Yesterday, Dairy.com, an independent, neutral Internet exchange serving the dairy industry, announced the selection of ATG Dynamo (e-Business Platform, Interwoven TeamSite, and Moai LiveExchange (as the technology to power its e-market. Dairy.com also announced the selection of Digex as its managed Web-hosting provider. This technology is the foundation for Dairy.com’s neutral and open bid-ask exchange. Dairy.com’s online dairy commodity exchange will enable users to have better visibility of trading partners and market prices.
“After an extensive evaluation of the available technologies, we decided to take a best of breed approach to selecting our technology partners,” stated Scott Sexton, president of Momentx, the parent company of Dairy.com. “The combination of ATG, Digex, Interwoven, and Moai offered the best solution to address the critical needs of the dairy industry. Our team is developing a comprehensive solution that will deliver real benefits to our customers.”
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“Dairy.com has selected world class technology solution providers. Each partner is a leader in the development of technology for their respective platforms,” stated Greg Bott, chief technology officer of Momentx, the parent company of Dairy.com. “ATG, Digex, Interwoven, and Moai technology will enable the dairy industry to leverage the power of the Internet.”
Dairy.com is on schedule to launch its first release in the first quarter of 2001 with live trading of select commodities including milk and cream, logistics estimating tools, and industry-focused content. In addition, Dairy.com is working aggressively to build out additional functionality for future releases which will include spot and long-term trading of other dairy commodities including butter, cheese, and powders as well as direct replenishment and farm management tools.
About Dairy.com
Dairy.com is the first business-to-business online vertical exchange focused specifically on serving the entire U.S. dairy industry. Dairy.com is an independent neutral company whose services and tools will be open to all dairy industry participants. Dairy.com’s mission is to provide comprehensive internet tools to help the dairy industry create a better way of doing business. Five key functional platforms are under development for the site: a dairy commodity exchange, dairy farmer services, information tools, supply chain management tools and industry-focused community and content. Dairy.com was founded by a broad consortium of leading dairy industry organizations representing all segments of the industry – farmer owned cooperatives, milk, ice cream and yogurt processors and cheese manufacturers. For more information visit www.dairy.com.
About Momentx
Momentx is an e-market solution provider for the dairy and food and beverage industries and operates the INC2inc and Dairy.com e-markets. For more information visit www.momentx.com.
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By GlobalDataAbout ATG
ATG (Art Technology Group, Nasdaq: ARTG) is a leading provider of online customer relationship management and electronic commerce products and services. ATG offers an integrated suite of Java (application server-based products and services, as well as related application development, integration and support services. The ATG Dynamo( e-Business Platform enables Global 2000 enterprises, as well as new businesses using the Internet as their primary business channel, to understand, manage and build their online customer relationships and to more effectively market, sell and support their products and services over the Internet. With its network of more than 225 solution partners, ATG has delivered e-business solutions to over 530 companies worldwide including 3M, Aetna Services, Inc., American Airlines, Blockbuster, BMG Direct, ChipCenter, Eastman Kodak, HSBC, Herman Miller, J. Crew, Sun Microsystems, and Target. The company is headquartered in Cambridge, Massachusetts with additional locations throughout North America, Europe, Asia and Australia. Dynamo, ATG, and Art Technology Group are registered trademarks of Art Technology Group, Inc.
About Digex
Digex (Nasdaq: DIGX) is a leading provider of managed Web and application hosting services for some of the world’s leading companies that rely on the Internet as a critical business tool. Digex customers, from mainstream enterprise corporations, Internet-based businesses and Application Service Providers (ASPs), leverage Digex services to deploy secure, scaleable, high performance business solutions, including electronic retailing, online financial services, online procurement and customer self-service applications. Digex also offers value-added enterprise and professional services, including performance and security testing, monitoring, reporting and networking services. Additional information on Digex is available at www.digex.com.
About Interwoven
Interwoven, Inc. (Nasdaq: IWOV) is the world’s leading provider of enterprise-class content management software. Its solutions control the development, management and deployment of Web content and are the de facto standard for over 500 Global 1000 companies including General Electric, General Motors and Cisco Systems. Interwoven teams with the leading best-of-breed eBusiness application providers to provide customers an end-to-end platform for eBusiness. For more information on the fastest growing software company in Silicon Valley and its proven XML-based solutions, visit the Interwoven Web site at www.interwoven.com.
About Moai Technologies
Moai is an e-commerce infrastructure provider, offering online negotiation solutions that can lower costs and raise profit margins. By automating contract negotiations and bringing traditional bidding to the Web, Moai’s LiveExchange(tm) solutions deliver global reach and increased supplier competition to corporations and net market makers. Many Moai customers have realized savings of 25 percent or more on purchases of materials and services and up to 70 percent in administrative overhead by leveraging LiveExchange for strategic sourcing. Moai has become a leader in the e-commerce market with more than 140 customers worldwide. Moai investors include market leaders such as Accenture Technology Ventures, BroadVision, Hewlett-Packard, Intel, Merrill Lynch, Reuters, and UPS. Founded in 1996, Moai Technologies, Inc., is headquartered at 25 Lusk Street, San Francisco, CA 94107, telephone: 415-625-0601; FAX: 415-625-1200; www.moai.com.
This press release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Important risk factors affecting business generally may be found in periodic reports and registration statements filed with the Securities and Exchange Commission. Risk factors related to the subject matter of this press release include the possibility that the products will not be or remain compatible with other software used by the customer; that the customer’s web site will fulfill its requirements or those of its end-user customers; that the product will not remain scalable; and the costs and risks associated with intellectual property infringement. The parties undertake no obligation to update any of the forward-looking statements after the date of this press release.
