Barnes & Noble.com, Contact East, Fatbrain.com, and MaterialNet.com Join Concur Business Advantage
REDMOND, Wash., Feb 28, 2000 (BUSINESS WIRE) --
--Premier Suppliers Expand Range of Corporate Goods and
Services Offered on eCommerce Network--
Concur Technologies (Nasdaq: CNQR), the leading provider of business-to-business
workplace eCommerce solutions, announced today that Barnes & Noble.com
(Nasdaq: BNBN), Contact East, Inc., Fatbrain.com, Inc. (Nasdaq: FATB), and
MaterialNet.com, have been selected to participate in Concur Business Advantage.
Jointly founded with Nortel Networks (NYSE/TSE:NT), Concur Business Advantage is
the first global leveraged buying eCommerce trading network for the small and
mid-size business (SMB) market. Concur Business Advantage connects users over
the Internet directly to market-leading suppliers and enables small and mid-size
businesses to take advantage of the leveraged buying power of multi-billion
dollar corporations.
"Bringing the largest number of buyers and premier suppliers to our commerce
network will enable us to meet our goal of creating the world's largest, most
heavily trafficked electronic commerce trading network," said Rob Reid,
president, Concur Commerce Network Division. "We're pleased to bring these
market-leading suppliers into Concur Business Advantage to deliver their high
quality goods and services to our customers, as well as to provide them with a
highly efficient, low-cost distribution channel."
Suppliers in Concur Business Advantage offer a broad range of high-quality
corporate goods and services, from office supplies and travel services to
computer equipment, custom printing, and more. These participating suppliers
will offer customers special pricing offers, value added services, and discounts
as high as 65 percent.
"As the leading business-to-business online book provider, Barnes & Noble.com is
pleased to join the Concur Business Advantage program," said Brian Buckley, vice
president Business Solutions, Barnes & Noble.com, the fourth largest eCommerce
retailer focused largely on the sale of books, music, software, magazines,
prints, posters, and related products. "By teaming with leaders like Concur, we
are able to continue to offer e-procurement solutions to businesses to
streamline the purchase of books and related products from Barnes & Noble.com."
Contact East is a leading supplier of MRO products with a focus on products for
assembling, testing, and repairing electronic equipment. "For 37 years Contact
East has been committed to providing customers with excellent service, quality,
selection, and value," said Madelyn Mitton, marketing director, Contact East,
Inc. "Joining Concur Business Advantage is a terrific opportunity for us to
continue to provide leading services to existing customers while allowing us the
opportunity to reach a broad range of new customers who are excited to realize
the efficiency of e-procurement."
Dennis Capovilla, president and COO of Fatbrain.com, the Internet's one-stop
shop for corporate document management, said, "Fatbrain.com's association with
the Concur Business Advantage program provides Concur Business Advantage
customers with access to the most comprehensive selection of professional books,
documentation, and training materials. In addition, the relationship builds on
Fatbrain.com's business-to-business strategy to efficiently manage, market, and
deliver information for corporations everywhere."
"We're always looking to bring added value to our customer's experience," said
David Centner, president of MaterialNet.com, the first and only B2B
e-marketplace for raw materials that offers reverse auctions for the purchase of
all metals. "Once we identified Concur's technologies as the most beneficial to
our audiences, we moved quickly to join the Concur Business Advantage network."
The Boston Consulting Group states that U.S. business-to-business eCommerce will
grow by 33 percent per year and reach $2.8 trillion in transactions by 2003.
Concur Business Advantage, a leveraged buying eCommerce trading network, offers
the potential for small and mid-size businesses to save billions of dollars.
With between 25 and 55 percent of total company expenditures spent on corporate
goods and services, Concur Business Advantage is the first leveraged buying
trading network that offers businesses the ability to reduce their purchasing
spend by five to 15 percent. For a mid-size business spending $10 million on
corporate goods and services, this could mean savings of $1.5 million.
About Concur Technologies
Concur Technologies, Inc.(TM) (www.concur.com) is the leading provider of
workplace eCommerce solutions that automate costly and inefficient business
processes among employees, partners, suppliers, and service providers. Its
flagship product, Concur eWorkplace(TM), integrates Concur's suite of workplace
eCommerce solutions -- corporate procurement, human resources self-service, and
travel management -- through a common business portal. The Concur eWorkplace
suite is available in two distinct models: licensed and Application Service
Provider (ASP). Both models enable users to access critical information and
services thus reducing operating costs, increasing productivity, and improving
supplier management. Concur's customer base is comprised of more than 320
companies, representing over 2.4 million employees, across more than 20
countries. AT&T, Baxter International, DaimlerChrysler, Exxon, and Pfizer are
among the companies that have selected Concur's workplace eCommerce solutions.
Concur's global trading network, Concur Commerce Network(TM), links buyers
throughout the workplace together with suppliers to conduct business-to-business
eCommerce in real time. The Concur Global Alliance Network(TM) is comprised of
over 50 world-class organizations including ADP, American Express, Exodus, KPMG,
Microsoft, Nortel Networks, and SAFECO.
All company or product names are trademarks and/or registered trademarks of
their respective owners.
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Copyright (C) 2000 Business Wire. All rights reserved.
CONTACT: Press Contacts
Concur Technologies, Inc.
Christina Schuetz, 425/497-5929
christinas@concur.com
or
Niehaus Ryan Wong
David Gutierrez, 650/827-7054
gdavid@nrwpr.com
or
Investor Contact
Concur Technologies, Inc.
Kira Bacon, 425/497-7342
kirab@concur.com
businesswire.com
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