Partner Press Release
Deutsche Financial Services Joins RosettaNet to Help Improve Efficiencies of IT Supply Chain

For Release June 7, 1998

-- Deutsche Financial Services, a leading source of specialized financial and servicing programs to the information technology industry, today announced its support of RosettaNet, a global initiative to adopt common business processes created to advance IT supply chain interaction worldwide.

RosettaNet involves key companies in the IT supply chain who have taken responsibility for helping to define and adopt these business processes . As a RosettaNet partner, DFS is responsible for providing its expertise to define new business processes and to identify existing ones that should be adopted into the supply chain. DFS will also be responsible for promoting and implementing the agreed upon business processes through its own company and IT supply chain partners.

"RosettaNet is a uniquely positioned industry group which has chosen to focus on electronic business, the need for standards, and the value both will have on the many companies which comprise the supply chain," Mr. Fasano said. "We are very pleased to support this effort and believe our involvement will enhance the outcome to the industry."

"We are very pleased to have secured executive ownership for this endeavor from such key influencers in the IT supply chain," said Fadi Chehadé, CEO of RosettaNet. "This executive ownership, which stems from the clear understanding of the need for standards and their ensuing business impact, is our strongest guarantee that RosettaNet business processes will cross the chasm for specifications to widespread implementation."

"We believe it is in the overall interest of the IT industry, and the organizations supporting the industry, such as DFS, to develop a system of universal standards and guidelines to promote orderly growth within the market," said Frank Limbaugh, President of DFS' Technology Division. "That's why DFS is endorsing the RosettaNet initiative."