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Cahners, Aspect Development Form Manufacturing.Net
The new company is aimed at becoming the manufacturing industry's "premiere procurement Web site, serving all elements of the e-commerce value chain for industrial markets," said the parent companies.
Manufacturing.Net will unite Cahners' content and Aspect's maintenance, repairs and operations (MRO) product databases, Express Catalog search technology and e-commerce applications. Buyers of industrial products and services will be able to learn, find, compare and buy in a secure, open e-commerce environment, the companies said.
"In establishing Manufacturing.Net, we have created a market-leading exchange for procurement in the manufacturing marketplace," said Romesh Wadhwani, Aspect chairman and chief executive officer. "Over 55 percent of the cost of manufacturing products is taken up in MRO expenditures. Our new company will supply information on millions of standard parts and products in an open environment."
The new company will be built around Manufacturing.net, a Web site Cahners launched in 1996 to provide content and community to the manufacturing sector. As a result of the joint venture between Cahners and Aspect Development, e-commerce applications, search technology and product databases will be added to the site.
Together Cahners and Aspect will fund the company as well as provide content, brands, software, hardware and other equipment. The new company will maintain offices in the Boston and Philadelphia areas.
Currently, Manufacturing.Net gets more than 1 million visits monthly, has
over 220,000 registered users and has more than 360 advertisers.
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