Receives Investment from
Dell Ventures
New York, January 15, 2001 - PartMiner™, Inc., an online provider of
content, technology and procurement service to the electronic components industry, today
announced its three-year agreement with Dell Computer Corporation (Nasdaq: DELL), the
world’s leading direct computer systems company and a premier supplier of technology
for the Internet infrastructure. The agreement designates PartMiner as a supplier of
hard-to-find electronic components and provider of content technology; in addition, Dell
Ventures has made an equity investment in PartMiner.
Dell plans to utilize PartMiner’s content technology and market making services
within Dell’s core component engineering and procurement groups. PartMiner’s
market maker, PartMiner Direct, will provide procurement services to Dell and its contract
manufacturers in instances when the company's primary suppliers are unable to meet
unplanned upside demand for components essential for production.
“It is a major endorsement for our company to have an industry leader such as Dell
invest and bring us in to their supply chain,” said Dan Nissanoff, CEO of PartMiner.
“We are proud of the depth of our offerings that made this partnership happen.”
PartMiner will customize for Dell its Free Trade Zone’s content catalog and
technology on over 12 million electronic components to utilize in developing and
populating their Bill of Materials (BOM). Dell, in addition to its equity investment, will
designate representatives to advise PartMiner’s technology product development team
with input on enhancing PartMiner online technology offerings.
“We believe that PartMiner can enhance Dell’s frictionless procurement processes
with information and technology that together will drive greater value throughout our
supply chain,” said Glenn Neland, Dell’s Vice President of Worldwide
Procurement.
About PartMiner
PartMiner, Inc. provides marketplace technology and procurement services to the global
electronic components industry. The company’s online marketplace, the Electronic
Commerce Free Trade ZoneTM, located at www.freetradezone.com,
allows individual buyers and sellers to communicate and interact more effectively.
Currently, over a hundred thousands users have registered to research and source
electronic components online with PartMiner’s existing procurement software. The
company’s investors include Agile Software, Boston Ventures, Cahners Business
Information, Generation Capital Partners, Goldman Sachs, IHS Group, Impact Venture
Partners, Integral Capital Partners, Onex Ventures, Seacoast Capital and Vulcan Securities
Limited. PartMiner is headquartered in New York City at 432 Park Avenue South, 12 Floor,
with offices in Asia, Europe, North America and the Middle East. Additional information
about PartMiner and the company’s collaborative sourcing and design (CSD) management
solutions, PartMiner CSD, and excess service, the Excess Trade Zone are available at www.partminer.com and www.excesstradezone.com.
PartMiner is a registered trademark of PartMiner, Inc. Electronic Commerce Free Trade
Zone, and Free Trade Zone are trademarks of PartMiner, Inc. There is a patent pending on
the Electronic Commerce Free Trade Zone business model. Except for any historical
information contained herein, the matters discussed in news releases are forward-looking
statements that involve risks and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements.
About Dell
Dell Computer Corporation (Nasdaq: DELL) is the world's leading direct computer systems
company, based on revenues of $30 billion for the past four quarters, and is a premier
provider of products and services required for customers to build their Internet
infrastructures. The company ranks No. 56 on the Fortune 500, No. 154 on the Fortune
Global 500 and No. 3 on the Fortune "most admired" lists of companies. Dell
designs, manufactures and customizes products and services to customer requirements, and
offers an extensive selection of software and peripherals. Information on Dell and its
products can be obtained on the World Wide Web at www.dell.com.
Contact:
Christine Brate
PartMiner, Inc.
Tel: (917) 256-5281
cbrate@partminer.com
Venancio Figueroa
Dell Computer Corporation
Tel: (512) 723-1726
venancio_figueroa@dell.com
