FOR IMMEDIATE RELEASE
CombineNet Announces Global Software Licensing Agreement With PPG Industries
PITTSBURGH, PA—February 25, 2002
CombineNet, Inc., an advanced optimization software firm, announced today that it
has agreed to terms on an enterprise-class software licensing arrangement with PPG
Industries. Terms were not disclosed, but both companies agreed the contract facilitates
a rapid and global implementation of CombineNet's flagship optimization product,
ClearBox™.
The value of ClearBox™ has been proven to us in two strategic and high-profile
sourcing events. It has helped us generate substantial, hard-dollar returns and
empowered our decision process by allowing us to quickly evaluate and compare any
number of contract allocation scenarios," said Margaret McGrath, PPG's vice
president of purchasing and distribution. Added Sean Devine, CombineNet's VP of
Products & Services, "PPG Purchasing has taken rapid and effective advantage
of sourcing optimization. The marriage of each team's expertise with the optimization-based
decision support provided by ClearBox™ will prove to be both powerful and
repeatable."
Pittsburgh-based PPG is a global supplier of coatings, glass, fiber glass and chemicals,
with manufacturing locations and equity affiliates in 23 countries. Sales were $8.2
billion in 2001.
About CombineNet
CombineNet, the advanced sourcing technology company, helps companies achieve the absolute best value and lowest total cost of ownership for goods and services. CombineNet's Advanced Sourcing Application Platform enables companies to engage in Expressive Commerce™, the strategic sourcing initiative that allows buyers and sellers to communicate supply and demand more expressively, collaboratively and strategically. The result is a win-win for both buyer and supplier, where greater innovation and efficiency are driven into the supply chain. CombineNet's ASAP consistently produces 10, 15, even 20 percent greater actual cost savings than other e-sourcing solutions, and has delivered more than 45x ROI for the largest businesses in the world including General Mills, PepsiCo, Procter & Gamble, Siemens and others. For more information, visit www.combinenet.com.
Media Contacts:
Greg Holt
CombineNet Inc.
Director of Marketing
Phone: 412.471.8200
gholt@combinenet.com