AvidXchange Launches E-Marketplace for Commercial Real Estate Operations; Clarus Powered Marketplace Already Demonstrates Customer Benefit Through Online Contract Bid.Business Editors/High-Tech Writers CHARLOTTE, N.C. & ATLANTA--(BUSINESS WIRE)--Sept. 21, 2000 AvidXchange.com, an e-marketplace for the real estate operations industry, and Clarus Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CLRS CLRS Center for Labor Research and Studies CLRS Central Launch and Recovery Section CLRS Claims Legal Research System ), a leading business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) e-commerce software solution provider, will participate in the Microsoft Enterprise 2000 Launch in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , September 26, 2000. Clarus will be among 33 Microsoft (NASDAQ: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) partners selected to demonstrate solutions that employ the Microsoft Enterprise Server 2000 suite of products. AvidXchange.com's web-based real estate marketplace is powered by the award-winning Clarus eMarket(TM) and ClarusNet(TM) B2B trading services. "AvidXchange.com is an excellent demonstration of a B2B trading platform that provides cross-party benefits for a specific industry," said Mike Praeger, chief executive officer of AvidXchange.com. "In this case, we are easing bid management on the front end for building managers, we are simplifying the bid submission process and reducing `legwork' for contractors, and we're providing a single distribution channel for suppliers. The idea is to create a streamlined, hassle-free bid process that reduces costs for everyone." AvidXchange will also deploy the ClarusAuctions(TM) solution as part of its commercial real estate marketplace and has already demonstrated the significant benefits this technology will provide for its marketplace members. Clarus and AvidXchange will feature the case study highlights of a recent transaction by AvidXchange's first major customer, Levine Properties, a leading property manager/developer out of Charlotte, NC, with a portfolio of roughly 2.5 million square feet of property under management. Levine utilized the complex auctioning capabilities of the AvidXchange.com marketplace to quickly narrow the field of general contractor A general contractor is an organization or individual that contracts with another organization or individual (the owner) for the construction of a building, road or any other execution of work or facility. bidders during the last phase of the bid process for a multi-million dollar 52,000 square foot building project. This online process resulted in such intense competition that only $1,200 separated the final participants' bids. Praeger said that in October AvidXchange will formally launch its e-marketplace as a regional solution, focusing initially on 23 cities in the Southeast. "Clarus eMarket, combined with the trading services such as ClarusAuctions, creates a flexible, open platform suited to the unique needs of property management procurement," said Steve Hornyak, chief strategy officer for Clarus. "ClarusAuctions based on the Clarus and Microsoft-based platforms was transactional within weeks for AvidXchange and has delivered the speed-to-market and the scalability required to support a marketplace." The Clarus eMarket solution is built exclusively on the Microsoft.Net technologies including Commerce Server 2000, SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. 2000 and BizTalk Server Software from Microsoft that provides integration between business processes within an enterprise and between different organizations. BizTalk Server uses protocol implementations called "adapters" to communicate with applications and includes built-in adapters and a framework for 2000. Clarus eMarket was recently named the Microsoft Worldwide E-commerce Solution of the Year in recognition of its utilization of the advanced capabilities of the Commerce Server 2000 platform including its scalability, reliability and speed-to-market advantages. About Clarus Atlanta-based Clarus Corporation (www.claruscorp.com; NASDAQ: CLRS), a leader in business-to-business (B2B) e-commerce, provides B2B procurement software Procurement software is business software that helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and paying the bill is and trading services that exploit the global marketplace of the Internet to manage corporate purchasing and enable digital marketplaces. ClarusNet(TM), a fully managed service portal, provides a comprehensive range of critical trading services such as payment settlement, supplier enablement Supplier Enablement is the process of electronically connecting suppliers (or other trading partners) to a company's supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company's back-office systems to exchange critical business , auctions, integration, and analytics. Designed to provide unprecedented interoperability, ClarusNet enhances the value and speeds delivery of any B2B trading platform including Clarus(TM) eProcurement and Clarus eMarket(TM). Microsoft recently honored Clarus with one of the highest awards possible as its Worldwide E-commerce Solution of the Year. Clarus solutions are being deployed at customer sites including Burlington Northern Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. Corp., Cinergy, Comcast Corporation, First Data Corporation, Gjensidige NOR Gjensidige NOR was a Norwegian bank and insurance company that was in existence between 1999 and 2003. The company was created when the two savings banks Sparebanken NOR (bank) and Gjensidige (insurance) were merged in 1999. , MasterCard International, MetLife, Parsons Brinckerhoff Parsons Brinckerhoff (PB) is a planning, engineering, program and construction management organization. The company has been involved in planning and designing some of the world's largest public works projects, such as Boston's Big Dig, Britain's rail system Network Rail; , Perot Systems and Wachovia. About AvidXchange.com Headquartered in Charlotte, NC, AvidXchange.com has created an e-marketplace that matches property managers with service providers and materials suppliers. Property managers can post requests for proposals for such things as roofing, heating/air conditioning service, and lawn maintenance, and contractors can compete online for the business by submitting bids. AvidXchange also offers a full set of tools that create a desktop for purchasing supplies, sourcing work, and managing the competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process. For more information about AvidXchange.com, visit www.avidXchange.com. 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 this announcement may not occur. Clarus and ClarusNet are trademarks 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. |
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