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Technology Stocks : CLRS Company Status/Future

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To: Paul Dubsky who wrote (5)4/28/1999 11:13:00 AM
From: Dave Mordis  Read Replies (2) of 128
 
Business Wire - April 27, 1999 10:15
ATLANTA--(BUSINESS WIRE)--April 27, 1999--

Deloitte & Touche First to Integrate and Market Clarus E-Procurement

Solution for Oracle Financials Customers

Clarus Corporation (Nasdaq:CLRS), a leading provider of Web-based
commerce applications, and Deloitte & Touche LLP today announced a
strategic alliance to integrate and market the Clarus(TM) E-Procurement
solution for companies using Oracle Financials enterprise resource
planning (ERP) systems.

Using Clarus' integration framework, Deloitte & Touche will develop
Clarus(TM) Fusion Links for the E-Procurement solution compatible with
the thousands of companies worldwide using Oracle Financials systems.

In a related announcement, Deloitte & Touche, one of the leading
professional services firms in the United States, also joined the Clarus
Alliance Program for Systems Integrators. The alliance program companies
will collaborate to deliver leading commerce solutions such as
electronic procurement and expense management to companies representing
hundreds to tens of thousands of users. The Clarus Alliance Program is
tailored to provide customized business planning, training, sales and
marketing resources needed by each of these organizations to expand
their business opportunities.

"Through creating Clarus Fusion Links for an integrated procurement
technology, we will deliver a cost-effective and powerful solution that
enables Oracle Financials customers to realize tremendous savings," said
Gregory Ehr, Principal, Deloitte & Touche Management Solutions &
Services. "Clarus offers an exceptionally robust solution that allows
our clients to integrate suppliers, orders and data with the Oracle
Financials backbone in a two-way interactive, real-time manner."

Clarus Fusion provides seamless integration technology for platform and
version independence. Because the solution supports Biztalk, Microsoft's
framework for electronic commerce based on new Extensible Markup
Language (XML) schemas and industry standards, Deloitte & Touche will be
able to integrate Clarus solutions into any Oracle Financials system.

Deloitte & Touche has experience serving numerous Oracle Financials
clients in a broad range of industries and geographies around the world.
The Oracle-related services provided by Deloitte & Touche are based on
deep business knowledge. Deloitte & Touche has successfully applied a
host of advanced capabilities in technology integration, process
improvement and change leadership. The firm's procurement-related
experience includes strategic sourcing services, purchasing card program
development, and purchasing process design.

"The unique ability of Clarus E-Procurement to seamlessly integrate with
any ERP solution will enable us to widely deploy a complete electronic
commerce procure-to-pay solution for a whole new channel of Oracle
users," said Steve Jeffery, president and CEO of Clarus. "Our solution
combined with Deloitte & Touche's experience and knowledge will provide
best practices for purchasing and expense management."

Deloitte & Touche, one of the nation's leading professional services
firms, provides assurance and advisory, tax, and management consulting
services through 28,000 people in more than 100 U.S. cities. Deloitte &
Touche is part of Deloitte Touche Tohmatsu, a global leader in
professional services with more than 82,000 people in over 130
countries. Deloitte & Touche refers to Deloitte & Touche LLP, Deloitte
Consulting LLC, and related entities. For additional information, please
visit Deloitte & Touche's website at www.us.deloitte.com.

Atlanta-based Clarus Corporation (www.claruscorp.com) (Nasdaq:CLRS) is a
pioneer and a leader in providing Web-based Commerce applications that
enable organizations to gain control of their operational resources --
the non-production goods and services vital to every company's
operations. Clarus Commerce leverages Web technology to connect large
populations of employees, management and suppliers with continuous
planning, monitoring and control of resources, which can result in a
dramatic impact on the bottom line. The Company's Web-based Commerce
solutions are being deployed at more than 20 sites for customers
including MasterCard International, First Data Corporation and Hyatt
Regency with planned deployment to more than 100,000 employees.

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
OR
Deloitte & Touche LLP
Josephine Vernon, 212/436-4405
jvernon@dttus.com

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