Covisint Launches Supplier Engagement Platform for SAIC General Motors and NextEV in China
December 07 2016 - 5:00PM
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:
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Investor Relations
Contact
866-319-7659
investors@covisint.com
Media Contact
Brad Schechter
Vice President, Corporate Marketing
248-483-2097
bschecht@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
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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
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