Clarus Enters Greek Market, Signs Reseller Agreement With Symmetrics.Business Editors READING, England--(BUSINESS WIRE)--April 17, 2001 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 investments by Greek companies This is a list of wholly or partially Greek-owned companies operating in and outside of Greece or foreign-owned companies in Greece employing Greeks. NOTE: S.A. (Greek: Α.Ε. A.E) is used as a term for being Incorporated, as in Inc. may reach as high as $15 million in next year 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 market leader in business-to-business e-commerce solutions, has signed an agreement with Symmetrics S.A., a Greek Systems Integrator providing turnkey solutions for government and private enterprises. This agreement will enable Clarus to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the burgeoning B2B market in Greece. The alliance, which covers the entire Clarus portfolio, will initially service the large- to medium-enterprise (LME See London Metal Exchange. LME See London Metal Exchange (LME). ) sector of the B2B market within Greece. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. research by Symmetrics, the LME market in Greece will total as much as $15 million over the next 12 months. As a reseller in Greece, Symmetrics S.A. will fully implement and support Clarus(TM) software. Symmetrics was chosen because of its focus on providing B2B end-to-end integration and solutions for Electronic Document Management & Workflow, Business Intelligence and Data Warehousing See data warehouse. data warehousing - data warehouse . This announcement enhances Clarus` push into the LME market within Europe and is further proof of its ability to deliver IT solutions worldwide. "The B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. situation is maturing toward a position of mass adoption in Europe, and Symmetrics' own research into the Greek market is further justification of the Clarus business model here," said Kathy Palmer, managing director of Clarus EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. . "Mass adoption is the only way that B2B e-commerce can benefit companies other than large corporations. That's why Clarus is committed to the Microsoft platform, already the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, for much of the world." "This agreement enables Symmetrics to expand its portfolio of software and services that complement our suite of Microsoft-endorsed solutions," said Angelos Robotis, 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 Symmetrics S.A. "Symmetrics is a Microsoft Certified Partner working closely with the local Microsoft Office Microsoft's primary desktop applications for Windows and Mac. Depending on the package, it includes some combination of Word, Excel, PowerPoint, Access and Outlook along with various Internet and other utilities. to build on our Business Development efforts and strategically demonstrate our solutions with them." Symmetrics made an extremely careful and lengthy assessment of B2B Software vendors. Clarus met its two key criteria, which were to meet the local market needs of large- to medium-enterprise companies and to supply solutions that are totally based on the Microsoft platform. Established in Reading in the second quarter of 2000, Clarus EMEA adds Symmetrics to a distinguished group of resellers, including eVita (Norway, Denmark and Sweden), IrisCube Spa (Italy) and Whitehouse (United Kingdom). In addition, iCommerce selected Clarus as the platform for Ireland's first B2B marketplace hub and Deloitte & Touche chose Clarus to power CEProcurement.com, an Internet-based digital marketplace, to provide a commanding presence for Clarus in the European market. About Symmetrics S.A. Athens-based Symmetrics S.A. (www.symmetrics.gr), a high-end systems integrator in enterprise computing, engages in four lines of business - hardware installations, design and installation of networks and wireless communication, knowledge management solutions and e-commerce solutions - for the B2B environment. Symmetrics S.A. has direct relationships with Compaq Computer, HP, Microsoft, Cisco Systems, Intel and Clarus Corporation. Symmetrics S.A. delivers integral systems to the government sector, to private enterprises and to academic institutions in Greece. About Clarus Atlanta-based Clarus Corporation (www.claruscorp.com; NASDAQ: CLRS), a leader in business-to-business (B2B) e-commerce, provides B2B procurement software and trading services that exploit the global marketplace of the Internet to manage corporate purchasing and enable digital marketplaces. Clarus solutions provide a complete online procurement solution from sourcing to procurement to payment settlement. Clarus delivers open, interoperable software solutions designed to make transacting business online more efficient for its customers. Clarus solutions are built on the latest Microsoft technology platforms and were recognized for technology excellence by being named the Microsoft Global eCommerce Solution of the Year. Clarus solutions are being deployed at customer sites including Burlington Northern Santa Fe Corp., Comcast Corporation, Gjensidige NOR, MasterCard International, MetLife, Parsons Brinckerhoff, Smurfit-Stone Container Corp. and Wachovia Corp. 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 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. |
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