EnergyPrism.com Inc., a business-to-business e-commerce company focusing on the global energy industry, has formed eight new business-to-business e-commerce marketplaces. Each of the eight online marketplaces will be tailored to the information and transaction needs of companies in different sectors of the global energy industry. Energy companies will be able to access an integrated network of energy e-commerce sites that is being built using one technology from a leading e-commerce solutions company. Paradigm Technologies Inc., Denver, and SolutionBank Inc. have partnered to develop and implement the upstream oil and gas financial solution offered in J.D. Edwards' OneWorld(TM) enterprise software. Paradigm's Excalibur Energy Management system enables oil and gas producers to more accurately and efficiently enter, process, and review accounting, land and production data. Excalibur enables users to compare revenue to production, manage gas contracts and multiple land leases and calculate joint interest billing. The system provides reporting tools for management level decision making. ProcureNet Inc., Fairfield, N.J., reports that its joint venture with Horizon.com Ltd., one of Singapore's top developers of e-commerce solutions, has partnered with KS Tech to deliver advanced e-procurement services to the oil and gas market in the South Asia/ASEAN and Hong Kong/Greater China regions. WellBid Inc., Denver, a provider of application services and e-business solutions for the upstream oil and gas industry, has formed an alliance with Vitria Technology Inc., Sunnyvale, Calif., an e-business platform provider. Vitria's e-business platform, BusinessWare®, will enable the internal IT systems of WellBid's clients to automatically exchange procurement information and conduct end-to-end transactions using WellBid's application service. -Heather H. Read
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