FOR IMMEDIATE RELEASE
(617) 926-6665 x234
-- Partnership Offers Enterprises Proven Solutions For Integrating Suppliers and Business Partners of All Sizes Into Their e-Commerce Environments --
Newport Beach, Calif. and St. Paul, Minn., July 31, 2001 - IPNet Solutions Inc., a developer of software that connects Global 2000 companies and their business partners and SPS Commerce, the leading Supply Chain Integration Service provider, today announced they have entered into a joint marketing partnership. This initiative will enable SPS and IPNet to work together in assisting companies in electronically communicating with all of their suppliers, regardless of their size or unique e-commerce and supply chain needs. By deploying SPS service and IPNet software solutions to communicate electronically with all suppliers, distributors and business partners, businesses can dramatically reduce the costs associated with manual processes and paper-based transactions to generate revenue and achieve a rapid return-on-investment.
"In today`s competitive environment, companies are looking to optimize their supply chains and the effectiveness of their business-to-business relationships," said Joel Mjolsness, senior vice president of business development for IPNet. "Our core competency lies in building powerful connectivity solutions for some of the world`s leading businesses and their trading partners, enabling them to migrate from proprietary solutions, such as VAN-based EDI, to Internet-based e-commerce. Our partnership with SPS provides our customers with an alternative consulting service to connect their small and mid-sized suppliers."
IPNet develops flexible and secure software solutions that work with all leading Internet standards, XML and legacy EDI systems to connect Global 2000 companies and their business partners. The company`s current customers include Dollar General, Hanover Direct, Kohl`s, Lowe`s, Northrop Grumman, Remington Products, Salt River Project, U.S. Foodservice and VF Corp.
SPS Commerce offers hosted supply chain integration services that enable companies, such as Target Corp., Kmart and REI, to integrate small to mid-sized vendors into their supply chain without mandating costly or proprietary technologies. Through this joint partnership, SPS Commerce and IPNet will collaborate on their solutions to existing and prospective customers that would like to integrate SME partners into their value chains.
"This is a very symbiotic relationship," said Jim Frome, SPS Commerce`s executive vice president and chief strategy officer. "IPNet`s ability to connect Global 2000 companies to their vendors is complementary to our experience with integrating small and mid-sized enterprises into our customers` supply chains. Together, we`ll be able to provide companies with the most comprehensive solutions for their e-commerce needs."
About IPNet Solutions Inc.
IPNet Solutions Inc. provides software that connects Global 2000 companies and their business partners. Its flexible and secure solutions support leading Internet standards, XML and legacy EDI systems. IPNet allows business partners of any size to participate in B2B initiatives by offering server, PC, Java-client and browser options for data exchange. Its patented technology helps companies migrate risk-free from legacy systems to the Internet. Industry recognition includes UPSIDE Magazine`s "Hot 100 Private Companies," Computerworld`s "Top 100 Emerging Companies to Watch in 2001," Managing Automation`s "25 Emerging Companies to Watch," American Electronics Association`s "Best Innovative New Product/Technology," iSource`s "Top 100 Premier E-Procurement Providers" and RIS News` "Top 50 Retail Software Vendors." More information about the company can be found at www.ipnetsolutions.com or 866-476-3848 (866-IPNET4U).
About SPS Commerce
SPS Commerce is the leading Supply Chain Integration Service provider. The Company specializes in helping large enterprises optimize their supply chains by providing transaction management, application integration and supply chain services to their small- and mid-size trading partners via a hosted Internet service. It has helped key enterprises, including Kmart, Target Corp., REI and Dura Automotive, electronically enable and integrate over 25,000 small and mid-sized trading partners into their e-supply chain. SPS Commerce is headquartered in St. Paul, MN. For more information, visit the Company at www.spscommerce.com or call (651) 603-4400.
SPS Commerce is a registered trademark of SPS Commerce Inc., SPSConnect, spscommerce.net and the SPS Commerce logo are the property of SPS Commerce, Inc. All other names and trademarks are the property of their respective holders.