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Cosworth Racing Deploys Documentum eRoom to Collaborate with Supply Chain
PLEASANTON, Calif., Dec. 2 /PRNewswire-FirstCall/ -- Documentum , the leading
provider of enterprise content management (ECM), today announced that Cosworth
Racing, the most successful engine manufacturer in Formula One, has deployed
Documentum eRoom to facilitate collaboration and management of its external
supply chain. The project is already helping Cosworth to securely deliver key
data to suppliers, reduce internal costs and delays related to sourcing and
producing parts and improve supplier commitment.
Cosworth Racing, founded in 1958 and owned by Ford Motor Company, is one of the
most successful suppliers of engines to motorsport, including Formula One, CART
and the World Rally Championship. Cosworth pursues automotive engineering
excellence with more than 600 employees across factories located in Northampton
UK and Torrance, California, which house some of the most technologically
advanced design, manufacture and test equipment in motorsport.
Looking to enhance efficiency, reduce operating costs and revolutionize its
procurement processes, the company deployed Documentum eRoom with its suppliers
to improve its processes for purchasing parts and supplies. The company also
uses Documentum eRoom to exchange technical specification and designs data
related to new product development. Cosworth Racing initially piloted the
web-based application initially to 14 of its suppliers and is currently in the
process of rolling out to all key stock suppliers.
"We chose Documentum eRoom because we needed a secure, web-based workspace that
could be easily configured to suit our business process, easy for our buyers and
suppliers to use and would integrate with our existing ERP software," said
Jeremy Hill, Head of Business Systems, Cosworth Racing. "Also, the fact that our
parent company Ford is a large eRoom user gives us confidence in the product."
"Companies across all industries turn to Documentum eRoom to improve
efficiencies in product development and supply chain initiatives, ultimately
gaining competitive advantage, exemplified by Cosworth Racing, as a few seconds
in racing can determine victory or defeat," said Dave DeWalt, president and
chief executive officer for Documentum. "Documentum's best-in-class
collaboration solution helps organizations accelerate delivery of new products
and services and maximize supply chain effectiveness. We look forward to
helping Cosworth meet any additional requirements in the future."
About Cosworth Racing
With experience spanning four decades, Cosworth Racing is a world leader in the
design, development and manufacture of ultra-high performance engines for
racing, rally and road car application. Cosworth Racing provides engine
technology and design solutions for Formula 1, CART, World Rally car and
motorbike racing, as well as racing engine technology transfer to the Premier
Automotive Group of Ford Motor Company.
About Documentum
Documentum provides enterprise content management (ECM) solutions that enable
organizations to unite teams, content and associated business processes.
Documentum's integrated set of content, compliance and collaboration solutions
support the way people work, from initial discussion and planning through
design, production, marketing, sales, service and corporate administration. With
a single platform, Documentum enables people to collaboratively create, manage,
deliver and archive the content that drives business operations, from documents
and discussions to email, Web pages, records and rich media. The Documentum
platform makes it possible for companies to distribute all of this content in
multiple languages, across internal and external systems, applications and user
communities. As a result, Documentum's customers, which include thousands of the
world's most successful organizations, harness corporate knowledge, accelerate
time to market, increase customer satisfaction, enhance supply chain
efficiencies and reduce operating costs, improving their overall competitive
advantage. For more information, visit Documentum on the Web at
http://www.documentum.com/.
NOTE: Documentum and the Documentum logo are trademarks or registered
trademarks of Documentum, Inc. in the US and throughout the world. All other
company and product names are used for identification purposes only and may be
trademarks of their respective owners. Documentum cannot guarantee completion
of any future products or product features mentioned in this document, and no
reliance should be placed on their availability. Printed in the U.S.A.
In addition to historical information contained herein, this news release
contains forward-looking statements that involve risks and uncertainties. These
forward-looking statements include, but are not limited to, statements relating
to the company's momentum and continued expansion of its product offerings,
diversification of its sales model, expanded global presence, increased market
share, expanded revenue stream, increased cross-sell opportunities and strong
execution. The company's future actual results could differ materially from
these forward-looking statements. Factors that could cause or contribute to such
differences include, but are not limited to, the risks associated with the
software market, risks associated with development and release of new versions
and new products, fluctuations in customer demand for our products, risks
associated with rapid technological change, concentration of a large percentage
of our quarterly revenue with a few customers, the financial, economic,
political and other uncertainties caused or exacerbated by the current
hostilities involving the United States and Iraq, the risk that the company will
not be able to integrate its products, operations and business with acquired
entities effectively, that the companies' customers, suppliers and employees
will not support its acquisitions, and the other general risks of acquisitions.
Such factors also include those discussed from time to time in the company's
public reports filed with the Securities and Exchange Commission, such as those
under "Risk Factors" included in the company's annual report on Form 10-K for
the fiscal year ended December 31, 2002, as well as the company's other filings
with the Securities and Exchange Commission, which are available at
http://www.sec.gov/. The company undertakes no obligation to update or revise
these forward-looking statements.
Unless expressly stated otherwise, the customer transaction discussed in this
press release was not completed in the current quarter and any license revenue
associated with such transaction should be assumed to have already been included
in prior earnings announcements.
DATASOURCE: Documentum, Inc.
CONTACT: David De Jear, Public Relations, +1-925-600-5458, or
, or Pat Menchaca, Investor Relations,
+1-925-600-5593, or , both of Documentum
Web site: http://www.documentum.com/