Grainger teams withRequisite for I-commerce
By Staff -- Industrial Distribution, 11/1/1998
Lincolnshire, Ill.--W.W. Grainger, Inc. is partnering with Requisite Technology, Inc. to make using its online catalog easier and enhance Grainger's other Internet commerce initiatives.The two firms announced a multi-million, multi-year agreement in September. Terms were not disclosed, but Grain-ger was also the major investor in Requisite Technology's recent $7 million venture capital financing, says Requisite chief executive officer Barbara Mowry.
"Because Grainger represents a key resource to so many suppliers and customers, this relationship will also benefit manufacturers and enterprise software vendors whose customers need access to Grainger's online product information," says Mowry.
Donald Bielinski, group president of Internet commerce at Grainger, says customers will benefit from a superior product-finding technology, which allows them to search by entering broad or specific parameters.
"Highly accessible product information is critical to our customers," he says. "We are committed to extending our leadership through electronic commerce initiatives that will benefit our customers and suppliers."
Boulder, Colo.-based Requisite Technology is an electronic cataloging technology and content services provider. It offers services such as an integrated text and parametric finding engines, catalog authoring and maintenance tools. The firm was also selected as an exclusive third-party distributor for Grainger's product information.
Requisite will also be responsible for creating product information architecture that links each of Grainger's business units, maintaining online catalog content and more.
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