Chevron Chooses SchemaLogic to Enable Corporate SharePoint Initiative
Chevron Technology Ventures Invests in SchemaLogic
SCHEMALOGIC PRESS CONTACT:
Kirkland, Washington â€“ October 29, 2007 â€“SchemaLogic, the leading provider of Business Semantics Management software for Global 5000 companies, today announced Chevron has chosen SchemaLogic Enterprise Suite as a critical software component for the companyâ€™s Global Information Link (GIL3) initiative. This strategic initiative defines Chevronâ€™s overall information management strategy, global hardware and software architecture and operating environment for its 56,000 employees in 180 countries.
In addition, CTTV Investments LLC, the Venture Capital arm of Chevron Technology Ventures, will be investing in SchemaLogic, adding to the Companyâ€™s latest investment round announced in July led by Goldman Sachs.
â€œWe are thrilled to have the financial backing from Chevron Technology Ventures as we continue to experience great momentum expanding our business into new markets such as the oil and gas industry,â€ commented Jeff Dirks, president and CEO of SchemaLogic. â€œAnd, as we move forward with Chevron on their GIL3 initiative, we are happy to help them provide employees with the ability to accurately access distributed information when they need it, helping Chevron maximize how it leverages its key information assets on a global basis.â€
Chevron Corporation, the second largest integrated energy company in the United States and one of the largest corporations in the world, has embarked on developing and rolling out its third generation â€œGlobal Information Link.â€ GIL3â€™s technical architecture includes all desktop, infrastructure and information management systems worldwide.
As a critical component of GIL3, Chevron is deploying MicrosoftÂ® Office SharePointÂ® Server (MOSS) 2007 globally as its primary collaboration and content management platform for Microsoft Office documents. When completed, this will be one of the largest implementations of SharePoint in the world. Critical to the success of the project is the implementation of a File Plan model to ensure that digital information assets are described in a consistent way across the enterprise. Chevron has selected SchemaLogic as the only enterprise-scalable software for management and collaboration of its corporate File Plan, integration of their managed File Plan within Microsoft SharePoint, and synchronization of the evolving Business Semantics across the entire global SharePoint environment.
This global File Plan ensures that documents and other information can be stored, retrieved and shared across the enterprise. The overarching File Plan defines the Business Semantics used for describing the content in SharePoint and managing the application of Chevronâ€™s classic Records Management activities, which are critical for regulatory compliance and risk mitigation. As a result of the GIL3 initiative, Chevron is improving governance over their content, resulting in improved regulatory compliance and information access to the millions of documents housed in its repository.
â€œGiven our global reach, it is critical that our employees communicate and work together in a collaborative environment that is easy and common across the organization,â€ said Lynn Chou, Chevron’s general manager of global technology and strategy. â€œSharePoint provides us with a platform to collaborate on document creation and management. SchemaLogic provides the essential software to help Chevron standardize on a corporate-wide vocabulary to manage our information, which is absolutely critical for regulatory compliance and risk mitigation.â€
SchemaLogic provides Business Semantics Management (BSM) software for companies to manage and connect the different vocabularies used to describe information, aligning content management and search systems and allowing people to find and share corporate â€˜know-howâ€™ across their enterprise. The Company has licensed software to some of the largest companies in the world, including Associated Press, Chevron, Corbis and Reed Business Information. To learn more about SchemaLogic, please visit www.schemalogic.com.
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