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Palo Alto, Ca. - May 1, 2001 - Noosh,
Inc. (www.noosh.com),
a leading provider of collaborative online solutions for enterprise
communications, today announced that it is has been selected by
Aetna, Inc., (NYSE: AET)(www.aetna.com)
as one of the company's first Ariba PunchOut enabled vendors.
Aetna is a leading provider of health, dental, and group insurance
coverage to over 30 million Americans. Ariba, Inc., is the leading
business-to-business (B2B) eCommerce platform and network solutions
provider. Noosh has been selected by Aetna to participate in an
end-to-end eProcurement solution based on the implementation of
the Ariba B2B Commerce Platform, which provides a single,
Internet-based point of access and integration with buyers and marketplaces
worldwide. Noosh, as an Ariba supplier became Ariba Ready
certified in October, 2000. Ariba Ready is Ariba's initiative for
communicating the integration capabilities of suppliers and other
trading partners accessing the Ariba Commerce Services Network
(Ariba CSN). The integrated system includes electronic quoting,
requisitioning and purchase order approval, transaction management,
invoicing and payment.
"Noosh was selected by Aetna in 1999
because of their integrative strategy with other systems, including
both print industry-specific and general e-commerce products.
When Aetna selected Ariba, Noosh was one step ahead, having already
achieved Ariba integration and enabling us to create an end-to-end
paperless procurement process" said Tracy Cernik, Print Communications
Team at Aetna.
"As an Ariba Ready certified supplier, Noosh
is providing Aetna with Ariba's best-of-breed B2B eCommerce solutions,"
said Cindy Elkins, VP and GM, Supplier and Content Solutions,
at Ariba. "We value the commitment to customer satisfaction and
success that Noosh has demonstrated with Aetna."
"Working together, Aetna, Ariba and Noosh
are fulfilling the vision of seamless eCommerce integration -
for both catalog and custom procurement - throughout the large
enterprise," said Dave Hannebrink, SVP of Marketing and Business
Development. " We're proud to be part of this winning combination."
About Aetna
Aetna is the nation's leading provider of
health care and related benefits, serving more than 19 million health
care members, 14 million dental members and 11 million group insurance
customers. Information about Aetna is available at www.aetna.com.
About Noosh, Inc.
Noosh, Inc. (http://www.noosh.com)
offers superior cross-enterprise collaboration technology that rapidly
cuts the real cost of doing business. Founded in 1998, the company
is recognized as a market leader in collaborative procurement of
non-catalog items and currently processes over $100 million in transactions
annually. Large corporate organizations and their suppliers use
Noosh to manage and procure custom
products - print, packaging, direct mail, and media services. Suppliers
use Noosh Direct to improve sales
and customer service productivity. Noosh customers include Aetna,
Bank of America, Cigna, General Electric and other leading Fortune
500 enterprises.
Noosh and Live Jobs are the trademark and
service mark, respectively, of Noosh, Inc. Other trademarks appearing
in this release are the property of their holders.
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