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OAKLAND, Calif., Oct 30, 2000 (BUSINESS WIRE)
-- Versata Inc. (Nasdaq: VATA), a
provider of software and services that automate
the development, deployment and change management
of transaction-based e-business, today announced
that ORIX Australia Corporation Ltd. (NYSE: IX)
has selected the Versata
E-Business Automation System™ as a platform for
all of its Web-based applications and new internal
systems. Interim Technology (soon to be re-branded
as Spherion), a leading provider of IT solutions
in Australia, introduced the Versata System to ORIX.
ORIX specializes in the acquisition, financing
and management of vehicles and other forms of
transport, as well as the financing of
manufacturing and construction plant and
equipment. The company will build all of its Web
applications with the Versata
System and Java, as
well as Web-enable many internal applications.
After developing its Internet site, ORIX will
build various Web-based applications, including a
client-focused debt management system for a
subsidiary debt collection agency, Austral
Mercantile; a Web-based fleet management system; a
retail vehicle sales and auction site for ORIX's
off-lease vehicles; and a business-to-business XML
data interchange for global fleet customers.
"We chose Versata because
it addressed the strict time-to-market and change
management requirements within our organization,"
said Michael Gasson, Internet Services Manager for
ORIX. "We have a small development team of four
in-house Web developers, so Versata will help us get systems up to
speed faster using our existing resources.
Versata's business
rules-based approach is a better way to map our
current business processes to our Web
applications. We wanted to move away from
Microsoft and PowerBuilder to a more scalable,
pure Java solution. We
needed both a rich development environment and a
scalable, standards-based platform, but it was the
business rules approach to automating e-business
transactions that closed the deal."
Prior to selecting Versata, ORIX used product offerings from
Sybase and Microsoft in its management systems.
According to Gasson, the limitations of these
systems to adapt to ever-changing business rules
prompted ORIX to seek a system that was more
flexible and easier to maintain. After a four-day
trial session, ORIX selected the Versata rules-based technology over
SilverStream for its speed of implementation and
ease in changing applications.
"We are delighted with the outcome," said Mark
Prior, Interim Technology's E-Business Director.
"Working through the assessment process with ORIX
provided a tremendous opportunity to showcase the
flexibility and performance of Versata. ORIX now has the platform to
better manage their e-business and really move it
up a gear."
"Interim is a key partner for Versata in the Australian market. We are
excited about their innovative solution for ORIX,
an important player in Australia," said Mike
DeVries, Chief Marketing Officer and Senior Vice
President of Product Operations at Versata. "ORIX faced a situation where its
previous solution was becoming increasingly
difficult to manage. With Versata's technology, ORIX now has a
solution that meets its needs as its business
rules change and that allows it to keep up with
the rapid pace of e-business."
About ORIX ORIX Australia has offices
throughout Australia and New Zealand, employs more
than 500 staff and owns or manages assets in
excess of $2 billion. The company specializes in
the acquisition, financing and management of
vehicles and other forms of transport but also
finances manufacturing and construction plant and
equipment. It provides commercial finance,
property finance, business finance, factoring and
specialist fleet management and leasing services.
ORIX Australia is a subsidiary of ORIX
Corporation (NYSE: IX) one of Japan's most
innovative and diversified financial services
institutions with assets in excess of $50 billion.
About Interim Technology Interim Technology is
one of the leading e-business delivery companies
in Australia, specializing in individualized
e-business planning and implementation services
for the corporate sector and is the region's
leading independent provider of total business
solutions. The company delivers its services,
including e-business consulting, information
technology services, flexible workforce, permanent
recruitment, and education and training through
offices across Australia, New Zealand and Asia.
Interim Technology is a Spherion company
operating in the Asia Pacific region. Spherion
Corporation (NYSE: SFN), is a $3.8 billion human
capital management company with 1,000 offices in
12 countries. The Company, which was founded in
1946 and is based in Fort Lauderdale, FL, builds
talent, technology and outsourcing solutions to
help clients efficiently deploy human capital and
improve their bottom line. Visit the Company's web
site at http://servlet.java.sun.com/logRedirect/industry-news/http://www.spherion.com/technology.
About Versata Versata provides software and services
that enable customers to rapidly deploy e-business
software applications that can be modified quickly
to meet constantly changing business requirements.
Versata's E-Business
Automation System utilizes a unique business rules
automation technology that redefines how companies
create, deploy and modify the critical e-business
software applications used to transact their
online business.
Innovative Fortune 1000 and corporate customers
such as MCI, Sanwa Bank, ITT Fluid Technologies,
Hilton Hotels, J.P. Morgan and United Defense as
well as new Internet exchanges including yet2.com,
eBond-Trade.com and uWork have all benefited from
the Versata solution. The
Versata System is available
from Versata directly and
from over 200 partners and distributors worldwide.
Incorporated in 1995, and publicly-traded,
Versata (Nasdaq: VATA) is
headquartered in Oakland, California with offices
throughout the United States and Europe and in
Hong Kong. For more information, please contact
Versata at http://servlet.java.sun.com/logRedirect/industry-news/http://www.versata.com,
or call 800-984-7638 or email us at
info-pr@versata.com.
NOTE TO EDITORS: Camera-ready artwork of the
Versata logo can be obtained
from media relations by calling corporate
headquarters at 510/238-4100. Copies of previous
Versata press releases and
additional corporate and product information are
available on the Web site http://servlet.java.sun.com/logRedirect/industry-news/http://www.versata.com.
Versata has filed for
several trademarks, including the Versata E-Business Automation System™, the
Versata Logic Server™, the
Versata Studio™, and the
Versata Connector™, as well
as the Versata logo. All
other company and product names mentioned are
property of the respective holders.
This release may contain forward-looking
statements based on Versata's
current expectations. These forward-looking
statements involve risks and uncertainties. A
number of important factors could cause actual
results to differ materially from those in the
forward-looking statements. These factors include
the widespread market acceptance of the E-Business
Automation System and related service offerings,
Versata's ability to expand
or grow the service offerings that compliment its
E-Business Automation System, its ability to
compete in the Internet infrastructure software
market, responsiveness to technological and
industry changes, loss of a major customer,
ability to maintain and expand relationships with
systems integrators and third-party distributors
and the acceptance of commerce over the Internet
by consumers and businesses. These factors, as
well as other factors that could cause actual
results to differ materially, are discussed in
more detail in Versata's
filings with the Securities and Exchange
Commission, including its recent filing on Form
S-1 and Form 10-Q for the quarter ending June 30,
2000.
CONTACT: Versata, Inc.
Marie Martin, 510/302-4147
marie_martin@versata.com OR Magnet Communications
Kelly Cytron, 415/285-9208 kcytron@sirius.com URL:
http://servlet.java.sun.com/logRedirect/industry-news/http://www.businesswire.com
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