CoreHarbor And Vinimaya Team To Deliver Rapid Integration of B2B Suppliers To Quickly Enable Ariba® eProcurement Solutions
Partnership Kicked Off With Sunoco As Joint Customer
TARRYTOWN, NY
(June 26th, 2002)
Tarrytown, NY, June 26, 2002 Vinimaya, Inc., the leading developer of intelligent agent and XML-based eBusiness software products, today announced that Sunoco, Inc. has implemented Vinimaya’s ViniSyndicate Supplier Integration System™ to rapidly connect suppliers into the private procurement marketplace for Sunoco’s national operations. Sunoco, Inc. (NYSE: SUN) is a leading manufacturer and marketer of petroleum and petrochemical products.
Sunoco has been evaluating ViniSyndicate for its ability to quickly and effectively expand the suppliers and catalogs available through Sunoco’s private procurement marketplace. ViniSyndicate’s patent-pending intelligent agent technology enables new suppliers to be integrated into the procurement system as fast as in one day, without the need for “punchouts” or other expensive modifications to the supplier’s Web site. Sunoco’s marketplace, built on an Ariba Buyer platform (NASDAQ: ARBA), is leveraging Internet technology to enable company-wide purchasing from desktops and direct spending to preferred suppliers, resulting in streamlined processes and improved trading partner relationships.
“ViniSyndicate will greatly improve our flexibility in managing supplier catalog content while giving our requisitioners one look and feel for catalog item queries,” said Robert Fleck Jr., Director of Procurement for Sunoco. “It moves suppliers into our private procurement marketplace quickly, and without placing any additional technical requirements on them, which is a major consideration and will be a key step in helping Sunoco realize the full potential and ROI of the Ariba Buyer System.”
“Sunoco is a forward thinking company and has been an early adopter of e-procurement and its associated technologies and tools,” said Gary Hare, president and CEO of Vinimaya, Inc. “In the past, with regard to integrating suppliers into their Ariba system, they’ve used .CIF files, catalog management tools, aggregators and, as of late, XML Punchout. They have seen and done it all in terms of supplier integration and catalog management, which makes their endorsement of ViniSyndicate very exciting.”
The ViniSyndicate Supplier Integration System connects suppliers’ online catalogs to a buyer’s e-procurement platform rapidly and inexpensively. It eliminates the need for catalog management applications, “punchouts” and other expensive and time-consuming solutions. Based on intelligent agent technology, ViniSyndicate is highly flexible, allowing buyer-defined data structures, such as attributes, custom pricing, UNSPSC codes, etc. ViniSyndicate integrates seamlessly with leading e-procurement and ERP products from Oracle (NASDAQ: ORCL), SAP (NYSE: SAP), CommerceOne (NASDAQ: CMRC), and i2 (NASDAQ: ITWO) among others. The process is completely non-invasive to suppliers.
About Sunoco
Sunoco, Inc. (NYSE: SUN), headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 730,000 barrels per day of refining capacity, approximately 4,150 retail outlets selling gasoline and convenience items, interests in over 10,000 miles of crude oil and refined product pipelines and 35 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a growing force in petrochemicals with over nine billion pounds of annual production capacity, largely chemical intermediates used in the manufacture of fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco also manufactures two million tons annually of high-quality blast furnace coke for use in the steel industry.
For additional information, visit Sunoco’s web site at www.SunocoInc.com
About Vinimaya
Vinimaya, Inc. is a privately-held software company headquartered in Tarrytown, NY with R&D facilities in Bangalore, India. Vinimaya develops innovative e-business software products based on the patent-pending Vinimaya Intelligent Agent Technology Platform. Vinimaya products are based on over 3 years of R&D, built in Java and XML, and have a J2EE-compliant web services-ready architecture. Vinimaya delivers solutions that work today, in today’s e-business environments, providing a rapid return on investment and speed to benefit to customers.
Additional information is available at www.vinimaya.com or by calling (888) 808-8464.
ViniSyndicate and Vinimaya are registered trademarks of Vinimaya Inc.
Contact:
Leonard Lee
Vinimaya
612-670-3445
leonardwl@vinimaya.com
