Business Editors/High-Tech Writers
SAN FRANCISCO--(BUSINESS WIRE)--May 22, 2001
ePropose Incorporates BEA WebLogic(R) Server(TM) in Solution for Automating Strategic Business Processes Within and Across Enterprises
ePropose, Inc., inventor of a breakthrough software platform that enables a powerful new class of collaborative commerce applications, today announced an alliance with BEA Systems, Inc. (Nasdaq:BEAS), one of the world's leading e-business infrastructure software companies. By combining ePropose's innovative platform with BEA's market-leading application server, the alliance is designed to help global organizations rapidly deploy collaborative business processes that bring competitive advantage today, while allowing them to "future-proof" their businesses with technologies that quickly adapt to change tomorrow.
ePropose and BEA are already involved in their first joint implementation at Pure Markets, the leader in eCommerce solutions for equipment finance. "Our continuous commitment to improving the equipment finance process led us to choose ePropose's state of the art platform and BEA's application server," said Jay Fudemberg, CEO of Pure Markets. "This powerful combination allows Pure Markets to create closer, more dynamic relationships between lenders and borrowers."
Applications built on ePropose(TM) automate any collaborative process from beginning to end. Using a newly invented set of software objects and an original concept of how to move pieces of work around a network, ePropose supports not only structured data exchange, but also the human discussion, mid-stream changes and exceptions that slow business processes today. The platform powers teams of people -- within or across firewalls -- to share ideas, structure those ideas into work, collect data, negotiate, solicit approvals, commit transactions and record a complete audit trail. Enterprises can cooperate more closely than ever before, without compromising their proprietary processes or exposing their data assets to outsiders.
"The ePropose and BEA partnership offers real business results to enterprises today," said Bill Leckonby, CEO of ePropose. "Companies can now rapidly deploy collaborative commerce applications that leverage both ePropose's strengths -- support for complex, dynamic, long-running processes -- and BEA's strengths -- application servers that offer high availability, failover and scalability. And, because ePropose and BEA engineer for the future, clients can easily adapt to changing market conditions tomorrow."
About Pure Markets
Pure Markets is the leader in eCommerce Solutions for equipment finance, enabling corporate borrowers, lenders and vendors to manage their equipment finance with lower cost, less time and superior control. Founded in October 1998 and headquartered in San Francisco, the company employs 70 people and has additional offices in Boston, New York, Chicago, Minneapolis, Atlanta, Orlando, Phoenix, Dallas and Los Angeles. Pure Markets is privately held with Crosspoint Venture Partners, Sun Microsystems, Inc. and J. & W. Seligman, Inc. as the lead investors. Call 800/973-7830 or visit Pure Markets at www.puremarkets.com.
About ePropose
ePropose offers a breakthrough software platform that enables a powerful new class of collaborative commerce applications. With ePropose, companies can drive rapid and flawless execution of their strategic business processes -- all while managing the human discussion, mid-stream changes and exceptions that compromise performance today. The result is collaborative business processes that are orders-of-magnitude more efficient. And, interactions with customers, suppliers and other business partners that are better synchronized, more productive and more profitable. ePropose was founded in 1999 and is headquartered in San Francisco, California. Its investors include Crosspoint Venture Partners (www.cpvp.com), Cargill (www.cargill.com), Sippl MacDonald Ventures (www.sipmac.com) and Edge Net Fund II, LLC. For more information on ePropose visit the Web site at www.epropose.com, or telephone 415/369-0360.
Note to Editors: ePropose is a trademark of ePropose, Inc. All other names may be trademarks of their respective owners.