Covisint Launches Supplier Engagement Platform for SAIC General Motors and NextEV in China
December 07 2016 - 5:00PM
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
CorporationCovisint 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.
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Investor Relations
Contact866-319-7659
investors@covisint.com
Media ContactBrad
SchechterVice President, Corporate Marketing
248-483-2097 bschecht@covisint.com
For Sales and Marketing
InformationCovisint Corporation, 26533 Evergreen
Road, Suite 500, Southfield, MI 48076,
800-229-4125http://www.covisint.com
Forward-Looking StatementsThis 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.
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