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Company News
Press Releases
ICI Paints Enters Agreement with OpsXchange to Offer Paint Products Online to Real Estate Industry
Leading Manufacturer of Paint Supplies Will Integrate to the OpsXchange Supplier Network
SAN FRANCISCO--(BUSINESS WIRE)--June 7, 2001
OpsXchange, the e-procurement enabler for the real estate
industry, announced today that ICI Paints, one of the
world's leading manufacturers of coatings, signed an
agreement to participate as a supplier in the OpsXchange
supplier network.
ICI will integrate with OpsMarket, the online trading
hub of OpsXchange, allowing the supplier to receive
and process orders from customers through e-marketplaces
powered by OpsXchange's e-procurement software, OpsCommerce
Platform.
ICI Paints is one of the world's largest makers of paints
and industrial coatings and has the widest geographic
spread of any international paint business. ICI Paints
is a world leader in architectural and decorative paint
and coatings. It owes its success to excellent customer
service, innovative technology and strong brands. ICI's
decision to join the OpsXchange supplier network represents
a significant endorsement of the OpsMarket trading hub
and OpsXchange's e-procurement integration technology.
"We are pleased that ICI decided to become a supplier
to OpsXchange enabled e-marketplaces,'' said Rajiv Naidu,
CEO of OpsXchange. ``ICI is a well-established coatings
supplier to the real estate industry. Their participation
in our supplier network enhances our ability to provide
nationwide paint and coating products."
Jim Ardelean, Senior Manager of National Accounts for
ICI Paints added, ``Our agreement with OpsXchange represents
an important opportunity to transact online with major
real estate owners and managers. Two of the nation's
largest REITs (Real Estate Investment Trusts), Equity
Residential and Camden Property Trust, have already
invested in the OpsCommerce Platform. Ultimately, ICI
will be able to better transact with existing customers
and effectively reach new customers through the OpsXchange
network.''
OpsXchange provides software developed specifically
for the real estate industry to enable the online procurement
of goods and services along the real estate operations
supply chain. OpsXchange enables e-marketplaces for
its customers to transact with their existing suppliers,
maintaining the relationships between buyers and suppliers.
About ICI Paints
Part of the ICI Group, ICI Paints is one of the world's
leading manufacturers of paints and industrial coatings
with sales in 120 countries and employing 20,000 people.
In North America, ICI Paints produces decorative coatings
such as Glidden, ICI Dulux, Ralph Lauren, Devoe, Fuller-O'Brien,
Sinclair, C-I-L and Liquid Nails caulks and adhesives.
Products are sold through more than 700 Company stores,
national/retail outlets and independent dealers in the
United States, Canada and Puerto Rico. For more information,
visit www.icipaints.com.
About
OpsXchange
Founded
in 1999, OpsXchange is the e-procurement enabler for
real estate operators and suppliers. The company licenses
its proprietary hosted technology to simplify the procurement
of goods and services along the supply chain for real
estate management, maintenance, and operations. For
more information, visit www.opsxchange.com
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