Monday October 16, 8:19 am Eastern Time
Press Release
BroadVision Powers High Octane B2B Petroleum Marketplace
FuelQuest Uses BroadVision Applications For Premium Online Solution
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Oct. 16, 2000-- BroadVision® Inc. (Nasdaq:BVSN - news), a leading provider
of personalized e-business applications, announced that FuelQuest Inc., a leading provider of business-to-business (B2B) services
for the petroleum industry, selected BroadVision to power its Net marketplace for the fuel and lubricants industry.
The combined BroadVision e-commerce applications and FuelQuest's Internet-based automated back office system creates a
foundation for a seamless B2B supply chain for refiners/suppliers, marketers, retailers and commercial end-users.
In order to build a robust, scalable online business solution for suppliers, marketers, and end-use customers, FuelQuest worked
with Andersen Consulting to integrate BroadVision e-commerce applications with its existing back-office system. The back-office
accounting system connects services including delivery and logistics, accounting, tax calculation and reporting, forecasting, and
inventory management, to create a streamlined, enterprise-wide supply chain solution.
FuelQuest Vanguard members currently represent more than 1.8 billion gallons of fuel and 32 million gallons of lubricant sales.
With national distribution capacity throughout the United States, FuelQuest's transaction volume is expected to top $2 billion in the
first year.
``We selected BroadVision after an extensive review of available e-commerce applications,'' said Kirt Scott, vice president and
chief technology officer, FuelQuest. ``BroadVision's strong one-to-one marketing capabilities and packaged customer intelligence
provides us with a highly advanced B2B application that also enables us to build solid customer relationships.''
The FuelQuest marketplace supports ordering, product delivery, invoicing and logistics for fuel-related products and services.
FuelQuest optimizes BroadVision to move beyond the typical auction and exchange business model and allow petroleum marketers
to develop stronger one-to-one relationships with their customers. Customers of FuelQuest-enabled petroleum marketers can place
orders centrally, check the status of orders, and generate individual reports online.
``We are delighted to help bring efficiency to the fragmented petroleum marketing industry,'' said Rani Merritt, executive vice
president, worldwide marketing organization, BroadVision. ``FuelQuest provides a complete solution for the entire petroleum
e-commerce value chain by providing a foundation for doing business online and conducting one-to-one transactions with
customers.''
