London 22nd November 2002. Reqio, the leading pure-play PCM company and Elcom, a leading international provider of remotely hosted e-Procurement solutions have announced today a strategic alliance to provide the marketplace with robust e-Procurement and rich product content management solutions.
“Economic downturn, the pace of adoption and the consolidation of the market in general has all contributed to a rough ride in the of e-Procurement market recently.” said Michael Templeman, CEO of Elcom. “ We feel that building strength through partnerships is integral to success – and as such we choose to partner with companies who have credibility, respect and an excellent reputation in their field.”
“We also recognise that key alliances can give us additional strength and stability” said Stewart Holness, CEO of Reqio Ltd. “As an individual company we are in a very strong position at the moment. We have a great management team and strong financials – but we want to guarantee our success by creating a network of alliances that can operate for common benefit.”
Reqio and Elcom plan to work together on mutual opportunities arising from the technical and commercial benefits available from e-Enabling supply side companies into Elcom’s e-Procurement technologies. Projects for companies such as Premier Farnell have already been borne from the alliance. “We have a relationship based on reciprocal trust and openness,” continued Templeman, “We welcome Reqio into our Alliances programme and hope that we can continue to strengthen both our market positions to cross the finish line together.”
“Reqio certainly qualify as our preferred content supplier, they have the right attitude and an excellent reputation across the sector,” concluded Templeman.
Founded in 1991, Reqio provides rich and flexible Product Content Management solutions for suppliers and buyers. Understanding that the way people buy is very different to the way they sell is fundamental if technology is going to deliver the solutions needed to help them maintain their competitive edge.
Reqio offers their customers the solution to maintain product information in one place, with robust and extensible support to bring new content into the solution whilst allowing almost any application to access and utilise product information across the business. Today Reqio can provide support for all the leading e-procurement applications, portals, webstores, most CRM applications and ERP systems, as well as providing e-catalogues and CD based solutions.
Reqio sets itself apart as a Product Content Management Company with a proven track record in delivering eCatalogue and eProcurement solutions that enable companies to increase order values, reduce costs and enhance customer service. Customers include Premier Farnell, IMI Norgren, Mitsubishi and Wyko - all have benefited from Reqio's innovative approach.
About Elcom International, Inc.
Elcom International, Inc. (Nasdaq: ELCO) is a leading international provider of remotely-hosted eProcurement and private eMarketplace solutions. Through its elcom, inc. subsidiary, Elcom’s innovative remotely-hosted technology establishes the next standard of value and enables enterprises of all sizes to realise the many benefits of eProcurement without the burden of significant infrastructure investment and ongoing content and system management. PECOS Internet Procurement Manager, elcom, inc.’s remotely-hosted eProcurement and eMarketplace enabling platform was the first “live” remotely-hosted eProcurement system in the world. Additional information can be found at
Interview opportunities & photos available. For More Information Contact:
Stewart Holness CEO
Tel: 01225 483083
Sue Eyles/Angela Jones
Tel: 01491 842940
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