TeamShare Selected by Covisint for Process Management and Issue Tracking Software; TeamShare Expands Presence in Automotive Industry Through New Relationship with Industry Leader
COLORADO SPRINGS, Colo.--Nov. 12, 2001--TeamShare, Inc., a leading provider of Web-architected process management and issue tracking software, today announced that Covisint, the e-business exchange for the automotive industry, has purchased the company's flagship software, TeamTrack.Covisint will utilize TeamTrack to track processes within its software and product development activities. The new relationship with Covisint expands TeamShare's customer base to include the automotive sector and highlights its strong commitment for growth in new vertical markets.
TeamShare's relationship with Covisint reinforces a growing demand for business process management from new industries. "Historically, it has been the software development and IT industry customers who were seeking business process management solutions. The automotive industry presents a significant growth opportunity for TeamShare and we are proud to introduce an industry leader such as Covisint to our strong customer base," said Bruce Huebner, CEO of TeamShare. "The e-business, automotive industry relies on strong customer-centric solutions that respond in real time, accurately and appropriately to customer requests. We are confident that our product will assist Covisint in being as efficient and effective as possible while providing the flexibility that every company needs to be competitive and successful in today's fast-moving environment."
"Covisint is constantly updating, advancing and enhancing its products for collaborative product development, procurement, supply chain, quality and portal services. TeamTrack's Web architecture provides inherent benefits like easy accessibility, enforced automated processes and real-time information. Such benefits allow our development teams to effectively monitor and track a project from start to finish and deliver the final product on time," said Craig Whittington, applications architect for Covisint.
About TeamShare, Inc.
Founded in 1996, TeamShare, Inc. delivers Web-architected collaborative process and business activity management software solutions. The company's solutions, powered by the TeamTrack workflow engine, enhance process management, monitor business activities, speed resolution and encourage collaboration within and across enterprises. While project management, defect and issue management and customer support management solutions are pre-packaged and readily available from TeamShare, the powerful TeamTrack platform can be combined with industry-specific knowledge to streamline virtually any business process to provide enterprise business process management and enable collaborative product development with business customers and partners. The products are highly configurable; their Web architecture makes them simple to implement and maintain and keeps ownership costs low.
TeamShare's customers and partners include Dell, Hewlett-Packard, KPMG, CitiGroup, 3-Com and ADP. TeamShare has been named to Computerworld's `Top 100 Emerging Companies' and the `SoftLetter 100' lists. For more information, contact TeamShare, Inc. by phone at 888/TEAMSHARE (832-6742), via e-mail at inquiries@teamshare.com or on the Web at www.teamshare.com.
About Covisint
Covisint is a global solutions provider partnering with the automotive industry. Our focus is to improve the effectiveness of mission-critical processes such as collaborative product development, procurement and supply chain management, which will enhance our customers' product quality, cost structure and time-to-market worldwide. Covisint was founded by DaimlerChrysler, Ford, General Motors, Nissan, Renault, Commerce One and Oracle. Since its inception, PSA Peugeot Citroen has also joined the initiative. Covisint has headquarters in Amsterdam, Tokyo and Southfield, Michigan. For more information about Covisint, visit www.covisint.com.