To: JakeStraw who wrote (46669 ) 6/28/1999 12:15:00 PM From: puborectalis Respond to of 120523
ROWE...bargain level........ Monday June 28, 9:43 am Eastern Time Company Press Release RoweCom and Concur Technologies Form Strategic Alliance RoweCom Chosen as Preferred Provider of Knowledge Products on Concur's EmployeeDesktop CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 28, 1999--RoweCom Inc. (Nasdaq: ROWE - news), the leading provider of business-to-business e-commerce solutions for managing the acquisition of knowledge resources, today announced a strategic alliance with Concur Technologies (Nasdaq: CNQR - news), a leading provider of Web-based employee-facing business applications. By integrating Concur's EmployeeDesktop and RoweCom's flagship Knowledge Store (kStore), Concur's business clients can order RoweCom's products and services through Concur's EmployeeDesktop application. RoweCom has been chosen as the preferred provider of knowledge products on Concur's EmployeeDesktop, meaning that RoweCom will be listed as the first and default knowledge products provider. Concur's clients, who use EmployeeDesktop to research and order supplies, equipment or other nonproduction office goods, will automatically use RoweCom's kStore to purchase all knowledge-related products. As with most popular products offered, RoweCom will guarantee the lowest price available on all large circulation and general interest magazines sold through EmployeeDesktop. ''Concur Technologies is one of the elite e-commerce vendors in the industry and we are proud to be aligned with them,'' said Dr. Richard Rowe, president and CEO of RoweCom. ''Complemented by our direct sales force, our relationship with Concur and other e-commerce vendors continues to enhance the size and diversity of our client base.'' ''With the unique benefits of the kStore and its extensive catalog, RoweCom has a complete knowledge resource solution,'' said Steve Singh, president and chief executive officer of Concur Technologies. ''This partnership will provide an important component to Concur's comprehensive e-commerce strategy and will add significant value to our joint clients.'' About RoweCom Inc.