Attracting New Customers; Clarus Corporation's Continued Growth in
E-Commerce Procurement Poises Company for Leadership Position
Business Wire - January 26, 1999 09:20
ATLANTA--(BUSINESS WIRE)--Jan. 26, 1999--Clarus Corporation
(Nasdaq:CLRS) today announced that 13 companies are now on the client
roster for Clarus(TM) E-Procurement, the Web-based business-to-business
procurement solution first introduced in June 1998. The confidence of
these customers, coupled with Clarus' completed acquisition of
electronic procurement pioneer ELEKOM Corporation, strategically
positions Clarus as a leader in the high-growth electronic procurement
market.
Customers for Clarus E-Procurement represent a wide variety of
industries including insurance, Internet, banking, hospitality, retail,
high-tech and business services. Current customers include MasterCard
International; First Data Corporation; First National Bank of Chicago;
Fisher-Rosemount Systems, Inc; H.D. Vest Financial Services; Hyatt
Regency-Chicago; InterNAP Network Services; Investment Technology Group;
Mark Travel; and The Container Store.
"The acquisition of ELEKOM last year was a significant milestone in
advancing our strategy to become a leader in delivering Web-based
applications that strategically manage business resources," said Steve
Jeffery, chairman, president and CEO of Clarus. "Clarus has already
attracted a large and diverse portfolio of high-profile customers for
our electronic procurement solution. Several of our industry-leading
clients are already in production and are recognizing immediate return
on investment in a dynamic business environment. These growing companies
are using Clarus E-Procurement to help strategically manage business
resources, place controls on spending and extend increased service
levels to employees."
Last month the company announced the next generation of its flagship
electronic procurement software, Clarus E-Procurement Version 3.0, which
includes the following features:
o First electronic procurement solution to leverage the advanced
technology of Microsoft Commerce Interchange Pipeline (CIP) for
real-time procure-to-pay routing
o First to include Level 8 Enterprise Application Integration (EAI)
technology for seamless, open integration between heterogeneous
backoffice systems to position its electronic procurement
solution for mass deployment
o Enhancements in enterprise management, document attachment
capabilities and decision support
Clarus differentiates its electronic procurement solution from
competitive offerings by delivering Web-based technology with open
message-based integration, flexible catalog management and extends
functionality to an organization's entire employee base. The Clarus
solution provides an "event-driven" procurement process enabling
end-users to purchase materials associated with specific, ongoing or
recurring company events -- such as an employee's first day on the job
or an industry trade show. End-users can also select MRO (maintenance,
repair and operational) goods and services from local or Web-based
catalogs, electronically place orders with suppliers and receive
purchases at their desktop.
Atlanta-based Clarus Corporation (www.claruscorp.com) (Nasdaq:CLRS) is a
leading provider of Web-based applications for managing operational
resources together with Financial and Human Resource applications for
mid- to large-sized companies. Founded in 1991, the company's
applications create high lifetime value by delivering sophisticated
functionality while substantially reducing the time required for
implementation, maintenance and upgrades. Clarus serves such customers
as First Data Corporation, MasterCard International, Hyatt Regency
Chicago, T. Rowe Price Associates, Inc., Investment Technology Group,
Toronto Dominion Bank, The Container Store, H.D. Vest Financial
Services, Lands' End and Chartwell Re Holdings Corp.
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THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE
MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF
THE EXCHANGE ACT. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE
PROJECTED IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF CERTAIN RISKS
INCLUDING THAT THE BENEFITS EXPECTED BY THE COMPANY AS A RESULT OF THE
ANNOUNCEMENT MAY NOT OCCUR.
Clarus is a trademark of Clarus Corporation. Throughout this release,
software and hardware products are mentioned by name. In most, if not
all, cases, these product names are claimed as trademarks by the
companies that manufacture the products. It is not our intention to
claim these names or trademarks as our own.
CONTACT: Clarus Corporation
Julie K. Smith, 770-291-8504
jsmith@claruscorp.com
or
Ketchum/Crescent
Nicole Fischer, 404/287-2000 ext. 179
nfischer@crescomm.com |
