Eutilia and Perfect Commerce Announce Cross Atlantic Partnership to Expand Faster

Eutilia and Perfect Commerce announce a strategic partnership to accelerate the distribution of online solutions for buyers and sellers, and expand their combined supplier network (over 15 000 suppliers in the US & Europe)

(PRWEB) February 16, 2005 -- Perfect Commerce Inc., a leading provider of on-demand Supplier Relationship Management (SRM) solutions and the Open Supplier NetworkSM (The OSNSM), and Eutilia N.V., the leading online marketplace in Europe for utilities (electricity, gas, water, telecom and railway) and partners/suppliers to meet and make business, announced a strategic partnership agreement that aims to accelerate the development of both companies on the European market.

Eutilia will deliver supplier on-boarding, customer support, and catalog management services for Perfect Commerce's supply-side clients in Germany, Benelux, the UK and Spain, as Perfect Commerce will enable Eutilia to offer instantly complementary e-Procurement solutions to European utility companies and contractors. This agreement will rapidly increase Eutilia's online-services portfolio for the utility sector and coverage of Perfect Commerce's supplier hub "The OSNSM" throughout Europe, enhancing dramatically both value propositions on the European market.

Perfect Commerce, leading provider of on-demand SRM solutions in the US and of a worldwide supplier network, will leverage Eutilia's skills in order to deliver full service to European customers seamlessly and quickly. Eutilia will bring to Perfect Commerce all the experience of 7,500 on-boarded and supported buyers and suppliers. "The combined history of the two companies in e-purchasing activities, the broad-offering and wide customer base of Perfect Commerce and the pan-European experience of Eutilia will create a compelling value proposition for US-based Perfect Commerce customers needing European deployment as well as for new European customers needing a quick roll-out of their procurement projects in Europe," stated Martial Gerardin, Managing Director of Perfect Commerce in Europe.

Eutilia, a leading European marketplace, which increases buyer and supplier relationship efficiencies, will add Perfect Commerce first-class and market-competitive on-demand SRM solutions to its current offering. Eutilia will provide its community of users (1000 buyers and 6500 suppliers) access to a unique suite of online and on-demand services. Eutilia, which excels in bringing buyers and suppliers together in order to meet, tender and negotiate online, will start expanding its services by supporting and delivering Perfect Commerce e-Procurement services. "With more than 200 Fortune-1000 clients, a leading-edge technology and an aggressive business model, Perfect Commerce has been selected as our partner of choice to expand Eutilia's marketplace footprint throughout the European utility sector. Eutilia and Perfect Commerce have objectives and ambitions that can be pursued jointly and have the potential to go even further. The recent merger between Perfect Commerce and Pantellos (an online marketplace for utilities in North America), confirms it," says Jean-Philippe Massin, CEO of Eutilia.

About Eutilia N.V. (www.eutilia.com)
Eutilia is the leading electronic marketplace for the European utility industry and its international supply-base. More than 1000 buyers from 120 buying-organizations (such as EDF, Electrabel, EnBW, Iberdrola, Calorgas, Nuon, Vattenfall etc...) and 6500 sell-side companies are using Eutilia services and technology to meet online, increase their buying or selling process efficiencies and to unlock cost savings potentials.

For professional buyers, Eutilia provides eSourcing solutions, helping to locate and select new suppliers, to create and publish tenders, to analyse suppliers' answers, or to negotiate through an auction. 100's buying events are executed per year generating a €1,0 Billion deal flow.

For sellers, Eutilia is a unique sales and marketing channel increasing their visibility and market share in the European utility sector. Suppliers are offered services enabling them to promote their skills and experience, to get in contact with a buying organization, to demonstrate seriousness and compliance with the sector's basic selection criteria, or to receive tender alerts.

Eutilia operates and covers the European market from the main office in Leiden in The Netherlands and with representatives in Germany and France. Eutilia can be reached at www.eutilia.com.

About Perfect Commerce, Inc. (www.perfect.com)
Perfect Commerce delivers On-Demand Supplier Relationship Management solutions and also provides connectivity to trading partners via The Open Supplier NetworkSM (The OSNSM). The company is a leading business-to-business e-commerce solutions provider with more than 200 Fortune 1000 clients, over 170,000 users and 8,500 suppliers.

Perfect Commerce provides a suite of solutions for the complete sourcing-to-settlement process. The company enables businesses to simplify the complex challenges of spend management, sourcing, contract management, procurement, electronic invoice presentment and payment. Perfect Commerce helps its clients succeed by delivering accelerated return on investment, streamlining the procurement process and enhancing buyer-supplier relationships. Using Perfect Commerce, clients have reduced costs on an average of 15 percent, compressed cycle times by 75 percent, and significantly improved procurement processes and analytics.

Headquartered in the metropolitan Kansas City area, with offices in California, Nevada and France, Perfect Commerce can be reached at www.perfect.com.

For more information:

Perfect Commerce Media Contact
Martial Gérardin, Managing Director Europe
+33 1 46 14 87 49

Eutilia Media Contact
Jean-Philippe Massin, CEO
+31 71 53 53 100

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Source :  http://www.prweb.com/releases/2005/2/prweb208688.htm