Clarus Signs First User of Hosted Electronic Procurement Through Microsoft/Cisco Alliance.ATLANTA--(BUSINESS WIRE)--Nov. 1, 1999-- Clarus(tm) eProcurement the core application for strategic sourcing to quasi-government agencies 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 ) electronic procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. solution provider, and Enabling Business Technologies, Inc., (EBtech) are teaming with the leading Application Service Provider (ASP) to provide strategic sourcing solutions to vertical markets. EBtech has licensed Clarus(tm) eProcurement as the core application for its strategic sourcing initiative. EBtech will leverage Clarus(tm) eProcurement through USinternetworking, one of three ASPs hosting the purchasing solution. The solution will be used to service quasi-government agencies, with future plans to extend into other vertical markets including healthcare, educational institutions and companies that provide support to government organizations. "The adoption of the Clarus Zero Capital model by EBtech supports our strategic initiative with Microsoft and Cisco for electronic procurement for the many, not just the few," said Steve Jeffery, 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. and president. "Now eProcurement is available to organizations that would not otherwise have the resources to implement and support such applications." Microsoft Corp. and Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. Inc. will collaborate to provide ASPs with an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for deploying outsourced applications and services. Hosted applications give customers an alternative to the resource-intensive process of deploying and managing complex applications internally, providing a cost-effective method to rapidly deploy scaleable solutions with a reduced initial investment. "There is a tremendous need for outsourced applications such as Clarus(tm) eProcurement in the quasi-government sector," said Felton "Jay" Miller, President and CEO of Enabling Business Technologies. "By providing a high end electronic procurement solution as a subscription based hosted solution, we will be able to offer small- and mid-size organizations the benefits of an enterprise purchasing solution." Clarus and USinternetworking will offer the eProcurement application through a "zero capital" model. This means companies pay nothing up front for the service. Instead they pay a monthly subscription fee covering all hardware, software, maintenance and support costs. About Enabling Business Technologies Enabling Business Technologies, Inc., of Arlington, Virginia finds faster, easier, less expensive, and more powerful ways to provide Internet Procurement (iProcure(tm)) and related supply chain solutions, and procurement consulting from process streamlining to complete process transformation, for businesses, educational institutions, nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. , and municipalities. EBtech intends to increase process efficiencies that result in reduced costs, shorter cycle times, reduced inventories and improved service for clients. EBtech also partners with clients to manage procurement functions the client elects to outsource. EBtech recently acquired Tomco Systems, Inc., adding technical engineering and professional program and project management to its core capabilities. About Clarus Atlanta-based Clarus Corporation (www.claruscorp.com); NASDAQ: CLRS) is a leader in providing B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. applications that leverage the global, open marketplace of the Internet, enabling organizations to gain control of their operational resources, including non-production goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . The Clarus Commerce solution incorporates Web technology and channel partners to connect large populations of employees, management and suppliers with continuous planning, monitoring and control of resources, which can result in a dramatic impact on the bottom line. Clarus delivers its e-commerce solutions via direct and indirect channels and offers innovative "zero capital" pricing models to service very large to medium and small sized companies. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Clarus(tm) eProcurement, is being used at more than 23 sites for customers including MasterCard International, MetLife, First Data Corporation, and 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; , with planned deployment to more than 130,000 employees. NOTE TO EDITORS: 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 COMPANY 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, AND OTHER FILINGS MADE BY THE COMPANY WITH THE SECURITIES AND EXCHANGE COMMISSION. 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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