|
Cap Gemini Ernst & Young and
SAPMarkets Partner To
Help Companies Create Comprehensive B2B Exchange Solutions
Agreement to focus on delivery of private exchanges to
targeted clients worldwide
Lisbon, Portugal - April 24, 2001 - Cap
Gemini Ernst & Young (PSE: PCAP), one of the largest management
and IT consulting firms in the world, and SAPMarkets, Inc.,
the exchange company of SAP group (NYSE: SAP), today
announced that they have signed an agreement aimed at helping
companies worldwide create comprehensive B2B exchange solutions
using the MarketSetT solution.. By signing the agreement with
SAPMarkets, Cap Gemini Ernst & Young joined the SAPMarkets
Global Partner Program as a Most Valuable Partner. As the
first partner to be engaged at this elite level, Cap Gemini
Ernst & Young will develop a dedicated practice focused
on the delivery of MarketSet-based solutions.
As part of the SAPMarkets Global Partner Program, Cap Gemini
Ernst & Young and SAPMarkets will engage in joint marketing,
business development and solution delivery activities. In
addition, two comprehensive SAPMarkets Centers of Excellence
will be established in the United States and Europe to focus
on solution demonstrations, client awareness and competency
development.
MarketSet creates opportunities for multiple businesses to
collaborate with suppliers, partners and customers as closely
as if they were a single entity. The cost-effective
solution provided by MarketSetreduces many of the risks associated
with building a marketplace by integrating complex application
interfaces and new technologies and software.
"SAPMarkets is pleased to be working with Cap Gemini Ernst
& Young to help bring private marketplaces to our customers,"
said Mayur Shah, president of SAPMarkets. "Through this agreement,
our customers have access to a more complete, combined offering
that leverages each company's strengths. Cap Gemini Ernst
& Young's expertise in B2B marketplace integration combined
with the strength of the MarketSet solution will bring tremendous
value to the market."
"I am extremely excited about this global agreement because
of the powerful solutions and value we will be able to provide
to our clients," said Ken Morton, SAP service line leader,
Americas, Cap Gemini Ernst & Young. "This clearly positions
Cap Gemini Ernst & Young as a leader in the MarketSet
solution area."
"We are delighted to see Cap Gemini Ernst &Young, a world-class
consulting firm, become a part of the SAPMarkets Global Partner
Program," said Michael Heinrich, director of Business Development
at SAPMarkets. "We will work together on specific projects
to deliver the leading marketplace solution to benefit our
joint customers."
"As the B2B marketplace industry continues to evolve, we
see this agreement as an excellent opportunity to provide
our clients with the latest B2B marketplace solutions," said
Pravesh Mehra, B2B service line leader, Cap Gemini Ernst &
Young. "Successful companies need a steadfast solution to
survive in today's volatile economy."
Cap Gemini Ernst & Young and SAPMarkets have already
combined forces to leverage e-marketplace opportunities. Working
together they assisted in the formation of a rapid deployment
of a B2B exchange - Enporion, a global supply chain e-marketplace
for the energy industry. Founded by seven energy companies,
Enporion has been in partnership with SAPMarkets and Cap Gemini
Ernst & Young since its incorporation in August 2000.
Enporion was one of the first North American implementations
of the joint SAPMarkets and Commerce One MarketSet solution.
About Cap Gemini Ernst & Young
Cap Gemini Ernst & Young is one of the largest management
and IT consulting firms in the world. The company offers management
and IT consulting services, systems integration, and technology
development, design and outsourcing capabilities on a global
scale to help traditional businesses and "dot companies" continue
to implement growth strategies and leverage technology in
the new economy. The organization employs more than 59,000
people worldwide and reports global revenues of about 8.5
billion euros (2000 pro forma). More information about individual
service lines, offices and research is available at www.cgey.com
About SAPMarkets
SAPMarkets is the exchange company of SAP (NYSE: SAP) and
delivers solutions that automate business processes across
boundaries. Based in Palo Alto, California, SAPMarkets currently
enables over 1100 companies worldwide to use the Internet
for greater agility, precision and profitability. SAPMarkets
can be found at http://www.sapmarkets.com.
# # #
SAPMarkets Inc. is a wholly owned subsidiary of SAP AG. This
press release contains forward-looking statements based on
beliefs of SAP management. Any statements contained in this
press release that are not historical facts are forward-looking
statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. The words "anticipate," "believe," "estimate,"
"expect," "intend," "may," "plan," "project," "should" and
"will" and similar expressions as they relate to SAP are intended
to identify such forward-looking statements. Such statements
reflect the current views and assumptions of SAP, and all
forward-looking statements are subject to various risks and
uncertainties that could cause results to differ materially
from expectations. The factors that could affect future SAP
financial results are discussed more fully in SAP filings
with the U.S. Securities and Exchange Commission (the "SEC"),
including the SAP Annual Report on Form 20-F for 1999 filed
with the SEC on April 7, 2000. Readers are cautioned not to
place undue reliance on these forward-looking statements,
which speak only as of their dates. SAP undertakes no obligation
to publicly update or revise any forward-looking statements.
Copyright © 2001 SAP AG
SAP is a trademark of SAP AG in Germany and several other
countries.
MarketSet is a joint trademark of SAPMarkets, Inc. and Commerce
One, Inc.
Other product or service names mentioned herein are the trademarks
of their respective owners.
|