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Clarus Appoints Mark D. Gagne as Executive Vice President and Chief Financial Officer.


Business Editors/High-Tech Writers

ATLANTA--(BUSINESS WIRE)--Jan. 18, 2000

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 solution provider, today announced that Mark D. Gagne has joined the company's management team as executive vice president and chief financial officer. Gagne will be involved in all aspects of company operations with initial responsibility for corporate finance, accounting, treasury, investor relations Investor relations

The process by which the corporation communicates with its investors.
, information systems, human resources and corporate support functions.

Gagne brings significant finance, technology, operations and acquisitions knowledge to Clarus. His experience, garnered in fast-paced, high-growth environments, includes chief financial officer positions during initial public offerings at CMG CMG Coastal & Marine Geology (USGS)
CMG Chipotle Mexican Grill, Inc. (stock symbol)
CMG Companion (of the Order Of) St Michael and St George
CMG Computer Measurement Group
 Information Services, Inc. (NASDAQ:CMGI CMGI Commonly Maintained Grounds Infrastructures
CMGI College Marketing Group Information (Services) 
) and more recently at BridgeStreet Accommodations, Inc. (AMEX AMEX

See: American Stock Exchange
:BDS BDS
abbr.
Bachelor of Dental Surgery


BDS Bachelor of Dental Surgery

BDS n abbr (= Bachelor of Dental Surgery) → título universitario

BDS 
).

BridgeStreet was an industry consolidation of four accommodations companies, combined through an aggressive acquisition strategy driven by Gagne, resulting in a global company providing accommodations in more than 30 countries worldwide. At CMGI, Gagne served in multiple roles and capacities as chief financial officer, treasurer and chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of the company's database technologies division. Gagne was instrumental in helping drive CMGI's growth and early Internet success.

"Mark comes to our company at a critical juncture as Clarus establishes a leadership position in the B2B e-commerce market and executes its aggressive channel and international expansion plans," said Steve Jeffery, 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.  of Clarus. "Mark brings leadership and proven experience in technology, finance and operations that will be invaluable in the execution of our strategies."

"Clarus is positioned to establish itself as a leader in business to business e-commerce," said Gagne. "Clarus has multiple-market potential and its growth in these markets should be fueled by its multi-channel strategy and its unique approach to integration with ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer.  systems. I look forward to working with Clarus' exceptional management team to maximize the impact of these strategies on a global scale."

About Clarus

Atlanta-based Clarus Corporation (www.claruscorp.com; NASDAQ: CLRS) a leader in business-to-business (B2B) e-commerce, provides Web-based procurement software and services that exploit the global marketplace of the Internet to manage corporate purchasing and enable digital marketplaces. Clarus is the clear alternative in B2B e-commerce supporting the Free Trade model based on the Clarus Direct architecture. This architecture directly connects buyers and suppliers to maximize cost savings, improve procurement efficiencies, and create new revenue opportunities for large and mid-sized companies. Clarus Commerce solutions leverage its SupplierUniverse trading network for managed content, trading services and supplier integration. Clarus solutions are being deployed at customer sites including AirTouch, Cinergy, MasterCard International, MetLife, Perot Systems, First Data Corporation, and Parsons Brinckerhoff.

THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934. 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 COMPANY AS A RESULT OF THIS ANNOUNCEMENT MAY NOT OCCUR.

FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE ALSO SUBJECT TO OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DISCLOSED IN OUR REGISTRATION STATEMENT ON FORM S-3 FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON 1/7/2000.

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.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 18, 2000
Words:572
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