ENPT News.....looks real nice!........Peregrine Systems(R) Makes Equity Investment in SupplyAccess(TM); Recently Announced Alliance Expanded to Include Significant Equity Investment
SAN DIEGO, Feb 25, 2000 /PRNewswire via COMTEX/ -- Peregrine Systems, Inc.
(Nasdaq: PRGN), the provider of Get.It!(TM) Employee Self Service
Weblications(TM) announces a significant equity investment in SupplyAccess(TM),
a leading business-to- business IT marketplace provider. The investment
strengthens the relationship between Peregrine Systems and SupplyAccess beyond
the recently announced transactional and sales and marketing alliance. As a
result of the investment, Peregrine Systems, Inc. will be the second largest
investor in SupplyAccess, after En Pointe Technologies (Nasdaq: ENPT).
SupplyAccess is a robust business-to-business e-Procurement solution for MRO and
IT products that has already processed in excess of $150 million worth of
transactions and over 170,000 purchase orders for numerous Fortune 1000
corporations, government entities and educational institutions. Built using SAP
R/3 and Microsoft Site Server technology, the application creates a seamless
e-Business linkage, primarily focused on technology infrastructure, by
capitalizing on its leading-edge technology and transaction processing
expertise. It provides comprehensive IT product procurement information on over
150,000 unique SKUs from leading manufacturers and distributors, and displays
them as configurable corporate standards with real-time product pricing and
availability. Requisitions created in SupplyAccess follow a comprehensive
internal workflow approval process to PO creation, then are tracked through the
external supply chain process to final delivery and signature verification at
the receiving dock. The application is fully hosted, allowing even the largest
customers to be live in less than 30 days with minimal start-up costs, while
still capable of any level of desired additional integration with back-end
business systems, including SAP, Oracle, Peoplesoft and JD Edwards.
The equity investment will include representation on the Board of Directors of
SupplyAccess, a position that will be filled by Steve Gardner, Peregrine Systems
president and CEO.
"We are very excited about the success SupplyAccess has had in its brief
existence and the significant transaction experience it has gained. We believe
that the equity investment further aligns our objectives which will greatly
benefit the customers of Peregrine Systems and SupplyAccess," stated Steve
Gardner. "As we worked with SupplyAccess to develop our Market Connections
relationship, we were quite impressed with their technology, catalog
connections, and management team. Our equity investment allows us to ensure that
we will have a close and lasting relationship with SupplyAccess, one that the
shareholders of both Peregrine Systems and SupplyAccess will have the
opportunity to benefit from."
"Peregrine Systems demonstrated a real understanding of the business opportunity
we have in front of us, and we are delighted to have Peregrine Systems
participate with us both as shareholders and market partners," said Kevin
Schatzle, president and CEO of SupplyAccess. "We are also very pleased to
welcome Steve Gardner to our Board of Directors. His experience in building a
rapidly growing global company will be invaluable to our own growth."
About SupplyAccess, Inc.
SupplyAccess is a privately held company with significant ownership by En Pointe
Technologies, a major distributor and reseller of technology infrastructure. It
provides a web application and portal site that facilitates business-to-business
Internet-based direct procurement of a broad line of information technology (IT)
and materials, repair and operation (MRO) products and services. It is
anticipated it will establish a set of vertical market exchanges for industries
such as aviation/aerospace and oil and gas.
The procurement tool and direct buying portal site is designed for Fortune 1000
customers who are searching for a complete automated buying application that can
be implemented in a matter of days for a minimum setup fee. The SupplyAccess.com
network automates MRO and IT product acquisition, from end user requisitioning
and approval workflow through electronic product procurement and delivery
tracking. Additional product catalogs, including office supplies, equipment,
furniture, packaged telecom systems and facilities products will be available
early in the first quarter of 2000.
SupplyAccess has a portal site that can be visited at www.supplyaccess.com, with
a Guest button that can be used to demonstrate most of the features of the
client application.
About En Pointe Technologies, Inc.
Dedicated to driving the evolution of the computer reseller business model, En
Pointe Technologies, Inc. (ENPT) is a dynamic public company focused on customer
satisfaction through applied technology and service flexibility. With over $660
million in fiscal 1999 sales, En Pointe is one of the nation's fastest-growing
resellers of IT products and services, directing a team of more than 125 direct
sales people from its Los Angeles, California corporate headquarters.
With coverage in 21 cities throughout the U.S., sales and service consultants
bring customized, cost-effective computer hardware, software and service
solutions to a wide range of Fortune 1000 companies, as well as state/local
government and educational institutions.
About Peregrine Systems
Peregrine Systems is the leading provider of Employee Self Service and
e-Infrastructure Management solutions that help ensure the reliability,
productivity and cost-effectiveness of organizational infrastructure. Peregrine
Systems provides Infrastructure Management solutions to organizations to permit
them to manage the availability and cost of their technology, facilities, and
transportation infrastructure. Peregrine Systems also provides Get.It! Employee
Self Service Weblications to allow any employee in the organization to get what
they need to get their job done. By integrating Employee Self Service
Weblications, such as e-Procurement, with total lifecycle infrastructure
management, our solutions empower organizations to make better and faster
business decisions. In a world moving toward 24-hour global e-Business,
e-Infrastructure Management coupled with Employee Self Service is a key to
competitive success.
Founded in 1981, Peregrine Systems is headquartered in San Diego, California
with offices throughout the United States as well as in the United Kingdom,
Belgium, Canada, France, Germany, Denmark, Italy, Japan, Netherlands, Sweden,
Australia and Singapore. Peregrine Systems also has alliance partners and
distributors located throughout these regions and in Latin America. More
information on Peregrine Systems is available on the World Wide Web at
peregrine.com.
Peregrine Systems is a registered trademark and Get.It!, Get.Resources! and
Weblications are trademarks of Peregrine Systems, Inc. All other trademarks are
the property of their respective holders.
The statements in this press release relating to matters that are not historical
are forward-looking statements. Actual results could differ materially from
these forward-looking statements.
SOURCE Peregrine Systems, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
CONTACT: Valerie Motis of Peregrine Systems, Inc., 858-720-5278,
vmotis@peregrine.com; or Jeff Eldot of Brodeur Worldwide, 602-282-5445,
jeldot@brodeur.com, for Peregrine Systems, Inc.
KEYWORD: California
INDUSTRY KEYWORD: CPR
SUBJECT CODE: JVN
URL: supplyaccess.com
peregrine.com
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