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PurchasePro and BroadVision Announce Strategic Alliance to Deliver Global E-Commerce SolutionsLAS VEGAS and REDWOOD CITY, Calif.--Dec. 21, 2000--PurchasePro and BroadVision Market Universal E-Products for Companies of All Sizes PurchasePro (Nasdaq:PPRO - news), a leading enabler of business-to-business e-commerce solutions for companies of all sizes, and BroadVision, Inc. (Nasdaq:BVSN - news), a leader in personalized e-business applications, today announced a broad strategic marketing agreement, sales alliance, and worldwide sales channel development initiative that will combine BroadVision's applications with PurchasePro's business-to-business marketplace technology. The alliance provides PurchasePro with access to BroadVision's substantial base of midsized and large companies. Simultaneously, PurchasePro will expand BroadVision's presence and propel BroadVision's sales in the middle to mass market where PurchasePro has established alliances with such industry leaders as AOL, Computer Associates, Gateway, Office Depot and Sprint. BroadVision and PurchasePro will immediately begin joint sales training and promotion of these solutions to both companies' established customer bases. ``Our partnership with BroadVision will bolster our global and domestic operations,'' said Charles E. Johnson, Jr., chairman and chief executive officer of PurchasePro. ``With PurchasePro's rapidly expanding domestic marketplace sales and increasing international member base in Europe, the Pacific Rim, and Canada, BroadVision will further our drive to become the world's leading e-commerce enabler.'' ``PurchasePro helps our company drive its products deep into the middle and mass market, reaching a previously untapped market segment of small and midsized businesses,'' said Dr. Pehong Chen, president and chief executive officer of BroadVision. ``We believe that PurchasePro's products are leading the industry. PurchasePro will be the lead hosted business-to-business solutions provider in our portfolio.'' The offerings are comprised of BroadVision's applications and related consulting, education, and support services and PurchasePro's suite of e-commerce marketplaces. The companies expect the alliance to provide customers with the following benefits: Upper market -- PurchasePro and BroadVision will offer large corporations premier e-commerce solutions that aggregate purchasing processes, reduce procurement costs, and decrease staffing expenditures. Mid-market -- BroadVision's and PurchasePro's solutions will provide marketplace owners with the ability to quickly deploy ``Fortune 500-like'' software solutions for their enterprises. Mass market -- Marketplace members can receive BroadVision and PurchasePro's intuitive software applications and e-commerce solutions delivered in a more effective manner. About BroadVision BroadVision (Nasdaq:BVSN, Neuer Markt:BDN) develops and delivers an integrated suite of packaged applications for conducting e-commerce interactions and transactions. Global enterprises and government entities use these applications to sell, buy and exchange information over the web and on wireless devices. The BroadVision e-commerce application suite enables a corporation to become more competitive and profitable by establishing and sustaining high-yield relationships with customers, suppliers and employees. BroadVision services professionals, supported by over 100 partner organizations worldwide, transform these applications into business value for our customers through consulting, education, and support services in more than 34 countries. BroadVision -- founded in 1993, public since 1996 -- has more than 1,200 customers and is a component stock of the Standard & Poor's 500 index. IDC ranks BroadVision as the world's leading provider of e-commerce software applications (International Data Corp., E-Commerce Software Applications Market Forecast and Analysis, 2000-2004). BroadVision is headquartered in Redwood City, Calif. and can be reached at 650/261-5100 or info@broadvision.com. About PurchasePro PurchasePro (Nasdaq:PPRO - news), a leader in business-to-business e-commerce, operates the PurchasePro global marketplace, encompassing more than 30,000 businesses and powering approximately 240 private-label marketplaces with its highly scalable, browser-based e-commerce engine. PurchasePro's solutions enable businesses of all sizes to easily buy and sell products and services, and compete more effectively by enhancing sales opportunities, reducing procurement costs, and greatly increasing employee productivity. PurchasePro responds to the most common corporate needs: e-Procurement for corporate procurement, v-Distributor for online distributors, and e-MarketMaker for Internet market makers. PurchasePro has developed strategic sales and marketing relationships with industry leaders including America Online, Computer Associates, Gateway, Hilton, Office Depot, and Sprint. The company provides extensive support and training programs. For information, call toll free at 888/830-4600 or in Las Vegas at 702/316-7000 or visit http://www.purchasepro.com . Note to Editors: PurchasePro is a servicemark of PurchasePro.com, Inc. BroadVision and BroadVision One-To-One are registered trademarks of BroadVision, Inc. in the United States and other countries. All other trademarks or registered trademarks are the property of their respective owners. This press release includes forward-looking statements which are subject to the ``Safe Harbor'' created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements (which involve the company's plans, beliefs and goals, refer to estimates or use similar terms) involve certain risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies such as the Internet, the risks of technology development and the risks of competition that can cause actual results to differ materially from those in the forward looking statements. These forward-looking statements represent only the views of certain members of management and do not necessarily represent a consensus of all employees and managers within the company. Moreover, those forward-looking statements are based on limited information available to us now, which is subject to change. It should be clearly understood that the factors and perceptions on which these forward-looking statements are based are highly likely to change over time and that we have no current plan to update these statements. Actual results may differ substantially from what we say today and no one should assume at a later date that the forward-looking statements provided herein are still valid. They speak only as of today. For more information about these risks and uncertainties, see the SEC filings of (a) PurchasePro, Inc., including the section entitled ``Factors That May Affect Results'' in its 10-K filing for the period ended Dec. 31, 1999 and its 10-Q for the quarter ended Sept. 30, 2000, which is available from the company on request and on the Internet at the SEC's Website, www.sec.gov and (b) BroadVision, Inc., including the section entitled ``RISK FACTORS'' under Item 7 of its Form 10-K for the year ended Dec. 31, 1999 and the section entitled ``FACTORS AFFECTING QUARTERLY OPERATING RESULTS'' under Item 2 of its Form 10-Q for the quarter ended Sept. 30, 2000.
Editorial Contact: Gabrielle Stone Collaborative Communications Inc. 617-520-9164 gstone@collaborative.com top of page |
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