IRVINE, CA and HOUSTON-Nov. 2, 2000- iStarXchange, the B2B e-marketplace connecting the entire automotive replacement parts supply chain, and MyRepairShop, Inc., the first national network that combines technology and business management systems for independent automotive repair specialists, has announced (02/11/00), they have signed a letter of intent to develop a strategic technology and marketing alliance aimed at increasing productivity and profitability throughout the automotive aftermarket supply chain.
“iStarXchange is designed to reach all points in the industry’s distribution supply chain. Integrating its online marketplace with our national network will provide independent repair shops with access to manufacturers, suppliers, warehouse distributors and jobbers, enabling them to more efficiently run their business and increase the speed and quality of customer service,” says Brad Hays, CEO of MyRepairShop, Inc.
The strategic technology and marketing alliance includes creating electronic interfaces between the two offerings to leverage the expertise of each company. iStarXchange brings the best-of-breed technology to the entire automotive replacement parts supply chain. MyRepairShop services focus on the independent repair shop and their role in the supply chain. This arrangement will allow MyRepairShop members to gain access to the iStarXchange network of suppliers and inventory. This connectivity will increase the efficiency of the supply chain, reduce costs by controlling inventory levels and provide for increased revenues and profitability for participants.
“We’re excited about the potential this partnership will create for the entire industry,” says E.J. O’Leary, CEO of iStarXchange. “The combination of iStarXchange with MyRepairShop will connect all levels in the distribution channel and create a powerful resource, with benefits ultimately filtering down to the vehicle owner.”
About MyRepairShop, Inc.
Headquartered in Houston, Texas, MyRepairShop, Inc. provides a one-stop source of products and services for independent auto repair specialists to effectively streamline and manage their business and efficiently service vehicle owners. MyRepairShop has strategic alliances with some of the industry’s leading distributors and automotive industry specialists. The company’s Internet model facilitates communication and relationship building throughout the aftermarket supply chain.
About iStarXchange
iStarXchange is the leading e-Marketplace Service Provider to the entire automotive aftermarket and OE parts and services supply chain-the first and only end-to-end solution to link automotive replacement parts and service providers in a single online marketplace. The company’s services are based on i2 Technologies‘ (Nasdaq: ITWO) industry-leading TradeMatrix platform.
iStarXchange provides more than e-commerce over the Internet; it leverages the efficiency and visibility of the Internet to deliver value-added services to each participant in the distribution chain-from manufacturers, suppliers, warehouse distributors and jobbers to auto parts chains, new and used car dealers and a broad spectrum of professional installers. This information, combined with sophisticated planning tools, is used to improve business processes, increase revenues and decrease costs.
For more information on iStarXchange, visit www.iStarXchange.com
