Clarus Joins Forces with Strategic Partners and First Customer to Deliver Digital Marketplace Framework.( BW)(GA-CLARUS-2)(CLRS CLRS Center for Labor Research and Studies CLRS Central Launch and Recovery Section CLRS Claims Legal Research System ) Clarus Joins Forces with Strategic Partners and First Customer to Deliver Digital Marketplace Framework Business Editors &High-Tech Writers ATLANTA--(BUSINESS WIRE)--Feb. 16, 2000 Clarus(TM) eMarket launches with Comcast Commercial Online and partners Compaq, PSINet 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), 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 it has teamed with key go-to-market partners and its first customer to launch Clarus(TM) eMarket, a comprehensive set of software and services allowing market makers to create digital marketplaces delivering procurement services to online trading communities. The first customer for the launch of the Clarus eMarket framework is Comcast Commercial Online. In addition, Clarus will leverage strategic partnerships with such partners as Compaq, Microsoft and PSINet to deliver strategic procurement, application hosting and systems integration services as part of its go-to-market strategy for Clarus eMarket. Clarus eMarket powers digital marketplaces that will aggregate buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. and provide shared contracts and pricing through an online procurement service while giving market maker organizations autonomous control over digital marketplace operations through the ClarusDirect(TM) architecture. Clarus eMarket is the only B2B digital marketplace framework that does not impose transaction fees, offers interoperability with other marketplace frameworks, provides an open trading network and is built exclusively on the Windows 2000 platform. As announced today, Clarus has extended its relationship with Microsoft to develop and market Clarus eMarket, one of the first digital marketplace frameworks for Windows 2000. &uot;The support that we have received from our first Clarus eMarket launch customer and partners is evidence of the benefits they realize the ClarusDirect architecture and open trading network will provide in creating and launching new digital marketplaces,&uot; 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. &uot;We have eliminated the dependency on a trading network while providing comprehensive trading services that will deliver distinct go-to-market advantages. Clarus is able to provide a complete, go-to-market digital marketplace solution with functionality and interoperability previously unavailable in this market.&uot; Launch Customers Clarus eMarket launch customer, Comcast Commercial Online, is a leading provider of managed broadband Internet See broadband. services to small and medium-sized businesses and schools. As announced on January 31, 2000, Comcast will utilize the Clarus eMarket digital marketplace framework solution as part of a strategy to deliver state-of-the-art services that allow its customers to participate in business-to-business electronic commerce through leveraged buying and online procurement over the Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. 2000-based framework. This solution enables small and medium-sized enterprises to act as both a buyer and supplier, improving cost savings and providing new market revenue opportunities. &uot;By maximizing the combined leading-edge technologies that Clarus and Microsoft offer, the Clarus eMarket solution will enable small and medium-sized enterprises 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 business-to-business (B2B) e-commerce explosion just like the larger companies,&uot; said Matt Fanning, Vice President of Sales and Marketing for Comcast Commercial Online. &uot;This partnership also demonstrates the continuing commitment Comcast Commercial Online has in providing quality value-added broadband solutions to our Comcast Commercial Internet Service (CCIS (Common Channel Interoffice Signaling) The signaling technique used in the public switched telephone network that transmits voice conversations and control signals over separate networks. ) customers.&uot; Strategic Partners for Go-to-Market Clarus is establishing agreements with a select group of strategic partners such as Compaq and PSINet to provide implementation, ongoing support and hosting services for its Clarus eMarket customers. These services and support offerings are designed to provide distinct go-to-market advantages when deploying a digital marketplace powered by Clarus eMarket. Compaq will serve as a premier systems integrator, and PSINet will become a premier ASP providing hosting services for Clarus eMarket. &uot;Clarus is a strategic Compaq partner, and Compaq is pleased to offer a NonStop(TM) eBusiness solution based on the ClarusDirect(TM) architecture. Compaq services offer full lifecycle services from planning, through deployment and 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. integration supported by the world's largest group of consultants trained in Clarus applications,&uot; said Frank Lanza, Worldwide eProcurement Practice Director, Compaq Enterprise Solutions and Services Group. &uot;Compaq leverages the Clarus(TM) eProcurement solution running on the Microsoft Commerce platform to help our customers reduce costs, slash buying cycle time, and reallocate Verb 1. reallocate - allocate, distribute, or apportion anew; "Congressional seats are reapportioned on the basis of census data" reapportion allocate, apportion - distribute according to a plan or set apart for a special purpose; "I am allocating a loaf of their resources to higher value-add purchasing activities.&uot; Clarus eMarket is designed around the ClarusDirect architecture, which does not impose transaction fees associated with competitive solutions. Clarus provides an open trading network which provides market makers the ability to have autonomous control over their marketplace operations by eliminating the restrictions inherent in alternative central trading hub solutions and will provide distinct go-to-market advantages for the Clarus eMarket customers. This unique digital marketplace framework will also provide the added benefit of interoperability with other digital marketplaces. The Clarus eMarket announcement has been issued in conjunction with Microsoft's launch of Windows 2000 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 . About Comcast Commercial Online Comcast Commercial Online Communications, Inc. (Comcast Corporation NASDAQ: CMCSK, CMCSA) offers full-service broadband Internet solutions for small and medium-sized businesses, as well as networked schools, via Comcast Commercial Internet Service (CCIS). Additional information about Comcast's high-speed Internet See broadband. solutions for businesses and schools can be found on the Comcast Commercial Online Communications, Inc. web site at www.comcastwork.com. Comcast Corporation (www.comcast.com) is principally engaged in the development, management and operation of broadband cable networks and in the provision of content through principal ownership of QVC QVC Quality Value Convenience QVC Question Valid Command , Comcast- Spectacor and Comcast SportsNet, a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in E! Entertainment Television and through other programming investments. Comcast's Class A Special and Class A Common Stock are traded on The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbols CMCSK and CMCSA, respectively. About Compaq Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. , a Fortune Global 100 company, is the second largest computer company in the world and the largest global supplier of computer systems. Compaq develops and markets hardware, software, solutions and services, including industry-leading enterprise computing Refers to information technology in the larger company. See enterprise data and enterprise networking. solutions, fault-tolerant business-critical solutions, enterprise and network storage solutions, commercial desktop and portable products and consumer PCs. The company is an industry leader in environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] programs and business practices. Compaq products are sold and supported in more than 100 countries through a network of authorized Compaq marketing partners. Customer support and information about Compaq and its products are available at http://www.compaq.com. About PSINet PSINet's ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. wholesale business currently provides access to more than 250 ISP customers, serving more than 800,000 of those ISPs' consumers. The wholesale ISP customers include industry leaders such as WebTV (owned by Microsoft), EarthLink Network, NetZero Inc., and 1stUp.Com. Headquartered in Herndon, Va., PSINet is an Internet Super Carrier offering global e-commerce infrastructure and a full suite of retail and wholesale Internet services through wholly owned PSINet subsidiaries. Services are provided on PSINet-owned and operated fiber, satellite, web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and switching facilities providing direct access in more than 800 metropolitan areas in 27 countries on five continents. PSINet information can be obtained by e-mail at info@psi.com, by accessing the web site at www.psinet.com or by calling in the U.S. 800-799-0676. About Clarus 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 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 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 (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. supporting the open, direct Internet model based on the ClarusDirect(TM) 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, Comcast Corporation, First Data Corporation, MasterCard International, MetLife, Parsons Brinckerhoff, and Perot Systems. 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 2/7/2000. Clarus and SupplierUniverse 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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