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eJiva creates eProcurement Development Practice using Commerce One and PeopleSoft Solutions
iGATE Capital saves nearly $2 million through efficient Internet procurement initiative
Pittsburgh
,
PA
—
January 25, 2001
eJiva, an eBusiness integration provider, has formed an eProcurement development practice, increasing its substantial enterprise-wide service offerings. eJiva recently completed a major eProcurement solution for its parent company, iGATE Capital Corporation (NASDAQ: IGTE), which will save iGATE an estimated $2 million after the first year of operation. eJiva also is in the process of completing additional eProcurement solutions for two Fortune 2000 companies.
Using PeopleSoft eProcurement and Commerce One.net, an open e-marketplace that provides global e-commerce services to buyers, suppliers and Net market makers, eJiva streamlined the processes associated with procuring indirect goods by using web technologies, significantly reducing maverick buying and lowering the cost for producing and approving purchase orders.
Forrester Research projects that the U.S. eProcurement market will reach $900 million by 2003.
iGATE chose eJiva based on its eProcurement expertise and strong technical and functional strength implementing both Commerce One and PeopleSoft (Nasdaq: PSFT) solutions. The PeopleSoft eProcurement solution was chosen based on its functionality and tight integration with iGATE’s PeopleSoft enterprise system, and Commerce One.net was chosen based on its proven e-marketplace leadership and access to thousands of suppliers worldwide. “The key factor in the process has been consolidating iGATE’s supplier base and reducing corporate-wide overhead costs with a unified process,” said Frank Corris, Director of Procurement Services at iGATE. “There are 10 iGATE operating companies, spending approximately $30 million annually on office supplies, travel, IT equipment and other indirect goods and services. We believe this solution will dramatically reduce those costs.”
After significant investments on its PeopleSoft enterprise system to handle the Human Resources, Asset Management and Financial applications, Bruce Haney, Chief Financial Officer of iGATE Capital, said it was logical for iGATE to select a procurement solution that easily integrated and leveraged its PeopleSoft system. The eJiva team implemented the solution for all iGATE companies in the United States, and iGATE intends to introduce the solution to global offices in 2001.
“eJiva is pleased to have been selected by PeopleSoft to be among the first to implement its eProcurement solution ,” said Jeffrey Leech, Director of eCommerce for eJiva. “This unique implementation involved both NT and UNIX operating systems supported by Oracle databases. With full integration into back-office systems, iGate is able to take full advantage of the powerful functionality offered by Commerce One and PeopleSoft and to create a complete supply chain management solution.”
iGATE expects approximately 70 percent of its indirect spending to be processed through Commerce One.net. As an on-ramp to the Global Trading Web™, the world’s largest business-to-business trading community across 54 countries on six continents, Commerce One.net could potentially provide iGATE with access to more than 141 e-marketplaces with more than 158,000 suppliers. Commerce One.net will also enable iGATE to access more than 120 business services that support transactions and drive liquidity across the e-marketplace.
“By insisting buyers purchase from our preferred vendors, we have consolidated our volume and reduced the price of office supplies by nearly 15 percent,” said Corris. “The same process has lowered the cost of our copy machines by almost 25 percent. The eJiva implementation provides the infrastructure and autonomy to our portfolio procurement teams to save time by accessing all of our suppliers through one interface.”
eJiva implemented a unique solution based on an NT testing and development environment supporting a final UNIX operating system rollout driven by Oracle databases. Within a 120-day period of time, eJiva was able to install, configure and deliver a fully functioning tool integrated into back office applications complete with new trading agreements within a preferred aggregated supplier base.
“We believe that we are the first to implement a large scale, fully integrated, eProcurement solution that could only be provided through the combined efforts of three first class organizations like eJiva, Commerce One and PeopleSoft,” said Corris.
About eJiva:
eJiva, an independent portfolio company of iGATE Capital (NASDAQ NM : IGTE), is dedicated to helping organizations make the transformation to e-business. We focus on providing enterprise solutions, including B2B applications that extend the reach of a company’s enterprise to customers, partners, and suppliers. We also offer strategic consulting services to help clients produce a game plan for realizing e-business goals. eJiva leverages global capabilities, deep industry expertise, and established methodologies to offer unmatched value to clients. Our proven five-year implementation track record is enhanced by our reputation for efficient and cost-effective project delivery. Headquartered in Pittsburgh, PA, eJiva operates six offices nationwide. We are a growing and progressive company, with more than 650 employees throughout the United States, as well as international resources. For more information on this release or on eJiva services, please contact David Saliba, marketing manager, at 412-249-2308, or via e-mail at davids@ejiva.com.
About iGATE Capital:
iGATE Capital Corporation (NASDAQ: IGTE) builds leading eServices companies around the world. iGATE Capital’s 10 global eServices companies provide cross enterprise integration, network consulting, information management, enterprise web integration, customer care and Internet trading solutions, eProcurement solutions, web-based business process outsourcing and offshore services. iGATE Capital has offices in New York; Westport, Conn.; Atlanta; Dallas; San Francisco; Portland, Ore.; and Pittsburgh, Pa. More information on iGATE Capital is available at www.iGATEcapital.com.
Brands and products referenced herein are the trademarks or registered trademarks of their respective holders. All prices noted are in US dollars and are valid only in the United States.
Safe Harbor statements under the Private Securities Litigation Reform Act of 1995: Statements made in this press release that are not historical facts, including those that refer to iGATE’s plans, beliefs and intentions, are “forward-looking statements” that involve risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from the forward-looking statements and include, but are not limited to, iGATE’s ability to create, acquire and build new businesses, to achieve collaboration among its existing business, to locate appropriate new opportunities for investment, and to scale its existing and any new businesses. The Company’s actual results may differ materially from the results anticipated in these forward-looking statements. For a more complete description of the risks that apply to iGATE’s business, please refer to the Company’s filings with the Securities and Exchange Commission.
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