Covisint Launches Supplier Engagement Platform for SAIC General Motors and NextEV in China
(Thomson Reuters ONE) -
DETROIT and SHANGHAI, China, Dec. 07, 2016 (GLOBE NEWSWIRE) -- Covisint
Corporation (Nasdaq:COVS) today announced that it has signed agreements with
Chinese automotive OEMs, SAIC General Motors (SGM) and NextEV to launch supplier
engagement platforms for each of their global enterprises.
The Covisint platform provides the foundation for SAIC General Motors (SGM) and
NextEV to provide easy access to critical applications and content to their
ecosystem of suppliers, regardless of size or location, and enable both SAIC
General Motors and NextEV to realize the following benefits:
* Extend their enterprise to manage external supplier users with single sign-
on to critical resources based on user types.
* Delegated administration both for security and access, as well as for
content management and collaboration resources.
* Manage, automate and govern the complex network of people, systems, and
things that need access to resources.
* Authenticated and unauthenticated content that can be personalized and
presented to users based upon attributes such as location, division and
role.
* Anytime, anywhere support with industry-leading service level agreements and
availability.
"Innovative, high-growth companies like SGM and NextEV recognize the need for a
single, global platform to meet their next generation supply chain needs," said
Steve Asam, CTO, Covisint. "We are proud to expand our global platform to
enable the first and only Automotive Exchange to be hosted in China."
Established in June 1997, SAIC General Motors (SGM) is a joint venture between
SAICMOTOR and General Motors, and is the largest automotive OEM in China.
Today, SGM is a multi-brand company with more than twenty product lines,
including the world-renowned Buick, Chevrolet, and Cadillac brands, covering the
luxury, compact, sedan, MPV, and SUV segments, as well as hybrid and electric
vehicles. They expect over 5,000 suppliers to be connected to the platform in
the near future.
Covisint was recognized as supplier of the year by SAIC GM in 2016 and was the
sole IT supplier to receive this award.
NextEV is the newest Chinese electric vehicle OEM headquartered in San Jose and
has over 2,000 employees across 12 countries. NextEV released the NIO brand, as
well as model EP9 as the first ultra-pure electric vehicle in China on November
21, 2016.
"Covisint is the leader in providing automotive supply chain solutions in China,
as our global network continues to grow," said Yan Zhang, General Manager of
Asia Pacific Operations for Covisint. "This continued growth in China validates
the value our platform delivers."
SAIC General Motors and NextEV join the world's largest automotive supplier
network, which has over 97,000 suppliers globally connected to 7 global OEMs.
Over 600,000 supplier users access more than 700 applications and services
across these OEMs. The community is multi-lingual available in over 10
languages and with 24x7x365 help desk support in 6 global locations.
About Covisint Corporation
Covisint is the leading Cloud Platform for building Identity and Internet of
Things (IoT) applications. Our Cloud Platform technology facilitates the rapid
development of identification, authorization and connection of complex networks
of people, processes, systems and things.
The Covisint Cloud Platform supports customers in their endeavors to securely
identify, authenticate and connect users, devices, applications and information.
It supports 2,000 organizations who connect more than 212,000 business partners
and customers that support $4 billion in ecommerce transactions annually. Learn
more at www.covisint.com.
Follow us:
* Covisint on Twitter
* Covisint on LinkedIn
* Covisint on Facebook
Investor Relations Contact
866-319-7659
investors(at)covisint.com
Media Contact
Brad Schechter
Vice President, Corporate Marketing
248-483-2097
bschecht(at)covisint.com
For Sales and Marketing Information
Covisint Corporation, 26533 Evergreen Road, Suite 500, Southfield, MI
48076, 800-229-4125
http://www.covisint.com
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934 - that is, statements related
to future events. In this context, forward-looking statements may address our
expected future business and financial performance, and often contain words such
as "expects", "anticipates", "intends", "plans", "believes", "will", "should",
"could", "would" or "may" and other words of similar meaning. Forward-looking
statements by their nature address matters that are, to different degrees,
uncertain. For Covisint, particular risks and uncertainties that could cause our
actual future results to differ materially from those expressed in our forward-
looking statements include, risks and uncertainties related to the customer's
launch of the solution within their eco-system; our ability to continue to host
the platform in China; our ability to attract new customers; unpredictable
macro-economic conditions; and other risks and uncertainties discussed in this
and our other filings with the Securities and Exchange Commission, including our
Annual Report on Form 10-K for the fiscal year ended March 31, 2016 and
subsequent Quarterly Reports on Form 10-Q. We do not undertake to update our
forward-looking statements except as required by law.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Covisint Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 07.12.2016 - 23:00 Uhr
Sprache: Deutsch
News-ID 511582
Anzahl Zeichen: 6500
contact information:
Town:
Southfield
Kategorie:
Business News
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"Covisint Launches Supplier Engagement Platform for SAIC General Motors and NextEV in China"
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