScene deliver the agility required by organizations seeking to accelerate their time to market. By rapidly deploying online business communities, these organizations can span internal and external process and relationship boundaries to quickly engage other parties in complex business initiatives."
About b2bScene
b2bScene has created the first e-Business Community Platform for delivering business-to-business solutions on a hosting infrastructure. b2bScene's premier online solutions 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 content, collaboration and commerce services help b2bScene's customers improve the quality and efficiency of each transaction, process and interaction, resulting in faster time to market, lower costs and greater competitive advantage.
About Exostar
Exostar is an independently incorporated and neutral electronic marketplace designed to increase the efficiency of supply chain transactions and improve design collaboration across the aerospace and defense industry. More information can be found at www.exostar.com.
About Open Text
Open Text provides collaborative commerce solutions for e-business that enable users to extend and build CRM, SCM and ERP applications and allow them to work together within and across organizations. 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. Its solution family called Livelink enables individuals, teams, organizations, and global trading communities to collaborate on e-business applications that facilitate e-commerce and other transactions among Global 2000 organizations. For more information, visit www.opentext.com.
Trademark
Copyright (C) 2000 by Open Text Corporation. Livelink 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 deployment of Livelink 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, 1998, June 30, 1999, and June 30, 2000, and Form 10-Q for the quarter ended September 30, 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.
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