PremiSys Group PLC
24 October 2000
PremiSys Group plc
PROPERTY AND TECHNOLOGY GIANTS UNITE TO PROVIDE PRINCIPAL EUROPEAN
E-MARKETPLACE FOR CONSTRUCTION
Stanhope plc, Rotch Property Group Ltd, Aurora (KKR), Microsoft, Commerce One,
Intel, Compaq, Dynamis Solutions and Attenda
Property and technology players led by Stanhope, Rotch, Microsoft and Commerce
One Inc. (NASDAQ: CMRC) today sign an agreement to form a consortium, Asite,
providing one European e-marketplace for the construction industry.
'Asite' will be an online exchange set up to share best practice, and enable
the construction industry to deliver projects faster, at lower cost and to a
higher standard. It will aim to deliver best value as well as lower cost and
will help transform the way buildings are designed, procured, built and
Asite has been developed within PremiSys Group plc (AIM: PSS), with the active
involvement of property companies Stanhope plc and Rotch Property Group Ltd,
and Aurora - a fund for the executives of Kohlberg, Kravis, Roberts & Co.
(KKR) - and technology companies including Microsoft, Commerce One, Intel,
Compaq, Aspect Internet, and Attenda. The alliance between these technology
companies was organised with the strategic consultancy of Dynamis Solutions
Inc. Asite is currently in discussions with a range of other major industry
participants with a view to their becoming investors and committing their
Property and technology giants unite
Peter Rogers, director of Stanhope plc and chairman of Asite says, 'For years
people have been talking about the need to improve the construction industry,
and although there are some excellent examples, overall achievement is poor -
in terms of efficiency, quality and profitability. The Internet now gives us
an opportunity to address many of the industry's problems by sharing best
practice, encouraging standardisation, increasing transparency of information
and improving procurement, collaboration, and logistics across the industry.
'Today's deal will enable us to deliver the best technology tools for the
construction industry. Microsoft's and Commerce One's unprecedented and
exclusive support demonstrates its belief in Asite's vision and commitment to
change the industry'.
He continues, 'In early 2001, we will launch a private pilot test site for a
group of leading industry participants. This will be followed by a launch to
the rest of the industry in the second quarter of 2001. Leading organisations
that are interested in re-shaping our industry are invited to join us and
contact us through our website at www.asite.com.'
Steve Ballmer, president and CEO of Microsoft comments, 'The combination of
Commerce One's global industry expertise and marketplace solutions with the
business agility of the Microsoft .NET Platform will provide Asite.com with
increased speed to market, seamless product integration and new business
Mark Dodds, Strategic Business Development Group at Microsoft comments, 'Asite
represents a fantastic example of a company which is totally focused on
operational efficiency and profitability through the delivery of leading edge
working practices. Microsoft is committed to delivering both technology and
substantial marketing support to Asite. We believe it will become the
industry standard for the construction marketplace in the future.'
'We are very pleased to be working with Microsoft to jointly deliver the e-
marketplace infrastructure for Asite,' said Mark Hoffman, chairman and CEO
Commerce One. 'We believe our shared vision along with the best offerings and
right capabilities that we are able to offer will enable Asite to become a
powerful e-marketplace for the construction industry.'
Notes to editors
Asite will serve the entire business-to-business construction industry, and
will allow those who are willing to change to benefit. It is the e-commerce
initiative launched by AIM listed PremiSys Group plc in March of this year.
The construction industry is one of the largest industries in the world with
annual turnover in Europe of around £540 billion.
Stanhope plc is a property company specialising in the development of large
scale office and mixed-use developments. Its current projects include the
refurbishment of the Treasury (Whitehall), and a 1.5m square feet development
at Chiswick Park. Stanhope's directors have been responsible for such
developments as Broadgate, in the City of London and Stockley Park, Heathrow.
Rotch Property Group Ltd. is one of the UK's largest privately owned property
companies with a consolidated investment portfolio of over £2.3bn. Rotch
utilises leading edge financial technology through the development of
innovative debt, equity and risk transfer products.
KKR is one of the world's leading private investment firms specializing in
management buyouts and growth equity investments. KKR's investment approach is
focused on acquiring attractive businesses and working closely with management
over the long term to design and implement value creating strategies. KKR
currently has two equity funds: a fund organized in 1996 with US$6 billion in
committed capital and a European fund that closed in 1999 with approximately
US$3 billion of capital.
Dynamis Solutions Inc. is a business-to-business e-commerce consultancy
focused on delivering demonstrated value through emerging technologies. It
has offices in Detroit, Phoenix, Cincinnati and London.
Aspect Internet Limited, is a leading UK web developer and technical
consultancy providing innovative solutions for e-commerce businesses.
Founded in 1975, Microsoft (Nasdaq 'MSFT') is the worldwide leader in software
for personal computers and business computing. The company offers a wide range
of products and services designed to empower people through great software -
any time, any place and on any device.
Microsoft is a registered trademark of Microsoft Corp. in the United States
and/or other countries. Other product and company names herein may be
trademarks of their respective owners.
About Commerce One
Commerce One (NASDAQ: CMRC) is the leader in global e-commerce solutions for
business. Through its products and services, Commerce One creates access to
worldwide markets, allowing anyone to buy from anyone, anytime, anywhere.
The Commerce One Global Trading Web(tm) is the world's largest business-to-
business trading community. Comprised of many open e-marketplaces, the Global
Trading Web provides unprecedented economies of scale for buying
organisations, suppliers, and service providers worldwide. Through its
alliance with SAPMarkets, Commerce One enables enterprises and communities of
all sizes and industries to efficiently conduct collaborative business on the
Commerce One is located in Pleasanton, Calif., and can be reached by phone at
(800) 308-3838 or (925) 520-6000 or via the Internet at www.commerceone.com
For further information contact:
+ 44 (0) 20 7839 4321
+ 44 (0) 20 7839 4321
+44 (0) 20 8434 5509
+44 (0) 118 909 3388
+44 (0)1753 48 30 00
Stella Couch / Nick Craven
+44 (0)20 74 93 54 00