Clarus Announces Strategic Executive Appointments.Business Editors ATLANTA--(BUSINESS WIRE)--Aug. 3, 2000 Executive Team Development Continues with Three New Appointments in Strategy, Business Development and Finance Clarus(TM) Corporation (Nasdaq: CLRS CLRS Center for Labor Research and Studies CLRS Central Launch and Recovery Section CLRS Claims Legal Research System ), a leading provider of 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 solutions, announced three key appointments to its management team, including chief strategy officer, vice president of business development and vice president of finance. The appointments are effective immediately and are part of the execution of the company's strategies to aggressively grow its business - establishing a leadership position in the B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. market. Steve Hornyak has been promoted to the position of chief strategy officer, reporting directly to Clarus president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Steve Jeffery. Hornyak, who came to Clarus after sales and consulting positions at Oracle Corporation and Price Waterhouse, was one of the original visionaries of Clarus' strategic shift to become a leader in the B2B e-commerce market. Hornyak was also key in the conception of Clarus eMarket(TM), the first true many-to-many platform to power B2B trading exchanges and winner of Microsoft's Global e-Commerce Solution of the Year. As chief strategy officer, Hornyak will continue to help drive the business strategies and execution for Clarus initiatives, and will evangelize e·van·gel·ize v. e·van·gel·ized, e·van·gel·iz·ing, e·van·gel·iz·es v.tr. 1. To preach the gospel to. 2. To convert to Christianity. v.intr. To preach the gospel. those strategies to the financial community, industry analysts, associations and customers. Mark Ledbetter has been appointed vice president of business development, after serving as director of Clarus eMarket where he led market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" efforts for the B2B trading exchange framework. In his former position at Clarus, Ledbetter focused on Clarus eMarket from a sales and business development perspective, working with product development and marketing through the product's conception and June 30 release. Ledbetter's work prior to Clarus included six years at Oracle Corporation where he served as director of application sales for the company's Southeast region. Ledbetter is charged with the aggressive growth of sales channels, the development of new strategic alliances, revenue contributions through forging and maintaining indirect sales channels and the support of rapid international expansion through strategic distributor relationships. "The rapidly evolving market in which we compete demands skill and experience at the highest levels within the company, as well as a sharp understanding of the importance of key partnerships and strategic direction," stated Steve Jeffery, president and CEO of Clarus. "Steve and Mark have made invaluable contributions to Clarus in their time here, and in their new roles will add excellence to the executive team and to its aggressive growth plans." James McDevitt has joined Clarus as vice president of finance. McDevitt, bringing 18 years of financial and administrative management expertise, joins the Clarus executive team after holding executive positions at companies including Geac Computer Corporation, Georgia-Pacific Corporation and Bausch & Lomb. Most recently, McDevitt was CFO See Chief Financial Officer. of Geac Computer Systems and spent nine years with Bausch & Lomb as vice president and controller of multiple business units. McDevitt's responsibilities include all aspects of finance, accounting, applications management, contracts, facilities, purchasing and technical services. "The addition of Jim McDevitt is critical as we add to our existing strength and strategic direction in the financial end of our business," added Jeffery. "Jim has consistently shown success in a number of top-level management positions before joining Clarus, demonstrating the quality of contributions he'll make as we execute our business plan." 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). 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 Perot Systems Corporation NYSE: PER is an information technology services provider based in Plano, Texas. Peter Altabef has served as president, chairman, and chief executive officer since 2004. and Wachovia. THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 BUSINESS OR PROSPECTS EXPECTED BY THE COMPANIES AS A RESULT OF THE ANNOUNCEMENT MAY NOT OCCUR. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE ALSO SUBJECT TO OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DISCUSSED IN THE REGISTRATION STATEMENT ON FORM S-1. Clarus, ClarusNet and Clarus eMarket are trademarks of Clarus. 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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