FOR IMMEDIATE RELEASE
Endorsia.com International AB
+46 31 337 13 17
Endorsia.com, The Most Advanced Industrial Network Marks Five Year Anniversary With MRO Software
Endorsia.com uses MRO Software’s Technology Platform to Drive Improved Procurement Services For More Than 3000 Users and 1000 Distributors
BEDFORD, Mass., and GOTHENBURG, Sweden, December 15, 2004 – MRO Software (Nasdaq: MROI), the leading provider of strategic asset management solutions, and Endorsia.com, the leading industrial business network for branded industrial goods and services today announced that Endorsia.com has reached its five-year anniversary of providing online procurement services for Industrial users and distributors.
In 1999, Endorsia.com selected MRO Software’s Maximo Online Commerce Services (OCS) to provide the technology platform for its hosted electronic network for buyers, distributors and manufacturers of Maintenance Repair and Operations (MRO) products. This platform automates the selling and buying processes between these constituencies and reduces the high costs associated with traditional procurement, order processing, and fulfillment processes. Since its inception, Endorsia.com has seen steady growth, averaging 30 to 35 percent yearly. Today, the network has more than 1000 distributors and manufacturers across 70 countries. Business is conducted in 17 languages, and the network includes more than 500,000 unique part items (SKU’s) in the catalogues.
“When we started out we had a plan to provide an online business network and professional services to improve the efficiency of the industrial company acting in the MRO market. We are thrilled to see how much Endorsia.com has grown in the past 5 years. We anticipate growing further worldwide both with our current customers and with new companies joining the network” said Sven-Olof Husmark, Business Development Director at Endorsia.com. “We’re today averaging 35,000 order line items a week on the system; an increase of more than 300% compared to 2001. Our close partnership with MRO Software has been a key in delivering a world-class platform to support the needs and requirements of our growing community.”
The network provides suppliers, distributors and buyers with a number of capabilities. Users get support for automated replenishment orders from buying applications and marketplaces and automated order management and transaction processing. In addition, Endorsia.com provides buyer relationship management applications including, online catalog, search, and storefront applications, catalog management and other administrative tools. The solution also integrates with customer procurement systems supplier back-end ERP systems to support payment processing and other financial settlement activities.
“"When MRO Software was first selected to provide the technology platform for Endorsia.com, we were confident our Maximo OCS solution could support the projected requirements for the system," said Steve Caslick, Director of Business Development, Maximo OCS, at MRO Software. “But even our most optimistic projections were short of the growth we’ve seen so far on the network. We are pleased to be a partner in delivering needed efficiencies for the procurement of industrial supplies for the Endorsia.com community of users.”
Endorsia.com International AB is a leading industrial business network, equally owned by five major global industrial companies. The Company provides a neutral and world-class B2B eBusiness service, targeted at industrial companies that buy and sell, prime branded goods in the maintenance, repair and operations (MRO) market. Endorsia.com is headquartered in Gothenburg, Sweden.
Endorsia.com offers a single electronic network for companies to automate business-processing activities between supply and demand thereby reducing the cost of processing as well as making the sharing of business critical information easier. Based on comprehensive knowledge and experience from the business processes in the industrial supply chain and an in-depth understanding of the business requirements, Endorsia.com delivers support and professional services helping customers become more efficient and profitable.
Endorsia.com is a successful and truly global business, operational in 70 countries, routing in excess of 7 million transactions a year, whereof more than 1.5 million are orderline transactions. Around 3000 active users representing more than 1000 companies use on a daily basis the tools and services provided by the Company.
About MRO Software, Inc.
MRO Software is the leading provider of strategic asset management solutions. The Company’s integrated suite of applications optimizes performance, improves productivity and service levels and enables asset-related sourcing and procurement across the entire spectrum of strategic assets.
The Company’s asset management solutions allow customers to manage the complete lifecycle of strategic assets including: planning, procurement, deployment, tracking, maintenance and retirement. Using MRO Software’s solutions customers improve production reliability, labor efficiency, material optimization, software license compliance, lease management, warranty and service management and provisioning across the asset base.
MRO Software (Nasdaq: MROI) is a global company based in Bedford, Mass., with approximately 900 employees, 10,000 customers and more than 260,000 end-users. The Company markets its products through a direct sales organization in combination with a network of international distributors. MRO Software has sales offices throughout North America, Europe, Asia/Pacific and Latin America. Additional information on MRO Software can be found at http://www.mro.com.
MAXIMO® is a registered trademark, and MRO SoftwareTM, is a trademark of, MRO Software, Inc.
endorsia.comTM is a registered trademark of Endorsia.com International AB
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