Mitsubishi International Corporation Selects webMethods Integration Platform
webMethods Will Enable Mitsubishi International Corporation to Streamline Business Processes and Reduce Costs
TOKYO and FAIRFAX, Va., Feb. 19 -- webMethods K.K., the Japanese subsidiary of webMethods, Inc. , the industry's first Web services infrastructure company, today announced that Mitsubishi International Corporation (MIC) selected the webMethods Integration Platform in early 2003 to develop and manage its EDI and XML-based trading partner relationships on a single platform. By managing its systems on the webMethods Integration Platform, MIC expects to improve its productivity and reduce operational costs.
"By implementing the webMethods Integration Platform, we can expect to improve productivity of the development and managing of our systems, while achieving serious cost reductions," said Mr. Keigo Ando, Manager, Mitsubishi International Corporation. "We also believe that we can establish a strategic IT system for higher ROI by leveraging cutting-edge technologies."
MIC plans to implement the webMethods Integration Platform to connect its internal and external systems in order to improve productivity through business-process-focused systems management. Since the webMethods Integration Platform does not require customers to write extensive source code, MIC is expecting quick development time and the ability to achieve a faster return on investment.
"MIC is faced with meeting a variety of customer requirements from its broad base of trading partners," said Akimasa Koizumi, president and CEO of webMethods K.K. "By leveraging webMethods' proven integration solutions, MIC will be able integrate existing applications and create cross-functional business processes that will increase productivity, reduce operational costs and improve customer relations."
About Mitsubishi International Corporation
Mitsubishi International Corporation (MIC), a wholly owned subsidiary of the Mitsubishi Corporation, is a multi-industry trading and investment company with $6.2 billion in annual revenue and 12 locations across the United States. Leveraging a worldwide network of international trading partners, the trading company conducts transactions in a comprehensive range of businesses, including chemicals, information technology, energy, metals, machinery and living essentials. MIC adds value through the ability to finance and invest in the development of companies and projects, as well as through expertise in providing the marketing, sourcing and logistics services needed for businesses to succeed. Headquartered in New York, the company may be found on the web at http://www.micusa.com/
About webMethods, Inc.
webMethods is the industry's first Web services infrastructure company. webMethods' innovative integration, Web services, portal and analytic solutions enable more than 1,050 enterprise customers worldwide to run, measure and optimize their business. Recognized in 2003 as the fastest growing software company in North America by Deloitte, webMethods is headquartered in Fairfax, Va., with offices throughout the U.S., Europe, Asia Pacific and Japan. More information about the company can be found at http://www.webmethods.com/.
webMethods is a registered trademark, and Global Business Visibility is a trademark, of webMethods, Inc. in the USA and certain other countries. All other company and product names are the property of their respective owners.
This press release may contain various remarks about the future expectations, plans and prospects of webMethods that constitute forward- looking statements for purposes of the safe harbor provisions of U.S. securities laws. The actual results of webMethods may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed under the heading "Factors That May Affect Future Operating Results" in the Business section of webMethods' Form 10-K for the year ended March 31, 2003, and in the "Management's Discussion and Analysis" section of webMethods' Form 10-Q for the quarter ended December 31, 2003, which are on file with the U.S. Securities and Exchange Commission and may be accessed at www.sec.gov or webMethods' investor relations webpage at www.webMethods.com/investors. webMethods disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.