iStarXchange Becomes iStarSystems; New Name Better Describes What B2B Automotive Aftermarket Supply-Chain Solutions Provider Offers Customers

    IRVINE, Calif.--April 12, 2001--What's in a name? Quite a bit if you're iStarSystems, an e-business solutions provider in the automotive replacement parts industry that announced its corporate name change from iStarXchange today.
    "As we grew during our first year, it became apparent that the `Xchange' part of our name did not reflect the breadth of our company's strengths," said E.J. O'Leary, CEO of iStarSystems, which was founded in February 2000. "We've grown tremendously and have crystallized our business mission and strategy. The new name, iStarSystems, effectively embodies the scope of our powerful e-business products and solutions."
    According to O'Leary, these solutions are focused in three areas.
    The company provides a suite of supply-chain management software based on i2 Technologies' leading TradeMatrix(TM) platform, which iStarSystems has specifically configured for the automotive replacement parts industry.
    "These solutions dramatically improve inventory forecasting and management, and also enable private marketplace design for individual companies in the replacement parts industry," said O'Leary. "And because iStarSystems has pre-configured these solutions, they are quicker to integrate and provide immediate value to our customers."
    Second, iStarSystems offers private marketplace capabilities to facilitate the buying and selling of replacement parts online. "This allows companies to enhance existing relationships, expand their market reach, lower transaction costs and reduce errors associated with traditional procurement," said O'Leary.
    Finally, iStarSystems offers powerful content management and catalog capabilities, which are powered by Vignette Corp.'s content management and syndication technology and i2's catalog.

    About iStarSystems (formerly iStarXchange)

    Founded by i2 Technologies and Toyota, iStarSystems offers sophisticated e-business products and solutions for the automotive replacement parts industry. The company provides custom private marketplace supply-chain management and design solutions based on i2 Technologies' industry-leading TradeMatrix platform and Vignette Corp.'s content management and integration solutions. For more information on iStarSystems, visit www.iStarSystems.com.