AConneX web trading strengthens industry wide connectivity strategy - October 2007 -- Activant, a leading UK IT provider to the automotive aftermarket, has signed up to PACT – Partnership for Aftermarket Connectivity Technologies – as part of its’ campaign to unify the market for electronic trading.
PACT provides a common, industry-wide solution for all participants in the supply chain. Removing previous confusion, a unified approach by the key solution providers allows the benefits of electronic trading to be fully understood and implemented at every level of the supply chain.
Activant’s addition to PACT will see the industry-acclaimed AConneX solution – which has three years of trading history already under its’ belt – reinforcing the PACT profile. Now with transactions over $28m each month, AConneX brings with it a critical mass of motor factors and retailers including buying groups like the IFA as well as its own independent customer base.
Mark Holcombe, Activant Marketing Manager said: "Activant is pleased to formalise their relationship with PACT. As a leader in electronic trading, we have a responsibility to our customers and indeed to the wider market to help de-mystify the trading process and to ensure that the maximum number of people who wish to trade electronically, can do so quickly and easily."
Mark Rudge, ABS-eParts' MD and founder member of PACT stated "Activant's commitment to PACT ensures that we now have the representation and active involvement of all of the major connectivity providers in the Aftermarket. This enables PACT to operate as a truly unified market solution. AConneX users can now trade with any PACT [TecCom and/or eparts] enabled Supplier, with no further development required for the buyer. This enables more trade to be automated which is clearly to the benefit of all concerned."
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This announcement relating to Activant may contain statements that are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, such as statements concerning trends, future technology or products, or Activant’s execution. These statements are based on current expectations and are subject to risks and uncertainties which could materially affect the company’s results, including, without limitation, market demand for products and technology, the company’s ability to meet that market demand, the integration of Activant’s technology and products with technology and products supplied by others, the integration of Activant’s products into the businesses of its customers, customer acceptance of Activant’s products, and the retention and deployment of skilled Activant service providers. Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements. Please refer to our quarterly report for the quarter ended June 30, 2006 which can be found in the investor relations website at www.activant.com/company/investors for a full discussion of the risks and other factors.
For further information please contact Mark Field at Chicane:
Tel: 01344 844779 or
e-mail: mark@chicanemarketing.co.uk
or
Mark Holcombe
Activant
Tel: 02476 233 772
Information
Corporate and General PR
Jane Gideon
Incendio International jane@incendiopr.com
(415) 293-8259
