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Jato Communications Joins the Vitria Business Network
Fast-growing communications provider speeds time to market using Vitria ebusiness platform to electronically bond with DSL supply chain partnersSUNNYVALE, Calif., June 21, 2000 -- Vitria Technology, Inc. (Nasdaq:VITR), a leading ebusiness platform provider, today announced that Jato Communications Corporation, a leading provider of high-speed Internet-based products and services, has joined the Vitria Business Network (VBN.) By joining the VBN, Jato will be able to dramatically shorten the lead-time and cost required to electronically bond with Internet Service Providers (ISP's), local carriers, modem suppliers and other members of the DSL supply chain. The VBN will enable Jato to quickly enter the fast-growing DSL market with a differentiated level of service and to quickly bring to market new services and products sourced internally or from external business partners.
The Vitria Business Network (VBN) provides the enabling technology platform and the infrastructure services that speed the formation of business partnerships, accelerate the introduction of new service providers into ready-made markets, and support quick and easy electronic bonding between trading partners within and across industries. Members of the VBN use Vitria's ebusiness platform to conduct business electronically (or "electronically bond") with any Vitria-enabled exchange or hub using open Internet standards. Electronic bonding provides the ability for members to automatically link their business processes over the Internet, enabling automatic, system-to-system exchange of business information and transactions in real time.
"The VBN is an excellent vehicle to accelerate our entry into the DSL market," said Terri Compton, COO of Jato Communications, Inc. "The VBN will help us establish electronic bonds with our DSL supply chain partners, enabling us to provision and activate new services much faster than using traditional phone and fax collaboration."
"Jato is a definitive example of what the Vitria Business Network is all about -- allowing new business relationships to form at Internet speed, as and when required, without the inertia and complexity of traditional paper-based business relationships" said JoMei Chang, CEO and president of Vitria. "We believe the rapid formation of fluid and dynamic supply chain networks is the future of ebusiness, and we are delighted to welcome Jato as a founding member of the VBN."
About Jato Communications
Founded in June 1998, Denver-based Jato communications provides high-speed Internet access, network connectivity and associated broadband applications and services to small and medium-sized businesses. Jato uses digital subscriber line (DSL) and oter high-speed communications transport technologies to offer an array of Internet-based services including Internet access, web hosting, e-mail and e-business applications. The company distributes its products and services directly to end-users and indirectly through Internet Service Providers (ISPs), Value Added Resellers (VARs) and other local market partners. It already introduced its DSL Plus service in 33 cities and 15 states. For more information, call Jato at 303-226-8400 or visit the company's web site at www.jato.net.
About the Vitria Business Network
The Vitria Business Network is a dynamic network of Vitria-enabled trading communities and their exchanges, hubs and trading partners. The Vitria Business Network facilitates quick and easy electronic access to a rapidly expanding network of product and service providers serving the business needs of multiple industries including telecommunications, high-tech supply chain, utilities, healthcare, financial services and insurance. By enabling fast, easy, low-cost electronic bonding between businesses and the exchanges and hubs of their customers, suppliers and partners, the Vitria Business Network enables members to streamline and automate their service supply chain and dramatically reduce the time and cost required to bring new products and services to market.
About Vitria
Vitria Technology, Inc. is a leading provider of eBusiness platfiorm software. Vitria's eBusiness platform, BusinessWare®, automates mission-critical business processes across the extended enterprise, reducing time to market, shortening lead times, lowering operating costs, and increasing customer satisfaction. Vitria is a publicly traded company (Nasdaq:VITR) based in Sunnyvale, California. For more information, call 408/212-2700, visit the company's Web site at www.vitria.com, or send email to info@vitria.com.
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This press release includes forward-looking statements that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to, risk as related to market acceptance of Vitria's product, deployment delays or errors associated with these products, hardware platform incompatibilities, reliance on a limited number of customers for a majority of revenue, need to maintain and enhance certain business relationships with system integrators and other parties, ability to manage growth, activities by Vitria and others regarding protection of proprietary information, release of competitive products and other actions by competitors, Year 2000 problems and economic downturns in either domestic or foreign markets. These forward-looking statements are generally identified by words such as "expect," "anticipate," "intend," "believe," "hope," "assume," "estimate" and other similar words and expressions.BusinessWare® is a trademark of Vitria Technology, Inc. All other names may be trademarks of the companies with which they are associated.
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