Verian Technologies Forms Strategic Alliance With Internet Commerce Corporation

Verian Technologies Forms Strategic Alliance With Internet Commerce Corporation

Companies Link Products & Services to Provide Comprehensive e-Commerce Solutions

Charlotte, NC -- October 25, 2000 -- Verian Technologies, the mid-market leader of web-based procurement and materials management solutions, announced today a strategic alliance with Internet Commerce Corporation (Nasdaq: ICCA). The strategic alliance will couple Verian Technologies e-procurement solution ProcureIT with Internet Commerce Corporations ICC.net e-commerce service for a complete supply chain solution. Verian Technologies will offer Internet Commerce Corporations Internet value added network (VAN) services to its customers interested in EDI exchanges between trading partners.

"We are pleased to be integrated with Verian Technologies leading mid-market e-procurement solution," said Dr. Geoffrey Carroll, CEO of Internet Commerce Corporation. "With Verian Technologies front-end matrix and Internet Commerce Corporations strengths in facilitation and trading partner communications on the back-end, we provide organizations with a strong end to end e-commerce solution."

"This alliance provides Verian Technologies the ability to offer our clients a more comprehensive e-commerce solution," said Tehseen Ali, president and CEO of Verian Technologies. "We will be able to provide organizations with a complete e-procurement and materials management solution that will enable secure transactions between trading partners via an internet-based VAN, in-line real-time translation between sources, and no file size limitations."

About Internet Commerce Corporation

Internet Commerce Corporation provides Internet-based e-commerce service for the business-to-business marketplace. ICC.NET is a secure, low-cost, real-time transaction system for exchanging and managing data, documents, XML, electronic data interchange (EDI), graphics, audio, and video for commercial trading partners of any size. The ICC.NET system uniquely bridges legacy e-commerce investments to the Internet. For further information, visit ICC at http://www.icc.net.

About Verian Technologies

Verian Technologies is a leading provider of web-based electronic procurement and materials management solutions. ProcureIT enables companies to streamline materials management processes, reduce staff time associated with purchasing and reduce the paperwork of a manual-based purchasing department. Verian Technologies solutions enable organizations to significantly reduce operational costs and increase efficiency by automating the entire procurement process. As a result, organizations are able to realize a strategic competitive advantage and a rapid return on investment. Verian Technologies is located in Charlotte, North Carolina, and can be reached by calling (888) 791-6909 or (704) 547-7301, or visiting the web site at http://www.procureit.com.

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